MINNEAPOLIS-Artis REIT, based in Winnipeg, Canada, has completed$117 million in office and industrial transactions here. Thecompany has purchased Stinson Office Park, and closed on the secondtranche of a 25-property industrial portfolio, consisting of ninesites totaling 1.5 million square feet.

The 307,045-square-foot Stinson property is 97% leased to twotenants, Qwest Communications and Fairview Health Services. Artisbought the building, located in the Midway submarket of the TwinCities, for $44.2 million from Eagle Ridge Partners.

Artis also spent $73.2 million on the nine industrial sites,which are collectively 88.5% occupied by a combination of office,flex, warehouse, distribution and light manufacturing tenants. AMBProperty Corp. is selling its 25-property Minneapolis industrialportfolio, and Artis is scooping up the sites. Sources say Artishas already purchased 16 of the properties. The company is now oneof the top five industrial landlords in the Twin Cities. CB RichardEllis, which represented AMB on the deals, will continue to manageand lease the buildings.