SR Realty Trust Acquires 35,000 SF Office/Warehouse Building in Oakdale, MN
December 18, 2017
SR Realty Trust, Inc. announced today that it acquired 649 Hale Ave. in Oakdale, MN for $2,300,000. The 34,800 SF office-warehouse is 100% leased to Hearing Components, Inc. The company makes Comply TM foam tips for earphones and earbuds sold worldwide.
“The acquisition furthers SR Realty Trust’s industrial property growth strategy” according to Mark Reiling, company president. In October, the private REIT acquired 1301 Industrial Blvd in Minneapolis, a 350,000 SF distribution warehouse.
SR Realty Trust is a private real estate investment trust, or REIT, investing in quality investment properties. Its $110 million portfolio consists of industrial, creative office and retail properties, mostly located in the Twin Cities.