SR Realty Trust completes acquisition of industrial building in Duluth, MN
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Minneapolis, MN, February 26, 2016 – SR Realty Trust, Inc., a private real estate investment trust, acquired a single-tenant industrial building located in Duluth, Minnesota. The property is a 12,000 sq. ft. office/warehouse building with outside storage and is fully-leased to MacArthur Co., a St. Paul-based construction materials distributor.
Evan Richardson, Director of Capital Market for Schafer Richardson said, “The MacArthur Building is an exceptional addition as we look to expand SR Realty Trust’s industrial portfolio and further diversify outside of the Twin Cities metro.” The MacArthur Building acquisition marks SR Realty Trust’s twelfth acquisition in the last 12 months.
SR Realty Trust, Inc. is a private real estate investment trust managed and advised by Schafer Richardson, Inc., a fully integrated commercial real estate company that owns, operates and develops commercial properties in the Midwest.
Contact: 900 North Third Street
Evan Richardson Minneapolis, MN 55401