Endeavor sells Arbor Lakes Business Park Buildings 3 & 4 in Maple Grove for $66 million

Two recently built industrial buildings in Maple Grove's Arbor Lakes Business Park have sold for a combined $66.5 million.

Edina-based Endeavor Development confirmed this week it sold Buildings 3 and 4, each of which has about 221,500 square feet of space. The buildings are located near the Interstate 94 and Highway 169 interchange. Endeavor developed the buildings in 2022 and 2023.

The buildings sold to LIPT Arbor Lakes LLC in a deal that closed Nov. 19, Endeavor confirmed the buyer is tied to LaSalle Investment Management, a subsidiary of JLL (NYSE: JLL). LaSalle Investment Management could not immediately be reached for comment.

Read the full article online at Minneapolis/St. Paul Business Journal