Standard, Endeavor Sell 174,288 SF Cobalt Business Center in Metro Minneapolis
Why this matters
Industrial has moved into a normalization phase after the 2020-2023 frenzy. Vacancies are up modestly, sublease space remains a watch item in the big-box logistics segment, and rent growth has shifted from double-digit to mid-single-digit. The long-term tailwinds — nearshoring, e-commerce penetration, infill scarcity — remain intact. Minneapolis medical office and industrial continue to outperform. Multifamily supply has cooled meaningfully entering 2026 and concessions are now retracing. Institutional capital is calibrating between core income and value-add basis plays as the cycle matures.
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On the RET wire
- The eighth Minneapolis story tracked on the wire in October 2026. All Minneapolis coverage →
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MENDOTA HEIGHTS, MINN. — Standard Real Estate Investments LP and Endeavor Development have sold Cobalt Business Center, a 174,288-square-foot industrial facility in Mendota Heights. A private investor acquired the ass…
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