Westmount Realty Capital has sold I-35 Industrial Center, a 413,239-square-foot class B warehouse and distribution facility at 2300 State Highway 13 West in Burnsville, located just 15 miles south of downtown Minneapolis. ShopJimmy.com, an ecommerce company, has leased 100 percent of the mixed-use space for its headquarters since 2018.
Even with this sale, Westmount still holds four assets in Minnesota, totaling 433,181 square feet. The portfolio is 98 percent leased.
“The thriving Twin Cities of Minneapolis-St. Paul will continue to be a hub for the world’s largest and most well-known companies because of its strong economy and low unemployment rate,” said Julie Butticarlo, Westmount asset management director. “ShopJimmy.com is a high-quality and durable tenant that is leased through June 2028 with two, 5-year extension options. ShopJimmy.com has occupied the property since September 2012, and our biggest value-add was having them expand and occupy the who
