545 E Algonquin Road in Arlington Heights, Illinois was sold to a private investor in July 2018. This was the third and final sale of Biynah’s Midwest Industrial Fund with Alex Brown Realty, marking the successful closure of the fund.
Biynah completed the successful sale of 14825 South Drexel Road in Chicago to a private investor in March 2018.
6200 Hillcrest Drive in Valley View, Ohio was sold to a private investor in February 2018, after Biynah implemented a successful capital improvement program and renegotiated a long-term lease with the property’s sole tenant.
A joint venture between Biynah and Olympus Ventures sold 42 acres of unimproved land in the AmeriPlex business park in Indianapolis to a US-based freight logistics company in November 2017.
Biynah acquired the St. Paul Business Center vis-à-vis a tax-deferred exchange in September of 2017. The property is exceptionally well-located at the intersections of I-35E and Hwy 694, maintains historically high occupancy rates generating a strong current yield. Biynah anticipates implementing a capital improvement program at the property and maintains a long-term hold position for[…]
A joint venture between Biynah and Alex Brown Realty sold 250-258 Kitley Avenue in Indianapolis to a private California-based investor in September 2017. This sale marks the second divestiture of the joint venture’s Midwest Industrial Fund.
Biynah sold 372 Hazelwood Logistics Center Drive in Hazelwood, Missouri to an institutional investor in July 2017. Biynah acquired the property back in 2012 out of a distressed REO situation. At the time, the property was vacant. Biynah was able to quickly stabilize the property and hold it for a period of years before selling.
A joint venture between Biynah and Alex Brown Realty sold the North by Northwest industrial portfolio, located in the Park 100 submarket of Indianapolis, to an institutional investor in March 2017. The property was originally acquired by Biynah during the doldrums of 2009 and was actively managed in the ensuing years prior to being sold.
Biynah and a syndicate of high net worth investors sold 5250 W 74th Street in Edina, Minnesota to a private investor in August 2016. Biynah originally acquired the property in 2013 out of a distressed REO situation.
Biynah and MLG Capital formed a joint venture to acquire Plymouth Industrial Park in Plymouth, Minnesota from and institutional investor in July 2016. The class B, multi-tenant property is well-located in first tier suburb at the intersections of Hwy 55 and Hwy 494, and is highly functional for lighter industrial tenants. The property was purchased[…]
Biynah Industrial joined forces with Olympus Ventures on the acquisition of an eight-building industrial portfolio in Indianapolis. Click Here for the full story.
Alex. Brown Realty, Inc. (ABR) and Biynah Industrial Partners, LLC (Biynah) announce the acquisition of the Minneapolis Area Industrial Portfolio located in Minnesota and Wisconsin. ABR Chesapeake Fund V, a value-add real estate fund sponsored by ABR, invested $16.3 million in the joint venture. The Minneapolis Area Industrial Portfolio consists of three single tenant[…]
Biynah Industrial Partners, LLC (Biynah) announces the sale of 2450 Edison Boulevard, located in the Twinsburg, Ohio (Property). The Property consists of a single light industrial building totaling 32,000sf. The Property was part of an eight-building portfolio in the Cleveland metro area, purchased by Biynah in 2014. “We earmarked this Property for a[…]
Biynah Industrial Partners, LLC (Biynah) announces the sale of a two building industrial portfolio located at 10400-10440 Hickman Road in Des Moines, IA (Property). The Property consists of two light industrial buildings totaling 260,000sf. The Portfolio was purchased in 2007 by a joint venture between Biynah and Alex Brown Realty. “When we purchased the[…]
Biynah Industrial Partners, LLC (Biynah) announces the acquisition of 12301 Dupont Avenue South located in Burnsville, MN (Asset). The building consists of a single industrial facility totaling 167,325 sf. The Asset is 90% occupied with two existing tenants. The portfolio was a joint venture between Biynah and a high net worth family office.[…]
Biynah Industrial Partners, LLC (Biynah) announces the acquisition of 1775 – 1801 Highway 8 NW located in New Brighton, MN (Asset). The portfolio consists of two industrials buildings totaling 79,028 sf. The Asset is approximately 90% occupied with seven existing tenants. The portfolio was a joint venture between Biynah and MLG Capital. “This[…]
A Minneapolis-based real estate investment group is the new owner of nine industrial properties in Northeast Ohio in a $43 million transaction for more than 767,000 square feet of space. Read the full story here.
Alex. Brown Realty, Inc. (ABR) and Biynah Industrial Partners, LLC (Biynah) have entered into a joint venture to acquire the Milwaukee Industrial Portfolio in Milwaukee, Wisc. ABR Chesapeake Fund IV, a value-added real estate fund sponsored by ABR, invested $5.7 million in the venture. Read the full story here.