Alex. Brown Realty and Biynah Industrial Partners Acquire 7-Building Truck Terminal and High Flow Through Industrial Portfolio

Contact: Jeff Josephs Biynah Industrial Partners (312)-399-8095 Jake Martin Alex. Brown Realty, Inc. (410)-547-3002 Baltimore, MD/Minneapolis, MN (December 2021) – Alex. Brown Realty, Inc. (ABR) and Biynah Industrial Partners, LLC (BIP) are pleased to announce the closing of a seven-building truck terminal and high flow through industrial portfolio located in Minneapolis, Indianapolis, Louisville,[…]

Biynah Acquires Light Industrial Portfolio in Southwest Minneapolis Metro

In March 2019, a private investment group, lead by Biynah, acquired a four-building light industrial portfolio in Eden Prairie, Minnesota.  The properties are well located, highly functional and were purchased at a discount to genuine replacement cost.   At acquisition, the properties maintained a diverse, high-quality tenant-base and one vacancy totaling about four percent of the[…]

Biynah Sells Great Lakes Industrial Portfolio

Seven warehouse properties, totaling approximately 655,000 square feet, located within the Cleveland metro area, were sold by a Biynah joint venture to an institutional investor in November 2018. This was the third and final sale within Biynah’s “Great Lakes” portfolio, marking the successful closure of said investment vehicle, which was originally formed in 2014.

Biynah Acquires Light Industrial Park in St. Paul

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[…]

Biynah Sells Hazelwood Commerce Center in St. Louis

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.

Alex. Brown Realty and Biynah Acquire Minneapolis Area Industrial Portfolio

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 Divests of Cleveland Property

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 Divests of Industrial Portfolio in Des Moines

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 Acquires Industrial Assets in New Brighton, MN

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[…]