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[…]

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[…]