Syndicated recently acquired its 11th asset in the Twin cities, a 173,364 square foot portfolio of office buildings primarily leased to Trimble, Inc. (S&P: BBB-). Trimble has occupied space at this location since 2006 and has since expanded twice, eventually becoming the anchor tenant and branding this as their Mobility & Transportation headquarters.

This investment will provide investors with an attractive cash-on-cash return from an investment grade tenant on a new 10-year lease in a growing submarket of Minneapolis.

The acquisition was structured to accommodate investors completing a 1031 exchange.