Syndicated Equities Sells Abbott Bio-Medical Industrial Portfolio

Syndicated Equities is pleased to announce the sale of the Abbott Laboratories Life Sciences Campus in Minnetonka, Minnesota.

Syndicated acquired the portfolio alongside Eagle Ridge Partners in 2017, which originally consisted of short term leases for 280,289 square feet spread out across five buildings. The portfolio contained certified clean rooms, labs, manufacturing space, as well as office and warehouse space. The acquisition was structured as a Tenancy-In-Common (TIC) to accommodate investors completing a Section 1031 exchange. During its ownership, Syndicated and Eagle Ridge negotiated long term lease renewals for the portfolio, creating significant value for investors. The assets were successfully sold on July 19, resulting in a 2.38x equity multiple and 20.71% internal rate of return for Syndicated investors.

Syndicated Equities provides accredited investors and family offices with institutional quality commercial real estate investments. Since 1986, the firm has developed an expertise in co-investment ownership, net lease brokerage services, global real estate opportunity funds, and more recently, qualified opportunity zones. To date, Syndicated Equities has made over 100 investments representing over $500 million of equity and $2 billion of total asset value.

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