Property details
minnetonka, minnesota
Trimble Corporate Campus
Investment type
Net Lease
Asset Class
Office
Ownership Structure
Delaware Statutory Trust (DST)
Year Acquired
2020
Investment Summary
Trimble Corporate Campus is a 173,364 square foot, two-building office campus that is 100% leased. The anchor tenant, Trimble Inc., is an integrated technology and software provider that design and implements logistics solutions for major freight and moving companies. Trimble is a publicly traded, Fortune 1000 company with a Standard and Poor’s investment grade credit rating of BBB+. The property will serve as Trimble’s Mobility & Transportation headquarters.
Syndicated structured its acquisition as a Delaware Statutory Trust (DST) to accommodate investors completing a Section 1031 Exchange.
