Pendulum Property Partners Buys Nordeast Business Center (130,450 SF) in Minneapolis

SaleIndustrialMinneapolis Core (Downtown / North Loop / Northeast)

Reported Oct 20, 2026 · Source: Finance & Commerce

Source: Finance & CommerceRead the full report at Finance & Commerce ↗

Deal details

Buyer
Pendulum Property Partners
Seller
Clarion Partners
Price
$20.67M
Size
130,450 SF
Price per SF
$158 per SF (our calculation)
Asset class
Industrial
Transaction
Sale
Sub-market
Minneapolis Core (Downtown / North Loop / Northeast)
Metro
Minneapolis-St. Paul
Reported date
Oct 20, 2026

Summary

Pendulum Property Partners bought Minneapolis’ Nordeast Business Center for $20.67 million, marking its first Twin Cities acquisition amid industrial sales. Pendulum Property Partners bought the 130,450-square-foot Nordeast Business Center in northeast Minneapolis for $20.67 million, marking the California investor’s first acquisition in the Twin Cities metro. Source: Finance & Commerce.

Summarized from the article; the quoted lines below are from the article itself.

Source: Finance & Commerce

Read the full report at Finance & Commerce. What the article says:

  • Deal / Price / Buyer
    Pendulum Property Partners bought Minneapolis’ Nordeast Business Center for $20.67 million, marking its first Twin Cities acquisition amid industrial sales.
  • Deal / Size
    Pendulum Property Partners bought the 130,450-square-foot Nordeast Business Center in northeast Minneapolis for $20.67 million, marking the California investor’s first acquisition in the Twin Cities metro.
  • Seller
    Seller Clarion Partners bought the property for $17 million in December 2023, marking a 21% increase in value.

Article date: 2026-10-20T20:49:51+00:00

Frequently asked questions

Who bought Nordeast Business Center?
Pendulum Property Partners bought Nordeast Business Center in Minneapolis Core, according to Finance & Commerce.
How much did Nordeast Business Center sell for?
The reported price is $20.67M ($158 per SF, our calculation), per Finance & Commerce.
Who sold Nordeast Business Center?
The seller was Clarion Partners, per Finance & Commerce.

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Compiled from public sources; details can differ between sources. Always verify with the linked source.