Matterhorn Venture Partners Enters Minneapolis with Two-Building, 57,665 Square Foot Small-Bay Industrial Acquisition

CHICAGO, Sept. 9, 2026 /PRNewswire/ -- Matterhorn Venture Partners ("MVP") announced the acquisition of a two-building, 57,665 square foot small-bay industrial portfolio in the Minneapolis/St. Paul MSA, consisting of 5221 Lakeland Avenue N in Crystal, MN and 7385–7399 Bush Lake Road in Edina, MN. Acquired independently from two separate sellers, the buildings mark MVP's first investment in Minneapolis and serve as the seed deals of the firm's small-bay aggregation strategy in the market.

The Crystal building, located in the Northwest submarket, totals 27,012 square feet across four suites, while the Edina building, in the Southwest submarket, totals 30,653 square feet across six suites and is fully leased. Both are masonry construction with 16-foot clear heights and dedicated dock and drive-in loading. Sub-50,000 square foot industrial buildings across the metro carry vacancy under two percent with effectively no new deliveries underway.

MVP intends to lease the available space at Crystal, roll in-place rents to market on long-term triple net leases, and complete a capital program that includes cleaning up the exterior, white-boxing interior suites, new bathrooms and fixtures, and LED retrofits. Both buildings were sourced off market by Chicago-based 609 Real Estate.

"Minneapolis is one of the tightest small-bay markets in the country, and this portfolio gives us a functional, infill foothold at a basis well below replacement cost," said Scott McKibben, Chief Executive Officer and Co-Founder of MVP. "These two buildings are the start of a larger aggregation effort in the Twin Cities."

"We tracked both of these owners well before either building was formally available," said Jacob Borenstein, Principal of 609 Real Estate. "Functional small-bay product in Crystal and Edina almost never reaches the open market, and pairing the two into a single portfolio made it a transaction worth putting together."

About Matterhorn Venture Partners

Matterhorn Venture Partners ("MVP") is a Chicago-based private real estate investment firm focused on acquiring and managing industrial assets nationwide. Since its founding in 2024, MVP has completed over $800 million in total deal capitalization across 12 states, encompassing more than 6.3 million square feet. MVP co-invests alongside private and institutional capital partners to create value through targeted capital improvements, proactive asset management, and disciplined portfolio aggregation. Learn more at www.matterhornvp.com.

Media Contact

Scott McKibben
Matterhorn Venture Partners
[email protected]

SOURCE Matterhorn Venture Partners LLC