Xcel Energy buys Minneapolis warehouse for $15M.

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  "signal_type": "news",
  "signal_subtype": "invests_into_assets",
  "detected_at": "2026-06-10T20:37:11+00:00",
  "company": {
    "name": "Xcel Energy",
    "domain": "xcelenergy.com"
  },
  "data": {
    "url": "https://finance-commerce.com/2026/06/xcel-energy-buys-minneapolis-warehouse",
    "title": "Xcel Energy buys Minneapolis warehouse for $15M.",
    "assets": "warehouse",
    "ticker": "NASDAQ:XELLL",
    "excerpt": "Xcel Energy buys Minneapolis warehouse for $15M.\n\nThe blueprint.\n\n* Xcel Energy acquired the warehouse for $15 million\n* Property spans nearly 154,000 square feet\n* Building dates back to 1955 and was renovated in 2013\n* Sale followed the expiration of the prior tenant's lease\n\nXcel Energy has purchased a warehouse in Minneapolis for $15 million in a cash deal, according to a recently released certificate of real estate value.\n\nThe property is located 63 St. Anthony Parkway in Minneapolis' Columbia Park neighborhood. The building is just shy of 154,000 square feet, according to a Catylist listing.\n\nFountain and Midloch have held the property since 2021 when they purchased it for $12 million. Mike Wilhelm, principal at Fountain, said in an interview that the property had reached the end of its cycle for the two investment groups. They waited for the current tenant's lease to expire and sold it to Xcel afterward.\n\n\"We had owned it for five years and that was our planned investment horizon, so timing matched up nicely with the marketplace and we decided it was time,\" Wilhelm said.\n\nWith its $15 million price tag, the price per square foot works out to about $97.44. Other recent sales in 2026 include RiverTech Workplace properties bought by the Terrace Group for about $109.77 per square foot and the Sandburg Industrial Center in Golden Valley that was bought for $109.77 per square...",
    "summary": "Xcel Energy invests into assets: warehouse in the amount of $15M in Minneapolis, Minnesota, United States, Northern America, Americas.",
    "location": "Minneapolis, Minnesota, United States, Northern America, Americas",
    "planning": false,
    "image_url": "https://finance-commerce.com/files/2026/06/St-Anthony-Industrial.jpg",
    "confidence": 0.3734,
    "assets_tags": [
      "distribution"
    ],
    "published_at": "2026-06-10T20:37:11Z",
    "location_data": [
      {
        "city": "Minneapolis",
        "state": "Minnesota",
        "region": "Northern America",
        "country": "United States",
        "continent": "Americas",
        "fuzzy_match": false
      }
    ],
    "article_sentence": "Xcel Energy buys Minneapolis warehouse for $15M.",
    "amount_normalized": 15000000
  }
}

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