Marcus & Millichap Inc.
03/19/2026 | Press release | Distributed by Public on 03/19/2026 19:56
Marcus & Millichap Arranges $18.7 Million Sale of 11-Property Sherwin-Williams Portfolio in Minnesota, North Dakota and South Dakota
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Marcus & Millichap Arranges $18.7 Million Sale of 11-Property Sherwin-Williams Portfolio in Minnesota, North Dakota and South Dakota
March 19, 2026
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MINN., N.D., S.D., March 19, 2026 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of an 11-property Sherwin-Williams portfolio in Minnesota, North Dakota and South Dakota. The portfolio sold for $18,743,000.
"Prior to our marketing efforts, we assisted the seller in securing rare 15-year lease extensions with Sherwin-Williams across the entire portfolio, creating a unique opportunity to attract a broad pool of investors," said Dominic Sulo, senior managing director investments. "Ultimately, the seller selected a proven buyer with a track record of execution to bring the transaction to a successful close."
Sulo, investment specialist in Marcus & Millichap's Chicago Oak Brook office, in association with Jon Ruzicka, Marcus & Millichap's Minnesota, North Dakota and South Dakota broker of record, had the exclusive listing to market the property on behalf of the repeat Minnesota private seller, and procured the Michigan-based institutional buyer.
The Sherwin-Williams portfolio includes locations at 2405 Middle School Ave. NW in Bemidji, Minnesota; 1801 London Rd. in Duluth, Minnesota; 2445 College Way in Fergus Falls, Minnesota; 300 Southeast 29th St. in Grand Rapids, Minnesota; 132 Twin Rivers Ct., in Sartell, Minnesota; 1500 E. Century Ave. in Bismarck, North Dakota; 3010 Rock Island Pl. in Bismark, North Dakota; 3010 32nd Ave. S in Grand Forks in Noth Dakota; 1212 S. Darryl Place in Sioux Falls, South Dakota; 2215 Bakker Landing Ave. in Tea, South Dakota and 926 26th St. SE in Watertown, South Dakota, totaling approximately 55,590 rentable square feet.
"Prior to our marketing efforts, we assisted the seller in securing rare 15-year lease extensions with Sherwin-Williams across the entire portfolio, creating a unique opportunity to attract a broad pool of investors," said Dominic Sulo, senior managing director investments. "Ultimately, the seller selected a proven buyer with a track record of execution to bring the transaction to a successful close."
Sulo, investment specialist in Marcus & Millichap's Chicago Oak Brook office, in association with Jon Ruzicka, Marcus & Millichap's Minnesota, North Dakota and South Dakota broker of record, had the exclusive listing to market the property on behalf of the repeat Minnesota private seller, and procured the Michigan-based institutional buyer.
The Sherwin-Williams portfolio includes locations at 2405 Middle School Ave. NW in Bemidji, Minnesota; 1801 London Rd. in Duluth, Minnesota; 2445 College Way in Fergus Falls, Minnesota; 300 Southeast 29th St. in Grand Rapids, Minnesota; 132 Twin Rivers Ct., in Sartell, Minnesota; 1500 E. Century Ave. in Bismarck, North Dakota; 3010 Rock Island Pl. in Bismark, North Dakota; 3010 32nd Ave. S in Grand Forks in Noth Dakota; 1212 S. Darryl Place in Sioux Falls, South Dakota; 2215 Bakker Landing Ave. in Tea, South Dakota and 926 26th St. SE in Watertown, South Dakota, totaling approximately 55,590 rentable square feet.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit https://www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on March 19, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on March 20, 2026 at 01:56 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]