Standard Real Estate Investments and Endeavor Development Complete Sale of Cobalt Business Center in Suburban Minneapolis

Minneapolis, MN - October 27, 2026 - Standard Real Estate Investments, LP and Endeavor Development today announced the sale of Cobalt Business Center, a 174,288 sq.-ft. Class A industrial facility located in Mendota Heights, MN. The project quickly achieved stabilization and was subsequently acquired by a private investor.

Located on a 10.1-acre infill site in Mendota Heights, Cobalt Business Center benefits from exceptional access to MSP International Airport and major transportation corridors including I-494, I-35E, and Highways 55 and 62. The surrounding area is home to major employers such as Amazon, Blue Cross Blue Shield, and Ecolab. Cobalt Business Center features 32' clear heights; 15 dock positions outfitted with 35,000-lb. levelers and seals; motion-sensing LED light fixtures; ESFR fire protection sprinkler system; and 4,000 amps of power.

The transaction marks the culmination of a highly successful development and investment strategy that transformed the property from an obsolete vacant office property into a modern industrial building in 15 months. The project had strong leasing activity throughout construction and was fully pre-leased prior to construction completion. .

"Cobalt Business Center is a great example of what happens when the right partner, the right product and the right market come together," said Lindsay Louie of Standard Real Estate Investments. "We believed in the Minneapolis industrial market, where demand for modern, well-located space has outpaced new supply, and the results proved that out. We're grateful to Endeavor, whose execution was instrumental at every stage, and we look forward to continuing our partnership."

Josh Budish, founder and principal of Endeavor said, "Cobalt is further proof of Endeavor's ability to identify well-located but challenged sites, often seeing value where others don't, and then to navigate complicated entitlement and construction processes to deliver a best-in-class product. We appreciate the trust Standard showed in us and are proud of the successful outcome achieved for Standard, Endeavor and the city of Mendota Heights."

About Standard Real Estate Investments

Standard Real Estate Investments (Standard) is a diversified middle market investment manager. The company operates across property sectors in markets throughout the United States with a current focus on the development of industrial facilities and the acquisition of multifamily communities. The firm maintains offices in Los Angeles, California and Washington, D.C. For more information, visit www.standardrei.com

About Endeavor Development

Endeavor Development is a Minnesota-based commercial real estate firm specializing in the development and acquisition of high-quality industrial properties. With a focus on delivering value through strategic site selection, thoughtful design, and strong partnerships, Endeavor is committed to building spaces that work for the businesses that occupy them. Learn more at www.endeavorshield.com