Bayer Corn-Belt Distribution Hub

Jones Lang LaSalle (“JLL”), as exclusive representative to seller, is pleased to present for sale the Bayer Corn-Belt Distribution Hub (the “Offering”, the “Property”, or the “Asset”), a 266,340 SF temperature-controlled distribution facility located at 700 Blakely Circle in Grinnell, IA within the greater Des Moines market. The Asset is 100% leased to Bayer CropScience, LP (the "Tenant" or "Bayer"), the largest division of the multi-national, pharmaceutical & life-sciences company ~Bayer AG. Located just 10-minutes from Bayer's Grinnell Commercial Facility ("Grinnell Commercial"), the Bayer Corn-Belt Distribution Hub works in tandem with one of the top corn seed processing plants in the country in the storage and distribution of crop seed across the Midwest through its specialized temperature control systems that allows the corn to be stored year-round.

Widely recognized as the "Corn-Belt" region in America, Iowa leads the nation in corn production annually with over 2.63 million bushels of corn for grain planted across nearly 13-million acres of Iowa farms in 2024. With over 86 years of corn production in Grinnell, IA, Bayer (formerly Monsanto) has grown into a top corn seed company in the country with over 2-million bags of DEKALB corn produced at their Grinnell Commercial Facility annually. The Bayer Corn-Belt Distribution Hub presents investors the opportunity to acquire mission-critical real estate for a publicly traded, investment-grade tenant (Fitch/S&P: BBB) with specialized temperature-control features at a competitive cost-basis for like-kind product.