Industry Leading Tenant

• In December 2024, FedEx Corporation announced its intent to separate FedEx Freight from the broader FedEx enterprise, establishing FedEx Freight as a standalone publicly traded company. The separation is expected to be completed in 2026 and is designed to enhance FedEx Freight’s operational focus and efficiency as one of the dominant players in the less-than-truckload (LTL) industry. Operating from more than 350 locations across North America, FedEx Freight generated an industry-leading $9.4 billion in revenue in FY ’24.

Strategic FedEx Freight Hub

• This property serves as FedEx Freight’s only location in the Duluth MSA (Minnesota’s second-largest MSA, ±280,000 residents), making it a mission-critical hub for the company’s LTL operations in northern Minnesota. Strategically located near Duluth International Airport (DLH), downtown Duluth, and Interstate 35, the site provides seamless connectivity to Minneapolis and the broader Midwest.

Major Port City

• The Port of Duluth is the world’s farthest inland port and serves as the busiest port on the Great Lakes, handling over 35 million tons of cargo annually. The site’s proximity to the Port of Duluth gives FedEx Freight’s LTL operations fast and reliable access to a large amount of inbound and outbound goods.