NorthMarq Announces Real Estate Transactions in November
MINNEAPOLIS, Minn. (Dec. 16, 2009) — NorthMarq announces the following
real estate transactions completed in November.
NorthMarq facilitates sale of Brooklyn Park office warehouse
NorthMarq has helped facilitate the sale of a 35,000-sq.-ft. office
warehouse located at 401 Winnetka Ave. N. in Brooklyn Park. Vice
President Jeff Hart represented JAXEL Properties/Reliable Medical
Supply, Inc. in the purchase. The property was sold by A & E Real
Estate, LLC, represented by
Jon Yanta,
Jason Meyer,
Kris Smeltzer and
Brent Masica, also of NorthMarq.
NorthMarq arranges sale of a 3.28 acre Lake Minnetonka marina
NorthMarq arranged the sale of a 3.28-acre Lake Minnetonka marina,
located at 1449 Shoreline Drive in Orono.
Ryan Tibbits and
Pete Rand of NorthMarq represented the seller, Genmar, one of the
world’s largest manufacturers of recreational boats. The property was
purchased by RLA Family Limited Partnership.
Jo-Ann Stores signs lease for new Roseville location
NorthMarq Vice President
Tricia Pitchford has secured a lease with Jo-Ann Stores for 23,230
sq. ft. at Crossroads of Roseville community shopping center, located at
1655 County Road B2 W. in Roseville. The store is relocating from its
space at adjacent shopping center Rosedale Commons and will open in
March 2010. Pitchford represented the owner, Wilcal Crossroads, LLC, in
the transaction. Jo-Ann was represented by George Bestrom of Park
Midwest Commercial Real Estate.
NorthMarq represents Ocean Spa & Nails in lease
The NorthMarq team of
Stefanie Meyer,
Peter Armbrust and
Johnny Reimann represented Ocean Spa & Nails in a lease for 2,500
sq. ft. of retail space in Roseville. Ocean Spa & Nails will open its
new store, located at 2181 North Snelling Avenue, in February 2010. Sara
Martin of Welsh Companies represented property owner Rosewood Center
Partners in the transaction.
About NorthMarq
NorthMarq offers commercial real estate services, including brokerage,
property management, corporate solutions, investment sales and
debt/equity services, to investors and occupiers of commercial real
estate from its headquarters in Minneapolis. The company manages more
than 60 million sq. ft. of retail, industrial and office assets in 22
markets around the country, handles more than 7,500 transactions
annually and provides real estate debt and equity financing, and
commercial loan servicing in 32 offices coast-to-coast, with an average
of $10 billion in annual production volume and services a loan portfolio
of more than $37 billion.
Contact:
Martha Nevanen
952.893.7539
martha.nevanen@marquettere.com
Keith Negrin
Maccabee Group
612.337.0087