Arranges $11 million refinance for Prairieview Shopping Center in Eden Prairie, Minnesota
Prairieview Shopping Center
MINNEAPOLIS (August 18, 2014) – Patrick S. Minea, senior vice president/managing director of NorthMarq Capital’s Minneapolis based regional office secured the $11 million refinance of Prairieview Shopping Center, a 114,646 sq.ft. retail property located in Eden Prairie, Minnesota. The transaction was structured with a 25-year term and 25-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a Thrivent Financial. “This asset is well positioned in the Eden Prairie retail market; the transition of the Grocer will be a benefit going forward,” said Minea.
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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
