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.