Retail - Debt

Arranges $11 million refinance for Prairieview Shopping Center in Eden Prairie, Minnesota

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.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.