Northmarq completes $14,620,000 acquisition financing on three properties for Capital Partners

Three Office/Warehouse Properties

Debt & Equity

Multi-Tenant

MINNEAPOLIS, MINNESOTA (February 8, 2022) – Bill Mork, vice president of Northmarq’s Minneapolis office secured acquisition financing totaling $14,617,000 for three office/warehouse properties located in the Golden Triangle district of Eden Prairie, Minnesota. The two separate permanent-fixed loans were arranged for the Buyer, Edina-based Capital Partners. Capital Partners enjoys a growing presence in the Twin Cities’ industrial market, with over 10 million SF under ownership.

Douglas and Aludec Buildings: The two office/warehouse properties consist of a combined 118,735 sq. ft. and are located at 9650 Valley View Road and 7180 Washington Avenue South in Eden Prairie, Minnesota. Northmarq arranged acquisition financing of $7,650,000 for the two properties. The permanent-fixed loan was secured for the Borrower through the company’s relationship with a regional bank.

“We were able to negotiate the best combination of rate, interest-only payments and recourse with no escrow for the upcoming lease expirations. This was a very competitive deal and will be a great addition to Capital Partners portfolio,” noted Mork.

Suddath & Truck Fleet Buildings: The two office/warehouse buildings contain a combined 112,297 sq. ft. and are located at 7100 – 7140 Washington Avenue South in Eden Prairie, Minnesota. Northmarq arranged acquisition financing of $6,970,000 for the two buildings. The permanent-fixed loan was secured for the Borrower through Northmarq’s relationship with a regional bank.

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About Northmarq

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.