Minneapolis/St. Paul Business Journal Phillips Edison & Co. has paid $69 million, or $347.23/sf, for Centennial Lakes Plaza, a 198,717-square-foot retail center in Edina, Minn. The Cincinnati REIT purchased the property from a limited liability company that shares an address ...
JLL Capital Markets has originated a $67 million Fannie Mae mortgage against Nolan Mains, a 100-unit apartment property in the Minneapolis suburb of Edina, Minn. The loan, written under Fannie's Delegated Underwriting and Servicing program, will be serviced by JLL ...
100 percent and 90 percent occupied, respectively.
82 percent occupied.
95 percent occupied.
Hines funded the purchase with proceeds from its stock offering and a $65.5 million mortgage provided by Allianz Life Insurance Co. of North America. The loan matures in August 2019 and has an interest rate of 3.5 percent.