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NAI Everest’s Erin Houge Brokers 19,817 Sale of Suburban St. Paul Retail Center

02/08/2016

NAI Everest’s Erin Houge Brokers 19,817 Sale of Suburban St. Paul Retail Center

 

MINNEAPOLIS, MN – January 20, 2016: NAI Everest’s Erin Houge successfully brokered the sale of a 19,817 square foot neighborhood retail center located in Mahtomedi, Minnesota known as Lincoln Square Shopping Center.  The asset, located at 3124 Century Avenue N, is located immediately off of Interstate 694, and was acquired by a local buyer who plans to lease and manage the property.

“There was strong demand for this retail asset from local, regional and national investors,” said Erin Houge. “Lincoln Square was attractive to many buyers, especially since the property has a diverse tenant mix as well as some vacancy to lease-up, which will ultimately add value.”

 

 

About NAI Everest

 

NAI Everest is a dynamic, full-service commercial real estate firm and is delighted to be the Twin Cities’ regional representative of NAI Global. NAI Global has more than 375 offices around the world and is the only managed network of commercial real estate firms spanning the globe.

Located in Minneapolis, Minnesota, NAI Everest is a rapidly growing, privately owned commercial real estate brokerage firm. We draw on our local knowledge and network of global relationships to provide world-class service to clients.

Our experienced team provides clients with fully integrated real estate solutions with local, regional, national and international capabilities. Facilitating millions of dollars in transactions each year in the Twin Cities and around the country, NAI Everest specializes in brokerage services, advisory services, equity sourcing, market analysis, project management and property management.

At NAI Everest, we focus on the long-term success of our clients. Through active listening to understand our clients’ needs, and by drawing upon our deep relationships and years of experience, we assist our clients in achieving their goals and objectives.

Our experienced professionals joined the NAI network to better serve clients by combining global capability with local expertise. Our clients come to us for the depth of our local knowledge and the power of our collaborative global network. Leveraging our long-term industry relationships and the NAI Global network, we strive to create connections to strategically assist clients with their commercial real estate needs.

In order to maximize client service, NAI Everest leverages the latest tools and technology, marketing vehicles, and research so our clients receive the absolute highest levels of exposure, representation, and service.

 

About NAI Global                                                                    

 

NAI Global is the single largest, most powerful global network of owner-operated commercial real estate brokerage firms. NAI Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. NAI Global Member firms, leaders in their local markets, are actively managed to work in unison and provide clients with exceptional solutions to their commercial real estate needs. Founded in 1978, today NAI Global has more than 375 offices strategically located throughout North America, Latin America, Europe and Asia Pacific, with over 6,700 local market professionals, managing over 380 million square feet of property. Supported by the central resources of the NAI Global network, Member firms deliver market-leading services locally and combine their in-market strengths to form a powerful bond of insights and execution for clients with multi-market challenges.

 

NAI Global was acquired in 2012 by C-III Capital Partners, a leading commercial real estate services company engaged in a broad range of activities, including primary and special loan servicing, loan origination, fund management, CDO management, principal investment, online capital markets, title services and multifamily property management. C-III’s principal place of business is located in New York, NY with additional offices in Irving, TX, Greenville, SC and Nashville, TN.          

 

To learn more, visit www.naiglobal.com.

 

Contact:            Gina Dingman  

                        612-424-7542

                        gdingman@naieverest.com

Source

NAI Global

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