MINNEAPOLIS, Minn. (April 16, 2009) — NorthMarq announces the following industrial real estate transactions completed in March.
PPI Technologies signs lease for 20,132 sq. ft. at Enterprise Corporate Center I
PPI Technologies has signed a lease for 20,132 sq. ft. at Enterprise Corporate Center I, a multi-tenant office/warehouse facility in Mendota Heights, Minn. Tom Sullivan of NorthMarq represented PPI Technologies, while Tony DelDotto, also of NorthMarq represented owner United Properties.
Kagel Acquisition Company purchases car dealership site
NorthMarq Associate Tom Sullivan recently represented Kagel Acquisition Company in its purchase of a car dealership site in Brooklyn Center, Minn. The purchase includes a 32,097-sq.-ft. building on a 4.48 acre parcel. Located at 6121 Brooklyn Blvd., the site will continue to operate as a car dealership. Chrysler Realty Company, owner of the site, was represented by Brian Pankratz of CB Richard Ellis.
Ramsey Land Company purchases office/warehouse building
Last month NorthMarq represented Ramsey Land Company LLC is its purchase of 15,000-sq.-ft. office/warehouse building in Ramsey, Minn. Located on a 4.58 acre parcel at 9550 156th Avenue NW, the property was sold by Kinipeli Properties. Associate Tom Sullivan represented Ramsey Land Company LLC, while Kinipeli Properties was represented by Marty Fisher of Premier Commercial Properties.
NorthMarq offers a full range of commercial real estate solutions from its headquarters in Minneapolis, Minn. NorthMarq Real Estate Services provides brokerage, property management, tenant representation and healthcare advisory services to investors and space users in the Minneapolis/St. Paul market. It is a member of ChainLinks Retail Advisors. NorthMarq Corporate Solutions works nationally with mid-sized corporate users to manage their real estate needs. The NorthMarq Capital group offers commercial real estate investment banking, investment services, real estate debt and equity financing, and commercial loan servicing in 30 offices coast-to-coast, with an average of $10 billion in annual production volume and services a loan portfolio of more than $37 billion. For more information, please visit www.northmarq.com