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Tuesday, January 06, 2009
Retail

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8/21/2007Principal Financial Group nets $15.84 million on Minnesota shopping center
by  | | Normandale Village Community Center |
The Principal Financial Group sold the 142,000 square foot Normandale Village Community Center in Bloomington, Minn., to MLG Capital for $15.84 million on Aug. 21. MLG handled the transaction in-house while Eric Bjelland of ONCOR International represented Principal Financial. Located at 5101-5159 W. 98th St, in Bloomingdale, the Normandale shopping center consists of one main building and three outparcels. The property was 90 percent leased at the time of sale with current tenants including Snyder Drug Stores, US Bank, Famous Dave's and Bentley's Outfitters. The shopping center was built in 1974 and remodeled in 1989. The Principal Financial Group is a global financial services company. MLG Capital is a Wisconsin commercial real estate investment company with offices in Milwaukee, Madison and Fox Valley. The company specializes in the ownership and management of businesses parks, retail centers, office space and industrial facilities Address: 5101-5159 W. 98th St. in Bloomington, Minn. Size: 142,000 square feet Built: 1974 Filed Under: Retail | | |
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