$13 MILLION LOAN ARRANGED FOR MINNESOTA OFFICE PROPERTY

EDINA, MINN. — NorthMarq Capital’s Minneapolis office has arranged a $13 million first mortgage for Centennial Lakes IV in Edina. Located within a 100-acre mixed-use development, the property offers 215,790 square feet of Class A office space. Financing was based on a 10-year term with a 25-year amortization schedule. NorthMarq’s Patrick Minea originated the loan through the company’s correspondent relationship with Minnesota Life Insurance Co.