$125 MILLION LOAN PROVIDED FOR IDS CENTER IN MINNEAPOLIS

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MINNEAPOLIS — Wells Fargo & Co. has provided a $125 million senior secured loan to refinance the IDS Center. Located in downtown Minneapolis, the property offers 1.38 million square feet of Class A office space. The borrowers are Inland American Real Estate Trust and its majority owned and consolidated Florida-based Minto Builders subsidiary. Scott Solis and Michael Svets of Real Estate Banking Group’s Chicago office originated the loan.

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