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BLAINE, MINN. — Austin-based World Class Capital Group, a private equity firm focused on distressed debt acquisitions, has taken ownership of Northtown Village, a 184,113-square-foot retail center in Blaine. World Class acquired the $19 million defaulted mortgage from a special servicer, completed the foreclosure process and is now the fee-simple owner of the property. Northtown is about 40 percent occupied following the departure of multiple big-box tenants, including Bed Bath & Beyond and Office Depot. It is currently occupied by Michael's and Hancock Fabrics.