{"id":1004085896,"date":"2013-10-26T21:14:03","date_gmt":"2013-10-27T05:14:03","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=205065"},"modified":"2020-05-11T23:58:30","modified_gmt":"2020-05-12T07:58:30","slug":"eden-prairie-center-acquired-by-cypress-equities","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/eden-prairie-center-acquired-by-cypress-equities\/","title":{"rendered":"Eden Prairie Center Acquired by Cypress Equities"},"content":{"rendered":"

By Gabriel Circiog, Associate Editor<\/em><\/p>\n

Dallas-based Cypress Equities recently announced the acquisition of the 1.1 million-square-foot Eden Prairie Center by a fund managed by its real estate investment management group. The fund has acquired more than 300 million of retail properties to date this year.\"\"<\/a><\/p>\n

Located in an upscale suburb of Minneapolis, the two-level, enclosed shopping center opened in 1976 and has served the southwest suburbs of the Twin Cities. It was completely renovated and expanded in 2001 and now attracts more than 12 million shoppers annually. Anchored by Von Maur, Target, Kohl\u2019s, JC Penney and Sears, the mall features more than 100 shops and restaurants. The property also has an entertainment wing that features an 18-screen AMC Theatres, Wildfire Steaks, Barnes & Noble Booksellers, Biaggi\u2019s Ristorante Italiano and the new Prairie Tap House that opened on Oct. 11.<\/p>\n

Todd Minnis, managing partner & CIO of the real estate investment management division of Cypress Equities, in a statement said it was “attracted to the asset based on the strong economic profile of the region and the continued growth in the southwest communities of the greater Minneapolis-St. Paul market.\u201d<\/p>\n

Eden Prairie was ranked third on Money<\/em> magazine\u2019s \u201cBest Places to Live\u201d in 2012, having previously occupied the top spot in 2010. Cypress Equities was assisted with the acquisition by Matthew Friday, senior vice president & market leader for SRS Real Estate Partners in Minneapolis.<\/p>\n

\u201cThe acquisition of Eden Prairie Center is another great step in Cypress\u2019 plans to develop, acquire and manage new and more diverse retail commercial properties throughout the country,\u201d added Chris Maguire, CEO of Cypress Equities and SRS Real Estate Partners. \u201cHaving announced the addition of more than a half dozen new retailers in 2013, Eden Prairie Center is an excellent addition to our portfolio of first-class retail properties.\u201d<\/p>\n

For more market data about Minneapolis, click here<\/a><\/strong>.<\/p>\n

Photo Courtesy of Eden Prairie Center via Facebook: www.facebook.com\/EdenPrairieCenter<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Dallas-based Cypress Equities recently announced the acquisition of the 1.1-million-square-foot Eden Prairie Center. The transaction was acquired by a fund managed by Cypress’ real estate investment management group which has acquired over $300 million of retail properties in 2013.<\/p>\n","protected":false},"author":264,"featured_media":1004505817,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[36076,21742],"tags":[1815],"class_list":["post-1004085896","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-minneapolis-st-paul","category-latest","tag-national"],"acf":[],"yoast_head":"\nEden Prairie Center Acquired by Cypress Equities - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/eden-prairie-center-acquired-by-cypress-equities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Eden Prairie Center Acquired by Cypress Equities\" \/>\n<meta property=\"og:description\" content=\"Dallas-based Cypress Equities recently announced the acquisition of the 1.1-million-square-foot Eden Prairie Center. The transaction was acquired by a fund managed by Cypress’ real estate investment management group which has acquired over $300 million of retail properties in 2013.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/eden-prairie-center-acquired-by-cypress-equities\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-10-27T05:14:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-12T07:58:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Eden-Prairie-Center.jpg?w=1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gabriel Circiog\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/eden-prairie-center-acquired-by-cypress-equities\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/eden-prairie-center-acquired-by-cypress-equities\\\/\"},\"author\":{\"name\":\"Gabriel Circiog\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/dc807179924e7fea3aeab259237f45a5\"},\"headline\":\"Eden Prairie Center Acquired by Cypress Equities\",\"datePublished\":\"2013-10-27T05:14:03+00:00\",\"dateModified\":\"2020-05-12T07:58:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/eden-prairie-center-acquired-by-cypress-equities\\\/\"},\"wordCount\":321,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/eden-prairie-center-acquired-by-cypress-equities\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/Eden-Prairie-Center.jpg\",\"keywords\":[\"National\"],\"articleSection\":[\"Minneapolis-St Paul\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/eden-prairie-center-acquired-by-cypress-equities\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/eden-prairie-center-acquired-by-cypress-equities\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/eden-prairie-center-acquired-by-cypress-equities\\\/\",\"name\":\"Eden Prairie Center Acquired by Cypress Equities - 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