{"id":1004128123,"date":"2015-09-24T11:29:52","date_gmt":"2015-09-24T19:29:52","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=361414"},"modified":"2020-05-18T05:35:12","modified_gmt":"2020-05-18T13:35:12","slug":"twin-cities-lure-reit-sponsor-from-fargo","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/twin-cities-lure-reit-sponsor-from-fargo\/","title":{"rendered":"Twin Cities Lure REIT Sponsor from Fargo"},"content":{"rendered":"<p><em>By Ioana Neamt, Associate Editor<\/em><\/p>\n<div id=\"attachment_361415\" class=\"wp-caption alignright\" style=\"width: 160px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/09\/Eagle-Point.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-thumbnail wp-image-361415\" title=\"Eagle Point Business Park\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/09\/Eagle-Point.jpg\" alt=\"Eagle Point Business Park\" width=\"150\" height=\"150\" \/><\/a><\/p>\n<p class=\"wp-caption-text\"><em>Eagle Point Business Park<\/em><\/p>\n<\/div>\n<p><a href=\"https:\/\/www.dakotareit.com\/\" rel=\"nofollow\" >Dakota REIT<\/a> is expanding its Twin Cities footprint. Over the past nine months, the Fargo, N.D.-based sponsor of non-traded vehicles has acquired three buildings totaling 115,000 square feet in the Minneapolis-St. Paul area, with the help of <a href=\"https:\/\/www.cushwakenm.com\/Pages\/default.aspx\" rel=\"nofollow\" >Cushman &amp; Wakefield | NorthMarq<\/a>.<\/p>\n<p>The acquisitions mark the first ventures into the market for Dakota, which has more than $300 million in commercial real estate holdings.<\/p>\n<p>At Eagle Point Business Park in Lake Elmo, Dakota has purchased two properties: Eagle Point Business Center II, a single-story, 30,000-square-foot office building, and its neighbor, the 40,000-square-foot Eagle Point Business Center III.<\/p>\n<p>Eagle Point Business Park is a 121-acre, master-planned office located near downtown Minneapolis, downtown St. Paul, the MSP International Airport, and the Mall of America. The park offers easy access to I-94 and I-494\/694. In Plymouth, the REIT acquired Plymouth 6-61, a 45,000-square-foot industrial property.<\/p>\n<p>Cushman &amp; Wakefield | NorthMarq Capital Markets Group secured the three purchases on behalf of Dakota REIT, through a team consisting of Scott Pollock, Terry Kingston, Tom O\u2019Brien and Avery Ticer. The company will provide property management, accounting, engineering and leasing services for the three properties.<\/p>\n<p><em>Image courtesy of Cushman &amp; Wakefield | NorthMarq<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dakota REIT is expanding its portfolio in the Twin Cities, with the help of Cushman &amp; Wakefield | NorthMarq.<\/p>\n","protected":false},"author":192,"featured_media":0,"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":[682],"class_list":["post-1004128123","post","type-post","status-publish","format-standard","hentry","category-minneapolis-st-paul","category-latest","tag-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Twin Cities Lure REIT Sponsor from Fargo - 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\/twin-cities-lure-reit-sponsor-from-fargo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Twin Cities Lure REIT Sponsor from Fargo\" \/>\n<meta property=\"og:description\" content=\"Dakota REIT is expanding its portfolio in the Twin Cities, with the help of Cushman &amp; 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