{"id":1004201681,"date":"2017-12-28T02:03:59","date_gmt":"2017-12-28T10:03:59","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004201681"},"modified":"2022-12-08T10:03:56","modified_gmt":"2022-12-08T18:03:56","slug":"northpond-partners-acquires-2-minneapolis-mixed-use-assets","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/northpond-partners-acquires-2-minneapolis-mixed-use-assets\/","title":{"rendered":"Northpond Partners Acquires 2 Minneapolis Mixed-Use Assets"},"content":{"rendered":"

By Roxana Baiceanu<\/p>\n

\"945<\/a>

945 Broadway St. N.E., Minneapolis<\/p><\/div>\n

Chicago-based Northpond Partners has acquired The Broadway and Icehouse Plaza, two Minneapolis mixed-use assets that were part of developer First & First\u2019s creative real estate portfolio. The buildings incorporate a total of 95,895 square feet of office, retail and residential space and are 98 percent leased. A team of CBRE brokers negotiated the transaction on behalf of the seller.<\/p>\n

The Broadway is located at 945 Broadway St. N.E. and is home to businesses such as Spyhouse Coffee, 612Brew and CorePower Yoga. The two-story, 56,156-square-foot building was originally completed in 1922 and renovated in 2013. The project illustrates a growing trend in the Twin Cities\u2014that of repositioning\u00a0Minneapolis historical assets<\/a>.\u00a0<\/p>\n

\"2550<\/a>

2550 and 2548 Nicollet Ave. S., Minneapolis<\/p><\/div>\n

Icehouse Plaza comprises two office and retail buildings at 2550 and 2548 Nicollet Ave. S. Aside from the 39,739 square feet of leasable commercial space, the site also incorporates a residential sector comprising 13 units and an outdoor plaza. The property was renovated in 2011 and is\u00a0occupied\u00a0by Icehouse, Eat Street Social, Black Sheep Pizza and Vertical Endeavors, a fitness center.<\/p>\n

Senior Vice Presidents Ryan Watts and Judd Welliver, First Vice President Sonja Dusil and Executive Vice President Tom Holtz of CBRE\u2019s Minneapolis office represented First & First in the transaction.<\/p>\n

Images courtesy of CBRE<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The buildings were part of First & First creative real estate portfolio and encompass a total of 95,895 square feet of office, retail and residential space<\/p>\n","protected":false},"author":1064,"featured_media":1004201684,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,13,36076,21752,21742],"tags":[32789,38693],"class_list":["post-1004201681","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-midwest","category-minneapolis-st-paul","category-mixed-use","category-latest","tag-cbre","tag-first-first"],"acf":[],"yoast_head":"\nNorthpond Partners Acquires 2 Minneapolis Mixed-Use Assets - 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\/northpond-partners-acquires-2-minneapolis-mixed-use-assets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Northpond Partners Acquires 2 Minneapolis Mixed-Use Assets\" \/>\n<meta property=\"og:description\" content=\"The buildings were part of First & First creative real estate portfolio and encompass a total of 95,895 square feet of office, retail and residential space\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/northpond-partners-acquires-2-minneapolis-mixed-use-assets\/\" \/>\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=\"2017-12-28T10:03:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T18:03:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/945-Broadway-St.-N.E.-Minneapolis.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/northpond-partners-acquires-2-minneapolis-mixed-use-assets\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/northpond-partners-acquires-2-minneapolis-mixed-use-assets\/\",\"name\":\"Northpond Partners Acquires 2 Minneapolis Mixed-Use Assets - 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