{"id":1004649175,"date":"2023-03-03T08:03:53","date_gmt":"2023-03-03T16:03:53","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004649175"},"modified":"2023-03-03T08:03:55","modified_gmt":"2023-03-03T16:03:55","slug":"mvk-capital-jv-buys-minneapolis-area-shopping-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/mvk-capital-jv-buys-minneapolis-area-shopping-center\/","title":{"rendered":"MVK Capital JV Buys Minneapolis-Area Shopping Center"},"content":{"rendered":"
\"Cliff<\/a>

Cliff Lake Centre. Image courtesy of Mid-America Real Estate Corp.<\/em><\/p><\/div>\n

MVK Capital<\/strong> and True North Investments<\/strong> have purchased Cliff Lake Centre, a 74,182-square-foot retail center in Eagan, Minn. Mid-America Real Estate Corp.<\/strong> brokered the transaction on behalf of the seller, DRA Advisors<\/strong>.<\/p>\n

Shadow-anchored by Target and Cub Foods, the shopping center features a mix of local and national retailers including Dollar Tree, Snap Fitness, The UPS Store, Davanni\u2019s, H&R Block and Great Clips. The property previously traded for $420,000 back in 1999, CommercialEdge data shows.<\/p>\n

Cliff Lake Centre occupies a 14.8-acre site at 1960 Cliff Lake Road, in the North Dakota County submarket. The property is near the intersection of Interstate 35E and Route 77, in an area where the daily car traffic reaches nearly 94,000 vehicles. The retail center serves more than 65,000 residents within a 3-mile radius, having average household incomes of $111,000. Downtown Minneapolis is some 16 miles north.<\/span><\/p>\n

Mid-America Vice President Amy Senn and Principal Joe Girardi negotiated the deal on behalf of the seller. At the end of last year, the company represented PMAT Cos. in the sale of a 178,784-square-foot retail center<\/a> in Milwaukee through a 1031 exchange.<\/p>\n","protected":false},"excerpt":{"rendered":"

Mid-America Real Estate Corp. brokered the transaction on behalf of the seller.<\/p>\n","protected":false},"author":3014,"featured_media":1004649176,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,13,36076,21742,21749],"tags":[33919,36646],"class_list":["post-1004649175","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-midwest","category-minneapolis-st-paul","category-latest","category-retail","tag-dra-advisors-llc","tag-mid-america-real-estate-corporation"],"acf":[],"yoast_head":"\nMVK Capital JV Buys Minneapolis-Area Shopping Center - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"MVK Capital and True North Investments purchased Cliff Lake Centre, a 74,182-square-foot retail center in Eagan, Minn., from DRA Advisors.\" \/>\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\/mvk-capital-jv-buys-minneapolis-area-shopping-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MVK Capital JV Buys Minneapolis-Area Shopping Center\" \/>\n<meta property=\"og:description\" content=\"MVK Capital and True North Investments purchased Cliff Lake Centre, a 74,182-square-foot retail center in Eagan, Minn., from DRA Advisors.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/mvk-capital-jv-buys-minneapolis-area-shopping-center\/\" \/>\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=\"2023-03-03T16:03:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-03T16:03:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/Cliff-Lake-Centre.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"768\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Diana Firtea\" \/>\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\/mvk-capital-jv-buys-minneapolis-area-shopping-center\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/mvk-capital-jv-buys-minneapolis-area-shopping-center\/\",\"name\":\"MVK Capital JV Buys Minneapolis-Area Shopping Center - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mvk-capital-jv-buys-minneapolis-area-shopping-center\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mvk-capital-jv-buys-minneapolis-area-shopping-center\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/Cliff-Lake-Centre.jpg\",\"datePublished\":\"2023-03-03T16:03:53+00:00\",\"dateModified\":\"2023-03-03T16:03:55+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a0c04b9de1387474e28c9ebdb0444e59\"},\"description\":\"MVK Capital and True North Investments purchased Cliff Lake Centre, a 74,182-square-foot retail center in Eagan, Minn., from DRA Advisors.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mvk-capital-jv-buys-minneapolis-area-shopping-center\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/mvk-capital-jv-buys-minneapolis-area-shopping-center\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mvk-capital-jv-buys-minneapolis-area-shopping-center\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/Cliff-Lake-Centre.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/Cliff-Lake-Centre.jpg\",\"width\":1024,\"height\":768,\"caption\":\"Cliff Lake Centre. Image courtesy of Mid-America Real Estate Corporation\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mvk-capital-jv-buys-minneapolis-area-shopping-center\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"MVK Capital JV Buys Minneapolis-Area Shopping Center\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a0c04b9de1387474e28c9ebdb0444e59\",\"name\":\"Diana Firtea\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/DianaFirtea_AuthorPhoto.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/DianaFirtea_AuthorPhoto.jpg?w=96\",\"caption\":\"Diana Firtea\"},\"description\":\"Diana Firtea is an associate editor with Commercial Property Executive and Multi-Housing News. She has been with the company for almost four years and joined the CPE-MHN team in 2022. Diana writes stories on different topics, mainly focusing on the affordable, senior, office and retail markets. You can reach out to her at diana.firtea@cpe-mhn.com.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/diana-firtea\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"MVK Capital JV Buys Minneapolis-Area Shopping Center - Commercial Property Executive","description":"MVK Capital and True North Investments purchased Cliff Lake Centre, a 74,182-square-foot retail center in Eagan, Minn., from DRA Advisors.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/mvk-capital-jv-buys-minneapolis-area-shopping-center\/","og_locale":"en_US","og_type":"article","og_title":"MVK Capital JV Buys Minneapolis-Area Shopping Center","og_description":"MVK Capital and True North Investments purchased Cliff Lake Centre, a 74,182-square-foot retail center in Eagan, Minn., from DRA Advisors.","og_url":"https:\/\/www.commercialsearch.com\/news\/mvk-capital-jv-buys-minneapolis-area-shopping-center\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2023-03-03T16:03:53+00:00","article_modified_time":"2023-03-03T16:03:55+00:00","og_image":[{"width":1024,"height":768,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/Cliff-Lake-Centre.jpg","type":"image\/jpeg"}],"author":"Diana Firtea","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/mvk-capital-jv-buys-minneapolis-area-shopping-center\/","url":"https:\/\/www.commercialsearch.com\/news\/mvk-capital-jv-buys-minneapolis-area-shopping-center\/","name":"MVK Capital JV Buys Minneapolis-Area Shopping Center - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/mvk-capital-jv-buys-minneapolis-area-shopping-center\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/mvk-capital-jv-buys-minneapolis-area-shopping-center\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/Cliff-Lake-Centre.jpg","datePublished":"2023-03-03T16:03:53+00:00","dateModified":"2023-03-03T16:03:55+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a0c04b9de1387474e28c9ebdb0444e59"},"description":"MVK Capital and True North Investments purchased Cliff Lake Centre, a 74,182-square-foot retail center in Eagan, Minn., from DRA Advisors.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/mvk-capital-jv-buys-minneapolis-area-shopping-center\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/mvk-capital-jv-buys-minneapolis-area-shopping-center\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/mvk-capital-jv-buys-minneapolis-area-shopping-center\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/Cliff-Lake-Centre.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/Cliff-Lake-Centre.jpg","width":1024,"height":768,"caption":"Cliff Lake Centre. Image courtesy of Mid-America Real Estate Corporation"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/mvk-capital-jv-buys-minneapolis-area-shopping-center\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"MVK Capital JV Buys Minneapolis-Area Shopping Center"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a0c04b9de1387474e28c9ebdb0444e59","name":"Diana Firtea","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/DianaFirtea_AuthorPhoto.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/DianaFirtea_AuthorPhoto.jpg?w=96","caption":"Diana Firtea"},"description":"Diana Firtea is an associate editor with Commercial Property Executive and Multi-Housing News. She has been with the company for almost four years and joined the CPE-MHN team in 2022. Diana writes stories on different topics, mainly focusing on the affordable, senior, office and retail markets. You can reach out to her at diana.firtea@cpe-mhn.com.","url":"https:\/\/www.commercialsearch.com\/news\/author\/diana-firtea\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/Cliff-Lake-Centre.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004649175","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/3014"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004649175"}],"version-history":[{"count":6,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004649175\/revisions"}],"predecessor-version":[{"id":1004649506,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004649175\/revisions\/1004649506"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004649176"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004649175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004649175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004649175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}