Pine Tree Commercial Realty buys 221,000-square-foot shopping center in Minneapolis suburb.

Northbrook 3 based Pine Tree Commercial Realty, acquired the Village of Blaine Shopping Center in Minn in partnership with the Boston based Davis Companies.

Located in the affluent Minneapolis suburb of Blaine and anchored by the 70,643 square-foot Cub Foods, the 221,239 square foot shopping center represents the 74th property developed or acquired by Pine Trees in its 20 years of business.

The property was acquired from Bentall Kennedy and brokered by Janice Sellis and Paul Barile of Transwestern.

Financing was originated by Cindy Erickson and arranged by Bill Barry of Draper and Kramer for Well Fargo’s Chicago office.

Along with 8 other properties located across 6 states, the recent Village of Blaine acquisition brings the total Pine-Tree related partnership investments to $245 million during the past 16 months.
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