Coldwell Banker Commercial Griffin Companies Announces $1,300,000, 10,584 sq. ft. Transaction

(Minneapolis, MN, 12/17/2014) – Bob Bayer and Dale Severson of Coldwell Banker Commercial Griffin Companies represented the seller in the sale of Otsego Retail Center located at 15704 90th Street NE, Otsego, MN. The value of the transaction was $1,300,000.

Over the last two years, Bayer and Severson leased-up the once vacantOtsegoRetailCenterbuilding with 10 year leases beginning at $12 per square foot net rents, and then facilitated the sale of the property for the seller.  The property was sold to an investor.

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Originating in 1969 as Griffin Companies, our company has provided exceptional services to clients throughout the Twin Cities area, as well as nationally and internationally. In May 2008 Griffin Companies became an affiliate of Coldwell Banker Commercial. This affiliation added additional depth to our services through the reach and resources of over 220 offices and 2,800 professionals worldwide. Today, we remain an independently owned and operated business with the ability to respond quickly to our client’s local and global needs. Coldwell Banker Commercial Griffin Companies provides a team of commercial real estate professionals who offer the highest level of experience and motivation to perform for you, the client. Each new assignment is viewed as a new “relationship opportunity” and not as a “transaction opportunity” which is a significant point of differentiation.
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