Coldwell Banker Commercial Griffin Companies Announces $850,000, 12,694 SF Transaction

(Minneapolis, MN, 5/19/2015) –   The Coldwell Banker Commercial Griffin Special Assets & Retail Team of Dale Severson and Bob Bayer successfully completed the sale and closing of 1208 East 66th Street Strip Shopping Center in Richfield that included a nationally recognized Vet Clinic as a tenant.  The property is located within the highly visible re-development corridor on 66th Street in Richfield.  This was a 12,694 SF retail shopping strip center with significant opportunity for the investor/buyer to increase its value by leasing up to full vacancy with new tenants. By working with the CBC Griffin Special Assets & Retail Team’s vast investor/buyer relationships, they diligently represented their bank client through the management and ultimate sale of the property that maximized the sale price for their client while providing a sound investment property for the buyer.  Most importantly, the CBC Team of Severson and Bayer achieved a multiple offer opportunity for the seller/owner to select the final buyer/offer and terms that matched their requirements best.

**NOTE: Both Mr. Severson and Mr. Bayer achieved National Award level recognition with CBC Worldwide for their closing revenues success in 2014 and are on track to surpass their 2014 performance in 2015.  Their dedication and accountability to their respective clients is second to none in the industry while representing banks, attorneys, cities, property owners and investors throughout Minnesota and Wisconsin. Their contact information is dseverson@cbcgriffin.com and rbayer@cbcgriffin.com for further information and further inquiry for their services for you or your clients.

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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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