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International Market Square Trades for $28M

MINNEAPOLIS-The 301,000-sf mixed-use property is 98% leased.

By Danielle Anderson | Updated on January 16, 2007

(For more retail coverage, click GlobeSt.com/RETAIL.)

MINNEAPOLIS-Geneva Exchange Inc. has purchased International Market Square, a 301,000-sf mixed-use office and retail property, for $27.6 million. The seller was Market Square Real Estate Inc., an investment group led by Mark Reiling, a principal in Colliers Turley Martin Tucker’s Minneapolis office.

Dawn Campbell, Geneva’s executive vice president of sales and marketing, says the unique property is a good fit for Geneva’s portfolio, which comprises stable assets primarily located in the upper Midwest. International Market Square, which was redeveloped into a design center in the mid-80s, is currently 98% leased to a mix of interior designers and decorators, architects, builder/contractors and developers.

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