Market Notes Vol. 6

Nov 5, 2016

MNCAR Recognizes TaTonka’s Michael Foods Purchase as the Industrial Transaction of the Year

The Minnesota Commercial Association of Realtors recently recognized Michael Foods’ 230,000 SF industrial purchase in Chaska as the most significant industrial transaction of the year. After a search of the Twin Cities metro area, Greater Minnesota and Wisconsin, Minneapolis-based TaTonka Real Estate Advisors found the right building for food processor Michael Foods Inc. in Chaska. However, the building wasn’t on the market and already had a tenant. By thinking outside of the box, TaTonka Real Estate Advisors negotiated a buyout with the existing tenant, allowing the proceeds of termination to be applied to the purchase price and giving Michael Foods the opportunity to buy a building they could fully occupy. Michael Foods will relocate this summer from its former facility near the University of Minnesota campus.

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