Pine Tree Realty Adds Shopping Center in Minnesota

A Northbrook-based real estate company has acquired a shopping center in suburban Minneapolis.

Pine Tree Commercial Realty, LLC recently announced they have added the Village of Blaine shopping center in partnership with The Davis Companies, a Boston-based company.

The 200,000+ square-foot shopping center in the affluent suburb of Blaine includes a Cub Foods store and is the 74th property acquired by Pine Tree.

Along with eight other properties located across six states, the recent Village of Blaine acquisition brings total Pine Tree-affiliated partnership investments over the past 16 months to $245 million.

“Since 1995 we’ve been building the best team in the industry,” said Peter Borzak, Principal and Co-Founder of Pine Tree. “We are vertically-integrated and experienced across the risk spectrum from ground-up development, re-development and value-add to stable core acquisitions, our team has a full complement of skills to address any issue over the life of a shopping center.”