Experience
Eric Bjelland is the Chief Manager of Midwest Retail Ventures, LLC. His experience includes:
- 25 Years in the Investment Sales/Capital Markets with CBRE (1988-2003) and United Property/Cushman Wakefield/Northmarq (2003-2014); “Retiring” in 2014 as Executive Director – Capital Markets - Retail Assets.
- Sold over 100 investment properties with approximately $2Bl in Value
- Completed transaction for multiple REIT’s, Pension Fund Advisors, Insurance Companies and Private Investors.
- Syndicated 4 retail centers and 1 industrial property (latter has been sold)
- Acquired from a REIT, Insurance Company, Pension Fund Advisor and Private Party
- Used Bank, Conduit and Life Insurance Company Debt
- Acquired via Fee Simple and TIC structure
- 25+ Tenants – Negotiated leases, Replaced tenants
- Renovated Buildings, Refinanced Assets, Negotiated Condemnation Awards
- Past Board Member and Treasurer of Minnesota Shopping Center Association
- Speaker on Retail Investment Market for MSCA, NAIOP, CCIM and Appraisal Institute
Sample of Retail Investment Properties Sold
| Number of Deals |
100+ |
| Total Investment |
Approximately $2 Billion |
| Largest SF |
The Galleria in Edina, MN |
| Smallest SF |
Lamplighter Square in Golden Valley, MN |
| Sold Most Times (3) |
Ridgehaven Shopping Center, Minnetonka, MN
Apple Valley Square, Apple Valley, MN |
| Other States |
Cherry Point Mall in Sturgeon Bay, WI
Grand Cities Mall in Grand Forks, ND
Westwood Mall in Cedar Rapids, IA
|
| Most Complex |
The Galleria in Edina, MN |
