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Latest Bremer Bank News
May 2, 2023
An Ottertail investor has paid $2.95 million for this fully leased, 75,550-square-foot multitenant warehouse at 1020 Town Road in Montevideo. (Submitted photo: CBRE) Just Sold: Montevideo warehouse sells for $2.95M An Ottertail investor has paid $2.95 million for this fully leased, 75,550-square-foot multitenant warehouse at 1020 Town Road in Montevideo. (Submitted photo: CBRE) Just Sold: Montevideo warehouse sells for $2.95M Editor’s note: “Just Sold” is a Finance & Commerce feature based on the newest certificates of real estate value filed with the Minnesota Department of Revenue for commercial sales throughout Minnesota and reports of sales across the country involving local parties. Research includes company and broker documents, online real estate listings, F&C archives, Catalyst and other research. A fully leased, 75,550-square-foot Class B industrial building in Montevideo has been sold to an Ottertail investor for $2.95 million. DH Capital LLC in Ottertail closed April 21 on the acquisition of the 19-acre property at 1020 Town Road from Swift Properties Group LLP in Montevideo. The property was listed for $3.235 million. The sale price works out to $39.05 per square foot. The multitenant warehouse was built in 1968. The one-story building includes three dock doors and 29 grade-level doors. Tenants include M.A.A.C., an asbestos abatement company; Royal Tire, a commercial tire dealer, and Valley Manufacturing, a maker of fish house frames. Andy Lubinski, executive vice president, Justin Felix, transaction manager, and Aaron Whitmore, associate, all with CBRE, represented the seller. Montevideo is a city of about 5,300 people 130 miles west of the Twin Cities. Place: 1020 Town Road, Montevideo Price: $2.95 million; no down payment listed; new mortgage; $39.05 per square foot Buyer: DH Capital LLC, Ottertail Seller: Swift Properties Group LLP, Montevideo Date: 4-24-23 Bremer Bank buys new branch from developer St. Paul-based Bremer Bank has paid an entity of Eden Prairie-based Interstate Development $3.8 million for its newly completed 6,000-square-foot branch in St. Anthony Village. Bremer closed April 21 on the acquisition of the building at 2654 Kenzie Terrace NE, which once was the site of a bowling alley. The sale price works out to $634.57 per square foot. Minneapolis-based DJR Architecture designed the new bank building with an open floor plan and brick exterior finishes. Bremer and Interstate have partnered on the new branch and two related projects in St. Anthony. Opening the new location allows Bremer to close its 22-year-old branch a half-mile away at 1204 Lowry Ave. NE. Bremer and Interstate are partnering to redevelop that site as a 76-unit apartment project. The third project involves a small piece of bank land along Kenzie Terrace that is being redeveloped into a southern gateway entrance monument. Place: 2654 Kenzie Terrace, St. Anthony Price: $3,807,396; cash; $634.57 per square foot Buyer: Bremer Bank, N.A Date: 4-21-23 By signing up you agree to our
Bremer Bank Frequently Asked Questions (FAQ)
When was Bremer Bank founded?
Bremer Bank was founded in 1943.
Where is Bremer Bank's headquarters?
Bremer Bank's headquarters is located at 380 St. Peter Street, Saint Paul.
Who are Bremer Bank's competitors?
Competitors of Bremer Bank include Everett Co-operative Bank and 4 more.
Compare Bremer Bank to Competitors
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People's Alliance Federal Credit Union (PAFCU) is a financial institution. It offers services such as home banking, savings accounts, master cards, checking accounts, and more. It offers loan services such as auto loans, home equity loans, educational loans, and vacation loans. PAFCU was founded in 1940 and is based in Hauppauge, New York.
FB Financial Corp is a bank holding company, headquartered in Nashville, Tennessee. Its wholly-owned bank subsidiary, FirstBank, is the third largest Tennessee-headquartered bank, based on total assets. FirstBank provides a comprehensive suite of commercial and consumer banking services to clients in select markets in Tennessee, North Alabama and North Georgia. FB Financial Corp's footprint includes 45 full-service bank branches serving the Tennessee metropolitan markets of Nashville, Chattanooga, Knoxville, Memphis, Jackson, and Huntsville (AL) in addition to 12 community markets. FirstBank also provides mortgage banking services utilizing its bank branch network and mortgage banking offices strategically located throughout the southeastern United States in addition to a national internet delivery channel.
Liberty National Bank (OTCMKTS: LBSI) provides banking and financial services for businesses and individuals. It offers personal banking, business banking, mortgages, financial planning, and more. The company was founded in 1893 and is based in Kenton, Ohio.
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