Viking Expands in the Midwest

The company purchased Market at Morse in Ohio and Timbercrest at Lakeville in Minnesota. Both shopping centers have leasable space available.
Timbercrest at Lakeville
Timbercrest at Lakeville

Viking Partners Fund III has acquired two retail properties—one in the eastern suburbs of Columbus, Ohio, and the other in southern suburban Minneapolis. The shopping centers have a combined surface area of more than 93,000 square feet.

Market at Morse is a 33,827-square-foot retail asset located at the intersection of Hamilton and Morse roads in Columbus. The property features three freestanding restaurants—Starbucks, Raising Cane’s and Bob Evans—totaling almost 11,000 square feet.

Located in Lakeville, Minn., Timbercrest at Lakeville is at the junction between Interstate 35 and 185th Street. Marshalls anchors and Super Target shadow anchors the 59,269-square-foot shopping center, which is part of a larger development that incorporates restaurants, retail space and medical offices.

“Market at Morse provides Viking with the opportunity to create additional value through the lease of 6,200 square feet of existing available space and we are currently in negotiations with a well-recognized national retailer to lease 20,000 square feet of the 26,000 square feet of available space at Timbercrest,” said Bret Caller, principal with Viking Partners, in a prepared statement.

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