Viking Takes Three Midwest Retail Centers

CINCINNATI—Viking Partners LLC, a private equity real estate investment firm based here, has acquired three shopping centers as part of its Fund II portfolio for an undisclosed amount.

The properties include the 28,289-sq.-ft. Kensington Park in Minneapolis, the 59,782-sq.ft. Indian Creek Commons in Indianapolis and the 77,249-sq.ft. Mid Oak Shopping Plaza in Midlothian, Ill. Viking acquired fee simple ownership of Kensington and Indian Creek, and acquired a non-performing loan secured by Mid Oak with a clear path to fee simple title through an in-place Deed-In-Lieu agreement.

The portfolio has now acquired a total of eight shopping center properties since inception. “Our pipeline is robust and we are continuing to see a high level of relevant opportunities and do not anticipate any slowdown in activity in the foreseeable future.” said Steven Miller, a Viking partner, in a statement. The company focuses on bank-owned properties, short sales, distress, mortgage note purchases and recapitalization of overleveraged properties in the Midwest and South with a transaction range of $2 million to $25 million.

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.