SOURCE: Waba Financial

June 24, 2010 12:48 ET

Waba Financial Announces the Purchase of Bluff Country Center in Eden Prarie

EDEN PRAIRIE, MN--(Marketwire - June 24, 2010) -  Waba Financial has purchased Bluff Country Center in Eden Prairie. Financial terms were not disclosed.

Bluff Country Center consists of 12,000 square feet of retail space on approximately 2 acres in Eden Prairie, MN. The retail center is located at the corner of Hennepin Town Road and Pioneer Trial, off of Highway 169, and is anchored by a bustling Fitness 19. The center also counts HomeMade Pizza, Elements Therapeutic Massage, Premier Cleaners, and Fantastic Sam's as tenants. Constructed in 2008, the center is approximately 92% leased. 

"This is a recently built property with solid construction, great tenants and a vibrant local population. We are happy to be working with the businesses in the center as they provide great services to the local population and commuters stopping while traveling along Highway 169," says Waba Financial's Principal Eric Swildens. 

Amie Heddle, Financial Officer, reports, "Waba Financial is continuing to expand its commercial real estate portfolio in Minnesota as we find opportunities to acquire high-quality properties like this center." 

Anderson Property Management will provide property management services.

About Waba Financial:

Waba Financial acquires and manages a variety of real estate and related investments, focusing on income producing opportunities in high quality locations in the Midwestern United States. It is privately held and operates out of Mountain View, California.

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