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Cub Store Lands $5M Mortgage

EDEN PRAIRIE, MN-The 73,000-sf store, which is owned by Cub franchisee Jerry's Enterprises, landed the financing through LJ Melody & Co.

By Jim McCartney | Updated on November 25, 2003

EDEN PRAIRIE, MN-A Cub Foods store here recently landed $5.2 million in permanent financing.

The financing was arranged by LJ Melody & Co., a national real estate investment banking firm. The 73,000-sf grocery store at 8015 Den Rd. was built in this southwestern suburb of the Minneapolis/St. Paul metropolitan area in 1992.

Doug Seylar of LJ Melody’s Minneapolis office secured the funds on behalf of Jerry’s Enterprises Inc., a franchisee of Cub Foods in the Twin Cities. Principal Real Estate Investors provided the funds.

Cub Foods is a chain owned by SuperValu, a grocery retailer and wholesaler, based here in Eden Prairie.

Houston-based LJ Melody, a CB Richard Ellis company, is one of the largest real estate investment banking firms in the US.

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