Minneapolis, MN
$83.3 million
New Markets Tax Credit, Historic Tax Credit
Debt Financing
Commercial/Office
500,000 SF
Ryan Companies US, Inc.
2006
Mixed use redevelopment of historic Sears distribution center into the corporate headquarters of Alliana Health, residential and a Fresh Food Cooperative retail uses. Tax Credit financing provided secondary debt for the underleveraged developer to complete construction.
Over 1,850 job created and retained with over 500 construction jobs.