Dallas, Texas – April, 2013 ‐ International Capital, LLC represented a German investor partnership in the acquisition of an ALDI Food Market in Elk River, Minnesota. The ALDI property, a rare fee simple estate (and not a ground lease), is part of a larger retail development along Highway 169 in Elk River. The commuter community is located about 30 miles northwest of the Twin Cities of Minneapolis and St. Paul. The built‐to‐suit 17,000 SF store features a 20‐year ALDI lease with a remaining term of 15 years and various extension options. The Germany based grocery discounter ALDI is privately held and has been operating in the US since the mid‐1970s. It has grown its store fleet to more than 1,000 locations in 31 states from Kansas to the East Coast. ALDI also owns the popular grocery specialty store Trader Joe’s. International Capital’s Martina Crevecoeur, Vice President Acquisitions/Dispositions represented the purchaser.
International Capital, LLC is a boutique real estate advisory firm with over 35 years experience representing more than 100 legal entities in its capacity as asset manager and as property manager. The company handles a portfolio of more than 20 properties in the southwestern United States. Offering a wide range of commercial real estate services, specialties include the acquisition, disposition, management and administration of commercial investment properties. Land and property development, funds conception, mezzanine financing and cash management are also integral parts of the company’s portfolio.