CBRE has arranged $11 million in refinancing for Grandview Square, a 98,561-square-foot office property in Edina, Minnesota.

Billy Mork, Joel Torborg and Mike Vannelli of CBRE Capital Markets’ Debt and Structured Finance team in Minneapolis secured a five-year, fixed-rate, full-term interest-only loan at 5.89% on behalf of Capital Partners, a Minnesota-based commercial real estate investment and management firm.

“Grandview Square drew competitive interest because it has the fundamentals lenders are looking for right now, which includes full occupancy, a diverse tenant roster and an owner that has consistently reinvested in the asset,” said Mork. Grandview Square is located at 5201 Eden Ave. in Edina’s Grandview district.

The property provides convenient access to downtown Minneapolis, Minneapolis-Saint Paul International Airport and the 50th & France retail corridor. Built in 2001 and renovated in 2025, the property offers a variety of amenities, and the three-story building is 100 percent leased to 16 tenants.

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