Bell State Bank & Trust, in partnership with Fargo-based Sterling Real Estate Trust, has purchased Northland Plaza, a 15-story high-rise and one of the most prominent buildings along Interstate-494 in the Minneapolis/St. Paul south metro area.
Northland Plaza is located at 3800 American Blvd. W. in Bloomington, Minnesota.
“Northland Plaza has tremendous visibility in an area of the metro that has abundant commercial activity and energy,” said Todd Lee, executive vice president and Twin Cities managing director for Bell State Bank & Trust. “It is an ideal location for our employees and customers so we’re very excited about expanding our teams there.”
The purchase of Northland Plaza is the latest step in Bell State Bank & Trust’s Twin Cities’ growth since acquiring Bell Mortgage in 2011. In 2012 the company opened its first full-service Twin Cities bank location, and in 2013 it acquired The Business Bank (and its Prime Mortgage division). Last year Bell State Bank & Trust launched the Bell Capital Finance division and opened a new full-service bank location in Woodbury, Minnesota.
