IM M EDI AT E R EL E AS E
Contacts: Robert J. Dockerty & Joseph A. Hepp
(56 1) 3 3 0 - 80 0 0
B doc k er ty @ d oc k erty r o me r.c om
J he p p @d oc k erty r o m er .c o m
Delray Beach B ased Mortgage Banker s
Arrange Acquisition Financing
EDINA, MN –December 2016 – Bob Dockerty & Joe Hepp of Dockerty Romer & Co. have arranged
mortgage financing and a future funding facility for ICM Realty Group’s newest office acquisition, a
112,000 SF office building known as One Corporate Center IV. Built in 1986, the property is located at
7301 Ohms Lane, Edina MN. Located “close to everything” in the coveted Edina market, the property is
situated just off the Highway 100 and I-494 interchange, which enjoys prominent visibility, and is
convenient to major highways and amenities located within the area. Currently 77% occupied, One
Corporate Center IV boasts an impressive roster of national and local tenants, and is a great addition to the
ICM portfolio.
Dockerty and Hepp arranged the financing on behalf of their client ICM Realty Group through MidWest
One Bank. The loan proceeds were utilized for the acquisition and to provide a funding facility for future
capital improvements.
“It’s because of the diligent efforts and market leading expertise of Dockerty Romer & Co. that we were
able to successfully structure attractive financing in an accelerated time frame. ICM’s strategic partnerships
with firms like Dockerty Romer & Co. and MidWest One Bank allow us to continue our long track record
of success.” Said Andrew Webb, ICM Realty Group’s Managing Director.
Dockerty commented that, “Both the borrower and the lender were highly focused and professional in all
areas of this transaction, which resulted in completing this transaction, is a very short time frame.” Hepp
stated that, “It was truly a pleasure working with an extremely experienced and knowledgeable borrower,
our client is very bullish on this market, as this acquisition represents the third investment in the
Minneapolis area.”
Dockerty Romer & Co. based in Delray Beach, Florida is a full service commercial mortgage banking
company specializing in the capitalization of income producing properties. Dockerty Romer & Co has
closed nearly $5 Billion of real estate transactions since its inception in January 2000.
561-330-8000  Fax: 561-330-8001  e-mail: [email protected]
70 SE 4th Avenue, Delray Beach, Florida 33483
www.DockertyRomer.com
Licensed Mortgage and Real Estate Brokers