National CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


National  + North Dakota  + Retail  | 

Construction Financing Secured for $125M Fargo, ND MXU

NKF arranged a $77.2 million construction loan for Block 9, a new $125-million mixed-use development in downtown Fargo, ND. Located at the corner of Broadway and Second Avenue North, the site will be transformed from a 48,000-square-foot surface-level parking lot into an 18-story tower.

NKF’s Ben Greazel originated the construction/mini-perm loan on behalf of the borrower, a joint venture between Kilbourne Group and R.D. Offutt Company. Greazel secured the financing with a syndicate of banks led by First National Bank of Omaha.

The project, which broke ground in September 2018, includes headquarters for R.D. Offutt Company, ground floor retail, a boutique hotel that will be managed by Chicago-based Aparium Hotel Group, a restaurant and residential condominiums.

Greazel says, “Block 9 is a first-class, dynamic project that will serve as the focal point of the current transformation underway in downtown Fargo.”

Get CRE News in 150 words

For comments, questions or concerns, please contact Dennis Kaiser


Inside The Story

Connect With Kilbourne GroupConnect With NKF’s Greazel

About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Financing
  • ◦Development
New call-to-action
New call-to-action