Viking Partners

Aayusha, you've been a valuable member of our team and we've thoroughly enjoyed getting to know you throughout your internship!

We are more than pleased to welcome Adam Parritz to Viking Partners as our new Acquisitions Manager.   In his role, Adam will be traveling to Viking’s target markets, strengthening relationships with brokers, owners, lenders, and industry partners to uncover new investment opportunities. With 10+ years of real estate expertise, his stewardship will be instrumental as we begin investing on behalf of Viking Partners Fund VI, enhancing our ability to source off-market deals, capitalize on market dislocations, and strategically expand our portfolio.   Adam brings a strong track record of success, joining us most recently from Glenstar and previously Värde Partners, where he co-managed a real estate portfolio valued at over $4 billion. Before that, as Vice President of Asset Management at Singerman Real Estate, he played a key role in the acquisition, disposition, and management of more than $1 billion in real estate assets.   A #Midwest native and University of Wisconsin-Madison graduate, Adam’s deep connection to Viking’s target markets, combined with his extensive experience in multiple asset classes, positions him well to drive new opportunities. We look forward to the energy and tenacity he brings to expanding Viking’s network and investment reach.   Please join us in welcoming Adam to the team!

After many months of this large-scale tenant buildout, we're thrilled to say the long-awaited grand opening of Nordstrom Rack's new Randall Square location is here! Chicagolanders are invited to celebrate with us at the Pre-Opening Shopping Party tomorrow from 4-8PM and the Grand Opening Celebration this Thursday, March 13th from 7-9AM. Tomorrow's Pre-Opening Shopping Party is a private shopping event for customers prior to opening day. RSVP to enjoy sips and light bites while saving up to 70% throughout the store: https://lnkd.in/gkg6x5N7 Then, you're invited to join us for Thursday's Grand Opening Celebration and enter to win a $1,000 Rack gift card. More details about the Grand Opening Celebration can be found here: https://lnkd.in/gpukJyUW Thanks to all who worked to bring this space to life!

This Skechers build turned out absolutely stunning! We're in the final stages, putting on the finishing touches, and we can’t wait to celebrate the ribbon cutting soon. A big thank you to everyone who brought this vision to life. Stay tuned for the grand opening! 🏗️✨ #NewPathConstruction #Skechers #RetailConstruction #RandallSquare #RibbonCutting #ProjectCompletion

“The best way to predict the future is to create it.” - Peter Drucker “…and that’s what we intend to do.” - Bret Caller, CEO and Co-Founder We recently shared our outlook on the #commercialrealestate market during Viking's 2024 Annual Investor Meeting & Update. While it's impossible to predict the market's exact movements over the coming year, this clip perfectly captures our mindset at Viking. Founded during the 2008 financial crisis, our firm is well-acquainted with creating our own future in a distressed market. Whatever challenges the next year may bring, we're poised to seize opportunities where others might only see obstacles.

We're thrilled to introduce the newest members of the Viking team. Please join us in welcoming Tim Taggart, CPA, as Chief Financial Officer, and Andrew Roth as Asset Manager. Tim brings a wealth of experience to his role. His background includes serving as CFO and corporate treasurer in manufacturing, culinary, and aerospace industries, as well as having roots in corporate banking. Andrew joins us with nearly a decade of experience in leasing and transactions, gained from various brokerages and real estate groups. We're excited about the fresh energy Tim and Andrew will bring to our team. We look forward to their future accomplishments and invite you to give them a warm welcome! #commercialrealestate #cfo #assetmanager

We’re excited to announce the sale of Enterprise Industrial, a fully occupied 70,000-square-foot #industrial #warehouse located in the heart of Sharonville, a prime northern suburb of Cincinnati. Strategically positioned between I-75 and I-71, with direct access to I-275, Enterprise Industrial offers unbeatable connectivity. Viking Partners Fund IV originally acquired the asset in November 2022 as part of a broader industrial portfolio. Through our #valueadd strategy, we successfully: ♻️ Renewed a 50,000-square-foot tenant lease ✍️ Filled two 10,000-square-foot vacancies with new tenants Thank you to all of our partners who ushered this transaction across the finish line. CBRE CBRE Cincinnati Industrial Steve Timmel, CCIM #commercialrealestate #industrialrealestate #investmentsales

We can't overstate our appreciation for tenants who share Viking's vision for the ecosystem we've created at 8044. Jon Ramey and Jan Wolter's UBS team has not only renewed its commitment to maintaining UBS's second-largest concentration of U.S. employees (after New York City) at this location, but they have also designed and executed a stunning interior renovation that has significantly elevated the entire asset's profile. UBS embarked on this vision around the same time Viking acquired 8044 in a joint venture with DRA Advisors. Admittedly, the firm explored several options for relocating their "flagship Midwest office”. Having been #tenants since 1989, UBS experienced a lack of investment in 8044's amenities and interior design before Viking's ownership. However, Viking and DRA always intended to enhance the asset's value for both tenants and investors. We installed a cutting-edge fitness center, renovated the lobby, and upgraded various building amenities and design elements. According to the UBS team, these building upgrades effectively sealed the deal for them to stay at 8044. Now, UBS's show-stopping space serves as the pièce de résistance of the building's west lobby. Thank you to all who made this renovation possible. You can view the full story and photo gallery on the Cincinnati Business Courier: https://lnkd.in/gFQZFZry #officerenovation #commercialrealestate #officeleasing #valueadd

“'Sale of the four outparcels at Randall Square marks a significant milestone in our larger value-add business plan for the shopping center,' said Jeff Sluzala, Viking’s director of asset management, in an emailed statement to Crain’s. 'Viking Partners has a long history of investing in retail real estate, and this asset is a prime example of what our platform can achieve.'” Needless to say, we are very pleased with our progress at Randall Square, including the Nordstrom Rack/Skechers leases and the related buildouts of their new stores. We continue to operate the power center portion of the asset, which is nearly 97% leased today, and look forward to what we are optimistic will be a positive outcome for this investment. Read more about the sale on Crain's Chicago Business: https://lnkd.in/gpUJrCmk Mid-America Real Estate | Investment Sales Group #retailrealestate #assetsales #CRE #disposition

Last week, Viking sold the four outparcels at Randall Square to Northpond Partners. Viking Partners Fund V acquired Randall Square, which included the four outparcels and a power center component, in October 2023. The sale of the outparcels is part of Viking’s comprehensive value-add business plan for the asset, which also includes the leases we signed with Nordstrom Rack and Skechers earlier this year. We continue to own and operate the remaining power center. To learn more about Viking’s portfolio of properties visit https://lnkd.in/ggxZBuKT Mid-America Real Estate | Investment Sales Group #CRE #assetsales #retail