Cushman & Wakefield/NorthMarq closes sale of major retail center in Minnesota

January 04, 2013  |  Staff Writer  |  Print Article  |  Email this Article

Cushman & Wakefield/NorthMarq recently represented Principal Real Estate Investors in the sale of the Southdale Square retail center in Richfield, Minn.

DRFC Southdale Square LLC, an affiliate of Frauenshuh Commercial Real Estate Group, purchased the center. The sale closed in late November of last year.

Built in 1961 and completely renovated in 2005, Southdale Square includes 116,000 square feet. The center is 100 percent leased with tenants including Pier I Imports, Schmitt Music and Golfsmith.

Cushman & Wakefield/NorthMarq’s Eric Bjelland, executive director, and Leah Maurer, assocaite at the company, represented Principal Real Estate Investors. Jim Larson, senior director, has leased the asset for Principal Real Estate Investors since 2010.

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