Retail W Minnesota

Mid-America brokers sale of 108,000-square-foot retail center in Minnesota

Mid-America brokers sale of 108,000-square-foot retail center,ph01

Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of Roseville Plaza in Roseville, Minnesota. The 108,213-square-foot retail center was purchased by Roseville Holdings, LLC and Roseville Properties, LLC for $7.6 million.

Roseville Plaza is located at the southeast corner of State Highway 36 and Fairview Avenue North in Roseville. The center is anchored by Planet Fitness, Starbucks and BMO Harris Bank and provides the purchaser a unique redevelopment opportunity.

Mid-America Real Estate Corporation Principal Ben Wineman and Investment Associate Emily Dutson, in cooperation with Mid-America Real Estate-Minnesota, LLC Principal Mark Robinson, were the exclusive brokers in the transaction on behalf of the seller, New Hyde Park, New York-based Kimco Realty.

Colliers International Senior Vice President Ryan Krzmarzick was the exclusive broker in the transaction on behalf of the buyer.