Retail W Minnesota

Mid-America closes $3.1 million retail sale in St. Paul

Mid-America closes $3.1 million retail sale in St. Paul,ph01

Mid-America Real Estate – Minnesota recently brokered the sale of the Lexington Shoppes in Saint Paul, Minnesota. The 34,000-square-foot retail center was purchased by a local investment group for $3.1 million.

Lexington Shoppes is located at the intersection of University Avenue and Lexington Parkway, just blocks from the new Allianz Field in Saint Paul’s Midway neighborhood.

Situated directly outside the green line with easy access between Minneapolis and Saint Paul, the nine-tenant urban strip center offers a mix of franchise and local tenants primed for long term growth and redevelopment

Mid-America Real Estate – Minnesota Principal Mark Robinson was the exclusive listing broker representing the seller, a local investment group in the transaction. The buyer was represented by Virginia Ng of Coldwell Banker.