MINNEAPOLIS AND SHAKOPEE, MINN. — Twin Cities-based NAI Welsh has brokered three sales. In the first transaction, Yingua Academy Charter School has purchased the former Putnam Community School building, located at 1616 Buchanan St. in Minneapolis, for $3 million. Yingua plans to operate a private Chinese immersion school in the 45,280-square-foot facility starting in the 2009-2010 school year. Eric Rapp of NAI Welsh represented Yingua. The seller was Minneapolis Public Schools.
Also in Minneapolis, Southwest Transit acquired a 95,821-square-foot industrial building, located at 4201 Norex Dr., for $4.3 million. The company plans to use the facility for its bus storage and service station. Brian Netz of NAI Welsh represented the seller, CSM Investors.
Finally, Netz completed the sale of a 9,336-square-foot office building, located at 1335 10th Ave. in Shakopee. The property, which was acquired by Dr. Douglas Vayda for $1.15 million, will be primarily used for his orthodontist clinic. Additional space in the building will be made available for lease.
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