TWO MINNEAPOLIS-AREA SHOPPING CENTERS SELL FOR $46.6M

by admin

ST. ANTHONY AND WOODBURY, MINN. — Inland Real Estate Corp. recently purchased two retail properties in the Minneapolis market for a total of $46.6 million. In a joint venture, Inland and PGGM acquired Silver Lake Village, a grocery-anchored shopping center in St. Anthony — an inner suburb of Minneapolis — for $36.3 million. On the same day, Feb. 24, Inland also acquired Woodbury Commons, a shopping center in Woodbury, for $10.3 million. Silver Lake consists of 159,303 square feet and is anchored by Cub Foods. Woodbury Commons totals 116,197 square feet and its tenants include Outback Steakhouse, Applebee's and Payless ShoeSource.

You may also like