EDEN PRAIRIE, MINN. — Cypress Equities has acquired Eden Prairie Center, a 1.1-million-square-foot retail property in Eden Prairie, a suburb of Minneapolis. General Growth Properties listed the property for $99 million, according to the Minneapolis Star Tribune. Eden Prairie Center is a two-level, enclosed shopping center that has served the southwest suburbs of the Twin Cities since its opening in 1976. The mall features more than 100 shops and restaurants and boasts annual shopper visits exceeding 12 million. Completely renovated and expanded in 2001, the mall is anchored by Von Maur, Target, Kohl’s, Sears and JC Penney. The property also features an 18-screen AMC Theatres, Barnes & Noble Booksellers, Wildfire Steaks, Chops & Seafood, Biaggi’s Ristorante Italiano, Panera Bread and the new Prairie Tap House. Matthew Friday, senior vice president and market leader for SRS Real Estate Partners in Minneapolis, assisted Cypress Equities with the acquisition.
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