MAPLEWOOD (MINNEAPOLIS MSA), Minn. (October 1, 2014) – Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of Birch Run Station in Maplewood (Minneapolis MSA), Minn. The 278,347-square-foot center was purchased by Greenwood Village, Colo.-based GDA Real Estatefor $27.35 million.
Birch Run Station is located at the northwest quadrant of Beam Avenue and Southlawn Drive adjacent to the Maplewood Mall. The center is anchored by Marshalls, Jo-Ann Stores, Burlington Coat Factory, Herberger’s, and Dollar Tree.
Joe Girardi and Rick Drogosz of Mid-America Real Estate Corporation in cooperation with Mid-America Real Estate – Minnesota, LLC were the exclusive brokers in the transaction on behalf of the seller, Los Angeles-based RPD Catalyst.
Mid-America Real Estate Corporation is a member of Mid-America Real Estate Group, a ChainLinks affiliate headquartered in Oakbrook Terrace, Ill. The company is the Midwest’s leading full-service retail real estate organization with offices in Chicago, Milwaukee, Minneapolis and Detroit. For more information, call (630) 954-7300 or visit www.midamericagrp.com.
Birch Run Station in Maplewood (Minneapolis MSA), Minn.
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