The Shoppes on Maine, located at 4611-4662 Maine Ave. SE in Rochester, has been sold for $11.7M.
According to reports, the property is situated in the northeast quadrant of Highway 52 and 48th Street, and is home to various well-known national brands.
As
one of the key retail power centers in the Rochester market, this sale marks a significant transaction in the Minnesota commercial real estate scene.
In related news, Medart has opened a $12.7M warehouse in Albertville, expanding its retail and industrial holdings in Minnesota.
This information is part of the "Just Sold" feature, which is based on the newest certificates of real estate value filed with the Minnesota Department of Revenue.
Author's summary: Rochester's Shoppes on Maine sold for $11.7M.