Minnesota

Edina, Minn. — JLL Capital Markets has arranged the sale of Galleria Edina, a 398,585-square-foot enclosed regional shopping center in Edina, about 10 miles from Minneapolis. Danny Finkle, Barry Brown, Dave Monahan, Amy Sands, Cameron Pittman, Matt Hazelton and Cory Villaume of JLL represented the undisclosed seller in the disposition of the property to 70th Street Properties LLC. Park State Bank provided financing for the acquisition. Located at 3510 West 69th St., Galleria Edina was 99 percent leased at the time of sale to tenants including Louis Vuitton, Tiffany & …

St. Cloud, Minn. — Hanley Investment Group Real Estate Advisors has negotiated the $3.5 million sale of a Raising Cane’s ground lease in St. Cloud near Minneapolis. Built in 2021, the 3,493-square-foot restaurant is located at 2635 W. Division St. Jeff Lefko and Bill Asher of Hanley, in conjunction with Rob Wise of CBRE, represented the seller, TOLD Development Co. Chris Rodriguez of Pacific Commercial Investments Inc. represented the buyer, Caravella Properties.

St. Cloud, Minn. — Hanley Investment Group Real Estate Advisors has arranged the $3.5 million sale of a 3,493-square-foot retail property occupied by Raising Cane’s at 2635 W. Division St. in St. Cloud. Jeff Lefko and Bill Asher of Hanley Investment Group, in association with Rob Wise of CBRE, represented the seller, TOLD Development Co. Chris Rodriguez of Pacific Commercial Investments Inc. represented the buyer, Caravella Properties. The newly constructed single-tenant property is ground leased to Raising Cane’s on a long-term, absolute triple-net, corporate-guaranteed lease.

Coon Rapids, Minn. — Hanley Investment Group Real Estate Advisors has arranged the $11.5 million sale of Riverdale Village, a three-tenant outparcel in Coon Rapids, roughly 15 miles outside Minneapolis. Jeff Lefko and Bill Asher of Hanley Investment Group, in association with Robert Wise with CBRE, represented the seller, OneCorp Global. Boston Weir of Henry Group Real Estate represented the buyer, an undisclosed private investor based in Evergreen, Colorado. Built in 2021, the property includes a single-tenant, 4,150-square-foot building with a drive-thru occupied by Bank of America and a two-tenant, …

Minnetonka, Minn. — JLL Capital Markets has brokered the sale of Ridgehaven shopping center in the Minneapolis suburb of Minnetonka for an undisclosed price. Located at 13081 Ridgedale Drive and shadow anchored by Target, the fully leased property spans 140,418 square feet. Tenants include Lunds & Byerlys, Barnes & Noble, Ulta Beauty, Rosenthal Furniture Co., Massage Envy and Supercuts. Amy Sands, Clinton Mitchell, Michael Nieder and Ted Gonsior of JLL represented the seller, Invesco Real Estate. Bianco Properties was the buyer.