Minnesota, North Dakota and South Dakota — Marcus & Millichap has arranged the $18.7 million sale of an 11-property Sherwin-Williams retail portfolio in Minnesota, North Dakota and South Dakota. Dominic Sulo and Jon Ruzicka of Marcus & Millichap represented the Minnesota-based private seller and procured the Michigan-based institutional buyer. The properties are located in Bemidji, Duluth, Fergus Falls, Grand Rapids, and Sartell, Minnesota; Bismarck and Grand Forks, North Dakota; and Sioux Falls, Tea and Watertown, South Dakota. They total approximately 55,590 rentable square feet. Prior to marketing efforts, Marcus & …
South Dakota
Longwood, Fla. — Timber Development Corp. has sold three retail centers shadow-anchored by Walmart. Dispositions include a 40,000-square-foot retail property in Monroeville, Alabama, occupied by tenants including Dollar Tree, Shoe Show and Cato; a 37,000-square-foot center in Sioux City, Iowa, occupied by Cato, Dollar Tree, Gamestop, Great Clips and Sally Beauty Supply; and a 28,000-square-foot strip center in Huron, South Dakota, home to tenants including Maurices, Shoe Sensation and Verizon. The buyers and terms of the transactions were undisclosed. Timber Development Corp. is based in Longwood, Florida.