Hanley Investment Arranges Sale of Two-Tenant Retail Property in Metro Minneapolis

by Abby Cox

Coon Rapids, Minn. — Hanley Investment Group Real Estate Advisors has arranged the sale of a newly constructed, 6,297-square-foot two-tenant retail pad in Coon Rapids, roughly 15 miles outside Minneapolis. Fast-casual restaurant chain Dave’s Hot Chicken and medical spa Chapter Aesthetic Studio occupy the building, which is situated within the Riverdale Commons retail center on a 10-year lease. Dave’s Hot Chicken totals 2,797 square feet, while Chapter Aesthetic Studio totals 3,500 square feet.

Jeff Lefko and Bill Asher of Hanley, in association with Robert Wise and Jeff Jiovanazzo of CBRE, represented the seller, TOLD Development Co., in the transaction. New York-based Curbline Properties was the buyer.

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