Hanley Investment Group Arranges $8.3 Million Sale of Two-Tenant Retail Building in Metro Minneapolis

by Alex Tostado

Edina, Minn. — Hanley Investment Group Real Estate Advisors has arranged the $8.3 million sale of a 6,702-square-foot building occupied by E-Trade and Roti Modern Mediterranean restaurant in Edina, Minnesota.

The asset sold for $1,231 per-square-foot, the highest ever for a multi-tenant retail property in Minnesota, according to CoStar Group. The asset is situated at 3901 W. 70th St., 11 miles south of downtown Minneapolis. Jeff Lefko and Bill Asher of Hanley Investment Group represented the seller, OneCorp Real Estate, in the transaction. Jim Seabold of Coldwell Banker represented the Denver-based buyer.

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