Hanley Investment Group Negotiates $11.8 Million Sale of Retail Center Near Twin Cities

by Alex Tostado

Woodbury, Minn. — Hanley Investment Group Real Estate Advisors has negotiated the $11.8 million sale of Commons Plaza, a 13,405-square-foot, three-building retail property in Woodbury. The property is located at 720-740 Commons Drive, 23 miles east of downtown Minneapolis. The property features a new 2,926-square-foot building that is fully leased to Raising Cane’s. The second building is a 3,551-square-foot building fully leased to Minneapolis-based Sleep Number. Lastly, the third building totals 7,199 square feet and is occupied by WellHaven Pet Health and Restore Cryotherapy. Jeff Lefko and Bill Asher of Hanley Investment Group represented the seller, Davie-Florida-based Onecorp, in the transaction. Steve Tucker of Corona del Mar, California-based Tucker Investments represented the buyer, a private investor from Orange County, California.

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