Stan Johnson Arranges $19 Million Sale of Penn & American Retail Center in Minnesota

Bloomington, Minn. — Stan Johnson Co. has arranged the $19 million sale of Penn & American, a 58,531-square-foot retail center in Bloomington.

Tom Fritz, Brandon Duff, Matt Spangenberg and Mackenzie Wolfgram of Stan Johnson arranged the transaction on behalf of the seller, a Minneapolis-based developer. SARA Investment Real Estate acquired the asset. Fresh Thyme Farmers Market anchors Penn & American.