Matthew Klein


SOLD:
TOWNSHIP THEATER SHOPS in WHITE BEAR LAKE TOWNSHIP, MN




WHITE BEAR LAKE TOWNSHIP, MN (November 2, 2015) — A local Twin Cities investment group Township Theater Shops Partners, LLC has recently purchased the Township Theater Shops retail portfolio for $1,925,000. The portfolio is comprised of two (2) multi-tenant retail buildings totaling 19,181 square feet. The new ownership group will be aggressively marketing the remaining available spaces for lease with the effort of KW Commercial Midwest.  The buildings are prominently located at the Southwest intersection of County Road J and I-35E next to Muller Family Theaters. Existing tenants of the development include Orchid Restaurant, Farrell’s Extreme Bodyshaping, Lemon Water Salon, State Farm Insurance, and Annie’s Nails.

“We look forward to working on this exciting project. We will be looking for other quality tenants which will complement the businesses of the existing tenants as well as provide additional amenities to the surrounding community.? says Matt Mithun of Township Theater Shops Partners, LLC.


Matthew Klein, CCIM of the Eagan, MN based KW Commercial Midwest represented both the buyer and seller in the successful close of the transaction.