St. Louis-based Bianco Properties has acquired Park Place Plaza at West End in St. Louis Park, Minnesota. The 87,975-square-foot center is shadow-anchored by Costco and Home Depot.
The center is located in the southwest quadrant of Interstate-394 and Highway 100 at the intersection of Park Place Boulevard and 16th Street West.
This marks Bianco’s fifth retail acquisition within the last three years collectively valued at more than $90 million. Park Place Plaza is the company’s second in the Minneapolis-St. Paul MSA, joining a 100,000-square-foot Kohl’s-occupied retail property in Burnsville, Minnnesota.
“Minneapolis is a key market we have continued to target for strategic expansion of our retail portfolio,” said Josh Bacott, vice president of acquisitions and property management with Bianco Properties. “We believe that Park Place Plaza is a cornerstone property that is well-positioned to serve the vibrant and growing St. Louis Park neighborhood.”