Cushman & Wakefield facilitated the $27.65 million sale of Prairieview Center, a best-in-class, 113,601-square-foot regional retail center in Eden Prairie, Minnesota, anchored by Lunds & Byerlys, a premium grocery chain in the Twin Cities.
Cushman & Wakefield’s Retail Investment Advisors Evan Halkias and David Matheis, along with Zander Fried from the firm’s Minneapolis office, represented the seller United Properties. The buyer was Phillips Edison & Company, Inc.
Located at 928-970 Prairie Center Drive in Eden Prairie, a southwest suburb of Minneapolis, Prairieview Center was built in 1986 and renovated in 2018. Fully leased at the time of sale, the property includes a mix of local and national retailers, including Chase Bank, Culver’s and Starbucks.
Cushman & Wakefield negotiates $27 million sale of regional retail center in Eden Prairie
