First Washington Realty acquired two grocery-anchored shopping centers in Minnesota and Missouri for a combined value in excess of $65 million. The acquisitions expand FWR’s portfolio to 21.9 million square feet across 21 states.
- The Village of Blaine is a 220,685-square-foot grocery-anchored shopping center, well-recognized as one of the Twin Cities’ leading neighborhood shopping destinations, attracting approximately 3.3 million annual visits. Located at the intersection of Interstate 35W and Lexington Avenue, the center sits within one of the fastest-growing areas in the Minneapolis-St. Paul metro area, supported by more than 1,700 planned homes, rising household incomes, and continued investment throughout the surrounding community. The center also benefits from proximity to major regional destinations, including the National Sports Center, TPC Twin Cities, and Aveda’s corporate headquarters, located in Blaine.
- Liberty Corners is a 124,808-square-foot shopping center anchored by a 56,000-square-foot Cosentino’s Price Chopper grocery store. Located along State Highway 291, just over a mile from Liberty Triangle, the property serves an affluent and highly educated customer base and benefits from strong visibility, daily traffic, and enduring demand for grocery-anchored retail. The center features a mix of personal services businesses and restaurants, including Chipotle Mexican Grill and The Big Biscuit, and benefits from strong visibility and traffic along a major state highway.
The acquisitions of The Village of Blaine and Liberty Corners reflect FWR’s singular focus on investing in well-located neighborhood shopping centers and community fixtures that serve as everyday destinations for shopping, dining, and services. The Company’s leasing, operations, and asset management teams will work to ensure the continued success of both properties within their respective communities.
