Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of Birch Run Station retail center in Maplewood, Minn.
The 278,347-square-foot center was purchased by Greenwood Village, Colo.-based GDA Real Estate for $27.35 million.
Birch Run Station is located at the northwest quadrant of Beam Avenue and Southlawn Drive adjacent to the Maplewood Mall. The center is anchored by Marshalls, Jo-Ann Stores, Burlington Coat Factory, Herberger’s and Dollar Tree.
Joe Girardi and Rick Drogosz of Mid-America Real Estate Corporation in cooperation with Mid-America Real Estate – Minnesota, LLC were the exclusive brokers in the transaction on behalf of the seller, Los Angeles-based RPD Catalyst.