National property development firm Oppidan Investment Company has sold White Bear Marketplace, a retail center it recently developed at the intersection of Highway 694 and White Bear Avenue in White Bear Lake, Minnesota.
White Bear Marketplace includes a Cub Foods, Planet Fitness, Northern Tool and Starbucks. The 118,627-square-foot retail center sits on a 12.8-acre site previously occupied by Kmart. The 61,000-square-foot Cub Foods store is the first store built by Cub since 2008.
“Cub Foods, Northern Tool and all of our tenants are well known brand names that made White Bear Marketplace a highly marketable property,” said Paul Tucci, a developer with Oppidan. “We were very pleased to work with these long-standing clients again on such a successful development.”
Minneapolis-based CBRE Investment Properties Group represented Oppidan in the transaction.