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Chicago & Midwest  + Midwest  + Retail  | 

Twin Cities ALDI Trades to CA Buyer

Hanley Investment Group Real Estate Advisors arranged the sale of a new construction single-tenant ALDI in Chaska, MN, within the Twin Cities metro area. The sale price was $3,023,000 for the absolute triple-net ground lease in an off-market transaction. 

EVPs Jeff Lefko and Bill Asher of Hanley represented the seller and developer, TOLD Development Company of Minneapolis. The buyer was a private investor from Santa Barbara, CA.  
 
“The Twin Cities’ gross domestic product is the second largest in the Midwest behind only Chicago and is the 13th largest economy in the nation,” said Lefko. “It is home to 19 Fortune 500 companies and has a robust job market with strong population growth.”

He added, “ALDI continues to be one of the most sought-after grocery investments nationwide and is routinely recognized for its successful performance in the discount grocery sector.”
 

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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