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National  + Minnesota  + Retail  | 

Best Buy Founder Sells Chain’s Oldest Store in Edina, MN

Best Buy Co. founder Richard Schulze sold a building in Edina, MN that was one of his chain’s oldest stores. The buyer, Kurt Krumenauer with Midwest Apartment Brokers, plans to turn the building into upscale apartments called Cake Residences. Krumenauer paid $4.5 million for the site.

The former store at 3200 Southdale Circle opened in 1973 as Sound of Music. It was converted to Best Buy in the 1980s, and was the oldest Best Buy store when it closed in 2012. The Best Buy lease runs through 2018.

For comments, questions or concerns, please contact Amy Sorter

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Read More at Twin Cities Business JournalConnect with Midwest Apartment's Krumenauer

About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.

  • ◦Sale/Acquisition
  • ◦Sale/Acquisition
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