Chicago & Midwest + Midwest + Retail | January 29, 2019

Multi-Tenant Auto Mall Finds Buyer in Twin Cities

Mid-America Real Estate – Minnesota recently brokered the investment sale of Burnsville Auto Mall, in Burnsville, MN, a suburb of Minneapolis/St. Paul. The 30,157-square-foot multi-tenant retail center was purchased by a local investor for $3.3 million.

Mark Robinson, principal of Mid-America Real Estate – Minnesota, was the exclusive listing broker on the transaction representing the seller, a local investor. The buyer was represented by NKF’s Brian Netz.

Burnsville Auto Mall is located just south of the Burnsville Center regional mall, along Southcross Drive and I-35W in the city of Burnsville. The project consists of five national and local tenants, and is 95% occupied.

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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 13-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 15-20 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).