Skip to main content
  1. News
  2. Business & Finance
  3. Industry

Mound Maketplace sold to California investor for $7.6 million

See also

The owner of the grocery-anchored Mound Marketplace has sold the property to a California investment firm making a third Twin Cities-area buy, CBRE’s Minneapolis Private Capital Group announced Monday.

Developer PBK Investments of Minnetonka, Minn., sold the 57,642-square-foot retail property to LS Capital of Sherman Oaks, Calif., CBRE said in an issued statement.

The sale price was $7.55 million, according to Hennepin County records.

The 11-year-old mall, situated at the corner of Lynwood and Commerce boulevards in Mound, is anchored by Jubilee Foods and also includes tenants Verizon, Great Clips, Subway and Carbone's Pizza.

LS Capital also owns Rogers Retail Plaza in Rogers, Minn., and Winnetka Commons in New Hope.

PBK Investments was represented by Jim Leary, Steve Lysen, Jeff Budish and Mindy Rietz in the transaction.

Advertisement

News

  • Sterling loses Clippers
    Donald Sterling loses big in court with no option for an appeal
    Video
    Video
  • Russia violating arms treaty?
    Russia is testing a long-range missile which violates an INF arms treaty
    World News
  • Ebola outbreak
    The Ebola epidemic in West Africa has proven to be quite difficult to contain
    Health News
  • Virginia same-sex marriage
    The ban on same-sex marriage is ruled unconstitutional in Virginia
    US News
  • Abigail Hernandez suspect
    A suspect is in police custody for the disappearance of Abigail Hernandez
    Crime
  • Bachelorette finale
    'The Bachelorette' is in the books, which lucky guy got Andi's final rose?
    TV