Mid-America Real Estate Corp. has facilitated the sale of Lexington Shoppes, a 34,000-square-foot retail center in Saint Paul, Minn. The company’s Minnesota Principal Mark Robinson, who was the exclusive listing broker, represented the seller, while Virginia Ng of Coldwell Banker worked on behalf of the buyer. The deal closed at $3.1 million.
The shopping center is located at 458-478 N. Lexington Parkway, at the intersection with University Avenue, and directly outside the Green Line. It is home to nine tenants, franchise and local firms, which include UnBank, UnLoan and Scale Model Supplies.
The new $200 million Allianz Field and Midway Marketplace are just blocks away. Concordia University is also nearby, right across Interstate 94. Due to its location, half way between Minneapolis and Saint Paul, the Midway neighborhood has been attracting a lot of interest from retail and office investors. Co-working companies such as Work It have also been making a presence in the area.
Image courtesy of Mid-America Real Estate Corp.
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