{"id":1004126987,"date":"2015-09-08T02:54:59","date_gmt":"2015-09-08T10:54:59","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=360210"},"modified":"2022-12-05T17:38:24","modified_gmt":"2022-12-06T01:38:24","slug":"marcus-millichap-on-the-hunt-for-twin-cities-retail","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-on-the-hunt-for-twin-cities-retail\/","title":{"rendered":"Marcus &amp; Millichap on the Hunt for Twin Cities Retail"},"content":{"rendered":"<p><em>By Ioana Neamt, Associate Editor<\/em><\/p>\n<div id=\"attachment_360211\" class=\"wp-caption alignright\" style=\"width: 160px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/09\/Main-Street-Village-Minn.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-thumbnail wp-image-360211\" title=\"Main Street Village \" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/09\/Main-Street-Village-Minn.jpg\" alt=\"Main Street Village \" width=\"150\" height=\"150\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Main Street Village<\/p>\n<\/div>\n<p>Another retail asset has changed hands in the North Star State.<\/p>\n<p>Brokerage firm <a href=\"https:\/\/www.marcusmillichap.com\/\">Marcus &amp; Millichap<\/a> recently arranged the $3.2 million sale of Main Street Village, an 11-year-old retail property located in the Twin Cities suburb of New Brighton, Minn.<\/p>\n<p>The two-building, 21,045-square-foot strip center at 525 Main St. sold to a local private investor. A team comprised of Michael Ahles, Cory Villaume, Sean Doyle, Matthew Hazelton and Adam Prins of Marcus &amp; Millichap\u2019s Minneapolis office had the exclusive listing to market the property on behalf of an undisclosed seller. Doyle, Prins, Villaume and Hazelton also secured and represented the buyer, together with Mike Marzinske.<\/p>\n<p>\u201cInterest in Main Street Village was driven largely by its stable and balanced rent roll, as well as its solid construction, which contributed to the aesthetic appeal,\u201d Matthew Hazelton said in a statement. \u201cThe center was 93 percent occupied, and had average rents that were at, or below market.\u201d<\/p>\n<p><em>Image courtesy of Marcus &amp; Millichap<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Another retail asset has changed hands in the North Star State.<\/p>\n","protected":false},"author":1327,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[36076,21742],"tags":[],"class_list":["post-1004126987","post","type-post","status-publish","format-standard","hentry","category-minneapolis-st-paul","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Marcus &amp; Millichap on the Hunt for Twin Cities Retail - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-on-the-hunt-for-twin-cities-retail\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Marcus &amp; Millichap on the Hunt for Twin Cities Retail\" \/>\n<meta property=\"og:description\" content=\"Another retail asset has changed hands in the North Star State.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-on-the-hunt-for-twin-cities-retail\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-09-08T10:54:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-06T01:38:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/09\/Main-Street-Village-Minn.jpg\" \/>\n<meta name=\"author\" content=\"ioanacpe\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-on-the-hunt-for-twin-cities-retail\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-on-the-hunt-for-twin-cities-retail\/\",\"name\":\"Marcus &amp; 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