MILWAUKEE, April 19, 2021 /PRNewswire/ Â Affiliates of Phoenix Investors ( Phoenix ), a national private commercial real estate firm headquartered in Milwaukee, Wisconsin, announced the acquisition of a multi-tenant flex building in Waseca, Minnesota. This acquisition expands Phoenix s footprint to 23 states. Phoenix will be implementing a capital improvement plan to reinvigorate the space for new users. Currently, the property offers approximately 110,000 square feet of space available for lease.Â
The city of Waseca is centrally located at the crossroads of major highways and a short commute from the Twin Cities, making it a hub for manufacturing and transportation. Located at 229 Johnson Avenue SW in Waseca, MN, the subject property can support numerous uses and configurations. The facility spans 248,291 square feet and sits on 19.72 acres with surrounding paved parking and undeveloped land to the south. The building s size, location, and layout make it ideal for tenant t
Pandemic takes toll on southern Minn. office market
Pandemic takes toll on southern Minn. office market By Marissa Voss | February 18, 2021 at 5:57 PM CST - Updated February 18 at 7:10 PM
MANKATO, Minn. (KEYC) With so many people working from home, the offices they used to inhabit sit empty.
In 2021, renters dropped 11.7%, according to Real Estate Information Services.
With the decline in rent, the supply for single-use office spaces and drive-thrus have skyrocketed.
Demand for small to mid-size industrial space is predicted to spike as well.
Local real estate experts say more investors are coming into the marketplace, which could potentially be another bonus for this region.
Former Mankato Shopko building sold mankatofreepress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mankatofreepress.com Daily Mail and Mail on Sunday newspapers.
Former Shopko building sold
Former Shopko building sold By Kelsey Barchenger | December 24, 2020 at 9:00 AM CST - Updated December 24 at 9:00 AM
MANKATO, Minn. (KEYC) - The former Shopko building on Madison Avenue in Mankato has been bought.
The property was listed by Colliers International and the buyer was procured by Coldwell Banker Commercial Fisher Group.
At this time, the buyer wishes to remain anonymous.
Plans for the building include a mix of office, retail and hospitality tenants.
Redevelopment should begin in 2021 with completion anticipated in 2022.
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SHOPKO SOLD: COLDWELL BANKER COMMERCIAL FISHER GROUP knuj.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from knuj.net Daily Mail and Mail on Sunday newspapers.