LS Realty Group acquired the Edinburgh Festival shopping center at 8505 N. Edinburgh Center Dr. in Brooklyn Park, MN for $9.6 million, or about $105 per square foot, from IRC Retail Centers.
The 91,563-square-foot retail center was constructed in 2004. The retail center is home to long-time grocery anchor, Festival Foods, which occupies 54,476 square feet and shares the retail center with notable tenants such as Dollar Tree, Jackson Hewitt and Broadway Bar & Pizza.
Leah Maurer of Cushman & Wakefield / NorthMarq represented the seller.
Please see CoStar COMPS #3922896 for more information on this transaction.