CHICAGO-InterPark Holdings of Chicago purchased a four-level parking facility in Minneapolis for $10.6 million from A.D. Hays Parking Co. of Minneapolis.
The purchase was filed last week in Hennepin County, MN, according to a report in the Minneapolis-St. Paul Business Journal. The transaction involves a four-story level parking facility at the Mar-Ten Parking Ramp at 921 Marquette Ave. South in downtown Minneapolis.
The deal, which closed on Dec. 21, brings InterPark Holdings parking portfolio in Minneapolis to four properties. Its other three parking facilities are located on 4th Avenue, Hennepin Avenue and Marquette Avenue.
The company owns parking facilities in 16 different metro areas. See story in the Minneapolis-St. Paul Business Journal.