MINNEAPOLIS-A joint venture headed by Oak Brook-based Real Estate Corp. has acquired two retail properties in the Minneapolis-St. Paul area for $46.6 million. The REIT formed joint venture with PGGM to purchase Silver Lake Village in St. Anthony.
Silver Lake Village comprises 159,000 square feet of space as well as a Wal-Mart store measuring 144,000 square feet on the ground floor. The joint venture is also purchasing the 116,200-square-foot Woodbury Commons property in Woodbury. The sellers of the shopping centers were not identified. For the full story, go to Chicago Business Journal .
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