MINNEAPOLIS-Carlson Real Estate Co. recently sold Calhoun Village Shopping Center to investor John B. Pfaff for $12.4 million. Key tenants in this 89,000-sf center include Applebee’s, Walgreens, Barnes& Noble, Hollywood Video and Las Toscana restaurant.

The Pfaff family’s primary business lies in owning hotels in Iowa and Minnesota. The familyalso has other commercial real estate holdings, including the Jamaica Shopping Center in CottageGrove, MN, and Goodlette Medical Clinics in Naples, FL.

The transaction was handled by Brad Pfaff of Colliers Towle Real Estate Co., a Minneapolis-based commercial real estate company. Colliers Towle’s management company will manage Calhoun Village for the Pfaff family.

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