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STILLWATER, MN-Chase Properties, a Beachwood, OH-based owner andoperator of shopping centers, has bought Stillwater Marketplacefrom Edina-based Urban Associates for $17.3 million. StillwaterMarketplace is a 306,000-sf shopping center shadow-anchored byTarget and Cub Foods, but the acquisition represents little morethan 100,000 sf.
The two chains, Target and Cub, own the real estate for theirown stores, and account for about two-thirds of the center's306,000 sf. Among the tenants in Chase's center are Office Max,Petco, Maurices, Famous Footwear and Caribou Coffee.
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