Matt Garrison & Peter Remes Acquire Mixed-Use Asset In Saint Paul For $12.3M

A mixed-use property located at 755 North Prior Avenue in Saint Paul, MN, has been sold for a transaction price of $12,300,000. The asset spans a total square footage of 500,000, bringing the price per square foot to $24.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $12,300,000
• Address: 755 North Prior Avenue
• Market: Saint Paul, MN
• Square Footage: 500,000
• Price per Square Foot: $24
• Buyer: Matt Garrison & Peter Remes - First & First; R2 Companies
• Seller: Orton Development
• Date of Transaction: 11/13/2025

The deal was represented by Matt Garrison and Peter Remes, who are affiliated with First & First and R2 Companies, while the seller, Orton Development, completed the transaction.