MCB Real Estate Sells Cub Foods-Anchored Eagan Town Centre For $23.55M

The property asset involved in this transaction is a retail space located at 1276 Town Centre Drive, Eagan, MN. The asset spans 153,233 square feet and was sold for a price of $23,550,000, which equates to approximately $154 per square foot.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $23,550,000
• Seller: MCB Real Estate
• Asset Size: 153,233 square feet
• Address: 1276 Town Centre Drive, Eagan, MN
• Market: Eagan, MN
• PPSF: $154

MCB Real Estate completed this transaction through its acquisition of Epic Real Estate, selling the Cub Foods-anchored Eagan Town Centre as part of a broader portfolio deal with CBRE Investment Management. This sale indicates ongoing investor interest in grocery-anchored retail assets within the Twin Cities, amidst a landscape of limited supply, stable occupancy, and consistent consumer-driven tenancy.