Peter L. Briger, Jr. Acquires Cabela's Stores In Minnesota For $51.4M

Located at 20200 Rogers Drive & 210 Demers Avenue, in Rogers & East Grand Forks, Minnesota, the retail property comprising 217,301 square feet was purchased for $51,400,000, at a price per square foot of $237. The transaction involved Peter L. Briger, Jr. of Fortress Investment Group as the buyer, and Mary Fedewa of STORE Capital as the seller.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $51,400,000
• Seller: Mary Fedewa - STORE Capital
• Buyer: Peter L. Briger, Jr. - Fortress Investment Group
• Market: Rogers & East Grand Forks, Minnesota

Fortress Investment Group, led by Peter L. Briger, Jr., has expanded its Minnesota holdings with the acquisition of Cabela's stores in East Grand Forks and Rogers for $51.4 million. This transaction forms part of Fortress's strategic investment in Minnesota's retail market, following its recent purchase of the Owatonna Cabela's building, totaling their investment in three properties to approximately $73.8 million.