Trautz Properties Inc Acquires Northtown Retail Center In Blaine For $4.7M

The Northtown Retail Center, a fully leased 10,034-square-foot retail property located at 599 Northtown Drive Northeast in Blaine, MN, was sold for $4.7 million. The asset was acquired by Trautz Properties Inc from 4th Dimension Properties in a recent transaction.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $4,700,000
• SF: 10,034
• PPSF: $468
• Address: 599 Northtown Drive Northeast
• Market: Blaine, MN
• Buyer: Trautz Properties Inc
• Seller: 4th Dimension Properties

Amy Senn, Bryce Thompson, and Mark Robinson of Mid-America Real Estate Group represented the buyer, Trautz Properties Inc, in the transaction. On the seller's side, Greg Zimmerman and Marc Mandell from Forged Real Estate facilitated the deal, ensuring a successful transfer of ownership for the Northtown Retail Center.