Hanley Investment Group Facilitates $11.9M Sale Of Edinburgh Festival Centre In MN

The Edinburgh Festival Centre, a 91,563-square-foot grocery-anchored shopping center located at 8505-8595 Edinburgh Centre Drive North in Brooklyn Park, Minnesota, was sold for $11,900,000. The transaction was facilitated by Bill Asher & Jeff Lefko of Hanley Investment Group, representing the seller, Aric Lasky of LS Capital, Inc.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $11,900,000
• Acres: 12.2
• Market: Brooklyn Park, MN
• Seller: Aric Lasky - LS Capital, Inc
• Brokers: Bill Asher & Jeff Lefko - Hanley Investment Group
• SF: 91,563
• Price per Square Foot: $130

The $11.9 million sale of the shopping center involved a California-based buyer. Despite market challenges, the transaction was successfully closed by the Executive Vice Presidents, Bill Asher and Jeff Lefko, of Hanley Investment Group. The deal took place on February 22, 2024, marking a significant transaction in the Brooklyn Park area.