Phillips Edison & Company Acquires Prairieview Center Retail Asset In Eden Prairie For $27.7M

The property involved in this transaction is a retail shopping center located at 920-930 Prairie Center Drive in Eden Prairie, MN. The sale price for this asset was $27,700,000, encompassing a total square footage of 113,601. The price per square foot for this property is $244. The shopping center is anchored by Lunds & Byerlys, with additional notable tenants such as Chase Bank, Culver’s, and Starbucks.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $27,700,000
• Sale Date: 04/28/2026
• Buyer: Phillips Edison & Company
• Seller: United Properties
• Brokers: Evan Halkias, David Matheis & Zander Fried - Cushman & Wakefield
• SF: 113,601
• PPSF: $244

Cushman & Wakefield facilitated the transaction, representing both the buyer and the seller in this sale. This involvement underscores the brokerage firm's role in the commercial real estate market as they successfully negotiated the deal for this retail asset.