Galleria Edina shopping mall sold to local investor group
One of the most upscale shopping malls in the Twin Cities metro has been sold.
JLL Capital Markets announced Monday that Galleria Edina has been sold to 70th Street Properties, a local investor group.
Terms of the sale weren’t publicly announced.
The 398,000-square-foot shopping center has a collection of international brands and luxury boutique retailers, including Louis Vuitton, Tiffany & Co., Coach, Warby Parker and others.
“Galleria Edina is one of the premier retail assets in the Midwest and has an expansive trade area as a result of being the sole location for many of the tenants in the Midwest region,” Danny Finkle, JLL’s senior managing director and co-head of U.S. retail capital markets, said in a statement. “This is the essence of a generational asset within a remarkable market with unlimited growth opportunities ahead.”