SR Realty Trust Completes Acquisition of Retail Building in Burnsville
November 15, 2017
SR Realty Trust is pleased to announce the acquisition of Parkway Plaza, a neighborhood retail strip center located in downtown Burnsville, MN.
The 8,800 square foot retail center is 100% leased to six tenants, including a restaurant, hair salon, and coffee shop. Two of the tenants have occupied the building for over 25 years.
The acquisition closed on November 15, 2017 and SR Realty Trust partnered with two individuals using proceeds from Section 1031 exchanges.