MINNEAPOLIS – Transwestern Real Estate Services (TRS) announces the sale of 3219 Division St. in St. Cloud, Minnesota. The 6,170-square-foot building was sold by PepperJax Development, LLC to Coconi’s Properties LLC. The seller was represented by TRS Vice President Brad Kaplan and Senior Associate Molly Townsend.
“The property, located at the corner of 33rd Avenue North and Division Street, is an ideal spot for retail and restaurant users,” said Kaplan. “With a tenant currently occupying the retail space and a full-service kitchen and restaurant ready to be utilized by the new owner, this sale is a benefit for the area.”
Cricket Wireless currently occupies 2,125 square feet inside the property. New owner Coconi’s Properties will relocate its restaurant Gilberto’s into the vacant space, a 4,045-square-foot, full-service restaurant with a drive-thru window, patio space, and pylon signage along Division St. The building shares a 42-spot parking lot with a second property, which is occupied by Tires Plus, and a third property occupied by Scooter’s Coffee.
Coconi’s Properties was represented by RE/MAX broker William Molitor.
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About Transwestern Real Estate Services
Part of the Transwestern companies, Transwestern Real Estate Services (TRS) strives to add value for investors, owners and occupiers across all commercial property types. Fueled by a holistic perspective of the real estate life cycle, agility and creativity are hallmarks of our approach, while vast national resources and sound market intelligence underpin customized recommendations and property solutions.
Four dynamic, integrated companies make up the Transwestern enterprise, giving us the perspective to think broadly, deeply and creatively about commercial real estate. Clients and investors rely on us for expertise that spans institutional and opportunistic investment, development, hospitality, and brokerage and asset services. Our award-winning, collaborative culture empowers team members with resources and independence to work across boundaries in pursuit of innovative solutions, reinforcing a reputation for service excellence that translates to measurable results. Through offices nationwide and alliance partners around the globe, we positively impact the built environment and our communities while fostering a work climate that champions career vitality for all. Learn more at transwestern.com and @Transwestern.
Media Contact:
Mason Johnson
(312) 558-3897
mason.johnson@transwestern.com
twmediarelations@transwestern.com
