The team at Northstar recently closed on a multi-tenant property located in River Falls, Wisconsin: a Dollar General-anchored center, situated on the town’s main retail corridor.
“This was a really interesting deal because of how much local interest it generated,” commented Matt Hazelton, senior associate and a principal agent on the Northstar team. “Our marketing efforts generated multiple offers, and the ultimate buyer was an investor from the Twin Cities. It’s another good example of investors chasing centers anchored by solid tenants like Dollar General.”
This center benefitted from its extremely close proximity to the University of Wisconsin – River Falls campus, which lies just one mile to the south of the property and supports a large on-campus population of students.