Retail property sold in Brooklyn Center

  • Updated: January 9, 2014 - 4:54 PM

No, it’s not THAT Brookdale (otherwise known as the former and somewhat infamous Brookdale Mall, now primarily a Wal-Mart store).

Brookdale Square, just north of Shingle Creek Crossings — otherwise known as the refurbished Brookdale Mall site — has been sold for $3.9 million to the city of Brooklyn Center.

Jeff Budish, one of the CBRE brokers on the deal, said the city plans to market the property to developers for housing and retail (The city also owns the adjacent land south of the property.)

Brookdale Square, at 5900 Shingle Creek Parkway, is a pretty sizable site at 23 acres with 185,800 square feet of existing retail.

The seller, Brixmor Property Group Inc., is a New York-based firm that owns and operates the nation’s largest wholly owned portfolio of grocery-anchored community and neighborhood shopping centers. Brixmor owns 12 such properties in Minnesota.

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