Chicago TREND closed the sale of Hawthorn Crossings Shopping Center in Minneapolis from Sherman Associates Commercial Properties. Under Chicago TREND’s ownership, HCSC has 97 small investors from Minneapolis who are co-owners of the property. The purchase price for HCSC was $9MM.
This first-of-its-kind offering will give the community co-owners a stake in HCSC’s ownership and success.
HCSC is located at West Broadway on the Northside of Minneapolis. The shopping center is a 51,459 square foot property that’s leased to a number of long-term tenants, including a community medical services provider, a family beauty supply business, McDonalds, O’Reilly Auto Parts, and US Bank…