Billion Real Estate Holdings buys most of former 3M corporate retreat in northern Minnesota

PARK RAPIDS, Minn. — A Sioux Falls company has purchased more than 150 acres of a former corporate retreat in northern Minnesota owned by 3M.

Billion Real Estate Holdings LLC of Sioux Falls has acquired 154.25 of the available 187.2 acres.

According to the Minneapolis-St. Paul Business Journal, the $4 million deal closed on Nov. 13. The title was recorded on Dec. 8, according to the Hubbard County Property Records Department. The county’s total estimated value of the four parcels and commercial buildings was $10,056,800…

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