Quantum Acquisitions Buys Rainbow Village retail center (131,812 SF) in Minneapolis

SaleRetailNorth & Northwest Suburbs

Reported Oct 30, 2026 · Source: Finance & Commerce

Source: Finance & CommerceRead the full report at Finance & Commerce ↗

Deal details

Buyer
Quantum Acquisitions LLC (Blaine)
Seller
405 87th LLC (Edina)
Price
$7.3 million
Size
131,812 SF
Price per SF
$55 per SF (our calculation)
Asset class
Retail
Transaction
Sale
Sub-market
North & Northwest Suburbs
Metro
Minneapolis-St. Paul
Reported date
Oct 30, 2026

Summary

Quantum Acquisitions LLC acquired the 131,812-square-foot Rainbow Village retail center in Blaine for $7.3 million from 405 87th LLC. The sale follows the bankruptcy filing of pickleball franchisor The Picklr. Source: Finance & Commerce.

Summarized from the article; the quoted lines below are from the article itself.

Source: Finance & Commerce

Read the full report at Finance & Commerce. What the article says:

  • Deal
    Quantum Acquisitions bought Blaine’s Rainbow Village retail center as The Picklr bankruptcy reshapes pickleball plans. Investors acquired Parkway Gardens senior housing in St. Paul.
  • Deal / Price / Size / Buyer / Seller
    Quantum Acquisitions LLC acquired the 131,812-square-foot Rainbow Village retail center in Blaine for $7.3 million from 405 87th LLC. The sale follows the bankruptcy filing of pickleball franchisor The Picklr and returns focus to a long-established Twin Cities retail property with nearly a dozen tenants.

Article date: 2026-10-30T18:18:39+00:00

Frequently asked questions

Who bought Rainbow Village retail center?
Quantum Acquisitions LLC bought Rainbow Village retail center in North & Northwest Suburbs, Minneapolis, according to Finance & Commerce.
How much did Rainbow Village retail center sell for?
The reported price is $7.3 million ($55 per SF, our calculation), per Finance & Commerce.
Who sold Rainbow Village retail center?
The seller was 405 87th LLC, per Finance & Commerce.

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Compiled from public sources; details can differ between sources. Always verify with the linked source.