First Washington Realty Buys Village of Blaine (220,685 SF) in Minneapolis

Reported Sep 23, 2026 · Source: CRE News

Source: CRE NewsRead the full report at CRE News ↗

Deal details

Buyer
First Washington Realty affiliate
Seller
Pine Tree
Price
$45.8M
Size
220,685 SF; $207.54/SF
Price per SF
$208 per SF (our calculation)
Asset class
Retail
Transaction
Sale
Sub-market
North & Northwest Suburbs
Metro
Minneapolis-St. Paul
Reported date
Sep 23, 2026

Summary

An affiliate of First Washington Realty has paid $45.8 million, or $207.54/sf, for the 220,685-square-foot Village of Blaine Shopping Center in Blaine, Minn., about 16 miles north of Minneapolis. The Bethesda, Md., company purchased the property from Pine Tree of Northbrook, Ill., according to the Minneapolis / St. Paul Business Journal.

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

Source: CRE News

Read the full report at CRE News. What the article says:

  • Deal / Price / Size / Seller
    Minneapolis / St. Paul Business Journal An affiliate of First Washington Realty has paid $45.8 million, or $207.54/sf, for the 220,685-square-foot Village of Blaine Shopping Center in Blaine, Minn., about 16 miles north of Minneapolis. The Bethesda, Md., company purchased the property from Pine Tree of Northbrook, Ill., which had paid $34 million for it […]

Article date: 2026-09-23T20:57:23+00:00

Quick answers

Who bought Village of Blaine?
First Washington Realty bought Village of Blaine in North & Northwest Suburbs, Minneapolis, according to CRE News.
How much did Village of Blaine sell for?
The reported price is $45.8M ($208 per SF, our calculation), per CRE News.
How big is Village of Blaine?
220,685 SF; $207.54/SF, as listed from the source.
When was this sale reported?
Reported Sep 23, 2026 by CRE News.

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