May 7th, 2013Land Deal Makes Way for Eagan Outlet Mall
Eagan, MN – All the pieces are falling into place for the new Paragon Outlet mall that is planned for Eagan.
Recently, the CBRE Minneapolis Land Services Group said it represented the Baltimore-based outlet mall in the purchase of 29 acres for the development. The seller was the city of Eagan, and the selling price for just the land was $5.8 million. The overall sale price was $14.73 million, which included funds to relocate streets and utilities, and a contribution for parking.
Paragon Outlet Partners plans a $100 million 400,000-square-foot upscale outlet mall for the southeast quadrant of Highway 77 and Highway 13. The open-air mall is expected to open in late 2014.Continue Reading »