Acquisition Date: October 2016

Division Place is regional shopping center located along the busiest arterial road in St. Cloud, Division Street (MN-23). A majority of the retailers serving the St. Cloud, Minnesota metro are located along Division Street with high traffic counts and high demand for retail space within the corridor. Tenants in the center include TJMaxx, Tuesday Morning, Dollar Tree, Massage Envy, Famous Footwear, Starbucks and more.  Nearby national tenants include Walmart, Target, Macy’s, Scheels, Best Buy, Dick’s Sporting Goods and Burlington.

Given its central location and convenience within the St. Cloud trade area, Division Place serves the St. Cloud population (66,297) as well as surrounding communities such as Waite Park, Sartell, Sauk Rapids, and St. Joseph (189,093 total). The Division Place trade area has an excellent daytime population, given its proximity to downtown St. Cloud, St. Cloud State University, and proximity to many other businesses located along the Division Street & 2nd Street corridor. Additionally, the St. Cloud MSA enjoys high average household income, due to the area’s well-educated employment base and steady job growth.