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1462 posts categorized "Real estate news"

November 24, 2014

Bandel Road Business Center sold for $1.6 million

A commercial center on Rochester's Bandel Road recently sold for almost $1.6 million as an investment for the future.

Vance Prigge, majority owner and president of Atlas Insurance Brokers, bought the Bandel Road Business Center at 5721 Bandel Road N.W. from local architect David Kane. Its current tenants are Kelly Services and Thrivent Financial. There's about 2,000 square feet still available for another tenant.

64585318ee614fa1aaade37b6bf6b76cPrigge describes the purchase as an investment with an eye to possibly use the building as a home for Atlas Insurance in the future. However, he has no immediate plans to make any moves or change anything about the building. He bought the property through his corporation, Centurion Blue Holding, LLC.

Commercial Realtor Scott Hoss handled the purchase for Rochester's Paramark Real Estate Services. Gary O’ Conner from Security State Bank of Wanamingo handled the financing.

The center was built by Rochester developer Jeff Brown in 2007.

November 18, 2014

In praise of shoes, Hawley opens Luya Shoes in Zumbrota

Connie Hawley really, really loves shoes and sees them as art.

She has now brought that vision to life on Zumbrota's Main Street in her new store, Luya Shoes and Other Fine Things. The 4,000-square-foot store carries footwear of all kinds for women, men and young children.

10305598_10154867691090571_6430566947257334096_n"Shoes are very sculptural. Even if you aren't wearing it, you can see it in a box or in a closet and it is beautiful. Shoes make people happy," Hawley said.

Since these "sculptures" are ones that people wear, she says it's equally important for them to be as comfortable and durable as they are attractive.

"I've tried to find brands and styles you can't find anywhere else in the area," Hawley said.

10670270_867058883338632_8450038742804535500_nShe has hand-made moccasins from Spring Grove and popular brands that include OTBT, Rieker, Naot, Corky's Footwear and Corral boots. Luya also carries jewelry, belts and purses, including Baggallini bags. For men, Hawley also has conditioners for beards as well as related gift baskets and accessories.

Adding to the art gallery feel of her store, she displays her products on cabinets and shelves refinished by Jim Hahler of Hahler Restoration and Design. She also has artwork by three local artists for sale on the walls.

The one big question remaining is: What's the story behind the name Luya?

Hawley explained that she has talked about opening a shoe store for many years. Part of that dream also was playing on her last name of Hawley and calling the shop something like HawleyLuya, pronounced like hallelujah.

"I realized it was kind of crazy and a bit too long and too hard to say," she said. "But I still liked Luya, so that's what I went with."

Christian Book and Gift to close after 57 years

After 57 years on North Broadway, the family-owned Christian Book and Gift Shop announced Monday it will close its doors for good on Dec. 31.

264155_10150248194599430_474142_nIn a note to customers, owner/manager Karen Mulholland McKenzie and co-manager Judy Mulholland stated it was a heart-breaking decision to close the store at 815 N. Broadway.

Christian Book and Gift was launched by Karen's parents, Dennis and Elaine Mulholland, in 1957, when they purchased the Home Book Shop from Harry Boyer. They ran the store for many years out of the family’s nearby home on North Broadway, until expanding into the commercial store and growing it into one of the largest stores of its kind in the region.

“We’d ... like to express our deep sense of grief over no longer being able to provide this service to our customers and our community," they wrote. "There are myriad challenges in running a Christian retail business and independent bookstore — challenges that require youth and energy to stay in the game."

As the store has struggled, the Mulhollands have been talking to several Christian retailer chains looking for a buyer, but they were unable line up anyone to take over the store.

The store temporarily closed on Monday to prepare for a "Going Out of Business" sale and will re-open with marked down products on Thursday.

In their statement, the family voiced their appreciation for their "loyal customers" and their 11 employees, "many of whom have been with the bookstore through several building expansions and countless story times, summer tent sales and events with local and national Christian authors."

This announcement follows on the heels on the recent sale of the store, its parking lot and four houses to Samaritan Bethany. The senior living facility is just across Eighth Street from the book store, and its employee parking lot is adjacent to it. Samaritan Bethany closed on the purchase on Oct. 31.

"We have no current plans for the property," said Sue Knutson of Samaritan Bethany. "When we expanded the lot a while back, we let everyone in the neighborhood know that we'd be interested in buying property in the area. The siblings recently decided they were ready to sell."

Knutson said Samaritan Bethany had intended to lease the 7,500-square-foot store to the family, so they could keep the business running. Now that it's closing, she said they will look for a retailer to take over the space.

The Mulhollands also hope another business will step into the space.

"Our prayer is that a business person with a heart for this type of store will come to the area and open a great shop that will meet the changing needs in this community,” they wrote in their announcement.

November 17, 2014

Buckeye Liquor to stay in downtown Rochester

Much like peanut butter and chocolate getting together, a downtown Rochester liquor store is moving in next to a pizza place in early 2015.

11172014buckeyeliquorRobert Satterwhite, who owns Buckeye Liquor with his wife Diane Satterwhite, plans to scoot the store a few dozen yards from its spot on the corner of Third Avenue Southeast and Fourth Street to the Domino's Pizza building at 438 Third Ave. S.E.

The shift is expected to happen in February or March 2015.

"We're pretty excited to be moving next to Domino's. Who doesn't like a beer or a nice wine with pizza?", said Satterwhite.

The coming development of a $15 million, 110-unit apartment complex on that corner is spurring the move of the 49-year-old liquor store. Stencil Homes of Sioux Falls, S.D., has purchased three buildings — Buckeye Liquor, the empty Flowers By Jerry shop and the 3rd Avenue Pet Hospital — on Third Avenue. The Satterwhites now lease their corner building from developer Nate Stencil and his partner, Sean A. Kaufhold.

While there is not a deadline for Buckeye to move, it's clear that the current building will be demolished to make way for the coming project.

"They are not pushing out us or anything. We just wanted to make sure to secure another space in downtown as soon as we could," he s11172014dominoson3rdaid.

Satterwhite and two employees will have more room once they move in next to Domino's. The new 1,800-square-foot space is about 500 feet larger than the original Buckeye store, which Stanley Mohn, built in 1965. An international grocer was the last tenant next to Domino's.

Marty Gritz, who owns Domino's as well as the building, renovated it in 2013. He re-divided the building into two equal parts to give his dough makers an additional 600 square feet

The good news for Buckeye is that Domino's location is often the busiest of  the 120 Domino's franchises in the Midwest region.

November 08, 2014

The fall of the Flamingo

It may be almost winter with snow in the forecast, but it is definitely "fall" time at Rochester's former Flamingo Bingo/Circus World/ Skateland building

11082014flamingodemo1Demo crews have been chewing away at the empty building at 2828 U.S. 52 North in the past week or two. With about half of the 42-year-old building already gone, it's definitely "game over" for the former entertaonment parlor.

The Twin Cities-based Luther Automotive Group owns the building and it launched demolition plans in October, though the company has no immediate plans for the property.

"I'm simply taking it down because I just don't want to carry the building through the winter. The roof is compromised," said Linda McGinty, Luther's director of real estate and development, last month. "We just don't have a use for it. When we do develop this site, that was a building that we weren't planning on reusing."

The car dealer bought the 42-year-old building for $950,000 back on Jan. 17. Luther also owns Park Place Motors, Rochester's BMW dealership. Since Park Place is nearby, Luther theoretically could use the ex-bingo property to expand Park Place or possibly to introduce a new dealership into the market.

Flamingo Bingo, which raises money for the Rochester Senior Center, moved out of the 2828 building in April and into the Elks Lodge 1091 at 1652 U.S. 52 North in the Hillcrest Shopping Center.

It had operated in that building since 2007. Prior to the creation of Flamingo Bingo, it was the home of Circus World Bingo, which raised funds for Rochester's Catholic schools.

November 05, 2014

Marco business systems is on the move

A business technology firm will soon move out of its northwest Rochester complex.

Marco Inc. plans to move out of its long-time Rochester headquarters at 3416 Lakeridge Place N.W. to another office complex at 1014 Bel Air Lane N.W., just off 37th Street, says Regional Sales Manager Judy Weller.

The plan is to make the move on Nov. 24 and Nov. 25. Marco, which is based in St. Cloud, has about 18 employees on staff in Rochester, according to Weller.

"We think this will be a more functional space for us," she said. "We have a large garage in our current building, which we Marco:venture buildingnever use."

Marco, which is employee-owned, plans to lease the new office space. It currently leases the Lakeridge Place complex from Jon Eckhoff. He built the 9,794-square-foot facility in 2005 for his company, Venture Computer Systems.

The St. Cloud company entered the Rochester market in 2009 when it bought Venture from Eckhoff. He retained ownership of the building. Eckhoff went on to serve as the executive director of the Rochester Downtown Alliance for five years and now works for Jaguar Communications.

Marco offers a wide array of technology services involving networking, telephone systems, video conferencing, IT consulting as well as selling printers and copiers. It has offices throughout the Midwest in Minnesota, Iowa, Wisconsin, South Dakota, North Dakota and Illinois.

November 04, 2014

Developer to build $15 million apartment complex near Roch. city hall

A South Dakota developer plans to build a $15 million, 110-unit apartment complex near downtown Rochester, plus 179 more apartments on the far northwest side.

Stencil Homes of Sioux Falls, S.D., has purchased three buildings — Buckeye Liquor, the empty Flowers By Jerry shop and the 3rd Avenue Pet Hospital — on Third Avenue Southeast and Fourth Street, across from the Olmsted County Government Center and Rochester City Hall.

11042014stencilaptsDeveloper and builder Nate Stencil and his partner, Sean A. Kaufhold, plan to build a six-story apartment complex with 3,100-square-feet of retail space on the main level and underground parking for residents.

"We're really excited about this project," Stencil said on Monday. He expects construction to begin in early spring 2015 and the complex to be completed in spring 2016.

To clear the way for the project, his company purchased the former flower shop at 410 Third Ave. S.E. for $450,000 on Oct. 15 and followed up with a $600,000 buy on Oct. 22 of the Buckeye Liquor building and nearby parking lots. Stencil bought those properties from Kevin Patton, the owner of Flowers By Jerry.

"I just think it is going to be nice to put something there to revitalize the neighborhood," Patton said.

Diane and Robert Satterwhite, who operate Buckeye Liquor and now lease from Stencil, said they will move their liquor store and continue to serve Rochester. However, no timeline for that has been determined.

The developers also recently purchased the 3rd Avenue Pet Hospital at 414 Third Ave. S.E. Dr. Caroline Baihly, who has owned 3rd Avenue since 1998, is essentially merging her clinic with the Quarry Hill Animal Hospital. After Nov. 24, Dr. Baihly and the other doctors at Quarry Hill will serve her client list.

"At this point, I looking forward to the change," she said.

With the surge of Destination Medical Center-driven development, this was something Baihly expected to happen eventually.

"I looked at the practicality of the whole thing," she said. "It seems when I look at the DMC map that this whole area is included. I think DMC has a lot to do with it."

Stencil said DMC did have something to do with the Third Avenue project, though it cropped up after they already had decided to invest in Rochester. He began working with Rochester Realtor Merl Groteboer about three years ago.

"When we started, DMC wasn't even on our radar. We were well into planning before we even heard about it," he said. "Though the project in downtown was probably influenced by it."

Second project

Stencil and his partner also have lined up property near the 65th Street Northwest interchange across U.S. 52 from the new North Menards store. Construction of the 83-unit Woodland Park apartments began there a few weeks ago. Stencil said he expects Woodland, which architecturally will be similar to the Metropolitan Marketplace complex, to be completed by late spring to early summer.

Work on Stencil's third complex, Kascade Place, is expected to begin nearby soon after Thanksgiving. It will have 96 apartments.

Those apartments, along with the proposed downtown ones, will be priced comparably to other market rate units in Rochester, he said. That means rents ranging from $900 to $1,000 a month.

"We feel very good about the market apart from DMC," said Stencil. "We believe the need for housing is coming as part of Rochester's natural growth."

November 03, 2014

Loop creators to build new restaurant in NW Roch.

Four Rochester restaurateurs plan to follow up the success of The Loop by building a new family place.

Ryan Brevig, Todd Jensen, Derek Link and Josh Paulsen opened The Loop in 2012 in downtown Rochester. It was their third restaurant, though their first in Rochester. Now, the quartet of 1997 John Marshall alumni are ready serve up a new restaurant concept to the Med City.

11032014citizenrestaurant"We've wanted to do this for a long time. We're in a place where we want to expand in Rochester," said co-owner Brevig. "Now, we have a green light to go ahead."

They've purchased land in the northwest development anchored by Costco, with plans to build a 7,800-square-foot restaurant to be called Citizen Kitchen & Bar. It will be positioned near the northeast corner of 19th Street and West Circle Drive.

The tentative plan is "to move some dirt in two weeks" and then get the building framed up before winter hits. If all that happens on schedule, they hope to open in April or May.

While this new creation will have some of the flavor of The Loop, it will have its own identity, explained Brevig. Many of the four partners now have young families, and they wanted this new restaurant to be more welcoming to families than their three restaurants that tilt toward a young adult crowd.

The menu will cover familiar territory for Loop fans. He describes it as "contemporary casual American food."

Opening Citizen is also about giving back to the city they call home.

"That's why we decided on Citizen as a name. All four of us are citizens of Rochester. It seemed to make sense to us," said Brevig.

This will be the fourth upscale restaurant the Loop team have opened in the last eight years. 

Their two Minneapolis eateries, the original Loop and Bar 508, were built in historic buildings in very urban settings. The Rochester Loop was different because it was part of the new construction of the 318 Commons complex. However, it also is a very downtown operation based on a busy city street.

"It will have a little more of a suburban feel," he said. "And this will be the first really stand-alone building we've built," he said.

That means they can do some things that weren't possible in the other properties. Citizen will include a private dining room that will be available for reservation for events. It also will feature a larger kitchen, which will allow Citizen to offer catering.

Making "a significant investment" into Rochester like this means Brevig and his partners also will be adding to the already large workforce they employ. They have 167 people working at the three current properties. The expectation is to add another 47 people to the team when Citizen starts cooking in 2015.

October 29, 2014

New downtown Rochester fitness studio warming up for opening

A new fitness studio is gearing up to open in downtown Rochester before the holiday feasting begins.

Sarah Pacchetti's Studio on Third is all set to open on Monday at 18 Third Ave. S.W. in the basement of the Merchant Exchange Building.  The 1,000-square-foot fitness center is tucked in next to The Doggery cocktail bar.

10282014studioonthirdThe studio offers hip hop, Barre, Piloxing, Zumba and yoga classes for Rochester folks as well as visitors staying in downtown hotels.

"I've been playing with this idea for years. I wanted to open a place that would be fun and empower others," she said in July, when she announced her plans for the studio.

Pacchetti is a certified instructor previously taught classes at Mayo Clinic's Dan Abraham Healthy Living Center. She has a team of nine instructors or as she calls them "inspire-ers." That team includes a couple of names that are familiar to the Rochester business community, Jess Irhke and Sara Pennington.

Sarah, with her husband John Pacchetti, bought half ownership of the basement level of the Merchants Exchange Building in June. The Pacchettis co-own the space with Scott Hoss, who also handles the leasing as an agent of Rochester's Paramark Real Estate Services.

The Pacchettis also own the Rochester-based Home Instead senior care operation that serves southeastern Minnesota.

October 28, 2014

Firewood biz turns up the heat on ash borers

A local firewood business plans to use a new Rochester retail site to heat things up for the insidious tree pest, the emerald ash borer.

Procut Firewood, which has been operating in the area for 25 years, launched its first Rochester sales spot last week at 2660 N. Broadway, next to Space Concepts. And soon, Procut owner Marv Sawyer plans to add his wood kiln to the site.

Procut uses the wood kiln, which Sawyer says has been certified by the Minnesota Department of Natural Resources and the U.S. Department of Agriculture, to sterilize firewood. That's significant now that the emerald ash borer has been found in local trees. To keep the tree-killing pest under control, the state has set up a restrictive quarantine to keep any possibly tainted firewood from leaving the county.

The only exception is wood that has been sterilized in a kiln, like Procut's. Basically, the kiln kills the borers, while also drying the wood for better burning in fireplaces, wood stoves or campsites, Sawyer said.

"The best thing about this is that we can utilize these trees that city and tree services are taking down. Within 24 hours, we can turn these trees into firewood that's good, safe and can be used anywhere," he said.

The city of Rochester or tree-cutting services bring the wood of any type, including ash, for Procut to process.

Procut now is selling firewood for pickup or for delivery by its two trucks on North Broadway. They are awaiting a natural gas hookup to soon be installed before bringing in the kiln.

Mike Haley, of Braasch Commercial Real Estate, handled the deal for Sawyer to acquire the lot space from Keith Witter, of Space Concepts.