{"id":592,"date":"2021-07-07T09:15:43","date_gmt":"2021-07-07T09:15:43","guid":{"rendered":"https:\/\/simekpg.com\/?p=592"},"modified":"2021-10-11T09:16:32","modified_gmt":"2021-10-11T09:16:32","slug":"simek-property-group-expands-retail-presence-with-acquisition-of-parkway-plaza-in-minneapolis","status":"publish","type":"post","link":"https:\/\/simekpg.com\/simek-property-group-expands-retail-presence-with-acquisition-of-parkway-plaza-in-minneapolis\/","title":{"rendered":"Simek Property Group Expands Retail Presence with Acquisition of Parkway Plaza in Minneapolis"},"content":{"rendered":"<p>St. Paul, MN, July 7, 2021 \u2013 Simek Property Group purchased Parkway Plaza for $6,200,00 as part of a 1031 Exchange. The 37,426 square foot retail center built in 1998 is located at 4701-4751 Hiawatha Avenue in Minneapolis and is currently 97% occupied.<\/p>\n<p>\u201cThis was a great value-add opportunity\u2015the location only gets better as it is in the middle of a major surge of new development\u201d said Stuart Simek, President and Owner of Simek Property Group. \u201cWe plan to rebrand the center with fa\u00e7ade updates, signage, landscaping, etc.\u201d<\/p>\n<p>Parkway Plaza is shadow anchored by Cub Foods and the Lowa46 development and is located across the street from the 46<sup>th<\/sup> Street Light Rail Station and Minnehaha Regional Park. Said Simek \u201cWith over 500 rental units being built in the area in the last 5 to 7 years we saw a real opportunity with this property. There are limited retail options in this area and this center is the anchor for the southeast corner of Minneapolis and Highland\/Mac Groveland in St. Paul.\u201d<\/p>\n<p><strong>About Simek Property Group.<\/strong> Simek Property Group has been involved in the commercial real estate investment business since 1995. Investment projects have included multi-family, office, and retail. Development projects have included townhomes, retail, and condo conversions. They own more than 350 apartment units and 100,000 square feet of retail and industrial throughout the Minneapolis-St. Paul area.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>St. Paul, MN, July 7, 2021 \u2013 Simek Property Group purchased Parkway Plaza for $6,200,00 as part of a 1031 Exchange. The 37,426 square foot retail center built in 1998 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Simek Property Group Expands Retail Presence with Acquisition of Parkway Plaza in Minneapolis - Simek Property Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/simekpg.com\/simek-property-group-expands-retail-presence-with-acquisition-of-parkway-plaza-in-minneapolis\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Simek Property Group Expands Retail Presence with Acquisition of Parkway Plaza in Minneapolis - Simek Property Group\" \/>\n<meta property=\"og:description\" content=\"St. Paul, MN, July 7, 2021 \u2013 Simek Property Group purchased Parkway Plaza for $6,200,00 as part of a 1031 Exchange. The 37,426 square foot retail center built in 1998 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/simekpg.com\/simek-property-group-expands-retail-presence-with-acquisition-of-parkway-plaza-in-minneapolis\/\" \/>\n<meta property=\"og:site_name\" content=\"Simek Property Group\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-07T09:15:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-10-11T09:16:32+00:00\" \/>\n<meta name=\"author\" content=\"Admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/simekpg.com\/simek-property-group-expands-retail-presence-with-acquisition-of-parkway-plaza-in-minneapolis\/\",\"url\":\"https:\/\/simekpg.com\/simek-property-group-expands-retail-presence-with-acquisition-of-parkway-plaza-in-minneapolis\/\",\"name\":\"Simek Property Group Expands Retail Presence with Acquisition of Parkway Plaza in Minneapolis - Simek Property Group\",\"isPartOf\":{\"@id\":\"https:\/\/simekpg.com\/#website\"},\"datePublished\":\"2021-07-07T09:15:43+00:00\",\"dateModified\":\"2021-10-11T09:16:32+00:00\",\"author\":{\"@id\":\"https:\/\/simekpg.com\/#\/schema\/person\/305e3e64318abb6b95004c2b642e2ea5\"},\"breadcrumb\":{\"@id\":\"https:\/\/simekpg.com\/simek-property-group-expands-retail-presence-with-acquisition-of-parkway-plaza-in-minneapolis\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/simekpg.com\/simek-property-group-expands-retail-presence-with-acquisition-of-parkway-plaza-in-minneapolis\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/simekpg.com\/simek-property-group-expands-retail-presence-with-acquisition-of-parkway-plaza-in-minneapolis\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/simekpg.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Simek Property Group Expands Retail Presence with Acquisition of Parkway Plaza in Minneapolis\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/simekpg.com\/#website\",\"url\":\"https:\/\/simekpg.com\/\",\"name\":\"Simek Property Group\",\"description\":\"Just another WordPress site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/simekpg.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/simekpg.com\/#\/schema\/person\/305e3e64318abb6b95004c2b642e2ea5\",\"name\":\"Admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/simekpg.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/104e7ff07c76a1c6a4a16604a90f5471?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/104e7ff07c76a1c6a4a16604a90f5471?s=96&d=mm&r=g\",\"caption\":\"Admin\"},\"url\":\"https:\/\/simekpg.com\/author\/brandy-quickgmail-com\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Simek Property Group Expands Retail Presence with Acquisition of Parkway Plaza in Minneapolis - Simek Property Group","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/simekpg.com\/simek-property-group-expands-retail-presence-with-acquisition-of-parkway-plaza-in-minneapolis\/","og_locale":"en_US","og_type":"article","og_title":"Simek Property Group Expands Retail Presence with Acquisition of Parkway Plaza in Minneapolis - Simek Property Group","og_description":"St. Paul, MN, July 7, 2021 \u2013 Simek Property Group purchased Parkway Plaza for $6,200,00 as part of a 1031 Exchange. The 37,426 square foot retail center built in 1998 [&hellip;]","og_url":"https:\/\/simekpg.com\/simek-property-group-expands-retail-presence-with-acquisition-of-parkway-plaza-in-minneapolis\/","og_site_name":"Simek Property Group","article_published_time":"2021-07-07T09:15:43+00:00","article_modified_time":"2021-10-11T09:16:32+00:00","author":"Admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/simekpg.com\/simek-property-group-expands-retail-presence-with-acquisition-of-parkway-plaza-in-minneapolis\/","url":"https:\/\/simekpg.com\/simek-property-group-expands-retail-presence-with-acquisition-of-parkway-plaza-in-minneapolis\/","name":"Simek Property Group Expands Retail Presence with Acquisition of Parkway Plaza in Minneapolis - Simek Property Group","isPartOf":{"@id":"https:\/\/simekpg.com\/#website"},"datePublished":"2021-07-07T09:15:43+00:00","dateModified":"2021-10-11T09:16:32+00:00","author":{"@id":"https:\/\/simekpg.com\/#\/schema\/person\/305e3e64318abb6b95004c2b642e2ea5"},"breadcrumb":{"@id":"https:\/\/simekpg.com\/simek-property-group-expands-retail-presence-with-acquisition-of-parkway-plaza-in-minneapolis\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/simekpg.com\/simek-property-group-expands-retail-presence-with-acquisition-of-parkway-plaza-in-minneapolis\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/simekpg.com\/simek-property-group-expands-retail-presence-with-acquisition-of-parkway-plaza-in-minneapolis\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/simekpg.com\/"},{"@type":"ListItem","position":2,"name":"Simek Property Group Expands Retail Presence with Acquisition of Parkway Plaza in Minneapolis"}]},{"@type":"WebSite","@id":"https:\/\/simekpg.com\/#website","url":"https:\/\/simekpg.com\/","name":"Simek Property Group","description":"Just another WordPress site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/simekpg.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/simekpg.com\/#\/schema\/person\/305e3e64318abb6b95004c2b642e2ea5","name":"Admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/simekpg.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/104e7ff07c76a1c6a4a16604a90f5471?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/104e7ff07c76a1c6a4a16604a90f5471?s=96&d=mm&r=g","caption":"Admin"},"url":"https:\/\/simekpg.com\/author\/brandy-quickgmail-com\/"}]}},"_links":{"self":[{"href":"https:\/\/simekpg.com\/wp-json\/wp\/v2\/posts\/592"}],"collection":[{"href":"https:\/\/simekpg.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/simekpg.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/simekpg.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/simekpg.com\/wp-json\/wp\/v2\/comments?post=592"}],"version-history":[{"count":0,"href":"https:\/\/simekpg.com\/wp-json\/wp\/v2\/posts\/592\/revisions"}],"wp:attachment":[{"href":"https:\/\/simekpg.com\/wp-json\/wp\/v2\/media?parent=592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/simekpg.com\/wp-json\/wp\/v2\/categories?post=592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/simekpg.com\/wp-json\/wp\/v2\/tags?post=592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}