Semper Development Ltd. acquired the retail buildinga t 1055 E. Wayzata Blvd. in Wayzata, MN from Anchor Bank for $5.5 million, or about $371 per square foot.

Delivered in 1972, this three-story retial and office building will be demolished, and the site wiill be re-developed to include a new bank building, as well as a Walgreens Pharmacy. The Wayzata City Council gave approval to the redevelopment plan on March 4th.

No brokers were involved…

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