First Washington Realty acquires Minnesota shopping center

First Washington Realty, a national real estate investment and management company based in Bethesda, Md., has announced the acquisition of Prairie Village Shopping Center, a 78,313-square-foot community shopping center located in Eden Prairie, Minn.

The property has long been a cornerstone of the thriving Minneapolis market and is anchored by the region’s top specialty grocery store, Kowalski’s, along with a terrific mix of national, regional and local merchants. Effective immediately, the asset will be rebranded and named Eden Prairie Village Shopping Center as a tribute to the vibrant community that has long embraced and frequented the property.

Eden Prairie Village Shopping Center is currently 98.4 percent leased and represents First Washington Realty’s third property in the Twin Cities.

First Washington Realty (FWR) is a fully integrated, national real estate investment and management firm that specializes in the ownership of convenience, necessity and experience-oriented retail real estate. 

FWR currently owns 97 shopping centers with a value of over $4.9 billion located in 22 states and the District of Columbia. Its centers contain approximately 12.9 million square feet with approximately 2,400 tenants.