April 27, 2015
St. Paul Macy's buyer is a Walgreens developer
The company buying a piece of the St. Paul Macy’s building has a track record of developing Walgreens stores in the Twin Cities.
Capital Real Estate Inc. of Minneapolis controls the company that bought 25,570 square feet of the Macy’s building, at 396 Wabasha St., and has been involved with several Walgreens developments.
Capital Real Estate owner Rick Hauser said he has not signed a lease with any tenant and declined to say if he was working with Walgreens for the Macy’s space on the street level…