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New owner means Woodbury Lakes will avoid Oct. 1 sheriff's sale

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Woodbury Lakes avoided foreclosure after the retail center's ownership changed hands.

The former owner, Woodbury Lakes Retail LLC, turned over the property to a lender, effectively canceling a sheriff's sale that was scheduled for next week.

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The lender, a limited liability company called DMARC, retained Minnetonka-based Welsh Companies to continue managing the upscale retail complex on Hudson Road between Radio and Woodbury drives.

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