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Woodbury Lakes property aqcuired in real estate deal

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Company officials announced Monday that all of Opus Northwest's remaining Minnesota and South Dakota land holdings - including a Woodbury property - have been acquired by an affiliate.

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Acquired land includes a Woodbury Lakes outlot, one of 11 retail center properties included in the deal. Other Minnesota retail center outlots acquired include locations in Maple Grove and Rochester, as well as land in downtown Minneapolis.

"The acquisition of these land holdings further strengthens the foundation we are building on," Opus Holding, LLC, President and CEO Tim Murnane said in press release. "While market conditions overall are still challenging, we're starting to see new deals getting done and these are all assets that our team is intimately familiar with."

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