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Cole Takes LA Fitness Bldg. for $10.4M

Solomon Sells Freestanding Gym in Brooklyn Park
By Heather Sellers
July 14, 2008 | 1:47 P.M.

Phoenix-based investment firm Cole Real Estate Investments acquired 6600 96th Lane in Brooklyn Park, MN from local developer Solomon Real Estate Group for $10.45 million, or about $232 per square foot. The property is under a 15-year absolute triple-net lease with LA Fitness with rent escalations every five years.

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