SUBSCRIBE NOW AND SAVE 3 months just 99¢/month

ADVERTISEMENT

ADVERTISEMENT

Rochester firm buys building leased by Mayo

A 22,106-square-foot building at 4544 Canal Place S.E. was purchased by 451 Enterprises LLC.

Heard on the Street - Jeff Kiger column sig

A medical complex in Southeast Rochester that is leased by Mayo Clinic recently sold for $1 million.

The 22,106-square-foot building at 4544 Canal Place SE was purchased Dec. 20 by 451 Enterprises LLC, a Rochester firm led by Richard A. Keehn.

That center is leased by Mayo Clinic to house its Family Clinic Southeast facility. The clinic features 30 exam rooms, five consultation rooms and one large procedure room. It is located in Rochester’s Shoppes on Maine commercial development, not far from a branch of the Mayo Clinic Employees Credit Union.

Also Read
Members Only
The Hue apartments at 33 Fourth St. SW were purchased by Mora, Minn.-based Gorham Housing Partners III, LLP on Dec, 29. Gorham paid a $3.6 million down payment. The 50-unit complex stands on the former site of Gallery 24/The Creative Salon next to 318 Commons.
Members Only
After months of work, First Meeting -- Chinese Fresh Hand-Pulled Noodles is scheduled to open in Suite 2 at 793 16th St. SW, between Buffalo Wild Wings and Associated Bank. That's the Mayowood Commons retail center which was purchased for $5.53 million on Dec. 23 by the unimaginatively named 793 16th Street Rochester LLC.
Members Only
Townies Grill’d Philly Subs started cooking at 244 Soldier Field Drive SW last week. The soft launch is expected to evolve into a full opening by early February. “Townies makes more of a hybrid hot sandwich. Our subs are like a cousin to cheesesteaks," owner Cody Livingood said.

Canal Place Pointe Inc., which is owned by a group of local investors, quietly built the complex in 2014. L.D.B.E. Johnson LLC, a Rochester company led by Lloyd Johnson, was the seller in the Dec. 20 transaction.

Olmsted County estimated the total market value of $4.4 million for 2021-22.

ADVERTISEMENT

In 2014, Dr. David Agerter, Mayo Clinic's employee and community health medical director, said the decision to lease rather than own the facility was made because "similar arrangements have worked well" for the clinic.

Jeff Kiger tracks business action in Rochester and southeastern Minnesota every day in "Heard on the Street." Send tips to jkiger@postbulletin.com or via Twitter to @whereskiger . You can call him at 507-285-7798.

Heard on the Street - Jeff Kiger column sig

What to read next
Columnist Harvey Mackay says pride can propel people to great accomplishments while also causing some to behave horrendously.
Kristen Asleson says using it as a learning experience will take you further.
Members Only
The shell of the 121,000-square-foot science and technology complex, linked to the original One Discovery Square center, is wrapping construction at 300 Second Ave. SW. The next stage of construction will build out the public meeting areas and lobby, and start work on tenant spaces aiming toward completion this summer.
Columnist Dave Conrad says that with work and diligence, every close-minded person can learn to be more objective and analytical.