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A southeast Rochester complex sold for $2.3 million last week.

The building at 1607 U.S. Highway 14 East, where Air Insanity is located, was purchased by New Line Investments LLC on Oct. 8 with a down payment of $5,000.

The sale has no impact on Air Insanity, which will remain open.

New Line Investments is based at 612 11th Ave. NW in Rochester, which lists a phone number used by commercial Realtor Jay Christenson as a contact number.

Cosmos, Minn.-based Janus Investments LLC, an investment group led by Rochester contractor Nathan Hartung, sold the complex.

Janus purchased the 30,000-square-foot building in 2015 for $1.3 million. The 38-year-old building had housed a Big Lots store until it closed in January 2015.

The sale of the former Big Lots store also gave new life to development project in front of the adjacent Eastwood Plaza at 1513 12th St. SE.

Construction of a 5,040-square-foot retail building was halted due to an easement issue with the former owner of the Big Lots building, Dan Penz. As HartCo, Hartung was a general contractor for the project that worked for Ari Kolas, one of the owners of Eastwood Plaza.

Hartung and the new owners of the Big Lots store resolved the easement issue, so construction on the Eastwood Plaza building was able to be completed.

Olmsted County estimated the total market value of the property at $871,400 for 2018-2019.

The value of the property leaped forward in 2018 when Scott and Katrina Pulham leased the building and then extensively renovated it in 2018 to launch their Air Insanity business.

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 285-7798.

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