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ANDY CHAFOULIAS

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On Feb. 1, BGD5 Development LLC, a Titan Development & Investments company, purchased the amalgam of buildings that housed Michaels restaurant, at the corner of South Broadway and West Center Street. Rochester-based Titan is led by CEO Andy Chafoulias, who has long been working on a development to be built on that high-profile downtown site.
The Wilkinson Family of Cos., under the name ALF Employer Minnesota LLC, purchased the River Bend Assisted Living & Memory Care complex at 30 Silver Lake Place NW on Nov. 10.
Minneapolis-based Dachis Three LLC purchased the building at 3376 Northern Valley Place NE, which houses US Bank as a tenant, for $2.05 million. GAC USB Development I LLC, which is part of Andy Chafoulias’ Titan Developments and Investments, sold the property.
Titan Development & Investments CEO Andy Chafoulias has been making changes lately, spurring speculation that he is less enthusiastic about doing business in Rochester in the wake of the recent death of his father, legendary developer Gus Chafoulias. In an interview this week, Chafoulias dispelled those theories, saying that he remains committed to the community, even as he grows his company nationally.

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City Centre, the 45,000-square-foot complex at 310 S. Broadway, was purchased on May 19 by Rochester NNN3 LLC. for $311 per square foot or a total of $14 million. Real estate investor Dr. Matt Onofrio sold the property under the name of Advanced Auto LLC.
Visionary developer Gus Chafoulias created many of the most prominent buildings in Rochester, but people close to his say his true legacy is how he helped and mentored others.
On Monday, the Rochester City Council approved the transfer of the licenses of four Andy’s Liquor stores to the St. Cloud-based Coborn’s. Coborn's owns more than 120 grocery stores in Minnesota, Wisconsin, South Dakota, North Dakota, Illinois and Iowa.
Titan Development & Investments recently terminated a purchase agreement to buy the Associated Milk Producers Inc. property at 700 First Ave. SE. The more than 13-acre property near downtown and the Zumbro River is now for sale again.
A Pittsburgh firm specializing in working with dairy companies plans to auction 700 pieces of equipment from Rochester's closed AMPI plant in early July.
Rochester developer Titan Development and Investment is said to be considering buying the former AMPI complex.

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