ST. PAUL, Minn., May 9, 2011 – St. Paul, Minn.-based Paster Enterprises, a leading manager and developer of neighborhood shopping centers in the Twin Cities, announced today that Whole Foods Market, the world’s leading natural and organic foods supermarket, is opening a 32,000 square foot, standalone location at the company’s Minnetonka property. Paster Enterprises President Howard Paster made the announcement.
Construction on the project, a joint venture between Paster Enterprises and Shiner Capital Partners, a Chicago-based real estate investment firm with a focus on acquiring and developing retail shopping centers across the Unites States, officially began on April 20, 2011. Located at 1001 Plymouth Road, the Minnetonka location will reflect the Whole Foods Market mission of supporting sustainable agriculture and the environment by offering natural and organic foods with a focus on fresh fruits and vegetables, specialty items, high-quality meats and produce, everyday pantry staples and sustainable seafood.
“This new Whole Foods Market location will be a true asset to the residents of Minnetonka and the surrounding communities,” said Paster. “We are pleased and proud to welcome such a high-level, progressive supermarket to one of our Twin Cities properties.”
Under general contractor Novak Construction, the exterior of the current building, a former Circuit City location, will receive minor modifications, while the interior of the building will undergo a complete overhaul. Whole Foods Market is slated for a fall 2011 opening.
Founded in 1946, Paster Enterprises is a family-owned leader in shopping center management and development that owns and manages more than 1,000,000 square feet of commercial real estate. For over 60 years, Paster Enterprises has planned, built, leased and managed attractive, successful shopping centers in the Twin Cities metropolitan area, as well as in greater Minnesota. Paster Enterprises is committed to helping retailers flourish and serving as an excellent corporate citizen in the communities in which they have shopping centers.