Bridge33 Capital Acquires The Shoppes of Oak Park Heights in Minnesota
Oak Park Heights, Minnesota – September 09, 2026 - Bridge33 Capital is pleased to announce the acquisition of The Shoppes of Oak Park Heights, a premier 173,283-square-foot retail center strategically located in Oak Park Heights, Minnesota (Stillwater MSA).A).
Constructed in 2004, The Shoppes of Oak Park Heights occupies a highly visible position along Hwy 36 and benefits from its location within an established regional retail corridor. The Property is shadow anchored by Walmart and Menards and is anchored by Kohl’s + Sephora, TJ Maxx, and Michaels, providing a strong mix of nationally recognized retailers and complementary shopping destinations.
The Property also benefits from several significant demand drivers in the surrounding area. It is adjacent to Stillwater High School, which serves more than 2,700 students, providing consistent daily traffic and visibility. Additionally, The Shoppes of Oak Park Heights is located approximately one mile from HealthPartners’ newest regional hospital campus, a 400,000-square-foot facility anticipated to open in 2028, further enhancing the area’s long-term growth and demand potential.
“We are thrilled to close on our second property in Minnesota,” said Derrick Almassy, Vice President Investments at Bridge33 Capital. “The Shoppes of Oak Park Heights is a high-quality asset strategically positioned within a key trade area in the attractive and stable Stillwater market. The property’s strong location, national tenant base, and diverse tenancy provide a compelling combination of durable income, long-term stability, and meaningful value-creation potential, reinforcing our disciplined approach to acquiring well-located retail assets in high-quality markets.”
About Bridge33 Capital LLC
Bridge33 Capital LLC is a vertically integrated real estate company focused on open-air retail centers. Since 2013, Bridge33 has acquired ~17.7 million SF of commercial real estate across 26 states and currently operates ~$2.8 billion of assets under management. For more information, please visit www.bridge33capital.com.