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[PRESS RELEASE] Contrarian Properties and Spinoso Real Estate Group Acquire Crossroads Center in St. Cloud, MN

Monday, Apr 29, 2024

CLOUD, MNApril 29, 2023 – Contrarian Properties and Spinoso Real Estate Group (“SREG”), a privately held New York-based real estate firm specializing in the management and leasing of large-scale enclosed shopping malls across the USA, announced today the acquisition of Crossroads Center, the largest regional shopping center outside the Twin Cities, located in St. Cloud, MN. 

“Crossroads Center holds immense significance as a retail hub in central Minnesota,” said Carmen D. Spinoso, Chairman and CEO of SREG. “We are excited for the growth potential and enhancement in this vibrant community center. Our commitment is to reinvest and revitalize Crossroads Center, ensuring it remains a central gathering place for families and the entire St. Cloud community.”

With over nine hundred thousand square feet of retail space, Crossroads Center is anchored by prominent stores including Scheels, Target, JC Penney, and Macy’s. Notable shopping brands such as Home Goods, Ulta, DSW, and Pandora further contribute to its diverse retail offerings.

SREG brings a wealth of experience in repositioning and activating shopping centers, and the company is poised to leverage its expertise to maximize Crossroads Center’s potential, transforming it into an even more dynamic shopping and dining destination.

“We are excited to introduce our unique leasing and development focus to Crossroads Center,” Carmen Spinoso added. “Our goal is to evolve, redevelop, and establish Crossroads Center as the premier shopping and entertainment destination in the St. Cloud area.”

Known for its industry-leading tenant relations and proprietary Leasing+™ approach, SREG will work closely with community stakeholders to implement a value-building strategy at Crossroads Center.

Crossroads Center is a vital part of the St. Cloud retail landscape, anchored by major tenants including Macy’s, JC Penney, Target, Scheels, Home Goods, ULTA and DSW, including major brands such as Pandora, Starbucks, Chick Fil A, Buckle, Boot Barn, Victoria’s Secret, Hollister, Noodles & Co., Francesca’s and more! 

As owners, Contrarian Properties and SREG will serve to handle Crossroads Center’s management, leasing, redevelopment, operations, and marketing.

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About Spinoso Real Estate Group
Spinoso Real Estate Group is a national real estate firm, recognized as the premier operator of enclosed shopping malls and large-scale retail-based mixed-use properties. With a proven track record of operating 87 properties and nearly 74.9 million square feet of enclosed-mall transformation from coast-to-coast, and an industry-leading operating and investment platform, the firm offers a range of services including leasing, property management, repositioning, marketing, development, stabilization, and re-development/densification. For more information, visit spinosoreg.com.

Media Contact
Kristyn Bucciero Beckwith
Director of Corporate Marketing & Brand Strategy
kbucciero@spinosoreg.com
315-425-1000

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