ROCHESTER —
and a group of investors recently paid $8.98 million for the Rochester Crossings commercial center in northwest Rochester.
Under the corporate name of Rochester Crossings LLC, the group purchased the 23-year-old center at 3780 Marketplace Drive NW, on June 11. Olmsted County estimated the total market value of the property at $7.12 million for 2026-2027.
The 10-unit complex is anchored by
and Panera Bread. It stands by Rochester’s Target North complex. While GameStop recently closed its video game shop in the center,
to fill that space with a chicken wing eatery. That means the center is 100% occupied.
“We acquired Rochester Crossings alongside a group of investors who share our confidence in this market. It’s exactly the kind of asset we look for in a retail building — a well-located center positioned alongside strong anchors like Target and Home Depot,” wrote North Rock Principal Paul Aronhalt when asked about the deal. “When retailers are growing into the Rochester market, this is consistently an area they want to be in, and that demand is a big part of what drew us to it.”
North Rock is the property manager for the center. Aronhalt added that North Rock is looking for more investments of this type in the region that can benefit from the firm’s asset management services coupled with property management.
Rochester-based MJB Petrol, LLC, led by Dirk Erickson and Marcia Bouquet, sold the property. MJB purchased it from Moose Enterprises in 2020 for $9.5 million.
Moose Enterprises was led by
the former Mayo Clinic nurse anesthetist turned commercial real estate investment “guru.” In 2025, Onofrio pleaded guilty to one count of bank fraud involving other commercial deals outside of Rochester. He was sentenced to three years in prison and ordered to pay $5.39 million in restitution to a Bloomington, Minnesota, bank.
Rochester Crossings was originally built by Twin Cities developer Howard Paster
of Paster Enterprises in 2003. Paster purchased the land for development for $1.43 million from a Madison, Wisconsin, company that had considered building a hotel there.
John B. Pfaff and his son, Brad J. Pfaff of White Bear Lake, bought the complex from the Pasters in 2005. They paid $6.9 million. Brad Pfaff explained that his family had several investment properties in Minnesota and Florida, though this was their first in Rochester.
“We liked the property and the market. We like the growth in the north sector of the city,” he said soon after the purchase.
Woodbury Hotel, LLC of Shoreview, Minnesota, acquired the property from the Pfaffs in 2006 and then
sold it to Moose Enterprises in 2020.
Post Bulletin illustration
