Coldwell Banker Commercial Fisher Group to Develop Former Hospital

Coldwell Banker Commercial Fisher Group (CBCFG) has assembled a team for the Redwood Area Hospital
purchase and redevelopment. After touring the facility, several Southern Minnesota developers including
David Schooff, President, Broker and Co-Owner of CBCFG, have submitted
preliminary plans for the project.

“Recently, our team has sought out projects in regional centers like Redwood Falls to fill gaps in the marketplace,
specifically housing. After touring the facility, we were impressed with the condition of property,”
Schooff, along with partners in construction, design and property management, plan to repurpose the building
and are putting together a few scenarios including multi-family, office and retail.

“The City of Redwood Falls has been transparent and excellent to work with. Just in a few visits we knew this
was a market we wanted to be in because of how collaborative everyone has been.” Schooff said.
While headquartered in Mankato, the CBCFG group has projects spanning across Southern Minnesota including
the south metro. Most recently, the group is started a redevelopment of the former Skyline Mall in Albert Lea,
the Valley Green Mall in Le Sueur and has done significant work on the Madison East Center in Mankato
including a 15,000 square foot addition.

“The opportunity to re-purpose this asset is a tremendous win-win for our community. This speaks to how
well the facility has been maintained and improved over the years. To have this building continue to have
value and serve needs in the community going forward is fantastic. We look forward to working with the
Fisher Group to see this through,” said Redwood Falls Mayor, Tom Quackenbush.
The project’s timeline will coordinate with the transition of the hospital’s move to the new site late spring of
2021.

About Coldwell Banker Commercial Fisher Group
Coldwell Banker Commercial Fisher Group is a complete service agency for all your commercial real estate and
business brokerage needs. We provide services to investors, landlords, owners and tenants in the areas of Sales
and Leasing, Property Management and Development. We are proud to be Southern Minnesota’s preferred choice
in the commercial real industry for more than 45 years.   We have the resources of a global powerhouse combined
with the ability to think and act entrepreneurially like a small company.   Each agent has a talent for finding the
perfect property match or investment opportunity for clients and ensures the process is done  right every time
with personal service and integrity. For more information visit: cbcfishergroup.com.