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JLL Arranges Sale of 167-Unit Apartment Property in MN
JLL has arranged the sale of Helix Apartments, a 167-unit multifamily community in St. Louis Park, Minnesota.
JLL represented the seller and secured the buyer, Jason Quilling of QT Holdings. JLL Capital Market’s Investment Sales and Advisory team representing the seller was led by Managing Director Josh Talberg, Director Joseph Peris and Analyst Jack Graveline
Helix Apartments, located at 7450 Hwy. 7 in St. Louis Park, is strategically positioned along the MN-7 thoroughfare with exceptional visibility and accessibility. The community stands minutes away from major employers including UnitedHealth Group, General Mills, Methodist Hospital and Cargill, as well as downtown Minneapolis.
Built in 1985 and extensively renovated between 2020-2022, the property offers floorplans with an average unit size of 990 square feet, featuring a mix of one-, two- and three-bedroom apartments. “Helix represented a rare opportunity to acquire a proven, stabilized asset in one of the Twin Cities’ most sought-after core submarkets,” said Talberg.
