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JLL Brokers Sale of Two Twin Cities MF Properties
JLL closed the sale of two Twin Cities multifamily properties, including the 69-unit Southdale Parc Apartments in Richfield, Minnesota, and the 136-unit Wingate Apartments in New Hope, Minnesota.
JLL worked on behalf of the seller, Centerspace, and procured the buyers, both local and private investors. The JLL Capital Markets Investment Sales Advisory team was led by Managing Directors Dan Linnell, Mox Gunderson and Josh Talberg, Senior Director Adam Haydon and Director Devon Dvorak
The 1962-built Southdale Parc Apartments is located at 2720 W. 66th St in the southwest suburbs, on the border of Richfield and Edina. The property features one-bedroom units with fully equipped kitchens and oversized closets, as well as on-site laundry facilities.
Built in 1967, Wingate Apartments is located at 7700 49th Avenue North within Minnesota’s widely recognized Medical Valley. In addition, the proposed Metro Transit Blue Line extension will provide easy access to the Northwest suburbs as well as Minneapolis and St. Paul.
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