JLL Closes Sale of Twin Cities Multi-Housing Community
JLL Capital Markets has closed the $74.7 million sale of and the financing for Millennium Edina, a rare, 227-unit, mid-rise multi-housing community located within suburban Minneapolis in Edina, Minnesota.
JLL Capital Markets worked on behalf of the seller, a joint venture between Dakota Pacific Real Estate and Landmark Companies, and procured the buyer, a private investor. Additionally, JLL worked on behalf of the new owner to secure the financing. The loan will be serviced by JLL Real Estate Capital, LLC, a Fannie Mae DUS lender.
The JLL Capital Markets Investment Sales and Advisory team was led by Managing Directors Josh Talberg, Mox Gunderson and Dan Linnell, Senior Director Adam Haydon and Director Devon Dvorak. Managing Director Brock Yaffe led the JLL Capital Markets Debt Advisory team.
Situated at 3250 W. 66th Street within the southwest submarket, Millennium Edina provides immediate access to both downtown Minneapolis and St. Paul.
Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories.
With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.