
Multifamily Development Site Trades in Minneapolis’ Loring Park
JLL Capital Markets closed the sale of 307-317 Oak Grove St., a 0.42-acre multifamily development site in Minneapolis’ Loring Park neighborhood. Terms of the sale weren’t disclosed.
A JLL team of managing directors Josh Talberg, Mox Gunderson and Dan Linnell and senior director Adam Haydon represented the seller, The Woman’s Club of Minneapolis. The buyer is an affiliate of Linden Street Investments, which also has active investments in development properties in downtown east and the southwest suburbs.
“This site attracted strong interest from across the region, considering its unique core location in the highly sought-after neighborhood of Loring Park,” said Talberg. “Most important, this closing represents another example of the strong demand we’re seeing from developers and capital looking to make a long-term bet on the city’s continued growth and expansion in a post-COVID world. In fact, this is our second transaction just this week in Loring Park alone.”
- ◦Sale/Acquisition
- ◦Development