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.”
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).