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Upscale Apartment Property Trades in Minneapolis Suburb
CBRE has arranged the sale of RiZE on Grand, a 275-unit apartment community located in Burnsville, MN, a suburb of Minneapolis. LeCesse Development Corporation sold the property to The Connor Group for an undisclosed sum.
Keith Collins, Abe Appert, and Ted Abramson from CBRE Minneapolis Multifamily represented LeCesse Development in the sale.
“Investors were attracted to this best-in-class asset because of its well-connected suburban location and the favorable market trends in Burnsville,” said Collins. “This is the second time LeCesse Development has sold a Twin Cities apartment community to The Connor Group, having sold City Walk Apartments (453 units) in Woodbury to them in 2019.”
Located at the highly visible intersection of Interstate 35W/35E, RiZE on Grand is the first upscale, fully amenitized apartment community to be built in Burnsville in more than two decades. The property opened in 2021.
- ◦Sale/Acquisition


