**CBRE Facilitates Sale of Luxury Multifamily Tower in Minneapolis’ Gateway District**
CBRE has successfully arranged the sale of 365 Nicollet, a 30-story, 370-unit luxury multifamily property located in the Gateway District of Minneapolis.
The property, developed by a joint venture between Corebridge Real Estate Investors and Opus Development Company, was sold to real estate investment firm Waterton. The financial details of the transaction were not disclosed. CBRE’s Ted Abramson, Abe Appert, and Keith Collins represented the selling partnership in the deal.
“Beyond its iconic presence on the Minneapolis skyline and its luxurious, fully amenitized residences and common areas, 365 Nicollet stands out for its unique location in the Gateway District,” said Appert. “Investors are responding to strong submarket absorption, a return to office, and the city’s established live-work-play environment, all of which are drawing residents back.”
Constructed in 2018, the high-rise building is LEED Gold certified and boasts premier connectivity, located just one block from the Nicollet Mall LRT station and offering direct access to the Minneapolis Skyway system.
