JLL recently completed the sale of a newly constructed multi-housing community in St. Louis Park, Minnesota for $53.4 million and secured $25.5 million in financing for the property through a correspondent life insurance company on behalf of the buyer.
The JLL Capital Markets Investment Sales and Advisory team, led by Managing Directors Josh Talberg, Mox Gunderson, Dan Linnell and Senior Director Adam Haydon with support from Director Devon Dvorak successfully facilitated the transaction between seller and buyer while also representing the new owner to secure financing through their Debt Advisory team led by Managing Director Brock Yaffe.
Built in 2020, Elan West End offers a mix of studio to three-bedroom units averaging 885 square feet each. Located at 1325 Utica Avenue South within The West End micro market known for its vibrant shopping, dining options as well as various industries and entertainment venues all situated just off I-394 & Highway 100 making it easily accessible from downtown Minneapolis.
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