Multifamily W Minnesota

CBRE helps sell 198-unit apartment community in Minneapolis

  

CBRE Multifamily represented ownership in the sale of Track 29, a 198-unit apartment communityin Minneapolis, to an institutional buyer for $53.2 million.

Track 29 is a 148,082-square-foot apartment community at 2841 Bryant Avenue South along the north side of the Midtown Greenway in the heart of the vibrant Uptown area.

Abe Appert, Keith Collins, Ted Abramson and Laura Hanneman in CBRE’s Minneapolis office represented the seller, Bryant Apartments LLC, a local private investment partnership.

The building offers a combination of studio, one and two bedroom units, including townhome-style two level apartments. Unique property features include art gallery/exhibition space, rooftop terrace with downtown Minneapolis skyline views, Zen garden with water fountain, saltwater indoor swimming pool, a tea bar, heated outdoor dog run and dog water fountain.