CBRE has arranged the sale of The Nic on Fifth, a 253-unit multifamily property in Minneapolis. Weidner purchased the property from AEW Capital Management for an undisclosed amount.
CBRE’s Abe Appert, Keith Collins and Ted Abramson represented the seller in the transaction.
The Nic on Fifth is located at 465 Nicollet Mall near the Nicollet Mall Station and provides direct access to the Minneapolis Skyway System.
The 26-story property includes a range of one, two and three-bedroom floor plans and features a community gourmet kitchen, a resort-style pool, a Zen garden, an outdoor kitchen and grilling station, a spa, an indoor pickleball court, indoor-heated parking, a yoga studio, a fitness center and 25,404 square feet of commercial space.
