Skip to content
Homepage
  • Market
    • Illinois
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Events
  • Sector
    • CRE
    • Education
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Real Estate Awards
  • Subscribe
  • Publications
MinnesotaMultifamily

CBRE helps close sale of 210-unit apartment community in St. Paul

September 27, 2017
Share on Facebook Share on Twitter Share on LinkedIn Share via email

CBRE Multifamily represented Ryan Companies and The Excelsior Group in the sale of the Vintage on Selby, a new-construction multifamily project in St. Paul, Minnesota, with 210 apartments and a 39,506-square-foot Whole Foods grocery store, for $87 million to an affiliate of Zurich North America.

ZAAM was represented by Chris Edgar, Director of Multifamily Acquisitions, and Sean Bannon, Managing Director, Head of US Real Estate.

Abe Appert, Keith Collins, Ted Abramson and Laura Hanneman in CBRE’s Minneapolis office arranged the sale on behalf of the owner, The Vintage on Selby, LLC, an entity-related to Ryan Companies and The Excelsior Group, which developed the property in 2015. The sale is the first multifamily acquisition in the Minneapolis metro area for Zurich.

Completed in 2015, the Vintage on Selby is located at the intersection of Snelling Avenue and Selby Avenue in St. Paul, the Vintage offers great proximity to both the Minneapolis and St. Paul CBDs and the future Major League Soccer stadium on University Avenue.

The building features a mix of units ranging from studios to three-bedrooms. The units are 9 percent larger on average than other new construction properties in the Twin Cities metro area. The Vintage on Selby features a rooftop terrace with outdoor lap swimming pool, a fitness center and yoga room, a 6,000-square-foot natural turf backyard, club room with gourmet kitchen, electric car charging stations and bike storage.

The property includes 495 parking stalls below ground and an attached covered ramp for resident and retail use. The Vintage on Selby is also served by bus rapid transit on Snelling Avenue and is within walking distance of the Green Line light rail.

Tags
CBREMinnesotamultifamilySt. PaulVintage on Selby
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
IowaNet LeaseRetail

Marcus & Millichap negotiates sale of Dollar General in Iowa

September 29, 2023
TexasOffice

KBS & Transwestern sign 38,000 square feet with two regional firms at Class A office in Dallas

September 29, 2023
IllinoisCRE

RECAP: 2023 Goldie Gala

September 29, 2023
IllinoisRetail

Horvath & Tremblay sells two retail properties for $3,600,000

September 29, 2023

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Education
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Contact Us
  • Events
  • Office Locations
  • Advertise
© 2023 REjournals.com