Andy Heieie, Ted Bickel and Jeff Budish with Colliers|Minneapolis-St. Paul represented Newport Partners in its sale of a 3.9-acre redevelopment site within Opus Park in Minnetonka, Minnesota.
Located at 10400, 10500 & 10550 Bren Road East, the property is adjacent to the Opus LRT Station along the Southwest Light Rail line. The buyer and developer, Minnetonka Multifamily 1, LLC, plans to break ground on a 275-unit apartment complex later this year.
The buyer and developer, Pittsburgh-based Linden Street Partners, plans to break ground on a 275-unit apartment complex later this year. The transaction closed today, March 19.
