JLL Capital Markets arranged the sale of Helix Apartments, a 167-unit multifamily community in St. Louis Park, Minnesota.
JLL represented the seller and secured the buyer, Jason Quilling of QT Holdings.
Helix Apartments, located at 7450 Hwy. 7 in St. Louis Park, is strategically positioned along the bustling MN-7 thoroughfare with exceptional visibility and accessibility. The property offers residents seamless connectivity throughout the Minneapolis MSA, enhanced by proximity to major highways and a future Green Line Light-Rail stop. The community stands minutes away from major employers including UnitedHealth Group, General Mills, Methodist Hospital and Cargill, as well as Downtown Minneapolis.
Built in 1985 and extensively renovated between 2020-2022, this is one of the top quality buildings in Minnesota, well ahead of its time in terms of character, amenities, and architectural details when the asset was constructed in the mid-80s, on par with or surpassing even newer built assets today.
The property offers irreplaceable floorplans with an average unit size of 990 square feet, featuring a diverse mix of one-, two- and three-bedroom apartments. The asset’s extensive amenity package includes a sparkling outdoor swimming pool, 24-hour fitness, community lounge with coffee bar, rooftop terrace, dog park and wash station, park views and walking paths adjacent to Louisiana Oaks Park, sprawling mature grounds of several acres and underground structured parking.
JLL Capital Market’s Investment Sales and Advisory team representing the seller was led by Managing Director Josh Talberg, Director Joseph Peris and Analyst Jack Graveline.
