JLL Capital Markets closed the sale of Flux Apartments, a 216-unit luxury apartment community at 2838 Fremont Ave. South in Minneapolis’ Uptown neighborhood.
JLL represented the seller, Nuveen Real Estate, in the transaction and secured the buyer.
Built in 2012, Flux Apartments represents a rare, fully union-built luxury residential community spanning 216 homes. The property features amenities including an outdoor pool and spa, state-of-the-art fitness center and yoga studio, outdoor courtyard and dedicated dog park and wash stations. The community also offers ample covered parking spaces in an underground structure.
The apartment homes at Flux showcase premium finishes throughout 27 unique floor plans, including studios, one- and two-bedroom residences, averaging 758 square feet.
Flux Apartments occupies a premier location in Uptown, a historic Minneapolis neighborhood situated between downtown Minneapolis and the renowned Minneapolis Chain of Lakes. The community sits just four blocks from the Chain of Lakes and provides immediate access to the Midtown Greenway, a six-mile multi-use trail connecting parks, businesses and cultural destinations between the Mississippi River and the lakes. Residents enjoy walkable access to a vibrant retail corridor with bars and restaurants, boutiques and entertainment.
The JLL Capital Markets team representing the seller included Managing Directors Josh Talberg and Director Joseph Peris.
