JLL Capital Markets has closed the sale of 307-317 Oak Grove St., a 0.42-acre multi-housing development site in the Loring Park neighborhood of Minneapolis, Minnesota.
JLL represented the seller, The Woman’s Club of Minneapolis. The buyer is an affiliate of Linden Street Investments, which also has active investments in development properties in downtown east and the southwest suburbs.
Consisting of three rectangular parcels, the subject site totals about 17.9 thousand square feet. Located along the southern edge of Oak Grove Street at 317 Oak Grove St., the property is proximate to several neighborhood attractions, such as the Walker Art Center, the Minneapolis Sculpture Garden and the city’s largest urban park with trails reaching to the Mississippi River.
The site is also within close distance to the Minneapolis CBD, including Target Corporation and the University of St. Thomas.
The JLL Capital Markets Sales and Advisory team representing the seller was led by Managing Directors Josh Talberg, Mox Gunderson, Dan Linnell and Senior Director Adam Haydon.