JLL Capital Markets secured the sale of The Eddi at Pentagon Village, a luxury multifamily community in Edina, Minnesota.
JLL represented the seller, Rise Modular & Soloman Real Estate Group. Oaks Properties acquired the asset.
The Eddi at Pentagon Village, located at 4911 W 77th St., is strategically positioned within the Pentagon Village development at the intersection of Highway 100 and 77th Street. The property offers residents immediate access to Centennial Lakes, the Galleria and the France Avenue Corridor, with proximity to major employment drivers including United Healthcare, Best Buy, US Bank and Minnesota Health Fairview Hospital.
Edina continues to be one of the Twin Cities’ most coveted submarkets with exceptional demographics, featuring average household incomes of $200,476 and a highly educated population of 53,261. The community has experienced 11.07 percent population growth since 2010, attracting professionals and executives to its nationally recognized school district and upscale amenities. The area maintains its reputation as the region’s most desirable address, with average single-family home values of $833,658 and strong market fundamentals supporting continued investment.
The Eddi at Pentagon Village is a premium Class A apartment community completed in 2023, comprised of 202 luxury homes across studios, one- and two-bedroom floor plans with an average unit size of 753 square feet. The Eddi is the largest wood-frame modular apartment building in Minnesota, with 205 modules manufactured off-site by Rise Modular and stacked atop a site-built concrete parking and amenity podium. Residences feature high-end finishes including wood and gray cabinetry, quartz countertops, stainless steel Frigidaire appliances and in-unit Whirlpool washers and dryers. Community amenities include a 24-hour fitness center, swimming pool, resident clubroom, co-working spaces, dog spa and outdoor fire pits.
JLL Capital Market’s Investment Sales and Advisory team was led by Managing Director Josh Talberg, Director Joseph Peris and Analyst Jack Graveline.
