JLL Capital Markets closed the $16.45 million sale of Normandale Lake Estates, a 105-unit multifamily property in Bloomington, Minnesota.
JLL worked on behalf of the seller, Normandale Lake, LLC, to complete the sale to the buyer, Dealer Sites, LLC.
The Normandale Lake Estates were built in 1964. Since, 100 percent of the units have been renovated with new cabinets, granite counters, tiled backsplashes, plank flooring and more. The site totals more than six acres and 85,070 rentable square feet. The property’s unit mix includes one- and two-bedroom apartments and community amenities, such as a pet play area, outdoor pool and courtyard with grilling area.
The JLL Capital Markets team representing the seller was led by Senior Directors Mox Gunderson, Josh Talberg and Dan Linnell and Director Adam Haydon.
