JLL Capital Markets has closed the sale of Dock Street Flats, a 185-unit, 2013-built luxury apartment community with 2,852 square feet of retail located within the historic North Loop neighborhood in Minneapolis.
JLL represented the seller, The AFL-CIO Building Investment Trust, advised by PNC Realty Investors. The Connor Group, a Dayton-based real estate investment firm, acquired the asset.
Featuring studio, one- and two-bedroom floorplans with an average size of 778 square feet, Dock Street Flats offers units with stainless steel appliances, granite countertops, full-size washers and dryers and luxury vinyl plank flooring. Community amenities include a pool deck, rooftop terrace, two courtyards, two stories of underground parking and a fitness center. The property also is home to the brand-new Guacaya Bistreaux, a highly anticipated Panamanian-inspired restaurant and cocktail lounge.
Located at 377 N. Washington Ave., Dock Street Flats is near the numerous restaurants, boutiques, taprooms and professional sports facilities that make up the urban North Loop neighborhood. The community is within walking distance of six Fortune 500 companies and within a 20-minute drive of an additional 12. The property offers easy access to the adjacent Cedar Lake Trail, as well as the North Star Commuter rail, light rail and skyway system.
The JLL Capital Markets team was led by Managing Directors Mox Gunderson, Dan Linnell, Josh Talberg and Senior Director Adam Haydon.
