Woodbury apartments sold for $48.6 million | Finance & Commerce
The Barrington Apartments in Woodbury has sold for $48.6 million in a deal that was completed last week, according to public records.
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The Barrington Apartments in Woodbury has sold for $48.6 million in a deal that was completed last week, according to public records.
Previously owned by an A-Rod corporation, a 168-unit housing community in Eagan was sold to an Eden Prairie real estate investment company.
The project is located in Minneapolis’ southern suburbs. Reacor has acquired Lexington Hills, a multifamily community near the Twin Cities.
FPA Multifamily has purchased Gates at Carlston Center, a 435-unit community in Minnetonka, Minn., for $89 million.
An out-of-state company on Thursday paid $70 million for the Nic on Fifth, a 253-unit luxury apartment tower in downtown Minneapolis, marking the end of a busy summer for investors on the north end of Nicollet Mall. The buyer — Kirkland, Washington-based Weidner — bought the property from Boston-based AEW Capital Management. The all-cash deal for the tower, located at 5th Street and Nicollet, ...