JLL Capital Markets Announces $30 Million Sale of 117-Unit Lake Jonathan Flats Luxury Apartments in Minneapolis Submarket
MINNEAPOLIS, MN - JLL Capital Markets announced today it has closed the $30 million sale for Lake Jonathan Flats, a multi-housing property totaling 117 units and located in Chaska, Minnesota, about 25 minutes southwest of Minneapolis. JLL worked on behalf of the seller, Trident Development, to complete the sale to Ridgebrook Investments. JLL also worked on behalf of Ridgebrook Investments to secure a fixed rate loan through Bridgewater Bank. The newly-constructed Lake Jonathan Flats feature studio, one- and two-bedroom floorplans with open concepts, modern kitchens, granite countertops, sta...
Source: multifamilybiz.com