Minnesota

COON RAPIDS, MINN. — Eastham Capital and Bender Cos. have acquired Woodland North Apartments in Coon Rapids, 25 miles north of Minneapolis. The seller and sales price were not disclosed. The 198-unit community marks the 15th joint acquisition between the partners. Built in 1979, the property is currently 94 percent occupied with average asking monthly rents of $1,424. Following recent capital improvements, the business plan calls for additional upgrades across several apartments, including the addition of in-unit laundry and new appliances, along with enhancements to the exterior and amenities. The property …

WOODBURY, MINN. — Chicago-based Waterton has acquired City Walk at Woodbury, a 453-unit property in the Twin Cities suburb of Woodbury. The seller and sales price were not disclosed. The community comprises two four-story residential buildings, heated indoor parking garages, a clubhouse and 34,000 square feet of retail space. City Walk at Woodbury was built in phases in 2005 and 2011. Waterton is planning capital improvement projects targeting units, hallways and common areas. The one-, two- and three-bedroom apartments are complemented by an indoor pool, a hot tub, sauna, game …

ROCHESTER, MINN. — Cushman & Wakefield has arranged the $7.3 million sale of Cascade Apartments in Rochester. Patina Management was the seller, and Black Swan Living was the buyer. Cushman & Wakefield’s Chris Collins, Lance Steiger, Evan Miller and Erin Salway represented Patina in the transaction. Located at 957 Pendant Lane NW, Cascade Apartments was developed in 2016 and is comprised of studios, one- and two-bedroom units. The property, about 4 miles northwest of the Mayo Clinic, features in-unit washers and dryers, electric vehicle charging stations and outdoor gathering spaces. …

PLYMOUTH, MINN. — Bigos Management has sold Medicine Lake Apartments, an 81-unit community on Medicine Lake, approximately 10 miles west of Minnesota. JLL Capital Market’s team representing Bigos was led by Josh Talberg, Joseph Peris and Jack Graveline. The buyer was Weber Organization. Built in 1977, Medicine Lake Apartments offers a 24-hour fitness center, sauna, outdoor pool, multi-sport court and a clubroom as well as 12 private boat slips. The sales price was not disclosed.

ST. PAUL, MINN. — Wolverton Capital has sold The Hill Apartments, a 162-unit community in St. Paul’s Cathedral Hill neighborhood. JLL’s team representing Santa Monica, California-based Wolverton was led by Josh Talberg, Joseph Peris and Eli Smith. The Hill Apartments were built in 2020. Amenities include a pool and hot tub, a business center with a conference room, a clubhouse with a full kitchen, a fitness center and a lobby lounge. According to the Minneapolis/St. Paul Business Journal, the property is valued at $26.8 million and was developed by Edina, …