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MOUND, MINN. — CBRE has arranged the sale of Grandview Terrace, an 88-unit community located in Mound, roughly 25 miles west of Minneapolis, for $9.8 million. Ted Abramson, Abe Appert and Keith Collins of CBRE represented the seller, IPG. An entity related to Lion Rock Properties was the buyer.
Grandview Terrace was built in 1970. Located at 5600 Grandview Blvd., the community offers one- and two-bedroom floor plans averaging 800 square feet. According to Apartments.com, amenities include a pool, laundry facility, gated access, Wi-Fi connectivity and a courtyard.