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DULUTH, MINN. — JLL Capital Markets has arranged the $8.5 million sale of Canal Park Square, a historic mixed-use redevelopment project in the Canal Park neighborhood of Duluth. Devon Dvorak, Mox Gunderson, Dan Linnel, Josh Talberg and Adam Haydon led the JLL Capital Markets Investment Sales and Advisory team that represented the seller, Sherman Associates. The buyer was not disclosed.
Canal Park Square was originally constructed in 1886 and was redeveloped in 2015, which converted the office space on the second floor into apartments. The property now offers 29 apartments and six units of retail space. Apartments come in studio, one- and two-bedroom floor plans. Amenities include a clubroom and fitness center.