Press Release

CBRE Multifamily Arranges Sale of 698-Unit Concierge Apartment Community in Minneapolis Suburb of Richfield

29 11月 2018

pr-minneapolis-concierge

Richfield, MN – November 29 , 2018 – CBRE Multifamily represented MSP Crossroads Apartments LLC in the sale of The Concierge, a 698-unit multifamily community at 7600-7720 Penn Avenue S, to JRK Investors Inc.

The Minneapolis-based team of Keith Collins, Abe Appert, Ted Abramson, and Ike Hoffman represented the seller. 

Built in 1968 and renovated from 2016 to 2018, Concierge is located in the Minneapolis suburb of Richfield and is well connected by its access to I-494, proximity to premiere shopping district and Best Buy World Headquarters next door. The building offers resort-style living with best-in-class amenities, such as the largest outdoor swimming pool in Minnesota with an expansive sun deck, cabanas, entertainment space, state of the art fitness center, golf simulator, rock climbing walls, and much more. The six-building community is comprised of 457,620 square feet.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.