TODAY’S DEALS: Colliers Completes Sale of Uptown City Apartments for Over $30M, and Other Transactions
- Dec 30, 2008
By Anuradha Kher, Online News EditorMinneapolis–The Minneapolis/St. Paul office of Colliers Turley Martin Tucker (Colliers) has completed the sale of Uptown City Apartments (pictured) to Invesco Real Estate, for $30,085,000.Uptown City Apartments features two mixed-use buildings located at 714 and 1220 West Lake St. in Minneapolis’ uptown neighborhood. The buildings include 163 apartment units, 4,000-sq. ft. of retail space, and 222 enclosed parking spaces, including a 59-unit public parking garage. Uptown City Apartments was the first true Class A, urban infill, multifamily property to come to market in Minneapolis in 10 years.Hendricks & Partners Arranges Sale of 23-Unit Community for Over $1MDenver–Hendricks & Partners recently arranged the sale of Florence, a 23-unit rental community in Denver, for $1,905,000. The Florence Ltd. of Greenwood Village, Colo. sold the community, located at 136 South Emerson St.GPX Realty Partners Completes $140,000 Capital Improvement Program Haverford, Pa.–GPX Realty Partners L.P. recently completed a $140,000 capital improvement program at Lansdale Village Apartments, a 41-unit apartment complex located in Lansdale, Pa.“The completion of this capital improvement program adds even more value to Lansdale Village Apartments, which is already a strategic asset due to the property’s terrific location,” says Joseph Conwell, managing director of GPX Realty Partners. “These exterior renovations have completely changed the look and feel of this apartment complex and improved the overall safety of the property, while maintaining full occupancy during the renovations.” Lansdale Village is a three-building, garden-style complex located at 210 York Ave. The one-, two-, and three-bedroom apartments include fully equipped kitchens, hardwood floors, private enclosed terraces and off-street parking. Other amenities include laundry facilities and 24-hour maintenance.