Weber Organization Acquires Multifamily Asset From Bigos Management For $14.5M In Plymouth

The property asset involved in this transaction is a multifamily building located at 1300 West Medicine Lake Drive in Plymouth. It consists of 81 units, covering a total area of 76,763 square feet. The property was sold for a transaction amount of $14,500,000, which reflects a price per unit of $179,012 and a price per square foot of $188.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $14,500,000
• Units: 81
• Square Footage: 76,763
• Price Per Unit: $179,012
• Price Per Square Foot: $188
• Buyer: Weber Organization
• Seller: Bigos Management
• Brokers: Josh Talberg, Joseph Peris & Jack Graveline - JLL

This transaction highlights the involvement of notable individuals including Josh Talberg, Joseph Peris, and Jack Graveline, who represented JLL in this deal. The collaboration among these brokers facilitated the transaction between the buyer, Weber Organization, and the seller, Bigos Management.