Quarry Apartments LLC Acquires 100-Unit Anderson Plaza Apartments In Minneapolis For $9 Million

The 100-unit Anderson Plaza Apartments, located at 1800 Northeast Hayes Street in Minneapolis, MN, has been sold for $9 million. This multifamily asset was 86% occupied at the time of sale, reflecting its operational status. Quarry Apartments LLC is the buyer and aims to implement targeted renovations and operational upgrades post-acquisition.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $9,000,000
• Number of Units: 100
• Price Per Unit: $90,000
• Date of Sale: 04/15/2026
• Market: Minneapolis, MN

Colliers represented the deal with brokers Mox Gunderson, Dan Linnell, Adam Haydon, Devon Dvorak, and Drew Jackson facilitating the transaction. This sale marks the first-ever change in ownership since the property's development in 1963.