Ted Bigos's Bigos Management Acquires Luxury Apartment Building In Minneapolis For $120M

The Expo, a 369-unit luxury apartment building located in the St. Anthony Main area of Minneapolis, has been sold for $120 million. The 25-story complex, developed by The Doran Group, includes properties at 200 Southeast University Avenue, 223 Third Avenue Southeast, and 229 Second Street Southeast. The sale was conducted by Evan Doran of The Doran Group and the buyer was Ted Bigos, representing Bigos Management.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $120,000,000
• Units: 369
• Price per Unit: $325,203

Bigos Management, operating as Bigos-Expo LLC, acquired The Expo from Doran-CSM SE I LLC. This acquisition marks a significant addition to Bigos Management's portfolio in the Minneapolis market. The Expo offers luxurious apartment living and is positioned in a sought-after location. As one of the largest real estate management companies in the region, Bigos Management is well-equipped to oversee the operations and maintenance of this notable asset.

The sale of The Expo represents a successful transaction between two prominent players in the Minneapolis real estate market. Evan Doran, representing The Doran Group, showcased his expertise in developing high-quality properties, while Ted Bigos, representing Bigos Management, demonstrated the company's commitment to expanding its portfolio strategically.