JLL Capital Markets Finalizes $74.7M Sale And Financing For Millennium Edina Multifamily

The $74.7 million sale and financing for Millennium Edina, a 227-unit multi-housing community in Edina, Minnesota, has been finalized by JLL Capital Markets. Located in a strategic proximity to downtown Minneapolis, St. Paul, retail districts, and major employers, the property offers a range of units and amenities. Completed in 2021, Millennium Edina showcases its modern features and is poised for success in the real estate market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $74,700,000
• Address: 3250 West 66th Street, Edina, Minnesota
• Market: Edina, Minnesota
• Units: 227
• Price per Unit (PPU): $329,075

The sale and financing of Millennium Edina was facilitated by a team of brokers from JLL, including Josh Talberg, Mox Gunderson, Dan Linnell, Adam Haydon, and Devon Dvorak. Their expertise and client-oriented approach played a crucial role in achieving a successful transaction. As a result, both the seller, Dakota Pacific Real Estate, and the buyer, Landmark Companies, are pleased with the outcome.