Roundhouse Acquires Multifamily Asset At 333 East Hennepin Avenue For $82.85M From PGIM Mortenson Excelsior Group

The property involved in this transaction is a multifamily asset located at 333 East Hennepin Avenue in the Minneapolis market. It consists of 283 units and offers a total square footage of 238,074. The sale price was $82,850,000, which equates to a price per unit of $292,756 and a price per square foot of $348.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $82,850,000
• Address: 333 East Hennepin Avenue
• Market: Minneapolis
• Units: 283
• SF: 238,074
• PPU: $292,756
• PPSF: $348
• Buyer: Roundhouse
• Seller: PGIM, Mortenson & Excelsior Group
• Broker Representatives: Josh Talberg, Joseph Peris, Matthew Lawton, Kevin Girard - JLL

This transaction involved key representatives from JLL including Josh Talberg, Joseph Peris, Matthew Lawton, and Kevin Girard, who facilitated the agreement between the buyer, Roundhouse, and the sellers, PGIM, Mortenson & Excelsior Group. Their expertise in the multifamily market contributed to the successful closing of this transaction.