JLL Arranges Luxury Minnesota Apartment Deal
JLL has secured the sale of The Eddi at Pentagon Village, a luxury multifamily community in Edina, Minnesota.
JLL represented the seller, Rise Modular and Solomon Real Estate Group. Oaks Properties acquired the asset. JLL Capital Market’s Investment Sales and Advisory team was led by Managing Director Josh Talberg, Director Joseph Peris and Analyst Jack Graveline.
Located at 4911 W 77th St., The Eddi at Pentagon Village is a premium apartment community completed in 2023, comprised of 202 luxury homes across studios, one- and two-bedroom floor plans with an average unit size of 753 square feet. The Eddi is the largest wood-frame modular apartment building in Minnesota, with 205 modules manufactured off-site by Rise Modular and stacked atop a site-built concrete parking and amenity podium.
“The Eddi represents a premier asset in one of Minnesota’s most sought-after submarkets,” said Talberg. “Edina’s outstanding demographics and supply-constrained fundamentals create exceptional long-term value creation opportunities for multifamily investors.”
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout