JLL Facilitates Sale of Luxury Apartments in St. Paul
JLL announced today the sale of The Hill Apartments, a 162-unit luxury apartment community located in St. Paul’s historic Cathedral Hill neighborhood.
JLL Capital Market’s Investment Sales and Advisory team was led by Managing Director Josh Talberg, Director Joseph Peris and Analyst Eli Smith, who represented the seller, Wolverton Capital.
The Hill represents a rare, 100% union-built property in a core, urban Twin Cities submarket. The award-winning asset offers premium home finishes and modern, luxury amenities. As the state’s capital city, St. Paul provides robust employment drivers, enhanced by government, healthcare and education industries.
“The asset’s quality coupled with its prime location in Cathedral Hill makes it an exceptional investment opportunity in the St. Paul market. We’re seeing tremendous demand for core multifamily assets in the Twin Cities, a market that boasts some of the strongest fundamentals in the country,” said Talberg.
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Brokers
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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
Lenders
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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