Colliers Arranges Sale of 100-Unit Multifamily Property in Minneapolis
Colliers completed the sale of Anderson Plaza Apartments, a 100-unit multifamily community located at 1800 NE Garfield Street in Minneapolis.
Developed in 1963 and family-owned since its inception, this transaction marks the first time the asset has changed ownership. The sale was led by the Colliers team of Executive Vice Presidents Mox Gunderson, Dan Linnell, and Adam Haydon, as well as Associate Vice President Devon Dvorak and Associate Drew Jackson, who represented the seller. “The property presented a compelling value-add opportunity, supported by strong rent premiums achieved by recently renovated assets in the area,” commented Dvorak.
The community was acquired by Quarry Apartments LLC. At closing, the asset was approximately 86% occupied. Originally constructed on a former quarry site, Anderson Plaza has long served as a cornerstone of workforce housing in Northeast Minneapolis. The asset is comprised of 100 units, featuring a unit mix of 46 one-bedroom and 54 two-bedroom units.
Join us on Tuesday afternoon, June 2, 2026, at the Connect Midwest Multifamily Trends Conference as JDL Founder, Jim Leitchinger, is honored with the Changing Skyline Award followed by an exclusive Keynote Interview. This is a rare opportunity to hear firsthand insights from one of the region’s most influential visionaries in multifamily development.
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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