Waterton Acquires 453-Unit City Walk at Woodbury in MN
Waterton has acquired City Walk at Woodbury, a 453-unit rental community in Woodbury, Minnesota.
The wrap-style rental community comprises two four-story residential buildings, heated indoor parking garages, a clubhouse and 24,000 square feet of retail space. Waterton will execute a targeted value-add program to enhance the residences, hallways and common areas throughout the community.
Built in phases in 2005 and 2011, City Walk at Woodbury features relatively large floor plans across one-, two- and three-bedroom configurations. Waterton plans to execute a tailored approach to residential improvements. Updates will range from refreshed cabinets, hardware, and lighting fixtures to new appliances, countertops, plumbing fixtures, flooring, and paint, as needed.
The community is served by the highly-regarded Stillwater Public School District, while proximity to retail, dining and entertainment options offers added convenience. Nearby options for outdoor recreation include Lake Elmo Park Preserve, Powers Lake Park and Lake St. Croix.
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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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Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
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