JLL Negotiates Sale of 346-Unit Apartment Tower in Minneapolis

MINNEAPOLIS — JLL Capital Markets has arranged the sale and financing of 270 Hennepin, a newly constructed, 346-unit apartment tower in Minneapolis. Josh Talberg, Joseph Peris and Jack Graveline of JLL represented the seller, a partnership between Diamond Realty Investments and Harlem Irving Cos. JLL also secured a seven-year acquisition loan through Freddie Mac on behalf of the buyer, Roundhouse. Delivered in 2021, 270 Hennepin rises 21 stories. The property is 95 percent leased, and units average 784 square feet. The development also includes 20,075 square feet of ground-level commercial space that is fully leased to mini golf entertainment concept Puttery. Amenities at the property include an indoor pool on the 19th floor, a fitness center and yoga studio, work-from-home lounge, a private dog run, rooftop patios and terraces and heated underground parking across four levels.