Senior associate Steve Larson, CCIM and associate Josh Huempfner represented the seller. The price paid by Tandem Developers was not disclosed.

Tandem recently won preliminary approval from the city of Minneapolis for its plan.

The new development will be comprised of mostly residential condos, with an average cost of $200,000 per unit, and ground-level retail space.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.