Multifamily W Minnesota

CBRE helps sell 214-unit townhome development near Minneapolis

CBRE helps sell 214-unit townhome development near Minneapolis,ph01

CBRE recently represented Hans Hagen in the sale of Seasons Villas, a 238,840-square-foot townhome property in Woodbury, Minnesota, to Boston Capital.

Keith Collins, Abe Appert and Ted Abramson of CBRE Minneapolis represented Hans Hagen in the transaction.

Seasons Villas’s occupancy rate has hovered at an average of 98.5 percent during the past five years.

Constructed in 1989, the 214-unit Seasons Villas features European-designed cabinets, private entrances, double party walls for minimal sound transmission between tenants, attached garages and several other best-in-class amenities.

Conveniently located west of Radio Drive and Tamarack Road, Season Villas is surrounded by more than 2.2 million square feet of retail and is in close proximity to several major employers, including 3M, Hartford Insurance, Anytime Fitness headquarters and Marathon Oil.