Harbert Management and Magellan Investment Partners recently sold Cascade at Town Center, a 204-unit multifamily community in Eden Prairie, Minnesota. The sale was facilitated by JLL, representing both the seller and the buyer, FPA Multifamily. JLL also assisted in arranging financing through Freddie Mac, with the loan to be serviced by JLL Real Estate Capital.
Situated at 12100 Singletree Ln., Cascade at Town Center is conveniently located near major highways, providing easy access to employment centers, shopping options, and the MSP International Airport. The property, built in 2001 with additional units added in 2018, offers a variety of unit sizes including studios and one-, two-, and three-bedroom apartments, averaging 1,158 square feet in size. Each unit is equipped with stainless steel appliances, granite countertops, in-unit washers and dryers, and spacious floorplans.
This successful sale demonstrates strong demand for multifamily properties in the Eden Prairie area and highlights the attractiveness of Cascade at Town Center as a premier residential option.
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