Twin Cities 480-unit Community, 610 West, sells for $110M ($229k/unit); Spyglass Capital Partners purchased the property from The Doran Group

1/9/2025

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MHN

• Subcategory: Capital Markets: Debt, MF: Market Rate

• Tag: Sale

• Additional Filters-Subcategory: Capital Markets: Agency Loan, MF: Garden

• Additional Filters-Tags: Sale: Investment, Sale: Single Property

• Company: Jones Lang LaSalle (NYSE: JLL), Fannie Mae

The Doran Group, an Eden Prairie, Minn.-based real estate development firm, has sold 610 West Apartments, a Class A multifamily property in the Twin Cities community of Brooklyn Park, Minn. Spyglass Capital Partners purchased the 480-unit property.

JLL Capital Markets represented the seller and secured acquisition financing on behalf of Spyglass Capital Partners. The Fannie Mae loan will be serviced by JLL Real Estate Capital, LLC.