Waterton spends $111.5M ($301k/unit) for 370-unit, 30-Story Apartment Tower in Downtown Minneapolis, 365 Nicollet, from Opus, Corebridge JV

  • 7/22/2025

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Waterton has acquired 365 Nicollet, a 30-story apartment tower with 370 units in downtown Minneapolis. The seller was a joint venture between Opus Development Co. and Corebridge Real Estate Investors. Opus constructed, designed and developed the property in 2018. Located at 365 Nicollet Mall in the city’s Gateway District, the building features studios, one-, two- and three-bedroom units. There are 50 penthouse units. Amenities at the property include a fitness center, yoga studio, sauna, relaxation room, outdoor pool, entertainment kitchen, recreation lounge, coworking space, golf simulator, pet spa and dog run.

Waterton
Julie Heigel | SVP, Acquisitions-Midwest, Southeast, DC Metro
The Opus Group
Alex Vulic | VP, Development-Midwest
Corebridge Real Estate Investors (fka AIG Global)
Christopher Tulimieri | Managing Director, Acquisitions/Development-Head of Northeast/Midwest
Waterton
Matthew Masinter | EVP, Acquisitions-MF

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