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Josh Talberg |
MINNEAPOLIS, MN – JLL Capital has secured the sale and financing of Cottages of Aspen, a 114-unit townhome community in Oakdale, Minnesota. The price was not disclosed.
JLL represented the seller, Podawiltz Development Corporation.
Cottages of Aspen is
strategically located at 1745 Granada Ave N., one of the Twin Cities' most
desirable suburban communities. The property offers residents immediate access
to major employers, shopping districts and recreational amenities, including
the adjacent 40-acre Richard Walton Park.
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Pat McMullen |
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Joseph Peris |
The Cottages of Aspen, a 55+
townhome community built in 1991 and renovated in 2008, offers a desirable
living experience with its high 95% occupancy rate. Spanning 99,600 rentable
square feet, the community features one- and two-bedroom units averaging 874
square feet, each boasting modern finishes, appliances, a front porch and a
private garage.
JLL Capital Market’s Investment
and Sales Advisory team was led by Managing Director Josh Talberg. JLL’s
Debt Advisory team was spearheaded by Senior Director Pat McMullen and
Director Joseph Peris.
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Cottages of Aspen, Oakdale, MN |
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research resources, please visit JLL’s newsroom.
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James Michael Podawiltz, |
About Podawiltz
Development Corporation
Podawiltz Development Corporation, led by Key Principal James
Michael Podawiltz, is a Saint Cloud, Minnesota-based company specializing
in land subdivision, heavy and civil engineering construction and residential
land development.
Contact:
Gréta Kieras Senior Associate
Public Relations
Phone: +1 949
930 8498
Email: greta.kieras@jll.com