JLL has successfully facilitated the sale and acquisition financing of The Cosmopolitan Apartments, a charming eight-story multi-housing community located in the historic Lowertown neighborhood of St. Paul, Minnesota.
Representing the seller AEW Capital Management, JLL’s expert team led by Josh Talberg, Mox Gunderson and Dan Linnell worked diligently to secure Bigos Management as the new owner. Will Tansey from Felhaber Larson law firm represented Bigos Management during this transaction.
In addition to facilitating the sale, JLL also assisted in securing a Fannie Mae loan for The Cosmopolitan Apartments on behalf of its new owner. This loan will be serviced by JLL Real Estate Capital LLC.
Originally built in 1911 as a Neoclassical building, The Cosmopolitan Apartments underwent an $8 million renovation in 1989 to transform it into an apartment community while preserving its historic charm. With modern upgrades and amenities now available for residents’ enjoyment, this property is sure to continue thriving under its new ownership.
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