NAI Everest Brokers Sale of Superior Plating Site Northeast Minneapolis
MINNEAPOLIS, MN – June 15, 2015: NAI Everest is pleased to announce the successful brokering and sale of the 5.45 acre Superior Plating site located in the Northeast Minneapolis neighborhood of the Twin Cities. The two city block site was sold by First & University Investors LLC to Lennar’s Multifamily arm for $13,740,000, equaling $2.5M per acre. The site is at 315 First Avenue NE, just two blocks from the Mississippi River and the first phase of development will include 278 apartment units as well as 22,000 square feet of commercial space.
“The Northeast Minneapolis neighborhood is one of the most vibrant and sought after locations for restaurants, retail and apartment living,” said Gina Dingman, President of NAI Everest. “It is terrific that Lennar was able to acquire this site to meet the demand for further development in one of Minneapolis’s most dynamic communities.”
About NAI Everest
NAI Everest is a dynamic, full-service commercial real estate firm and is delighted to be the Twin Cities’ regional representative of NAI Global. NAI Global has more than 350 offices around the world and is the only managed network of commercial real estate firms spanning the globe.
Located in Minneapolis, Minnesota, NAI Everest is a rapidly growing, privately owned commercial real estate brokerage firm. We draw on our local knowledge and network of global relationships to provide world-class service to clients.
Our experienced team provides clients with fully integrated real estate solutions with local, regional, national and international capabilities. Facilitating millions of dollars in transactions each year in the Twin Cities and around the country, NAI Everest specializes in brokerage services, advisory services, equity sourcing, market analysis, project management and property management.
At NAI Everest, we focus on the long-term success of our clients. Through active listening to understand our clients’ needs, and by drawing upon our deep relationships and years of experience, we assist our clients in achieving their goals and objectives.
Our experienced professionals joined the NAI network to better serve clients by combining global capability with local expertise. Our clients come to us for the depth of our local knowledge and the power of our collaborative global network. Leveraging our long-term industry relationships and the NAI Global network, we strive to create connections to strategically assist clients with their commercial real estate needs.
In order to maximize client service, NAI Everest leverages the latest tools and technology, marketing vehicles, and research so our clients receive the absolute highest levels of exposure, representation, and service.
About NAI Global
NAI Global is the single largest, most powerful global network of owner-operated commercial real estate brokerage firms. NAI Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. NAI Global Member firms, leaders in their local markets, are actively managed to work in unison and provide clients with exceptional solutions to their commercial real estate needs. Founded in 1978, today NAI Global has more than 375 offices strategically located throughout North America, Latin America, Europe and Asia Pacific, with over 6,700 local market professionals, managing over 380 million square feet of property. Supported by the central resources of the NAI Global network, Member firms deliver market-leading services locally and combine their in-market strengths to form a powerful bond of insights and execution for clients with multi-market challenges.
NAI Global was acquired in 2012 by C-III Capital Partners, a leading commercial real estate services company engaged in a broad range of activities, including primary and special loan servicing, loan origination, fund management, CDO management, principal investment, online capital markets, title services and multifamily property management. C-III’s principal place of business is located in Irving, TX, with additional offices in New York, NY, Greenville, SC and Nashville, TN.
To learn more, visit www.naiglobal.com.
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