Wednesday, March 9, 2011

HFF closes sale of suburban Minneapolis multi-housing community

Hampshire Hill in Bloomington, MNCHICAGO, IL –HFF has closed the sale of Hampshire Hill Apartments (top left photo), a 534-unit multi-housing community in Bloomington, a southwestern suburb of Minneapolis, Minnesota.

HFF marketed the property on behalf of the seller.  Westdale Investment Partners, LLC was the purchaser of the community.

Located at 10660 Hampshire Avenue South, Hampshire Hill Apartments is close to Interstates 35 and 494, Highway 169 and the Minneapolis St. Paul International Airport in Bloomington. 

The 95 percent occupied property has seven three-story buildings with studio, one- and two-bedroom units averaging 980 square feet each.

  Community amenities include a clubhouse, pool, business center, fitness center, dry cleaning service, car wash facility, dog park and walking/biking trails.  Each building includes heated underground parking.

The HFF team was led by executive managing director Matthew Lawton and managing directors Sean Fogarty and Marty O’Connell.

Westdale Investment Partners, LLC (formerly Redwood Capital Partners) currently owns and operates eight properties totaling more than 4,100 units in various markets throughout the Midwest, Southeast and Southwest.

Matthew D. Lawton, HFF Executive Managing Director, (312) 528-3650,
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500

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