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A record-setting deal: JLL Capital Markets closes historic $17.5 million mixed-use sale in Wayzata – REJournals

Summary by REJournals

Investment sales activity fell throughout 2024. That doesn’t mean, though, that commercial real estate sales activity came to a halt. A recent large-scale sale in a Minnesota community offers proof of that. In the deal, JLL Capital Markets completed the $17.5 million sale of 401 Lake Street, a Class-A, mixed-use development of retail and office space in Wayzata, Minnesota. JLL represented the seller, Lothenbach Properties, LLC, and procured the

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A record-setting deal: JLL Capital Markets closes historic $17.5 million mixed-use sale in Wayzata – REJournals

Investment sales activity fell throughout 2024. That doesn’t mean, though, that commercial real estate sales activity came to a halt. A recent large-scale sale in a Minnesota community offers proof of that. In the deal, JLL Capital Markets completed the $17.5 million sale of 401 Lake Street, a Class-A, mixed-use development of retail and office space in Wayzata, Minnesota. JLL represented the seller, Lothenbach Properties, LLC, and procured the

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REJournals broke the news in 2 months ago on Tuesday, December 31, 2024.

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