Bigos Management announced that it acquired and received financing for The Cosmopolitan Apartments, an eight-story, 258-unit multi-housing community located in the historic Lowertown neighborhood of St. Paul.
JLL worked on behalf of the seller, AEW Capital Management. JLL also worked on behalf of the new owner to secure the Fannie Mae loan. The loan will be serviced by JLL Real Estate Capital, a Fannie Mae DUS lender.
Bigos Management was represented by Felhaber Larson law firm.
Formerly the Finch, Van Slyck and McConville Dry Goods Company building, The Cosmopolitan Apartments was originally a Neoclassical building from 1911, which was transformed into a vibrant apartment community in 1989. Since then, the building has undergone $8 million in upgrades to blend its historic charm with modern living. The property features studio, one-bedroom and two-bedroom floorplans, averaging 805 square feet, and units include stainless steel appliances, 12-foot windows, 16-fo
