Reuter Walton Development has sold Marquee, a 231-unit, mid-rise multifamily community located in the Loring Park neighborhood of Minneapolis.
KC Venture Group acquired the asset for $61.6 million.
Marquee consists of studio, alcove, one-bedroom and two-bedroom units with nine-foot ceilings, full-size washers and dryers, stainless steel appliances, and quartz countertops. The property features many high-end community amenities, including a private conference room, bike storage, a dog wash station, a club room, a rooftop pool that converts to a hot tub in the winter, a resident lounge and a fitness center. The building also offers 8,865 square feet of first-floor retail space.
Located at 1410 Nicollet Ave., the property neighbors Loring Park, the largest green space in downtown Minneapolis. The community is less than a 15-minute walk to top employers within the CBD and is less than a 30-minute commute by interstate to top suburban job opportunities. Residents h
