CBRE Multifamily represented MSP Crossroads Apartments LLC in the sale of The Concierge, a 698-unit multifamily community at 7600-7720 Penn Avenue S, to JRK Investors Inc. The Minneapolis-based team of Keith Collins, Abe Appert, Ted Abramson, and Ike Hoffman represented the seller.
Built in 1968 and renovated from 2016 to 2018, Concierge is located in the Minneapolis suburb of Richfield and is well connected by its access to I-494, proximity to premiere shopping district and Best Buy World Headquarters next door. The building offers resort-style living with best-in-class amenities, such as the largest outdoor swimming pool in
Minnesota with an expansive sun deck, cabanas, entertainment space, state of the art fitness center, golf simulator, rock climbing walls, and much more. The six-building community is comprised of 457,620 square feet.