Minneapolis, Minnesota

MINNEAPOLIS—(September 16, 2008)—The Minneapolis/St. Paul office of Colliers Turley Martin Tucker (Colliers), a world-wide leader of commercial real estate services, today announced that the multi-family investment team of Gina Dingman, CCIM, James McCaffrey, SIOR, CCIM, and Julie Lux, CCIM has completed the sale of Uptown City Apartments to Invesco Real Estate. The team received the marketing and sale assignment from Cornerstone Real Estate Advisers, LLC and Village Green Companies.

Uptown City Apartments consists of two mixed-use buildings located at 714 and 1220 West Lake Street in Minneapolis’ Uptown neighborhood. The buildings include163 apartment units, 4,000-square feet of retail space, and 222 enclosed parking spaces, including a 59-unit public parking garage. Uptown City Apartments were the first true Class A, urban infill, multi-family property to come to market in Minneapolis in 10 years.

“By purchasing Uptown City Apartments, Invesco was able to acquire a premier property in one of Minneapolis’ hottest neighborhoods. Uptown City Apartments offers a rare combination of cutting-edge architecture and design sophistication within minutes of the downtown Minneapolis Central Business District,” said Gina Dingman, CCIM, vice president of Colliers’ Investment Services division and chair of Colliers’ Multifamily Advisory Group of North America.

About Colliers Turley Martin Tucker

Colliers Turley Martin Tucker recently completed the consolidation of its ownership structure with Cassidy & Pinkard Colliers, Colliers Pinkard, and Colliers ABR, forming a holding company that is one of the nation’s largest commercial real estate service firms.  The consolidated entity operates in all 50 states, completes more than $13 billion in worldwide transactions annually, and manages more than $30 billion in real estate.  The holding company’s portfolio totals 300 million square feet under property management, 210 million square feet of space for lease, and $5 billion in capital markets transactions annually.  The Corporate Solutions division sustains more than 20,000 locations for Fortune 1,000 companies and delivers a new location “Every 80 Minutes.”  Colliers is the top-ranked real estate firm on the Global Outsourcing 100 companies list, IAOP Top 100.  For more information about Colliers International, a worldwide affiliation of independently owned and operated companies, visit www.colliers.com.

Contact Information

Jennifer Umberger
jumberger@ctmt.com

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