Minneapolis, MN
CBRE Arranges Sale of 29-Unit Lofts at Mayo Park in Rochester, Minnesota
January 9, 2025
Media Contact
Sr Communication Specialist
CBRE has arranged the sale of Lofts at Mayo Park, a 29-unit multifamily property in Rochester. Eaststar Trust LLC purchased the property from Eastbank Lofts LLC for $6.9 million.
CBRE’s Ted Abramson, Abe Appert and Keith Collins represented the seller in the transaction.
“The Rochester market continues to see demand from capital due to the draw of the Mayo Clinic,” said Abramson.
Lofts at Mayo Park is located at 123 Sixth Ave. SE along Mayo Park, the Zumbro River and the city’s 86 miles of biking trails and minutes from the skyway, providing access to the Mayo Clinic campus and downtown Rochester. Built in 2017, the property features a range of one- and two-bedroom floor plans averaging 942 square feet.
Community and unit amenities include a fitness center, bike storage, a pet washing station, private balconies, a community patio, heated underground parking and rooftop terraces.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.