Minneapolis-based Reuter Walton Development has sold the Marquee, a 231-unit mixed-use building in Minneapolis’ Loring Park neighborhood, to a Kansas-based real estate investment firm for $61.6 million.
KC Venture Group, based in Leawood, Kansas, purchased the six-story building at 1410 Nicollet Ave. S. The building features nearly 9,000 square feet of retail space, which is home to Zoe’s Bakery and Café and Sonora Mexican Kitchen and Bar.
The sale price works out to $267,000 per unit