©2025 Real Estate Publishing Corporation
December 2025 • VOL. 42 No. 6
LouMin Holdings moves into Minnesota with acquisition of The Deco By Dan Rafter, Editor
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ouMin Holdings made its Minnesota debut with the acquisition of The DECO, a five-story Class-A mixed-use development that has become one of downtown Shakopee’s most visible additions. The Minnesota-based investment firm closed on the 89-unit luxury property this month, planting a flag in one of the Twin Cities’ more competitive suburban multifamily markets. For LouMin, the purchase is more than a new address. It represents the first Minnesota addition to a portfolio that has grown across the Upper Midwest and highlights the local leadership of Co-Founder and
The DECO (Photo courtesy of LouMin Holdings.)
President Brad Swenson, who is based in the Twin Cities. Company officials say the Shakopee acquisition is a natural fit, pointing to the city’s rising population, expanding employer base and strong demand for high-quality rental housing. “This building checks all the boxes,” Swenson said. “It has a thoughtful design. It is in a walkable neighborhood and is connected to the community. We think that it is a perfect fir for our hands-on partnership-based approach. We are looking forward to actively managing and enhancing the building.”
JLL Capital Markets secured the sale of the DECO Apartments on behalf of the seller, Enclave. JLL Capital Market’s Investment Sales and Advisory team was led by Director Joseph Peris and Managing Director Josh Talberg. “The Shakopee story has been a fun one to tell, and one that has been very well-received by the marketplace today,” Peris said in a statement. “This was a highly sought-after investment opportunity, and we’re excited for the LouMin team who is acquiring a great property in a location with compelling tailwinds for sustained performance.” LouMin to page 26
Committing to a strong industrial market in Eagan: Saber Hall not afraid to make big investments in local industrial properties By Dan Rafter, Editor
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he leaders at Saber Hall Investment Management? They believe in the strength of the Twin Cities-area industrial sector. They’re especially bullish on the community of Eagan, Minnesota. And to prove it? They’re investing heavily in it, making new industrial acquisitions in the region. That includes Saber Hall’s newest acquisition, Boulder Lakes III, a 116,549-square-foot, Class-A light-industrial/tech building at 3000 Ames Crossing Road in Eagan, Minnesota.
The $15.4 million acquisition marks the fourth Eagan industrial property that Saber Hall has added to its commercial portfolio. Ryan Bohrer, managing partner with Saber Hall, said that the Boulder Lakes acquisition came with several positives that made it a good fit for the company’s portfolio. Chief among these is its location near the Viking Lakes mixed-use development in Eagan Thomason Reuters’ sprawling campus in the same community.
“It’s a newish building in such a strong location,” Bohrer said. “It comes with a lot of positive talking points. We feel that it’s a good add for our portfolio.” Boulder Lakes III still counts as a newer industrial property, having been built in 2008. The property is also in demand, currently 82% leased to five tenants: Krech Exteriors, Lynx Innovation, The Open Door Pantry, People, Inc. and Service Express. Saber to page 26