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Powers Ridge Acquires Chanhassen Multifamily

Developer Sells 56 Units for $5.1M
By Thomas Phillips
November 29, 2012 | 7:41 P.M.

A private investor acquired the Powers Ridge multifamily property at 1321 Lake Dr. in Chanhassen, MN from Powers Ridge Development, Inc. for $5,125,000, or about $92,000 per unit.

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