The MSP Advisory Services Team represented Minnesota AIDS Project (MAP) in the sale of 1.69 acres of land located at 1400 Park Avenue and 617 14th Street East in Minneapolis. The property included a 24,000 square foot building. Weidner Investment Services, a Washington corporation, was the buyer. Weidner Investment Services has hired Hunt Development to develop a 260-unit market-rate apartment building on the property.
Mike Cassidy, MAP Board Chair, said, “We are very pleased to announce this important transaction, which marks a major step in the transformation process we have undertaken to insure our organization’s long-term success. Under an agreement with Weidner Investment Services, we will be able to stay in our current offices while we are in the process of identifying and securing a new headquarters facility that will be more accessible and allow us to serve our clients more efficiently.”
Founded in 1983 as a statewide nonprofit agency, the Minnesota AIDS Project envisions a Minnesota where new HIV infections are eliminated and individuals living with HIV live long, healthy lives. Their mission is to lead Minnesota’s fight to stop HIV through prevention, advocacy, awareness and services. In partnership with over 1,000 volunteers, they provide compassionate, confidential and non-discriminatory services, including practical, emotional and social support. In 2013, the organization provided services to more than half of the nearly 8,000 Minnesotans living with HIV. The Minnesota AIDS Project’s Risk Reduction staff members reach thousands more throughout the state with HIV prevention education, HIV testing and community outreach to those at the greatest risk for transmission.