$100M Sale Looming
|HFF executive managing director Matthew Lawton is now handling the $100M-plus sale of River North Park. (We know how he feels, we once paid $300 for a couch.) Hear more about his deals and views at Bisnow’s 3rd Annual Multifamily Summit, March 13 at the Westin Chicago River North. Register here!|
Matthew tells us that he’s wrapping up the bidding process for the 399-unit apartment building at 320 W Illinois St in Chicago’s River North Neighborhood on behalf of Waterton Associates. He says it is a great value-add opportunity and the buyers will make a substantial investment in the property. It will be well worth it, he says, because the Chicago multifamily market has very strong occupancy and rent growth, which has led to high transaction volume.