News
ANOTHER ON THE MARKET
July 21, 2011
 |
| A third River North apartment joins EnV and 505 N State on the market: 304-unit, 25-story 77 W Huron is up for sale. HFF's Matthew Lawton, Marty O'Connell, and Sean Fogarty are marketing the property on behalf of Archstone. The property is 99% leased, but reps from HFF say it's different from other downtown properties on the market because of its value-add component. The 1988 building could use upgrades to kitchens, bathrooms, and common areas, so a new landlord could dramatically push rents to compete with the rest of the Class-A properties with the right renovation program. |
