| Fifield and Pacific Life Insurance have sold the 350-unit, luxury apartment building Echelon at K Station in the West Loop to Miami-based Crescent Heights for $104.5M. CBRE's John Jaeger and Dan Cohen repped the sellers. The building delivered in '08, but it's already a value-add opp since plenty of other units delivered in 2010 with more luxurious amenties and finishes. It's 95% leased. Fifield's five-building K Station project broke ground eight years ago. Left Bank and Echelon are sold, Alta West Tower and Alta East Tower are leasing, and K2 broke ground in November. |
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