Sunday, September 23, 2012

HFF closes sale of iconic six-property Chicagoland portfolio



CHICAGO, IL –HFF announced  it has closed the sale of the final property of a six-property, 1,292 unit multi-housing, senior housing and hotel portfolio in the Chicagoland area.

HFF marketed the property on behalf of the seller, IRMCO Properties & Management Corporation.  The six properties were purchased in five separate transactions during 2011 and 2012.

Individual property and sale details are listed below:

Property                                          Address                                                         Unit Size               

The Belden-Stratford                  2300 Lincoln Park West, Chicago             297 Units        

Flamingo Apartments                  5500 South Shore Drive, Chicago             167 Units        

The Seneca                                   200 East Chestnut, Chicago                    264 Units        

Sovereign Apartments                1040 West Granville Avenue, Chicago    283 Units         

Versailles Apartments                 5254 S. Dorchester Avenue, Chicago      96 Units          

North Shore Retirement Hotel  1611 Chicago Avenue, Evanston               185 Units        

The HFF team representing IRMCO Properties & Management Corporation was led by executive managing director Matthew Lawton (top right photo), managing directors Sean Fogarty (top left photo), Marty O’Connell (middle right photo), Danny Kaufman (lower left photo), and Ryan Maconachy, Director Chad Lavender and senior managing director Dan Peek.

IRMCO Properties & Management Corporation is recognized for its management of some of Chicago’s most renowned properties.  These properties are located along Chicago's famous lakefront, where IRMCO has established its reputation for operating hotels, apartment buildings and retirement communities since 1951.

Contact:

Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 |

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