Thursday, January 3, 2013

HFF arranges pre-sale of SoNo East in Chicago’s Lincoln Park neighborhood

SoNo East rendering
840 West Blackhawk Street, Chicago

 CHICAGO, IL – HFF announced today that it represented Furniture, LLC in the sale of SoNo East, a luxury 22-story multi-housing tower with ground-floor retail. 

The property is located at 840 West Blackhawk Street in immediate proximity to Chicago’s new Whole Foods flagship store, the CTA Red Line Station at North & Clybourn, and numerous retail and entertainment attractions. 

Daniel A. Kaufman
HFF marketed the property on behalf of the developer, Smithfield Properties, in the summer of 2011 while it was still under construction.  Prudential Real Estate Investors agreed to purchase the asset upon completion.  The ultimate closing took place in the last week of December 2012. 

Matthew Lawton
SoNo East consists of 324 multi-housing units, 3,990 square feet of ground floor retail and a 204-stall parking garage.  The property features nine-foot ceilings and floor-to-ceiling windows.  Community amenities include a fitness center, a stainless steel swimming pool, hot tub, sundeck, fire pit, billiards room, café/lounge and great room. 

The HFF investment sales team representing the seller was led by director Daniel Kaufman, executive managing director Matthew Lawton and managing director Sean Fogarty.

Sean Fogarty
“SoNo East is the first high-rise multi-housing tower built in Lincoln Park since 1988,” said Kaufman.  “With its unique high-end finishes, best-in-class amenity package and desirable location at the hub of the Clybourn Avenue retail corridor, SoNo East will be Lincoln Park’s dominant residential address for many years to come.”

For a complete copy of the company’s news release, please 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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