CHICAGO, IL – HFF announced today that it has been named to
market for sale The Belden-Stratford, a 297-unit, luxury multi-housing
community in Chicago’s Lincoln Park neighborhood.
 |
| Sean Fogarty |
HFF is
marketing the property without a formal asking price and the property is being
offered on an “All Cash” basis.
The
Belden-Stratford is one of the premier apartment properties in Chicago and is
located at 2300 Lincoln Park West, a few blocks from Lake Shore Drive
and Lake Michigan, and across the street from Lincoln Park, which contains the
Lincoln Park Zoo, Lincoln Park Conservatory and numerous other cultural and
recreational sites.
Additionally, the community is near the CTA Red/Brown/Purple
Fullerton train stop. Originally built
in 1923 in a Beaux Arts style décor, the property features studio, one- and
two-bedroom units averaging 636 square feet each.
 |
| Matthew Lawton |
The 15-story property offers residents a fitness center, rooftop
sundeck with spectacular views of Lake Michigan and downtown Chicago,
full-service dry cleaner and valet parking.
The Belden-Stratford also has 19,223 square feet of retail space occupied
by several tenants including popular restaurants Mon Ami Gabi and L20.
The HFF investment sales team representing the seller is led
by managing director Sean Fogarty, executive managing director Matthew
Lawton and managing director Marty O’Connell.
“The Belden-Stratford is an iconic and irreplaceable asset
in one Chicago’s finest locations,” said Fogarty.
 |
| Marty O'Connell |
“Strong demographics, top cultural and entertainment
attractions, and very solid market fundamentals have led to robust demand for
Lincoln Park communities, indicated by a remarkable average vacancy rate of 2.3
percent since 1995,” added Lawton.
For a complete copy of the company’s news release, please
contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873 | www.hfflp.com
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