Golub & Company and Alcion Ventures was represented by HFF in the sale of Willow Crossing Apartments in suburban Chicago

Marty O'Connell

CHICAGO, IL - Golub & Company announced the sale of Willow Crossing, a 579-unit multi-housing community in Chicago’s northwest suburbs.

HFF represented the seller, Golub & Company and Alcion Ventures, in the transaction.  Steadfast Income REIT purchased Willow Crossing for an undisclosed price.

Willow Crossing is situated on 27.5 acres at 1031 Charlela Lane is adjacent to Interstate 290 and close to Chicago’s O’Hare International Airport about 20 miles northwest of downtown Chicago in Elk Grove.

The property, which was most recently renovated in 2013, consists of 11 apartment buildings with one-, two- and three-bedroom units averaging 950 square feet each. 

Community amenities include a clubhouse, fitness center, two swimming pools, business center, playground, dog run, sand volleyball court and garage parking for 339 vehicles.

Matthew Lawton

The HFF investment sales team representing the seller was led by managing directors Marty O’Connell and Sean Fogarty, as well as executive managing director Matthew Lawton.

O’Connell and Sean Fogarty, as well as executive managing director Matthew Lawton.

Chicago-based Golub & Company and its affiliates are active internationally in real estate development, acquisitions, asset and property management, leasing and corporate real estate services.

Since its founding more than 50 years ago, the company has owned, leased or managed more than 45 million square feet of commercial and multifamily real estate properties valued in excess of $8 billion. For more information, visit www.golubandcompany.com.

Sean Fogarty

Alcion Ventures is an entrepreneurial real estate private equity firm that executes a high-yield investment strategy with uniquely positioned real estate in select North American markets.

 Steadfast Income REIT is a real estate investment trust that owns and operates a diverse portfolio of stable, income-producing apartment communities in 11 Midwestern and Southern states. 

Steadfast Income REIT is sponsored by Steadfast REIT Investments, LLC, an affiliate of Steadfast Companies, an Orange County, Calif.-based group of affiliated real estate investment companies that acquire, develop and manage real estate in the U.S. and Mexico.

 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

krmurphy@hfflp.com

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