Saturday, December 10, 2016

HFF closes recapitalization and arranges financing for 400-unit apartment tower in Chicago’s River North

River North Park Apartments, River North Neighborhood, Chicago, IL

Matthew Lawton
CHICAGO, IL –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the recapitalization and arranged financing for River North Park, a 400-unit, 24-story apartment tower in Chicago’s River North neighborhood.

HFF represented Waterton in the recapitalization of the property.  Angelo, Gordon & Co., L.P. purchased a majority interest in the asset for an undisclosed amount.  HFF also arranged a short-term, floating-rate acquisition loan on behalf of the new owner with a national bank.

River North Park is located at 320 West Illinois Street, steps from the Chicago Transit Authority’s (CTA) Merchandise Mart Brown/Purple station.  With a WalkScore® of 98, the property is near the Hubbard Street and Rush and Division entertainment corridors as well as some of Chicago’s top retail attractions along and surrounding North Michigan Avenue. 

River North Park is also convenient to Lake Shore Drive and Interstates 90/94, 290 and 55 offering access around the metropolitan area.  The community features a 24-hour door attendant, enclosed garage parking, fitness center, indoor heated lap pool, internet café and a private, half-acre landscaped courtyard with sundeck and gas grills.

The HFF investment sales team representing Waterton was led by executive managing director Matthew Lawton along with managing director Sean Fogarty.

HFF’s debt placement team representing Angelo, Gordon & Co., L.P. was led by managing director Stephen Skok.

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

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 |

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