Wednesday, March 1, 2017

HFF closes sale of mixed-use property in Chicago’s North Shore


                                                                                     (photo credit: ©2017 balloggphoto.com)

Renaissance Place, 1849 Green Bay Road, Highland Park, IL

CHICAGO, IL, March 1, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of Renaissance Place, a mixed-use retail, office and multi-housing property in Chicago’s North Shore community of Highland Park, Illinois.

HFF marketed the property on behalf of the seller, Metzler Real Estate.  Tabani Group purchased the asset.


Amy Sands

Renaissance Place was completed in 2000 and consists of 82,604 square feet of in-line retail and 54,534 square feet of office space.  The property also includes 30 luxury one- and two-bedroom multi-housing units in 36,660 square feet.  In addition, there is a 48,000-square-foot two-level space previously occupied by Saks Fifth Avenue, bringing the total square footage of the property to 221,789 square feet.  

Jaime Fink

Located at 1849 Green Bay Road, Renaissance Place encompasses an entire city block of downtown Highland Park, one of the most affluent communities in the U.S, with annual household income in a three-mile radius of the property averaging $153,481.  

The mixed-use property is .3 miles from the Highland Park Metra station and is walking distance from more than 18,000 households.

The HFF investment sales team representing the seller was led by directors Amy Sands and Clinton Mitchell as well as senior managing directors Jaime Fink and Jeffrey Bramson.

Metzler Real Estate provides independent advice and tailored investment services to private and institutional clients investing in key North American real estate markets.  

Metzler envisions and executes customized investment strategies to realize our clients’ specific investment objectives.  The company’s clients benefit from its clear focus on their unique goals, its active and disciplined approach to investment and its track record of stability and proven performance.  http://www.metzlerna.com

Tabani Group is a full-service commercial real estate company operating across the United States.  Based in Dallas, Texas, the company’s expertise is built upon its reputation for creativity, judgement, timeliness and integrity.  Questions can be directed to Media@TheRenaissancePlace.com
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 For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Director, Public Relations
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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