Wednesday, August 29, 2018

HFF announces sale of The Lex in Chicago’s South Loop



                                                                Photo by Jon Pabst Photograpy
                       The  Lex Apartments, South Loop, Chicago, IL

Sean Fogarty
CHICAGO, IL –– Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of The Lex, a 332-unit, high-rise apartment property in Chicago’s South Loop.

The HFF team represented the seller, Crescent Heights, in the sale of the property to the buyer, FPA Multifamily, LLC.  The property was purchased free and clear of existing financing.

The Lex is located in the heart of the McCormick Square entertainment district at 2138 S. Indiana Avenue. 

The property is a 15-minute walk to the lakefront and directly adjacent to the recently constructed Wintrust Arena and Marriott Marquis Hotel. 

Completed in 2009, The Lex consists of one 35-story tower and one seven-story tower comprising a variety of one-, two- and three-bedroom units averaging more than 900 square feet each.

Marty O'Connell
  Units feature luxury finishes such as granite countertops, contemporary wood cabinetry, Centiva contour plank flooring, high-end appliances, marble vanities, floor-to-ceiling windows and private balconies with panoramic views of the city. 

Community amenities include a sixth-floor rooftop terrace with a swimming pool, hot tub, outdoor grilling and poolside lounge seating; 24-hour fitness center; billiards and resident lounge; business center; dog run; and a resident-only secured parking garage. 

The Lex also features more than 17,000 square feet of ground-floor retail and dining space.

The HFF investment advisory team included managing directors Sean Fogarty and Marty O’Connell, senior director Wick Kirby and director Kevin Girard.

Wick Kirby

CONTACTS:

SEAN P. FOGARTY
IL Lic. #475.137841
HFF Managing Director
(312) 528-3650

OLIVIA N. HENNESSEY
HFF Public Relations Specialist
(713) 852-3500



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