HFF to Market Sale of Schaumburg, IL Multifamily Community on Behalf of Cornerstone Real Estate Advisers LLC

CHICAGO, IL – The Chicago office of HFF (Holliday Fenoglio Fowler, L.P.) has been named by Cornerstone Real Estate Advisers LLC to market for sale The Lakes of Schaumburg, (above photo) a 428-unit multifamily community in Schaumburg, Illinois.

The HFF investment sales team will be led by senior managing director Matthew Lawton, (top right photo) managing director Marty O’Connell (middle left photo) and director Sean Fogarty (middle right photo). The property is listed without a formal asking price and is free and clear of existing debt.

Located at 801 Belinder Lane, The Lakes of Schaumburg is convenient to Interstates 90 and 290, two Metra commuter rail lines, O’Hare International Airport and local Schaumburg area employers.

The property has been recently renovated and includes one- and two-bedroom apartment homes averaging 801 square feet each. Residents have access to two clubhouses with a fitness center, business center, Wi-Fi lounges, two outdoor heated swimming pools, playgrounds and a jogging/bike trail.

“The Lakes of Schaumburg has been impeccably maintained and managed to the highest institutional standards. Schaumburg is an extreme infill location as evidenced by the fact that the last apartment community built in Schaumburg was in 1990,” said Lawton.

Cornerstone Real Estate Advisers LLC is a registered investment advisor that helps pension plans, endowments, foundations, insurance companies and other institutions meet their investment objectives in investment in public and private real estate equity.

CONTACTS:

Matthew D. Lawton, HFF Senior Managing Director, 312 528 3650, mlawton@hfflp.com

Laurie Fish McDowell, HFF Associate Director, Marketing, 617 338 0990, lmcdowell@hfflp.com