HFF places $21M first mortgage for Thornberry Woods Apartments in Naperville, IL

HARTFORD, CT – The Hartford office of HFF (Holliday Fenoglio Fowler, L.P.) has placed a $21 million first mortgage loan for Thornberry Woods Apartments,(above centered photo) a 280-unit, Class A multifamily community in Naperville, Illinois.

HFF senior managing director Dana Brome (top left) and director Susan Larkin (top right) worked exclusively on behalf of a single-asset entity for a fund advised by the U.S. real estate business of UBS Global Asset Management.

The team secured the five-year, 4.79% fixed-rate loan through Hartford Investment Management Company. The loan will also be serviced by HFF.
Thornberry Woods Apartments is located on 21.43 acres at 7501 Gladstone Drive south of Interstate 80 in Naperville, a western suburb of Chicago.

Completed in 2002, the property has 14 residential buildings with one- and two-bedroom units averaging 929 square feet each. Community amenities include a fitness center, swimming pool, business center, clubhouse and 85 private garages.

“Thornberry Woods is located in Naperville, a top tier Chicago apartment market that was ranked by Money Magazine in 2006 as second in the ‘Top 100 best places to live in America’,” said Brome.

HFF (NYSE: HF) operates out of 18 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF offers clients a fully integrated national capital markets platform including debt placement, investment sales, structured finance, private equity, note sales and note sale advisory services and commercial loan servicing.

CONTACTS:

Dana E. Brome, HFF Senior Managing Director, 860 275 6199, dbrome@hfflp.com

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