CHICAGO, IL – HFF announced today that it has closed the sale of Deer Valley Apartments (top left photo), a 224-unit, Class A multi-housing community in the affluent northern Chicago suburb of Lake Bluff, Illinois.
HFF marketed the offering on behalf of the seller, Stockbridge Capital Group, LLC. Prime Property Investors purchased the property on an “all cash” basis.
Deer Valley Apartments is located at 30011 North Waukegan Road close to Interstate 94 about 32 miles north of downtown Chicago.
The 13.5-acre site has 13 residential buildings plus a clubhouse. Apartment homes average 847 square feet each and community amenities include garages, a clubhouse, swimming pool, fitness center and business center.
The HFF team representing Stockbridge Capital Group, LLC was led by executive managing director Matthew Lawton (lower right photo) and managing directors Sean Fogarty and Marty O’Connell.
Contacts:
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500
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