Wednesday, July 20, 2011

HFF named to market for sale value-add multi-housing high-rise in Chicago’s River North neighborhood


 CHICAGO, IL – HFF announced today that it has been named to market for sale 77 West Huron (top left photo), a 304-unit, 25-story luxury multi-housing community with ground-floor retail space in Chicago’s River North neighborhood.  

The HFF team representing Archstone includes executive managing director Matthew Lawton (bottom right photo) and managing directors Marty O’Connell and Sean Fogarty.  The property is offered without a formal asking price free and clear of existing debt.

77 West Huron is located within walking distance of “The Magnificent Mile” and CTA train and bus service in Chicago’s River North neighborhood. 

The property has studio, one-, two- and three-bedroom homes that range in size from 536 square feet to 2,862 square feet and offer panoramic views of the downtown skyline.

 The 25th floor functions as the amenity level and features an indoor heated pool, sauna, exercise room, locker rooms and sundeck with lounge furniture and grills.  Additional community amenities include doorman service, a laundry room, on-site dry cleaners, bicycle storage and a 192-space parking garage. 

“The property has excellent value-add potential through a renovation program for both kitchens and baths as well as common areas.  Being located in the River North neighborhood is ideal for residents and is further supported by its current occupancy of 99%,” commented Lawton.
  
Contacts: 
Matthew D. Lawton, HFF Executive Managing Director, (312) 528-3650, mlawton@hfflp.com                                  
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500,

                                       

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