HFF named to market for sale Gates of Deer Grove in Palatine, IL

                             

CHICAGO, IL – HFF announced today that it has been named to market for sale Gates of Deer Grove (top left photo), a 204-unit, recently renovated multi-housing community in Palatine, Illinois.

HFF is marketing the property on behalf of the seller, The Laramar Group, LLC, and expects to call for offers in mid-September.  The community is being offered “all cash”.

Gates of Deer Grove is located at 125 W Dundee Road north of Interstate 90 in the northwestern Chicago suburb of Palatine.  The property features studio, one- and two-bedroom units within six residential buildings.  Community amenities include a new clubhouse with multi-media theatre, internet café, fitness center, social activities room, outdoor pool and dog park.

The HFF investment sales team representing The Laramar Group, LLC is led by executive managing director Matthew Lawton (lower right photo) and managing directors Sean Fogarty and Marty O’Connell.

The Laramar Group, LLC is a fully-integrated real estate investment and management company, with corporate headquarters in Chicago and property management headquarters in Denver.  For more information, visit www.laramargroup.com.

Contacts:    

Matthew D. Lawton, HFF Executive Managing Director, (312) 528-3650 mlawton@hfflp.com                                                                                     

Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500,

krmurphy@hfflp.com