CHICAGO, IL – HFF announced today that it has closed the sale of Avalon at Stratford Green (top left photo), a 192-unit, Class A apartment and townhome community in Bloomingdale, Illinois.
HFF marketed the property on behalf of the seller, Avalon Bay Communities, Inc.
Avalon at Stratford Green is situated on a 12.7-acre site at 492 Vinings Drive adjacent to the Stratford Square Mall in the western Chicago suburb of Bloomingdale.
Completed in 1997, the property has one-, two- and three-bedroom units averaging 1,234 square feet and is 97 percent occupied.
Community amenities include a clubhouse/leasing center, heated pool with sundeck, bbq/picnic areas and walking path. Most units feature private direct-access garages.
The HFF investment sales team representing the seller was led by managing director Marty O’Connell (top right photo) executive managing director Matthew Lawton (middle left photo) and managing director Sean Fogarty (lower right photo).
“Avalon at Stratford Green is the newest apartment community in the Bloomingdale apartment submarket and is considered to be one of the very finest Class A communities in all of DuPage County,” said O’Connell.
AvalonBay Communities, Inc. is in the business of developing, redeveloping, acquiring and managing high-quality apartment communities in the high barrier-to-entry markets of the United States. These markets are located in the Northeast, Mid-Atlantic, Midwest, Pacific Northwest and Northern and Southern California regions of the country.
Contacts:
MARTY O’CONNELL, HFF Managing Director, (312) 528-3650
KRISTEN MURPHY, HFF Associate Director, Marketing,
(713) 852-3500, krmurphy@hfflp.com
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