CHICAGO, IL – HFF announced it has been named to market for sale Camden at Bloomingdale (top left photo) and Stratford Place (middle right photo), two Class A garden-style apartment communities in Bloomingdale, Illinois.
HFF is marketing the properties on behalf of the seller, LaSalle Investment Management. The properties can be purchased as one investment or individually.
Camden at Bloomingdale is located at 348 Glenwood Drive near the intersection of West Schick Road and Gary Avenue.
Stratford Place is located approximately one-half mile to the southeast of Camden at Bloomingdale at 232 Butterfield Drive.
Both completed in 1991, the properties are comprised of one-, two- and three-bedroom units averaging more than 900 square feet.
The communities have both been partially upgraded and provide investors the opportunity to complete the renovation and thereby create further value.
The properties also provide amenities such as clubhouses, fitness centers, business centers, outdoor swimming pools, tennis courts, sand volleyball courts, jogging trails and dog runs.The HFF investment sales team representing the seller is led by executive managing director Matthew Lawton (middle left photo) and managing directors Marty O’Connell (lower right photo) and Sean Fogarty.
“These properties represent the very best of both product and location in the suburbs. This can be evidenced by the fact that occupancies at both properties are above 95 percent and rental rates continue to grow rapidly,” commented O’Connell.
LaSalle Investment Management is a leading real estate investment manager with nearly 700 employees in 18 countries worldwide. The firm manages $47 billion of private and public property equity investments as of March 31, 2012 and clients include public and private pension funds, insurance companies, governments, endowments and private individuals from across the globe.
Contacts:
MARTY O’CONNELL
Managing Director
(312) 528-3650
MYRA F. MOREN
HFF Director, Marketing
(713) 852-3500
