HFF marketing for sale Lincoln at Ovaltine Court in greater Chicago area

Lincoln at Ovaltine Court, Villa Park, IL

CHICAGO, IL – HFF announced today that it has been selected to market the sale of Lincoln at Ovaltine Court, a 350-unit multi-housing community in Villa Park, Illinois.

HFF is marketing the property on behalf of the seller, a joint venture between Lincoln Property Company and the AFL-CIO Building Investment Trust, for an undisclosed amount free and clear of debt.

Matthew Lawton

Lincoln at Ovaltine Court is close to the Interstate 294 and Interstate 88 intersection in eastern DuPage County in Villa Park.  Built within the former headquarters of the popular cocoa drink, Ovaltine, the building consists of 344 apartment homes and six retail spaces on a 14-acre site bordered on one side by the historic Prairie Path. 

The residential component of the property is 96 percent leased and includes a mixture of garden- and loft-style units ranging in size from 783 to 1,318 square feet.  Community amenities include a state-of-the-art fitness center, business center, clubroom, outdoor swimming pool and sundeck.

Sean Fogarty

The HFF investment sales team representing the seller is led by executive managing director Matthew Lawton and managing directors Sean Fogarty and Marty O’Connell.

“The historic design and unique layout of this asset provides an opportunity to investors not found anywhere else in the booming Oak Brook submarket.  

Marty O'Connell

The development of this unique property differentiates it from competitors and capitalizes on the core group of renters that desire the downtown loft lifestyle but want to remain in the suburbs as well as appealing to more traditional suburban renters,” said Lawton.

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy

Associate Director

HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046

tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 | www.hfflp.com

krmurphy@hfflp.com