Wednesday, May 1, 2013

HFF marketing for sale Lincoln at River Run in suburban Chicago, IL



Lincoln at River Run Apartments
Bolingbrook, IL


CHICAGO, IL – HFF announced today that it has been selected to market the sale of Lincoln at River Run, a 374-unit, Class A, garden-style multi-housing community in Bolingbrook, Illinois.

Matthew Lawton
HFF is marketing the property for an undisclosed amount free and clear of debt on behalf of the seller, Multi-Employer Property Trust (“MEPT”) advised by Bentall Kennedy. 

Lincoln at River Run is located at 350 Whitewater Drive on the border of Bolingbrook and Naperville approximately 30 miles southwest of downtown Chicago. 

Situated on 25.14 acres with views of the DuPage River and access to nearby parks, the property is 95 percent leased and units average 945 square feet each.  Community amenities include an outdoor resort-style swimming pool, 24-hour fitness center, clubhouse and business center.

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.

MEPT is a $5.7 billion, open-end commingled real estate equity fund that invests in a diversified portfolio of institutional-quality real estate assets in 30 major metropolitan markets across the U.S.  Founded in 1982, MEPT is owned by approximately 360 multi-employer, public employee and corporate pension plans.  MEPT is recognized as a pioneer in Responsible Property Investing (RPI) and is one of the largest U.S. real estate funds that is signatory to the UN Principals for Responsible Investment (UN PRI).

Marty O'Connell

Bentall Kennedy is one of North America’s largest real estate investment advisors, providing its clients with access to one comprehensive North American real estate platform.  Bentall Kennedy serves the interests of more than 500 clients on assets of more than $30 billion across 140 million square feet of office, retail, industrial and multifamily properties.

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

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

No comments: