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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.
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| 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.
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| 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).
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| 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
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