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| Lincoln at River Run apartments, Bolingbrook, IL |
CHICAGO, IL – HFF announced that it has closed the sale of Lincoln
at River Run, a 374-unit, Class A, garden-style multi-housing community in
Bolingbrook, Illinois.
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| Sean Fogarty |
HFF marketed the property on behalf of the seller,
Multi-Employer Property Trust (“MEPT”) and its real estate advisor, Bentall
Kennedy. Friedkin Realty Corporation
purchased the property free and clear of existing debt.
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| Matthew Lawton |
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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| Marty O'Connell |
The HFF investment sales team representing the seller was
led by managing director Sean Fogarty along with executive managing
director Matthew Lawton and managing director Marty O’Connell.
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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