Friday, August 2, 2013

HFF closes sale of Lincoln at River Run in suburban Chicago


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.

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.

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.

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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