 |
| Marty O'Connell |
CHICAGO, IL - Golub & Company announced the sale of Willow
Crossing, a 579-unit multi-housing community in Chicago’s northwest suburbs.
HFF represented the seller, Golub & Company and Alcion
Ventures, in the transaction. Steadfast
Income REIT purchased Willow Crossing for an undisclosed price.
Willow Crossing is situated on 27.5 acres at 1031 Charlela
Lane is adjacent to Interstate 290 and close to Chicago’s O’Hare International
Airport about 20 miles northwest of downtown Chicago in Elk Grove.
The property, which was most recently renovated in 2013,
consists of 11 apartment buildings with one-, two- and three-bedroom units
averaging 950 square feet each.
Community amenities include a clubhouse, fitness center, two
swimming pools, business center, playground, dog run, sand volleyball court and
garage parking for 339 vehicles.
 |
| Matthew Lawton |
The HFF investment sales team representing the seller was
led by managing directors Marty O’Connell and Sean Fogarty, as
well as executive managing director Matthew Lawton.
O’Connell and Sean Fogarty, as well as executive managing
director Matthew Lawton.
Chicago-based Golub & Company and its affiliates
are active internationally in real estate development, acquisitions, asset and
property management, leasing and corporate real estate services.
Since its founding more than 50 years ago, the company has
owned, leased or managed more than 45 million square feet of commercial and
multifamily real estate properties valued in excess of $8 billion. For more
information, visit www.golubandcompany.com.
 |
| Sean Fogarty |
Alcion Ventures
is an entrepreneurial real estate private equity firm that executes a
high-yield investment strategy with uniquely positioned real estate in select
North American markets.
Steadfast Income
REIT is a real estate investment trust that owns and operates a diverse
portfolio of stable, income-producing apartment communities in 11 Midwestern
and Southern states.
Steadfast Income REIT is sponsored by Steadfast REIT
Investments, LLC, an affiliate of Steadfast Companies, an Orange County,
Calif.-based group of affiliated real estate investment companies that acquire,
develop and manage real estate in the U.S. and Mexico.
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:
Post a Comment