HFF marketing for sale Willow Crossing in suburban Chicago

Willow Crossing, Elk Grove Village, IL

CHICAGO, IL – HFF announced today that it has been selected to market the sale of Willow Crossing, a 579-unit, garden-style multi-housing community in Elk Grove Village, Illinois.

Sean Fogarty

HFF is marketing the property on behalf of the seller, Golub & Company.

Willow Crossing is located at 1031 Charlela Lane, northwest of downtown Chicago and proximate to Woodfield Mall and top employment hubs such as Alexian Brothers Medical Center and Northwest Community Hospital. 

The value-add property includes one-, two- and three-bedroom units averaging 950 square feet each. 

Marty O'Connell

Community amenities include a brand new clubhouse, state-of-the-art fitness center, two heated swimming pools, business center, dog run and sand volleyball court.

The HFF investment sales team representing the seller is led by managing directors Sean Fogarty and Marty O’Connell along with executive managing director Matthew Lawton.

Golub & Company, headquartered in Chicago, Illinois, has been providing commercial and residential real estate services throughout the United States and across Central and Eastern Europe for 50 years.

Matthew Lawton

 The company has developed, owned or managed more than 45 million square feet of commercial space and 50,000 multifamily units within the United States and abroad, with total value exceeding $8 billion.

  

  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

krmurphy@hfflp.com

Scion and Virtus Acquire $118 Million Portfolio at Virginia Tech, Penn State and Georgia Southern

The Village at Blacksburg student housing community
serving Virginia Tech

CHICAGO, IL. – In a joint venture, affiliates of The Scion Group and Virtus Real Estate Capital have acquired a portfolio of three properties totaling 2,360 beds in 628 apartment units.

Robert Bronstein

 The $118 million portfolio includes The Village at Blacksburg, a 1,056-bed community serving Virginia Tech, State College Park, a 752-bed property serving Penn State University, and University Pines, a 552-bed community serving Georgia Southern University.

Scion will manage the venture and the properties, marking eight student communities now owned by joint ventures of Scion and Virtus.

 The seller was American Campus Communities (NYSE: ACC). Scion and Virtus plan to invest over $6 million in upgrades for the properties, which were acquired with mortgage financing from Fannie Mae issued by M&T Realty Capital Corp. and arranged by Holliday Fenoglio Fowler LLP.

Terrell Gates

 “We are pleased to partner with Virtus in this highly strategic acquisition in three leading university markets,” said Robert Bronstein, president of The Scion Group.

 “This transaction underscores our vibrant partnership, Virtus’ strong status as an investment partner and the key role Virtus has continued to play in the ongoing expansion of our business.”

 Terrell Gates, CEO of Virtus Real Estate Capital, added: “Scion has proven to be a trusted and successful operating partner for us as we continue to grow our student housing portfolio. We welcome the opportunity to invest again with Scion and its focused and dedicated team of student housing specialists.”

  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

krmurphy@hfflp.com

HFF marketing for sale Shops at 95th & Cicero in Chicago, IL

Shoppes at 95th & Cicero, Chicago, IL

CHICAGO, IL - HFF announced today that it has been selected to market the sale of the Shops at 95th & Cicero, a 77,468-square-foot retail center in Chicago.

Amy Sands

HFF is marketing the property for an undisclosed amount free and clear of debt.

The Shops at 95th & Cicero is located in Chicago’s densely populated Evergreen Park/Oak Lawn neighborhood, which is a first ring suburb of Chicago about 15 miles south of the city center.  Renovated in 2006, the property is 98 percent leased to tenants such as Sports Authority, Staples, Men’s Wearhouse, Corner Bakery Café and Verizon.

The HFF investment sales team representing the seller is led by associate director Amy Sands and director Daniel Kaufman.

Daniel A. Kaufman

“The shopping center is located at the most high-traffic intersection in the well-established Evergreen Park/Oak Lawn retail trade area, which includes more than 500,000 residents,” commented Sands. 

“In addition to its location, the center also has a historically stable and consistent tenant base, which will appeal to cash-flow oriented investors,” continued Kaufman.

  

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

krmurphy@hfflp.com