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| River North Park Apartments, River North Neighborhood, Chicago, IL |
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| Matthew Lawton |
CHICAGO, IL –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has closed the recapitalization and
arranged financing for River North Park,
a 400-unit, 24-story apartment tower in Chicago’s River North neighborhood.
HFF represented Waterton
in the recapitalization of the property.
Angelo, Gordon & Co., L.P. purchased a majority interest in the
asset for an undisclosed amount. HFF
also arranged a short-term, floating-rate acquisition loan on behalf of the new
owner with a national bank.
River North Park is
located at 320 West Illinois Street, steps from the Chicago Transit Authority’s
(CTA) Merchandise Mart Brown/Purple station.
With a WalkScore® of 98, the property is near the Hubbard Street and Rush
and Division entertainment corridors as well as some of Chicago’s top retail
attractions along and surrounding North Michigan Avenue.
River North Park is also
convenient to Lake Shore Drive and Interstates 90/94, 290 and 55 offering
access around the metropolitan area. The
community features a 24-hour door attendant, enclosed garage parking, fitness
center, indoor heated lap pool, internet café and a private, half-acre
landscaped courtyard with sundeck and gas grills.
The HFF investment sales
team representing Waterton was led by executive managing director Matthew Lawton along with managing
director Sean Fogarty.
HFF’s debt placement team
representing Angelo, Gordon & Co., L.P. was led by managing director Stephen Skok.
For a complete copy of the company’s news
release, please contact:
Olivia Hennessey
Public Relations
Coordinator
HFF | 9 Greenway Plaza
Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax
713.527.8725 | www.hfflp.com
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