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| Daniel Kaufman |
CHICAGO, IL –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has arranged $24 million in financing
for The Hensley, a 43-unit luxury
apartment community in Chicago’s River North neighborhood.
Working on behalf of the
borrower, Akara Partners, HFF placed the three-year, floating-rate loan with
Heitman LLC. The loan refinanced
existing construction financing on the property.
Completed in 2016, The
Hensley is located at 707 North Wells Street in the vibrant River North
neighborhood of downtown Chicago. The
11-story boutique property is 100 percent leased and has a mix of one-, two-
and three-bedroom floor plans averaging 1,053 square feet each.
The Hensley also has 5,892 square feet of
ground-floor retail, which is fully leased to GT Prime, a new restaurant from
the Boka Restaurant Group.
Apartment
finishes include nine-foot ceilings, floor-to-ceiling windows, Samsung appliances,
quartz countertops, spa-inspired shower fixtures, custom closets, vinyl plank
flooring, Nest thermostats and expansive private terraces. The community features a fitness center and a
12th floor roof deck with a fire pit, kitchen, grilling stations and lounge
seating.
 |
| Stephen Skok |
The HFF debt placement team representing the developer was led by managing directors Danny Kaufman and Stephen Skok.
“It was an absolute
pleasure to work with the team at Heitman,” Kaufman said. “They were very responsive to the impressive
project that Akara delivered.”
“New unit absorption is
continuing at a rapid pace in the River North residential market,” Skok
added. “It is a sign of downtown
Chicago’s appeal and a result of new job creation in the city.”
For a complete copy of the company’s news release,
please contact:
Kristen Murphy
Director, Public Relations
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
tel 617.848.1572 | cell
617.543.4873 | www.hfflp.com
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