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| Photo by Jon Pabst Photograpy |
The Lex Apartments, South Loop, Chicago, IL
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| Sean Fogarty |
CHICAGO,
IL –– Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of
The Lex, a 332-unit, high-rise apartment property in Chicago’s South Loop.
The HFF
team represented the seller, Crescent Heights, in the sale of the property to
the buyer, FPA Multifamily, LLC. The property was purchased free and
clear of existing financing.
The Lex
is located in the heart of the McCormick Square entertainment district at 2138
S. Indiana Avenue.
The
property is a 15-minute walk to the lakefront and directly adjacent to the recently
constructed Wintrust Arena and Marriott Marquis Hotel.
Completed
in 2009, The Lex consists of one 35-story tower and one seven-story tower
comprising a variety of one-, two- and three-bedroom units averaging more than
900 square feet each.
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| Marty O'Connell |
Units feature luxury finishes such as granite countertops, contemporary wood
cabinetry, Centiva contour plank flooring, high-end appliances, marble
vanities, floor-to-ceiling windows and private balconies with panoramic views
of the city.
Community
amenities include a sixth-floor rooftop terrace with a swimming pool, hot tub,
outdoor grilling and poolside lounge seating; 24-hour fitness center; billiards
and resident lounge; business center; dog run; and a resident-only secured
parking garage.
The Lex
also features more than 17,000 square feet of ground-floor retail and dining
space.
The HFF
investment advisory team included managing directors Sean Fogarty and Marty
O’Connell, senior director Wick Kirby and director Kevin Girard.
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| Wick Kirby |
CONTACTS:
SEAN
P. FOGARTY
IL Lic.
#475.137841
HFF
Managing Director
(312)
528-3650
OLIVIA
N. HENNESSEY
HFF
Public Relations Specialist
(713)
852-3500
