Greenstone Partners Closes Nearly $25M in Chicago Multifamily, Retail Deals
Greenstone Partners has completed three transactions in the Chicago area, totaling nearly $25 million across the multifamily and retail sectors.
The deals included the $18.15 million sale of Block Belmont, a newly constructed, fifty-four-unit multifamily property. Greenstone represented the seller, a Chicago-based developer, and also procured the purchaser, a private local 1031 exchange buyer. The firm also brokered the sale of Elmwood Commons, a 16,840-square-foot retail center located in Elmwood Park, Illinois. The property
sold to an institutional investor for $5.18 million.
Additionally, Greenstone completed the sale of 1446 N. Campbell, a modern mid-1990s construction multifamily asset in a transaction that closed for $1 million. The buyer was attracted to the opportunity for its value-add potential, with a game plan focused on modernizing the units and legalizing an additional ADU.
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Queens’ Tallest Tower Reaches 90% Leased, Adds First Retail Tenants
BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 residences nine months after launching residential leasing. The milestone occurs as the 70-story Long Island City development recently signed its first three retail tenants: K-beauty brand Tokimo, Japanese tea and beverage brand Mollytea and financial technology platform...
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80-Unit Seniors Housing Development Opens in Suburban Chicago
Leyden Senior Apartments, a new four-story independent senior living development in Franklin Park, recently opened. Located at 2506 N. Mannheim Road, Leyden Senior Apartments offers one- and two-bedroom residences. The adjacent newly constructed Carl Fiorito Senior Center will be available to the entire community. Owned by Leyden Apartments LP, Leyden Senior Apartments was designed by...
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312-Unit Multifamily in Indiana Changes Hands
Northmarq’s Investment Sales team, led by Bobby Schiavone, Jordan Arand and Adam Klenk, led the sale of The Bend Apartments, a 312-unit garden apartment community located at 1909 Greentree Blvd. in Clarksville, Indiana. Northmarq represented the seller, a regional multifamily developer. The buyer was a private investor. “The Bend generated significant investor demand, further proving...
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout