CHICAGO, IL – July 18, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of Burnham Pointe, a 298-unit high-rise apartment property in Chicago’s South Loop.

The HFF team advised on the transaction between the seller, Crescent Heights, and the buyer, a joint venture between Draper and Kramer, Incorporated and Intercontinental Real Estate Corporation.  The property was purchased free and clear of existing financing.

Burnham Pointe is located at 730 S. Clark Street within walking distance to the Harrison, LaSalle and Library/Van Buren “L” stations; the LaSalle Street Metra station; and retail and dining amenities in the historic Printer’s Row neighborhood.  The 28-story property comprises a mix of one- and two-bedroom luxury units featuring spacious layouts, stainless steel appliances, floor-to-ceiling windows and large balconies.  Community amenities include a resistance pool, spa, sauna, outdoor terrace with fireplaces, fully equipped fitness center, clubroom with full kitchen/bar, private lounge, dog run and 24-hour doorman.  The property is 96 percent occupied.

The HFF investment advisory team included managing directors Sean Fogarty and Marty O’Connell, senior director Wick Kirby and director Kevin Girard.