HICAGO, IL – October 24, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of Wheaton Center, a 758-unit, multi-building apartment property in the west Chicago suburb of Wheaton, Illinois.

The HFF team represented the seller, a joint venture between Draper and Kramer, Incorporated and Edge Principal Advisors LLC, in the sale of the property to the buyer, FPA Multifamily, LLC.  The property was purchased free and clear of existing financing.

Wheaton Center consists of six elevator-served residential buildings, including two 20-story towers and four low- and mid-rise buildings, with units averaging 927 square feet and three levels of finish packages.  Community amenities include a resort-style pool with luxury cabanas, grilling area, state-of-the-art fitness center, community room, conference room, catering kitchen, pet spa, bark park, playground, tennis courts and access to the Illinois Prairie Path.  Most recently renovated in 2017, the property is located at 1 Wheaton Center across from the Wheaton Metra station, which offers access via express train into the Chicago CBD.  In addition, the property is a short commute from six Fortune 1000 companies and other top employers along the Interstate 88 Research Corridor.  Wheaton Center’s centralized downtown location provides immediate access to multiple boutique retail, dining and entertainment venues along the city’s treelined streets.

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

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.