The John Buck Co. sold 3Eleven, a 25-story apartment building in River North, for $76M to Vista Property. JLL represented the Chicago developer and its institutional partner. It also found the buyer and arranged the $47.75M acquisition financing. JLL represented the borrower to secure the loan through Freddie Mac Multifamily.
“We are very pleased to add the well-maintained and well-located 3Eleven to our growing portfolio of multifamily investments in Chicago,” Vista Property principal Hymie Mishan said in a press release. “We are big believers in Chicago’s multifamily market, its continued rent growth and strong demand.”The John Buck Co. completed the… Read the full story here. |