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The Real Deal Nuveen Real Estate has paid $103 million, or $306,547/unit, for Oaks of Vernon Hills, a 336-unit apartment property in Vernon Hills, Ill. The investment manager purchased the property from a venture of Azure Partners and Harbor Group ...
Crain's Chicago Business Axial Real Estate Advisors is offering for sale the 189,686-square-foot office property at 75 North Fairway Drive in Vernon Hills, Ill. The Minnetonka, Minn., investment firm hired the Boulder Group to market the property, which has an ...
Atworth at Mellody Farm is 93 percent leased.
The property is encumbered by a $13.8 million mortgage held by Parkway Bank and Trust of Harwood Heights, Ill., that pays a coupon of 3.69 percent and matures in May 2024. It is 96 percent leased.
The buyer assumed a $21.6 million mortgage that was provided by Wells Fargo last year.
Undisclosed Price but it appears likely that RREEF paid $50-$60/sf (between $12.5 Mln and $15 Mln).
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