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Largest deal to ever trade in suburban Chicago illustrates continued investor interest in Midwest apartments – REJournals

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 Largest deal to ever trade in suburban Chicago illustrates continued investor interest in Midwest apartments – REJournals

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JLL Capital Markets closed the sale of Ellyn Crossing, a 1,155-unit garden-style workforce housing apartment community located in Glendale Heights, Illinois, marking the largest deal to ever trade in a Chicago suburb. JLL represented the seller, Rockwell Property Co., in facilitating the sale to Turner Impact Capital, a leading real estate investment firm dedicated to social impact. Spanning 31 buildings across 45 acres, Ellyn Crossing currently consists of 678 unrenovated homes, 80 partially renovated homes and 397 renovated homes.

Unrenovated units feature laminate countertops, white appliances and light brown cabinets, and renovated homes offer laminate countertops, wood-style plank flooring, designer tile backsplash, ceiling fans and black appliances. Community amenities include a fitness center, resident clubhouse, resort-style swimming pool, laundry rooms, park, a tennis court and business center. Located at 440 Gregory Ave., the location of the community allows residents to have easy access to top employers, offering convenient drive times to both the Golden Corridor in Schaumburg and the Industrial Superhighway along I-88.

The property is also just 11 miles northeast of the Elk Grove Village Business Park and proximate to eight hospitals. Ellyn Crossing provides easy accessibility to major highways and the Chicago Loop and is close to both DuPage Airport and O’Hare International Airport. The JLL Capital Markets Sales and Advisory team was led by Senior Director Kevin Girard and Senior Managing Director Marty O’Connell.

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