Eastham Capital and Bender Cos. Has teamed up to acquire a shared apartment with 550 units in Hoffman Estates for $ 75.8 million.
Hoffman Hills Apartments, formerly Haven Hoffman Estates
The shared apartment in 725 W. Bode Circle is currently 96% occupied, and the acquisition includes a renovation budget of USD 6.5 million. Eastham Capital received a majority participation in the deal via its current fund, Eastham Capital Fund VI, while Bender Cos. Daily management will monitor.
“This deal is our ninth and greatest acquisition with Bender company,” said Matthew Rosenthal, founder and managing director of Eastham Capital, in a press release. “Bender consistently exceeds his projections and we are enthusiastic about working with them again.”
Haven Hoffman Estates is renamed the Property Upgrade program in Hoffman Hills Apartments.
PEOPLE
Project management consultant hired Trina Sandschaffer as the new vice president and managing director of the company in Chicago. She joins PMA after earlier stints at Kahler Slater and Booth Hansen.
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The unusual capital group appointed Danny Dlugie as Vice President in order to strengthen the company's know -how in the procurement and evaluation of the possibilities for its private investor community. Dlugie comes too unusual from GCM Grosvenor, where he collected private offers and made investments for the asset manager of USD 80 billion.
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Nai Hiffman appointed Paul Grucki as managing director, head of consulting services. Grucki will be located in Hiffman's headquarters in Oakbrook Terrace and lead the company's consulting services.
Sales
With the kind permission of Interra Realty.
Liberty Square Flats
An unknown local investor bought the 18-units Liberty Square apartments in Wheaton for $ 8.4 million. The building on 302 W. Liberty Drive was built in 2024. Nathan Zito from Interra Realty, Patrick Kennelly and Paul Waterloo, both represented parties in the deal.
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An unknown buyer collected the 44 units of court apartments in Lorraine in 1110-1140 S. Lorraine Road in Wheaton for around $ 7 million. Nathan Zito from Interra Realty, Patrick Kennelly and Paul Waterloo, also represented both parties in the deal.
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Westmount Realty Capital acquired a portfolio of nine light industrial properties in the entire Metro region of Chicago at a prize. The portfolio, which exists over 390,000 SF of industrial assets, is 91% rented to 37 tenants. The tenants comprise 28 industries, including office, medical and automotive suppliers as well as house restoring.
Lease
Evanston Labs
Cyclopure rented around 18,000 SF laboratory square on the third floor in Evanston Labs from Trammell Crow Co. The company will operate its headquarters and water treatment business from the building in the 710 Clark St. in Evanston. Jonathan Metzl from Cushman & Wakefield represented cyclopure in his rental agreement, while Dan Lyne and Brandon Green from CBRE TCC represented.
Construction and development
Skender has completed the construction of the interior of the 19K SF material Discovery Research Institute for UL Research Institute. The new laboratory is located in Illinois Science + Technology Park, a research and development community of the 8045 Lamon Ave. In Skokie.
FINANCING
Habitat Refined Columbus Plaza, a 47-story high-rise in downtown Chicago. Habitat and his partners secured a new Freddie Mac loan of $ 72.9 million, which was arranged by Northmarq plus new equity of Torchlight Investors, which is followed as a stock partner in the property at 233 E. Wacker Drive Habitat. Refinancing replaces a loan of $ 93 million from 2017, which matured in November.
That and that
Mesirow started his single asset, single-borter platform and completed two transactions in 2024. The SASB platform from Mesirow is aimed at transactions from $ 50. It was developed to satisfy the developing needs of sponsors in the challenging environment for debt capital markets, the company said in a press release.