Sales

Jones Lang LaSalle Incorporated : Suburban multi-housing community near Chicago trades |

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CHICAGO – Oct. 7, 2021 –JLL Capital Markets announced today that it has closed the sale of Brook Run Apartments and Townhomes (“Brook Run”), a 182-unit, garden-style multi-housing community in the Chicago suburb of Arlington Heights, Illinois.

JLL marketed the property on behalf of the seller, Laramar Group. Redwood Capital Group acquired the asset.

Brook Run comprises one-, two- and three-bedroom units averaging 936 square feet. Units offer stainless steel appliances, balcony/patios, dishwasher and in-unit washer and dryer. The community features a clubhouse, swimming pool, patio area with fireplace, barbeque station and fitness center.

Located at 2734 North Buffalo Grove Rd., Brook Run is near several significant employment corridors with easy access to a wealth of Fortune 500 company headquarters, office and industrial parks, entertainment centers, medical facilities, hotels and retail. The property is in Arlington Heights, a charming suburban community situated 25 miles northwest of downtown Chicago. Located less than 10 minutes from Brook Run, downtown Arlington Heights offers a walkable destination filled with a great variety of quaint boutique shops, national retailers and upscale dining options. Residents can shop, dine and play at Arlington Alfresco, get in a workout at The Barre Code, grab a slice at Armand’s Pizzeria, a pint at Peggy Kinnane’s Irish Pub and some culture at Arlington Heights Memorial Library as well as Arlington Heights Historical Museum.

The JLL Capital Markets Investment Sales Advisory team representing the seller was led by Senior Director Kevin Girard, Senior Managing Director Marty O’Connell and Associate Zach Kaufman.

“This was an unbelievable opportunity for JLL to work alongside two local Chicago firms on a highly successful transaction,” said Girard.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients – whether investment and sales advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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