MULTI-HOUSING NEWS: Luxury Chicago Tower Trades for $83M
CHICAGO, IL – 3L Real Estate, a real estate and development firm, has acquired Astoria Tower, a 30-story, 248-unit luxury multifamily tower in Chicago’s South Loop from Crescent Heights for $82.5 million. The price per unit was $332,661.
Interra Realty, a commercial real estate investment services firm, brokered the deal. Senior Managing Partner Brad Feldman represented the buyer.
Read more at: Multi-Housing News
See articles on this deal below:
RE Journals: Interra Realty Brokers $82.5 Million Sale of 248-Unit High Rise in Chicago’s South Loop
RE Business Online: Interra Realty Brokers $82.5M Sale of Luxury Apartment Tower in Chicago’s South Loop
ConnectCRE: Interra Brokers South Loop Sale for Crescent Heights