HFF has announced that it has been named to market for sale River North Park, a 399-unit, mixed-use property in downtown Chicago’s River North neighborhood.
HFF is marketing the property on behalf of the seller, Waterton Associates.
River North Park is located at 320 W. Illinois St. near the Merchandise Mart, State Street and North Michigan Avenue employers, and Chicago’s central business district. The 24-story property has studio, one- and two-bedroom units as well as courtyard townhome units in all averaging 694 square feet, 29,982 square feet of ground floor retail and a 216-space enclosed parking garage. Community amenities include a fitness center, indoor pool, sundeck with gas grills, large central courtyard and Internet café. The community is well-positioned for future apartment renovations as well as common area upgrades.
The HFF investment sales team representing Waterton Associates is led by Executive Managing Director Matthew Lawton and Managing Directors Sean Fogarty and Marty O’Connell.
