HFF has been named to market for sale 1401 S. State St., a class A, 22-story, urban loft high-rise in Chicago. HFF is marketing the property on behalf of the seller, Lincoln Property Co. The property is offered on an all cash basis.
The property is located two blocks south of the Roosevelt Road retail corridor in downtown Chicago’s South Loop neighborhood close to all transportation options including the CTA station at Roosevelt Road and the Metra South Shore Line trains at Museum Station as well as Interstates 90, 94, 55 and 290, and Lake Shore Drive.
Completed in 2008, the property has 278 studio, one- and two-bedroom apartment homes averaging 850 square feet each, 2,488 square feet of ground floor retail space and 195 parking garage spaces. Community amenities include a fitness center, sky garden with fire pit and barbeque grills, wireless cyber café, business center, bicycle storage, dog run with bathing station and a private resident park.
The HFF investment sales team representing Lincoln Property Co. is led by Executive Managing Director Matthew Lawton and managing directors Sean Fogarty and Marty O’Connell.
