MZ Capital Partners has announced the sale of the Vantage Naperville Apartments in Naperville. Vantage is located at 1350 E. Ogden in Naperville and is a 100% leased 112-unit, full amenity apartment community. The sale price was $24,000,000, and the purchaser was an affiliate of New York based iconic property owner 601W Companies.
Other Chicago area properties owned by 601W include the Old Post Office redevelopment and Aon Center.
The award-winning new construction development, which reached full occupancy in a record setting 90 days, sold approximately one year after receiving its building completion Certificate of Occupancy.
Situated at the gateway to the revitalized Ogden Area Corridor, the Vantage offers bright studio and one-bedroom convertible apartments with nine-foot ceilings, in-home full-size washers/dryers, and stainless-steel appliances. Featuring private work from home office suites, 24/7 smart package delivery and pickup, high speed fiber optic internet connection, and balconies in select units, the Vantage represents high end urban style living in an attractive suburban setting.
The transaction was brokered by JLL Capital Markets in Chicago.
