Trilogy Real Estate Group of Chicago has purchased Optima Old Orchard Woods, a 142-unit, Class A multifamily development in Skokie, Illinois, for $44 million.
The firm plans to make minor renovations to maintain the units as Class A rentals, which were originally developed as condominiums in 2008 by Optima, Inc. of Glencoe, Illinois.
Optima Old Orchard Woods offers one-, two- and three-bedroom floor plans. Unit amenities include floor-to-ceiling vistas, private balconies or terraces, washer and dryer units and fully equipped kitchens. Gas fireplaces are available in select units. Community amenities include heated indoor parking, a sky garden, a large party room with a catering kitchen, a courtyard with reflecting pool and fountain, a resort-style indoor swimming pool with spa, a fitness center and tennis courts.
Located at 9725 Woods Dr. adjacent to the Edens Expressway, the property is near Westfield Old Orchard Mall and less than five miles from Northwestern University. Optima Old Orchard is also adjacent to the Harms Woods Forest Preserve.
Berkadia Senior Director of Investment Sales, Ralph DePasquale of the Chicago office, completed the sale.