Illinois

CHICAGO — The Laramar Group has acquired Eleven Thirty, a 656-unit apartment tower located at 1130 S. Michigan Ave. in Chicago. The purchase price was $166 million, according to local media reports. Originally constructed in 1967, the property rises 43 stories and provides unobstructed views of Grant Park and Lake Michigan. Amenities include a 75-foot pool, 24-hour concierge, fitness center, conference rooms, an outdoor dog park, dedicated parking garage and 12,053 square feet of fully leased, ground-floor retail space. The building offers studio, one- and two-bedroom units. Planned improvements include expanding and updating the exercise facility; adding remote working office stations and new entertainment space; and enhancing the common areas and lobby. Stacy Osmond and Sydney Matrisciano of DLA Piper LLP led Laramar Group’s legal team.

CHICAGO — Marcus & Millichap has brokered the $15.2 million sale of a 30-unit apartment building located at 3905 N. Western Ave. in Chicago’s North Center neighborhood. The property also features four retail suites. Built in 2009, the asset totals 57,000 square feet and features a mix of two- and three-bedroom units. Kyle Stengle and Steve Rachman of Marcus & Millichap represented the undisclosed seller.

ST. CHARLES, ILL. — Eastham Capital and Bender Cos. have acquired Fox Run Apartments, a 220-unit community in the western Chicago suburb of St. Charles. To date, Eastham and Bender have co-invested in 14 projects. The companies say that Fox Run Apartments presents a compelling value-add opportunity. Monthly rents at the property average $1,703. Following recent capital improvements, the business plan calls for additional upgrades across more than 80 units, including in-unit laundry and flooring updates, along with enhancements to the exterior, amenities, parking areas, landscaping, signage and security systems. Bender will also focus on strengthening leasing operations and elevating the resident experience. Originally constructed in 1973, the property includes four buildings with a mix of one-, two- and three-bedroom floor plans ranging from 650 to 1,430 square feet. Amenities include a clubhouse, fitness center, outdoor pool, grilling areas, package lockers, laundry facilities and off-street parking.