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C&W BROKERS $16.2M SALE OF APARTMENT COMPLEX IN MOUNT PROSPECT, ILL.

MOUNT PROSPECT, ILL. — Cushman & Wakefield has brokered the $16.2 million sale of Timberlake Apartments, a 222-unit property located at 1450 Busse Road in Mount Prospect, approximately 24 miles northwest of Chicago. The value-add property consists of 16 buildings on a 12.8-acre campus with a rentable area of 169,538 square feet. Timberlake was 97 percent occupied at the time of sale and consists of a unit mix of one- and two-bedroom apartments. Bill Montana and Chris Sackley of Cushman & Wakefield represented the seller, a private partnership. An out-of-state investor seeking to increase its presence in suburban Chicago purchased the property.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

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