HENDRICKS & PARTNERS COMPLETES $66 MILLION MULTIFAMILY SALE
HOFFMAN ESTATES, ILL. — The Chicago office of Hendricks & Partners has completed the sale of Park Place, a 642-unit multifamily community located at 845-875 Pacific Ave. in Hoffman Estates, for $66 million. The community is situated on 64 acres and comprises 33 three-story buildings. Community amenities include a lap and leisure pool, a Jacuzzi, a sundeck, laundry facilities, a tennis court and a clubhouse. Ralph dePasquale and Bill Montana of Hendricks represented the seller, Barrington, Ill.-based Park Place Apartments LLC, as well as the buyer, Boston-based BVF II Park Place.