REBusinessOnline

Sinatra & Co., Stadt Group Purchase Metro Chicago Apartment Property for $25M

WOODRIDGE, ILL. — Sinatra & Company Real Estate and Stadt Group have acquired a 304-unit apartment complex in Woodridge, approximately 30 miles southwest of Chicago, for $25 million. Timber Creek Apartments was built in 1974 and is located on 32.5 acres at 3421 Foxboro Drive. The buyers plan to replace the management and leasing platform and upgrade the amenities and units. The complex is comprised of six two-story buildings. Amenities at Timber Creek Apartments include a fitness center, swimming pool, sundeck, volleyball court, laundry rooms, tennis court and 3,000-square-foot clubhouse. The buyers plan to add a car care station and dog park. The seller in the transaction was undisclosed. The Pritzker/Vlock Family Office is financially backing the transaction.

Content Partners
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