CHICAGO – HFF announced today that it has closed the sale of The Belden-Stratford, a 297-unit, luxury multi-housing community in Chicago’s Lincoln Park neighborhood.
HFF marketed the property on behalf of the seller.
The Belden-Stratford is one of the premier apartment properties in Chicago and is located at 2300 Lincoln Park West, a few blocks from Lake Shore Drive and Lake Michigan, and across the street from Lincoln Park, which contains the Lincoln Park Zoo, Lincoln Park Conservatory and numerous other cultural and recreational sites. Additionally, the community is near the CTA Red/Brown/Purple Fullerton train stop. Originally built in 1923 in a Beaux Arts style décor, the property features studio, one- and two-bedroom units averaging 636 square feet each. The 15-story property offers residents a fitness center, rooftop sundeck with views of Lake Michigan and downtown Chicago, full-service dry cleaner and valet parking. The Belden-Stratford also has 19,223 square feet of retail space occupied by several tenants including popular restaurants Mon Ami Gabi and L20.
The HFF investment sales team representing the seller was led by managing director Sean Fogarty along with executive managing director Matthew Lawton and managing director Marty O’Connell.
HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit www.hfflp.com or follow HFF on Twitter at www.twitter.com/hff.