Prudential Closes on 22-Story Chicago Apartment Purchase

CHICAGO—Prudential Real Estate Investors has finalized its purchase of 840 West Blackhawk Street, a 22-story apartment tower here in the Lincoln Park neighborhood.

Smithfield Properties developed the tower, and hired HFF to sell the property. Prudential reportedly agreed in summer 2011 to purchase the newly built tower for more than $110 million. The building consists of 324 multi-housing units, 3,990 sq. ft. of ground floor retail and a 204-stall parking garage. The property features 9-foot ceilings and floor-to-ceiling windows. Community amenities include a fitness center, a stainless steel swimming pool, hot tub, sundeck, fire pit, billiards room, café/lounge and great room.

The HFF investment sales team representing the seller was led by director Daniel Kaufman, executive managing director Matthew Lawton and managing director Sean Fogarty. “SoNo East is the first high-rise multi-housing tower built in Lincoln Park since 1988,” said Kaufman in a statement.

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