Artist Rendering of SoNo East

    CHICAGO – HFF represented a partnership that included developer Smithfield Properties LLC  in last week’s sale of SoNo East, an approximately 265,000 square foot 22-story multi-housing tower in the Lincoln Park neighborhood. 

   Prudential Real Estate Investors purchased the property for a price that was not disclosed.
   In the summer of 2011 when the building was still under construction, HFF began marketing the property on behalf of a partnership that included developer Smithfield Properties and Furniture LLC.  PREI agreed to purchase SoNO East when it was completed. The closing took place during the last week of December 2012.
   SoNo East is located at 840 West Blackhawk St. and consists of 324 luxury multi-housing units and a 204 stall parking garage. There is also 3,990 square feet of ground floor retail on the site as well.
   The HFF team representing the seller was led by director Daniel Kaufman, executive managing director Matthew Lawton, and managing director Sean Fogarty.
   SoNo East features nine-foot ceilings and floor-to-ceiling windows.  Building amenities include a fitness center, a stainless steel swimming pool, hot tub, sundeck, fire pit, billiards room, cafe/lounge and great room. The property is near the new Whole Foods flagship store, the CTA Red Line Station at North & Clybourn, and retail and entertainment attractions.
   Kaufman tells GlobeSt. com that the property is situated in an excellent location. 
   “SoNo East is the first high-rise multi-housing tower built in Lincoln Park since 1988,” Kaufman says.  “With its unique high-end finishes, best-in-class amenity package and desirable location at the hub of the Clybourn Avenue retail corridor, SoNo East will be Lincoln Park’s dominant residential address for many years to come.”
   Smithfield Properties is a privately owned Chicago-based real estate development company. Its recent projects include SoNo West, 30 West Oak, and Joffrey Tower.
  Madison, N.J.-based  PREI is a global real estate investment manager, offering investment vehicles in private and public market opportunities in the United States, Europe, the Middle East, Asia, Australia, and Latin America.