CHICAGO-An associate of Dallas-based L&B Realty Advisors LLP has paid over $90 million for a high-rise in River North. The company has purchased the 25-story, 304-unit property at 77 W. Huron St. from Englewood, Colorado-based Archstone.
The sales price breaks down to roughly $296,000 per unit. The River North apartment is in transition. Archstone leased the property to Los Angeles-based Oakwood Worldwide, which closed its lease on July 1. Now the property is turning back into a rental building. For the full story, go to Crain's Chicago Business .
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