CHICAGO-A Dallas-based L&B Realty Advisors LLP affiliate has agreed to purchase the Parc Huron, an apartment tower consisting of 221 units at 469 W. Huron St. in River North, from Thomas Moran and Tony Rossi, local developers, and J. P. Morgan Asset Management for $110 million. The Texas pension fund adviser will pay about $498,000 per unit for the multifamily property.
The Parc Huron, developed in 2010, is 98% occupied. An executive from Chicago-based Moran & Co. has been hired to market the property. For the full story, go to Crain's Chicago Business .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
