CHICAGO-Henderson Global Investors Inc. is purchasing Dunton Tower, a 216-unit apartment building at 55 S. Vail Ave. in Arlington Heights, for about $40 million. The multinational investor is taking the multifamily property from Madison, Wisconsin-based Oakbrook Corp.
Dunton Tower, developed in 1986, was 92.6% occupied in Q4. Chicago-based Henderson acquired the 296-unit Fordham Glen complex in west suburban Glendale Heights for $34.5 million in November. The company is the US subsidiary of a London-based global investment firm. For the full story, go to Crain's Chicago Business .
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