CHICAGO-A multifamily property in the South Loop has reached sales block. A venture that includes Dallas-based Lincoln Property Co. and Sam Zell's Equity Residential has tapped Holliday Fenoglio Fowler LP to sell the 278-unit apartment tower at 1401 S. State St.
An asking price was not specified, but the 22-story tower could fetch $89 million, or approximately $320,000 per unit. The property, which comprises studio, single- and double-bedroom apartments, is nearly 95% occupied. For the full story, go to Crain's Chicago Business .
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