CHICAGO-Freddie Mac has financed $49.4 million to a joint venture for the purchase of a 278-unit apartment tower situated at 1401 S. State Street in the South Loop. The joint venture headed by Marquette Cos. based in Naperville acquired the 22-floor multifamily complex for a price of $69.6 million.
Marquette joined forces with the Hunt Cos. based in El Paso, Texas, and American Realty Advisors based in Glendale, California, to buy the apartment tower. For the full story, go to Crain's Chicago Business .
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