CHICAGO-Prudential Real Estate Investors LLC has agreed to purchase Sono East, a 324-unit apartment building being built at 840 W. Blackhawk Street in Lincoln Park. The company is buying the 22-floor apartment tower from a venture comprising retail broker Stanley Nitzberg, Crate & Barrel founder Gordon Segal and developer Bill Smith.
Sono East, which will be completed in June 2012, could fetch roughly $110 million to $115 million. The building is the second tower in a residential complex launched by Smithfield Properties. For the full story, go to Crain's Chicago Business .
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