ARLINGTON HEIGHTS, IL-John Hancock Realty Advisors Inc. is paying $87 million for Avalon Arlington Heights, a 409-unit apartment community in downtown Arlington Heights. The company has agreed to purchase the apartment complex from Washington-based AvalonBay Communities Inc.
It is the second biggest apartment sale in Arlington Heights this spring. The property sits on a 2.6-acre site at 200 N. Arlington Heights Road and it comprises a 7-story building and an 11-story building. Chicago-based Moran & Co. is marketing the property. For the full story, go to Crain's Chicago Business .
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