Berkshire Group Lands 292-Unit Chicago Tower
- Jul 06, 2016
Chicago—The Berkshire Group has acquired Eight O Five N. LaSalle—a 32-story, 292-unit multifamily tower in Chicago’s buzzing River North district—from Smithfield Properties. Financial terms of the transaction have not been disclosed.
The Berkelhamer Architects-designed tower features penthouse, studio, one- and two-bedroom units ranging from 538 to 1,350 square feet, according to data collected by Yardi Matrix. The building includes 4,000 square feet of retail space, 108 parking spaces and is conveniently located near train and bus lines. Amenities include a rooftop terrace with a swimming pool and green roof, fitness center, clubhouse, high-speed internet, private balconies and terraces and floor-to-ceiling windows.
“It is not always easy to find a property with the quality and amenities of Eight O Five in such a desirable location,” Jack Dent, managing director & portfolio manager with the Berkshire Group, said in a statement. “Demand in the River North area and the superior appointments of the property are ultimately why Eight O Five fits so well into our core investment strategy.”
Image courtesy of Yardi Matrix