HFF to Market 428-unit Illinois Apartment Community
- May 24, 2010
Schaumburg, Ill.—The Chicago office of HFF (Holliday Fenoglio Fowler LP) has been named to market The Lakes of Schaumburg, a 428-unit community in Schaumburg, Ill.
HFF managing directors Marty O’Connell and Sean Fogarty and executive managing director Matthew Lawton will lead the investment sales team on behalf of its client, Cornerstone Real Estate Advisers LLC. The property is listed without a formal asking price free and is clear of existing debt.
The Lakes of Schaumburg is located at 801 Belinder Lane near Interstates 90 and 290, O’Hare International Airport and two Metra commuter rail lines in Schaumburg, a northwest Chicago. The property offers one- and two-bedroom units, averaging 800 square feet each. Current occupancy is over 95 percent.
The community features two clubhouses that include a business center, coffee/tea bar, fitness center and weight room, as well as two outdoor swimming pools, two sand playgrounds, landscaping with three fountain ponds and a jogging/bike trail.