CUSHMAN & WAKEFIELD AWARDED DISPOSITION OF 628 UNIT MULTIFAMILY PROPERTY LOCATED IN MERRILLVILLE, IN
CHICAGO, IL – April 19, 2013 – (RealEstateRama) — Cushman & Wakefield of Illinois, Inc. (C&W) announces it has been awarded the exclusive marketing assignment for the sale of Summer Wood Apartment Homes, a 628 unit property located at 8300 Polo Club Drive, Merrillville, IN, by LCOR, Inc. based in Berwyn, PA. Bill Montana and Chris Sackley, multifamily specialists in C&W’s Midwest Capital Markets Group, will lead the marketing effort on behalf of LCOR.
Summer Wood offers investors a tremendous value add opportunity, as well as immediate scale in the Northwest Indiana apartment market. Located only forty miles from the Chicago CBD, the Merrillville offering will have broad appeal to investors looking for a high yielding investment.
Built in 1995, the property offers excellent access and visibility from Route 30, a mix of one, two and three bedroom apartment homes with in-unit washer and dryers, individual metered heat and an average unit size of 990 square feet.
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LCOR, Inc. is a leading real estate investment, management and development company with over 7,500 multifamily units and 7.7 million square feet of commercial space under management.
Cushman & Wakefield is the world’s largest privately-held commercial real estate services firm. The company advises and represents clients on all aspects of property occupancy and investment, and has established a preeminent position in the world’s major markets, as evidenced by its frequent involvement in many of the most significant property leases, sales and assignments. Founded in 1917, it has 253offices in 60 countries and more than 14,000 employees. It offers a complete range of services for all property types, fully-integrated on a global basis, including leasing, sales and acquisitions, debt and equity financing, investment banking, corporate services, property management, facilities management, project management, consulting and appraisal. The firm has more than $4 billion in assets under management through its wholly-owned subsidiary, Cushman & Wakefield Investors. A recognized leader in local and global real estate research, the firm publishes its market information and studies online at www.cushmanwakefield.com/knowledge.
Contact:
Patti Corbitt
Brokerage Coordinator
Capital Markets
O +1 (312) 470 1800
T +1 (312) 470 3838
D 34-3838
