Printer-friendly version CHICAGO, IL - September 2, 2014 – HFF announced today that it has closed the sale of and arranged financing for Hunter’s Glen, a 320-unit, Class A, garden-style multi-housing community in Aurora, Illinois.
HFF marketed the property on behalf of the seller, Levin Realty Advisors. L3C Partners, LLC purchased the offering free and clear of existing debt. HFF also secured a seven-year, 3.64 percent acquisition loan on behalf of the buyer through M&T Realty Capital Corporation.
Hunter’s Glen is located at 245 North Oakhurst Drive near the intersection of New York Street and Eola Road and within 10 minutes of two Metra stations with direct routes into Chicago’s central business district. Situated on approximately 16 acres, the property includes one- and two-bedroom floor plans averaging 886 square feet each. Community amenities include a heated resort-style swimming pool and sundeck, sauna/spa, fitness center, tennis court, sand volleyball courts, clubhouse and children’s playroom.
The HFF investment sales team representing the seller was led by managing directors Sean Fogarty and Marty O’Connell, associate director Wick Kirby and executive managing director Matthew Lawton.
HFF’s debt placement team was led by managing director Matthew Schoenfeldt and associate director Jason Bond.
Levin Realty Advisors, LLC (LRA) is a real estate investment firm formed in October 2004 to provide national multifamily acquisition and asset management services. Levin Realty Advisors is headquartered in Chicago. www.levinrealtyadvisors.com.
L3C Capital Partners LLC is a New York-based real estate investment company that serves as the general partner of real estate investments in quality multifamily apartment communities across the United States. The company and its affiliated entities have completed more than $300 million of transactions since its inception in 2009.
M&T Realty Capital Corporation is a wholly-owned commercial mortgage-banking subsidiary of Manufacturers and Traders Bank, better known as M&T Bank Corporation. M&T Bank (NYSE: MTB), founded in Buffalo, NY in 1856, is one of the 20 largest U.S.-headquartered commercial bank holding companies, with current assets of $83.2 billion and more than 725 branches throughout New York, Maryland, Pennsylvania, Washington, D.C., Virginia, West Virginia, New Jersey, Florida, Delaware and Toronto, Canada.
HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter at twitter.com/hff.