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298-Unit Apartment Community in Chicago’s Printers Row Acquired
Chicago-based Draper and Kramer, Inc., along with equity partner Intercontinental Real Estate Corp., expanded its Chicago-area portfolio with the acquisition of Burnham Pointe, a 28-story, 298-unit rental building in Chicago’s Printers Row neighborhood. The off-market transaction with seller Crescent Heights was brokered by the Chicago office of HFF.
Draper and Kramer’s Blas Puzon says, “With its location in the heart of Printers Row, which continues to be a vibrant, sought-after area thanks to its eclectic, urban vibe, proximity to downtown employers, and strong renter demographics, Burnham Pointe presented an ideal investment opportunity to expand our Chicago portfolio.”
Located at 730 S. Clark St., the 2008-built property includes a mix of large one- and two-bedroom units, as well as 14,391 square feet of ground-level retail and restaurant space. The 96%-occupied property offers residents a walkable lifestyle near shopping and dining options, the financial district, the Loop, South Loop, Grant Park, Millennium Park, as well as multiple transit stations.
HFF’s team included Sean Fogarty, Marty O’Connell, Wick Kirby and Kevin Girard.
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- ◦Sale/Acquisition


