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Kiser Brokers Sale of River North Condos
Kiser Group recently brokered the sale of 1140 N. LaSalle Dr., a 250-unit condominium property in River North, for $38 million. The Flats on LaSalle Condominium Association agreed to a bulk sale of all 250 units. The buyer, ESG Kullen, acquired the property as a deconversion and will turn all of the units to apartments.
The deal was brokered by Kiser Group’s Lee Kiser, Michael D’Agostino and Jake Parker. Kiser Group also introduced equity broker Alpha Capital to ESG Kullen, resulting in Harrison Street Capital becoming a partner in the deal.
The 250-unit, eight-story building was originally built in 1924 as a luxury hotel. It later converted to apartments and then in 2006 to condos.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition

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