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Chicago & Midwest  + Greater Chicagoland  + Apartments  |  September 29, 2021
246 Green Bay Road apartments Highwood IL
Paul Bubny
By: Paul Bubny

Interra Brokers Mixed-Use Sale in Highwood

Interra Realty brokered the $11.29-million sale of 246 Green Bay Rd., a new mixed-use development with 31 luxury apartments and two retail spaces in Highwood, Ill., 30 miles north of Chicago. The price per unit was $342,424. 

Managing partner Craig Martin represented both the buyer, HP Ventures Group, and seller, Benchmark Developers. Based in Chicago, HP develops and purchases newer apartment and townhouse projects, targeting renters who want high-quality units while enjoying the flexibility and relative affordability of renting. Rolling Meadows, IL-based Benchmark built 246 Green Bay in 2021. 

“Highwood’s downtown has lots of dining and retail options but previously had no luxury apartment options,” said Martin. “246 Green Bay fills that need, offering large floor plans and upscale finishes in proximity to shops, restaurants and entertainment venues in Highwood and throughout the North Shore. The nearby Metra station also provides easy access to downtown Chicago.” 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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