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Chicago & Midwest  + Chicago + Greater Chicagoland  + Apartments  |  June 16, 2023
Jasmine Kilman
By: Jasmine Kilman

CBRE Arranges Sale of 586-Unit MF in Arlington Heights

CBRE has arranged the sale of Stonebridge of Arlington Heights, a 586-unit multifamily property in Arlington Heights, Illinois. Bayshore Properties purchased the property from The Connor Group for an undisclosed amount.

CBRE’s Steve LaMotte, Jr., John Jaeger, Dane Wilson, Justin Puppi and Ross Wettersten represented the seller in the transaction. “This property provides a number of value-add opportunities to new ownership, which was a major factor that ultimately contributed to this sale,” said Jaeger. “Stonebridge is also located in a fantastic suburb of Chicago and is surrounded by a number of restaurants, entertainment and retail venues including Annex of Arlington mall and Park Place shopping center.”

Stonebridge is located at 650 W. Rand Road, near Interstates 294, 90 and 290. The property offers a mix of one- and two-bedroom floor plans averaging 1,075 square feet with indoor and outdoor amenities.

Read More News Stories About: CBRE
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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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