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Arlington Heights Apartments Trade from One Local Owner to Another
JLL Capital Markets closed the sale of Brook Run Apartments and Townhomes, a 182-unit, garden-style apartment community in the northwest suburb of Arlington Heights, IL. The firm marketed the property on behalf of the seller, Laramar Group. Redwood Capital Group acquired the asset for an undisclosed sum.
The JLL Capital Markets investment sales advisory team representing the seller was led by senior director Kevin Girard, senior managing director Marty O’Connell and associate Zach Kaufman.
“This was an unbelievable opportunity for JLL to work alongside two local Chicago firms on a highly successful transaction,” said Girard.
Brook Run comprises one-, two- and three-bedroom units averaging 936 square feet. Units offer stainless steel appliances, balcony/patios, dishwasher and in-unit washer and dryer. The community features a clubhouse, swimming pool, patio area with fireplace, barbeque station and fitness center.
- ◦Sale/Acquisition


