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Developer MZ Capital Partners Trades Naperville Apartments to 601W
MZ Capital Partners, developer of the Vantage Naperville Apartments at 1350 E Ogden in Naperville,, IL, has completed the sale of the 100% leased, 112-unit apartment community. The sales price was $24,000,000 and the purchaser was an affiliate of New York-based 601W Companies, owner of the redeveloped Old Post Office in downtown Chicago.
The ground-up new construction development, which reached full occupancy in 90 days, sold approximately one year after receiving its building completion certificate of occupancy. The transaction was brokered by JLL Capital Markets in Chicago.
Situated at the gateway to the revitalized Ogden Area Corridor, the Vantage offers studio and one-bedroom convertible apartments with 9-foot ceilings, in-home full-size washers/dryers, and stainless-steel appliances. It also features private work-from-home office suites, 24/7 smart package delivery and pickup, high-speed fiber optic internet connection, and balconies in select units.
- ◦Sale/Acquisition


