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Chicago & Midwest  + Greater Chicagoland  + Apartments  | 
MZ Capital Partners has sold Vantage Naperville apartments to New York-based 601W Companies

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. 


Inside The Story

MZ Capital Partners

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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 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).

  • ◦Sale/Acquisition
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