High-rise commercial buildings

Sub Markets

Property Sectors

Topics

Chicago & Midwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New call-to-action
Chicago & Midwest  + North Side  + Finance  | 

HFF Lines Up JV Equity for Fifield’s Logan Square Apartments

HFF’s Danny Kaufman and Mary Dooley have arranged joint venture equity financing for the development of Logan’s Crossing, a 220-unit, two-building mid-rise apartment building in Logan Square. The HFF team arranged the joint venture equity partnership between the developer, Fifield Companies, and an institutional investor.

Terms of the deal were not disclosed. The land seller, Terraco Real Estate, remains in the deal as a co-developer.

Logan’s Crossing is being developed on the site of the former Megamall at the southwest corner of North Milwaukee and North Sacramento avenues. Due for completion in the fourth quarter of 2019, the property will total five and six stories of combined residential and retail space.

The residential component will be situated above approximately 62,000 square feet of retail space anchored by a Neighborhood Target store. The Target will be one of the retailer’s small-format locations and will total about 27,000 square feet.


Get Chicago News in 150 Words

For comments, questions or concerns, please contact Paul Bubny

Connect

Inside The Story

Connect With HFF's KaufmanConnect With Fifield

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).

  • ◦Financing
  • ◦Development
New call-to-action
New call-to-action
New call-to-action