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Chicago & Midwest  + Illinois  + Apartments  | 

Historic Chicago-Area Adaptive Reuse MXU Sold

Fifth Avenue Station, a mixed-use property consisting of 118 loft-style apartments and 94,422 square feet of commercial space in Naperville, IL, has traded hands. San Francisco-based Friedkin Realty Group, Inc. and Bridge Capital Partners, Inc. acquired the property located roughly 30 miles west of Chicago, for an undisclosed amount from 5thAvenue Station LLC.

Constructed in 1918, the building is a former Kroehler Furniture factory, which is now listed on the National Registry of Historic Places. It underwent an adaptive reuse renovation from 1986 to 1988, including extensive interior and exterior work. Both the apartment homes and office component are near 100% occupied.

The property is near Naperville’s Metra station and vibrant downtown, and it offers amenities such as a grand community room, a fitness center and a rooftop deck with grilling stations.

CBRE’s Dan Cohen and John Jager represented the seller.

For comments, questions or concerns, please contact Dennis Kaiser

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Connect With CBRE’s CohenConnect With Friedkin Realty Group, Inc.Connect With Bridge Capital Partners, Inc.

About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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