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Chicago & Midwest  + Greater Chicagoland  + Apartments  | 
828 Noyes St. Evanston IL

Interra Brokers $17M Deal for Mixed-Use Near Northwestern U.

Interra Realty brokered the $17.1-million sale of 828 Lofts, a mixed-use development with 44 apartments and one street-level retail space at 828 Noyes St. In Evanston, IL, near Northwestern University. The price per unit was $386,636. 

Director Colin O’Malley represented the private buyer. The seller, Evanston-based GDS Development, which developed the property in 2018, was represented by Interra director Paul Waterloo and managing partner Patrick Kennelly. 

“Renter demand for recently built apartment communities remains high in Chicago’s popular inner-ring suburbs, which in turn is driving strong investor interest in areas like Evanston,” said Waterloo. “In fact, this is the third sale of a newer construction property completed this year in Evanston, and Interra’s 13th apartment building sale in Evanston since 2018.  

“Having the anchor of Northwestern University students as a tenant base makes this market, and assets in proximity to the campus, especially attractive to investors,” he added. 

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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 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).

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