Interra Brokers Deals in Hyde Park, Western Suburbs
Interra Realty managing partners Craig Martin and Lucas Fryman negotiated a pair of multifamily sales totaling $30 million on Chicago’s South Side and in west suburban Clarendon Hills, IL.
In the larger of the two deals, Fryman and Martin brokered the $19.35=million sale of 229 Park, a four-story, 43-unit mixed-use property at 229 Park Ave. in downtown Clarendon Hills. The price per unit was $450,000.
Interra represented the Chicago-based sellers, Hubbard Street Group, Centrum Realty & Development and Pine Grove Partners, as well as the buyer, Chicago-based HP Ventures Group.
Martin and Fryman also brokered the $10.62-million sale of 5736 S. Stony Island Ave., a 75-unit rental community in the South Side’s Hyde Park neighborhood, less than a mile from the future Obama Presidential Center. They represented the seller, 29th Street Capital, as well as the confidential buyer.
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).