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Interra Brokers Sale of 5-Building MF Portfolio in Suburban Chicago
Interra Realty, a Chicago-based commercial real estate investment services firm, brokered the sale of a five-building, 30-unit multifamily portfolio in Mount Prospect, Illinois. The properties were sold to undisclosed local buyers in two separate deals, totaling $4.29 million.
Interra Managing Partner Patrick Kennelly, Managing Director Paul Waterloo and Associate Nathan Zito represented the confidential seller in both transactions. Hubert Cioromski of Troy Realty represented the private buyer of three buildings, and Nader Shahat of Green Equities LLC represented the private buyer of the other two buildings.
The properties at 355, 357 and 359 W. Hawthorne Circle sold for $860,000 each, for a total of $2.58 million. In the other transaction, 353 W. Hawthorne Circle sold for $850,000 and 365 W. Hawthorne Circle sold for $860,000, for a combined $1.71 million. Both transactions represent a record per-building price for six-unit properties in Mount Prospect, according to MLS data.
