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Chicago & Midwest  + Greater Chicagoland  + Apartments  | 

JLL Closes $94M Sale of Bolingbrook Apartments

JLL Capital Markets closed the $93.5-million sale of, and arranged $60.825 million in acquisition financing for, the Riverstone Apartments, an affordable housing community in the southwest suburb of Bolingbrook, IL. 

The JLL Capital Markets team representing the seller was led by senior managing directors Doug Childers and Marty O’Connell and senior director Michael Fox. Financing was led by senior director Paul Smith and senior managing director CW Early. 
 
JLL represented the seller, Jackson Square Properties, to complete the sale to Alliant Strategic Investments and Nuveen Real Estate. JLL also worked on behalf of Alliant and Nuveen to secure the acquisition financing through Freddie Mac.
 
Located at 308 Woodcreek Dr., the transit-oriented property has direct access to Downtown Chicago via I-55. It’s convenient to various employment hubs, including the 1,300-acre Argonne National Laboratory and a nearby 67.3-million-square-foot industrial/distribution center, and retail centers, including the 1.2-million-square-foot Promenade at Bolingbrook mall.
 

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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 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).

  • ◦Sale
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