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Chicago & Midwest  + Greater Chicagoland  + Apartments  | 

Newly Built Apartments Trade in Highwood

CBRE recently arranged the sale of Webster Place, a newly built 13-unit multifamily property located at 25 Clay Ave. & 20 Webster Ave. in the downtown Highwood, IL. The property sold for $5.15 million in a transaction between undisclosed parties. 

Justin Ross and David Guenther with CBRE represented the seller in the transaction. 

“There is a very strong demand from residents for properties like Webster Place in the North Shore neighborhood,” said Ross. “The units were fully leased with minimal concessions within a few months which is a testament to both Chicago’s market fundamentals and the overall quality of the property.” 

Completed in 2020, Webster Place is comprised of 13 three-bedroom two and a half bathroom units, each with a two-car garage. It’s located near Sheridan Road, one of the main retail streets in Highwood, and is less than a mile from Lake Michigan.

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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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