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Optima Chicago Center Trades in Streeterville
HFF has arranged the sale and acquisition financing of Optima Chicago Center, a 325-unit apartment high-rise in the city’s Streeterville neighborhood. Buyer and sales price were not identified. Crain’s Chicago Business reported that Edge Principal Advisors paid $155 million, the highest price for a Chicago-area multifamily property since Coast at Lakeshore East traded for $222 million last July.
The HFF team of Sean Fogarty and Marty O’Connell marketed the property on behalf of the seller, a partnership comprising Optima, Inc., DeBartolo Development LLC and OPTrust. Additionally, HFF’s Danny Kaufman worked on behalf of the new owner to secure financing through Pacific Life Insurance Company.
Constructed in 2013, the 42-story property features a mix of 323 one, two and three-bedroom units along with two penthouses, all totaling 328,451 rentable square feet. It also includes 20,644 square feet of commercial space.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition

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