Interra Realty brokered the sale of Winfield Station, a new 162-unit transit-oriented rental community developed and constructed by Synergy Construction Group at 0S080 Winfield Rd. in Winfield, IL, about 35 miles west of Chicago. The property sold for $44.25 million, or $273,148 per unit, making it the second-largest apartment transaction in DuPage County this year by number of units and price per unit, according to CoStar.
An Interra team of Jon Morgan, David Goss and Joe Smazal represented Synergy. This is the second sale brokered by Interra for Synergy in less than six months.
Interra also procured the buyer for Winfield Station, Mango Shadow LLC, which acquired the property in an off-market transaction and was represented by Patrick Kennelly and Paul Waterloo.
“Investors will pay a premium for Class A multifamily properties in DuPage County because there’s a scarcity of newly constructed, amenity-rich developments in the immediate area,” said Morgan.
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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