Green Cities Acquires 223-Unit Catalyst Apartment Tower In Chicago From DWS Group And Marquette Companies For $94M

The property involved in the transaction is a 223-unit apartment tower located at 123 North Desplaines Street in Chicago's West Loop. It was sold for $94,000,000, which translates to a price per unit of $421,525.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $94,000,000
• Buyer: Green Cities
• Seller: Stefan Hoops - DWS Group & Nick Ryan - Marquette Companies
• Brokers: Jason Zyck, John Jaeger & Justin Puppi - CBRE
• Units: 223
• PPU: $421,525

The transaction highlights the involvement of notable individuals such as Stefan Hoops and Nick Ryan as sellers representing DWS Group and Marquette Companies respectively. The brokers facilitating the transaction include Jason Zyck, John Jaeger, and Justin Puppi from CBRE.