FPA Multifamily Acquires Huntington Apartments In Naperville From Rockwell Partners For $68M

The 356-unit Huntington Apartments located at 20 South Naper Boulevard in Naperville, a multifamily asset, was sold for $68 million. FPA Multifamily acquired the property, assuming a $39.8 million mortgage at a sub-3.6% interest rate amidst strong suburban rental demand and favorable tax conditions in DuPage County.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $68,000,000
• Units: 356
• Price Per Unit: $191,011
• Buyer: Greg Fowler - FPA Multifamily
• Seller: Jason Fishleder - Rockwell Partners
• Brokers: Chuck Johanns, Elizabeth Gagliardi & Susan Lawson - Newmark

This transaction highlights key players in the multifamily real estate market, with Greg Fowler representing FPA Multifamily and Jason Fishleder representing Rockwell Partners in the deal. The brokerage team from Newmark, including Chuck Johanns, Elizabeth Gagliardi, and Susan Lawson, facilitated this significant transaction in the Naperville market.