Interra Realty Brokers $16.9M Sale Of Luxury Multifamily Property In Highwood

Interra Realty has brokered the $16.9 million sale of Station440, a luxury 48-unit multifamily property in Highwood, Illinois. The property, constructed in 2022, offers amenities such as covered parking, a fitness center, community room, and roof deck, and is located near dining, shopping, and transportation options.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $16,900,000
• Units: 48
• Price per Unit: $352,083
• Buyer: HP Ventures Group - Steve Cook
• Seller: Benchmark Developers
• Brokers: Craig Martin - Interra Realty

Interra Realty, represented by Craig Martin, facilitated the sale of Station440. The buyer, HP Ventures Group, led by Steve Cook, acquired the property from Benchmark Developers. This transaction marks a significant investment in the Highwood market, providing luxury multifamily units to residents. With amenities such as covered parking and a fitness center, the property offers a comfortable and convenient living experience. The location near dining, shopping, and transportation options adds to its appeal.