Bayshore Properties Acquires Arlington Heights Multifamily For $131M

Located at 650 West Rand Road in Arlington Heights, this multifamily property was recently sold in a closed transaction. The property consists of 586 units and was purchased by Bayshore Properties from the Connor Group, represented by Larry Connor, for a total sale price of $131,000,000. The per unit price for this transaction is approximately $223,549.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $131,000,000
• Units: 586
• Price Per Unit: $223,549
• Address: 650 West Rand Road, Arlington Heights
• Seller: Connor Group (Larry Connor)
• Buyer: Bayshore Properties
• Brokers: Steve LaMotte, John Jaeger, Justin Puppi, Ross Wettersten, and Dan Wilson (CBRE)

The sale of this property was facilitated by a team of brokers from CBRE, including Steve LaMotte, John Jaeger, Justin Puppi, Ross Wettersten, and Dan Wilson. Their expertise and negotiation skills ensured a successful transaction for both the buyer and the seller. This sale represents a significant investment in the Arlington Heights market and is a testament to the strong demand for multifamily properties in the area.