Pontegadea - Amancio Ortega Acquires 492-Unit MultiFamily Building In Chicago For $232M | 727 West Madison Street | Bryan Rosenberg, Daniel Parker, Gary Phillips | MultiFamily | Sale

Summary

Sale

ILLINOIS

MultiFamily

The multi-family property located at 727 West Madison Street in Chicago has been sold in a transaction worth $232,000,000. The property consists of 492 units, with a per-unit price of $471,545. The sale was facilitated by brokers Gary Phillips, Daniel Parker, and Bryan Rosenberg from Eastdil Secured.

Summary of transaction details:

Property Type: MultiFamily
Transaction Amount: $232,000,000
Units: 492
Price Per Unit (PPU): $471,545
Address: 727 West Madison Street, Chicago

Pontegadea, represented by Amancio Ortega, acquired the property from Ares Management, led by Michael Arougheti, and F&F Realty. The deal marks a significant transaction in the Chicago market.

Players

All
4

Agents
3
Agencies
1

$647M Sold

$1.9B Sold

$10.4B Sold

Details

Deal Summary

SOLD

IMAGE: Daniel Parker, Bryan Rosenberg & Gary Phillips DATE: 08/07/2023 ADDRESS: 727 West Madison Street MARKET: Chicago ASSET TYPE: MultiFamily BUYER: Pontegadea - Amancio Ortega SELLER: Ares Management (@AresManagement_) - Michael Arougheti; F & F Realty BROKERS: Gary Phillips, Daniel Parker & Bryan Rosenberg - Eastdil Secured (@EastdilSecured) SALE PRICE: $232,000,000 UNITS: 492 ~ PPU: $471,545

View on map

Address727 West Madison Street

Comparables

This user does not have deals with the selected filters yet.
Reset filters to show results.

Contact

Get in touch with the broker you want