Ben Frazer Of Highland Partners Acquires 50-Unit Sienna Apartment Complex From Michael Newman For $23.7M

The property asset involved in this transaction is a multifamily building located at 423 East Ohio Street in Chicago, IL. The sale was completed for a total of $23,700,000. The building comprises 5,600 square feet, which translates to a price per square foot of $4,232. Additionally, the asset consists of 50 units, resulting in a price per unit of $474,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $23,700,000
• Square Footage: 5,600
• Price per Square Foot: $4,232
• Units: 50
• Price per Unit: $474,000
• Buyer: Ben Frazer - Highland Partners
• Seller: Michael Newman - Golub & Company
• Date of Transaction: 09/16/2026

Ben Frazer represented Highland Partners in the transaction, while Michael Newman represented Golub & Company as the seller. Notably, this sale of the Sienna apartment complex marked the largest commercial transaction in Cook County for the week. Other significant transactions included Rialto Capital Advisors’ acquisition of a property for $23.1 million and a $19.2 million purchase by the City of Chicago of a Greyhound station at 630 West Harrison Street.