Gregory A. Fowler Of FPA Multifamily Purchases Whispering Trails In Naperville For $21.25M

The transaction involves two multifamily properties located at 1049 South Westmore Meyers Road in Lombard and 103 South Testa Drive in Naperville, Illinois, totaling 350 units. The properties were sold for a combined price of $67,250,000, with the price per unit calculated at $192,143. The sale included the Westmore Apartments in Lombard, which was sold for $46 million and the Whispering Trails in Naperville, sold for $21.25 million.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $67,250,000
• Buyer: Gregory A. Fowler - FPA Multifamily; B & A Property Group, LLC
• Seller: Michael J. Silk & Roger Cagann - Axiom Properties Inc.
• Brokers: Parker Stewart, Dominic Martinez, Alex Malzone & Jake Lamb - NorthMarq
• Units: 350
• Price Per Unit: $192,143

Northmarq facilitated the sale, managing the transaction of both properties. B & A Property Group acquired the Westmore Apartments, while FPA Multifamily purchased the Whispering Trails property, representing significant activity in the Chicagoland multifamily market.