Wade Madden Of Olympus Property Acquires Multifamily Asset From Phil Domenico For $53 Million

The multifamily property involved in this transaction is located at 250 Plaza Circle, Mundelein, IL. Olympus Property, based in Fort Worth, has acquired the asset for $53,000,000. The transaction is part of a significant increase in suburban Chicago multifamily sales, with a recorded surge of 67% year over year in Q2 2026.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $53,000,000
• Buyer: Wade Madden - Olympus Property
• Seller: Phil Domenico - Synergy Construction Group

Wade Madden represents Olympus Property in this deal, while Phil Domenico represents Synergy Construction Group. This acquisition allows Olympus to expand its portfolio within Illinois, reflecting a strategic move within the current real estate market.