CREG Property VIII LLC Acquires Timber Creek Apartments In Niles For $11.5M

The Timber Creek Apartments in Niles, located at 1223 North Road, were sold for $11,500,000. The transaction was facilitated by Friedman Real Estate, with Chris Weir, Peter Jankowski, and Rich Deptula representing both the buyer, CREG Property VIII LLC, and the seller, Orem Timber Creek II LLC.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $11,500,000
• Address: 1223 North Road
• Market: Niles, Ohio

Friedman Real Estate played a crucial role in the $11.5 million sale of the multifamily property. The deal involved key individuals from the firm, including Chris Weir, Peter Jankowski, and Rich Deptula, who represented both the buyer, CREG Property VIII LLC, and the seller, Orem Timber Creek II LLC.