3L Real Estate Acquires Multifamily In South Loop, Chicago For $82.5M

Located in the South Loop neighborhood of Chicago, the multifamily property at 8 E 9th St has been sold in a closed transaction. Acquired by 3L Real Estate, the property was previously owned by Crescent Heights. The deal was facilitated by Brad Feldman from Interra Realty, representing the buyer.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $82,500,000
• Units: 248
• Price per Unit: $332,661
• Size: 225,000 sqft
• Price per sqft: $367
• Market: South Loop, Chicago

Brad Feldman from Interra Realty played a pivotal role in ensuring the successful completion of the deal. His expertise and negotiation skills contributed to the smooth transaction between 3L Real Estate and Crescent Heights. The property's prime location in the South Loop neighborhood adds to its appeal.