Commercial Mortgage Chicago: GlobeSt.com -Reserve at Evanston on the Market

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Monday, April 25, 2011

GlobeSt.com -Reserve at Evanston on the Market

EVANSTON, IL-HFF has been hired to market for sale the Reserve at Evanston, a 193-unit, Class A apartment complex here. HFF is marketing the property on behalf of the seller, a joint venture of Atlantic Realty Partners and Invesco Real Estate. The property is at 1930 Ridge Ave., near the downtown, adjacent to Northwestern University and less than one mile south of Evanston Hospital. Completed in 2003, the property features studio, one-, two- and three-bedroom units averaging 844 square feet each. Residents have access to an outdoor pool and sundeck, fitness center, bbq grill area and an Internet cybercafé and coffee bar. A heated underground garage provides parking for 219 cars and elevators give residents direct access to the garage and all floors of the community. The HFF team is Matthew Lawton, Sean Fogarty and Marty O’Connell.

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