– HFF announced today that it has been named to market for sale The Belden-Stratford, a 297-unit, luxury multi-housing community in Chicago’s Lincoln Park neighborhood.
HFF is marketing the property without a formal asking price and the property is being offered on an “All Cash” basis.
The Belden-Stratford is one of the premier apartment properties in Chicago and is located at 2300 Lincoln Park West, a few blocks from Lake Shore Drive and Lake Michigan, and across the street from Lincoln Park, which contains the Lincoln Park Zoo, Lincoln Park Conservatory and numerous other cultural and recreational sites. Additionally, the community is near the CTA Red/Brown/Purple Fullerton train stop. Originally built in 1923 in a Beaux Arts style décor, the property features studio, one- and two-bedroom units averaging 636 square feet each. The 15-story property offers residents a fitness center, rooftop sundeck with spectacular views of Lake Michigan and downtown Chicago, full-service dry cleaner and valet parking. The Belden-Stratford also has 19,223 square feet of retail space occupied by several tenants including popular restaurants Mon Ami Gabi and L20.
The HFFsales team representing the seller is led by managing director Sean Fogarty, executive managing director Matthew Lawton and managing director Marty O’Connell.
“The Belden-Stratford is an iconic and irreplaceable asset in one Chicago’s finest locations,” said Fogarty.
“Strong demographics, top cultural and entertainment attractions, and very solid market fundamentals have led to robust demand for Lincoln Park communities, indicated by a remarkable average vacancy rate of 2.3 percent since 1995,” added Lawton.
HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 21 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit www.hfflp.comor follow HFF on Twitter at www.twitter.com/hff.