Business

CBRE brokers Naperville apartment complex sale

Posted September 06, 2019 1:00 am

NAPERVILLE - CBRE recently represented the seller, a joint venture between the Marquette Companies and an affiliate of Heitman, a global real estate investment management firm, in the sale of River Run at Naperville Apartments, a 206-unit multifamily property at 1015 Preserve Ave. in Naperville.

Terms of the sale were not announced.

River Run is an 11-building property, consisting of one-, two- and three-bedroom units. Built in 2003, the average unit size is 1,316 square feet, with two- and three-bedroom units representing approximately 96% percent of the property. A total of 102 units have undergone renovations in the past 24 months to include quartz kitchen countertops and stainless steel appliances, among other upgrades.

Community amenities include a newly redesigned clubhouse, game room, 24-hour fitness center, executive conference room, enclosed dog park and an outdoor swimming pool and sun deck. The property includes 422 parking spaces as well.

Dan Cohen and John Jaeger and of CBRE's Chicago office represented the seller.

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