{"id":233160,"date":"2025-09-17T06:24:17","date_gmt":"2025-09-17T06:24:17","guid":{"rendered":"https:\/\/www.europesays.com\/us\/233160\/"},"modified":"2025-09-17T06:24:17","modified_gmt":"2025-09-17T06:24:17","slug":"the-chicago-deal-sheet-september-16-2025","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/233160\/","title":{"rendered":"The Chicago Deal Sheet (September 16, 2025)"},"content":{"rendered":"

Waterton<\/a> acquired The Mason, a 263-unit high-rise apartment community in Fulton Market<\/a>, for $89.5M, according to public records.<\/p>\n

\"Placeholder\"\/<\/p>\n

\n The Mason\n <\/p>\n

The company purchased the 14-story property at 180 N. Ada St.\u00a0from\u00a0Marquette Cos<\/a>. and\u00a0DWS Group<\/a>.<\/p>\n

It plans to implement a light value-add program, including in-unit flooring upgrades and enhancements to common areas and amenity spaces. Waterton\u00a0also said it will\u00a0explore opportunities to reposition the common areas and optimize the use of space.<\/p>\n

\u201cThe favorable supply\/demand dynamic in downtown Chicago combined with the quality features of the units and common areas in this dynamic West Loop location makes The Mason an attractive investment opportunity,” Casey Mog, vice president of acquisitions at Waterton, said in a press release.\u00a0<\/p>\n

Waterton\u2019s Chicago portfolio grew to 6,587 units after the acquisition,\u00a0according to the Chicago Business Journal<\/a>.<\/p>\n

SALES<\/strong><\/p>\n

An East Coast-based 1031-exchange buyer paid $3.7M for Pacesetter Plaza, a 17-suite retail strip anchored by Family Dollar at 1000 E. 162nd St. in South Holland. The 34K SF center\u00a0was 97% occupied at the time of sale. Marcus & Millichap’s Adrian Mendoza, Sean Sharko and Austin Weisenbeck\u00a0marketed the property on behalf of the seller, a limited liability company.\u00a0<\/p>\n

***<\/p>\n

A private investor purchased Holiday Plaza, a 13-suite retail property at 4747 N. Harlem Ave. in Harwood Heights, for an undisclosed price. The 70K SF\u00a0center features a mix of service, retail and restaurant tenants, including Orange Theory Fitness and Starbucks. Marcus & Millichap’s Adrian Mendoza, Sean Sharko and Austin Weisenbeck procured the buyer.\u00a0<\/p>\n

***<\/p>\n

Eastham Capital sold Central Park Apartments, a 220-unit multifamily community at 11 Fir St. in Park Forest, to an undisclosed company for $23.2M. The community includes one-bedroom apartments as well as two- and three-bedroom townhomes. The firm acquired the property in 2019 through Eastham Capital Fund V in partnership with Bender Cos.\u00a0<\/p>\n

***<\/p>\n

Mapletree Investments acquired a 29.3-acre site at 1035 W. Laraway Road in Joliet to develop a logistics facility spanning 419K SF. This\u00a0is Mapletree’s second acquisition in Joliet this year, following\u00a0its May purchase of an 18.1-acre site at 3600 Houbolt Road, where it will build a 276K SF warehouse. Colliers’ Matthew Stauber and Steve Ostrowski represented the seller and worked with Mapletree to secure the deal.<\/p>\n

***<\/p>\n

An undisclosed buyer purchased 2023-2025 N. Racine Ave., a 12-unit apartment building\u00a0in Lincoln Park, for $3.7M. The building consists of six one-bedroom\u00a0units and six two-bedroom units. Essex\u00a0Realty Group’s\u00a0Steve Livaditis represented the seller, and Essex’s Jim Darrow represented the buyer.<\/p>\n

FINANCING<\/strong><\/p>\n

Walker & Dunlop\u00a0originated $68.3M in HUD loans to refinance seven skilled nursing facilities in Illinois and Wisconsin. The Illinois facilities are in El Paso, Chillicothe, Mendota, Peru, Streator and Elgin.\u00a0<\/p>\n

***<\/p>\n

Mavrek and\u00a0Acres Commercial Realty Corp.\u00a0secured financing at 65 E. Wacker Place. The team received\u00a0a $62.4M senior loan from Derby Lane Partners and an $11M loan from Hoyne Savings Bank. The property will be redeveloped into a 252-unit luxury apartment complex by McHugh Construction, with design by Pappageorge Haymes.<\/p>\n","protected":false},"excerpt":{"rendered":"Waterton acquired The Mason, a 263-unit high-rise apartment community in Fulton Market, for $89.5M, according to public records.…\n","protected":false},"author":3,"featured_media":233161,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5124],"tags":[960,125511,125508,5386,1818,125509,125510],"class_list":{"0":"post-233160","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-chicago","8":"tag-chicago","9":"tag-dws-group","10":"tag-fulton-market","11":"tag-il","12":"tag-illinois","13":"tag-marquette-cos","14":"tag-waterton"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115218210390276963","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/233160","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=233160"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/233160\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/233161"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=233160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=233160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=233160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}