ACO Commercial Completes Sale of 84-Unit Apartment Complex to New York-Based Investor
CHICAGO, ILLINOIS – Tuesday, July 7, 2015
ACO Commercial is pleased to announce the sale of the Colonial Court Apartments located in Oak Lawn, Illinois.
George Toscas, Executive Vice President, arranged the sale of the value-add property on behalf of a national private equity firm. The property was sold to a New York-based investor, who plans a multi-million dollar renovation of the asset.
Colonial Court Apartments is comprised of three buildings, containing 84 one- and two-bedroom apartments. At the time of sale, the property was vacant. The sale price was approximately $3.8 million.
ACO Commercial specializes in the sale of commercial and investment real estate throughout the Midwest.