JLL Capital Markets announced that it has arranged the $77.25 million sale and $54.809 million agency lending for Haven Hoffman, a 550-home garden-style community located in Hoffman Estates, Illinois, a sought-after northwest suburb of Chicago.
JLL represented the sellers, Tricap Residential Group and Wolcott Group. JLL also worked on behalf of the buyer and borrower, Bender Companies, to secure the five-year, fixed-rate loan through Freddie Mac. The loan will be serviced by JLL Real Estate Capital, LLC, a Freddie Mac Optigo Lender.
Haven Hoffman Estates, situated at 725 W Bode Circle, offers immediate access to I-90 and I-290 and is approximately 30 miles from Downtown Chicago. The community is surrounded by well-planned shopping opportunities, employment hubs and entertainment options for residents. It is also a 20 minute drive from Chicago O’Hare International Airport.
Haven Hoffman Estates, built in 1970, offers a variety of living spaces with unit sizes averaging 746 square feet and options for studios, one- and two-bedroom layouts. The community boasts a mix of classic and renovated unit interiors, with renovated units featuring modern granite countertops, stainless-steel appliances and walk-in closets. Residents enjoy a host of community amenities such as a swimming pool, fitness center, modern clubhouse, private work-from-home suites and picnic areas with grilling stations.
Hoffman Estates, a sought-after suburb of Chicago, is known for its excellent quality of life, is part of a robust employment corridor near major corporations and medical facilities, making it a prime location for families and young professionals.
JLL Capital Market’s Investment and Sales Advisory team was led by Managing Directors Kevin Girard, Mark Stern and David Gaines, Director Zach Kaufman and Analysts Betsy Romenesko and Sam Grohe. JLL Capital Market’s Debt Advisory team was spearheaded by Managing Director Trent Niederberger, Director Medina Spiodic and Associate Rebecca Brielmaier.
“The successful transaction of Haven Hoffman Estates highlights the ongoing demand for well-located suburban housing in the Chicago area,” said Stern. “With its strategic location and comprehensive amenities, Haven Hoffman offers exceptional long-term growth opportunities.”
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
