CHICAGO, IL – Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of Prairie Winds of St. Charles, a 250-home, luxury townhome-style apartment community in the Chicago suburb of St. Charles, Illinois.
HFF marketed the property on behalf of the seller, Executive Capital Corporation. TLC Management Co. purchased the offering for an undisclosed amount.
Prairie Winds of St. Charles is located at 2600 Prairie Winds Drive in St. Charles, which has been named Illinois’ No. 1 city for job growth by WalletHub. The community is approximately 40 miles west of downtown Chicago and offers nearby access to award-winning schools, leading healthcare options, premium shopping, upscale dining, outdoor recreation amenities and multiple top international and regional employers. Completed in 2018, floor plans comprise a mix of one-, two- and three-bedroom townhome-style units averaging 1,254 square feet. Homes feature condo-quality amenities, including gourmet kitchens, designer lighting packages, living room fireplaces, garden soaking tubs, walk-in closets, high ceilings, oversized private balconies or patios, full-size washers and dryers, and heated attached one- and two-car garages. Community amenities include manicured nature trails and a fish pond, outdoor resort-style pool, outdoor kitchen with grilling stations, fire pit, bark park, children’s playground, clubhouse with lounge seating and fireplace, billiards room, indoor lap pool, state-of-the-art fitness center with personal training services, and multiple conference rooms.
The HFF investment advisory team included managing directors Sean Fogarty and Marty O’Connell, senior director Wick Kirby, director Kevin Girard and analyst Kyle Butler.
About Executive Capital Corporation: Executive Capital Corporation, a wholly owned subsidiary of Executive Affiliates, Inc., performs real estate acquisition and disposition, as well as financing for the Big Rock Group of Companies. Over the last 20 years, ECC has been involved in numerous real estate transactions valued at more than a billion dollars. ECC is well positioned for opportunities to continue its pattern of growth into the future.
About TLC Management Co. TLC Management Co. is a Chicago-based company that exclusively owns and operates each of its buildings. TLC is the largest single owner of apartment buildings in the Chicagoland area with 5,250 units in 16 sub-markets spread all over Chicago and Suburbs.
About HFF: HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.