CHICAGO–May 5, 2014–Sperry Van Ness, LLC has sold 26 of 49 bulk condominium units located at 1228 Emerson Street in Evanston. Jim Sears of Sperry Van Ness, LLC represented Bluewater Group, the Seller in the transaction. Reid Bennett, CCIM, also of Sperry Van Ness, LLC represented the Purchaser. The 26 units, a total of 37,310 SF, sold for $7,250,000.
“Although not a distressed sale, the bulk sale of the remaining 26 units at nearly $279,000 per unit still afforded the purchaser with the option to continue renting and to generate cash flow or sell the units individually now or in the future; truly a best of both worlds scenario.” Sears said.
Sperry Van Ness, LLC is a national full-service commercial real estate advisory firm located at 940 West Adams Street in downtown Chicago. 312.676.1866. For more information, please visit www.svnchicago.com.
About Sperry Van Ness International Corporation
Sperry Van Ness International Corporation, a commercial real estate brokerage franchisor, is one of commercial real estate’s most recognizable brands, based on the annual Lipsey Survey. The Sperry Van Ness® organization includes more than 175 locations in 36 markets. With headquarters in Irvine, Calif., Sperry Van Ness Commercial Real Estate Advisors provide brokerage, tenant representation, consultation, asset management, property management, leasing, accelerated marketing and auction services. Sperry Van Ness advisors represent clients in office, multifamily, retail, industrial, self-storage, hospitality, marina and land transactions. All Sperry Van Ness offices are independently owned and operated. For more information, go to www.svn.com.
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