CHICAGO — JLL Capital Markets has arranged the sale of 3Eleven, a 245-unit high-rise community in the River North neighborhood of Chicago. Vista Property acquired the property from The John Buck Co. for $76 million. In addition to the sale, JLL worked on behalf of the borrower to secure $47.8 million in acquisition financing through Freddie Mac Multifamily. The loan will be serviced by JLL Real Estate Capital, LLC, a Freddie Mac Optigo lender.
Built in 2018, 3Eleven offers studio, one-, two- and three-bedroom apartments. Units feature quartz countertops, plank flooring, floor-to-ceiling windows, stainless-steel appliances, walk-in closets and in-unit washers and dryers. Amenities include a fitness center, yoga studio, meditation lounge, demonstration kitchen, co-working space and a rooftop terrace with an outdoor theater, a pool, grilling stations and lounge areas.