ARLINGTON HEIGHTS, ILL. — Marquette Cos. has acquired Orion Arlington Lakes, a 198-unit community in Arlington Heights, 25 miles northwest of Chicago. Immediate plans for the community include a rebranding to Avery at Arlington Lakes and the launch of value-add renovations of units and amenities, which include the construction of a new fitness center. As part of the transaction, Marquette Management will take over property management. Twenty-five percent of the units already have been renovated. The seller and sales price were not disclosed. Originally constructed in 1985, the property comprises eight residential buildings offering one- and two-bedroom floor plans. Amenities include a picnic area with grilling stations, a dog park, landscaped grounds, garage parking and laundry facilities located in every building.
Marquette Cos. has acquired Orion Arlington Lakes in Arlington, Ill., and has rebranded the community as Avery at Arlington Lakes. Marquette is planning a value-add program that includes the construction of a new fitness center, unit renovations and more.
Marquette Buys Orion Arlington Lakes in Metro Chicago
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