CapRock News 12/2017

December 13, 2017 – CapRock sells Peoria apartment portfolio and hires Patrick Schenk.

CapRock commercial real estate chicago - logo
COMPANY NEWS:

ANNOUNCEMENT:

CapRock represents Asian buyer in purchase of Peoria multifamily assets.


NEW HIRE:

Patrick Schenk has joined CapRock.


REFERRAL REWARDS:

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CONTACT US:

CapRock

Property Management,

Investment Sales & Leasing

  Send us an Email

Phone: (312) 257-3252

Web: www.CapRockemr.com

Address:  79 W Monroe, Suite 905, Chicago, IL  60603


SOLD: Peoria Apartments Purchased by Asian  Investor

(Peoria, IL) – CapRock is pleased to announce its representation of an Asian buyer in the recent purchase of a 33 unit apartment portfolio located on Moss Avenue in Peoria, Illinois for $1.3 Million. While not exclusively leased to students, the properties’ location between the University of Illinois Medical School and Bradley University, results in a strong student occupancy.

Brian Goldman and Saar Schnitman identified the opportunity and represented the buyer in the purchase. In order to complete the transaction, we also negotiated a release of a potentially detrimental easement over the property by the owner of the land next door.

NEW HIRE

Patrick Schenk

Associate

Property Management & Leasing           

patrick schenk - CapRock real estate

CapRock is pleased to announce that Patrick Schenk has joined the company in the Property Management & Leasing group. 

Patrick graduated from DePaul University’s Driehaus College of Business this past spring after successfully completing his degree in Real Estate Finance. Patrick comes to us from The Walsh Group and will be initially working on property management and leasing.

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Railway Plaza, Naperville, IL

Railway Plaza, Naperville, ILCLIENT: PRIVATE REAL ESTATE FUND
ASSIGNMENT: Receivership, Property Management, & Leasing
STATS: 15,250 SF multi-tenant retail strip center in the far west Chicago suburbs.