**Northmarq Arranges Sale of 165-Unit Multifamily Community in Bloomington, IL**
Northmarq’s Midwest Multifamily Investment Sales team—comprising Alex Malzone, Jake Lamb, Parker Stewart, and Dominic Martinez—has successfully arranged the sale of Grove at Main, a 165-unit garden-style multifamily community located at 102 Donnie Drive in Bloomington, Illinois.
Originally constructed in phases between 1979 and 2003, the property was acquired by Cinnaire Solutions. Northmarq represented the seller, Pensam, in the transaction.
“Grove at Main received significant interest due to the completed systemic renovation program, exceptional in-place yield, and the strength of the Bloomington-Normal market. These factors resulted in double-digit written offers from investors across the country,” noted Alex Malzone.
Grove at Main features a mix of one- and two-bedroom units, averaging 918 square feet. Spanning 16 buildings, the community has undergone more than $5.1 million in capital improvements since 2021. Upgrades include renovations to 158 units, new roofs and windows, landscaping enhancements, replacement of exterior stairs, and various mechanical upgrades.
Industry professionals are invited to attend the Connect Midwest Multifamily Trends conference, taking place on Tuesday afternoon, June 2, 2026, at Joe’s Live in Rosemont, Illinois. The event promises insights into key trends shaping the regional multifamily market.
