CBRE has arranged the sale of Stonebridge of Arlington Heights, a 586-unit multifamily property in Arlington Heights, Illinois. Bayshore Properties purchased the property from The Connor Group for an undisclosed amount.
Steve LaMotte Jr., John Jaeger, Dane Wilson, Justin Puppi and Ross Wettersten of CBRE represented the seller in this transaction. According to Jaeger “This property provides numerous value-add opportunities for new ownership which was a major factor that contributed to its sale” He further added “Stonebridge is located in a great suburb near Chicago with access to restaurants, entertainment and retail venues including Annex of Arlington mall and Park Place shopping center”
Located at 650 W Rand Road near Interstates 294 90 & 290; Stonebridge offers one & two bedroom floor plans averaging 1 075 square feet along with indoor & outdoor amenities.
