Essex Realty Group, Essex Three-Twelve, and Essex Capital Markets announced the closing of 3134 N. Kimball Avenue, a 22-unit multifamily property located in Chicago’s Logan Square neighborhood.
The seller was represented by Jack Doyle, an associate of Essex Three-Twelve. The buyer was represented by the Essex Realty Group team of Director Brian Keegan and Principals Jim Darrow and Jordan Gottlieb.
This transaction marks a significant milestone for Essex, as it represents the first time all three Essex entities have collaborated on a single deal, collectively representing the seller, the buyer, and arranging the financing.
The financing for the acquisition was arranged on behalf of the buyer by the Essex Capital Markets team of Asher Motew and Quinn Keenan. The financing package was structured with a regional bank and included competitive terms. “This structure gave our clients the runway to renovate, reposition rents, and stabilize without forcing the timeline,” said Motew.
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