Wheaton apartment complex sold

Holliday Fenoglio Fowler L.P. announced the sale of Wheaton Center, a 758-unit, multi-building apartment property in Wheaton.

The HFF team represented the seller, a joint venture between Draper and Kramer Inc. and Edge Principal Advisors LLC, in the sale of the property to the buyer, FPA Multifamily LLC. The property was purchased free and clear of existing financing.

Wheaton Center consists of six elevator-served residential buildings, including two 20-story towers and four low- and mid-rise buildings, with units averaging 927 square feet and three levels of finish packages. Community amenities include a resort-style pool with luxury cabanas, grilling area, state-of-the-art fitness center, community room, conference room, catering kitchen, pet spa, bark park, playground, tennis courts and access to the Illinois Prairie Path. Most recently renovated in 2017, the property is located at 1 Wheaton Center across from the Wheaton Metra station, which offers access via express train into Chicago.

The HFF investment advisory team included managing directors Marty O'Connell and Sean Fogarty, senior director Wick Kirby and director Kevin Girard.