Rockwell Property Co. has sold Ellyn Crossing, a 1,155-unit, garden-style workforce housing apartment community located in Glendale Heights, Ill., marking the largest deal to ever trade in a Chicago suburb.
The financial terms were not disclosed; however, the new owner is Turner Impact Capital.
Spanning 31 buildings across 45 acres, Ellyn Crossing currently consists of 678 unrenovated homes, 80 partially renovated homes and 397 renovated homes. Unrenovated units feature laminate countertops, white appliances and light brown cabinets, and renovated homes offer laminate countertops with varying finishes, wood-style plank flooring, designer tile backsplash, ceiling fans and black appliances. Community amenities include a fitness center, resident clubhouse, resort-style swimming pool, laundry rooms, park, a tennis court and business center.
Located at 440 Gregory Ave., the location of the community allows residents to have easy access to top employers, offering conv
