Transactions - JANUARY 14, 2022

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Marquette Cos. JV sells Apartment Community in Lombard, Ill.

by Released

A joint venture between Marquette Cos. and an institutional partner has sold City View at the Highlands, a 403-unit, luxury, value-add, mid-rise apartment building located in the Chicago suburb of Lombard, Ill.

Torchlight Investors acquired the asset. The sales price was not disclosed.

With an average of 902 square feet, the renovated units of the seven-story City View at the Highlands offer quartz countertops, stainless-steel appliances, wide plank flooring, nine-foot ceilings, full-size washers and dryers, and patios or balconies. Recently upgraded community amenities include a swimming pool and sundeck, outdoor grilling area, two outdoor lounge spaces with fire pits, a 24-hour fitness center, a yoga studio, a community kitchen, a tech and business center, and a conference room.

Situated at 2720 S. Highland Ave. and spanning five acres, the transit-oriented City View at the Highlands is adjacent to Butterfield Road and two major expressways, Interstate 88 and

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