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AvalonBay Pays $49 Mil for 409-Unit 200 Arlington Place in Northwest Suburb

ARLINGTON HEIGHTS, IL-The two-building complex also includes approximately 40,000 square feet of retail space and is located across Northwest Highway from the Metra commuter rail depot. AvalonBay plans renovation of apartments.

By Mark Ruda | Updated on January 24, 2001

ARLINGTON HEIGHTS, IL-A 409-unit apartment building in this northwest suburb of Chicago has been bought by AvalonBay Communities, Inc. for $49.1 million. The two-building 200 Arlington Place complex, located at 200 N. Arlington Heights Rd., also includes approximately 40,000 square feet of retail space.

The REIT’s latest acquisition in the Chicago market is located across the street from the Metra commuter rail train station and north of downtown area that has undergone major retail and multifamily redevelopment.

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