The largest sale is College Park Illini Tower at 409 East Chalmers St. in Champaign near the University of Illinois. The buyer, Walton Street Capital of Chicago, paid approximately $29.7 million for the facility.
The 16-story building was completed in 1967 and includes 206 two-bedroom units. Gary Holloway Jr. and Eric Mattson of GMH represented owner, Master Student Holdings Inc., in the transaction.
The same GMH team represented Master in the sale of a two-complex property near Auburn (AL) University to Tampa, FL-based University Management for $12.5 million. The complexes are College Park Auburn Trail at the intersection of 1131 South College St. and Auburn Crossing, and at 626 Shug Jordan Parkway. They were built in 1989 and consist of 19 structures containing 170 units with 656 beds.
Denver, CO-based Amico Real Estate Trust bought College Park-Naismith Hall, a 10-story building at 1800 Naismith Dr. at the University of Kansas in Lawrence, KS, for $11 million. It was built in 1965. Bill Tourtellotte and Steve Behrle of GMH represented the owner, Master, in the sale.
Amico also acquired College Park-Carlos Bees Hall at 25400 Carlos Bee Blvd. in Hayward, CA for $4.9 million. It is a three-story structure containing 76 living units with 304 beds.
Private investors Richard and Robert Talbot of Hilliard, OH purchased College Park-Harrison Apartments, a 12-story, 132-unit, 341-bed building at 222 West Lane Ave. in Columbus, OH for approximately $7.1 million. The building was completed in 1967.
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