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Bourbon Square Getting $20M Upgrade

PALATINE, IL-Interior and exterior renovations totaling nearly $33,000 per unit are planned at Bourbon Square, which Marquette Cos. acquired from Equity Residential earlier this year for $78 million.

By Mark Ruda | Updated on May 15, 2006

(To read more on the multifamily market, click here.)

PALATINE, IL-After spending $78 million to buy the Bourbon Square multifamily rental complex, Romeoville-based Marquette Cos. plans to invest another $20 million in improvements to the 612-unit property. The sale by Equity Residential marks a return for Marquette Cos., which managed Bourbon Square more than 10 years ago.

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