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Lynd Exits Chicago, Sells EnV Tower to MetLife

CHICAGO-Sources say the new luxury apartment building, with 249 units, sold for more than $125 million.

By Robert Carr | Updated on January 11, 2012

CHICAGO-The San Antonio, TX-based Lynd Development Partners has sold the 29-story EnV multifamily tower here to MetLife Inc. for more than $125 million. Lynd developed the 249-unit tower, which is across the street from the Merchandise Mart in the North Loop, in October 2010.

Neither the buyer nor the seller will release the price, though sources tell GlobeSt.com that the deal closed north of $125 million. Lynd built the luxury apartment tower, which includes 27,000 square feet of ground floor retail, for $72 million.

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