CHICAGO—Rockwell Partners recently completed the $30.5 million acquisition of Mont Clare Apartments, a mixed-use property in suburban Harwood Heights that includes 281 units and about 21,000 square feet of commercial space. Located 10 miles northwest of Chicago, the property consists of two 12-story towers connected by a first-floor lobby.
“We found it to be a very active submarket,” principal Jason Fishleder tells GlobeSt.com. What made the property especially appealing was its location at the major intersection of Harlem Ave. and Gunnison St., an area with a good number of healthy retail options, including Harlem Irving Plaza. A US Bank anchors Mont Clare's commercial space.
Apartments at the complex include a mix of studio, one, and two-bedroom floor plans. Property amenities include a 24-hour fitness center, outdoor pool with sun deck, clubroom, business center, private multimedia theater, and underground parking. The Mont Clare is also located close to the I-90 expressway, CTA Blue Line and O'Hare Airport.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
