Company Sells Nearby 22-Story SoNo East Complex

A commercial real estate intermediary announced this week the sale of Lincoln Park's SoNo East luxury mixed-use tower.

Representatives from the company, Holliday Fenoglio Fowler, L.P., said they marketed the 22-story complex, which includes ground-floor retail, on behalf of the developer, Smithfield Properties, in the summer of 2011 while it was still under construction. 

"Prudential Real Estate Investors agreed to purchase the asset upon completion," says the company's Jan. 2 announcement. "The ultimate closing took place in the last week of December 2012."

SoNo East has 324 multi-housing units, 3,990-square-feet of ground-floor retail and a 204-stall parking garage. The property features 9-foot ceilings and floor-to-ceiling windows. Located at 840 W. Blackhawk St., it's close to the area's Whole Foods flagship store and the CTA Red Line stop at North and Clybourn avenues.

"Community amenities include a fitness center, a stainless steel swimming pool, hot tub, sundeck, fire pit, billiards room, café/lounge and great room," the statement says. 

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The HFF investment sales team representing the seller was led by director Daniel Kaufman, executive managing director Matthew Lawton and managing director Sean Fogarty. 

“SoNo East is the first high-rise multi-housing tower built in Lincoln Park since 1988,” Kaufman said. “With its unique high-end finishes, best-in-class amenity package and desirable location at the hub of the Clybourn Avenue retail corridor, SoNo East will be Lincoln Park’s dominant residential address for many years to come.” 

Smithfield Properties, LLC is a privately owned Chicago-based real estate development company.

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