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CHICAGO , IL - Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered a pair of multifamily transactions totaling $14 million. Interra Managing Partner Craig Martin and Director Brian DiBasilio represented the buyers and sellers in both transactions.
Vine Place Apartments, 400 Talcott Road, Park Ridge, Ill.
Martin and DiBasilio arranged the $9 million off-market sale of Vine Place Apartments, a newly constructed luxury apartment community with 22 units and one commercial space located at 400 Talcott Road in Park Ridge, Ill., a northwest suburb of Chicago. The price per unit was $391,304. Interra represented both the seller, Vine Place LLC, and the buyer, DAG Vine Place LLC, which purchased the property as part of a 1031 exchange.