Kirkland Crossing, a 266 unit multifamily asset is located in Aurora, IL, an affluent and rapidly growing submarket of Chicago. Built in 2003, the 303,952 sq. ft. property comprises 15 residential buildings and a clubhouse, and is 96% occupied.
The property offers large one --, two and three bedroom apartment homes, all with private entries. With a desirable amenity package and a convenient location in one of the most highly regarded school districts, and within easy commuting distance to Chicago’s fastest growing job markets and employers, the property attracts professionals from around the region. Neighborhoods that offer affordable primary education and convenient access to mass transit and employment centers are seeing concentrated demand from both millennials and baby boomers. We believe those markets that can offer the convenience of urban living, combined with the lower costs, social and educational experiences desired in the suburbs, will be the long term winners.
With its strategic location, strong tenant profile, high quality amenities, and our long term asset management strategy, Kirkland Crossing is well positioned to offer strong return and income potential for our stakeholders .
- The large, diversified economy is home to the headquarters for Fortune 500 companies such as Boeing and there has been a surge in corporate relocations to downtown Chicago in recent years. United, Motorola, Kraft, Wilson Sporting Goods, and McDonald’s are all examples of the types of major relocations/expansions that have earned Chicago the designation of “top metro” for corporate investment as determined by Site Selection magazine.
- It’s an education elitist with several highly regarded u niversities contributing to a well educated population base and labor force.
- The city is also a technology trailblazer being home to several budding high tech centers including River North and Fulton Market.