News

December 12, 2013
601 W. Jackson (JeffJack Apartments) Acquired

Atlantic Creek Real Estate Partners, LLC (“Atlantic Creek”) is pleased to announce the joint venture Preferred Equity investment into a joint venture with a local developer that is developing a 190 unit, class A, 15-story apartment building located in the West Loop of Chicago, IL that will be known as JeffJack Apartments (the “Project” or the “Property”).

The property is located in an infill location in the West Loop of Chicago, Illinois and is centrally located providing excellent walking access for people working in the CBD as well to the Metra rail line from Union Station, the “L” commuter trains and the major expressways I-90/94 and I-290, and is four blocks from the Willis (Sears) Tower. The project’s modern design will consist of a glass curtain wall construction, focusing on floor to ceiling windows with over nine foot ceiling floor plans. Site work is projected to commence December 30, 2013.

Atlantic Creek, with offices in New York, NY, Palm Beach, FL, and Los Angeles, CA, targets direct and joint venture investments in opportunistic and value add office, retail, and multi-family commercial real estate primarily located on the East and West Coasts of the U.S., Texas and other select U.S. markets.

For further information on new acquisitions and joint venture opportunities, please contact Joshua Schwalbe, Senior Vice President, in our New York, NY office at (212) 381-7617 or Jon Trucano, Senior Vice President, in our Palm Beach, FL office at (561) 275-7702.