Cattle Ranch Townhomes Bring $19M in Naperville

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CBRE set up the sale of Ashwood Place Apartments, a 60-unit ranch townhouse community at 4209 Pond Willow Rd. in Naperville, IL. CBRE represented the vendor, a local personal designer.

Ashwood Location Apartments was acquired by a national investment firm based in The golden state for $18.55 million. CBRE’s Justin Ross and also David Guenther represented vendor S.R. Jacobson Growth Corp.

. Developed in 2018, Ashwood Location Apartments presents personal suburban single-story living to occupants. S.R. Jacobson Advancement Corp. was just one of the first to bring purpose-built townhome service living to the Chicago suburbs.

“The residential or commercial property stands for one-of-a-kind item on the market, and we were well-positioned to provide it the correct direct exposure,” said Ross. “With an overwhelming quantity of interest, capitalists were drawn to the solid market fundamentals in Naperville as well as the property efficiency and distinctive livability supplied to tenants.”

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