TGM Acquires Sixth Multifamily Apartment Community In Chicagoland

NEW YORK, Sept. 18, 2018 /PRNewswire/ -- TGM announced today the acquisition of TGM NorthShore, a 347-unit mid-rise apartment community in Northbrook, IL.                                        

The property was constructed in 2016 and offers one and two-bedroom luxury apartments. Among the distinctive attributes of TGM NorthShore are its market leading amenities and prime location with convenient access to shopping, entertainment and major employment centers that today's renters demand. The property offers unrivaled amenities that include: doorman/concierge, virtual-reality golf simulator, two landscaped courtyards featuring a heated pool with multiple outdoor grills, community room with billiards table and shuffle board, catering kitchen, private dining room, dog park, heated parking garage with electric vehicle charging stations, media center with stadium seating, athletic club with yoga room and spin bikes, business center and conference room.   

TGM NorthShore is conveniently located 22 miles north of downtown Chicago in the prestigious North Shore suburbs surrounded by the deeply rooted and affluent communities of Northbrook, Highland Park, Deerfield, Evanston, Glencoe and Winnetka.   The property is located at Skokie Boulevard and Dundee Road with easy access to the Edens Expressway (I-94) and a few miles from the Braeside Metra station.  TGM NorthShore is located in the North Suburban and O'Hare office markets which contain approximately 35.5 million square feet of high-quality office space occupied by a diverse group of companies including: Abbott, Medline, Barilla, Walgreens, Siemens, Grainger, Mondelez, and Allstate. In addition to its accessibility to a plethora of major employment concentrations, TGM NorthShore's prime location offers residents with unique walkable access to over 100,000 square feet of retail amenities including Mariano's, Chipotle, Panera Bread, Roti, PNC Bank, Fuddruckers, Zengler Cleaners, Kriser's Natural Pet Store, and Noodles & Company.

"We are pleased to expand our footprint in Chicagoland with the acquisition of TGM NorthShore. TGM NorthShore raises the bar for luxury living with state-of-the-art amenities and interior apartment finishes surrounded by shopping, fine dining, parks, recreation, entertainment and the area's largest employers," said Zach Goldman, Managing Principal and Director of Operations for TGM.  TGM NorthShore is managed by TGMs' property management company, TGM Communities.  Also owned and managed by TGM in the Chicagoland area is TGM Park Meadows (Schaumburg), TGM Willowbrook (Willowbrook), TGM Springbrook (Aurora), TGM McDowell Place (Naperville) and TGM Danada (Wheaton).

TGM NorthShore, formerly known as Northshore 770, was brokered by John Jaeger, Executive Vice President and Dan Cohen, Executive Vice President at CBRE.

About TGM

Founded in 1991, the TGM Group ("TGM") was organized to provide an integrated suite of asset and property management services to its investors through a series of fully integrated operating companies.  Through its vertically and horizontally integrated operating companies, TGM specializes in acquisitions, property management, leasing, construction, property maintenance and asset management services.  An affiliate of TGM provides property management services under the brand TGM Communities.  As of September 17, 2018, TGM has invested approximately $3.1 billion in 135 multifamily properties throughout 28 states.

To learn more about TGM please contact John Gochberg, Managing Principal and Chief Executive Officer.  Phone: (212) 830-9312, E-mail: [email protected]

SOURCE TGM