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N.Y. Investment Firm Buys Downtown Wheaton Apartment Complex

Edge Principal Advisors LLC is buying Wheaton Center Apartments.

Credit: Wheaton Center Apartments website
Credit: Wheaton Center Apartments website
A New York investment firm that already owns the 295-unit Retreat at Danada Farms in Wheaton is now buying another apartment building in the city —the 758-unit Wheaton Center Apartments, according to Crain's Chicago Business. 

It's unclear how much Edge Principal Advisors LLC will pay for the apartment complex in downtown Wheaton but Crain's reported the transaction is the  "largest suburban multifamily property to change hands in nearly eight years." 

Wheaton Center Apartments is located at 2 Wheaton Center and amenities include a heated outdoor pool, health club and an Internet Cafe with free wi-fi. The complex currently rents studio, one- and two-bedroom apartments. 

Read more on Crain's Chicago Business. 
bryan flake June 10, 2014 at 12:57 PM
I am contemplating living in downtown Toronto. I need to be closer to work, but I am not sure if I will be able to deal with the noise of downtown. Maybe I can find some way to soundproof my apartment if I decide to move downtown? bryanflake1984| <a href='http://streetcar.ca/why-streetcar/10-reasons-to-believe/' >http://streetcar.ca/why-streetcar/10-reasons-to-believe/</a>

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