A private equity firm in Illinois recently inked a deal to buy the Hunter’s Glen Apartments in Chesterfield for more than $10 million, acquiring the multi-family complex from a Boston pension fund adviser.
Michael Bailey’s Fireside Financial of Edwardsville closed Sept. 18 on the purchase of Hunter’s Glen from Boston-based Eaton Vance. While terms of the deal were not disclosed, the property was appraised at about $9.6 million, according to the St. Louis County Department of Revenue. However, Andrea Hendricks of Hendricks & Partners in St. Louis, which brokered the deal, said the actual sale price was much higher.
Located at 2150 Village Green Parkway in Chesterfield, Hunter’s Glen features 192 one- and two-bedroom units in 11 buildings situated on almost 10 acres. Occupancy for the apartment complex is about 97 percent, according to Kendrick. The complex was built in 1984.