Hines buys in Chicago, paying $151M ($335k/unit) for 451-unit, Left Bank Apartments in the West Loop from PGIM

11/10/2025

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The Real Deal

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• Subcategory: MF: Market Rate

• Tag: JV-Partnership | Sale

• Additional Filters-Subcategory: MF: Highrise

• Additional Filters-Tags: Sale: Investment, Sale: Single Property

• Company: Hines, PGIM Real Estate (Prudential), Jones Lang LaSalle (NYSE: JLL), Fifield Companies

Key Points
Hines acquired the Left Bank at K Station apartment tower for $151 million, marking Chicago's second-largest apartment sale of 2025.
The 37-story, 451-unit building was sold by PGIM Real Estate to a Hines-affiliated fund.
The deal highlights Hines' expansion in the residential portfolio, with potential for upgrades in 17% of the units.