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Multifamily N Illinois

MZ Capital to turn Naperville hotel property into micro apartments

Marcus & Millichap brokered the sale of the Regency Inn at 1350 E. Ogden Avenue in Naperville, Illinois, for $3.35 million, according to Steven Weinstock, regional manager and first vice president for the firm’s Chicago Oak Brook office. The buyer, Northbrook, Illinois-based MZ Capital Partners, plans to provide 112 micro apartments on the site.