Annenberg Investments, in partnership with Montero Partners, purchased a four-story office building from the original developers. After an extensive renovation, the Property achieve 100% occupancy.
The Property was sold in August 2004.
3651 Commercial Avenue
Northbrook, IL
Location
Northbrook, IL
Asset Class
Industrial
Number of Units
83,200 SF
Investment Type
Stabilized
Year Purchased
2004 / 2025
Northbrook, IL
3651 Commercial Avenue
Annenberg Investments purchased this building and signed a long term lease with A-Z Industries who expanded taking over the entire building. A-Z has continued to operate out of the building since the building was acquired.
The Property was sold in March 2025
Green Oaks Flex Buildings
Green Oaks, Illinois
Location
Green Oaks, Illinois
Asset Class
Industrial
Number of Units
40,000 SF
Investment Type
Value Add
Year Purchased
2009 / 2018
Green Oaks, Illinois
Green Oaks Flex Buildings
Annenberg Investments, in partnership with Moyer Properties, purchased two flex industrial buildings that were 20% occupied. After the Property was renovated and repositioned, both buildings occupancy increased to 100%.
The southern Property was sold in November 2010. The northern Property was sold in January 2018.
501 Skokie
Northbrook, Illinois
Location
Northbrook, Illinois
Asset Class
Medical Office
Number of Units
10,000 SF
Investment Type
Ground Up Development
Year Purchased
2007 / 2014
Northbrook, Illinois
501 Skokie
Annenberg Investments, in partnership with Montero Partners, purchased the site and demolished the original structures and created two, adjacent developable pad sites. A brand new North Shore University Health System was built on one of the pad sites.
The Property was sold in June 2014.
445 Skokie
Northbrook, Illinois
Location
Northbrook, Illinois
Asset Class
Retail
Number of Units
6,500 SF
Investment Type
Ground Up Development
Year Purchased
2007 / 2009
Northbrook, Illinois
445 Skokie
Annenberg Investments, in partnership with Montero Partners, purchased the site and demolished the original structures and created two, adjacent developable pad sites. A brand new Charles Schwab was built on one of the pad sites.
This Property was sold in August 2009.
9 Jackson
Naperville, Illinois
Location
Naperville, Illinois
Asset Class
Office
Number of Units
20,000 SF
Investment Type
Value Add
Year Purchased
1998 / 2000
Naperville, Illinois
9 Jackson
Annenberg Investments, in partnership with Davis Street Land Company, purchased a 20,000 SF office building located in the heart of downtown Naperville. After an extensive renovation, the Property was leased long term to Williams Sonoma and Pottery Barn.
The Property was sold in February 2000.
612 S. Clinton
Chicago, Illinois
Location
Chicago, Illinois
Asset Class
Office
Number of Units
132,000 SF
Investment Type
Value Add
Year Purchased
1999 / 2000
Chicago, Illinois
612 S. Clinton
Annenberg Investments, in partnership with Sterling Bay, purchased a four-story office building. After extensive renovation, the Property was able to increase occupancy and operations.
The Property was sold in March 2000.
The Chandler’s Building
Evanston, Illinois
Location
Evanston, Illinois
Asset Class
Mixed-Use
Number of Units
25,000 SF
Investment Type
Value Add
Year Purchased
1998 / 2017
Evanston, Illinois
The Chandler’s Building
Annenberg Investments, in partnership with David Street Land Company, purchased a five-story, historic building in the heart of downtown Evanston. After an extensive renovation, the Property achieved 100% occupancy.
The Property was sold in June 2017.
430 Park Avenue
Highland Park, Illinois
Location
Highland Park, Illinois
Asset Class
Mixed-Use
Number of Units
26,800 SF
Investment Type
Value Add
Year Purchased
2004 / 2020
Highland Park, Illinois
430 Park Avenue
Annenberg Investments, in partnership with Davis Street Land Company, purchased a four-story, mixed use building on the northeast corner of Park Avenue and Sheridan Road in the heart of downtown Highland Park. After a complete renovation, the Property consists of 6,000 SF of retail on the ground floor, 12,000 SF of office and three apartments on the upper floors.
Annenberg Investments sold its interest in the Property in February 2020.
Roosevelt Galleria
Chicago, Illinois
Location
Chicago, Illinois
Asset Class
Retail
Number of Units
22
Investment Type
Value Add
Year Purchased
2012 / 2016
Chicago, Illinois
Roosevelt Galleria
Annenberg Investments, in partnership with Moyer Properties and Development Resources, Inc., purchased two, old retail buildings with a parking lot in the rear on the Roosevelt Road corridor in the South Loop of Chicago with over 225’ of frontage. The Property underwent an extensive renovation to both the interior and exterior and ultimately secured long term leases with The Vitamin Shoppe, Sleepy’s (now Mattress Firm, Petco, Golfsmith, and United Health.
The Property was sold in March 2016.
The East Ohio Building
Cleveland, Ohio
Location
Cleveland, Ohio
Asset Class
Office
Number of Units
330,000 SF
Investment Type
Value Add
Year Purchased
1997 / 1999
Cleveland, Ohio
The East Ohio Building
Annenberg Investments, in partnership with Sterling Capital Partners, purchased this 21-story office building that included a 10-story parking garage. After renovating the lobby and common areas, occupancy reached 95%.
This Property was sold in December 1999.
Park Colony Apartments
Des Plaines, Illinois
Location
Des Plaines, Illinois
Asset Class
Multifamily
Number of Units
240
Investment Type
Value Add
Year Purchased
2010 / 2014
Des Plaines, Illinois
Park Colony Apartments
Annenberg Investments, in partnership with Moyer Properties and LV Property Management, purchased 240 market rate apartments and immediately underwent an extensive renovation. After improving building operations, the building was stabilized.
The Property was sold in December 2014.
300 W. Adams
Chicago, Illinois
Location
Chicago, Illinois
Asset Class
Mixed-Use
Number of Units
252,000 SF
Investment Type
Value Add
Year Purchased
2007 / 2012
Chicago, Illinois
300 W. Adams
Annenberg Investments, in partnership with Sterling Bay, purchased a 12-story, Gothic style office building with ground floor retail directly across from the Willis Tower. The Property underwent a major renovation while preserving its classic Gothic architectural detail. In 2010, the Property obtained landmark designation from the City of Chicago.
The Property was sold in August 2012.
413 N. Carpenter
Chicago, Illinois
Location
Chicago, Illinois
Asset Class
Mixed-Use
Number of Units
20,000 SF
Investment Type
Opportunistic
Year Purchased
2013 / 2019
Chicago, Illinois
413 N. Carpenter
Annenberg Investments, in partnership with Moyer Properties, purchased this mixed-use building in the early stages of Fulton Market’s resurgence as Chicago’s premier neighborhood. The Property served as the headquarters for Ravine Park Partners (an Annenberg and Moyer company) and Perl Mortgage on the ground floor. The upper floors consist of 10 market rate, loft apartments. There is also a 30 space parking lot.
This Property was sold in 2019.
885 Sunset Ridge
Northbrook, Illinois
Location
Northbrook, Illinois
Asset Class
Office
Number of Units
75,000
Investment Type
Value Add
Year Purchased
2010 / 2020
Northbrook, Illinois
885 Sunset Ridge
Annenberg Investments, in partnership with Moyer Properties, purchased the former Plunketts Furniture building. Within months, the Property was leased long term to Nestle USA, Inc. to house their frozen pizza headquarters. After investing approximately $18M into the building, Nestle decided to sublease the building years later. Today, the Property is occupied and serving as the national headquarters for Barilla America, Inc.
The Property was sold in February 2020.
Elston Land
Chicago, Illinois
Location
Chicago, Illinois
Asset Class
Land
Number of Acres
6.32
Investment Type
Opportunistic
Year Purchased
2016 / 2023
Chicago, Illinois
Elston Land
Annenberg Investments, in partnership with Development Resources, Inc., purchased 6.32 acres at the northeast corner of Augusta and Elston Avenues.
This Property was sold in January 2023
Rosemont Land
Rosemont, Illinois
Location
Rosemont, Illinois
Asset Class
Land
Number of Acres
22
Investment Type
Opportunistic
Year Purchased
2017 / 2023
Rosemont, Illinois
Rosemont Land
Annenberg Investments, in partnership with Development Resources, Inc., purchased 22 acres at the northwest corner of Higgins and Mannheim Roads.
This Property was sold in November 2023.
Woodview Apartments
Deerfield, IL
Location
Deerfield, IL
Asset Class
Multifamily
Number of Units
248
Investment Type
Ground Up Development
Year Purchased
2013 / 2016
Deerfield, IL
Woodview Apartments
Annenberg Investments, in partnership with Moyer Properties and McShane Companies, built and delivered 248 market rate apartments with state of the art amenities. The Property was completed and stabilized in 2015.
The Property was sold in October 2016.
Central Park Apartments
Racine, WI
Location
Racine, WI
Asset Class
Multifamily
Number of Units
48
Investment Type
Value Add
Year Purchased
2018 / 2024
Racine, WI
Central Park Apartments
Annenberg Investments, in partnership with Moyer Properties and LV Property Management, purchased a 48 unit, LIHTC apartment building in Racine, WI. After undergoing an extensive renovation program, the building stabilized and the Partnership secured a long term loan with Freddie Mac.
The Property was sold in January 2025.
877 Torrington
Clinton, South Carolina
Location
Clinton, South Carolina
Asset Class
Industrial
Number of Units
190,192
Investment Type
Opportunistic
Year Purchased
2021 / 2022
Clinton, South Carolina
877 Torrington
Annenberg Investments, in partnership with Farpoint Development, purchased a vacant 190,192 SF industrial building in Clinton, SC. Within six months, the Property was fully leased to Blue Diamond Industries, a subsidiary of Hexatronic Group AB (public). The Property sits on 52 acres of land and the ceiling heights are 24′ clear.
The Property was sold in October 2022.
2525 East Magnolia
Phoenix, Arizona
Location
Phoenix, Arizona
Asset Class
Industrial
Number of Units
34,507 SF
Investment Type
Stabilized
Year Purchased
2003
Phoenix, Arizona
2525 East Magnolia
Annenberg Investments purchased this building vacant and signed a long term lease with A-Z Industries, a national distributor of wire and cable. A-Z has continued to operate out of the building since the building was acquired.
Georgetown Apartments
South Bend, Indiana
Location
South Bend, Indiana
Asset Class
Multifamily
Number of Units
200
Investment Type
Value Add
Year Purchased
2018
South Bend, Indiana
Georgetown Apartments
Annenberg Investments, in partnership with Moyer Properties and LV Property Management, purchased 200 market rate apartments near the University of Notre Dame’s campus. All units have dedicated, enclosed garages and full size washers/dryers. The Property has undergone an extensive renovation during the Partnership’s ownership, including interior renovations, new hallways, parking lot and more.
For more information, please visit: www.georgetown-in.com
Hawthorn Apartments
Somers, Wisconsin
Location
Somers, Wisconsin
Asset Class
Multifamily
Number of Units
241
Investment Type
Ground Up Development
Year Purchased
2020
Somers, Wisconsin
Hawthorn Apartments
Annenberg Investments, in partnership with Moyer Properties and LV Property Management, purchased approximately 22 acres in Somers, Wisconsin and developed 241 market rate apartments. The Property consists of 33 buildings, some of which have tuck-under garages, and a state of the clubhouse with a pool and amenities.
For more information, please visit: www.hawthornapartments.com
The Falls at Pike Creek
Kenosha, Wisconsin
Location
Kenosha, Wisconsin
Asset Class
Multifamily
Number of Units
130
Investment Type
Value Add
Year Purchased
2019
Kenosha, Wisconsin
The Falls at Pike Creek
Annenberg Investments, in partnership with Moyer Properties and LV Property Management, purchased 118 condos out of 168 total known as The Falls at Pike Creek. The Property included 73 garages and an additional 5.03 acres of land. Overtime, the Partnership has purchased additional condos as they come available to total 130. With the additional land, the Partnership built 130 units in two separate buildings known as The Waters at Pike Creek. The Partnership also built a brand new clubhouse with a pool and state of the art amenities to accommodate the whole Property.
For more information, please visit: www.thefallsatpikecreek.com
Park 150
Lombard, Illinois
Location
Lombard, Illinois
Asset Class
Multifamily
Number of Units
215
Investment Type
Value Add
Year Purchased
2021
Lombard, Illinois
Park 150
Annenberg Investments, in partnership with Moyer Properties and LV Property Management, purchased 215 luxury condominiums from the individual owners and collapsed the association creating one property. The property has gone through a full transformation with updated amenities and renovated apartments. New amenities include: a Welcome Lounge, Cyber Café, 2 levels of state of the art fitness, co-working space, dog spa, demonstration kitchen and sports lounge. Outdoor amenities include refurbished pool, dog park, outdoor kitchen and grilling areas. Each apartment includes a washer/dryer and covered parking. The location is a close walk to Metra, shops, cafes and parks.
For more information, please visit: www.park150apartments.com
The Waters at Pike Creek
Kenosha, Wisconsin
Location
Kenosha, Wisconsin
Asset Class
Multifamily
Number of Units
130
Investment Type
Ground Up Development
Year Purchased
2021
Kenosha, Wisconsin
The Waters at Pike Creek
Annenberg Investments, in partnership with Moyer Properties and LV Property Management, purchased 5.03 acres of land in Kenosha, Wisconsin and built The Waters at Pike Creek, a new Class A, market rate, apartment complex. In total, the apartment complex features 130 apartments within 2 residential buildings, tuck-under garages and surface parking. The first building was delivered in Q1 ’23.
An affiliate entity that is controlled by Annenberg Investments, Moyer Properties, and LV Property Management, owns 130 condominiums of the 168 total condominiums in the adjacent complex known as The Falls at Pike Creek. Both complexes share a brand new, state of the art clubhouse with amenities for the entire property.
For more information, please visit: www.thewatersatpikecreek.com
Alys Mill Lofts
Easley, South Carolina
Location
Easley, South Carolina
Asset Class
Multifamily
Number of Units
200
Investment Type
Redevelopment
Year Purchased
2021
Easley, South Carolina
Alys Mill Lofts
Annenberg Investments, in partnership with Farpoint Development and Baum Revision, purchased a 343,686 SF former textile mill on approximately 19.2 acres in Easley, South Carolina. Built in 1924 by Alice Manufacturing, the property is located in Pickens County, nearly equidistant from Downtown Greenville (16 miles) and Clemson University (20 miles). The property’s historical significance and architecture pose a unique opportunity to transform the industrial asset into an apartment redevelopment consisting of 200 apartment units.
Alys Mill Lofts sits directly in an Opportunity Zone with readily available tax incentives. All aspects combined make the property an attractive redevelopment opportunity.
The Property is currently on the market for sale.
3450 Simmons
Waycross, Georgia
Location
Waycross, Georgia
Asset Class
Industrial
Number of Units
217,500 SF
Investment Type
Opportunistic
Year Purchased
2024
Waycross, Georgia
3450 Simmons
Annenberg Investments, in partnership with Farpoint Development, purchased a 217,500 SF industrial building in Waycross, GA. The property was purchased vacant and is currently on the market for both lease and sale. Ceiling heights are 32′ clear. The property has the potential for direct CSX rail accessibility and to expand an additional 100,000 SF.
Clare Meadows Apartments
Franklin, Wisconsin
Location
Franklin, Wisconsin
Asset Class
Multifamily
Number of Units
135
Investment Type
Value Add
Year Purchased
2025
Franklin, Wisconsin
Clare Meadows Apartments
Annenberg Investments, in partnership with Moyer Properties and LV Property Management, purchased a well maintained, 135-unit community designed for adults 55 and over in Franklin, WI. Constructed in 1996, the Property has extended use restrictions in place until December 31, 2027. Once the extended use restrictions expire, the Property will be able to lease at market rents. The Property offers a variety of amenities to enhance residents’ quality of life, including a spacious community room, a chapel, a convenience store, an on-site hair salon, a health room, puzzle and game rooms, heated underground parking, and more.
For more information, please visit: www.claremeadows.com