Annual Archive

 

CLK Buys Edgewater/Uptown Portfolio

July 19th, 2016

Edgewater and Uptown Chicago Apartment Buildings

CLK Properties has acquired 6 residential properties in the Edgewater and Uptown communities of Chicago.

These Chicago apartment buildings are located at 5051 and 6134 N Kemore, 5711 and 5718 N Winthrop, 4875 N Magnolia and 1325 W Wilson, include 435 residential units plus retail space.  All 6 Chicago apartment buildings received a complete renovation including modern unit finishes and common areas with a modern/vintage charm.

Craig Koenigsberg, CLK’s CEO, was attracted to these assets for their strong locations within two established, vibrant and ever evolving community areas…

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CLK Buys N Elaine Place Apartment Buildings

June 15th, 2015

Above: 3419-3431 1/2 North Elaine Pl – One of Nine Buildings Acquired by CLK

CLK Properties has acquired a nine-building apartment portfolio in Chicago.

The buildings, which encompass 175 residential units, are all situated on N. Elaine Place in Chicago’s highly desirable Lakeview submarket.

CLK CEO Craig Koenigsberg commented “We are extremely excited about this acquisition.  In addition to offering an excellent location for renters, we will offer large, fully renovated units with high-end finishes and in-unit laundry facilities.  These properties will offer a truly unique living experience in this market.”

Chicago has been a growth target market for CLK  and Mr. Koenigsberg…

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CLK Buys 3501 N Pine Grove

May 12th, 2015

CLK Properties has purchased 3501 N Pine Grove in Chicago, IL.

Its twelfth acquisition in Chicago in the past twelve months, the property consists of a 16-unit, vintage residential building in the highly sought after Lakeview submarket.

 

Craig Koenigsberg, CEO of CLK Properties, stated “Pine Grove is a welcome addition to our growing portfolio of residential property in Chicago.  Being in this very desirable neighborhood of Chicago, our residents have easy access to all that Chicago has to offer, including close access to The Loop, beaches, shopping, dinging and entertainment.”

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CLK Properties…

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CLK Expands in Chicago with N Milwaukee

January 20th, 2015

CLK Properties has acquired 2934 N Milwaukee, a two-story vintage mixed-use building constructed in 1917 and extensively renovated in 2005.

Located in the Logan Square submarket of Chicago, the property consists of 13 beautifully renovated, loft style, residential units and approximately 12,000 square feet of commercial space.

Craig Koenigsberg, CLK’s CEO, was attracted not only to this asset’s aesthetics and highly desirable floorplans and finishes, but also to the submarket’s short commute times to the major employment centers within the Loop and multiple public and private transit options.

With respect to Logan Square, Mr. Koenigsberg commented “The eclectic atmosphere and vibrant arts and entertainment scene gives the…

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CLK Closes on 2904 W Belmont, Chicago

January 2nd, 2015

CLK Properties has kicked off 2015 with its first acquisition for the year.

2904 W Belmont is a 21 unit residential property completed in 2008 and is located in the Avondale submarket of Chicago.  Initially intended as a condominium project, residents benefit from a high-grade level of finish and large floorplans.

In considering acquisitions in Chicago, CLK CEO Craig Koenigsberg always focuses on location and proximity to public transportation and downtown access.  “2904 W Belmont offered a great opportunity to acquire new, condo-grade construction in a submarket that meets our criteria for transportation and access to neighborhood amenities,” commented Mr. Koenigsberg.

To learn more about this property,…

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CLK Acquires Rogers Park Condos

December 20th, 2014

CLK Properties acquired 15 condominium units and approximately 5,000 square feet of  retail space at 6351 N. Lakewood in the Rogers Park submarket of Chicago.

The property, which contains a total of 25 condo units and 6 retail spaces, is a charming 3-story, 1920’s vintage brick structure.

“We were particularly attracted to this opportunity due to its unique location,” commented Craig Koenigsberg, CLK’s CEO.

“It’s within walking distance of Loyola University, two CTA Red Line railway stations, and Loyola Park and Beach which provide a combination of green space and beach access that is unique within the densely packed urban core.”

CLK continues its mission…

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CLK Grows in Chicago with 1412 W. Morse

October 3rd, 2014

CLK Properties continues its targeted expansion in Chicago with its latest acquisition on 1412 W. Morse.

The property contains sixteen spacious two bedroom, two bath apartments which were originally built as condos in 2008.  The units feature large open layouts with stunning condo-grade appointments, gas fireplaces and balconies.  The building also has a roof deck, on-site parking as well as a neighborhood dining establishment on the ground floor.

“I was drawn to this asset due to the large, updated floorplans and the building’s proximity…

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CLK Buys 3348 W. Wilson, Chicago

September 10th, 2014

CLK Properties closed on its acquisition of 3348 W. Wilson in the Albany Park submarket.

Built in 1926, the property is a charming, courtyard-style apartment building containing thirty-three residential units. Having received a complete condo-grade renovation in 2008, the building provides a high-quality living opportunity for those looking to reside in this desirable Chicago submarket.

“3348 W. Wilson meets all our target property criteria, and allows us to offer an updated living environment within the charm of a vintage-style building that is characteristic of the neighborhood,” commented CLK’s CEO, Craig Koenigsberg.

Mr. Koenigsberg also noted that he plans to significantly grow his…

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CLK Acquires Two Chicago Properties

August 28th, 2014

CLK Properties has acquired two apartment properties in Chicago, IL.

The Maynard at 2500 Clybourn is a newly constructed, a 27 unit apartment building with parking garage, is located in Chicago’s Lincoln Park neighborhood.

The Maynard at 7100 Sheridan is a fully renovated, 58 unit apartment building with retail, and is located just feet away from the Lake Michigan shoreline and sits in close proximity to Loyola and Northwestern University campuses.

“These two acquisitions fall well within our acquisition criteria for properties in Chicago, a market in which we have increasing interest in growing our portfolio. We have…

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CLK Acquires Chicago Apartment Building

May 21st, 2014

CLK Properties has acquired a 31 unit apartment building in the Kenwood-Hyde Park historic district of Chicago.

To be named “The Maynard”, this charming 1922 vintage, courtyard-style building, received a complete upgrade package in 2013, including all new unit interiors and building systems, making it a highly desirable choice for renters in this growing submarket of the city.

Craig Koenigsberg, CLK’s President and CEO commented, “We consider Chicago to be one of our top target-acquisition cities, particularly submarkets like Hyde Park and properties North of the business district up to Evanston, where demand and demographics have shown solid growth and strong…

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CLK Buys Midtown Memphis Highrise

April 23rd, 2014

CLK Properties has acquired The Pinnacle Apartments located at 305 S Bellevue Blvd, Memphis, TN.

The property is an 18 story high-rise apartment tower in Memphis’ Midtown submarket and contains 118 one and two bedroom, residential units which boast some of the best views available in the area.

According to Craig Koenigsberg, CLK’s CEO, this property will greatly benefit from a heightened level of management and will become a highly desirable living destination in the ever-evolving Midtown area.

“We are extremely pleased with the developments occurring in Midtown. The Pinnacle, with its close proximity to Methodist University Hospital system, downtown and area…

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CLK Acquires Atlanta Area Triple-Net Retail

April 11th, 2014

CLK Properties has acquired a triple-net retail site in Kennesaw, GA which sits 23 miles northwest of downtown Atlanta.

The 5,630 square foot building, occupied by Fuddruckers restaurant, is located just off of E.W. Barrett Parkway at the entrance of the Town Center at Cobb Mall which is conveniently situated at the fork of I75 and I575.

CLK’s CEO, Craig Koenigsberg, was attracted to the site due to its highly trafficked, easily accessible location and strong overall market demographics.

CLK Properties is a privately held, diversified real estate investment and asset management company based in Woodbury, NY. For more information,…

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CLK Buys Georgian Woods, Memphis, TN

March 17th, 2014

Woodbury, NY based CLK Properties has acquired Georgian Woods Apartments in Memphis, TN.

With its lush and maturely landscaped grounds and excellent midtown location, Georgian Woods is a welcome addition to CLK’s significant multifamily presence in the Memphis market.
Located on the highly trafficked Union Avenue, CLK considers this asset to be a gem which, with their high level of management expertise, will prove to be a solid performer in their portfolio and provide a quality living experience for those choosing to live in this increasingly popular part of the city.

“We love this location!” commented Craig Koenigsberg, CEO of CLK Properties….

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CLK Wins Best of San Angelo

December 11th, 2013

Creekside Apartments, a valued component of the CLK Properties multifamily platform, was selected as Best of San Angelo for 2013, a prestigious honor bestowed upon “best in class” apartment communities in the San Angelo, TX market.

“Creekside is a solid performer for our portfolio,” commented Craig Koenigsberg, CEO of CLK Properties. “I credit our on-site management team and our overall commitment to customer service and maintenance for this success. I am thankful to the San Angelo Award Program for recognizing our efforts and we are proud to be part of such a wonderful community.”

For the full press release, click…

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CLK Acquires Sycamore Lake, Memphis, TN

October 1st, 2013

CLK Properties has acquired Sycamore Lake Apartments, a 357 unit garden style community located in northeast Memphis in close proximity to the highly desirable suburb of Bartlett.

CLK is a national owner/operator of multifamily and commercial properties and is an active investor in the Memphis market.

CEO Craig Koenigsberg commented “the acquisition of Sycamore Lake further bolsters our presence in Memphis, a market in which we have a long history of apartment ownership and management  via our locally based CLK Multifamily Management LLC .  We see a great opportunity to apply our  skills in tapping unrealized potential at this asset.”

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CLK Acquires 972 Units in Memphis, TN

April 8th, 2013

CLK Longview, a joint venture of CLK Properties and RCG Longview, has acquired Country Squire Apartments, a 972 unit apartment complex in the Shelby Farms submarket of Memphis, TN from an affiliate of Memphis based Fogelman Properties.

Sitting on approximately 83 acres at the corner of Walnut Grove Road and Germantown Parkway, the community is a Memphis landmark, with excellent visibility and accessibility. The property offers a “resort-like” amenity package, including the largest clubhouse in the submarket, six swimming pools, a renovated and expanded fitness center, two racquetball courts, a business center, and three tennis courts.

Craig Koenigsberg, principal of CLK…

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CLK Acquires 240 Crossways Park West

November 13th, 2012

Shortly After Purchase, CLK Brings Building to 100% Occupancy.

CLK Commercial Properties recently acquired at auction 240 Crossways Park Drive West, a 26,000-square-foot commercial property in the Crossways Office Park section of Woodbury, NY.  CLK President Craig Koenigsberg made the announcement.

“CLK Properties has been on the lookout for acquisitions that match its existing portfolio of Class A commercial properties in prime submarkets and prime corners throughout Nassau and Suffolk Counties,” said Koenigsberg. “We recognized the value in purchasing 240 Crossways Park Drive West at $63 per square foot. It’s a great piece of real estate in one of Long Island’s…

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Capital improvements at Broadhollow Road

September 24th, 2012

CLK Commercial Properties recently finalized a successful recapitalization and is set to move forward with a series of capital improvements at 300 Broadhollow Road in Melville, NY.  The company has also signed several new leases and a lease expansion at this premier corporate address, which is owned by CLK Commercial Properties and managed by CLK Commercial Management LLC.  CLK President Craig Koenigsberg made the announcement.

“We’re very pleased to be implementing upgrades and improvements at 300 Broadhollow Road and to welcome new tenants,” explained Koenigsberg.  “Our 2.5 million square-foot commercial office portfolio on Long Island, with overall occupancy at 92.3…

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CLK announces 100% occupancy at Broadhollow Road

August 2nd, 2012

CLK Commercial Management recently completed three deals at 534 Broadhollow Road in Melville, NY, bringing the four-story Class A commercial property to full occupancy. David Glaser, Director of Commercial Management for CLK Commercial Management, made the announcement.

“This is an important milestone for CLK and for the 110 business corridor,” he explained. “Despite the relatively soft western Suffolk office market, we’re seeing an increase in leasing activity at our Melville properties. Demand is picking up in the area and that’s reflected at 534 Broadhollow Road, which is 100 percent occupied, as well as other CLK-owned properties in the area, including…

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300 Broadhollow Road – Recapitalization and Ownership Restructuring

May 17th, 2012

CLK Commercial Properties is proud to announce the completion of ownership restructuring at 300 Broadhollow Road.  This prime commercial property is now:
  • Wholly owned and controlled by CLK Commercial Properties
  • Wholly managed by CLK Commercial Mgmt LLC
  • Undergoing new capital improvements

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Click to view property details.

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