Urban Equity purchases Haskell Park Apartments, plans for upgrades

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ROCKFORD, Ill. (WIFR) -- Urban Equity Properties LLC has purchased the Haskell Park Apartments in downtown Rockford.

An affiliate officially purchased the apartments Friday from The Heracles Group LLC .

The Haskell Park Apartments are located at 327 N Church St. It includes 35 residential apartments and several commercial spaces.

Urban Equity plans for more than $400,000 in renovations, which are expected to begin this fall.

Urban Equity's assets now include more than 350 residential and commercial units, including Class-A office spaces and retail storefronts.