1600 Shore Road, Naperville, IL
Project Size: 45,000 SF
Project Type: Acquisition of Partially Leased Multi-Tenant Building
Opportunity: Midwest acquired the functional, well located property at an attractive basis from a private investor who had been undermanaging the property
Value Added:
- Repositioned and modernized the property in the marketplace by upgrading the exterior façade, parking lot and landscaping, installing a new roof and HVAC, curing the deferred maintenance and renovating the vacant suites to be market ready
- Completely stabilized the tenancy within 9 months of acquisition through hands on, active management and leasing including multiple lease renewals and securing four new quality tenants