5201 Thatcher Road, Downers Grove, IL
Project Size: 45,000 SF
Project Type: Acquisition of Mostly Vacant Multi-Tenant Building
Opportunity: Midwest acquired the functional, well located property at an attractive basis from one of Midwest’s relationship lenders who had foreclosed on the property
Value Added:
- Completed repositioned and modernized the property by completing major improvements to the exterior façade, parking lot, landscaping, roof and interior suites
- Completely stabilized the tenancy within 18 months of acquisition through hands on, active management and leasing including sourcing six new tenants and extending the leases of other legacy tenants