1000 W. Crossroads Pkwy, Bolingbrook, IL

Project Size:         72,000 SF

Project Type:       Acquisition Multi-Tenant Flex Building

Opportunity:      Midwest acquired a 67% vacant, recently developed, multi-tenant property at a substantial discount to replacement cost.  The property had been recently foreclosed on by the construction lender, lacked perpetual access due to expired access agreements and was over 60% raw shell building space.

Value Added:

  • Closed all cash
  • Secured proper utility and access agreements to the property during the due diligence period though a laborious negotiation process with multiple parties
  • Brought stability and revitalization to the property by evicting a defaulted tenant , extending and expanding other tenants leases, and securing multiple new tenants at the property within one year of closing
  • Have maintained 90%+ occupancy since initial stabilization
  • Managed all design, permitting and build-out processes for five different tenant requirements