144 Tower Drive, Burr Ridge, IL

Project Size:         82,000 SF

Project Type:       Acquisition Single-Tenant Vacant Building

Opportunity:      Midwest acquired a vacant property at an attractive basis in a highly-desired submarket in high end demographic location

Value Added:

  • Closed all cash in just four days from contract signing and two weeks from initial property tour
  • Manage all facets of design, permitting and construction for the ongoing exterior and interior improvements to the building including demolition, spec office and several warehouse improvements
  • Secured the challenging municipal approval of “Class 6b” property tax incentive effectively cutting the taxes by 50% over a twelve-year period
  • Stabilized the tenancy by securing two, quality corporate tenants to long term leases