1501 E. Wilson Street, Batavia, IL

Project Size: 106,000 SF

Project Type: Acquisition and Building Addition

Opportunity: Midwest acquired a newer and very functional building in  a solid market with a growing credit tenant.

Value Added:

  • Increased anchor tenant’s space by adding onto the property in exchange for a long-term lease commitment
  • Converted anchor tenant’s lease from gross to net
  • Managed all construction of the 26,000 SF building addition
  • Refinanced property with a long term, non-recourse loan upon completion of construction
  • Further expanded anchor tenant into the entire building and extended their lease 11 more years