1600 Downs Drive, West Chicago, IL

Project Size:         79,000 SF

Project Type:       Acquisition Multi-Tenant Building

Opportunity:      Midwest acquired an 80% vacant, functional, multi-tenant property at a favorable basis that had recently been foreclosed on by the lender.

Value Added:

  • Closed all cash
  • Managed all facets of a substantial building renovation and repositioning including the installation of a new Class IV fire suppression system as well as various exterior and interior office and warehouse improvements to make the property market ready
  • Managed all design, permitting and build-out needed to stabilize the tenancy and secure seven new tenants for the vacant spaces
  • Occupancy rate has remained steady at 90%+ since 2014