1600 Fleetwood Drive, Elgin, IL

Project Size:         246,000 SF on 22 acres

Project Type:       Acquisition of Vacant Headquarters Building

Opportunity:      Midwest acquired a functional, single tenant, headquarters style, vacant property that had an extra land component for future development at an attractive basis from a corporate seller

Value Added:

  • Secured a long-term lease with an anchor tenant for 75% of the building just prior to closing on the property
  • Managed all facets of the multi-million dollar renovation and repositioning to convert the building to multi-tenant occupancy including demolition, new roof, parking lot, expanded parking area and extensive interior renovations.
  • Started the subdivision, engineering and permitting process to separate the western +/-7 acres of land as a standalone parcel for future development