1600 Shore Road, Naperville, IL

Project Size:        45,000 SF

Project Type:      Acquisition of Partially Leased Multi-Tenant Building

Opportunity:       Midwest acquired the functional, well located property at an attractive basis from a private investor who had been undermanaging the property

Value Added:

  • Repositioned and modernized the property in the marketplace by upgrading the exterior façade, parking lot and landscaping, installing a new roof and HVAC, curing the deferred maintenance and renovating the vacant suites to be market ready
  • Completely stabilized the tenancy within 9 months of acquisition through hands on, active management and leasing including multiple lease renewals and securing four new quality tenants