7400 W. 100th Place, Bridgeview, IL

Project Size: 156,000 SF

Project Type: Acquisition Sale-Leaseback

Opportunity: Midwest acquired a well located, partially leased, infill asset on a large land parcel that required repositioning.  The acquisition was at a favorable basis and included a new roof.

Value Added:

  • Structured sale and partial building leaseback in order to give Midwest income and flexibility to find a long term tenant
  • Secured new long term tenant
  • Completed total renovation of new tenant’s space
  • Midwest secured a major property tax reduction that allowed for higher NOI
  • Relocated part of long term tenant’s premises to allow extra land to be subdivided and retained by Midwest at building sale which is now cash flowing.