218,064 SF on 20 acres
Acquisition of Vacant Headquarters Building
Midwest acquired a Class A headquarters-style, vacant property at an attractive basis from a corporate seller.
- Secured a long-term lease with an anchor tenant for approximately 50% of the building just before closing on the property; subsequently secured a long-term lease for the remainder of the building within 12 months of completion of strategic improvements.
- Negotiated long-term lease in concert with property acquisition, which is a complex effort enabled by the Midwest team’s hands-on approach to acquisitions, lease negotiations, financing, property management, and construction.
- Managed all construction services for the project, including upgrades and major renovations to the office, HVAC systems, dock doors, warehouse, landscaping, paving the parking lot as well as converting the property to multi-tenant use.