1501 E. Wilson Street

Project Size

106,000 SF

Project Type

Acquisition and Building Addition

Opportunity

Midwest acquired a newer and very functional building in a solid market with a growing credit tenant.

Value Added

• Increased anchor tenant’s space by adding onto the property in exchange for a long-term lease commitment.

• Converted anchor tenant’s lease from gross to net.
  
• Managed all construction of the 26,000 SF building addition.
  
• Refinanced property with a long-term, non-recourse loan upon completion of construction.
  
• Further expanded anchor tenant into the entire building and extended their lease 11 more years.