Acquisition and Major Repositioning of Single-Tenant Building
Midwest acquired the well-located, functional property in a highly desired submarket that had a short-term lease in place along with significant deferred maintenance issues.
- Completed all acquisition due diligence in a compressed three-week timeframe.
- Secured a new long-term corporate headquarters and high-tech manufacturing lease with a credit tenant and minimal occupancy downtime.
- Managed the complex design, permitting, and construction process for $9 million worth of landlord and tenant improvement work.
- Repositioned and modernized the property in the marketplace by installing a new architectural metal entry façade and loading area improvements as well as a new roof system and parking lot.