825-841 Hawthorne Lane, West Chicago, IL

Project Size:       158,000 SF

Project Type:     Acquisition and Major Repositioning of Partially Leased Multi-Tenant Building

Opportunity:     Midwest acquired the functional property on a large land site which had significant deferred maintenance and leasing issues from a private seller looking to divest of the property

Value Added:

  • Partnered with the seller’s transaction team to complete multiple leases in order to reach a high enough occupancy to close on the property for the seller’s needed price
  • Completely repositioned and modernized the property by implementing major design and construction improvements including new high image architectural panel façade, new exterior LED site and custom façade accent lighting, new windows, parking lot, concrete curbing and sidewalks, landscaping enhancements and make ready interior improvements
  • Stabilized occupancy within 9 months of acquisition through multiple new leases and lease extensions