History and Background of Midwest Industrial Funds

  • 1996 – The Principals began collaborating together as industrial real estate brokers at a Chicago area industrial real estate brokerage, investment and development firm.  In addition to quickly becoming two of the firm’s top and most successful brokers, they learned the investment, development and asset management businesses from the firm’s principals who collectively owned and managed approximately 5 million square feet of industrial properties.
  • 2001 – Mr. Fierz and Mr. Androwich’s business and personal relationship continued to grow and they developed their first “spec” building together using 100% of their own equity.  The investment resulted in over a 2.5 times return on equity in a year and a half period.
  • 2002 – The Principals were two of the founding partners of the Lee & Associates Chicago office.  Through their efforts, guidance and help of their partners, the Chicago office grew into a top tier, commercial real estate services firm.
  • 2003 – The Principals formed Midwest Industrial Funds to continue to expand their successful real estate investment, development and asset management business.
  • 2007-2008 – Midwest Industrial Funds sold 335,000 square feet of buildings in four separate transactions totaling nearly $25 million which resulted in a 3.2 times return on equity in advance of the real estate and economic changes that ensued.
  • 2011-2014 – Midwest Industrial Funds was active acquiring 35 acres of development land and a mix of value-add and stabilized buildings totaling over 800,000 square feet through twelve separate transactions and selling $25+ million in assets.
  • 2015-Today– Midwest Industrial Funds continued to be very active acquiring 1.3 million square feet of buildings in Chicagoland and Texas as well as 60+ acres of development land.  They also successfully sponsored, co-invested and raised the capital for a fully discretionary investment fund that is currently being invested. In late 2016, the Principals, Justin Fierz and Mike Androwich, resigned as partners with Lee & Associates to focus solely on the continued growth, management and leadership of Midwest Industrial Funds.