Midwest Industrial Funds Announces Recent Acquisitions

ROSEMONT, IL –  December 2016 – Midwest Industrial Funds recently purchased a 158,000 SF multi-tenant building located at 825-845 Hawthorne, West Chicago, IL.  The property features 22’ clear ceilings, 12 loading docks, 170+ car parking, as well as onsite trailer parking.  The property was 50% leased to three tenants at the time of closing.  Midwest Industrial has started major renovation work on the property including installing a new architectural metal panel façade with an LED exterior lighting scheme, new windows, resurfacing the parking lot, landscaping enhancements as well as renovating the interior offices and warehouse available spaces to make them market ready.  Michael J. Androwich Jr. of Lee & Associates represented the seller on the transaction and will be handling leasing on the available spaces for Midwest Industrial.

In a separate and unrelated transaction, Midwest Industrial Funds recently purchased 6.4 acres of development land at 901 Douglas Road, Batavia, IL and is in the design and permitting stage for a 100,000 SF spec building on the property.  The planned spec building features 30’ clear ceilings, 110 car parking, up to 20 exterior docks and office to suit.  Jeff Fischer and Brett Tomfohrde represented the seller on the transaction and are marketing the project for Midwest Industrial.

Justin P. Fierz, a Principal with Midwest Industrial Funds stated, “We are really excited about the Hawthorne acquisition. The functionality of the real estate and our basis will allow us to totally reposition the property in the marketplace with extensive improvements to attract quality tenants.  We are pleased as well to acquire the Batavia development site given the lack of available Class A product in the submarket coupled with the strong current tenant demand.  We are optimistic these two factors will make for a successful development.”