5201 Thatcher Road, Downers Grove, IL

Project Size:         45,000 SF

Project Type:       Acquisition of Mostly Vacant Multi-Tenant Building

Opportunity:      Midwest acquired the functional, well located property at an attractive basis from one of Midwest’s relationship lenders who had foreclosed on the property

Value Added:

  • Completed repositioned and modernized the property by completing major improvements to the exterior façade, parking lot, landscaping, roof and interior suites
  • Completely stabilized the tenancy within 18 months of acquisition through hands on, active management and leasing including sourcing six new tenants and extending the leases of other legacy tenants