Evanston Metro Center
FD Stonewater purchased this 155,500 square foot, Class A, transit-oriented building in December 2016. The asset and adjacent development parcel are located in a strong Chicago suburb and college town. The asset immediately underwent a $1 million capital plan including cosmetic renovations to the lobby, adding a new tenant lounge, outdoor amenities, conference center, yoga room, and bike room. Within nine months of acquisition, occupancy increased from 78% to 100%.
DEAL INFOAcquisition Date: December 2016
Occupancy: Multi-tenant Value Add
No. of Buildings: 1
Square Feet: 155,652 SF
Tenant Sampling: Accuity, Northwestern University, Ansys, Northshore