{"id":1004129346,"date":"2015-10-14T05:44:23","date_gmt":"2015-10-14T13:44:23","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004129346"},"modified":"2020-05-12T00:29:51","modified_gmt":"2020-05-12T08:29:51","slug":"equus-grabs-iconic-naperville-office-building","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/equus-grabs-iconic-naperville-office-building\/","title":{"rendered":"Equus Grabs Iconic Naperville Office Building"},"content":{"rendered":"<p><em>By Ioana Neamt, Associate Editor<\/em><\/p>\n<div id=\"attachment_1004129347\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/metrowest.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004129347\" data-attachment-id=\"1004129347\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/equus-grabs-iconic-naperville-office-building\/metrowest\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/metrowest.jpg\" data-orig-size=\"646,420\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"metrowest\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/metrowest.jpg?w=646\" class=\"wp-image-1004129347 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/metrowest.jpg\" alt=\"MetroWest\" width=\"300\" height=\"195\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/metrowest.jpg 646w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/metrowest.jpg?resize=300,195 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004129347\" class=\"wp-caption-text\">MetroWest<\/p><\/div>\n<p>Philadelphia-based <a href=\"https:\/\/www.equuspartners.com\/\" rel=\"nofollow\" target=\"_blank\">Equus Capital Partners<\/a> recently announced that an affiliate purchased MetroWest, an office building designed by renowned German architect Helmut Jahn in Naperville, Ill. The company bought the asset from a joint venture between <a href=\"https:\/\/franklinpartners.net\/\" rel=\"nofollow\" target=\"_blank\">Franklin Partners LLC<\/a> and <a href=\"https:\/\/www.bixbybridgecapital.com\/\" rel=\"nofollow\" target=\"_blank\">Bixby Bridge Capital LLC<\/a>, for about $33 million, according to <a href=\"https:\/\/www.chicagobusiness.com\/realestate\/20150805\/CRED03\/150809947\/helmut-jahn-designed-naperville-office-building-selling-for-33-million\" rel=\"nofollow\" target=\"_blank\">Crain\u2019s Chicago Business<\/a>. The 29-year-old building at 55 Shuman Blvd. was 92 percent occupied at the time of sale.<\/p>\n<p>A <a href=\"https:\/\/www.cbrecapitalmarkets.com\/EN\/Pages\/Home.aspx\" rel=\"nofollow\" target=\"_blank\">CBRE Capital Markets<\/a> \u2013 Institutional Properties team consisting of Paul Lundstedt, Dan Deuter, Tom Sitz, and Cody Huntermark represented the seller in the deal. The acquisition was made on behalf of Equus Investment Partnership X\u2014a discretionary fund managed by Equus\u2014and marks the partnership\u2019s second commercial investment.<\/p>\n<p>Designed by Jahn in a distinctive \u2018N\u2019 shape, the 10-story MetroWest building incorporates a two-story lobby, floor plates ranging from 17,000 to 23,000 square feet, an outdoor putting green, front patio, fitness center, and conference room, among other amenities. The property also includes close to 600 parking spaces, as well as a 24-stall underground executive parking garage.<\/p>\n<p>MetroWest is conveniently located adjacent to the I-88, as well as to various retail and hotel destinations in the area. Downtown Naperville\u2019s commercial district is also less than three miles away from the site.<\/p>\n<p>\u201cMetroWest is a highly visible iconic building with great amenities and access to all that Naperville has to offer,\u201d Matthew Latimer, vice president of Equus, said. \u201cThe property has a higher level of recognition within the metropolitan Chicago than most office buildings in the CBD.\u201d<\/p>\n<p><em>Image courtesy of Equus Capital Partners<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Equus Capital Partners has acquired an iconic Helmut Jahn-designed office building in the Chicago metro.<\/p>\n","protected":false},"author":192,"featured_media":1004129347,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21743,21783,21747],"tags":[],"class_list":["post-1004129346","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-deals","category-investment","category-office"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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