{"id":1004164213,"date":"2017-01-17T09:57:10","date_gmt":"2017-01-17T17:57:10","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004164213"},"modified":"2022-12-09T02:25:02","modified_gmt":"2022-12-09T10:25:02","slug":"fd-stonewater-acquires-30m-chicago-office-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/fd-stonewater-acquires-30m-chicago-office-asset\/","title":{"rendered":"FD Stonewater Acquires $30M Chicago Office Asset"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004164260\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/1007-Church-St.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004164260\" data-attachment-id=\"1004164260\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/fd-stonewater-acquires-30m-chicago-office-asset\/1007-church-st\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/1007-Church-St.jpg\" data-orig-size=\"640,512\" 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=\"1007 Church St.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;1007 Church St.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/1007-Church-St.jpg?w=640\" class=\"wp-image-1004164260 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/1007-Church-St.jpg\" alt=\"1007 Church St.\" width=\"300\" height=\"240\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/1007-Church-St.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/1007-Church-St.jpg?resize=300,240 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004164260\" class=\"wp-caption-text\">1007 Church St.<\/p><\/div>\n<p><strong>Chicago<\/strong>\u2014FD Stonewater has acquired 1007 Church St. in Evanston, Ill., from Farbman Group. Renamed Evanston MetroCenter, the Class A, 164,845-square-foot, multi-tenant office building sold for $30 million, according to <em>Yardi Matrix<\/em>.\u00a0Built in 1984, the eight-story property was designed by renowned architect Helmut Jahn.<\/p>\n<p>There are plans to enhance the tenant experience through physical building improvements, expanded tenant services and cosmetic upgrades. The acquisition includes on-site expansion potential. Located one block from the Davis Street Metro Station and 13 miles from Chicago&#8217;s central business district, the property was 79 percent leased at the time of acquisition and includes tenants in education, technology and health care.<\/p>\n<p>&#8220;Evanston MetroCenter is one of only a few office buildings in all of Chicagoland&#8217;s suburbs that offers superior access to mass transit, dozens of walkable amenities and abundant\u00a0parking in such a vibrant environment,&#8221; Andrew Schwartzman, principal &amp; head of Acquisitions for FD Stonewater, said in prepared remarks. &#8220;We plan to restore the property&#8217;s stature as a true Class A office building in Evanston with one of the most unique amenity bases in the market.&#8221;<\/p>\n<p><em>Image courtesy of Yardi Matrix\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The property was 79 percent leased at the time of sale and includes tenants in the education, technology and health care sectors.<\/p>\n","protected":false},"author":746,"featured_media":1004164260,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21743,13,21742,21747],"tags":[33491,32785],"class_list":["post-1004164213","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-deals","category-midwest","category-latest","category-office","tag-fd-stonewater","tag-yardi-matrix"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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