Press Releases

EQUUS ACQUIRES ICONIC METROWEST BUILDING IN NAPERVILLE, ILLINOIS

<html xmlns="http://www.w3.org/1999/xhtml"> <head></head> <body> <p><img src="/media/e4b22be8-f666-4251-9826-3d5fe8e2ee93/@MetroWest_Press Release/F_03--Building Exterior - Press Release_jpg" /></p> <p><strong>Naperville, IL – (September 23, 2015) –</strong> Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading private equity real estate fund managers, announced today that an affiliate has acquired Naperville’s iconic MetroWest building. The property, located at 55 Shuman Boulevard, Naperville, Illinois, was 92 percent occupied at the time on closing.</p> <p>Paul Lundstedt, Dan Deuter, Tom Sitz, and Cody Huntermark of CBRE’s Capital Markets - Institutional Properties in Chicago, Illinois, represented the seller, a joint venture between Franklin Partners, LLC and Bixby Bridge Capital, LLC.</p> <p>Built in 1986 and situated on 11.36 acres, MetroWest was designed by internationally renowned German-American architect Helmut Jahn and is well-known in the area due to its high-visibility and its distinctive “N” design. Having been renovated by the seller in 2013, the building features a large, two-story lobby featuring a plethora of natural lighting as a result of its nearly floor-to-ceiling windows, showcasing recent cosmetic upgrades and polished steel finishes. The 10-story office building offers floor plates ranging from 17,000 to 23,000 square-feet and four exterior balconies available on most floors. On-site amenities include, an expansive front patio, outdoor putting green, a large fitness center, deli, conference room, and ample parking which include approximately 598 surface parking spaces and a 24-stall underground executive parking garage, giving the building a parking ratio of approximately 3.2 spaces per 1,000 square-feet.</p> <p>MetroWest is located adjacent to the south side of Interstate 88 at the northwest corner of Washington Street and Shuman Boulevard. The property is conveniently positioned between two 4-way interchanges, each approximately one mile from the property, providing outstanding visibility with more than 900 lineal feet of direct highway frontage and over 135,000 vehicles passing daily, as I-88 is the major expressway connecting the western suburbs of Chicago with downtown Chicago. There are numerous retail and hotel amenities within the immediate area along I-88 as well as the thriving commercial district of downtown Naperville located less than three miles south of the property.</p> <p>“MetroWest is a highly visible iconic building with great amenities and access to all that Naperville has to offer. The property has a higher level of recognition within the metropolitan Chicago than most office buildings in the CBD,” commented Matthew Latimer, Vice President of Equus, who oversaw the transaction for the firm. Mr. Latimer is based in the firm’s Chicago office.&#160;</p> <p>This acquisition was made on behalf of Equus Investment Partnership X, L.P., a discretionary fund managed by Equus, and marks the Fund’s second commercial investment. Affiliates of Equus also own Tallgrass Corporate Center, a 548,100 square-foot office facility, in the Chicago area.</p> <p><strong>About Equus Capital Partners, Ltd. <br /> </strong>Equus Capital Partners, Ltd. (“Equus”), is one of the nation’s leading private equity real estate fund managers. Equus’ portfolio consists of over 24 million square feet of office, retail, and industrial properties and nearly 13,000 apartment units in over 50 multi-family communities located throughout the United States. The firm is headquartered in the Philadelphia area, with a principal office in Yardley, PA, and with offices in Philadelphia, Los Angeles, Chicago, Washington D.C., Boston, Atlanta, and Raleigh-Durham. For additional information, please visit the company’s website at <a href="http://www.equuspartners.com/">www.equuspartners.com</a>.</p> <p><strong>For additional information about the company, please contact:</strong><br />Joseph G. Nahas, Jr., Senior Vice President<br />(215) 575-2363 or visit <a href="http://www.equuspartners.com/">www.equuspartners.com</a></p> <p><strong>For additional information about the property, please contact: <br /> </strong> Matthew Latimer, Vice President<br />(312) 673-3390 or <a href="mailto:mlatimer@equuspartners.com">mlatimer@equuspartners.com</a></p> </body> </html>