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Real Capital Solutions has expanded its suburban Chicago office holdings with the acquisition of MetroWest, a 10-story office building in Naperville, Illinois. The property, located at 55 Shuman Blvd., totals 207,714 square feet and traded for $16.1 million. The purchase adds to the buyer’s existing footprint in Naperville, where the firm also owns Naperville Corporate Center.
The seller in the MetroWest transaction was represented by a Newmark capital markets team. Newmark professionals Peter Harwood, Jim Postweiler, Jack Trager and Mary Gilbank advised the seller on the sale of the building. The parties did not disclose additional terms of the transaction beyond the sale price.
MetroWest is currently 67.6% leased and features a diverse tenant roster, according to information provided in connection with the sale. The building’s occupancy contrasts with its prior condition at the time of its last trade in 2015, when it was reported to be nearly fully leased.
The most recent sale price highlights a substantial repricing for the asset relative to its past valuation. MetroWest last changed hands in 2015 for $32.5 million. The new $16.1 million price therefore reflects a meaningful discount to that prior transaction, with the updated pricing attributed to broader capital market pressures.
Real Capital Solutions plans to pursue a targeted leasing and repositioning strategy at MetroWest. The firm intends to focus on leveraging the building’s existing tenant base, remaining vacancy and in-place infrastructure to advance its business plan for the property.
A portion of the property’s vacant space is already configured to support near-term leasing efforts. Approximately 40% of the building’s unleased area consists of modernized or move-in-ready suites, which is expected to facilitate more efficient lease-up efforts compared with shell space requiring full build-out.
The acquisition underscores Real Capital Solutions’ continued interest in Naperville as an office investment market. By adding MetroWest to its local portfolio alongside Naperville Corporate Center, the firm has increased its exposure to a submarket where it is already active and familiar with tenant demand dynamics. The transaction also illustrates how current capital market conditions have led to revised pricing for multi-tenant office assets that are not fully stabilized.
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