(Oakbrook Terrace, IL) – Cawley Chicago is pleased to announce the recapitalization of 2570 & 2580 Foxfield Road in St. Charles, Illinois. The Cawley Chicago Capital Markets Division comprised of Brian Nagle, Senior Executive Vice President and Tony Russo, Principal represented the overall ownership group in the recapitalization. The recapitalization resulted in a new first mortgage loan from a nationally recognized bank.
St. Charles Executive Center is comprised of two nearly identical office buildings, each having approximately 37,000 square feet. Cawley Chicago Office Leasing team executed the plan in bringing the buildings above 85% leased. The buildings are currently leased to a mix of local and regional tenants. Cawley Chicago will retain the leasing and management of St. Charles Executive Center.
Recently completed in 2000 and 2001, 2570 and 2580 Foxfield Road are considered two of the top office buildings in the St. Charles subset of the greater East/West office submarket of metropolitan Chicago. The buildings are three-stories with two-story atriums providing a true Class A image. Situated on nearly four acres of land, St. Charles Executive Center provides a serene corporate environment, complete with outdoor landscaped eating area.
St. Charles Executive Center is located just west of Kirk Road and approximately one-quarter mile north of North Avenue. The area surrounding the Kirk Road and North Avenue intersection contains the highest concentration of commercial space in this submarket. Access to 2570 and 2580 Foxfield is excellent and the location is considered the prime corridor for office space in the “Tri-Cities” submarket.
Cawley Chicago will continue to provide leasing and property management services to 2570 and 2580 Foxfield Road.