FD Stonewater Acquires Single-tenant Asset in Suburban Chicago

Arlington, VA - FD Stonewater announced today it has completed the acquisition of a single-tenant property located in Cantera, a 650-acre mixed-use commercial development in Warrenville, IL. The Class A building consists of 136,000 square feet of office space on 19 acres of land with an above-market parking ratio. The building is fully leased to a subsidiary of a top Global Fortune 500 company and is replete with a high-tech creative office build-out.

FD Stonewater has a long track record of successful investment and advisory strategies in Chicagoland. Nationally, the company has completed over $467 million of property acquisitions and development. Regarding the Cantera transaction, David Stade, a Principal at FD Stonewater, commented, "Within four years, as the current lease expiration approaches, we expect to reposition the property for sale to an owner/user or lease to a tenant who wishes to take advantage of the state-of-the-art facility, a parking ratio of more than 5/1,000 square feet, and excellent freeway visibility."

About FD Stonewater

FD Stonewater is a boutique real estate development, investment, advisory and brokerage firm based in Arlington, Va., with an office in Los Angeles. The company has a track record of more than $10 billion in investment, advisory, and development deals and has completed over 40 million square feet of lease transactions.