Tryperion Holdings Purchases Mid America Plaza Office Complex From Equus Capital Partners For $59M

Mid America Plaza is a two-building office complex located at 1 & 2 Mid America Plaza in Oakbrook Terrace, Illinois. The total square footage of the property is 413,000, and it was sold for $59,000,000. The property is currently 87% leased, with a weighted average lease term of 6.5 years.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $59,000,000
• Address: 1 & 2 Mid America Plaza
• Market: Oakbrook Terrace
• Asset Size: 413,000 SF
• Price Per Square Foot: $143
• Buyer: Jeffrey Karsh - Tryperion Holdings
• Seller: Stephen M. Spaeder - Equus Capital Partners
• Brokers: Patrick Shields, Sam DiFrancesca, Jaime Fink & Bruce Miller - JLL
• Lender: CNA Financial
• Loan Amount: $36.6 million

This transaction involved Jeffrey Karsh representing Tryperion Holdings and Stephen M. Spaeder representing Equus Capital Partners. The deal was facilitated by brokers Patrick Shields, Sam DiFrancesca, Jaime Fink, and Bruce Miller from JLL, indicating a coordinated effort in the property’s sale amidst a challenging suburban office market.