Marcel Arsenault Of Real Capital Solutions Acquires Office Building In Naperville For Under $32.5M

The property involved in this transaction is a suburban office building located at 55 Shuman Boulevard in Naperville. The asset spans 207,714 square feet and is noted for having a significant vacancy rate, with over 32% of the space unoccupied. The acquisition is expected to occur below the seller’s purchase price of $32.5 million from 2015, reflecting the current market conditions affecting suburban office properties.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Below $32.5 million
• Buyer: Marcel Arsenault - Real Capital Solutions (RCS)
• Seller: Stephen M. Spaeder - Equus Capital Partners
• Market: Naperville
• Square Footage: 207,714
• Vacancy Rate: Over 32%

Marcel Arsenault represents Real Capital Solutions (RCS), which is under contract to acquire the MetroWest property. Stephen M. Spaeder represents Equus Capital Partners in this transaction. Real Capital Solutions aims to continue its strategy of purchasing undervalued office assets, as indicated in their recent activities and acquisitions.