Everest Partners

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Properties

Residential & Mixed Use

Commercial

Rice Building

815 West Van Buren
Chicago, Illinois

This 75,000 square foot commercial office building with first floor retail was successfully repositioned following its purchase at an FDIC auction. Upon its acquisition, the property was 60% vacant and suffered from numerous code violations. After a substantial investment to correct the violations and upgrade the mechanical systems, the occupancy rate at this self-managed and leased property has increased by 50%.