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Bixby Bridge/Franklin JV Buys Naperville Office Bldg. for $16M

MetroWest Changes Hands After Owner Defaults on Loan
By Laurie Forbes
August 17, 2011 | 4:17 AM

Bixby Bridge Capital and Franklin Partners purchased the property known as MetroWest in Naperville, IL, for approximately $73 per square foot or $16 million through a deed-in-lieu of foreclosure. Boston-based GID Investment LLC, the former owner of the 205,000-square-foot office building at 55 Shuman Blvd., defaulted on a $23.5 million loan.

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