November 2021

TLP-FIDES, LLC has acquired a 100,000 square foot mixed-use building in downtown Libertyville, IL.  Formerly known as Manchester Square, the property contains 25,000 square feet of commercial space, 34 large luxury apartments and a 36-space heated parking garage.  The property has an A+ location within steps of a Metra train station and offers numerous restaurants and shops at its doorstep as evidenced by a walk score of 86.  TLP-FIDES plans to upgrade and refresh the common areas, lower operating expenses, rebrand and remarket the property, and lease the remaining vacant commercial space.   The purchase represents a hands-on value add investment with a tremendous amount of upside.