SOURCE: WexTrust Capital, LLC

December 19, 2007 11:53 ET

WexTrust Capital Acquires Peoria Office Building

CHICAGO, IL--(Marketwire - December 19, 2007) - WexTrust Capital, a global private equity and specialty finance company, announced today that is has acquired a 211,327 square feet office building at 124 SW Adams Street in Peoria, Ill. from Alcock Development Co. for $14.75 million.

Adjacent to Caterpillar's corporate headquarters in Peoria's central business district, the property is currently 97 percent occupied with tenants including Caterpillar Inc. (NYSE: CAT), JP Morgan Chase & Co. (NYSE: JPM), and Illinois American Water, a subsidiary of American Water Works Company, Inc. It is also located one block from the Peoria County Courthouse and near city hall, which historically has generated demand from law firms, government affiliated tenants, and financial service firms.

"With its central location, excellent transportation infrastructure and the presence of global corporations like Caterpillar, Peoria is an excellent place to do business," said Matt Gurvey, investment advisor for WexTrust Capital. "We believe 124 SW Adams is among the best office space in the city in terms of location and overall appeal. WexTrust Capital will make the necessary investments to ensure that the property remains competitive and meets the needs of existing tenants as well as new ones."

Since 2000, 124 SW Adams has received approximately $1.9 million in capital improvements. Most recent improvements include a new roof, a new chiller, two new boilers, new restrooms and a renovation to the lobby.

Located equal distance between Chicago and St. Louis, Peoria has a population of 130,000. The metro-area has a population of 350,000 and is accessible through Interstate 74 and 474. Top employers in the area include Caterpillar, Illinois Central College, Keystone Steel & Wire Co., Morton Metal Craft Company, Methodist Medical Center, XPAC and OSF Saint Francis Medical Center.

About WexTrust Capital

WexTrust Capital is a globally diversified private equity and specialty finance company with a proven track record for protecting its clients' assets and delivering a superior return-on-investment through its diverse portfolio of principal investments. WexTrust Capital specializes in unique investment opportunities ranging from real estate to specialty finance and investment banking. Headquartered in Chicago, the company also maintains offices in New York, Norfolk, Va., Atlanta, Boca Raton, Fla., Nashville, Tenn., Tel Aviv, Israel, and Johannesburg, South Africa. More information can be found at

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