Near North Side parcelChicago’s on land largest The

1001 NORTH ELSTON , ILLINOIS

Table of Contents

Offering Summary...... 6 Property Highlights...... 7 Site Plan...... 8 Survey...... 9 Site Information...... 10 Property Information...... 12 Market Overview...... 1 6 Demographics...... 20 page 4 page

1001 NORTH ELSTON | CHICAGO, ILLINOIS

ELSTON AVENUE page 5

EXCLUSIVE Agent Agreement

Colliers International has been retained by ownership as exclusive agent to sell (“Seller/Landlord”) 1001 North Elston, Chicago, IL (“property”). Please review, execute and return the “Non-Disclosure Agreement” to receive access to the confidential property information. If you have any questions please feel free to contact us.

Contacts The designated agents for the Seller are: Executive VERNON F. SCHULTZ, SIOR MICHAEL L. SENNER, SIOR Executive Vice President Executive Vice President Summary [email protected] [email protected] DIR +1 847 698 8233 DIR +1 847 698 8234

DOMINIC L. DEROSE Senior Associate [email protected] DIR +1 847 698 8251

COLLIERS INTERNATIONAL Disclaimer

This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excluded unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). © 2015. All rights reserved. page 6 page

1001 NORTH ELSTON | CHICAGO, ILLINOIS MICHAEL L.SENNER,SIOR OFFERING confidentiality agreement. diligence materialspleaseexecute andreturn the attached questions or concerns. Inorder to review of all the relevant due property or aportionof the property withoutduediligencerelated available for apotential purchasers review. Thegoalis to sell the Ownership intends to make of all the relevant duediligencematerials today’s market. Line Lstop.Opportunities of this magnitudeandquality are rare in only 0.3 miles to public transportation via the ChicagoAvenue Blue Street, andisjust2.3 milesfrom TheLoop.Furthermore, the siteis River, the sitebenefits from immediate access toI-94 viaDivision Featuring 6.32 acres withover 1,300 feetoffrontage on the Chicago premiere neighborhoodsaswell as the Central Business District. Side. Theofferingserves asagateway toanumber ofChicago’s opportunity to purchase ahighprofile parcel onChicago’s Near North Colliers Internationalispleased to present anexceptional Instructions FAX +18476988434 DIR +18476988234 [email protected] Executive VicePresident Summary Please submit all offersPlease submitall to: VERNON F. SCHULTZ, SIOR [email protected] Executive VicePresident FAX +18476988433 DIR +18476988233 page 7

PROPERTY Highlights

• 6.32 acres located in an established, desirable gateway location between Wicker Park, Goose Island and River North. • The Property features significant river frontage and a strategic location near I-94 at and the Blue Line L stop. • Currently zoned PMD-2 • Adjacent to youthful, educated and talented work force. • The Property’s suburban location, as well as access to public transportation, expressways, and recreational activities will play a significant role in the success of a future development. • The positive demographic profile of the Property’s market area underlies the Property’s potential for a highly successful development. • Chicago is a major Great Lakes port and the commercial, financial, and industrial center of the Midwest. Its standing as a world-class city is based on the value if its capital markets, diversity of human capital, international information resources, international cultural Property resources, and political influence. A key element of Chicago’s economic strength is its position as a global business center. It is one of the top 10 global financial centers in the world. Recently the city’s economy has begun to turn around as seen in significant gains in Information employment. page 8 page

1001 NORTH ELSTON | CHICAGO, ILLINOIS PROPERTY Site Plan page 9

PROPERTY Survey

Property Information

— Fletcher Jones

— Ogden Materials page 10 page

1001 NORTH ELSTON | CHICAGO, ILLINOIS Rendering / Rendering SITE PLAN DIVISION AND ELSTON, CHICAGO, IL NEW CONSTRUCTION NEW page 11

Rendering / SITE VIEWS

//VIEW 1 Property Information

//VIEW 2 //VIEW 3 //VIEW 4

DIVISION AND ELSTON, CHICAGO, IL VIEW MAP page 12 page

1001 NORTH ELSTON | CHICAGO, ILLINOIS VIEW ATESTIMATED2STORYHEIGHT-TOWARDS NORTH AVE. //VIEW 3 VIEW FROMELSTONAVE. //VIEW 1 Rendering / Rendering SITE VIEWS DIVISION AND ELSTON, CHICAGO, IL VIEW ATESTIMATED2STORYHEIGHT-TOWARDS DOWNTOWN //VIEW 4 VIEW ONELSTONAVE.BYRIVER //VIEW 2 SITE VIEWS page 13

PROPERTY Information

Market Chicago Submarket River West Site Description Property 275,299 Square Feet (6.32 Acres) Information Frontage The Property has frontage on Elston Avenue as well as 1,300 feet of frontage on the .

Real Estate PIN 17-05-413-001-000 (42.3%) 17-05-413-002-000 (43.0%) 17-05-413-151-000 (9.85%)

Current Zone Specifications PMD-2 page 14 page

1001 NORTH ELSTON | CHICAGO, ILLINOIS PROPERTY Aerial

ELSTON AVE AUGUSTA BLVD AUGUSTA page 15 PROPERTY Description

The Subject Property is located at the north east corner of Augusta Boulevard and Elston Avenue in the River West neighborhood of Chicago. This is a mature area with an established mix of uses including midrise residential and retail to the south. Furthermore, this is the largest land site available on the Near North Side of Chicago. The proximity to major expressways, public transportation, along with the Chicago River amenity make the offering attractive to both users and speculators. Please see aerial below.

Market Overview page 16 page

1001 NORTH ELSTON | CHICAGO, ILLINOIS CHICAGO architecture, museums,restaurants, theaters andmusic venues. of lakefront, anexceptional public transportation system, world-class area. TheCBD’s 650,000 employees canenjoy more than 31miles why corporations make the criticaldecision to relocate to the Chicago international futures trading. Ahighquality oflifeplaysakey role in change, account for 80%of the world’s commodity trading and Trade, ChicagoBoard ofOptionsExchange andChicago StockEx exchanges, including the Mercantile Exchange, ChicagoBoard of foreign banksare locatedin the ChicagoCBD.financial in the world’s financial community. Over 300domestic banksand100 Chicago Central Business Districtensure the city aprominent position destination. Corporations andfinancialinstitutionslocatedin the Chicago is the largest market in the Midwest andaglobalbusiness Metropolitan AreaMetropolitan SOURCE: WorldBusinessChicago • • • • GLOBAL ANDDIVERSE ECONOMY • • • THE WORLD’S WORKFORCE

10 FT Global500HQs 10 FT 29 Fortune 500HQs,including7 in the city 28 Fortune 500companies 400+ Major Corporate Headquarters 1,500 foreign-owned firmsinChicagoarea greater10,000 than At least35ethnicgroups withapopulation over people 4million Culturally diverse private-sector labor force of - a myriad ofFortune 500companies andsmaller businesses alike. Chicago –andits downtownthriving 24/7 community –isattractive to coasts. Asaglobal transportation, financialandcultural hubcity, that insulatesChicagofrom the economic upsanddowns of the two industries thrived aswell andcontinue to provide the economic base technology boomof the 1990s, the metropolitan area’s more traditional and technology-based firms.WhileChicagowasastrong force in the kinds,fromall manufacturing-based industries to the servicesector economy makes ituniquely accessible for internationalbusiness of The city’s locationat the geographic center of the world’s largest companies whodobusiness initsfamed CBD,known as“TheLoop.” and the region’s strength iscentered on the leadership of the many Chicago isoneof the world’s most vibrant anddiversified economies, • • • • • • THE GOOD LIFE

two of the world’s Top 10hotels 33,000+ hotelrooms atproperties including winning theatercompanies The only US city withfive Tony Award- restaurants past 5years; and4AAA5-Diamond-rated one 3-star; 10JamesBeard Awards in the 19 Michelin-starred restaurants, including schools Outstanding public,privateandparochial beaches 88 vacation 80 miles(129km)ofpublicshoreline and Affordable cosmopolitan metropolis page 17 CHICAGO Metropolitan Area CONTINUED

INDUSTRY The Chicago CBD submarket has been nationally recognized as the business epicenter of the Midwest and home to many multinational public and private corporations. The top ten Chicago-based Fortune 500 companies are a testament to the strength and diversity of Chicago:

# OF EMPLOYEES COMPANY 2012 REVENUES WORLDWIDE Boeing Co. $81.7 B 174,000 Walgreen Co. $71.6 B 240,000 Abbott Laboratories $39.9 B 91,000 Market Sears Holdings Corp. $39.9 B 246,000 Overview United Continental Holdings Inc. $37.2 B 88,000 Mondelez International Inc. $35.0 B 110,000 Allstate Corp. $33.3 B 38,600 McDonald's Corp. $27.6 B 440,000 Exelon Corp. $23.5 B 26,057 Kraft Foods Inc. $18.4 B 23,000

SOURCE: World Business Chicago

EMPLOYMENT Chicago retains one of the most diversified economies in the nation. Historically known as a manufacturing and transportation hub, the city has grown into a world leader in the financial markets, banking and law industries. Manufacturing still remains a vital and strong element of Chicago’s economy. Sales figures for manufactured steel, metal products, furniture, household appliances, food products, chemicals, communications equipment and electronic goods produced by industrial firms located in Chicago continue to increase.

The services sector of Chicago’s employment has rapidly expanded in recent years with particular strength in the convention/trade show industry, financial services, research and development and the airline industry. All of these categories are major employers in the Chicago metropolitan area. The Northern Illinois Planning Commission recently endorsed the agency’s 2030 employment forecasts, which anticipate continuing growth in the six-county metropolitan area over the next three decades. The number of jobs in northeastern Illinois will grow by 1.2 million, approximately equal to the growth in the previous 30-year period. Employment in the six counties will increase from 4.4 million in 2000 to 5.6 million in 2030. page 18 page

1001 NORTH ELSTON | CHICAGO, ILLINOIS CHICAGO Metropolitan AreaMetropolitan EDUCATION interchange withoneanother. In freight transport, Chicagois the only gateway sixClass inwhichall OneNorthAmericanrailroads can commuter provides rail service to many suburban areas within a 40-mile radius of downtown Chicago. in suburbs.Itsrapid transit trains includebothsubway and the famous ‘L’,or elevated lines.TheMetra The ChicagoTransit Authority (CTA) provides busand train servicewithin the city andsome of the close- experienced by LosAngeles,Atlanta, andother Dallas postWorld War IIcities. The transportation system isnot subject to the enormousgrowth pressure andsubsequent traffic sprawl three autonomousdivisionsof the Regional Transit Authority (RTA) servicing the entire metropolitan area. Chicago’s city andsuburbanmass transit system isoneof the country’s most technologically advanced,with three concourses. Anew,6,300-space economy parkinggarage wasalsoconstructed to easecommuting. The expansion project also resulted in the addition of 14 gates, with the airport now providing 43 gates on counters, spaciousbaggage claimareas, traveler information andashortwalkingdistance to airlinegates. program, including a new 900,000-square-foot terminal building. The new terminal offers expanded ticket destinations. Midway InternationalAirportrecently completed aneight-year renovation andexpansion moving over 180,000 passengers through daily. O’Hare offers flights to over 60internationalbusiness than 230citiesworldwide. O’Hare InternationalAirportisconsistently ranked asoneof the country’s busiest, Both ofChicago’s two internationalairports,O’Hare andMidway, offer nonstopanddirect service tomore TRANSPORTATION • • • • Approximately 98,000 college studentsattend class within the Loopalone. In Chicagoalone, there are 95institutionsofhigher learning,attracting alarge number ofresident students. of Chicago,Northwestern University, University atChicago,DePaulUniversity ofIllinois andLoyola University. Chicagoland ishome to anumber of the Midwest’s leadingcolleges anduniversities, including the University in the city alone. including 28,800 bachelor’s degrees, 15,600master’s degrees and3,500doctoral degrees Over 100,000 degrees conferred are by Chicagoarea colleges anduniversities annually, attending class daily. The ChicagoLoopis the “largest college town withmore inIllinois,” than 98,000 students Business atUniversity ofChicago, two of the top business schoolsin the world. Home to Kellogg School of Management at Northwestern University and Booth School of Rated #2BestCity to GetaDegree inamong 60globalcities. CONTINUED page 19 AREA Map

19 Irving Park Rd PORTAGE PARK NORTH CENTER

N Addison St

AVONDALE Clark St

Belmont Ave LAKEVIEW Laramie Ave Central Ave Austin Ave Milwaukee Ave Lincoln Ave Elston Ave 41 Southport Ave She‰eld Ave Ashland Ave

Diversey Ave Halsted St

Clybourn Ave BELMONT CRAGIN Fullerton Ave LOGAN SQUARE 50 HERMOSA LINCOLN PARK Lincoln Park Zoo

Central Park Ave Armitage Ave Humboldt Blvd California Ave Western Ave Kostner Ave Damen Ave Kedzie Ave Pulaski Rd Market 64 North Ave 94 Grand Ave WICKER PARK HUMBOLDT Larabee St Overview PARK Goose Island Division St Humboldt Park NEAR UKRAINIAN NORTH SIDE Augusta Blvd VILLAGE

Chicago Ave Navy Pier Sacramento Blvd WEST TOWN Ohio St STREETERVILLE AUSTIN Grand Ave Illinois St Kinzie St

Lake St Michigan Ave OAK PARK Randolph St State St WEST GARFIELD Washington Blvd EAST GARFIELD PARK Madison St PARK NEAR WEST SIDE Gareld Park Jackson Blvd GREEKTOWN Jackson Blvd Grant Park 290 Harrison St Columbus Park Lake Michigan 290 ILLINOIS LITTLE ITALY

Racine Ave 41 MEDICAL DISTRICT Roosevelt Rd Museum Campus Douglas Park Ridgeland Ave 90 16th St 18th St LAWNDALE 94 Ogden Ave Cermak Rd

Archer Ave LOWER WEST CICERO SIDE 26th St W 26th St 55

SOUTH LAWNDALE 31st St 31st St 31st St BRIDGEPORT 90 DOUGLAS Burnham Park MCKINLEY PARK 35th St page 20 page

1001 NORTH ELSTON | CHICAGO, ILLINOIS DEMOGRAPHIC POPULATION Two or More Races Some Other Race Alone Alone Other PacificIslander Native Hawaiianand Asian Alone Alaska Native Alone American Indianand American Alone Black or African White Alone Total 2015 EST. POPULATION BY SINGLECLASSIFICATION RACE 2020 Projection HOUSEHOLDS 2020 Projection 2015 Estimate 2015 Estimate 2010 Census 2010 Census 2000 Census 2000 Census Growth 2000-2010 Growth 2000-2010 Growth 2010-2015 Growth 2010-2015 Growth 2015 -2020 Growth 2015-2020 1001 NELSTON AVE, CHICAGO, IL60642,AGGREGATE POP FACTS: DEMOGRAPHIC REPORT 2015 Report 1,175 3,939 36 2,826 184 5,288 31,630 45,077 (0.0-1.0 miles) RADIUS 1 9,110 46,680 8,710 45,077 8,214 43,205 8,751 43,715 4.60% 3.56% 6.03% 4.33% -6.13% -1.17% 2.61% 8.74% 0.08% 6.27% 0.41% 11.73% 70.17%

(0.0-3.0 miles) RADIUS 2 13,680 26,478 262 40,895 1,483 54,780 327,801 465,379 87,306 483,972 83,660 465,379 79,089 442,583 78,163 422,606 4.36% 4.00% 5.78% 5.15% 1.18% 4.73%

2.94% 5.69% 0.06% 8.79% 0.32% 11.77% 70.44% (0.0-5.0 miles) RADIUS 3 30,592 123,545 513 86,178 4,897 183,628 583,276 1,012,628 1,035,972 1,012,628 985,269 1,014,171 2.31% 2.78% -2.85% 200,856 195,607 188,944 199,419 2.68% 3.53% -5.25% 3.02% 12.20% 0.05% 8.51% 0.48% 18.13% 57.60%

Total 2015 EST. POPULATION HISPANIC ORLATINO Total AVERAGE HOUSEHOLD SIZE Renter Occupied Owner Occupied Total 2015 TENUREOFOCCUPIED HOUSING UNITS Not Hispanicor Latino Hispanic or Latino 1001 NELSTON AVE, CHICAGO, IL60642,AGGREGATE POP FACTS: DEMOGRAPHIC REPORT 2015 13,219 9,349 22,567 7,214 37,863 45,077 (0.0-1.0 miles) RADIUS 1 1.98 58.58% 41.43%

16.00% 84.00% 144,443 96,649 241,093 (0.0-3.0 miles) RADIUS 2 68,514 396,865 465,379 1.86

14.72% 85.28% 59.91% 40.09% 279,999 172,262 452,261 (0.0-5.0 miles) RADIUS 3 275,616 737,012 1,012,628 2.16

61.91% 38.09% 27.22% 72.78% page 21

POP FACTS: DEMOGRAPHIC REPORT 2015 POP FACTS: DEMOGRAPHIC REPORT 2015 1001 N ELSTON AVE, CHICAGO, IL 60642, AGGREGATE 1001 N ELSTON AVE, CHICAGO, IL 60642, AGGREGATE RADIUS 1 RADIUS 2 RADIUS 3 RADIUS 1 (0.0-1.0 miles) RADIUS 2 (0.0-3.0 miles) RADIUS 3 (0.0-5.0 miles) (0.0-1.0 miles) (0.0-3.0 miles) (0.0-5.0 miles) 2015 EST. HOUSEHOLDS BY HOUSEHOLD INCOME Total 22,567 241,093 452,261 CY HHs, Inc < $15,000 2,723 12.07% 36,194 15.01% 76,121 16.83% CY HHs, Inc $15,000 - $24,999 1,518 6.73% 16,216 6.73% 42,265 9.35% CY HHs, Inc $25,000 - $34,999 1,184 5.25% 15,397 6.39% 37,099 8.20% CY HHs, Inc $35,000 - $49,999 1,912 8.47% 22,256 9.23% 51,064 11.29% CY HHs, Inc $50,000 - $74,999 3,311 14.67% 36,440 15.11% 70,824 15.66% CY HHs, Inc $75,000 - $99,999 2,715 12.03% 28,285 11.73% 49,488 10.94% Demographics CY HHs, Inc $100,000 - $124,999 2,018 8.94% 22,090 9.16% 35,345 7.82% CY HHs, Inc $125,000 - $149,999 1,593 7.06% 13,964 5.79% 21,521 4.76% CY HHs, Inc $150,000 - $199,999 2,126 9.42% 18,607 7.72% 26,957 5.96% CY HHs, Inc $200,000 - $249,999 1,027 4.55% 8,788 3.65% 12,259 2.71% CY HHs, Inc $250,000 - $499,999 1,670 7.40% 14,961 6.21% 19,678 4.35% CY HHs, Inc $500,000+ 771 3.42% 7,896 3.28% 9,641 2.13%

2015 EST. AVERAGE HOUSEHOLD INCOME Total $115,545 $105,279 $86,838

2015 EST. MEDIAN HOUSEHOLD INCOME Total $80,847 $70,913 $56,912

2015 MEDIAN HH INC. BY SINGLE RACE, CLASS, OR ETHNICITY White Alone 93,808 81,511 70,543 Black or African American Alone 18,699 21,640 23,532 American Indian and Alaska Native 50,377 42,528 41,328 Alone Asian Alone 83,177 71,458 58,684 Native Hawaiian and Other Pacific 31,123 57,266 50,585 Islander Alone Some Other Race Alone 46,818 38,278 38,688 Two or More Races 49,351 53,378 46,682 Hispanic or Latino 49,791 40,121 39,320 Not Hispanic or Latino 85,815 75,212 63,089 TO: COLLIERS INTERNATIONAL

Colliers International Principal Confidentiality Agreement

Colliers International (“Sales Agent”), has available for study certain information (“Evaluation Materials”) regarding 20441001 N. Elston Dominick Ave.,, Chicago, IL (“Property”). We are prepared to furnish the Evaluation Materials to you in connection with discussions concerning your possible investment in the Property only on the condition that you agree to treat the Evaluation Materials confidentially and agree specifically as follows:

1. The Evaluation materials furnished to you will not be used for any purpose other than to evaluate a possible investment in the Property by you as a Principal exclusively for your own account; 2. You will not make any of the Evaluation Materials available, or disclose or distribute, either orally or in writing, any of the contents of the Evaluation Materials, to any person other than your counsel, analyst(s), equity partner(s), or potential lender(s) (hereinafter “Excluded Persons”); 3. You will not disclose to any person, other than Excluded Persons, either the fact that discussions or negotiations are taking place concerning a possible investment in the Property by you or any of the terms, conditions or other facts with respect to any such possible investment, including the status thereof; 4. You agree that you will not contact the tenants or property management staff of the Property in connection with your review of the Evaluation Materials. Any and all questions related to the Evaluation Materials must be directed solely to Mike Senner or Vern Schultz at Colliers International; 5. You acknowledge that neither the Seller, nor Colliers International, nor any affiliate of either of such persons, nor any partner, director, officer, employee, agent of or consultant to any such persons (collectively, “Seller Agent”) has made any representation or warranty as to the completeness or accuracy of the Evaluation Materials, and any representation or warranty in connection therewith is herby expressly excluded. The Evaluation Materials provided to you are subject to, change of price or terms, withdrawal from market without notice, and prior sale. You agree that the Seller/Agent shall have no liability to you resulting from the delivery to, or use by you of the Evaluation Materials or otherwise with respect thereto, and you agree to defend, indemnify and hold the Seller/Agent harmless from and against all loss, damage or expense sustained or incurred by Seller/Agent by reason of any unauthorized distribution or disclosure of the Evaluation Materials by you; 6. We may elect at any time to terminate access to the Evaluation materials, and you agree that you will, following any request by us or if you do not wish to invest in the Property, promptly redeliver to us all written Evaluation Materials and any other written material (and agree to delete any analyses contained in a database or spreadsheet type format) containing information in the Evaluation Materials and will not retain copies of such written material; and 7. You acknowledge that you have not dealt with any broker other than Colliers International concerning investment in the Property.

Please acknowledge your agreement to and acceptance of the foregoing by signing where indicated below and returning one (1) executed copy of the Agreement via email ([email protected] ) to our attention.

ACCEPTED AND AGREED TO THIS ______DAY OF ______, 2015

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By: ______

Signature: ______

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PLEASE SEND OFFERING MEMORANDUM TO:

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