Plaza on New York/Lehigh Station - Aurora, Illinois

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Price Reduced "Lender Owned" Residential Zoned Land Apartment/Condominium Pads for 525 units The Plaza on New York/Lehigh Station - Aurora, Illinois

ABOUT THIS PROPERTY PROPERTY DOCUMENTS Interactive Map 525 units(6-Pads) $5,250,000 ($10,000 per unit) Aerials Available in bulk or individual parcels Property Summary Offered "AS IS" - "WHERE IS" Demographics Additional information available with submittal of Terms of Sale Confidentiality, Disclaimer and Representation Agreement Confidentiality, Disclaimer, and Representation Agreement Print All

For More Information Contact:

Greg Pacelli, SIOR [email protected] Dir +1 847 698 8204 Fax +1 847 698 8404

Mark Dolemba [email protected] Dir +1 847 698 8216 Fax +1 847 698 8416

COLLIERS INTERNATIONAL 6250 N. River Road, Suite 11-100 Rosemont, IL 60018

This document/email 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 excludes 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). © 2010. All rights reserved.

“Lender Owned” Residential Land The Plaza on New York- Apartment/Condominium Pads for 525 Units Route 59 Lehigh Station

Metra Station Aurora, Illinois 2 Miles 59

Liberty Street 91 Unit Pad S R E J I E M

MERIDIAN BUSINESS 87 Unit

CAMPUS Pad

4 Pads

347 Units

Asset Resolutions Team

Greg Pacelli 847.698.8204 East New York Street Mark Dolemba 847.698.8216 Westfield Shoppingtown This document/email 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 excludes 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). © 2010. All rights reserved.

“Lender Owned” Residential Land The Plaza on New York- Apartment/Condominium Pads for 525 Units Lehigh Station Aurora, Illinois North Aurora Road

Route 59 Metra Station MERIDIAN Eola Road BUSINESS 59

CAMPUS N O I T A T S O T Y E L L O R T T R O L L E Y T O S T A T I O

Liberty Street S R E J I E M

East New York Street

Westfield Shoppingtown

34 Asset Resolutions Team

Greg Pacelli 847.698.8204

Mark Dolemba 847.698.8216

“Lender Owned” Residential Land The Plaza on New York- Apartment/Condominium Pads for 525 Units Lehigh Station O C OM A P B BA L IM R E F Aurora, Illinois AR E T N A C

.D R A R O R U A H TA RR O T NE M

. D R A L O E . N 59 .TS K R O YW E N .E

DLE IF TS EW GN IP PO H S AssetAsset Resolutions Resolutions Team Team NWO T S D O O F E L O H W Greg Pacelli.T S 847.698.8204 Greg Pacelli 847.698.8204 This document/email 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 Mark MarkDolemba Dolemba 847.698.8216 847.698.8216 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 excludes 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). © 2010. All rights reserved. “Lender Owned” Residential Land The Plaza on New York- Apartment/Condominium Pads for 525 Units Lehigh Station Warrenville Aurora, Illinois Batavia

Route 59 Metra Station Naperville

Aurora East New York Street

75th Street

Aurora

Asset Resolutions Team

Greg Pacelli 847.698.8204

Mark Dolemba 847.698.8216

“Lender Owned” Residential Land

Apartment/Condominium Pads for 525 units

Asset Resolutions Team The Plaza on New York/Lehigh Station

Aurora, Illinois

Overview The Plaza on New York/Lehigh Station is not the kind of place you’d expect to find in the western suburbs of Chicago. A sophisticated mix of rowhomes, apartment/condominium buildings and retail/commercial areas, all come together in a neighborhood that functions much like those found in large, metropolitan cities. An elegant boulevard runs the length of this unique area, incorporating parks, water features, a fountain, and walking areas. Brick-edged streets graced with park benches and planters add to the upscale ambience.

Walk to shops? You can here. Take the train to downtown Chicago? It’s just up the street via the Station Boulevard Trolley. Tour the rest of the web site. Explore the offering and discover the features that make The Plaza on New York/Lehigh Station the place to build.

Structured and built to resemble an intimate section of a large urbane neighborhood, The Plaza on New York/Lehigh Station offers the type of lifestyle an increasing number of home owners are looking for -- a largely self-sufficient neighborhood that also dovetails in with the larger surrounding cities of Aurora and Naperville – and everything they have to offer.

Development commenced in 2007 on the multi-story, pedestrian/transit oriented design of the rowhome/apartment condominium / commercial plan, which is an updated take on a city urbane style.

Exceptional Features and Amenities

 Superior access and marketing window  Plan features rooftop gardens and lifestyle amenities  Trolley service from Westfield Shopping Town to Metra Station  Immediate access to quality employment, transportation, shopping, educational and recreational opportunities

This document/email has been prepared by Colliers International for advertising and general information Offered in bulk or individual parcels. only. Colliers International makes no guarantees, representations or warranties of any kind, Location expressed or implied, regarding the information Located in Aurora, Illinois, on the north side of East New York Street directly across from including, but not limited to, “Westfield Shopping town”, The Property is: warranties of content, accuracy and reliability. Any interested party should undertake their own  2 Miles from the Route 59 Metra Station inquiries as to the accuracy of the information. Colliers  4 miles from the I-88-Route 59 interchange International excludes unequivocally all inferred or  5 miles from downtown Aurora implied terms, conditions and warranties arising out of this document and  11 miles from I-355 excludes all liability for loss and damages arising there  30 miles from O’Hare Airport from. This publication is the copyrighted property of  33 miles from Midway Airport Colliers International and /or its licensor(s). © 2010.  35 miles from downtown Chicago. All rights reserved 1 Property Summary

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Asset Resolutions Team The Plaza on New York/Lehigh Station

Aurora, Illinois

Access Access and visibility to the site are two of the most positive features of the Property. The site is within 5 miles from both Aurora and Naperville's downtown areas, and funding is secured for direct roadway access and trolley service to the Route 59 Metra Station. The Property is immediately accessible to the Route 59 corridor with both access and visibility via New York Street and Liberty Street. The Property has excellent access to quality employment, transportation, shopping, educational, hospital and recreational facilities and also features an excellent marketing window on both East New York Street as well as Liberty Street.

Convenience The Property’s proximity to major job centers and public transportation is excellent. The Route 59 corridor is well positioned to the region’s major east-west and north-south interstates, and as a result enjoys quick access to these major highways. The Property is located 11 miles from I-355, 20 miles from I-294, and 34 miles from downtown Chicago. The nearest Metra stop is 5 minutes from the Property at the Route 59 Metra Station. The nearest mall (Westfield (Fox Valley) Shoppingtown) is contiguous to the Property, and a concentration of retail along Route 59 provides a multitude of shopping opportunities within a very short distance to the Property. There are several recreational amenities, including small parks and playfields near the site; however larger parks offering additional amenities are located nearer to the downtown areas of Aurora and Naperville.

Aurora Aurora is the second largest city in Illinois, with a population of 171,782 (2008 est.) and part of the Chicago metropolitan area. The city refers to itself as "The City of Lights" because it was one of the first cities in the United States to implement an all-electric street lighting system in 1881.

This document/email has Aurora officially adopted the nickname in 1908. been prepared by Colliers International for advertising and general information Before white settlers arrived, there was a Native American village in what is today downtown only. Colliers International Aurora, on the banks of the Fox River. In 1834, following the Black Hawk War, the McCarty makes no guarantees, representations or brothers arrived and initially owned land on both sides of the river, but sold their lands on the west warranties of any kind, side. The Lake Brothers opened a mill on the opposite side of the river. The McCartys lived and expressed or implied, operated their mill on the east side. Aurora was originally two villages: one on the East Side of the regarding the information including, but not limited to, Fox River founded by the McCarty brothers and the West Side founded by the Lake brothers. A warranties of content, post office was established in 1837, officially creating Aurora. In 1857, Aurora (then what is now accuracy and reliability. Any interested party should known as the East Side) joined with the West Side and officially incorporated. The Aurora Fire undertake their own Department was established in 1856, and took ownership of its first fire engine that year. The two inquiries as to the accuracy of the information. Colliers sides couldn't agree on which side of the river should house the public buildings, so most public International excludes buildings were built on or around Stolp Island in the middle of the Fox River. (A parking garage unequivocally all inferred or implied terms, conditions stands at the site of the original City Hall and Post Office.) and warranties arising out of this document and excludes all liability for loss As the city grew, many factories and jobs came to Aurora, along with many people. In 1856, the and damages arising there Chicago, Burlington and Quincy Railroad located its railcar construction and repair shops in from. This publication is the copyrighted property of Aurora to become the town's largest employer until the 1960s. Many of the heavy industries were Colliers International and located on the East side which provided employment for many generations of European /or its licensor(s). © 2010. immigrants. Many immigrants flocked to the city, mainly from Great Britain, Ireland, Scandinavia, All rights reserved 2 Property Summary

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Asset Resolutions Team The Plaza on New York/Lehigh Station

Aurora, Illinois

Luxembourg, Germany, France, and Italy. The professional and managerial workers more likely came from Yankee stock and settled across the river, making the West side more affluent. Aurora became main economic center of the Fox Valley area. The combination of these three factors—a highly industrialized town, a sizable river that divided it, and the Burlington's shops—accounted for much of the dynamics of Aurora's political, economic, and social history. Both sides of Aurora still maintain a rivalry which is enacted through yearly high school football/basketball games. This is the oldest high school rivalry in the state of Illinois.

Beginning in the boom period, the town was inclusive and tolerant, and welcomed a variety of immigrants and openly supported abolitionism prior to the American Civil War. Mexican migrants began arriving after 1910. Socially, the town was progressive in its attitude toward education, religion, welfare, and women. The first free public school district in Illinois was established in 1851 and a high school for girls four years later. By 1887, 20 congregations, including two African American churches, representing nine denominations were established, and a YWCA started in 1893, still in operation today.

The city was a manufacturing powerhouse until 1974, when the railroad shops closed. Soon many other factories and industrial areas relocated or went out of business. By 1980, there were few operating industrial areas in the city, and unemployment soared to 16%. Although development of the Far East side at Westfield Fox Valley brought stimulus, it helped lead to the decline of the downtown area on Stolp Island. Crime rates were up and street gangs started to form in the mid-1980s. Many Hispanic immigrants also started coming to the city in the 1980s as well. In the late 1980s, several business and industrial parks were established on the outskirts of the city. In 1993, a casino was built downtown, which helped bring the first redevelopment to the downtown area in nearly twenty years. In the late 1990s, more development began in the rural areas outside of Aurora. Subdivisions sprouted up all around the city, especially in DuPage County, and Aurora's population soared. Today, approximately 70,000 of the city's residents live in these areas of the city.

This document/email has Aurora is on the edge of the Illinois Technology and Research Corridor. The city has a long been prepared by Colliers International for advertising tradition of manufacturing as does much of Chicago metropolitan area. Prominent manufacturers, and general information past and present, included: Lyon Workspace Products, The Aurora Silverplate Manufacturing only. Colliers International makes no guarantees, Company, Barber Greene Ltd., the Chicago Corset Company, the Aurora Brewing Company, representations or Stephens-Adamson Company, Caterpillar Inc., Allsteel Metals, National Metalwares, and Western warranties of any kind, Wheeled Scraper Works (later Austin-Western Inc.). The most prominent employer and industry expressed or implied, regarding the information was the Chicago Burlington and Quincy Railroad (later Burlington Northern) which was including, but not limited to, headquartered in Aurora. The CB&Q Roundhouse is still standing, and is now the popular warranties of content, accuracy and reliability. restaurant Walter Payton's Roundhouse. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes 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). © 2010. All rights reserved 3 Property Summary

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Asset Resolutions Team The Plaza on New York/Lehigh Station

Aurora, Illinois

Downtown Aurora

The Paramount Theatre under renovation, downtown Aurora.

This document/email has been prepared by Colliers Downtown Aurora is home to the Paramount Theatre, a large live performance theater on the International for advertising National Register of Historic Places, and the Hollywood Casino. There is also the Leland Tower, and general information only. Colliers International a former hotel which was the tallest building in Illinois outside the Chicago city limits and is on the makes no guarantees, National Register of Historic Places. The largest collection of George Grant Elmslie (Prairie representations or warranties of any kind, architect - studied under Louis Sullivan) commercial buildings is located here. Also located expressed or implied, downtown is the main building of Aurora Public Library and a branch campus of Waubonsee regarding the information including, but not limited to, Community College. Downtown Alive, a festival that includes live music and a variety of food warranties of content, booths, is held on three weekends (Friday and Saturday night) in the summer; Blues on the Fox accuracy and reliability. Any interested party should (featuring national blues artists) is held on the Friday and Saturday of Father's Day weekend. undertake their own Roughly 8,000–13,000 people attend. The quarterly AuroraArtWalk is hosted by the Cultural inquiries as to the accuracy Creatives—a grassroots team of local artist, property owners, patrons and the City of Aurora. The of the information. Colliers International excludes Riverfront Playhouse is a not-for-profit theater that has held a storefront location in downtown unequivocally all inferred or Aurora since 1978 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). © 2010. All rights reserved 4 Property Summary

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Asset Resolutions Team The Plaza on New York/Lehigh Station

Aurora, Illinois

Transportation

The city is the final stop of the Burlington Northern Santa Fe line of the Metra commuter rail system, allowing rail service into Chicago. The city also has a stop at the Rt. 59 station on the BNSF Line. This station is located on the border with Naperville and each city maintains a parking lot on their respective sides of the tracks. PACE operates local bus service within Aurora six days a week (no service on Sundays) and serves other cities such as Naperville, Geneva, Batavia, Oswego, and St. Charles. Along with Metra trains and PACE buses, Greyhound buses also stop at the Aurora Transportation Center. Aurora does not currently have a stop for Amtrak trains, as the old station where they did stop closed in the 1980s. Aurora City Lines, the old city bus lines, was closed in the late 1980s, in favor of regional bus service. Aurora also used to have an extensive streetcar system, operated by the Aurora, Elgin and Fox River Electric Company, that served most neighborhoods. Additionally, Aurora was served by a number of interurban lines. The most prominent of these was the Chicago Aurora and Elgin Railroad which provided service into Chicago. The STAR Line will have a third station at Ferry Rd. north of the BNSF Line. The Aurora Municipal Airport is a general aviation airport located in Sugar Grove, IL just outside of Aurora, Illinois. Although the airport is located within Sugar Grove, it is owned and operated by the City of Aurora. The Aurora Airport is designed as a reliever airport for Chicago's O'Hare and

This document/email has Midway Airports, and also handles a lot of international cargo. It is capable of landing Boeing 757 been prepared by Colliers aircraft. International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, Healthcare 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 excludes 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 Rush-Copley Medical Center /or its licensor(s). © 2010. All rights reserved 5 Property Summary

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Apartment/Condominium Pads for 525 units

Asset Resolutions Team The Plaza on New York/Lehigh Station

Aurora, Illinois

Aurora currently has two hospitals, one on the west side, Provena Mercy Medical Center, and one in Fox Valley, Rush-Copley Medical Center. There are other area hospitals, including Edward Hospital in Naperville, Delnor Hospital in Geneva, Central DuPage in Winfield and a Level 1 Trauma center at Good Samaritan in Downers Grove. Aurora at one point had three hospitals, St. Joseph Hospital, on the west side, St. Charles hospital, in uptown, and Copley Memorial Hospital, on the east side. St Joseph and St, Charles hospitals have been converted into living centers, and the old Copley hospital, which was one of the largest hospitals in the area, sits vacant. The city of Aurora recently demolished the old smokestacks from the hospital, as they were starting to crumble and fall down. Dreyer Medical Clinic and several other independent clinics and medical groups are spread throughout the city. The area surrounding Provena Mercy has evolved into a diverse healthcare district with services and offices.

Education The Property is located within Indian Prairie School Central Unified District #204, which ranks in the upper percentile, in the state of Illinois, as well as DuPage County.

The city is the location of the Illinois Mathematics and Science Academy (IMSA) and Aurora University. According to the census of Aurora's population over the age of twenty-five, 26% hold a bachelor's degree.

The Illinois Mathematics and Science Academy (IMSA) is a state-funded residential magnet school for grades 10 to 12. While IMSA operates under public funds (and uses the site originally designated West Aurora High School North Campus), it is managed independently of the other public schools in the city of Aurora. Any Illinois student who meets admission requirements may apply to attend IMSA, tuition free.

This document/email has Aurora is also home to a few other private schools. Within Aurora, there are three Roman been prepared by Colliers Catholic High Schools, Aurora Central Catholic (Diocese of Rockford), Rosary, and Marmion International for advertising Academy (Order of St. Benedict), and 7 Catholic elementary schools operated by the Diocese of and general information only. Colliers International Rockford. Along with these three schools is Aurora Christian High School and Elementary School. makes no guarantees, Aurora is also home to Fox Valley Montessori School, one of the first Montessori schools representations or warranties of any kind, established in Illinois in 1969, which offers a preschool and elementary program. expressed or implied, regarding the information including, but not limited to, The above-named districts have forty-six public schools within the city limits of Aurora (seventeen warranties of content, for District #131, thirteen for District #129, eleven for District #204, four for Oswego District #308 accuracy and reliability. and the Illinois Mathematics and Science Academy). Aurora is also home to twenty-two private Any interested party should undertake their own schools including Rasmussen College, two branches of Waubonsee Community College, and the inquiries as to the accuracy main campus of Aurora University. of the information. Colliers International excludes 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). © 2010. All rights reserved 6 Demographics

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Apartment/Condominium Pads for 525 units Asset Resolutions Team The Plaza on New York/Lehigh Station

Aurora, Illinois

Population 1.00 Mile 5.00 Mile 10.00 Mile Population 2015 Projection 7,693 271,955 851,968 2010 Estimate 7,125 252,628 787,578 2000 Census 5,780 204,931 641,733 1990 Census 2,240 139,202 486,106

Growth 2010-2015 7.97% 7.65% 8.18% Growth 2000-2010 23.27% 23.27% 22.73% Growth 1990-2000 158.04% 47.22% 32.02%

2010 Est. Population by Age 7,125 252,628 787,578 Age 0 - 4 541 22,208 63,819 Age 5 - 9 558 20,903 61,884 Age 10 - 14 556 20,489 61,669 Age 15 - 17 268 12,230 37,526 Age 18 - 20 181 9,640 31,444 Age 21 - 24 249 12,953 41,665 Age 25 - 34 1,569 34,523 107,729 Age 35 - 44 1,272 41,874 119,995 Age 45 - 54 1,061 36,860 116,464 Age 55 - 64 542 23,866 80,610 Age 65 - 74 230 10,546 39,028 Age 75 - 84 78 4,495 17,839 Age 85 and over 21 2,041 7,906

Age 16 and over 5,379 184,866 587,283 Age 18 and over 5,202 176,798 562,680 This document/email has been prepared by Colliers Age 21 and over 5,021 167,158 531,235 International for advertising Age 65 and over 328 17,083 64,773 and general information only. Colliers International makes no guarantees, Households representations or warranties of any kind, 2015 Projection 3,361 90,400 286,602 expressed or implied, 2010 Estimate 3,120 84,724 266,649 regarding the information including, but not limited to, 2000 Census 2,530 69,549 219,897 warranties of content, accuracy and reliability. 1990 Census 987 47,545 167,288 Any interested party should undertake their own inquiries as to the accuracy Growth 2010-2015 7.72% 6.70% 7.48% of the information. Colliers Growth 2000-2010 23.32% 21.82% 21.26% International excludes unequivocally all inferred or Growth 1990-2000 156.33% 46.28% 31.45% 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). © 2010. All rights reserved 1 Demographics

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Apartment/Condominium Pads for 525 units Asset Resolutions Team The Plaza on New York/Lehigh Station

Aurora, Illinois

1.00 Mile 5.00 Mile 10.00 Mile 2010 Est. Households by Household Type 3,120 84,724 266,649 Family Households 1,739 62,963 199,284 Non-family Households 1,381 21,761 67,366

2010 Est. Households by Income 3,120 84,724 266,649 Income Less than $15,000 112 3,679 12,758 Income $15,000 - $24,999 93 4,185 13,496 Income $25,000 - $34,999 194 5,470 17,325 Income $35,000 - $49,999 465 9,498 30,535 Income $50,000 - $74,999 747 15,757 52,589 Income $75,000 - $99,999 569 13,962 44,846 Income $100,000 - $124,999 420 10,846 33,845 Income $125,000 - $149,999 261 7,553 22,704 Income $150,000 - $199,999 153 6,528 19,032 Income $200,000 - $499,999 96 6,192 16,693

2010 Est. Average Household Income $86,109 $102,710 $98,118

2010 Est. Median Household Income $73,279 $81,756 $78,691

Family Households 2015 Projection 1,871 67,257 214,849 2010 Estimate 1,739 62,963 199,284 2000 Census 1,414 51,568 163,141 1990 Census 582 35,803 125,805

This document/email has Growth 2010-2015 7.59% 6.82% 7.81% been prepared by Colliers International for advertising Growth 2000-2010 22.98% 22.10% 22.15% and general information only. Colliers International Growth 1990-2000 142.96% 44.03% 29.68% makes no guarantees, representations or 2010 Est. Family Households by Household warranties of any kind, 3,120 84,724 266,649 expressed or implied, Income regarding the information including, but not limited to, Income Less than $15,000 112 3,679 12,758 warranties of content, Income $15,000 - $24,999 93 4,185 13,496 accuracy and reliability. Any interested party should Income $25,000 - $34,999 194 5,470 17,325 undertake their own Income $35,000 - $49,999 465 9,498 30,535 inquiries as to the accuracy of the information. Colliers Income $50,000 - $74,999 747 15,757 52,589 International excludes Income $75,000 - $99,999 569 13,962 44,846 unequivocally all inferred or implied terms, conditions Income $100,000 - $149,999 420 10,846 33,845 and warranties arising out of this document and Income $150,000 - $249,999 261 7,553 22,704 excludes all liability for loss Income $250,000 - $499,999 153 6,528 19,032 and damages arising there from. This publication is the Income $500,000 and more 96 6,192 16,693 copyrighted property of Colliers International and /or its licensor(s). © 2010. All rights reserved 2 Demographics

“Lender Owned” Residential Land

Apartment/Condominium Pads for 525 units Asset Resolutions Team The Plaza on New York/Lehigh Station

Aurora, Illinois

1.00 Mile 5.00 Mile 10.00 Mile 2010 Est. Average Household Income $86,109 $102,710 $98,118

2010 Est. Median Household Income $73,279 $81,756 $78,691

2010 Est. Pop 16+ by Occupation 4,424 131,601 411,855 Blue Collar 439 21,844 72,820 White Collar 3,512 93,040 285,203 Service and Farm 472 16,717 53,832

2010 Est. Tenure of Occupied Housing Units 3,120 84,724 266,649 Owner Occupied 1,918 64,078 207,059 Renter Occupied 1,201 20,646 59,591

Owner Average Length of Residence 7 11 13

Owner Average Length of Residence 5 7 7

2010 Est. All Owner-Occupied Housing 1,918 64,078 207,059 Values Value Less than $20,000 0 218 391 Value $20,000 - $39,999 3 270 656 Value $40,000 - $59,999 9 265 862 Value $60,000 - $79,999 86 448 1,639 This document/email has been prepared by Colliers Value $80,000 - $99,999 92 1,695 4,215 International for advertising and general information Value $100,000 - $149,999 473 8,455 26,814 only. Colliers International Value $150,000 - $199,999 467 10,688 40,146 makes no guarantees, representations or Value $200,000 - $299,999 460 17,439 64,564 warranties of any kind, Value $300,000 - $399,999 247 11,191 34,116 expressed or implied, regarding the information Value $400,000 - $499,999 50 6,014 16,001 including, but not limited to, warranties of content, Value $500,000 - $749,999 29 5,959 13,995 accuracy and reliability. Value $750,000 - $999,999 0 1,203 2,883 Any interested party should undertake their own Value $1,000,000 or more 0 233 777 inquiries as to the accuracy of the information. Colliers 2010 Est. Median All Owner-Occupied International excludes $181,571 $257,342 $244,617 unequivocally all inferred or Housing Value implied terms, conditions and warranties arising out of this document and 2010 Est. Median Year Structure Built ** 1994 1989 1984 excludes all liability for loss and damages arising there **1939 will appear when at least half of the Housing Units in this reports area were built in 1939 or earlier. from. This publication is the copyrighted property of Colliers International and Mon June 14, 2010 © 2010 NIELSEN CLARITAS INC. All rights reserved. /or its licensor(s). © 2010. All rights reserved 3 Terms of Sale

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Apartment/Condominium Pads for 525 units Asset Resolutions Team The Plaza on New York/Lehigh Station

Aurora, Illinois

The Plaza on New York/Lehigh Station residential zoned property is being offered by Colliers International (“Owner’s Agent”); the exclusive agent representing Old Second National Bank (“Owner”), owner and seller of the Property for purchase on a fee simple, “as-is”, “where-is” basis.

As required by Section 38.35 of the Illinois Real Estate Brokers and Salesman License Act, 225 ILCS 455/38.35, we are providing you with our Real Estate Agency Disclosure as follows:

SELLER'S AGENT DISCLOSURE:

TO PROSPECTIVE PURCHASER: Prospective Purchaser acknowledges that Prospective Purchaser has been informed by this written disclosure, that: (1) Colliers International as exclusive sales agent (‘Owner’s Agent”) and working through its salespeople, Greg Pacelli and Mark Dolemba is acting on behalf of the Owner (“Seller”) of the real estate known as

“Lender Owned” Residential Land

Apartment/Condominium Pads for 525 units

The Plaza on New York/Lehigh Station

Aurora, Illinois

(2) information given to the Owner’s Agent by the Prospective Purchaser may be disclosed to the Owner (“Seller”).

This document/email has been prepared by Colliers International for advertising Solicitation of Interest and general information The OWNER expressly reserves the right, at its sole discretion, to reject any or all expressions of only. Colliers International makes no guarantees, interest or offers to purchase the Property and expressly reserves the right, at its sole discretion, representations or warranties of any kind, to terminate discussions with any entity at any time with or without notice. The Owner shall have expressed or implied, regarding the information no legal commitment or obligations to any entity reviewing the offering information or making an including, but not limited to, offer to purchase the Property. warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes Disclaimer of Warranties: “As is”, “Where is” Conveyance/Inspection unequivocally all inferred or implied terms, conditions A. The Property is being offered on an “as-is”, “where-is” basis and the Prospective and warranties arising out Purchaser will be expected to perform a thorough independent evaluation of Property. of this document and The Owner and Owner’s Agent have not and will not make any representations as to the excludes all liability for loss and damages arising there physical condition of the Property. Prospective Purchaser warrants and acknowledges to from. This publication is the and agrees that the Prospective Purchaser would purchase the Property in an “as-is, copyrighted property of Colliers International and where-is” condition “with all faults” and specifically and expressly without any warranties, /or its licensor(s). © 2010. representations or guarantees, either express or implied, of any kind, nature or type All rights reserved 1 Terms of Sale

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Apartment/Condominium Pads for 525 units Asset Resolutions Team The Plaza on New York/Lehigh Station

Aurora, Illinois

whatsoever from or on behalf of the Owner. Prospective Purchaser acknowledges that it has not relied, and is not relying, upon any information, documents, sales brochure or other literature, maps or sketches, projections, proforma statements, representations, guarantees or warranties (whether express or implied, or oral or written, or material or immaterial) that may have been given by or made by or on behalf of Owner. Prospective Purchaser further acknowledges that it has made an independent review of the Property information and has submitted its offer upon said independent review. Prospective purchaser further acknowledges it has made a full and complete inspection of the Property or has had a full and complete opportunity to do so, but has not done so at its own election.

B. Prospective Purchaser hereby acknowledges that it shall not be entitled to, and should not, rely on Owner or Owner’s Agent to (i) the quality, nature, adequacy or physical condition of the Property, (ii) the quality, nature, adequacy or physical condition of soils or the existence of water at Property, the nature and extent of any right-of-way, lease possession, lien, encumbrance, license, reservation, conditions or otherwise, the existence of soil instability, past soil repairs, soil additions or conditions of soil fill, susceptibility to landslides, sufficiency of undershoring, sufficiency of drainage, whether the Property is located wholly or partially in a floor plain or a flood hazard boundary or similar area, the existence or non-existence of hazardous waste or other toxic materials or any kind, or any other matter affecting the stability or integrity of the land or any buildings or improvements situated on all or part of the Property; (iii) the existence, quality, nature, adequacy or physical condition of any utilities serving the Property; (iv) the development potential of the Property, its habitability, merchantability or fitness, suitability or adequacy of Property for any particular purpose; (v) the zoning or other legal status of the Property; (vi) the Property or its operations’ compliance with any applicable codes, laws, regulations, statutes, ordinances, covenants, conditions or restrictions of any governmental or quasi-governmental entity or of any other person or entity; (vii) the quality of any labor or materials relating in any way to the Property; (viii) the condition of title to the Property or the nature, status and extent of any right of way, lease, right of This document/email has been prepared by Colliers redemption, possession, lien, encumbrance, license, reservations, covenant, condition, or International for advertising restriction or any other matter affecting title to the Property. Prospective Purchaser and general information only. Colliers International acknowledges that it will make an independent review of the Property‘s physical makes no guarantees, characteristics and will enter into a purchase agreement upon said independent review or representations or warranties of any kind, has had a full and complete opportunity to do so, but has not done so at its own election. expressed or implied, regarding the information including, but not limited to, C. After execution of the purchase agreement, Prospective Purchaser and/or their agents warranties of content, shall have the right to enter to conduct such feasibility studies, as prospective purchaser accuracy and reliability. shall deem necessary to determine, in its sole and exclusive discretion, the suitability of Any interested party should undertake their own the Property, the cost of which inspection shall be borne exclusively by Prospective inquiries as to the accuracy Purchaser. Prospective Purchaser hereby agrees to indemnify and hold Owner, its of the information. Colliers International excludes officers, directors, attorney’s, and employees, Owner’s Agent, its officers, directors, unequivocally all inferred or attorney’s and employees, and each institution that holds title to the Property, harmless implied terms, conditions and warranties arising out from any and all claims, liabilities, damages, losses, causes of action and/or obligations of this document and incurred as a result of such entrance of Prospective Purchaser and Prospective excludes all liability for loss Purchasers agents upon the Property. and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2010. All rights reserved 2 Terms of Sale

“Lender Owned” Residential Land

Apartment/Condominium Pads for 525 units Asset Resolutions Team The Plaza on New York/Lehigh Station

Aurora, Illinois

D. Owner or Owner’s Agent shall not be responsible to Prospective Purchaser or any other party or person for any negligent misrepresentation or failure to investigate the Property on the part of Owner, Owner’s Agent or any third party. Confidential Property Information Confidential property information is available for the preparation of qualified purchase offers. Access to the Property‘s confidential information may be obtained by executing the Confidentiality, Disclaimer, and Representation Agreement.

If you have any questions, please contact Owner’s Agent (Greg Pacelli and or Mark Dolemba, Colliers International). Owner’s Agent will make every reasonable effort to provide all available information to Prospective Purchasers for the preparation and submission of purchase offers. However, Prospective Purchasers must not rely on the completeness or accuracy of information contained in the offering information, provided or other promotional materials and must base their offer on independent investigations and inspections of the Property.

Property Inspection The Plaza on New York/Lehigh Station “Property” is private property. Prospective Purchasers must contact Owner’s Agent to schedule an appointment to inspect the Property. Owner and Owner’s agent will provide authorization to Prospective Purchaser to enter onto and inspect the Property only upon receipt of Prospective Purchaser’s executed Confidentiality, Disclaimer and Representation Agreement by Owner’s Agent and with documented written authorization by Owner’s Agent to Prospective Purchaser.

Additional Information Prospective purchasers may contact Owner’s Agent with questions concerning the Property or this offering Information. All questions will be researched in the appropriate manner and in some cases utilizing Owner’s third party consultants. Answers to all questions will then be distributed to This document/email has for the benefit of all Prospective Purchasers. Please convey your questions via email to: been prepared by Colliers International for advertising and general information [email protected] only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, Owner’s Reservations regarding the information Owner reserves the right to decline any and all offers, and in its sole discretion, withdraw Property including, but not limited to, warranties of content, from the market. Owner may require verification of funds available to close the transaction prior to accuracy and reliability. acceptance of an offer. The Terms of Sale are subject to such modification as may be required by Any interested party should the law of the State of Illinois. undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or Discretion as to Acceptable Purchasers implied terms, conditions In making its decision, the Owner will consider various aspects of the Prospective Purchaser’s and warranties arising out of this document and capabilities. The evaluation will include, but not be limited to: excludes all liability for loss and damages arising there from. This publication is the  The proposed purchase price copyrighted property of Colliers International and  The proposed due diligence and closing schedule /or its licensor(s). © 2010. All rights reserved 3 Terms of Sale

“Lender Owned” Residential Land

Apartment/Condominium Pads for 525 units Asset Resolutions Team The Plaza on New York/Lehigh Station

Aurora, Illinois

 The financial ability of Prospective Purchaser to close transaction contemplated in its offer  Performance capacity of Prospective Purchaser as shown by corporate brochures, annual reports or other information sources  Previous relevant real estate acquisition and/or development project history  Any other items helpful in qualifying the Prospective Purchaser  Any other reasonable material as required by the Owner

Offers that provide the most desirable economics and terms while demonstrating the most likely certainty of closing in the shortest time frame will be given more favorable consideration.

Owner shall make all of these considerations in their sole and absolute discretion.

Delivery of Offer Please E-mail your offer to: [email protected] and [email protected]

Evaluation and Award The Owner will immediately review any and all offers submitted, and respond formally within ten (10) business days of Owner’s receipt. Owner in its sole and absolute discretion may select a Prospective Purchaser, in accordance with the Terms of Sale. Owner reserves the right to a) negotiate further with any individual Prospective Purchaser’s at Owner’s sole discretion, b) accept or reject any offers, c) in the case of multiple, competitive offers, solicit best and final offer. Owner’s Agent will notify the successful Prospective Purchaser. Prospective Purchaser must This document/email has been prepared by Colliers remit the earnest money deposit upon acceptance of its offer. International for advertising and general information only. Colliers International makes no guarantees, Purchase Agreement representations or warranties of any kind, The offering and sale of the Property are subject to Owner and Prospective Purchaser entering expressed or implied, into a mutually acceptable purchase agreement to be provided by Owner to the selected regarding the information including, but not limited to, Prospective Purchaser. Failure by Prospective Purchaser to close as outlined in the purchase warranties of content, agreement may result, at the Owner’s option, in cancellation of the sale and forfeiture of all accuracy and reliability. Any interested party should earnest money. undertake their own inquiries as to the accuracy of the information. Colliers International excludes Title Report unequivocally all inferred or implied terms, conditions A title report will be provided during the due diligence period. and warranties arising out of this document and excludes all liability for loss Commitment for Title Insurance and damages arising there from. This publication is the Owner will provide a standard commitment for title insurance insuring the purchaser fee simple copyrighted property of title to the Property. Colliers International and /or its licensor(s). © 2010. All rights reserved 4 Terms of Sale

“Lender Owned” Residential Land

Apartment/Condominium Pads for 525 units Asset Resolutions Team The Plaza on New York/Lehigh Station

Aurora, Illinois

For more information please contact Owner’s Agent:

Colliers Asset Resolutions Team

Gregory J. Pacelli, SIOR 847.698.8204 greg. [email protected] Principal

Mark Dolemba 847.698.8216 [email protected] Senior Vice President

Colliers International 6250 North River Road Suite 11-100 Rosemont, Illinois 60018

This document/email 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 excludes 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). © 2010. All rights reserved 5 Confidentiality, Disclaimer and Representation Agreement

“Lender Owned” Residential Land

Asset Resolutions Team Apartment/Condominium Pads for 525 units

The Plaza on New York/Lehigh Station

Aurora, Illinois

On behalf of Old Second National Bank, (“Owner”), and as Owner’s Agent for the sale of the property described above, Colliers International, (“Owner’s Agent”), has certain property information (“Property Information”) regarding the property described above, (“Property”), which is offered for sale.

______the ("Prospective Purchaser”) understands that Owner’s Agent is prepared to furnish the Property Information to Prospective Purchaser in connection with its review, discussions and negotiations concerning the possible sale of the Property only on the condition that Prospective Purchaser agrees to treat the Property Information “CONFIDENTIAL” as hereinafter provided.

Therefore, in consideration of Owner’s Agent furnishing the Property Information to Prospective Purchaser, Prospective Purchaser hereby represents, acknowledges and agrees to the following:

1. You agree that you shall use the Property Information furnished to you for the sole purpose of evaluating the possible purchase of the Property by you as a Principal, exclusively for your own account.

2. You acknowledge and agree that no commission shall be due and payable by Owner and or Owner’s Agent to you and or any other principal who holds a real estate license.

This document/email has been prepared by Colliers 3. You agree that you will neither make any of the Property Information available, nor International for advertising and general information disclose nor distribute, either orally or in writing, any of the contents of the Property Information, only. Colliers International to any person other than your counsel, consultants(s), analyst(s), equity partner(s), or potential makes no guarantees, representations or lender(s) (collectively “Excluded Persons”). Each of the Excluded Persons shall be bound by the warranties of any kind, terms of this Agreement as your agents. expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. 4. You shall not and also shall direct the Excluded Persons not to disclose to any person Any interested party should that discussions or negotiations are taking place concerning a possible purchase of the Property undertake their own inquiries as to the accuracy by you, or any of the terms, conditions or other facts with respect to any such possible purchase, of the information. Colliers or the status thereof, without the prior written consent of Owner’s Agent. The term "person" as International excludes unequivocally all inferred or used in this agreement shall be interpreted broadly and shall include, without limitation, any implied terms, conditions and warranties arising out corporation, company, partnership or individual other than the Excluded Persons. of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of 5. You agree that you will not contact any person other than Greg Pacelli and or Mark Colliers International and Dolemba of Colliers International (“Owner’s Agent”) regarding the Property, either in connection /or its licensor(s). © 2010. All rights reserved with your interest in the Property or in connection with your review of the Property Information 1 Confidentiality, Disclaimer and Representation Agreement

“Lender Owned” Residential Land

Asset Resolutions Team Apartment/Condominium Pads for 525 units

The Plaza on New York/Lehigh Station

Aurora, Illinois

nor enter onto the Property without written authorization in advance by Owner’s Agent. Any and all questions related to the Property and or the Property Information must be directed solely to Owner’s Agent.

6. You acknowledge that neither Owner nor Owner’s Agent, nor any affiliate of either of such persons, nor any partner, director, officer, employee, agent of or consultant to any such persons (collectively, “Owner and Owner’s Agent”) has made any representation or warranty as to the completeness, accuracy or suitability of the Property Information for any purpose whatsoever, and any representation or warranty in connection therewith is hereby expressly excluded. The Property Information provided to you are subject to: (i) change of price or terms; (ii) withdrawal from the market without notice; and (iii) prior sale. You agree that neither Owner nor Owner’s Agent shall have any liability to you and Excluded Persons resulting from the delivery or use of the Property Information, or reliance thereon by you or Excluded Persons.

7. You and the Excluded Persons agree to defend, indemnify and hold Owner and Owner’s Agent harmless from and against any and all loss, damage or expense or claims therefore sustained or incurred by Owner and Owner’s Agent for unauthorized distribution or disclosure of the Property Information by you and Excluded Persons.

8. Owner may elect at any time to terminate your access to the Property Information, and you and Excluded Persons agree that you and Excluded Persons will, following any request by Owner, or if you do not wish to purchase the Property, promptly deliver to us all Property This document/email has Information and any other material (and agree to delete any analyses contained in a database or been prepared by Colliers International for advertising spreadsheet type format) containing information from the Property Information and that you will and general information only. Colliers International not retain copies of such written material. makes no guarantees, representations or warranties of any kind, expressed or implied, 9. You acknowledge that no warranty or representation is made to the accuracy of the regarding the information including, but not limited to, foregoing information. Terms of sale and availability are subject to change or withdrawal without warranties of content, accuracy and reliability. notice. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes 10. You acknowledge that Owner’s Agent is representing the Owner (“Seller”) in the sale of unequivocally all inferred or the Property. As required by Section 38.35 of the Illinois Real Estate Brokers and Salesman implied terms, conditions and warranties arising out License Act, 225 ILCS 455/38.35, we are providing you with our Real Estate Agency Disclosure of this document and as follows: excludes all liability for loss and damages arising there from. This publication is the copyrighted property of SELLER'S AGENT DISCLOSURE Colliers International and /or its licensor(s). © 2010. All rights reserved 2 Confidentiality, Disclaimer and Representation Agreement

“Lender Owned” Residential Land

Asset Resolutions Team Apartment/Condominium Pads for 525 units

The Plaza on New York/Lehigh Station

Aurora, Illinois

“Lender Owned” Residential Land

Apartment/Condominium Pads for 525 units

The Plaza on New York/Lehigh Station

Aurora, Illinois

and (2) information given to the Owner’s Agent by the Prospective Purchaser may be disclosed to the Owner (“Seller”).

12. You further acknowledge and represent that no real estate broker or salesman represents Prospective Purchaser other than (Please designate N/A in signature block below if not applicable):

Name: ______

This document/email has been prepared by Colliers International for advertising Company Name: ______and general information only. Colliers International makes no guarantees, representations or Title: ______warranties of any kind, expressed or implied, regarding the information including, but not limited to, Signature: ______warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers Date: ______International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and 13. You agree that you shall indemnify, defend, and hold Owner and Sales Agent excludes all liability for loss harmless from any liability, claims, damages and loss including reasonable attorney’s fees and and damages arising there from. This publication is the costs arising out of or in connection with any misrepresentation or breach of warranty or breach copyrighted property of Colliers International and of contract regarding the statements set forth above. /or its licensor(s). © 2010. All rights reserved 3 Confidentiality, Disclaimer and Representation Agreement

“Lender Owned” Residential Land

Asset Resolutions Team Apartment/Condominium Pads for 525 units

The Plaza on New York/Lehigh Station

Aurora, Illinois

This executed Agreement may be delivered by a person via third party delivery service (U.S. Mail, UPS, and FedEx), email or facsimile transmission. The copy of the delivered or transmitted executed agreement shall be considered an original, and shall be binding and forcible against such person.

RETURN THIS EXECUTED AGREEMENT “PREFERABLY VIA EMAIL” TO:

[email protected]

OR FAX TO:

847.698.8416

Colliers International

C/O Mark Dolemba

6250 North River Road, Suite 11-100

Rosemont, Illinois

60018

This Agreement shall be governed and construed in accordance with the laws of the State of This document/email has Illinois. The person(s) executing this Agreement are authorized to do so; and by so doing, bind been prepared by Colliers International for advertising themselves and their respective principals and agents to all the provisions of this Agreement. and general information only. Colliers International makes no guarantees, representations or Prospective Purchaser warranties of any kind, expressed or implied, regarding the information including, but not limited to, Name: ______warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy Company Name: ______of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions Title: ______and warranties arising out of this document and excludes all liability for loss and damages arising there Signature: ______from. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2010. All rights reserved Date: ______4