99 East State St., Rockford, Il

FOR SALE OR LEASE REDEVELOPMENT 99 EAST STATE ST. OPPORTUNITY ROCKFORD, ILLINOIS

www.cbre.com/karen.walsh FOR SALE OR LEASE 99 EAST STATE ST., ROCKFORD, IL

PROPERTY HIGHLIGHTS

++Unique redevelopment opportunity. Architec- turally rich building containing 170,000 SF.

++Prominent landmark located in the heart of Rockford’s Downtown Entertainment and Arts District.

++Nine Floors of river views.

++Sale/leaseback opportunity with RRStar (Gate- House Media) plus additional rental income in place.

++Additional space available for lease.

++100 surface parking spaces on site as well as potential for underground below north end of building. Additional 96 (approximate) spaces in nearby owned lot.

++National Register of Historic Places. FOR SALE OR LEASE 99 EAST STATE ST., ROCKFORD, IL

REGIONAL MAP

DANE COUNTY REGIONAL AIRPORT

DANE AIRPORT

GENERAL MITCHELL INTERNATIONAL AIRPORT

99 EAST STATE ST. ROCKFORD, IL

CHICAGO ROCKFORD INTERNATIONAL AIRPORT

CHICAGO O’HARE INTERNATIONAL AIRPORT FOR SALE OR LEASE 99 EAST STATE ST., ROCKFORD, IL

LOCATION MAP

Harlem Rd Beloit Rd Rock Cut State Park Elm Ave Paulson Rd Paulson Orth Rd

Forest Hills Rd 51 Loves Park E Riverside Blvd McFanland Rd Riverside Rd 76 W Riverside Rd

70 Halsted Rd 2 River Ln Woodstock Rd Spring Creek Rd ing Brook Rd Spr Spring Creek Rd Ridge Ave

N Rockton Ave N Rockton Squaw Prairic Rd Rote Rd Olson Rd Auburn St Highcrest Rd 90

Guilford Rd Shaw Rd School St N Springfield Ave 251 Gulfford Rd Rural St N Mulford Rd 20

20 Rockford N Bell School Rd

R N Alpine Rd 20

5th Ave Charles St e Belvidere

r T

Logan Ave S Plerpont Ave Broadway S Newburg Rd

S Central Ave 15th Ave y Ogilby Rd 99 E. State St. w Mill Rd 11th St S 6th St k P 2 Rockford, IL o i 9th St

O h Edgewood Harrison Ave 39 20

Cherry Valley 90 20th St Simpson Rd Sandy Hollow Rd 20 251 Samuelson Rd Prairee Rd Deer Run Forest Preserve S Mulford Rd Chicago Rockford 36th St International Airport Irene Rd 2 Beltline Rd

Perryville Rd Perryville Blomberg Rd

Kishwaukee Rd 39

Baxter Rd FOR SALE OR LEASE 99 EAST STATE ST., ROCKFORD, IL

AERIAL FOR SALE OR LEASE 99 EAST STATE ST., ROCKFORD, IL

AREA DESCRIPTION ++Nearby attractions include the Sinnissippi Bike Path, newly con- structed UW Health Sports Facility (one of the largest sports facilities in the Midwest), BMO Harris Bank Convention Center, Coronado Performing Arts Center, Tinker Swiss Cottage and Museum, Discovery Center Museum, Rockford City Market and the Burpee Museum of Natural History, Stroll on State.

++Downtown Rockford is full of unique shops, boutiques, galleries, gourmet eateries and one-of-a-kind destinations FOR SALE OR LEASE 99 EAST STATE ST., ROCKFORD, IL

PHOTOS FOR SALE OR LEASE 99 EAST STATE ST., ROCKFORD, IL

LOWER LEVEL FLOOR PLAN

FOR MORE INFORMATION PLEASE CONTACT:

Karen B. Walsh, CCIM First Vice President +1 815 218 3438 [email protected]

Jennifer Berry Sales Associate +1 815 871 6156 [email protected] FOR SALE OR LEASE 99 EAST STATE ST., ROCKFORD, IL

1ST FLOOR PLAN

FOR MORE INFORMATION PLEASE CONTACT:

Karen B. Walsh, CCIM Karen B. Walsh, CCIM First Vice President First Vice President +1 815 218 3438 +1 815 218 3438 [email protected] [email protected]

Jennifer Berry Jennifer Berry Sales Associate Sales Associate +1 815 871 6156 +1 815 871 6156 [email protected] [email protected] FOR SALE OR LEASE 99 EAST STATE ST., ROCKFORD, IL

2ND FLOOR PLAN

FOR MORE INFORMATION PLEASE CONTACT:

Karen B. Walsh, CCIM Karen B. Walsh, CCIM First Vice President First Vice President +1 815 218 3438 +1 815 218 3438 [email protected] [email protected]

Jennifer Berry Jennifer Berry Sales Associate Sales Associate +1 815 871 6156 +1 815 871 6156 [email protected] [email protected] FOR SALE OR LEASE 99 EAST STATE ST., ROCKFORD, IL

TOWER FLOOR PLANS

FOR MORE INFORMATION PLEASE CONTACT:

Karen B. Walsh, CCIM Karen B. Walsh, CCIM First Vice President First Vice President +1 815 218 3438 +1 815 218 3438 [email protected] [email protected]

Jennifer Berry Jennifer Berry Sales Associate Sales Associate +1 815 871 6156 +1 815 871 6156 [email protected] [email protected] FOR SALE OR LEASE 99 EAST STATE ST., ROCKFORD, IL

ROCKFORD MARKET OVERVIEW

The City of Rockford, county seat of Winnebago County, is located on both Industry and Employment banks of the Rock River in far northwestern Illinois. Rockford is the third largest city in Illinois and is located 50 miles west of the Chicago Metropolitan Area. Rockford has deep roots in the manufacturing community with high employment Rockford is well known for its elm trees, hence its nickname “the Forest City”. concentrations in machining, metalworking, fastener fabrication and Many of the city’s parks were part of the street layout in the late 1890's and distribution, and transportation equipment industries, particularly aerospace early 1900's when subdivisions of that era were created. This extensive park and automotive design and manufacturing. These industries require highly- system is now overseen by the Rockford Park District, one of the largest and skilled technical employees, and historically, Rockford employees have most awarded park districts in the state of Illinois. generated higher productivity levels than the national average. With recent expansion announcements coming from the aerospace and automotive area, Neighboring communities that border Rockford - Cherry Valley, Loves Park, the community is poised to see significant job growth with over 1,000 new Machesney Park, Roscoe, Rockton, Belvidere, Winnebago, Poplar Grove, and employees being sought in these industries alone. New Milford - are considered an integral part of the Rockford metro area. The Rock River is the traditional center of the Rockford area and the city's most The Rockford metropolitan area is increasingly being influenced by recognizable natural feature. However, the city's center has been shifting east development trends that are taking place in the western edges of the over the past twenty-five years as development has moved towards Interstate Chicago metropolitan area. With the completion of the I-90 lane expansion 90. Also of note, South Beloit, Illinois and Beloit, Wisconsin are part of this in 2016, the distance between the urban fringe of the Chicago metro area continuous urban area that stretches for approximately 30 miles along the and Winnebago County (roughly the distance between Huntley/Elgin and Karen B. Walsh, CCIM Rock River, south from the Chicago Rockford International Airport, and north Rockford) is less than 30 miles and a driving distance of under 45 minutes First Vice President to the Southern Wisconsin Regional Airport in Beloit, Wisconsin. in normal traffic. +1 815 218 3438 Rockford [email protected] 2013 Estimated Employees Rockford has rich multi-cultural roots, dating back to 1835 when thousands of Rockford Business Occupation By Sector Jennifer Berry Swedish immigrants settled in Rockford between 1835 and the early 1900’s. Administrative Sales Associate Immigrants arriving in Chicago from New York encountered a cholera Trade & Labor & Support 22% +1 815 871 6156 epidemic, so they rode the trains west to the end of the line at Rockford. The 25% [email protected] Swedes’ metal and woodworking craftsmanship made Rockford a leading furniture center, with more than 90 furniture companies in existence between

1835 and 1960. Their descendants remained at the forefront of Rockford Service industry, adapting to changing needs and technologies. Soon, Italian, Executive & Personnel Professional 18% German, Irish and Polish immigrants settled in Rockford, adding to the city’s 35% rich ethnic heritage. FOR SALE OR LEASE 99 EAST STATE ST., ROCKFORD, IL

BUSINESS ENVIRONMENT

As office and industrial development move further northwest from Chicago ROCKFORD LARGEST EMPLOYERS along Interstate 90 (the Jane Adams Tollway) and the highway expansion to Rockford Public School District Education 4,800 accommodate increased traffic is completed, the Rockford metro area has Chrystler Belvidere Assembly Plant Automotive 4,375 been seeing increased attention from major corporations willing to locate SwedishAmerican Hospital Healthcare 2,600 and expand in the area. The region’s newest expansion focus has been Rockford Health System Healthcare 2,500 on high-technology design and manufacturing businesses and back office United Technologies Corp. Aerospace Mfg. 2,200 support centers, as well as the ever expanding tourism revenue generated by St. Anthony Medical Center Healthcare 2,000 museums, sporting venues, and its extensive park system. United Parcel Service Logistics 2,000

One such high technology business is UTC, the world’s largest supplier of local employment base of highly trained engineers and skilled production technologically advanced aerospace and defense products. In 2012 Rockford workers. Current employment is at 1,200 and expected to continue to grow saw the establishment of UTC Aerospace Systems through combining BF over the next five to ten years. Goodrick with Hamilton Sundstrand, a longstanding Rockford company dating back to the turn of the century. Today, the company workforce consist Other recent industry expansion has been in the area of healthcare. All three of over 2,200 primarily engineering and management employees. of Rockford's major health systems have seen significant growth in recent years. In 2008, OSF Saint Anthony established its Rock Cut Regional Care facility The 1960’s saw expansion of manufacturing with a new Chrysler Assembly in Machesney Park. In 2006, Swedish American completed construction of Plant, completed in 1965, and located in Belvidere (southeast of Rockford). a new cardiac care hospital on its main campus, and in 2013, completed The factory has roughly 4 million SF of floor space spread over 280 acres construction of a new state-of-the-art regional cancer center situated along of land. On the heels of completing a $600 million expansion in 2012, Interstate 90. Additionally, in late 2014, Swedish American announced its FCA announced in 2016 that the corporation will invest an additional $350 merger with the University of Wisconsin's UW Health system, cementing and million in the Belvidere Assembly Plant in preparation for starting production expanding a formal affiliation that began in 2010. This merger is expected of the Jeep Cherokee. FCA currently employs 4,700 and is expected to add to have a major impact on the research and delivery of medical care in 300 new positions by mid 2017. With the entrance of the Jeep Cherokee, northern Illinois and southeastern Wisconsin. Tier 1 suppliers – including Yanfeng Automotive (world’s largest supplier of automotive interiors), Toledo Molding and Die, and Magna Extrusion among In October 2014, Rockford Health System and Mercy Health Systems also others - are also expanding in the area, building a total of 700,000 SF and announced plans to merge and create a new, multi-region integrated health adding approximately 1,000 new manufacturing and management jobs. system comprising five hospitals, 550 physicians and 80 outpatient clinics in northern Illinois and southern Wisconsin. In mid 2016, Mercy/Rockford The Woodward Company (HQ: Ft. Collins, CO) in 2013 completed Memorial began breaking ground on a new $485 million women’s and construction of a new 300,000 SF second campus in Loves Park, north children’s hospital and rehabilitation facility on its site just east of I-90. of Rockford, on a 60 acre site. The facility is part of a $200 million investment in the Rockford community to expand Woodward's design and manufacturing capabilities in providing control solutions for the aerospace and energy markets. With the expansion, Woodward expected to double its FOR SALE OR LEASE 99 EAST STATE ST., ROCKFORD, IL

TRANSPORTATION EDUCATION Rockford is linked by highway to Chicago, Illinois; Madison, Wisconsin; Rockford University (formerly Rockford College) has deep roots in Rockford, and Milwaukee, Wisconsin by three major interstate systems: Interstate 90, first chartered in 1847. Its best known graduate is Jane Adams (RFS Class of Interstate 39, and Interstate 43. 1881), the founder of Chicago’s Hull House and recipient of the Nobel Peace Prize in 1931. Rockford University currently enrolls 1,300 undergraduate Rockford is also served by several different freight railroad lines operated students. In addition to its undergraduate programs, the university offers by Union Pacific; Canadian National; Iowa, Chicago & Eastern (Canadian pre-professional programs in pre-law, pre-medicine and related areas, and Pacific); and Illinois Railway. Union Pacific Railroad’s Global III Intermodal two graduate programs: Master of Arts in Teaching and Master of Business Facility is located approximately 25 miles south of Rockford in Rochelle, Administration. Illinois, a community of 10,000. The complex is one of the largest intermodal facilities in the world. Along with Rockford University, the city is the home to Rock Valley College, a community college serving 7,400 credit and 25,000+ non-credit students, Chicago-Rockford International Airport (RFD) is located in the southwestern Rockford Career College, St. Anthony College of Nursing and the University end of the city, 85 miles northwest of Chicago, and encompasses over 3,000 of Illinois at Chicago (“UIC”). At its Rockford campus, UIC offers three acres. RFD is home to the second largest regional parcel-sorting facility in programs: College of Medicine, College of Nursing, and College of Pharmacy. the UPS system - the only facility of its type that handles coast-to-coast cargo. In addition, several satellite branches of other schools, including Judson In 2014, the area saw the completion of Fed Ex’s 186,000 SF Cherry Valley University (based in Elgin), Northern Illinois University (based in DeKalb), and facility, an expansion of their presence in Rockford. Rasmussen College are present in the Rockford area.

The airport has progressively evolved from a general aviation facility to a The Rockford Public School District (RPS) covers about 170 square miles and dynamic commercial service airport. RFD is a United States Customs Port of serves over 28,700 students with 4,700 full and part-time employees. It is the Entry, is home to 30 industrial tenants, and is a grantee for Foreign Trade Zone third largest school district in the state, with 31 early education and elementary #176. The advantage of this designation is that the approved location has a schools, six middle schools, and five high schools. In addition, Rockford specially-designated area considered to be outside of U.S. Customs territory. supports 27 excellent sectarian and nonsectarian private schools ranging For that reason, when cargo arrives in the country for an FTZ operator, goods from elementary to secondary education. The surrounding communities in may immediately clear Customs. The cargo receives preferential treatment Rockford are supported by six quality neighboring school districts serving with duties deferred, reduced or eliminated. In addition, there are supply the balance of the area’s public school population. In 2014, the Rockford chain, inventory control and other savings available through the FTZ program. Public School District, supported by a $76.1 million referendum, launched a new capital improvement program including an emphasis on technology advancements and school safety that is now nearing completion. The diverse activities at RFD cause it to have a greater economic impact on the region it serves than any other commercial service airport in the State of Illinois, excluding the city of Chicago’s system of airports. In 2016, the airport also completed a 200,000 SF maintenance, repair and overhaul facility in partnership with the world’s third largest MRO provider, AAR. This facility is expected to draw business from around the US and employ up to 500. Passenger service is provided by Allegiant Air along with several other charter operations. FOR SALE OR LEASE 99 EAST STATE ST., ROCKFORD, IL

DEMOGRAPHICS FOR SALE OR LEASE 99 EAST STATE ST., ROCKFORD, IL

Karen B. Walsh, CCIM Jennifer Berry CBRE, Inc. First Vice President Sales Associate 973 Featherstone Rd. +1 815 218 3438 +1 815 871 6156 Rockford, IL 61107 [email protected] [email protected]

© 2018 CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. CBRE and the CBRE logo are service marks of CBRE, Inc. and/ or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. www.cbre.com/karen.walsh