BLACKHAWK ON HALSTED

AN IRREPLACEABLE 224,204 SF MIXED- USE DESTINATION IN ’S DYNAMIC NORTH & CLYBOURN CORRIDOR

Holliday Fenoglio Fowler, L.P. (“HFF”) an licensed real estate broker. igan ich M e Willis k a L Trump Tower Tower John Hancock CHICAGO CBD Center

Old Town Square

FF has been retained by Structured Development (the “Owner” or the “Developer”), on an exclusive basis, with respect to the disposition of Blackhawk Hon Halsted (the “Property”) – a premier 224,204 square foot mixed-use destination. Centre

The Property features 93,287 square feet of “Best-in-Class” medical tenancy, 48,016 square feet of national retailers, the 82,901 square foot prestigious British School, and a 534-space parking facility.

The medical office component of the Property is anchored by leading healthcare providers Northwestern Memorial (Moody’s Aa2), Advocate Health Care (Moody’s Kingsbury Center

Aa2) and Town & Country Pediatrics. A synergistic mix of other clinical and medical Halsted Street uses augment the remainder of the medical office space, which comprises 42% of

the total GLA. CTA Red Line Sono Apartments North / Clyborn and Condominums Goose Island Located in the heart of the dominant “North and Clybourn Retail Corridor”, Blackhawk on Halsted’s premier ground-level retail space is fortified by leading outdoor sporting

Kingsbury Street goods retailer, REI; this location is the Property’s flagship Chicago location and is a top five performing store for the retailer.

The British School (NYSE: NORD) is a 82,901 square foot free-standing building North Avenue

CTA Brown Line directly adjacent to the medical office and retail building. The British School recently expanded its space at Blackhawk on Halsted, and has a remaining lease term of 24.8 years that provides over $1.55 million in contractual rent increases to new investors.

The Property’s components work in unison with one another and the neighborhood, CTA Purple Line to create a vibrant destination for Lincoln Park’s affluent and dense consumer base.

 2 igan ich M e Willis k a Trump Tower Tower L INVESTMENT HIGHLIGHTS PROPERTY OVERVIEW John Hancock CHICAGO CBD Center Address: 1460 North Halsted Street Chicago, IL 60642 • Strategic & Transformative medical, retail and STNL GLA SF (% of GLA): Acquisition Opportunity in Major Market Dominant Medical: 93,287 (41.6%) Old Town Square Destination. British School: 82,901 (37.0%) Retail: 48,016 (21.4%) • Transit Oriented, Mixed Use Location – Nearly 7,000 Total: 224,204 (100.0%) Buildings: Retail/MOB The British School Parking Lincoln Park Centre households and residential units, 1.1 million square Floors: 4 5 + Rooftop 7 feet of office space, and 2.9 million square feet of retail Parking: 534 Spaces serviced by CTA’s North/Clybourn “L” station. Footprint: 1 City Block: Blackhawk (North), Halsted (East), Eastman (South), Dayton (West) • Vibrant and dense North and Clybourn Retail Corridor Occupancy: 100% –a rapidly growing 2.6 million square foot shopping Year Built: 2009 district. Site Size: 2.04 Acres Kingsbury Center

Halsted Street • Best-In-Class Medical Tenants Northwestern Memorial and Advocate Health are complemented by a diverse TENANT SUMMARY CTA Red Line Sono Apartments range of medical service specialties including: and Condominums TENANT SF %GLA North / Clyborn Goose orthopedics, dental, dermatology, pediatrics, and Island MEDICAL OFFICE ANCHOR TENANCY physical therapy. Northwestern Memorial Hospital 25,825 11.5% Town & Country Pediatrics (Lurie's Children) 16,100 7.2% Kingsbury Street • 46,663 square feet of ground-level retail home to The Advocate Health Center, Inc. 13,754 6.1% Tile Shop and REI’s Flagship Chicago location, a top 5 Diamond Headache Clinic (Presence Health) 12,864 5.7% performing store for the retailer. ANCHOR RETAIL TENANCY North Avenue REI 28,793 12.8%

CTA Brown Line • Substantial contractual Increases with over 20% NOI The Tile Shop 13,372 6.0% growth over 10 years. THE BRITISH SCHOOL 82,901 37.0%

• 12.80 Years Weighted Average Lease Term. OTHER TENANCY 30,595 13.5%

CTA Purple Line Occupied SF 224,204 100.0% Total SF 224,204 100.0%

3  CTA Purple Line

Lincoln Park Average Single Family Home Price = $1 million+ CTA Brown Line

Lincoln Park Centre

CTA Red Line North / Clyborn

Clybourn Avenue North Avenue Halsted Street Halsted

Kingsbury Street Sono Apartments and Condominums

The North and Clybourn Corridor is located Kingsbury Center in Chicago’s Lincoln Park neighborhood, which has some of the city’s most affluent residents with average household incomes of over $121,000 and an average single family home price of over $1 million.

DEMOGRAPHICS OVERVIEW POPULATION 1-MILE RADIUS 3-MILE RADIUS HOUSEHOLDS 1-MILE RADIUS 3-MILE RADIUS HOUSEHOLD INCOME 1-MILE RADIUS 3-MILE RADIUS 2020 Projection 75,570 299,438 2015 Estimate 44,773 156,622 Average $121,809 $110,965 2015 Estimate 69,713 282,385 2015-20 Growth 8.70% 6.41% $100k+ Households 18,003 59,624 2015-20 Growth 8.40% 6.04% $150k+ Households 10,945 34,857 Bachelor’s Degree 79.30% 72.70%

 4 N Howe St RECENT DEVELOPMENTS: 1855 N. Sheffield YEAR CONSTRUCTED

N Marcey St Clybourn Galleria 2000 - 2005 2006 - 2010

N Fremont St NORTH & CLYBOURN CORRIDOR 2011 - 2015

N Kingsbury St Under Construction

Blackhawk on Halsted is located at the heart N Sheffield Ave W Willow St 1720 N. Marcey

N Dayton St of the North and Clybourn Retail Corridor, one N Halsted St N Burling St N Orchard St N Bissell St of the city’s busiest and burgeoning shopping districts. At the time of construction, the area was The Shoppes predominately industrial, sparsely populated,N Adaand St N Clybourn Ave at Clybourn 1617-1619 N. Clybourn N Larrabe St

N Vine St surrounded by empty land that bore the remnants N Throop St W Concord Pl 1625 N. Halsted of the former Cabrini-Green development. Today, 908 W. North Ave. the North and Clybourn Corridor is arguably the North/ 64 64 North Ave North & Kingsbury North Avenue Clybourn most desired retail location in Chicago, featuring Collection NORTH SIDE MAIN LINE a nucleus of premier developments such as Whole Apple Store Shops on Lincoln Park Center

Foods’ flagship location, The Apple Store, the $260 N Dayton St W Weed St Nordstrom W Weed St N Fremont St Fremont million mixed-use New City development as well Rack New City W LaMoyne St as category-leading retailers Restoration Hardware, Whole Foods N Elston Ave N Magnolia Ave SoNo East Victoria’s Secret, Forever 21, Nordstrom Rack, and W Blackhawk St SoNo West J. Crew. These uses are supported by over 1,000 recently completed multi-housing units in the area. River Chicago of Branch North 90 W Eastman St

W Blackhawk St N Ogden Ave N Cherry Ave Cherry N 94 Pump It Up/NCSA 1,966 TOTAL # OF RESIDENTIAL UNITS N Kingsbury St N Branch St Branch N Kingsbury Center N Hooker St

1.1 MILLION TOTAL SF OF OFFICE SPACE North Town Village

N Hickory Ave Target 2.9 MILLION TOTAL SF OF RETAIL 1234 N. Halsted

West Marine W Division St W Division St 625 W. Division

5  STACKING PLAN

MEDICAL OFFICE & RETAIL COMPONENT PARKING STRUCTURE

The British School Northwestern Medical Level 7 82,901 SF Diamond Headache Clinic Lakeshore Women’s Health Group / Pediatrics Nima Skin Institute Associated Allergists Level 4 12,864 SF 2,268 SF 14,360 SF 2,681 SF 2,213 SF Suite S501 Suite S503 Suites S502, S504 Suite S505 Suite S506 Level 6

Advocate Medical Group Pine Dental Town and Country Pediatrics Level 3 13,754SF 4,814 SF 16,100 SF Level 5 Suite S401 Suite S403 Suites S402, S404 Level 4 Primary Care Quest Diagnostics Northwestern Medical Group / Dermatology Medical Associates Level 2 1,416 SF 11,465 SF 5,442 SF Suite S201 Suite S203 Suite S202 Level 3

REI The Tile Shop Chicago Northside Halsted Temp Tenant Farrell’s Extreme 28,793 SF Level 2 13,372 SF MRI Center Pharmacy 2,134 SF Bodyshaping Suite 1N Ground Suite 1S 3,776 SF 1,386 SF Suite 819-B 3,112SF Suite S102 Suite S101 Suite 821 Ground Level

% In-Place Revenue Total Square Feet Expiring % of Total GLA 120,000 100% 90% 100,000 80% 70% 23% 80,000 21% 60% 42% 60,000 50% 42% 40% 40,000 30% 20% 35% 20,000 37% 10% - 0% 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025+

MEDICAL OFFICE THE BRITISH SCHOOL RETAIL TOTAL SF EXPIRING CUMULATIVE % MEDICAL OFFICE THE BRITISH SCHOOL RETAIL

 6 RETAIL MEDICAL OFFICE DEBT PLACEMENT

Amy Sands Clinton Mitchell Jonathan Norton Michael Bennett Phil Mahler Michael Janus Matt DiCesare Michael Kavanau Danny Kaufman Director Director Real Estate Analyst Managing Director Managing Director Real Estate Analyst Real Estate Analyst Managing Director Managing Director 312.980.3613 312.980.3619 312.300.7291 312.528.3694 312.300.7319 312.528.3677 312.300.7305 312.528.3676 312.528.3684 [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected]

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Holliday Fenoglio Fowler, L.P. (“HFF”) an Illinois licensed real estate broker.

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HFF has been engaged by the owner of the property [properties] to market it [them] for sale. Information concerning the property [properties] described herein has been obtained from sources other than HFF and we make no representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all references to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a buyer. Buyers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change.