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Executive Summary EXECUTIVE SUMMARY hfflp.com 2 CONTACTS INVESTMENT SALES FINANCING HFF OFFICE SEAN P. FOGARTY STEPHEN SKOK ƐƔƏou|_!b;uvb7; -m-]bm] bu;1|ou -m-]bm] bu;1|ou "b|;ƑƔƏƏ ŐƒƐƑőƔƑѶŊƒѵƕƔ ŐƒƐƑőƔƑѶŊƒѵѶƐ _b1-]oķѵƏѵƏѵ v=o]-u|Š_Zrĺ1ol vvhohŠ_Zrĺ1ol ĹŐƒƐƑőƔƑѶŊƒѵƔƏ ĹŐƒƐƑőƔƑѶŊƒѵƔƐ MARTY F. O’CONNELL DANNY KAUFMAN -m-]bm] bu;1|ou -m-]bm] bu;1|ou ŐƒƐƑőƔƑѶŊƒѵƔƒ ŐƒƐƑőƔƑѶŊƒѵѶƓ lo1omm;ѴѴŠ_Zrĺ1ol 7h-=l-mŠ_Zrĺ1ol WICK B. KIRBY ";mbou bu;1|ou ŐƒƐƑőƖѶƏŊƒѵƐƐ hbu0Š_Zrĺ1ol KEVIN M. GIRARD bu;1|ou ŐƒƐƑőƔƑѶŊƒѵѶƖ h]bu-u7Š_Zrĺ1ol MATTHEW D. LAWTON ;1ঞ;-m-]bm] bu;1|ou ŐƒƐƑőƔƑѶŊƒѵƔѵ lѴ-|omŠ_Zrĺ1ol šƑƏƐѶoѴѴb7- ;mo]Ѵbo oѴ;uķĺĺķ !;-Ѵ v|-|;blb|;7Ő1oѴѴ;1ঞ;Ѵķľ Ŀőķ ";1ubঞ;vĺĺ-m7 ";1ubঞ;vblb|;7Ő1oѴѴ;1ঞ;Ѵķľ "Ŀő-u;om;70 ķm1ĺŐ+" Ĺ őĺ -m7b|v-LѴb-|;vor;u-|;o|o= ƑƔoL1;v-m7-u;-Ѵ;-7bm]ruob7;uo=1oll;u1b-Ѵu;-Ѵ;v|-|;-m71-rb|-Ѵl-uh;|vv;ub1;v|o|_;]Ѵo0-Ѵ1oll;u1b-Ѵu;-Ѵ;v|-|;bm7v|uĺ ķ|o];|_;ub|_b|v-LѴb-|;vķo@;uv1Ѵb;m|v-=ѴѴbm|;]u-|;71-rb|-Ѵl-uh;|vrѴ-oul bm1Ѵ7bm]7;0|rѴ-1;l;m|ķbm;v|l;m|-7bvouķ;tb|rѴ-1;l;m|ķ=m7vl-uh;ঞm]ķş-m71ourou-|;-7bvouķѴo-mv-Ѵ;v-m7Ѵo-mv;ub1bm]ĺ oulou;bm=oul-ঞomrѴ;-v;bvb|_Zrĺ1olou=oѴѴo om$b;uŠ ĺ _-v0;;m;m]-];70|_;om;uo=|_;ruor;u|Œruor;uঞ;vœ|ol-uh;|b|Œ|_;lœ=ouv-Ѵ;ĺm=oul-ঞom1om1;umbm]|_;ruor;u|Œruor;uঞ;vœ7;v1ub0;7_;u;bm_-v0;;mo0|-bm;7=uolvou1;vo|_;u|_-m ķ-m7m;b|_;u m;umou ķmou|_;buu;vr;1ঞ;;tb|_oѴ7;uvķoL1;uvķ;lrѴo;;v-m7-];m|vl-h;v-mu;ru;v;m|-ঞomvou-uu-mঞ;vķ;ru;vvoublrѴb;7ķ-v|o|_;-11u-1ou1olrѴ;|;m;vvo=v1_bm=oul-ঞomĺm-m7-ѴѴu;=;u;m1;|o -];ķvt-u;=oo|-];ķbm1ol;ķ;r;mv;v-m7-mo|_;uruor;u|vr;1bC1bm=oul-ঞom-u;-rruobl-|;ĺmorbmbomvķ-vvlrঞomvķou;vঞl-|;v1om|-bm;7_;u;bm-u;ruof;1ঞomvomѴ-m7v;7=oubѴѴv|u-ঞ;rurov;v-m7l-0; 0-v;7om-vvlrঞomvou7;7bѴb];m1;1ub|;ub-7b@;u;m|=uol|_-|v;70-ru1_-v;uķ-m7 ķb|vr-u|m;uvķoL1;uvķ;lrѴo;;v-m7-];m|v7bv1Ѵ-bl-mѴb-0bѴb||_-|l-0;0-v;7romouu;Ѵ-|;7|o|_;bm=oul-ঞom1om|-bm;7 _;u;bmĺuovr;1ঞ;ru1_-v;uvv_oѴ71om71||_;buombm7;r;m7;m|bm;vঞ]-ঞom-m7u;Ѵom|_ov;u;vѴ|vĺ$_;bm=oul-ঞom1omEXECUTIVE SUMMARY | PROPERTY OVERVIEW|-bm;7_;u;bmbvv0f;1||o1_-m];ĺ | MARKET OVERVIEW | LOCATION OVERVIEW | FINANCIAL OVERVIEW 3 WHY CHOOSE ONE THING WHEN YOU CAN KENECT WITH EVERYTHING? EXECUTIVE SUMMARY | PROPERTY OVERVIEW | MARKET OVERVIEW | LOCATION OVERVIEW | FINANCIAL OVERVIEW 4 THE OFFERING bvrѴ;-v;7|oru;v;m|t-ѴbC;7bm;v|ouvb|_|_;orrou|mb||o-1tbu;;m;1|_b1-]oķ--rr-];ou];-l;vŊ7;vb]m;7ķ 0oঞt;ķ|u-mvb|Ŋoub;m|;7u;vb7;mঞ-Ѵ-m7u;|-bѴ1olrѴ;b|_ƑƑƕѴubovѴ-rrobm|;7_ol;v-m7m;-uѴƐƓķƏƏƏvt-u;=;;|o= rubl;u;|-bѴvr-1;ĺ;m;1|ķ7;;Ѵor;70h-u--u|m;uvķbvb7;-ѴѴѴo1-|;7bm|_;b0u-m| Ѵ|om-uh;| bv|ub1|b|_bm|_;);v| oorv0l-uh;|o= om|om_b1-]oĺ$_;1ollmb|bvvb|-|;7-||_;1om;u];m1;o=|_;lov|7m-lb1m;b]_0ou_oo7vbm |_;1b|Ĺ Ѵ|om-uh;|-m7!b;uou|_b|_1om;mb;m1;|o|_;oor0vbm;vv7bv|ub1|ĺ;m;1|0;m;C|v=uolbll;7b-|;-11;vv |or0Ѵb1|u-mvrou|-ঞomķ--u7Ŋbmmbm]u;v|-u-m|v-m7mb]_|Ѵb=;ķ|or;lrѴo;uvķ-m7;;u7-1om;mb;m1;vĺ ;m;1|bvѴo1-|;7bm|_;mou|_;-v|v;1ঞomo=|_; Ѵ|om-uh;| bv|ub1|ķ|_;lov|vo]_|-[;uu;vb7;mঞ-Ѵķ_ovrb|-Ѵb|ķ-m7 |;1_oL1;v0l-uh;|bm-ѴѴo=_b1-]oĺ$_;ruor;u|bv-7f-1;m||o|_;u-m7Ѵ;Ѵbm;$v|-ঞomķo@;ubm]u;vb7;m|v|_; =-v|;v|7oouŊ|oŊ7oou1oll|;|o|_;ooro=-m-r-u|l;m|1ollmb|Ѵo1-|;7o|vb7;|_; ķ-v;ѴѴ-vu;;mņbmhѴbm; v|-ঞomv-Ѵom]-h;"|u;;|ķ-m7;|u-Ѵbm;v-|&mbom"|-ঞom-m7]bѴb;$u-mvrou|-ঞom;m|;uĺ$_;1ollmb|bv-Ѵvob|_bm -Ѵhbm]7bv|-m1;|ol-fou7;l-m77ub;uvbm1Ѵ7bm]|_;;u1_-m7bv;-u|ķѵƏƏ)_b1-]oķoo]Ѵ;Ľvb7;v| ķ-m7|_; =|u;_ol;o=1 om-Ѵ7Ľvķ-v;ѴѴ-v_b1-]oĽvlov|_b]_ruoCѴ;m;oL1;7;;Ѵorl;m|vĺ VIEW FROM KENECT PENTHOUSE TERRACE EXECUTIVE SUMMARY | PROPERTY OVERVIEW | MARKET OVERVIEW | LOCATION OVERVIEW | FINANCIAL OVERVIEW 5 OFFERING SUMMARY | KENECT NAME: Kenect ADDRESS: 504 & 505 N Green Street Chicago, IL 60642 NUMBER OF STORIES: High-Rise: 14 stories Low-Rise: 4 stories NUMBER OF HOMES: 227 RENTABLE SQUARE FEET: 156,221 SF AVERAGE HOME SIZE: 688 OCCUPANCY (as of 12/26/17): 89% occupied YEAR BUILT: 2016 AVG. ASKING RENT (as of 12/26/2017): $3.38 PSF PARKING: 92 rentable garage spaces 6 first floor garage spaces 4 retail dedicated garage spaces 102 TOTAL SPACES PARKING RATIO: 0.45 spaces per home RETAIL SPACE: 13,915 SF FINANCING Free and Clear - available on an All-Cash basis. Please contact Steve Skok (contact information on back of this offering) for debt quotes/assistance. TOURS A tour of the property can be arranged by HFF. Please coordinate with Sean Fogarty of HFF to set up a tour of the community. EXECUTIVE SUMMARY | PROPERTY OVERVIEW | MARKET OVERVIEW | LOCATION OVERVIEW | FINANCIAL OVERVIEW 6 UNIT MIX SUMMARY MARKET RENT CODE DESCRIPTION COUNT SQ. FT. $ PSF 0x1 Studio / Convertible 76 477 $1,805 $3.78 1x1 One Bedroom / One Bath 123 693 $2,263 $3.27 2X2 Two Bedroom / Two Bath 20 1,132 $3,477 $3.07 3x3 Three Bedroom / Three Bath 8 1,510 $5,356 $3.55 TOTAL/WEIGHTED AVERAGE 227 688 $2,326 $3.38 Source: Dec 26, 2017 Rent Roll EXECUTIVE SUMMARY | PROPERTY OVERVIEW | MARKET OVERVIEW | LOCATION OVERVIEW | FINANCIAL OVERVIEW 7 STEPS FROM THE PROPERTY... GRAND BLUE LINE STOP CTA BUS CONNECTION: DIVVY STATION ADJACENT AVOID THE INTERCITY TRAFFIC JAMS… NEXT TO KENECT #8, #56, #65, #132 TO BUILDING LESS THAN 1 MILE TO OUTSIDE THE FRONT DOOR KENNEDY EXPRESSWAY GRAND TO WEST LOOP WEST TO TO RIVER NORTH TO THE LOOP “ We’ve timed how long it takes to get from my apartment to the Clark & Lake Station...it’s only seven minutes.” ҄ $! " $ EXECUTIVE SUMMARY | PROPERTY OVERVIEW | MARKET OVERVIEW | LOCATION OVERVIEW | FINANCIAL OVERVIEW 8 UNIQUE OPPORTUNITY ;m;1| _b1-]o bv mbt;Ѵ rovbঞom;7 -| |_; 1om;u];m1; o= _b1-]oĽv lov| 7m-lb1m;b]_0ou_oo7vĹ);v|oorņ Ѵ|om-uh;|ķ!b;uou|_ķ|_;bѴ-h;; ;m; 1ouub7ouķ -m7 lbm|;v =uol |_; |u-7bঞom-Ѵ oor 0vbm;vv 7bv|ub1|ĺ 77bঞom-ѴѴķom;o=|_;1ollmb|Ľv0b]];v|v;ѴѴbm]robm|vbvb|vѴo1-ঞomub]_| m;||o|_;u-m7Ѵ;bm;v|-ঞom-m7|_;v_ou|1oll|;|o7om|omĺ MERCHANDISE MART NEW OFFICE DEVELOPMENTS Minutes to the world-renowned Minutes to Downtown Chicago’s most Merchandise Mart, heart of the anticipated new office developments: Midwest’s burgeoning tech scene, River Point, 150 N Riverside Plaza, 151 N home to 13,500+ employees, and Franklin, and 110 N. Wacker Dr. – totaling one of the largest buildings by floor 10,000+ employees in 4.5 million SF of area in the world brand new 5-star office space TOP EMPLOYER HEADQUARTERS CHICAGO’S LEADING TECH HUB TOP ENTERTAINMENT DISTRICTS Located in the heart of Chicago’s leading Convergent location offers direct Walking distance to Google’s tech hub featuring innovative firms like access to top entertainment districts Midwest Headquarters and the Uber, Facebook, Gogo, Echo, Yelp, Motorola including the Hubbard Street Corridor future home of McDonald’s World Mobility, and Braintree, in addition to in River North and Restaurant Row in Headquarters in Chicago’s vibrant top traditional Loop employers Boeing, the West Loop as well as the Theatre West Loop Leo Burnett, Deloitte, Ernst & Young District and the Magnificent Mile EXECUTIVE SUMMARY | PROPERTY OVERVIEW | MARKET OVERVIEW | LOCATION OVERVIEW | FINANCIAL OVERVIEW 9 $҄&! $ ""$+Ĺ ;u_;u;bmƐƔlbm|;vouѴ;vv 90 CHESTNUT ST S T CHICAGO TRIBUNE ChicagoCChhiicca Chicago Ґ &$&! ( $ґ CHICAGO AVE CHICAGOCHICCAAAGGO AVEAVE GALLERY DISTRICT 94 Chicago CHICAGO AVE MICHIGAN AVE M I ACCESS THE CTA BLUE LINE DEARBORN ST CLARK ST LASALLE ST C STATE ST STATE H ORLEANS ST VIA THE NEIGHBORING I SUPERIOR S GGA MIL A GRAND STREET STATION SUPERIOR ST N WAUKEE SUPERIOR ST. A V WELLS ST GALLERY DISTRICT E AVE HURON ST HALSTED ST WALK TO THE LARGEST CONCENTRATION MICHIGAN AVE OF ART GALLERIES IN THE US, (MAGNIFICENT MILE) MILE MAGNIFICENT ERIE ST OUTSIDE OF MANHATTAN KENNE ST CLAIR STROLL ALONG RUSH ST FAMOUS CHICAGO’S AVE WABASH DY 600 WEST CHICAGO FRANKLIN ST ONTARIO ST E ONTARIO ST )! ҃"" XPX P GRAND STREET MAGNIFICENT MILE RESSWR ONE OF CHICAGO’S PREMIER E SS CTA STATION S TECH AND INNOVATION HUBS OHIO ST VE W A A Y K EN I NGSB Grand OGD GRAND AVERIVER NORTH’S Grand/CTA Blue Line UR Y HOTTEST NIGHTLIFE GRAND AVE ST HUBBARD STREET GRAND AVE CORRIDOR IS A SHORT WALK AWAY Grand/CTA ILLINOIS ST Bus Stop TAKE THE HIPSTER HIGH҃ HUBBARD STREET HUBBARD ST WAY TO WICKER PARK, CORRIDOR HUBBARDRD STST BUCKTOWN & LOGAN R ST ATERTEER ST MILWAUKEE AVE THTH W SQUARE NEIGHBORHOODS NORNNOO 90 KINZIE ST KINZIE ST FULTON MARKET KINZIE ST WALK TO MERCHANDISE CLINTON ST MART, CHICAGO’S TECH WALK TO THE EMERGING 94 DESPLAINES ST AND INNOVATION HUB GREEN ST FULTON MARKET TECH AND ENTERTAINMENT CORRIDORPEORIA ST RACINE AVE CARROLL AVE MI CANAL ST RIVER POINT GOOGLE’S MIDWEST LW RIVERWALK HALSTED ST 150 N RIVERSIDE PLAZA HEADQUARTERS CONVENIENT GROCERY STORE AU MERCHANDISE MART KEE 151 N.
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