North Lincoln Avenue KEY PROPERTY STATISTICS Holliday Fenoglio Fowler, L.P
6677 North EXECUTIVE SUMMARY Lincoln Avenue
Bryan Rosenberg & Pat Shields, licensed real estate brokers in the state of Illinois, along with Holliday Fenoglio Fowler, L.P. (collectively “HFF”). 6677 North Lincoln Avenue KEY PROPERTY STATISTICS Holliday Fenoglio Fowler, L.P. (“HFF”) is pleased to present 6677 North Lincoln Avenue (the Address: 6677 North Lincoln Avenue “Property” a boutique office building strategically located at the intersection of urban and suburban City: Lincolnwood, IL Chicago. Located just 10 miles north of the CBD, 6677 North Lincoln Avenue is situated at the heart Total Rentable Area: 28,336 RSF of the established North Lincoln Avenue retail corridor, which serves as a gateway to Chicago's Built/Renovated: 1968/1994 affluent North Shore suburbs. With a history of strong tenant retention, investors are provided a Stories: 4 unique opportunity to secure long term stable cash flow through continued execution of tenant Percent Occupied: 95.7% renewals in a rising market. WALE: 1.34 Years Typical Floor Plates: 6,695 RSF Finished Ceiling Height: 8' Estimated Slab to Slab Ceiling Height: 10' Surface Parking: 101 Stalls
2 EXECUTIVE SUMMARY 6677 North Lincoln Avenue
AMENITY RICH SUBURBAN IN-FILL The Property's unique urban in-fill location at the center of the North Lincoln retail corridor offers tenants convenient access to transportation as well as an abundance of dining, entertainment and retail amenities. Lou Malnati’s, Chicago’s famous pizzeria, opened its first location adjacent to the Property in the early 1970’s. Also in proximity to the Property is Bryn Mawr Country Club, one of the premier clubs in the country. Lincolnwood Town Center Mall is under a mile from 6677 North Lincoln Avenue, providing direct access to over 90 retailers, such as Old Navy, Kohl’s, Express, Victoria’s Secret, and more. L. Wood’s Tap and Pine Lodge, located along the Lincoln Avenue corridor, is one of the first Lettuce Entertain You restaurants brought to the Chicagoland area. The Lincoln Avenue retail corridor drives significant traffic through the area by providing a collection of best-in-market historic establishments.
Lincolnwood Town Center Retailers @titude Boost Mobile Express GameStop Kohl's Chicago Rapid Repair Jewelry & The Children's Place Villa Fresh Italian 4 Seasons Nails Candy Mart Express Men GFC Buffalo's LensCrafters New York & Company Watches The Coffee Beanery Kitchen 90 Miles Cuban Cafe Carson Pirie Scott Family Chiropractic GNC Lids Outlet Regis Salon Things Remembered VisionWorks ABE & Co. Champs Sports Famous Footwear Great Steak & Potato Lincolnwood Town Nori Japan rue21 T-Mobile XFINITY AccessorEZ Charlotte Russe Femme Fatale Company Center Dental Old Navy Spencer's Top Note Performing Zales Arman Jewelers Chicago Locker Room Finish Line Haagen-Dazs Metro PCS Oxford Jewelers Sprint Store by Wireless Arts Academy Zippity Zoomer Rides Art of Health by Lids Foot Locker Hot Topic Modern Nails Payless ShoeSource Evolution Torrid Zuni's Salon Auntie Anne's Pretzels Claire's Forget-Me-Not Journeys Mulan Perfume Outlet Sunshine Phone Ac- Underground by Bath & Body Works Dolce Vita Boutique Kay Jewelers Natural Radiance Spa Piercing Pagoda cessories Journeys Best Buy Mobile ecoATM Gamers World Kids Foot Locker NBG Outfitters of PINK The Art of Threading Victoria's Secret 6677 94 North 156,800 Cars Village of Lincolnwood City Hall Per Day Lincoln Lincolnwood Avenue Centennial Carefirst Home Park Health Services Inc
17,200 Cars Bryn Mawr Per Day US Route 41/Lincoln Avenue Country Club
Firestone Complete Auto Care Northshore Pediatrics
EXECUTIVE SUMMARY 3 1 2 3 4567 8 Milwaukee 423 421 423Sheridan Lehigh 422 Lake Business Center Dr 422 Skokie Central Forest 294 421 422 SEPTEMBER 2010 Feehanville Preserve Wilmette Laramie Greenwood 3rd Glenview Forest 4th Preserve 210 Hibbard 213 Linden Glenview 421 Rand 272 94 221 Glenview Dewes 422 Glenview Dearlove 00 CTA bus routes (1-206) 221 Lyman Central Central Northwest Hwy Wolf 201 AM Lavergne 206 Green Bay CTA Hyde Park bus routes 000 A Tri-StateTollway Dee Old Orchard 205 (170–172 and 192) A PM 270 208
Des Sheridan Harms Harrison 54A 205 Sherman Plaines 000 Pace bus routes (208 and up) Grey Noyes 234 Evanston Harlem Waukegan Golf Golf 97 Golf Simpson State Golf Golf Ridge 201 Broadway 6677208 208 Ashland
208 Maple 240 54A 213 Foster 000 Part-time service only X98 to/from Emerson 93 234 Irving Park
Dee Blue Line North 626 Church Night Owl service only Golf 208 Station River Rd Church 208 Davis 208 Miner 270 No stops Ballard 206 241 Lincoln 423 Morton 000 along bus route 210 AM Thacker Miner Dempster Grove Edens Expwy Dempster 230 250 250 250 206 Dempster Limited stops Northwest Hwy Milwaukee PM Ellinwood 209 along bus route
Avenue Ferris 240 Evanston
226 Park Niles Dodge Bus route terminal 221 Graceland 209 Lee Potter Ridge THE BEST OF BOTH WORLDS 230 Niles Free Bus
Crawford All CTA and Pace bus routes Greenwood Center Routes 411 , 412, 413 Ridge Call 847-588-7960The Property is uniquely positioned at the intersection of are accessible Oakton Oakton Oakton B 226 226 Chicago's urban and suburban communities and is connected B
Asbury LAKE
Lee to the surrounding area via unrivaled Chicago Transit Authority Busse Hwy 94 Wolf White 241 Trains operate daily unless noted. 250 Howard funded public transportation networksHoward as well as Chicago's Howard Howard 225 225 r US Route 41 / Lincoln Avenue Jane Addams Tollway Blue Line
Des Dee prime north south artery, Interstate-94. Niles Between O’Hare, Downtown,
600 Plaines 284 240 Prospect and Forest Park 606 290 Bus to Purple Touhy Touhy Overhill MICHIGAN 610 221 241 290 223 Mannheim BEST OF THE SUBURBS 290 & Red Line 290 Brown Line 616 Park Between Kimball and Downtown 221 209The Property offers immediate access to affluent North Shore Maple Ridge 90N 230 Green Line Talcott communities such as Evanston, Glenview, Winnetka, and River Rd 226 Pratt Between Harlem/Lake, Downtown, 90 Pratt
Kedzie and 63rd Street terminals California
Courtland Wilmette, which are home to a highly educated white collar 68 270 Clark 223 241 290 Avondale 225 Western 250 Scott labor force and many423 area executives. The average household Higgins Imlay Orange Line 221 Ozanam 56A Stillwell Devon Devon Devon 240 income of88 the surrounding north56A suburban communities ranges Between Midway Airport Devon 241 and Downtown Forest Milwaukee Zemke between $110,900 to $250,000. Fittingly, the North Suburban 6677 223 Preserve Talcott Pink Line market is home to 15 of Chicago's 34Northwest Fortune86 Hwy 500 headquarters North
Bessie Coleman Peterson Peterson Between 54th/Cermak and Downtown 225 84 Ridge
C alongCanfield with numerous other prominent corporate locations. Bus to C 330 Cumberland Higgins 94 Lincoln Rosemont 209 94 Purple Line Brown Line Between Linden and Howard Oriole Avenue53 BEST OF THE CITY 68 airport transit Bryn Mawr Higgins 11 Purple Line Express Pearl The Property is ideally situated in the first suburb outside of 11 Between Linden and Downtown, 81W 91 River325 Rd weekday rush periods only Canfield 88 Kimball 326 the ChicagoFoster limits, providing for convenient Higginsconnectivity to the Foster Pulaski Foster 64 92 326 AM Delphia AM PM PM City. The property is situated 15 minutes from the Bryn Mawr Red Line 90 Between Howard, Downtown, 332 Nagle CTA Red Line stop and 3 miles from the Kedzie CTA Brown 136 and 95th/Dan Ryan East River Rd Gunnison Lawrence Lawrence 81W Mannheim Lawrence 69 Line81W stop, which provides public transportation to popular Western 144 90 Yellow Line 332 326 325 331 urban residential neighborhoodsHarwood such as Lakeview and Between Skokie and Howard O’Hare Cargo Norridge Access Road Heights Lincoln Park, along with access to the Loop, Chicago’s Central Montrose 78 Montrose Free train
River Rd Business District. This public transit connectivity coupled with 25th Belmont connections 148 the convenient accessForest to Interstate-94 Preserve positions Lincolnwood at station 332 330 Irving Park Oak Park 135 Irving Park 326 Irving Park Schiller as a highly80 accessible office market. Green Irving Park 9 136 D Waveland Park 25th Accessible station D 82 144 Rockwell EXECUTIVE SUMMARY Cicero Sheltered bicycle parking Harlem Austin Franklin Central 4 Narragansett Addison Addison 154 135 Franklin 152 152 152 319 Addison 148 Rose Addison 145 Cumberland Roscoe Auxiliary station entrances Paulina Franklin Park Southport Park 146 Addison Farecard machines and sta at this entrance 294 8 Belmont Belmont 151 Belmont 319 151 77 No farecard machines at this entrance. 319 77 77 Lincoln P Franklin 135 Belmont 11 156 56 90 136 90 86 91 94 Wellington 22 36 77 Laramie 144 Except Edgington ark Thatcher Sheridan Neva Elmwood Kedzie 319 76 76 76 145 Downtown Diversey Kennedy Expwy Cannon Park 49 Diversey Clark 146 Station served daily 319 54 52 50 9 River Rd 85 53 134 147 Halsted Grand Conti Pkwy 307 143 Station served weekdays only Nordica Grand 148 Fullerton 22 307 319 Fullerton La 74 74 Lincoln k Tri-State Tollway Tri-State Station served weekday Wolf 25th Mannheim River 36 e Shore Dr 151 134 nonstop between rush periods only 65 Grand 74 Arlington (2500N)/Stockton 319 330 325 Grove 331 Sheeld 156 and Wacker/Columbus 1st Webster Stockton Latrobe 82 307 Armitage Armitage Armitage Armitage 143 Bloomingdale 73 73 73 nonstop between E Milwauk 132 Arlington (2500N)/Stockton E Northlake Cortland 11 and Michigan/Delaware Point of interest ee Racine Sat- 72 5th 33 to North Sun Hermitage Harlem Michigan Ave 11 44th 39th
North Narragansett North North Sedgwick Park & Ride lot 72 72 309 318 303 318 311 72 Inner North/ 22 Drive 9th Humboldt Expressway or tollway Stone 56 Clybourn 94 757 90 Oak Park 36 Ashland Oak Park Ridgeland Austin Cicero Park Central Laramie 65 8 California Western Damen Lake Homan Kimball Clark/Division
Thatcher Park Division Chicago street numbers 305 70 Division 70 151 Melrose 86 156 Broadway 57 52 50 9 Chicago street numbers start at State 309 Park Forest . State Street
Halsted Sedgwick and Madison downtown Pulaski State Clark 331 Preserve Sacramento River Chicago Chicago LaSalle divides east and west addresses, and Madison 66 66 Street divides north and south addresses. 309 Forest to North St. Charles 313 Suburban street numbers vary; not all use Marion Michigan Ave Oak Park Harlem/Lake Ridgeland 313 Austin Lake 94 33 65 Chicago’s system. One mile is equal to 800 Justine 309 313 Mayfield Grand street numbers. Example: Montrose (4400 N) Ashland Laramie Central Berkeley St Louis Cicero
Pulaski is one mile north of Addison (3600 N). Conservatory– Drive Park Central 25th Bellwood Kedzie Lake California 19th Lake Fulton 290 South Washington 305 Blvd 303 315 Garfield SEE 310 757 Park
Butterfield Lombard Humphrey Madison Madison Madison Cli nton F 17 317 17 303 310 317 320 20 20 20 DOWNTOWN F Jackson 320 Jackson Jackson MAP 757 Maybrook 318 307 311 Oak 126 126
325 Maywood Hamlin 126 315 85 57 Congress 747 1st Park Columbus 7 Van Buren Des Plaines Bellwood served Harrison Kostner Eisenhower Expwy Park 7 7 7 88 by 310 Harrison 290 747 757 Harrison 60 Harrison Fifth Polk Ogden Forest 91 Lexington Taylor Polk 157 Taylor
5th 157 Wolf Hillside Roosevelt Homan Roosevelt Roosevelt Park Roosevelt 12 12 12 18 Roosevelt
301 301 305 Clark 308 54 53 82 52 94 1 M I L E BragaBroadview Douglas 24 1 Douglas 157 Damen Northerly Central 9 Racine 12
767 Ashland Laramie Park 3 Island Park Balmoral 16th Kedzie 60 1 K M Central Central Park Westchester 16th 16th 308 Austin Cicero 18 Blue Island State Canterbury 19th 305 tn er Ogden 18th 21st 18 Mannheim Kildare
25th 305 18th Washtenaw Oak Park Harlem Ridgeland 4 Laramie Pulaski 331 Kos Cermak- Kenton
Des Plaines 54th/Cermak 14th Cicero 17th 767 Cermak Westchester Loomis Chinatown Hyde Park 304 322 Cermak Cermak 2 322 LaGrange 322 21 21 Archer Cermak 21 21 6 21 29 50th Hoyne
Kedzie 1 North 1st 24th Pl Halsted 192 28 Damen Forest Preserve 25th 25th Western Blue Island 4 PM AM Hyde Park Blvd 172
California 24 2 H Riverside 302 26th Canal 26th 26th Central 15 Berwyn 60 26th y G 304 60 d G Central Park Central 21 Bowen e 15 54B King Dr 4 50 P 2 330 307 311 53 82 62 Archer a 305 53rd r 53rd Michigan 8 44 k Blvd Burnham 28 10 LaGrange Drexel Woodlawn Ellis 31st Des Plaines 31st Ashland 31st Park 2 Park 331 302 3 172 172 6 Lawndale Tri-State Stanley Lak University 171 Komensky PM Riverside Lake Park X28 Sox- 33rd e Shore Drive 55th Cottage Grove 1st 49 2 35th Rhodes 55 Indiana
53A Wallace Halsted T Harding Brookfield 35th 50 35th 171 o Forest Preserve 33rd 35th AM l 304 l 35 35 w Washington 36th 171 a 55 South Shore Austin y 315 35th/Archer 35th-Bronzeville-IIT 192
Maple Prairie 34th 36th Pl 39 2 57th 10 Pershing ay Pershing Pershing Pershing 39 Lak 305 39 39 e 6
331 ta t S P 170 40th Indiana ark 10 172 Dorchester 302 9 e 4 59th LaGrange Stevenson Expressw Exch St Louis 14 43 LaSalle Burlington Ogden Stickney 62 94 Root 1 Wentworth abash) Racine Morgan 43rd 26 170 to Downtown 43rd 171 6 43 43 170 Lyons (Monroe/W 3 X28 2
54B Pulaski 45th AM PM 60th Burlington Princeton 15 46th 855 Archer 52 59 to Illinois 61st 28 Western 47th Medical District 47th 47th 47th 47th 47th Stony Island H 311 Forest 47 47 47 47 H Springs 755 Cottage Grove 2 View King Dr Lawn Joliet 10 Central 44 8 Lawndale 2 6 X28 nonstop
669 Park Lake Kedzie Western Drexel Karlov 51st Cicero 51st between 47th/Lake Park McCook 51 51 Hyde Park 330 62 15 2 14 and 11th/Columbus Hwy 171 Pulaski 51st Wash- L a
MP MA Park Hy de
ington k Wolf Rd Wolf 47 62H e 48 Wells 15 6 Joliet Archer 62 Park S Neva 52A 49 h
55th 330 28 X28 o 10 nonstop between 55th Archer Wentworth 55th 55th Garfield Garfield Garfield r 330 55th e LaGrange 55A Museum of Science & Industry 55N
55 55 55 D
r and 11th/Columbus
i
56th v
e a S e tat
Austin East 57th Woodland Harlem 59 Bus 10 oers direct service to/from Kedzie Indiana Halsted Pulaski Oak 59th California Western Damen Ashland Racine 307 59 2 10 North Michigan Avenue and downtown. Linden Countryside Narragansett AM PM 60th See other side for hours. Summit 62H Midway 24 24 2 Joliet 59 14 14 26 nonstop 55N 55A 61st Wolf Rd Wolf Stony Island 294 63rd 63rd 52 Yale 63rd EAST 63RD BRANCH 26 between 67th/Jeery Cascade 63W 63W and 11th/Columbus 64th Archer 63 63 63 63 386 54B 63rd Pl 63rd Cottage 65th ASHLAND BRANCH W 6 Gilbert Forest Preserve 379 ells Grove 67 165 29 15 Jackson Park 386 53A 94 Rhodes Arcadia 669 382 67 Shore South Halsted King Dr 67th Old Harlem
I 69th inbound only I Joliet Hodgkins 383 28 6 69th Ashland/63rd Bedford Park 384 Marquette 67 eefe X28 Park 30 K 26 Stevenson Expressway 71st 385 71st 71 71 55 67 Exchange South Shore
Narragansett 73rd
855 72nd 382 382 Wentworth 30
54B 74th Loomis 75 73rd
75th Yates
Burr Kostner Oak Park 74th 75 Ridge 76th 67 Sacramento 76th 3 4 14 6 77th 52A 49 48 9 44 8 Eggleston 24 75 26 Special UPS limited-stop service 15 71 79th Claremont 79th 79th Schedule coincides with shift changes. 79th 79 South Shore 379 79 379 384 79 79 Call 312-836-7000 for details 49A 8A 169 to/from 69th station (CTA Red Line) 383 Perry County Line Rd 390 to/from Midway station (CTA Orange Line) Burbank 349 392 to/from Roosevelt/Cicero Justice 385 2929 Exchange 395 to/from 95th station (CTA Red Line) South Chicago
397 to/from 119th/Halsted Vincennes 890 to/from Harvey, Homewood, Chicago Heights Dan 892 to/from East Chicago 26 Halsted Lafayette State King Dr Cottage Grove Stony Island Narragansett Central Pulaski Damen Ashland Racine Kedzie Cicero Harlem Cork Ryan Western 24
Woods Jeery 71 Bridgeview 87th 87th 87th 87th Hickory 385 385 87 87 87 87 87 J 48 J Willow 379 386 384 382 88th Hometown 9 3 4 28 Hills 30 Bualo 49A X28
Springs Commercial 91st 26 Mackinaw
Roberts Oak Ewing
Ridgeland 93rd Lawn 349 95th/ 95E 92nd95E 385 93rd 95th 95th Dan Ryan 381 381 381 381 95E 95th Houston 30 95W 100 53A 48 112 108 111 95th 90
88th Ave 88th Evergreen Park Beverly
359 Yates 95W Van Industrial Dr 76th Ave 76th 386 98th 352 34 Vlissingen 100 52A 100th 71 Calumet Woodlawn 100th 383 100th 103 Stony Island Park 100th Campbell 49A 9 106 28 Chicago Skyw 353 15 381 103 119 11 1 28 X28 349 103rd Southwest Hwy 103rd 103rd 103rd 379 14 Commercial 103rd 382 103 103 106 Chicago 383 104th Indianapolisay Blvd 386 384 104th 104th 8A Mackinaw 385 SAT 34 106th 26 Ridge 100 Roberts 384 108 119 107th 381 Connection to K Palos 57 94 Regional Bus K incennes Cottage Grove 108th V 352 Authority Hills Route 1 30 Pulaski Torrence 1 Kedzie Western Cicero Harlem Ridgeland King Dr 359 Michigan 112 call 219-853-6513 Corliss 111th Ave 86th 111th 111th 111 th 379 385 384 385 385 112 11 1 71 100 Monterey Ewing 112th 112th Alsip Halsted Worth Springfield 115th 115th Avenue B 52A 11 1 Avenue C Avenue O 119th 119th Merrionette 119 119 Forest 294 T 118th ri State 383 385 Park Preserve 169 69th-UPS Express 386 Tollw 877 Bishop ay to Oak Brook, 49A Lombard, F Red Line Palos Heights Blue 349 ord 69th Station Downers Grove 359 34 124th Freeway 69th Alsip Island 8A LaGrange Palos 108 353 UPS 108 nonstop Lowe Gregory 79th 127th 385 Burr Oak Throop Burr Oak to Carver HS Park 127th 108 Willow nonstop to UPS nonstop Springs (EB) 379 383 Route 83 877 127th Exchange Baltimore L Calumet to Carver HS 130th Saginaw L Archer see schedule Calumet Sag Vermont 130th
Harlem 888 to Oak Brook, Lombard, Homan
Kedzie 34 Wood Cicero Pulaski Western Ashland Peoria Halsted Wentworth Vermont Park 348 30 Downers Grove 131st ILLINOISINDIANA 359 348 353 34 Francisco 385 34 30
Forest Preserve Ridgeland 135th 135th 352 133rd Ellis 132nd 132nd Central Park 108 Langley 383 385 135th Indiana 359 353 Eberhart 358 Robbins Broadway 49A Leyden Brainard Crestwood Riverdale 348 34 355 386 Forest Preserve 359 Western 383 Pulaski 877 Kedzie
139th 349 138th Torrence Midlothian 348 353 137th 364 1 2 3 4567 8 6677 North Lincoln21 Avenue137 41
94 FORTUNE 500 HEADQUARTERS IN CHICAGO MSA CHICAGO FORTUNE 500 2017 REVENUES RANKING COMPANY RANKING INDUSTRY (MILLIONS) LOCATION LAKE FOREST ■ 1 Walgreens Boots Alliance, Inc 19 Food and Drug Stores $118,214 Deerfield, IL 2 Boeing 27 Aerospace & Defense $93,392 Chicago, IL 60 3 Archer Daniels Midland 48 Food Production $60,828 Chicago, IL ■ 4 Caterpillar 65 Construction and Farm Machinery $45,462 Deerfield, IL ■ 5 Allstate 79 Insurance: Property & Casualty $38,524 Northbrook, IL 21 LINCOLNSHIRE 6 United Continental Holdings 81 Airlines $37,736 Chicago, IL 83 7 Exelon Corporation 92 Utilities: Gas and Electric $33,531 Chicago, IL ■ 8 AbbVie 110 Pharmaceuticals $28,216 North Chicago, IL
22 22 ■ 9 Abbott Laboratories 111 Medical Products and Equipment $27,390 Abbott Park, IL HIGHLAND PARK ■ 10 Mondelez International 117 Food Consumer Products $25,896 Deerfield, IL 11 US Foods Holding 121 Wholesalers: Food and Grocery $24,147 Rosemont, IL 94 12 McDonald's 131 Food Services $22,820 Chicago, IL
DEERFIELD 13 Sears Holdings 172 General Merchandisers $16,702 Hoffman Estates, IL
41 ■ 14 CDW 189 Information Technology Services $15,192 Lincolnshire, IL ■ 15 Illinois Tool Works 204 Industrial Machinery $14,314 Glenview, IL ■ 16 Discover Financial Services 263 Commercial Banking $11,545 Riverwoods, IL WHEELING ■ 17 Baxter International 283 Medical Products and Equipment $10,561 Deerfield, IL
68 68 ■ 18 W.W. Grainger 287 Diversified Wholesalers $10,425 Lake Forest, IL NORTHBROOK 19 LKQ 300 Diversified Wholesalers $9,848 Chicago, IL
83 ■ 20 Tenneco 320 Motor Vehicles and Parts $9,274 Lake Forest, IL
53 21 ConAgra Foods 321 Food Consumer Products $9,235 Chicago, IL WINNETKA 22 Navistar International 342 Construction and Farm Machinery $8,570 Lisle, IL 23 Univar 349 Diversified Wholesalers $8,254 Downers Grove, IL 24 Jones Lang LaSalle 356 Real Estate $7,932 Chicago, IL ■ 25 Anixter International 357 Wholesalers: Electronics and Office Equip. $7,927 Glenview, IL 26 Dover 360 Industrial Machinery $7,830 Downers Grove, IL GLENVIEW 94 WILMETTE 27 R.R. Donnelley & Sons 406 Publishing, Printing $6,940 Chicago, IL ■ 28 Packaging Corporation of America 436 Packaging, Containers $6,445 Lake Forest, IL 29 Motorola Solutions 443 Network and Communications Equip. $6,380 Chicago, IL EVANSTON 294 30 TreeHouse Foods 446 Food Consumer Products $6,307 Oak Brook, IL 31 Old Republic International 450 Insurance: Property & Casualty $6,263 Chicago, IL 32 Arthur J. Gallagher & Co. 454 Diversified Financials $6,160 Rolling Meadows, IL
90 6677 33 Ulta Beauty 471 Specialty Retailers $5,885 Bolingbrook, IL SKOKIE North 34 Ingredion 478 Food Production $5,832 Westchester, IL Lincoln 35 Northern Trust Corporation 486 Commercial Banking $5,716 Chicago, IL
NILES To Downtown Chicago Avenue
Source: Fortune (2018) Suburban-based Headquarters ■ North Suburban-based Headquarters
EXECUTIVE SUMMARY 5 6677 North Lincoln Avenue
6 EXECUTIVE SUMMARY 6677 North Lincoln Avenue
SIGNIFICANT TENANT RETENTION
6677 North Lincoln Avenue’s rent roll includes 18 tenants from diverse industries. Many of the COMMENCEMENT LAST EXPIRATION property’s largest tenants have called the property home for well over 10 years, displaying a high TENANT SIZE (RSF) DATE RENEWAL DATE desirability for well-positioned boutique office space. This includes significant tenants such as US 10 YEAR CLUB Bank, Louis G. Karras, D.D.S., P.C. and Siro C. Karras, D.D.S., Glezer-Kraus, and Robert Kurtz, D.D.S., US Bank 3,189 6/1/2004 1/1/2015 12/31/2019 P.C.. Nearly 10,000 RSF or 40% of the current tenancy has on average been leasing office space at Louis G. Karras, D.D.S., P.C. 2,300 10/1/2004 1/1/2018 12/31/2021 the property for an impressive 18 years, as indicated by the table to the right. Of these notable tenants, and Siro C. Karras, D.D.S. Glezer-Kraus and Robert Kurtz, D.D.S., P.C. have remained tenants of the Property for over 20 years. 20 YEAR CLUB
2,128 3/1/1995 8/1/2018 7/31/2020 UNRIVALED RECENT LEASING VELOCITY Glezer-Kraus 6677 North Lincoln Avenue has enjoyed tremendous leasing success over the past 36 months, helping Robert Kurtz, D.D.S., P.C. 2,098 10/1/1995 10/1/2015 9/30/2019 to stabilize the property and provide an investor with a stable in-place cash flow. Over 90% of the rentable area has experienced leasing activity in the form of new tenancy or lease renewals in the past 48 months. Furthermore, a balanced rollover profile mitigates any near term concerns regarding income uncertainty and the need to invest in significant releasing costs. The in-place income stream from a diversified tenant roster establishes the Property as a secure office investment in a thriving market.
BUILDING LOBBY
EXECUTIVE SUMMARY 7 Contact Information Investment Contacts Debt Contact
HFF Chicago Bryan D. Rosenberg Patrick M. Shields Jason A. Bond 150 North Riverside Plaza Suite 2500 Director Director Director
Chicago, IL 60606 312.300.7282 312.528.3685 312.980.3608
Telephone: 312.528.3650 [email protected] [email protected] [email protected]
Fax: 312.528.3651
Jeffrey M. Bramson Jaime M. Fink Senior Managing Director/ Senior Managing Director
Managing Broker 312.528.3683
312.528.3687 [email protected]
Sam M. DiFrancesca Lindsey E. Rozran Director Analyst
312.300.7301 312.300.7309
[email protected] [email protected]
©2018 Holliday Fenoglio Fowler, L.P. (“HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 25 offices and is a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment advisory, equity placement, advisory services, loan sales and commercial loan servicing. For more information, please visit hfflp.com or follow HFF on Twitter @HFF
HFF has been engaged by the owner of the property to market it for sale. Information concerning the property 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.