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99 East State St., Rockford, Il

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99 East State St., Rockford, Il FOR SALE OR LEASE REDEVELOPMENT 99 EAST STATE ST. OPPORTUNITY ROCKFORD, ILLINOIS www.cbre.com/karen.walsh 1 FOR SALE OR LEASE 99 EAST STATE ST., ROCKFORD, IL PROPERTY HIGHLIGHTS + Unique redevelopment opportunity. Architec- turally rich building. + 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. 2 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 3 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 d R N Alpine Rd 20 r 5th Ave Charles St e Belvidere n i a 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 9th St Ohio 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 4 FOR SALE OR LEASE 99 EAST STATE ST., ROCKFORD, IL AERIAL 5 FOR SALE OR LEASE 99 EAST STATE ST., ROCKFORD, IL AERIAL 6 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 7 FOR SALE OR LEASE 99 EAST STATE ST., ROCKFORD, IL PHOTOS 8 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] 9 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] 10 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] 11 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] 12 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. 13 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.
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