Scott Maesel Drew Dillon 312.676.1860 734.223.2315 [email protected] [email protected]
ImageImage LandsatLandsat // CopernicusCopernicus
Image Landsat / Copernicus OGILVIE TRANSPORTATION CENTER
CLINTON
RANDOLPH ST RANDOLPH ST
LAKE ST
IMMEDIATE AREA AERIAL
ImageImage LandsatLandsat // CopernicusCopernicus
Image Landsat / Copernicus 2 TABLE OF CONTENTS
Offering Overview... Page 4
Property Survey... Page 5
Zoning Information... Page 6
Expansion Map... Page 7
Location Description... Page 8
Area Map... Page 9
Development Watch Map... Page 10
Development Watch Descriptions... Page 11
West Loop Notable Tenants... Page 13
*Conceptual Rendering 3 Offering Overview
Price: $3,699,000
OFFERING OVERVIEW Site Size: ~6,061 SF
Total FAR: ~42,427 SF
Sub-Market: West Loop
Offering Highlights
• Highly desirable West Loop corner development site
• Extremely valuable DX-7 zoning
• Eligible for reduced parking and increased density as a TOD property
• Located walking distance to Fulton Market and Randolph Row
ImageImage LandsatLandsat // CopernicusCopernicus Image Landsat / Copernicus • Close proximity to Ogilvie Station
4
ImageImage LandsatLandsat // CopernicusCopernicus
Image Landsat / Copernicus PROPERTY SURVEY
Offering Highlights
• Highly desirable West Loop corner development site
• Extremely valuable DX-7 zoning
• Eligible for reduced parking and increased density as a TOD property
• Located walking distance to Fulton Market and Randolph Row
ImageImage LandsatLandsat // CopernicusCopernicus Image Landsat / Copernicus • Close proximity to Ogilvie Station
5 TRANSIT ORIENTED DEVELOPMENT
ImageImage LandsatLandsat // CopernicusCopernicus
Image Landsat / Copernicus
Transit Oriented Development
Transit Oriented Development or T.O.D. for short is a City of Chicago initiative to promote density around public transportation, specifically CTA “L” Stations. 171 N Des Plaines falls within the designated T.O.D. boundaries of the Clinton Street “L” Station. This means the subject property may be eligible for a reduced parking requirement and increased density or floor area ratio. According to Metropolitan Planning Council’s calculation, the subject property is approximately 0.2 miles from the Clinton Street CTA Station. 6
ImageImage LandsatLandsat // CopernicusCopernicus
Image Landsat / Copernicus ZONING INFORMATION
Property Zoning Summary
According to the City of Chicago, 171 N Des Plaines has an existing DX-7 zoning designation, which indicates the following:
Zoning District Title: The zoning district classifies this property as a “Downtown Mixed-Use District” with “Downtown high-rises - offices or apartments - with ground-floor stores. Prevalent on the edges of Loop: east of Dearborn Ave, in River North, the South Loop, and the West Loop.”
Floor Area Ratio: The floor area ratio is the relationship between the total amount of usable floor area a building has or is permitted to have and the total area
ImageImage LandsatLandsat // CopernicusCopernicus
Image Landsat / Copernicus of the lot the building is situated on. In most cases, the higher the floor area ratio, the taller the building.
Per the City of Chicago’s zoning map, 171 N Des Plaines has a floor area ratio of 7. With a lot size of 6,061 SF, the property FAR would allow for a 42,427 SF building before any TOD bonuses. 7 AREA DESCRIPTION
The West Loop/Fulton Market is Chicago’s former warehouse district and is among the most rapidly developing neighborhoods in the country and recently ranked by NEIGHBORHOOD TimeOut as one of the top 20 coolest neighborhoods in the world. Originally a mix of factories, meat markets, and wholesale produce outlets, the neighborhood has seen SNAPSHOT a major demographic shift over the last decade. The historic brick and timber loft buildings that define the neighborhood have largely been converted to other uses, AVERAGE INCOME including a mix of luxury condos, creative offices, art galleries, critically acclaimed MEDIAN AGE PER HOUSEHOLD restaurants, hotels, and retail boutiques. 33 $135,000 The area has evolved into a must-see destination for locals and visitors who want to eat well. With new restaurant concepts opening on almost a weekly basis, the area ESTIMATED boasts everything from Michelin Star rated Blackbird, Elske, Roister, Oriole, Smyth & ESTIMATED DAYTIME POPULATION The Loyalist and Sepia restaurants to more casual options like Green Street Smoked POPULATION Meats, Shake Shack, Sweetgreen, Parlor Pizza, Federales, Nando’s and Roti. Other 52,000 well-known dining options include Girl and the Goat, Little Goat, Monteverde, Beatrix, 94,000 Swift and Sons, Au Cheval, Lena Brava, Aviary, Momotaro, City Winery, Publican and Avec. NEIGHBORHO0D SF UNDER The neighborhood’s international reputation continues to grow with the expansion HOTEL ROOMS CONSTRUCTION of Google’s Midwest headquarters, and the opening of McDonald’s Global 845+ 1,700,000 headquarters, Soho House hotel, Nobu Restaurant and hotel, Hoxton hotel, the We Work co-working building, Punch Bowl Social and Ace Hotel. Other companies calling the West Loop home include Uber, Ernst & Young, WPP, LinkedIn and Twitter. 2018 MICHELIN TOTAL ANNUAL High-end retailers are also recognizing the area’s potential with the recent additions RECOGNIZED RETAIL GOODS of Anthropologie, Free People, Billy Reid, Aesop and Blue Mercury. RESTAURANTS EXPENDITURE 15 $570,000,000 Excellent public transportation options including Metra train access at Ogilvie and Union Station combined with one of the city’s newest CTA stations with an annual ridership of almost 1 million passengers yearly. The Morgan and Lake station will PERCENTAGE OF AVERAGE continue to attract businesses and residents alike, making the West Loop one of POPULATION HOUSEHOLD SIZE Chicago’s most exciting and desirable neighborhoods. WALKING TO WORK 1.6 31% To learn more about the West Loop, visit our blog at: www.westloopreport.com. *DEMOGRAPHIC SNAPSHOT DATA PROVIDED BY APPLIED GEOGRAPHIC SOLUTIONS & COSTAR GROUP 8 VINNIE’S SUB SHOP TWISTED
SPOKE D’AMATO’S BAKERY GRAND GRAND TERRY’S GRAND SALERNO’S TOFFEE BENNETT LA SCAROLA
BURGER SUSHI DAY SCHOOL BARON PICCOLO RICHARD’S SOGNO MILWAUKEEBAR UNION BUTTERFLY
MART ANTHONY HUBBARD HUBBARD HUBBARD
NOBLE OGDEN AUTOMOTIVE CENTER HALSTED
PAGODA CITY
KINZIE RED HALL JEFFERSON KINZIE KINZIE KINZIE
MAY FULTON
MORGAN RIVER ELIZABETH ABERDEEN NOTABLE AREA TENANTS
ARBOUR CARPENTER PET CARE PARK PLUS ADM MILLING UNION ASRAI OGDEN GARDEN
CARROLL DES PLAINES CARROLL HAIR CUTTERY
RACINE CITY BLUE MOUSE WAYMAN WAYMAN PLATE FULTON MARKET PUNCH BOWL KITCHEN SOCIAL FULTON FIT HOUSE COLD STORAGE TIME OUT BLIND BARBER AESOP FM HAIR STUDIO MARKET CHICAGO FULTON FULTON KUMA’S FULTON
REVEL WEWORK JOE’S MILWAUKEE GIBSON’S THE TRAMMEL FULTON MARKET NEXT IMPORTS ITALIA CASPER ROISTER
CROW PEORIA WORLD GUS’S OFFICE ADA PACKING AVERAGE INCOME THE PUBLICAN LAFLIN JUSTINE PER HOUSEHOLD AVIARY PAGE ONE WEWORK FRIED CHICKEN FAMOUS LESLIE HINDMAN PILATES LIMITLESS BAR KUMIKO AUCTIONEERS BIG CITY TAKITO CROSS FIT MOMOTARO LAKE LAKE MONEY GUN LYON & NORTHWESTERN SHAKE BAD AXE IMMEDIATE CARE BLVD MAKO HEALY HARPS THROWING SHACK SMYTH & THE LOYALIST THE HERITAGE PARKER
BIKES & RICARDO OSTERIA COFFEE SMALL BONCI CHEVAL BESPOKE CUISINE CITY FORNO ROSSO NOBU LONE GYU-KAKU WINERY KINTON AU CHEVAL AU ALHAMBRA ALHAMBRA PALACE + ART SCIENCE ANTHROPOLOGIE PRINCI PIZZERIA WOLF HUNTER BAD
WEST LOOP WEST CLUB ATHLETIC HOTEL RAMEN ROOM THE FRONT MAUDE’S LA JOSIE LA UNION PARK RANDOLPH RANDOLPH TANOSHI
JP RANDOLPH FREE NIA COREPOWER WEST LOOP YOGA PEOPLE VET LE PAIN QUOTIDIEN GRAZIANO DIRTY ROOT DIRTY SUSHI DOKKU
BILLY REID BILLY DOUGHNUT VAULT
UMAMI BURGER CHICAGO WORLD HQ SAWADA SEPIA FORMENTO’S VEGGIE GRILL VEGGIE ADA LA SARDINE GREEN STREET THE ALLIS FRENCH
OGDEN MAY POLITAN ROW SMOKED MEATS FOX BAR MARKET LOOMIS FOOD HALL GREEN RACINE PEORIA HIGH FIVE WILLARD MORGAN RAMEN HALSTED
ELIZABETH VCA ANIMAL THE PRESS ABERDEEN SANGAMON CARE CENTER ROOM CARPENTER WASHINGTON WASHINGTON WASHINGTON ASADITO BAR
YUME OGILVIE
EL CHE EL TRANSPORTATION CENTER OMASAKE BASE SALON CANAL THROOP THE MONTEVERDE CLINTON GROUNDSWELLMADISON G2 JEFFERSON MADISON
JOHNNY’S ICE HOUSE RESTAURANT DES PLAINES VIAGGIO VIAGGIO RESTAURANT MADISON VINE MADISON WINES VINE PINOT’S PINOT’S PALETTE HERO BAR COFFEE TALAY CHICAGO CHICAGO TALAY AMERICAN GREAT BAGEL CROSSROADS & GRILL BAR TAVERN
NOHEA CAFE SALON
MADISON MADISON HM DAY MADISON *DEMOGRAPHICTHE GARDNER SNAPSHOT DATA PROVIDED BY APPLIED GEOGRAPHIC SOLUTIONS & COSTAR GROUP SPA RAIL
SCHOOL CIAO CAFE SOLID CORE SUSHI THIRD NAF NAF GRILL
SMILES 95 TAVERN
SKYLINE STELIO’S HAROLD’S SNIPPET’S MINI CUTS JC LICHT BILLY GOAT GOAT BILLY BUTTERFLY BUTTERFLY
CHICKEN FITNESS MERIT SHACK TRUE VALUE SCHOOL OF MUSIC CROSSTOWN
BLACKWOOD BBQ POOCH HOTEL JAZZY JAZZY FLOWERS SUPERCUTS MONROE MONROE PAW NATURALS MONROE FIFTH THIRD CHICAGO ON YOUR BLACKIES CHILDREN’S MARK BANK THEATER TRAINING MARY IDOF SKINNER PARK SKINNER WEST BARTELME HERITAGE GREEN STREET SQUARE ROOTS LA LAGARTIJA ELEMENTARY LOCAL TAQUERIA PARK KITCHEN GREEN SOUL MORGAN DUGAN’S STREET HASTED CITY CHURCH PARK STREET DELI CAFE SANTORINI ADAMS ADAMS ADAMS PILATES PRO WORKS UNION ATHENA ARKADIA STATION CHICAGO POLICE WEST LOOP TRAINING DIVISION WHITNEY M YOUNG CANAL
MAGNET HIGH SCHOOL MR GREEK CLINTON M2 GYROS JEFFERSON
ELLA’S ELLA’S CORNER CAFE JACKSON JACKSON DES PLAINES TACO BURRITO MELI JACKSON HUBBARD KING STREET CAFE LOU LOU
LAFLIN ARTROPOLIS GREEN RACINE PEORIA LOOMIS DANCE BAKERY 9 MUSES MORGAN HALSTED ENAMEL ENAMEL SHERWIN ABERDEEN WILLIAMS SANGAMON
TITLE MITCHELL’S BOXING
DENTAL STUDIO DENTAL PRIMOS GROUND UP PIZZA WISE OWL COFFEE DRINKERY BOMBACIGNO’S VAN BUREN VAN BUREN VAN BUREN STUDIO OXYGEN SPA OXYGEN DEVELOPMENT WATCH 40 MOST NOTABLE WEST LOOP/FULTON MARKET DEVELOPMENTS
GRAND GRAND GRAND
MILWAUKEE UNION
HUBBARD HUBBARD HUBBARD NOBLE HALSTED
KINZIE JEFFERSON KINZIE KINZIE KINZIE
MAY 19 FULTON
MORGAN RIVER ELIZABETH ABERDEEN ARBOUR CARPENTER 3 1 PARK
8 UNION
OGDEN
5 DES PLAINES CARROLL CARROLL 6
RACINE 30 WAYMAN WAYMAN 32 33 18 4 FULTON FULTON FULTON MILWAUKEE 22 31 ADA LAFLIN JUSTINE 23 14 36 21 LAKE LAKE 17 7 35 20 16 40 28 UNION PARK RANDOLPH RANDOLPH RANDOLPH 9
25 ADA
OGDEN MAY LOOMIS GREEN RACINE PEORIA WILLARD MORGAN HALSTED ELIZABETH ABERDEEN
15 10 SANGAMON CARPENTER WASHINGTON WASHINGTON WASHINGTON
24 CANAL THROOP CLINTON JEFFERSON DES PLAINES MADISON MADISON MADISON
2 26 38 MONROE MONROE MONROE
29 MARY SKINNER PARK BARTELME HERITAGE PARK 27 GREEN PARK ADAMS ADAMS ADAMS 11 CANAL CLINTON
34 JEFFERSON JACKSON JACKSON DES PLAINES JACKSON LAFLIN GREEN LOOMIS RACINE PEORIA THROOP MORGAN 37 HALSTED ABERDEEN SANGAMON 12 VAN BUREN VAN BUREN VAN BUREN 13 39 10 DEVELOPMENT WATCH 40 MOST NOTABLE WEST LOOP DEVELOPMENTS GRAND GRAND GRAND
MILWAUKEE UNION
HUBBARD HUBBARD HUBBARD NOBLE HALSTED
KINZIE JEFFERSON KINZIE KINZIE KINZIE 1 2 3 4 5 MAY 19 FULTON
MORGAN RIVER ELIZABETH ABERDEEN ARBOUR CARPENTER 3 1 PARK
8 UNION
OGDEN
5 DES PLAINES CARROLL CARROLL 6 Address: 345 N Morgan Address: 845 W Madison Address: 360 N Green Address: 800 W Fulton Address: 330 N Green
RACINE 30 WAYMAN WAYMAN 32 33 18 4 Status: Proposed Status: Construction Status: Approved Status: Construction Status: Approved FULTON FULTON FULTON MILWAUKEE 22 31 Developer: Sterling Bay Developer: John Buck Co. Developer: Sterling Bay Developer: Thor Equities Developer: Sterling Bay ADA LAFLIN JUSTINE 23 14 36 21 Project: Office Building Project: Apartments Project: Office Project: Office Project: Office LAKE LAKE 17 7 Size: 170,000 SF Unit Count: 586 Units Size: 21-Story Size: 18-Story Size: 671,000 SF 35 20 16 40 28 UNION PARK RANDOLPH RANDOLPH RANDOLPH 9
25 ADA
OGDEN MAY LOOMIS GREEN RACINE PEORIA WILLARD MORGAN HALSTED ELIZABETH ABERDEEN
15 10 SANGAMON CARPENTER WASHINGTON WASHINGTON WASHINGTON
24 CANAL THROOP CLINTON JEFFERSON DES PLAINES MADISON MADISON MADISON
2 26 38 MONROE MONROE MONROE
29 MARY SKINNER PARK BARTELME HERITAGE PARK 27 GREEN PARK ADAMS ADAMS ADAMS 11 CANAL CLINTON
34 JEFFERSON JACKSON JACKSON DES PLAINES JACKSON 6 7 8 9 10 LAFLIN GREEN LOOMIS RACINE PEORIA THROOP MORGAN 37 HALSTED ABERDEEN SANGAMON 12 VAN BUREN VAN BUREN VAN BUREN Address: 333 N Green Address: 801 W Lake Address: 1000 W Carroll Address: 725 W Randolph Address: 935 W Washington 13 39 Status: Construction Status: Proposed Status: Proposed Status: Construction Status: Construction Developer: Sterling Bay Developer: Shapack Partners Developer: Sterling Bay Developer: Related Midwest Developer: ZOM Mid-Atlantic | Verde Project: Office Project: Office Project: Office Project: Equinox Mixed-Use Project: Apartments Size: 555,524 SF Size: 725,000 SF Size: 536,000 SF Equinox Gym | 20 Units | 145 Rooms Size: 405 Units
11 12 13 14 15
Address: 855 W Adams (Milieu) Address: 1050 W Van Buren Address: 1125 W Van Buren Address: 215 N Peoria Address: 1230 W Washington Status: Construction Status: Proposed Status: Proposed Status: Construction Status: Approved Developer: Crayton Advisors/White Developer: Tandem Development Developer: Tandem Development Developer: Clayco Developer: RCG Longview/CLK Oak Realty Partners Project: Apartments Project: Apartments Project: Office Properties Project: Apartments Unit Count: 201 Units Unit Count: 200 Units Size: 12-Story Project: Office Size: 275 Units Size: 160,000 SF
16 17 18 19 20
Address: 170 N Peoria Address: 845 W Lake Address: 1100 W Fulton Address: 375 N Morgan Address: 166 N Aberdeen Status: Proposed Status: Proposed Status: Proposed Status: Proposed Status: Proposed Developer: Tucker Development Developer: Bridgeford Foods Developer: Fulton St. Companies Developer: Fred Latsko Co. Developer: MCZ Development Project: Apartments Project: Apartments Project: Mixed-Use Project: Office Project: Apartments Unit Count: 300 Units Unit Count: 322 Units Size: 44,600 SF Size: 175,000 SF Unit Count: 235 Units
*Data provided by CoStar, Crain’s, Bisnow & Curbed 11 DEVELOPMENT WATCH 40 MOST NOTABLE WEST LOOP DEVELOPMENTS GRAND GRAND GRAND
MILWAUKEE UNION
HUBBARD HUBBARD HUBBARD NOBLE HALSTED
KINZIE JEFFERSON KINZIE KINZIE KINZIE 21 22 23 24 25 MAY 19 FULTON
MORGAN RIVER ELIZABETH ABERDEEN ARBOUR CARPENTER 3 1 PARK
8 UNION
OGDEN
5 DES PLAINES CARROLL CARROLL 6 Address: 920 W Lake Address: 1155 W Fulton Address: 1375 W Fulton Address: 19 N May Address: Eveq - 14 N Bishop
RACINE 30 WAYMAN WAYMAN 32 33 18 4 Status: Proposed Status: Construction Status: Construction Status: Proposed Status: Construction FULTON FULTON FULTON MILWAUKEE 22 31 Developer: F&F Realty Developer: Barnett Captial Developer: Trammell Crow Developer: Sulo Development Developer: 14 N. Bishop LLC ADA LAFLIN JUSTINE 23 14 36 21 Project: Hotel (Marriot) Project: Office Project: Mixed-Use Project: Condominiums Project: Condominiums LAKE LAKE 17 7 Size: 199 Room Size: 100,000 SF Size: 14-Story Unit Count: 28 Unit Unit Count: 32 Unit 35 20 16 40 28 UNION PARK RANDOLPH RANDOLPH RANDOLPH 9
25 ADA
OGDEN MAY LOOMIS GREEN RACINE PEORIA WILLARD MORGAN HALSTED ELIZABETH ABERDEEN
15 10 SANGAMON CARPENTER WASHINGTON WASHINGTON WASHINGTON
24 CANAL THROOP CLINTON JEFFERSON DES PLAINES MADISON MADISON MADISON
2 26 38 MONROE MONROE MONROE
29 MARY SKINNER PARK BARTELME HERITAGE PARK 27 GREEN PARK ADAMS ADAMS ADAMS RETAIL 11 CANAL CLINTON
34 JEFFERSON JACKSON JACKSON DES PLAINES JACKSON 26 27 28 29 30 NOTABLE RETAIL TENANTS LAFLIN GREEN LOOMIS RACINE PEORIA THROOP MORGAN 37 HALSTED ABERDEEN SANGAMON 12 VAN BUREN VAN BUREN VAN BUREN Address: 1400 W Monroe Address: 123 S Peoria Address: 1234 W Randolph Address: 1515 W Monroe Address: 328 N Carpenter 13 39 Status: Construction Status: Proposed Status: Proposed Status: Proposed Status: Proposed Developer: JK Equities Developer: ZSD Corp Developer: Marc Realty/DDG Partners Developer: Cedar Street Developer: Murphy Development Project: Condominiums Project: Condominiums Project: Standard Hotel Project: Apartments Project: Office Unit Count: 42 Units Unit Count: 25 Unit Size: 289 Room Unit Count: 288 Units Size: 120,000 SF
HOTELS 31 32 33 34 35 NOTABLE HOTEL TENANTS Address: 1025 W Fulton Address: 310 N Sangamon Address: 1200 W Fulton Address: 1220 W Jackson Address: 168 N May Status: Proposed Status: Proposed Status: Proposed Status: Proposed Status: Proposed Developer: Robert Green Developer: Mark Goodman & Associates Developer: IBT Developer: LG Construction Developer: LG Development Project: Hotel (Pendry) Project: Office Project: Office | Hotel | Retail Project: Apartments Project: Apartments SIze: 200 Room Size: 211,000 SF Size: 1,200,000 SF Unit Count: 166 Units Unit Count: 484 Units
36 37 38 39 40 OFFICE Address: 1150 W Lake Address: 310 S Green Address: 37 S Sangamon Address: 1061 W Van Buren Address: 1400 W Randolph Status: Proposed Status: Proposed Status: Proposed Status: Proposed Status: Proposed NOTABLE OFFICE TENANTS Developer: LG Development Developer: Crayton Advisors Developer: Sanga3monroe LLC Developer: Pizzuti Companies Developer: Marquette Companies Project: Mixed-Use Project: Mixed-Use Project: Apartments Project: Apartments Project: Apartments Size: 11-story Size: 12-Story Unit Count: 193 Units Unit Count: 411 Units Unit Count: 500 Units
*Data provided by CoStar, Crain’s, Bisnow & Curbed 12 RESTAURANTS NOTABLE RESTAURANT TENANTS 1020 W Madison 1000 W Fulton 820 W Lake 809 W Randolph 108 N Green 834 W Fulton Monteverde Swift & Sons Momotaro Girl & The Goat Parlor Pizza Bar Beatrix
RETAIL NOTABLE RETAIL TENANTS 940 W Fulton 167 N Sangamon 1000 W Randolph 845 W Randolph 16 S Halsted 1101 W Randolph Aesop Lululemon Local Anthropologie Billy Reid Ulta Beauty Free People
HOTELS NOTABLE HOTEL TENANTS 844 W Lake 113 N Green 854 W Randolph 311 N Morgan 725 W Randolph 113 N May The Hoxton Hotel Soho House Chicago Nobu Hotel Chicago Ace Hotel Equinox Hotel Hyatt Hotel
OFFICE NOTABLE OFFICE TENANTS Dyson Pepsico Twitter Boeing SC Johnson Walgreens 40,000 SF 413,000 SF 16,000 SF 600,000 SF 280,000 SF 200,000 SF
13 DISCLAIMER
The material contained in this Offering Memorandum is furnished solely for the purpose of considering the purchase of the property within and is not to be used for any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent of the SVN® Advisor or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property.
The only party authorized to represent the Owner in connection with the sale of the Property is the SVN listed in this Offering Memorandum, and no other person is authorized by the Owner to provide any information or to make any representations other than contained in this Offering Memorandum. If the person receiving these materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor.
Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. This Offering Memorandum may include certain statements and estimates with respect to the Property. These Assumptions may or may not be proven to be correct, and there can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability for representations or warranties, expressed or implied, contained in or omitted from this Offering Memorandum, or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed and delivered Real Estate Purchase Agreement between it and Owner.
The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the SVN Advisor nor any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Offering Memorandum are advised and encouraged to conduct their own comprehensive review and analysis of the Property.
This Offering Memorandum is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Offering Memorandum or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on terms acceptable to Owner, in Owner’s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and the SVN Advisor from any liability with respect thereto.
To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective purchaser proceeds at its own risk. 14 SVN Chicago Commercial 940 West Adams Street, 2nd Floor Chicago, Illinois 60607
www.svnchicago.com
All SVN® Offices Independently Owned & Operated.
The information listed in this brochure has been obtained from sources we believe to be reliable, however we accept no
ImageImage LandsatLandsat // CopernicusCopernicus Image Landsat / Copernicus responsibility for its correctness.
Scott Maesel Drew Dillon 312.676.1860 734.223.2315 [email protected] [email protected]