PREMIER VALUE ADD TIMBER BEAM
Stephen Cusano James Mead Drew Dillon 312.675.4334 312.676.1871 734.223.2315 [email protected] [email protected] [email protected] OFFERING SUMMARY
SVN Chicago Commercial is pleased to present this opportunity to acquire 555 West Jackson; a well located 30,000 square foot timber loft office building within Chicago’s booming West Loop submarket.
555 West Jackson (“The Property”) is a seven-story brick and timber office building with 16 surface parking stalls. Currently configured as eight separate condominiums, all units are being offered together in a rare condominium assemblage. The Property is approximately 100 years old and was redeveloped into condominium in 2005. Each unit is separately metered and spans an entire floor with the central core elevator opening directly into individual premises. The Property has one passenger elevator which services floors one through seven. The Property will be delivered entirely vacant, except the seventh-floor unit which desires a short-term leaseback. Located midblock on Jackson Boulevard between Clinton Street and Jefferson Street in Chicago’s booming West Loop submarket, the Property is located ½ block from Union Station, two blocks to Clinton CTA Blue ‘L’ line and three blocks to the Post Office redevelopment and Willis Tower. This rare offering provides prospective buyers the opportunity to acquire highly sought-after brick and timber structure in a transformative area of the West Loop with tremendous upside to be gained from lease up at market rates. The Property is also suitable for an owner/user to occupy some or all of the property with potential signage opportunities.
The West Loop, part of the downtown Chicago trade area, has seen unprecedented development over the past several years with incredible demand for office, retail, and multi-family properties. This recent increase in demand is in large part due to the influx of corporate headquarters into the neighborhood accomplishing a “live – work – play” atmosphere and making the West Loop one of the hottest submarkets in Chicago 2 and in the country. BMO TOWER REDEVELOPMENT
OFFERING INFORMATION IMPORTANT OFFERING LINKS
Click Here For Property Website & Doc Vault Access
3 Offering Overview... Page 5 TABLE OF CONTENTS Building Information... Page 6 Floor Plan... Page 7
Interior Photos... Page 8
Property Survey... Page 10
Zoning Information... Page 11
Transit Oriented Development... Page 12
Aerial Maps... Page 13
Location Description... Page 15
Nearby Developments... Page 16
Development Watch Map... Page 17
Development Watch Descriptions... Page 18
4 Property Summary Property Highlights • Excellent West Loop location Asking Price: Subject to Offer • Located steps from Union Station Building Size: ~28,700 SF 1st -7th Floor: ~4,100 SF • Highly desirable brick and timber loft building *Lower Level: ~1,500 SF • Surrounded by notable re-developments including Post Office, Union Station Tower, Current Zoning: DX-7 Willis Tower (Catalog) • Includes 16 surface parking stalls
ImageImage LandsatLandsat // CopernicusCopernicus Image Landsat / Copernicus Parking: 16 Spaces • Ideal owner user opportunity with potential for full building identity and occupancy Sub-Market: West Loop • Located within the T.O.D. boundaries and eligible for reduced parking requirements
Ward/Alderman: 42/Reilly • DX-7 zoning allows for a variety of uses including Office, Multi-family & Hospitality
*Additional to the building size above 5 BUILDING INFORMATION
Building & Structure Information
• Year Built - 1920
• Year Renovated - 2005
• Foundation - Concrete HVAC Information • Construction Type - Brick & Timber • A/C - Individual per tenant • Exterior Façade - Brick/Stone • Number of Units - 8 • Roof - Modified bitumen • Heating - Boiler • Windows - Aluminum
• Flooring - Hardwood/Carpet Additional Information • Ceiling - Open timber beam and dropped acoustic tile • Fire Safety - Fully sprinklered, detectors hard wired, lights, & • Ceiling Height – 10’-12’ fire extinguishers • Elevator - One (1) Passenger • Plumbing - Copper • Parking Stalls - 16 • Electric - 1,600 and 800 amp service
• Utilities - Electric & gas separately metered per tenant
6 TYPICAL FLOOR PLAN
7 BUILDING LOBBY
8 INTERIOR PHOTOS
9 PROPERTY SURVEY
10 ZONING INFORMATION
Property Zoning Summary
According to the City of Chicago, 555 W Jackson 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.”
11 TRANSIT ORIENTED DEVELOPMENT
Transit Oriented Development Summary
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.
555 W Jackson 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.
12 D’AMATO’S BAKERY GRAND GRAND TERRY’S GRAND SALERNO’S TOFFEE LA SCAROLA SUSHI PICCOLO RICHARD’S SOGNO MILWAUKEEBAR UNION BUTTERFLY
MART BENNETT ANTHONY DAY SCHOOL HUBBARD HUBBARD HUBBARD
NOBLE OGDEN AUTOMOTIVE CENTER HALSTED
PAGODA
KINZIE RED JEFFERSON KINZIE KINZIE KINZIE
MAY FULTON
MORGAN RIVER ELIZABETH ABERDEEN
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 PIZZERIA TIME OUT FIT HOUSE DEL MERCATO COLD STORAGE BLIND BARBER AESOP FM HAIR STUDIO MARKET CHICAGO FULTON FULTON KUMA’S FULTON
REVEL NEXT JOE’S MILWAUKEE GIBSON’S CEMITAS THE BOUTIQUE FULTON MARKET IMPORTS TRAMMEL ROISTER PUEBLA ITALIA
BITES CASPER
CROW PEORIA WORLD GUS’S ADA JUPITER OFFICE ANIMALS THE
PACKING OUTPOST PUBLICAN LAFLIN JUSTINE AVIARY WEWORK FRIED CHICKEN FAMOUS LESLIE HINDMAN PARTY CHICAGO BAR LIMITLESS AUCTIONEERS TAKITO BIG CITY CROSS FIT GALLEY GALLEY GROUP HALL FOOD HARVEST JUICERY MOMOTARO LAKE LAKE CABRA MONEY GUN LYON & NORTHWESTERN SHAKE BAD AXE IMMEDIATE CARE BLVD MAKO HEALY HARPS THROWING SHACK SMYTH & AREA MAPTHE THE LOYALIST PARKER BONCI ESCO BAR CITY NOBU LONE GYU-KAKU WINERY KINTON AU CHEVAL AU ART + ART SCIENCE ALHAMBRA ALHAMBRA PALACE ROSSO FORNO PIZZERIA ANTHROPOLOGIE PRINCI 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 GRAZIANO SUSHI DOKKU BILLY REID BILLY UMAMI BURGER
NELLECOTE CHICAGO WORLD HQ SEPIA FORMENTO’S
ADA LA SARDINE FRENCH
OGDEN MAY POLITAN ROW MARKET LOOMIS FOOD HALL GREEN RACINE PEORIA GREEN STREET WILLARD MORGAN SMOKED MEATS HALSTED
ELIZABETH VCA ANIMAL ABERDEEN
THE PRESS SANGAMON CARE CENTER CARPENTER ROOM WASHINGTON WASHINGTON WASHINGTON BAR
YUME OGILVIE
EL CHE EL TRANSPORTATION CENTER OMASAKE BASE SALON PAGE ONE
PILATES CANAL THROOP CYCLE X THE MONTEVERDE CLINTON GROUNDSWELLMADISON G2 JEFFERSON MADISON
JOHNNY’S ICE HOUSE RESTAURANT DES PLAINES CROSSROADS & GRILL BAR PINOT’S PINOT’S PALETTE HERO BAR COFFEE VIAGGIO VIAGGIO RESTAURANT AMERICAN GREAT BAGEL TAVERN
NOHEA CAFE SALON
MADISON MADISON HM DAY MADISON THE GARDNER SPA RAIL
SCHOOL CIAO CAFE SUSHI
THIRD NAF NAF GRILL SMILES 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 ELEMENTARY LOCAL 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 CAFE JACKSON JACKSON DES PLAINES TACO BURRITO MELI JACKSON HUBBARD KING STREET CAFE LOU LOU
LAFLIN ARTROPOLIS GREEN LOOMIS RACINE DANCE PEORIA
THROOP BAKERY 9 MUSES MORGAN HALSTED SHERWIN ABERDEEN WILLIAMS SANGAMON
TITLE MITCHELL’S BOXING PRIMOS GROUND UP PIZZA WISE OWL COFFEE DRINKERY VAN BUREN VAN BUREN VAN BUREN
STUDIO 5
OXYGEN SPA OXYGEN 13 IMMEDIATE AREA AERIAL
WILLIS TOWER CATALOG REDEVELOPMENT
POST OFFICE REDEVELOPMENT
OGILVIE UNION BMO HARRIS STATION TOWER STATION REDEVELOPMENT
14
ImageImage LandsatLandsat // CopernicusCopernicus
Image Landsat / Copernicus NEIGHBORHOOD SNAPSHOT
AVERAGE INCOME AREA DESCRIPTION MEDIAN AGE PER HOUSEHOLD 33 $135,000
ESTIMATED ESTIMATED DAYTIME POPULATION POPULATION 94,000 52,000 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 TimeOut as one of PERCENTAGE OF NEIGHBORHO0D the top 20 coolest neighborhoods in the world. Originally a mix of factories, meat markets, POPULATION WITH HOTEL ROOMS and wholesale produce outlets, the neighborhood has seen a major demographic shift over BACHELOR’S DEGREE the last decade. The historic brick and timber loft buildings that define the neighborhood 845+ 80% have largely been converted to other uses, including a mix of luxury condos, creative offices, art galleries, critically acclaimed restaurants, hotels, and retail boutiques.
The area has evolved into a must-see destination for locals and visitors who want to eat SUB-MARKET SF UNDER well. With new restaurant concepts opening on almost a weekly basis, the area boasts OCCUPANCY CONSTRUCTION everything from Michelin Star rated Blackbird, Elske, Roister, Oriole, Smyth & The Loyalist 92% 1,700,000 and Sepia restaurants to more casual options like Green Street Smoked Meats, Shake Shack, Sweetgreen, Parlor Pizza, Federales, Nando’s and Roti. Other well-known dining options include Girl and the Goat, Little Goat, Monteverde, Beatrix, Swift and Sons, Au Cheval, Lena 2018 MICHELIN TOTAL ANNUAL Brava, Aviary, Momotaro, City Winery, Publican and Avec. RECOGNIZED RETAIL GOODS RESTAURANTS EXPENDITURE The neighborhood’s international reputation continues to grow with the expansion of 15 $570,000,000 Google’s Midwest headquarters, and the opening of McDonald’s Global 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 PERCENTAGE OF AVERAGE Uber, Ernst & Young, WPP, LinkedIn and Twitter. High-end retailers are also recognizing the POPULATION HOUSEHOLD SIZE area’s potential with the recent additions of Anthropologie, Free People, Billy Reid, Aesop WALKING TO WORK and Blue Mercury. 1.6 31%
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 PERCENTAGE OF TOTAL almost 1 million passengers yearly. The Morgan and Lake station will continue to attract POPULATION WITH BUSINESSES businesses and residents alike, making the West Loop one of Chicago’s most exciting and WHITE COLLAR JOBS desirable neighborhoods. 90% 4,128 To learn more about the West Loop, visit our blog at: www.westloopreport.com. *DEMOGRAPHIC SNAPSHOT DATA PROVIDED BY APPLIED GEOGRAPHIC SOLUTIONS & COSTAR GROUP 15 NEARBY DEVELOPMENTS
UNION STATION POST OFFICE WILLIS TOWER CATALOG BMO Financial Group plans to anchor an upcoming 700- The Old Chicago Main Post Office, which sat vacant for Willis Tower’s owner is building a 300,000-square- foot office tower next to Chicago’s Union Station. With more than 20 years, is in the midst of a $600-million foot retail and entertainment expansion to the base of the bank officially onboard, the glassy high-rise is on renovation that will recreate the historic site as a Chicago’s tallest building. The new five-level space will be track to break ground as early as next year and open its mixed-use facility. Designed by global architecture and called Catalog. doors in 2022. planning firm Gensler, The Post Office adaptive reuse project includes restoration of the building’s lobby, Tenants such as Brown Bag Seafood, Urbanspace, The company will consolidate approximately 3,600 BMO as well as the addition of a 4 acre rooftop terrace, a Convene, Shake Shack, Sweetgreen, Starbucks, and employees across 14 floors within the 50-story tower, conference center, and a food hall. Market Creations. Catalog is expected to be complete in according to a statement. The lease includes naming 2020, but its first retailers will open sometime this year, rights for the development—now known as BMO Tower— The 2.8 million SF building was purchased by New according to EQ Office. as well as exterior corporate signage. At its base, a 1.5- York City-based real estate firm 601 w Companies in acre publicly accessible park will conceal a 400-stall the spring of 2016 with the intent of rejuvenating the In addition to Catalog, the Willis Tower renovation includes garage. In addition to partnering on Union Station’s facility. The redevelopment team is comprised of 27 more than 125,000 square feet of tenant amenities, a garage redevelopment, Riverside, Convexity, and firms, with guidance provided by the City of Chicago, 30,000-square-foot landscaped roof deck, a modernized Amtrak are preparing to renovate the upper floors on the Illinois Historic Preservation Agency, and the National elevator system, and updated lighting for the building’s station’s historic headhouse into 400 hotel rooms. Park Service. iconic twin antennas.
Source: Curbed Source: The Construction Specifier Source: Chicago Tribune & Curbed 16 DEVELOPMENT
WATCHGRAND GRAND GRAND
MILWAUKEE UNION
HUBBARD HUBBARD HUBBARD NOBLE HALSTED
KINZIE JEFFERSON KINZIE KINZIE KINZIE
MAY 19 FULTON
MORGAN RIVER ELIZABETH ABERDEEN
ARBOUR CARPENTER PARK UNION OGDEN 22 CARROLL CARROLL DES PLAINES
RACINE 30 WAYMAN WAYMAN 32 33 12 25 23 FULTON FULTON FULTON 27 MILWAUKEE
ADA 24 11 LAFLIN JUSTINE 14 4 3 LAKE LAKE 21 17 7 26 20 15 16 18 UNION PARK RANDOLPH RANDOLPH RANDOLPH 1 9 6 ADA
OGDEN MAY LOOMIS GREEN RACINE PEORIA WILLARD MORGAN HALSTED ELIZABETH ABERDEEN
10 SANGAMON CARPENTER WASHINGTON WASHINGTON WASHINGTON 8 CANAL THROOP CLINTON JEFFERSON DES PLAINES MADISON MADISON MADISON 5 2 28 MONROE MONROE MONROE
29 MARY 40 SKINNER PARK BARTELME HERITAGE PARK GREEN PARK ADAMS ADAMS ADAMS 36 35 38 CANAL CLINTON
34 JEFFERSON JACKSON JACKSON DES PLAINES JACKSON LAFLIN GREEN LOOMIS RACINE PEORIA THROOP MORGAN HALSTED
ABERDEEN 37 SANGAMON
13 31 VAN BUREN VAN BUREN VAN BUREN 39 17 DEVELOPMENT WATCH
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 PARK UNION OGDEN 22 CARROLL CARROLL DES PLAINES Address: 110 N Carpenter Address: 845 W Madison Address: 200 N Green Address: 210 N Carpenter Address: 727 W Madison
RACINE 30 WAYMAN WAYMAN 32 33 12 25 23 Status: Completed Status: Construction Status: Construction Status: Construction Status: Construction FULTON FULTON FULTON 27 MILWAUKEE Developer: Sterling Bay Developer: John Buck Co. Developer: Shapack Partners Developer: Sterling Bay Developer: Fifield Co. | F&F Realty
ADA 24 11 LAFLIN JUSTINE 14 4 3 Project: McDonald’s HQ Project: Apartments Project: Hoxton Hotel Project: Vendor Village Project: Apartments LAKE LAKE 21 17 7 Size: 485,000 SF Unit Count: 586 Units Unit Count: 175 Rooms Size: 218,000 SF Unit Count: 492 Units 26 20 15 16 18 UNION PARK RANDOLPH RANDOLPH RANDOLPH 1 9 6 ADA
OGDEN MAY LOOMIS GREEN RACINE PEORIA WILLARD MORGAN HALSTED ELIZABETH ABERDEEN
10 SANGAMON CARPENTER WASHINGTON WASHINGTON WASHINGTON 8 CANAL THROOP CLINTON JEFFERSON DES PLAINES MADISON MADISON MADISON 5 2 28 MONROE MONROE MONROE
29 MARY 40 SKINNER PARK BARTELME HERITAGE PARK GREEN PARK ADAMS ADAMS ADAMS 36 35 38 CANAL CLINTON
34 JEFFERSON JACKSON JACKSON DES PLAINES JACKSON 6 7 8 9 10 LAFLIN GREEN LOOMIS RACINE PEORIA THROOP MORGAN HALSTED
ABERDEEN 37 SANGAMON
13 31 VAN BUREN VAN BUREN VAN BUREN Address: 110 N May Address: 801 W Lake Address: 1115 W Washington Address: 725 W Randolph Address: 935 W Washington 39 Status: Construction Status: Proposed Status: Construction Status: Construction Status: Construction Developer: Sterling Bay Developer: Shapack Partners Developer: Peerless RE Developer: Related Midwest Developer: ZOM Mid-Atlantic | Verde Project: Hyatt Hotel Project: Office Project: Condos Project: Equinox Mixed-Use Project: Apartments Unit Count: 200 Rooms Size: 725,000 SF Unit Count: 56 Units Equinox Gym | 20 Units | 145 Rooms Size: 405 Units
11 12 13 14 15
Address: 801 W Fulton Address: 1032 W Fulton Address: 1050 & 1125 W Van Buren Address: 215 N Peoria Address: 171 N Aberdeen Status: Construction Status: Proposed Status: Proposed Status: Proposed Status: Construction Developer: Shapack Partners Developer: Summit Design + Build Developer: Tandem Development Developer: Shapack Partners Developer: MCZ Development Project: Office Project: Office Project: Apartments Project: Office Project: Mixed-Use Size: 70,000 SF Size: 22,000 SF Unit Count: 343 Units Size: 120,000 SF Retail | 40,000 SF Office | 75 Units
16 17 18 19 20
Address: 170 N Peoria Address: 845 W Lake Address: 846 W Randolph Address: 375 N Morgan Address: 166 N Aberdeen Status: Proposed Status: Proposed Status: Construction Status: Proposed Status: Proposed Developer: Tucker Development Developer: Bridgeford Foods Developer: RCD Resorts Developer: Fred Latsko Co. Developer: MCZ Development Project: Apartments Project: Apartments Project: Nobu Hotel Project: Office Project: Apartments Unit Count: 300 Units Unit Count: 322 Units Unit Count: 119 Rooms Size: 175,000 SF Unit Count: 235 Units
*Data provided by CoStar, Crain’s, Bisnow & Curbed 18 DEVELOPMENT WATCH
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 PARK UNION OGDEN 22 CARROLL CARROLL DES PLAINES Address: 1201 W Lake Address: 330 N Green Address: 820 W Fulton Address: 939 W Fulton Address: 926 W Fulton
RACINE 30 WAYMAN WAYMAN 32 33 12 25 23 Status: Construction Status: Proposed Status: Proposed Status: Construction Status: Construction FULTON FULTON FULTON 27 MILWAUKEE Developer: McCaffery Interests Developer: Sterling Bay Developer: Thor Equities Developer: Madison Capital Developer: L3 Capital
ADA 24 11 LAFLIN JUSTINE 14 4 3 Project: Office Project: Mixed-Use Project: Office Project: Office Project: Time Out Food Hall LAKE LAKE 21 17 7 Size: 132,000 SF Movie Theatre | 19-Story Office | 21-Story Office Size: 70,000 SF Size: 50,000 SF Size: 30,000 SF 26 20 15 16 18 UNION PARK RANDOLPH RANDOLPH RANDOLPH 1 9 6 ADA
OGDEN MAY LOOMIS GREEN RACINE PEORIA WILLARD MORGAN HALSTED ELIZABETH ABERDEEN
10 SANGAMON CARPENTER WASHINGTON WASHINGTON WASHINGTON 8 CANAL THROOP CLINTON JEFFERSON DES PLAINES MADISON MADISON MADISON 5 2 28 MONROE MONROE MONROE
29 MARY 40 SKINNER PARK BARTELME HERITAGE PARK GREEN PARK ADAMS ADAMS ADAMS 36 35 38 CANAL CLINTON
34 JEFFERSON JACKSON JACKSON DES PLAINES JACKSON 26 27 28 29 30 LAFLIN GREEN LOOMIS RACINE PEORIA THROOP MORGAN HALSTED
ABERDEEN 37 SANGAMON
13 31 Address: 935 W Washington VAN BUREN VAN BUREN VAN BUREN Address: 172 N Ada Address: 905 W Fulton Address: 1050 W Monroe Address: 1515 W Monroe Address: 328 N Carpenter Status: Construction 39 Status: Construction Status: Construction Status: Construction Status: Proposed Status: Proposed Developer: ZOM Mid-Atlantic | Verde Developer: Marquette Companies Developer: Thor Equities Developer: Michigan Avenue Group Developer: Cedar Street Developer: Madison Capital Project: Apartments Project: Apartments Project: Office Project: Apartments Project: Apartments Project: Office Size: 405 Units Unit Count: 263 Units Size: 50,000 SF Unit Count: 120 Units Unit Count: 288 Units Size: 120,000 SF
31 32 33 34 35
Address: 808 W Van Buren Address: 310 N Sangamon Address: 1200 W Fulton Address: 1220 W Jackson Address: 625 W Adams Status: Construction Status: Proposed Status: Proposed Status: Proposed Status: Construction Developer: Loukas Development Developer: Mark Goodman & Associates Developer: IBT Developer: LG Construction Developer: White Oak Realty Project: Apartments Project: Office Project: Office | Hotel | Retail Project: Apartments Project: Office Unit Count: 148 Units Size: 211,000 SF Size: 1,200,000 SF Unit Count: 166 Units Size: 432,000 SF
36 37 38 39 40
Address: 855 W Adams Address: 315 S Jefferson Address: Union Station Address: 1061 W Van Buren Address: 111 S Peoria Status: Construction Status: Proposed Status: Proposed Status: Proposed Status: Construction Developer: White Oak Realty Developer: JAB Real Estate Developer: Riverside Development Developer: Pizzuti Companies Developer: LG Construction Project: Apartments Project: Apartments Project: Hotel | Office | Retail | Residential Project: Apartments Project: Condos Unit Count: 289 Units Unit Count: 69 Units Size: 3,100,000 SF Unit Count: 411 Units Unit Count: 79 Units
*Data provided by CoStar, Crain’s, Bisnow & Curbed 19 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.
20 BMO TOWER REDEVELOPMENT
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 responsibility for its correctness.
Stephen Cusano James Mead Drew Dillon 312.675.4334 312.676.1871 734.223.2315 [email protected] [email protected] [email protected]