Managed Bid Sale 900-914 W

Managed Bid Sale 900-914 W

MANAGED BID SALE 900-914 W. Fulton Market 911-923 W. Fulton Market Chicago, Illinois Prepared By: Vernon F. Schultz Michael L. Senner Executive Vice President Executive Vice President 847 698 8233 Direct 847 698 8234 Direct 312 613 1877 Cell 312 315 4228 Cell [email protected] [email protected] DISCLAIMER Disclaimer Colliers International is pleased to offer the most exciting investment opportunity available in the Fulton Market submarket. The information enclosed provides the details necessary for you to complete the contract provided and to return it to us on or before Thursday, October 20, 2016. This Offering Memorandum, which contains brief, select information pertaining ot the business and affairs of the Property, has been prepared by olC liers International. This Offering Memorandum does not purport to be all-inclusive or to contain all of the infor- mation a prospective purchaser may desire. Neither Owner nor Colliers International, nor any of their officers, employees, or agents makes any representation or warranty, express or implied, as to the accuracy or completeness of the Offering Memorandum or any of its contents and no legal liability is assumed or shall be implied with respect thereto. By acknowledging your receipt of this Offering Memorandum, you agree: 1) the Offering Memorandum and its contents are confidential; 2) you will hold and treat it in the strictest of confidence; and 3) you will not, directly ro indirectly, disclose or permit anyone else to disclose this Offering Memorandum or its contents in any fashion or manner detrimental to the interest of Owner. Photocopying or other duplication is strictly prohibited. The Property and improvements described in the Offering Memorandum are being sold on an “As Is, Where Is” basis without representation or warranties. Owner and Colliers International expressly reserve the right, at their sole discretion; to reject any or all expressions of interest or offers to purchase the Property unless and until a written agreement for the purchase and sale of the Property has been fully executed and delivered. If you do not wish to pursue negotiations leading to this acquisition, or if in the future you discontinue such negotiations, then you agree to return the Offering Memorandum to Colliers International. This Offering Memorandum shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the state of affairs of the Property inces the date the Offering Memorandum was prepared. OFFERING MEMORANDUM COLLIERS INTERNATIONAL TABLE OF CONTENTS TABLE OF CONTENTS EXECUTIVE SUMMARY .................................................................................... I LOCATION AREA AND DESCRIPTION ............................................................. II PROPERTY PHOTOS ........................................................................................ III PLANS ............................................................................................................ IV SURVEY ............................................................................................................ V REAL ESTATE TAXES ........................................................................................ VI TITLE REPORT .................................................................................................... VII ENVIRONMENTAL Report .................................................................................. VIII ROOF REPORT .................................................................................................. IX HVAC & ELEVATOR REPORT .......................................................................... X ALDERMAN ....................................................................................................... XI ZONING .............................................................................................................. XII CONFIDENTIALTY AGREEMENT ..................................................................... XIII PURCHASE & SALE AGREEMENT .................................................................... XIV Executive Summary PROPERTY Description The subject property is located at 900-914 and 911-923 W. Fulton market in Chicago’s dynamic Fulton Market neighborhood. Arguably one of the nation’s fastest growing submarkets, the area has transformed virtually overnight. Large corporations such as SRAM, Google and McDonald’s have taken advantage of the areas high end demographics and access to the Central Business District and public transportation. The dramatic increase in the work population and character of the existing inventory have ignited retail, multifamily and hotel development. The existing improvements are captured below. Property Information Instructions Ownership intends to make all of the relevant due diligence materials available for a potential purchasers to review. The goal is to sell the property without due diligence related questions or concerns. In order to review all of the relevant due diligence materials, please execute and return the attached confidentiality agreement. Please submit all offers prior to Wednesday, October 26th at 12:00 PM CST to: 900-914 & 911-923 W. Fulton Market, Chicago, IL Chicago, Market, 900-914 & 911-923 W. Fulton VERNON F SCHULTZ, SIOR Executive Vice President 6250 N. River Road, Ste. 11-100 Rosemont, IL 60018 [email protected] DIR +1 847 698 8233 EXCLUSIVE Agent Agreement Colliers International has been retained by ownership as exclusive agent to sell (“Seller/Landlord”) 900-914 & 911-923 W. Fulton Market, Chicago, IL (“property”). Please review, execute and return the “Non-Disclosure Agreement” to receive access to the confidential property information. If you have any questions please feel free to contact us. Contacts Property The designated agents for the Seller are: Information VERNON F. SCHULTZ, SIOR MICHAEL L. SENNER Executive Vice President Executive Vice President [email protected] [email protected] DIR +1 847 698 8233 DIR +1 847 698 8234 COLLIERS INTERNATIONAL Disclaimer This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excluded unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). © 2016. All rights reserved. PROPERTY Photographs 900-914 & 911-923 W. Fulton Market, Chicago, IL Chicago, Market, 900-914 & 911-923 W. Fulton CHICAGO Metropolitan Area Chicago is the largest market in the Midwest and a global business Chicago is one of the world’s most vibrant and diversified economies, destination. Corporations and financial institutions located in the and the region’s strength is centered on the leadership of the many Chicago Central Business District ensure the city a prominent position companies who do business in its famed CBD, known as “The Loop.” in the world’s financial community. Over 300 domestic banks and 100 The city’s location at the geographic center of the world’s largest foreign banks are located in the Chicago CBD. Chicago financial economy makes it uniquely accessible for international business of exchanges, including the Mercantile Exchange, Chicago Board of all kinds, from manufacturing-based industries to the service sector Trade, Chicago Board of Options Exchange and Chicago Stock Ex- and technology-based firms. While Chicago was a strong force in the change, account for 80% of the world’s commodity trading and technology boom of the 1990s, the metropolitan area’s more traditional international futures trading. A high quality of life plays a key role in industries thrived as well and continue to provide the economic base why corporations make the critical decision to relocate to the Chicago that insulates Chicago from the economic ups and downs of the two area. The CBD’s 650,000 employees can enjoy more than 31 miles coasts. As a global transportation, financial and cultural hub city, of lakefront, an exceptional public transportation system, world-class Chicago – and its thriving 24/7 downtown community – is attractive to architecture, museums, restaurants, theaters and music venues. a myriad of Fortune 500 companies and smaller businesses alike. Market Overview THE WORLD’S WORKFORCE THE GOOD LIFE • Culturally diverse private-sector labor force of • Affordable cosmopolitan metropolis over 4 million people • 80 miles (129 km) of public shoreline and • At least 35 ethnic groups with a population 88 vacation beaches greater than 10,000 • Outstanding public, private and parochial • 1,500 foreign-owned firms in Chicago area schools • 19 Michelin-starred restaurants, including one 3-star; 10 James Beard Awards in the past 5 years; and 4 AAA 5-Diamond-rated GLOBAL AND DIVERSE ECONOMY restaurants • The only US city with five Tony Award- • 400+ Major Corporate Headquarters winning theater companies • 28 Fortune 500 companies • 33,000+ hotel rooms at properties including • 29 Fortune 500 HQs, including 7 in the city two of the world’s Top 10 hotels • 10 FT

View Full Text

Details

  • File Type
    pdf
  • Upload Time
    -
  • Content Languages
    English
  • Upload User
    Anonymous/Not logged-in
  • File Pages
    193 Page
  • File Size
    -

Download

Channel Download Status
Express Download Enable

Copyright

We respect the copyrights and intellectual property rights of all users. All uploaded documents are either original works of the uploader or authorized works of the rightful owners.

  • Not to be reproduced or distributed without explicit permission.
  • Not used for commercial purposes outside of approved use cases.
  • Not used to infringe on the rights of the original creators.
  • If you believe any content infringes your copyright, please contact us immediately.

Support

For help with questions, suggestions, or problems, please contact us