PAD AVAILABLE FOR HOTEL DEVELOPMENT 3340 MALL LOOP DRIVE JOLIET, IL 60431 John McDermott Executive Director 312.626.3030 [email protected] Daniel Vanchieri Advisor 312.756.7337 [email protected] SVN | CHICAGO COMMERCIAL | 940 WEST ADAMS STREET, SUITE 200, CHICAGO, IL 60607 SALE BROCHURE Property Summary OFFERING SUMMARY PROPERTY OVERVIEW Sale Price: $15.00 / SF J. C. Penney has elected to offer for sale an out parcel at their premier mall location in Joliet, Illinois. This is a rare opportunity for a developer to benefit from the mall's superior location, ingress and egress, visibility and significant demand generators related to the mall in both retailers and service providers. Outstanding parking via reciprocal agreement makes this offering ideal for Lot Size: 1.5 Acres limited service hotels, extended stay providers or other uses as may be determined feasible both by J. C. Penney and the city of jurisdiction. PROPERTY HIGHLIGHTS • Intersection of Route 30 and I-55 Zoning: MUN • Approx. 40 Miles to Downtown Chicago • Approx. 5.2 Miles to Joliet Regional Airport • Will County population is 692,661 with a Median Household Income of $77,507 and Median Home Value of $210,600 County: Will PAD AVAILABLE FOR HOTEL DEVELOPMENT | 3340 MALL LOOP DRIVE, JOLIET, IL 60431 SVN | Chicago Commercial | Page 2 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Aerial Photos PAD AVAILABLE FOR HOTEL DEVELOPMENT | 3340 MALL LOOP DRIVE, JOLIET, IL 60431 SVN | Chicago Commercial | Page 3 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Joliet, IL SURROUNDING AREA • Joliet is the third largest city in Illinois by population, and the second largest municipality in the state by land area. It is the County seat of Will County, and has territory extending into Kendall County,. • Joliet is home to Harrah's and Hollywood Casinos, Joliet Slammers Baseball Team, the beautiful Rialto Theatre, Joliet Area Historical Museum, Chicagoland Speedway, Rt. 66 Raceway, Splash Station WaterPark and the Inwood, Wedgewood and Woodruff Golf ourC ses. • The City of Joliet is traversed by Interstate 55 and Interstate 80 providing easy access to national destinations. Our nearby access to Interstate 57 and Interstate 355 further augment access to markets. • Joliet and the Will County Region are experiencing a continuation of the residential, commercial and industrial growth. Permit activity continues to accelerate bringing millions of dollars of private investment to Joliet. • Joliet is home to a strong and diverse retail base including a major regional mall. Retail opportunities exist within numerous commercial corridors as infill sites and as vacant pads. • Manufacturing and logistics continue to expand with Amazon, IKEA, Mars, Whirlpool, Saddle Creek Logistics and others selecting Joliet as home. • The Joliet Area Chamber of Commerce, Joliet City Center Partnership and Heritage Corridor Convention & Visitors Bureau all provide support of local business and promote the interests of Joliet. • Joliet population is 148,462 with a median house value of $163,900 and a median household income of $61,834. • Joliet attractions include: Leisure Lake, Starved Rock State Park, Billie Limacher Bicentennial Park & Theatre, and about 50 park sites. PAD AVAILABLE FOR HOTEL DEVELOPMENT | 3340 MALL LOOP DRIVE, JOLIET, IL 60431 SVN | Chicago Commercial | Page 4 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Location Maps PAD AVAILABLE FOR HOTEL DEVELOPMENT | 3340 MALL LOOP DRIVE, JOLIET, IL 60431 SVN | Chicago Commercial | Page 5 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Demographics Map POPULATION 1 MILE 3 MILES 5 MILES Total population 8,944 66,708 178,958 Median age 32.3 35.7 35.6 Median age (Male) 32.7 34.4 34.2 Median age (Female) 31.4 36.1 36.8 HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES Total households 2,792 22,427 61,576 # of persons per HH 3.2 3.0 2.9 Average HH income $79,654 $79,562 $76,545 Average house value $203,343 $215,741 $221,829 * Demographic data derived from 2010 US Census PAD AVAILABLE FOR HOTEL DEVELOPMENT | 3340 MALL LOOP DRIVE, JOLIET, IL 60431 SVN | Chicago Commercial | Page 6 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Advisor Bio & Contact JOHN MCDERMOTT PROFESSIONAL BACKGROUND Executive Director John McDermott serves as Executive Director of Sales and Director of its Industrial Practice for SVN Chicago Commercial in Chicago, Illinois. John is a member of the Executive Committee of the SVN Asset Recovery Team (SVNART), serves as its Southern California Regional Director and is also a member of the SVNIC Advisory Board. John also trains SVN Advisors nationwide. His commercial real estate experience includes the ownership and development of condominiums, mobile home parks, neighborhood anchored retail centers, recreational vehicle parks, and apartments with 45 years of real estate and finance experience. Prior to joining SVN, McDermott served as a broker, manager, and executive in California, Arizona, New York, Philadelphia, and Washington D.C for Marcus & Millichap. Previously, McDermott served as the manager of nationwide lending for First Federal Savings of Arizona where he was responsible for 940 West Adams Street, Suite 200 lending, loan administration, secondary marketing, foreclosure and trustee Chicago, IL 60607 T 312.626.3030 services, REO administration, data processing and mortgage banking. C 949.351.2448 [email protected] In addition, McDermott was the founder and chief credit officer for a De Novo IL #475.172622 Savings and Loan in Phoenix, Arizona (Sentinel Savings). McDermott is a CalDRE #01027603 member of the International Council of shopping Centers (ICSC) and the National Association of Industrial and Office Properties (NAIOP) and is member of that organization’s Editorial Board for its “Development” magazine. McDermott earned a Bachelor of Science in real estate and finance with a minor in psychology from Arizona State University in Tempe, Arizona. EDUCATION B.S. Real Estate and Finance Arizona State University MEMBERSHIPS & AFFILIATIONS NAIOP ICSC Editorial Board - "Development Magazine" SVNIC Advisory Board SVNART Executive Committee PAD AVAILABLE FOR HOTEL DEVELOPMENT | 3340 MALL LOOP DRIVE, JOLIET, IL 60431 SVN | Chicago Commercial | Page 7 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Advisor Bio & Contact DANIEL VANCHIERI PROFESSIONAL BACKGROUND Advisor Daniel Vanchieri has been active in the financial and real estate industry for more than 20 years. As an advisor for SVN and a licensed real estate broker, his focus is primarily on the sale of industrial properties in the Chicagoland and surrounding areas; specializing in properties ranging from the 5,000 to 100,000 square feet. Daniel is enthusiastic in helping owner/users maximize their true objectives. He is always putting the client's interests above his own, insuring strong, long term relationships with the people with whom he works. Daniel understands that his business hinges on his reputation and doing what is best for his clients. His background is diverse with many years of experience in construction, property management, and operations. As a successful trader for 18 years at the Chicago Board of Trade, Daniel 940 West Adams Street, Suite 200 developed his acute skills as a negotiator and deal maker. Through the many Chicago, IL 60607 T 312.756.7337 successful opportunities he created for both buyers and sellers, he proved C 630.567.3705 his attention to detail to be unparalleled. As a result, he has a unique [email protected] understanding on a variety of issues that owners/users face. Daniel is a graduate of DePaul University with a degree in finance and on a personal note, Daniel keeps very active with his wife and four children. He was a founding member and treasurer of Cass 63 Foundation for Educational Excellence. In addition, he was on the parish counsel at Our Lady of Mount Carmel Church, serving as Director of Finance and Chairman of the Building Committee PAD AVAILABLE FOR HOTEL DEVELOPMENT | 3340 MALL LOOP DRIVE, JOLIET, IL 60431 SVN | Chicago Commercial | Page 8 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Disclaimer The material contained in this Offering Brochure 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.