Office Investment Sales

Midwest Capital Markets
Office
Investment Sales
Inspired
Bruce Miller
Nooshin Felsenthal
INTERNATIONAL DIRECTOR
CBD
EXECUTIVE VICE PRESIDENT
CBD
Lucas Borges
Jeff Lorenz
Justin VanBlaricom
ANALYST
CBD
VICE PRESIDENT
CBD
ANALYST
CBD
PARTNER
Office Investment
PROFESSIONALS
Jim Postweiler
Peter Harwood
MANAGING DIRECTOR
SUBURBAN
EXECUTIVE VICE PRESIDENT
SUBURBAN
Joe Moriarty
Thomas Sardelli
ASSOCIATE
SUBURBAN
Chris Heald
MARKETING DIRECTOR
ANALYST
SUBURBAN
Megan Reagan
OPERATIONS MANAGER
When you select JLL Capital Markets as your business partner, you get a single, agile
integrated company with a client-centric approach to real estate. In a broader context, all of
our firm is at your disposal — whether you collaborate with us to modify the status of a single asset
or make a series of complex decisions that impact properties worldwide.
Why
Choose
JLL?
Our integrated suite O F I N V E S T O R S E R V I C E S
From acquisition identification, financing, to property disposition — and every stage in between — our
integrated investor services team of agency leasing, property management and capital markets professionals
know how to position your asset for success throughout the lifecycle of your investment.
The power O F O N E P L AT F O R M
C A P I TA L M A R K E T S
$140B
AGENCY LEASING
PROPERTY MANAGEMENT
GLOBAL VOLUME
$201M
REVENUE
$91M
$54B
2,229
318M
1,212
$15.7B
1,523
560
400+
1,880
US VOLUME
TRANSACTIONS
PROFESSIONALS
BUILDINGS LEASED
TRANSACTIONS
PROFESSIONALS
REVENUE
SQUARE FEET
BUILDINGS MANAGED
PROFESSIONALS
1
Deals closed M I D W E S T
Completed over $2 billion in office investment sales in 2015
Midwest Region
JLL Capital Markets Location
INSPIRED
OFFICE INVESTMENT SALES
Platform Capabilities
Investment Sales
The Midwest Office Investment Sales team takes the time to understand a client’s transaction goals, as well as the qualities that make a property or
portfolio an attractive, marketable asset thus capturing an opportunity’s unique value and positioning.
Service Offerings
Property Specialities
With global access to thousands of foreign and domestic investors, we can
showcase your asset to a vast, diverse pool of attractive buyers.
• CBD and Suburban
• High & Mid Rise
• Medical Office
• Mixed-Use
• Single Tenant
• Value-Add
• Corporate Facilities
• Core & Trophy
• Office market analysis including
• Value realization strategies
tracking recent sales, leasing
• Opinions of value
activity and economic trends
• Seamless transition of ownership
• Acquisition underwriting and
transaction structuring
2 JLL OFFICE INVESTMENT SALES
through due diligence and closing
AON Center | Chicago, IL
Marketed the Property as a generational value creation and repositioning opportunity for one of the most recognizable landmarks in Chicago
and one of the country’s most iconic trophy properties. The marketing process ultimately resulted in sourcing a material number of bids from
offshore investors, several of which were first-time buyers in Chicago. Created an extremely competitive environment for investors by crafting a
compelling and multi-faceted story for the asset, generating significant interest and tour activity.
CBD
SALE PRICE
$712MM ($256 psf)
CLOSED
October 2015
SELLER
Piedmont Office Realty Trust
BUYER
SIZE
OUR ROLE
Case
Studies
601W Companies
2,777,187 sq. ft.
Represented seller
333 West Wacker | Chicago, IL
Positioned the property as an iconic core investment opportunity ideally located at the convergence of Chicago’s financial, creative, technology,
entertainment, and residential districts. Emphasized the strength of the long-term investment grade tenancy balanced with growing tech/creative
brands at the node of Chicago’s major demand drivers. Senior members of our team led a comprehensive local, national and global marketing
campaign to a broad range of investors including institutional funds, private and off-shore buyers.
CBD
SALE PRICE
$320.5MM ($369 psf)
CLOSED
November 2015
SELLER
Hines
BUYER
SIZE
OUR ROLE
PNC Realty Investors / AFL CIO
867,821 sq. ft.
Represented seller
SUBURBAN
Cornerstone II at Cantera | Warrenville, IL
Positioned Property as an ideally situated investment opportunity with upside potential and a top tier amenity base located Chicago’s Western
East-West submarket. Boasted property’s convenient access located near major highways for practical commutes as well as its tremendous
single tenant profile with full occupancy through 2026. Emphasized the strength of DuPage County located just 20 miles west of downtown
Chicago and is one of the wealthiest counties in the nation. Highlighted the significant discount to replacement cost, which is conservatively
estimated to be $300 to $400 per square foot.
SALE PRICE
$35MM ($237 psf)
CLOSED
September 2015
SELLER
Northwestern Mutual
BUYER
SIZE
OUR ROLE
W.P. Carey
146,745 sq. ft.
Represented seller
River Road I & II | Indianapolis, IN
SUBURBAN
Positioned the Property as a top tier suburban office asset in Indianapolis with significant value enhancement potential. Boasted property’s outstanding
tenancy profile with a weighted average remaining lease term of 5.0 years, providing the future owner with a stable and secure cash flow. Emphasized
the strength of the Keystone submarket with its ideally situated location along the beltway, as well as close proximity to affluent neighborhoods and highly
skilled workforce. Highlighted the significant discount to replacement cost, which is estimated to be $185 to $225 per square foot.
SALE PRICE
$22MM ($96 psf)
CLOSED
December 2015
SELLER
Duke
BUYER
SIZE
OUR ROLE
Onward Investors
228,222 sq. ft.
Represented seller
3
Central Business District R E P R E S E N TAT I V E
353 North Clark
LOCATION
CLASS
SIZE
SALE PRICE
CLOSED
Chicago, IL
Class A
1,200,000 sq. ft.
$715 million
2014
LG&E Center
LOCATION
CLASS
SIZE
SALE PRICE
CLOSED
CLASS
SIZE
SALE PRICE
CLOSED
4 JLL OFFICE INVESTMENT SALES
111 North Canal
LOCATION
CLASS
SIZE
SALE PRICE
CLOSED
Chicago, IL
Class B
839,601 sq. ft.
$305 million
2015
Regions Tower
Louisville, KY
Class A
287,520 sq. ft.
$60.0 million
2015
55 East Monroe
LOCATION
SALES
Chicago, IL
Class A
1,200,000 sq. ft.
$367 million
2015
LOCATION
CLASS
SIZE
SALE PRICE
CLOSED
Indianapolis, IN
Class A
705,292 sq. ft.
$67.9 million
2014
One Kansas City Place
LOCATION
CLASS
SIZE
SALE PRICE
CLOSED
Kansas City, MO
Class A
796,642 sq. ft.
$68.2 million
2014
Suburban R E P R E S E N TAT I V E
River Road I & II
LOCATION
CLASS
SIZE
SALE
PRICE
CLOSED
Indianapolis, IN
Class A
228,273 sq. ft.
$21.8 million
2015
Riverwalk II
LOCATION
CLASS
SIZE
SALE
PRICE
CLOSED
Buffalo Grove, IL
Class A
258,995 sq. ft.
$45 million
2014
Lombard, IL
CLASS
Class A-
SIZE
124,098
SALE
PRICE
CLOSED
Cornerstone II at Cantera
LOCATION
CLASS
SIZE
SALE
PRICE
CLOSED
Warrenville, IL
Class A
146,754 sq. ft.
$34.8 million
2015
Cantera Meadows
701 E. 22nd Street
LOCATION
SALES
$18.5 million
2014
LOCATION
CLASS
SIZE
SALE
PRICE
CLOSED
Warrenville, IL
Class A
203,842 sq. ft.
$28.4 million
2014
One Northwestern Plaza
LOCATION
CLASS
SIZE
SALE
PRICE
CLOSED
Southfield, MI
Class A
240,900 sf
$18.2 million
2014
One North Main
LOCATION
CLASS
SIZE
SALE
PRICE
CLOSED
Ann Arbor, MI
Class A
113,956 sq. ft.
$24.0 million
2016
Meridian Corporate Plaza
LOCATION
CLASS
SIZE
SALE
PRICE
CLOSED
Indianapolis, IN
CLass A
329,546 sq. ft.
$42.3 million
2014
6000 Nathan Lane
LOCATION
CLASS
SIZE
SALE
PRICE
CLOSED
Minneapolis, MN
Class A
182,250 sf
$15.5 million
2014
5
JLL Midwest Office Investment Sales
200 East Randolph Street
Suite 4600
Chicago, IL 60601
Bruce Miller
International Director (CBD)
1.312.228.2340
[email protected]
Nooshin Felsenthal
Executive Vice President (CBD)
1.312.228.2602
[email protected]
Jim Postweiler
Managing Director (Suburban)
1.312.228.2661
[email protected]
Peter Harwood
Executive Vice President
(Suburban)
1.312.228.2124
Jeff Lorenz
Vice President (CBD)
1.312.228.3193
[email protected]
jll.com/mwcmg
jll.com/investor
About JLL
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning,
occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 230
corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real
estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance
transactions in 2015. Its investment management business, LaSalle Investment Management, has $56.4 billion of real estate assets under management. JLL is the brand
name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.