Midwest Capital Markets. Office Investment Sales. Inspired

Transcription

1 Midwest Capital Markets Office Investment Sales Inspired

2 Bruce Miller INTERNATIONAL DIRECTOR Nooshin Felsenthal EXECUTIVE VICE PRESIDENT Jeff Lorenz VICE PRESIDENT Lucas Borges ANALYST Justin VanBlaricom ANALYST PARTNER Office Investment PROFESSIONALS Jim Postweiler MANAGING DIRECTOR Peter Harwood EXECUTIVE VICE PRESIDENT Joe Moriarty ASSOCIATE Thomas Sardelli ANALYST Chris Heald MARKETING DIRECTOR Megan Reagan OPERATIONS MANAGER

3 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 OF INVESTOR SERVICES 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 OF ONE PLATFORM CAPITAL MARKETS AGENCY LEASING PROPERTY MANAGEMENT $140B $201M GLOBAL VOLUME REVENUE $91M REVENUE $54B US VOLUME 2,229 BUILDINGS LEASED 318M SQUARE FEET 1,212 TRANSACTIONS $15.7B TRANSACTIONS 1,523 BUILDINGS MANAGED 560 PROFESSIONALS 400+ PROFESSIONALS 1,880 PROFESSIONALS 1

4 Deals closed M I D W E S T Completed over $2 billion in office investment sales in Midwest Region JLL Capital Markets Location INSPIRED OFFICE INVESTMENT S 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. 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 S through due diligence and closing

5 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. Case Studies $712MM ($256 psf) October SELLER BUYER OUR ROLE Piedmont Office Realty Trust 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. $320.5MM ($369 psf) November SELLER BUYER OUR ROLE Hines PNC Realty Investors / AFL CIO 867,821 sq. ft. Represented seller 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 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. $35MM ($237 psf) September SELLER Northwestern Mutual BUYER OUR ROLE W.P. Carey 146,745 sq. ft. Represented seller River Road I & II Indianapolis, IN 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. $22MM ($96 psf) December SELLER Duke BUYER OUR ROLE Onward Investors 228,222 sq. ft. Represented seller 3

6 Central Business District R E P R E S E N TAT I V E 353 North Clark Chicago, IL 1,200,000 sq. ft. $715 million LG&E Center 4 JLL OFFICE INVESTMENT S 111 North Canal Chicago, IL Class B 839,601 sq. ft. $305 million Regions Tower Louisville, KY 287,520 sq. ft. $60.0 million 55 East Monroe S Chicago, IL 1,200,000 sq. ft. $367 million Indianapolis, IN 705,292 sq. ft. $67.9 million One Kansas City Place Kansas City, MO 796,642 sq. ft. $68.2 million

7 Suburban R E P R E S E N TAT I V E River Road I & II Indianapolis, IN 228,273 sq. ft. $21.8 million Riverwalk II Buffalo Grove, IL 258,995 sq. ft. $45 million Lombard, IL - 124,098 Cornerstone II at Cantera Warrenville, IL 146,754 sq. ft. $34.8 million Cantera Meadows 701 E. 22nd Street S $18.5 million Warrenville, IL 203,842 sq. ft. $28.4 million One Northwestern Plaza Southfield, MI 240,900 sf $18.2 million One North Main Ann Arbor, MI 113,956 sq. ft. $24.0 million 2016 Meridian Corporate Plaza Indianapolis, IN CLass A 329,546 sq. ft. $42.3 million 6000 Nathan Lane Minneapolis, MN 182,250 sf $15.5 million 5

8 JLL Midwest Office Investment Sales 200 East Randolph Street Suite 4600 Chicago, IL Bruce Miller International Director () Nooshin Felsenthal Executive Vice President () Jeff Lorenz Vice President () Jim Postweiler Managing Director (Suburban) Peter Harwood Executive Vice President (Suburban) 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. 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