Colliers International 6250 N. River Road Suite Rosemont, IL Phone Fax No warranty or representation is made

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8 O Hare Quarter in Review» The O'Hare submarket continues to set new vacancy records. Significant new leasing and user sale activity outpaced the effects of new vacancies being introduced, pushing the vacancy rate down four basis points to 3.03 percent, the lowest rate ever recorded in the submarket. Submarket Indicators O HARE Q Q Q VACANCY RATE 3.03% 3.07% 3.84% NET ABSORPTION (SF) 38, , ,776 NEW SUPPLY (SF) 120, , ,982 UNDER CONSTRUCTION (SF) 374, , ,366 NEW LEASING ACTIVITY (SF) 947, , ,252 AVG ASKING RENTAL RATE $5.95 $5.73 $5.59» Large blocks of space are hard to find in the O'Hare submarket. There are currently only two available space options for users seeking to lease space 200,000 square feet or more, only one of which is vacant.» Net absorption was positive for the fourth consecutive quarter, totaling 38,718 square feet between April and June. Through the first half of 2018, net absorption totaled 186,960 square feet.» Two speculative development projects were delivered during the second quarter of 2018 including a 95,962-square-foot building developed by Liberty Property Trust at 350 N York Road in Bensenville and a 24,500-square-foot building developed by Gullo Development Corp at 2416 Estes Avenue in Elk Grove Village.» There are currently four infill speculative projects totaling 374,345 square feet under construction, two of which are locations in Elk Grove Village and the other two in Wood Dale. All four buildings are scheduled to deliver by the end of Several additional speculative projects totaling nearly 1.0 million square feet are about to start construction. Vacancy Rate & Net Absorption Vacancy Rate 16% 14% 12% 10% 8% 6% 4% 2% Available Space for Lease Profile 30,000-99,999 SF 100, ,999 SF 200, ,999 SF 300, ,999 SF 2017 YTD Net Absorption (millions of SF)» New leases and lease expansions totaled 947,998 square feet during the second quarter of 2018, the greatest quarterly tally since the first quarter of The largest new lease involved United Business Mail Inc subleasing 203,064 square feet at 801 W Bryn Mawr Avenue in Itasca.» The largest sale transaction involved Yusen Logistics Inc executing its option to purchase the building it previously leased from Duke Realty Corporation at 1300 Busse Road in Elk Grove Village. Forecast Speculative infill development is on the rise, and is expected to increase over the next six months as several sizable projects are just breaking ground. When this new product is delivered, it will likely result in an increase to the submarket's record-low vacancy rate until some of the newly-developed space is leased. 500,000+ SF Vacant Occupied Under Construction Largest Available Spaces for Lease MAP # SIZE (SF) ADDRESS 1 228, Mt Prospect Road, Des Plaines 2 215, Express Center Drive, Chicago 3 165, W Thorndale Avenue, Itasca 4 154, N York Road, Bensenville 5 152, Mt Prospect Road, Des Plaines 28

9 Chicago Executive Airport Arlington Heights Morton Grove Evanston Schaumburg Bloomingdale # Lease transaction # Sale transaction 355 # Active construction project # Large available block of Addison space 6 5 Elk 1 Grove Village Itasca Wood Dale 2 Bensenville Des Plaines Ohare Int'l Airport Franklin Park Niles 90 Skokie Northlake O Hare Significant Q Lease Transactions Transactions in blue designate Colliers International transactions MAP # TENANT SIZE (SF) ADDRESS TYPE 1 Coaster Company 253, Wille Road, Des Plaines Lease extension 2 United Business Mall Inc 203, W Bryn Mawr Avenue, Itasca Sublease 3 Multi-Pack 175, W Central Road, Mount Prospect Lease renewal 4 Savino Del Bene USA Inc 132, Thorndale Avenue, Bensenville New lease 5 W Diamond Group 100, W Oakton Street, Des Plaines New lease 6 TEI Logistics 78, Algonquin Road, Mount Prospect New lease O Hare Significant Q Sale Transactions Transactions in blue designate Colliers International transactions MAP # BUYER SIZE (SF) ADDRESS TYPE 1 Yusen Logistics America 229, Busse Road, Elk Grove Village User sale/exercised purchase option 2 Clear Height Properties 116, Foster Avenue, Bensenville Part of a 6-property local investment portfolio sale 3 Village of Mount Prospect 103, Biermann Court, Mount Prospect User sale/redevelopment 4 Clear Height Properties 78, Elmhurst Road, Elk Grove Village Part of a 6-property local investment portfolio sale 5 Taurus Investment Holdings, LLC 56, Greenleaf Avenue, Elk Grove Village Equity recapitalization of 51-property class B portfolio Historical New Supply Square Feet 800, , , ,000 O Hare Active Construction Projects MAP # TYPE SIZE (SF) ADDRESS DEVELOPER 1 Speculative 133, Chase Avenue, Elk Grove Village Panattoni 2 Speculative 81, N Mittel Boulevard, Wood Dale Hamilton Partners 3 Speculative 80, W Mittel Drive, Wood Dale ProLogis 4 Speculative 79, Arthur Avenue, Elk Grove Village Seefried Industrial Properties -1,200, YTD 2018 Active Spec 139, , , , ,345 BTS 491, , , Demo -608, ,345-81, , , Research & Forecast Report Second Quarter 2018 Chicago/Industrial Colliers International