PAD AVAILABLE FOR HOTEL DEVELOPMENT

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1 PAD AVAILABLE FOR HOTEL DEVELOPMENT 4 FOX VALLEY CENTER AURORA, IL John McDermott Executive Director john.mcdermott@svn.com Daniel Vanchieri Advisor daniel.vanchieri@svn.com SVN CHICAGO COMMERCIAL 940 WEST ADAMS STREET, SUITE 200, CHICAGO, IL SALE BROCHURE

2 Property Summary OFFERING SUMMARY Sale Price: Lot Size: PROPERTY OVERVIEW $25.00 / SF 1.5 Acres J. C. Penney has elected to offer for sale an out parcel at their premier mall location in Aurora, 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 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 59 and U.S. 34, just 7.2 miles south of I-88 Zoning: B-2 DuPage County population is 930,128 with a Median Household Income of $81,521 and a Median Home Value of $283,500 Close to Naperville, IL 42 miles to Downtown Chicago County: Du Page PAD AVAILABLE FOR HOTEL DEVELOPMENT 4 FOX VALLEY CENTER, AURORA, IL SVN Chicago Commercial Page 2

3 Aerial Photos PAD AVAILABLE FOR HOTEL DEVELOPMENT 4 FOX VALLEY CENTER, AURORA, IL SVN Chicago Commercial Page 3

4 Aurora, IL SURROUNDING AREA Aurora is a river community located 40 miles west of Chicago Aurora is accessible through 5 interchanges on the East/West Tollway Corridor. Corporate offices and commercial growth on the City's east and west sides continue to expand the City's boundaries, now stretching from Route 59 on the east to portions beyond Orchard Road on the west. Aurora is Illinois' second-biggest city where you can enjoy theatre, outdoor concert venue, the region's best shopping destinations, family fun at unique museums, entertainment centers, and scenic miles of outdoor adventure at parks and nature trails along the Fox River. In addition to a rich manufacturing history and strong industrial roots, Aurora has become a commercial and entertainment destination. The City of Aurora in partner with OnLight Aurora provides access to a robust metro Ethernet network with 60 miles of fiber, 2 connection methods, 3 redundant self-healing rings, and 10 gigabyte connections. 4 Districts within the city: DuPage County, Kane County, Kendall County and Will County. 6 School Districts and 7 Townships within the City Limits. Transportation: 3 Amtrak stations near Aurora. Naperville is 9 miles, Plano is 15 miles and Joliet is 20 miles. Aurora ranked 12th out of 300 cities across the nation in 2017, study conducted by finance firm LendEDU. Notable locations in Aurora: Bowman Corporate Center, Shopping Centers: Village Mart Shopping Center, Randall Plaza Shopping Center, Fox Valley Mall, Indian Trail Shopping Center, Northgate Shopping center, Yorkshire Shopping Center, and West Aurora Plaza Shopping Center. Aurora population is over 200,000 with a median household income of $66,540 and median house value of $176,200. PAD AVAILABLE FOR HOTEL DEVELOPMENT 4 FOX VALLEY CENTER, AURORA, IL SVN Chicago Commercial Page 4

5 Location Maps PAD AVAILABLE FOR HOTEL DEVELOPMENT 4 FOX VALLEY CENTER, AURORA, IL SVN Chicago Commercial Page 5

6 Demographics Map POPULATION 1 MILE 3 MILES 5 MILES Total population 9,002 85, ,977 Median age Median age (Male) Median age (Female) HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES Total households 3,709 32,207 79,280 # of persons per HH Average HH income $80,777 $104,475 $109,248 Average house value $320,616 $385,464 $407,088 * Demographic data derived from 2010 US Census PAD AVAILABLE FOR HOTEL DEVELOPMENT 4 FOX VALLEY CENTER, AURORA, IL SVN Chicago Commercial Page 6

7 Advisor Bio & Contact JOHN MCDERMOTT Executive Director PROFESSIONAL BACKGROUND 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. 940 West Adams Street, Suite 200 Chicago, IL T C john.mcdermott@svn.com IL # CalDRE # 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 lending, loan administration, secondary marketing, foreclosure and trustee services, REO administration, data processing and mortgage banking. In addition, McDermott was the founder and chief credit officer for a De Novo Savings and Loan in Phoenix, Arizona (Sentinel Savings). McDermott is a 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 4 FOX VALLEY CENTER, AURORA, IL SVN Chicago Commercial Page 7

8 Advisor Bio & Contact DANIEL VANCHIERI Advisor PROFESSIONAL BACKGROUND 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. 940 West Adams Street, Suite 200 Chicago, IL T C daniel.vanchieri@svn.com As a successful trader for 18 years at the Chicago Board of Trade, Daniel developed his acute skills as a negotiator and deal maker. Through the many successful opportunities he created for both buyers and sellers, he proved his attention to detail to be unparalleled. As a result, he has a unique 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 4 FOX VALLEY CENTER, AURORA, IL SVN Chicago Commercial Page 8

9 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. The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed in this proposal, and no other person is authorized by the Owner to provide any information or to make any representations other than contained in this Offering Brochure. If the person receiving these materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor. Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. This Offering Brochure may include certain statements and estimates with respect to the Property. These Assumptions may or may not be proven to be correct, and there can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability for representations or warranties, expressed or implied, contained in or omitted from this Offering Brochure, or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed and delivered Real Estate Purchase Agreement between it and Owner. The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the SVN Advisor nor any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Offering Brochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property. This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Offering Brochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on terms acceptable to Owner, in Owner s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and the SVN Advisor from any liability with respect thereto. To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective purchaser proceeds at its own risk. PAD AVAILABLE FOR HOTEL DEVELOPMENT 4 FOX VALLEY CENTER, AURORA, IL SVN Chicago Commercial Page 9