AMERICAN WAY CORPORATE CENTER

Transcription

1 AMERICAN WAY CORPORATE CENTER AMERICAN WAY LIBERTYVILLE, IL Albert M. Lindeman Senior Vice President Michael Rudman Senior Advisor SVN Chicago Commercial 940 West Adams Street, Suite 200, Chicago, IL OFFERING MEMORANDUM

2 PROPERTY INFORMATION 3 Executive Summary Property Description Property Details Complete Highlights Additional Photos LOCATION INFORMATION 9 Regional Map Location Maps Aerial Map Site Plan FINANCIAL ANALYSIS 14 Financial Summary Rent Roll SALE COMPARABLES 17 Sale_Comps_ pdf RENT COMPARABLES 30 Lease_Comps.pdf DEMOGRAPHICS 40 Demographics Report Demographics Map ADVISOR BIOS 43 Advisor Bio & Contact 1 Advisor Bio & Contact 2 SVN Chicago Commercial 940 West Adams Street, Suite 200, Chicago, IL OFFERING MEMORANDUM

3 FOR SALE OFFICE AMERICAN WAY CORPORATE CENTER American Way Libertyville, IL PROPERTY 1 PROPERTY INFORMATION INFORMATION American Way Libertyville, IL AMERICAN WAY CORPORATE CENTER AMERICAN WAY LIBERTYVILLE, IL All SVN Offices Independently Owned and Operated The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. SVN Chicago Commercial Page 3

4 Executive Summary OFFERING SUMMARY Sale Price: $4,390,000 Cap Rate: 8.0% NOI: $321,521 Lot Size: 3.76 Acres Year Built: 2005 Building Size: 22,855 Zoning: O 2 Market: North Suburban Price / SF: $ PROPERTY OVERVIEWVIEW Quality Construction Multi Tenant Office Building on Campus Like Setting. Property features High Quality Exterior and Interior finishes. Rent roll consists of several long term medical tenants,individually controlled HVAC units,200 Amp service panels high quality interior finishes and well maintained property and building. Property features 97 parking spaces with 8/1000 parking ratio. Great Investor or Owner User Opportunity. PROPERTY HIGHLIGHTS Great Investor or Owner User Opportunity High Visibility Multi Tenant Building Excellent Quality Exterior and Interior Construction Campus Like Setting with Lake View 8 Car Per Thousand SF Parking Ratio Medical Tenants with Long Term Leases in Place Great Location with Access to Highway and Interstate AMERICAN WAY CORPORATE CENTER AMERICAN WAY LIBERTYVILLE, IL SVN Chicago Commercial Page 4

5 Property Description PROPERTY OVERVIEWVIEW Quality Construction Multi Tenant Office Building on Campus Like Setting. Property features High Quality Exterior and Interior finishes. Rent roll consists of several long term medical tenants,individually controlled HVAC units,200 Amp service panels high quality interior finishes and well maintained property and building. Property features 97 parking spaces with 8/1000 parking ratio. Great Investor or Owner User Opportunity. LOCATION OVERVIEWVIEW The Village of Libertyville is located in south central Lake County, approximately 37 miles from Chicago 55 Miles from Milwaukee Wisconsin and seven miles west of Lake Michigan. The Village is an established residential community and has traditionally served as a major market and service center for central Lake County. The population of the Village, approximately 22,000 (Census Bureau, 2006 Estimate), has more than doubled since 1960, as the Village has shared in the economic growth of the Chicago metropolitan area. An ongoing effort to restore and preserve historic Libertyville contributes to the traditional home town atmosphere in the Village. Major employers include Advocate Condell Volkswagen Credit Hollister Brightstar. AMERICAN WAY CORPORATE CENTER AMERICAN WAY LIBERTYVILLE, IL SVN Chicago Commercial Page 5

6 Property Details SALE PRICE $4,390, LOCATION INFORMATION Building Name Street Address American Way Corporate Center American Way City, State, Zip Libertyville, IL County/Township Market BUILDING INFORMATION Building Size Building Class Lake North Suburban 22,855 SF Occupancy % 90% Tenancy B Multiple Number Of Floors 2 Year Built 2005 Condition Free Standing Excellent Yes PROPERTY DETAILS Property Type Property Subtype Office Medical Zoning O 2 Lot Size 3.76 Acres APN# PARKING & TRANSPORTATIONTION Parking Type Surface Parking Ratio 8.0 Number Of Spaces 97 UTILITIES & AMENITIES Exterior Description Interior Description High Quality Custom Construction with Masonry and Stone Exterior and 75 year Life Expectancy roof High Quality medical and General Office Space Improvement cost range from $100. $175 PSF AMERICAN WAY CORPORATE CENTER AMERICAN WAY LIBERTYVILLE, IL SVN Chicago Commercial Page 6

7 Complete Highlights SALE HIGHLIGHTS Great Investor or Owner User Opportunity High Visibility Multi Tenant Building Excellent Quality Exterior and Interior Construction Campus Like Setting with Lake View 8 Car Per Thousand SF Parking Ratio Medical Tenants with Long Term Leases in Place Great Location with Access to Highway and Interstate AMERICAN WAY CORPORATE CENTER AMERICAN WAY LIBERTYVILLE, IL SVN Chicago Commercial Page 7

8 Additional Photos AMERICAN WAY CORPORATE CENTER AMERICAN WAY LIBERTYVILLE, IL SVN Chicago Commercial Page 8

9 FOR SALE OFFICE AMERICAN WAY CORPORATE CENTER American Way Libertyville, IL LOCATION 2 LOCATION INFORMATION INFORMATION American Way Libertyville, IL AMERICAN WAY CORPORATE CENTER AMERICAN WAY LIBERTYVILLE, IL All SVN Offices Independently Owned and Operated The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. SVN Chicago Commercial Page 9

10 Regional Map American Way Corporate Center AMERICAN WAY CORPORATE CENTER AMERICAN WAY LIBERTYVILLE, IL SVN Chicago Commercial Page 10

11 Location Maps AMERICAN WAY CORPORATE CENTER AMERICAN WAY LIBERTYVILLE, IL SVN Chicago Commercial Page 11

12 Aerial Map American Way Corporate Center AMERICAN WAY CORPORATE CENTER AMERICAN WAY LIBERTYVILLE, IL SVN Chicago Commercial Page 12

13 Site Plan AMERICAN WAY CORPORATE CENTER AMERICAN WAY LIBERTYVILLE, IL SVN Chicago Commercial Page 13

14 FOR SALE OFFICE AMERICAN WAY CORPORATE CENTER American Way Libertyville, IL FINANCIAL ANALYSIS 3 FINANCIAL ANALYSIS American Way Libertyville, IL AMERICAN WAY CORPORATE CENTER AMERICAN WAY LIBERTYVILLE, IL All SVN Offices Independently Owned and Operated The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. SVN Chicago Commercial Page 14

15 Financial Summary INVESTMENT OVERVIEWVIEW Price $4,390,000 Price per SF $ CAP Rate 8.0% Cash-on-Cash Return (yr 1) - % Total Return (yr 1) - Debt Coverage Ratio - OPERATING DATA Gross Scheduled Income 402,326 Other Income - Total Scheduled Income 402,326 Vacancy Cost - Gross Income 402,326 Operating Expenses 71,629 Net Operating Income $330,697 Pre-Tax Cash Flow - FINANCING DATA Down Payment - Loan Amount - Debt Service - Debt Service Monthly - Principal Reduction (yr 1) - AMERICAN WAY CORPORATE CENTER AMERICAN WAY LIBERTYVILLE, IL SVN Chicago Commercial Page 15

16 Rent Roll TENANT NAME UNIT NUMBER UNIT SIZE (SF) LEASE START LEASE END LEASE START ANNUALAL RENT % OF BUILDING PRICE PER SF/YR RECOVERY TYPE COMMENTS 8th Light , Current $47, $20.50 Gross Lease Hime & Kabot , Current $23, $19.70 Hime & Kabot ,181 Current $23, $19.70 Vacant ,344 Current 5.88 Dr. Kelly Behrends , Current $29, $21.75 Dr. Thomas McGowen , Current $21, $18.00 Dr. Thomas McGowen ,183 Current $21, $18.00 North Suburban Physical Therapy PC , Current $30, $18.00 Vacant 1264-A 2,299 Current Peterson, Johnson & Murray, S.C A 1, Current $21, $14.28 Winchester Medical Group , Current $46, $25.00 Winchester Medical Group ,192 Current $29, $25.00 Associates in Nephrology, S.C , Current $30, $22.96 Associates in Nephrology, S.C Current $22, $22.96 Landhaus Builders & Developers , Current $55, $24.00 Totals/Averages 22,855 $401,24545 $17.56 $0 $0 AMERICAN WAY CORPORATE CENTER AMERICAN WAY LIBERTYVILLE, IL SVN Chicago Commercial Page 16

17 FOR SALE OFFICE AMERICAN WAY CORPORATE CENTER American Way Libertyville, IL SALE 4 SALE COMPARABLESCOMPARABLES American Way Libertyville, IL AMERICAN WAY CORPORATE CENTER AMERICAN WAY LIBERTYVILLE, IL All SVN Offices Independently Owned and Operated The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. SVN Chicago Commercial Page 17

18 Address City Property Info Sale Info N Brookside Dr (Part of Portfolio) Gurnee 26,876 SF Class B Office/Medical Sold: Commercial Ave Northbrook 27,371 SF Class B Office For Sale: $2,200,000 ($80.38/SF) Deerfield Pky Buffalo Grove 29,326 SF Class A Office For Sale: Florsheim Dr Libertyville 12,492 SF Class B Office Sold: S Greenleaf Ave Gurnee 22,416 SF Class B Office/Medical Sold: $4,800,000 ($214.13/SF) N Lewis Ave Waukegan 18,048 SF Class B Office For Sale: USG Dr (Part of Portfolio) Libertyville 16,004 SF Class B Office Sold: Willow Rd Northfield 26,144 SF Class A Office For Sale: - Information Received from owner deemed to be reliable source no warranty provided By SVN Chicago LLC with regard to its accuracy Copyrighted report licensed to SVN l Chicago Commercial /13/2017 Page 1

19 36100 N Brookside Dr Gurnee Medical Offices Gurnee, IL Class B Medical Building of 26,876 SF Sold on 8/26/ Research Complete (Part of Portfolio) buyer TJSC Holdings 1650 Lake Cook Rd Deerfield, IL (847) seller Northwestern Lake Forest Hospital c/o Paula Gazarkiewicz 660 N Westmoreland Rd Lake Forest, IL (847) vital data Escrow/Contract: - Sale Date: 8/26/2016 Days on Market: - Exchange: No Conditions: Bulk/Portfolio Sale Land Area SF: 102,518 Acres: 2.35 $/SF Land Gross: - Year Built, Age: - Parking Spaces: 134 Parking Ratio: 5/1000 SF FAR 0.26 Lot Dimensions: - Frontage: - Tenancy: Multi Comp ID: Sale Price: - Status: - Building SF: 26,876 SF Price/SF: - Pro Forma Cap Rate: - Actual Cap Rate: - Down Pmnt: - Pct Down: - Doc No: Trans Tax: - Corner: No Zoning: PUD No Tenants: 8 Percent Improved: - Submarket: Far North Map Page: - Parcel No: - Property Type: Office income expense data Listing Broker JLL 200 E Randolph St Chicago, IL (312) Gregory Gerber, Sarah Cogswell Buyer Broker No Buyer Broker on Deal financing Information Received from owner deemed to be reliable source no warranty provided By SVN Chicago LLC with regard to its accuracy Copyrighted report licensed to SVN l Chicago Commercial /13/2017 Page 2

20 Information Received from owner deemed to be reliable source no warranty provided By SVN Chicago LLC with regard to its accuracy Copyrighted report licensed to SVN l Chicago Commercial /13/2017 Page 3

21 3175 Commercial Ave Executive Financial Center - Sky Harbor Industrial Park Northbrook, IL ,371 SF Office Building Built in 1975, Renov 1985 Property is for sale at $2,200,000 ($80.38/SF) buyer For Sale seller - vital data Days on Market: 47 days Conditions: - Land Area SF: 32,670 SF Acres: 0.75 AC $/SF Land Gross: - Year Built, Age: 1975 Age: 42 Parking Spaces: 50 Parking Ratio: 2.96/1000 SF FAR 0.84 Lot Dimensions: 125x250 Frontage: - Asking Price: $2,200,000 Status: For Sale Building SF: 27,371 SF Price/SF: $80.38 Pct Office: - Actual Cap Rate: 8.0% Corner: No Zoning: I-1 Submarket: Central North Map Page: Rand McNally C16 Parcel No: Property Type: Office income expense data Listing Broker SVN l Chicago Commercial 940 W Adams St Chicago, IL (312) Michael D. Rudman, Albert M. Lindeman, John Guill Buyer Broker Information Received from owner deemed to be reliable source no warranty provided By SVN Chicago LLC with regard to its accuracy Copyrighted report licensed to SVN l Chicago Commercial /13/2017 Page 4

22 990 Deerfield Pky Buffalo Grove, IL ,326 SF Office Building Property is for sale buyer For Sale seller - vital data Days on Market: 547 days Conditions: - Land Area SF: 165,528 SF Acres: 3.80 AC $/SF Land Gross: - Year Built, Age: - Parking Spaces: 205 Parking Ratio: 7.53/1000 SF FAR 0.18 Lot Dimensions: - Frontage: - Asking Price: - Status: For Sale Building SF: 29,326 SF Price/SF: - Pct Office: - Actual Cap Rate: - Corner: No Zoning: - Submarket: Central North Map Page: - Parcel No: Property Type: Office income expense data Listing Broker NAI Hiffman One Oakbrook Ter Oakbrook Terrace, IL (630) Jason J. Wurtz, Shane Murphy, Dennis J. Hiffman Buyer Broker Information Received from owner deemed to be reliable source no warranty provided By SVN Chicago LLC with regard to its accuracy Copyrighted report licensed to SVN l Chicago Commercial /13/2017 Page 5

23 708 Florsheim Dr Werchek Professional Center Libertyville, IL Class B Office Building of 12,492 SF Sold on 10/11/ Public Record buyer Kathleen M Carlson 93 Miller Rd Hawthorn Woods, IL seller Dreamscape Associates Llc vital data Escrow/Contract: - Sale Date: 10/11/2016 Days on Market: - Exchange: No Conditions: - Land Area SF: 32,017 Acres: 0.74 $/SF Land Gross: - Year Built, Age: - Parking Spaces: - Parking Ratio: - FAR 0.39 Lot Dimensions: - Frontage: - Tenancy: Multi Comp ID: Sale Price: - Status: - Building SF: 12,492 SF Price/SF: - Pro Forma Cap Rate: - Actual Cap Rate: - Down Pmnt: - Pct Down: - Doc No: Trans Tax: - Corner: No Zoning: O-1, Libertyville No Tenants: 5 Percent Improved: 89.6% Submarket: Central North Map Page: - Parcel No: Property Type: Office income expense data Listing Broker Buyer Broker financing prior sale Date/Doc No: Sale Price: CompID: 10/29/ Information Received from owner deemed to be reliable source no warranty provided By SVN Chicago LLC with regard to its accuracy Copyrighted report licensed to SVN l Chicago Commercial /13/2017 Page 6

24 310 S Greenleaf Ave Bldg II - Greenleaf Professional Gurnee, IL Class B Medical Building of 22,416 SF Sold on 9/15/2015 for $4,800,000 - Research Complete buyer Elliot Tarson c/o Rod Engel 1518 W Wright Ave Chicago, IL (858) seller The Law Office of Ray & Glick, Ltd. 611 S Milwaukee Ave Libertyville, IL (847) vital data Escrow/Contract: - Sale Date: 9/15/2015 Days on Market: 309 days Exchange: No Conditions: - Land Area SF: 86,001 Acres: 1.97 $/SF Land Gross: $55.81 Year Built, Age: 1997 Age: 18 Parking Spaces: 110 Parking Ratio: 5/1000 SF FAR 0.26 Lot Dimensions: 215x400 Frontage: - Tenancy: Multi Comp ID: Sale Price: $4,800,000 Status: Confirmed Building SF: 22,416 SF Price/SF: $ Pro Forma Cap Rate: - Actual Cap Rate: 7.90% Down Pmnt: $1,680,000 Pct Down: 35.0% Doc No: Trans Tax: - Corner: No Zoning: C-7, Park City No Tenants: 5 Percent Improved: - Submarket: Far North Map Page: - Parcel No: Property Type: Office income expense data Listing Broker Expenses Net Income - Taxes - Operating Expenses Total Expenses Net Operating Income - Debt Service - Capital Expenditure Cash Flow $86,530 $86,530 $353,280 Marcus & Millichap 8750 W Bryn Mawr Ave Chicago, IL (773) David Tarnoff Buyer Broker Marcus & Millichap 8750 W Bryn Mawr Ave Chicago, IL (773) David Tarnoff financing 1st EverBank Bal/Pmt: $3,120,000 prior sale Date/Doc No: Sale Price: CompID: 2/11/2009 $ Information Received from owner deemed to be reliable source no warranty provided By SVN Chicago LLC with regard to its accuracy Copyrighted report licensed to SVN l Chicago Commercial /13/2017 Page 7

25 1601 N Lewis Ave Waukegan, IL ,048 SF Office Building Property is for sale buyer For Sale seller - vital data Days on Market: 596 days Conditions: Build to Suit, Ground Lease... Land Area SF: 126,324 SF Acres: 2.90 AC $/SF Land Gross: - Year Built, Age: - Parking Spaces: - Parking Ratio: - FAR 0.14 Lot Dimensions: - Frontage: - Asking Price: - Status: For Sale Building SF: 18,048 SF Price/SF: - Pct Office: - Actual Cap Rate: - Corner: No Zoning: - Submarket: Far North Map Page: - Parcel No: [Partial List] Property Type: Office income expense data Listing Broker Baum Realty Group, LLC 1030 W Chicago Ave Chicago, IL (312) Trevor Jack, Allen Joffe Buyer Broker Information Received from owner deemed to be reliable source no warranty provided By SVN Chicago LLC with regard to its accuracy Copyrighted report licensed to SVN l Chicago Commercial /13/2017 Page 8

26 1900 USG Dr Libertyville Office Building Libertyville, IL Class B Office Building of 16,004 SF Sold on 8/26/ Research Complete (Part of Portfolio) buyer TJSC Holdings 1650 Lake Cook Rd Deerfield, IL (847) seller Northwestern Lake Forest Hospital c/o Paula Gazarkiewicz 660 N Westmoreland Rd Lake Forest, IL (847) vital data Escrow/Contract: - Sale Date: 8/26/2016 Days on Market: - Exchange: No Conditions: Bulk/Portfolio Sale Land Area SF: 123,275 Acres: 2.83 $/SF Land Gross: - Year Built, Age: 1997 Age: 19 Parking Spaces: 75 Parking Ratio: 5.8/1000 SF FAR 0.13 Lot Dimensions: - Frontage: - Tenancy: Multi Comp ID: Sale Price: - Status: - Building SF: 16,004 SF Price/SF: - Pro Forma Cap Rate: - Actual Cap Rate: - Down Pmnt: - Pct Down: - Doc No: Trans Tax: - Corner: No Zoning: O-2 Percent Improved: - Submarket: Central North Map Page: - Parcel No: - Property Type: Office income expense data Listing Broker JLL 200 E Randolph St Chicago, IL (312) Gregory Gerber, Sarah Cogswell Buyer Broker No Buyer Broker on Deal financing Information Received from owner deemed to be reliable source no warranty provided By SVN Chicago LLC with regard to its accuracy Copyrighted report licensed to SVN l Chicago Commercial /13/2017 Page 9

27 Information Received from owner deemed to be reliable source no warranty provided By SVN Chicago LLC with regard to its accuracy Copyrighted report licensed to SVN l Chicago Commercial /13/2017 Page 10

28 1622 Willow Rd Willow Preserve Northfield, IL ,144 SF Office Building Built in 2006 Property is for sale buyer For Sale seller - vital data Days on Market: 462 days Conditions: - Land Area SF: 26,310 SF Acres: 0.60 AC $/SF Land Gross: - Year Built, Age: 2006 Age: 11 Parking Spaces: 74 Parking Ratio: 2.85/1000 SF FAR 0.99 Lot Dimensions: - Frontage: - Asking Price: - Status: For Sale Building SF: 26,144 SF Price/SF: - Pct Office: - Actual Cap Rate: - Corner: No Zoning: - Submarket: Central North Map Page: - Parcel No: Property Type: Office income expense data Listing Broker Colliers International 6250 N River Rd Rosemont, IL (847) Tim Hart, Thomas Gorman Buyer Broker Information Received from owner deemed to be reliable source no warranty provided By SVN Chicago LLC with regard to its accuracy Copyrighted report licensed to SVN l Chicago Commercial /13/2017 Page 11

29 Quick Stats Report Comps Statistics Low Average Median High Count Price For Sale & UC/Pending $2,200,000 $2,200,000 $2,200,000 $2,200,000 1 Sold Transactions $4,800,000 $4,800,000 $4,800,000 $4,800,000 1 RBA For Sale & UC/Pending Sold Transactions 18,048 SF 12,492 SF 25,222 SF 19,447 SF 26,758 SF 19,210 SF 29,326 SF 26,876 SF 4 4 Price per SF For Sale & UC/Pending Sold Transactions $80.38 $ $80.38 $ $80.38 $ $80.38 $ Actual Cap Rate For Sale & UC/Pending Sold Transactions Days on Market For Sale & UC/Pending Sold Transactions Sale Price to Asking Price Ratio 8.00% 7.90% % 7.90% % 7.90% % 7.90% Sold Transactions 90.57% 90.57% 90.57% 90.57% 1 Totals For Sale & UC/Pending Asking Price Total: $2,200,000 Total For Sale Transactions: 4 Sold Transactions Total Sales Volume: $4,800,000 Total Sales Transactions: 4 Total Included in Analysis: $7,000,000 Total Included in Analysis: 8 Survey Criteria basic criteria: Type of Property - Office; Property Size - 10,000-30,000 SF; Sale Date - from 1/1/2016; Sale Status - Under Contract/Pending, Sold, For Sale; Return and Search on Portfolio Sales as Individual Properties - Yes geography criteria: Submarket - Central North (Chicago), Far North (Chicago) additional criteria: - * This result set has been amended with criteria to add and/or remove records. Information Received from owner deemed to be reliable source no warranty provided By SVN Chicago LLC with regard to its accuracy Copyrighted report licensed to SVN l Chicago Commercial /13/2017 Page 12

30 FOR SALE OFFICE AMERICAN WAY CORPORATE CENTER American Way Libertyville, IL RENT 5 RENT COMPARABLESCOMPARABLES American Way Libertyville, IL AMERICAN WAY CORPORATE CENTER AMERICAN WAY LIBERTYVILLE, IL All SVN Offices Independently Owned and Operated The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. SVN Chicago Commercial Page 30

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40 FOR SALE OFFICE AMERICAN WAY CORPORATE CENTER American Way Libertyville, IL DEMOGRAPHICS 6 DEMOGRAPHICS American Way Libertyville, IL AMERICAN WAY CORPORATE CENTER AMERICAN WAY LIBERTYVILLE, IL All SVN Offices Independently Owned and Operated The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. SVN Chicago Commercial Page 40

41 Demographics Report 1 MILE 3 MILES 5 MILES Total population 5,289 45, ,453 Median age Median age (male) Median age (female) Total households 1,683 15,255 47,119 Total persons per HH Average HH income $138,165 $118,013 $112,465 Average house value $290,742 $351,242 $375,410 * Demographic data derived from 2010 US Census AMERICAN WAY CORPORATE CENTER AMERICAN WAY LIBERTYVILLE, IL SVN Chicago Commercial Page 41

42 Demographics Map POPULATION 1 MILE 3 MILES 5 MILES Total population 5,289 45, ,453 Median age Median age (male) Median age (Female) HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES Total households 1,683 15,255 47,119 # of persons per HH Average HH income $138,165 $118,013 $112,465 Average house value $290,742 $351,242 $375,410 * Demographic data derived from 2010 US Census AMERICAN WAY CORPORATE CENTER AMERICAN WAY LIBERTYVILLE, IL SVN Chicago Commercial Page 42

43 FOR SALE OFFICE AMERICAN WAY CORPORATE CENTER American Way Libertyville, IL ADVISOR BIOS 7 ADVISOR BIOS American Way Libertyville, IL AMERICAN WAY CORPORATE CENTER AMERICAN WAY LIBERTYVILLE, IL All SVN Offices Independently Owned and Operated The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. SVN Chicago Commercial Page 43

44 Advisor Bio & Contact 1 ALBERT M. LINDEMAN Senior Vice President 940 West Adams Street, Suite 200 Chicago, IL T C lindemana@svn.com PROFESSIONAL BACKGROUND Albert M. Lindeman serves as a Senior Vice President at SVN Chicago Commercial. During his +40 years of real estate experience, he has built an array of valuable business, real estate, banking, and community relationships that benefit his clients. He also serves as Office Product Council Chair for Office Properties and a member of the National Medical Office Team. Lindeman recently received the SVN 2015 Achiever Award and has completed transactions with an aggregate value exceeding $200 million. Over the course of his career, Lindeman has represented +500 different clients including: AEG, Apex 520 LLC, Browning Ferris Industries, Collabera, Inc. Caruso Development, CIBA-Geigy,Copley Real Estate Advisors, Colgate Palmolive, G.F. Structures, Fifield Development, Jain Group LLC, Extended Stay America, Hinsdale Oncology & Hematology, West Suburban OB Gyn, Illinois Heart & Vascular, Laidlaw Systems, Meadows Realty LLC, McDonalds Corporation, McDonnell Douglas, Midwest Digestive Disease Specialists, Northwest Helathcare Associates, People's Home Equity, New York Life Insurance, Romanek Properties, Ltd., and SFH Company LLC. Lindeman holds the National Association of Realtors CRB designation and is a CCIM Candidate. He is an active member of Holy Family Catholic Community in Inverness, Illinois; where he serves in numerous ministries. He has coached in the Palatine Celtic Soccer Club for +13 years; and served on Booster Club Board of St. Theresa Catholic School. Lindeman earned a Masters of Business Administration from Lake Forest Graduate School of Management and completed his undergraduate studies at DePaul University. EDUCATION BSM Management DePaul University MBA Lake Forest Grauduate School of Business AMERICAN WAY CORPORATE CENTER AMERICAN WAY LIBERTYVILLE, IL SVN Chicago Commercial Page 44

45 Advisor Bio & Contact 2 MICHAEL RUDMAN Senior Advisor 940 West Adams Street, Suite 200 Chicago, IL T C michael.rudman@svn.com PROFESSIONAL BACKGROUND Michael D. Rudman serves as a senior advisor for SVN Chicago Commercial specializing in the sale of office and industrial properties in Chicago's mid-north, near-north, and Lake County market areas. With over 25 years of commercial real estate experience, Rudman has secured over 100 transactions with a career sales volume of $100MM. Prior to joining SVN, Rudman served as an Advisor for Marcus & Millichap in Chicago, representing building owners in Lake & DuPage counties. Previously, Rudman served as Vice President for National Realty Network. While there, he was awarded their broker of the year award. Rudman earned his Bachelor's degree from Boston University. He currently resides in Highland Park with his wife and two daughters. AMERICAN WAY CORPORATE CENTER AMERICAN WAY LIBERTYVILLE, IL SVN Chicago Commercial Page 45