611 North Union

Jones Lang LaSalle ("JLL"), the exclusive advisor to Ownership, has been retained to market the fee-simple interest in 611 N Union Ave (the "Offering" or the "Property") for sale, a 58,590 square foot, flex/industrial Property located in Chicago. 611 N. Union Ave is 52% leased to The Auto Club Group, commonly known as "AAA," with 4.8 years of lease term remaining and in-place rents that are 64.2% below market, presenting investors with the opportunity for material net operating income (NOI) growth by marking in-place rents to market and leasing up the remaining vacant space. The Offering also offers a future development opportunity with an air rights bonus via utilization of the Neighborhood Opportunity Bonus program.

The Property is situated adjacent to Chicago's vital business and population centers including Fulton Market District, River North, and the Loop, and has experienced 156%+ population growth since 2010. The Property benefits from a population of 91,991 and a median household income over $120,000 within 1-mile. Additionally, the Property's infill location adjacent to the Ohio feeder ramp, with 91,200 daily vehicles, offers visibility and signage opportunities for future occupiers. The Offering presents an exciting opportunity for investors to acquire a value-add industrial asset with significant mark-to-market upside and long-term development potential next door to the Fulton Market District…the country's most sought-after submarket.