Chicago Collar Counties Light Industrial Portfolio

Jones Lang LaSalle (“JLL”), as an exclusive advisor to ownership, has been retained to market for sale the fee-simple interest in the Chicago Collar Counties Light Industrial Portfolio (the “Offering” or the “Portfolio), a 1,070,114 square foot collection of assets in the Chicago MSA. The Portfolio offers multi-tenant and single-tenant formats with average unit sizes just under 45,000 SF, 24’ average clear heights, 12.7% average office finish, and an average vintage of 1997. With 87.7% occupancy and 4.0 years of WALT across the Portfolio, future ownership will take advantage of a consistent tenant rollover schedule and significantly below market in-place rents, providing for a 17.8% mark-to-market opportunity. The Portfolio provides investors a diversified assemblage of highly functional assets with multiple yield enhancement opportunities, offered at a significant discount to today’s replacement costs.

Positioned along major interstate highways within each of Will, Kane, DuPage, and Lake counties, the Portfolio couples access to the Chicago MSA's most desirable corridors while avoiding tax-disadvantaged Cook County. Each asset is well located with proximate access to Chicago's major highway infrastructure, along with exposure to the MSA's dense, blue-collar labor pools. The Portfolio offers attractive submarket diversity with concentrations in the MSA's tightest markets, namely North DuPage (2.5% vacancy rate), I-55 (3.9% vacancy rate), and I-88 (5.7% vacancy rate).