One East Erie

Jones Lang LaSalle (Illinois), L.P. (“JLL”) as the exclusive advisor, presents the opportunity to acquire One East Erie (the “Property” or “Opportunity”), a 127,750 RSF, unique 6-story mixed-use asset completed in 1983 and located in Chicago’s dynamic River North submarket. One East Erie includes a 208-stall parking garage that is connected to the Property and contains 15,369 RSF of ground-level retail on the heavily trafficked thoroughfare, State Street. The Property is positioned at the base of a 467-unit luxury condominium, which is not part of the offering, and is subject to a Declaration of Covenants, Conditions, Restrictions and Easements Agreement, which governs how expenses are allocated between the residential and commercial components. The Property, currently 75.5% leased, presents a rare opportunity for a medical office repositioning in the premier River North submarket. Additionally, the Property offers durable in-place cash flow from the high-performing public parking garage and significant value-add upside from the ground-level retail tenancy.