Urban TransiT reTail in ChiCago's DownTown loop151 North Michigan Avenue, Chicago, Illinois 60601

properTY oVerView Marcus & Millichap is pleased to exclusively offer The Shops at Millennium Station, on Michigan Avenue and right below “The Bean”, a famous Chicago tourist attraction. The Shops are located within Millennium Station, home to the Metra Electric Line and the South Shore Line; combined these lines have 11.7 million annual commuters/roughly 32,054 daily commuters.

Major tenants including Starbucks, Chase Bank, Subway, Burger King, Burger King, Chase Bank (ATM), Auntie Anne’s, and several others; all of which are operating under gross leases. There is a strong commitment to the location, 11 tenants have renewed or signed their leases for 10-15 years. Nearly all leases include annual rental increases providing a significant hedge against inflation.

Due to the premier location, several of the Shops are some of the tenants’ highest performing locations in Chicago. Starbucks is one of the top five food sales stores in Chicago, while Chase recently extended its lease term, the only ATM extension recently done in Chicago. Both Starbucks and Subway will undergo full store renovations in the next year. Athletico closed a nearby branch in order to consolidate with this location demonstrating their commitment to this site. To ensure continued long-term tenancy and top performing locations, Millennium Station underwent a $22 million renovation in 2005.

The entrance to the Shops is located at one of the busiest intersections in the city (Michigan Avenue and Randolph Street), which sees more than 32,700 pedestrians and 50,800 vehicles daily. The Shops are also a part of a 40-block underground pedway system connecting much of the Loop, CTA and Metra train lines. The pedway caters to Chicagoan’s during unfavorable weather conditions, which connects pedestrians to the Aon Center, Prudential Plaza and 150 - 151 North Michigan Avenue, which has over two million square feet of office tenants that pour into the subject property daily.

The Station also has direct access to the Grant Park south parking garage with over 1,350 parking spaces that caters to Millennium Park, Maggie Daley Park, Grant Park, and the Art Institute, all of which are located along Michigan Avenue between Randolph Street and Roosevelt Road.

Metra owns the structural portions of the facility and the subject offering includes just the interior non-structural portions of the properties. Tenants are responsible for the repairs and maintenance of the same. Landlord has no responsibility for repairs, maintenance,or replacement of the structure.

Landlord responsibilities include the payment of property taxes, insurance, and the maintenance of the common areas, which are handled by ABM. The property is subject to a master lease that has 56 years of remaining term and expires in August 2076 inclusive of the renewal options.

Lake Michigan

Subject Property

inVesTMenT highlighTs

Situated in Chicago’s Official Downtown, “The Loop” | Home to World-Renowned Arts, Attractions and Entertainment

Located Within Millennium Station | Restaurant and Shops Catering to the Metra Electric Line and the South Shore Line• Over 11.7 Million Annual Riders, Daily that Equates to 32,054 Commuters• 32,700 Pedestrian Foot Traffic at the Corner of Randolph and Michigan (Chicago’s Downtown

Pedestrian Count Study)• Located at the Corner of Randolph Street and Michigan Avenue | Combined 50,800 Vehicles per Day

A Part of Chicago’s Underground Pedway | Links More Than 40 Blocks• Prime Location at the Cusp of a Tourist Destination - Millennium Park, Maggie Daley Park, and Grant Park• Over Three Million Pedestrians in the Chicago Loop and Increasingly Higher on Weekends at the Edge

of the Loop ( Chicago’s Pedestrian Traffic Count Study)• $22 Million Dollar Renovation in 2005

10-Year Extension Recently Added to Master Lease | Control Through 2076 • Very Little Management

Significant Hedge Against Inflation | The Majority of the Tenants have Annual Rental Increases• Nine Tenants have Annual Rental Increases | Other Tenants have 10 Percent Increases Every Five Years

One of the Top Performing Starbucks in Chicago

Excellent Demographics | Daytime Population of 561,360 Within one Mile of Subject Property• Population of 71,826 Within One Mile of Subject Property | Anticipated to Increase by Five Percent by

2023 Within One Mile• Affluent Area | Average Household Income is $152,680 Within a Half Mile

Within Metra station

Annual Rental Increases

Ample Foot Traffic

Multiple access points

Urban Transit Retail in Chicago's Downtown Loop151 North Michigan Avenue, Chicago, Illinois 60601

Price $3,418,567 Cap Rate 9.03%

Price/ SF $212.70

Gross Leasable Area 16,072 SF

Year Built Fully Renovated in 2005

Lot Size 1.15 Acres +/-

Parcel Numbers 17-10-317-003-8013

Ownership Interest Leasehold (See Master Lease for Details Page 10)

Current Rent - Annualized from 1/1/2021 $1,074,030

Total Reimbursements $122,152

Vacancy/Collection Allowance (Actual) $54,000

Effective Gross Income $1,196,181

Expenses $887,531

noi $308,650

FINANCIAL SUMMARY PROPOSED FINANCING

LTV 65%

Interest Rate | Amortization 4.25% | 25 Years

Down Payment $1,196,498

First Trust Deed/Mortgage $2,222,069

Debt Service $144,454

Debt Coverage Ratio 2.14

Net Cash Flow After Debt Services | Return % $164,197 | 13.72%

Principal Reduction $51,001

Total Return | Return % $215,198 | 17.99%

M Bar 1,783 5.55% 9/1/2011 1/31/2031 19 Years Base Current $8,446 $101,355 $56.84 - 9% 2, 5-Year Modified

Retail, Suite C16 - 2/1/2021 $8,615 $103,382 $57.98 2%

- 2/1/2022 $8,787 $105,449 $59.14 2%

Notes: Tenant reimburses for scavenger, marketing, and utility expenses.

Sbarro 1,783 5.55% 5/1/2011 1/31/2031 20 Years Base Current $7,097 $85,159 $47.76 - 8% 1, 3-Year Modified

Retail, Suite C17 - 2/1/2021 $7,239 $86,862 $48.72 2%

- 2/1/2022 $7,383 $88,599 $49.69 2%

Notes: Tenant reimburses for scavenger, marketing, and utility expenses.

Burger King 1,700 5.29% 6/1/2012 1/31/2031 19 Years Base Current $6,890 $82,681 $48.64 - 7% 2, 5-Year Modified

Retail, Suite C18 - 2/1/2021 $7,028 $84,335 $49.61 2%

- 2/1/2022 $7,168 $86,022 $50.60 2%

Notes: Tenant reimburses for scavenger, marketing, and utility expenses.

Chase Bank (ATM) 1,132 3.52% 5/1/2007 10/31/2022 16 Years Base Current $7,583 $91,000 $80.39 - 8% 2, 5-Year Modified

Retail, Suite C19 Option 1 11/1/2022 $8,342 $100,100 $88.43 10%

Option 2 11/1/2027 $9,176 $110,110 $97.27 10%

Notes: Tenant reimburses for utility expense.

Starbucks 1,739 5.41% 9/1/2009 8/31/2026 17 Years Base Current $18,651 $223,809 $128.70 - 20% 4, 5-Year Modified

Retail, Suite C24 - 9/1/2021 $20,516 $246,190 $141.57 10%

Option 1 9/1/2026 $22,566 $270,797 $155.72 10%

Option 2 9/1/2031 $24,823 $297,873 $171.29 10%

Option 3 9/1/2036 $27,305 $327,662 $188.42 10%

Notes: Tenant reimburses for scavenger and utility expenses.

Chicago Kernel 600 1.87% 12/9/2010 6/30/2026 16 Years Base Current $4,177 $50,122 $83.54 - 5% 2, 5-Year Modified

Retail, Suite C40 - 7/1/2021 $4,260 $51,124 $85.21 2%

- 7/1/2022 $4,346 $52,147 $86.91 2%

Notes: Tenant reimburses for scavenger, marketing, and utility expenses. Tenant has ROFO: “If sub-landlord receives a bona-fide third-party written request to lease any space in the building with the exclusive right to sell cupcakes, then sub-landlord shall advise sub-tenant of such request and sub-tenant has 30 days to make a written offer to enter into a lease for such purpose.”

Tenant /suite #SF

leased% of

Total SFStart end

Term of Occupancy

(Yrs)

Rent Schedule% of

Total RentRenewal Options

lease TypePeriod Changes on

Monthly rent

Annual rent

rent/ SF

Increase

renT roll

Vacant 900 2.80% - - - Base Current $4,500 $54,000 $60.00 - 5% N/A -

Retail, Suite C41 - - - - - -

Notes: N/A

Subway 935 2.91% 9/1/2006 3/31/2026 20 Years Base Current $7,036 $84,430 $90.30 - 8% 2, 5-Year Modified

Retail, Suite C42 - 4/1/2021 $7,177 $86,118 $92.10 2%

- 4/1/2022 $7,320 $87,840 $93.95 2%

Notes: Tenant reimburses for scavenger, marketing, and utility expenses.

Taco Fresco / Millennium Dogs 1,532 4.77% 6/1/2008 4/30/2031 23 Years Base Current $13,180 $158,161 $103.24 - 14% 3, 5-Year Modified

Retail, Suite C43 - 1/1/2021 $13,510 $162,115 $105.82 2%

- 1/1/2022 $13,847 $166,168 $108.46 2%

Notes: Tenant reimburses for scavenger, marketing, and utility expenses.

Auntie Anne's (Focus Jaber, Inc) 850 2.64% 11/1/2018 10/30/2028 10 Years Base Current $5,100 $61,200 $72.00 - 6% 1, 5-Year Modified

Retail, Suite C44 - 11/1/2020 $5,202 $62,424 $73.44 2%

- 11/1/2021 $5,306 $63,672 $74.91 2%

- 11/1/2022 $5,412 $64,946 $76.41 2%

Notes: Tenant reimburses for scavenger, marketing and utility expenses. If the gross sales of sub-tenant during the period commencing on the fourth anniversary of rent commencement date and continuing through the fifth anniversary of rent commencement date do not meet or exceed $450,000, then sub-tenant shall have the one-time right to terminate this lease by delivering advanced written notice to sub-landlord within 30 days after the occurrence of the fifth anniversary of the rent commencement date.

Millennium News & Views 750 2.33% 1/1/2007 2/28/2031 24 Years Base Current $6,765 $81,182 $108.24 - 7% 2, 5-Year Modified

Retail, Suite C45 - 2/1/2021 $6,901 $82,806 $110.41 2%

- 2/1/2022 $7,039 $84,462 $112.62 2%

Notes: Tenant reimburses for scavenger, marketing, and utility expenses.

Lease (see agent) 1,678 5.22% - - - Base Current $9,443 $113,316 $67.53 - 10% N/A -

Retail, Suite C47 - - - - - -

Notes: N/A

Tenant /suite #SF

leased% of

Total SFStart end

Term of Occupancy

(Yrs)

Rent Schedule% of

Total RentRenewal Options

lease TypePeriod Changes on

Monthly rent

Annual rent

rent/ SF

Increase

renT roll

renT roll

Red Mango 690 2.15% 12/1/2013 8/10/2026 13 Years Base Current $2,787 $33,447 $48.47 - 3% 2, 5-Year Modified

Retail, Suite C48 - 5/1/2021 $2,843 $34,116 $49.44 2%

- 5/1/2022 $2,900 $34,798 $50.43 2%

Notes: Tenant reimburses for scavenger, marketing, and utility expenses.

Occupied 15,172 94% $1,074,030 $70.79

Vacant 900 6% $54,000 $60.00

Total 16,072 100% $1,128,030 $70.19

Tenant /suite #SF

leased% of

Total SFStart end

Term of Occupancy

(Yrs)

Rent Schedule% of

Total RentRenewal Options

lease TypePeriod Changes on

Monthly rent

Annual rent

rent/ SF

Increase

MasTer lease

Master Rent 16,072 - 9/1/2006 8/31/2076 70 Years Base Current $24,524 $294,285 $18.31 - - * NN

- 1/1/2021 $25,137 $301,642 $18.77 2.5%

- 1/1/2022 $25,765 $309,183 $19.24 2.5%

- 1/1/2023 $26,409 $316,912 $19.72 2.5%

Notes: *Term inclusive of five, 10-year option periods.

Tenant /suite #SF

leased% of

Total SFStart end

Term of Occupancy

(Yrs)

Rent Schedule% of

Total RentRenewal Options

lease TypePeriod Changes on

Monthly rent

Annual rent

rent/ SF

Increase

Landlord Commuter Rail Division of the Regional Transportation Authority (“Metra”)

Tenant Millennium Shops, LLC

Landlord Responsibilities

Landlord maintains the back room electrical and HVAC systems, which services the common space; all maintenance, janitorial duties and repairs related to the triangular waiting area in the common space (including its seating and glass partitions), the stainless steel check writing counters, stainless steel counters surrounding the ticket vendors, ticket kiosks, and the ticket office exterior walls; repairing or replacing any structural portions of the building, including, but not limited to, support walls, structural members, columns, floors not installed by tenant or subtenant, roof, heating plant, foundation and existing elevators and escalators.

Insurance Tenant responsible for worker’s compensation insurance, comprehensive general liability insurance, railroad protective liability insurance, and automobile liability insurance.

Taxes Tenant pays directly to taxing authority.

CaM Tenant will maintain and repair the property and perform daily janitorial duties, periodic heavy duty cleaning, refuse, and electrical systems. Tenant will also be responsible to maintain (1) the property bathrooms. Landlord shall be responsible for providing security to the property. Tenant pays 40 percent multiplied by percentage of square feet leased to contribute to security.

Security Landlord shall be responsible for providing security to the property. Such security shall be provided 40 hours per day for 365 days per year.

Utilities Landlord responsible for 100 percent of utility costs related to the common areas. As long as the space is less than 95 percent leased, tenant reimburses landlord for 40 percent of CAM utility costs multiplied the percentage of square feet subleased to a tenant. Tenant fully responsible for the utilities serving the premises itself.

Ownership Interest Leasehold

CASH FLOW YEAR ONE - STARTING 1/1/2021 CaM eXpense breaKDown

Base Rent Current Per SF

Occupied Space $1,074,030 $70.79

Available Space $54,000 $60.00

Gross Potential Rent $1,128,030 $70.19

Expense Reimbursements

CAM (Metra Janitorial) $69,697 $4.34

CAM (Tenants) $52,455 $3.26

Total Expense Reimbursements $122,152 $7.60

Gross Potential Income $1,250,181 $77.79

Vacancy/Collection Allowance (Actual) $54,000 $3.36

Effective Gross Income $1,196,181 $74.43

Expenses

Master Rent (2021 Rent) $301,642 $18.77

Real Estate Taxes $165,846 $10.32

Insurance $10,641 $0.66

CAM $409,402 $25.47

Total Expenses $887,531 $55.22

Net Operating Income $308,650 $19.20

CAM Current Per SF

Security* $241,656 $7.52

Janitorial $104,940 $3.26

Utilities - Scavenger $43,820 $1.36

Utilities - Water & Sewer $14,977 $0.47

Utilities - Electric $4,011 $0.12

Total CAM $409,402 $12.74 *Security cost reflects 50 percent reduction for tenants paying less than $65/SF in base rent through 2028.

TENANT PROFILE | STARBUCKS

� Leading Coffee Company and Coffeehouse Chain

� Starbucks Top Line to Grow by 10 Percent in 2019 (Forbes)

� One of 10 “Worlds Most Valuable Brands” (Forbes, 2013-2019)

� Net Revenue of $26.5 Billion in 2019, Up Seven Percent from Prior Year

� 31,256 Retail Stores in 80 Countries (As of 10.30.2019)

� Fortune 500 Company | 17 Consecutive Years

� Recognized as One of the World’s Most Ethical Companies for the 12th Year in a Row (Ethisphere)

� Headquartered in Seattle, Washington | Founded in 1971

31,256loCaTions

bbb+CreDiT raTing

$26.5 BillionneT reVenUe

17-Yearlease TerM

sTarbUCKs.CoMTenant/Guarantor: Starbucks Corporation

100CoUnTries

44,000loCaTions worlDwiDe

$16.2 BILLIONsYsTeM wiDe sales

20-Yearlease TerM

sUbwaY.CoM

TENANT PROFILE

�World’s Largest Submarine Sandwich Chain

� One of the Largest Franchises in the World in Terms of Unit Count

� 21,000 Franchisees in 100 Countries

� Over 44,000 Locations Worldwide Including 23,611 in the United States

� Serving an Average of 7.6 Million Sandwiches Daily

� Leading Choice for People Seeking Quick, Nutritious Meal Options

� Brand Controls 60 Percent of the Quick-Service Sandwich Market

� Ranked Number Six on the Top 200 Franchises to Own (FranchiseTimes.com)

� $16.2 Billion in Systemwide Sales (2018)

� Founded in 1974

Tenant/Guarantor: Subway Real Estate Corp.

� U.S. Consumer and Commercial Banking Business

� Fortune 100 Company - Number 21

� 23 Years on the Fortune 500 List

� Ranked Number One on Forbe’s America’s Biggest Banks List

� Over 4,900 Branches and 16,000 ATMs

� Founded in 2004 | Headquartered in New York, New York

� Brands Include Chase and J.P. Morgan

� Ranked Number Two on Forbe’s Global 2000 List

� 200,000 Employees

� $36.4 Billion in Net Income (2019)

� $118.7 Billion in Revenue (2019)

� Operates in More Than 60 Countries

� Founded in 1799

4,900branChes

$36.4 BillionneT inCoMe

$118.7 BillionreVenUe

16-Yearlease TerM

Chase.CoM

TENANT PROFILE

Tenant: JPMorgan Chase Bank, National Association

TENANT PROFILE

� Serving Over 11 Millions Customers per Day

� Second Largest Fast Food Hamburger Chain in the World

� Known for Serving High-Quality, Great-Tasting and Affordable Food

� 15,000 Locations in 100 Different Countries

� $1.78 Billion in Revenue (2019) | Up Eight Percent from 2018

� Founded in 1954

PARENT COMPANY | Restaurant Brands International

� Parent Company to Burger King, Tim Hortons and Popeyes

� One of the Largest Quick Service Restaurant Companies

� Over $30 Billion in System-Wide Sales | Up 7.4 Percent from 2017

� Total Revenue of Over $4.6 Billion in 2018

� Over 24,000 Restaurants in 100 Countries

15,000+loCaTions

4+ BillionannUal CUsToMers

$1.78 BillionreVenUe

19-Yearlease TerM

bUrgerKing.CoMTenant/Guarantor: SFA Burger King Chicago, LLC

TENANT PROFILE

� Located in 48 States and 28 Countries

� Ranked Number 124 in the Franchise 500 (2018)

� 1,844 United States Franchises and 646 International Franchises

� 13 Company Owned Locations

� Founded in 1988

FRANCHISOR/OPERATOR � Franchisee and Operator of Over 6,00 Brand Locations

� Located in 50 Countries and the United States � Brands Include: Carvel®, Cinnabon®, Schlotzsky’s®, Moe’s Southwest Grill®, Auntie Anne’s®, McAlister’s Deli®, and Seattle’s Best Coffee®

parenT CoMpanY � Private Equity Firm � $11 Billion in Equity Capital Raised Since Inception

� 65 Franchise/Multi-Unit Brands � 32,000 Locations Located in 50 States and 81 Countries

1,844loCaTions

28CoUnTries

1988esTablisheD

10-Yearlease TerM

aUnTieannes.CoM

� Convenience Store - Operating at this Location for Over 10 Years Tenant Gushal, Inc.

� Provides Newspapers, Magazines, Food Items, Souvenirs, Etc. DBA Millennium News & Views

� Tenant Has Been Operating Stores out of Millennium Station Since 1993 Guarantor Personal

� Owned/Operated 35 Stores | Currently has 15 in the Chicagoland Area Number of Locations 1

� Founded in 2007 Tenant Sweety & Satich Patel

� 124 International Franchisees and 191 United States Franchises DBA Red Mango

� Owned/Operated by Sweety & Satich Patel - Owns Five Franchisees Guarantor Personal

Red Mango, Two Chicago Kernels and Two Subway Restaurants in Chicago Number of Locations 200+ (1 Owned by Franchisee)

redmangousa.com

� Full Service Bar, Bring Your Own Food Policy Tenant ASAF, Inc.

� Tenant Owned/Operated Franchisees for 20 Years DBA M Bar

� Operates the Subway and Burger King Within the Station Guarantor Personal

� Operates Several Other Stores in the Chicagoland Area Number of Locations 1

mbarchicago.com

TenanT oVerViews

Millennium News & Views

� Franchised Pizza Chain Specializing in New York-Style Pizza DBA Sbarro

� Sold by the Slice in Addition to Italian-0American Cuisine Number of Locations 600+

� Over 600 Locations in 26 Countries

� Headquartered in Columbus, Ohio

sbarro.com � Established in 1956

� In-Store and Online Gourmet Popcorn Store Tenant Sweety & Satish Patel*

� *3 Guys Afterworks Michigan Avenue, LLC (Net Worth of $30+ Million) has Co-Signed on the Guarantee through July 2021 DBA Chicago Kernel

� Owned/Operated by Sweety & Satich Patel - Owns Five Franchises Red Mango, Two Chicago Kernels and Two Subway Restaurants in Chicago Guarantors Personal

3 Guys Afterworks Michigan Avenue, LLC

Number of Locations 2

chicagokernel.com

� Fast Casual Mexican Cuisine Tenant PDN, Inc

DBA Taco Fresco

Guarantor Personal

Number of Locations 2

tacofresco.com

� Quick Service Restaurant Tenant SAA, Inc

� Serves Burgers, Italian Beef, and Burritos DBA Millennium Dogs

Guarantor Personal

Number of Locations 1

TenanT oVerViews

LOCATION HIGHLIGHTS | CHICAGO MSA

Third Largest Metropolitan Area in the United States• Population of Over 10 Million People • Expands Over 5,000 Square Feet in 14 Counties • Almost 40 Percent of Illinois Residents Live in the Suburbs

of Chicago, Many of Whom Commute into the City for Work

Logistics and Business Hub• Vital Link in Supply Chain as 42 Percent of the Population

Lives Within 750 Miles of Chicago• Three International Airports (Chicago O’Hare Airport,

Midway Airport and Gary/Chicago Airport) | 16 Regional Airports

• Nation’s Premier Freight Rail Hub, with Four Carriers | BNSF, Union Pacific, CSX, and Norfolk Southern

• Home to Over 400 Major Corporate Headquarters, Including 31 Fortune 500 Companies Reside in Chicago | Over 100,000 Jobs Created Since Pre-Recession Peak

Major Transportation Network• Chicago Transit Authority Rail and Bus Services• Pace Bus Services• Metra and Amtrak Rail • Divvy Bikes

Major Tourist Destination | 58 Million Visitors Annually • Tourist Attractions Include Willis Tower, Millennium Park,

Navy Pier, Art Institute of Chicago, Museum of Science and Industry, Adler Planetarium, Wrigley Field, Buckingham Fountain, Michigan Avenue and the Magnificent Mile

• Seven Professional Sports Teams

World-Class Education Institutions | Over 104,000 students

• Universities Include University of Chicago, DePaul University, Northwestern University, Loyola University, University of Illinois at Chicago

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1 350 West Mart /

Center Drive (Apparel Mart / Holiday Inn)

2 Merchandise Mart (222 W. Merchandise Mart Plaza)

3 METRA Ogilvie Station / Citicorp Center

(500 W. Madison)

4 400 West Madison St.

5 Civic Opera House (20 N. Wacker)

6 Willis Tower (233 S. Wacker)

7 120 North LaSalle St. (Savings of America Tower)

8 203 North LaSalle St.

9 James R. Thompson Center (100 W. Randolph)

10 City Hall / County Building (121 N. LaSalle)

11 77 West Wacker Dr.

12 201 North Clark St.

13 Richard J. Daley Center (50 W. Washington)

14 George W. Dunne Cook County Office Building.

(69 W. Washington)

15 Three First National Plaza (70 W. Madison)

16 Chase Tower (21 S. Clark)

17 Two First National Plaza (20 S. Clark)

18 Leo Burnett Building (35 W. Wacker)

19 40 West Lake St.

20 Renaissance Hotel (1 W. Wacker)

21 171 North Clark St.

22 One North Dearborn St.

23 One North State St.

24 47 South Clark St.

25 Kluczynski Federal Building (230 S. Dearborn)

26 Dirksen Federal Building (219 S. Dearborn)

27 108 North State St. (Block 37)

28 Macy's (111 N. State)

29 25 East Washington St.

30 Sullivan Center (1 S. State)

31 The Heritage Millennium (130 N. Garland Ct.)

32 Chicago Cultural Center (78 E. Washington)

33 Smurfit Stone Building (150 N. Michigan)

34 Millennium Station

35 Millennium Park / Parking Garage

36 Harris Theatre

37 Grant Park North Parking Garage

38 Pritzker Pavillion

39 Millennium Park Bike Station

40 Monroe Street Parking Garage

41 Grant Park South Garage

42 Art Institute of Chicago (111 S. Michigan)

43 Harold Washington Library (400 S. State)

44 Metcalfe Federal Building (77 W. Jackson)

45 Palmer House Hilton (17 E. Monroe)

46 Michael A. Bilandic Building (160 N. LaSalle)

47 Union Station (225 S. Canal)

48 303 East Wacker Dr.

49 BlueCross BlueShield Building (300 E. Randolph)

50 Swissotel Chicago (323 E. Wacker)

51 Lakeshore Athletic Club (211 N. Stetson)

52 One Prudential Center (130 E. Randolph)/

Two Prudential Center (180 N. Stetson)

53 One Illinois Center (111 E. Wacker)

54 Two Illinois Center (233 N. Michigan)

55 Hyatt Regency Chicago - West Tower (151 E. Wacker)

56 Hyatt Regency Chicago - East Tower (201 E. Wacker)

57 Fairmont Hotel (200 N. Columbus)

58 Millennium Park Plaza (151 N. Michigan)

59 Columbus Plaza (233 E. Wacker)

60 Michigan Plaza (205 / 225 N. Michigan)

61 Aon Center (200 E. Randolph)

62 Park Millennium (222 N. Columbus)

63 Lake Shore East Park

64 Chicago Board of Options Exchange /

LaSalle St. Station (400 S. LaSalle)

65 Chicago Board of Trade (141 W. Jackson)

66 Buckingham Fountain

67 Aqua Building (225 N. Columbus)

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YOU ARE HERE

P A T H S

Normal operating hours of

the Pedway are 7am to 5pm,

Monday - Friday, unless

otherwise noted.

Map shows only

approximate locations of

ingress and egress points.

Locations of access points,

and of Pedway segments,

are subject to change.

H O U R S

CHICAGO

RIVER

GRANT PARK

LAKE

MICHIGAN

3

12

4 5

476

64

6544

25

43

41

66

4226

3017

16

15

14

22

45

29

2831

3234

35 38 40

49

48 50

63

37

36 39

33

5261

51 5767

6260

54

53 5556

59

58

23

27

1310

7

46

9

11

12 19

2018

8

21

24

W. WACKER DR.

E. WACKER

DR.E. WACKER DR.

KINZIE ST.

MART CENTER DR.

LAKE ST.

WACKER PL. WATER ST.

SOUTHWATER ST.

BENTON PL.

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MB

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NC

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RANDOLPH ST.

WASHINGTON ST.

MADISON ST.

MONROE ST.

ADAMS ST.

QUINCY ST.

JACKSON BLVD.

VAN BUREN ST.

HARRISON ST.

CLIN

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NS

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WA

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.

FULTON ST.MILW

AUKEE

AVE.

1 350 West Mart /

Center Drive (Apparel Mart / Holiday Inn)

2 Merchandise Mart (222 W. Merchandise Mart Plaza)

3 METRA Ogilvie Station / Citicorp Center

(500 W. Madison)

4 400 West Madison St.

5 Civic Opera House (20 N. Wacker)

6 Willis Tower (233 S. Wacker)

7 120 North LaSalle St. (Savings of America Tower)

8 203 North LaSalle St.

9 James R. Thompson Center (100 W. Randolph)

10 City Hall / County Building (121 N. LaSalle)

11 77 West Wacker Dr.

12 201 North Clark St.

13 Richard J. Daley Center (50 W. Washington)

14 George W. Dunne Cook County Office Building.

(69 W. Washington)

15 Three First National Plaza (70 W. Madison)

16 Chase Tower (21 S. Clark)

17 Two First National Plaza (20 S. Clark)

18 Leo Burnett Building (35 W. Wacker)

19 40 West Lake St.

20 Renaissance Hotel (1 W. Wacker)

21 171 North Clark St.

22 One North Dearborn St.

23 One North State St.

24 47 South Clark St.

25 Kluczynski Federal Building (230 S. Dearborn)

26 Dirksen Federal Building (219 S. Dearborn)

27 108 North State St. (Block 37)

28 Macy's (111 N. State)

29 25 East Washington St.

30 Sullivan Center (1 S. State)

31 The Heritage Millennium (130 N. Garland Ct.)

32 Chicago Cultural Center (78 E. Washington)

33 Smurfit Stone Building (150 N. Michigan)

34 Millennium Station

35 Millennium Park / Parking Garage

36 Harris Theatre

37 Grant Park North Parking Garage

38 Pritzker Pavillion

39 Millennium Park Bike Station

40 Monroe Street Parking Garage

41 Grant Park South Garage

42 Art Institute of Chicago (111 S. Michigan)

43 Harold Washington Library (400 S. State)

44 Metcalfe Federal Building (77 W. Jackson)

45 Palmer House Hilton (17 E. Monroe)

46 Michael A. Bilandic Building (160 N. LaSalle)

47 Union Station (225 S. Canal)

48 303 East Wacker Dr.

49 BlueCross BlueShield Building (300 E. Randolph)

50 Swissotel Chicago (323 E. Wacker)

51 Lakeshore Athletic Club (211 N. Stetson)

52 One Prudential Center (130 E. Randolph)/

Two Prudential Center (180 N. Stetson)

53 One Illinois Center (111 E. Wacker)

54 Two Illinois Center (233 N. Michigan)

55 Hyatt Regency Chicago - West Tower (151 E. Wacker)

56 Hyatt Regency Chicago - East Tower (201 E. Wacker)

57 Fairmont Hotel (200 N. Columbus)

58 Millennium Park Plaza (151 N. Michigan)

59 Columbus Plaza (233 E. Wacker)

60 Michigan Plaza (205 / 225 N. Michigan)

61 Aon Center (200 E. Randolph)

62 Park Millennium (222 N. Columbus)

63 Lake Shore East Park

64 Chicago Board of Options Exchange /

LaSalle St. Station (400 S. LaSalle)

65 Chicago Board of Trade (141 W. Jackson)

66 Buckingham Fountain

67 Aqua Building (225 N. Columbus)

NORTH

SOUTH

WE

ST E

AS

T

DOOR ACCESS

ESCALATOR/

ELEVATOR ACCESS

A C C E S S

UNDERGROUND

UPPER LEVEL

UNDER

CONSTRUCTION

CTA TRAIN

STATION

STREET LEVEL

YOU ARE HERE

P A T H S

Normal operating hours of

the Pedway are 7am to 5pm,

Monday - Friday, unless

otherwise noted.

Map shows only

approximate locations of

ingress and egress points.

Locations of access points,

and of Pedway segments,

are subject to change.

H O U R S

Subject Property

regional Map

Subject Property Lake Michigan

DeMographiCsPopulation .5-Mile 1-Mile 2-Miles

2018 Population 19,755 71,826 172,892

2023 Population 20,640 75,637 180,796

Households .5-Mile 1-Mile 2-Miles

2018 Households 11,886 44,059 102,471

2023 Households 12,525 46,919 108,109

Daytime Population .5-Mile 1-Mile 2-Miles

2018 Population 258,430 561,360 770,767

Income .5-Mile 1-Mile 2-Miles

2018 Median HH Income $110,060 $106,648 $103,399

2018 Average HH Income $158,984 $158,012 $153,811

siTe plan

PRUDENTIAL PLAZA

C16

C40 C42 C43

C44 C45 C47

C48

C17 C18 C19 C24

Wheelchair access

to South Shore trains.

Wheelchair access to Metra Trains located at 205 N. Michigan Avenue.

LOST & FOUND

INFORMATION

GRANT PARK NORTH

MICHIGAN AVENUE(Northwest Corner)

MICHIGAN AVENUE (Southwest Corner)RANDOLPH STREETCHICAGO CULTURAL CENTER

HARRIS THEATER

C41 MillenniumNews & Views

aVa

ila

ble

CONFIDENTIALITY AGREEMENT

The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

NON-ENDORSEMENT NOTICE

Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

SPECIAL COVID-19 NOTICE All potential buyers are strongly advised to take advantage of their opportunities and obligations to conduct thorough due diligence and seek expert opinions as they may deem necessary, especially given the unpredictable changes resulting from the continuing COVID-19 pandemic. Marcus & Millichap has not been retained to perform, and cannot conduct, due diligence on behalf of any prospective purchaser. Marcus & Millichap’s principal expertise is in marketing investment properties and acting as intermediaries between buyers and sellers. Marcus & Millichap and its investment professionals cannot and will not act as lawyers, accountants, contractors, or engineers. All potential buyers are admonished and advised to engage other professionals on legal issues, tax, regulatory, financial, and accounting matters, and for questions involving the property’s physical condition or financial outlook. Projections and pro forma financial statements are not guarantees and, given the potential volatility created by COVID-19, all potential buyers should be comfortable with and rely solely on their own projections, analyses, and decision-making.

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2020 Marcus & Millichap. All Rights Reserved. Activity ID: Z0670663

eXClUsiVelY lisTeD bY

sean sharKosenior ViCe presiDenT inVesTMenTsChicago Oakbrook(630) 570-2238sean.sharko@marcusmillichap.com IL 471.010712

aUsTin weisenbeCKsenior ViCe presiDenT inVesTMenTsChicago Oakbrook(630) 570-2169austin.weisenbeck@marcusmillichap.com IL 475.140200

BROKER OF RECORD

sTeVen weinsToCKChicago Oakbrook(630) 570-2250steven.weinstock@marcusmillichap.comIL 471.011175