corporate finance & net lease - jll capital...provided an own vs lease analysis as well as a...

Corporate Finance & Net Lease

Midwest Capital Markets

Instructive

PARTNER

Steven MartinASSOCIATE

Krupa ShahVICE PRESIDENT

Chris HealdMARKETING MANAGER

Blake LacherMANAGING DIRECTOR

Dan FreeseASSOCIATE

Megan ReaganOPERATIONS MANAGER

Corporate Finance & Net Lease P R O F E S S I O N A L S

Steven SiptrottVICE PRESIDENT

Brian ShanfeldEXECUTIVE VICE PRESIDENT

Jason DeWittSENIOR VICE PRESIDENT

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Our integrated suite O F I N V E S TO R S E RV I C E S

The power O F O N E P L AT F O R M

When you select JLL Capital Markets as your business partner, you get a single, agile integrated company with a client-centric approach to real estate. In a broader context, all of our firm is at your disposal — whether you collaborate with us to modify the status of a single asset or make a series of complex decisions that impact properties worldwide.

Why Choose JLL?

From acquisition identification, financing, to property disposition — and every stage in between — our integrated investor services team of agency leasing, property management and capital markets professionals know how to position your asset for success throughout the lifecycle of your investment.

C A P I TA L M A R K E T S A G E N C Y L E A S I N G P R O P E RT Y M A N A G E M E N T

$140B $201MGLOBAL VOLUME R E V E N U E

$54BUS VOLUME

1,212TRANSACTIONS

560PROFESSIONALS

2,229BUILDINGS LEASED

$15.7BTRANSACTIONS

400+PROFESSIONALS

$91MR E V E N U E

318MSQUARE FEET

1,523BUILDINGS MANAGED

1,880PROFESSIONALS

2 J L L C O R P O R AT E F I N A N C E & N E T L E A S E2 J L L C O R P O R AT E F I N A N C E & N E T L E A S E

INSTRUCTIVECORPORATE F INANCE & NET LEASE

Platform Capabilities

Deals closed N AT I O N W I D E Over $17 Billion in Net Lease Transactions Sold Since 2005

Global Capital AccessNationwide Transaction Activity

Fully Integrated

Our global access to capital helps real estate occupiers and net lease investors make the best financial decisions to optimize transaction economics and maximize asset value.

JLL Corporate Finance & Net Lease group is a recognized leader in the single-tenant sector with sale-leaseback, net lease, and build-to-suit transactions totaling over $3.5 billion in 2015. The group has over 16 U.S. specialists located in six offices throughout the U.S. With a broad range of experience and expertise across all commercial property types, JLL’s Corporate Finance & Net Lease team can provide solutions for retail, office, and industrial properties for both investors and corporate occupiers.

• Net Lease Sales• Sale Leaseback Advisory• Debt and Equity Placement

• Build-to-Suit Advisory• Own vs. Lease Analysis

MiamiMiamiFt. LauderdaleFt. Lauderdale

HoustonHoustonSan AntonioSan Antonio

AustinAustinNew OrleansNew Orleans

JacksonJackson

Panama CityPanama City

BirminghamBirminghamAtlantaAtlanta

OaklandOakland

Los AngelesLos Angeles

San DiegoSan Diego

SeattleSeattle

New YorkNew YorkHartfordHartford

ProvidenceProvidenceBostonBoston

Washington DCWashington DCBaltimoreBaltimore

ChicagoChicago

St. LouisSt. LouisKansas CityKansas City

MemphisMemphis

MinneapolisMinneapolis

MilwaukeeMilwaukee

PhoenixPhoenix

Las VegasLas Vegas

OrlandoOrlando

JacksonvilleJacksonville

TampaTampa

PhiladelphiaPhiladelphia

CharlotteCharlotte

Raleigh/DurhamRaleigh/Durham

NorfolkNorfolk

NashvilleNashville

OwensboroOwensboroCincinattiCincinatti

ClevelandCleveland

ColumbusColumbus

DetroitDetroit

Salt Lake CitySalt Lake City

DenverDenver

DallasDallas

San FranciscoSan Francisco

SacramentoSacramento

Midwest RegionMidwest Region

Capital Markets GroupCapital Markets Group

Major TransactionsMajor Transactions

MinotMinot

Oklahoma CityOklahoma City

PortlandPortland

AlbuquerqueAlbuquerque

CheyenneCheyenneOmahaOmaha

Bridging Real Estate and Finance TogetherOur Net Lease team offers unparalleled, fully integrated capital markets solutions to buyers and sellers of single-tenant net lease investment properties. With over $17 billion in office, retail and industrial single-tenant net lease sales, we have a deep understanding of the net lease marketplace and transaction drivers to ensure a successful execution.

Our Corporate Finance professionals help companies bridge real estate and finance by developing strategies that align financing and occupancy decisions. Leading with strategy supported by in-depth financial analysis, our team can help evaluate real estate and business objectives to determine the most effective solutions. We have assisted numerous Fortune 1000 corporations in executing sophisticated corporate finance strategies, resulting in enhanced financial reporting and significant economic benefits.

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CaseStudies

SALE PRICE $85,000,000

DATE July 2014

CLIENT Walgreens

PROPERTY Office

SIZE 574,605 sq. ft. 6 building campus

DEAL Existing corporate headquarters

Walgreens Corporate Campus | Deerfield, ILPerformed a detailed own vs lease analysis driving the decision to structure a sale leaseback offering to the market. Provided transaction structuring, underwriting and global marketing efforts to bring in top interested investors. Guided the investor selection and worked with Walgreens with the lease and PSA negotiations to maintain long-term investment strategy.

Global Capital Access

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SALE PRICE $340,000,000

DATE July 2014

CLIENT Zurich

PROPERTY Office

SIZE 750,000 sq. ft.

DEAL New headquarters development

Zurich: North American Headquarters | Schaumburg, ILCompleted a detailed scenario comparative analysis which included financial analysis and proforma modeling guiding the structuring of a ground up development of a new headquarters. Provided land acquisition services, underwriting and trasnaction structing along with product funding analysis. Completed client services with a CTL structuring.

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SALE PRICE $55,000,000

DATE September 2015

CLIENT AAOS

PROPERTY Office


DEAL New headquarters development

AAOS Headquarters Relocation | Rosemont, ILProvided an own vs lease analysis as well as a detailed scenario comparative analysis which included financial analysis and proforma modeling. This information guided the clients to a build to suit ownership option for their new headquarters. Throughout the process JLL provided property acquisition services, underwriting and trasnaction structing along with product funding analysis and debt structuring.

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SALE PRICE $260,000,000

DATE November 2015

CLIENT Citibank

PROPERTY Bank Branches

SIZE 561,000 sq. ft. 90 bank branches

DEAL Represented Seller

Citibank | Statewide, CACitibank partnered with JLL to guide their retail bank investment structure. Services provided included and own vs. lease analysis, occupancy planning, lease structuring / comparative analysis, financial analysis and proforma modeling, underwriting and transaction structuring, global marketing, investor selection, due diligence coordination, lease and PSA negotiations, and board approval presentation.

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4 J L L C O R P O R AT E F I N A N C E & N E T L E A S E

LOCATION Deerfield, IL

TYPE Office


SALEPRICE $85 million

CLOSED 2014

LOCATION Nationwide

TYPE Bank Branches

SIZE 90 assets


CLOSED 2015

LOCATION Schaumburg, IL

TYPE Office



CLOSED 2014

LOCATION Deerfield, IL

TYPE Office



CLOSED 2015

LOCATION Nationwide

TYPE Chain Restaurant


SALEPRICE $40.3 million

CLOSED 2015

LOCATION Wilmer, TX

TYPE Office

SIZE 1,000,000 sq. ft.


CLOSED 2014

LOCATION Nationwide

TYPE Office

SIZE 6 assets


CLOSED 2014

LOCATION Chicago, IL

TYPE Office



CLOSED 2015

LOCATION Nationwide

TYPE Office

SIZE 20 assets


CLOSED 2014

Walgreens Headquarters

Citibank Portfolio

Zurich Insurance Company

Academy Sports

Pizza Hut Portfolio

Whirlpool

Crowne Group

Tate & Lyle Headquarters

Baxalta-BioLife

Sale Leaseback E X P E R I E N C E

Build-to-Suit E X P E R I E N C E

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LOCATION Nationwide

TYPE Office

SIZE 14 assets


CLOSED 2014

LOCATION Chicago, IL

TYPE Grocery

SIZE 4 assets


CLOSED 2015

LOCATION Lisle, IL

TYPE Office

SIZE 1,200,000 sq. ft.


CLOSED 2014

LOCATION California

TYPE Bank Branches



CLOSED 2015

LOCATION Glendale, AZ

TYPE Office

SIZE 203,715 sq. ft


CLOSED 2014

LOCATION Rosemont, IL

TYPE Office



CLOSED 2015

LOCATION Nationwide

TYPE Retail

SIZE 8,000,000 sq. ft.


CLOSED 2015

LOCATION Nationwide

TYPE Chain Restraraunt

SIZE 62 assets


CLOSED 2015

State Farm Portfolio

The Chicago Grocery Portfolio

Navistar

Citibank Sale-Leaseback Portfolio

CSAA

Echo Realty Portfolio

Retail Portfolio

Build-to-Suit E X P E R I E N C E

Net Lease E X P E R I E N C E

AAOS

jll.com/mwcmgjll.com/investor

About JLLJLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 230 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $56.4 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.

JLL Corporate Finance & Net Lease

200 East Randolph Street Suite 4600Chicago, IL 60601

Brian ShanfeldExecutive Vice President +1 312 228 2631 [email protected]

Steven SiptrottVice President +1 312 228 3752 [email protected]

Blake Lacher Managing Director+1 312 228 3811 [email protected]

corporate finance & net lease - jll capital...provided an own vs lease analysis as well as a...

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