o ne parkway nort h deerfield, illinois

Holliday Fenoglio Fowler, L.P. (“HFF”) is an Illinois licensed real estate broker

Deerfield, Illinois

Executive Summary

ONE PARKWAY NORTH

KEY INVESTMENT HIGHLIGHTS

Anchor Tenant and Guaranteed Income Stability - Anchor tenant, Fortune 500 company Essendant, Inc. (formerly known as United Stationers) with revenues of $5.3 billion in 2015, leases 198,730 RSF (77.4% of the gross building area) and recently renewed their lease for an additional 11 year term through October 2027. Long term cash flow is guaranteed as the weighted average lease term is an astoundingly high 10.1 years.

Institutionally Maintained through Extensive Capital Improvement - In addition to several building upgrades performed in the last year, current ownership is currently installing a fitness center and renovating the building atrium and on-site food service. The total cost of capital improvements performed within the past year will be equal to $3.4 million.

Upside with Competitive Basis at Substantial Discount to Replacement Cost - Built to the highest standard of Class A office developments, One Parkway’s replacement cost today would be in excess of $350 per rentable square foot requiring gross rents of $29.00 per rentable square foot (40% above the current market rent for the Property). Investors will have the upside opportunity for rent growth especially in a market with no foreseeable speculative construction.

One-of-a-Kind Location - One Parkway North is adjacent to the Tri-State Tollway in Deerfield and 155,000 vehicles pass by the Property on a daily basis providing tremendous signage opportunities. In addition to having direct access to the Tri-State and Edens Expressway, the Property is also proximate to two (2) Metra stations, connecting One Parkway to the surrounding suburbs, the Chicago CBD, O’Hare International Airport, and two other regional airports.

North Suburban Submarket and Lake County Address - The North Suburban submarket routinely outperforms the surrounding areas in occupancy rate, net rents and leasing velocity due to the area’s reputation as Chicago’s premier office market and the destination for corporate headquarters and biotech companies. The Lake County address is of further appeal because of the lower tax rates compared to Cook County.

Immediate Access to Class A Amenities - One Parkway North benefits from an on-site food service, heated executive parking, a newly renovated atrium, and brand new in-building fitness center. Within a 5 to 10 minute drive of the Property, there are over 50 restaurants, 8 hotels, 11 banks, 9 retail/shopping centers (including Northbrook Court), a Whole Foods and 2 Metra Stations. This vibrant atmosphere leads to strong tenant retention in Deerfield.

Skilled Labor Pool and North Shore Location - Another advantage of the Property’s North Shore location is its access to the deep labor pool in the surrounding areas. Within one mile of One Parkway, 75.2% of residents have obtained a Bachelor’s degree or higher, the average annual household income is $209,522 and the median housing value is $574,526. Many decision makers and executives live in the surrounding areas and are another reason why corporate businesses want to be in this submarket.

Parkway North Center: Best-in-Class Office Park - One Parkway North is part of the master-planned, TOBY award-winning office campus known as Parkway North Center. The campus features a Marriott Suites hotel, Bright Horizons daycare center, state-of-the-art LifeStart fitness center, three Pace bus stops, three on-site dining options, Starbucks kiosk, and an adjacent luxury apartment community. The desirability of the office campus is evidenced by the tenant roster which includes the headquarters of the Fortune 500 company Mondelez, CF Industries’ headquarters, Walgreens, GCG Financial, Aerotek, Meridian Group and many others.

KEY PROPERTY STATISTICSBUILDING ADDRESS One Parkway North Blvd, Deerfield, IL

RENTABLE AREA 256,743 RSF

LAND SITE 11.22 acres (488,743 SF)

PERCENT LEASED 91.3%

STORIES 5

DATE COMPLETED/RENOVATED 1988 / 2016

TYPICAL FLOOR PLATE 51,000 RSF

PARKING 781 Spaces

WEIGHTED AVERAGE LEASE TERM 10.1 Years

CONTRACT RENT % BELOW MARKET AT EXPIRATION -5.14%

ONE PARKWAY NORTHExecutive Summary

2

ONE PARKWAY NORTH Executive Summary

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INVESTMENT OVERVIEWHolliday Fenoglio Fowler, L.P. (“HFF”) is pleased to present One Parkway North (the “Property”

or “One Parkway”), a rare opportunity for investors to acquire a core asset in Chicago’s prestigious

North Shore. One Parkway North is a 256,743 rentable square foot (“RSF”), five-story Class A

building that is the cornerstone of the Parkway North Center office campus, one of Chicago’s

premier office campuses. The Property serves as the global headquarters for Essendant

(NASDAQ: ESND, 77% of the GLA), a Fortune 500 company. Essendant recently recommitted

to the Property by extending their lease through October 2027, over 11 years remaining, while

bringing the overall weighted average remaining lease term for the Property to 10.1 years.

Located adjacent to the Tri-State Tollway, the Property enjoys excellent visibility and access to the

surrounding North Shore as well as the CBD and greater Chicago metropolitan area. The asset's

proximity to decision makers in the North Shore and easy access to Chicago’s vast labor pool in the

North and West, coupled with Lake County’s low taxes, create the perfect environment for a corporate

headquarters location. Of the 31 Fortune 500 companies that are headquartered in the Chicago area,

20 of them are located in the suburbs, and 14 are located in the North Suburban submarket, specifically

Abbott Laboratories, Abbvie, Allstate, Anixter, Baxter, CDW, Discover Financial, Essendant, Illinois Tool

Works, Mondelez International, Packaging Corp of America, Tenneco, W.W. Grainger and Walgreens.

In addition, One Parkway North is located proximate to a number of other corporate headquarters

such as AonHewitt, Astellas, Caremark, Hospira, and Takeda Pharmaceuticals.

One Parkway North provides the opportunity for an investor to acquire a core Class A office asset

with a highly secure income stream in a strategic corporate headquarter location in Chicago’s

prestigious North Shore.


44

Wooil

Ram Restaurant & BreweryDunkin Donuts

SubwayRT Lounge

Cooper’s Hawk WineryWestin North Shore

Waukegan Rd

Tri-

Stat

e To

llway

CHICAGO EXECUTIVE AIRPORT

Lake Cook Rd

Dundee Rd

Pfingsten Rd

Western Ave

Landwehr Rd

Sanders RdWalters Ave

Techny Rd

Willow Rd

Deerfield Rd

Edens Expressway

Edens Spur (Toll Road)

NorthbrookCourt

DeerbrookShopping Center

Future Site:NorthShore770

Mariano’sPanera BreadFuddruckers

PNCNoodles & Company

ChipotleSleepys

Hair Cuttery

RestaurantHotel

Shopping/RetailGrocery

Bank

site1000 Skokie Blvd

Prairie GrassRon of Japan

Morton’s

RennaissanceHotel & Resorts

Ruth’s ChrisSteak House

Mariano’sStarbucks

ChaseWalgreens

Lifetime Fitness

StarbucksPotbelly

The Container StoreTrader Joe’s

VerizonNordstrom Rack

PetsmarkFedEx Office

McDonaldsFrancesco’s

Next Door BistroCharlie Beinlich’s

Subway

ChaseMax’s Deli

Binny’sGuitar Center

LA Fitness

LEGEND294

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6868

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68

43

94

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4 WayInterchange

2 WayInterchange

Lake Michigan

ONE PARKWAY NORTH

StarbucksBlackie’sSubway

Noodles & CompanyChase BankPNC Bank

Sports AuthorityO�ceMax

Bed Bath & BeyondCarter’s

Jewel

Simply ThaiGreek Feast

Leonard's Bakery

Dairy QueenOnce Upon

a DeliJake's

Pizzeria

Chase Bank

Max andBenny’s

PF Chang’sDiPescara

Corner BakeryThe Claim Company

AMC TheaterApple Store

Crate & BarrelCoach

Louis VuittonTi�any & Co.

Stir CrazyLord & Taylor

Macy’sNeiman Marcus

Kate SpadeTUMI

Thai ThaiRistorante Abruzzo

Sachs Recreation Center

7-Eleven

McDonald’sParkway Bank

& Trust Co

Panera Bread

Dunkin’Donuts

Demetri’s Greek RestaurantEggshell Cafe

Rosebud

Wild FishSushi

Trax Tavern Grill

StarbucksChipotle

Bobby’sDeer�eld

Residence InnMarriott Carson’s

Barnes & NobleWalgreens

Whole Foods

Chase BankFirst Midwest Bank

Marriott Hotel

TeddyFabzHome Depot

Marriott Suites

Hyatt Deer�eld

J. Alexander’s

Tastes of Chicago

Butter�elds Pancake HouseJosh’s Hot Dogs

Buca di BeppoOld Munich Inn

Pete Miller’s Seafood& Prime Steak

Starbucks

BenihanaJoe’s Pizzeria

Taco BellMcDonald’s

Panda Express Jimmy John’s

WingstopPinhead’s Je�rey Lanes

Walgreens

Tuscany WheelingGolden Chef

Embassy Suites Hotel

U.S. BankDeer�eld Bank & Trust

BMO Harris

First American Bank ATM

Chase Bank


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Summary of Primary Tenants Leased SF % Share (1) Current Rent/SF Expires Remaining Term Credit Rating (2)

ESSENDANT 198,730 77.4% $18.00 Oct-27 11.2 yrs NA

FRIEDMAN CORPORATION 15,687 6.1% $17.76 Apr-20 3.7 yrs Fitch: BBB-

AJILON PROFESSIONAL STAFFING 5,152 2.0% $18.04 Feb-17 0.5 yrs S&P: BBB+; Moody's: Baa1

RIGHT MANAGEMENT 4,458 1.7% $18.54 Sep-18 2.1 yrs S&P: BBB; Moody's: Baa1

ORTHONET SERVICES 3,238 1.3% $18.58 Aug-18 2.0 yrs NA

BDM INVESTMENTS 1,578 0.6% $19.10 Oct-20 4.2 yrs NA

TOTAL / WEIGHTED AVERAGE LEASE TERM 228,843 89.1% 10.1 yrs

(1) % Share is based on future building RSF of 256,743(2) Credit Ratings for Friedman and Right Management are reflective of their respective parent companies, Constellation Software and Manpower Group. Credit rating for Ajilon is reflective of its Guarantor, Adecco.

D e d i c a t e d A n c h o r T e n a n t w i t h C R E D I T Q U A L I T Y I n c o m e S t a b i l i t yEssendant (NASDAQ: ESND), the Property’s anchor tenant, is a publicly-traded Fortune 500 company that recently memorialized their long term

commitment to the Property with a lease extension through October 2027. Formerly known as United Stationers Supply Company, Essendant is a

leading national wholesale distributor of workplace essentials, and has been headquartered at the building since 2005. Essendant currently leases

198,730 RSF (77.4% of the gross building area). The tenant has a ROFO on all remaining space in the building but does not have an option to terminate,

creating the ideal environment for Essendant to increase their footprint within the Property. Essendant’s anchor tenancy will provide significant stabilized

cash flow to an investor looking for a core income stream.


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I n s t i t u t i o n a l l y M a i n t a i n e d T h r o u g h E X T E N S I V E C a p i t a l I n v e s t m e n tThe Property has been maintained and managed to the highest institutional standards with current and recent ownership investing in significant capital

projects. In addition to the fitness center that will be completed by the summer of 2016, ownership will have completed an additional $2.8 million of

capital improvements to building systems and aesthetics, prior to closing. These capital projects include a renovation of the atrium, improvements to

the on-site food service, modernization of elevators, and HVAC upgrades.

U p s i d e w i t h C o m p e t i t i v e B a s i s a t S u b s t a n t i a l D i s c o u n t t o R e p l a c e m e n t C o s tThe Property provides investors the opportunity to acquire a Class A office building at a substantial discount to replacement cost, providing a competitive

basis for years to come. Built to the highest standard of office developments, and institutionally owned and maintained, the cost to replicate the asset

today in its superior North Shore location would be in excess of $350 per square foot. New developments would require gross rents in excess of $29

per RSF net which is 40% above current market rents for One Parkway. This spread creates the ideal path to rent growth as well as a hedge against

future speculative development.


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Pace Bus Stop

Pace Bus Stop

Pace Bus Stop

Woodview Apartments at Fifteen

Parkway North


Parkway North

Marriott Suites Hotel

Marriott Suites Hotel

10 ParkwayNorth

10 ParkwayNorth

9 ParkwayNorth

9 ParkwayNorth

3 ParkwayNorth

3 ParkwayNorth

4 ParkwayNorth

4 ParkwayNorth

6 ParkwayNorth

6 ParkwayNorth

5 ParkwayNorth

5 ParkwayNorth

Bright Horizons,LifeStart


DEERFIELD ROAD

DEERFIELD ROAD

HAWTHORNE LANE

DOWNTOWN DEERFIELDLake MichiganLake Michigan

27 Miles toChicago CBD

RestaurantHotel

Shopping/RetailGrocery

Bank

LEGEND

PotbellyChipotle

StarbucksThe Italian KitchenRosebud Restaurant

Baskin Robbins Pure BarreWalgreens

Barnes & Noble

LoftSprint

UPS StoreCore Power Yoga

Whole FoodsChase Bank

Western UnionFirst Midwest Bank

U.S. Bank


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O n e - o f - a - k i n d L o c a t i o n One Parkway is located in the prestigious North Shore and benefits from

excellent visibility along the Tri-State Tollway I-94/I-294. This provides

tremendous tenant signage identity as the Tri-State Tollway is one of the

busiest highways in the country with over 155,000 vehicles passing by

the Property on a daily basis. The North Shore is home to Chicago’s most

affluent communities, with executives and decision-makers that live just a

short distance from the Property, while the Tri-State provides easy access

to Chicago's deep labor pool.

The on-site Pace bus stops connect the Property to an abundance of

public transportation options, including the Deerfield and Lake Cook Metra

Stations, which are only 2 and 3 miles from the Property, respectively.

These Metra Stations connect One Parkway North to the broader North

Shore and the CBD, allowing tenants to attract Chicago's highly educated

millennial work force, without opening offices in the CBD.

The Chicago Executive Airport in Wheeling is only 5 miles from the Property,

while O’Hare International Airport, the second busiest airport in the world

based on air traffic, is 15 miles from the Property. This ease of access to

world class airports is a must have for the global headquarters tenants that are

located in Parkway North Center and along the Tri-State corridor.


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L A K E C O U N T Y - L E A D E R O F B I O T E C H C O N C E N T R A T I O NLake County has emerged as a leader in the biotech industry, with nearly 12% of the state's biotech companies located within its limits. Even more

impressive is that 37% of the biotech employment in Illinois is in Lake County, with its companies employing 30,250, compared with the state's total

of 81,000. The average annual salary within the biotech industry is nearly $90,000, more than 45% higher than the overall average in Lake County

and more than twice the national average. There are more than 100 biotech and pharmaceutical companies in Lake County, including 10 corporate

headquarters, with total worldwide sales exceeding $57 billion. Large corporations in Illinois have been an important source of early-stage funding to

biotech startups with companies including Abbott, Astellas, Baxter and Takeda significantly increasing venture capital funding in recent years.

4 -WayInterchange

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Parkway North


Parkway North

Hyatt HotelHyatt Hotel

10 ParkwayNorth

10 ParkwayNorth

9 ParkwayNorth

9 ParkwayNorth

3 ParkwayNorth

3 ParkwayNorth

4 ParkwayNorth

4 ParkwayNorth

6 ParkwayNorth

6 ParkwayNorth

Baxter Healthcare Headquarters

Baxter Healthcare Headquarters

WalgreensHeadquarters

WalgreensHeadquarters

Takeda HeadquartersTakeda HeadquartersDiscover Financial

HeadquartersDiscover Financial

Headquarters

Chicago ExecutiveAirport

Chicago ExecutiveAirport

O’Hare InternationalAirport

O’Hare InternationalAirport

5 ParkwayNorth

5 ParkwayNorth

DEERFIELD ROAD

HAWTHORNE LANE

LAKE COOK ROAD

SAUNDERS ROAD

27 Miles toChicago CBD



Cook County LineCook County Line

Pace Bus Stop

Pace Bus Stop

Pace Bus Stop

Marriott SuitesHotel

Marriott SuitesHotel

94

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9494

294

294294

294


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I m m e d i a t e A c c e s s t o C l a s s A A m e n i t i e s One Parkway North benefits from having a newly renovated 5-story atrium with a cafeteria

and food-service inside the building, as well as the availability of 781 parking spaces, 39

of which are located in the heated, executive parking garage. By the summer of 2016,

the Property will also feature a 4,270 RSF fitness facility on the 1st floor. The adjacent

Marriott Suites hotel provides an unbeatable hospitality option just steps from the Property.

Additionally, the Woodview Apartments at Fifteen Parkway North are directly north of the

Property, and offer a convenient, luxury rental alternative for One Parkway North’s tenants.

In addition to these on-site amenities, the Property is also proximate to retail centers that

offer a range of dining and shopping options. Restaurants such as J.Alexander's, Cooper's

Hawk Winery, Buca di Beppo, Rosebud and Meritage in the Mariott, along with fast casual

lunch options such as Panera, Subway, Jimmy John's, and Chipotle are a short drive away

from the Property. In addition to the on-site Marriott Suites hotel, there is also a Hyatt,

Embassy Suites, Westin and many other hotels within the area that provide convenient

hospitality for corporate guests. Not more than 5 miles away from the Property are a

plethora of retail offerings including Deerbrook Shopping Center and Northbrook Court,

which is one of the country’s most prominent regional shopping malls with 99 stores, a

movie theater and several dining options. Northbrook Court caters to the affluent residents

of the North Shore and includes high-end retailers such as Neiman Marcus, Apple, Louis

Vuitton, Burberry, and Tiffany & Co. Westfield Old Orchard Mall in neighboring Skokie is a

1.8 million square foot complex located only 12 miles from the Property, featuring over 110

retailers and brands. The shopping center is anchored by Bloomingdale’s, Lord & Taylor,

Macy’s, Nordstrom and Saks Fifth Avenue.


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C h i c a g o ’ s P r e m i e r O f f i c e S u b m a r k e tThe North Suburban submarket’s strong demographics and high-end housing stock provide an exceptional labor pool that keeps vacancy rates

consistently below the suburban average and makes it the premier option for Chicago area companies. The North Suburban market is the preferred

headquarters location for companies in the biotech, pharmaceutical, advanced manufacturing, financial services and professional services industries. Of

the 31 Fortune 500 corporate headquarters located in the Chicago area, 20 are located in the suburbs and 14 are located in the North Suburban market.

Many of the Chicago area’s largest employers are concentrated in the North Suburban submarket, including Abbott Laboratories, Abbvie, Allstate,

Anixter, Astellas, Baxter, Caremark, CDW, Discover, Essendant, Hospira, Illinois Tool Works, Mondelez International, Packaging Corp of America,

Takeda Pharmaceuticals, Tenneco, W.W. Grainger and Walgreens. Going forward, the lack of desirable land sites should reduce vacancy rates and

foster significant rent growth in the submarket.

S k i l l e d L a b o r P o o lOne Parkway North is well-positioned to tap the diverse and skilled labor pool clustered in the Greater North Shore area. Within a one mile radius of

the Property, over 75.2% of the population possesses a bachelor’s degree or higher level of education, and the average household income is $209,522.

These are astounding numbers compared to the State of Illinois as only 31.9% have earned a bachelor’s degree or higher and the average household

income is $81,390. With many executives and professionals calling the area home, the immediate area boasts a median housing value of $574,526,

demonstrating the desirability of the region.

1-MileRadius

3-Mile Radius

5-MileRadius

Lake County Illinois

% Attaining Bachelor's Degree or Higher 75.2% 61.3% 57.7% 42.5% 31.9%

Average Household Income $209,522 $145,473 $131,373 $112,098 $81,390

Median Housing Value $574,526 $461,322 $406,654 $263,925 $186,871

Source: Nielsen


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FORTUNE 500 HEADQUARTERS IN CHICAGO MSAChicago Rank Company Fortune 500 Rank Location Revenues ($ millions)

1 Boeing 27 Chicago, IL 90,762

2 Archer Daniels Midland 34 Chicago, IL 81,201

• 3 Walgreen Co. 35 Deerfield, IL 76,392

4 United Continental Holdings, Inc. 79 Chicago, IL 38,901

• 5 The Allstate Corporation 89 Northbrook, IL 35,239

• 6 Mondelez International, Inc. 91 Deerfield, IL 34,244

7 Sears Holdings Corporation 99 Hoffman Estates, IL 31,198

8 McDonald's Corporation 110 Oak Brook, IL 27,441

9 Exelon Corporation 111 Chicago, IL 27,429

10 US Foods, Inc. 128 Rosemont, IL 23,020

• 11 Abbott Laboratories 134 Abbott Park, IL 22,323

• 12 AbbVie Inc. 146 North Chicago, IL 19,960

13 Kraft Foods Group, Inc. 165 Chicago, IL 18,205

• 14 Baxter International Inc. 185 Deerfield, IL 16,972

• 15 Illinois Tool Works Inc. 201 Glenview, IL 15,282

• 16 CDW Corporation 253 Vernon Hills, IL 12,075

17 R.R. Donnelley & Sons Company 258 Chicago, IL 11,603

18 Navistar International Corporation 276 Lisle, IL 10,806

• 19 W.W. Grainger, Inc. 290 Lake Forest, IL 9,965

• 20 Discover Financial Services 303 Riverwoods, IL 9,611

• 21 Tenneco Inc. 341 Lake Forest, IL 8,420

22 Dover Corporation 346 Downers Grove, IL 8,322

23 Motorola Solutions, Inc. 363 Chicago, IL 7,785

24 LKQ Corporation 403 Chicago, IL 6,740

25 Integrys Energy Group, Inc. 404 Chicago, IL 6,731

• 26 Anixter International 420 Glenview, IL 6,446

• 27 Packaging Corp of America 451 Lake Forest, IL 5,853

28 Ingredion Incorporated 462 Westchester, IL 5,668

29 Old Republic International Corporation 472 Chicago, IL 5,531

30 JLL 478 Chicago, IL 5,430

• 31 Essendant 489 Deerfield, IL 5,327

Source: Fortune (2015) Suburban-based Headquarters

North Suburban-based Headquarters

CORPORATE HEADQUARTERS

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Kennedy Rd

SKOKIE

METRA NORTH CENTRAL SERVICE

S Waukegan Rd

Everett Rd

Telegraph Rd Half Day Rd

Skokie Valley Rd

Westleigh Rd

Skokie Hwy

Deerpath Rd

Sheridan Rd

Ridge Rd

Waukegan RdGreen Bay Rd

Deerfield Rd

Lake Cook Rd

Dundee Rd

Walters Ave

Willow Rd

E Lake Ave

Central Rd

Golf Rd

W Dempster St

Oakton St

Greenwood Ave

Rand Rd

Northwest Hwy

Mannheim

RdSanders Rd

Pfingsten Rd

Shermer Rd

Lehign AveHarlem

AveN Sherm

er RdW

aukegan Rd

W Touhy Ave

Milwaukee Ave

Dempster St

Emerson St

South Blvd

W Touhy Ave

Asbury Ave

Crawford Ave

Ridge Ave

McCormick Blvd

Central St

Green Bay Rd

Sheridan RdGlencoe Rd

Sunset Ridge Rd

Tower Rd

Willow Rd

Winnetka Rd

Hibbard RdSkokie Blvd

Harms Rd

Hunter Rd

Lake Ave

Old Orchard Rd

LAKE COUNTY

COOK COUNTY

METRA UNION PACIFIC NORTHWEST

METRA M

ILWAUKEE NORTH

METRA UNION PACIFIC NORTH

CTA YELLOW LINE

CTA RED LINE

CTA PURPLE LINE

EVANSTON

WILMETTE

WINNETKA

HIGHLANDPARK

LAKE FOREST

DEERFIELD

NORTHBROOK

GLENVIEW

NILES

Half Day Rd

Townline Rd

Lake Cook Rd

Dundee Rd

Willow Rd

E Lake Ave

Golf Rd

Everett Rd

94

94

Central Rd

Oakton St

E Park Ave

Rockland Rd

WHEELING

LINCOLNSHIRE

21

21

60

2222

Milwaukee Ave

Buckley Rd

METRA UNION PACIFIC NORTHWEST

137

83

8353

290 90

294

294

Abbott Laboratories

Tenneco Packaging

BrunswickHospira

Pactiv

AbbvieRust-Oleum

PCA

SOLO

GraingerBaxter Credit

Union

American HotelRegister Co.

CDWZenithKlein Tools

AON Hewitt

Sysmex

Zebra Technolgies

Sauer Danfoss

Mondelez CF Industries

Essendant

Takeda

Discover Walgreens Fortune Brands

CVS/Caremark

Astellas

Allstate

Barilla

PotashCorp

Crate&Barrel

Anixter

ITW

Zurich

Motorola

Baxter

ONE PARKWAY NORTH

•


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T e n a n t s w a n t t o b e i n P a r k w a y N o r t h C e n t e r This multi-building, master-planned, TOBY award-winning office campus features six office buildings consisting of over 1 million square feet which is

over 85% leased, and has earned the reputation of attracting large, corporate tenants. Essendant, the leading national wholesale distributor of essential

work place items and Fortune 500 company, anchors One Parkway North in nearly 200,000 square feet. CF Industries, headquartered in the park with

approximately 190,000 RSF in Three and Four Parkway North, recently expanded and extended their lease for 10 years. The expansion pushed Lundbeck

into approximately 50,000 RSF at Six Parkway, further stabilizing the campus. Mondelez International, another Fortune 500 company which recently split

from Kraft Foods in 2011, is also headquartered in the park at Three Parkway North in 50,000 square feet. Walgreens also leases space within the office

park for its Walgreens University, in 40,000 square feet in Six Parkway North. Other major tenants in the park include GCG Financial and Meridian Group.

One Parkway North’s location within this office park means that its tenants benefit from the breadth of amenities that Parkway North Center has to

offer. There is a full-service Marriott Suites Hotel located adjacent to the Property with 248 hotel suites and 14 meeting rooms, including conference

facilities for tenant-use, and a white-tablecloth restaurant. Five Parkway North, on the west side of the campus, features a LifeStart fitness center and

athletic club, along with a 20,000 RSF Bright Horizons daycare center. The campus also features picturesque landscaping with a centralized pond, miles of

jogging/walking trails, three Pace bus stops, a Starbucks kiosk, ATM and three on-site dining options. Adjacent to the Property to the north is Woodview

Apartments at Fifteen Parkway North, a brand new luxury apartment community. These upscale apartments contribute to Parkway North’s amenity base

and are a further assurance that the park will remain one of the premier office destinations in Chicago. Several institutional and prominent investors have

invested in the Parkway North campus including GE, Griffin Capital, Blackstone, Wells Real Estate Funds, CBRE Global Investors, and Carr America.


14

Deerfield Road

Deerfield Road

Saunders RoadSaunders Road

Haw

thor

ne La

neHa

wth

orne

Lane

Deerfield Park District Golf Course

Deerfield Park District Golf Course

10 ParkwayNorth

10 ParkwayNorth

9 ParkwayNorth

9 ParkwayNorth3 Parkway

North3 Parkway

North

4 ParkwayNorth

4 ParkwayNorth

6 ParkwayNorth

6 ParkwayNorth

27 Miles to Chicago CBD

(94/294 Interchange)27 Miles to Chicago CBD

(94/294 Interchange)

Deerfield Road

Deerfield Road

ONE PARKWAY NORTH


Parkway North


Parkway North

5 ParkwayNorth

5 ParkwayNorth

Baxter HealthcareCorporation

Baxter HealthcareCorporation

2 WayInterchange

Bright Horizons,Lifestart

Bright Horizons,Lifestart

Marriott HotelMarriott Hotel

Deerfield Road

94

94

Parkway North

Parkway North

Saun

ders

Roa

d

Hawthorne Lane

Deerrun Drive

ONE PARKWAY

NORTH

Pace Bus Stop

Pace Bus Stop

Pace Bus Stop

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North9 Parkway

North

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Woodview Apartments at Fifteen Parkway North

Woodview Apartments at Fifteen Parkway North

5 ParkwayNorth

5 ParkwayNorth

MobilGas Station

MobilGas Station

Wintergarden Cafe

Wintergarden Cafe

Meritage Restaurant and Bar

Meritage Restaurant and Bar

Takeda Headquarters,Baxter Healthcare Headquarters, Discover Financial Headquarters

Takeda Headquarters,Baxter Healthcare Headquarters, Discover Financial Headquarters

Walgreens Headquarters

Walgreens Headquarters

CF IndustriesCF Industries Mondelez, GCG Financial

Mondelez, GCG Financial

WalgreeensWalgreeens

Bright HorizonsLifestart

Bright HorizonsLifestart

Meridian GroupAerotek

Meridian GroupAerotek

MarkelMarkel

2 WayInterchange

Marriott Suites HotelMarriott Suites Hotel

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Holliday Fenoglio Fowler, L.P. (HFF) and HFF Securities L.P. (HFFS) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.

HFF has been engaged by the owner of the property to market it for sale. Information concerning the property described herein has been obtained from sources other than HFF, and neither Owner nor HFF, nor their respective equity holders, officers, employees and agents makes any representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all reference to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a purchaser, and HFF, its partners, officers, employees and agents disclaim any liability that may be based upon or related to the information contained herein. Prospective purchasers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change.

Contact InformationHFF Chicago181 West Madison | Suite 3900Chicago, IL 60602Telephone: 312.528.3650Fax: 312.528.3651

Investment ContactsMark B. KatzManaging [email protected]

Jeffrey M. BramsonSenior Managing DirectorManaging [email protected]

Jaime M. FinkSenior Managing [email protected]

Bryan D. RosenbergAssociate [email protected]

Yoonjin [email protected]

Debt ContactChristopher S. CarrollManaging [email protected]

o ne parkway nort h deerfield, illinois

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