DEVELOPMENT TEAM · PDF fileJOINT VENTURE PARTNER LENDER ... A UNIQUE DOWNTOWN EXPERIENCE...

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Transcript of DEVELOPMENT TEAM · PDF fileJOINT VENTURE PARTNER LENDER ... A UNIQUE DOWNTOWN EXPERIENCE...

DEVELOPMENT TEAM

JOINT VENTURE PARTNER LENDER

DEVELOPER

BASE BUILDING ARCHITECT GENERAL CONTRACTOR

625 West Adams offers a truly unique CBD office experience. The building’s ideal location provides for unparalleled visibility, efficiency, openness, light and green space.

Designed by internationally renowned architect, Martin Wolf, FAIA, of Solomon Cordwell Buenz and Associates,the building’s design caters to the brand and culture of America’s premier Fortune 500 and privately held companies. The large, highly efficient floorplate addresses corporate America’s mandate for capacity, cost efficiency and collaboration.

625 West Adams’ location and design embraces people spaces and green spaces with sustainable infrastructure that promotes productivity, business continuity, employee well-being and a reduced eco footprint. A more efficient way to work, 625 West Adams will include a 400-car parking garage and is within 3 blocks of both Ogilvie Transportation Center and Union Station.

BUILDING625 West Adams is a high-performance, LEED certified office building

LOCATIONSE corner of Adams and DesPlaines streets in Chicago’s West Loop

A UNIQUE DOWNTOWN EXPERIENCE WHERE BEAUTY MEETS BUSINESS

PROPOSED BUILDING SIZE20 Stories, 438,184 RSF

TYPICAL OFFICE FLOOR32,000 RSF high-efficiency floorplates

North Elevation East ElevationSouth ElevationWest Elevation

OFFICE

PARKING

RETAIL

OFFICE LOBBYAUDITORIUM / CONFERENCE

AUDITORIUM / CONFERENCE

OFFICE

PARKING

OFFICE LOBBY

OFFICEOFFICE

PARKINGPARKING

RETAIL

OFFICE LOBBYAUDITORIUM /CONFERENCE

ACCESSIdeally located just 1.5 blocks from Union Station, 2.5 blocks from Ogilvie Transportation Center, 1 block from the Kennedy Expressway and 3.5 blocks from CTA train lines

THE 625 WEST ADAMS ADVANTAGEAccess • Identity • Views • Flexibility • Green Space

Southeast View

IDENTITYSurrounded by low to mid-rise buildings offering unparalleled visibility, identity and views.

VIEWSUnobstructed 360° views of the city.

FLEXIBILITY32,000 square foot highly efficient floors.

GREEN SPACEA dedicated park at your front door.

South View Facing Adams Street

PUBLIC PARKDirectly across from the entrance of the property offering a truly unique amenity for tenants.

COMFORTIndoor/outdoor public areas that invite interaction.

GLASS EXTERIORGlass exterior promotes light transitions.

OPENESS, LIGHT AND AIR

NATURAL LIGHTNatural light raises productivity, lowers energy costs.

COVERED PLAZACovered plaza surrounding lobby at the north and east.

LOBBY

RETAIL

NETPOP/IT/DATAROOM

PARKINGLOBBY

ALLEY

ALL

EY

ELECT.RISER RM

METERROOM

LOADINGDOCK

ELECROOM

COMEDVAULT

SE

RV

ICE

LO

BB

Y

ADAMS STREET

DE

SP

LAIN

ES

STR

EE

T

FIREPUMPROOM

RAMPPARKING

ENTRY/EXIT

ATS

CONFERENCE CENTER/AUDITORIUM

MAIN LOBBYExpansive 25’ high lobby covering the entire north portion of the building and oriented directly across for public park with floor to ceiling glass allowing plenty of natural light

ELEVATOR LOBBYDual access to elevator tower allowing for private elevators for anchor tenant

SECURITY24-Hour manned security

RETAIL2,500 RSF Ground Floor retail with access from Lobby and Adams Street

ELEGANCE

West Entry Facing DesPlaines Street

CONVENIENCECORPORATE CENTER - AUDITORIUM

18,000 SF on Ground and Mezzanine level, available for corporate functions.Large auditorium on ground level & the mezzanine level

1,500 person capacity

UP

UP

UP

UP

UP

DN

UP

DN

DN

UP

0' - 0"

0' - 0"

0' - 6"

0' - 6"

0' - 6"0' - 6"

0' - 0"

E12

E12

E12

E12 E12

E12

E2

E2

E2

E2

E2

E2

0' - 0"

0' - 3"

0' - 6"

0' - 6"

625 CONFERENCE / AUDITORIUM CENTER836 Seats

METERROOM

PRE-FUNCTION

STORAGE

TOILETS TOILETS

KITCHEN

STORAGE

COATROOM

COATROOM

ELEV.

ELEV.EQ.ROOM

ADDITIONAL MEETING SPACE

STORAGE

MECH.

OPEN

TOILETS TOILETS

OFFICE

STORAGE

LOUNGE

STORAGE

BALCONY203 SEATS

J.C.

STORAGE

3/32" = 1'-0"1 Level 1 3/32" = 1'-0"2 Level 1M

STORAGE

18,000 SF on Ground and Mezzanine level, available for corporate functions.Large auditorium on ground level & the mezzanine level

1,500 person capacity

CONVENIENCECORPORATE CENTER - AUDITORIUM

West Entry Facing DesPlaines Street

PARKING

400 stall public parking garage. Entrance directly off lobby on Des Plaines StreetIngress/Egress on Des Plaines Avenue

• 7th floor conference center• Wi-fi lounge for portability• Fitness center• Barista and Wine Bar within entertainment lounge• Outdoor terraces

A COMPELLING WORK ENVIRONMENT

© 2015SOLOMON CORDWELL BUENZ

625 W. ADAMS | SCHEMATIC DESIGN PRESENTATION | 7TH FLOORXXXXXXXXX

OCTOBER 19, 2016

FLOOR PLAN | OPTION B

FLOOR PLANS

MANAGEMENT 1,210 SFPATIO 1,546 SF

AMENITIES 8,607 SF

TOTAL 11,363 SF

SPACE 1 13,160 SF

581 SFWOMEN

2529 SFCONFERENCE

1020 SFLOUNGE

1142 SF

JUICE BAR/LOUNGE

1754 SF

FITNESS

586 SF

MEN

10/4/2016

SPACE 1 11,985 SFSPACE 2 2,433 SF

MANAGEMENT 1,240 SFPATIO 1,546 SF

AMENITIES 9,481 SF

TOTAL 12,267 SF

10/19/2016_OPT 1

SPACE 1 13,160 SFSPACE 2 0 SF

TOTAL 14,418 SF TOTAL 13,160 SF

OPT 1_DIFFERENCE FROM10/4/2016

STRETCHAREA

CYCLE STORAGE

BOO

TH S

EATI

NG

OPE

N O

N B

OTH

SID

ES W

ITH

TR

ELLI

S TO

P

1020 SFLOUNGE

MANAGEMENT +30 SFPATIO 0 SF

AMENITIES +874 SF

TOTAL +904 SF

SPACE 1 + 1,175 SFSPACE 2 -2,433 SFTOTAL -1,258 SF

272 SF

FURN CL.

102 SF

OFFICE

103 SFOFFICE

303 SF

CONFERENCE211 SFBREAK

86 SF

AV. CL.

56 SFJAN. CL.

433 SF

RECEPTION

MANAGEMENT 1,240 SFPATIO 1,546 SF

AMENITIES 9,135 SF

TOTAL 11,921 SF

10/19/2016_OPT 2

SPACE 1 13,160 SFSPACE 2 0 SFTOTAL 13,160 SF

MANAGEMENT +30 SFPATIO 0 SF

AMENITIES +528 SF

TOTAL +558 SF

SPACE 1 + 1,175 SFSPACE 2 -2,433 SFTOTAL -1,258 SF

OPT 2_DIFFERENCE FROM10/4/2016

STORAGE

388 SFYOGA

581 SFWOMEN

586 SF

MEN

CYCLE STORAGE

RELAX. RECHARGE. COLLABORATE. BREATHE.

• Three outdoor terraces (floors 7 11 & 19)

OPEN OFFICE

ELEVATOR LOBBY

RESTROOM

OPEN OFFICE

ELEVATOR LOBBY

RESTROOM

11th & 19th Floor Private Deck SpaceTypical 32,000 RSF Floorplate

EFFICIENT SPACE PLANNING ALTERNATIVESDense Corporate User - 168 work stations per floor~184 sq. ft per person.

EFFICIENT SPACE PLANNING ALTERNATIVES

ELEVATORLOBBY

1307

SERVICE ELEV.VESTIBULE

1301

COMED PULL RM1306

ELEC

1305

IT

1304

MEN

1303

WOMEN

1302

STAIR 2ST2

STAIR 1

ST1DN

UPDNUP

COPYCOPY

PANTRY CHAT

CHAT

CHAT

CHAT

CHAT

CHAT

CHAT

CONFERENCE CONFERENCE

CONF

CONFERENCEIDF

CHAT

CHAT

CHAT

CHAT

CHAT

CHAT

CHAT

CONF WORKROOM

PH

PH

PH

PH

PH

PH

PH

PH

PH PH

PH

PH

PH

PH

PH

PH

PH

PH

PH

WORKROOM

QUIETZONE

COLLAB COLLAB

CREATIVEWORK

COLLAB

FLOOR

WORKPLACEWORKSTATIONSRECEPTION SEATSTOTAL

SUPPORT SPACESBOARD ROOMLARGE CONFERENCEMED CONFERENCECHAT ROOMPHONE BOOTHMOTHER'S ROOMCOLLABORATIONCAFECOPYPANTRYCOATSRECEPTIONTRAININGCHILL OUT/AUDTECH HUBMAIL ROOMPROJECT ROOMWORK ROOM

DEDICATED SPACESIDFSTORAGE

FLOOR13

2340

234

04314190501100000002

10

FLOOR19

022

1220100110001111000

00

NORTH

E16

E16

E16

E16

E16

E16

E16

E16

E16

E16

E5

E5E5 E5

E16 E16

E17

E17

E17

E5

E5

E5

E5

E5

E5

E5

E5

E5

ELEVATORLOBBY

1907

STAIR 1

ST1SERVICE ELEV.

VESTIBULE

1901

COM ED

1906

ELEC

1905

IT

1904

MENS1903

WOMEN

1902

STAIR 2

ST2

ROOF TERRACE

1909

DNUPDN

UPTRAINING

TECH HUB

CAFE

COLLAB

PHONE

PHONE

PHONE

PHONE

CONFERENCE CONFERENCE

CONFERENCE

CONFERENCE

CONFERENCE

PHONE

RECEPTION

FLOOR

WORKPLACEWORKSTATIONSRECEPTION SEATSTOTAL

SUPPORT SPACESBOARD ROOMLARGE CONFERENCEMED CONFERENCECHAT ROOMPHONE BOOTHMOTHER'S ROOMCOLLABORATIONCAFECOPYPANTRYCOATSRECEPTIONTRAININGCHILL OUT/AUDTECH HUBMAIL ROOMPROJECT ROOMWORK ROOM

DEDICATED SPACESIDFSTORAGE

FLOOR13

2340

234

04314190501100000002

10

FLOOR19

022

1220100110001111000

00

PARKING & PUBLIC TRANSPORTATION

Future Parking infillDevelopment over90/94 from Adams toWashington

Clinton OgilvieTrans.Center

90 /94 /290

408 CarGarage on Site

ChicagoUnion

Station

Quincy / Wells

6.5 Blocks

Clinton

4.5 Blocks

1.5 Blocks

Loop

3.5 Blocks6 Blocks

KennedyExpressway

I-90

1 Block

NEIGHBORHOOD DINING OPTIONS (5 Blocks = 72 Restaurants)

1

219202122

323242526

40

57

55

58

61

59 60

5654

53525149 50

4844

45 46 47

414243

4

38

29

30

31

32

3334353637

3927 28

5

1015

6

11 16

7

12

178

13

18

9

14

62

64

6869 70 71

72

67

6665

63

72 Restuarants

HOP (TWO BLOCKS OR LESS):

Al’s BeefStarbucks Epic BurgerLou Mitchells Jamba Juice Gold Coast DogsAuntie Anne’s Pretzels Robinson’s Ribs Starbucks Au Bon Pain Uno’s PizzaSandella’s Flatbread Café The Junction Pub

Kelly’s Cajun GrillCorner Bakery Jamba Juice Dunkin Donuts McDonaldsNaansenseJimmy John’s Dunkin DonutsChipolteDylan’s Tavern & GrillSubwayI Dream of FalafelHannah’s Bretzel

Meli Cafe Gyro MenaMr. Greek GyrosRoditysAthena RestaurantGreek IslandsSantoriniPegasus RestaurantDugan’sToppers PizzaStarbucks

Pan Hellenic Cafe9 Muses Five Guys Blackwood Barbeque Blaze Pizza Potbelly’sJamba Juice Subway

SKIP (THREE TO FOUR BLOCKS):Corner Bakery McDonaldsFreshii Simply Greens Panda Express Dunkin DonutsBenjYeuda Yolk

Venice CafeCaffe Baci RotiSpecialty’s Cafe & BakeryBoston Blackie’s Pret A Manger Protein Bar Arturo’s Express

JUMP (FIVE BLOCKS PLUS):Girl and the GoatBar SienaSoho HouseRM Champagne SalonGreen Street Smoked MeatsParlor Pizza

Haymarket PubSaleroBlackbirdAvecSepia

35

36

37

38 46 54

39 47 55

40 48 56

41 49 57

42 50 58

43 51 59

44 52 60

45 53 61

1

2

3

4

10

7

13

5

11

8

14

6

12

9

15

16

17

23

20

26

18

24

21

19

25

22

67

64 70

62 68

65 71

63 69

66 72

27

28

29

30

33

31

34

32

DYNAMIC WEST LOOP NEIGHBORHOOD

PUBLICAN

PARLOR PIZZA

AU CHEVAL

SOHO HOUSE

DIVVY BIKE SHARE

THE AVIARYMOMOTARO

ARTOPOLISGIRL & THE GOAT

GREEN STREET SMOKED MEATS

BAR SIENNA

FLOYD’S 99 BARBERSHOP

MARIANO’S FRESH MARKET

NEWLY RENOVATED MORGAN CTA STATION

WHOLE FOODS

DEVELOPMENT MILESTONES4 Zoning: Fully entitled and approved.

4 Architecture: Fully designed building with 100% DD drawings.

4 GMP: Fully negotiated.

4 Financing: Fully executed and negotiated JV with USAA to proceed on a spec basis.

4 Debt: Fully executed development agreement with Bank of the Ozarks, a $9.4 billion, 120 year-old financial institution that has over 1,600 employees nationwide to provide 100% construction financing.

4 Pre-Leasing Requirement: 0% (Speculative Construction).

4 Permitting: All site logistics approved and foundation permit issued.

4 Closing/Construction Start: May 21, 2016.

Completion: 100% Completion end of 1st Quarter 2018.

Tenant Work: 4 to 6 months prior to completion.

CONSTRUCTIONPROGRESS PHOTOS ASOF July 17, 2017

DEVELOPMENT TEAM COMBINED PROJECTS

Since 2010, White Oak Realty Partners andCA Office have developed or aquired over 2.5 billion square feet in office properties.

USAA• Highest possible ratings for financial strength from all three major credit rating agencies

A.M. Best, Moody’s and Standard & Poor’s; • Strong and growing with over 11 million members; Over $220 billion in AuM

USAA REAL ESTATE COMPANY• Formed in 1982 as the real estate investment management arm of USAA• Approximately $15 billion owned & managed diversified real estate portfolio • Open-End, Private Funds, and Separate Account Investments • Co-Investment with over 60 foreign and domestic institutional partners • Over 60 million square feet of investment properties• Eight offices in major metropolitan markets throughout the United States and one office in

Europe• Focused on enhancing value through ownership, leasing, asset positioning, operating cost

reduction, and development strategies for core and value-add accounts• Reputation for service excellence, high tenant retention• Extensive development expertise • Winner of the “Energy Star Sustained Excellence Award” for the past 13 years

USAA REAL ESTATE TEAMReal estate and management professionals with extensive experience in all facets of the industry focused on delivering timely and cost effective solutions that add value for clients.

For leasing information contact:

Tom SalettaWhite Oak Realty [email protected]

John DempseyChief Operating Officer/Principal CA Ventures / Vanderbilt [email protected]