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ASSET MANAGEMENT & LEASING SERVICES

CHICAGO - NEW YORK www.mbres.com


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CLOSER LOOK

Manage more than 14 million square feet of property nationwide | Diverse client base includes institutional clients, private investors and governmental entities | We approach each asset from an owner’s perspective, viewing each project not only as a physical structure, but as an asset whose financial value must be optimized | We apply an entrepreneurial management style to each asset, continually developing tailored initiatives to enhance value


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ASE STUDIES

CITIGROUP CENTER Completed sophisticated security system upgrades, handling more than 110,000 tenants, visitors and messengers per day |

Implemented a $10 million renovation project aimed at improved wayfinding and minimizing

tenant and visitor inconvenience associated with heightened security measures | Implemented no-cost operations modification of HVAC system during non-building holidays and weekends for an annual savings of $76,000 | Maintained operating expenses at a 2% average increase over the past 10 years | LEED-certified; sustainable measures provide annual savings $0.34/SF

MICHIGAN PLAZA Planned/implemented a $10 million lobby/plaza renovation and fire/life safety systems enhancement including a fire alarm system upgrade and surveillance system; ADA voice/strobe system; security/visitor registration desk; and implementation of employee photo identification cards | Procured electricity prior to ComEd utility auction (projected electricity rate increase of 30% to 50%) for significant annual savings | Negotiated new cleaning contract for an annual savings of $800,000, and improved quality and service | Earned ENERGY STAR designation; achieved LEED Gold certification


200 WEST JACKSON Performed due diligence/underwriting and executed debt service/financing services for ownership | Repositioned from owner-occupied to multi-tenant | Completed a major elevator modernization and lobby renovation, which in cl u ded t h e cr eat ion of 4,000 squ ar e feet of r en t abl e r et ail space; cr eat in g an addit ion al $2.7 m il l ion in val u e | I m pl em en t ed an aggr essive m ar k et in g cam paign t h at h as su ccessfu l l y in cr eased t h e bu il din g’s occu pan cy r at es | Earned ENERGY STAR designation

RICHARD J. DALEY CENTER Entered into an Energy Performance Contract, implementing eight conservation measures guaranteed to save $9.1 million over 15 years and create more than 150 jobs | Procured new service contracts with vendors saving more than $200,000 over the next 3 years | Implemented no-cost modification of shutting off boilers (summer evenings; weekends) for reduced consumption and costs | Implemented no-cost modification to use perimeter induction units as radiators only and with fans off during unoccupied periods for reduced | Achieved LEED-Silver certification for Existing Buildings


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EASING ACCOMPLISHMENTS

MICHIGAN PLAZA Leased 540,000 RSF last 24 months; notable transactions include: Cramer Krasselt (76,000 RSF), Omnicom Group (81,000 RSF expansion), Cannon Design (60,000 RSF), Gannett Co. (50,000 RSF), American Cancer Society (35,000 RSF) and Chicago Community Trust (26,000 sf) | 2012 Completed 29 leases totaling 331,000 RSF including 174,000 sf of renewals and 157,000 sf of new and expansion deals resulting in positive absorption of over 90,000 sf. | Increased occupancy from 80% to 90% compared to peer group (East Loop Class B) 75.6% occupancy. Peer group absorption only 23,000 sf (net of Michigan Plaza 90,000 sf absorption) | Constructed and successfully leased 150,000 RSF of spec suites ranging from 1,500 to 5,000 RSF. Average lease up within t h r ee ( 3) m o n t h s o f del i v er y an d at co s t s av i n gs t o o wn er o f appr o xi m at el y 10% o v er t ypi cal o n e - o f f transaction. Build out is general office space with long term utility. This program has been so successful, Michigan Plaza is delivering 35,000 more SF of spec suites in 2013 | 2007 completed $10 million building renovation including the public plaza, fire/life/safety & security systems, elevator modernization, frameless glass entrance with signature red wave canopy | Awarded LEED Gold certification in March 2012.


CITIGROUP CENTER From 2010 – 2012 leased over 567,000 RSF; notable transaction include: AIG (75,000 RSF); Acquity Group (65,000 RSF); NAVTEQ (37,414 RSF); Performance Trust (31,000 RSF) | 2012 completed 17 leases totaling 279,079 RSF including 241,532 of new and expansion transactions resulting in positive absorption of approximately 90,000 sf | Increased occupancy from 80% to 91% compared to peer group (West Loop Class A) 85.1% occupancy | Recently completed a $10.2 million lobby renovation addressing the 1st, 2nd and 3rd floor lobbies, multi-tenant corridors and food court. The renovation included a new security command center with state-of-the-art cameras and controls, new security turnstiles for controlled access, new visitor center, reception and concierge desks | Awarded LEED Gold Certification in April 2010

181 WEST MADISON During the previous 60 months leased in excess of 900,000 SF including more than 250,000 SF during last 24 months with the largest lease being an 89,000 SF renewal for Quantitative Risk Management | More than 50% of building leased beyond 2020 | Nearly 70% of building leased to high-credit tenants (e.g. Northern Trust, The Marmon Group, Societe Generale and US Government) | MB Real Estate has maintained leasing & management through four (4) different ownership changes

30 WEST MONROE Hired January 2012 to lease 50% occupied boutique central loop office building | Created and implemented aggressive marketing campaign to re-introduce a very special building to the marketplace | During the initial twelve (12) months on the assignment we leased approximately 100,000 SF, increasing occupancy by more than 40% | Increased achieved rental rates by 20%


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