Green Exchange Presentation

Green Exchange 2545 W. Diversey Avenue

Green Exchange Concept� Country’s first all green business community

� LEED Platinum renovation

� Leased to businesses & organizations that are advancing green initiatives

� Co-locating with like minded businesses creates powerful synergies

� GX is designed as a platform to help make tenants more successful

What is a Green Business?

Sample Green Businesses

EngineeringJohnson ControlsGeneral Electric

InsuranceHumana

EnergyExelonVestas

FinancialCalvertCCX

LawJenner & Block

MarketingLeo Burnett

Architectural & DesignGensler

ConstructionLeopardo

EducationCity Colleges of Chicago

How will Green Exchange drive tenant success?

� Business synergies with Co-Tenants

� Epicenter of green economy in Mid-west

� Exposure – media & signage

� Ability to attract & retain employees

� Positive affects of the LEED Platinum building on employee productivity

Green Exchange Press

Signage

Attracting

Employees

92% of young workers today

want to be employed at an

Environmentally Friendly

Company

Monster Track - 2007 survey

Value of a LEED Building

Studies indicate that locating in a LEED

Certified building can increase

employee productivity by as much as

15%!

Harvard Business Review

Value of a LEED Building

Assumptions Made

SF Office Space 5,000  

Employees 20  

Average Salary $50,000  

Annual Payroll $1,000,000  

Annual Increase in Productivity  

% Increase Payroll Equivalent Per SF of Office Space

1% $10,000 $2.00

2% $20,000 $4.00

3% $30,000 $6.00

4% $40,000 $8.00

5% $50,000 $10.00

Building Layout� 4 Stories + 5th Floor Penthouse

� 1st & 2nd floors retail, showroom, & exhibit space

� Floors 3,4,&5 - 135,000 SF office space

� Minimum office size 2,500 SF

� Maximum contiguous office 30,000 SF

• With 20X20 private patio

LEED Platinum Design Features

� Excellent Indoor Air Quality

� Low Toxin Materials

� Maximized Natural Light

� Green Roof

� State the Art Energy Efficient Systems

� Solar Thermal & Photovoltaic

� Green Tenant Guidelines

(LEED certified interiors not required)

Green Exchange Details� Loft style spaces – 13.5 ft ceilings

� Windows – 10’X 20’

� Column spacing – 20 ft on center

� Fiber to the building

� HVAC – medium pressure loop stubbed to space

� Shell condition starting January 2009

� Building occupancy May 2009

Transportation

� 2 Bus lines that connect directly to Blue, Brown, & Red line trains

� Shuttle bus to Clybourn Metra

� Bike Room & Showers

� Shared Car Services

� Internal Executive Parking

� 500+ Car Garage (2 blocks)

Green Exchange 2545 W. Diversey Avenue

Tax Incentives

� Class L

– Taxes are 58% less than a traditional building

� Enterprise Zone

– Permanent Fixtures can be purchased Tax Free

Economics

� 3rd & 4th Floor Office - $24.00 gross with a base year

� Base Year Tax Estimate $2.61

� Base Year Operating Expenses Estimate $4.07

� Shell + $50 psf TI (subject to tenant’s credit)

� Rent Abatement – commensurate with lease term & tenant credit

� Market Commissions ($1.25 psf)

Developer

� Baum Development

� Principles – David & Douglas Baum

� 20 years of experience

� 90 projects across the country

� Multiple Historic Preservation Excellence and Good Neighbor Awards

� Long-term owners

Grow Exponentiallywww.greenexchange.com

Phil Baugh | 312.275.3102phil@greenexchange.com

Building Amenities� 8,000 SF Courtyard Garden

� Full service business center

� On-site restaurant and catering services

� Shared conference rooms with state of the art AV capabilities

� High-speed Internet access

� I-Go car sharing services

� On-site parking

Signage

Signage

Stacking Plans

Attracting

Employees

92% of young workers today

want to be employed at an

Environmentally Friendly

CompanyMonster Track - 2007 survey