December 2009 Mirvac Industrial Trustcdn2.blocksassets.com/assets/mirvac-funds/mirvac...Investment Portfolio Overview 1 Property Portfolio 3 Chicago Market Overview 8 McHenry County

Investment Portfolio Summary

Mirvac Industrial Trust December 2009

Investment Portfolio Overview 1Property Portfolio 3

Chicago Market Overview 8

McHenry County1750 South Lincoln Drive, Freeport, IL 10308 South Division Street, Harvard, IL 11875 West Diggins Street, Harvard, IL 12

Lake County28170 North Keith Drive, Lake Forest, IL 133145 Central Avenue, Waukegan, IL 143849–3865 Swanson Court, Gurnee, IL 151100 Lakeside Drive, Gurnee, IL 161810 Northwestern Drive, Gurnee, IL 17620 South Butterfield Road, Mundelein, IL 18

Northeast Cook County5990 West Touhy Avenue, Niles, IL 19

Northwest Cook County3602 North Kennicott Avenue, Arlington Heights, IL 201301 Tower Road, Schaumburg, IL 211605 Penny Lane, Schaumburg, IL 221665 Penny Lane, Schaumburg, IL 23514–532 Hicks Road, Palatine, IL 24900 West University Drive, Arlington Heights, IL 25

North Kane County1111 Bowes Road, Elgin, IL 26

North DuPage County800–850 Regency Drive, Glendale Heights, IL 27

O’Hare1445–1645 Greenleaf Avenue, Elk Grove Village, IL 281796 Sherwin Avenue, Des Plaines, IL 291850 Greenleaf Avenue, Elk Grove Village, IL 302600 Elmhurst Road, Elk Grove Village, IL 31850 Arthur Avenue, Elk Grove Village, IL 32712 North Central Avenue, Wood Dale, IL 33

Near West Suburbs100 West Whitehall Drive, Northlake, IL 341900 North 5th Avenue, River Grove, IL 35

West Suburbs342–346 Carol Lane, Elmhurst, IL 36200 South Mitchell Court, Addison, IL 375101 Darmstadt Road, Hillside, IL 38

Far West Suburbs1020 Frontenac Road, Naperville, IL 391880 Country Farm Road, Naperville, IL 402727 West Deihl Road, Naperville, IL 41

Southwest Suburbs6000 West 73rd Street, Bedford Park, IL 426510 West 73rd Street, Bedford Park, IL 436558 West 73rd Street, Bedford Park, IL 446600 River Road, Hodgkins, IL 456751 South Sayre Avenue, Bedford Park, IL 467200 South Mason Avenue, Bedford Park, IL 479700 Harlem Avenue, Bridgeview, IL 487447 South Central Avenue, Bedford Park, IL 49

Far Southwest Suburbs625 Willowbrook Center Parkway, Willowbrook, IL 50

City South900 East 103rd Street, Chicago, IL 51

South Suburbs11601 South Central Avenue, Alsip, IL 5213040 South Pulaski Avenue, Alsip, IL 5316750 Vincennes Road, South Holland, IL 5421399 Torrence Avenue, Sauk Village, IL 555619–5625 West 115th Street, Alsip, IL 56

Joliet Area21705–21707 West Mississippi Street, Elwood, IL 5727413 South Baseline Road, Elwood, IL 58

Northwest IndianaEC VI–4507 Columbia Avenue, Hammond, IN 59EC VI–4531 Columbia Avenue, Hammond, IN 60

Kenosha/Racine Counties8100 100th Street, Pleasant Prairie, WI 618200 100th Street, Pleasant Prairie, WI 62

MilwaukeeW165 N5830 Ridgewood Drive, Menomonee Falls, WI 635110 South 6th Street, Milwaukee, WI 64525 West Marquette Avenue, Oak Creek, WI 6511100 West Silver Spring Road, Milwaukee, WI 661500 West Zellman Court, Milwaukee, WI 67301 East Vienna Avenue, Milwaukee, WI 686400 West Enterprise Drive, Mequon, WI 696600 North Industrial Road, Milwaukee, WI 707620 South 10th Street, Oak Creek, WI 71N53 W24700 Corporate Circle, Sussex, WI 72

Grand Rapids5450 Kraft Avenue, Grand Rapids, MI 73

Directory 74

Contents

Investment Portfolio Overview

Key Statistics

Overall vacancy of the Portfolio has increased to >15.9 per cent at 31 December 2009 from 15.6 per cent at 30 June 2009.

The Portfolio’s passing rental income is US$3.56 >per square foot.

The Po > rtfolio’s weighted average lease expiry is 4.3 years.

The tenant retention rate for the Trust has been >75 per cent since the Trust’s IPO in May 2005.

Valuations

31 independent revaluations were undertaken in >the six month period to 31 December 2009. Together with Internal Directors’ revaluations, the total portfolio1 value decreased by US$21.9 million, down 5.0 per cent on their 30 June 2009 book value.

Weighted average capitalisation rate of the Portfolio >as at 31 December 2009 is 8.92 per cent based on the most recent independent and directors’ valuations.

1 On a like-for-like asset basis.

Lease Expiry by Area

At 31 December 2009

At 30 June 2009

1 Month to month license agreements.

15.6%

8.8%

5.0%

13.0%

18.4%

22.6%

5.3%

11.3%

Vacant MTM1 2010 2011 2012 2013 Beyond2014

15.9%

3.6%6.3%

11.9%

22.2%

27.4%

1.9%

10.8%

Vacant MTM1 2010 2011 2012 2013 Beyond2014

1MIRVAC INDUSTRIAL TRUST INVESTMENT PORTFOLIO SUMMARY – DECEMBER 2009

2 MIRVAC INDUSTRIAL TRUST INVESTMENT PORTFOLIO SUMMARY – DECEMBER 2009

Geographic Diversification

The Portfolio contains 89 tenants spread across four markets and 19 sub-markets.

Portfolio by book value1

Wisconsin16.4%

Illinois80.7%Indiana

2.2%

Michigan0.7%

Top 10 tenants by gross income

Tenant % Gross income (annual)

Term remaining

(years)

Truserv Corporation 6.6 3.5

Rockwell Automation 5.2 4.8

Factory Card Outlet 4.8 9.0

DSC Logistics 4.7 1.5

APL Logistics 3.6 4.5

Innoware Paper 3.6 3.0

Nexus Distribution 3.3 4.6

City of Chicago 3.2 5.0

Newell Window Furnishings 2.9 3.5

Prairie Packaging 2.7 8.5

40.6 4.7

1 As at 31 December 2009.

2 December 2009 passing gross income annualised.

Tenant Diversification

The Portfolio is well represented across a range of industries.

Portfolio by gross income2

Wholesale Trade23.0%

Transportation,Communications,Electric, Gas, andSanitary Services

23.9%

Retail Trade8.9%

Manufacturing34.4%

Services7.1%

Other2.7%

Investment Portfolio Overview (continued)


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620 South Butterfield Road, Mundelein, IL

90

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290

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1 2

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12 1314

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O’HareInternational

Airport

General MitchellInternational Airport

0 6 123 9

MILES

MilwaukeeGrand Rapids

WISCONSIN

ILLINOIS

INDIANA

MICHIGAN

Chicago

Lansing

LEGENDGreater Chicago Region1 McHenry County2 Lake County3 Northeast Cook County4 Northwest Cook County5 North Kane County6 North DuPage County7 O’Hare8 City North9 Near West Suburbs10 West Suburbs11 Central Kane/DuPage County12 Far West Suburbs13 Southwest Suburbs14 Far Southwest Suburbs15 City South16 South Suburbs17 Joliet Area18 Northwest Indiana19 Kenosha/Racine CountiesMilwaukee20 MilwaukeeMichigan21 Grand Rapids

Investment Portfolio Overview (continued)


620 South Butterfield Road, Mundelein, IL

90

355

55

88

80

94

290

94

294

294 294

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90

90

80

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12 1314

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O’HareInternational

Airport

General MitchellInternational Airport

0 6 123 9

MILES

MilwaukeeGrand Rapids

WISCONSIN

ILLINOIS

INDIANA

MICHIGAN

Chicago

Lansing

LEGENDGreater Chicago Region1 McHenry County2 Lake County3 Northeast Cook County4 Northwest Cook County5 North Kane County6 North DuPage County7 O’Hare8 City North9 Near West Suburbs10 West Suburbs11 Central Kane/DuPage County12 Far West Suburbs13 Southwest Suburbs14 Far Southwest Suburbs15 City South16 South Suburbs17 Joliet Area18 Northwest Indiana19 Kenosha/Racine CountiesMilwaukee20 MilwaukeeMichigan21 Grand Rapids

MIRVAC INDUSTRIAL TRUST INVESTMENT PORTFOLIO SUMMARY – DECEMBER 2009 7


Chicago Market Overview

620 South Butterfield Road Mundelein, IL

Chicago industrial market — Update

The Chicago industrial market, as defined by CBRE, comprises 19 sub-markets (or zones) encompassing northeast Illinois, northwest Indiana and southeast Wisconsin. The following table provides a brief summary of the Chicago region’s industrial sub-markets as at 31 December 2009.

Chicago industrial sub-market overview as at 4Q 2009

Industrial sub-market

Gross building (sq ft)

Availability rate (%)

Vacancy rate (%)

YTD user sale & lease activity

(sq ft)

2009 Net absorption

(sq ft)

Under construction

(sq ft)

Average asking lease range

(US$/sq ft/yr)1

McHenry County (1) 19,140,869 13.0 12.9 233,843 (1,449,902) 0 $2.95 to $3.95

Lake County (2) 77,330,270 11.1 10.4 3,029,803 (710,223) 0 $3.00 to $5.95

NE Cook County (3) 61,850,184 7.1 6.4 1,425,984 (869,631) 0 $3.25 to $5.25

NW Cook County (4) 37,447,296 13.2 12.6 1,658,930 (302,739) 40,000 $4.05 to $4.80

N Kane County (5) 25,901,869 13.2 8.8 1,497,285 801,035 0 $3.70 to $4.50

N DuPage County (6) 30,794,704 13.9 10.9 2,185,885 (390,170) 0 $3.20 to $4.75

O’Hare (7) 110,183,486 12.7 11.2 5,442,141 (1,394,629) 0 $3.00 to $6.75

City North (8) 109,362,288 7.2 5.7 1,460,105 (1,406,958) 0 $2.00 to $7.00

Near West Suburbs (9) 102,169,401 11.5 9.1 2,359,823 (1,889,630) 0 $2.75 to $5.00

West Suburbs (10) 41,437,330 8.9 8.3 2,107,054 (1,073,360) 0 $3.50 to $5.50

Central Kane/DuPage (11) 36,694,967 11.6 10.3 1,369,558 (106,341) 13,623 $3.00 to $4.75

Far West Suburbs (12) 61,819,993 14.1 13.0 3,319,307 (1,245,187) 46,968 $2.95 to $4.75

Southwest Suburbs (13) 67,426,185 13.2 11.2 2,238,987 368,733 373,000 $2.75 to $4.50

Far SW Suburbs (14) 73,328,418 13.7 12.0 4,396,398 623,216 0 $2.95 to $4.95

City South (15) 140,914,684 8.8 7.3 2,971,629 236,291 0 $2.50 to $4.25

South Suburbs (16) 54,468,816 14.7 13.9 2,600,477 646,463 0 $3.00 to $4.50

Joliet Area (17) 49,324,904 17.5 17.0 4,395,078 2,975,270 0 $2.75 to $4.25

Metro subtotal 1,099,595,664 11.5 10.1 42,692,287 (5,187,762) 473,591

Northwest Indiana (18) 29,550,510 11.0 10.9 749,558 (169,800) 0 $2.50 to $4.50

Kenosha/Racine (19) 54,851,810 11.2 8.2 1,726,318 1,283,559 0 $2.50 to $4.25

Total 1,183,997,984 11.4 10.0 45,168,163 (4,074,003) 473,591

Source: CBRE.

1 Average asking net lease rates represent industrial spaces of 50,000 square feet or larger.


Chicago is one of the primary transport distribution hubs of the US. As at 31 December 2009, due to the Chicago metropolitan area’s centralised location and extensive transportation system, the Metropolitan Chicago Industrial Market achieved the nation’s number two industrial base position with over 1.2 billion square feet behind Los Angeles Metro (Source: CBRE).

Its extensive transportation facilities give local firms ready access to national and international markets and suppliers.

Chicago’s industrial strength is broad based:

Chicago is the second largest industrial real estate >market in the US (by size), behind Los Angeles;

demand for industrial real estate in Chicago remains >strong. Chicago has become the major crossroad of the US’s global trade and, as a result, logistics have become a driving force in the Chicago industrial market in recent years and we anticipate this will continue in 2010;

10 interstate highways serve the metropolitan Chicago >area — 50 per cent of North American industry is within one day’s truck delivery;

primary railroad hub, with 14 freight rail lines and >11 trunk rail lines — 50 per cent of all US rail freight passes through Chicago’s yards; and

major international inland port, handling over 2 million >tonnes of cargo annually.

The vacancy rate in the Chicago metropolitan statistical area as at 31 December 2009 stood at 11.4 per cent, an increase of 20 basis points on 30 June 2009.

The largest industrial sub-markets in Chicago are City South, O’Hare and City North, which are generally the older, more established areas in and around the city. However, most of the leasing, sales and new development activity is taking place in the suburban sub-markets, mirroring the outward migration patterns of the population in general.

The following graph provides an historical trend of leasing activity in the Chicago metropolitan area industrial sub-market.

Vac

ancy

%

Availability rate

Source: CBRE

Rental rate

0

2

4

6

8

10

12

US

$ p

er sq

ft (ne

t)

0

1

2

3

5

4

3Q07

4Q071Q

082Q08

3Q08

4Q081Q

092Q09

3Q09

4Q09

Historical trend of sale and leasing activity – Chicago metropolitan area industrial sub-market


1750 South Lincoln Drive Freeport, IL

McHenry County

1750 South Lincoln Drive was purpose built for Newell Window Furnishing in 2001, a wholly owned subsidiary of Newell Rubbermaid.

The property is located within an area of new industrial development within the City of Freeport. The property forms part of the Lincoln Industrial Park. The park has approximately 110 acres of land.

Property StatisticsYear built 2001

Property type Industrial

Building construction Pre-cast concrete

Total GLA (sf) 499,200

Total industrial GLA (sf) 486,700

Total office GLA (sf) 12,500

Site area (acres) 38.0

Site coverage (%) 30.2

Loading facilities 35 exterior docks

Average clearance (ft) 32

Passing rent (US$/sf) 2.46

Market rent (US$/sf) 2.50

Occupancy (%) 100

Weighted lease term (years)1 3.5

Acquisition and Valuation Summary2

Purchase price (US$ million) 14.5

Purchase price (US$/sf) 29.0

Yield (%) 13.3

Valuation (US$ million) 9.6

Valuation (US$/sf) 19.2

Capitalisation rate (%) 10.25

Terminal yield (%) 11.00

Discount rate (%) 12.25

Land value (US$ million) 0.9

1 By income.

2 Based on 100 per cent of property.

0

20

40

60

80

100

%

Vacancy Yr 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8+

Tenant name SIC Division SF Revenue Lease expiry WALE (%) date (years)

Newell Window Furnishings Wholesale Trade 499,200 100 Jun 2013 3.5

Site Map

Lease Expiry Profile1


308 South Division Street Harvard, IL

McHenry County


TruServ Corporation Wholesale Trade 1,031,700 87 Nov 2013 3.9

TruServ Corporation Wholesale Trade 162,950 13 Nov 2010 0.9

Vacant Vacant 137,077 N/A Vacant —



Building construction Concrete blocks and metal

Total GLA (sf) 1,331,727

Total industrial GLA (sf) 1,324,248




Loading facilities Dock high and drive-in entrances, each with overhead doors

Average clearance (ft) 20–30



Occupancy (%) 90





Yield (%) 15.4







1 By income.


The property is located 75 miles northwest of the Chicago Central Business District located in an older area with much of the residential development occurring in the 1950’s and 1960’s. Primary access to the property is via the Interstate Highway 90 and Highways 23 and 173.

The major tenant is TruServ Corporation which is a large co-operative of individual franchise owners and provides business guidance services such as marketing, technological and training. The most known brand of the group is True Value Hardware.

The primary lease to TruServ Corporation expires in November 2013 and therefore provides a steady tenancy for the property.

0

20

40

60

80

100

%



Site Map


875 West Diggins Street Harvard, IL

McHenry County

The property is located on the edge of Harvard, Illinois and has good access to Highway 173 and Highway 14.

The property is fully leased to Consolidated Container Company, a leading supplier of rigid plastic packaging.

Property StatisticsYear built 1952, Renovated in 1997


Building construction Insulated metal/concrete






Loading facilities 11 exterior docks 1 drive-in door approx 860 parking spaces




Occupancy (%) 100





Yield (%) —0.2







1 By income.



Consolidated Container Company Manufacturing 126,304 100 Dec 2010 11.0

0

20

40

60

80

100

%


Site Map



28170 North Keith Drive Lake Forest, IL

Lake County

The property is located in an established business park known as the Bradley Business Centre and is approximately 30 miles from the Chicago Central Business District. Primary access to the property is via Tri-State Tollway (also known as Interstate 94) which connects the area to the Chicago CBD and Milwaukee.

The property is leased to Popcorn Factory which was acquired by 1-800-flowers.com in May 2002. Popcorn Factory also tenants an adjoining property that is not owned by the Trust.



Building construction Concrete block






Loading facilities 8 exterior docks 1 drive-in door

Average clearance (ft) 21.0



Occupancy (%) 100





Yield (%) 10.4







1 By income.


0

20

40

60

80

100

%



Popcorn Factory Manufacturing 77,924 100 Aug 2010 0.7

Site Map



3145 Central Avenue Waukegan, IL

Lake County

The property is located in the village of Waukegan, in eastern Lake County, approximately 40 miles north of the Chicago Central Business District. The primary commercial thoroughfare includes Green Bay Road, a major commercial thoroughfare in the area consisting of various uses.

Primary access to the neighbourhood is provided by Interstate 94 (Tri-State Tollway), I-94 connects Waukegan to the Chicago Central Business District to the south and Milwaukee, Wisconsin, to the north.









Loading facilities 12 exterior docks with levelers 9 interior docks with levelers 1 drive-in door




Occupancy (%) 20





Yield (%) –2.7







1 By income.



Stone Container Corp Manufacturing 57,1 12 100 May 2011 1.4





0

20

40

60

80

100

%


Site Map



3849–3865 Swanson Court Gurnee, IL

Lake County

The property is located 35 miles north of the Chicago Central Business District and the surrounding communities include Waukegan, Park City Grayslake, Wadsworth and Beach Park. The property is in an area which has a combination of industrial, commercial and residential properties. The area is generally considered to be well developed, although there are opportunities for development with vacant land available.

Primary access is via the Interstate 94 which is two miles from the property where a full service interchange is afforded with Illinois Route 132.



Building construction Masonry and metal panel






Loading facilities 10 interior docks 1 drive-in door




Occupancy (%) 81





Yield (%) 10.3







1 By income.



Woodland Foods Manufacturing 50,000 64 Jul 2011 1.6

Little Lady Foods Wholesale Trade 30,700 36 May 2012 2.4


0

20

40

60

80

100

%


Site Map



1100 Lakeside Drive Gurnee, IL

Lake County

The property is located within an industrial office park bordered by highways and residential areas. It has excellent access to major highways.

1100 Lakeside Drive was built in 1989 and renovated in 2003. Caremark, Inc. fully occupies the property with a lease until May 2016. Caremark is one of the largest pharmaceutical services companies in the US.



Building construction Brick






Loading facilities 4 interior docks 2 drive-in docks 58 parking spaces




Occupancy (%) 100





Yield (%) 11.6







1 By income.



Caremark, Inc Wholesale Trade 40,000 100 May 2016 6.4

0

20

40

60

80

100

%



Site Map


1810 Northwestern Drive Gurnee, IL

Lake County

The property is located in an industrial area that is surrounded primarily by residential areas. It is in good proximity to major highways in the area, including Interstate 94.

The building covers 122,712 square feet of gross lettable area with 10 interior doors, six rail doors and one drive-in door.



Building construction Painted masonry






Loading facilities 10 interior doors 6 rail doors 1 drive-in door




Occupancy (%) 66





Yield (%) 11.7







1 By income.



Wilcorp Enterprises Manufacturing 56,400 67 Mar 2016 6.3

BASF Construction Chemicals (Degussa) Manufacturing 24,480 33 Apr 2010 0.3


0

20

40

60

80

100

%



Site Map


620 South Butterfield Road Mundelein, IL

Lake County

The property is located in an area of light industrial and residential developments. It has close access to Interstate 94.

The property is fully leased to Corcom/Tyco Electronics who are one of the world’s largest passive component manufacturers, with over 250,000 employees worldwide. The company specialises in a range of electronics to state-of-the-art fire and security systems.









Loading facilities 4 drive-in doors 103 parking spaces




Occupancy (%) 100





Yield (%) 12.6







1 By income.



Corcom/Tyco Electronics Manufacturing 24,237 100 Dec 2010 1.0

0

20

40

60

80

100

%



Site Map


5990 West Touhy Avenue Niles, IL

Northeast Cook County

The property is located 13 miles southwest of the Chicago Central Business District (30 minutes) and a nine mile drive to O’Hare International Airport. The property is situated in an older area and is mainly residential. The property has prime access to the major routes — Interstate Highway 90 and 94.

The property has four tenants with 94 per cent of the lease area leased until 2011. The major tenant, Arrow Financial Services, provides accounts receivable and collection services and has been in business since 1961.



Building construction Brick and metal






Loading facilities 12 docks 1 drive-in door




Occupancy (%) 94





Yield (%) 11.8







1 By income.



Arrow Financial Services Services 84,076 47 Jul 2013 3.6

The Garvey Group Manufacturing 79,677 16 Jul 2018 8.6

American Science and Surplus Wholesale Trade 69,056 22 Jan 2013 3.1

SKM Ventures Manufacturing 51,651 14 Jul 2011 1.6

Harris Trust N/A 1 1 Jun 2014 4.5


0

20

40

60

80

100

%



Site Map


3602 North Kennicott Avenue, Arlington Heights, IL

Northwest Cook County

The property is located about 35 miles northwest of the Chicago Central Business District (60 minutes) and is a 15 mile drive to O’Hare International Airport. The property is surrounded by modern development and is a mix of commercial and residential tenants. Primary access to the property is provided by the Interstate Highway 94.



Building construction Tilt-up concrete










Occupancy (%) 100





Yield (%) 10.2







1 By income.



Arens Manufacturing 94,300 100 Jan 2019 9.1

0

20

40

60

80

100

%



Site Map


1301 Tower Road Schaumburg, IL


The property is located within an area of office and industrial type properties in very close proximity to the intersection of Interstates 90 and 290.

HSBC Card Services will fully occupy the 50,400 square foot building with their lease expiring in December 2012.









Loading facilities N/A




Occupancy (%) 100





Yield (%) 13.4







1 By income.



HSBC Card Services Services 50,400 100 Dec 2012 3.0

0

20

40

60

80

100

%



Site Map


1605 Penny Lane Schaumburg, IL


The property is located within an area of office and industrial buildings. It is located in close proximity to Interstate 90 and Interstate 290.

1605 Penny Lane is the headquarters for a large manufacturer, Sodick, Inc. Sodick produces EDM machines which are used for the production of dies and molds and various applications which cannot be produced by standard machining methods.

The property’s proximity to the O’Hare International Airport is ideal for Sodick as the headquarters houses a $5 million parts inventory that ensures consumable and replacement parts are readily available for their customers.













Occupancy (%) 100





Yield (%) 11.2







1 By income.



Sodick, Inc Manufacturing 27,742 100 Aug 2011 1.7

0

20

40

60

80

100

%



Site Map


1665 Penny Lane Schaumburg, IL


The property is located within an area of office and industrial buildings. It is located in close proximity to Interstate 90 and Interstate 290.

The property is fully leased to Sandvik, a leading global industrial group until July 2019.













Occupancy (%) 100





Yield (%) 9.0







1 By income.



Sandvik Manufacturing 20,757 100 Jul 2019 9.6

0

20

40

60

80

100

%



Site Map


514–532 Hicks Road Palatine, IL


The property is located in an area of commercial and residential development, close to Route 53 which provides access to Interstate 290 and other Chicago area expressways.



Building construction Masonry and brick










Occupancy (%) 100





Yield (%) –12.2







1 By income.



BCI Manufacturing 71,700 100 Jun 2016 6.5

0

20

40

60

80

100

%



Site Map


900 West University Drive Arlington Heights, IL


The property is an office and industrial development with good access to Highway 53. It is located 29 miles to the northwest of the Chicago CBD.

This property is fully leased to Teleflex Medical until June 2018. Teleflex is a medical manufacturing firm, specialising in disposable products for respiratory care and anaesthesia. 900 West University Drive is one of Teleflex’s main distribution centres that service a vast network of over 6,400 distributors around the world.













Occupancy (%) 100





Yield (%) 8.9







1 By income.



Teleflex Medical Manufacturing 86,254 100 Jun 2018 8.5

0

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Site Map


1111 Bowes Road Elgin, IL

North Kane County

The property is located within an industrial and office area in the North Kane County sub-market. This property is one of the few that has extra area surrounding the building.

US Can Corporation, a leading supplier of metal and plastic containers, fully occupies the 144,578 square foot property until March 2017.



Building construction Pre-cast concrete walls






Loading facilities 2 interior docks 7 exterior docks 1 drive-in door




Occupancy (%) 100





Yield (%) 10.9







1 By income.



United States Can Corporation Wholesale Trade 144,578 100 Mar 2017 7.3

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Site Map


800–850 Regency Drive Glendale Heights, IL

North DuPage County


Site Map

The subject property is located in the neighbourhood of Glendale Heights, situated in the north-eastern section of DuPage County, approximately 28 miles west of Chicago’s Central Business District.

The property is located in a predominantly industrial area that flanks Army Trail Road and Glen Ellyn Road. The area is developed with primarily warehouse and distribution buildings generally ranging in size between 40,000 and 150,000 square feet. The primary commercial thoroughfares include Army Trail Road, Bloomingdale Road and North Avenue, which provides access to Interstate 355.



Building construction Brick and masonry






Loading facilities 4 interior docks




Occupancy (%) 79





Yield (%) 10.9



Capitalisation rate 9.25




1 By income.



Universal Technical Institute Services 21,094 38 Jun 2010 0.5

Ford Motor Company Services 17,109 62 Sep 2013 3.8


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Site Map

1445–1645 Greenleaf Avenue, Elk Grove Village, IL

O’Hare

The property is located in a predominantly industrial area northwest of O’Hare International Airport. The area is a mature industrial district with a majority of properties possessing railroad access due to the grid pattern of roadways and railroad right-of-ways.

The primary commercial thoroughfare is the Kingery Highway/Busse Road (Route 83) which extends north and south, providing access to Interstate 290 to the south. The commute to the Chicago Central Business District is about 45 minutes.













Occupancy (%) 68





Yield (%) 3.4







1 By income.



LCSJ Enterprises Manufacturing 24,000 25 Jul 2012 2.6

Rational USA, Inc Wholesale Trade 24,000 27 Jul 2011 1.6

Interior Stone of Midwest Wholesale Trade 18,000 19 May 2011 1.4

Lehmen, Inc Manufacturing 18,000 15 Mar 2014 4.2

High Point Delivery Freight Service Transportation, Communications, 18,000 15 Nov 2011 1.9 Electric, Gas, and Sanitary Services




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1796 Sherwin Avenue Des Plaines, IL

O’Hare

The property is located 17 miles northwest of the Chicago CBD (30 minutes) and is approximately nine miles to O’Hare International Airport. Primary access to the property is via Interstate Highway 90 connecting it to the City of Chicago while the Interstate 94 leads to Wisconsin.

The property is 44 per cent leased to National Equipment Services (NES) until February 2012. NES is a leading equipment rental business with over 130 locations in 34 states in the US and Ontario, Canada.









Loading facilities 13 dock high loading entrances 2 drive-in doors




Occupancy (%) 100





Yield (%) 6.1







1 By income.



National Equipment Services Services 41,795 57 Feb 2012 2.2

Leggett & Platt Incorporated Manufacturing 53,740 43 Jan 2015 5.1

Site Map


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Site Map

1850 Greenleaf Avenue Elk Grove Village, IL

O’Hare

The property is located in a predominantly industrial area northwest of O’Hare International Airport. The area is a mature industrial district with a majority of properties possessing railroad access due to the grid pattern of roadways and railroad right-of-ways.

The primary commercial thoroughfare is the Kingery Highway/Busse Road (Route 83) which extends north and south, providing access to Interstate 290 to the south. The commute to the Chicago Central Business District is about 45 minutes.









Loading facilities 8 exterior truck docks




Occupancy (%) 100





Yield (%) 10.3







1 By income.


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Wilson UTC Transportation, Communications, 58,627 100 Jan 2011 1.1 Electric, Gas, and Sanitary Services


2600 Elmhurst Road Elk Grove Village, IL

O’Hare


Site Map

The property is located in an industrial area next to O’Hare International Airport with excellent access to Interstates 90, 290 and 294.













Occupancy (%) 100





Yield (%) –3.0







1 By income.



Moss Manufacturing 105,000 100 Apr 2020 10.3

Office

2600 Elmhurst Road

Delta Lane

6ExteriorDocks

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Site Map

850 Arthur Avenue Elk Grove Village, IL

O’Hare

The property is located in an industrial area to the northwest of O’Hare International Airport. It has access to Interstate 90 and Interstate 290.

850 Arthur Avenue is fully leased to Sterling Hydraulics, a designer and manufacturer of hydraulic cartridge valves, solenoid valves and proportional solenoid valves.













Occupancy (%) 100





Yield (%) 8.8







1 By income.



Sterling Hydraulics, Inc Manufacturing 42,490 100 Jan 2011 1.1

NORTH

850 Arthur Ave.

Office

Warehouse

Expansion 38,510 S.F.

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712 North Central Avenue Wood Dale, IL

O’Hare


Site Map

The property is located in a primarily commercial and industrial municipality.

Interstate 290/State Highway 53, the Elgin-O’Hare Expressway and Irving Park Road (Route 19) are all in the immediate vicinity.













Occupancy (%) 100





Yield (%) 12.4







1 By income.


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Phoenix Transportation, Communications, 56,897 100 Jun 2010 0.5 Electric, Gas, and Sanitary Services


100 West Whitehall Drive Northlake, IL

Near West Suburbs


Site Map

The property is located in an established industrial area consisting of warehouse and light manufacturing properties.

100 West Whitehall is partly occupied by Champion Transportation, a logistics business that has national coverage in the hauling and storage business.



Building construction Steel exterior walls










Occupancy (%) 100





Yield (%) 4.9







1 By income.



Champion Transportation, Inc Transportation, Communications, 161,747 63 Dec 2015 6.0 Electric, Gas, and Sanitary Services

Farmer Brothers Co Transportation, Communications, 89,837 36 May 2019 9.4 Electric, Gas, and Sanitary Services

100 W. Whitehall Northlake WOLF RD.

NORTH

13 E.D.s

D.I.

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D.I.

D.D.I.

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6 E.D.s 8 E.D.s

E.D. = Exterior Docks D.I.D. = Drive-in Door

Unit 118,576 SF

Unit 3143,171 SF

Unit 289,837 SF

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1900 North 5th Avenue River Grove, IL

Near West Suburbs


Site Map

River Grove is located just three miles south of O’Hare International Airport. The surrounding communities include Franklin Park to the north, Melrose Park and Stone Park to the south, Elmwood Park to the east and Northlake to the west. River Grove is about 14 miles west of the Chicago Central Business District.

The River Grove property is fully leased to Bazaar, Inc., a group specialising in the redistribution of surplus wholesale products to the retail market.



Building construction Masonry






Loading facilities Dock high loading entrances with overhead doors




Occupancy (%) 100





Yield (%) 11.3







1 By income.



Bazaar, Inc Retail Trade 268,109 100 Sep 2016 6.8

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N. 5th

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Site Map

342–346 Carol Lane Elmhurst, IL

West Suburbs

The property is in a fully developed office and industrial area that has excellent access to Interstates 290, 294, 355 and the O’Hare International Airport.

342-346 Carol Lane is 100 per cent occupied. The manufacturing company, Semblex Corporation, occupies 70 per cent of the property and the remainder is leased to Fifth Third Bank, a financial services organisation.



Building construction Pre-cast concrete panels






Loading facilities 5 interior docks 2 drive-in doors




Occupancy (%) 100





Yield (%) 13.0







1 By income.



Semblex Corporation Manufacturing 47,861 51 Aug 2015 5.7

Fifth Third Bank Services 20,074 49 May 2010 0.4

2 In

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200 South Mitchell Court Addison, IL

West Suburbs


Site Map

The property is located within a primarily industrial area in close proximity to Interstates 355, 290 and Highway 64.

The asset is partly leased to Morton International. Morton International, is a leading producer of salt for grocery, water softening, ice control, agricultural and industrial uses.



Building construction Brick façade






Loading facilities 15 exterior docks 3 rail doors 3 drive-in doors




Occupancy (%) 35





Yield (%) 1.6







1 By income.



Morton International, Inc Wholesale Trade 52,849 91 Jul 2011 1.6

Nextel West Corp Transportation, Communications, 300 9 May 2011 1.4 Electric, Gas, and Sanitary Services


1 D.I.D

Office Office

52,849 SF

MITCHEL COURT

N

4 R a i l D o o r s

4 E.L.D.s

2 D.I.D.s

7 E . L . D . s

1 D

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99,351 SF

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Site Map

5101 Darmstadt Road Hillside, IL

West Suburbs

The property is located in a fully built-out light industrial park.

Due to the area’s central location, access to interstate highways and good supply of labour, the area should remain a good location for industrial uses.













Occupancy (%) 100





Yield (%) 10.3







1 By income.



MTH Wholesale Trade 46,054 76 Dec 2017 8.0

BPCAP Finance, Insurance, and Real Estate 12,000 19 Dec 2017 8.0

Image Services 3,000 5 Dec 2017 8.0

Vacancy Yr 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8+0

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Darmstadt Road


1020 Frontenac Road Naperville, IL

Far West Suburbs


Site Map

The property is located in Naperville, a predominantly industrial area in Western DuPage County with Kane County on its western border. The property is situated in an area that flanks the Elgin, Joliet and Eastern Railroad right-of-way, which is situated immediately west of the subject property. In general, the industrial uses in the subject neighbourhood are bounded by Shore Road to the east, North Aurora Road to the south and Diehl Road to the north. The industrial district is located just one mile south of Interstate 88.

The property will be leased to Presort Solutions until April 2013.



Building construction Pre-cast concrete and steel










Occupancy (%) 100





Yield (%) 8.7







1 By income.



Presort Solutions Transportation, Communications, 99,684 100 Apr 2013 3.3 Electric, Gas, and Sanitary Services

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1880 Country Farm Road Naperville, IL

Far West Suburbs

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The property is located in a predominantly commercial/industrial area that flanks the East-West Tollway (Interstate 88). The immediate area is almost completely developed with warehouse, distribution and light manufacturing buildings as well as offices, motels and restaurants.

WestfaliaSurge, Inc. is a manufacturer and wholesaler of dairy farm equipment, sanitation products and detergents.













Occupancy (%) 100





Yield (%) 13.7







1 By income.



WestfaliaSurge, Inc Manufacturing 162,000 100 Sep 2011 1.7

Site Map



2727 West Deihl Road Naperville, IL

Far West Suburbs

The property is located about 26 miles from the Chicago Central Business District (40 to 60 minutes) and 30 miles from O’Hare International Airport (40 to 60 minutes). The immediate area is surrounded by mostly warehouse, distribution and light manufacturing buildings. The transportation to the area is considered excellent with the Interstate 88 providing inter-suburban access and linking the area to other major interstates.

The tenant, The Factory Card Outlet, is a listed company providing discount merchandise including party supplies, greeting cards and gift wraps. Factory Card Outlet has been occupying the property since 1997.

The property has a significantly higher percentage of office finish which is uncharacteristic of a warehousing facility. The property has approximately nine acres of excess land which may provide a development or disposal opportunity.









Loading facilities 18 exterior docks 2 drive-in doors




Occupancy (%) 100





Yield (%) 8.8







1 By income.



Factory Card Outlet Retail Trade 440,343 100 Dec 2018 9.0

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6000 West 73rd Street Bedford Park, IL

Southwest Suburbs

Prairie Packaging currently occupy both 7200 South Mason Avenue and 6000 West 73rd Street being adjoining sites owned by the Trust. Prairie Packaging has invested more than US$10 million in site improvements at the adjoining assets.

The property is well located near Midway International Airport and within 1.5 miles from Interstate 294 (Tri-State Tollway), which provides linkgage to the state of Indiana to the south and the state of Wisconsin to the north.



Building construction Masonry and steel






Loading facilities 13 docks




Occupancy (%) 100





Yield (%) 10.0







1 By income.



Prairie Packaging Manufacturing 148,091 100 Jun 2018 8.5

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Site Map




Southwest Suburbs

The property is located in Bedford Park, an area dominated by industrial properties. Land usage within this area is mostly zoned for industrial-related uses with limited residential developments bound to designated areas outside the industrial strip.

The village of Bedford Park is on the outskirts of the City of Chicago and is served by Interstate 55 known as the Stevenson Expressway), travelling in a northwesterly/southeasterly direction. Access to the village from the Stevenson Expressway can be served by any of the four interchanges from the Expressway, including Cicero Avenue, Central Avenue, Harlem Avenue and 1st Avenue. The commute to the Chicago Central Business District is about 16 miles, or 30 minutes, depending on traffic volume.

The asset adjoins 6558 West 73rd Street which is another asset of the Trust. Both assets are 100 per cent occupied by Nexus Distribution.









Loading facilities 24 exterior docks 14 railcar doors 1 drive-in door




Occupancy (%) 100





Yield (%) –0.2







1 By income.



Nexus Distribution Transportation, Communications, 306,552 100 Nov 2014 4.9 Electric, Gas, and Sanitary Services

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Site Map




Southwest Suburbs

The property is located in Bedford Park, an area dominated by industrial properties. Land usage within this area is mostly zoned for industrial-related uses with limited residential developments bound to designated areas outside the industrial strip.

The village of Bedford Park is on the outskirts of the City of Chicago and is served by Interstate 55 (known as the Stevenson Expressway), travelling in a northwesterly/southeasterly direction. The Stevenson Expressway is accessible via any of the four interchanges, including Cicero Avenue, Central Avenue, Harlem Avenue and 1st Avenue. The commute to the Chicago Central Business District is about 16 miles, or 30 minutes, depending on traffic volume.

The asset adjoins 6510 West 73rd Street which is another asset of the Trust. Both assets are 100 per cent occupied by Nexus Distribution.



Building construction Block and metal



Total office GLA (sf) —







Occupancy (%) 100





Yield (%) 10.7







1 By income.



Nexus Distribution Transportation, Communications, 301,000 100 May 2014 4.4 Electric, Gas, and Sanitary Services

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Site Map



6600 River Road Hodgkins, IL

Southwest Suburbs

APL Logistics, a wholly owned subsidiary of Neptune Orient Lines (NOL) has leased this asset since 2004.

The property is located within an area of mature industrial development. The Hodgkins area is a cradle of tollways, freeways and major roads. The property is best served by the Interstate 55 (Stevenson Expressway).



Building construction Insulated metal and masonry






Loading facilities 36 interior docks 29 exterior docks 3 drive-in doors




Occupancy (%) 100





Yield (%) 9.9







1 By income.



APL Logistics Transportation, Communications, 520,410 56 Jun 2014 4.5 Electric, Gas, and Sanitary Services

APL Logistics Transportation, Communications, 70,000 33 Jun 2014 4.5 Electric, Gas, and Sanitary Services

APL Logistics Transportation, Communications, 40,000 11 MTM — Electric, Gas, and Sanitary Services

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Site Map



6751 South Sayre Avenue Bedford Park, IL

Southwest Suburbs

The property is located nearby Bedford Park and is leased to Superior Mailing. The building offers considerable docking facilities, storage clearance with the close proximity of the Bedford Park Intermodal.



Building construction Masonry and steel










Occupancy (%) 100





Yield (%) 6.1







1 By income.



Superior Mailing Services 242,690 100 Jun 2014 4.5

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Site Map



7200 South Mason Avenue Bedford Park, IL

Southwest Suburbs

Prairie Packaging currently occupy both 7200 South Mason Avenue and 6000 West 73rd Street being adjoining sites owned by the Trust. Prairie Packaging has invested more than US$10 million in site improvements at the adjoining assets.

The property is well located near Midway International Airport and within 1.5 miles from Interstate 294 (Tri-State Tollway), which provides linkage to the state of Indiana to the south and the state of Wisconsin to the north.



Building construction Metal






Loading facilities 15 docks




Occupancy (%) 100





Yield (%) 9.2







1 By income.



Prairie Packaging Manufacturing 207,345 100 Jun 2018 8.5

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Site Map



9700 Harlem Avenue Bridgeview, IL

Southwest Suburbs

The property is located in the village of Bridgeview, which is situated in the south-western section of Cook County. In addition, Bridgeview is located in close proximity to Chicago’s Midway International Airport. The surrounding communities include Bedford Park, Chicago Ridge, Burbank and Justice, Summit and Hickory Hills.

Bridgeview is located approximately 20 miles to the south-west of the Chicago Central Business District.

The property has an internal crane which would be very attractive to tenants given the location and size of the building.



Building construction Pre-cast concrete and metal






Loading facilities 6 exterior docks 6 interior docks 1 interior rail dock 2 drive up entrances


Passing rent (US$/sf) Vacant


Occupancy (%) —

Weighted lease term (years)1 —




Yield (%) Vacant







1 By income.




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Site Map



7447 South Central Avenue, Bedford Park, IL

Southwest Suburbs

The property is located in an area dominated by industrial properties and is close to Interstate 55.



Building construction Metal










Occupancy (%) 29





Yield (%) –7.0







1 By income.



SMS Superior Mailing Services 34,000 100 MTM —


7447 CENTRAL AVE.

4InteriorDocks

6InteriorDocks

2R a i lD o o r s

N O R T H

OFFICE

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Site Map



625 Willowbrook Center Parkway, Willowbrook, IL

Far Southwest Suburbs

The property is located in an area of office and other commercial buildings and has good access to Interstate 55.

This property is fully leased until August 2016 to Viskase, a worldwide leader in the supply of cellulose, fibrous and plastic casings.


Property type Office



Total industrial GLA (sf) —




Loading facilities 183 parking spaces

Average clearance (ft) N/A



Occupancy (%) 100





Yield (%) 12.7







1 By income.



Viskase Companies, Inc Manufacturing 41,600 100 Aug 2016 6.7

625 WILLOWBROOK CTR PKWY

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900 East 103rd Street Chicago, IL

City South

This property is in a predominantly industrial area that runs from Cottage Grove Avenue east to Lake Michigan. In general, the industrial uses are bounded by 95th Street to the north, the Little Calumet River to the south and Cottage Grove Avenue to the east.

The property is located at the intersection of Interstates 94 and 57 at 103rd Street. The commute to the Chicago Central Business District is about 12 miles and 15 minutes, depending on traffic.

City of Chicago is the major tenant and utilises the building for storing snow ploughs, salt stockpiles, sanitation and forestry equipment due to the strategic central location within the city of Chicago.


City of Chicago Transportation, Communications, 225,499 79 Dec 2014 5.0 Electric, Gas, and Sanitary Services

Promet Steel Wholesale Trade 48,938 11 Dec 2011 2.0

Bullen Midwest Manufacturing 10,227 4 Dec 2011 2.0

Waterscience Transportation, Communications, 13,300 3 MTM — Electric, Gas, and Sanitary Services

Concentra Dev Services 5,071 2 Dec 2010 1.0

Primeco Transportation, Communications, 1 0 Sep 2010 0.7 Electric, Gas, and Sanitary Services


Property StatisticsYear built 1940, renovated 1978


Building construction Brick and steel panel






Loading facilities 24 truck doors




Occupancy (%) 57





Yield (%) 8.7







1 By income.


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11601 South Central Avenue Alsip, IL

South Suburbs

The property is located within the South Suburbs sub-market, it has a close proximity to Interstate 294 (Tri-State Tollway).

The property is 100 per cent occupied by Advertising Resources, Inc., a packaging and fulfilment services organisation.



Building construction Insulated steel exterior walls










Occupancy (%) 100





Yield (%) 11.3







1 By income.



Advertising Resources, Inc Manufacturing 260,000 100 Aug 2012 2.7

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13040 South Pulaski Avenue, Alsip, IL

South Suburbs

The property is located within the dense industrial district of Alsip, with close proximity to Interstate 294 (Tri-State Tollway).

The commute to the Chicago Central Business District is approximately 30 minutes. The commute to O’Hare International Airport is about 50 minutes (32 miles), while the commute to Chicago’s Midway International Airport is approximately 20 minutes (nine miles).



Building construction Masonry and pre-fabricated metal










Occupancy (%) 61





Yield (%) —







1 By income.2 Based on 100 per cent of property.


Madison Paper Company Manufacturing 81,468 38 Dec 2010 1.0Madison Paper Company Manufacturing 66,716 — MTM —American Eagle Packaging Corp Manufacturing 35,000 32 Mar 2011 1.2Valley View Industries Manufacturing 61,549 30 Oct 2011 1.8Vacant Vacant 89,524 N/A Vacant —Vacant Vacant 61,209 N/A Vacant —Vacant Vacant 4,610 N/A Vacant —

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Site Map



16750 Vincennes Road South Holland, IL

South Suburbs

The property is located in the South Suburbs and within an area of industrial properties with excellent access to Interstates 80, 294 and 94.

16750 Vincennes Road is fully occupied by two tenants, Hubbell Incorporated and Kelly Pipe, one of the largest distributors of pipe, valves and fittings in the US.









Loading facilities 6 rail doors 1 drive-in door 15 exterior docks




Occupancy (%) 100





Yield (%) 10.8







1 By income.



Hubbell Incorporated Wholesale Trade 147,577 71 Jun 2010 0.5

Kelly Pipes Wholesale Trade 55,325 29 Jul 2013 3.6

Site Map


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21399 Torrence Avenue Sauk Village, IL

South Suburbs

The property is located in a rural area that has been partially developed. It has great access to Interstates 294 and 80. The property has an additional expansion land parcel of 22.35 acres.

The major tenant, Behr Processing Corporation, is a major manufacturer of paints, stains and varnishes and was acquired by Masco Corporation, one of North America’s largest makers of kitchen cabinets and bathroom fixtures.

Site Map


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Building construction Concrete block and metal panel






Loading facilities 52 exterior docks 14 rail doors 1 drive-in door




Occupancy (%)1 80





Yield (%) 7.1







1 With Master Lease.

2 By income.



Behr Processing Corporation Wholesale Trade 200,000 61 Mar 2010 0.2

Jacobsen Wholesale Trade 100,000 39 MTM —



5619–5625 West 115th Street, Alsip, IL

South Suburbs

The property is located in a primarily office and industrial area that has good access to Interstate 294.

The property is primarily occupied by At Home America, which combines quality products and home-based business opportunities for thousands of home style specialists across America.



Building construction Painted masonry and metal






Loading facilities 5 loading docks 1 dock door




Occupancy (%) 100





Yield (%) 1.8







1 By income.


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At Home America, Inc. Retail Trade 298,505 84 Oct 2013 3.8

Westcott-Hindmarsh Manufacturing 51,384 8 Jan 2017 7.1

Continental Aero Manufacturing 49,622 8 May 2016 6.4


21705–21707 West Mississippi Street Elwood, IL

Joliet Area

DSC Logistics is the Trust’s largest tenant representing approximately 7.6 per cent of the Trust’s total area. DSC is a major US logistics company with over 2,500 employees, represented in at least nine US states and headquartered in Chicago.

The property is located adjacent to the 621 acre Burlington Northern Santa Fe multi-modal rail facility. Located only 40 miles from southwest of Chicago, this facility is strategically positioned to take advantage of Chicago’s immense transportation infrastructure.

Site Map


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Total GLA (sf) 1,022,554





Loading facilities 120 docks each with overhead door




Occupancy (%) 73





Yield (%) 6.4







1 By income.



DSC Logistics Transportation, Communications, 742,486 100 Jun 2011 1.5 Electric, Gas, and Sanitary Services




27413 South Baseline Road Elwood, IL

Joliet Area

27413 South Baseline Road is a logistics warehouse adjacent to the new Joliet Intermodal. The design of this property allows a prospective tenant to efficiently receive and dispatch goods from the Intermodal due to the extensive cross-docking and truck parking facilities provided.

The property is located adjacent to the 621 acre Burlington Northern Santa Fe multi-modal rail facility. Located only 40 miles from southwest of Chicago, this facility is strategically positioned to take advantage of Chicago’s immense transportation.

Site Map


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Loading facilities 168 dock high loading entrances and 1 drive-in door




Occupancy (%) 44





Yield (%) –4.1







1 By income.



National Distribution Centres Transportation, Communications, 93,500 100 Sep 2011 1.7 Electric, Gas, and Sanitary Services



EC VI–4507 Columbia Avenue, Hammond, IN

Northwest Indiana

The property is located in a mature neighbourhood and new development has been limited. A newer Federal Express distribution facility is located north of the property.

Site Map









Loading facilities Docks and drive-in doors




Occupancy (%) 100





Yield (%) 15.2







1 By income.


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H-A Industries Wholesale Trade 194,195 76 Oct 2013 3.8

H-A Industries Wholesale Trade 60,120 24 Oct 2013 3.8

Metech Transportation, Communications, 2,280 1 Dec 2009 — Electric, Gas, and Sanitary Services

Site Map


EC VI–4531 Columbia Avenue, Hammond, IN

Northwest Indiana

The property is located in a mature neighbourhood and new development has been limited. A newer Federal Express distribution facility is located north of the property.



Building construction Insulated metal panels






Loading facilities Docks and drive-in doors




Occupancy (%) 68





Yield (%) 15.2







1 By income.


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Heco Equipment Management Services Wholesale Trade 104,182 61 Feb 2011 1.2


Kreher Steel Company Wholesale Trade 62,711 29 Jun 2014 4.5

Ambitech Services 14,000 10 Nov 2010 0.9


Site Map



8100 100th Street Pleasant Prairie, WI

Kenosha/Racine Counties

The property is located in the Kenosha/Racine sub-market, in the village of Pleasant Prairie. Community boundaries are generally delineated by Wisconsin Highway 50 to the north, Lake Michigan to the east, the Illinois state line to the south and Interstate 94 to the west.

Chicago is located approximately 50 miles to the south, while Milwaukee is approximately 35 miles to the north.

An extensive highway system including Interstate Highways 94, 894, 43, 45, 794, US Highways 41 and 18 and numerous state highways serve the Milwaukee metropolitan area. Via this highway system, the rest of the state, as well as the entire Midwest, are readily accessible.

The asset adjoins 8200 100th Street which is also tenanted by Orion Corporation and owned by the Trust. The assets work well together with a central access road running the adjoining length of the properties providing direct access between the warehouses.






Total office GLA (sf) 700







Occupancy (%) 100





Yield (%) 9.9








Site Map


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Orion Corporation Manufacturing 38,290 100 Dec 2012 3.0


8200 100th Street Pleasant Prairie, WI

Kenosha/Racine Counties

The property is located in the Kenosha/Racine sub-market, in the village of Pleasant Prairie. Community boundaries are generally delineated by Wisconsin Highway 50 to the north, Lake Michigan to the east, the Illinois state line to the south and Interstate 94 to the west.

Chicago is located approximately 50 miles to the south, while Milwaukee is approximately 35 miles to the north.

An extensive highway system including Interstate Highways 94, 894, 43, 45, 794, US Highways 41 and 18 and numerous state highways serve the Milwaukee metropolitan area. Via this highway system, the rest of the state, as well as the entire Midwest, are readily accessible.

The asset adjoins 8100 100th Street which is also tenanted by Orion Corporation and owned by the Trust. The assets work well together with a central access road running the adjoining length of the properties providing direct access between the warehouses.













Occupancy (%) 100





Yield (%) 8.5








Site Map


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Orion Corporation Manufacturing 148,472 100 Dec 2012 3.0


Milwaukee

W165 N5830 Ridgewood Drive Menomonee Falls, WI


Innoware Paper Manufacturing 300,120 100 Dec 2012 3.0

The property is located in Waukesha County and is 17 miles northwest of the Milwaukee CBD. The property is located within the Silver Spring Business Park which accommodates manufacturing, distribution, office and service/retail uses and is in a park-like setting with quality amenities. Specific users within the business park include, among others, Kohl’s, Gladwin, Press-Weld, Frito-Lay and LaForce. Kohl’s office centre is the largest use within the park.

The property is readily accessible from local streets, state and interstate highways including Route 45 and the Interstate 94.













Occupancy (%) 100





Yield (%) 11.2







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5110 South 6th Street Milwaukee, WI

Milwaukee

The property is located directly opposite Milwaukee’s General Mitchell International Airport, which is the largest land use in the property’s neighbourhood.

The property is also located in close proximity to State Route 119, known as the Airport Spur, an interstate quality roadway built specifically to provide airport access directly from Interstate 94, located one mile from the airport.

The majority of developments in the neighbourhood are commercial and industrial in nature and reflect supporting uses for the airport. The property is immediately surrounded by similar light industrial uses, with numerous retail uses found immediately east of the property, along Howell Avenue.

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Occupancy (%) 100





Yield (%) 9.9







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Airborne Express Transportation, Communications, 58,500 100 Sep 2011 1.7 Electric, Gas, and Sanitary Services


525 West Marquette Avenue, Oak Creek, WI

Milwaukee

The property is located directly 10 miles south of the Milwaukee CBD. The property is located in an area dominated by the General Mitchell International Airport and the surrounding properties are typically commercial or industrial which supports the Airport.

The property is located in the centre of the North Branch Industrial Park, a professionally planned and designated industrial district and is therefore surrounded by similar light industrial use properties.

There is immediate interstate access less than one mile from the property, where there is a full service interchange with the Interstate 94.

The property (and the business park) enjoys a strategic position in a well established industrial enclave, with excellent proximity to the airport and convenient access to major transportation linkages.









Loading facilities 15 exterior docks 1 drive-in door 6 rail doors




Occupancy (%) 100





Yield (%) 10.1







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Henkel Corporation Manufacturing 112,144 100 Apr 2012 2.3


11100 West Silver Spring Road, Milwaukee, WI

Milwaukee

The property is located in an industrial and residential area with close proximity to Highway 41/45 and Interstate 94. The General Mitchell International Airport is located approximately 15 miles southwest.













Occupancy (%) 20





Yield (%) –6.8







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Lamplight Farms Incorporated Manufacturing 25,000 100 Jul 2010 0.6



1500 West Zellman Court Milwaukee, WI

Milwaukee

The property is located within an area of industrial and commercial businesses. It is located in close proximity to Interstates 94 and 43 and is also close to General Mitchell International Airport.

Towne Air Freight will fully occupy the property until September 2013. Towne Air Freight is a large logistics company that focuses on its efficient distribution services.













Occupancy (%) 100





Yield (%) 11.1







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Towne Air Freight Transportation, Communications, 20,800 100 Sep 2013 3.7 Electric, Gas, and Sanitary Services

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301 East Vienna Avenue Milwaukee, WI

Milwaukee

The property is located in an industrial area that has excellent access to Interstate 43, and is approximately 13 miles north of the General Mitchell International Airport.


Riverworks Development Services 16,354 100 June 2010 0.5














Occupancy (%) 14





Yield (%) 6.9







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6400 West Enterprise Drive Mequon, WI

Milwaukee

The property is located in an industrial area with good access to major highways, including Interstate 43.

The 487,398 square foot property was built in 1990 and renovated in 1998. Its tenant, Rockwell Automation, Inc., provides industrial automation power, control and information products and services.


Rockwell Automation Manufacturing 321,634 71 Sep 2014 4.8



Property StatisticsYear built 1990 (renovated in 1998)












Occupancy (%) 100





Yield (%) 10.1







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6600 North Industrial Road Milwaukee, WI

Milwaukee

The property is located in a light industrial area. It has access to Highway 43 and is also close to the General Mitchell International Airport.

6600 North Industrial Road is fully leased to Ball Metal Beverage Container Corporation, a leading producer of metal beverage cans.


Ball Metal Beverage Container Corp Manufacturing 110,400 100 Jul 2012 2.6

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Occupancy (%) 100





Yield (%) 13.3







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7620 South 10th Street Oak Creek, WI

Milwaukee

The property is located in an industrial area with excellent access to Interstate 94 and is located slightly south of the General Mitchell International Airport.

The United States Postal Service is the tenant. The United States Postal Service is an independent establishment of the Executive Branch of the United States Government.


United States Postal Service Public Administration 150,192 100 Sep 2014 4.8













Occupancy (%) 100





Yield (%) 11.4







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N53 W24700 Corporate Circle, Sussex, WI

Milwaukee

The property is located in a newer area of development, consisting primarily of industrial users, and has access to Interstate 94. The General Mitchell International Airport is approximately 22 miles southeast.





Building construction Steel panel warehouse








Passing rent (US$/sf) Vacant


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5450 Kraft Avenue Grand Rapids, MI

Grand Rapids

The property is located in a primarily industrial area. Kraft Avenue is a major industrial strip in the Grand Rapids area and is in close proximity to the Kent County Airport.

Towne Air Freight will fully occupy the property until March 2019. Towne Air Freight is a large logistics company that focuses on its efficient distribution services.

Property StatisticsYear built 1992 (expanded in 1995)


Building construction Insulated metal panel










Occupancy (%) 100





Yield (%) 9.7







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Towne Air Freight Transportation, Communications, 31,854 100 Mar 2019 9.3 Electric, Gas, and Sanitary Services



Directory

Responsible Entity

Mirvac Funds Management Limited ABN 78 067 417 663 AFSL 220 718 as Responsible Entity of Mirvac Industrial Trust ARSN 113 489 624

Registered office and postal address

Level 26, 60 Margaret Street Sydney, NSW 2000 Telephone: 02 9080 8000 Facsimile: 02 9080 8174 Email: [email protected] Web: www.mirvac.com/mix

Disclaimer

This Investment Portfolio Summary is dated December 2009 and is provided for information purposes only and is subject to change without notice. It has been prepared on the basis of the information which is believed by Mirvac Funds Management Limited to be correct but Mirvac Funds Management Limited does not warrant the accuracy of any details or accept liability for any of the information contained in this Investment Portfolio Summary.

Nothing contained in this Investment Portfolio Summary is intended to be investment, legal, tax or other advice. The information in this Investment Portfolio Summary does not take into account the investment objectives, financial situation and needs of any particular investor. Before acting on the information in this Investment Portfolio Summary investors should read the annual report of Mirvac Industrial Trust and subsequent ASX announcements, obtain independent advice and make their own assessment of Mirvac Industrial Trust having regard to their investment objectives, financial situation and needs.

This document is printed on Australian made paper containing 50 per cent recycled fibre and 50 per cent non-recycled fibre sourced from sustainable plantations.


December 2009 Mirvac Industrial Trustcdn2.blocksassets.com/assets/mirvac-funds/mirvac...Investment Portfolio Overview 1 Property Portfolio 3 Chicago Market Overview 8 McHenry County

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