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NET LEASE INVESTMENT OFFERINGBARILLA (North American Headquarters Chicago MSA)885 Sunset Ridge RoadNorthbrook, IL 60062

TABLE OF CONTENTSTABLE OF CONTENTSI. Executive SummaryDisclaimer StatementExecutive SummaryInvestment HighlightsProperty OverviewNET LEASE INVESTMENT OFFERINGII. Site OverviewPhotographsInterior PhotographsAerialsSite PlanFloor PlansMapCorporate MapSurrounding Corporate HeadquartersIII. Market OverviewMarket StatisticsLease ComparablesIV. Tenant OverviewTenant OverviewDemographic Comparison ReportLocation Overview

DISCLAIMER STATEMENTDISCLAIMERSTATEMENT:The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intendedto be reviewed only by the party receiving it from The Boulder Group and should not be made available to any otherperson or entity without the written consent of The Boulder Group.This Offering Memorandum has been prepared to provide summary, unverified information to prospective purchasers,and to establish only a preliminary level of interest in the subject property. The information contained herein is not asubstitute for a thorough due diligence investigation. The Boulder Group has not made any investigation, and makes nowarranty or representation.The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable;however, The Boulder Group has not verified, and will not verify, any of the information contained herein, nor has TheBoulder Group conducted any investigation regarding these matters and makes no warranty or representation whatsoeverregarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.NET LEASE INVESTMENT OFFERING

EXECUTIVE SUMMARYEXECUTIVESUMMARY:The Boulder Group is pleased to exclusively market for sale a rare single tenant net leased Barilla office property located within anaffluent suburb of Chicago. The property serves as the North American Headquarters for Barilla, an international food company thatis the world’s largest seller of pasta with revenue of 3.38 billion. Barilla relocated their headquarters from its previous location innearby Bannockburn, IL. There are approximately ten years remaining on the recently signed Barilla lease which expires July 31, 2026.This net lease features 2.5% annual rental escalations.The 75,260 square foot Barilla Headquarters building is strategically located in Northbrook along the Edens Expressway (Interstate 94).This Interstate connects Northbrook and the surrounding North Shore suburbs to downtown Chicago which is located approximatelytwenty miles south. Interstate 94 experiences traffic counts of approximately 150,000 vehicles per day. The surrounding area is oneof the most affluent parts of Chicago with average household incomes in excess of 188,000 annually. There are over 157,000 peopleliving within a five mile radius of the property.Due to Northbrook’s strategic location and highly educated workforce, the surrounding area is home to corporate headquarters fornumerous large corporations including Allstate, Walgreens, Discover, Baxter, Medline, Underwriters Laboratories & Crate and Barrelas well as the national headquarters of Astellas (a Japanese pharmaceutical company), and Bell Flavors & Fragrances (an internationalflavor and fragrance company). Additionally, the immediate area features many prominent retail destinations including NorthbrookCourt and a brand new Mariano’s grocery anchored development. Northbrook Court is a one million square foot regional mall that isanchored by Neiman Marcus, Lord & Taylor, Macy’s, Apple and AMC Theatres. The Mariano’s grocery anchored development openedin 2015 and is located across the street from the property.The Barilla office building is located on a 4.04 acre parcel. The two-story building serves as both an office and R&D propertywhere the company is responsible for product innovation, advanced quality enhancement, testing and packaging development. Barillaemploys approximately 150 people at this property. In 2010, Nestle previously occupied this property after making a substantial capitalinvestment of over 18,000,000 in engineering, mechanical and GMP, HAACP and USDA-ready pilot plant finishes. Shortly thereafterin 2014, Nestle relocated their division that was headquartered in Northbrook to a Cleveland Suburb. In 2015, Barilla invested anadditional 3,000,000 into the property.Barilla is an Italian family-owned food company that is the world’s largest pasta company. Barilla has a 30% market share of dry pastain the USA and 10% market share worldwide. A world leader in the markets of pasta and ready–to–use sauces in continental Europe,bakery products in Italy and crispbread in Scandinavia, the Barilla Group is recognized worldwide as a symbol of Italian know–how.They currently own 20 brands and employ over 8,100 people. In 2015, revenue for Barilla rose to 3.38 billion in 2015 and EBITDAamounted to 440. Additionally, the total debt decreased from 250 million to 170 million.NET LEASE INVESTMENT OFFERING

INVESTMENT HIGHLIGHTSINVESTMENTHIGHLIGHTS:Rare Investment Opportunity of a Distinguished International Company’s North American Headquarters Barilla is the world’s largest pasta company Barilla has a 30% market share of dry pasta in the USA and 10% market share worldwide Barilla’s revenue rose to 3.38 billion in 2015 and EBITDA amounted to 440Attractive Lease Structure New 11 year net lease with 10 years remaining 2.5% annual rental escalations Significantly below market rent ( 12.30 per square foot)Strategic Location in Chicago’s Affluent Northshore Northbrook is an affluent suburb of Chicago Affluent area with average household incomes within a three mile radius in excess of 188,000 Over 157,000 people living within a five mile radius of the property Located along the Edens Expressway (Interstate 94) with traffic counts of approximately 150,000 vehicles per day Surrounding area is home to corporate headquarters for large corporations including Allstate, Walgreens, Discover, Baxter,Underwriters Laboratories & Crate and Barrel as well as the national headquarters of Astellas, and Bell Flavors & FragrancesPremium Office and Research & Development Building Building was significantly renovated in 2010 ( 18 million) and recently in 2015 ( 3 million) Approximately 150 employees work at the office building which serves as the North American Headquarters of Barilla Facility is responsible for product innovation, advanced quality enhancement, testing and packaging developmentNET LEASE INVESTMENT OFFERING

PROPERTY OVERVIEWPROPERTYOVERVIEW:NET LEASE INVESTMENT OFFERINGPrice: 18,000,000Cap Rate:5.14%Net Operating Income: 925,698Rental Escalations:2.5% AnnuallyRenewal Options:One 10-Year at 95% FMVRent Commencement Date:August 1, 2015Lease Expiration Date:July 31, 2026Tenant:Barilla America Inc.Guarantor:Barilla G. e R. Fratelli Societa per AzioniYear Renovated:2010 2015Lease Type:NN (Landlord responsible for capital expenses greater than 10,000 perinstance in any year not to exceed 25,000 in aggregate)Building Size:75,260 SFLand Size:4 AcresNumber of Floors:Two

PHOTOGRAPHSNET LEASE INVESTMENT OFFERING

INTERIOR PHOTOGRAPHSNET LEASE INVESTMENT OFFERING

AERIALSINTERSTATE94(150,000Downtown ChicagoNET LEASE INVESTMENT OFFERINGD)VP

AERIALSLake MichiganDUNDEE ROAD (34,000 VPD)SEDENSKOKIEBLV(1AYWD000VP00,050(16,)D)VPDNET LEASE INVESTMENT OFFERINGEXPRESS

SITE PLANDUNDEE SWAYS U N S E T R I D G E ROA DNET LEASE INVESTMENT OFFERING94

FLOOR PLANSFRIDGE/FREEZERLIGHTBOXPILOT LABACC-1ACC-2ACCU-16'-0" U-2WALK-IN FREEZER INCUBATOR6'-0" x12'-0"14'-0" LOUVERHEAD HEIGHTWALK-IN COOLERDWEQUIPMENT(RETORT)PC-1LOW HEIGHT PARTITION ANDCURTAINPILOT WET LABPILOT DRY LABUPEQUIPMENT(STEAM KETTLES)STEAMGENERATORREF MINTERVIEWROOMUPDNFOCUS GROUP ROOMRECEPTION1ST FLOOR TEST FIT - TF05 REVISED885 Sunset Ridge RdNorthbrook, IL 60062NET LEASE INVESTMENT OFFERING1 : 275N.T.S.PROJECT NO. 026378.000PERKINSWI L L03/05/15

FLOOR PLANSSTORAGECABINETS3STORAGECABINETSDRY EEZREF,OFOISPEEDRACKSPEEDRACKOVENCULINARY PREPSENSORY MIC.FRIGIDAIRE SUBFREEZER, 2),OFOIMIC.(X2),OFOIMULTI-PURPOSESENSORY ECTRIC PANELSELECTRIC PANELSEXISTING ELECTRICAL PANELSEXISTING ELECTRICALPANELSMULTIPURPOSE MER 2ECOFFEEMAKERDNCOPIEROFOI2EUPDNELECTRIC PANELSELECTRIC PANELSALIGNALIGN2ND FLOOR TEST FIT - TF05 REVISED885 Sunset Ridge RdNorthbrook, IL 60062NET LEASE INVESTMENT OFFERING1 : 275N.T.S.PROJECT NO. 026378.000PERKINSWI L L03/03/15

MAPLake MichiganNET LEASE INVESTMENT OFFERING

CORPORATE MAPLake MichiganNET LEASE INVESTMENT OFFERING

SURROUNDING CORPORATE HEADQUARTERSAllstateDiscoverNET LEASE INVESTMENT OFFERINGAstellas PharmaTakeda PharmaceuticalsCrate & BarrelWalgreens

MARKET STATISTICSMARKETSTATISTICS:Office Market Statistics (Q2 2016)“North Submarket”Chicago TotalNumber of Buildings:1,66413,562Total Rentable Area:60,039,864 SF468,278,344 SFVacancy Percentage:14.2%13.1%14,300 SF646,576 SF0 SF7,824,462 SF 19.81 (NNN) 23.28 (NNN)YTD Deliveries:Under Construction:Quoted Rates:LEASECOMPARABLES:AddressCityStateTenantLease StartDateLeaseTermLeasedSpaceRent PSF150 S Saunders RoadLake ForestILHorizon Pharma, Inc.January 20168 Years133,218 SF 14.081200 Lakeside DriveBannockburnILBaxalta, Inc.January 201612 Years76,446 SF 19.72510 Lake Cook RoadDeerfieldILSurgical Care AffiliatesJune 201610 Years28,410 SF 20.75NET LEASE INVESTMENT OFFERING

TENANT OVERVIEWTENANTOVERVIEW:Barilla is an Italian family-owned food company that is the world’s largest pasta company. Barilla has a 30% market share of dry pastain the USA and 10% market share worldwide. Established in 1877, it’s now an international group present in more than 100 countries.A world leader in the markets of pasta and ready–to–use sauces in continental Europe, bakery products in Italy and crispbread inScandinavia, the Barilla Group is recognized worldwide as a symbol of Italian know–how. They currently own 20 brands and employover 8,100 people.As part of the “Good for You, Good for the Planet” strategy, the last 3 years have seen fat cut in 73 products, salt in 15 products,while new products have less sugar and more whole grain. Compared to 2010, there was a 23% reduction of CO2 emissions and a19% decrease of water consumption per ton of finished product.In 2015, revenue for Barilla rose to 3.38 billion in 2015 and EBITDA amounted to 440. Additionally, the total debt decreased from 250 million to 170 million.Italy accounts for almost half of the Barilla Group revenue. In spite of a difficult economic and social context, in which consumptionof the product categories where Barilla competes are in decline, the company continued to do better than the market average. In 2015,in Europe (Italy excluded), the Group’s volumes grew by 4% compared to the previous year. In the same timeframe, the Americasregion’s net revenue grew thanks to the contribution of all the countries in which the Group operates. In the United States, growthwas boosted by pasta, also thanks to launches of new products, such as “Pronto” pasta, and the consolidation of products in thepremium and gluten-free sectors, which began in 2014. In New York, the third Barilla restaurant was inaugurated in October 2015.Website:2015 Revenue:Total Employees:Year Founded:Headquarters:NET LEASE INVESTMENT OFFERINGwww.barillagroup.com 3.38 billion8,1001877Parma, Italy

DEMOGRAPHIC REPORTDEMOGRAPHICREPORT:NET LEASE INVESTMENT OFFERINGPopulation1-Mile3-Mile5-MileTotal Population3,45352,545157,143Total eMedian Household Income 121,894 128,749 120,580Average Household Income 177,214 188,443 179,532