RIVER PLACE DRIVE
D E T R O I T , M I C H I G A N
CALL FOR OFFERS DUE:
THURSDAY, AUGUST 1st, 2019 BY 5:00 P.M (EST)
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INVESTMENT HIGHLIGHTS
• In the heart of The Detroit Riverfront Conservancy’s $200 million Riverfront
District improvement “A UNIQUE OPPORTUNITY
• Walking distance from the burgeoning Detroit Central Business District OFFERING THE CHANCE
TO OWN AND OPERATE
• Powerful trend towards living off the water with spectacular views. Added
attributes here are international border and historicism of building without
A TROPHY ASSET IN A
sacrificing the most up-to-date amenities RAPIDLY DEVELOPING
• A new style of living complete with proximity, in addition to the water and DISTRICT OF DETROIT”
walkway, to the best employment opportunities, restaurants, culture, Downtown,
and four casinos
• Anchor development along a waterfront will only get better as investment along
Jefferson Avenue, Belle Isle, Yacht Club, etc. increase
• Excess land allows for mixed-use redevelopment complete with residential, hotel
and retail in a downtown Detroit neighborhood along an International Waterfront
• Zoned PD allowing for flexible design in harmony with general surroundings
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CONCEPTUAL RENDERING
Copyright @ Jones Lang LaSalle IP, Inc. 2019. This presentation has been prepared solely for informational purposes. The presentation is confidential and may not be reproduced. The contents of this
presentation are not to be construed as legal, accounting, business or tax advice. The information contained herein is proprietary and confidential and may contain commercial or financial information, trade
secrets and/or intellectual property of JLL and/or its affiliates. Although the information used in this presentation was taken from sources believed to be reliable, there is no representation, warranty or
endorsement (expressed or implied) made as to the accuracy, reliability, adequacy or completeness of any information or analysis contained herein. JLL expressly disclaims any and all liability that may be
based on such information, errors therein or omissions there from. Certain information in this presentation constitutes forward-looking statements. Due to various risks, uncertainties and assumptions made
in our analysis, actual events or results or the actual performance of the types of financing and values covered by this presentation may differ materially from those described. The information herein reflects
our current views only, are subject to change, and are not intended to be promissory or relied upon. Any opinion or estimate of value of any asset in this presentation is based upon the high-level preliminary
review by JLL. It is not the same as the opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice. JLL expressly disclaims any liability 3
for any reliance on any opinion or estimate of value in this presentation by any party.
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CALL FOR OFFERS
Please be advised that we are requesting submission of offers to purchase 1000 River Place Drive located in Detroit, MI by
5:00 P.M. (EST) on Thursday, August 1, 2019.
TRANSACTION GUIDELINES
The offering of 1000 River Place Drive in Downtown Detroit is being distributed exclusively by JLL to a select group of pre-qualified investors. The prospective
investor will be selected by Owner in its sole and absolute discretion based on a variety of factors including, but not limited to:
• Offer Price • Level of Property due diligence completed
• Financial strength • Thoroughness and conveyance of Property underwriting
• Level of discretion to invest funds • Timeframe and amount of non-refundable earnest
• Ability to close in a timely fashion money deposit
• Experience in closing similar transactions • Strength of commitment from lender and terms of debt,
• Absence of contingencies if any
JLL will be available to assist prospective investors to answer any questions related to information contained in this Offering Memorandum.
CONTACT DETAILS
All inquiries should be directed to the attention of
AARON MOORE LARRY EMMONS
INVESTMENT SALES MANAGING DIRECTOR
+1 248 581 3308 +1 248 581 3388
[email protected] [email protected]
