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Schaumburg Corporate Center

Schaumburg Corporate Center

Schaumburg Corporate Center is a 1 million square foot, Class A office complex owned and managed by Glenstar. Located adjacent to Woodfield Mall, the property is comprised of three buildings joined by a 17,000 SF atrium. Glenstar recently completed a $30 million renovation which included the addition of a 500+ parking garage, an 8,000 SF indoor/outdoor tenant lounge, a 10,000 SF state of the art conference center, an update and rebranding of the existing 12,000 SF fitness center into a high-end Midtown Fitness Club, while transforming the atrium into a buzzing central gathering spot for work and social activity. In addition, the property launched Glenstar Connect, one of the most comprehensive tenant experience programs in the industry.

Speakers and Panels

Keynote With President Preckwinkle

Toni Preckwinkle
Keynote

Toni Preckwinkle

County Board President

Cook County

Toni Preckwinkle

County Board President

Cook County

Toni Preckwinkle is the 35th president of the Cook County Board of Commissioners, an office she has held since 2010. A dedicated and effective public servant, President Preckwinkle has worked tirelessly and collaboratively to reshape County government through increased fiscal responsibility, transparency and improved services.

As the top executive in Cook County, President Preckwinkle oversees one of the nation’s largest public health and hospitals systems and one of the nation’s largest criminal justice systems. President Preckwinkle is a lifelong advocate for equity and equality, and through her work as president, has fought to improve health care access, bring increased fairness to the criminal justice system and expand employment training opportunities for some of the County’s most disadvantaged youth.

Leveraging more than 30 years of political experience and leadership, President Preckwinkle has restored credibility to County government, solving for more than $2.1 billion in budget deficits, cutting $851 million in expenditures and passing balanced budgets each year of her tenure.

Through the President’s leadership, Cook County used the Affordable Care Act to create CountyCare, a managed care program for Medicaid-eligible residents which now has about 330,000 members.

President Preckwinkle is a nationally recognized leader in the drive to reduce unnecessary and costly detention of non-violent offenders in the criminal justice system. The pretrial population at the Cook County Jail has been reduced by more than 30 percent since she took office in 2010 and in 2017, the MacArthur Foundation awarded Cook County one of its highly competitive Safety and Justice grants in recognition of the County’s progress in criminal justice reform and to support its continued efforts.

At the same time President Preckwinkle has successfully fought for juvenile justice reform, reducing the number of children tried as adults and the population in the Juvenile Temporary Detention Center. She championed reform of expungement laws to ensure that juvenile records do not keep young people from productive adult lives. For her efforts, President Preckwinkle was honored in 2017 with the inaugural State Champion Award from the Shriver National Center on Poverty Law.

President Preckwinkle is also president of the Forest Preserves of Cook County, the largest forest preserve districts in the country spanning 69,000 acres. Under her leadership, the Forest Preserves have been reborn as a public asset providing recreational, educational and ecological opportunities.

Before she was elected Cook County Board President, President Preckwinkle served 19 years as Alderman of the 4th Ward, building a reputation for progressive independence. She replaced public housing with viable mixed-income developments that included the first market rate housing built in North Kenwood and Oakland since World War II. She fought for living wages, public education and against payday lending and gun violence. Prior to holding elected office, President Preckwinkle taught high school history for 10 years. She holds bachelor’s and master’s degrees from the University of Chicago. She is the mother of two and the grandmother of three.

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New Assessments & Their Impact

Fritz Kaegi

Fritz Kaegi

Cook County Assessor

Cook County

Kieran Jennings
Moderator

Kieran Jennings

Managing Partner

Siegel Jennings Co.

Fritz Kaegi

Cook County Assessor

Cook County

Prior to beginning his career in Cook County government, Fritz spent more than 20 years valuing assets as a mutual fund portfolio manager and analyst. In his 13 years at Columbia Wanger Asset Management, Fritz served as a financial steward, helping average families save for retirement and focusing on small companies operating around the world. He holds the Chartered Financial Analyst and Certified Illinois Assessment Officer designations. He is also a member of the IAAO, the International Association of Assessing Officers.

Since assuming office in 2018, Fritz has brought fairness, ethics and transparency to the Cook County Assessor’s Office with a vision focused on operational changes, technological upgrades, and the elimination of favoritism. These changes have increased predictability in the assessment system and spurred investment in Chicago and Cook County.

Fritz was born and raised in the Hyde Park neighborhood in Chicago and still maintains close ties to the community. He attended Hyde Park’s Kenwood Academy for high school, completed his undergraduate studies at Haverford College, and received his MBA from Stanford University.

In 2020 Fritz received the A. Philip Randolph Change Agent Award from the National A. Philip Randolph Pullman Porter Museum and in 2021 the Adlai Stevenson Award for Public Service from the Chicago chapter of the American Society for Public Administration.

Fritz’s wife Rebecca is a teacher; they live in Oak Park, with their three children, where Fritz is a member of First United Methodist Church of Oak Park.

Kieran Jennings

Moderator

Siegel Jennings Co.

Kieran Jennings is Managing Partner at Siegel Jennings Co., L.P.A. Previously a Certified Public

Accountant (CPA), Kieran focuses his practice on real property taxation and general state and

local tax litigation. He has successfully tried cases before administrative boards, tribunals,

courts, and appellate courts, including the Ohio Supreme Court. Kieran has experience in

managing real property tax appeals throughout the U.S. and Canada and assists clients in due

diligence property acquisitions, tax planning, and structured agreements between taxpayers

and taxing jurisdictions.

Kieran is the Vice President and a member of the Executive Board of the American Property Tax

Counsel (APTC), a national organization of which Siegel Jennings is a founding member. Kieran

was the 2022 Chair and 2023 Vice Chair for the Central and Northern Ohio Chapter of the

Counselors of Real Estate and previously served on the Board of Directors for the Northern

Ohio Chapter of NAIOP. Kieran regularly conducts seminars and workshops on various property

tax issues for industry groups like the National Retail Round Table, The Ohio Society of CPAs,

Institute for Professionals in Taxation (IPT), National Business Institute, and Lorman Education

Service.

In 2016, Kieran was awarded the CRE (Counselor of Real Estate) credential by The Counselors of

Real Estate, an international group of high-profile real estate practitioners who provide expert

advisory services to clients on complex real property and land-related matters. Of the over

150,000 practitioners in commercial real estate today, fewer than 1,100 currently hold the CRE

credential.

Chicago 2020 Forecast

Recap 2019 & Hear How It Will Impact Next Year

Kent Swanson

Kent Swanson

EVP

Riverside

Brandon Svec

Brandon Svec

Director, Market Analytics

CoStar Group

Stephen Lieberman

Stephen Lieberman

Vice President of Investments

Marcus & Millichap

Matt Dumich

Matt Dumich

Principal

SmithGroup

Larry Eppley
Moderator

Larry Eppley

Partner

Sheppard Mullin

Kent Swanson

EVP

Riverside

Kent Swanson is a real estate professional with over thirty years of experience in the office, residential, retail and hotel sectors. He is currently an Executive Vice President and member of the Investment Committee of Riverside Investment & Development Company. Previously, he was CFO of Newcastle Limited, playing a key role in tripling the size of assets under management at that firm while earning a 30% portfolio IRR during his five-year tenure. Kent also had a nineteen-year tenure at The John Buck Company, rising from Senior Financial Analyst to Principal and CFO during this span. His responsibilities included the initial setup and marketing of The JBC Funds and the negotiation and startup of JBC’s Abu Dhabi based joint venture. Overall, Kent has closed over $8 billion in capital transaction in his career. Kent has served on a number of non-profit boards, including as Board Chairman of the Civic Federation, a government watchdog group. Kent has a BA in Economics from Duke University, and an MBA from the Kellogg School of Management at Northwestern University.

Brandon Svec

Director, Market Analytics

CoStar Group

Brandon Svec is a Director of Market Analytics with the CoStar Group, where he leads the firm’s research and analysis on the Illinois and Wisconsin multifamily, office, logistics and retail markets. Prior to his current role, Brandon was Vice President of Research and Product Development at Inland Real Estate Investment Corporation, where he developed fund strategy and led firm-wide research initiatives. Prior to this role, Brandon was Vice President and Director of Due Diligence at Inland Securities Corporation, where he was responsible for reviewing and approving over $1 billion of real estate security offerings. Prior to his time at Inland, Brandon was a due diligence analyst at First Allied Securities, where he primarily focused on due diligence of REITs and closed-end real estate funds. Brandon’s past additionally includes commercial real estate loan underwriting and portfolio management experience. Brandon previously held Series 7, 24, and 66 securities licenses and is a MBA candidate at DePaul University’s Kellstadt Graduate School of Business, where he is finishing his studies in real estate finance and investment.

Stephen Lieberman

Vice President of Investments

Marcus & Millichap

Stephen Lieberman began his career at Marcus & Millichap in 2008 and currently serves as a First Vice President of Investments with an established Office & Mixed-Use investment product focus. Stephen leads the Chicago Office Investment Advisory Group at Marcus & Millichap in Downtown Chicago and is also an active member of NAIOP, Chicago Chapter.

Over the past decade, Stephen has sold over five hundred million dollars in investment sales volume, earning various sales recognition awards at Marcus & Millichap in 2012, 2013, 2014, 2015, 2016, 2017, and 2019. Stephen consistently ranks as one of Marcus & Millichap’s top Office Investment Sales

Specialists nationwide with a few recent notable sale assignments including: 820 Davis St. in Evanston; 360 N. State St. in Chicago; and 1029 W. Madison in Chicago.

For every client, Stephen demonstrates refined skill set to maximize property value. As he works with his clients to evaluate their short- and long-term investment objectives, he is skilled to identify areas to increase value, provide real-time sub-market knowledge and trends, execute on optimal marketing sale and positioning strategies, mitigate or bypass deal exposure points, and advise current financing

availability and transactional solution options.

Matt Dumich

Principal

SmithGroup

Matthew Dumich, FAIA is a Principal at SmithGroup, one of the world’s preeminent integrated design firms. Matt is an expert in the planning, design and successful delivery of commercial buildings, interiors, and mixed-use developments. A dynamic leader and consensus builder, he is known for his collaborative design approach and ability to execute complex, high performance projects, totaling over 10,000,000 SF constructed worldwide. Long committed to mentorship and service, he leads the National Emerging Professional Task Force for the American Institute of Architects and serves on the Board of Trustees for the Chicago Architecture Center.

Larry Eppley

Moderator

Sheppard Mullin

Lawrence Eppley is a partner in the Corporate Practice Group and Office Managing Partner of the firm's Chicago office. He is also Team Leader of the firm's Hospitality team.

Areas of Practice

Mr. Eppley concentrates his practice in acquisition, real estate finance, development, public and private finance, joint ventures and raising equity particularly in the hospitality sector. He was general counsel to Potbelly Sandwich Works, one of Chicago's fastest growing companies, and his clients rely on him as their principal outside legal counsel. He has considerable experience with middle market and emerging growth companies, including those in the hospitality and restaurant sectors, and with structured and institutional finance.

Mr. Eppley was named as one of Law360's Hospitality MVPs in both 2013 and 2016 for his extensive work in major transactions geared towards hotel development.

Welcome Remarks from our Host

Michael Klein

Michael Klein

Managing Principal

Glenstar

Michael Klein

Managing Principal

Glenstar

Schaumburg Corporate Center is a 1 million square foot, Class A office complex owned and managed by Glenstar. Located adjacent to Woodfield Mall, the property is comprised of three buildings joined by a 17,000 SF atrium. Glenstar recently completed a $30 million renovation which included the addition of a 500+ parking garage, an 8,000 SF indoor/outdoor tenant lounge, a 10,000 SF state of the art conference center, an update and rebranding of the existing 12,000 SF fitness center into a high-end Midtown Fitness Club, while transforming the atrium into a buzzing central gathering spot for work and social activity. In addition, the property launched Glenstar Connect, one of the most comprehensive tenant experience programs in the industry.

Building URL: http://schaumburgcorporatecenter.com

Building Parking: Parking is free but visitors should park in the visitors lot which is on the west side of the 1501 building off of Meacham Road (there is plenty of signs directing cars towards visitor parking).

Summary

  1. As the longest uninterrupted period of economic expansion might be coming to an end, how do you recession proof your portfolio?

  2. The Post Office Redevelopment show how successful redeveloping a historic building can be. With almost the entire building leased, what does this say about redevelopment of historic buildings?

  3. Industrial in Q3 of 2019 saw the largest amount delivered since this cycle began with 8.8M SF delivered. What is driving this boom and where is it all going?

  4. How has the new administration impacted development and commercial real estate as a whole?

  5. What major developments are set to deliver in 2020? Will neighborhoods such as Pilsen and Avondale continue to see people flock there?

Venue

Schaumburg Corporate Center
1501 Woodfield Rd.
Schaumburg, IL 60173


Parking is free but visitors should park in the visitors lot which is on the west side of the 1501 building off of Meacham Road (there are plenty of signs directing cars towards visitor parking).

Agenda

Time Activity
2:00 PM
3:00 PM
Coffee, Breakfast, & Networking!
3:00 PM
3:20 PM
Keynote With President Preckwinkle
3:20 PM
3:50 PM
New Assessments & Their Impact
3:50 PM
4:35 PM
Chicago 2020 Forecast

Recap 2019 & Hear How It Will Impact Next Year

4:35 PM
5:00 PM
More Networking!