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Real Estate to Support a growing Life Sciences Sector

Suzet McKinney

Suzet McKinney

Investor

[Previously with Sterling Bay]

Karoline Eigel

Karoline Eigel

Executive Director

Cushman & Wakefield

John Flavin

John Flavin

Founder & CEO

Portal Innovations

Scott Brandwein

Scott Brandwein

Managing Director

JLL

Rich Smith
Moderator

Rich Smith

Life Science Principal

HKS Architects

Monique Salas
Opening Remarks

Monique Salas

National Healthcare Business Development Manager

SageGlass

Karoline Eigel

Executive Director

Cushman & Wakefield

Karoline Eigel is a commercial real estate broker with 20+ years of experience in commercial leasing for both landlord and tenant rep clients. Currently expanding the Healthcare Advisory team at Cushman & Wakefield, Karoline is utilizing her expertise to grow the burgeoning footprint in the Chicagoland market, leveraging her successful experience in healthcare advisory and portfolio management. Ms. Eigel is currently working with physician practice groups, hospital systems and investors in healthcare real estate across the country, providing strategic advisory and brokerage services, with a focus on the patient experience, service line growth projections, payer mix analysis, clinical space utilization and regulatory compliance. The Healthcare Advisory team represents Mag Mile Medical Pavilion, a newly developed MOB within a building located in the iconic 875 N Michigan Ave. Prior to joining C&W, Ms. Eigel lead the leasing for Harrison Square Chicago, a 13-acre life science and medical office innovation hub located within the Illinois Medical District. The first phase of the $1 billion redevelopment project included the Old Cook County Hospital building. The new iteration of the historic landmark includes a dual-branded 210-room hotel, 70K RSF for Cook County Health medical offices, a childcare center, and a food hall.

As a commercial real estate consultant, she developed and managed leasing programs and marketing initiatives for national and international institutional investors and developers, working with landlord leasing teams to develop and implement leasing/marketing strategies. Notable clients include Advanced Dermatology, Accent Care, MedStar Health, Remedy, United Urology, Rethink Healthcare Real Estate and Hearn.

Ms. Eigel is on the Board of Directors and is a mentor for the HEAR Foundation (HEARFoundation.org), which provides $20,000 college scholarships and four years of mentoring to excelling Chicagoland high school seniors who are outstanding citizens in financial need.

Scott Brandwein

Managing Director

JLL

Scott Brandwein is a Managing Director with JLL’s Tenant Representation team in Chicago. With approximately 40 years of experience, he is a veteran within the commercial real estate industry. Over his career, he has represented both tenants and owners in over $6 billion in projects across leasing, sales, capital markets, and consulting.

Before joining JLL, Scott was with CBRE for over 15 years acting in the same capacity as his current role. He was a President and Managing Partner at Frain Camins & Swartchild, which was later purchased by Insignia and, subsequently, acquired by CBRE.

Rich Smith

Moderator

HKS Architects

Rich Smith is Global Practice Director, Life Science, and a Principal at HKS. A recognized leader in the Life Science industry, he has collaborated with clients in higher education, corporate/commercial, government and health. His work includes public and private science, technology projects designing life sciences, physical sciences, engineering research and R&D campuses.

Monique Salas

Opening Remarks

SageGlass

Monique Salas, MPP, is the North American Director of Health & Wellness at SageGlass. In her role, she focuses on the impact Saint-Gobain SageGlass bears in Healthcare spaces. She has a rich history in the Pharmaceutical Industry and Healthcare Tech space. Monique is passionate about design that incorporates health & wellness as she has a strong belief that it uman performance. Some of her recent clients include Emory Healthcare, Geisinger Health, University of California Davis and University of California Davis Health.

Innovation and Partnerships to support a growing Ecosystem

Christine Karslake

Christine Karslake

Managing Director

Polsky Center for Entrepreneurship & Innovation at University of Chicago

Alicia Loffler

Alicia Loffler

Executive Director, Innovation & New Ventures

Northwestern University

Michael Fassnacht

Michael Fassnacht

President & CEO

World Business Chicago

Kate Schellinger

Kate Schellinger

Interim Executive Director

Illinois Medical District

Kevin Masi
Moderator

Kevin Masi

Co-Founder

Torque Real Estate Marketing

Kate Schellinger

Interim Executive Director

Illinois Medical District

Kate Schellinger serves as the Interim Executive Director of the Illinois Medical District. As IMD Chief of Staff, Ms. Schellinger oversaw health and science programming as well as initiatives around workforce and neighborhood development, working in close partnership with IMD stakeholders and governmental officials at all levels to foster an ecosystem of collaboration and drive economic growth for the city, the county and the state.

Prior to joining the IMD, Ms. Schellinger led the development of a community preparedness and resilience program at the Chicago Department of Public Health (CDPH) within the Bureau of Public Health Preparedness and Emergency Response.

Ms. Schellinger holds a Master of Public Health degree from the University of Illinois at Chicago, a Bachelor of Arts from Northwestern University and is a graduate of the National Preparedness Leadership Initiative program at Harvard University.

Kevin Masi

Moderator

Torque Real Estate Marketing

Kevin co-founded Torque 29 years ago and has built a CRE marketing practice in Chicago and key markets across the country. The firm is 100% focused on marketing and branding for office, mixed use and life sciences real estate properties as well as real estate ownership company marketing initiatives.

Facility Types & The Future Of Architecture & Design

Randy Guillot

Randy Guillot

Design Principal

Gensler Chicago

Herb Dawson

Herb Dawson

Project Executive

W.E. O'Neil

Thomas McElroy

Thomas McElroy

Principal & CEO

Level-1 Global Solutions

John Murphy

John Murphy

CEO

Murphy Real Estate Services

Graham Grady
Moderator

Graham Grady

Partner, Taft

Founder, Chicago Emerging Minority Developers Initiative (CEMDI)

Randy Guillot

Design Principal

Gensler Chicago

Randy Guillot, FAIA, LEED AP is a design principal and leader in Gensler’s Health + Wellness practice. Randy’s design work leverages multidisciplinary partnerships and creates new models for healing, learning, and working. His portfolio of sculptural, exuberant, and site-specific architecture is celebrated for critical design success and enhancement of access to healthy, dignified, optimistic, and engaging environments for all. Randy is a Fellow in the American Institute of Architects, serves on the Urban Land Institute’s National Health Sciences Council and is a graduate of The Rhode Island School of Design with degrees in Fine Art and Architecture.

Herb Dawson

Project Executive

W.E. O'Neil

Herb Dawson is a Project Executive with W.E. O’Neil and is a leader in the firm’s Life Sciences and Healthcare sectors. Over the course of his 35-year career, Herb has delivered numerous large, complex projects with intricate and multidisciplinary building systems, such as the University of Chicago’s Eckhardt Research Center. His collaborative and forward-thinking approach has helped these projects succeed, providing value and flexibility to end users well into the future. Herb also serves as a Vice-Chair of the American Heart Association’s Hard Hats with Heart organization.

Thomas McElroy

Principal & CEO

Level-1 Global Solutions

Mr. McElroy founded Level-1 Global Solutions, LLC in 2001-present and is a member of the Mayor’s Office of Technology Advisors and The Chicago Community Trust. Level-1 is a Minority Business Enterprise (MBE) licensed, certified, and registered in the City of Chicago, County of Cook, and State of Illinois.

Thomas McElroy is the founder and president of Level-1 Global Solutions, LLC. Since the firm’s first project at the New Cook County Hospital in 2001, Level-1 has been a timely, reliable, and costeffective resource in meeting the City of Chicago’s infrastructure needs. Mr. McElroy prides himself and his company on building and maintaining stellar relationships with Level-1 customers and team members – relationships built on mutual respect, trust, open communication, and the successful meeting of shared goals. Mr. McElroy and his executive administrative, program

management, and technology officers remain involved in each and every Level-1 project. Maintaining a complete open-door policy, they are

available and accessible to clients and technical teams leads alike to provide executive guidance, decision-making, and escalation services as

needed.

Level-1 is a Technology Systems Integrator with a wealth of experience embedded in our core capabilities of providing technology systems integration and the design, implementation, and management of interoperable technology infrastructure, communications, security and audio-visual systems. We offer successful project experience within the federal, local and private industry sectors. Level-1 has received numerous accolades regarding our project performance via client reference letters.

Key Clients

Chicago Public Schools: Data Center Move and Relocations services for the Board of Education; Network and Security Camera Infrastructure support; Local Area Network System Improvement; Audio Visual Equipment and Installation services; Web Filtering services City Colleges of Chicago: Audio Visual Equipment and Installation services; Voice over Internet Protocol (VoIP) Services; City of Chicago: Department of Aviation & City of Chicago O’Hare Modernization project (OMP) United Airlines, Willis Tower: Operations Center Power Protection and AV Infrastructure project Cook County/Department of Homeland Security: Power Protection for County-Wide Security Camera Installation Cook County Juvenile Detention Center: Telecommunication Infrastructure support State of Illinois: Statewide Unified Communications Implementation.

John Murphy

CEO

Murphy Real Estate Services

Recognized as one of the leading real estate experts in Chicago for his development, advisory, and management skills, John T. Murphy has been a prominent member of the real estate industry since 1989. As Chairman and Chief Executive Officer of Murphy Real Estate Services, John provides leasing and development services and serves as a principal and advisor to institutional clients and investors. He also leads development initiatives and has been involved in various equity syndications for the acquisition and repositioning of assets across the United States.

As a principal and owner, John has been involved in and led the development and repositioning of several million square feet of developments throughout the Midwest and East Coast. Currently, John is developing a seven-story office complex for Michigan State University in Grand Rapids and is leading the redevelopment of Old Cook County Hospital, a five-phase, $1 billion project located in the world-renowned Illinois Medical District. Most recently, John completed The Paragon, a 500-unit apartment tower, located at 1326 S. Michigan in Chicago’s South Loop and Cambria Hotels & Suites in Milwaukee, WI. Upcoming projects include two office towers, totaling one million square feet, located at 301 and 321 S. Wacker Drive in Chicago. Other notable accomplishments include Lincoln Park 2550, a prestigious three-tower, 228-unit luxury condominium development in Chicago’s Lincoln Park neighborhood, the Hyatt Chicago “The Loop,” a $71 million redevelopment of 100 W. Monroe, transformation of a 130,976 square foot historic office high-rise in Chicago into a 257-room, full-service hotel, the 85,839 square foot redevelopment of the Chicago Motor Club building at 68 E. Wacker into a 143-room, select-service Hampton Inn, and a 237,200 square foot redevelopment of the Oriental Theater Building at 32 W. Randolph into the Cambria Hotel Chicago Loop. He is also actively involved in the development of a 206-acre private marina and beach resort on Lake Erie in Ohio.

Over the years, Mr. Murphy has also brokered high-profile properties such as the development site at 155 N. Wacker and 200 W. Jackson. Other notable past achievements include successfully leasing several Chicago properties such the Citadel Center, 200 N. LaSalle, and 230 W. Monroe.

Graham Grady

Moderator

Founder, Chicago Emerging Minority Developers Initiative (CEMDI)

Graham Grady is a partner at Taft Law where he advises real estate developers, investors and property owners. He assists clients in building consensus with local elected officials, government entities, community organizations and other stakeholders. As a former Zoning Administrator, Buildings Commissioner and Ex-Officio member of the Chicago Plan Commission, his practice encompasses zoning, land use, economic incentives, building code compliance, licensing, construction agreements, government and legislative approvals.

Graham helps clients obtain government entitlements and solve

problems with units of local government. With a focus on the city of

Chicago and Cook County, he helps secure necessary approvals

for land developments in the Chicago metropolitan area. A

consensus builder and negotiator, he maintains excellent relations

with community organizations, local elected officials and other

stakeholders. Graham provides legal counsel for compliance,

regulatory, public policy and encompasses zoning, land use,

building code compliance, licensing, construction agreements,

government contracts, procurement and legislative approvals.

In the land use area, his experience includes securing all types of

land use entitlements through planned developments, zoning map

amendments, special uses, variations, text amendments and public

way approvals. He represents property owners, real estate

developers and every classification of real estate including retail,

residential, commercial, industrial and myriad specialized land uses.

He regularly represents clients before the Department of Buildings

and the Fire Department. In addition, he has obtained approvals

through boards and commissions, including the:

• Building Board of Appeals

• Chicago Plan Commission

• Committee on Standards and Tests

• Chicago Plan Commission

• Committee on Zoning

• Chicago City Council

• Commission on Chicago Landmarks

• Community Development Commission

• Zoning Board of Appeals

Graham also serves as legal counsel to one of the five annuity and benefit funds of the City of Chicago,

advising in a broad range of areas including compliance with the Illinois Pension Code, investment

management agreements, open meetings and freedom of information act compliance and the fiduciary

obligations of the trustees of the pension fund.

Why This Matters

What You'll Learn:

  • In a recent report from JLL, Chicago ranked No. 13 on the list of American life sciences hubs. How can Chicago climb that list? 

  • Three separate multi-billion-dollar developments plan to incorporate life sciences. Will there be a race for tenants between these new developments? 

  • The office market is currently in flux. Could life sciences help fill vacancies in the office market?

  • How feasible is it to turn existing office products into life sciences buildings and is it worth the cost?

 

Who You'll Meet: Developers, investors, manufacturers, life sciences tenants, engineers, architects, city officials, and brokers.

How You'll Do More Business: Chicago may be struggling a little more than your average urban center from the pandemic. With a nasty winter, many residents and companies are waiting for warmer days before they come back to the windy city. Many are looking for a silver bullet to help bring Chicago back and life sciences may be just that. An affordable city with incredible universities, the fundamentals for Chicago to become a life sciences hub are there.

What Your Ticket Gets You: Digital summit tickets include two panels of content and access to three virtual networking opportunities including direct messaging with other attendees, the ability to request and host video meetings and three-minute video-enabled speed networking to make deals happen. Unable to attend live? Don’t worry, you will be able to access recordings of all panels for 30 days after the summit!

Agenda

Time Activity
3:00 PM
3:30 PM
Pre-Event Networking
3:30 PM
4:15 PM
Real Estate to Support a growing Life Sciences Sector

As demand for life science lab space increases, Chicago’s real estate industry must first learn to understand the industry in order to meet the demand. With multiple billion-dollar developments underway that include life sciences there is lots of opportunity for the real estate community.

4:20 PM
5:10 PM
Innovation and Partnerships to support a growing Ecosystem

Chicago has the ability to become a life science hub with the infrastructure and amazing academic institutions already there. That being said, it is not the only city vying to become the next hub and it will take partnerships with the city and local businesses to come out on top.

5:10 PM
6:00 PM
The Ins & Outs of Creating Life Science Facilities
6:00 PM
6:45 PM
Post-Event Networking