Part of the CBRE affiliate network

JOURNAL-GAZETTE BUILDING701S. CLINTON STREETFort Wayne, IN 46802

OFFERING MEMORANDUM

Investment Properties

AFFILIATED BUSINESS DISCLOSURE AND CONFIDENTIALITY AGREEMENT

This is a confidential Memorandum intended solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property.

This Memorandum contains selected information pertaining to the Property and does not purport to be a representation of the state of affairs of the Property or the owner of the Property (the “Owner”), to be all-inclusive or to contain all or part of the information which prospective investors may require to evaluate a purchase of real property. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition and other factors beyond the control of the Owner and Sturges, LLC. Therefore, all projections, assumptions and other information provided and made herein are subject to material variation. All references to acreages, square footages, and other measurements are approximations. Additional information and an opportunity to inspect the Property will be made available to interested and qualified prospective purchasers. In this Memorandum, certain documents, including leases and other materials, are described in summary form. These summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced. Interested parties are expected to review all such summaries and other documents of whatever nature independently and not rely on the contents of this Memorandum in any manner.

Neither the Owner or CBRE, Inc, nor any of their respective directors, officers, Affiliates or representatives make any representation or warranty,

expressed or implied, as to the accuracy or completeness of this Memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this Memorandum or use of its contents; and you are to rely solely on your investigations and inspections of the Property in evaluating a possible purchase of the real property.

The Owner expressly reserved the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions with any entity at any time with or without notice which may arise as a result of review of this Memorandum. The Owner shall have no legal commitment or obligation to any entity reviewing this Memorandum or making an offer to purchase the Property unless and until written agreement(s) for the purchase of the Property have been fully executed, delivered and approved by the Owner and any conditions to the Owner’s obligations therein have been satisfied or waived.

By receipt of this Memorandum, you agree that this Memorandum and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose this Memorandum or any of its contents to any other entity without the prior written authorization of the Owner or Sturges, LLC. You also agree that you will not use this Memorandum or any of its contents in any manner detrimental to the interest of the Owner or CBRE, Inc.

If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return this Memorandum to Sturges, LLC.

© 2018 Sturges, LLC. The information contained in this document has been obtained from sources believed reliable. While Sturges, LLC does not doubt its accuracy, Sturges, LLC has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.

Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.

J O U R N A L - G A Z E T T E B U I L D I N G

CONTACT US

TABLE OF CONTENTS

04 EXECUTIVE SUMMARY

06 PROPERTY OVERVIEW

16 LOCAL MARKET OVERVIEW

BARRY STURGESCEO / Managing Director+1 260 424 8448barry.sturges@cbre-sturges.comwww.cbre.us/barry.sturges

JOHN CAFFRAYVice President of Brokerage+1 260 424 8448john.caffray@cbre-sturges.comwww.cbre.us/john.caffray

BRADY GARDNERBroker Associate+1 260 424 8448brady.gardner@cbre-sturges.comwww.cbre.us/brady.gardner

EXECUTIVE SUMMARY

J O U R N A L - G A Z E T T E B U I L D I N G

5E X E C U T I V E S U M M A R Y

THE OFFERING

CBRE | Sturges has been appointed the exclusive agent for the sale the Journal Gazette Building, located in Fort Wayne, Indiana’s prestigious downtown commercial district. The property, totaling approximately 18,478 rentable square feet on 0.17 acres, is currently 67% occupied.

Zoned as DC Downtown Core, the project is well-located at S. Clinton Street and Main Street, one of downtown’s busiest intersections. The property boasts beautiful Chicago school architecture and stunning views of the historic Allen County Courthouse. The submarket around the Journal-Gazette Building consists of office and governmental buildings, restaurants,

upscale urban condominiums, city parks, and local tourist attractions.

HIGHLIGHTS

• Excellent location in downtown Fort Wayne

• 67% Occupied

• Investment opportunity with upside potential

PROPERTY OVERVIEW

J O U R N A L - G A Z E T T E B U I L D I N G

7P R O P E R T Y O V E R V I E W

PROPERTY HISTORY

The Journal-Gazette Building was built in 1927-1928. It was designed by well-known regional architect Charles R. Weatherhogg.

The structure is a Chicago style 4-story red brick building with limestone trim in the Chicago Style. The building has 13 bays with seven central bays accented with round arches.

The Journal-Gazette newspaper plant was housed in the building until 1951. Large, fixed glass “picture” windows were installed to let passers-by view the working presses. In 1951, the newspaper moved to a new facility, and the building was transformed into multi-tenant office space.

The building was added to the National Register of Historic Places in 1982.

RENDERING, c. 1927

EXTERIOR DETAIL OF MAIN FACADE

8

ADDRESS701 S. Clinton StreetFort Wayne (Allen County), IN 46802

LAND AREA0.17 AC

RENTABLE AREA SQUARE FEET18,478

OCCUPANCY67%

VACANCY33%

YEAR BUILT1928

YEAR RENOVATED1990

ROOFFlat

FLOORS3 with additional mezzanine

ELEVATORS1

ZONINGDC, Downtown Core

SIGNAGE Tenant Directory signage in lobby

PARKINGOff-site

SEWER SERVICE City of Fort Wayne

WATER SERVICE City of Fort Wayne

ELECTRICAL SERVICEAEP/Indiana Michigan Power

GAS SERVICE NIPSCO

PROPERTY DESCRIPTION

The Journal-Gazette Building is located in downtown Fort Wayne, at the intersection of S. Clinton Street and Main Street. The property is a historic landmark, featuring Chicago style architecture, with red brick with Indiana limestone trim.

The Journal-Gazette newspaper was originally housed in the building. Special picture windows allowed pedestrians to view the presses in action. The newspaper moved to a new facility in 1951, and the building converted into multi-tenant office space use.

J O U R N A L - G A Z E T T E B U I L D I N G

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FLOOR PLANS

FIRST FLOOR & MEZZANINE

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HIGHLIGHTED SUITES REFLECT VACANT UNITS

FLOOR PLANS

SECOND FLOOR

THIRD FLOOR

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PROPERTY PHOTOS

J O U R N A L - G A Z E T T E B U I L D I N G

13P R O P E R T Y O V E R V I E W

AERIAL IMAGE

14

HD MARKETING & DESIGN

HD Marketing & Design is a local web design and internet marketing company specializing in web development,

Search Engine Optimization (SEO), content development, social media marketing, and video production for web and TV.

WAITER ON THE WAY/WOW FACTOR CATERING

Waiter on the Way is Fort Wayne’s premier restaurant food delivery service, making it convenient to have favorite

meals from Fort Wayne’s favorite restaurants delivered to home or office. WoW Factor Catering is a trusted catering

provider in the Fort Wayne area for more than 25 years, providing timely food delivery and exceptional service for groups

of all sizes. Waiter on the Way operates a commercial kitchen from the ground floor of the Journal-Gazette Building.

CHRZAN LAW

Chrzan Law is focused on supporting clients in Family Law, Trusts & Estates and Collaborative Divorce cases.

FORREST LEGAL LLC

Forest Legal LLC is a law firm primarily focused on family law and domestic relations, handling issues of divorce, child

custody, child support, paternity, adoption, surrogate birth issues, and prenuptial agreements, in addition to providing

family law mediation services.

TENANT PROFILES

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KENDALL & DAVIS, INC.

Kendall & Davis, Inc. is private employment search firm that has been in business since 1978. Their recruiting niche

is information security, data warehousing, business intelligence, database administration, ERP, CRM, and nice subject

matter experts.

JARJOUR LAW OFFICE

Jarjour Law Office serves clients in Indiana, Michigan, and Ohio in the areas of domestic relations, civil litigation,

and criminal law.

GIBSON LAW OFFICE

Gibson Law Office is a team of criminal defense attorneys with offices in Lafayette and Fort Wayne, Indiana. Clients

include people charged with serious felony and misdemeanor crimes, suspects in criminal investigations, and persons

seeking to restrict access, seal, or expunge their criminal records.

WILSON LAW GROUP

Wilson Law Group is a small law firm focused on all areas of intellectual property law, including patent, trademark,

copyright, trade secret, and technology law, led by attorney Jacque R. Wilson.

TENANT PROFILES

LOCAL MARKET OVERVIEW

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17L O C A L M A R K E T O V E R V I E W

MARKET SUMMARY

The Journal-Gazette Building is situated in the downtown area of Fort Wayne, Indiana. The property is located directly across from the historic Allen County Courthouse and within walking distance of many downtown amenities.

Surrounding the Journal-Gazette Building are office buildings, banks, parks, tourist attractions, restaurants, parking garages, and retail outfits. The property boasts superior visibility at one of downtown’s busiest intersections, with a traffic count of over 22,100 vehicles per day on Clinton Street at the Main Street intersection.

Fort Wayne is Indiana’s second-largest city, with a population of more than 260,000 people. Positioned 18 miles west of the Ohio border and 50 miles south of Michigan, Fort Wayne boasts a vibrant arts community, thriving downtown, and high quality of life. These assets combined with an affordable cost of living contributed to Fort Wayne being named the #1 Place to Raise a Family in 2017 (SmartAsset.com).

With a rich history in engineering and entrepreneurship and a deep-seeded Midwestern commitment to service, Fort Wayne’s economy is bustling with successful small businesses, established corporations, and foreign direct investment. As a state, Indiana ranked first in the nation for cost of doing business and infrastructure quality (CNBC 2016).

Businesses in Allen County have a one-day drive to more than one-fourth of the U.S. population and one-fifth of the Canadian population. More than 100 trucking companies serve Allen County using major interstates, U.S. highways, and state roads that cross the county. The Fort Wayne International Airport provides scheduled flights to major Midwestern and Southern cities.

For more information about Fort Wayne, please see the Community Profile at greaterfortwayneinc.com.

Indiana ranked first in the

nation for cost of doing

business and infrastructure

quality by CNBC in 2016,

and businesses in Allen

County have a one-

day drive to more than

one-fourth of the U.S.

population.

ESTIMATED DEMOGRAPHICS 1 MILE 3 MILES 5 MILES

Population 12,963 92,678 180,928

No. Households 5,285 36,390 72,725

Average HH Income $41,416 $44,298 $49,845

Daytime Population 32,098 70,168 125,207

Source: Nielsen, 2018

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LOCAL MAPS & TRAFFIC COUNTS

TRAFFIC COUNTS AADT

Clinton Street (N of Main) 21,200

Clinton Street (S of Main) 22,100

Main Street (E of Clinton) 12,600

Main Street (W of Clinton) 16,500Source: City of Fort Wayne

JOURNAL-GAZETTE BUILDING

FOR SALE

CONTACT US

Part of the CBRE affiliate network

BARRY STURGES, CPMCEO / Managing Director+1 260 424 8448barry.sturges@cbre-sturges.comwww.cbre.us/barry.sturges

JOHN CAFFRAYVice President of Brokerage+1 260 424 8448john.caffray@cbre-sturges.comwww.cbre.us/john.caffray

BRADY GARDNERBroker Associate+1 260 424 8448brady.gardner@cbre-sturges.comwww.cbre.us/brady.gardner

CBRE | STURGES202 W. Berry StreetSuite 500Fort Wayne, IN 46802www.cbre.us/fortwayne