RECENT AQUISITIONS

This five-building complex comprises 110,000 SF of flex space occupied by eleven tenants. The acquisition of this property was an example of the potent combination of local market knowledge and the national network of contacts created by Morgan principals over decades in the industry. The complex was acquired by an investor group including principals of Morgan and HSA Commercial Real Estate in 2010 and sold to an Arizona-based investment group in 2014.

Morgan partnered with Principal Real Estate Services to acquire this 128,000 SF strategically located complex near O’Hare Airport. This investment illustrates the successful merger of the capacity of an institutional investor and the experience, contacts and reputation of localized niche firm. The property was sold in 2015 to an investment group.

A venture composed of Morgan principals and individual investors purchased a 25% share of a ten-building package located near Milwaukee, Wisconsin. The park, comprising 600,000 SF, is tenanted by a variety of large warehousing companies and smaller local businesses. The investment was sold in 2014.

This 134,000 SF industrial building was built in 1977 and extensively renovated in 2000 before being acquired by a Morgan-sponsored entity in 2002. Originally home to jet engine manufacturer Pratt & Whitney, the company was subsequently leased to Sunshine Manufacturing. Upon Sunshine’s relocation the property was sold to Midwest Nonwovens, a manufacturer of batting and insulation. This investment proves the resilience of the Midwest manufacturing market and its significant contributions to the U.S. economy.

This 47,000 SF industrial building with 11,000 SF of office space was acquired in 2003. It comprises part of package owned by principals of Morgan and certain high net worth individuals. The building is 100% leased to Holland Applied Technologies.

Acquired in 2003, this 60,160 SF industrial building was built in 1988 with 53% office, 4 interior docks and 1 drive-in door. The entire building is leased to CrossCom National.

Building on long-standing relationships with RREEF principals in Chicago, Mike Klonoski created the Morgan Realty Fund, a $35 million joint venture. The fund's strategy was predicated on Mr. Klonoski's belief that small, free-standing industrial properties were intrinsically more valuable to end users than to institutional investors. The Morgan Realty Fund acquired 45 single-tenant industrial buildings in two separate transactions. These properties were 10,000 SF to 50,000 SF in size, and were located throughout the Chicago metro area, from Southwest DuPage County to O'Hare Airport. Over the four years of the Funds life, these buildings were sold to individual users, generating a return exceeding 15% IRR.

Strategically located near the intersection of I-55 and I-355, this development project was completed with a forward purchase commitment from Principal Financial. Comprised of three buildings totaling 134,000 square feet, the complex was occupied by a mix of industrial/office users. The complex also served as the home of Morgan Realty Partners and its sister firm Morgan Harbour Construction.