| *Category Ranking | ||||
| Company: | Magellan Development Group LLC | |||
| Address: | 303 East Wacker Drive Suite 2750 | |||
| City: | Chicago | |||
| State: | IL | |||
| Zip: | 60601 | |||
| Phone: | 312.642.8869 | |||
| Fax: | 312.642.2773 | |||
| Email: | tvanhorn@magellandevelopment.com | |||
| Website: | www.magellandevelopment.com | |||
| Key Executive | ||||
| 1. Name: | Joel M. Carlins | |||
| Title: | Co-CEO | |||
| 2. Name: | James Loewenberg | |||
| Title: | Co-CEO | |||
| 3. Name: | David Carlins | |||
| Title: | President | |||
| 4. Name: | Robin Berger | |||
| Title: | Chief Marketing Officer | |||
| *Number of Offices: | 4 | 14 | ||
| *Number of Employees: | 100 | 18 | ||
| *Gross Revenues Fiscal Year 2006: | 381.0 million | 15 | ||
| *Projected Revenues Fiscal Year 2007: | 752.0 million | 6 | ||
| Selected Areas of Specialization: | Magellan Development Group specializes in developing urban residential and mixed-use communities throughout Chicago. Designing communities with sensitivity to the environment, Magellan is considered Chicago’s urban high-rise development expert. | |||
| Company Overview: | Lakeshore East is a venture of Magellan Development Group LLC, a recently formed corporate partnership culminating a long-term collaboration between Magellan Development Group and NNP Residential & Development, two of Chicago’s most accomplished and respected real estate organizations. Joel Carlins and James Loewenberg are co-chief executive officers of Magellan Development Group; David Carlins is president. Magellan will continue to steer development activity, while the NNP Residential division led by Robin Loewenberg Berger as president, will focus on property management and marketing services. All Magellan and NNP Residential affiliates, including Loewenberg Architects LLC, established in 1919, will continue to operate autonomously. Together, the two companies developed award-winning luxury rental communities including The Tides at Lakeshore East (under construction), The Shoreham at Lakeshore East, Grand Plaza, The Park Millennium, One Superior Place and Dearborn Place. Condominium developments at Lakeshore East include Aqua (under construction), The Parkhomes (pre-construction sales), The Chandler (under construction), 340 on the Park (under construction), The Regatta and The Lancaster. In addition, the two organizations independently developed hotels, retail, office and medical facilities throughout the United States. | |||
| *Total Portfolio Size: | 10,239,900 s.f. | 18 | ||
| Number of buildings: | 14 | |||
| Square Footage: | 4,782,144 | |||
| Number of Units/Rooms: | 2,812 | |||
| *Total Value of Portfolio: | 1.5 billion | 17 | ||
| Percentage by Property Type: | ||||
| Speculative: | 60 % | |||
| Build-to-Suit: | % | |||
| Preleased: | 40 % | |||
| Percentage by Property Type: | ||||
| Office: | % | |||
| Industrial: | % | |||
| Retail: | 5 % | |||
| Apartments: | 90 % | |||
| Hotels: | 5 % | |||
| Other: | % | |||
| (Please specify) | ||||
| Percentage by Geographic Area: | ||||
| Northeast: | % | |||
| Southeast: | % | |||
| Midwest: | 100 % | |||
| Southwest: | % | |||
| West: | % | |||
| International: | % | |||
| Total Starts in 2006: | 1 | |||
| Total Completions in 2006 | ||||
| Number of buildings: | 1 | |||
| Square Footage: | 674,935 | |||
| Number of Units/Rooms: | 325 | |||
| Total Value of Completions in 2006: | 181.0 million | |||
| Raw Score: | 88 |
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Spotlight
Magellan Development Group LLC
Joel M. Carlins
Co-CEO
2006 Gross Revenues: $ 381.0 million
2007 Projected Revenues: $752.0 million
Total Portfolio Size: 10,239,900 s.f.
Total Value of Portfolio: $ 1.5 billion
Number of Offices: 4
Number of Employees: 100
Joel M. Carlins
Co-CEO
2006 Gross Revenues: $ 381.0 million
2007 Projected Revenues: $752.0 million
Total Portfolio Size: 10,239,900 s.f.
Total Value of Portfolio: $ 1.5 billion
Number of Offices: 4
Number of Employees: 100
Contact Information
| Address | 303 East Wacker Drive Suite 2750 |
| City | Chicago |
| State | IL |
| Zip | 60601 |
| Phone | 312.642.8869 |
| tvanhorn@magellandevelopment.com | |
| Fax | 312.642.2773 |
| Web | www.magellandevelopment.com |