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05.16.2008
Black, White and Red All Over
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Progress Report

About Beitler Real Estate Corporation

Prior to starting Beitler Real Estate Corporation, J. Paul Beitler was co-founder of Miglin-Beitler Developments with his partner, Lee Miglin. Beitler Real Estate Corporation was founded by J. Paul Beitler following the death of Lee Miglin in 1997.

Over the course of Mr. Beitler’s 30 year real estate career, he has achieved a remarkable financial success record for his partners and investors. Mr. Beitler has been responsible for the development of over 10 million square feet of Class A office space, including some of the largest and most architecturally distinguished building in the City and suburbs. Many of these developments sold for the highest values in the history of Chicago providing unprecedented financial returns for investors.

Mr. Beitler’s office building redevelopment group has also received numerous awards for successfully transforming older office buildings into financially successful showcase properties. Many of these buildings would have been lost to the wrecking ball, but instead have been saved so that their architectural beauty can be enjoyed by future generations.

In addition, Mr. Beitler created a management company (formerly Miglin-Beitler Management) responsible for a portfolio of over 30 million square feet in 16 states, as well as the privatization of the management of the largest public building in Chicago, the Richard J. Daley Center. His management style and attention to detail have established standards of excellence throughout the industry.

The Beitler Team is proud to service its clients in all aspects of real estate – without compromise.


 

Beitler Team Leadership


J. Paul Beitler – President

J. Paul Beitler has been one of Chicago’s best known real estate leaders and most productive developers for over thirty years. His high profile developments and detailed management style have placed him and his firm among Chicago’s most respected real estate teams in the history of Chicago.

Prior to entering the real estate world, Mr. Beitler served in the Vietnam War where he earned the Army’s Bronze Star. He returned to the United States and eventually began his career as a real estate broker in Chicago. Mr. Beitler has been recognized as one of Chicago’s most powerful real estate brokers, most well known for acting as the sole broker in the largest single transaction in the history of Chicago - the long term lease of Bank One Center by Bank One (650,000sf). In 1991 Mr. Beitler made international headlines when he unveiled plans to develop the tallest building in the world, the Miglin-Beitler Tower. Ultimately the project lost steam due to the recession of the global economy, however, Mr. Beitler’s other successful developments have earned the respect of business leaders and competitors alike.

In addition to his success and involvement in the business world, Mr. Beitler is extremely active in many prominent civic, cultural and business institutions. He currently serves on the Board of Trustees of the Museum of Science and Industry, Board of Trustees for the Museum of Contemporary Art, Member of the Architecture Committee of the Art Institute of Chicago and is on the International Board of Directors for the Frederic Remington Art Museum in New York.

Mr. Beitler is an Advisory Board Member for Northwestern University’s J.L. Kellogg Graduate Center for Real Estate Research, Member of the Board of Directors for the Greater State Street Council and is on the Board of the Chicago Development Council.

Mr. Beitler was inducted in the Chicago Association of Realtor’s Hall of Fame in 2001. He is also a volunteer at the Child Life Center at Children’s Memorial Hospital.

On a personal level, Mr. Beitler is extremely active in many different activities, having received his Airline Transport Pilot rating for both fixed-wing jet and turbine-helicopter aircraft by the FAA.



James A. West – Executive Vice President

Mr. West has over 30 years for commercial and residential real estate experience. Mr. West spent 20 years as Senior Vice President at Equitable Real Estate Investment Management, Inc. where he directed equity acquisitions and sales. Later, Mr. West was Executive Vice President at American Invsco Corp. responsible for acquiring multi-family real estate and arranging acquisition financing.

Mr. West’s major accomplishments include the purchase of over 5,000 apartment units, negotiated real estate acquisitions in excess of $2 billion, responsible for overseeing the development of the 792,000 sf NBC Tower in Chicago, IL including negotiating the lease transactions with numerous tenant including NBC (230,000 sf) and Navistar International Corporation (160,000 sf).

At Beitler, Mr. West is responsible for overseeing all aspects of development for Beitler’s commercial, residential and retail projects. Mr. West’s deep understanding of finance and long history in the industry provide Beitler with a strong ability to execute on a diverse array of projects.

Mr. West received his BS in Real Estate and Finance form the University of Missouri and is active in various real estate economic associations and organizations including: The Chicago Development Council, The Economic Club of Chicago and The Real Estate Board of New York.



Kevin D. McGee, CPA – Controller

Mr. McGee serves as the firms Controller and is responsible for financial oversight of the company’s development and management projects including The Shops at Millennium Station. In addition, Mr. McGee manages the day-to-day financial operations of the firm as well as construction loan management for Beitler development projects. Prior to joining Beilter, Mr. McGee was a Senior Property Accountant for Prime Group Realty Trust in Chicago, IL.

Mr. McGee received a Masters of Accounting and Financial Management from the Keller Graduate School of Management and is a CPA.



Thomas A. Bueltmann – General Counsel

Mr. Bueltmann manages all legal work for Beitler relating to development, leasing, acquisitions, dispositions and brokerage. Prior to joining Beitler, Mr. Bueltmann worked as a legal assistant in the litigation department of a boutique Wall Street law firm in New York.

Mr. Bueltmann received his Bachelor of Arts in Political Science from Columbia University in New York, New York, and his JD from University of Illinois College of Law and is a licensed Illinois Real Estate Salesperson.


Kevin M. Newell – Manager, Investment Services

Mr. Newell is in charge of performing all financial analysis for Beitler development projects including commercial, residential and retail. Mr. Newell establishes the necessary models summarizing the leasing structure, budget, rental growth rates, financing structure NOI yields and IRRs for proposed developments.

Prior to joining Beitler, Mr. Newel was a Senior Analyst with Equity Office Properties Trust. Mr. Newell worked on a team that lead EOP’s office market forecasting process and evaluated domestic office markets as part of EOP’s Target Market Selection Process. Mr. Newell received his Bachelor of Science in Finance from the Wallace E. Carroll School of Management at Boston College.







 
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