dma | property, LLC, an affiliate of Development Management Associates, LLC (DMA), delivers uniquely effective property management solutions for retail and mixed-use facilities. We are a boutique property management firm efficiently structured to select and provide the most appropriate services for each individual property.

Our mission is to maximize the value of client assets. We meet client needs with an exceptional blend of professional expertise—combining the diverse strengths of DMA and the seasoned experience of JMB Financial Advisors, LLC (JMB).

dma | property was formed at the request of our clients and is built on 30 years of relationships in the real estate industry. Members of our leadership team have developed and operated significant retail and mixed-use projects throughout the country.

Development Management Associates, LLC (DMA) works on behalf of our clients to develop and improve properties, achieving the highest levels of quality and financial performance.

In addition to property management expertise, DMA provides development, project management, tenant coordination, and project accounting services for a variety of significant development and redevelopment projects, including:

• Mixed-use buildings
• Lifestyle centers
• Super regional shopping centers
• Power centers
• Casinos
• Hotels
• Office buildings
• Select condominium developments
• LEED/green buildings
• Renewable energy installations
• Energy efficiency improvements

Our advanced technology and reporting capabilities support project success and client satisfaction. Our clients are real estate investors, entrepreneurs, corporations, investment trusts and public entities. They choose DMA for a unique set of strengths that enhance the visibility, credibility, and profitability of every project:

• Experience and Talent
  Executives at DMA have built respected reputations in the real estate industry. Having worked as owners themselves, they fully understand the owner's perspective. Decades of experience handling complex projects position DMA to deliver optimal results for clients. The company's culture of high performance and collegiality attracts employees of exceptional talent.
• Leadership and Communication
  DMA's proven leadership and communication skills add value at every stage of a project, fostering government and community support, facilitating rapid project progress, managing operational challenges and resolving issues with high satisfaction across all parties.
• Design Sensitivity and Sustainability
  DMA executives have architecture degrees and experience that elevate the quality of project design and optimize operational efficiency. They understand the importance of sustainable development and its impact on operations and can advise clients on how to incorporate strategies with positive environmental and economic impact.
• Collaborative Industry Relationships
  A successful project requires many successful partnerships. DMA's collaborative relationships with leasing and marketing professionals, architects, designers, contractors and tenants make a measurable contribution to project results.

Clients have entrusted Development Management Associates, LLC (DMA) with significant roles on the following projects.

MIXED USE

• Roosevelt Collection, Chicago, IL: Property management and tenant coordination for an urban mixed-use development in Chicago’s south loop. Includes a 16-screen, state-of-the-art cinema, an open air plaza extending two city blocks, 350 apartments, a 1,500-car parking garage, and 310,000 square feet of retail space. Opened residential, cinema and plaza components in December 2009. Retail opening projected for fall 2011.
• The Residences at 900, Chicago, IL: Development, project management and project accounting services for $75 million adaptive reuse of 160,000 square feet of office space, transformed into 47 high-end condominiums on Michigan Avenue. Includes an intensive green roof with 14,000 square feet of regional plantings. Completed in 2008.
• Rockville Town Square, Rockville, MD: Onsite tenant coordination and project management for final phase of $352 million, mixed-use urban project. Combines new town square with retail, restaurants, library, arts center and 600 residential units. Completed in 2008.

RETAIL/RESTAURANT

• 900 North Michigan Enhancements, Chicago, IL: Project management of signage, exterior and interior improvements to enhance street presence and wayfinding for the retail component of the structure. Projected for completion in 2011.
• Wheelhouse, Pittsburgh, PA: Project management services for sophisticated, fully wired sports bar within new Rivers Casino project. Opened in winter 2010.
• 10 W. Jackson Parkway Building, Chicago, IL: Retail consulting services for the renovation and reconfiguration of first- and second-floor retail space within a six-story building adjacent to the Mies van der Rohe-designed Dirksen Federal Building. Completed in spring 2009.
• Barneys New York, Chicago, IL: Development management services for the build-to-suit shell and core of Barneys New York’s Chicago flagship store. Spans 100,000 square feet and includes Fred’s restaurant on the sixth floor. Designed and built to achieve LEED-CS status. Completed in summer 2008.
• Linden Square, Wellesley, MA: Tenant coordination for the renovation of 200,000 square feet of retail. Completed in 2008.

CASINO/ENTERTAINMENT

• Des Plaines Casino, Des Plaines, IL: Comprehensive development management and project accounting services for the newest casino project in Illinois. Pursuing LEED certification for all elements of the 21-acre site and structure. Includes 1,300 gaming positions, eight restaurant and lounge venues, and a five-level structured parking deck immediately adjacent to the casino. Projected for completion in fall 2011.
• Sugarhouse Casino, Philadelphia, PA: Development management services for phased waterfront casino project with 1,700 slot machines and three food and beverage venues. Includes two hotels on a prominent site along the Delaware River. Projected for completion in September 2010.
• Rivers Casino, Pittsburgh, PA: Development management services and project accounting for waterfront casino project on Pittsburgh's north shore. Includes 100,000 square feet of gaming space, four restaurants, four lounges, and a 10-story, 3,800-space parking structure. Completed in August 2009.
• Riverwalk Casino and Hotel, Vicksburg, MS: Development management and project accounting for $100 million, mixed-use waterfront complex situated on a 22-acre site on the banks of the Mississippi River. Includes two restaurants, 80 hotel rooms and suites, and 800 gaming positions. Completed in October 2008.

ENERGY/GREEN BUILDING

• Des Plaines Casino LEED Certification, Des Plaines, IL: Management of project progress toward LEED certification under the new LEED v.3 system. Currently registered with GBCI and pursuing the goal of base-level certification for all site and structural elements at a negligible cost premium. Projected for completion in 2011.
• 900 North Michigan Green Roof East, Chicago, IL: Project management of a 15,000-square-foot green roof topping nine stories on the building’s east side. Includes a 700-square-foot terrace and a variety of irrigated sedums, grasses, trees, and flowering perennials. Proceeding in conjunction with lower-level structural retrofits and a 9th-floor office reconfiguration. Projected for completion in fall 2010.
• Hotel Energy Reduction Consulting, Chicago, IL: Leadership in strategically reducing energy consumption for the Four Seasons and Ritz Carlton hotels based on the ownership’s carbon emissions targets. Ongoing.
• Century Park West Solar Installation, Los Angeles, CA: Project management of 495 kW AC-CEC rated photovoltaic installation on the upper level of a parking structure. Includes 2,200 Sharp PV panels over approximately an acre of parking deck. Completed in February 2010.
• MGM Tower Solar Installation, Los Angeles, CA: Project management of 431 kW AC-CEC rated photovoltaic installation on the upper level of a parking structure—the third largest PV system in the city at the time of installation. Includes over 1,400 Schott PV panels. Completed in December 2009.

PORTFOLIO SERVICES

• Federal Realty Investment Trust, Midwest portfolio of properties: Tenant coordination and construction oversight for retail properties in Illinois and Michigan totaling nearly one million square feet. Ongoing.
• ServiceStar Retail Tenant Coordination, Greenwood Village, CO: Tenant coordination consulting to ServiceStar's retail group to assist in determining best practices and offer training and advice in broad aspects of tenant coordination procedures and systems. Ongoing.
• McCaffrey Interests Tenant Coordination, Suburban Washington, DC portfolio of properties: Tenant coordination services for over 400,000 square feet of retail open air centers. Ongoing.
• GEM/Budget Self Storage Facilities, Various locations in North Carolina and Ontario, Canada: Owner's representation on a portfolio of joint venture storage facility projects. Completed in summer 2009.

Development Management Associates, LLC (DMA) adds value at every stage of a real estate project, from idea through occupancy.

While serving roles in other firms, DMA's principals and staff members have played leading roles in successful projects that include:

MIXED USE

• Branson Landing, Branson, MO: lifestyle center (waterfront retail and entertainment), new development, $110 million, 500,000 square feet, phased opening for local developer HCW, completed 2006
• The Glen Town Center, Glenview, IL: publicly funded mixed-use centerpiece of award-winning redevelopment project resulting from a Naval Air Station base closure for Oliver McMillan, completed 2003
• The Streets at Southpoint, Durham, NC: hybrid mall (exterior retail and entertainment), $120 million, 1.3 million square feet, 96% occupancy, 122 stores, 525,000 square feet at grand opening for Urban Retail Properties Co., completed 2002
• 900 N. Michigan Ave., Chicago, IL: 66-story multi-use complex (luxury retail, office, residential, hotel), new development, $550 million, 2.6 million square feet, phased opening for JMB, completed 1988

RETAIL

• Houston Galleria, Houston, TX: super-regional, mixed use shopping center, major expansion and redevelopment, $118 million.
• Galleria at Roseville, Sacramento, CA: hybrid mall (exterior retail and entertainment), new development, $100 million, 1.1 million square feet, 106 stores, 97% occupancy, 388,000 square feet at grand opening for Urban Retail Properties Co., completed 2000.
• Citrus Park Town Center, Tampa, FL: regional center, 120 stores, 98% occupancy, 445,000 square feet at grand opening for Urban Retail Properties Co., completed 1999
• Old Orchard Shopping Center, Skokie, IL: outdoor upscale shopping center (five anchors), expansion and renovation, $250 million, 1.8 million square feet, phased opening for Urban Retail Properties Co., completed 1994 and 1995
• Oakbrook Center, Oakbrook, IL: Outdoor upscale regional shopping center, several expansions including a $150 million Nordstrom expansion Urban Retail Properties Co. completed 1991

RENOVATION PROJECTS

• River Oaks, Calumet City, IL: Enclosure of open air regional center while in operation, completed 1993
• Tabor Center, Denver, CO: urban vertical shopping center, redevelopment and expansion for Equity Office Properties, $25 million.
• 333 Wacker Drive, Chicago, IL: Major corrective work of iconic high rise office building located at the bend of the Chicago River. Work included reglazing, floor leveling roof repairs and interior office fit out.
• Stratford Square, Bloomingdale, IL: $12 million renovation of regional shopping center for Ohio Teachers and Heitman.
• Rush Walton Collection, Chicago, IL: Redevelopment of 25,000 square foot retail building for JMB Realty Corporation

OFFICE

• MGM Tower, Century City Los Angeles, CA: 35-story office building, new development, $320 million, 710,000 square feet for JMB Realty Corporation
• Sun American Building, Century City, LA: 34-story office building, new development, $75 million, 750,000 square feet for JMB Realty Corporation
• City Place, Hartford, CT, 38-story office building, 960,000 square feet for Aetna Insurance

GOVERNMENTAL

• Ronald Reagan Building & International Trade Center, Washington, DC: Fit out of commercial retail and office space within the complex for the GSA

FEASIBILITY PROJECTS

• Desert Passage, Las Vegas, NV: Repositioning and redevelopment of 475,000 retail center on the Las Vegas strip for RFR Holding and Sutton East
• Waterside Place, Boston, MA: 1.2 million square feet mixed use center on Port Authority air rights in the Sea Port District

dma | property creates tailored management strategies with an elevated attention to detail for each property. Our emphasis on efficient operations supports our mission to maximize asset value for clients. We work with some of the best professionals in the industry to develop and deliver effective property management solutions.

The leadership of dma | property has a wealth of experience in significant retail and mixed-use projects throughout the country. Our management partner, JMB Financial Advisors, LLC, brings decades of experience operating a wide range of retail and mixed-use facilities.

We have combined our expertise with an efficient accounting model and a customized approach to marketing support. Together, our management team staffs and manages client properties as efficiently and productively as possible, bringing selected expertise to bear on each property in a highly personalized manner.

Our purpose is simple: dma | property exists to maximize the asset value of our client’s properties.

dma | property provides essential management, marketing and accounting services and offers additional capabilities based on client and property needs in the areas of tenant coordination, development management, and project management.

When clients request leasing services, we select third-party leasing groups specifically suited to the needs of each client property. Separate agreements between property owners and third-party leasing groups detail leasing activities. This separation of leasing and management responsibilities differentiates dma | property from other property management firms and improves our ability to deliver the tailored strategies that our clients seek.

• Jason Westrope is our client relationship manager and serves as the primary point of contact for property management clients, ensuring that every aspect of every asset receives appropriate attention.
• Barry Graham provides regional management oversight to our properties and is supported by a staff of experienced operations, maintenance, security and marketing professionals.
• Martha Spatz provides overall leadership to the dma | property team, coordinating internal staffing and collaboration among internal and external resources.
• Tim Feldballe serves as the chief financial officer for dma | property and is responsible for all accounting and financial reporting functions for our clients.
• Charles Bagley acts as regional director of security, advising clients on risk mitigation and leading the effective operation of onsite security forces.
• Julia Burnham leads all corporate marketing and positioning strategy for client properties.

Jason Westrope, CDP, LEED AP

Client Relationship Manager

Jason was directly involved in the creation of dma | property, manages client relationships for the business, and drives marketing efforts for both dma | property and Development Management Associates (DMA). He was actively involved in vendor selection for Roosevelt Collection and in managing marketing efforts for the property in preparation for its theater and retail plaza opening.

Jason has spent 15 years in development consulting, project management, and urban design, driving greater success for numerous high-profile projects across the country. To clients, Jason brings comprehensive development foresight, professional design experience, and outstanding project management skills.

Jason is a thought leader at dma | property and DMA in the areas of sustainability, green building, and energy reduction initiatives. He is committed to building and sharing his expertise within the broader community and has made notable contributions to the following projects:

• Des Plaines Casino LEED Certification, Des Plaines, IL: Leading progress towards LEED Certification under the new LEED v.3 system. Currently registered with GBCI and pursuing the goal of base-level certification for all project elements at a negligible cost premium.
• 900 North Michigan Green Roof East, Chicago, IL: Managing the implementation of a 15,000-square-foot, intensive green roof garden and terrace on the 9th floor podium and renovation of the office component of the mixed-use high-rise structure
• Four Seasons Hotel Energy Reduction, Chicago, IL: Leading ongoing energy reduction strategies in concert with both chief engineers and outside vendors and contractors for the Four Seasons Hotel and the neighboring Ritz Carlton Hotel
• Century Park West Solar, Los Angeles, CA: Managed the installation of a 495 kW photovoltaic (PV) system on the upper deck of a parking structure in Century City area
• MGM Tower Solar, Los Angeles CA: Managed the installation of a 431 kW PV system on the upper deck of a parking structure at MGM Tower – currently the fourth largest solar installation in Los Angeles and the largest on a class-A office property
• Barneys New York, Chicago, IL: Provided development consulting and project management services for the LEED-CS certifiable flagship store, a 100,000-square-foot, build-to-suit facility

Prior to joining DMA, Jason served as assistant vice president of development for Urban Retail Properties. In previous roles, he served as project manager and led tenant coordination in the grand openings for five nationally recognized regional shopping centers. Jason has worked as a senior project manager with Transwestern Commercial Services, as a private urban design and planning consultant, and as a consultant with HDR Engineering, Inc., specializing in new town planning, sustainable development, and transit-oriented design. He gained experience as an architect and in corporate interior design with clemmonsArchitecture in St. Petersburg, Florida and HOK Chicago. Jason began his career as a design associate for the Florida Center for Community Design and Research, where he contributed to several community design plans and worked with municipal governments throughout Florida and in the southeast.

As a development consultant or in project management roles, Jason has made a substantial contribution to the following additional projects, among others:

• One Scottsdale, Scottsdale, AZ: luxury, mixed-use center, new development consulting
• Branson Landing, Branson, MO: lifestyle center (waterfront retail and entertainment), development and tenant coordination consulting, $110 million, 500,000 square feet
• The Glen Town Center, Glenview, IL: publicly funded mixed-use centerpiece of award-winning redevelopment project (resulting from a Naval Air Station base closure)
• The Streets at Southpoint, Durham, NC: hybrid mall (exterior retail and entertainment), new development, $120 million, 1.3 million square feet, 96% occupancy, 122 stores, 525,000 square feet at grand opening
• Galleria at Roseville, Sacramento, CA: hybrid mall (exterior retail and entertainment), new development, 106 stores, 97% occupancy, 388,000 square feet at grand opening
• Citrus Park Town Center, Tampa, FL: regional center, 120 stores, 98% occupancy, 445,000 square feet at grand opening

Jason holds a Master of Architecture from the University of South Florida and a Bachelor of Science in mechanical engineering from Virginia Tech. He is a LEED Accredited Professional as granted by the U.S. Green Building Council and regularly contributes to teaching architecture and urban design at the university level. Jason is also the current co-chair of the USGBC Chicago Research and Education Committee and sits on the newly formed HACIA Sustainability Committee.

Barry W. Graham

Vice President, JMB Financial Advisors, LLC

General Manager, 900 North Michigan Avenue

Barry W. Graham is vice president of JMB Financial Advisors, LLC and general manager of 900 North Michigan Avenue in Chicago. He is responsible for overseeing the operations for the 2.7 million-square foot mixed-use development consisting of a shopping mall, the Four Seasons Hotel, offices, parking garage, and luxury condominium residences.

Prior to JMB, Barry worked for Urban Retail Properties, LLC for 24 years and has been involved in management for a number of retail, office and mixed-use properties across the country, including Water Tower Place, Chicago, IL; 730 North Michigan Avenue, Chicago, IL; The Merchandise Mart, Chicago, IL; Fox Valley Center, Aurora, IL; San Francisco Shopping Center, San Francisco, CA; Pacific Place Shopping Center, Seattle, WA; Houston Galleria, Houston, TX; Southridge Shopping Center, Greendale, WI and MGM Tower, Los Angeles, CA.

In addition, Barry has also consulted with The Related Companies on Columbus Centre in New York City and with DMB Associates on One Scottsdale Center in Scottsdale, AZ. He is currently providing DMA with operational consulting on the Roosevelt Collection project in Chicago.

Barry received a Masters of Business Administration from Loyola University of Chicago. He also holds a Bachelors of Science in accounting from Illinois State University.

Martha Spatz, AIA, CDP, LEED AP

Principal

For more than 29 years, Martha Spatz has worked with building owners and tenants to launch and sustain successful commercial properties.

Martha founded Development Management Associates, LLC (DMA) in 2007 with Mike Levin and Charles Porter. In 2009 she was instrumental in the formation of dma | property. Martha oversees property management and tenant coordination services as well as directing business development, marketing, and operations within the organization. Her accomplishments for clients of dma | property and DMA include leading the following projects:

• Roosevelt Collection, Chicago, IL: Leadership of property management efforts supporting cinema and retail plaza opening in December 2009; retail opening planned for 2011
• Federal Realty Investment Trust, Midwest portfolio of properties: Ongoing tenant coordination and construction oversight for retail properties totaling nearly one million square feet
• McCaffrey Interests, select portfolio of properties: Ongoing tenant coordination and construction oversight for retail properties totaling nearly one million square feet
• GEM/Budget Self Storage Facilities, multiple locations in North Carolina and Ontario, CA: Owner's representation on joint venture projects

Previously, Martha headed the tenant coordination department at Urban Retail Properties, overseeing an average of 700 tenant deals at existing client properties per year for more than a decade. She also worked as an architect in several Chicago-area firms.

Martha has played a lead tenant coordination role, working as an owner and on behalf of client owners, for projects that also include:

• Branson Landing, Branson, MO: lifestyle center (waterfront retail and entertainment); 99 stores; 500,000 square feet; phased opening
• The Streets at Southpoint, Durham, NC: hybrid mall (exterior retail and entertainment); 96% occupancy, 122 stores, 525,000 square feet at grand opening
• Citrus Park Town Center, Tampa, FL: regional center; 120 stores, 98% occupancy, 445,000 square feet at grand opening
• Oakbrook Center, Oakbrook, IL: outdoor upscale shopping center; expansion; phased opening
• 900 N. Michigan Ave., Chicago, IL: 66-story multi-use complex (seven stories of luxury retail); phased opening

Martha is a licensed architect and holds a master's degree in architecture and a bachelor's degree in architectural studies from the University of Illinois-Champaign. She is also a LEED Accredited Professional as granted by the U.S. Green Building Council. She is an active leader within the shopping center industry through the International Council of Shopping Centers (ICSC). She chaired the ICSC CenterBuild Conference in 2003 and served on the Program Committee for 10 years. Martha is currently serving on the CenterBuild Advisory Council, the ICSC–CDP Governing and Admissions Committee, and the program committee of CREW-Chicago (Commercial Real Estate Women).

Timothy J. Feldballe

Regional Accounting Manager

Tim Feldballe has more than 28 years of extensive experience in business development and project and financial management. He has held principal finance and accounting roles in development and redevelopment projects totaling more than $3 billion. His strong work ethic, integrity, and analytical and communication skills make him an outstanding leader, uniquely capable of building and energizing cross-functional teams.

Tim’s expertise delivers exceptional breadth and depth to the property accounting services at dma | property. In 2009 he was instrumental in the formation of the company and in providing sound financial oversight to the Roosevelt Collection project, an ongoing role. His substantial contributions to DMA client work include the following projects:

• Rivers Casino, Pittsburgh, PA: slots casino with restaurants and 3,600-car structured parking; 100,000 square feet; $300 million hard cost project, rescued and completed after the original developer failed to secure financing
• Casino for Midwest Gaming, Des Plaines, IL: 20-acre site with 45,000 square feet of gaming space and an additional 30,000 square feet for food and beverage businesses; expected to open in fall 2011
• The Residences at 900, Chicago, IL: adaptive reuse of 160,000 square feet of office space to 47 high-end condominiums; $75 million
• Barneys New York, Chicago, IL: specialty department store; build to suit; 100,000 square feet
• Riverwalk Hotel/Casino, Vicksburg, MS: $100 million waterfront casino project

Previously, Tim served as vice president-controller for Urban Retail Properties, where he oversaw all internal and external aspects of development accounting for a 23-person division generating more than $5 million in annual revenues.

Tim has been instrumentally involved in the development and redevelopment of notable retail shopping centers, office buildings, residential properties, and hotels in markets across the country, among them:

• Copley Place, Boston, MA
• MGM Tower, Century City Los Angeles, CA: 35-story office building; new development; $325 million; 710,000 square feet
• 900 N. Michigan Ave., Chicago, IL: 66-story multi-use complex (luxury retail, office, residential, hotel); new development; $550 million; 2.6 million square feet
• Two Logan Square, Philadelphia, PA
• The Westin Times Square, New York, NY

A Certified Public Accountant, a member of the Illinois CPA Society and an Illinois-licensed real estate broker, Tim holds a bachelor’s degree in accounting and business administration from Huntington College. He also serves on the executive board for the Fox Valley chapter of Habitat for Humanity.

Charles Bagley

Security Manager, JMB Financial Advisors, LLC

900 North Michigan Avenue

Chuck Bagley has three decades of experience in security management. On behalf of JMB Financial Advisors, he currently oversees security operations for 900 North Michigan Avenue in Chicago. The mixed-used development includes 2.7 million square feet of retail, office, and residential space.

Prior to JMB, Chuck worked for Urban Retail Properties, LLC. He was involved in security management for Illinois properties including 333 West Wacker Drive, Chicago; Stratford Square Mall, Bloomingdale; Old Orchard Center, Skokie; and 730 North Michigan Avenue, Chicago. While with Urban, Chuck also consulted on security management matters for numerous properties around the country.

He holds a Bachelor of Science in criminal justice from Loyola University of Chicago.

Julia Burnham

Vice President, JMB Financial Advisors, LLC

Portfolio Manager, 900 North Michigan Avenue

Julia Burnham is vice president of JMB Financial Advisors, LLC and portfolio manager of 900 North Michigan Avenue in Chicago. She oversees leasing, marketing, design and tenant coordination for the retail component of the 2.7-million-square-foot, mixed-use development.

During her 22 years with JMB Financial Advisors, Julia has been a portfolio manager responsible for several retail, office and mixed-use properties, including the Cadillac Fairview U.S. shopping centers; Copley Place, Boston, MA; Old Orchard, Skokie, IL; West Oaks Mall, Houston, TX; Westdale Mall, Cedar Rapids, IA; First City Tower, Houston, TX; and 200 South Wacker, Chicago, IL.

Julia is also involved with business development for JMB Financial Advisors including consulting and refinancing services. She recently provided consulting services for Schnitzer West’s new development, The Bravern, Seattle, WA.

A Certified Public Accountant, Julia holds a Bachelor of Science in accounting from St. Thomas University, Houston, TX.