Hilco Real Estate to Sell 14 Giordano’s Restaurant Properties Including Flagship Property at 740 N. Rush Street in Chicago

Bids Being Solicited for the Going Concern Business, But Also for Individual Properties

NORTHBROOK, lll.--(BUSINESS WIRE)--Fourteen company-owned properties of Giordano’s, the storied Chicago pizza restaurant chain, are now available for sale, either as a portfolio or individually. The properties include the chain’s flagship restaurant and building located at 740 North Rush Street on Chicago’s Gold Coast.

Giordano’s, a casual dining concept best known for its “World Famous Chicago Stuffed Pizza,” filed for Chapter 11 bankruptcy relief in February, 2011. William Blair & Company and Hilco Real Estate were retained to advise the debtors. Bids are being solicited for the going-concern business as well as the real estate assets on a stand-alone basis.

Properties are located in the Chicago area, Florida and Arizona. They include a mix of income producing restaurants and value-add real estate opportunities. Most locations are leased to the corporate entity or franchisees. The deadline for initial indications of interest is set for September 8, 2011.

For more information, visit www.hilcorealestate.com/pizza or by calling 847-504-2464.

Type	Location	Square Feet
Mixed-Use (HQ / Flagship)	740 N. Rush Street, Chicago, IL 60611	138,845
Single Tenant Restaurant	1040 Belmont Avenue, Chicago, IL 60657	5,925
Single Tenant Restaurant	280 W. 22nd Street, Oakbrook Terrace, IL 60181	8,900
Single Tenant Restaurant	641 Plainfield Road, Willowbrook, IL 60527	7,596
Multi-Tenant Retail	1323 W. Lake Street, Addison, IL 60101	6,800
Multi-Tenant Retail	2870 W. Rt. 34, Oswego, IL 60543	7,120
Multi-Tenant Retail	2075 S. Ridge Road, Minooka, IL 60447	6,265
Single Tenant Restaurant	333 Executive Parkway, Rockford, IL 61107	4,400
Single Tenant Restaurant	1115 Chicago Avenue, Oak Park, IL 60302	3,510
Cold Storage Warehouse	2206 S. Busse Road, Mt. Prospect, IL 60056	27,600
Vacant Retail	401 Dale Mabry Highway., Tampa, FL 33609	6,362
Unimproved Land	2462 Sand Lake Road, Orlando, FL 32809	2,287,466
Unimproved Land	185 Cranes Roost Boulevard, Altamonte Springs, FL 32701	74,488
Unimproved Land	17014 W. Bell Road, Surprise, AZ 85388	42,920

About Hilco Real Estate, LLC

Hilco Real Estate helps businesses improve leverage and cash flow by repositioning and restructuring their real estate commitments. The company’s focus is to optimize value in the shortest period of time. Core competencies include strategic advisory and consulting services, owned portfolio disposition, lease portfolio sales/assignments, lease termination, lease renegotiation, leasing/subleasing, sale of non-core owned assets, sale/leaseback transactions, and fee and appraisals for leased and owned assets. The company, which is headquartered in Northbrook, Ill, is a division of The Hilco Organization. For more information please visit www.hilcorealestate.com.