453,206 SF CLASS A INDUSTRIAL PARK WITH 893,000 SF OF DEVELOPMENT POTENTIAL CHARLOTTE, NORTH CAROLINA

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1 453,206 SF CLASS A INDUSTRIAL PARK WITH 893,000 SF OF DEVELOPMENT POTENTIAL CHARLOTTE, NORTH CAROLINA

2 4 RIVEROAKS CORPORATE CENTER TWO-BUILDING, 453,206 SF CLASS A INDUSTRIAL PORTFOLIO WITH 893,000 SF OF DEVELOPMENT POTENTIAL CHARLOTTE, NORTH CAROLINA 8475 AUTOMATION DRIVE 309,536 SF RIVER OAKS CORPORATE CENTER Holliday GP Corp. ( HFF ) and Jones Lang LaSalle ( JLL ) as North Carolina licensed real estate brokers, have been retained by Beacon Partners as the exclusive sales representatives for RiverOaks Corporate Center, a masterplanned Class A industrial park featuring two best-inclass industrial facilities totaling 453,206 square feet in addition to three pre-graded development pads capable of accommodating an additional 893,000 square feet. The park s existing buildings, 800 Derita and 8475 Automation, enable investors to take advantage of stable cash flows behind a unique lease-to-core opportunity. With three pregraded development sites totaling 78.5 acres, RiverOaks also presents investors with the luxury of significantly mitigating both financial and opportunity risk associated with costly, time-consuming site work required to take raw land to pad-ready condition. Furthermore, RiverOaks provides investors with the incredibly rare opportunity to establish a five-building, 1.35 MSF trophy-quality portfolio in the high barriers-to-entry Charlotte market. 800 DERITA ROAD 143,670 SF 700 DERITA ROAD 203,553 SF (Pad-Ready-Permitted) 8400 AUTOMATION DRIVE 441,444 SF (Pad-Ready-Permitted) 00 AUTOMATION DRIVE 248,000 SF (Pad-Ready) Situated adjacent to the Concord Regional Airport, in Concord, North Carolina, RiverOaks Corporate Center is strategically located along the explosive Interstate (I- ) corridor, which acts as the industrial backbone of the Southeast, providing tenants seamless access to virtually every major Southeastern population hub. Additionally, RiverOaks is located just 20 minutes from Uptown Charlotte the market s epicenter for commercial activity. The park is positioned within the high-growth and preferred labor base of the Cabarrus County industrial submarket, which has accounted for nearly 30% of the Charlotte market s 4.9 million square feet of positive net absorption over the past 24 months, making it one of Charlotte s most desirable destinations for industrial users. RIVEROAKS CORPORATE NORTH POINTE CENTER I 2

3 PROPERTY SPECIFICATIONS ADDRESS NO. OF EXISTING BUILDINGS NO. OF DEVELOPMENT SITES (TOTAL ACREAGE) RENTABLE BUILDING AREA 800 Derita Road, 8475 Automation Drive NW Concord, North Carolina Buildings EXISTING 800 Derita 8475 Automation Total Existing DEVELOPMENT 700 Derita 8400 Automation 00 Automation Total Buildable RiverOaks Total 3 Sites (78.5 Acres) 143,670 SF 309,536 SF 453,206 SF 203,553 SF 441,444 SF 248,000 SF 892,997 SF 1,346,203 SF OCCUPANCY WALT 800 Derita 8475 Automation Total Occupancy 100% 0% 32% 7.72 Years TENANTS K1 Speed (73,667 SF) Source Building Products (20,256 SF) Classic Ventures Group (49,747 SF) RIVEROAKS CORPORATE CENTER 3

4 INVESTMENT HIGHLIGHTS RIVEROAKS CORPORATE CENTER CRITICAL MASS: When fully built-out, RiverOaks Corporate Center provides investors with the unique opportunity to own a five building, 1.35 MSF Class A industrial park in the high barriers-to-entry Charlotte industrial market RARE DEVELOPMENT OPPORTUNITY: As well-located developable industrial sites become increasingly scarce in the Charlotte market, RiverOaks Corporate Center offers the ability to develop an additional 893,000 square feet on three pre-graded pads, which significantly mitigates high-cost site work and topographical risk while offering an accelerated path to construction FLEXIBILITY AND OPTIONALITY: Existing cash flows coupled with pre-graded sites that offer a diverse array of industrial product, presents investors with the flexibility to carry out a staged development plan tailored to market conditions while maintaining the ability to quickly mobilize for build-to-suit opportunities LEASE-TO-CORE: Currently vacant, 8475 Automation provides investors with a lease-to-core opportunity on a building that has experienced strong leasing activity within a Cabarrus County submarket which has exhibited 1.45 MSF of positive net absorption over the last 24 months STABLE EXISTING CASH FLOWS: Currently 100% leased to three tenants, 800 Derita boasts nearly eight (8) years of weighted average remaining lease term, providing stable, long term cash flows behind multiple value creation opportunities within the park HIGHLY ACCESSIBLE LOCATION: RiverOaks benefits from exceptional access to I- and I-4 via the Poplar Tent Rd exit (1.0 miles) and Concord Mills Blvd exit (2.7 miles) RIVEROAKS CORPORATE CENTER 4

5 PROPERTY PROFILE CLASS A INDUSTRIAL PARK WITH TROPHY-QUALITY CONSTRUCTION RiverOaks Corporate Center is a 119 acre best-in-class industrial park consisting of two existing facilities totaling 453,206 square feet, and three pre-graded development pads capable of accommodating an additional 892,997 square feet, bringing the park to nearly 1.35 million square feet of trophy-quality industrial product when fully developed. EXISTING BUILDINGS 800 Derita: 143,670 square foot, 210' deep rear-load facility with excellent multi-tenant capabilities, 24' clear heights and an expandable 140' concrete truck court 8475 Automation: 309,536 SF, front-load distribution facility with a 32' clear height, 50' x 52'-6" column spacing, 1' concrete truck court with 70 trailer parking spaces Both facilities feature attractive tilt-up concrete construction, ESFR sprinkler systems and 60 mil TPO roofs with 15 year warranties Existing and planned RiverOaks facilities sport unmistakable modern metal awnings, attractive glass lines and unique tri-colored paint schemes, establishing a consistent park-like environment RIVEROAKS CORPORATE CENTER 5

6 POPLAR TENT RD 00 Automation Dr. NW 248,000 SF (Pad-Ready) 8400 Automation Dr. NW 441,444 SF (Pad-Ready-Permitted) 8475 Automation Dr. NW 309,536 SF AUTOMATION DR 700 Derita Rd 203,553 SF (Pad-Ready-Permitted) EXISTING DEVELOPMENT 800 Derita Rd 143,670 SF DERITA RD 700 DERITA 8400 AUTOMATION 00 AUTOMATION Rentable Building Area 203, , ,000 SF Clear Height 32' 32' 32' Loading Configuration Rear-Load Cross-Dock Front-Load Building Depth 215' 420' 310' Truck Court 135' 1'/245' 1' Trailer Storage Spaces None Permitted Yes Yes No Sprinkler System ESFR ESFR ESFR DEVELOPMENT OPPORTUNITY Three development pads totaling approximately 78.5 acres capable of accommodating nearly 893,000 square feet of additional Class A industrial space Pre-graded pads and existing retention ponds minimize site work required to commence construction on building shells 700 Derita and 8400 Automation have already been fully permitted, allowing investors to immediately begin construction process Each building has access to existing public utilities systems within the park and one centralized pump house to accommodate the ESFR sprinkler systems RIVEROAKS CORPORATE CENTER 6

7 77 RIVEROAKS LOCATION OVERVIEW CHARLOTTE, NORTH CAROLINA Statesville Rd Strategically located along Interstate, the industrial backbone of the Southeast, providing seamless regional connectivity to major population hubs between Atlanta and Washington, DC, including Greenville-Spartanburg, Raleigh-Durham and Richmond Positioned adjacent to Concord Regional Airport, RiverOaks sits just 15 miles from Uptown Charlotte, allowing tenants to reach the market s epicenter of commercial activity within a 20 minute drive ilkinson Blvd Charlotte Douglas International Airport Billy Graham Pkwy UPTOWN South Blvd N Try on St E Independence Blvd The property enjoys seamless access to Interstate 4 (3.5 miles), Charlotte s outer beltline that connects employees to all corners of the Charlotte MSA including Charlotte Douglas International Airport the sixth busiest airport in the nation RiverOaks continues to be the direct beneficiary of several significant infrastructural improvements including a $1.4 million widening of Poplar Tent Road into an eightlane super street, as well a two-phased project that will widen Derita Road to four lanes by the end of 2019 Located five minutes from Concord Mills, one of the Charlotte area s most popular shopping destinations and North Carolina s largest outlet mall, tenants of RiverOaks enjoy access to over three million square feet of retail, dining, lodging and entertainment amenities One of the fastest-growing hubs in the Charlotte MSA, the cities of Concord and Kannapolis are currently undergoing transformative master-planned city center redevelopments totaling over $250 million in investments to create vibrant livework-play destinations RIVEROAKS CORPORATE CENTER 7

8 CONCORD INTERNATIONAL BUSINESS PARK STEWART- HAAS RACING SHOE SHOW FedEx, Owens Corning, Sysco, Pass & Seymour, Celgard, ABC Operations Center, Geodis Logistics and Elite Logistix AMAZON 1.0 MSF BTS STANLEY BLACK & DECKER AFTON RIDGE BUSINESS PARK HD SUPPLY MCLANE FOODSERVICE SP RICHARDS SBM SOLAR GORDON FOOD TO UPTOWN MARKET OVERVIEW EXPLOSIVE INDUSTRIAL MARKET RIVER OAKS CORPORATE CENTER POPLAR TENT ROAD 8400 AUTOMATION DRIVE 00 AUTOMATION DRIVE 700 DERITA ROAD CROWN TRUCKS 800 DERITA ROAD 8475 AUTOMATION DRIVE GANASSI RACING CONCORD REGIONAL AIRPORT DERITA ROAD CONCORD AIRPORT BUSINESS PARK JJ Haines, Classic Graphics, Celgard Overall, the Charlotte market is 95% occupied and has generated 4.9 million square feet of positive net absorption over the past 24 months while rental rates have grown 18% since the beginning of 2015 Following five consecutive quarters of occupancy greater than 90%, the Cabarrus County submarket is currently 91% leased on the heels of 1.45 million square feet of positive net absorption over the last 24 months With an average rental rate of $4.83 PSF, the Cabarrus County submarket is currently garnering a $0.32 premium to the overall Charlotte market, while rates for smaller Class A spaces within the submarket have pushed through the $5.00 PSF barrier As the Concord-Kannapolis area has evolved into a flourishing residential and commercial hub, a rolodex of brand-name industrial users such as Amazon (1.2 MSF), Stanley Black and Decker (832k SF), JJ Haines (500k SF) and FedEx (686k SF) have planted significant flags in the Cabarrus County submarket to take advantage of a skilled labor pool, ample lifestyle amenities and reduced travel times RIVEROAKS CORPORATE CENTER 8

9 RIVEROAKS CORPORATE CENTER 4 CONCORD MILLS SHOPPING MALL UPTOWN CHARLOTTE 20 minutes ROUSH RACING LENNOX AMAZON NASCAR HIGHLAND CREEK one of the largest subdivisions in North Carolina, home to approximately 13,000 residents and features 18-hole golf course, community centers and walking trails CONCORD REGIONAL AIRPORT JJ HAINES S&D COFFEE CLASSIC GRAPHICS INVESTMENT ADVISORS ETS EXPRESS CELGARD CHRIS NORVELL, SIOR Senior Managing Director HFF cnorvell@hfflp.com PETE PITTROFF, SIOR Managing Director JLL Pete.Pittroff@am.jll.com 800 DERITA ROAD K1 Speed, Source Building Products, Classic Ventures Group PATRICK NALLY Director HFF pnally@hfflp.com ANALYSTS CROWN TRUCKS DERITA ROAD 8475 AUTOMATION DRIVE 00 AUTOMATION DRIVE MIKE MASSARDO HFF mmassardo@hfflp.com TAYLOR ALLISON JLL Taylor.Allison@am.jll.com VALERIE DERRICK HFF vderrick@hfflp.com 700 DERITA ROAD 8400 AUTOMATION DRIVE LEASING + MARKET INFORMATION TIM ROBERTSON Director Beacon Partners BRAD CHERRY, SIOR Managing Director JLL tim.robertson@beacondevelopment.com Brad.Cherry@am.jll.com 2018 HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 25 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter at twitter.com/hff. POPLAR TENT ROAD $1.4 M improvement/expansion project to be completed by end of 2019 RIVER OAKS CORPORATE CENTER