EASTFIELD Property Book

FOR LEASE & BUILD-TO-SUIT NOW UNDER CONSTRUCTION 3 ABOUT ADVENTURE DEVELOPMENT TABLE OF CONTENTS PLAN & PROJECT OVERVIEW 3 TRIANGLE MARKET OVERVIEW 5 DEMOGRAPHICS 9 OPPORTUNITY ZONES 11 EASTFIELD CROSSING BUSINESS PARK OVERVIEW 13 EASTFIELD PHASE I PROPERTY PROFILE 15 PHASE I -SITE PLAN LAYOUT 16 BUILDING I - SITE PLAN 17 DISCLOSURE Formed in 2005, AdVenture Development's primary market is the Mid-Atlantic region with projects in Pennsylvania, Ohio, West Virginia, Virginia and North Carolina. Other projects include McCandless Crossing, a 1.2 million square foot mixed-use development in the North Hills of Pittsburgh, PA. Kevin Dougherty and his team strive to go above and beyond to ensure an outcome which exceeds expectations. With determination, persistence, and a never-ending commitment to quality and excellence, AdVenture Development is prepared to take a project from concept to completion. Eastfield Business Park | 2 The following was prepared by Phoenix Commercial Properties, LLC and has been reviewed by Owner. It contains selected information pertaining to the Property and does not purport to be all-inclusive, nor to contain all the information that a prospective client may desire. We obtained the following information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, which may not represent the current or future performances of the property. Prospective buyers should seek professional tax and legal advice and conduct their own due diligence investigation of the property and financial analysis of the transaction. ABOUT PHOENIX COMMERCIAL PROPERTIES, LLC Phoenix Commercial Properties LLC is a commercial brokerage firm in Raleigh, North Carolina specializing in office, industrial, retail, land and investment based properties. We provide over 70 years of comprehensive commercial real estate solutions to businesses, investors and owners through proactive and creative transnational management. Our well-educated, versatile practitioners pledge to be true to our founding principles of honesty and integrity to help our clients achieve exceptional and trusted results. FARMERS MARKET Phoenix Commercial Properties LLC is pleased to present Eastfield Business Park, a 170-acre portion of the larger Eastfield Master Planned Development, offering Class A industrial and build-to-suit options. The approximately 1.5 million square feet of available space is located in Johnston County, known as the Triangle East Region of the greater Raleigh Metro area. This location is one of the fastest growing regions in the state and is in a designated Federal Opportunity Zone, a tax-deferred incentive program. Eastfield is conveniently located at the intersection of I-95 and I-42 (NE Quadrant), at interchanges 97 and 98, enjoying high traffic counts and tremendous visibility from I-95, I-42 and Hwy 70. This strategic location offers North, South, East & West highway access, rail and passenger service, a private jet rated airport within 15 minutes, international air travel within 40 minutes, access to two major ports within two hours, and full access to East Coast transportation arteries within 8 hours. Johnston County is the fastest growing county in North Carolina, attracting global manufacturing & business giants such as Caterpillar, Sysco, Novo Nordisk, Grifols, and many more. Even with a population base of 196,000 and expanding at a rate of 5% per year, Johnston County has maintained much of its agricultural charm and work ethic. The area offers a strong community, educated workforce, and many amenities found in larger markets. MEDICAL RETAIL HOSPITALITY PROJECT OVERVIEW BUSINESS PARK MULTI-FAMILY RESIDENTIAL Class A Master Planned Business Park Suitable for Industry Headquarters, Research and Development, Life Science, Distribution and Manufacturing Eastfield Business Park | 4 EASTFIELD MIXED-USE DEVELOPMENT Comprised of Retail, Medical, Professional Office, Hospitality, Entertainment, Senior Living and Residential 3 https://www.visitraleigh.com/media/area-information-accolades/area-accolades/ # 3 MARKET HIGHLIGHTS JOHNSTON COUNTY, NORTH CAROLINA # 2 REGIONAL ACCOLADES THE TRIANGLE EAST REGION The Raleigh-Durham region, more commonly referred to as the Triangle, spans thirteen core counties and includes two metro areas - the Durham-Chapel Hill MSA and the Raleigh MSA. With a population of nearly two million people, and home to advanced industries and rich opportunities, the Triangle is one of the fastest growing metros in the country. The Triangle population continues to thrive as an average of 70 people per day move to the region. With more than 200,000 college students across the region, the region provides a strong talent pipeline and intellectual capital for growing businesses. # 1 -BANKRATE JANUARY 2021 TRIANGLE MARKET OVERVIEW HAPPIEST CITY IN AMERICA AMERICA'S BEST PLACE TO LIVE -NUMBEO JANUARY 2020 BEST STATE FOR BUSINESS BEST QUALITY OF LIFE IN THE WORLD # 1 Eastfield Business Park | 6 -INDY WEEK DECEMBER 2020 THE GREATER TRIANGLE REGION -FORBES DECEMBER 2020 Eastfield Business Park | 8 THE TRIANGLE EAST REGION MAJOR INDUSTRIES The Triangle East Region benefits from a diverse business base including major industries such as Healthcare, Pharmaceutical, Bio-sciences, Advanced Manufacturing, Research & Development, Food Service, Education, and Business Services. ECONOMIC DRIVERS The exceptional workforce is cultivated by the region's academic institutions with three tier 1 research Universities - North Carolina State University in Raleigh, the University of North Carolina at Chapel Hill, and Duke University in Durham. In addition to this outstanding pool of talent, Johnston County offers its own exceptional educated workforce through Johnston County Community College. The college works with local economic developers and businesses to ensure course offerings align with industry needs to adequately prepare students for the jobs of tomorrow. This highly educated, well-trained workforce is one of the many reasons businesses are drawn to the region. AREA AMENITIES In addition to great education sources, the Triangle East Region offers an affordable place to live with an exceptional quality of life. With access to major retail establishments, parks and festivals, Johnston County offers many superb amenities with the small town charm. Our central location places us within a 1-hour flight or 1-day drive of half of the U.S. population making it a desirable location for business and industry. Eastfield Business Park | 10 TIER 3 COUNTY FOR INCENTIVES & OPPORTUNITY ZONE Gender JOHNSTON CO. MAJOR INDUSTRY PRESENCE 47 MIN. The Triangle East Region of North Carolina is a nationally competitive, economically diverse, and a collaborative community. Our region is centrally located with major interstates connecting the entire eastern seaboard. Female LARGE EDUCATED WORKFORCE INDUSTRY DEMOGRAPHICS SELMA, NC The Region continues to grow and attract top players in a variety of sectors including bio-tech, pharmaceuticals, and medical manufacturing and distribution. 215,999 ↑ ±28% Male JOHNSTON COUNTY, NC WORKFORCE Census data: acs 2020 9 MIN. JNX 40 MIN. RDU economy JOHNSTON CO. RESEARCH TRIANGLE PARK location TRIANGLE EAST DEMOGRAPHICS EASY TRAVEL CONNECTIONS Home to a highly educated and well-trained workforce, local economic developers and businesses partner with the regions' academic institutions to ensure course offerings align with industry needs. 30 MIN. DOWNTOWN RALEIGH 5 MILES 10 MILES 20 MILES 2019 POPULATION 31,794 69,647 316,777 2024 PROJECTED POPULATION 35,444 74,209 345,225 AVERAGE AGE 38.3 38.2 38.0 HOUSEHOLDS 11,809 25,533 116,873 FASTEST GROWING COUNTY IN NC median income: $51,980 Households: 63,219 population JOHNSTON CO. JCC, NC STATE, DUKE, UNC, ECU Eastfield Business Park | 12 COMPARISON 1031 EXCHANGE OPPORTUNITY ZONE Stock in Corporation Not Allowed Allowed Personal Property Not Allowed Allowed Time of recognition of deferred gain On sale of replacement property Earlier of sale of OZ fund or 12/31/26 Time of recognition of gain over deferred gain Upon sale of replacement property Upon sale of OZ fund unless held for 10+ years Income tax basis step up for holding prop 5-7 yrs None 10% if 5 yrs, 15% if 7 yrs before 12/31/26 The Tax Cuts and Jobs Act of 2017 (the "Act") provides for the designation of certain population census tracts as qualified opportunity zones and creates tax incentives for those having capital gains they would like to roll over into another investment on a tax-deferred basis to encourage investment in each qualified opportunity zone. The "Act" allows a taxpayer 180 days in which to reinvest capital gains in a "Qualified Opportunity Fund", which is a corporation or partnership organization for the purpose of investing in qualified opportunity zone property. "Qualified Opportunity Zone Property" includes any qualified opportunity zone stock, any qualified opportunity zone partnership interest, and any qualified opportunity zone business property. The Property, as well as the entire Eastfield Crossing development, is located in an Opportunity Zone ("OZ"). The federal government designated certain areas of the country as Opportunity Zones, which are being designed to spur economic development and job creation by providing tax benefits to investors. These tax benefits are material, and they apply to investors in real estate within Opportunity Zones, as well as businesses and tenants that operate within Opportunity Zone. For more information visit https://public.nccommerce.com/oz/ OPPORTUNITY ZONES Eastfield Business Park | 14 HIGHLY EDUCATED WORKFORCE & TAX INCENTIVES MARKET HIGHLIGHTS EASTFIELD CROSSING BUSINESS PARK LOCATED IN ONE OF THE FASTEST GROWING REGIONS IN THE U.S. SMART-CITY TECHNOLOGY GLOBAL ACCESSIBILITY MIAMI, FL Located at the half-way point along I-95 connecting Portland, ME to Miami, FL EASTFIELD ACCESS Text PORTLAND, ME EASTFIELD ACCESS HIGHWAYS/INTERSTATES Eastfield is located on the corner of I-95 and highway 70. Additionally, the site can be easily accessed by multiple existing and upcoming highways including I-40, I-440 and 540. RAIL ACCESS Norfolk Southern - spur access available in the business park. AIR ACCESS Johnston Regional Air is less than 10 miles from the site, additionally Raleigh - Durham International Airport is less than 50 miles from the site. PORT ACCESS Eastfield is strategically located with easy access to five East Coast deep water ports. All five ports can be accessed by road or rail. Port of Wilmington , NC Port of Morehead City, NC Norfolk International Terminals, VA Port of Charleston, SC Port of Savannah, GA MARKET HIGHLIGHTS Eastfield Business Park | 16 NORFOLK, VA RAIL & PORT ACCESS CHARLESTON, SC SAVANNAH, GA PORT ACCESS WILMINGTON, NC 108 MI. MOREHEAD CITY, NC 117 MI. NORFOLK, VA 175 MI. CHARLESTON, SC 260 MI. SAVANNAH, GA 311 MI. MOREHEAD CITY, NC WILMINGTON, NC BUILDING I 100,000 SF 400' X 250' 96 PARKING SPACES PROVIDED BUILDING SPECS BUILDING SIZE 135,000 SF AVAILABLE DIVISIBLE TO 50,000 SF BUILDING DIMENSIONS 310' DEEP X 435' LONG CLEAR HEIGHT 36' CLEAR COLUMN SPACING 50' X 52' LOADING MULTIPLE 9' X 10' DOCK DOORS (MINIMUM) WITH ADDITIONAL KNOCK OUT PANELS, TWO (2) 12' X 14' DRIVE-IN DOORS WALL CONSTRUCTION STRUCTURED STEEL WITH NON-INSULATED TILT-UP CONCRETE FLOORS 6" CONCRETE SLAB ROOF 60 MIL TPO ROOF POWER 277/480 VOLT, 3-PHASE, 4-WIRE SERVICE PANEL LIFE SAFETY ESFR SPRINKLER SYSTEM LIGHTING HIGH EFFICIENCY T-5 FLUORESCENT TUBE OR LED LIGHTING TRUCK COURT 130' DEEP TRUCK COURT WITH 45' CONCRETE APRON POWER PROVIDER PROGRESS DUKE ENERGY SMART CITY ENERGY & TECHNOLOGY PROVIDER TRIANGLE EAST SERVICES PARTNERED WITH SIEMENS, BBH AND AT&T OFFICE BUILT TO TENANT SPECIFICATIONS MIAMI, FL PORTLAND, ME EASTFIELD - BUILDING 100 Strategic Location Offers Prime Access to the Entire Eastern Seaboard Strategic Location Offers Prime Access to the Entire Eastern Seaboard PORTLAND, ME Eastfield Business Park | 20 MIAMI, FL TWO (2) DRIVE IN RAMPS - 12' x 14' EIGHTEEN (18) LOADING DOCKS - 9' x 10 COLUMN SPACING - 50'x 52' CLEAR HEIGHT - 36' 130' DEEP TRUCK COURT WITH 45' CONCRETE APRON TILT-UP CONCRETE PANEL CONSTRUCTION WEST BLANCHE STREET 435' TRUCK COURT LOADING RAMPS 50' PROVIDENCE BLVD. 52' 310' RETENTION POND Eastfield Business Park | 22 building I - sITE pLAN & floor plan 310' TYPICAL BAY ±16,120 ±135,000 SF SENIOR ADVISOR MIKE WILEN THOMAS GOODWIN jpowell@phoenixcommercialnc.com 919.948.7268 (D) 919.438.0934 (C) 919.896.6497 (O) VICE PRESIDENT 919.948.7229 (D) 919.422.1612 (C) 919.896.6497 (O) JOHN POWELL thomas@phoenixcommercialnc.com mwilen@phoenixcommercialnc.com PRESIDENT 919.760.4819 (D) 919.227.9943 (C) 919.896.6497 (O)