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Industrial Presentation

Industrial Presentation. Building Marketing Recap. 8/11- 2/12 Actively Marketed Building 30 confidentiality Agreements signed 18 Tours 4 Offers 3/12 Client formally withdrew property from market Had not secured new building 3/12-3/13 Informal Marketing 60 Inquiries 15 Showing

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Industrial Presentation

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  1. Industrial Presentation

  2. Building Marketing Recap • 8/11- 2/12 Actively Marketed Building • 30 confidentiality Agreements signed • 18 Tours • 4 Offers • 3/12 Client formally withdrew property from market • Had not secured new building • 3/12-3/13 Informal Marketing • 60 Inquiries • 15 Showing • 3 unsolicited offers • 4/13 Restarted Active Marketing • 5 showings in April / May

  3. Westchester County - Market Overview • Sales • Recent Sales(14): • 14 Flex/Industrial Sales over 30,000 SF since 2010 - 6 since 2012 • Sale prices in the $50/ SF to $85/ SF range • Competitive Buildings For Sale (6) • 2 > 100,000 SF (One in rough space – one multi story) • 1 > 60,000 RSF (Multi-story) • 3 >30,000 RSF (One is large refrigerator, one has low ceilings) • Leasing • Market Overview: • 24 Million Square Foot • Industrial / Flex market is 94% occupied • 50% of available space is “functionally obsolete”, multi story or limited or no parking • Warehouse Rent $6 to $15 / NNN per foot • Competitive Lease Spaces • 14 Buildings have over 60,000 + Square Feet available • 8 are multi-story (not ideal warehouse) • Only 3 are directly competitive (2 with Mack Cali)

  4. Signature Group Listing Process • Install Street Sign • Prepare a Showing Book • Space Notes • Floor Plans • Flyer • Call Sheets • Prepare Marketing Flyer • Post on Websites • Signature Group, Costar, Loopnet, Social Media • 5. Email Blast to Local Real Estate Broker Database • a) +/- 1,100 • 6. Email to Tenant Database • Flex/Warehouse Tenant Database (+/- 300) • Office users (Westchester HQ’s) • 7. Email Blast to Investors/Small owners Databasea) Investor database +/- 4,000b) Small Owner Database +/-2,500 • c) Developers • 8. Monthly recap for Ownership.

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