Becknell Industrial is a full-service real estate firm serving the unique needs of each of our customers nationwide, through the construction, design, acquisition and long-term ownership of industrial real estate.

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“We have the restless drive to look for something more in every opportunity and we have the confidence that we will find it.”

DAN HARRINGTONPresident & CEO

Our CEO

Becknell launched into the industrial real estate business in 1990 when co-founders Dan Harrington and Fritz Hartrich joined forces to build and lease a custom warehouse to Nabisco in South Carolina.

Under Dan’s long-term leadership and strategic direction, Becknell’s national portfolio now includes more than 25 million square feet of industrial real estate property, representing over $2.1 billion in property value, with 476 acres of developable ground for future development.

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Becknell Industrial is a privately held real estate firm focused exclusively on the development, management and long-term ownership of industrial properties nationwide. As a fully vertically-integrated development company, you can count on Becknell’s experienced team of professionals to work closely together with your business to deliver a full range of real estate solutions to meet your real estate needs.

BUILDING RELATIONSHIPS. DEVELOPING SOLUTIONS.

Success is measured by the complete satisfaction of our clients. We pride ourselves on long-term relationships and our ability to partner with our clients as their real estate needs expand or change.

Our repeat client business speaks to our ability to deliver projects consistently across multiple markets.

Who We Are

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Craig KouriEVP - Construction & Design

30 yrs with Becknell

30+ yrs in real estate

9 yrs with Becknell

30+ yrs in real estate

12 yrs with Becknell

20+ yrs in real estate

20 yrs with Becknell

25+ yrs in real estate

8 yrs with Becknell

25+ yrs in real estate

5 yrs with Becknell

25+ yrs in real estate

Leadership Team

Dan HarringtonPresident & CEO

Mark ShaplandChief Operating Officer

Matt CohoatChief Financial Officer

Pete AndersonEVP - Investments

Dan FogartyEVP - Development

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“We deliver Quality and Complete Customer Satisfaction through a highly efficient, vertically integrated real estate approach.”

MARK SHAPLANDEVP - Chief Operating Officer

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Management Team

Shona BedwellSVP - Marketing

Paul DiCosolaVP - Asset Management

Joe HarrellSVP - Corp. Controller

Derek HawkinsSVP - Development

Matt HubertSVP - Leasing

Matthew KellySVP - Construction

John HartrichSVP - Construction

Terry LevinVP - Engineering

Kelly MillsVP - Engineering

Eric SchillingVP - Capital Markets

Paul ThurstonSVP - Dev. & Pre Construction

Patrick HarringtonGeneral Counsel

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“We have an exceptional team of dedicated associates focused on building relationships and providing complete customer satisfaction every day.”

MATT COHOATCFO

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Becknell is a long-term owner, developer and acquirer of industrial real estate. What sets us apart is our unique business model. Our customer-centric focus and full-service delivery system put us in a class of our own. Not only do we specialize in multiple industrial property types (warehouse, distribution and light manufacturing) and a wide range of sizes (50,000 – 750,000+ square feet), we also invest in core, secondary and tertiary markets as we follow our clients to markets that best serve their needs. This customer-focused approach combined with our end-to-end design-build development capabilities and strong balance sheet, provides our clients with flexible and complete real estate solutions.

GROWTH PLATFORM

Strategy

Preferred developer status with national clients

Expansion of existing clients

New build-to-suit developments

Development on prime land sites

Acquisitions

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Expertise

DEVELOPBecknell provides in-house design-build expertise for all phases of a real estate project. Having in-house architects and engineers allow us to be flexible and provide rapid response to client requests, while delivering products at the best value.

MANAGE

LEASE

ACQUIREBecknell provides top property management professionals, dedicated to superior customer service. As long-term owners we are able to develop close relationships with our tenants and keep abreast of their needs.

Becknell’s experienced and dedicated legal team coordinates the delivery of premier industrial real estate solutions to new clients, while ensuring the satisfaction of our existing clients.

Becknell primarily purchases single tenant, mid-size premier business distribution facilities with an emphasis on primary and select secondary markets.

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VerticallyIntegrated

Full Service Development

At the core of Becknell’s superior delivery system is our design-build construction capabilities. Becknell’s vertically integrated approach takes our experienced team of architects, engineers and construction managers collaborating together with the client early in the project to ensure that we deliver the most functional high-value product as possible.

Development

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VERTICAL INTEGRATION

Pre-ConstructionProject Planning

Site SelectionDue Diligence

Investment UnderwritingSite Plan Design

General Construction & Construction Mgt

Design BuildEstimating

BiddingPermitting

Project ManagementField Supervision

LegalContract DevelopmentRisk MitigationLease DocumentationCompliance Oversight

Development ServicesArchitecturalEngineeringEntitlement ProcurementMunicipal IncentivesValue Engineering

Asset ManagementLease Negotiations and Execution

Lease AdministrationClient Relationship Management

Facility OversightBudgeting

Performance Tracking

Count on Becknell’s decades of experience to deliver a full range of real estate solutions to meet your industrial needs.

Efficiency and quality are the cornerstones of Becknell’s approach, providing complete end-to-end development that consistently delivers a high-value, low-cost solution to our clients.

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MAGNA - Greenville, SC | 161,618 SF

The Becknell team has successfully developed six facilities totaling nearly 1.2 million square feet for various divisions of the leading global automotive supplier, Magna International. Having multiple architects and engineers in-house allows Becknell the ability to make changes rapidly, adjust plans quickly and keep projects on schedule.

Developing solutions for our customers, Becknell was able to solve Veritiv’s consolidation needs by providing a turnkey approach utilizing our in-house architectural/engineering and construction capabilities. Becknell’s ability to execute on this transaction has resulted in opportunities with Veritiv in other markets within the US, most recently in Appleton, WI.

Featured BTS Projects

VERITIV - Henrico, VA | 202,500 SF

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SIFFRON - Loves Park, IL | 319,600 SF

siffron, a manufacturer of point of purchase and display products, serves most of the top 100 retailers in the world, such as Walmart, Target, Dollar General, CVS, Kroger, Proctor & Gamble, Lowe’s, Red Bull and Whole Foods. Becknell was able to provide siffron a facility in a space designed to accommodate their growth while complementing their existing manufacturing location in Rockford, IL.

NB COATINGS - Hobart, IN | 124,000 SF

NB Coatings serves OEM and tier suppliers around the globe and is the leader in paint-on-plastics for both domestic and transplant OEMs in North America. Becknell’s ability to quickly design and quantify tenant specifications allowed NB Coatings to consolidate three facilities into one central distribution center for their line of automotive paints.

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SPECULATIVE DEVELOPMENT SUMMARY | 2016 - 2020 (Projects completed and in-service)

PROJECTS DELIVEREDTOTAL SQUARE FEETLEASED AT DELIVERYLEASED W/IN 1 YR OF DELIVERY*

173.8 Million SF

79%91%

(*For properties delivered through 12/31/19)

ECHO AVENUE - Reno, NV | 286,500 SF

A strategic objective of Becknell has been to expand its investment base in western U.S. markets. Reno was targeted due to its strong population growth, diversifying economy, industrial property demand and improving investment performance. This project represents Becknell’s second investment in the Reno market following an acquisition in the North Valleys submarket in 2017 that enabled the Company to gain exposure and created a platform to grow local relationships and identify new opportunities. The Echo Avenue project offers several advantages including frontage on three sides, proximity to major highways and a location adjacent to the Reno-Stead Airport.

Featured Speculative Projects

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MADISON BUSINESS CENTER - Tampa, FL | 300,000 SF

Located in the East Tampa submarket on 11 acres, Madison Business Center is comprised of two existing buildings totaling nearly 300,000 square feet and one additional build-to-suit pad. Completed in January, Building Two is fully leased to Puraglobe and O’Laker’s Moving and Building One is partially leased to CDS Logistics.

EAGLEPOINT 6 - Brownsburg, IN | 690,700 SF

Eaglepoint 6 was fully leased to Radial prior to the building being completed. Radial selected Becknell’s location due to its outstanding labor availability, as the company employs up to 600 people during its peak season. The company invested significant dollars into the space consisting of pick modules, mezzanines and racking systems.

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Becknell Industrial purchases primarily single tenant, mid-size premier business distribution and light manufacturing facilities nationwide with a preference for growing businesses providing additional development, expansion & acquisition opportunities. We provide all cash closings through our existing discretionary lines of credit and cash available. Since January 2012, Becknell has acquired a total of 32 properties encompassing nearly 5.2 million square feet.

HUSQVARNA- Blythewood, SC | 185,000 SF

Acquisitions

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Credit tenantspreferred

Substantial tenantinvestment a plus

Sale-leaseback or corporate excess property situations considered

Properties located Nationwide, primarily MSAs with populations

>1.0 million

$4-$40 milliontransaction size

Remaining lease term of 5 years or more preferred

Additional ground/expansion capability welcome

Criteria

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RED ROCK 200 - Reno, NV | 200,000 SF

In December 2017, Becknell successfully purchased this new property in the North Valley submarket of Reno. This acquisition represented an attractive opportunity for Becknell to own a modern, functional, leased building while expanding its footprint across the United States and providing the prospect of future development in the market.

EVERGREEN INNOVATIONS - Phoenix, AZ | 73,777 SF

Capitalizing on the opportunity to acquire a good asset at below market price, Becknell purchased this 100 percent vacant property and fully leased it to Evergreen Innovations. Evergreen is an electrical contractor that provides value to its customers by simplifying the electrical installation process using computer modeling and lean planning.

Featured Acquisitions

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AIRPORT DISTRIBUTION CENTER - Henrico, VA | 116,000 SF

Located just outside of Richmond, Becknell completed this acquisition in June, 2014. This purchase included three pad ready sites totaling 40 acres. In only 18 months, Becknell was able to fully develop and lease the entire 575,000 square feet.

HAMMACHER SCHLEMMER- West Chester, OH | 101,000 SF

Becknell Industrial purchased this facility in September 2012 where they rebuild and remanufacture automatic transmissions as well as gas engines. Their customers include Ford, Honda, Chrysler, GM, Allison, Subaru and Saab.

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9.2%

45%

18.3%

30.1%

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65

28

46

0 10 20 30 40 50 60

≤23′

24′ - 27′

28′ - 32′

≥32′

Number of Buildings Percent of Buildings

10%

15%

10%

14% 13%

8%6% 7% 7% 3% 2% 7%

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28

19

25 24

14

1012 12

53

12

0

5

10

15

20

25

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2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Future

Percent of Annualized Base Rent Number of Leases

Portfolio Stats*

UNDER DEVELOPMENT vs IN-SERVICE SF

OCCUPIED vsVACANT IN-SERVICE

CLEAR HEIGHTS, IN-SERVICE PORTFOLIO

97%Occupied

3%

*Numbers reflect portfolio as of December 31, 2019

153BUILDINGS20.9 M SF

20BUILDINGS

4.5M SF

AVERAGE AGE OFIN-SERVICE BUILDINGS

14yrs

AVERAGE OFFICE SIZE OF IN-SERVICE BUILDINGS

6.28%

AVERAGE SQUARE-FEET OF IN-SERVICE BUILDINGS

136,355SF

LEASE EXPIRATIONS

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75% of annualized base rent comes from MSA’s with population greater than 1 million.

LOCATED IN 33 STATES AND CANADA ANNUALIZED PERCENT OF BASE RENT 17.9%

9.0%

Geographic Reach

EASTWEST

MIDWESTSOUTH

55.4% 9.0%

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INDY BASED TEAMCHICAGO BASED TEAM

Regional Teams

Becknell Industrial has experienced tremendous growth over the past 10 years. To allow Becknell to continue this successful run, we have created two regional teams to guide our new investments and portfolio management going forward.

Dan FogartyEVP - Development

Dan Fogarty Executive Vice President

Matt Hubert Senior Vice President

Anette Opacian Assistant Vice President

Michael Brazeal Associate

Pete Anderson Executive Vice President

Derek Hawkins Senior Vice President

Bobby Jensen Associate

“Dividing the country into two geographic regions provides better focus and messaging for Becknell’s Business Development teams. It narrows the vision of each team to mine the most opportunistic markets within our given region. It also allows Becknell to provide a more clear message to the brokerage community and our partners as to which team is acting as the lead in any given market throughout the U.S.”

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Key Partnerships

UBSThe UBS Trumbull Property Fund (TPF) is an actively managed core portfolio of US equity real estate. The Fund seeks to provide attractive returns with a stable income focus, while limiting downside risk.Becknell has had a 25-year JV relationship with UBS in which nearly 200 projects across 33 states totaling $2B have been completed.

WASHINGTON CAPITAL Washington Capital is a 100% employee-owned investment advisor based in Seattle, Washington. Founded in 1977 with the goal of representing the investment management needs of Taft-Hartley trusts, Washington Capital offers clients a wide range of real estate, fixed income and stock strategies. As of June 30, 2019, Washington Capital managed over $6.0 billion in assets. Washington Capital and Becknell have partnered on two development transactions, the recently completed 691K SF speculative industrial development in Brownsburg, Indiana leased to Radial, and the recently closed Blue Diamond Road speculative industrial development in Las Vegas, a to be built development consisting of twin buildings totaling 253K SF.

STARWOOD REAL ESTATE INCOME TRUSTStarwood Real Estate Income Trust (“SREIT”) is a perpetual-life, monthly Net Asset Value REIT that directly invests in high quality, stabilized, income-producing real estate across the United States and Europe. SREIT is managed by Starwood REIT Advisors L.L.C., a subsidiary of Starwood Capital Group. SREIT and Becknell are partners in an industrial portfolio consisting of 33 buildings located in Illinois, Indiana, Ohio, and Wisconsin. The portfolio is approximately 4.1 million square feet, 50 tenants and has an occupancy rate of 98.4%.

BOW RIVER CAPITALFounded in 2003, Bow River Capital is a private investment firm based in Denver, Colorado with a long term vision of building a world class, diversified investment management platform committed to the lower middle market. Bow River Capital has deployed capital into diverse industries and across the capital structure. Bow River Capital and Becknell have partnered on one speculative industrial development located in the North Las Vegas submarket. The development is currently under construction and will consist of twin buildings totaling 295K SF.

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SUPPLYL&W

Automotive

Top Ten Tenants by RevenuesMagnaMondelezBBUSAVeritivKraftTRW AutomotiveRadialRexnordGraham PackagingsiffronRemainder of PortfolioTotals

# Leases518104151121

135183

% Base Rent8.24%8.16%3.89%3.69%3.33%2.23%2.18%2.12%1.92%1.52%

62.73%100%

Key customer relationships and repeat business is core to our strategy.

Becknell continues to build on its strong relationships with industrial tenants and best-in-class real estate brokers across the U.S.

Our repeat business speaks to our customer-focused platform to deliver successful projects consistently across multiple markets and it is this platform that allows us to continually attract and execute for new clients nationwide.

Automotive

Manufacturing

Food &BeverageRetail

Logistics

IndustrialEquipment

Wholesale

Transportation 2.0%Medical 1.0%

Clients

BusinessServices

8.2%

6.0%

10.9%

11.5%

9.8%

21.3%

20.2%

10.4%

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25+ 33Located in 33 States and Canada

20.9millionSquare-feet of in-service real estate

in-service properties

96.8%in-service occupancy20

Years in the Industrial Real Estate Industry

square-feet under development

projects underdevelopment

8.4millionSquare-feet developable on land

781acres of land

2013-2019 GROWTH**

SERVICE OPERATIONS

REV NOI

407% 323% 28.9% 8.6%PROPERTY OPERATIONS

**Numbers reflect portfolio as of December 31, 2019*Numbers reflect portfolio as of December 31, 2019

REV NOI

4.5million

153

Track Record*

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120 East Burlington AvenueLa Grange, IL 60525

708.443.9300

CHICAGO OFFICE INDIANAPOLIS OFFICE SOUTH FLORIDA OFFICE

2750 East 146th Street, Suite 200Carmel, IN 46033

317.669.6000

25 Seabreeze Avenue, Suite 302Delray Beach, FL 33483

561.279.1840

www.becknellindustrial.com05 27 2020