1

IndustrIal development opportunIty

570± acres - I-85/northeast metro atlanta commerce / Jackson county, GeorGIa

570± Acre

Zoned IndustrIAl trAct 85Wheeler cemetery roAd

lords mIll roAd

norfolk southern raIlroad

3,610’ ± Along I-85

gA hIghWAy 98

eXIt 147

2 3

offerInG summary

market access: • 77 million people in 30 million households within a 1-day

truck drive• at the center of a mega-region stretching from

Birmingham, al to raleigh-durham, nc that is growing at twice the national average

• adjacent to the atlanta msa, which has annual consumer expenditures of $90.6 billion and is projected to grow 23% by 2018

• atlanta msa expects population growth of 65% by 2030 from the present 5.3mm

laBor advantaGes:• Highestnumberofhouseholdsthatfittheprofilefor

industrial workers in the atlanta metro area – over 70,000 which is twice the u.s. Index

• rich in production and distribution center skills – 30% to 240% greater than the typical u.s. location

• commerce-area wage levels for manufacturing and distribution jobs are 8% to 10% below comparable u.s. averages, and 2% to 5% below competitive atlanta submarkets

size: 570 acres +/-

location:city limits of commerce, Jackson county; Gmd 465 & 255

submarket: northeast Industrial market along I-85Zoning: m-2, General Industrial districtroad frontages: 3,610.14’± along I-85

entrance access Ga hwy. 98Wheeler cemetery - 527’± paved (60’ r/W)Wheeler cemetery - 2,418’± dirt (no r/W)Wheeler lane - 2,300’± paved (60’ r/W) highway 82 - 400’± paved (100’ r/W)hurricane shoals park dr - 750’± paved (60’ r/W)

sewer: hwy. 98 just east of I-85, 10”mainWater: hwy. 98, 10”main

Gas:supplied by city of cummings - 4” - can go to 6” if desired

electricity:city of commerce (meaG), Jackson emc or Ga power (customer choice)

Bana Industrial Blvd. (proposed)

13,000± lf; Joint effort by future developer and Jackson county

norfolk southern railroad:

runs along northern r/W boundary of hwy.98

owner:commerce land holdings, llc & commerce land holdings II, llc

IndustrIal development opportunIty

570± acressIte survey570± acres total

c&W sIGnaGe

c&W sIGnaGe

C M Y CM

MY

CY

CMY K

CLHSketch.pdf 1 7/28/2014 11:02:19 AM

Wheeler cemetery roAd

lords mIll roAd

3,610’ ± Along I-85

85

norfolk southern raIlroad

gA hIghWAy 98

tracts 7 & 8 (6± acres) avaIlaBle

eXIt 147

4 5

the atlanta msa is home to a population of 5.3 million people, making it the 9th largest us city. the market is one of the six core distribution markets in the us, along with los angeles, chicago, dallas, new Jersey, and eastern pennsylvania. ranked 4th in the nation for logistics-based employment, atlanta offers long-term, growth-oriented fundamentals, including a centralized location, quality business climate, and access to a large, well-educated employment base.

In addition, 23 of the top 25 us-based third-party logistics providers have locations in the atlanta metro area, making it a distribution hub for all major overnight package delivery companies, including ups (headquartered in atlanta) and fedex. atlanta is also home to Georgia tech’s renowned supply chain & logistics Institute, a key source of technology and engineering research for the modern logistics era.

an aBsorptIon leader• atlanta currently leads the nation in year-to-date net

absorption• as of 2014 mid-year, atlanta’s net absorption totalled 8.9

msf

• absorption up 213% compared to the 2013 pace

vacancy declIne• current vacancy at 8.4% • vacancy down 70 bps compared to 9.1% one year ago• vacancy down 330 bps from peak in 2011

recoverInG rental rates• current net average asking rents at $3.90 psf as of 2Q14• rents up 3.8% from 2013 year-end and 6.1% year-over-year

healthy leasInG actIvIty• leasing activity for 2Q14 totalled 4.0 msf, adding to the

year-to-date total of 9.2 msf• leasing activity up 11.1% from the 2013 pace.

development pIckInG up• 11 major projects (both build-to suit and speculative)

currently under construction totalling 5.8 msf

outlookas the overall economy in the atlanta metro area continues toimprove,Atlanta’sindustrialmarketwillbenefitsignificantly.Atlanta’spipelineofindustrialrequirementscontinues to grow, which includes several large users

currently in the market for space. the challenge will be the lack of availability of large blocks of space in existing buildings, which we believe will not only continue to translate into a pickup in build-to-suit activity, but will also lead to a pickup in speculative construction activity in the near future.

atlanta IndustrIal market

OVERALL RENTAL VS. VACANCY RATES

0.0%

3.0%

6.0%

9.0%

12.0%

15.0%

$3.50

$3.60

$3.70

$3.80

$3.90

$4.00

2010 2011 2012 2013 Q2 14

psf/y

r

OVERALL NET RENTAL RATE OVERALL VACANCY RATE

stats on the Go

Q2 2013 Q2 2014 Y-O-Y

CHANGE12 MONTH FORECAST

overall vacancy 9.1% 8.4% -0.7pp

direct asking rents (psf/yr)

$3.71 $3.94 6.1%

ytd leasing activity 8,265,589 9,184,617 11.1%

OVERALL OCCUPIER ACTIVITY

15.2

13.2

17.0

13.3

9.2

3.3

4.1

5.2

4.1

4.8

0.0

4.0

8.0

12.0

16.0

20.0

2010 2011 2012 2013 2014 YTD

msf

LEASING ACTIVITY USER SALES ACTIVITY

IndustrIal development opportunIty

570± acres

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northeast IndustrIal market statsIndustrIal

development opportunIty

570± acres

With more than a quarter of atlanta’s total industrial inventory, the 120,000,000± sf I-85/northeast industrial submarket is the largest in the metropolitan area. a perennial topperformer,thesubmarketuniquelybenefitsfromitslocation along I-85 – one of the strongest population growth corridors in the us and a major distribution route serving new england and the northeast. With a diverse mix of industrial product and tenants, the I-85/northeast submarket consistently posts some of the strongest leasing activity and highest warehouse rental rates in atlanta.

dramatIc recent vacancy declIne

• 8.5% current vacancy rate as of 2Q14

• Significantrecentleasingactivitybeginningtoimpactmarket statistics

• lowest vacancy rate since 2001

atlanta’s aBsorptIon leader

• 7.3 msf of positive absorption over the past four and a half years, the largest percentage of absorption posted for the entire atlanta market

• submarket has fully re-absorbed all of the space given back in the 2009-2010 downturn

• no existing options greater than 500,000 sf available in the submarket

recoverInG rental rates

• current average warehouse/distribution quoted rental rate of $3.91 psf

• current rents +/- 7% below peak

• Withthesubmarketinsingle-digitvacanciesforthefirsttime since the downturn, rents are poised to increase in the foreseeable future

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one of the last key Quadrants

maJor surroundInG dIstrIButIon BuIldInGs

area ## on map (next page)

BuIldInG locatIon oWneryear BuIlt

sf% leased

as of July 2014

4 1 commerce / I-85 Business park e Jackson hillwood 2007 962,280 100%

3 2 350 raco parkway - Building e e Jackson hillwood 2008 1,004,400 100%

3 3 580 raco parkway - Building f e Jackson exeter 2007 772,000 100%

3 4 aldi distribution center e Jackson aldi Inc. 2011 482,223 100%

2 5 valentine farms distribution center e Jacksonfirst

Industrial 2006 848,525 56.2%

2 6 235 hog mountain road - Building a e Jackson lasalle 2007 459,148 100%

2 7 tigerdirect.com distribution center e Jackson lasalle 2007 459,134 100%

1 8 625 Braselton parkway Braselton duke 2004 1,061,663 100%

1 9 1350 Braselton parkway - Building J Braselton duke 2008 550,000 100%

1 10 haverty furniture distribution center Braselton uBs 2002 807,990 100%

1 11 Bed, Bath & Beyond Braselton BB&B 2006 810,000 100%

1 12 Braselton distribution center Braseltonhardie re

Group2005 544,838 100%

1 13 Braselton Business park - Quad II Braselton duke 2001 520,570 100%

1 14 Quad I - 930 highway 124 Braselton usaa 2001 506,240 100%

totAl/Wtd AVg - 9,789,011 97%

maJor recent lease transactIons

area ## on map (next page)

BuIldInG tenant name locatIondate

leasedlease type

leased sf

1 a 625 Braselton parkway carter’s Braselton 2Q 2012 new 1,061,663

4 B commerce / I-85 Business parkollie’s Bargain outlet

e Jackson 4Q 2013 new 962,280

3 c Jackson distribution center tJX Industries e Jackson 1Q 2014new (Bts)

826,972

1 d Braselton distribution center hitachi koki usa Braselton 1Q 2014 new 544,838

3 e mcclure Industrial Boulevard kubota tractor e Jackson 3Q 2013 new 486,000

1 f Braselton Business park - Quad II mizuno usa, Inc. Braselton 1Q 2014 new 420,570

85

85

Athens

Bogart

Bethlehem

Statham

Winder

11

8

11

15

53

211

124

332

82

82

82

98

60

316

81

129

129

129

441

eXIt 129Braselton

Jefferson

commerce

eXIt 137

eXIt 147

eXIt 149

1

2

3

4

eXIt 140

recently announced “spec BuIldInGs”on map

(next page)area # BuIldInG tenant name locatIon

date leased

lease type

leased sf

3 IdI / Gazeley unknown e Jackson 2Q 2015 delivery

new spec.

840,000 to be leased

subject Property

IndustrIal development opportunIty

570± acres

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commerce1. commerce 85 - ollie’s

distribution center

B. ollie’s outlet (962,280 sf)

185

subject property

eXIt 149

area 4BJefferson

5. valentine farms distribution center

6. 235 hog mountain rd - Bldg a

7. tigerdirect.com

5

85

area 2

eXIt 137

BrAselton8. 625 Braselton pkwy

9. 1350 Braselton pkwy - Bldg J

10. haverty furniture distribution center

11. Bed, Bath & Beyond

12. Braselton distribution center

13. Braselton Business park Quad II

14. 930 highway 124 - Quad I

a. carter’s (1,061,663 sf)

d. hitachi koki (544,838 sf)

f. mizuno usa (420,570 sf)

109

8

12

85

11

1314

area 1

A

f

«

d

eXIt 126

eXIt 129

Jefferson2. 350 raco pkwy - Bldg. e

3. 580 raco pkwy - Bldg f

4. aldi distribution center

c. tJX Industries (826,972 sf)

e. kubota tractor (486,000 sf)

IdI Gazeley (840,000 sf)

2 3

485

c

area 3

eXIt 140highway 53

highway 211

downtown Braselton«

highway 441

eXIt 147highway 98

highway 8

2e«

highway 129

67

«

IndustrIal development opportunIty

570± acreseXIstInG development south of suBJect property

subject property «

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superIor transportatIon accessstrateGIc Interstate system

critical access provided by three major interstate highways (I-75, I-85, and I-20), atlanta’s perimeter highway (I-285), and three regional interstate roadways (I-675, I-575, and I-985)

OneofonlyfivecitiesinNorthAmericaservedbysevenmajor interstate systems

trucks originating in atlanta can reach 80% of the nation’s largest consumer markets within two delivery days

• area consistently ranked as a five star logistics Quotient location - currently 12th out of 362 metro areas in the nation.

• 11% of the u.s. intermodal volume travels to or through the region - expected to grow to 13%.

• access to two class I railroads (norfolk southern and csX) and four short-haul railroads.

• four intermodal yards within 90 miles— atlanta is the 4th largest intermodal freight operation in the u.s.

• Well-positioned to provide inland distribution from two major east coast ports (charleston and savannah).

• congestion free connection to the ports via the newly expanded four-lane route 441, linking I-85, I-20, and I-16 east of metro atlanta.

essentIal aIr servIce

Hartsfield-JacksonAtlantaInternationalAirportiscontinuallyranked as the world’s busiest airport by passenger volume

• ranked 11th in the us and 28th in the world for cargo volume

• 80%oftheUSpopulationiswithinatwo-hourflight

• served by more than 50 passenger and cargo airlines

• Continuedgrowththatnowincludesfiverunwaysandthenew maynard h. Jackson, Jr. International terminal – a $1.4 billion project completed in 2012

crItIcal raIl netWork connectIon

unsurpassed class I rail access with numerous csX and norfolk southern rail lines and intermodal shipping yards throughout the metropolitan area

atlanta is an ideal central location for the growing volume ofdirectinboundporttrafficcomingfromboththePortofsavannah and port of charleston

fastest GroWInG east coast port

Georgia’s ports set a tonnage record during fy 2014 which just ended 6/30/14 with 29.4 million tons of freight moved, up 8% over the previous year

the port of savannah handled a record 3.14 million teus in FY2014,up6.3%overthepreviousyear-thefirsttimetheporthasexceeded3millionTEUsinafiscalyear

atlanta is a three-hour drive to the port of savannah, one of the fastest growing deep-water ports on the us east coast

the port of savannah is the third largest port by container volume behind only la and ny/nJ

first major east coast port of service outside of florida for ships moving from asia via the panama canal

daily csX and norfolk southern rail services direct to atlanta’s intermodal network

IndustrIal development opportunIty

570± acres

14 15

441

98

85

doWntoWn commerce

commerce 85 BusIness parkollie’s southeast

distribution center

eXIt 149

eXIt 147

15

85 locAl AmenItIessubject property

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Cushman&WakefieldofGeorgia,Inc.55 Ivan allen Jr. Boulevard, suite 700atlanta, Georgia 30308(404) 875-1000cushmanwakefield.com

for more InformatIon, contact:matt haWkIns senior director (404) 853 5204 matt.hawkins @cushwake.com

ron WIllInGham senior director (404) 853 5206 ron.willingham @cushwake.com

pIerce oWInGs director (404) 853 5350 pierce.owings @cushwake.com

all data, maps, descriptions, depictions and other information provided in this or any related materials for the property is provided for graphic illustration and general informational purposes, only, and is not to be relied upon by any prospective purchaser. the property is offered only “as is, where is,” without any representation or warranties whatsoever, express or implied, and is not based upon the accuracy of any information provided herein or otherwise on behalf of seller with respect to the property. all prospective buyers shall be required to conduct their own due diligence investigation and to verify any and all information and data deemed material to such buyer in connection with the potential purchase of the property, including, without limitation, any and all acreage, building size, or other calculations which are subject to the buyer’s own inspection, survey, or other due diligence investigationandverification.

the seller also reserves all rights to withdraw all or any portion of the property from the listing at any time, without notice, and to imposespecificlistingandcontractconditionsandrequirementsinconnectionwiththeofferingoftheproperty.

©2014Cushman&Wakefield,Inc.Allrightsreserved.