Woodlands Plaza III · Woodlands Plaza III, 2043 Woodland Parkway, St. Louis, MO 63146 Market...

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The Coldwell Banker Commercial Trade name and Marks are the registered marks of Coldwell Banker Real Estate LLC. All Rights Reserved DBA Michael J. Wolken 314.206.4668 [email protected] Prepared by: Prepared For: Proposal For: Coldwell Banker Commercial your DBA to assist with the Sale of Woodlands Plaza III Bruce J. Brophy 314.206.4643 [email protected] 8820 Ladue Rd, St. Louis, MO 63124 www.cbcworldwide.com Woodlands Plaza III 2043 Woodland Parkway, St. Louis, MO 63146

Transcript of Woodlands Plaza III · Woodlands Plaza III, 2043 Woodland Parkway, St. Louis, MO 63146 Market...

Page 1: Woodlands Plaza III · Woodlands Plaza III, 2043 Woodland Parkway, St. Louis, MO 63146 Market Information Give a brief synopsis of the Market Marketing the Property Coldwell Banker

The Coldwell Banker Commercial Trade name and Marks are the registered marks of Coldwell Banker Real Estate LLC. All Rights Reserved

DBA

Michael J. Wolken 314.206.4668 [email protected]

Prepared by:

Prepared For: Proposal For:

Coldwell Banker Commercial your DBA to assist with the Sale of Woodlands Plaza III

Bruce J. Brophy 314.206.4643 [email protected]

8820 Ladue Rd, St. Louis, MO 63124 www.cbcworldwide.com

Woodlands Plaza III 2043 Woodland Parkway, St. Louis, MO 63146

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Table of Contents

Executive Summary___________________________________ 3

Property Overview ____________________________________ 4 Aerials ________________________________________________ 5 

Tax Map _______________________________________________ 6 

Market Overview _____________________________________ 7 St. Louis Office _________________________________________ 7 

Metro Data ____________________________________________ 8 

St. Louis Submarkets ____________________________________ 9 

Submarket New Construction Project Tally _________________ 10 

Submarket Snapshot ___________________________________ 10 

Rent Growth Comparisons_______________________________ 10 

Vacancy Rate Comparisons ______________________________ 11 

Submarket Data _______________________________________ 11

Rent Comparables _____________________________________ 12

Sales Comparables_____________________________________ 14

Marketing the Property _______________________________15 Our Property Marketing Platform _________________________ 15 

Sample Marketing Materials _____________________________ 16 

Sample Marketing Schedule _____________________________ 19 

Recommendations __________________________________20 Compensation_________________________________________ 20 

Our Team __________________________________________21 Team Member Responsibilities___________________________ 21 

About Coldwell Banker Commercial Your DBA ___________25 

About Coldwell Banker Commercial® ___________________26 

Why Coldwell Banker Commercial your DBA? ____________27 

Listing Agreement ___________________________________28 

Contact Info ________________________________________29 

Page 3: Woodlands Plaza III · Woodlands Plaza III, 2043 Woodland Parkway, St. Louis, MO 63146 Market Information Give a brief synopsis of the Market Marketing the Property Coldwell Banker

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Executive Summary

Scope of Services

Coldwell Banker Commercial your DBA to represent Client A in the sale of Woodlands Plaza III.

The Property

Woodlands Plaza III, 2043 Woodland Parkway, St. Louis, MO 63146

Market Information

Give a brief synopsis of the Market

Marketing the Property

Coldwell Banker Commercial your DBA has a unique marketing platform that allows us to easily market properties through a variety of mediums and to selected target audiences. The goal of the marketing plan is to quickly expose your property to the maximum number of qualified purchasers and cooperating brokers and to obtain the highest sales price, in the shortest amount of time. The complete marketing plan is discussed in this document.

Recommendation

Based on the information we have acquired about the St. Louis Market, we recommend the property be sold for _______________

About Coldwell Banker Commercial your DBA

Coldwell Banker Commercial your DBA is one of St. Louis’ most respected leaders in commercial real estate. Over the years the firm has been actively involved in all facets of commercial and industrial real estate from full service brokerage to the development of several St. Louis area landmarks.

About the Coldwell Banker Commercial® Organization

With a collaborative network of independently owned and operated affiliates, the Coldwell Banker Commercial organization comprises over 250 companies and 4,000 professionals throughout the U.S.

Executive Summary

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Property Overview Property Address

Woodlands Plaza III 2043 Woodland Parkway, St. Louis, MO 63146

Property Specifications

Property Type: Office

Class: B

Building Size: 62,693 SF

Land: 2.8 acres

Year Built/Renovated: 1985 / 1995

Number of Stories: 3

Typical Floor Size: 21,000

FAR: .51

Property Features

Elevators: 2

Parking: 220 Surface Tandem Spaces Ratio of 3.50/1,000 SF

Amenities: Corner Lot

Lease Information

Tenancy: Single Tenant

% Leased: 100%

Space Available: 0 SF, all space becomes available Oct-Nov 2009

Annual Rent: $21.00/SF/Full Service Gross

Sales History

Sales Date Type Sale Price 12/1/84 Land & Building $6,195,00

1/1/85 Land & Building $6,200,000

1/28/94 Land & Building $3,000,000

Property Overview

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Aerials

Property Overview

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Tax Map

Property Overview

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Market Overview St. Louis Office The 44-million-squarefoot St. Louis multitenant office market continued its slow march to recovery in the third quarter of 2007, according to Reis data. The completion of the 113,000-square-foot second phase of 40 West in Chesterfield was more than matched by 156,000 square feet of net absorption. The vacancy rate fell 10 basis points from the prior quarter and is down 150 basis points from a year earlier, but it is still high at 14.6%. The Class A vacancy rate is also high at 12.6%, unchanged from the prior quarter, and the Class A average rent is low at $22.79 psf, up just 0.9% from a year earlier. These figures discourage additional construction. The market is still working off a supply boom around the turn of the century, which, when combined with some negative net absorption during the reces-sion, drove the vacancy rate up as high as 19.0% in the first quarter of 2005. With just over 1 million square feet of new space under construction at the end of the third quarter, a period of more modest new supply is expected to extend through 2011. This, and improved demand, should allow the vacancy rate to continue its slow de-scent. With a solid third quarter, the metro area may be about to turn the corner on rent gains. Both the average asking rent and the average effective rent increased 1.1%, to $19.81 psf and $16.40 psf, respectively. With the year over-year gains now at 1.6% and 2.6%, Reis forecasts gains of 2.2% and 2.3% for all of 2007, the best since 2000. Better gains will begin next year with an effective rent gain of 3.0%, followed by gains near and over 4.0% from 2009 to 2011.

Office: “New office development continues to proceed with cau-tion,” Heartland Real Estate Busi-ness reports. “Currently, there is only 271,600 square feet of new office space under construction in the market. However, large blocks of space—25,000 square feet or greater—continue to be in limited supply in the most desirable submarkets, such as Clayton and West County. This lack of supply for large blocks will likely serve to catalyze future development.” That future may be far off, since even in Clayton, the three office projects in the pipeline are “in the conceptual stage. Tony Novelly’s recent purchase of the former U.S. Title Building on Forsyth allows for the opportunity of a third tower adjacent to his existing holdings. Koman Properties is marketing the north-east corner of Brentwood Boule-vard and Forsyth for a new office tower, and Montgomery Bank has assembled an attractive parcel at the southeast corner of Forsyth and Central with plans for a major mixed-use tower. Any one of these projects could proceed with the signing of a large tenant.”

______________ Source: Reis.com 

Market Overview

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Year Qtr Inventory SF/Units

Comple-tions

Inventory Growth%

Vacancy Rate

Vacancy Change(%)

Net Ab-sorption

Asking Rent

Ask Rent % Chg

2002 Y 44,818,000 1,356,000 0.0% 16.3% 0.0% 331,000 $20.18 0.0%

2003 Y 45,388,000 608,000 1.3% 17.2% 0.9% 73,000 $19.79 - 1.9%

2004 Y 45,441,000 187,000 0.1% 18.3% 1.1% -463,000 $19.55 - 1.2%

2005 Y 44,914,000 515,000 - 1.2% 16.5% - 1.8% 394,000 $19.57 0.1%

2006 1 44,951,000 111,000 0.1% 16.5% 0.0% 42,000 $19.50 - 0.4%

2006 2 44,812,000 0 - 0.3% 15.5% - 1.0% 301,000 $19.52 0.1%

2006 3 44,629,000 52,000 - 0.4% 16.0% 0.5% -373,000 $19.47 - 0.3%

2006 4 44,627,000 30,000 0.0% 15.3% - 0.7% 338,000 $19.49 0.1%

2006 Y 44,627,000 193,000 - 0.6% 15.3% - 1.2% 308,000 $19.49 - 0.4%

2007 1 44,587,000 220,000 - 0.1% 15.2% - 0.1% 14,000 $19.57 0.4%

2007 2 44,660,000 158,000 0.2% 14.7% - 0.5% 257,000 $19.56 - 0.1%

2007 3 44,761,000 113,000 0.2% 14.6% - 0.1% 163,000 $19.77 1.1%

2007 4 44,363,000 84,000 - 0.9% 14.7% 0.1% -425,000 $19.95 0.9%

2007 Y 44,363,000 575,000 - 0.6% 14.7% - 0.6% 9,000 $19.95 2.4%

2008 Y 45,032,000 669,000 1.5% 15.1% 0.4% 393,000 $20.25 1.5%

2009 Y 45,127,000 95,000 0.2% 14.2% - 0.9% 491,000 $20.71 2.3%

2010 Y 45,401,000 274,000 0.6% 13.6% - 0.6% 540,000 $21.38 3.2%

2011 Y 46,073,000 672,000 1.5% 12.5% - 1.1% 1,051,000 $22.13 3.5%

2012 Y 46,625,000 552,000 1.2% 11.6% - 0.9% 905,000 $22.97 3.8%

Metro Data

______________ Source: Reis.com 

Market Overview

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1 Downtown 2 St. Louis City 3 Clayton

4 Olive/Westport 5 Hwy 40 Corridor 6 South County

7 North County/St. Charles 8 Illinois

St. Louis Submarkets

______________ Source: Reis.com 

Market Overview

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Rank

Submarket

Sq. Ft. 2007

Sq. Ft. 2008

Sq. Ft. 2009

Sq. Ft 2010

2008-2010

Sq. Ft. Market Share

Cumulative Market Share

1 Hwy 40 Corridor 185,000 430,600 0 0 430,600 40.5% 40.5%

2 St. Louis City 12,000 165,000 95,000 0 260,000 24.4% 64.9%

3 Olive/Westport 220,000 173,000 0 0 173,000 16.3% 81.2%

4 Clayton 0 150,000 0 0 150,000 14.1% 95.3%

5 Illinois 25,500 50,000 0 0 50,000 4.7% 100%

6 Downtown 56,000 0 0 0 0 0.0% 100%

7 North/St. Charles 76,249 0 0 0 0 0.0% 100%

Submarket

Inventory (Bldgs)

Inventory

Sq. Ft.

Asking Rent

CRD

%

Vac %

Free Rent (mos)

Expenses (Comm’l)

Lease Term (yrs)

Leasing Com-

mission

Tenant

Improve-ment

Downtown 70 11,384,000

$17.27 -6.4 20.0 2.5 $6.34 5.0 3.6% $15.27

St. Louis City 57 1,867,000 $15.36 -5.7 12.4 2.2 $5.79 4.6 3.1% $11.58

Clayton 92 6,376,000 $23.93 -5.4 11.4 2.1 $8.96 5.0 3.0% $14.75

Olive/Westport 132 7,369,000 $20.18 -5.0 16.6 1.9 $7.54 4.6 3.3% $13.91

Hwy 40 Corridor 149 7,824,000 $23.07 -5.0 10.0 2.1 $7.81 4.8 2.8% $14.94

South County 88 2,914,000 $20.21 -3.4 6.1 1.4 $6.82 4.6 2.5% $9.57

North/St. Charles

112 5,296,000 $18.28 -4.8 17.8 1.8 $6.68 4.5 2.7% $14.52

Illinois 59 1,333,000 $16.82 -4.4 13.6 2.2 $5.47 4.4 2.9% $10.47

Asking Rent Growth

Quarterly Annualized

4Q 07 3Q 07 YTD Avg. 1 Year 3 Year 5 Year 5 Yr Forecast

Olive/Westport 0.6% 0.5% 0.7% 2.8% 1.1% - 0.7% 2.7%

St. Louis 0.9% 1.1% 0.6% 2.4% 0.7% - 0.2% 2.9%

Midwest 0.8% 0.6% 0.7% 2.7% 1.4% 0.2% 2.7%

United States 1.9% 2.2% 2.3% 9.6% 6.4% 2.9% 3.5%

Submarket New Construction Project Tally

Submarket Snapshot

Rent Growth Comparisons

______________ Source: Reis.com 

Market Overview

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Vacancy Rates

Quarterly Annualized

4Q 07 3Q 07 YTD Avg 1 Year 3 Year 5 Year 5 Yr Forecast Olive/Westport 16.6% 17.2% 17.3% 17.7% 19.6% 19.6% 14.7% St. Louis 14.7% 14.6% 14.8% 15.0% 16.2% 16.4% 13.4% Midwest 16.3% 16.3% 16.7% 16.9% 17.7% 17.8% 15.6%

United States 12.6% 12.5% 12.7% 13.0% 14.2% 15.0% 12.3%

Year Qtr Inventory SF/Units Completions

Inventory Growth%

Vacancy Rate

Vacancy Change(%)

Net Absorp-tion Asking Rent

Ask Rent % Chg

2002 Y 7,130,000 281,000 0.0% 18.3% 0.0% -16,000 $20.95 0.0%

2003 Y 7,210,000 80,000 1.1% 20.8% 2.5% -115,000 $20.20 - 3.6%

2004 Y 7,241,000 31,000 0.4% 23.4% 2.6% -163,000 $19.51 - 3.4%

2005 Y 7,155,000 0 - 1.2% 19.7% - 3.7% 198,000 $19.78 1.4%

2006 1 7,168,000 13,000 0.2% 19.2% - 0.5% 47,000 $19.65 - 0.7%

2006 2 7,168,000 0 0.0% 18.1% - 1.1% 79,000 $19.57 - 0.4%

2006 3 7,168,000 0 0.0% 18.5% 0.4% -29,000 $19.56 - 0.1%

2006 4 7,186,000 18,000 0.3% 18.8% 0.3% -7,000 $19.63 0.4%

2006 Y 7,186,000 31,000 0.4% 18.8% - 0.9% 90,000 $19.63 - 0.8%

2007 1 7,406,000 220,000 3.1% 18.7% - 0.1% 186,000 $19.84 1.1%

2007 2 7,394,000 0 - 0.2% 16.6% - 2.1% 146,000 $19.97 0.7%

2007 3 7,394,000 0 0.0% 17.2% 0.6% -45,000 $20.06 0.5%

2007 4 7,369,000 0 - 0.3% 16.6% - 0.6% 24,000 $20.18 0.6%

2007 Y 7,369,000 220,000 2.5% 16.6% - 2.2% 311,000 $20.18 2.8%

2008 Y 7,392,000 23,000 0.3% 16.6% 0.0% 19,000 $20.51 1.6%

2009 Y 7,392,000 0 0.0% 15.5% - 1.1% 81,000 $21.02 2.5%

2010 Y 7,392,000 0 0.0% 15.3% - 0.2% 18,000 $21.70 3.2%

2011 Y 7,392,000 0 0.0% 13.6% - 1.7% 120,000 $22.33 2.9%

2012 Y 7,392,000 0 0.0% 12.3% - 1.3% 101,000 $23.07 3.3%

Vacancy Rate Comparisons

Submarket Data

______________ Source: Reis.com 

Market Overview

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Rent Comparables  Source: Reis.com 

Market Overview

Page 13: Woodlands Plaza III · Woodlands Plaza III, 2043 Woodland Parkway, St. Louis, MO 63146 Market Information Give a brief synopsis of the Market Marketing the Property Coldwell Banker

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Rent Comparables  Source: Reis.com 

Market Overview

Page 14: Woodlands Plaza III · Woodlands Plaza III, 2043 Woodland Parkway, St. Louis, MO 63146 Market Information Give a brief synopsis of the Market Marketing the Property Coldwell Banker

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Sales Comparables

______________ Source: Reis.com 

Market Overview

Page 15: Woodlands Plaza III · Woodlands Plaza III, 2043 Woodland Parkway, St. Louis, MO 63146 Market Information Give a brief synopsis of the Market Marketing the Property Coldwell Banker

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CBC LeadRouterSM converts internet leads into cell phone calls to affili-

ates – ensuring that every inquiry on your property is covered.

Revolutionary Lead Mgmt

We can quickly market your prop-erty to over 4,000 professionals within the Coldwell Banker Com-

mercial organization

National Campaign

InstantClientAccess, a Web-based project mgmt tool,

provides real-time access to every aspect of your listing, including:

files, timelines, task lists and communications.

24-Hour Listing Access

If you have other real estate needs, we can quickly locate the right CBC professional to help you, no matter

where your business takes you.

Multiple Location Service

With financial analytics, we can analyze rents and improve-

ments, and create lease vs. buy and “what-if” scenarios.

Professional Financial Analysis

Push Button Marketing

We can market your properties with the push of a button: flyers,

flash presentations and other marketing tools, and generate “interested client” lists via

email campaigns.

Property searches: 3,281,016 Visits: 1,059,380

Property Detail Views: 1,270,944

(search activity from last year alone)

cbcworldwide.com

Listings are automatically distributed to: cbcworldwide.com,

realestatejournal.com, Black’s Guide.com, Catylist and more. Listings

can also be imputed to: CoStar, Loopnet, Xceligent, Property Line, CIMLS, Craigslist

Maximum Listing Exposure

Your property

Marketing The Property Our Property Marketing Platform Coldwell Banker Commercial your DBA employs a strategic Marketing Platform to successful distribute your property.

Marketing The Property

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Sample Marketing Materials A sampling of how Coldwell Banker Commercial your DBA can market your properties. Professional marketing collateral produced by our team conveys all the important information for quickly for distributing to potential clients via print, email and the web.

Property Flyer:

Can be emailed to prospective clients or local brokers. The flyer

will also be displayed on site or given during tours of the property.

Property Postcard:

Can be mailed to prospective cli-ents or industry professionals.

Flash Presentation:

An interactive marketing tool that can be emailed to prospective

clients or industry professionals.

Marketing The Property

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Property Signage: We will prominently place proper

signage (if permitted)

 

Individual Property Website:

Every listing on CBCWorld-wide.com has an automatically

generated webpage. Included on the page: Overview Exterior Interior Demographics Financials (optional) Media

We can directly link to the web

page; which allows clients to im-mediately email the responsible

broker for the property.

Wall Street Journal: Coldwell Banker Commercial

periodically advertises a full page spread in the Wall Street Journal.

Your property can be advertised and seen by the millions of

readers of WSJ.

Marketing The Property

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Property Timelines:

InstantClientAccess, Our Web-based project mgmt tool, provides real-time access to every

aspect of your listing, including: files, timelines, task lists and

communications.

Reporting: We can generate reports on our email campaigns that show the number of people we sent it to,

the amount that opened our emails, and who clicked through

for more information. This generates our “Interested Client

List” that we will focus our initial call campaign on.

We will communicate these re-

ports to you along with a weekly detailed report as to completed

tasks of the marketing plan.

Announcement: Following the close of the transac-tion, we will announce the closing with an email campaign including

prominent mention of your com-pany (upon approval); both

Locally, and Nationally through our Top Notable Transactions Program

(exclusive to Coldwell Banker Commercial) and the resources of

our National Public Relations Team.

Marketing The Property

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Week 1 • Place sign(s) and/or banners on the property (if applicable)

• Prepare property brochures, property packages, electronic marketing materials & other miscellaneous marketing materials

• Distribute property information to Coldwell Banker Commercial affiliates and internal professionals

• Enter listing information on CBCWorldwide.com, Loop Net, Propertyline, Black’s Guide, Real Estate Journal.com, Catylist, CIMLS, Xceligent and Craigslist

• Enter listing information on CCIM website with direct access to more than 7,000 CCIM designees

• Enter property into Instant Client Access, our project management tool which includes timelines, documents, so you have 24 hour access to all necessary information

Weeks 2 & 3

• Email marketing package to all members of the local commercial real estate community

• Email marketing package to 7,000 members of CCIM organization

• Email marketing package to 4,000 Coldwell Banker Commercial professionals

• Marketing meeting with clients to review progress

Weeks 4-16

• Direct mail and personal follow-up to targeted prospects in database

• Place property in semi-monthly Coldwell Banker Commercial's Wall Street Journal full-page ad

• Constant marketing through the national Coldwell Banker Commercial organization

• Marketing meeting with clients to review progress

Weeks 16-24

• Negotiate with interested parties

• Prepare Letters of Intent

• Assist with Due Diligence

• Marketing meeting with clients to review progress

Weeks 20-24:

• Close the transaction

• Send announcements on closed transaction; submit to our national Public Relations team

Sample Marketing Schedule A six month action plan that we propose for the marketing of your property

Marketing The Property

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Recommendations Based on comparable sales within the marketplace, we recommend that the sale price of the building be . We think this is an aggressive price for the property; and with our de-tailed marketing plan, we feel that we can achieve this goal.

Compensation In order to get this marketing plan “off and running” you will have to give us the authorization to do so. Attached hereto is our Exclusive Authorization to sell the property. Commissions and Fees – Coldwell Banker Commercial your DBA will pay for all marketing expenses as determined by us. The commission structure is as follows: On any transaction, the commission shall be () % of the total aggre-gate sales price which will be shared between the selling and listing broker as specified in the Exclusive Lease Listing Agreement and Schedule of Sale and Lease Commission. Term of Listing – We recommend a twelve (12) month listing term. We do not imply that the property cannot be sold before this period ends, but rather, to take full advantage of the momentum that will be built with our marketing program and ownership’s time frames.

Recommendations

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Our Team Team Member Responsibilities Each member of Coldwell Banker Commercial your DBA’s team plays a vital role in the success of each transaction. Michael Wolken

• Main point of contact for Sellers and Buyers. • Oversees all activities of the team • Coordinates and advises on all pre-marketing activities • Presents property to various brokerage firms • Assists Seller and Seller’s attorney with contract negotiation and

preparation • Assists Buyers in their review of all Due Diligence Materials and mar-

ket information • Assists and monitors all aspects of the escrow and closing process • Meet with client to review progress and assure deadlines

Bruce Brophy

• Thoroughly analyze all leases to extract necessary detail for valuation • Review current loan documents to assess multiple debt scenarios for

the transaction • Gather all necessary information regarding property and compara-

bles to recommend market pricing • Assist in creating marketing strategy after preliminary analysis of

property is complete • Create a 10-year “Argus” cash flow model to use in marketing the

property • Assist buyers, using their own assumptions to create an Argus cash

flow model • Involved in direct marketing to all institutional investors and REITS

regionally, nationally and internationally Linda Merkel

• Responsible for the complete Marketing Plan - Manages all market-ing activities associated with each listing ( i.e. newspaper ads, broker email blasts, mailers, web-based advertising, etc )

• Prepare property brochures, property packages, electronic marketing materials & other miscellaneous marketing materials

• Submits request for property signage • Posts listings on CBCWorldwide.com, Loop Net, Propertyline, Black’s

Guide, Real Estate Journal.com, Catylist, CIMLS, Xceligent and Craigslist

• Distribute property information to Coldwell Banker Commercial affili-ates and external professionals

• Enter property into Instant Client Access, our project management tool which includes timelines, documents, and a list of all pertinent parties involved in each transaction

• Send announcement of closed transaction

Our Team

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Michael Wolken Coldwell Banker Commercial CRA LLC 8820 Ladue Road Saint Louis, MO 63124 Phone: (314) 206-4668 Fax: (314) 206-4666 Mobile: (314) 750-3847 [email protected]

Background Michael is a Principal at Coldwell Banker Commercial CRA LLC and serves as our Sales Manager overseeing our Brokerage Department. Before joining Cold-well Banker Commercial CRA LLC, he founded Wolken Real Estate Advisors, Inc. in 1988, a firm which specialized in tenant/buyer representation for com-mercial, industrial, and investment real estate clients. Michael, a well-respected commercial real estate industry veteran, has earned numerous distinctions throughout his 30-plus years in real estate. He has com-pleted over 1,000 sales and leases in excess of $750 Million in transactions during his commercial real estate career. Michael is a founding member of the St. Louis Association of Realtors Commercial Division and past President. In 1992, he was appointed by Governor John Ashcroft to a five-year term as a member of the Missouri Real Estate Commission and served as Chairman dur-ing 1996. The Commission’s seven-member board provides consumer protec-tion to the general public through the regulation of real estate licensees. The Commission is responsible for the examination, licensing and regulations of approximately 45,000 brokers and agents in the State of Missouri.

Primary Specialty Office

Awards Coldwell Banker Commercial Top Missouri Broker, 2007

Languages English

Designations Society of Industrial and Office Realtors (SIOR)

Significant Assignments

Sold 30,000 SF building

Our Team

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Bruce J. Brophy Coldwell Banker Commercial CRA LLC 8820 Ladue Road Saint Louis, MO 63124 Phone: (314) 206-4643 Fax: (314) 206-4666 Mobile: (314) 267-5916 [email protected]

Background Bruce is a principal of Coldwell Banker Commercial CRA LLC and is responsi-ble for overseeing management operations. Bruce has been in the commercial real estate industry for over 26 years. He has extensive asset management experience in office, retail and industrial properties and currently oversees a portfolio in excess of 3 million square feet. Under Bruce’s supervision, the management division not only provides man-agement and maintenance services, but also directs the leasing and construc-tion activities of the portfolio. In addition, Bruce is actively involved in overall operation of the firm. Throughout his career, Bruce has enjoyed the opportu-nity to oversee the management and leasing of many properties.

Primary Specialty General Commercial Real Estate

Disciplines Asset/Portfolio Management

Education Business, University of Missouri – St. Louis

Languages English

Designations MO Real Estate Broker since Certified Commercial Investment Member Building Owners & Managers Institute International (BOMA)—Real Property Administrator (RPA) designation

Significant Assignments Sold 30,000 SF building

Our Team

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Linda Merkel Coldwell Banker Commercial CRA LLC 8820 Ladue Road Saint Louis, MO 63124 Phone: (314) 206-4636 Fax: (314) 206-4666 Mobile: (314) 574-7272 [email protected]

Background Linda joined Coldwell Banker Commercial CRA LLC in 2006 as the Director of Brokerage and Marketing Administration. Her main responsibilities include training and supervising brokerage administrative support personnel, training of all brokerage processes and technology resources and being the point per-son for all information from Coldwell Banker Commercial. Additionally, Linda manages all aspects of the licensing process with the Missouri Real Estate Commission and the Illinois Department of Financial & Professional Regula-tion in addition to handling SLAR, MAR and NAR applications and dues. Linda has worked in the commercial real estate industry for over twenty years in-cluding the first eleven years of her career at Nooney Company/Nooney Krom-bach. She also has five years of experience in the telecommunications indus-try with Crown Castle USA and T-Mobile working on the launch of the St. Louis network.

Primary Specialty Marketing

Disciplines Asset/Portfolio Management

Education Bachelor of Business Administration, Fontbonne University MBA, Fontbonne University

Languages English

Business Organizations National and MO Association of Realtors St. Louis Association of Realtors—Commercial Division

Significant Assignments Successfully marketed 30,000 SF building

Our Team

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Coldwell Banker Commercial

your DBA

8820 Ladue Road

Saint Louis, MO 63124

Phone: (314) 206-4600

Fax: (314) 206-4666

www.cbcstl.com

Clients Represented American Investment Bank

Amsource Anderson Development

Arbor Commercial Ball Ventures

BC Warner Investments, LLC Black Ridge Development

Boyer Company Brentwood Equities

CenterCal Properties, LLC Chasebrook Co.

Compass Cowboy Partners

Cushman Family Trust A Dakota Company

Debartolo Development Developers Diversified Realty

Eagle Point Financial Eckman Construction

Equitable Life Equiwest Development 1st Interstate Financial

First Allied Forum Capital

Fourels Investment General Growth Properties

About Coldwell Banker Commercial Your DBA Coldwell Banker Commercial your DBA is one of St. Louis’ most respected leaders in commercial real estate. The present day company evolved from Nooney Company founded in 1945, Wolken Real Estate Advisors founded in 1988 and Solomon Brothers Realty Company founded in 1969. Over the years these three firms have been actively involved in all facets of commer-cial and industrial real estate from full service brokerage to the develop-ment of several St. Louis area landmarks. Our seasoned professionals are actively involved in many real estate and community organizations in St. Louis and on a national level. These activi-ties allow Coldwell Banker Commercial CRA LLC to have a pulse on the mar-ket and future trends. Services

Acquisition and Disposition Services Brokerage and Transaction Management Design and Construction Corporate Services Investment Analysis Market Research and Analysis Project Management Property Development Property Management Facilities Management Relocation Services Space Planning Valuation Services Asset Services

Awards

Commercial Elite, 2007 Top Broker in State - Mike Wolken, 2007 Top Office in Region, 2007 Top Office in State, 2007

Sample of Relevant Projects Completed Sold 30,000 SF building in Anytown

About Coldwell Banker Commercial (Your DBA)

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CBC Advantages:

The largest domestic footprint in commercial

real estate

Over 250 Companies

Nearly 3,000 professionals across

the globe

Cutting-edge Property Searching & Listing:

cbcworldwide.com with nearly 15,000 listings,

nearly double the amount of our nearest competitor

Industry-leading technologies

Over 17,000 Transac-tions completed yearly, and increases year over

year

About Coldwell Banker Commercial® A subsidiary of Realogy Corporation, the world’s leading real estate franchisor, Coldwell Banker Commercial® (CBC®) is a worldwide leader in the commercial real estate industry. The CBC brand has its roots in the oldest and most re-spected national real estate brand in the country, which was founded after the San Francisco earthquake of 1906 by Colbert Coldwell, who was later joined by Benjamin Banker. With a collaborative network of independently owned and operated affiliates, the Coldwell Banker Commercial organization comprises over 250 companies and 3,000 professionals throughout the U.S., as well as internationally. In fact, the CBC organization possesses the largest geographic footprint in today’s commercial real estate marketplace. The success of the CBC organization lies in its striking versatility. The organi-zation deftly combines a powerful national presence with the agility of a re-gional market innovator. Each CBC affiliate office has the resources and in-sight to understand its local market and the expertise to convert this knowl-edge into tangible value for each client. Our professionals stand ready to help clients discover untapped commercial real estate market opportunities and to deliver a range of services designed to add value to their businesses. The CBC organization’s skillful professionals and nimble affiliate offices service a wealth of business categories in markets of any size, with clients ranging from established corporations to small businesses to individual investors.

Coldwell Banker Commercial US Locations

2007 Volume Transactions Value

Leases 8,115 $7.11 Billion

Sale 9,100 $8.06 Billion

Total 17,215 $15.17 Billion

About The Coldwell Banker Commercial Organization

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Why Coldwell Banker Commercial your DBA? • Because we have the experience, contacts, and knowledge to help you with the sale / lease of your property. • We have the resources to get the transaction done in a complete and timely manner. • We have the technology to provide you with up to date statistics, maps, and demographics, giving you the

tools necessary to make an informed decision. • We form strong client relationships from our hard work, our loyalty, confidentiality and trustworthiness. We

put the needs and the best interests of the clients first. • We have done extensive work in (your city) • We have completed  • We utilize a marketing platform that was built for the successful marketing of your property • The Coldwell Banker Commercial organization has the largest domestic footprint in commercial real estate

with over 250 Companies and early 3,000 professionals across the globe • Cutting-edge Property Searching & Listing: cbcworldwide.com with nearly 15,000 property listings • The Coldwell Banker Commercial organization completes over 17,000 Transactions yearly, and increases

year over year • We are part of Realogy, which has a wealth of knowledge from these brands: Oncor International, Coldwell

Banker, ERA, Century 21, NRT, Sotheby’s, Better Holmes & Gardens, Cartus, and Title Resource Group

*Property totals based on search results for all sale and lease listings on national public websites.   Companies could have more listings on regional/local websites and number of listings can change each month. 

Why Coldwell Banker Commercial (Your DBA)

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Listing Agreement

Listing Agreement

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For more information, please contact: Michael Wolken 8820 Ladue Road Saint Louis, MO 63124 Phone: (314) 206-4668 Fax: (314) 206-4666 Mobile: (314) 750-3847 Bruce J. Brophy 8820 Ladue Road Saint Louis, MO 63124 Phone: (314) 206-4643 Fax: (314) 206-4666 Mobile: (314) 267-5916 [email protected] Coldwell Banker Commercial your DBA 8820 Ladue Road Saint Louis, MO 63124 Phone: (314) 206-4600 Fax: (314) 206-4666 www.cbcstl.com

Contact Info

Contact Information