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BROOKSIDE I & II

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Page 1: Brookside I & II

BROOKSIDE I & II

Page 2: Brookside I & II

2 EQUUS

PRESENTATION OBJECTIVES

Marketing Strategies

North Fulton Overview

Metro Atlanta Overview

Page 3: Brookside I & II

EQUUS 3

METRO ATLANTAOVERVIEW

Page 4: Brookside I & II

4 EQUUS

ATLANTA MARKET OVERVIEWAtlanta Aerial Map

Marietta

Sandy Springs

Roswell

Alpharetta

Johns Creek

ATLANTA

HollySpringsCartersville

Emerson

Alatoona

Kennesaw

Hiram

Mableton

Smyrna

Vinings

East Cobb

Milton

Suwanee

duluth

NorcrossLawrenceville

grayson

SnelvilleTuckerBrookhaven

Redan

Lithonia

Conyers

Loganvile

Decatur

east point

College Park

union City

Fairburn

campbellton

douglasville

palmetto

Tyrone

Peachtree City

fayettville

jonesboro

riverdaleMorrow

Stockbridge

McDonough

BracksvilleOla

Newman

Buford

PowderSprings

Lakeview STates

chattahoocheehills

285

285

575

985

285

285

285

20

20

20

85

85

85

85

75

75

75

675

10

29

140

23

19

92

120

78

70

154

65

29

34

7054

41

155

Harstfield-JacksonAtlanta International Airport

NORTHWESTATLANTA

NORTHFULTON

NORTHEASTATLANTA

CENTRALPERIMETER

NORTHLAKEBUCKHEAD

MIDTOWN

DOWNTOWN

WEST ATLANTA

SOUTH ATLANTA

Atlanta is divided like a “clock” by the major interstates and highways

I-75: Northwest to Southeast through CBD

I-85: Northeast to Southwest through CBD

I-20: East and West though CBD

GA-400: Generating in Buckhead, running North to northern suburbs

I-285: encompasses the CBD and surrounding markets

Atlanta’s major submarkets (Downtown, Midtown, Buckhead, Central Perimenter, North Fulton) located through the central corridor

Page 5: Brookside I & II

EQUUS 5

Marietta

Sandy Springs

Roswell

Alpharetta

Johns Creek

ATLANTA

HollySpringsCartersville

Emerson

Alatoona

Kennesaw

Hiram

Mableton

Smyrna

Vinings

East Cobb

Milton

Suwanee

duluth

NorcrossLawrenceville

grayson

SnelvilleTuckerBrookhaven

Redan

Lithonia

Loganvile

Decatur

east point

douglasville

Buford

PowderSprings

Lakeview STates

285

285

575

985

285

285

20

20

85

85

85

75

75

10

29

140

23

19

92

120

78

70

154

65

NORTHWESTATLANTA

NORTHFULTON

NORTHEASTATLANTA

CENTRALPERIMETER

BUCKHEAD

MIDTOWN

DOWNTOWN

49,216,230 RSF Vacancy: 12.5%

YoY Change: -2.40%

36,238,044 RSF Vacancy: 13.8%

YoY Change: -2.70%

39,336,350 RSF Vacancy: 16.70%

YoY Change: -0.50%

34,192,248 RSF Vacancy: 13.30%

YoY Change: -1.30%

22,969,309 RSF Vacancy: 13.40%

YoY Change: -2.80%

24,716,403 RSF Vacancy: 15.20%

YoY Change: -3.00%

36,248,078 RSF Vacancy: 12.40%

YoY Change: no change

ATLANTA MARKET OVERVIEWSubmarket Statistics

Page 6: Brookside I & II

6 EQUUS

1Q 2Q 3Q 4Q

Hi-Rez Studios (50 jobs)

Wells Lighting (200 jobs)

Applied Systems (150 jobs)

ITC Security Partners (90 jobs)

Varian Medical Systems (100 jobs)

Vista Window Company (50 jobs)

WebstaurantStore (150 jobs)

Caesarstone (130 jobs)

Comcast (300 jobs)

Caterpillar (50 jobs)

Choice Wood, Inc. (50 jobs)

Tyson Foods (500 jobs)

Makrukan (15 jobs)

Osmose Utilities (100 jobs)

e_solutions (140 jobs)

Linde + Wiemann (200 jobs)

Sage (400 jobs)

NIFCO KTW (200 jobs)

Curion (100 jobs)

Thompson & Thwaite (20 jobs)

MI Metals (100 jobs)

GEIGER Automotive (120 jobs)

Kaiser Permanente (900 jobs)

Sandler AG (140 jobs)

Boeing (200 jobs)

Suniva (500 jobs)

Vanguard Nat’l Trailer (400 jobs)

Kodak (240 jobs)

CSM Bakery SOlutions (120 jobs)

GeoDigital Int., Inc. (50 jobs)

National Beef (200 jobs)

Stefanini (400 jobs)

First Quality (115 jobs)

VXI (570 jobs)

Jindal FIlms (240 jobs)

Constellium (150 jobs)

Emory University (50 jobs)

Aspen Aerogels (100 jobs)

Incomm (275 jobs)

Linzer Products (200 jobs)

Alcon (550 jobs)

2015 CORPORATE RELOCATIONand Expansion Announcements

Page 7: Brookside I & II

EQUUS 7

ATLANTA JOB GROWTHis Back

Atlanta

2013 - 2015 Average Annual Employment Growth

Dallas

Miami

Houston

Los Angeles

US

New York

Philadelphia

Washington DC

Chicago

Boston

0.0% 0.5% 1.0% 1.5% 2.0% 3.0%

2.9%

2.2%

2.2%

2.2%

2.2%

2.0%

1.8%

1.4%

1.3%

1.1%

0.7%

2.5%

Page 8: Brookside I & II

8 EQUUS

Page 9: Brookside I & II

EQUUS 9

NORTH FULTONOverview

Page 10: Brookside I & II

10 EQUUS

NORTH FULTON CLASS A OFFICE PARKSOccupancy and Quoted Rates

Old Milton Pkwy

Hay

nes B

ridge

Rd

North Point Pkwy

Mansell Rd

Wes

tsid

e Pk

wy

Windward Pkwy

ROYAL 400Occ.: 79%

QR: $19.50-$25.00

PRESTON RIDGEOcc.: 91%

QR: $23.00-$26.00PARKWAY 400

Occ.: 80%QR: $25.00

MANSELL OVERLOOKOcc.: 93%

QR: $25.00

GA 400Occ.: 88%

QR: $26.00

NORTHWINDSOcc.: 83%

QR: $26.00

OPUS WOODSOcc.: 100%

QR: N/A

WINDWARDOcc.: 94%

QR: $19.25-$23.75

DEERFIELDOcc.: 88%

QR: $22.50-$24.50

MILTON PARKOcc.: 81%

QR: $25.50

MANSELL RIDGEOcc.: 78%

QR: $20.25 -$24.50

NORTH POINTOcc.: 96%

QR: $25.67

SANCTUARY PARKOcc.: 97%

QR: $23.00-$27.00

Wes

tside

Pkwy

BROOKSIDEOcc.: 84%

QR: $20.00-$24.50

Page 11: Brookside I & II

EQUUS 11

Old Milton Pkwy

Hay

nes B

ridge

Rd

North Point Pkwy

Mansell Rd

Wes

tsid

e Pk

wy

Windward Pkwy

ROYAL 400Occ.: 79%

QR: $19.50-$25

PRESTON RIDGEOcc.: 91%

QR: $23-$26PARKWAY 400

Occ.: QR:

MANSELL OVERLOOKOcc.: 93%

QR: $25

GA 400Occ.: 88%

QR: $26

NORTHWINDSOcc.: 83%

QR: $26

OPUS WOODSOcc.: 100%

QR: N/A

WINDWARDOcc.: 94%

QR: $19.25-$23.75

DEERFIELDOcc.: 88%

QR: $22.50-$24.50

MILTON PARKOcc.: 81%

QR: $25.50

MANSELL RIDGEOcc.: 78%

QR: $20.25 -$24.50

NORTH POINTOcc.: 96%

QR: $25.67

SANCTUARY PARKOcc.: 97%

QR: $23-$27

Wes

tside

Pkwy

NORTH FULTON MICRO MARKETLocation Trends

BROOKSIDEOcc.: 84%

QR: $20-$24.50

A+ A

BA+

A B-

Page 12: Brookside I & II

12 EQUUS

MARKET OVERVIEWNorth Fulton vs. Atlanta Metro

Year End 2015 ATLANTA NORTH FULTON TOTAL MARKET

NORTH FULTON CLASS A MARKET

SQUARE FEET 210,242,832 24,853,951 14,387,277

VACANCY 14.6% 13.3% 12.2%

NET ABSORPTION 1,048,832 134,106 63,497

YTD NET ABSORPTION 4,010,950 883,311 794,924

YTD DELIVERIES 206,818 52,000 0

UNDER CONSTRUCTION 1,618,092 0 0

RENTAL RATES $21.74 $20.74 $22.75

* Source: CoStar

Page 13: Brookside I & II

EQUUS 13

MAJOR EMPLOYERSNorth Fulton

COMPANY BUSINESS SFKimberly-Clark

Corporation Health & Hygiene Products 500,000

Equifax Credit Bureau 440,000

Ciba Vision Optical Instruments 425,000

McKesson Provider Technologies

Healthcare Information Systems 400,000

AT&T Wireless Cell Phone Communications 375,000

Fiserv Financial Services Technologies 350,000

State Farm Insurance Insurance Agents/Brokers/Services 320,000

Verizon Cell Phone Communications 250,000

UPS Supply Chain Solutions Freight Transportation 250,000

Choice Point Information Technology 210,000

GE Consumer Finance Computer Processing & Date Preparation 200,000

Automatic Data Processing (ADP)

Professional Employer Organization 200,000

North American Mission Board

Non-Profit Religious Organization 180,000

Federated Department Stores

Data Systems for Retail Merchandiser 175,000

IBM Corporation Computers, Equipment & Software 175,000

Arris International Communications Equipment 145,000

COMPANY BUSINESS SF

Ryder System Truck Rental & Leasing 135,000

Alltel Business Credit Institution 130,000

AIG Agency Auto Insurance Agents/Brokers/Services 130,000

Verint Systems Technology Services 130,000

Siemens Energy & Automation 120,000

Hewlett-Packard Computers, Equipments & Software 120,000

CompBenefits Corporation Healthcare Benefits 115,000

Infor Global Solutions Business Software Consulting 110,000

Comcast Cable, Phone, Internet Provider 110,000

Radiant Systems Electronic Equipment 105,000

Travelers Property Casualty Insurance 100,000

World Financial Group Financial Institution/Advisor 100,000

Ace American Insurance Insurance 100,000

Witness Systems Technology & Software 100,000

Northside/Alpharetta Medical Campus

Specialty Outpatient Facilities 100,000

Lucent Technologies Telecommunications Equipment 75,000

Page 14: Brookside I & II

14 EQUUS

Building Name Rentable Building Area Total Available Space Max Building Contiguous Space

Avg Rent-Direct (Office)

Stonebridge I 143,496 104,806 240,000 $27.00

Stonebridge II 143,705 143,705 240,000 $27.00

Northwinds Seven 148,622 148,622 148,622 $26.00

Radiant II 80,314 80,314 80,314 $22.00

Georgia 400 Center I 145,949 71,759 66,759 $26.00

Preston Ridge I 147,028 61,643 46,296 $23.50

Royal Center IV 308,101 92,024 55,404 $25.50

Mansell Overlook 100 163,000 45,646 42,053 $25.00

CLASS A BIG BLOCKS OF SPACENorth Fulton

Page 15: Brookside I & II

EQUUS 15

Total 2012 2013 2014 2015Rent $19.93 $19.98 $21.75 $23.87 TI $10.09 $10.78 $12.02 $12.10 Abatements 4.11 3.59 3.94 3.73 Term 59.13 53.62 60.36 53.81

TI 2012 2013 2014 2015New $11.75 $13.44 $16.98 $15.86 Renewal $6.25 $4.58 $4.86 $6.50 Expansion $14.88 $15.22 $14.01 $18.17

Abatements 2012 2013 2014 2015New 3.63 4.31 4.20 4.63 Renewal 4.18 4.14 3.36 3.46 Expansion 4.33 3.00 4.28 2.43

Term 2012 2013 2014 2015New 53.71 55.19 58.73 58.31 Renewal 57.21 45.00 50.71 47.08 Expansion 68.44 60.86 77.56 65.17

Rent 2012 2013 2014 2015New $19.48 $19.78 $21.58 $23.97 Renewal $20.42 $19.88 $22.54 $23.90 Expansion $19.75 $20.01 $21.01 $23.93

2012 # Deals SF LeasedTotal New Deals 12 135,845 Total Renewals 14 119,238 Total Expansions 9 90,751 Totals 35 345,834

2014 # Deals SF LeasedTotal New Deals 15 85,221 Total Renewals 14 152,959 Total Expansions 9 180,514 Totals 38 418,694

2015 # Deals SF LeasedTotal New Deals 16 81,365 Total Renewals 13 87,013 Total Expansions 8 61,369 Totals 37 229,747

2013 # Deals SF LeasedTotal New Deals 16 113,196 Total Renewals 13 71,731 Total Expansions 11 119,974 Totals 40 304,901

NORTH FULTON CLASS A DEAL STATISTICSLPC Transactions 2012 - 2015

Page 16: Brookside I & II

16 EQUUS

NORTH FULTON CLASS ARecent Lease Comps

BUILDING RSF TENANT TYPE QUARTER TERM RATE ESC TIA FREE RENT

Three Northwinds 3,126 Windward Specialty New 4Q 2015 65 $25.00 3.00% $25.00 5

Preston Ridge IV 8,043 Confidential Renew 1Q 2016 39 $25.50 3.00% $5.00 3

Preston Ridge IV 7,256 Confidential New 1Q 2016 36 $25.00 3.00% $7.50 0

Three Northwinds 6,084 Edgewater Renew 4Q 2015 56 $24.50 3.00% $10.00 4

Brookside Two 3,250 Dwell Design Expansion 1Q 2016 48 $24.50 3.00% $20.00 0

One Northwinds 6,514 CBIZ New 4Q 2015 65 $25.00 3.00% $20.00 5

Three Northwinds 2,670 OC Tanner New 4Q 2015 64 $25.50 3.00% $20.00 4

600 Northwinds 5,060 Muscle Up Marketing New 1Q 2016 84 $26.00 3.00% $35.00 5

600 Northwinds 5,961 Imedex Renew 1Q 2016 72 $26.00 3.00% $5.60 0

400 Northwinds 1,812 Maxwell Reddick Associates New 1Q 2016 51 $25.50 3.00% $8.50 3

200 Milton Park 7,433 Principal Senior Living Expansion 2Q 2016 77 $25.00 3.00% $25.00 2

Oak View I 29,956 Promethean Renew 4Q 2015 40 $23.50 3.00% $1.50 4

Lake View II 7,151 The Nielsen Company (US), LLC New 4Q 2015 65 $22.00 3.00% $8.00 0

Lake View II 16,199 Emerald Expositions, LLC New 3Q 2015 80 $22.00 3.00% $8.00 0

Lake View II 5,390 Rare Medium Renew 2Q 2015 36 $23.00 3.00% $0.00 0

The Falls 3,162 Opsolve, LLC New 2Q 2015 87 $25.50 3.00% $45.00 3

Oak View III 4,728 AGRO Merchants North America Holdings New 1Q 2016 65 $23.00 3.00% $4.00 5

The Falls 4,088 E&J Gallo Renew 4Q 2015 67 $25.50 3.00% $30.00 7

Lake View II 4,375 Wendy's Renew 4Q 2015 65 $23.50 3.00% $34.00 1

Lake View I 2,297 Working Media Group New 4Q 2015 65 $23.75 3.00% $18.00 5

Lake View II 10,349 Americredit Financial Services, Inc. New 4Q 2015 65 $22.75 3.00% $25.00 5

Lake View I 2,261 Global Water Management, LLC New 3Q 2015 65 $24.50 3.00% $29.00 2

Oak View I 10,621 Safeway - renewal  Renew 1Q 2016 64 $25.00 3.00% $8.00 4

Lake View I 38,218 AMEC Renew 1Q 2016 65 $24.50 3.00% $10.00 5

Oak View III 19,628 Ciena Renew 1Q 2015 36 $24.14 3.00% $5.00 0

Totals 215,632 60.88 $24.21 3.00% $16.28 2.88

Page 17: Brookside I & II

EQUUS 17

20,000 SF 40,000 SF

15,000 SF

100,000 SF

25,000 SF

50,000 SF

25,000 SF

NORTH FULTONTenants in the Market

Page 18: Brookside I & II

18 EQUUS

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EQUUS 19

MARKETINGSTRATEGIES

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20 EQUUS

SPEC SUITESFly-Through Video

Page 21: Brookside I & II

EQUUS 21

PLACES TO PLAYThe New Age Tenants Wants

Bocce Ball Biking Trails Putting Green

Page 22: Brookside I & II

22 EQUUS

SPECSuites

Page 23: Brookside I & II

EQUUS 23

LEASINGSigns

Page 24: Brookside I & II

24 EQUUS

MARKETINGPresence

Page 25: Brookside I & II

EQUUS 25

BROCHURE & FLYERDesign

Page 26: Brookside I & II

26 EQUUS

EMAILCampaigns

Page 27: Brookside I & II

EQUUS 27

ELECTRONICFlyer

Page 28: Brookside I & II

28 EQUUS

DIRECT MAILCampaigns

Page 29: Brookside I & II

EQUUS 29

PROFFESIONALPhotography

Page 30: Brookside I & II

30 EQUUS

PROPERTYVideo

Page 31: Brookside I & II

EQUUS 31

PROPERTYWebsite

Page 32: Brookside I & II

3405 Piedmont Rd NE,Suite 450Atlanta, GA 30341

404.266.7600

www.lpcsoutheast.com