376 Broadway, Schenectady, New York 12305 P. 518.344.5400 E. info@highbridgedevelopment.com

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Highbridge Development is one of the Capital Regions fastest

growing commercial development company specializing in Office, Retail, Assisted Living and Hi Tech Facilities. Since its inception in 1999, Highbridge has played a pivotal role in reshaping the Capital Region and with the City of Schenectady being its primary focal point……its surrounding communities. One of its primary focal points is in the City of Schenectady. Highbridge has invested a significant amount of time, effort and money into the rebuilding and revitalization of the city of Schenectady and providing opportunity for future growth.

Highbridge Development’s experience and strengths are in its ability to successfully plan and execute the development of complex, multi-faceted projects. The company works closely with local, state and federal agencies, as well as architects, engineers, environmental and construction firms

to achieve its goals. Its experience and knowledge in acquiring, planning, financing and managing both small scale and large scale projects makes it a universal leader in the development and building industry.

Highbridge takes the approach that development is only the beginning of a successful project. Realizing a long-term commitment to own and manage a real

estate asset, has made Highbridge and active member in the communities in which it develops. Highbridge remains dedicated to the long-term success of its projects long after construction ends.

Company Profile

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Notable projects that were developed and sold to the end users:

■ 80,000sf Northeast Regional Headquarters for Time Warner Cable. ■ 68,000sf 75 bed Assisted Living Facility for Ingersoll Resident homes.■ 60,000sf Distribution Center for Freihofer bakeries■ 35,000sf Distribution Center for George Weston Bakeries

Notable completed projects that were developed and retained:

■ 80,000Sf Regional Shopping Center, Mansion Square.■ 25,000sf Commercial lending office and Insurance Agency for Schenectady Employee Federal Credit Union (SEFCU).■ 28,000sf Nuclear components testing facility for Argo Turbo Service.■ 22,500sf Professional Office building for New Schenectady LLC.

Today Highbridge owns and manages over a quarter million square feet of Office, retail, technology and warehouse facilities throughout the Capital Region.

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CEO and PresidentPlank Construction Services, LLC

Managing MemberHighBridge Development, LLC

BIOGRAPHICAL SUMMARYBorn and raised in upstate New York, John continues to reside in the Capital Region. Being married for 27 years with two children, he is a devoted husband and father, who believes dedication and hard work are the fundamentals to life and success. After graduating from college John progressed and guided his career through bold leadership and challenging opportunities. He realized early on that to be successful he needed to build a team of individuals that were as dedicated and hardworking as he was. His beliefs in relationship building through trust, communication, commitment and mutual respect are the principles that his team members believe in and strive to achieve.

BIOGRAPHICAL HIGHLIGHTS■Born in 1963■Attended Mohonasen Schools in Rotterdam New York and graduated in 1981.■Attended Herkimer County Community College where he studied Construction Technologies and Architecture. Graduated in 1983 with an Associate of Applied Science Degree.■Attended Utica College of Syracuse University where he studied Construction Management, Architecture and Engineering. Graduated in 1985 with a Bachelor of Science Degree.■After graduating from College, he was hired by a large development/construction firm, Gaylord Construction. Gaylord developed

and constructed hotels, apartments and office complexes. This was his first experience were he represented both the developer and builder.■After a short period with Gaylord, he was recruited and hired by Plank Construction as a construction estimator. Plank was a smaller general construction firm but offer the opportunity for growth and ownership. They primarily obtained their work through competitive bid and constructed fast-food, retail and education facilities. ■In 1993 he became a junior partner and Vice President in the firm with responsibilities of managing the day to day operations and assumed the senior role with the project manager and project superintendant group.■In 1997 he became the senior partner and President in the firm with responsibilities of running and managing all aspects of the company.■In 2002 he became sole owner and CEO of Plank Construction Services and has managed and operated the company successfully ever since.

CORPORATE AFFILIATIONS■In 1999 he started Highbridge Development, a commercial development firm that operates mostly in Upstate New York. He is the managing member and oversees all aspects of the firm. Highbridge development has successfully developed since its inception, retail centers, office complexes, senior living complexes and distribution centers were 60% of them are retained and managed.

■In 2002 he started Highbridge Management LLC, a commercial property management firm that operates mostly in upstate New York. He is the managing member and oversees all aspects of the firm. The management company was established to manage properties owned and operated by Highbridge Development and their affiliations.

John R. Roth Executive Profile

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PROFESSIONAL AFFILIATIONS■ Board Member – Hope House of Albany, 2001 to 2003■ Board Member, Buildings Council – American Buildings Systems, 2001 to 2003■ Executive Board Member, Buildings Council – American Buildings System, 2004 to 2006■ Board Member – Jack’s Place, 2008 to Present■ Board Member – Construction Advisory Board – Utica College of Syracuse University, 2008 to present■ Board Member – Schenectady Stakeholders, 2009 to present■ Board Member, Corporate Gifts Committee, Ellis Medicine Foundation, 2010 to present■ Member, Elks Club, 2000 to present

AWARDS/PUBLICATIONS■ Schenectady County Chamber, 2004 Company of the Year■ Schenectady County Chamber, 2004 Businessman of the Year■ Guilderland Little league, 2004 Coach of the year■ Guilderland Babe Ruth, 2007 Coach of the year■ Construction Today.com, 2008 feature story on focused Design/Build Contractors and Developers.■ American Buildings System, 1999, 2001, 2004, 2005, 2006, 2009 and 2010 Million Dollar Club■ Ceco Buildings System, 2010 and 2011 Million Dollar Club

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CFOPlank Construction Services, LLC

MemberHighBridge Development, LLC

Carlo E. Cioffi Executive Profile

BIOGRAPHICAL SUMMARYBorn and raised in upstate New York, Carlo remained in the area during and after completing his BBA Degree in Accounting at Siena College. He is married with three children, and devotes his life to the happiness of his family and the success of his work. After spending 14 years in public accounting, Carlo made the switch into private business accounting where he has remained and flourished by developing and maintaining strong business relationships with local banking and insurance industries.

BIOGRAPHICAL HIGHLIGHTS■Born in 1962■Attended Cohoes Schools in Cohoes New York and graduated in 1980 with a Regents Diploma.■Attended Siena College. Graduated Magna Cum Laude with a Bachelor degree in Business Administration in Accounting in January 1984.■After graduating worked as a staff accountant at John E. Beverly, CPA. Responsible for the computation and preparation of complied financial statements, corporate and personal Federal and State income tax returns, quarterly payroll tax returns and NYS sales tax returns.■In 1987 passed the certified public accountants’ exam and was admitted to the American Institute of Certified Public Accountants and the NYS Society of Certified Public Accountants

■Recruited and hired by Teal, Becker and Chiaramonte CPA’s PC as a Senior Accountant in 1987. Responsibilities included Supervision of staff accountants in the preparation and completion of audit, review and compilation engagements. These engagements included the preparation of financial statements, tax returns, tax projections and management letters as required. Advise and assist client’s professional staff in complex and everyday operations.■In 1991 became Accounting Manager with responsibilities of managing the overall supervision of audit engagements, concentrating in the areas of construction, real estate development, including planning of engagements, final review of work papers, financial statements and tax returns. Provided management services and consultation to clients to develop ongoing strategies on all financial and tax matter.

■In 1998 became CFO of Plank LLC and was responsible for managing all financial aspects for the company. He was placed in charge of managing the receivable and payable accounts, banking relationships and insurance relationships.

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CORPORATE AFFILIATIONS■ In 2002 he became a member in Highbridge Development, a commercial development firm that operates mostly in Upstate New York. He oversees all banking and insurance aspects of the firm. Highbridge Development has successfully developed retail centers, office complexes, senior living complexes and distribution centers.

PROFESSIONAL AFFILIATIONS■ Board Member – Salvation Army■ Board Member – Niskayuna Baseball Ltd.■ Board Member – Niskayuna Youth Basketball■ Involved in various activities and clubs in Niskayuna school district

AWARDS/PUBLICATIONS■ Certified Public Accountant License (1987)■ American Institute of Certified Public Accountants■ New York State Society of Certified Public Accountants

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Northeast Regional Headquarters Time Warner Cable

Time Warner Cable came to HighBridge Development, with a need for a new

corporate facility, asking that it be constructed as a Design-Build turnkey project. HighBridge Development in turn a general contractor to lead the Design-Build team in their construction efforts.

With the general contractor taking the lead role in the project they worked with many professionals who designed a unique facility that included a hi-tech production studio, call and payment centers, corporate offices and a state of the art corporate conference center.

This project is an 80,000SF building, constructed of cast-in place concrete, structural steel, and various types of exterior masonry units. The interior is designed with high-end finishes and a strong emphasis on sound reduction and control.

The project took three months to design and was constructed in approximately twelve months, with a complete project cost of $10.4 million.

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Experience

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75 Bed Assisted Living Facility | Ingersoll Resident Homes

In 2008 Ingersoll Adult Home hired Highbridge Development to demolish and reconstruct

their Assisted Living facility. The bathrooms along with the entrance to the building were constructed to be handicap accessible.

The new facility is 68,000SF which includes:unisex hair salon, private dining room, library, sunrooms, sitting areas with fireplaces, luxurious spa rooms, front porch, courtyard, and gardens.

The project was completed in 2008 and cost approximately $8 million to construct.

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Experience

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Nuclear Components Testing Facility | Argo Turbo Service

Argo Turbo Service Corporation need to expand their existing operation

in Schenectady, NY so they worked with Highbridge Development to aid in securing a site, design of the new building, and also construction of a new facility. The new facility is a 22,000SF Pre-Engineered building with a hi-tech look. The facility includes modern

open space offices, a state of the art conference center and unique testing and certification labs. The facility required hi tech security and fire suppression systems which included a shipping dock that meet these same standards.

The project was completed in 4 months and costing $2,400,000.00.

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Experience

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Regional Shopping Center, Mansion Square

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Experience

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376 Broadway, Schenectady, New York 12305 P. 518.344.5400 E. info@highbridgedevelopment.com

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DEVELOPMENTHIGHBRIDGE