OUTSTANDING REDEVELOPMENT OPPORTUNITY 901 CHARLOTTE AVENUE NASHVILLE, TN 37203

901 CHARLOTTE AVENUENASHVILLE, TN

AFFILIATED BUSINESS DISCLOSURE AND CONFIDENTIALITY AGREEMENT

CBRE, Inc. operates within a global family of companies with many subsidiaries and related entities (each an “Affiliate”) engaging in a broad range of commercial real estate businesses including, but not limited to, brokerage services, property and facilities management, valuation, investment fund management and development. At times different Affiliates, including CBRE Global Investors, Inc. or Trammell Crow Company, may have or represent clients who have competing interests in the same transaction. For example, Affiliates or their clients may have or express an interest in the property described in this Memorandum (the “Property”), and may be the successful bidder for the Property. Your receipt of this Memorandum constitutes your acknowledgement of that possibility and your agreement that neither CBRE, Inc. nor any Affiliate has an obligation to disclose to you such Affiliates’ interest or involvement in the sale or purchase of the Property. In all instances, however, CBRE, Inc. and its Affiliates will act in the best interest of their respective client(s), at arms’ length, not in concert, or in a manner detrimental to any third party. CBRE, Inc. and its Affiliates will conduct their respective businesses in a manner consistent with the law and all fiduciary duties owed to their respective client(s).

Your receipt of this Memorandum constitutes your acknowledgement that (i) it is a confidential Memorandum solely for your limited use and benefit in

determining whether you desire to express further interest in the acquisition of the Property, (ii) you will hold it in the strictest confidence, (iii) you will not disclose it or its contents to any third party without the prior written authorization of the owner of the Property (“Owner”) or CBRE, Inc., and (iv) you will not use any part of this Memorandum in any manner detrimental to the Owner or CBRE, Inc.

If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return it to CBRE, Inc.

This Memorandum contains select information pertaining to the Property and the Owner, and does not purport to be all-inclusive or contain all or part of the information which prospective investors may require to evaluate a purchase of the Property. The information contained in this Memorandum has been obtained from sources believed to be reliable, but has not been verified for accuracy, completeness, or fitness for any particular purpose. All information is presented “as is” without representation or warranty of any kind. Such information includes estimates based on forward-looking assumptions relating to the general economy, market conditions, competition and other factors which are subject to uncertainty and may not represent the current or future performance of the Property. All references to acreages, square footages, and other measurements are

approximations. This Memorandum describes certain documents, including leases and other materials, in summary form. These summaries may not be complete nor accurate descriptions of the full agreements referenced. Additional information and an opportunity to inspect the Property may be made available to qualified prospective purchasers. You are advised to independently verify the accuracy and completeness of all summaries and information contained herein, to consult with independent legal and financial advisors, and carefully investigate the economics of this transaction and Property’s suitability for your needs. ANY RELIANCE ON THE CONTENT OF THIS MEMORANDUM IS SOLELY AT YOUR OWN RISK.

The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions at any time with or without notice to you. All offers, counteroffers, and negotiations shall be non-binding and neither CBRE, Inc. nor the Owner shall have any legal commitment or obligation except as set forth in a fully executed, definitive purchase and sale agreement delivered by the Owner.

© 2018 CBRE, Inc. All Rights Reserved

TABLE OF CONTENTS

04 EXECUTIVE SUMMARY

06 PROPERTY DESCRIPTION

08 MARKET OVERVIEW

CHARLOTTE AVENUE

ROSA

L PARK

S BOU

LEVA

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901 CHARLOTTE AVENUENASHVILLE, TN

EXECUTIVE SUMMARY

CBRE, Inc. is pleased to represent the owner as the exclusive marketing advisor in the sale of the Otis Elevator Company site. The ± 0.20 AC re-development site is located in the core of Downtown Nashville, just minutes away from the upcoming North Gulch neighborhood, home to the massive Capitol View development and HCA’s corporate headquarters. This site presents a rare opportunity to acquire land in one of the fastest growing and most promising markets in the country.

Bordered by The Gulch, Interstate 40 (I-40) and Midtown to the West, Sobro to the South, and Germantown to the North, this centrally located site serves as an important link in Nashville’s expanding CBD. Included in that expansion is the massive Nashville Yards commercial and residential project planned to the east of the property.

“THE GULCH”

“SOBRO”

“DOWNTOWN CORE”

901 CHARLOTTE AVENUE

Property Details - 901 Charlotte Avenue

Address 901 Charlotte Avenue

City Nashville, TN

Acreage ± 0.20 AC

Submarket Downtown

Zoning Downtown Commercial (DTC)

Building Size 3,875 SF

PROPERTY DESCRIPTION

PROPERTY DESCRIPTION

PROPERTY IDENTIFICATION

PROPERTY NAME: 901 Charlotte AvenueADDRESS: 901 Charlotte Avenue

Nashville, TN TAX PARCEL NUMBER: 093-05-132.01ZONING: DTCSIZE (ACRES): ±0.20LAND (SF): ±8,172 SFBUILDING (SF): ±3,888

EXISTING IMPROVEMENTS

PROPERTY TYPE: Commercial/OfficeNUMBER OF BUILDINGS: One (1)NUMBER OF STORIES One (1)GROSS BUILDING AREA (OFFICE):

±3,888 SF

YEAR BUILT: 1964BUILDING FRAME: MasonryEXTERIOR WALLS: BrickFLOORS: Vinyl Tile, Ceramic Tile, Carpent

and Concrete

MARKET OVERVIEW

N A S H V I L L EW E L C O M E T O

The growth potential Nashville has to offer has been gaining momentum in recent months. As the state capitol of Tennessee, and a transportation hub for the Southeast, Nashville is ideally located on the Cumberland River in north central Tennessee, midway between Memphis and Knoxville. The city of Nashville is situated approximately 650 miles from 50% of the U.S. population, which is a key feature in the expansion of the city.

Nashville offers a beautiful, lush landscape, a seasonally mild climate, laid-back lifestyle and access to some of the country’s best entertainment. The city has long been known as Music City, and while the music industry continues to boom, the economy of Nashville is not strictly based on music alone. Along with music, healthcare, entertainment and professional sports, tourism and conventions, publishing, finance and insurance, technology, higher education and transportation are all leading industries

of Nashville. Nashville’s location, diverse economy, high-quality workforce, unique tax advantages/incentives and the overall low cost of doing business are noteworthy features that further solidify the city as one of the premier business centers in the Southeast.

Metro Nashville, which boasts approximately 1.9 million people, has experienced a strong population growth over the past decade and is expected to continue. Population Projections predict that more than 2.5 million people will live in Nashville by 2040. Nashville’s population has grown by 11.30% since 2010, averaging 2.0% growth per year (well above the national average). The rapid influx of residents has put Nashville on the list of “Top 10 Metros for Population Growth” for the past five years.

The city of Nashville significantly contributed to reducing the state’s unemployment rate as Nashville had the lowest rate for a

major metropolitan area, officially registering at 2.3%. According to the Bureau of Labor Statistics, Tennessee’s unemployment rate is currently 3.4%, increasing slightly from the previous quarter’s rate of 3.0%, which was the lowest in the state’s history. Nashville’s appeal to young professionals is a key part of maintaining the city’s low unemployment and ability to attract top employers. College graduates are looking to Nashville for its diverse job opportunities and lower cost of living than many other cities that attract college graduates.Nashville has been ranked within the top 10 large metros for job growth and population growth for the past few years. The Nashville region experiences low unemployment, steady in-migration and a favorable business climate, making it a top location for companies looking to relocate or expand their business.

Nashville’s healthy business fundamentals, broad diversification and growing population bode well for the metro’s future success. According to the Nashville Chamber of Commerce, the Nashville MSA has experienced job growth of 25 percent over the past decade, making the region the second fastest growing metro economy in the country since the Great Recession. Nashville’s economy continues to grow as millennials seek opportunities in the area. The city has been a top ten metro area in the U.S. for job growth for a number of years, and ranked #3 for “Best Big Cities for Jobs 2018” by Forbes, growing 2.5% in 2017. The city has benefited from consistent job growth, a broad labor force, low unemployment, heavy outside investment and expansion. Tech talent in Nashville has grown by 68% over the past 5 years, second in the U.S. behind Charlotte. Nashville’s strength is derived from its economic diversity. Many different industries are based within the city making it unique and giving Nashville the opportunity to be a leader in the music industry, healthcare, tourism and higher education.

The strong growth of Nashville’s economy has fueled many relocations and expansions. Throughout the past decade, more and more businesses have chosen to call the Nashville area home. The success of corporate headquarters such as Nissan, HCA, Mars Pet Care, Asurion, Bridgestone, Gaylord Entertainment, Louisiana Pacific, Dollar General, and Caterpillar Financial are just a few examples of the Nashville success story. Within the past decade, several headquarter relocations have been announced, marking the most prolific years for corporate relocation activity in the Middle Tennessee region’s history. The Nashville area’s strong workforce, excellent logistical advantages, cost efficiency of doing business, and pro-business attitude are all contributing factors that have pointed Nashville to new heights of growth and resurgence. In 2017, 44 companies announced plans to relocate or expand in Davidson County, resulting in the creation of 3,319 new jobs, $146.71 million in capital investment, and over 1.56 MSF occupied. For the same time period, 91 companies announced expansion plans for the Middle Tennessee area, creating 7,292 new jobs, over $1.12 billion in capital investment and 6.47 MSF occupied.

NASHVILLE’S BOOMING ECONOMY

Company # of Employees

Vanderbilt University Medical Center 20,428

Nissan North America 10,750

HCA Holdings, Inc. 10,613

Saint Thomas Health 6,243

Community Health Systems 4,700

Randstad 4,557

Asurion 3,600

The Kroger Co. 3,523

National HealthCare Corp. 3,250

Shoney’s, Inc. 3,000

Electrolux Home Products 2,900

Bridgestone Americas 2,897

Lowe’s Cos. 2,890

Cracker Barrel Old Country Store 2,600

Amazon 2,500

Source: Nashville Chamber of

LARGEST EMPLOYERS IN THE NASHVILLE AREA

Rank Metropolitan Area

1 Dallas, TX

2 Austin, TX

3 Nashville, TN

4 San Jose, CA

5 Charlotte, NC

6 Orlando, FL

7 Raleigh, NC

8 San Francisco, CA

9 Seattle, WA

10 Riverside, CA

BEST CITIES FOR JOBS 2018

R E CE N T R E CO G N I T ION

NASHVILLE RANKED

NASHVILLE RANKED NASHVILLE RANKED

NASHVILLE RANKED

NASHVILLE RANKED

NASHVILLE RANKED

NASHVILLE RANKED

NASHVILLE RANKED

“BEST BUY CITIES: WHERE TO

INVEST IN HOUSING IN 2017”

“BEST BIG CITY FOR JOBS

IN US”

“FASTEST GROWING

CITIES OF 2018”

#82016 BEST-PERFORMING

CITIES

“MINOR LEAGUE

BASEBALL CITY”

MARKET FOR GROWTH OF HIGHLY

SKILLED TECH WORKERS

METRO FOR ECONOMIC HEALTH

Forbes.com, January 2017

Forbes, May 2018

Forbes, February 2018

Milken Institute, January 2018

American City Busines Journal, October 2017

The Milken Institute, December 2016

Asset, October 2017

CBRE’s Tech Talent Report, July 2016

TOP 10

#3

# 7

# 7

# 1

#2#4

NASHVILLE RANKED

“HAPPIEST CITIES TO WORK

IN”

Forbes, April 2018

TOP 2 0

“BEST PERFORMING CITY

OF 2017”

DOWNTOWN NASHVILLEDOWNTOWN NASHVILLE FUTURE DEVELOPMENTS

GIBSON BRANDS GULCH PROPERTY

Fifth + BroadwayNashville Yards

Capitol View

Future Asurion HQ

Broadway Tower

Gulch Union

• 1,100,000 SF Class A Office

• 378 Residential Units

• Hampton Inn & Suites

• Major Tenants:

• 1,500,000 SF Class A Office

• 1,000 + Residential Units

• Hyatt Regency

• 600,000 SF entertainment

• 385,000 SF Class A Office

• 380 Residential Units

• 180,000 SF Retail

• Major tenants:

• Highwoods development

to be future home of:

• 479,000 SF office

• 66,150 SF Class A Office

• Luxury residential tower

• Anchor tenant:

• 329,000 SF Class A Office

• Future phases to include hotel,

residential units, retail

Broadway

INTERSTATE

40

901 CharlotteAvenue

CONTACT US

STEVE PRESTONSenior Vice President+1 615 248 1114steve.preston@cbre.com

HAYES MCWILLIAMSAssociate+1 615 493 9223hayes.mcwilliams@cbre.com

901 CHARLOTTE AVENUENASHVILLE, TN