Jacksonville 2012 Outlook - Industrial

March 29, 2012

Presenter

Hobart Joost Jr SIORHobart Joost, Jr., SIOR

PrincipalIndustrial Services Group DirectorIndustrial Services Group Director

Dir +1 904 358 1206

hobart.joost@colliers.com

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Jacksonville Industrial Vacancy

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Figures Provided By:

11530 New Berlin Road

- 872,627 SF Class A Warehouse on 31± Acres- 150,000 SF to 872,627 SF Available- Located in Northside Submarket- Close to Blount Island and Dames Point Marine Terminals- LEED Certified- 32’ Clear Ceiling Height- ESFR Sprinkler

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ESFR Sprinkler- 232 Dock High Doors and 4 Drive In’s- Lease Rate: $3.95/SF NNN

12400 Presidents Court

- 400,000 SF Class A Warehouse on 40 ± Acres- 120,000 SF to 400,000 SF Available- Located in Westside Submarket- Close to I-295, I-10 and US-1- 30’ Clear Ceiling Height- ESFR Sprinkler- 60 Dock High Doors and 1Drive In

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60 Dock High Doors and 1Drive In- Lease Rate: $3.95/SF NNN

2855 Faye Road

- 360,998 SF Class A Warehouse on 27± Acres- 100,000 SF to 360,998 SF Available- Located in Northside Submarket- Close to Blount Island and Dames Point Marine Terminals- 32’ Clear Ceiling Height- ESFR Sprinkler- 59 Dock High Doors and 1Drive In

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59 Dock High Doors and 1Drive In- Lease Rate: $3.95/SF NNN

Jacksonville in Comparison

Atlanta (10 County market)

Figures Provided By:

Year to date market comparisons

Atlanta (10 County market)Inventory: 636± Million SFVacancy: 12%Absorption: + 1,620,208 (YTD)Average Warehouse Rate: $3.25/SFOrlando (5 County market)

Jacksonville (5 County market)Inventory: 132± Million SFVacancy: 10%Absorption: + 285 250 SF (YTD)

Inventory: 167± Million SFVacancy: 9%Absorption: + 1,124,269 SF (YTD)Average Warehouse Rate: $4.45/SF

Absorption: + 285,250 SF (YTD)Average Warehouse Rate: $3.70/SF

Tampa (7 County market) South Florida (3 C t k t)p ( y )Inventory: 271± Million SFVacancy: 9%Absorption: + 582,302 (YTD)Average Warehouse Rate: $4.28/SF

South Florida (3 County market)Inventory: 408± Million SFVacancy: 7%Absorption: + 670,188 SF (YTD)Average Warehouse Rate: $6.54/SF

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Jacksonville Infrastructure

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Intermodal Container Transfer Facility (ICTF)

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Mile Point Fix

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Michaels Stores Lease

- Michaels, the arts and crafts retailer, signed a 3 year lease with Pattillo to occupy the space at 9200 W Beaver Street

- The building is in the Riverside submarket, located in the Westside Industrial Park and is 264,000± SF

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Falken Tire Corporation Lease

- Pattillo completed a $10.8 million Build-to-Suit for Falken Tire Corporation in the 1,200 Acre Westside Industrial Park

- The project consisted of 261,661 Square Feet for a high-performance tire regional distribution center with a 7 year lease term

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Interline Brands Lease

- Interline Brands, a marketer and distributor of maintenance, repair and operation products, more than doubled its space in Jacksonville by moving to a 275,000 SF distribution center in the Westside Industrial Park with a 10 year lease term

- Interline hired 70 new employees to work at the new facility

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General Electric Lease

- GE renewed their lease for 5 years at 600 Whittaker Drive within the Imeson Industrial Park

- The 469,830 SF Class A distribution center was built for General Electric in 1996, where they remain the sole tenant with a lease term of 5 years

- GE distributes all major appliances from Jacksonville to South Georgia the Carolinas Florida and the Caribbean

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South Georgia, the Carolinas, Florida and the Caribbean- The building is rail served, features T-5 lighting, new roofing

and modern design and functionality

Recent Industrial Development

13575 Waterworks StreetSaft Battery Plant, 235K SF, built in 2011, Riverside Submarket

4924 Bulls Bay HighwayFalken Tire, 261K SF, built in 2011, Westside Submarket

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780 Whittaker Road280K SF, 36% Occupied, built in 2011, Ocean Way Submarket

For More Information

Hobart Joost, Jr., SIORPrincipalPrincipalIndustrial Services Group DirectorDir +1 904 358 1206hobart.joost@colliers.com