5 Forrester Park | Greenville, SC Clear Springs Industrial Park | Greer, SC WWW.LEECOMMERCIAL.COM

Conceptual Photo

Global Commerce ParkNow Pre-leasing | 1Q 2018 Delivery 170,000 SF Class A Multi-Tenant Industrial Building Greenvi l le, South Car ol ina

THE OFFERING

Lee & Associates Commercial Real Estate Services— Greenville, LLC, as exclusive advisor, is pleased to present the opportunity to lease industrial space at 191 ClearSpring Court in Greer, South Carolina. The site will consist of a 170,000 SF multi-tenant industrial building and is conveniently located right off of Interstate 85.

The Upstate of South Carolina is well positioned to meet the needs of businesses in the logistics industry thanks to an extensive transportation infrastructure, a convenientlocation, favorable labor costs, and a number of additional advantages unique to the area. BMW Manufacturing Co. and Michelin North America anchor a cluster ofmanufacturers that benefit from proximity to the area's strong multimodal transportation networks - featuring the I-85 and I-26 corridors, the South Carolina Inland Port andnearby Port of Charleston, three airport facilities and two major commercial rail lines - that solidify the region's global connectivity.

· Greer is situated along the Interstate-85 corridor, halfway betweentwo of the largest cities in the Southeast - Atlanta, Georgia and Charlotte,North Carolina

· Class–A industrial building on ±24.6 acres; property is zoned I-1 Industrial,City of Greer in Spartanburg County. The property is less than one mile toI-85 via Brockman McClimon Road (Exit 58)

· Clear height: 28’

· 3 docks per bay

· Column spacing: 50’ x 50’

· Corner units have a GLD at each corner of building

2 Clear Springs Industrial Park | Greer, SC WWW.LEECOMMERCIAL.COM

EXECUTIVE SUMMARY

PROPERTY FEATURES

PROPOSED BUILDING(200’ x 818’)163,600 SF

SITE PLAN

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191 Clear Springs Court, Greer, SCis located right off of I-85 providingconvenient interstate access andvisibility. The site is approximately2.5 miles to the BMW Manufacturingplant, which can be accessed viaHighway 101 or I-85. Also nearby,the SC Inland Port is approximately6 miles from Clear SpringsIndustrial Park.

SITE

BMW Manufacturing Plant

Greer Inland Port

GSP International Airport

LOCATION OVERVIEW

Population

2015 Total Population: 370 9,747 63,297

2020 Population: 388 10,363 67,344

Pop Growth 2015-2020: 4.86% 6.32% 6.39%

Average Age: 40.00 38.10 37.90

Households

2015 Total Households: 145 3,663 24,272

HH Growth 2015-2020: 4.83% 6.47% 6.49%

Median Household Inc: $46,750 $60,604 $61,745

Avg Household Inc: $60,538 $75,672 $79,417

Median Home Value $185,897 $180,354 $192,063

1 MILE 3 MILES 5 MILESBMW

2.5 MILES 2.5 MILES

THE PROPERTY

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ACCESSIBILITY

Greer provides convenient access to major markets throughout the country. Situatedalong the mega-growth I-85 corridor, the county is centered between Atlanta, GA tothe south (145 miles) and Charlotte, NC to the north (92 miles). The county seat ofGreenville is located only 200 miles from the port city of Charleston. Greenville islocated within two driving days of 2/3 of the US population.

INTERSTATE AND HIGHWAYS

The Upstate of South Carolina has over 14,000 miles of state and countymaintained highways. Among these are several major interstate systems. I-85connects the southeast with the northeast. Greenville also connects with I-26 to thesouth, allowing access to the South Carolina ports.

INLAND PORT - GREER

A full-service port terminal located in Greer, SC, 212 miles inland from the Port ofCharleston. The Inland Port is operated by the SC Ports Authority as a containeryard and exclusive daily rail service is provided by Norfolk Southern to the Port ofCharleston.

PORT OF CHARLESTON

As the fourth busiest container port in the nation, the Port of Charleston handlesmore than $3 million in cargo every hour. The Port offers the deepest channels inthe region, capable of accommodating 8,000teu ships - and provides convenientaccess to global markets.

AIRPORTS

South Carolina's largest airport, the Greenville-Spartanburg InternationalAirport (GSP) is the major aviation facility in the Upstate. GSP provides bothpassenger and cargo service. The airport is served by six passenger airlines andfour cargo airlines. With a recent $100 million expansion, the airport is now capableof handling any aircraft flying today. The Upstate is also home to the GreenvilleDowntown Airport and Donaldson Field’s SC Technology and Aviation Center.

RAILROADS

Greenville County is served by two major railroads, Norfolk-Southern and CSXTransportation, and a short-line railroad, Carolina Piedmont. Norfolk-Southernprovides direct service to the Port of Charleston (second day delivery). All majormetropolitan areas in the United States are accessible within three to six days by rail.

WHY GREER?

LocationThe Greenville/Spartanburg market is centrally located between Atlanta, GAand Charlotte, NC, and between Miami, FL and New York, NY. Greenville andthe surrounding areas, situated at the foothills of the Blue Ridge Mountains,are commonly referred to as the Upstate. Greenville is easily accessible fromInterstate highways 85, 185, and 385, and U.S. highways 25, 123, 29, 276.

Business ClimateSouth Carolina is an employment at will state, with less than 1% of Greenvillecounty residents members of a union. Several sites in the Upstate aredesignated foreign trade zone areas, and Greenville boasts the highest level offoreign capital investment per capita in the nation, and is home to more than250 international firms from 26 nations, including BMW and Michelin.Greenville maintains a Standard and Poor's AAA bond rating.

Quality of LifeGreenville’s public school system is the largest in the state, and includes 11magnet academies. Over 10 colleges and universities are located in and withinclose proximity of Greenville. Greenville is also the cultural andentertainment center for the upstate, including an award winning downtown, amajor performing arts center, a 17,000 seat arena, a 340,000-square-footconvention and exhibition center, nationally recognized museum collections,and 39 parks, playgrounds and recreation centers.

Economy OverviewThe unemployment rate in Greenville, South Carolina is 3.80% with job growthof 1.90%. Future job growth over the next ten years is predicted to be 40.00%.Greenville’s sales tax rate is 6.00% and income tax is 7.00%. The medianhousehold income is $41,553.

GREENVILLE-SPARTANBURG

Source: hƩp://greenvillesc.gov/and hƩp://www.bestplaces.net/

Fountain Inn

Fountain Inn has a relaxed quality of life and convenient location that help draw diverse new developments. The com-munity recently began construction of Commerce Park and a Historical Center. The city also expanded programming atthe Fountain Inn Civic Center, an addition that drew over 10,000 visitors, and welcomed the Art Haven School of theArts and several new businesses.

Greer

As South Carolina's second fastest-growing city, Greer is enjoying rapid expansion. Greer Development Corporationrecently helped 9 prospects representing 230 new jobs and $36 million in investment. The GDC also completed 60existing industry visits to help businesses eliminate barriers to growth and sustainability.

Mauldin

Mauldin is a progressive community that has experienced significant new developments in recent years. The Highway276/Main Street corridor is advancing with completed design work including sidewalks, streetscaping, and safety en-hancements. Additionally, Samsung Networks America began operations and already has over 700 employees whileBrookfield Corporate Center continues to thrive with expansions by GE and other Fortune 500 companies.

Simpsonville

The Simpsonville area continues to undergo significant growth. Recent developments include a 14-screen theater withnearby dining and big box retail properties. Heritage Park Amphitheater, the new 17,000-person capacity concert ven-ue, hosted such national performers as John Mellencamp, Bob Dylan, and Styx. Additionally, the downtownstreetscape project drew three-new restaurants, Greenville Hospital System broke ground on a new medical office com-plex on West Georgia Road, and a new Comfort Suites Hotel opened.

Travelers Rest

An economic center of northern Greenville County, Travelers Rest has recently undergone a significant downtown revi-talization that added on-street parking, parks, decorative lighting, road realignment, and landscaping. The City expand-ed sewer capacity to accommodate anticipated growth and the Swamp Rabbit Trail, a greenway that links TravelersRest to Furman University, has been completed. Future plans for the trail are to connect to downtown Greenville.

Source: hƩp://www.greenvilleeconomicdevelopment.com/our-communiƟes.php

SURROUNDING CITIES

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DEMOGRAPHIC REPORT

Population:2020 Projection 388 10,363 67,3442015 Estimate 370 9,747 63,2972010 Census 335 8,912 59,122Growth 2015-2020 4.86% 6.32% 6.39%Growth 2010-2015 10.45% 9.37% 7.06%2015 Population Hispanic Origin 16 859 5,887

2015 Population by Race:White 336 8,503 52,181Black 19 713 7,025Am. Indian & Alaskan 1 34 216Asian 8 330 2,822Hawaiian & Pacific Island 0 7 46Other 6 166 1,058

Households:2020 Projection 152 3,900 25,8472015 Estimate 145 3,663 24,2722010 Census 130 3,335 22,683Growth 2015 - 2020 4.83% 6.47% 6.49%Growth 2010 - 2015 11.54% 9.84% 7.01%Owner Occupied 114 3,023 17,220Renter Occupied 31 640 7,052

2015 Avg Household Income $60,538 $75,672 $79,4172015 Med Household Income $46,750 $60,604 $61,745

1 Mile 3 Miles 5 Miles

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ABSORPTIONAs a result of the rapidly expanding business base, net absorption of industrial space hasbeen consistently positive. In Q2 2016, nearly 3.2 million square feet was added to the to-tal of occupied space, almost triple the total for Q1, and more than was recorded in all of2015. If not for scarce availability in the smaller size ranges, where demand is especiallystrong, absorption totals would be even higher. Absorption of this magnitude rivals that ofmarkets that double or triple the region’s 202-millionsquare-foot base inventory.

VACANCYDemand is still running well ahead of supply in all size ranges. Vacancy moved down againin Q2 by 20 basis points to end the quarter at 6.9%, a post-recession low. Despite the deliv-ery of over 3 million square feet of new space during the quarter, tenants are still runningshort of options, as development of new product is just not keeping pace with demand.Developers and conventional lending sources have been conservative in their approach tonew spec development, and the supply of quality sites for build-to-suits, especially in theGreenville area, is tight and getting more expensive. So, builders are taking a harder look atneighboring Spartanburg and Anderson Counties along the I-85 corridor for new projects.

UNDER CONSTRUCTIONThe pipeline of space under construction for Q2 totaled nearly 4.7 million square feet. But,that may not even be enough to satisfy current demand, which is often based on immediateneed. Tenants, hungry for space, are willing to pay a premium to get it. Essentially, theyhave little other choice, as existing inventory of quality product available for lease has runshort, as well.

RENTAL RATESAverage asking rents moved up another $.06 to $3.64. Landlords are taking full advantageof the rising rents and are showing little interest in selling properties that are performing sowell. Recent projects have been leasing up within six months of completion, despite higherrents. In this market, there are still more buyers than sellers for quality properties.

8.50 %

8.00 %

7.50 %

7.00 %

6.50 %2015Q2

2015Q3

2015Q4

2016Q1

2016Q2

VACANCY RATE

2015Q2

2015Q3

2015Q4

2016Q1

2016Q2

3,300,000

2,750,000

2,200,000

1,650,000

1,100,000

550,000

0

NET SF ABSORPTION

GREENVILLE-SPARTANBURG INDUSTRIAL MARKET

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Class A Industrial Survey 5 Year Avg

AVAILABILITYRent Per SF $4.40 $4.20Vacancy Rate 22.0% 11.9%Vacant SF 1,846,682 565,066Availability Rate 20.4% 18.4%Available SF 2,001,899 1,057,435Sublet SF 248,800 76,658

DEMAND12 Mo. Absorption 1,353,561 673,97912 Mo. Absorption 1,924,320 805,745

SALESSale Price Per SF $55 $58Asking Price Per SF $28 $30Sales Volume (Mil.) $28 $27Cap Rate 6.6% 6.7%

INVENTORYExisting Buildings 67 46Existing SF 8,404,057 4,753,53912 Mo. Const. Starts 1,673,219 1,825,547Under Construction 1,432,456 1,508,70012 Mo. Deliveries 2,426,687 1,758,629

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A CLOSER LOOK: CLASS A INDUSTRIAL MARKET

This Confidential Memorandum has been prepared by Lee & Associates Commercial Real Estate Services— Greenville,LLC (“L&A”) and is being furnished to you solely for the purpose of your review of the commercial property located at thecorner of Holland Road and Brookfield Oaks Drive in Greenville, SC (the “Property”). The material contained in thisOffering Memorandum shall be used for the purposes of evaluating the Property for acquisition and shall not be used forany purpose or made available to any other person without the express written consent of P. Randall Bentley (“Broker”).

By accepting the Confidential Memorandum, you acknowledge and agree that: (1) all of the information contained hereinand any other information you will be receiving in connection with this transaction, whether oral, written or in any otherform (collectively, the “Materials”), is confidential; (2) you will not reproduce the Confidential Memorandum in whole or inpart; (3) if you do not wish to pursue this matter, you will return this Confidential Memorandum to L&A as soon aspracticable together with all other materials relating to the Property which you may have received from L&A; and (4) anyproposed actions by you which are inconsistent in any manner with the foregoing agreements will require the priorwritten consent of L&A.

This Confidential Memorandum has been prepared by L&A, based upon certain information pertaining to the Propertyand any information obtained from L&A to assist interested parties in making their own evaluation of the Property isoffered on a no representation or warranty provision other than customary warranties of title and is sold on an “as-is,where-is” basis and with all faults. The material and transaction does not purport to be all inclusive. This ConfidentialMemorandum contains descriptive materials, financial information and other data compiled for the convenience of partiesinterested in the Property. The Materials are being delivered by L&A to prospective investors with the understanding thatit is not all inclusive and that it is qualified in its entirety by independent investigation by prospective investors of thosematters which they deem appropriate in evaluating this offering without reliance upon L&A, the Broker or any of theirrespective affiliates or any of the information set out in the Materials. Neither L&A, the Broker, nor any of their respectiveaffiliates have independently verified any of the information contained herein or in any of the Materials, and norepresentations or warranties as to the accuracy or completeness thereof or of any other kind whatsoever are made orintended and none should be inferred.

L&A, for itself and its affiliates of the Property, expressly disclaim any and all liability for statements or representations,express or implied, contained herein or for omissions from the Materials or for any other written, oral or other format ofcommunication transmitted to a prospective investor in the course of its evaluation of the proposed transaction. Allsummaries and discussions of documentation and/or financial information contained herein are qualified in their entiretyby reference to the actual documents and/or financial statements, which upon request may be made available. Theterms and conditions described herein are subject to change without notice.

This Confidential Memorandum does not constitute an offer to accept any investment proposal but is merely a solicitationof interest with respect to the investment described herein. The Confidential Memorandum does not constitute an offer ofsecurity. The investment described herein may be financed or withdrawn from the market, without prior notice. Byaccepting this Confidential Memorandum you agree to release L&A and hold it harmless from any kind of claim,expense, or liability arising out of your discovery or purchase of the Property. L&A reserves the right to request the returnof the Materials at any time. Ownership of the Property reserves the right to negotiate with one or more prospectiveinvestors at any time.

Conf iden t ial Disc laimer

RANDALL BENTLEYPRESIDENT, CCIM, SIOR

License No. 2953864.704.1040rbentley@lee-associates.com

PRESENTED BY

101 W Court Street, Suite AGreenville, SC 29601

ph: 864.704.1040fx: 864.704.1041

www.lee-commercial.com

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