Creating Homes for Businesses Since 1967®

COMPANY CAPABILITIES & KEY PERSONNEL

Our PHILOSOPHY. We believe if you do the

right thing, your business will prosper. Leroy

Merritt, who founded our company more than

four decades ago, often completed deals on a

handshake and that level of trust and respect

continues at our company today.

TABLE OF CONTENTS

Our Capabilities

Construction Services

Key Personnel

Merritt PropertiesCOMPANY CAPABILITIES & KEY PERSONNEL

Our Portfolio

“ Each and every person at Merritt with whom we

have worked has performed their job in a totally

professional and conscientious manner and has

been a pleasure to work with. We could not be more

pleased to be your partner and tenant and look

forward to our partnership for many years to come.”

– CHARLES L. BURMANCEO, BAKERY EXPRESS

A Unique Perspective CREATING HOMES FOR BUSINESSES

Since 1967, we have remained true to

our mission: creating homes for businesses.

With this point of view, Merritt Properties

has grown to become one of the region’s

leading commercial real estate development

companies. With 16 million square feet

throughout Maryland and Northern Virginia, we

offer the area’s largest privately held portfolio

of office, flex, warehouse and retail space.

Our Capabilities

As a fully integrated developer with 16 million

square feet of commercial space, our in-house

capabilities are expansive. They include land

entitlement and rezoning, site development,

new construction, redevelopment, interior build-

outs, leasing, property maintenance, property

management, financing, accounting, marketing

and LEED/green building methods and evaluation.

Few firms can boast such significant in-house

capabilities, or the streamlining and efficiencies

that come with them. We have also remained true

to our conservative financial approach, which

has allowed us to weather periods of economic

turbulence and emerge each time a stronger, smarter

company. This means you’ll benefit from an expertise

built on more than four decades of strategically

developing, positioning and repositioning land in

the Baltimore/Washington region.

Most importantly, along with all of these significant

capabilities, you’ll find we have the personality

of a small company. In other words, we offer the

sophistication and financial stability of a large

company with the responsiveness and personal

service you’d expect from a small one. It’s the ideal

combination: outstanding expertise and a unique

ability to see things from the customer’s perspective.

MERRITT CAPABILITIESINCLUDE THE FOLLOWING:

• Commercial Development

• Leasing and Asset Management

• Property Management

• New Construction

• Redevelopment

• Green Building

• Design-Build

• Commercial Interiors

• Financing

A Diverse Portfolio to ACCOMMODATE ANY BUSINESS

After 45 years of commercial real estate

development and property management,

our privately held portfolio has grown to

be the largest and most diverse in

the Baltimore-Washington region. We

offer more choices and smarter design,

with an intense focus on our customers’

needs and satisfaction.

“ My company evaluates capital construction

projects for the largest corporations in the world…

Therefore, I know what I am talking about when I

say that your performance in developing this

building was world class.”

– EDWARD W. MERROWPRESIDENT, INDEPENDENT PROJECT ANALYSIS, INC.

With 16 million square feet and more than 70

locations, the diversity of our portfolio allows us to

serve virtually every type of business. But that’s only

part of the story. We also bring to the table innovative

thinking and a broad range of experience. Combined,

they allow us to be with you every step of the way in

creating your initial space, as well as throughout the

growth and development of your business. We have a

long list of customers who began with us as small

start-ups and have evolved into industry leaders…

and we’ve been with them throughout every stage

of their growth.

From entrepreneurs to established companies,

Merritt Properties has the expertise and portfolio

to assure that your business will find a home in

which it will thrive. Plus, we have the flexibility to

accommodate your expanding needs as you grow.

With locations throughout Maryland and Northern

Virginia, we have properties near all major commuter

routes, Baltimore’s downtown business district,

railways and the Port of Baltimore, as well as Fort

Meade and Aberdeen Proving Ground.

Our portfolio has the diversity to find a home for

every business and organization, from full-scale

manufacturing and distribution centers to high-tech

data centers, SCIF spaces and contemporary

corporate headquarters. And we’re always poised

to meet your next location requirement.

Collectively, our portfolio, our financial strength and

our commitment to customer service assure that our

customers find the right place for their businesses

to call “home.”

THE MERRITT PROPERTIES PORTFOLIO INCLUDES THE FOLLOWING:

• Class A Office (Downtown and Suburban)

• Single-Story Office

• Flex Warehouse

• Industrial Warehouse

• Manufacturing Facilities

• Distribution Centers

• Mixed-Use Developments

• Retail Centers

Building fromTHE OWNER’S PERSPECTIVE

With a project portfolio of 16 million

square feet, Merritt is one of the most

seasoned construction services and

redevelopment companies in the

region. Moreover, we bring an “owner’s

perspective” to all that we do. As a

result, the quality and longevity of our

work in this area is unparalleled.

“ We gave Merritt an opportunity to deliver a first-class

project on a short schedule and that is what was

delivered. In short, Merritt delivers what they promise.”

– TED D’ANNAEXECUTIVE VICE PRESIDENT, MARS SUPER MARKETS, INC.

MERRITT CONSTRUCTION SERVICESINCLUDE THE FOLLOWING:

• Site Development

• New Construction

• Redevelopment

• Design-Build

• Interiors

As a division of Merritt Properties, Merritt Construction

Services is the arm of the company through which

we have built our extensive portfolio. Additionally,

our capabilities extend to design-build and third-

party construction.

Since our founding in 1967, Merritt has worked with

customers ranging from the American National Red

Cross to the U.S. Army Corps of Engineers to CareFirst

of Maryland. From contemporary office buildings to

institutional facilities, our highly skilled construction

team has completed a comprehensive roster of

customized projects, including corporate campuses,

LEED-certified green buildings, schools, manufacturing

facilities and retail centers.

Whether serving as developer, general contractor or

design-builder, Merritt Construction Services offers

full-service construction capabilities through all phases

of development, from feasibility to commissioning.

Our goal is not to look at your project as a one-time

engagement for our services. Rather, we are

committed to meeting your objectives so that we

become your “go-to” resource for your construction

needs now and in the future. And, regardless of our

role, we take on the responsibility of translating your

ideas into a project that balances budget and timing

with functionality and corporate vision.

With Merritt Construction Services, it’s about more

than what we do. It’s also about how we do it. We

treat our customers with honesty and integrity, while

constantly staying focused on results, value and

efficiency. It’s “Customer First.” And that’s our

bottom line.

410 298 2600 | www.MerrittProperties.com

KEY PERSONNEL

Steve Shaw, Leasing Steve has played a key role in Merritt’s entrance into the

Northern Virginia market since joining the company in 1989. Under his guidance,

a new office was established in Loudoun County, Virginia to develop and serve

our customers in the Ashbrook, Loudoun Tech Center, Beaumeade and University

Center developments. Steve also co-manages leasing, retention and new

development activities in the Baltimore region of Merritt’s portfolio. With over

21 years in the industry, he is a member of the National Association of Industrial

and Office Properties (NAIOP) and chairs the National Forum for Mixed Use Development. He is also on

the Board of Trustees at The Boy’s Latin School of Maryland. A graduate of the University of Delaware,

Steve has completed several Harvard executive education courses including their Advanced Management

Development program.

Michael Larkin, Director - Virginia Office Michael is the head of Merritt’s

Loudoun office, contributing more than 30 years of construction and development

experience to the Virginia Team, where he is focused on land development,

construction, and operations. After 15 years of service at Merritt’s Baltimore

headquarters, Michael relocated to Northern Virginia in 1999 to establish the

Loudoun office, which currently serves over 70 Merritt customers. Michael

demonstrates his dedication to the industry outside of the office with his

involvement in various organizations including the Associated Builders and Contractors, NAIOP, Loudoun

County Chamber of Commerce, and The Builders Foundation where he currently serves as Chairman.

Michael also serves as a member of the Loudoun County Fiscal Impact Committee and the Loudoun County

Building and Development Advisory Group. He is actively involved in numerous committees established

by Loudoun County to improve development processes, one of which recently implemented the county’s

“Fast-Track” development process. In addition, Michael is a member of the Board of Directors at the Good

Shepard Alliance, a non-profit organization that provides help and hope for the homeless and those in need

through transitional and emergency housing and outreach services.

Project Experience

Redskins Park Addition to indoor training facility for hydro-therapy & expanded 14,000 SF weight room, new commercial kitchen & dining area DBT - Data Holdings, LLC New 2-story concrete tilt-up building for future data center 123,200 SF Redskins Park Indoor training facility 108,000 SF

410 298 2600 | www.MerrittProperties.com

Airborne Technologies Office, secure conference & specialized warehouse 21,000 SFChenega Class A office 17,000 SFBest Buy Regional headquarters office 8,000 SFEurotherm Office/warehouse 21,000 SFGlasstech Office/warehouse 20,000 SFNeustar, Inc. Office/data center/network operations center (NOC) 100,618 SFAmerican National Red Cross Class A office and call center 60,000 SFCACI, Inc. Office/training center/conditioned warehouse/distribution center 148,250 SFMVM, Inc/Silver Eagle Group Tactical gun range & firearms training facility, members club 82,000 SF Toll Brothers Office 20,000 SFIndependent Project Analysis Office w/tennis & basketball courts 55,000 SFCostco Wholesale Office, conference areas, test kitchen 30,000 SF AeroAstro Hi-tech office with multiple labs 24,400 SF Sevenspace Office with computer lab/network operations center (NOC) 20,000 SF

Ken Jonmaire, LEED-AP, Project Manager Ken joined Merritt’s Virginia

office in 2007 and, as project manager, he is responsible for acquisitions,

entitlements and design, project management for new construction and third-

party development services. Ken has nine years of extensive experience in the

development and construction industry. He also holds a Masters degree in Real

Estate Development from George Mason University and a Bachelor of Arts degree

in Civil Engineering from Virginia Tech. Ken is an active member of the Urban Land

Institute (ULI) as a Young Leader, a Developing Leader in the National Association of Office and Industrial

Properties (NAIOP) and a member of the US Green Building Council (USGBC).

Project Experience

• Entitlement, design, and construction of a 123,200 SF powered shell for data center use. • Entitlement, design , and construction of an 58,000 SF indoor gun range & training facility • Land Acquisition, Design, & Entitlement for a spec Flex-Industrial development• Management & new construction for a two-lane VDOT Road • Management & new construction for a reclaimed water main • Design and implementation of energy saving retrofits to existing buildings

Project List

Loudoun Parkway 1 72,900 SF tilt-up spec development N/ASmith Switch Road Construction N/A Merritt Beaumeade Reclaimed Water Line 2,780 linear foot reclaimed water line main construction N/A DBT - Data Holdings, LLC New 2-story concrete tilt-up building for future data center 123,200 SF MVM, Inc/Silver Eagle Group Tactical gun range & firearms training facility, members club 82,000 SF

Neustar, Inc. Network operations center (NOC) renovation 5,000 SF

“For more than a decade, Merritt

Properties has been a partner in our

progress, accommodating our growth

and creating a showroom that we are

proud to call home.”

– ALEXANDER WONGOWNER, DIRECTBUY CLUB OF COLUMBIA, MARYLAND

CORPORATE OFFICE 2066 Lord Baltimore Drive

Baltimore, MD 21244 410 298 2600 phone

410 298 9644 fax

VIRGINIA OFFICE 20098 Ashbrook Place, Suite 160

Ashburn, VA 20147 703 858 2725 phone

703 858 7239 fax

www.MerrittProperties.com