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Proposal to Provide Brokerage Services 12.85 Acre Sycamore Crossing Site Hercules, CA April 8, 2016

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Proposal to Provide Brokerage Services12.85 Acre Sycamore Crossing Site

Hercules, CA

April 8, 2016

VACAVILLE GATEWAY

35-Acres

COTATI COMMONS

11-Acres

EAST WASHINGTON

PLACE34-Acres

Petaluma, CA

FORMER WALMART

SITE 17-Acres

Hercules, CA

JONES RANCH

26-AcresConcord, CA

THE CORNERS

1.5-Acres

Walnut Creek, CA

PLAZA DE SAN JOSE

19-Acres

Comparable Shopping Center land sales completed by John Cumbelich & Associates

2

1330 N BROADWAY, SUITE 200A WALNUT CREEK, CA 94596 (925)935-5400 (925)940-9583 FAX WWW.CUMBELICH.COM

Mr. David Biggs City Manager Ms. Holly Smyth Director of Planning

RE: Proposal to Provide Brokerage Services Sycamore Crossing, Hercules, CA

Dear Mr. Biggs and Ms. Smyth,

Our firm is pleased to provide the following proposal in response to the City of Hercules’ desire to partner with a brokerage firm to assist in the disposition of the Sycamore Crossing site.

Through partnerships with the owners of retail development sites and several of the most capable buyer/developers, we have successfully consummated more sales of shopping center development sites in the Bay Area than any other firm. The majority of the properties we have sold are freeway proximate sites that range from ten to twenty acres – highly comparable to the subject property. Examples of several of these transactions are detailed on the following pages.

Notably, several of transactions we have completed involved sellers that were local Bay Area municipalities, Redevelopment Agencies or similar institutions. We have maintained close relationships with these organizations and multiple references are provided.

More than simply consummating sales that achieved top dollar, we have consistently been able to identify buyers and complete transactions with developers who transformed their communities for the better. Evidence of this can be found at Plaza de San Jose, The Corners in Walnut Creek and East Washington Place in Petaluma, to name a few. We hope to be able to share some of these details in person.

While we enjoy the strength of 35-partner offices throughout North America, our team is locally based here in the East Bay and our expertise in this market is unsurpassed.

Thank you for your consideration.

SINCERELY,

JOHN CUMBELICH & ASSOCIATES, INC. John L. Cumbelich Chief Executive Officer [email protected] CA BRE #01006249

3

TABLE OF CONTENTS

BROKER’S QUALIFICATIONS

SUBMISSION REQUIREMENTS

ATTACHMENTS RESUME - JOHN CUMBELICH RESUME - TIM SEILER

4

BROKER’S QUALIFICATIONS1. MUST BE LICENSED AND IN GOOD STANDING

WITH THE CALIFORNIA BUREAU OF REAL ESTATE.

Confirmed

2. HAVE A MINIMUM OF FIVE (5) YEARS OF

EXPERIENCE WORKING IN THE SALE OF REAL

PROPERTY.

Our team members each bring approximately 30

years of experience to this opportunity.

3. MUST HAVE AN EXCELLENT REPUTATION IN THE

REAL ESTATE COMMUNITY.

John Cumbelich has served as Chairman of the

International Council of Shopping Centers (ICSC)

Northern California conference on three occasions.

Tim Seiler is the recent past State Director for ICSC.

4. MUST BE KNOWLEDGEABLE IN PUBLIC REAL

ESTATE TRANSACTIONS.

John Cumbelich & Associates represented the City of

Walnut Creek on both the successful disposition of a

core land site in the downtown retail district, as well as

on multiple leasing assignments. The firm successfully

consummated a Home Depot sale on excess City of

Concord property. The firm also consummated the

19-acre sale of a shopping center site for the San Jose

Redevelopment Agency.

5. HAVE AN ACTIVE CERTIFICATE/LICENSE TO DO

BUSINESS IN THE CITY OF HERCULES OR OBTAIN

A CERTIFICATE/LICENSE AS A CONDITION OF THE

LISTING AGREEMENT.

Pending

6. DEMONSTRATE EXPERIENCE MARKETING

COMMERCIAL AND MIXED-USE PROPERTIES FOR

THEIR HIGHEST AND BEST USE.

The firm’s principals both have approximately 30

years of experience in sourcing buyers and tenants for

several of the Bay Area’s highest profile commercial

and mixed-use properties. A partial list includes

Downtown Pleasant Hill - 350,000 SF

Century Plaza, Pittsburg, CA - 500,000 SF

The Village, Walnut Creek, CA - 40,000 SF

Broadway Pointe, Walnut Creek, CA - 90,000 SF

Cochrane Commons, Morgan Hill, CA - 250,000 SF

Lafayette Mercantile, Lafayette, CA - 30,000 SF

7. HAVE OR OBTAIN ANY AND ALL NECESSARY

INSURANCE, INCLUDING LIABILITY INSURANCE

Confirmed

8. FAMILIARITY WITH CREATIVE RETAIL CONCEPTS

IS PREFERRED.

In addition to an extensive resume in the sourcing,

development, leasing and sale of suburban shopping

centers, the firm has successfully represented Lifestyle

projects (e.g. Lafayette Mercantile, La Fiesta Square),

Premium Retail projects (e.g. The Corners, Walnut

Creek – Tiffany & Co., Apple), Mixed Use projects (e.g.

The Village, Walnut Creek – California Pizza Kitchen, TD

Ameritrade, Kona Grill).

9. KNOWLEDGE OF REDEVELOPMENT DISSOLUTION

PROCESS IS PREFERRED BUT NOT REQUIRED.

As stated above, the firm has successfully completed

land sale transactions with redevelopment agencies in

multiple Bay Area municipalities.

5

The firm is the unrivaled leader in the sale of shopping center sites in the San Francisco Bay Area.

SUBMISSION REQUIREMENTS

1. LIST OF YEARS IN BUSINESS AND PREVIOUS NAMES OF THE FIRM, IF ANY.

29 years in business. No previous names of the firm.

2. DESCRIPTION OF YOUR FIRM, INCLUDING SIZE OF FIRM, LOCATION, LEAD BROKER TO BE ASSIGNED TO

PERFORM THE PROPOSED SERVICES, INCLUDING A BRIEF RESUME.

John Cumbelich & Associates is a Walnut Creek based firm that specializes exclusively in retail-commercial real estate brokerage in Northern California. The firm is not a general commercial brokerage firm with office and industrial brokers, etc – we specialize exclusively in the retail shopping center space, where we have become recognized experts. The firm has consummated several of the highest profile retail real estate transactions in Northern California over the past 15 years.

The firm was established in 2000 by John Cumbelich, who at that time was the #1 ranked retail broker in Northern California for CBRE. Today, our boutique brokerage firm is one of the leading retail brokerage firms in the west and has five retail-only brokers supported by a Creative Director who handles all marketing materials, mapping, brochures and website media, and an Operations Director.

John Cumbelich & Associates is a member of X Team International, a partnership of 35 retail-only brokerage firms throughout the US and Canada. Mr. Cumbelich is a founder of X Team International (www.xteam.net) and the firm is the exclusive Northern California partner.

We propose a team comprised of Mr. Cumbelich as lead broker, Mr. Tim Seiler as associate broker and Ms. Liz Baker who would prepare all marketing and media for the assignment. (See resumes in Attachments)

6

SUBMISSION REQUIREMENTS3. DESCRIPTION OF EXPERIENCE (MINIMUM

FIVE YEARS OF PREVIOUS EXPERIENCE WITH

PROVEN EFFECTIVENESS) THAT YOUR FIRM OR

ORGANIZATION HAS IN PERTINENT REAL ESTATE

TRANSACTIONS.

The firm has an unmatched record of sourcing buyers

for shopping center development sites in the Bay Area

that are comparable to the subject property.

A PARTIAL LIST OF SUCCESSFULLY CONSUMMATED

SALES INCLUDE:

• The sale of the 26-acre Jones Ranch site in

Concord, CA (Lowe’s Home Improvement)

• The sale of the 11-acre Cotati Commons site in

Cotati, CA (Proposed Safeway)

• The sale of the 34-acre East Washington Place

site in Petaluma, CA (Target, Sprouts)

• The sale of the 19-acre Plaza de San Jose site in

San Jose, CA (Target, Walgreens, Smart & Final)

• The sale of 1.5-acre site of The Corners in

Walnut Creek, CA (Tiffany & Co., Apple)

• The sale of the 17-acre former WalMart site in

Hercules, CA for Lewis Retail Centers

• The sale of the 35-acre Vacaville Gateway site in

Vacaville, CA (In Escrow)

A DETAILED DESCRIPTION OF EACH PROJECT

FOLLOWS.

The firm has successfully represented municipalities, universities and private owners on the disposition of retail land sites throughout the Bay Area.

7

Sale of the 28-Acre Jones Ranch Site Concord, CA(Lowe’s Home Improvement)

The firm was engaged by Winton Jones Development, a legacy owner of a prominent 28-acre site in Concord, that wished to

take advantage of market conditions and consummate a lease or sale of its under-utilized freeway visible commercial property.

The firm secured the interest of Lowe’s Home Improvement Warehouse and WalMart, signing long term leases with both. When

WalMart encountered entitlement issues, the firm was able to revise the transaction into a sale of the entire development site

to Lowe’s. The transaction totaled $26,498,000.

Reference: Erica Starky, Co-Owner, Winton Jones Development

SUBMISSION REQUIREMENTS

8

Sale of the 11-Acre Cotati Commons Site, Cotati, CA(Proposed Safeway)

When Terramar Centers dropped the purchase of this entitled freeway fronting development site, the firm immediately sourced

a buyer, Zylstra Commercial. The buyer performed on a purchase of the property within 60 days of consummating the Purchase

and Sale Agreement. The transaction totaled $4,700,000.

Reference: David Zylstra, President, Zylstra Commercial

SUBMISSION REQUIREMENTS

Cotati

Rohnert Park

Santa Rosa

SITE

37,500 ADT22,000 ADTGravenstein Hwy

Helman Ln

Redw

ood Rd

Alder A

ve

(102,000 ADT)

(90,000 ADT)

9

M1S9 S10

M2

M3

M4

M5S11

28 ' A I S L E

2 4 ' A I S L E

2 8 'A I S L E

2 4 'A I S L E

28

'A

IS

LE

K E N I L W O R T H D R I V E

EA

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WA

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E X I S T I N G F A I R G R O U N D S

( E ) O F F - R A M P

TOLINDBERG

LANE

(E) PEDESTRIANO V E R P A S S

SITE AREA I+/- 33.7 AC

S3

S2/O2

G.C.G.C.

M6S1/O1

S4

A1STOCK

S6 S7

S5S8

28

40

581

S

T

421

62

SCOMP.

SCOMP.

S

COMP.

S

SCOMP.

S

S

COMP.

P A R K I N GP A R K I N G

DR

IV

E

P A R K I N G

JO

HN

190

190

20K

8.3K 8.7K

12K

8K

130.8K

15K5K 5K

24K

20K

20K

18.3K

10.8K

42K

8.3K 9K

6.7K6K

/ ACCESS

POOL BLDG.(E)

TO REMAIN(E) SKATEPARK

(E) POOL

BLDG.POOL

(E) (E) POOL

NEW PARKING

( NOT A PART )

EXISTING

ELLIS STREET

COMMERCIAL

SS

S

S

S

S

COMP.

(N) PYLONSIGN

(N) PYLONSIGN

(N) MONUMENTSIGNS(N) MONUMENT

SIGNS

(N) MONUMENTSIGN

(N) MONUMENTSIGN

(N) POND

(N) MONUMENTSIGN

E X I S T I N GB U S F A C I L I T Y

( NOT A PART )

SO

N

COMP.

T

T

E X I S T I N GP O O L

F A C I L I T Y

(N) MONUMENTSIGNS

Eas

tW

ash

ingt

onP

lace

PE

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LIF

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WA

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HIG

HW

AY

101

DATE: DECEMBER 14, 2007REVISED:

CONCEPTUALSITE PLAN

SCALE: 1" = 100'-0"

0' 100' 200' 400'

NOTE: ALL STANDARD PARKING SPACES MEASURE 9'X19'INCLUDING 2' OVERHANG, WITH TYPICAL 25' WIDE AISLEIN FRONT OF BLDG. A1 ONLY AND 24' WIDE AISLE OTHERWISE.PARKING PROVIDED INCLUDES 20% COMPACT SPACESMEASURING 8'X16'.

SUBMISSION REQUIREMENTS

Sale of the 34-Acre East Washington Place Site, Petaluma, CA(Target, Sprouts)

The firm represented Regency Centers in the acquisition of a 34-acre former Petaluma School District site that had been ear-

marked for development by the City of Petaluma. The transaction totaled $21,500,000. Regency is a publicly traded REIT that

expressed a desire to secure Bay Area freeway development opportunities, and asked for the firm’s assistance in sourcing op-

portunities. The firm identified the subject freeway visible development site, negotiated the sale terms with both the School

District and City Manager, and secured the interest of Target and other key anchor tenants, in order to complete the sale.

Reference: Tom Engberg, former VP of Development, Regency Centers

10

SUBMISSION REQUIREMENTS

Sale of the 19-Acre Plaza de San Jose Site, San Jose, CA(Target, Walgreens, Smart & Final)

The subject site was a former abandoned shopping center owned by the City of San Jose Redevelopment Agency. Our firm

identified the site as a retail development opportunity and engaged with the Agency about a sale. The firm then identified

a highly qualified, well financed and reputable development firm, and represented them in submitting a RFP response. The

buyer , Blake Hunt Ventures, secured the approval of the RDA, consummated the sale and developed a Target and Walgreens

anchored center. The land sale transaction totaled $12,414,600.

Reference: Brad Blake, former CEO, Blake Hunt Ventures

11

SUBMISSION REQUIREMENTS

Sale of the 1.5-Acre Site of The Corners, Walnut Creek, CA(Tiffany & Co., Apple Store)

The Corners is one of the premier retail projects in Northern California. John Cumbelich & Associates represented the seller

in the disposition of the prior undeveloped site, and conducted a marketing campaign that secured multiple offers for this

iconic site. The firm delivered a highly qualified developer/buyer, who, with the firm’s assistance proceeded to design and

develop one of Northern California’s landmark retail developments, called The Corners. The project was 100% pre-leased by

the firm to anchor tenants Tiffany & Co., Apple, Tommy Bahama, Pottery Barn Kids and Va Da Vi and has become a tremendous

asset to the community. The land sale transaction totaled $4,850,000.

Reference: Brian Hirahara, President, BH Development

12

SUBMISSION REQUIREMENTS

Sale of the 17-Acre Former WalMart Site, Hercules, CA(for Lewis Retail Centers)

The firm was engaged by Lewis Retail Centers, former owners of the 17-acre site that was later acquired by the City of

Hercules. Our firm marketed the site for lease or sale, and WalMart made an aggressive offer to take on the entitlement risk

via a land purchase. The firm consummated the sale for Lewis Retail Centers.

Reference: Gary Bauer, Vice President, Lewis Retail Centers

SITE

80

13

Vaca Valley Pkwy

Nut

Tre

e Rd

Alli

son

Dr

Sharpe RdOrange Dr

Lincoln Hwy

E Monte Vista Ave

Brow

ns V

alle

y Pk

wy

Grassland Dr

Horsecreek Dr

E Akerly Dr

Leisure

Town Rd

Orange Dr

149,000 ADT

35,000 ADT

SITE

Power Plaza

Nut Tree Plaza

Vacaville Premium Outlets

Vacaville Commons Shopping Center

SUPERCENTER

Vacaville Auto Center

SUBMISSION REQUIREMENTS

Sale of the 35-Acre Vacaville Gateway Site, Vacaville, CA(In Escrow)

In the post-recession recovery, our firm has been pro-active in seeking out development opportunities for our clientele of

shopping center development firms. In the past 12 months, the firm consummated a purchase agreement between the

owner of the subject site, and Browman Development Company, a Walnut Creek based firm that has successfully developed

over fifty shopping centers throughout the west with anchor tenants such as Safeway, Home Depot, Regal Cinema, Target and

Kohl’s. Phase 1 of the proposed 35-acre shopping center is presently going through an entitlement process with a likely close

of escrow in 6-12 months.

Reference: Daryl Browman, President, Browman Development Company

14

SUBMISSION REQUIREMENTS

4. DESCRIPTION OF EXPERIENCE IN ASSISTING SIMILAR SIZE ENTITIES, INCLUDING ANY AND ALL SERVICES FOR

GOVERNMENT AGENCIES.

The firm was engaged by the City of Walnut Creek to represent them on the disposition of excess land in its

downtown core (brochure above). We performed an intensive nationwide marketing campaign, leveraging our

35-partner offices in the US and Canada and secured

several offers. The firm then represented the City

of Walnut Creek in an RFP process and the eventual

selection of a buyer who performed on the purchase.

The firm was also engaged by Mills College of

California to represent them in securing a proven,

institutional real estate developer for excess property

on its’ Oakland campus. The firm attracted offers

from institutions across the nation, helped to identify

a developer, and consummated a long term ground

lease at terms very favorable to the college, achieving

their goal for a long term stream of income. The new

development will include a grocery store, pharmacy,

shops and approximately 200 residential units.

SITE

Si te Locat ion Aer ia l

& AssociatesJohn Cumbelich

REQUEST FOR QUALIF ICATIONS

Page 13

OAKLAND,CA

580

MacArthur Blvd

High St

Foothill Blvd

Bancroft Ave

35th Ave

Seminary Rd

Seminary Ave

MacArthur Blvd

MILLSMONT

MAXWELLPARK

FRUITVALE

REDWOODHEIGHTS

LEONAHEIGHTS

BANCROFT BUSINESS

13

Grocery/Drug+Urban Housing Development Opportunity3.5 Acre, I-580 Fronting Site, Oakland CAsite location/access aerial

6,265 SF parcel located on the hard corner of North Main Street and Mt Diablo Boulevard,

Walnut Creek’s most visible retail corner.

Corner ofN Main St &

Mt Diablo Blvd

RESTORATION

HARDWARE

(Under Construction)

N M

AIN

STREET

MT DIABLO BLVD

S M

AIN

ST

RE

ET

SITE

Conceptual elevation from Specific Plan

Northern California´s Best Retail CornerFor Sale in Downtown Walnut Creek

1500 WALNUT CREEK, WALNUT CREEK, CA

MILLS COLLEGE, OAKLAND, CA

15

SUBMISSION REQUIREMENTS5. DESCRIPTION OF THE PLANNED METHODS OF IDENTIFYING TARGET USER GROUPS AND A DESCRIPTION OF

THE MARKETING MATERIALS AND STRATEGY FOR PRESENTING THE SITE TO THE MARKETPLACE.

Our protocol in marketing for-sale development sites seeks to maximize the exposure of the asset via multiple channels

of distribution. We would promote the offering through:

a. Submitting the Offering Memorandum directly to the targeted buyers (public and private REITs, local and west-

coast regional real estate development firms, major retailers that self-develop, family offices, every owner of

existing Bay Area regional retail centers, other individual owners).

b. Marketing the property throughout the Northern California commercial real estate brokerage community. Our

firm maintains a constantly updated list of over 650 active commercial real estate agents active in retail real estate.

c. Posting the property on Loop Net, the multiple listing service for the commercial real estate industry.

d. Posting the Offering Memorandum on our firm’s web site.

e. Distributing the property nationally via our North American network of 35-partner offices.

f. Promote the opportunity at local, regional and national ICSC shopping center conferences.

In promoting the site, we would emphasize the subject

property’s numerous attributes, not the least of which is the

dearth of mid to large sized retail development sites in core

Bay Area markets. This feature alone will generate significant

interest from users and developers of all product types,

particularly in the retail and mixed-use arena. Additionally,

freeway visibility and convenient freeway access both benefit

the site, as well as the location occupying a strategic void

for numerous retail anchor tenants, including Safeway, CVS

Pharmacy, New Seasons Market, 365 (a moderately-priced

division of Whole Foods Markets) and others.

Targeted buyers would include: Institutional real estate investors/

developers (e.g. Donahue Schriber, Weingarten Realty, DDR); Bay Area and west-coast regional development firms

(e.g. Browman Development, Sand Hill Development, Dollinger Properties); and strong local firms that focus in the

region (e.g. Seeno, BHV CenterStreet) and all other significant owners of high quality real estate assets in the area.

16

YOUR TEAM

LEAD BROKER

John Cumbelich

President & Chief Executive

John will guide the marketing efforts of the team, assist with

the development of the disposition strategy with the client

and be available for negotiations with prospective buyers.

ASSOCIATE BROKER

Tim Seiler

Associate Broker

Tim will participate in all phases of the strategy, marketing,

prospecting, property tours, and negotiations.

We look forward to the opportunity to partner with the City of Hercules and share our team’s decades of experience in the marketing and sale of shopping center sites in the Bay Area.

US & INTERNATIONAL PARTNERS

John Cumbelich & Associates is a founding partner of

X Team International, an alliance of retail real estate special-

ists with 35 North American offices located in major cities

throughout the U.S. and Canada, in addition to internation-

al offices in Europe and Asia. X Team partners offer exten-

sive expertise in major markets worldwide, specializing in

retailer, property and developer representation, portfolio

dispositions and retail investments.

SUBMISSION REQUIREMENTS

17

SUBMISSION REQUIREMENTS

ERICA JONES STARKEY

Co-Owner

Winton Jones Development Co.

tel: 925-989-1613

[email protected]

Project: Seller of the Jones Ranch project, Concord, CA

Services Time Period: 2006 - 2008

KEN NORDHOFF

City Manager

City of Walnut Creek

tel: 925-943-5812

[email protected]

Project: City official for the sale of the site of the 1500 Walnut Creek development

Services Time Period: 2011 - 2013

RENEE JADUSHLEVER

Chief of StaffVice President for Communications and External Relations

Mills College of California

tel: 510-430-2033

[email protected]

Project: Client/owner for the development of excess land on Mills College campus

Services Time Period: 2015 - Present

BRAD BLAKE

Managing Partner

BVH CenterStreet Properties, LLC

tel: 925-575-8737

[email protected]

Project: Developer of Plaza de San Jose, San Jose, CA

Services Time Period: 2002 - 2006

7. LIST OF CURRENT LITIGATION, OUTSTANDING JUDGMENTS, AND LIENS, IF ANY.

None. Nor have we ever been involved in a lawsuit.

6. LIST OF AT LEASE THREE REFERENCES FOR WHOM YOUR FIRM PROVIDED SIMILAR SERVICES.

18

SUBMISSION REQUIREMENTS8. FEE SCHEDULE

a. Provide a proposed commission rate:

PROPOSED FEE STRUCTURE:

For transactions with no cooperating broker: 5% of the sales price.

For transactions with a cooperating broker: 6% of the sales price.

b. State any other costs the City may anticipate relating to the real estate services to be provided.

None

9. CONFLICT OF INTEREST STATEMENT & SUPPORTING DOCUMENTATION – PROPOSALS SHALL DISCLOSE ANY

PROFESSIONAL OR PERSONAL FINANCIAL INTERESTS, WHICH COULD BE A POSSIBLE OR PERCEIVED

CONFLICT OF INTEREST IN REPRESENTING THE CITY.

None.

19

RESUME: JOHN CUMBELICH

RESUME: TIM SEILER

ATTACHMENTS

20

John Cumbelich, Chief Executive OfficerJOHN CUMBELICH & ASSOCIATES

Over a distinguished 28+ year career, John Cumbelich has built one of the west’s most respected retail brokerage companies, and the leading independent retail brokerage company in Northern California. Perhaps best known for his role in creating several of the landmark retail developments of the past generation, Mr. Cumbelich sourced The Corners in Walnut Creek (Tiffany, Apple, GAP), East Washington Place in Petaluma (34 acres, Target), Plaza San Jose (19 acres, Target), Jones Ranch in Concord (26 acres, Lowe’s) and several other high profile projects. He has personal responsibility for several of the firm’s key user and owner relationships, including Kroger Corp., Sport Chalet, BlackRock, Essex Property Trust and DDR. Mr. Cumbelich has an extensive resume both in the acquisi-tion, leasing and sale of suburban shopping centers, and High Street leasing in the region’s premier lifestyle markets. In addition to leading the firm, Mr. Cumbelich has chaired the ICSC Northern California conference on multiple occasions.

MAJOR PROJECTSMercer Walnut Creek (The Counter, Starbucks, Mike’s Bikes) – sold 2016 1500 Walnut Creek (Vineyard Vines, Teleferic) – leased 20151280 Willow Pass (Hobby Lobby) – sold 2014The Village (TD Ameritrade, Kona Grill) – leased 2013WalMart (San Ramon), Kroger (Oakland) – leased & sold 2012Broadway Pointe (Pottery Barn, Williams Sonoma) – leased 2011Downtown Pleasant Hill – sold 2010DDR Mervyn’s Portfolio – leased 2009Jones Ranch (Lowe’s) – sold 20081556 Mt. Diablo Blvd (Vornado) – sold 2007Kroger Portfolio – sold & leased 2005/2006East Washington Place – sold 2004Plaza San Jose – sold & leased 2004The Corners (Tiffany & Co.) – leased 2003Delta Gateway (In-N-Out Burger, 7-11, Krispy Kreme) – sold 2002

SELECT CLIENTELE

RetailerThe Kroger Co.Sport ChaletDunkin’ DonutsFremont BankLifeway StoresSkipolini’s Pizza

Owner BlackRockBrowman Development CompanyDDREssex Property TrustUBS Realty Advisors

EXPERIENCE2000-Current

Chief Executive Officer, John Cumbelich & Associates

Mr. Cumbelich established the firm in 2000, and has overseen the growth of its personnel, profitability and clientele over the en-suing years. In addition to building the firm, Mr. Cumbelich is a founder of X Team International, a network of retail-only broker-age firms with partner offices throughout North America. His day to day involvement in the activities of all of the firm’s clientele and the firm’s extensive network of partner offices gives him daily contact with the trends and economic metrics that drive the na-tional, regional and local marketplace.

1988-2000

Vice President, CB Richard Ellis

Between 1988 and 2000 Mr. Cumbelich was employed by the world’s largest real estate services firm where he rose to the office of Vice President and was recognized as a top producer.

PROFESSIONAL AFFILIATIONS

Mr. Cumbelich is a member of the International Council of Shop-ping Centers and has been Chairman of the Northern California Idea Exchange on three occasions. He is also a board member of X Team International.

EDUCATION

Mr. Cumbelich holds a Bachelor of Arts degree from the Univer-

sity of California at Berkeley.

1330 N Broadway, Suite 200A

Walnut Creek, CA 94596

T 925.935.5400 x101

F 925.940.9583

[email protected]

www.cumbelich.com

CA BRE LIC #01006249

21

Tim Seiler, BrokerJOHN CUMBELICH & ASSOCIATES

Mr. Seiler joined the firm in 2009. His primary retailer clients include Smart & Final Extra, El Pollo Loco, Dunkin’ Donuts and Sleep Train. Additionally, Mr. Seiler represents UBS on leasing for Downtown Pleasant Hill (350,000 SF), and Sierra Pacific Properties on leasing for Century Plaza (500,00 SF).

Over the course of his career, Mr. Seiler has been directly involved in more than $650 million in investment and development projects and has negotiated hundreds of commercial leases between property owners and retailers.

MAJOR PROJECTSDowntown Pleasant Hill, Pleasant Hill, CACochrane Commons, Morgan Hill, CA

SELECT CLIENTELE

Retailer

Dunkin’ DonutsEl Pollo LocoSan Francisco Giants Dugout StoresSleep TrainSmart & Final Extra

Owner

Browman Development CompanyDeerfield RealtyFoothill PartnersKrogerSierra Pacific PropertiesUBS Realty Advisors

EXPERIENCE1986-2009

Prior to joining the firm, Mr. Seiler had a 20+ year career in the shopping center in-

dustry, including 10 years as a corporate Real Estate Director specializing in new

store development for leading retailers including Kroger and Blockbuster. He also

has extensive experience with both public and private shopping center investors

and developers in the fields of development, leasing, acquisition and due diligence.

PROFESSIONAL AFFILIATIONS

Mr. Seiler has been an active volunteer on the International Council of Shopping

Centers Northern California Program Committee since 2000, chaired the Commit-

tee from 2008-2011, and served as the Northern California State Director from 2011-

2014.

EDUCATION

Mr. Seiler holds a Bachelor of Arts degree from the University of California, Irvine, a

Master of Business Administration degree from the University of Southern California,

and accreditation from the US Green Building Council as a LEED Accredited Profes-

sional (LEED AP™).

1330 N Broadway, Suite 200A

Walnut Creek, CA 94596

T 925.935.5400 x106

F 925.940.9583

[email protected]

www.cumbelich.com

CA BRE LIC #01076263

SUBMITTED BY JOHN CUMBELICH & ASSOCIATES

1330 N. Broadway, Suite 200AWalnut Creek, CA 94596

925.935.5400925.940.9583 (fax)

www.Cumbelich.com

John Cumbelich925.935.5400 ext. 101 [email protected]

CA-BRE Lic #01006249

Tim Seiler925.935.5400 ext. 106

[email protected] BRE Lic #01076263

Proposal to Provide Brokerage Services12.85 Acre Sycamore Crossing Site

Hercules, CA