No rt h Caro l i n a Research Campus , Kann apo l i s , NC

CORE LABORATORY BUILDINGDHMRI CONDOMINIUM

Dale Earnhardt Blvd

Loop Road N.

Chestnut A

venue

Nutrition Research Bldg

UNC Chapel Hill * NC A&T UNC Greensboro * NC Central

Municipal Center

Kannapolis City Hall / Police Station

Cabarrus Health Alliance

NCRC Medical Plaza

Duke University / Atrium

13,000 VPD

Rowan-Cabarrus Community College Biotechnology Building

Oak Avenue Shopping Center Vance Avenue2

N. M

ain Street

Sports & Entertainment Venue

* 4,930 seat stadium

* Cannon Ballers home field

* Multi-purpose facility

* Opening in 2020

S. Main Street

Oak Avenue

Rail Line

Vance Avenue

Northstate

Data Center

Plants for Human Health Bldg

NC State / Appalachian State

UNC Charlotte

Amtrack Station

Dale Earnhardt Plaza

Core Lab

DHMRI Core Laboratory Building

Standard Process Institute

UNC Charlotte / NC A&T

VIDA

* 286 Apartments

* 400 Space Garage

3

Located at the heart of the North Carolina Research Campus (NCRC) and within the Kannapolis downtown revitalization area

E X E C U T I V E S U M M A R Y

Integrated in the North Carolina Research Campus, a growing $600

million life sciences campus with 1,000 + employees and notable

tenants including UNC Chapel Hill, NC State, Duke University,

Appalachian State, Atrium Health.

New $52 million, 4,930 seat Kannapolis Sports Entertainment

Venue is under construction behind Oak Avenue scheduled to

open for the 2020 season.

Downtown Kannapolis revitalization projects include major

infrastructure and streetscape improvements and VIDA - a new

mixed-use property including 286 multifamily units and 400 space

parking deck.

K E Y H I G H L I G H T S

4

1,680 SF2,533 SF4,439 SF

Third Floor AVAILABLE

F L O O R P L A N S

BASEMENT + SUB BASEMENT5,148 SF

ELEV. LOBBY

ELECT TELE

ELEV. LOBBY

TELE ELECT

VEST.

LOADINGAREA

ELEV.MACHINE

MECH

CORRIMAGING

ROOMMECHANICAL

ROOMMECHANICAL

ROOM

FREEZERBANK

2,720 SF

3,040 SF

377 SF

907 SF453 SF

2,750 SF

1,200 SF 856 SF1,150 SF

1,495 SF 230

SF

2,25

0 S

F

672 SF176 SF

CORRIDOR

TELECOMROOM

ELECTRICALROOM

ELECTRICALROOM

STAGING

PARKINGEAST

CORRIDOR

MECHLOBBY

CORR

MECH

1,1750 SF

Basement

8,978 SF

950 SF

252 SF

3,226 SF

1,207 SF

1,156 SF

2,289 SF

1,334 SF

2,376 SF

1,530 SF

192 SF

2,376 SF

2,680 SF

4,185 SF

782 SF

1,419 SF

271 SF

200 SF357 SF

7,395 SF

Fourth Floor AVAILABLE

AVAILABLE

DHMRI Portion of Core Laboratory Building (blue)

5

6

Village Park

Laureate Way

Oak Ave.

Watson Crick Dr. Biotechnology L

n.

.tS t

s1

W

West Ave.Research

Campus Dr.

David H.Murdock Research InstituteCrown BioScienceUNC CharlotteGeneral MillsNC A&TJC MedEvent Room

teert

S ec

naV

Main StreetMain Street

Wes

t C S

t.

NC

SU G

reen

hous

e C

ompl

ex

LabCorpKannapolis

Biorepository

West A St.

Dale Earnhardt Blvd.

Loop Rd.

To I-85

Mooresville Rd.To I-77 & I-85

To I-85Jackson Park Rd.

DUKE UNIVERSITYMURDOCK STUDY

PLANTS FORHUMANHEALTH

BUILDING

NUTRITIONRESEARCHBUILDING

ROWAN-CABARRUSCOMMUNITY COLLEGEBIOTECHNOLOGY BUILDING

MUNICIPALCENTER

DATACHAMBERS

CABARRUSHEALTH

ALLIANCE

NCRC MEDICAL PLAZA

CENTRAL ENERGY PLANTVETERAN’S

PARK

SPECTRUM DISCOVERY

CENTER

UNC Chapel HillNC A&TUNC GreensboroNC Central

Duke UniversityCarolinas HealthCare System

Kanapolis City Hall & Police StationThe Laureate Center

NC StateDoleASUUNC Charlotte

North CarolinaResearch CampusCore LaboratoryBuilding

The Club at

Irish Cree

k

A R E A M A P

7

Atrium of the Core Laboratory Building8

9

Trade Area Demographics

E X E C U T I V E S U M M A R Y

1 - M i l eR a d i u s

3 - M i l eR a d i u s

5 - M i l eR a d i u s

1 0 M i nD r i v e

P O P U L AT I O N

2019 Population 7,786 45,614 74,920 59,579

2024 Population 8,090 47,977 79,176 62,767

2010-2019 Annual Pop Growth Rate 0.66% 1.06% 1.10% 1.03%

2019-2024 Annual Pop Growth Rate 0.77% 1.02% 1.11% 1.05%

H O U S E H O L D I N C O M E

2019 Average Household Income $46,417 $60,292 $66,579 $63,684

2024 Average Household Income $54,748 $71,541 $77,882 $75,238

2019 Median Household Income $33,595 $44,726 $49,886 $46,717

2024 Median Household Income $39,205 $52,696 $56,801 $54,641

H O U S I N G V A L U E

2019 Median Value of Housing Units $107,214 $133,288 $146,161 $139,616

2019 Average Value Housing Units $121,921 $171,258 $201,597 $191,992

1 0

About DHMRI: 

Founded by Dole Foods Chairman and visionary David

H. Murdock, the David H. Murdock Research Institute

(DHMRI) provides scientific expertise and advanced

instrumentation to collaborators focused on transforming

science at the intersection of human health, nutrition

and agriculture. DHMRI provides services to companies,

institutions and researchers throughout the world

and for the North Carolina Research Campus (NCRC),

university, corporate and healthcare partners. DHMRI

operates on the belief that no single science or platform

provides comprehensive analysis to allow confident

decision making. That belief empowers the adoption and

incorporation of an integrated multi-disciplinary, multi-

omic approach that includes genomics, metabolomics

and proteomics, supported by world-leading analytical

sciences and bioinformatics. DHMRI is located on the

North Carolina Research Campus (NCRC) just north of

Charlotte, in Kannapolis, NC.

DHMRI is the preferred provider of advanced research

services and technologies to academic, government and

industry scientists in their pursuit of improved human

health through advancements in nutrition and agriculture.

DHMRI is a non-profit organization, providing support to

the NCRC and the broader University of North Carolina

System. In addition, DHMRI has a contract research

services arm that provides the same high-quality,

cutting-edge genomics and metabolomics to a broad

spectrum of industry customers in the high-growth Agbio,

pharmaceutical, biotech, crop research and nutrition

industries.

About the North Carolina Research Campus: 

The NC Research Campus, located just north of Charlotte

in the city of Kannapolis, is a scientific community that

collaboratively works to empower human health through

nutrition. Eight universities, the David H. Murdock

Research Institute, companies and entrepreneurs focus

research and development on safer, more nutritious crops,

healthier foods and precision nutrition.

Research combines multiple scientific focuses spanning

fruits, vegetables, grains, herbs, bioactive compounds,

food safety, exercise physiology and the influence of

nutrition on risk factors for chronic disease and fetal

development. The NC Research Campus is expanding

to include a Food Processing and Innovation Center

(NC-FIL). Through a statewide partnership, the NC-FIL

opened early 2020 and will provide food companies

a cGMP facility to test and produce new, plant-based

ingredients, products and packaging.

1 1

STANDARD PROCESS INC- (3,324 SF):

(https://www.standardprocess.com/)

CBRE is representing DHMRI in the sale of approx. 44% of the

Core Lab building (~124,000 sq ft mixed office and laboratory

space), located at 150 N Research Campus Dr, Kannapolis, NC

28081, which comes with established tenants, including: DHMRI

who will become a long-term tenant on sale of the building,

leasing ~70,000 sq ft; UNC Charlotte, Standard Process and

UNC Chapel Hill.

T H E O F F E R I N G

1 2

UNC Charlotte’s Bioinformatics Services Division at the NC

Research Campus applies bioinformatics to the discovery,

development and application of novel computational

technologies to help solve important biological problems.

The bioinformatics team is interdisciplinary involving faculty,

research associates, programmers, information technology

specialists, laboratory technicians and administrative support.

Their expertise is expansive ranging from plant pathway

analysis to working with clinical data to the emerging field of

metagenomics, the study of bacteria in the environment.

From their office on the third floor of the David H. Murdock

Core Laboratory building, UNC Charlotte’s team specializes

in providing a academic researchers, healthcare organizations

and biotechnology and pharmaceutical companies, on and

off campus, assistance with specialized computer systems

and software, data management solutions, data analysis and

design and development of new research and technologies.

Along with the NC State Plants for Human Health Institute,

the David H. Murdock Research Institute and other

institutions across the US, UNC Charlotte Bioinformatics

is part of the team mapping the genome of the blueberry.

Director Cory Brouwer, PhD, is a lead scientist in the

Plant Pathways Elucidation Project (P2EP). The collaborative

research project at the NC Research Campus brings

together academia, industry and undergraduate to

doctoral-level students to map the genomes of fruits and

vegetables such as strawberries, oats, blueberries and

broccoli and to create a bioinformatic knowledge base for

each crop.

UNC Charlotte Bioinformatics Services Division also has

access to the full range of services of the Department of

Bioinformatics and Genomics in the College of Computing

and Informatics at UNC Charlotte’s main campus, located just

20 minutes south of the NC Research Campus. Partnering

with UNC Charlotte delivers a range of bioinformatics

and computational solutions that include computational

biophysics, computation mass spectrometry, genome-wide

association analysis, high-throughput studies, structural

bioinformatics and systems biology.

(https://transforming-science.com/unc-charlotte-bioinformatics-research-services-division/)

U N C C : B I O I N F O R M A T I C S S E R V I C E S D I V I S I O N : ( 3 , 0 9 2 S F )

13

C H A R L O T T E A C C O L A D E S

Key Metro Statistics

During the last 5 years, Charlotte has experienced

the fastest rate of tech talent growth in the country at

48.4%, compared to the national growth rate of 16%.

1 4

Charlotte

Madison, WI

Ft. Lauderdale

Jacksonville

Salt Lake City

Miami

Portland, OR

Orlando

San Francisco

Denver

#1 #1 #1 #2MILLENNIAL MOVING

DESTINATION CITY

(Smart Asset)

TOP TECH

MOMENTUM MARKET

(CBRE Research)

STATE WITH FASTEST

GROWING ECONOMY

(Bureau of Economic Research)

CITY CREATING

THE MOST TECH JOBS

(Forbes)

#4 #5 3.3% 142KHOTTEST HOUSING

MARKET

(Zillow)

BEST STATE FOR

HIGHER EDUCATION

UNEMPLOYMENT

(BLS, April 2019)

JOBS ADDED SINCE

JANUARY 2014

(BLS, April 2019)

C H A R L O T T E D E V E L O P M E N T T I M E L I N E

+7.4M SF +3.4M SFG R O S S A B S O R P T I O N N E T N E W A B S O R P T I O N

4 8 . 4 %

4 7. 0 %

4 6 . 8 %

4 0 . 7 %

3 8 . 6 %

3 5 . 4 %

3 5 . 3 %

3 4 . 2 %

3 3 . 4 %

3 0 . 9 %

F A S T E S T G R O W I N G

T E C H T A L E N T M A R K E T S

15

A R E A O V E R V I E W

Kannapolis, North Carolina

The City of Kannapolis is part of the dynamic Charlotte

region, one of the top growth areas in the country. With a

deep history in textile manufacturing, Kannapolis is evolving

into a research and development hub centered around

health and wellness. This transformation started with the

creation of the $600 million North Carolina Research Campus

(NCRC), a 350-acre home to eight university programs

working on the cutting edge of health sciences. NCRC is

in the heart of downtown Kannapolis on the redeveloped

site of former Cannon Mills – a 6,000,000 SF facility that was

largest textile manufacturing facility in the world. In addition

to the amazing discoveries and quality jobs the campus

brings, it is creating momentum and business opportunities

that come along with such an important research institution.

206,872Population

15.9%Population Growth Since 2010

$54,720Median Household Income

C A B A R R U S C O U N T Y

1 6

The North Carolina Research Campus in Kannapolis, NC, is

a 350-acre scientific community that collaboratively works to

empower human health through nutrition. Eight universities,

the David H. Murdock Research Institute, companies and

entrepreneurs focus research and development on safer,

more nutritious crops, healthier foods and precision nutrition.

Notable players at NCRC include UNC Chapel Hill, NC State,

Duke University, Appalachian State, Atrium Health.

Research combines multiple scientific focuses spanning

fruits, vegetables, grains, herbs, bioactive compounds, food

safety, exercise physiology and the influence of nutrition on

risk factors for chronic disease and fetal development. The

NC Research Campus is expanding to include the NC State

University Food Innovation Laboratory (NC-FIL). Through a

statewide partnership, the FIL will open in 2019 and provide

food companies a cGMP facility to test and produce new, plant-

based ingredients, products and packaging.

Education is a cornerstone of the campus. Rowan-Cabarrus

Community College offers two-year degrees in biotechnology,

nursing and advanced technology in their training center that

is walking distance from all the campus’ research centers. The

Plant Pathways Elucidation Project (P2EP) is a one-of-a-kind,

collaborative program that combines the expertise of leading

scientists with the campus’ university and corporate partners

to train undergraduate and doctoral-level students in fields like

plant genetics and bioinformatics.

Beyond a research center, the NC Research Campus is an

economic driver creating over 1,000 jobs and playing a critical

role in the development of the city of Kannapolis and the

Charlotte-area’s growing life science sector.

N C R E S E A R C H C A M P U S

17

A R E A O V E R V I E W

Kannapolis Revitalization

I N F R A S T R U C T U R E & S T R E E T S C A P E

A major component of the Kannapolis Downtown Revitalization is the infrastructure

and streetscape improvements. The unique streetscape serves as an urban park

with many green spaces for activities such as concerts, arts, recreation activities

and classes, shopping and outdoor dining. Traffic flow and parking options work

in conjunction with pedestrian activity and pocket parks with water features. The

infrastructure project included replacing aging and undersized utilities including

water, sewer, storm water and electricity.

1 8

S P O R T S / E N T E R T A I N M E N T V E N U E

The $52-million Sports and Entertainment Venue will be located at the

corner of West Avenue and Laureate Way and will serve as a major catalyst

to draw people downtown. The venue will be the new home of the City’s

Minor League Baseball Team– the Kannapolis Cannon Ballers, an affiliate of

the White Sox Major League Team. The venue will contain 6,000 square feet

of banquet and meeting space available for conferences, meetings, and

special events. The stadium is designed as a multi-use facility capable of

accommodating special events including concerts.

The stadium will have a seating capacity of 4,930 with 3,218 of those being

fixed seats. Other seating options will include luxury suites, a party deck,

berm seating, premium dugout box seats, picnic terrace, outfield bar, and

right field boxes.

The Sports & Entertainment Venue is a major catalyst for Kannapolis’

Downtown Revitalization Project and has already resulted in commitments

by private investors for adjacent mixed-use developments totaling more

than $60 million.

V I D A

286 Multifamily Units

400 Space Parking Deck

In March 2019 the City of Kannapolis and the Lansing Melbourne Group (LMG)

broke ground on a mixed-use district which will bring apartments, restaurants, a

brewery, and retail space to downtown Kannapolis.

The project, known as VIDA, will be constructed between Main Street and West

Avenue on a four-acre site that will incorporate and preserve the historic Cabarrus

Bank Building and will break ground in the fourth quarter of 2019. LMG will invest

$61 million to construct 286 apartments, 18,000 square feet of new retail and

renovate 36,000 square feet of historic retail space. The City’s investment will

include a 400-space public parking deck. The project will open in Spring 2021.

19

A R E A O V E R V I E W

Charlotte MSA

Kannapolis is part of the Charlotte region, a 16-county area that is home

to approximately 2.8 million residents and one of the fastest growing

metropolitan areas in the country. Charlotte is the largest city in the

Carolinas and the 17th largest in the United States. Steady job creation

has outpaced the rest of the country and its skilled labor force and

affordability has attracted many high-profile corporate relocations and

expansions. Six Fortune 500 companies are headquartered in the area.

2ndLargest

FinancialCenter

in the country with more than 54,000

employed in the industry

in Mecklenburg County.

2 0

C O R P O R A T E H E A D Q U A R T E R S

High-quality talent, low cost of living and easy access to

markets makes Charlotte the ideal location for headquarters

operations. With the world’s seventh busiest airport, the

nation’s second-largest banking center and as the number-one

destination for relocating millennials, Charlotte has become

one of the fastest-growing cities in the country.

It’s no wonder that more than 425 companies from diverse

industries – finance, technology, energy and manufacturing,

among others - have made Charlotte their global or North

American home. Another 250-plus house their regional

headquarters here, including Wells Fargo’s east coast

headquarters and largest employment base with more than

24,000 employees. A growing professional services and

administrative support sector of more than 14,000 companies

– including law firms, consultants, accountants - offer

headquarters operations all the necessary support services.

Q U A L I T Y O F L I F E

Perhaps the most compelling attraction of Charlotte is simply

its remarkable quality of life. Though a leading national

business center, Charlotte has been able to maintain a low

cost of living, high quality of life, and the charm and hospitality

for which the Carolinas and the Southeast have come to be

known. Charlotte is rich with a diverse menu of entertainment

opportunities ranging from professional sporting events to the

arts and outdoor recreational activities. Charlotte is home to

the NFL’s Carolina Panthers and the NBA’s Charlotte Hornets.

For golf lovers, the PGA’s Wells Fargo Championship is played

in Charlotte each spring at Quail Hollow Club, except in

2017 when the course hosted the 99th PGA Championship.

Charlotte is the home of the NASCAR Hall of Fame and

Charlotte Motor Speedway which plays host to three major

NASCAR events each year. World-class cultural amenities

– from NFL and NBA sports to Broadway shows to outdoor

amenities – complete an ideal environment to live, work

and play.

Charlotte is home to World Headquarters for the following 6 Fortune 500 companies:

21

Affiliated Business Disclosure

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).

Confidentiality Agreement

Your receipt of this Memorandum constitutes your acknowledgment 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.

Disclaimer

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 Property¹s 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. PMStudio_February2020

CORE LABORATORY BUILDINGDHMRI CONDOMINIUM

2 2

23

Nor th Caro l i n a Research Campus , Kann apo l i s , NC

Katherine Southard

+1 704 331 1260

katherine.southard@cbre.com

Kivett Williams

+1 704 264 3644

kivett.williams@cbre.com

CORE LABORATORY BUILDINGDHMRI CONDOMINIUM