Midtown Plaza Flyer

M I DTOW NP L A Z A

a t l a n t a , g e o r g i a

o f f e r i n g m e m o r a n d u m

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CLASS A MIDTOWN OFFICE ENVIRONMENT

WELL EXECUTED CAPITAL INVESTMENT ENHANCES COMPETITIVE POSITIONINGWith a strong commitment to attract and retain Midtown Atlanta’s dynamic tenant base drawn to the submarket’s truly unique convergence of business, entertainment, and cultural offerings, Midtown Plaza’s current ownership has strategically invested nearly $9 million of capital (excludes all leasing costs) into the Property. This well executed investment has gone towards upgrading and modernizing the lobbies, common areas, on-site amenities, elevators and initiating a “spec” suite program. The completion of these projects and the current condition of the Property enables a new owner to focus its capital investments toward leasing and value enhancement projects going forward.

SUPERIOR ACCESSIBILITY WITH DIRECT CONNECTIVITY TO MASS TRANSITMidtown Plaza also offers superior access by way of its immediate proximity to the I-75/85 Connector, the 17th Street Bridge and the adjacent Arts Center MARTA station, along with multiple points of site ingress and egress along Peachtree Street, W. Peachtree Street, and Arts Center Way. The Property features ample on-site parking among its two interconnected parking facilities, which offer a 2.0 spaces/1,000 square foot parking ratio, resulting in arguably the most convenient and accessible Class A office environment in the submarket. The parking not only creates a leasing advantage and provides additional income but also should drive additional revenue opportunities as the surrounding area continues to densify.

TIMELESS DESIGN WITH IMPRESSIVE VIEWSThe Midtown Plaza complex features two LEED-EB Gold certified office towers, located along the Peachtree Street corridor at the gateway to the Midtown submarket. The Smallwood, Reynolds designed complex is distinguished by an immediately recognizable polished granite curtain wall façade and modern interiors that feature impressive view corridors of the Atlanta skyline. The two buildings, one of which is 14 stories and the other is 20, feature unencumbered views in all directions and offer complementary but also unique aesthetics which appeal to a broad spectrum of tenants.

ARRAY OF EXCEPTIONAL ON-SITE AMENITIESMidtown Plaza features a full complement of amenities to serve its tenants and guests including a modern conference center, a high-quality fitness facility, a full service café, on-site banking, and a tenant lounge.

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THE OFFERING

Eastdil Secured, as exclusive advisor, is pleased to present the outstanding opportunity to acquire Midtown Plaza, (the “Property”) two institutional quality, LEED-EB Gold certified office buildings prominently located at 17th and Peachtree, the gateway to Atlanta’s vibrant Midtown market. Totaling 506,108 rentable square feet, Midtown Plaza boasts arguably the most convenient access in the submarket along with a comprehensive set of on-site amenities while just steps away from the Arts Center MARTA Station and the many dining, hospitality, residential and cultural destinations that distinguish Midtown as the region’s only true “24/7” environment. Midtown Plaza also benefits from a well-executed capital improvement plan creating an enhanced, modern image for the complex that is consistent with the dynamic energy of the Midtown submarket. Currently 77% leased with a diverse small and mid-size tenant roster, the property offers a compelling mix of income stability with considerable upside through the significant leasing momentum already underway, and an opportunity to make strategic enhancements to quickly capitalize on Atlanta’s on-going office demand and impressive fundamental recovery.

Atlanta’s resurgent economy has significantly outperformed the nation in recent years, creating over 115,000 new jobs over the past two years with an emphasis on professional service and technology related industries. This economic vibrancy has translated directly to Atlanta’s office market fundamentals, with the overall Class A market absorbing over 7.3 million square feet (600 bps of vacancy) in the past three years, 76% of which has been in the “urban core” submarkets of Midtown, Buckhead, and the Central Perimeter. Given the recent momentum, Midtown is projected to continue outperforming the broader Atlanta office market and experience significant rent growth similar to what has occurred in both Central Perimeter (up 13%) and Buckhead (up 10%) over the past 18 months. Furthermore, with the increasing global trend of tenants desiring infill, amenity-rich office environments, Midtown Plaza is poised for continued upside at both the property and market level.

This offering presents the rare opportunity to gain entry into the Midtown market with a well-positioned Class A office asset at a substantial discount to replacement cost, allowing an investor to take advantage of the robust economic climate and experience immediate value creation opportunities. The Property will be delivered free and clear of financing.

Midtown Plaza - asset overview Address:

One Midtown Plaza 1360 Peachtree Street

Two Midtown Plaza 1349 West Peachtree Street

Submarket: Midtown

Classification: Class A Office

Year Built: 1984 - 1986

# of Stories: 14/20

Rentable Square Feet:

One Midtown Plaza 233,344 RSF

Two Midtown Plaza 272,764 RSF

506,108 RSF

Parking: 1,014 Spaces (2.0 spaces / 1,000 RSF)

% Leased as of 1/1/2015 77%

Weighted Avg. Remaining Term: 5 Years

Contractual Revenue Remaining: $45 million

Amenities:

Fitness Center, Conference Center, Activity Center/Lounge, On-site Cafe, Bank, 24-Hour Security & Key card access, EV charging station, Two-story granite lobby, immediate access to I-75/85 & MARTA

Sustainability: LEED-EB Gold; Energy Star; BOMA 360

CLASS A - OFFICE SPACE FOR LEASEOne Midtown Plaza - 1360 Peachtree StreetTwo Midtown Plaza - 1349 West Peachtree Street

Asset Overview

CALL US TODAY FOR MORE INFORMATION:

1360 Peachtree Street1349 West Peachtree Street

Midtown

Class A Office

1984-1986

14/20

2.0/1,000

Fitness Center, Conference Center, Activity Center/ Lounge, Onsite Cafe, Bank, 24-Hour Security and Key Card access, EV charging station, immediate access to 1-75/85 and MARTA.

233,344 RSF272,764 RSF506,108 RSF

AddressOne Midtown PlazaTwo Midtown Plaza

Submarket

Classification

Year Built

No. of Stories

Parking

Amenities

Rentable Square FeetOne Midtown PlazaTwo Midtown Plaza

MICHAEL [email protected]

HUNTER [email protected]

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SITE PLAN

PEACHTREE STREET

17TH STREET

WEST PEACHTREE STREET

Parking

Two Midtown Plaza

One Midtown Plaza

1372 Peachtree.704 acres

SPI-16 Zoning

TO I-85 NORTHGA 400

TO I-75 NORTHI-75/I-85 SOUTH

SITE BOUNDARY

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TO gA 400

TO ATLANTiCSTATiON

retail, restaurants, hotel and Office

ArTS CENTEr STATiON

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M I DTOW NP L A Z A

One Midtown Plaza - 1360 Peachtree StreetTwo Midtown Plaza - 1349 West Peachtree Street

Midtown Plaza is located in the heart of Atlanta’s dynamic Central District, at the intersection of 17th and Peachtree Streets, which is considered the “gateway” to the Midtown submarket, and within the prestigious Arts Center district. The property offers an array of exceptional amenities to serve its tenants and guests, ease of access to several restaurants and hotels, and direct access to Atlantic Station.

The property underwent a major renovation project in 2008- 2009 that has created an enhanced, modern image for the complex. The original construction and design needed to better connect visually to the dynamic energy of the evolving Midtown submarket.

The complex is a short drive from the intersection of I-75/I-85 and is within walking distance of many of Midtown Atlanta’s attractions, including the Midtown Metropolitan Atlanta Rapid Transit Authority (MARTA) station and Atlanta’s Cultural Arts Center, comprising the High Museum of Art, the College of Art, and Symphony Hall.

CLASS A - OFFICE SPACE FOR LEASE

3414 Peachtree road ne, suite 1450, atlanta, Ga 30326tel 404 487 1100 FaX 404 487 1107

MICHAEL MCDONALDManaging [email protected]

KENNEDY HICKSSenior Vice [email protected]

CHRIS CAMPBELL, [email protected]

DANIEL ALLMANVice [email protected]

MATT PRINCEVice [email protected]

JOE [email protected]

E A S T D I L S E C U R E D | E X C L U S I V E A D V I S O R FINANCING CONTACTS:

WALKER GORHAMVice [email protected]



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INVESTMENT DISTINCTIONS

n Prestigious Peachtree Street Class A office environment with timeless appeal

n Strategic location at the intersection of Peachtree Street & 17th Street with three points of egress at the Property creates unrivaled accessibility

n Direct access to mass transit via the Arts Center MARTA Station just steps away

n Recent $9MM of investment in building upgrades enhance its competitive positioning

n Full complement of on-site amenities including a high-end conference center, fitness center, full service café, tenant lounge bank, and EV charging station.

n Ample and convenient parking within two interconnected garage structures provide significant revenue

n 77% leased to diversified tenant base with no firm leasing greater than 9% of the total square footage

n Substantial upside and value creation opportunities through on-going leasing momentum (nearly 150,000 square feet within last twelve months) and strong rent growth that is expected to continue

n Over five years of weighted average remaining lease-term provides stability as well as a mark-to-market upside opportunity as leases rollover

n Ability to provide an attractive economic advantage relative to Class AA towers within the urban core market; limited competition at this price point

n Unique vibrant setting within Atlanta’s most urbanized and mixed-use submarket

n On-going retail and residential development (including a planned Transit Oriented Development on the Arts Center MARTA Station) will further enhance the energy and amenity base in immediate area

n “Millennial Appeal” – Midtown Plaza offers the urban environment and amenity base that appeals to companies trying to attract and retain millennial talent

n Thriving Atlanta Fundamentals with the overall Class A market having experienced 7.3 million square feet of positive absorption in the past 36 months

n Limited new construction underway combined with soaring construction costs and on-going office-using job growth and corporate relocations to Atlanta poise the market for considerable rent growth

n Compelling basis at a discount to replacement cost (estimated to be over $350 per square foot) for a comparable building

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Midtown Plaza Flyer

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