Anderson Building Red Bank, NJ Metrovation

SEPTEMBER 2016

Contents

3 Overview Project Details—Anderson Building Redevelopment Summary

4 Neighborhood Red Bank, NJ Overview Immediate Trade Area

6 Project Concept Renderings Elevations Site Plan First Floor Plan Our Vision Board

11 Metrovation—Who We Are

12 Core Investments Downtown Red Bank, NJ West Side Arts District Properties East Properties West

Anderson Building · 2 Metrovation

OVERVIEW Project Details

The Anderson Building is an existing 27,000sf warehouse that Metrovation is converting into an eclectic 45,000sf, mixed-use building.

Building Size 45,200sf Retail 9,800sf

Parking 156 on-site parking stalls

Amenities Roll-up garage doors and 15’ ceilings in retail

Roof deck for employees and tenant entertaining

Exposed wood beams and concrete floors

Abundant natural light

Direct access to private balcony

New Jersey Transit station immediately adjacent to site

Delivery Date SEPTEMBER, 2016

Anderson Building · 3 Metrovation

NEIGHBORHOOD Red Bank, NJ Overview

RT 35

BRIDGE AVE

W. FRONT ST

WEST SIDE LOFTS THE GALLERIA

TWO RIVER THEATER CO. Downtown MONMOUTH ST Red Bank

ANDERSON RT 35 BUILDING RED BANK TRAIN STATION BROAD ST

SHREWSBURY AVE

BROAD ST

RT 35

Anderson Building · 4 Metrovation

NEIGHBORHOOD Immediate Trade Area LONG BRANCH LONG

NJ TRANSIT RAIL RUMSON RD RUMSON OCEANPORT

RUMSON

RIDGE RD RIDGE RIVER RD RIVER FAIR HAVEN FAIR LITTLE SILVER

BRANCH AVE EATONTOWN NAVESINK DOWNTOWN RED BANK 35 The Galleria SITE

35 520

SHREWSBURY W FRONT ST FRONT W rkway te Pa Sta en rd a G

NJ TRANSIT RAIL MIDDLETOWN TINTON FALLS TINTON LINCROFT

Anderson Building · 5 Metrovation

PROJECT Concept Renderings

SOUTH ELEVATION FACING EAST (MONMOUTH ST)

SOUTH ELEVATION FACING WEST (CORNER OF MONMOUTH ST & BRIDGE AVE)

NORTH ELEVATION (BRIDGE AVE) Anderson Building · 6 Metrovation

PROJECT Elevations

WEST ELEVATION

OFFICE

RETAIL

SOUTH ELEVATION (MONMOUTH STREET)

EAST ELEVATION

NORTH ELEVATION Anderson Building · 7 Metrovation

PROJECT Site Plan

ADAPTIVE REUSE SHIPPING CONTAINERS

Anderson Building · 8 Metrovation

PROJECT First Level Plan

We are looking for the best local tenants to purvey A 2 3 . their goods in a type setting0 1 1 1 1 “Chelsea Market” 1

18'-0" 18'-0" 18'-0" 18'-0" A C P O A V R E K R I N E G D 2 0 ' - 0 "

COVERED PARKING A C O V E

R 2,200 SF 2 E 0 ' - D 0 " W A L

K DEMISABLE W A Y T R O M I L # E 2 T A T R O M I L 2 # E 0 1 T ' - 0 " R M O E O C A M H 1 3 . 1 A U P S I D B S E I L U D W O E I A L 1 W L B 7 D ' K - A B 0 I " L N Y K G A 2 0 ' - 0 " A 8 ' - 0 " A A 1 3 . 0 7,840 SF DEMISABLE H C A O L M L M W O A N Y E X I S T E & R B V U I C I L E D S I N G

Floor to Ceiling Height: 10’10” P N E L X E I W A S T W N I N A G L K L W S E A L Y L S A T 2 3 O . 1 R E M A I N Anderson Building · 9 ANDERSON BUILDING RENOVATION 2 0 0 M O N M O U T H S T R E E T R E D B A N K , N E W J E R S E Y L O T S 2 . 0 1 , 3 , 4 , 5 , 5 . 01, & 6 ; B L O C K 3 8 Metrovation

PROJECT Our Vision Board

project Anderson Food Concept

issue date 05.29.14

phase Concepts

*Floor Plan Concept

Anderson Building · 10 Metrovation

METROVATION Who We Are

Metrovation is a privately owned specialty real estate development company. We conceptualize, create, market and manage unique properties that bring new life and new possibilities to places.

Our company, founded over 25 years ago, is the successor to Terranomics Development, upon whose 30 years of success we build. We take a fresh approach to every project to complement and add value to the specific environment.

The company and its principals have developed or redeveloped over 3,500,000 square feet of buildings and currently hold approximately 2,250,000 square feet of retail, office, hotel and residential properties.

Metrovation has transformed previously underutilized areas into thriving communities infused with economic vitality. From Downtown Red Bank and The Grove at Metrovation combines a market-driven Shrewsbury in Central New Jersey, to the Ironworks approach with intense hands-on management District in Oakland, California and Crossroads in and leasing. We build success by developing Bellevue, Washington, our properties have revitalized the right mix of tenants to achieve long-term their neighborhoods, communities and regions. stability, value and adaptability to market conditions. We do this in every project we undertake, whether it’s a retail, office or mixed-use development.

Our driving force is to make places vital. Slightly unorthodox, always original, Metrovation has created compelling, energetic properties that stimulate growth while remaining true to the character of the communities in which they are located.

Anderson Building · 11 Metrovation

CORE INVESTMENTS Downtown Red Bank

Metrovation continues to be a prime factor in the transformation. Our East Coast partner and company President, Chris Cole, has served as president of RiverCenter, the business improvement district formed by Red Bank merchants. Red Bank is a prime example of Metrovation’s commitment Red Bank and Metrovation’s lifestyle to enhancing downtown environments. During the center, the Grove at Shrewsbury, have development of The Grove at Shrewsbury, we got to know Red Bank—just one mile away. At that time, Red Bank was developed a close relationship struggling with many vacancies, but we saw great potential which includes cross marketing. for transformation. We began acquiring properties on Red Bank’s main thoroughfare, Broad Street. Since our first acquisition, we have purchased and renovated four Navesink River cornerstone properties. Three Metrovation properties have 35 won Downtown New Jersey Excellence Awards. RIVER RD 21 EAST FRONT WEST SIDE 7 BROAD ST FRONT ST LOFTS 20 BROAD ST 40-42 BROAD ST

25 BRIDGE AVE 55 BROAD ST

ANDERSON BRANCH AVE

BLDG BRIDGE AVE

MAPLEST Red BankBROADST 13 G A Current Projects Past Projects R D

E Red Bank is riding the crest of a stunning rebirth, drawing N attention from national publications for its friendly, fun and eclectic community. Smithsonian magazine describes Red S Bank as a New Jersey river town that has “transformed itself EXIT T

A into one of the hippest enclaves on the East Coast.”

109 T Metrovation’s current Red Bank projects include 21 East

E Front Street, a seven-story office building built in the early

1960s. While completely renovatingBROAD thisST office tower, we restored the 1893 building located on the street in front and incorporated it into the project, along with a new three- story building which complements the scale of downtown ShrewsburyRed Bank’s streetscape.

Anderson Building · 12 Metrovation

CORE INVESTMENTS West Side Arts District

Red Bank’s Arts & Antique District is rich in culture and history. It includes the historic Count Basie Theater, the Molly Pitcher Inn, and the Galleria— a collection of antique stores, upscale shops, restaurants and offices in a turn- of-the-century brick factory building.

Other Metrovation projects in the neighborhood include 25 Bridge Avenue and West Side Lofts, a state-of-the-art mixed-use development slated for completion in 2014.

The West Side Lofts project will include 92 residential units and over 40,000 square feet of shops designed specifically as a cluster of specialty retail and restaurants to complement the character of the Arts & Antiques District of Red Bank

These projects represent the ideals of smart-growth The most recent addition to the District is the Two River by fostering an existing neighborhood arts district and Theater’s spectacular new home and performance space. The supporting the revitalization of mass transportation, Red Bank Train Station is at the center of the District. It is centered on Red Banks’s train station. a landmark building, now thoroughly modernized, which is Navesink River 35 one of the busiest commuter stations between New Jersey RIVER RD and New York City. Close by, the New Jersey Transit Bus WEST SIDE Depot and the Yellow Car Taxi Company make this District FRONT ST LOFTS Red Bank a transportation hub. 25 BRIDGE AVE

11 The Anderson Building is an 1920’s warehouse building that ANDERSON RED BANK TRAIN STN BRANCH AVE

BLDG BRIDGE AVE will be transformed into a 40,000sf office and retail building. MAPLEST BROADST

Located directly across the street from the Red Bank train 13 station, this project will exemplifyG Metrovation’s commitment to redeveloping mixed-use propertiesA in urban settings. R D

E Commercial & Office N Adaptive Re-Use

EXIT T

109 T Anderson Building · E 13

BROADST

Shrewsbury Metrovation

CORE INVESTMENTS Properties East

The Grove at Shrewsbury is the nation’s first center called a “lifestyle center.” The mix of the best local specialty retailers and outstanding regional and national stores draws affluent shoppers from Monmouth County and beyond. From the first year of operation, the average sales for fashion retailers have increased each year.

The Grove at Shrewsbury is Metrovation’s premier property in Central New Jersey. It is the dominant center in the region, serving the high income households in the Monmouth County region and beyond. The 150,000 square foot lifestyle center is a magnet for upscale shoppers who enjoy its garden- filled streetscape environment.

The Grove’s development and success led to Metrovation’s involvement in nearby Red Bank. Here we have been a major factor in revitalization of the downtown with the development of several key properties on Broad Street and beyond.

Metrovation developed another successful lifestyle center south of Red Bank in Sea Girt, New Jersey on Highway 35. Brook 35 Plaza has helped define a newly emerging region.

Anderson Building · 14 Metrovation

CORE INVESTMENTS Properties West

The variety of Metrovation’s West Coast properties illustrates the breadth of our development expertise.

Unique and successful Metrovation retail developments Metrovation’s 230 California Street is an historic building include: Crossroads in Bellevue, Washington; Santa Rosa located at the foot of California Street in San Francisco’s Southside in Northern California; and Five Points Plaza in most prestigious business district. We are completing Huntington Beach, California. redevelopment, which includes an exciting new restaurant, sidewalk and lobby renovation, and redesigned offices. Hotel Healdsburg is the highly acclaimed jewel of Healdsburg, California that epitomizes the inviting sophistication of the We are continually improving our properties in keeping with North Sonoma Wine Country and is a key component of our belief that a property is never “finished” but always in the the downtown. process of “becoming.”

Metrovation’s properties make up most of the Oakland Ironworks District in Oakland, California. Located near Jack London Square, The Ironworks District is a collection of repurposed industrial buildings set in a vibrant environment and filled with interesting tenants. The award-winning 200 Second Street, in the nearby Jack London District, was also developed by Metrovation.

Two of our San Francisco office buildings are within the South of Market (SoMa) area in superior locations which offer multiple opportunities. At 650 Fifth Street in San Francisco, the area is building all around us. Our property is across from the Caltrain station which connects the City to Silicon Valley. It is a few blocks’ walk from the San Francisco Giants’ ballpark and the surrounding loft and retail district. Our current plans for this property include Hotel SoMa, now in the planning stage.

Anderson Building · 15 SAN FRANCISCO, CA | RED BANK, NJ

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