TURNING BASIN 100 SOUTH 14TH STREET | RICHMOND, VIRGINIA

Investment Sale Offering

97% Leased, Office | Richmond VA  VIEW FROM KANAWHA CANAL

EXECUTIVE SUMMARY

Cushman & Wakefield is pleased to offer for sale the Turning Basin Building, (“the Property”) a 97% leased, Class A office building located in Richmond, Virginia’s Central Business District. Totaling 92,814 square feet of prime real estate in the heart of The Turning Richmond’s vibrant Historic District, Turning Basin includes a five-story office Basin Building building and an adaptive reuse of the historic Norfolk and Southern Railway building into a 12,436 square foot restaurant and bar-arcade. Situated on the renovated Canal Walk at offers investors the site of the historic turning basin, the asset offers views of the James River in a highly- a strong in-place walkable, urban infill setting. Located at the intersection of Virginia Street and Canal Street and fronting the Kanawha yield in a highly- Canal, Turning Basin offers easy access to Interstates I-95, I-64, and I-195 (the Downtown walkable, urban Expressway). The Property is surrounded by a number of high-end residential complexes, infill location. numerous restaurants and entertainment venues, and four hotels. The office building includes a basement parking garage with 29 dedicated spaces, providing a highly sought- after commodity and allowing easy access for the Property’s largest tenants. Richmond market fundamentals continue to climb, with 4.8% year-over-year rent growth in Class A office product and 8.3% year-over-year retail rent growth. Coupled with a low 3.5% unemployment rate and steady job growth, Richmond continues to attract new businesses and investment from out-of-town groups. Turning Basin presents investors the opportunity to acquire a stabilized, best-in-class CBD asset at well below replacement cost and below market rents.  WORKSHOP DIGITAL AMENITY SPACE

Tenant build-outs include modern, state of the art, open layouts including multiple collaboration rooms and creative use of outdoor space. TURNING BASIN Highlights

97% leased, Class A Unmatched access to Soaring Richmond Highly accessible Expansive 19,000+ Below market in- office building with on-site entertainment office fundamentals, location with express square foot floor place rents, offer irreplaceable location and dining venues in with 4.8% year-over- vehicular access plates with impressive a rare value-add in Richmond’s Central amenity rich, Historic year rent growth in to the Downtown window lines and a opportunity for Business District Shockoe Slip Class A product and Expressway (I-195) full fifth floor stabilized product 7.1% vacancy, make and Interstates 95 balcony space at well below Richmond one of and 64 replacement cost the fastest growing markets in the Mid-Atlantic 195

W. BROOKLAND PARK BOULEVAR D SCOTT’S The Diamond LEVARD ADDITION U 301 MONUMENT AVENU HERMITAGE ROAD NORTHSIDE Green PATTER N. BO Park

SON AVENUE W. BROAD E 64

S TREE

T Redskins Training Center DY STREET Science Museum WEST END 195 250 of Virginia N. LOMBAR MUSEUM DISTRICT 64

LEVARD

Virginia Museum S. BOU of Fine Arts W. LEIGH STREE Highly Sought-After Location in T Downtown RichmondCARYTOWN E. BROAD S TREET • Multiple restaurants,City hotels and entertainment venues 360 76 Stadium W. CARY STREET located within blocks of the Property 195 Virginia • Strong performing Morton’s Steakhouse located on firstCommonwealth JACKSON WARD

DO University floor of building WNTOWN EXPRESS Richmond Coliseum E. LEIGH STR WA Y • RVA Bike Share station directlyWilliam behind the building EET EAST END Byrd Park 250 95

• 83 Walk Score E. CARY STREE S

S. MEADOW STREET

. L BE DOWNTOWN EXPRESSWA RICHMOND

th S VIDERE • 14 and Cary CARILLIONParking deck adjacent to the property T Virginia

State Capitol

T includes 500 parking spaces REET James STREET River Y 76 • Southern Railway Taphouse has outdoor patio seating on DOWNTOWN N. 25TH site overlooking the Kanawha Canal Browns TURNING BASIN Island T E. MAIN STREET CHURCH HILL E. BROAD 9TH STREE

301 ET STREET

WESTOVER HILLS TH STRE Mayo Belle . 14 S Island James Island HISTORIC SHOCKOE River MANCHESTER BOTTOM In conjunction with:

For more information, please contact:

INVESTMENT ADVISOR Eric Robison Senior Vice President [email protected] 804 697 3475

LEASING ADVISORS Mac Wilson First Vice President [email protected] 804 697 3488

Dean Meyer Senior Vice President [email protected] 804 697 3480

FINANCIAL ANALYST Calvin Griffith [email protected] 804 344 7158