CHARLOTTE, NC

UPTOWN CHARLOTTE OFFICE TOWER AND GARAGE INVESTMENT OPPORTUNITY OPPORTUNITY OVERVIEW

NKF Capital Markets and JLL Capital Markets are pleased BB&T Center is in a Fortress Location in the heart of to offer a unique opportunity to purchase BB&T Center, Charlotte’s dynamic Central Business District, known an 81%-leased, newly-renovated office tower with locally as “Uptown”. BB&T Center has the premier parking significant near-term leasing and long-term mark-to- garage in the market, containing 1,520 spaces for a more market upside in the 2nd largest banking center and than double-the-average parking ratio of 2.7/1,000, and third fastest growing city in the United States, with it is the centerpiece of Charlotte’s unique Overstreet 44,000 new residents and 50,000 new jobs added Mall, featuring over 360,000 square feet of conditioned annually since 2010. retail space, including over 100 restaurants, and five hotels that serve an exclusive nine-building subset (Six owned by Financial Institutions) of Charlotte’s Uptown BB&T Center has recently undergone $10.5MM in office properties. BB&T Center is one block from the CTC recent renovations, including the addition of a 7,000 LYNX Light Rail Station, the primary hub for Charlotte’s square foot tenant amenity center featuring conference highly-successful and growing light rail and streetcar and training rooms, tenant lounge, and outdoor deck, transit system. BB&T Center also has superior vehicular and a brand new Overstreet Mall lobby and storefront access via South College Street, 3rd and 4th streets, renovation, the primary entrance to the building with three of the most direct, one-way vehicular commuting 15,000+ pedestrians passing by daily. Prior to delivering corridors in and out of Uptown for the wealthiest in-fill its new renovations, Ownership inked over 113,000 residential markets in Charlotte and for commuters on square feet of new leases in the building. Recent trophy the I-277 Beltway. office rents have pushed well into the low $40’s/SF, helping to drive significant rent growth in Charlotte’s BB&T Center offers prospective investors a truly Class A market, which has surged 26% since 2017. With unique opportunity to acquire one of the most highly- these significant market tailwinds and newly delivered amenitized and accessible buildings in Charlotte’s amenities and improvements, BB&T Center’s in-place Uptown with durable in-place cash flow from rents are nearly 20% below current leasing activity investment-grade, credit tenancy, and both near-term at the building and nearly $10.00 PSF below average and long-term mark-to-market upside in one of the Class A rents in Uptown Charlotte. fastest growing cities in America. PROPERTY SUMMARY

Address 200 South College Street, Charlotte, NC 28202

Rentable Area 568,646 Rentable Square Feet

Market-Leading 11-Story Parking Structure Containing 1,520 Spaces Parking (Ratio of 2.7 per 1,000 Rentable Square Feet)

Occupancy 81%

Stories 22 Stories

WALT: 5.0 Years

Credit Tenancy (% of Building): BB&T (23%) AIG (11%) GSA (6%)

Year Built/Renovated 1975/2008/2019

Floors 4-10 & 14-22: +/- 20,000 Rentable Square Feet Typical Floorplate Floors 11-13: +/- 60,000 Rentable Square Feet

Site Area: 1.89 Acres

Central to Charlotte’s Unique Overstreet Mall with over 360,000 Square Feet of Retail Amenities including over 100 Restaurants

Charlotte

Athletic Club TYRON ST TYRON ST Walgreens

T S H T 4 E T S E D A R T E SOUTH TRYON SQUARE BANK OF AMERICA PLAZA

THREE WELLS Starbucks FARGO CENTER Chick-Fil-A BANK OF AMERICA Omni CORPORATE CENTER TWO WELLS FARGO CENTER Hotels HEARST TOWER HEARST PLAZA Amelie’s Freshii Dunkin Donuts Zen Taco Chop & Chisel

COLLEGE ST COLLEGE ST

ONE WELLS CHARLOTTE PLAZA FARGO CENTER Ritz-Carlton Holiday Inn Starbucks Panera Bread Aloft

Hilton

L Y N X L I G H T R A I L

L Y N X L I G H T R A I L INVESTMENT HIGHLIGHTS

Fortress Location

Unmatched to Amenities BB&T Center is centrally-located on the Charlotte Overstreet Mall, a unique network of conditioned sky-walks connecting eight nodes of retail and hospitality amenities providing over 360,000 square feet of retail, restaurant, and fitness amenities along with hotels, including the Omni and Ritz-Carlton.

Best-in-Market Parking Garage With 1,520 parking spaces at a ratio of 2.7/1,000 rentable square feet, BB&T Center has the largest parking inventory and more than double the average parking ratio in Uptown of just 1.23/1,000 rentable square feet.

Most Accessible Location in Uptown BB&T Center’s sitting on College Street, between 3rd and 4th streets, its network of access and exit tunnels, and its position just a block away from the Lynx Light Rail station combine to make this the most accessible location in Uptown. Long-Term, Durable Income from Credit Tenancy BB&T (NYSE: BBT) the Office Building’s largest tenant and building’s namesake, GSA, and AIG (NYSE: AIG), together occupy over 44% of the Office Building with an average of over 6.5 years of term remaining.

$10.5MM in New Renovations The Property now has a fully renovated Overstreet Mall lobby and retail storefronts along with a newly- delivered 7,000 square foot tenant amenity center featuring conference and training rooms, tenant lounge, and outdoor deck.

Outstanding Leasing Momentum BB&T Center has leased over 113,000 square feet of space in the past two years, prior to the delivery of its new amenities. LOCATION SUMMARY Uptown

BB&T Ballpark

Charlotte Douglas International Airport 12 Minutes

Bank of America Stadium

3rd St/Convention Center

Church Street College Street Tryon Street Stonewall

South End

Carson

South Boulevard

CHARLOTTE, NORTH CAROLINA

FORTUNE FASTEST GROWING 1000 LARGEST2nd 15Headquarters Locations Tech Talent Pool Financial Center #1

FASTEST GROWING MSA’s % #44,0003 New Residents Added Annually 2UPTOWN6 CLASS A OfficeRent Growth Source: Charlotte Center City Partners Since 2017 NoDa

Uptown 9th St

7th St

CTC/ Arena Spectrum Arena

Lynx Light Rail Station

Davidson St

4th Street

3rd Street McDowell St T O M S A D L NEVIN ROAD E R R O BROOKSHIRE BOULEVARD A CINDY LANE D

MOORES CHAPEL ROAD

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A BEATTIES FORD ROAD FORD BEATTIES

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FREEDOM DRIVE 29 W 85 ILKIN S O N E GHANY ST R E B L L E T OU A

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P A Uptown E R V Charlotte K WILKINSON BOULEVARD I 74 Plaza W Country Club R THE PLAZA D NORTH CHURCH STREET A Midwood KILBORNEDRIVE Y D L EASTWAY DRIVE IE F IS RR South End CENT O 74 RAL Charlotte Douglas M Carolina Golf Club I AV ND EN International Airport EPEND UE EN CE

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77 Dilworth MONROE ROAD MARSH ROAD PIERSON DRIVE D

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PROVIDENCEROAD

SOUTH TRYON STREET SCALEYBARK ROAD Myers

Park PARK ROAD PARK LYNX BLUE LINE WOODLAWN ROAD Myers Park LYNX BLUE LINE STATION Country Club LYNX SILVER LINE

LYNX GOLD LINE BOULEVARD SOUTH

LYNX GOLD LINE STATION

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NKF OFFICE INVESTMENT SALES:

James P. Cassidy W. Judson Ryan Cliff Cummings Executive Managing Director Executive Managing Director Vice President +1 202 664 5905 +1 202 664 5928 +1 202 664 5899 [email protected] [email protected] [email protected]

JLL GARAGE INVESTMENT SALES: Brian Dawson Taylor Allison Managing Director VIce President JLL Capital Markets JLL Carolinas Capital Markets [email protected] [email protected] +1 202 577 4877 +1 704 804 5830