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Christiana Executivecampus Christiana ExecutiveCampus 111 121 131 200 220 240 LOCAL MARKET EXPERT: Neal Dangello, MCR Senior Managing Director 302-655-2082 [email protected] fin Executive Summary02 CONTENTS Property Overviews08 Area Overview30 Christiana ExecutiveCampus Executive Summary • The Churchman’s Crossing SEPTA Regional Rail Station is less than one mile from the Properties, providing direct and convenient 2 access into the Philadelphia CBD, as well as the entirety of the Mid-Atlantic region. 4 CHURCHMAN’S CROSSING STATION CAMPUS 4 CENTER POINT PLAZA 121 58 131 111 EXIT 4 240 220 200 95 • 2 Marketing Overview • Executive Summary 3 • 4 Marketing Overview Green Initiatives at Christiana • All the roofs are white-reflective and energy conserving • Light fixtures are energy efficient deep cell parabolic fixtures with T8 lamps and T8 ballasts. Occupancy sensor technology where appropriate in the offices and restroom areas. • Cleaning products are Green seal certified • Entire landscaping program has been converted to a fully organic landscape • The roof of 121 Continental Drive features 456 solar panels, which were installed in 2011 • Executive Summary 5 PROPERTY UPGRADES - COMING SOON Lobby Improvements WALL COVERING SOFFIT PAINT COLOR WALL PAINT COLOR WALL SCONCE CORRIDOR CARPET LOBBY CARPET • 6 Marketing Overview Restroom Improvements NEED TO REPLACE WITH NEW RENDERING AND OTHER IMAGES IF WE HAVE • Executive Summary 7 Christiana ExecutiveCampus Property Overview SITE PLAN 240 Continental Drive 220 Continental Drive E IV R D L TA 200 EN Continental Drive N TI 131 N O Continental Drive C 121 Continental Drive Continental 111 Continental Drive ROUTE 7 ROUTE CHURCHMANS ROAD • 10 Marketing Overview Property Descriptions 111 Continental Drive ADDRESS: 111 Continental Drive Newark, Delaware 19713 YEAR COMPLETED: 1990 ARCHITECT: Donald N. Coupard Associates RENTABLE AREA: 85,404 NUMBER OF FLOORS: 4 TYPICAL FLOOR SIZES: 22,330 SF 111 ZONING CODE: C-3 General Business New zoning code: OR - Office Regional (higher density/scale office development) PARKING: 305 parking spaces 3.64/1,000 SF parking ratio 240 • Property Overviews 11 Property Description (continued) 121 Continental Drive ADDRESS: 121 Continental Drive Newark, Delaware 19713 YEAR COMPLETED: 2000 ARCHITECT: Highland Associates RENTABLE AREA: 64,191 121 NUMBER OF FLOORS: 3 TYPICAL FLOOR SIZES: 19,044 SF CORE FACTOR: 13.5% ZONING CODE: OR - Office Regional PARKING: 321 spaces - 4.93/1,000 SF parking ratio 240 • 12 Marketing Overview Property Description (continued) 131 Continental Drive ADDRESS: 131 Continental Drive Newark, Delaware 19713 YEAR COMPLETED: 1998 ARCHITECT: Highland Associates RENTABLE AREA: 85,177 NUMBER OF FLOORS: 4 TYPICAL FLOOR SIZES: 19,439 SF CORE FACTOR: 13.5% ZONING CODE: OR - Office Regional PARKING: 348 spaces - 4.17/1,000 SF parking ratio 131 240 • Property Overviews 13 Property Description (continued) 200 Continental Drive ADDRESS: 200 Continental Drive Newark, Delaware 19713 YEAR COMPLETED: 1986 ARCHITECT: The Kling Partnership RENTABLE AREA: 86,430 NUMBER OF FLOORS: 4 TYPICAL FLOOR SIZES: 19,624 SF CORE FACTOR: 12% 200 ZONING CODE: C-3 General Business New zoning code: OR - Office Regional PARKING: 312 parking spaces 3.63/1,000 SF parking ratio 240 • 14 Marketing Overview Property Description (continued) 220 Continental Drive ADDRESS: 220 Continental Drive Newark, Delaware 19713 YEAR COMPLETED: 1988 ARCHITECT: The Kling Partnership RENTABLE AREA: 86,756 NUMBER OF FLOORS: 4 TYPICAL FLOOR SIZES: 19,772 SF CORE FACTOR: 12% ZONING CODE: C-3 General Business New zoning code: OR - Office Regional PARKING: 309 parking spaces 220 3.59/1,000 SF parking ratio 240 • Property Overviews 15 Property Description (continued) 240 Continental Drive ADDRESS: 240 Continental Drive Newark, Delaware 19713 YEAR COMPLETED: 1989 ARCHITECT: Donald N. Coupard Associates RENTABLE AREA: 40,754 NUMBER OF FLOORS: 2 TYPICAL FLOOR SIZES: 19,431 SF CORE FACTOR: 12.6% ZONING CODE: C-3 General Business New zoning code: OR - Office Regional PARKING: 150 parking spaces 3.68/1,000 SF parking ratio 240 240 • 16 Marketing Overview 1 CHRISTIANA MALL EXIT 164 EXIT 95 95 4 EXIT 165 7 220 240 200 131 58 121 111 • Property Overviews 17 111 CONTINENTAL DRIVE 4th floor 3rd floor 2 2nd floor 1 1st floor • 18 Confidential Offering Memorandum 111 CONTINENTAL DRIVE Floor Plans 1st 2nd floor floor 1 3rd 4th floor floor 2 Availabilities Summary Suite Status Area (SF) Contiguous Space Available Occupied 1 211 Vacant 2,860 Becoming Available Contiguous Space 2 309 Vacant 2,291 Total Vacant SF 5,151 • Property Overviews 19 121 CONTINENTAL DRIVE 3rd floor 2nd floor 1st floor • 20 Marketing Overview 121 CONTINENTAL DRIVE - FULLY LEASED Floor Plans 1st 2nd floor floor 3rd floor • Property Overviews 21 131 CONTINENTAL DRIVE 5 4th floor 3rd floor 4 2nd floor 3 2 1 1st floor • 22 Marketing Overview 131 CONTINENTAL DRIVE Floor Plans 4 1st 2nd floor floor 3 1 2 5 3rd 4th floor floor Availabilities Summary Suite Status Area (SF) Contiguous Available Occupied 1 110 VACANT 511 Becoming Available Contiguous Space 2 202 Becoming Available (12/1/19) 4,987 6,852 SF (Suites 202 + 203) 3 203 Becoming Available (8/1/19) 1,865 6,852 SF (Suites 202 + 203) 4 207 VACANT 1,342 5 406 VACANT 1,276 Total Vacant SF 9,981 • Property Overviews 23 200 CONTINENTAL DRIVE 4th floor 3rd floor 2nd floor 2 1st floor 1 • 24 Marketing Overview 200 CONTINENTAL DRIVE Floor Plans 1 2 1st 2nd floor floor 3rd 4th floor floor Availabilities Summary Suite Status Area (SF) Available Occupied 1 109 VACANT 1,628 Becoming Available Contiguous Space 2 203 VACANT 870 Total Vacant SF 2,798 • Property Overviews 25 220 CONTINENTAL DRIVE 4th floor 3 3rd floor 2nd floor 2 1st 1 floor • 26 Marketing Overview 220 CONTINENTAL DRIVE Floor Plans 1 2 1st 2nd floor floor 3rd 4th floor floor 3 Availabilities Summary Suite Status Area (SF) Available Occupied 1 101 VACANT 5,093 Becoming Available Contiguous Space 2 213 VACANT 838 2 402 VACANT 2,769 Total Vacant SF 8,700 • Property Overviews 27 240 CONTINENTAL DRIVE 2nd floor 1st floor 1 2 • 28 Marketing Overview 240 CONTINENTAL DRIVE Floor Plans 1 1st 2nd S floor floor S 2 Availabilities Summary Suite Status Area (SF) Expiration Available Occupied 1 100 VACANT 15,249 Becoming Available Contiguous Space 2 106 VACANT 3,697 Total Vacant SF 18,946 • Property Overviews 29 Christiana ExecutiveCampus Area Overview Greater Philadelphia Area Overview Greater Philadelphia, the nation’s fifth largest metropolitan area, is situated in the MARKET AT A GLANCE heart of the Northeast Corridor and is the keystone of major north-south, east-west • Lower cost of living than the other major northeast metros including New York, Boston, highway and rail networks. More than 100 Washington D.C. and Baltimore million people are within a one day drive of • Population – 6.4 million (5th among large U.S. metros) Philadelphia. The Greater Philadelphia market • Employment – 3.0 million (6th among large U.S. metros) area spans thirteen counties in Southeastern Pennsylvania, Southern New Jersey and • Personal Income - $337 billion ( 5th among large U.S. metros) Northern Delaware. • Philadelphia’s Amtrak station is the 3rd busiest in the country • Three major shipping ports served by one of the few regions with Class 1 railroads Philadelphia boasts strong economic • Average of 125 cultural events take place every day fundamentals. The Philadelphia Region • 13 companies on the Fortune 500 list with their headquarters (HQs) in the region; 30 on the ranks seventh in terms of gross metropolitan Fortune 1000 list have their HQs here product, fifth in terms of personal income and is the nation’s fourth largest media market. The strength and desirability of Greater Philadelphia is characterized by its economic diversity and population density. Its location, high concentration of educational, medical and government facilities, and a strong transportation network underscore these strengths. Residents of the Philadelphia area have always enjoyed a quality of life ranked among the highest in the country. In addition to the numerous and growing number of high quality urban housing opportunities, there are abundant desirable suburban communities that are easily accessible by one of the country’s best highway and mass transit systems. • 32 Marketing Overview 81 MERCER LEBANON 222 322 476 202 95 Harrisburg 76 MONTGOMERY BUCKS PENNA BERKS 422 TURN- PENNA 76 PIKE TURN- PIKE Trenton 81 PENNA 276 83 TURN- PIKE CUMBERLAND 15 322 95 30 76 30 1 30 476 PHILADELPHIA ADAMS LANCASTER 30 CHESTER DELAWARE Philadelphia 295 BURLINGTON 30 322 YORK 206 83 95 202 222 295 1 30 Wilmington CAMDEN Christiana 322 ExecutiveCampus HARFORD GLOUCESTER 15 95 CARROLL 1 SALEM 30 40 83 CECIL NEW 1 1 CASTLE FREDERICK BALTIMORE ATLANTIC 795 695 95 13 40 CUMBERLAND • Area Overview 33 70 KENT Baltimore 270 HOWARD 301 695 1 CAPE MAY MONTGOMERY Dover ANNE 9 95 KENT ARUNDEL QUEEN ANNE'S 1 97 301 495 29 50 PRINCE 50 Annapolis 50 FAIRFAX GEORGE'S CAROLINE Washington D.C. 50 66 1 495 FALLS 301 CHURCH ALEXANDRIA MANASSAS 95 TALBOT 9 PARK SUSSEX 13 PRINCE WILLIAM 301 95 CALVERT CHARLES 50 TRANSPORTATION INFRASTRUCTURE & ACCESS • 100 million people are within a one-day drive • Served by 29 airlines with 621 nonstop flights to 123 cities, including more than 59 nonstop flights to 37 international destinations • New York City and Washington D.C. are within a 2.5 hour drive; high-speed Amtrak Acela and Metroliner service to both • Philadelphia is the 3rd busiest Amtrak station in the U.S. • 3 Class 1 railroads — Canadian Pacific, CSX, and Norfolk Southern provide direct service to the Port of Philadelphia • The Delaware River Port Complex comprised of active, full-service marine terminals in Delaware, New Jersey and LABOR POOL Pennsylvania, is an active conduit for international trade and With a labor force of approximately 3 million people, there is comprises three major ports with full-service docking facilities an abundant supply of skilled workers available in virtually all • Fortune 1000 list have their HQs here occupations.
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