Office Space for Lease

Home , Arizona Center, Phoenix Symphony Hall

OFFICE SPACE FOR LEASE

RETAIL SPACE FOR LEASE

400 East Van Buren | 455 North 3rd Street Phoenix, Arizona

Brent Mallonee Brad Douglass Ryan Leavitt Senior Director Senior Director Director +1 602 224 4437 +1 602 224 4406 +1 602 224 4489 [email protected] [email protected] [email protected]

RESIDENTS MEDIAN LIGHT WITHIN Arizona Center is LARGEWORKFORCE RAIL WALKING situated perfectly with AGE 27 39,140 16,242 DISTANCE RIDERS PER DAY proximity to Chase Field,

42% OF WORKFORCE Talking Stick Arena, Phoenix WITHIN 3 MILES IS 7 MILLION SHOPPING Convention Center, Symphony RESTAURANTS, & BUSINESS ANNUAL PROFESSIONAL VISITORS Hall, Phoenix Biomedical Campus, 180 ENTERTAINMENT SERVICES DOWNTOWN PHOENIX Herberger Theatre, ASU Downtown Phoenix Campus and other Phoenix ABUNDANT 12,000 focal points bringing over nine DOWNTOWN PARKING ASU million visitors to downtown Phoenix 19 STRUCTURES STUDENTS CAMPUS annually. Arizona Center also hosts a strong daytime population of 66,609 NEARBY AMENITIES professionals who work, eat, shop and enjoy Sports Arenas Venues the beauty of its serene garden setting. • Chase Field • Crescent Ballroom (Arizona Diamondbacks) • Stand Up Live • Talking Stick Arena Hotels (Phoenix Suns) • Sheraton

VETERANS • Hyatt Regency MEMORIAL Theaters COLISEUM • Comerica Theatre • Westin MCDOWELL RD • Herberger Theater • Hilton • Phoenix Symphony Hall • Residence Phoenix Downtown GRAND AVE DOWNTOWN CORE

• Orpheum Theater 16TH ST • Valley Youth Theatre Museums VAN BUREN ST

STATE WASHINGTON ST • Arizona Science Center CAPITOL US Phoenix Biomed Campus CHASE AIRWAYS FIELD • Arizona Doll & Toy Museum CENTER • 30-acres of medical • Children’s Museum of Phoenix 19TH AVE

7TH AVE

research offices CENTRAL AVE • Rosson House Museum 7TH ST BUCKEYE RD • 6.5 million SF at full build‑out • Wells Fargo History Museum Conventions • Phoenix Art Museum • Phoenix Convention Center • Heard Museum

Sources: ASU, UofA, ESRI, Phoenix Metro Light Rail, CoStar, visitphoenix.com 1 downtown phoenix advantages

Downtown Phoenix Today

• Phoenix Convention • Biomedical Campus Center expansion; Development (over 30 acres) 3,637 total hotel rooms • 10 Minutes to Sky Harbor • ASU Downtown Campus International Airport – ASU DOWNTOWN CAMPUS 15,000 students anticipated 1 of 10 Busiest Airports in the at this campus by 2020 United States

• 5,024 new residential • Focus on street activation units since 2000 • Urbanization • UofA College of Downtown Phoenix is quickly Medicine/Biomedical gaining the characteristics of other Campus top tier cities

• and • 83 new restaurants/bars Millennial empty nester PHOENIX CONVENTION CENTER since the start of 2008 trends of urban living with connections to the dynamics • Metro Light Rail of the submarket 3.3M riders through downtown stops (2013) • ±200,000 SF, $75 million Chan Soon-Shiong • Employment Growth Institute of Molecular Medicine at ASU planned for 7.5-acres • Downtown Residential north of Arizona Center, Growth at Fillmore and 5th PHOENIX BIOMEDICAL CAMPUS4 overall siteplan

VALET ENTRANCE 4 Don Arones Brent Mallonee Mark Stratz redevelopment area Managing Director Vice President Vice President +1 602 224 4432 +1 602 224 4437 +1 602 224 4427 [email protected] [email protected] [email protected] Downtown Phoenix

ArtHAus

25 Units Opening May 2017

tHe Muse BroAdstone ApArtMents Arts district

4 stOry - 367 Units 4 stOry - 280 Units MOve-in expected est. cOMpletiOn March 2017 Fall 2017

new office Building BruckAl 9,124 sF culver duplex

4 Units centrAl willettA OnstrUctiOn lan c p ryan develOpMent nder eview U r 100 Units est. cOMpletiOn 2018 tHe oscAr

develOper: stark jaMes 11 Units est. cOMpletiOn sUMMer 2017 roosevelt row

2nd & MorelAnd 4 stOry apartMent BUlding condos 316 Units alliance residential 79 Units est. cOMpletiOn sUMMer 2017 tHe foundry est. cOMpletiOn jUne 2017

11,800 sF expansiOn and renOvatiOn OF existing 8 stOry - 75,760 sF hOtel illuMinAte Apts

5 stOry Mixed Use BUilding w/ 2 level garage & 111 Units

roosevelt portlAnd on on 5tH roosevelt tHe pArk 3 stOry Mixed Use living townHoMes 170 Unit cOndO develOpMent 4 Units On 2.3 acres est. cOMpletiOn 2017

2nd & Mckinley

MUlti-FaMily/cOMMercial 211 Units

union At retAil ineAr pts roosevelt sUMMer 2017 l A

Mixed Use retail & 80 Units 5 stOry apartMent BUilding 3rd st & pierce st MUlti-FaMily develOpMent 104 Units est. cOMpletiOn March 2017 student Housing develOper: ca ventUres

Mckinley row

18 Unit tOwnhOMe prOject roosevelt point est. cOMpletiOn 2017 324 Units

circles on centrAl proxy 333 19 stOry apartMent BUilding tHe Met Mixed Use BUilding 321 Units 140 Units 118 Units with parking strUctUre Asu pHoenix cOnstrUctiOn tO start Mid 2017 An roix illAs s c v & recreatiOnal aMenities BioMedicAl cAMpus 56 Units 750,000 sF hOspital/ 6tH Ave cottAges clinical/ OUt-patient 10 Unit tOwnhOMe prOject potentiAl 350,000 sF M.OB.

300 apartMent Units copper plAce AZ cAncer center

develOper: University OF arizOna nest prOperties & dignity health 30 Units skyline lofts

332 Units

Arriott AltA filMore AriZonA stAte M 200 key planned 230 Units leasing sUMMer 2016 tgen est. cOMpletiOn March 2017 nortHern 168,000 sF OFFice university AriZonA downtown cAMpus university health sciences edUcatiOn BUilding 355 n 5tH Asu HerBerger Avenue scHool of Music university of traMMell crOw est cOMpletiOn 2019 AriZonA +/- 800 Units dOwntOwn phOenix est cOMpletiOn 2020 caMpUs pHoenix centrAl stAtion MercAdo city OF phOenix rFp HAMpton asU dOwntOwn ApitAl lAce 200 rOOMs c p Monroe Hilton 5 stOry Mixed Use gArden inn 140 Units cOMpleted FeBrUary 2016 cOnvert histOric Bldg tO hOtel with 1st FlOOr retail est. cOMpletiOn 2016 luxury ApArtMents

350 Units

luHr’s city center

cOnstrUctiOn OF new hOtel & UndergrOUnd parking

BArrister tHe presidentiAl plAce 4 stOry new cOnstrUctiOn develOper: 90 Units sUnBelt est. cOMpletiOn 2016 114 Units +/- 250,000 sF OFFice

office developMent

develOper: traMMell crOw OFFice +/- 250,000 sF

Mixed use developMent

16 stOry residential tOwer +/- 300 Units OFFice +/- 250,000 sF Fry’s FOOd & drUg +/- 55,000 sF

pHoenix BAllpArk

develOper: granite capital investMents 275 Units OVERVIEW THE URBAN HEART EDUCATION AND INFRASTRUCTURE OF ARIZONA RESEARCH STATS Highways - Interstate 10, g Light Rail Station Loop 202, State Route 51, and Sky Harbor Light Rail Total Units - $4.6 Billion Interstate 17 all International 1.7 square mile redevelopment 12,000 450 within 5 minutes Planned area investments 2005-2014 Students currently Students at University of Downtown Airport Daytime at ASU Downtown of Arizona College of - One of the ten 1,630 Phoenix Campus Medicine by 2015 Planned Residential Employement Metro busiest in the U.S. Total Units - - 10 minutes from Population* Population* Light Rail Downtown In Pre Development one-mile radius: one-mile radius: 15,000 400 - Approx Travel Times: - Phase 1 of Sky Entire 26 miles = Pre Development Students at ASU Number of Students Train connecting t approx. 85 minutes Downtown Phoenix at the Bioscience terminal 4 completed 884 16,242 66,609 - 3.3 million Downtown Campus by 2020 High School (on PBC) in 2013. Total Units - two-mile radius: two-mile radius: onboardings (FY 2016) - Phase 2 to remaining Under Construction - 15.6 million riders terminals finished Under Construction 49,677 116,800 (FY 2016) in 2015. 1,284 30 - 11.5% Increase in Potential 1,794 three-mile radius: three-mile radius: ASU Student Number of acres in ridership 2015 to 2016. Developable Sites housing beds Phoenix Biomedical 95,543 178,282 Campus Chilled water system in * From Central Avenue & Washington Street place for building cooling 6 nearby amenities

H a n c e Pa r k g Light Rail Station r e d e v e lo P m e n t SHOPPING M o R e l a n d st R e e t Light Rail RESTAURANTS, & GRID Bike Hubs

180 ENTERTAINMENT Bike Lanes P o R t l a n d st R e e t

Ro os e v e lt stR e e t Amenities Major Attractions R o o s e v e lt R o w I m p R o v e m e n t Hotels D I s t RI c t 57,500 M c K i n l e y st R e e t Restaurants/Bars P h o e n i x EMPLOYEES B i o m e d i c a l CONCENTRATED IN c a m P u s

DOWNTOWN PHOENIX Fi l l M o R e st R e e t aRizona r i z o n A tAt e

v e n u e A S

a n i v e r S i t y centeR U (D o w n t o w n C A m p US ) a l v e n u e v e n u e v e n u e v e n u e v e n u e v e n u e v e n u e R a a a a a a

d t h t h t h n d R e nt th U n i v e r s i t y s t 6 5 4 3 2 c ABUNDANT 7 1 o f A r i z o n A

PARKING va n B u R e n stR e e t e e t e e t e e t e e t e e t e e t R R R R R R t 19 STRUCTURES t t t t t s s s

s s s v e n u e M o n R o e st R e e t

d a s t n d R

t h t h t h 1 2 3 5 9 11 th

a da M s st R e e t 7

MULTIFAMILY Wa s h i n gto n stR e e t UNITS J e FFe R so n stR e e t WITHIN

16,387 3 MILES M a d i s o n st R e e t

Sta d i u m Jac K s o n st R e e t d i S t r i c t Sources: ASU, UofA, ESRI, Phoenix Metro Light Rail, CoStar, visitphoenix.com 7 the neighbors

Mixed Use developMent

16 Story reSidential tower +/- 300 UnitS office +/- 250,000 fry’S food & drUg +/- 55,000

A r i z o n A s tAt e U n i v e r s i t y (D ow n t ow n C A m p U s ) t A l k i n g s t i C k r e s o r t A r e A h o m e o f t h e p h o e n i x s U n s

p h o e n i x C o n v e n t i o n C e n t e r Light Rail C h A s e f i e l D b i o m e D i CA l h o m e o f t h e C e n t e r A r i z o n A D i A m o n D b AC k s

Light Rail

A r i z o n A s tAt e U n i v e r s i t y U n i v e r s i t y o f (D ow n t ow n C A m p U s ) A r i z o n A (D ow n t ow n C A m p U s )

A r i z o n A s tAt e U n i v e r s i t y p r e pA r At o r y A CAD e m y

8 conceptual programming

CONVENTION ARIZONA STATE UNIVERSITY SHERATON HOTEL DOWNTOWN CAMPUS HOTEL CONVENTION CENTER ASU

FILLMORE STREET

CULTURAL 3RD STREET

BIO-MED RESIDENTIAL

5TH STREET BIO-MEDICALU of A

Rendering by Gensler MAY 2016 ARIZONA CENTER RETAIL REFRESH CONCEPTS PARALLEL CAPITAL PARTNERS

9 conceptual retail refresh

VALET ENTRANCE Renderings by Gensler 10 the ownership

Parallel Capital Partners (“Parallel Capital”) is a private, fully-integrated real estate investment and operating company focused on acquiring value-added and core plus opportunities for our own account in the Western United States and Hawaii. Parallel Capital is the successor to the West coast operating platform of The Shidler Group, one of the nation’s foremost commercial real estate organizations.

Parallel Capital Partners is focused on acquiring value-added and core plus opportunities through select investing in real estate equity, debt, and operating company re-capitalizations whose potential upside can be realized through improvements, restructuring, and superior leasing and management.

The founders of Parallel Capital have demonstrated a superior 25 year track record of creating value in under- performing properties.

The Company’s objective is to maximize the value of the underlying assets, migrate them from “value-added” opportunities to stabilized “core” properties, and to seek enhanced risk-adjusted returns through the optimal pairing of capital.

Parallel Capital’s primary focus is on those long-term growth markets that have 1) high barriers to entry for the development of new commercial buildings; 2) a history of long-term job formation; and 3) a reputation for high quality of life. the real estate team

Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. The firm’s 43,000 employees in more than 60 countries provide deep local and global insights that create significant value for occupiers and investors around the world. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit

The above information has been secured from sources we believe reliable, but we make no representations www.cushmanwakefield.com or follow @CushWake on Twitter. or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. We make no representations or warranties that the premises are free of environmental hazards or that the premises are suitable in all respects to your contemplated use. You should conduct an independent investigation of all pertinent property information. We bear Brent Mallonee Brad Douglass Ryan Leavitt no liability for any errors, inaccuracies or omissions. Senior Director Senior Director Director +1 602 224 4437 +1 602 224 4406 +1 602 224 4489 [email protected] [email protected] [email protected] Sources: ASU, UofA, ESRI, Phoenix Metro Light Rail, CoStar, visitphoenix.com

2555 East Camelback Road, Suite 400 | Phoenix, AZ 85016 | ph: +1 602 954 9000 | fx: +1 602 468 8588 | cushmanwakefield.com