Atlanta Spring 2020 Office Development Pipeline

ATLANTA SPRING 2020 OFFICE DEVELOPMENT PIPELINE

16 Buildings over 100,000 SF Under Construction

5.3 M SF Under Construction

2.8 M SF of Current Development Available

48% Under Construction Leased Lee & Associates | Atlanta Office Development Pipeline | Spring 2020

LARGEST OFFICE UNDER CONSTRUCTION

NORFOLK SOUTHERN HQ 1105 WP MIDTOWN UNION 650 W Peachtree St 1105 W Peachtree St 1331 Spring St NW 750,000 SF 664,184 SF 609,110 SF

UNDER CONSTRUCTION

BTS/ Project Name & Rentable Direct Available Percent Est. # Developer SPEC Location Bldg. Area Space Leased Completion

One Phipps Plaza 1 SPEC Simon Property 340,000 SF 340,000 SF 0% Q1 - 2021 Buckhead 1 Phipps Plaza Group Inc.

Park Center II Bldg 3 - State Farm KDC Real Estate 2 BTS 429,200 SF - 100% Q1 - 2021 Central P 240 Perimeter Center Pkwy NE Development & Investments

Anthem 3 BTS Portman Holdings, LLC 310,000 SF - 100% Q1 - 2021 712 W Peachtree St

Star Metals Offices 4 SPEC Allen Morris Company 267,000 SF 210,880 SF 21% Q1 - 2021 1055 Howell Mill Rd

8 West 5 SPEC Atlantic Capital Properties 205,000 SF 182,500 SF 11% Q3 - 2020 889 Howell Mill Rd

Atlantic Yards North 6 SPEC Hines 156,541 SF 156,541 SF 0% Q2 - 2020 170 17th St NW

Atlantic Yards South 7 SPEC Hines 366,970 SF 366,970 SF 0% Q2 - 2020 200 17th St NW

The Interlock 8 SPEC SJ Collins Enterprises 290,000 SF 106,917 SF 63% Q2 - 2020 1115 Howell Mill Rd NW Midtown 1105 WP 9 SPEC Selig Enterprises 664,184 SF 395,823 SF 40% Q2 - 2021 1105 W Peachtree St

Norfolk Southern HQ 10 BTS Cousins Properties 750,000 SF - 100% Q3 - 2021 650 W Peachtree St

400 Bishop 11 SPEC TrackWest Partners 130,900 SF 130,900 SF 0% Q4 - 2020 400 Bishop St NW

Midtown Union 12 SPEC Granite Properties c 286,566 SF 53% Q4 - 2021 1331 Spring St NW

The Campanile Building Expansions SPEC 13 1155 Peachtree St NE Dewberry Group 162,082 SF 162,082 SF 0% Q4 - 2020

500 Colony Square 14 SPEC North American Properties 139,185 SF 139,185 SF 0% Q2 - 2021 1220 Peachtree St

The Battery 15 SPEC Braves Development Co. 332,486 SF 147,962 SF 63% Q4 - 2020 3 Battery Ave Northwest The Edison Chastain 16 SPEC TPA Group 152,612 SF 152,612 SF 0% Q2 - 2020 3054 Chastain Meadows Pkwy

Totals 5,305,270 SF 2,778,938 SF 48% Lee & Associates | Atlanta Office Development Pipeline | Spring 2020

UNDER CONSTRUCTION MAP

16 400

1 11

12 6 7 14

13 8 9 4

Average Speculative Total Available Existing Office Building Size Average Asking Rate Speculative SF Inventory 273,005 SF $41.64 PSF 2,438,938 SF 224,746,361 SF

The Lee & Associates Atlanta Office Development Pipeline compiles market data by using a third-party database for the proprietary analysis of over 15,000 office properties in the Atlanta Metropolitan Area. Information contained herein is deemed to be accurate, but is not guaranteed. © Copyright 2020 Lee & Associates Atlanta. All rights reserved. Delivered Projects 2020 YTD Rentable Bldg. Direct Percent # Project Name Address Completion Area (SF) Available SF Leased Park Center Phase II (Bldg 2) 240 Perimeter Center Pky NE 1 670,000 - 100% Q1 - 2020 Central State Farm Perimeter 2 Twelve24 1224 Hammond Drive 335,000 92,946 72% Q1 - 2020 Midtown 3 Anthem 740 W Peachtree St 352,000 - 100% Q1 - 2020 North 4 10000 Avalon 10000 Avalon Blvd 249,579 77,432 69% Q1 - 2020 Fulton 5 1 Edison 1 Edison Drive 107,991 7,081 93% Q1 - 2020 Totals 1,714,570 177,459

Atlanta Development Current Development 2020 YTD Completed Development

total projects under construction buildings completed in 2020 YTD 16 over 100,000 SF 5

SF of current development SF available 2.8 M available 177 K

48% of current development is leased

ABOUT LEE & ASSOCIATES

INTERNATIONAL ORGANIZATION, LOCAL OWNERSHIP Established in 1979, Lee & Associates has expanded across the nation and North America with offices that are individually owned by the shareholders $15+ 176% BILLION INCREASE of that office, thus encouraging an entrepreneurial spirit and allowing more Transaction Volume in Transaction Volume freedom and creativity to make real estate transactions work. (2019) over the past 5 years

EXPLOSIVE GROWTH Since its inception there has been an explosive growth of Lee & Associates 1,300+ 600+ offices throughout the country and now in Vancouver, British Columbia, making PROFESSIONALS SHAREHOLDERS it one of the largest and fastest growing commercial real estate organizations And Growing in North America.

Lee & Associates - Atlanta 3500 Lenox Road, Suite 1600 | Atlanta, GA 30082 | 404.442.2810 | lee-associates.com/atlanta