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GREEN BAY PRESS GAZETTE BUILDING ( NYSE GCI) 435 E. Walnut St. Green Bay, Wisconsin 54301

$4,733,000 | Cap: 9.65% | NOI: 456,735 | Rent: $4.88 PSF | NNN (below market) • Iconic building in great location with a low rent and a passive ownership opportunity • Critical use facility operating 24 hours a day, 7 days a week, 365 days per year • Gannett is the largest US publisher by circulation (NYSE: GCI) • 160 Employees at the property and growing • Newsroom, Advertising, and Classifieds occupy officespace • Circulation space used for sorting and distribution of Gannett's regional and national • Green Bay Press Gazette Building is adjacent to City Hall, Brown County Court House, and State of Wisconsin Office Building • Landlord has renovated HVAC System, Roof, Electrical, Office Spaces, and Parking Lots Phone: 212.686.0072 • Additional parking income from Brown County Mobile: 917.741.1525 • Green Bay Press Gazette (www.greenbaypressgazette.com) has solely occupied the building for 96 years [email protected] • Green Bay Press Gazette is a wholly owned subsidiary of Gannett (www.Gannett.com) www.hmx1031.com • Green Bay has exceptional labor force and quality of life • Close proximity to GSA Building to be used for the 2020 US Census (also for sale separately) This information has been obtained from sources deemed reliable; however, HMX Realty Advisors does not guarantee, warranty, or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. Green Bay Press Gazette – Green Bay, WI Investment Overview

PROPERTY OVERVIEW: INVESTMENT SUMMARY HMX Realty Advisors exclusively presents for sale the Green Bay Press Gazette building. Tenant reimburses all operating expense and seller will retain property management, at buyer’s option, for the management fee paid by Price: $4,733,000 tenant. Gannett currently has 161 employees at the property and is in the process of adding more for its dynamic digital and print regional classified advertisement division. Rent Per SF: $4.88 Gannett reaches millions of people every week through a vast portfolio of digital and print products across their Cap Rate: 9.65% extensive family of brands. In addition, ReachLocal is an outstanding digital marketing company focused on helping small and medium-sized businesses grow. Furthermore, according to USA Today, Gannett has 105 NOI: 456,735.17 Publications in the as well as many others in the United Kingdom. Building Square Feet: The property is located next to The City Hall of Green Bay. It is within a block or two of Brown County Office 86,400 sf gross Building, Brown County Courthouse, State of Wisconsin District Office Building and a United States Post Office. The Landlord leases out additional parking spaces to the Brown County employees on a month-to-month basis. The Office Space: 42,219sf Landlord has renovated the subject parking lots in 2018. The property is near 533 East Walnut, which is also for sale ($1,570,165 9.5% Cap). Circulation Space: 40,939sf

In the interior of the Green Bay Press Gazette Building, the office space was renovated with new carpet and paint Common Area: 3,241. sf as well as an improved technology infrastructure. Office Spaces have been upgraded with LED lighting. Total: 86,400.00sf

On the exterior, the Landlord has improved the roof structure with a Centimark roof renovation, tuckpointing the Clear Height: Up to 28 Feet building masonry, and painting of the building. A new 5-year roof warranty from Centimark is in place. Lease Type: Tenant reimburses LINK TO DRONE VIDEO all operating expense and seller will retain property management LEASE SUMMARY: Press-Gazette Media Advertising at buyer’s option for the Rent Commencement: May 1st, 2017 management fee paid by tenant. Lease Expiration Date: April 30, 2024 Current Reimbursable Triple Net Rent before 4% Management Fee: 415,204 ($4.88 psf NNN a below market rent) Properties included in the sale: and Seller will retain all property management for the 4% management fee being paid by the tenant at buyer’s 435 E. Walnut: 1.21 Acres option. 512 Cherry St: .788 Acres Options: Two 3-year options with a 15% rent increase in each option 503 E. Walnut: .1281 Acres Lease Type: 100% Reimbursable triple net 212-214 S. Madison: .4337 Acres

This information has been obtained from sources deemed reliable; however, HMX Realty Advisors does not guarantee, warranty, or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. INVESTMENTOVERVIEW Green Bay Press Gazette – Green Bay, WI Newly Renovated Classifieds Office Space

This information has been obtained from sources deemed reliable; however, HMX Realty Advisors does not guarantee, warranty, or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. PROPERTY PHOTOS Green Bay Press Gazette – Green Bay, WI Tenant

Tenant is Green Bay Press Gazette, a division of Gannett Satellite Information Network, LLC a wholly owned subsidiary of Gannett (NYSE: GCI) https://www.gannett.com/

Gannett Co., Inc. is an innovative, digitally focused media and marketing solutions company with an unmatched reach at and local levels. Gannett touches millions of lives with our Pulitzer-Prize winning content, consumer experiences and benefits, and advertiser products and services. We are committed to the communities in our network and to helping them build relationships with their local businesses.

Our portfolio includes USA TODAY, local media organizations in 46 states in the U.S. and Guam, and , a wholly owned subsidiary with over 140 local media brands operating in the United Kingdom. Gannett also owns the digital marketing service companies ReachLocal, Inc., UpCurve, Inc., and WordStream, Inc. and runs the largest media-owned events business in the U.S., Gannett Ventures, formerly known as GateHouse Live.

Our powerful network of brands and capabilities position us well to ensure and preserve the future of local journalism. We continue to transform our business model to a more agile and dynamic organization for sustaining local journalism, employees, and shareholders.

Gannett is externally managed and advised by an affiliate of Fortress Investment Group LLC, a global investment management firm. This management agreement will terminate at the end of 2021, as a condition of the Gannett merger. Effective November 20, 2019, following the completion of its merger with Gannett, New Media Investment Group, Inc. traded on the New York Stock Exchange under Gannett Co., Inc. and its ticker symbol has changed to “GCI”.

With deep roots in cities and towns across the U.S. and the U.K., our company brings a long-standing history of investing in journalism. Our mission is to make communities stronger. We inform and engage them — as an award-winning, trusted news organization, and as a modern media company pushing the boundaries of what content is, how it’s experienced, and how it’s used. In addition, we share a commitment to supporting local commerce, enabling businesses to connect with customers and to thrive. We will continue to connect people to content that matters, and businesses to the customers that they want to reach.

This information has been obtained from sources deemed reliable; however, HMX Realty Advisors does not guarantee, warranty, or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. TENANT Green Bay Press Gazette – Green Bay, WI Land Included in the Sale

Brown County Offices Green Bay City Hall

Superior Resource Group Inc

WBAY Action 2 Brown County Courthouse News Station

Brown County Offices United States Post Office

St. Francis Xavier Catholic Cathedral

Note all lot lines are approximate. See surveys for details

This information has been obtained from sources deemed reliable; however, HMX Realty Advisors does not guarantee, warranty, or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. LAND INCLUDED INSALE Green Bay Press Gazette – Green Bay, WI Tenant

Gannett Company, Inc. operates as a media and marketing solutions company. The company operates through Publishing and ReachLocal segments. Gannett offers print and digital daily and non-daily publications under the USA TODAY NETWORK brand name in the United States; and Newsquest, which has print and online publications portfolio of approximately 170 news brands and 80 magazines in the United Kingdom. Gannett Co., Inc. operations comprise 130 daily publications and digital platforms in the United States and the United Kingdom; 435 non-daily publications in the United States; and 159 of such titles are also in the United Kingdom. It also provides commercial printing, distribution, marketing, and data services; and owns Exchange & Mart businesses, and a specialist magazine business. In addition, the company offers digital marketing solutions comprising ReachSearch, ReachDisplay, ReachSocial Ads, and ReachRetargeting digital advertising solutions; ReachSite+ReachEdge, ReachSEO, ReachCast, ReachListings, and TotalLiveChat Web presence solutions; and ReachEdge, a marketing automation platform, as well as Kickserv, a cloud-based business management software for service businesses. The company offers its suite of products and solutions to local businesses through its proprietary technology platform, its sales force, and third-party agencies and resellers. It also operates in Canada, Australia, New Zealand, Japan, Germany, Austria, Brazil, and Mexico. Gannett Co., Inc. was incorporated in 2014 and is headquartered in McLean, Virginia. Some of its publications and digital platformsinclude:

NATIONAL WISCONSIN MICHIGAN PENNSYLVANIA •USA TODAY •The Post-Crescent, Appleton • •Chambersburg Public Opinion •USA TODAY High School Sports •, Fond du Lac • •Hanover Evening Sun •MMAjunkie.com •Green Bay Press-Gazette •Lansing State Journal • •thebiglead.com •Herald Times Reporter,Manitowoc •Daily Press & Argus, Livingston County •York •thehuddle.com •Marshfield News Herald •Times Herald, PortHuron MISSISSIPPI •hoopshype.com •Milwaukee Journal Sentinel •Michigan.com •Hattiesburg American •BNQT •Oshkosh Northwestern •The Clarion-Ledger •baseballhq.com •The SheboyganPress •Media Network of CentralOhio •boxingjunkie.com •Stevens PointJournal •Telegraph-Forum, Bucyrus •ftw.usatoday.com •Wausau Daily Herald •Chillicothe Gazette Mountain Home •sportswire.usatoday.com •The Daily Tribune, Wisconsin Rapids •.com •spanningthesec.com .com MISSOURI •Great Falls Tribune •The News-Messenger, Fremont •10Best.com •Springfield News-Leader,Springfield INDIANA •Lancaster Eagle-Gazette •USA TODAY Sports Images Evansville Courier & Press MINNESOTA • •Gannett Imaging and Ad Design IndyStar.com, Indianapolis •St. Cloud Times •The Marion Star Center JCOnline.com, Lafayette IOWA •The Advocate, Newark •Gannett Publishing Services Press, Muncie •News Herald, PortClinton Palladium-Item, Richmond Iowa City Press-Citizen •, Zanesville This information has been obtained from sources deemed reliable; however, HMX Realty Advisors does not guarantee, warranty, or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. TENANT Green Bay Press Gazette – Green Bay, WI Property Photos

This information has been obtained from sources deemed reliable; however, HMX Realty Advisors does not guarantee, warranty, or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. PROPERTY PHOTOS Green Bay Press Gazette – Green Bay, WI Newly Renovated Classifieds Office Space

This information has been obtained from sources deemed reliable; however, HMX Realty Advisors does not guarantee, warranty, or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. PROPERTY PHOTOS Green Bay Press-Gazette – Green Bay, WI Economy Overview from CoStar

To much of the U.S., this metro is generally associated with the National Football League. While the Green Bay Packers certainly do help drive part of the economy here, the manufacturing industry that inspired their name maintains a strong presence. The manufacturing job sector accounts for about 32,000 of the metro's 184,000 total jobs, second behind the trade, transportation, and utilities sectors.

Many of those manufacturing jobs stem from companies that operate paper plants in the area, such as Georgia-Pacific, Procter & Gamble, and the local Green Bay Packaging company. In mid-2018, Green Bay Packaging broke ground on a new $500 million paper mill. The new mill, scheduled to open in early 2021, will replace the aging 71-year-old facility, while preserving existing jobs, and potentially adding up to 200 jobs over the next few years. KK Integrated Logistics is also providing jobs by looking to expand in 2020. The company captured one of the largest single blocks of vacant space in the metro's recent history when it purchased the nearly 500,000-SF former Shopko Distribution Center in December, 2019.

Associated Bank and Nicolet National Bank have downtown headquarters. The two banks have made several recent acquisitions, as they increase their footprints across the state. Further, Schneider National, Inc., a national trucking company, calls the metro home, as do Brown County's two largest private employers: healthcare system, Bellin Health, and health insurance firm, Humana.

The unemployment rate in the Green Bay metro has generally stayed below the national average since the start of this expansion and has been below 3% since late 2017. With a slight but steadily growing population base and a fairly diverse and healthy economy, many job sectors have experienced solid growth. Development is also on the rise in the area, with several mixed-use development districts under construction. Titletown District, the most notable development underway, is a $130 million mixed-use development, bringing apartments, townhomes, retail, Class A office spaces, and a luxury hotel to a 45-acre site adjacent to Lambeau Field. The project, which is radically transforming northern Ashwaubenon, follows that of various developments across the country that aim to urbanize and activate arena districts year-round.

This information has been obtained from sources deemed reliable; however, HMX Realty Advisors does not guarantee, warranty, or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. MARKET OVERVIEW Green Bay Press Gazette – Green Bay, WI Parking Plan

Note that 10 spaces on the Blue Lot will be reserved for and leased by 533 East Walnut Street, which is not included in the sale.

This information has been obtained from sources deemed reliable; however, HMX Realty Advisors does not guarantee, warranty, or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. PARKING PLAN Green Bay Press-Gazette – Green Bay, WI Office Market Overview from CoStar

Overall, rent growth has been fairly flat and weakest in the 1 & 2-Star segment. Rent growth has been strongest in the 4 & 5-Star segment recently, as rent growth averaged more than 4% over the past three quarters. This trend is not only evident in rent growth, but absorption as well, where a flight to quality is evident. Lack of growth among 1 & 2-Star assets have dragged down the metro's overall average rent growth since the inventory of those properties account for more than half of the total market inventory. Rents are highly bifurcated by property class, with 4 & 5-Star market average rents of $29.00 nearly doubling those of their 1 & 2-Star counterparts, which come in at roughly $13.80. Should the rent spread between 1, 2, & 3-Star properties narrow, that should continue to push additional demand toward newer and higher-quality space. For many office-using tenants, having quality space is essential in Investment volume fell in 2019, as the market registered below $16 million in total recruiting and retaining employees. With sales volume for the first time in nearly 10 years. Despite recording a similar quantity a very tight labor market, it makes sense of transactions in both 2018 and 2019, 2018 benefited from the sale of two 4 Star to upgrade to better space, as costs are properties, which accounted for half of the $26 million traded that year. Given the low high to replace employees. volume of 4 & 5-Star properties within the market, these trade less frequently and often at premiums compared to the market average of $100 per square foot.

This information has been obtained from sources deemed reliable; however, HMX Realty Advisors does not guarantee, warranty, or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. MARKET OVERVIEW Green Bay Press Gazette – Green Bay, WI Area Map

WPS Resources Corporation

Clinic

Ferguson Family State of Wisconsin District Office Building

Green Bay Brown County Offices

Brown County Offices

Green Bay City Hall

This information has been obtained from sources deemed reliable; however, HMX Realty Advisors does not guarantee, warranty, or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. AREA MAP GreenGreen BayBay PressPress- GazetteGazette –– GreenGreen Bay,Bay, WIWI OfficeOffice MarketMarket OverviewOverview fromfrom CoStarCoStar

According to CoStar, increased demand in Green Bay's office market has led to impressive vacancy compression. From 2013 to 2019, the vacancy rate more than halved, dropping 670 basis points during that time period. However, the market saw a significant vacancy shock in late 2019 with the closure of Shopko's 218,000 square foot headquarters located in the Green Bay submarket. New supply has been limited, with few developments delivered over the last several years. New developments in the Titletown District are looking to change that, as a record amount of inventory is currently under construction.

Rent growth in the market has been relatively flat over the course of this cycle and has trailed the national growth average for several years. Recent gains in the 4 & 5-Star sector helped push rent growth over 2% in 2019; however, growth has been limited in 2020 due to the Coronavirus pandemic. Meanwhile, investment volume in the market hit a cycle low in 2019, recording less than $16 million in total sales volume for the first time since 2011.

Leasing demand has been strong during this cycle, bringing the vacancy rate down to 5.5% in 2019 from a high of 12.2% in 2013. However, demand tapered off over the last few quarters as vacancies compressed to record lows.

This information has been obtained from sources deemed reliable; however, HMX Realty Advisors does not guarantee, warranty, or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. MARKET OVERVIEW Green Bay Press Gazette – Green Bay, WI Newly Renovated Classifieds Office Space

This information has been obtained from sources deemed reliable; however, HMX Realty Advisors does not guarantee, warranty, or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. PROPERTY PHOTOS (subject property is leased at $4.66 psf NNN and is for sale at $66.28 psf.) MarketGreen BayLease Press Comps Gazette – Green Bay, WI Market Lease Comps (subject property is leased at $4.96 psf NNN and is for sale at $66.28 psf.)

This information has been obtained from sources deemed reliable; however, HMX Realty Advisors does not guarantee, warranty, or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. MARKET LEASE COMPS Green Bay Press Gazette – Green Bay, WI Lease Comparables

This information has been obtained from sources deemed reliable; however, HMX Realty Advisors does not guarantee, warranty, or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. MARKET LEASE COMPS Green Bay Press Gazette – Green Bay, WI Street View

This information has been obtained from sources deemed reliable; however, HMX Realty Advisors does not guarantee, warranty, or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. AERIAL VIEW Green Bay Press Gazette – Green Bay, Four Parking Lots included in the sale

The main building was constructed in 1930, with several additions since then and holds the newspaper news group, newsroom, advertising, and classifieds. The building is three stories with a basement. The flex industrial space has 28-foot clear heights and was built in 1968. The property is located on 1.58 acres of land; however, the sale includes several additional parcels which are 503 E. Walnut Street, 212-214 South Madison Street as well as 435 East Walnut Street.

This information has been obtained from sources deemed reliable; however, HMX Realty Advisors does not guarantee, warranty, or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. IMPROVEMENTS Green Bay Press Gazette – Green Bay, WI Street View

This information has been obtained from sources deemed reliable; however, HMX Realty Advisors does not guarantee, warranty, or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. AERIAL VIEW Green Bay Press Gazette – Green Bay, WI Aerial View

This information has been obtained from sources deemed reliable; however, HMX Realty Advisors does not guarantee, warranty, or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. AERIAL VIEW Green Bay Press Gazette – Green Bay, WI Signage Photos

This information has been obtained from sources deemed reliable; however, HMX Realty Advisors does not guarantee, warranty, or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. PROPERTY PHOTOS Green Bay Press Gazette – Green Bay, WI First and Mezzanine Floor Plans

This information has been obtained from sources deemed reliable; however, HMX Realty Advisors does not guarantee, warranty, or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. FLOOR PLAN Green Bay Press Gazette – Green Bay, WI Second Floor Plan

This information has been obtained from sources deemed reliable; however, HMX Realty Advisors does not guarantee, warranty, or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. FLOOR PLAN Green Bay Press Gazette – Green Bay, WI Third Floor Plan

This information has been obtained from sources deemed reliable; however, HMX Realty Advisors does not guarantee, warranty, or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. FLOOR PLAN Green Bay Press Gazette – Green Bay, WI Lower Floor Plan

This information has been obtained from sources deemed reliable; however, HMX Realty Advisors does not guarantee, warranty, or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. FLOOR PLAN Green Bay Press Gazette – Green Bay, WI Survey: Note parcel 5 is not included in the sale and 10 parking spaces will be reserved from parcel 4 for the benefit of parcel 5

This information has been obtained from sources deemed reliable; however, HMX Realty Advisors does not guarantee, warranty, or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. SURVEY Green Bay Press Gazette – Green Bay, WI Survey: Parcel 3 is included in the sale

This information has been obtained from sources deemed reliable; however, HMX Realty Advisors does not guarantee, warranty, or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. SURVEY Green Bay Press Gazette – Green Bay, WI Property and Area Photos

This information has been obtained from sources deemed reliable; however, HMX Realty Advisors does not guarantee, warranty, or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. PROPERTY AND AREA PHOTOS Green Bay Press Gazette – Green Bay, WI Building information

The Green Bay Press Gazette, a merger of two earlier papers, began production in 1915. In 1924, the company built the present structure at 435 East Walnut Street, where a third story was added in 1954. The newspaper production facility was added in 1969 and is currently used for circulation. The printing activities have been moved off-site; but, the Tenant uses this space for sorting its papers and distributing them. It was constructed of reinforced concrete and has a number of decorative features. This historic three- story building has Terra Cotta on three of the visible sides.

This information has been obtained from sources deemed reliable; however, HMX Realty Advisors does not guarantee, warranty, or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. MARKET OVERVIEW Green Bay Press Gazette – Green Bay, WI Aerial View

This information has been obtained from sources deemed reliable; however, HMX Realty Advisors does not guarantee, warranty, or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. AERIAL VIEW Green Bay Press Gazette – Green Bay, WI Property Photos

This information has been obtained from sources deemed reliable; however, HMX Realty Advisors does not guarantee, warranty, or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. PROPERTY PHOTOS Green Bay Press Gazette – Green Bay, WI Market Overview

Green Bay is the flagship city and economic hub of northern Wisconsin. The population continues to increase, along with the percentage of residents with a college degree. Companies with headquarters here include Schneider National, a logistics and trucking company, which hauls 19,318 loads per day, employs 11,650 company drivers, 10,120 company trucks and has 33,830 trailers on the road. The company has 166 facilities worldwide and customers include more than two-thirds of FORTUNE 500 companies. Also headquartered in Green Bay is Schreiber Foods Inc., an employee-owned company with more than $5 Billion in annual sales. Forbes ranked Schreiber Foods as the 81st largest private employer in 2016. The city has a strategic location on Lake Michigan, with four large paper mills, three pulp mills and four paper- converting companies that are located in the county. Green Bay is also the largest cheese processing, concentrating, and shipping city in the U.S. The Port of Green Bay is an international port for domestic and foreign trade. Ocean vessels also call at the Port of Green Bay on a regular basis. The marine tonnage entering the harbor has annually averaged more than 143 ships and 1,637,776 tons per year.

This information has been obtained from sources deemed reliable; however, HMX Realty Advisors does not guarantee, warranty, or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. MARKET OVERVIEW Green Bay Press Gazette – Green Bay, WI Green Bay Packers

This information has been obtained from sources deemed reliable; however, HMX Realty Advisors does not guarantee, warranty, or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. GREEN BAYPACKERS Green Bay Press Gazette – Green Bay, WI Property Photos

This information has been obtained from sources deemed reliable; however, HMX Realty Advisors does not guarantee, warranty, or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. PROPERTY PHOTOS Green Bay Press Gazette – Green Bay, WI Green Bay Packers

The Green Bay Packers compete in the National Football League (NFL) as a member club of the league's National Football Conference (NFC) North division. It is the third-oldest franchise in the NFL, dating back to 1919. The Packers are the only non-profit, community-owned major league professional sports team based in the United States, where home games have been played at Lambeau Field since 1957. Forbes ranked the Packers as the world's 26th most valuable sports franchise in 2016, at $2.35 billion. The Packers have won 13 league championships, the most in NFL history, in addition to nine pre-Super Bowl NFL titles and four Super Bowl victories. The Packers won the first two Super Bowls in 1967 and 1968 and were the only NFL team to defeat the American Football League (AFL) prior to the AFL–NFL merger. The Vince Lombardi Trophy is named after the Packers' coach Vince Lombardi, who guided them to their first two Super Bowls titles. Their two additional Super Bowl wins came in the 1996 and 2010 seasons.

Expanded seven times before the end of the 1990s, Lambeau Field capacity reached 60,890. In 2003, it was extensively renovated to expand seating, modernize stadium facilities, and add an atrium area. Even with a current seating capacity of 72,928, ticket demand far outpaces supply, as all Packers games have been sold out since 1960. Currently, about 86,000 names are on the waiting list for season tickets.

This information has been obtained from sources deemed reliable; however, HMX Realty Advisors does not guarantee, warranty, or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. GREEN BAYPACKERS Green Bay Press Gazette – Green Bay, WI Aerial Photos of the Surrounding Area

This information has been obtained from sources deemed reliable; however, HMX Realty Advisors does not guarantee, warranty, or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. PROPERTY PHOTOS Green Bay Press-Gazette – Green Bay, WI Market Overview

June 29, 2018 GREEN BAY – Foxconn, the Taiwanese technology company, is building a sprawling $10 billion manufacturing plant in southeastern Wisconsin and will become the new owner of The Watermark building in downtown Green Bay at 301 N. Washington St., which is approximately five blocks from the subject property.

Foxconn plans to open an Innovation Center in the building by the end of the year. It will be part of a network supporting its $10 billion Racine County Manufacturing Plant. More than 200 people are expected to work at the Green Bay location.

Foxconn said the Green Bay center will focus on developing applications for the AI 8K+5G display technology it is developing, as well as applications for the education, medical, health care, entertainment, sports, and security industries.

Foxconn’s plan stems from its desire to develop talent and innovation in northeastern Wisconsin. The company’s presence in the region will also help it work with suppliers throughout the state. Northeastern Wisconsin has been recasting itself as a technology-friendly region; so, this announcement is welcomed, said Jerry Murphy, executive director of NEW North, Inc. "You can't just say you're that," Murphy said. "You have to prove it. This provides affirmation that a technology-based economy can grow here and can thrive here." Murphy pointed to some of -supporting efforts in Brown County, including University of Wisconsin-Green Bay's Engineering Technology Program, TitletownTech being developed by Microsoft Corp, the Green Bay Packers, NEW Educational Resource Alliance, and more.

The company's $10 billion Foxconn Project in Mount Pleasant will turn out high-resolution flat screens. The plant is the start of what the company expects will become a much larger high-tech manufacturing campus. The deal for Watermark includes no incentives, say Green Bay Mayor, Jim Schmitt, and CEO of Wisconsin Economic Development Corp, Mark Hogan.

"We are re-creating northeastern Wisconsin, transforming to the next technology-base economy," said Brown County Executive Troy Streckenbach.

The move will have a micro-level impact as well, adding 200 well-paid employees who will work, eat, and possibly live in downtown Green Bay.

"It's massive momentum," said Jeff Mirkes, executive director of Downtown Green Bay Inc. "It will help everyone. What will be very motivating is the type of jobs that will be here. We think there is a lot of residential opportunity as well."

Foxconn will expand its Wisconn Valley Innovation Network to Green Bay as part of an initiative to foster and attract talent and connect with supply chain partners throughout Wisconsin.

This information has been obtained from sources deemed reliable; however, HMX Realty Advisors does not guarantee, warranty, or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. MARKET OVERVIEW Green Bay Press Gazette – Green Bay, WI Disclaimer

Although the information contained herein is based upon sources believed to be reasonably reliable, Green Bay Business Center III, LLC and/or affiliates on their own behalf and on behalf of their respective officers, employees, shareholders, partners, directors, members and affiliates, disclaims any responsibility or liability for inaccuracies, representations and warranties (expressed or implied) contained in, or omitted from, the Financial Information or any other written or oral communication or information transmitted or made available to the recipient of the Financial Information.

This information has been obtained from sources deemed reliable; however, HMX Realty Advisors does not guarantee, warranty or represent its accuracy.

It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.

This information has been obtained from sources deemed reliable; however, HMX Realty Advisors does not guarantee, warranty, or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. Green Bay Press-Gazette – Green Bay, WI Demographic Data

2018 Summary 1 Mile 3 Miles 5 Miles Population 14,355 80,787 151,120 Households 5,743 34,329 63,133 Families 2,675 18,450 36,290 Average Household Size 2.42 2.32 2.33 Contact Us Owner Occupied Housing Units 1,921 18,332 35,783 HMX Realty Advisors Renter Occupied Housing Units 3,822 15,997 27,350 52 VanderbiltAve Median Age 31.9 35.5 36.7 Suite #2014 New York, NY 10017 Median Household Income $33,534 $41,610 $48,924 www.hmx1031.com Average Household Income $49,361 $55,549 $65,695 Our Team 2023 Summary 1 Mile 3 Miles 5 Miles Population 14,733 82,882 155,420 Robert P. James Households 5,930 35,266 65,073 President Phone:212-686-0072 Families 2,713 18,753 37,067 Email: [email protected] Average Household Size 2.41 2.32 2.32 Owner Occupied Housing Units 2,049 19,235 37,661 Daniel de Sa‘ Renter Occupied Housing Units 3,881 16,030 27,412 Director of Sales Median Age 32.3 36.2 37.3 Phone: (212) 972-3947 E-mail: [email protected] Median Household Income $35,392 $44,075 $51,797 Average Household Income $54,421 $61,606 $73,328

Trends: 2018-2023 Annual Rate 1 Mile 3 Miles 5 Miles Population 0.52% 0.51% 0.56% Households 0.64% 0.54% 0.61% Families 0.28% 0.33% 0.42% Owner Households 1.30% 0.97% 1.03% Median Household Income 1.08% 1.16% 1.15%

This information has been obtained from sources deemed reliable; however, HMX Realty Advisors does not guarantee, warranty, or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. DEMOGRAPHICDATA