TWO CLASS A OFFICE BUILDINGS IN MIDTOWN ’S INNOVATION DISTRICT 100% LEASED LONG-TERM TO AT&T

MIDTOWN ONE AND TWO

754 & 725 WEST PEACHTREE STREET ATLANTA,

Executive Summary 285 285 23 41 19 85

19

41 23 285 141

407 85 285 19 13

29 75 78 6 78 78 41 278 MIDTOWN19 13 278 ONE & TWO 23 29 278 MIDTOWN TWO 280 PARKING 285 70 6 ATLANTA 23 29 278 20 20 278 285 280

20

20 MIDTOWN ONE 280 6 407 278 70 85

42 23 29 19 20 278

6 20 166

294 Luxury residential units 166 285 (Under Construction) 155 Not included in offering 70 75

29 85

6 19 23

139 19 29 285 Hartsfield - Jackson Atlanta International Airport

85 407

2 Midtown One and Two Midtown

PARKING

MIDTOWN TWO

MIDTOWN ONE CORE INVESTMENT HIGHLIGHTS

• Best-in-class, trophy quality, 794,110 RSF in two office buildings and a 2,459 space parking structure constructed in 2001 and 2002.

• 100% leased to AT&T as part of its regional headquarters in Atlanta

• Investment grade tenant with a market cap in excess of $174 billion

• Triple-net lease structure with annual rent escalations.

• Outstanding amenity base provided by its position within the “Midtown Mile,” home of the most dense concentration of cultural and retail amenities in all of Atlanta, as well as 4,100 hotel rooms and and a booming high-rise residential market. 3 • Adjacent to the North Avenue MARTA rail transit station. Executive Summary • Outstanding accessibility provided by proximity to the Downtown Connector (I-85/I-75), which is accessible in less than 3 minutes. Ponce De Leon Avenue and North Avenue are the main east-west surface streets in central Atlanta and are three and four blocks away, respectively.

• Conveniently located 12 miles from Hartsfield Jackson International Airport (less than 20 minute driving time), the nearest of any of AT&T’s area locations. MARTA rail service to the airport terminal is a direct, no-transfer trip on both red and yellow lines.

• In-place rents below market and drastically below the rental rate required to justify new construction (estimated to be $28 per square foot NNN)

• Discount to replacement cost (estimated to be $375+ per square foot)

ASSET PROFILE

Address 754 Peachtree Street & 725 West Peachtree Street Atlanta, Georgia 30308 Rentable Area Midtown One 512,101 RSF (*includes 13,257 of retail space master leased by AT&T that is physically located in the parking structure) Midtown Two 282,009 RSF Total 794,110 RSF Year Built 2001 (Midtown One) / 2002 (Midtown Two) Stories 16 (Midtown One) / 8 (Midtown Two) Floor Area ± 32,000 SF (Midtown One) / ± 35,000 SF (Midtown Two) Site Acreage 1.86 Acres (Midtown One) / 2.26 Acres (Midtown Two) / 3.10 Acres (Garage) Zoning: C4 / SP12 / C4 % Leased 100% to AT&T Parking Ratio 3.1/1,000 SF (2,459 stalls) in a 9-level above-grade garage On-Site Amenities Conference and training center, restaurants, coffee shop, fitness center with locker rooms MIDTOWN ONE AND TWO ATLANTA, GEORGIA

HFF, L.P., as exclusive representative for the Owner, is pleased to present this offering for the leased fee interest in Midtown One and Two (the “Property”), 794,110 rentable square feet in two office buildings and a 2,459 space adjacent parking garage. The Property is 100% leased on a triple-net basis to AT&T (NYSE: T), a global leader in the communications industry. The property was developed as a build-to-suit for BellSouth prior to its 2006 merger with AT&T and reflects its corporate identity within a property also suited for multi-tenant occupancy.

Situated in the heart of , the Property enjoys a highly visible and accessible location, convenient to all major surface arteries and the Downtown Connector with presence and frontage on both West Peachtree and Peachtree Streets. The North Avenue MARTA station is adjacent to the property, and the property abuts the Georgia Institute of Technology’s growth eastward across the Downtown Connector at Fifth Street. The factors that attracted AT&T to the site have since attracted other major corporate users 4 such as NCR Corp to recently announce plans to develop a 1.5 million square foot corporate headquarters campus nearby, employing 4,000.

Atlanta boasts a diverse and resilient economy and the resurgence is evident in the recent employment growth that has outpaced the nation with 115,000 new jobs added over the past two years and over 72,000 jobs projected to be added in the upcoming year. This growth has had a direct and positive effect on Atlanta office market fundamentals and is

Midtown One and Two Midtown also evident in the 7.6 million sf of Class A net absorption over the past 12 quarters, thirty percent of which has occurred in the urban core submarkets of Midtown and .

This core investment represents a superb opportunity to purchase one of the most well positioned office campuses in Atlanta both for its long- term stable cash flow from a credit tenant and for its long-term market position. It appeals to tenants for whom proximity to the Georgia Institute of Technology in the heart of Midtown’s innovation district is of vital importance. Midtown One and Two are poised to benefit from both a high probability of tenant retention and a current rental rate structure that is well below current and projected future market rental rates.

Atlanta Austin Boston Charlotte INVESTMENT SALES Chicago Denver Ralph Smalley Coler Yoakam Managing Director Dallas Managing Director 404.942.2214 469.232.1982 Florham Park (NJ) [email protected] [email protected] Hartford John Jugl Kelly Kuykendall Houston Senior Managing Director Associate Director 303.515.8018 Indianapolis 404.942.2220 [email protected] [email protected] Los Angeles Michael George Miami Real Estate Analyst New York 469.232.1906 Orange County (CA) [email protected] Orlando FINANCING Philadelphia

Pittsburgh Mark West Brandon Chavoya Portland (OR) Senior Managing Director Managing Director 469.232.1974 469.232.1967 San Diego [email protected] [email protected] San Francisco Tampa Washington, DC ©2015 HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter at twitter.com/hff.

HFF has been engaged by the owner of the property [properties] to market it [them] for sale. Information concerning the property [properties] described herein has been obtained from sources other than HFF and we make no representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all references to age, square footage, income, expenses and any other property specific information are approximate. Any opinions,assumptions, or estimates contained herein are projections only and used for illustrative purposes and may 3424 Peachtree Road, Suite 1750 be based on assumptions or due diligence criteria different from that used by a buyer. Buyers should conduct their own Atlanta GA, 30326 independent investigation and rely on those results. The information contained herein is subject to change.