2210 N. COIT ROAD Richardson, TEXAS 75080

v FOR SALE BANK OF AMERICA – 2210 N. COIT ROAD Richardson, TEXAS 75080

Property Information • 5.5% CAP RATE • $2,250,000 • Ground Lease (Fee Interest)

Rudy Blankenship Senior Director Lic. #00515550 +1 559 433 3525 [email protected]

9 River Park Place E Suite 101 Fresno, CA 93720 phone: +1 559 433 3500

paccra.com

Real Property Photo Listed in association with Cushman & Wakefield, Dallas Texas

Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance PACCOM Realty Advisors, Inc., Copyright 2016. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. v FOR SALE BANK OF AMERICA – 2210 N. COIT ROAD Richardson, TEXAS 75080

AGENDA

CONFIDENTIALITY AGREEMENT Pg. 2 DEMOGRAPHICS Pg. 8

BROKERAGE SERVICES Pg. 3 PHOTOS • Texas Law Requirements • Bank of America (Real property photos) Pg. 9

EXECUTIVE SUMMARY Pg. 4 • Surrounding Retailers Pg. 10 - 12 • Offering Summary • Bank of America Lease Abstract DALLAS • Site Description • Overview & History Pg. 13 • Geography, Central & East Dallas Pg. 14 BANK OF AMERICA TENANT OVERVIEW Pg. 5 AERIALS • North Dallas, Architecture, Economy Pg. 15 - 16 • Map of Dallas & Site Location Pg. 6 BROKER BIOGRAPHY Pg. 17 • Birds Eye Site Location & Immediate Area Amenities Pg. 7

CONFIDENTIALITY AGREEMENT

This is a confidential Memorandum intended solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the property located at 2210 N. Coit Road, Dallas County, Richardson, TX 75080 (“Property”).

This Memorandum contains selected information pertaining to the Property and does not purport to be a representation of the state of affairs of the Owner or the Property, to be all-inclusive or to contain all or part of the information which prospective investors may require to evaluate a purchase of real property. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition and other factors beyond the control of the Owner and Cushman & Wakefield | Pacific Commercial Realty Advisors. Therefore, all projections, assumptions and other information provided and made herein are subject to material variation. All references to acreages, square footages, and other measurements are approximations. Additional information and an opportunity to inspect the Property will be made available to interested and qualified prospective purchasers. Neither the Owner or Cushman & Wakefield | Pacific Commercial Realty Advisors, nor any of their respective directors, officers, affiliates or representatives are any representation or warranty, expressed or implied, as to the accuracy or completeness of this Memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this Memorandum or use of its contents; and you are to rely solely on your investigations and inspections of the Property in evaluation a possible purchase of the real property.

The Owner expressly reserved the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions with any entity at any time with or without notice which may arise as a result of review of this Memorandum. The Owner shall have no legal commitment or obligation to any entity reviewing this Memorandum or making an offer to purchase the Property unless and until written agreement(s) for the purchase of the Property have been fully executed, delivered and approved by the Owner and any conditions to the Owner’s obligations therein have been satisfied or waived.

By receipt of this Memorandum, you agree that this Memorandum and its contents are of a confident nature, that you will hold and treat it in the strictest confidence and that you will not disclose this Memorandum or any of its contents to any other entity without the prior written authorization of the Owner or Cushman & Wakefield | Pacific Commercial Realty Advisors. You also agree that you will not sue this Memorandum or any of its contents in any manner detrimental to the interest of the Owner or Cushman & Wakefield | Pacific Commercial Realty Advisors.

In this Memorandum, certain documents, including leases and other materials, are described in summary form. These summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced. Interested parties are expected to review all such summaries and other documents of whatever nature independently and not rely on the contents of this Memorandum in any manner.

If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return this Memorandum to Cushman & Wakefield | Pacific Commercial Realty Advisors.

Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance PACCOM Realty Advisors, Inc., Copyright 2016. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. Back to Agenda Page | 2 v FOR SALE BANK OF AMERICA – 2210 N. COIT ROAD Richardson, TEXAS 75080

BROKERAGE SERVICES – Texas Law Requirements Texas law requires all real estate licensees to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.

INFORMATION ABOUT BROKERAGE SERVICES Before working with a real estate broker, you should know that the duties of a broker depend on whom the broker represents. If you are a prospective seller or landlord (owner) or a prospective buyer or tenant (buyer), you should know that the broker who lists the property for sale or lease is the owner’s agent. A broker who acts as a subagent represents the owner in cooperation with the listing broker. A broker who acts as a buyer’s agent represents the buyer. A broker may act as an intermediary between the parties if the parties consent in writing. A broker can assist you in locating a property, preparing a contract or lease, or obtaining financing without representing you. A broker is obligated by law to treat you honestly.

IF THE BROKER REPRESENTS THE OWNER: The broker becomes the owner’s agent by entering into an agreement with the owner, usually through a written listing agreement, or by agreeing to act as a subagent by accepting an offer of sub agency from the listing broker. A subagent may work in a different real estate office. A listing broker or subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. The buyer should not tell the owner’s agent anything the buyer would not want the owner to know because an owner’s agent must disclose to the owner any material information known to the agent.

IF THE BROKER REPRESENTS THE BUYER: The broker becomes the buyer’s agent by entering into an agreement to represent the buyer, usually through a written buyer representation agreement. A buyer’s agent can assist the owner but does not represent the owner and must place the interests of the buyer first. The owner should not tell a buyer’s agent anything the owner would not want the buyer to know because a buyer’s agent must disclose to the buyer any material information known to the agent.

IF THE BROKER ACTS AS AN INTERMEDIARY: A broker may act as an intermediary between the parties if the broker complies with The Texas Real Estate License Act. The broker must obtain the written consent of each party to the transaction to act as an intermediary. The written consent must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. The broker is required to treat each party honestly and fairly and to comply with The Texas Real Estate License Act. A broker who acts as an intermediary in a transaction:

1) shall treat all parties honestly; 2) may not disclose that the owner will accept a price less than the asking price unless authorized in writing to do so by the owner; 3) may not disclose that the buyer will pay a price greater than the price submitted in a written offer unless authorized in writing to do so by the buyer; and 4) may not disclose any confidential information or any information that a party specifically instructs the broker in writing not to disclose unless authorized in writing to disclose the information or required to do so by The Texas Real Estate License Act or a court order or if the information materially relates to the condition of the property.

With the parties’ consent, a broker acting as an intermediary between the parties may appoint a person who is licensed under The Texas Real Estate License Act and associated with the broker to communicate with and carry out instructions of one party and another person who is licensed under that Act and associated with the broker to communicate with and carry out instructions of the other party.

If you choose to have a broker represent you, you should enter into a written agreement with the broker that clearly establishes the broker’s obligations and your obligations. The agreement should state how and by whom the broker will be paid. You have the right to choose the type of representation, if any, you wish to receive. Your payment of a fee to a broker does not necessarily establish that the broker represents you. If you have any questions regarding the duties and responsibilities of the broker, you should resolve those questions before proceeding.

Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee’s records.

______Buyer, Seller, Landlord or Tenant Date

Texas Real Estate Brokers and Salesmen are licensed and regulated by the Texas Real Estate Commission (TREC). If you have a question or complaint regarding a real estate licensee, you should contact TREC at P.O. Box 12188, Austin, Texas 78711-2188 or 512-465-3960. Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance PACCOM Realty Advisors, Inc., Copyright 2016. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. Back to Agenda Page | 3 v FOR SALE BANK OF AMERICA – 2210 N. COIT ROAD Richardson, TEXAS 75080

EXECUTIVE SUMMARY The Bank of America investment offers an investor an investment grade tenant located in a regional retail area of Dallas with surrounding tenants like Sprouts, Home Depot, Ross, Marshall’s, HomeGoods, Starbucks. The average household income within a five-mile radius is about $84,343 per year. The lease has approximately 6-years remaining with stepped increases in the rent (next increase in 1-year). Bank deposits are approximately $180 million.

OFFERING SUMMARY PRICE $2,250,000

NET INCOME $123,783

CAP RATE 5.5%

LEASE Ground lease (fee interest)

Bank of America LEASE ABSTRACT COMMENCEMENT October 2003 INSURANCE Lessee

LEASE TERM 20 Years – 6 years remaining, plus 4, 5 yr renewal terms CAM CHARGES Lessee

NOVEMBER 2018 RENT $10,315.25 per month / $123,783 per year (Landlord will supplement) INSURANCE Lessee

RENT INCREASES 10% every 5 years (beginning November 1, 2023) TAXES Lessee

SITE DESCRIPTION LOCATION 2210 N. Coit Road, Dallas County, Dallas, TX 75080

SITE SIZE Land: ±1.52 acres | Building: ±4,865 with 3 drive thru lanes (Bank of America asset)

ZONING LR-M(2) Local Retail

According to panel 48113C0185K (effective on 07/07/2014) the property is not located in a Special Flood Hazard Area on the Federal Emergency FLOOD ZONE INFORMATION Management Agency (FEMA) “Flood Map Service Center”. Web Site: https://msc.fema.gov/portal/search

FLOOD ZONE X

Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance PACCOM Realty Advisors, Inc., Copyright 2016. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. Back to Agenda Page | 4 v FOR SALE BANK OF AMERICA – 2210 N. COIT ROAD Richardson, TEXAS 75080

Bank of America – Tenant Overview Bank of America Quick Stats Bank of America Corporation (abbreviated as BofA) is a multinational banking and financial Type Public company services corporation headquartered in Charlotte, North Carolina. It is ranked 2nd on the list of largest banks in the United States by assets. As of 2016, Bank of America was the 26th Traded as NYSE: BAC, S&P 100 & 500 component largest company in the United States by total revenue. In 2016, it was ranked #11 on the Forbes Magazine Global 2000 list of largest companies in the world. October 17, 1904, (112 years ago as Bank of Italy); February 1930, (87 years Founded Its acquisition of Merrill Lynch in 2008 made it the world's largest wealth management ago as Bank of America) corporation and a major player in the investment banking market. As of December 31, 2016, it New York City, New York had US$886.148 billion in assets under management (AUM). Founders Amadeo Giannini

As of December 31, 2016, the company held 10.73% of all bank deposits in the United States. Headquarters Charlotte, North Carolina It is one of the Big Four banks in the United States, along with Citigroup, JPMorgan Chase Area Served Worldwide and Wells Fargo, its main competitors. Bank of America operates but does not necessarily maintain retail branches in all 50 states of the United States, the District of Columbia and Revenue US $89.701 billion (2016) more than 40 other countries. It has a retail banking footprint that serves approximately 46 million consumer and small business relationships at 4,600 banking centers and 15,900 Net Income US $17.906 billion (2016) automated teller machines (ATMs). Total Assets US $2.187 trillion (2016)

Bank of America provides its products and services through 4,600 retail financial centers, Total Equity US $266.84 billion (2016) approximately 15,900 automated teller machines, call centers, and online and mobile banking # of Employees 208,000 (2016) platforms. Its Consumer Real Estate Services segment offers consumer real estate products comprising fixed and adjustable-rate first-lien mortgage loans for home purchase and Source: https://en.wikipedia.org/wiki/Bank_of_America refinancing needs, home equity lines of credit, and home equity loans.

Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance PACCOM Realty Advisors, Inc., Copyright 2016. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. Back to Agenda Page | 5 v FOR SALE BANK OF AMERICA – 2210 N. COIT ROAD Richardson, TEXAS 75080

MAP OF DALLAS & SITE LOCATION

SITE

Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance Cushman & Wakefield Copyright 2016. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. Back to Agenda Page | 6 v FOR SALE BANK OF AMERICA – 2210 N. COIT ROAD Richardson, TEXAS 75080

BIRDS EYE SITE LOCATION & IMMEDIATE AREA AMENITIES Pavillion Court

Site

Pavillion North

Campbell Rd. W. Campbell Rd.

Pavillion East

Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance Cushman & Wakefield Copyright 2016. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. Back to Agenda Page | 7 v FOR SALE BANK OF AMERICA – 2210 N. COIT ROAD Richardson, TEXAS 75080

DEMOGRAPHICS

2017 Est. Household Income ($): $84,343 $101,239 $95,491

Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance Cushman & Wakefield Copyright 2016. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. Back to Agenda Page | 8 v FOR SALE BANK OF AMERICA – 2210 N. COIT ROAD Richardson, TEXAS 75080

PHOTOS – BANK OF AMERICA – REAL PROPERTY PHOTOS

Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance Cushman & Wakefield Copyright 2016. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. Back to Agenda Page | 9 v FOR SALE BANK OF AMERICA – 2210 N. COIT ROAD Richardson, TEXAS 75080

PHOTOS – SURROUNDING RETAILERS

Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance Cushman & Wakefield Copyright 2016. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. Back to Agenda Page | 10 v FOR SALE BANK OF AMERICA – 2210 N. COIT ROAD Richardson, TEXAS 75080

PHOTOS – SURROUNDING RETAILERS

Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance Cushman & Wakefield Copyright 2016. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. Back to Agenda Page | 11 v FOR SALE BANK OF AMERICA – 2210 N. COIT ROAD Richardson, TEXAS 75080

PHOTOS – SURROUNDING RETAILERS

Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance Cushman & Wakefield Copyright 2016. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. Back to Agenda Page | 12 v FOR SALE BANK OF AMERICA – 2210 N. COIT ROAD Richardson, TEXAS 75080

DALLAS TEXAS – Overview DALLAS TEXAS - History

Dallas is a major city in the state of Texas and is the largest urban center of the fourth Preceded by thousands of years of varying indigenous cultures, the Caddo people most populous metropolitan area in the United States. The city proper ranks ninth in the inhabited the Dallas area before Spanish colonists claimed the territory of Texas in the U.S. and third in Texas after Houston and San Antonio. The city's prominence arose from 18th century as a part of the Viceroyalty of New Spain. Later, France also claimed the its historical importance as a center for the oil and cotton industries, and its position along area but never established much settlement. numerous railroad lines. The bulk of the city is in Dallas County, of which it is the county seat; however, sections of the city are located in Collin, Denton, Kaufman, and Rockwall In 1819, the Adams-Onís Treaty between the United States and Spain defined the Red counties. According to the 2010 United States Census, the city had a population of River as the northern boundary of New Spain, officially placing the future location of 1,197,816. The United States Census Bureau's estimate for the city's population Dallas well within Spanish territory. The area remained under Spanish rule until 1821, increased to 1,300,092 as of July 1, 2015. when Mexico declared independence from Spain, and the area was considered part of the Mexican state of Coahuila y Tejas. In 1836, the Republic of Texas, with majority Anglo- The city is the largest economic center of the 12-county Dallas–Fort Worth–Arlington American settlers, gained independence from Mexico to become a distinct nation. metropolitan area (commonly referred to as DFW), which had a population of 7,102,796 as of July 1, 2015, representing growth in excess of 676,000 people since the 2010 In 1839, Warren Angus Ferris surveyed the area around present-day Dallas. John Neely census. In 2014, the metropolitan economy surpassed Washington, DC to become the Bryan established a permanent settlement near the Trinity River named Dallas in 1841. fifth largest in the United States, with a 2014 real GDP over $504 billion. In 2013, the The origin of the name is uncertain. The Republic of Texas was annexed by the United metropolitan area led the nation with the largest year-over-year increase in employment States in 1845 and Dallas County was established the following year. Dallas was formally and advanced to become the fourth-largest employment center in the nation (behind New incorporated as a city on February 2, 1856. York City, Los Angeles and Chicago) with more than three million non-farm jobs. As of June 2016, the metropolitan job count has increased to 3,523,400 jobs. The city's With construction of railroads, Dallas became a business and trading center, and was economy is primarily based on banking, commerce, telecommunications, technology, booming by the end of the 19th century. It became an industrial city, attracting workers energy, healthcare and medical research, and transportation and logistics. The city is from Texas, the South and the Midwest. The Praetorian Building of 15 stories, built in home to the third-largest concentration of Fortune 500 companies in the nation (behind 1909, was the first skyscraper west of the Mississippi and the tallest building in Texas for New York City and Houston). In the latest rankings released in 2013, Dallas was rated as some time. It marked the prominence of Dallas as a city. A racetrack for Thoroughbreds a "beta plus" world city by the Globalization and World Cities Study Group & Network, and was built and their owners established the Dallas Jockey Club. Trotters raced at a track in was 14th in world rankings of GDP by the Organization for Economic Co-operation and Fort Worth, where a similar Drivers Club was based. The rapid expansion of population Development. increased competition for jobs and housing.

Located in North Texas, Dallas is the main core of the largest metropolitan area in the In 1921, the Mexican president Álvaro Obregón along with the former revolutionary South and the largest inland metropolitan area in the United States that lacks any general visited downtown Dallas' Mexican Park in Little Mexico, the small park was navigable link to the sea. Dallas and nearby Fort Worth were developed due to the located on the corner of Akard and Caruth Street, site of the current Fairmount Hotel. The construction of major railroad lines through the area allowing access to cotton, cattle, and small neighborhood of Little Mexico was home to the Hispanic population that had come later oil in North and East Texas. The construction of the Interstate Highway System to Dallas due to factors like the American Dream, better living conditions or the Mexican reinforced Dallas' prominence as a transportation hub with four major interstate highways Revolution. converging in the city, and a fifth interstate loop around it. Dallas developed as a strong industrial and financial center, and a major inland port, due to the convergence of major In 1958 a version of the integrated circuit was invented in Dallas by Jack Kilby of Texas railroad lines, interstate highways, and the construction of Dallas/Fort Worth International Instruments; this event punctuated the Dallas area's development as a center for high- Airport, one of the largest and busiest airports in the world. technology manufacturing (though the technology Mr. Kilby developed was soon usurped by a competing technology simultaneously developed in the "Silicon Valley" in California by engineers who would go on to form Intel Corporation).

Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance PACCOM Realty Advisors, Inc., Copyright 2016. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. Back to Agenda Page | 13 v FOR SALE BANK OF AMERICA – 2210 N. COIT ROAD Richardson, TEXAS 75080

DALLAS TEXAS – History continued By the year 2010, the North Central Texas Council of Governments expects 10,000 During the 1950s and 1960s, Dallas became the nation's third-largest technology center, residents to live within the loop. Just north, Uptown is one of the hottest real estate with the growth of such companies as Ling-Temco-Vought (LTV Corporation) and Texas markets in the country. At the beginning of 2006, nine high-rise residential buildings or Instruments. In 1957, developers Trammell Crow and John M. Stemmons opened a Home hotels were under construction in that area. Leading the way is the $500M phase two of Furnishings Mart, designed by Donald H. Speck, that grew into the Dallas Market Center, Victory Park, a $3B+ project. At full build-out, it should contain more than 4,000 the largest wholesale trade complex in the world. The same year, the Dallas Memorial residences and 4M ft² of office and retail space. Auditorium (now the Dallas Convention Center) opened near Canton and Akard Streets in The Arts District in downtown is also expected to become a major point of growth. As the what is now the Convention Center District of downtown. On November 22, 1963, Dallas Center for the Performing Arts Foundation implements construction on several new President John F. Kennedy was assassinated on Elm Street while his motorcade passed projects in its master plan for the area. When the new Winspear Opera House (Foster and through Dealey Plaza in downtown Dallas. The upper two floors of the building from which Partners) and Wyly Theatre (Office for Metropolitan Architecture - Rem Koolhaas) join the Lee Harvey Oswald shot Kennedy, the Texas School Book Depository, have been existing Nasher Sculpture Center (Renzo Piano) and Meyerson Symphony Center (I.M. converted into a historical museum covering the former president's life and Pei and Partners), Dallas will be the only city in the world that has four buildings within accomplishments. one contiguous block that are all designed by Pritzker Architecture Prize winners. In the late 1970s and early to mid-1980s, Dallas underwent the building boom which produced a distinctive contemporary profile for the downtown area and a prominent DALLAS TEXAS – Geography skyline, influenced by nationally acclaimed architects. By the 1980s, when the oil industry Dallas is the county seat of Dallas County. Portions of the city extend into neighboring mostly relocated to Houston, Dallas was beginning to benefit from a burgeoning Collin, Denton, Kaufman, and Rockwall counties. According to the United States Census technology boom (driven by the growing computer and telecom industries), while Bureau, the city has a total area of 385.8 square miles (999.3 km2), 340.5 square miles continuing to be a center of banking and business. In 1983, voters in Dallas and area (881.9 km2) of it being land and 45.3 square miles (117.4 km2) of it (11.75%) water. cities approved the creation of Dallas Area Rapid Transit to replace the Dallas Transit Dallas makes up one-fifth of the much larger urbanized area known as the Dallas–Fort System. Dallas annexed Audelia in 1981, and Renner in 1983. In 1984, the Dallas Worth Metroplex, in which one quarter of all Texans live. Museum of Art moved from Fair Park as one of the first buildings in downtown's Arts District. Also in 1984, the Republican National Convention was held in Dallas. In 1985, at the peak of the real estate boom, the 72-story Bank of America Plaza (then InterFirst Central Dallas Plaza) opened as the tallest building in Dallas. From the mid-to-late 1980s, many banks, Central Dallas is anchored by Downtown, the center of the city, along with Oak Lawn and especially in Dallas, collapsed during the Savings and Loan crisis, nearly destroying the Uptown, areas characterized by dense retail, restaurants, and nightlife. Downtown Dallas city's economy and scrapping plans for hundreds of structures. has a variety of named districts, including the West End Historic District, the Arts District, the Main Street District, Farmers Market District, the City Center business district, the From the mid-1980s to 1995, not a single highrise structure was built within the downtown Convention Center District, and the Reunion District. "Hot spots" in this area include freeway loop. Over-speculating, over-building, the Savings and Loan crisis, and the early Uptown, Victory Park, Oak Lawn, Dallas Design District, Trinity Groves, Turtle Creek, 1980s recession practically destroyed the city economically. In 1989, the Morton H. Cityplace, Knox/Henderson, Greenville and West Village. Meyerson Symphony Center opened in the Arts District of downtown. Dallas celebrated a major landmark during this period, celebrating its 150th anniversary in 1991. East Dallas In the late 1990s, the booming telecom industry exploded in Dallas, especially in areas East Dallas is home to Deep Ellum, a trendy arts area close to Downtown, the homey like Las Colinas and the Telecom Corridor. During this time, Dallas became known as Lakewood neighborhood (and adjacent areas, including Lakewood Heights, Wilshire Texas's Silicon Valley, or the "Silicon Prairie". Another recession prompted by the dot- Heights, Lower Greenville, Junius Heights, and Hollywood Heights/Santa Monica), historic com bubble-burst and the 2001 terrorist attacks hurt several of the city's vital industries. Vickery Place and Bryan Place, and the architecturally significant neighborhoods of Swiss By 2004, signs of an economic turnaround began to appear. In 2005, three towers began Avenue and Munger Place. Its historic district has one of the largest collections of Frank construction amid tens of residential conversions and smaller residential projects. Lloyd Wright-inspired Prairie-style homes in the United States. In the northeast quadrant of the city is Lake Highlands, one of Dallas' most unified middle-class neighborhoods. Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance PACCOM Realty Advisors, Inc., Copyright 2016. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. Back to Agenda Page | 14 v FOR SALE BANK OF AMERICA – 2210 N. COIT ROAD Richardson, TEXAS 75080

South Dallas Dallas – Economy South Dallas, a distinct neighborhood southeast of Downtown, lays claim to the Cedars, In its beginnings, Dallas relied on farming, neighboring Fort Worth's Stockyards, and its an eclectic artist hotbed, and Fair Park, home of the annual State Fair of Texas, held in prime location on Native American trade routes to sustain itself. Dallas' key to growth late September and through mid-October. Southwest of Downtown lies Oak Cliff, a hilly came in 1873 with the building of multiple rail lines through the city. As Dallas grew and area that has undergone gentrification in recent years, in neighborhoods such as the technology developed, cotton became its boon and by 1900 Dallas was the largest inland Bishop Arts District. Oak Cliff was a township founded in the mid-1800s and annexed in cotton market in the world, becoming a leader in cotton gin machinery manufacturing. By 1903 by the city of Dallas. Today, most of the area's northern residents are Hispanic. The the early 1900s Dallas was a hub for economic activity all over the Southern United States ghost town of La Reunion once occupied the northern tip of Oak Cliff. South Oak Cliff has and was selected in 1914 as the seat of the Eleventh Federal Reserve District. By 1925 a population that is a mixture of African American, Hispanic, and Native American. Texas churned out more than ⅓ of the nation's cotton crop, with 31% of Texas cotton produced within a 100-mile (160 km) radius of Dallas. In the 1930s petroleum was South Side Dallas is currently a popular location for nightly entertainment at the NYLO discovered east of Dallas near Kilgore, Texas. Dallas' proximity to the discovery put it rooftop patio and lounge, The Cedars Social, and the famous country bar Gilley's. The immediately at the center of the nation's petroleum market. Petroleum discoveries in the neighborhood has undergone extensive development and community integration. What Permian Basin, the Panhandle, the Gulf Coast, and Oklahoma in the following years was once an area characterized by high rates of poverty and crime is now one of the most further solidified Dallas' position as the hub of the market. attractive social and living destinations in the city. The end of World War II left Dallas seeded with a nexus of communications, engineering, Further east, in the southeast quadrant of the city, is the large neighborhood of Pleasant and production talent by companies such as Collins Radio Corporation. Decades later, the Grove. Once an independent city, it is a collection of mostly lower-income residential telecommunications and information revolutions still drive a large portion of the local areas stretching to Seagoville in the southeast. Though a city neighborhood, Pleasant economy. The city is sometimes referred to as the heart of "Silicon Prairie" because of a Grove is surrounded by undeveloped land on all sides. Swampland and wetlands high concentration of telecommunications companies in the region, the epicenter of which separating it from South Dallas will in the future be part of the Great Trinity Forest, a lies along the Telecom Corridor located in Richardson, a northern suburb of Dallas. The subsection of the city's Trinity River Project which is planned to restore and preserve Corridor is home to more than 5,700 companies including Texas Instruments wetlands, newly appreciated for habitat and flood control. (headquartered in Dallas), Nortel Networks, Alcatel Lucent, AT&T, Ericsson, Fujitsu, Nokia, Rockwell Collins, Cisco Systems, Sprint, Verizon Communications, XO Dallas – Architecture Communications and until recently CompUSA (which is now headquartered in Miami,FL). Texas Instruments, a major manufacturer, employs 10,400 people at its corporate Dallas' skyline contains several buildings over 700 feet (210 m) in height. Although some headquarters and chip plants in Dallas. of Dallas' architecture dates from the late 19th and early 20th centuries, most of the notable architecture in the city is from the modernist and postmodernist eras. Iconic In the 1980s Dallas was a real estate hotbed, with the increasing metropolitan population examples of modernist architecture include Reunion Tower, the JFK Memorial, I. M. Pei's bringing with it a demand for new housing and office space. Several of Downtown Dallas' Dallas City Hall and Morton H. Meyerson Symphony Center. Good examples of largest buildings are the fruit of this boom, but over-speculation, the savings and loan postmodernist skyscrapers are Fountain Place, Bank of America Plaza, Renaissance crisis and an oil bust brought the 80's building boom to an end for Dallas as well as its city Tower, JPMorgan Chase Tower, and Comerica Bank Tower. sister Houston. Between the late 1980s and the early 2000s, central Dallas went through a slow period of growth. However, since the early 2000s the central core of Dallas has Several smaller structures are fashioned in the Gothic Revival style, such as the Kirby been enjoying steady and significant growth encompassing both repurposing of older Building, and the neoclassical style, as seen in the Davis and Wilson Buildings. One commercial buildings in downtown Dallas into residential and hotel uses as well as the architectural "hotbed" in the city is a stretch of historic houses along Swiss Avenue, which construction of new office and residential towers. The opening of Klyde Warren Park, built contains all shades and variants of architecture from Victorian to neoclassical. The Dallas across Woodall Rodgers Freeway seamlessly connecting the central Dallas CBD to Downtown Historic District protects a cross-section of Dallas commercial architecture from Uptown/Victory Park, has acted synergistically with the highly successful Dallas Arts the 1880s to the 1940s. District so that both have become catalysts for significant new development in central Dallas. Source: https://en.wikipedia.org/wiki/Tupelo,_Mississippi

Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance PACCOM Realty Advisors, Inc., Copyright 2016. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. Back to Agenda Page | 15 v FOR SALE BANK OF AMERICA – 2210 N. COIT ROAD Richardson, TEXAS 75080

Dallas – Economy – continued In addition to its large number of businesses, Dallas has more shopping centers per capita than any other city in the United States and is also home to the second shopping The residential real estate market in the Dallas–Fort Worth metroplex has not only been center ever built in the United States, Highland Park Village, which opened in 1931. Dallas resilient but has once again returned to a boom status. Dallas and the greater metro have is home of the two other major malls in North Texas, the Dallas Galleria and NorthPark been leading the nation in apartment construction and net leasing with rents reaching all Center, which is the 2nd largest mall in Texas. Both malls feature high-end stores and are time highs. Single family home sales, whether pre-owned or new construction, along with major tourist draws for the region. home price appreciation are leading the nation. According to Forbes magazine's annual list of "The Richest People in America" published A sudden drop in the price of oil, starting in mid-2014 and accelerating throughout 2015, September 21, 2011, the city itself is now home to 17 billionaires, up from 14 in 2009. In has not affected Dallas and its greater metro due to the highly diversified nature of its 2009 (with 14 billionaires) the city placed 6th worldwide among cities with the most economy. Dallas, and the DFW metro, continue to see strong demand for housing, billionaires. The ranking does not even take into account the 8 billionaires who live in the apartment and office leasing, shopping center space, warehouse and industrial space with neighboring city of Fort Worth. In 2013, Forbes also ranked Dallas No. 13 on its list of the overall job growth remaining very robust. Oil dependent cities and regions have felt Best Places for Business and Careers. significant effects from the downturn but Dallas growth has continued unabated, strengthening in 2015. Significant national headquarters relocations to the area (as Dallas is currently the third most popular destination for business travel in the United exemplified by Toyota's decision to leave California and establish its new North American States, and the Kay Bailey Hutchison Convention Center is one of the largest and busiest headquarters in the Dallas region) coupled with significant expansions of regional offices convention centers in the country, at over 1,000,000 square feet (93,000 m2), and the for a variety of corporations and along with company relocations to downtown Dallas are world's single-largest column-free exhibit hall. helping drive the current boom in the Dallas economy. Dallas leads Texas' largest cities in Forbes' 2015 ranking of "The Best Place for Business and Careers". Source: https://en.wikipedia.org/wiki/Dallas#History The Dallas-Fort Worth MSA has one of the largest concentrations of corporate headquarters for publicly traded companies in the United States. Fortune Magazine's 2015 annual list of the Fortune 500 in America indicates the city of Dallas has 9 Fortune 500 companies, and the DFW region as a whole has 21, reflecting the strong growth in the metro economy and up from 18 the year before. In 2007–08, Comerica Bank and AT&T located their headquarters in Dallas. Additional Fortune 500 companies headquartered in Dallas include Energy Transfer Equity, HollyFrontier, Southwest Airlines, Tenet Healthcare, Texas Instruments, Dean Foods, Trinity Industries, and Energy Future Holdings. Irving is home to 6 Fortune 500 companies of its own, including ExxonMobil, the most profitable company in the world and the second largest by revenue for 2015, Kimberly-Clark, Fluor (engineering), Commercial Metals, Celanese, and Pioneer Natural Resources. Additional companies headquartered in the Metroplex include American Airlines, Regency Energy Partners, Atmos Energy, Neiman Marcus, 7-Eleven, Brinker International, Primoris Services, Radio Shack, D.R. Horton, AMS Pictures, id Software, ENSCO Offshore Drilling, Mary Kay Cosmetics, Chuck E. Cheese's, Zales and Fossil. Corporate headquarters in the northern suburb of Plano include HP Enterprise Services, Frito Lay, Dr Pepper Snapple Group, and JCPenney. Many of these companies—and others throughout the DFW metroplex—comprise the Dallas Regional Chamber. Susan G. Komen for the Cure, the world's largest breast cancer organization was founded and is headquartered in Dallas.

Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance PACCOM Realty Advisors, Inc., Copyright 2016. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. Back to Agenda Page | 16 v FOR SALE BANK OF AMERICA – 2210 N. COIT ROAD Richardson, TEXAS 75080

BROKER BIOGRAPHY

RUDY BLANKENSHIP Lic., #00515550 Senior Director Investment Properties Specialist

ROLE & RESPONSIBILITIES Rudy Blankenship is an investment specialist concentrating on single-tenant, net-leased investments throughout the United States, Rudy joined Cushman & Wakefield | Pacific in April 2013. Over his 40-year career, Rudy has been affiliated with CBRE, Grubb & Ellis, and CB Commercial.

WORK EXPERIENCE Rudy has closed over $800 million of investment real estate throughout the United States. He has generated significant relationships with real estate developers; real estate investment companies, and insurance and financial institutions. Rudy diligently provides his clients with sophisticated skills in both Buyer and Seller representation. He is focused on quality representation with attention to client concerns.

EDUCATION, MEMBERSHIPS AND AWARDS

• International Council of Shopping Centers (ICSC) • United States Navy/United State Marine Corps • Fresno City College, Fresno, CA • Arizona State University, Tempe, AZ

Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance PACCOM Realty Advisors, Inc., Copyright 2016. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. Back to Agenda Page | 17 v FOR SALE BANK OF AMERICA – 2210 N. COIT ROAD Richardson, TEXAS 75080

Rudy Blankenship Senior Director Lic. #00515550 +1 559 433 3525 [email protected]

9 River Park Place E Suite 101 Fresno, CA 93720 phone: +1 559 433 3500

paccra.com

Listed in association with Cushman & Wakefield, Dallas Texas