OFFERING MEMORANDUM 1667 EAST LANDIS AVENUE, VINELAND, NJ PROPERTY OVERVIEW

IDEAL POTENTIAL END USERS FOR THE PROPERTY Because the property can benefit/achieve zoning redevelopment with ease, the following would be CLICK HERE TO VIEW VIDEO ideal end-users for the +/- 150 acres.

• Growing Vineland Industrial Park MIXED-USE HIGH VISIBILITY with newly available locations Retail/Office in combination with CAMPUS • Strong local amenities adjacent to Residential (Over • High visibility parcel in parcel which is a complement to site: 55+/assisted living) Vineland bounded by - WAWA/Gas - E. Landis Ave - Main Tree Shopping Center / Acme - S. Main Road EDS/MEDS - Bank Branch (Capital Bank) Satellite campus of - E. Chestnut Ave - TD Bank existing Education - S. Spring Road - Veterans Memorial school and/or Medical Systems • Close to Route 55 and Route - Maintree Commons 47 (approximately 4 miles) Professional Office Complex AGING of 6 modern office buildings POPULATION • 25 miles to I-295, Route 42, AC - Sun National Bank Assisted Living Expressway and Philadelphia Over 55+ Community • Vineland qualifies for the NJEDA • Potential for multiple end users GROW NJ incentive program for the redevelopment of the site; RETAIL/BIG BOX (depending on use of site), which can Retail users to i.e. (Residential developer, Senior help revitalize the City of Vineland Assisted Living, Senior Housing, Rehab compliment the area facility, Medical, Office, Education) • Close (6 miles) to SJH Regional Hospital, a part of the INSPIRA Health Network INDUSTRIAL • Property has existing buildings on the parcel that can be reused • Subject to dilineation, site appears for certain end users to be free from Wetlands • A common roadway from S. • Numerous nearby physician/dental Main Road provides access tothe offices, ME Med. Express Care, Property from the west LabCorp, and INSPIRA and PENN MEDICINE associated facilities PROPERTY OVERVIEW

VINELAND CENTRAL come grow with us LOCAL AMENITIES WITHIN 1 MILE FROM SITE: • WAWA/Gas • YMCA • Wendy’s • Main Tree Shopping Center/ Acme • CVS Pharmacy • TD Bank • Maintree Commons • Sun National Bank • McDonald’s MARKET OVERVIEW

and Greyhound bus lines. Philadelphia CUMBERLAND International Airport, Atlantic City Well over half of International Airport and Millville Airport the workforce COUNTY and its air transit related businesses, is engaged in Vineland is the largest are less than 20 minutes away. the following city in Cumberland County. Twice industries: voted one of the “best places to live POPULATION in New Jersey” by Cumberland County is comprised of 14 Money Magazine, municipalities, (three cities, 10 townships Cumberland County and one borough) — with a combined population of 155,971 and consisting of offers affordable housing, an economical RETAIL TRADE business location with access to excellent 484 square miles. The median age of the highways and rail service, an abundance County population is 37 years. Well over of beautiful natural resources, picturesque half of the workforce is engaged in the scenery and more. This wealth of assets retail trade, health care and education, is extremely rare and makes Cumberland manufacturing and public administration. County an ideal place to live and work. EMPLOYMENT HEALTH CARE TRANSPORTATION Cumberland County offers many Cumberland County is in proximity to the employment and career opportunities. AC Expressway and the Garden State The County’s two largest employers are Parkway and has direct access to Routes Inspira Health Network and Durand Glass 55, 56, 77, 347, 49 & 47. New Jersey Transit Manufacturing Co, being representative Bus Services cover Cumberland County, companies from the City, County, and EDUCATION and Cumberland Area Transit System State Businesses looking to expand or (CATS) provides bus routes throughout relocate have a number of excellent the county. New Jersey Transit’s ‘Atlantic financial incentives available to them from City Passenger Rail Line’ runs from the County and State. These benefits Philadelphia through several smaller include grants, low interest loans, tax southern New Jersey communities, such credits, job training assistance, sales tax as nearby Hammonton (20 minute drive exceptions and more. These business MANUFACTURING from Vineland), directly to the Atlantic incentives make Cumberland County City Rail Terminal at the Atlantic City competitive with all areas of the country. Convention Center. The Atlantic City Bus Terminal is the home to local, intra-state and interstate bus companies including NJT (New Jersey Transit buses connect to most PATCO stations in New Jersey) PUBLIC ADMINISTRATION MARKET OVERVIEW

QUALITY OF LIFE Cumberland County’s natural beauty, cultural events and welcoming small towns continue to attract residents and non-residents. Cumberland County offers and abundance of recreational and cultural opportunities: a performing arts center, an acclaimed symphony orchestra, music festivals, museums, glass making at Wheaton Village, and a variety of special cultural events which all add to the unique quality of life. With close proximity to Philadelphia, Atlantic City, Cape May, and numerous other South Jersey beaches, all being within one hour’s drive or less, the County provides convenient and easy access to the surrounding region.

• Vineland Electric Company, being the only AMENITIES municipality owned generating station in the New Cumberland County offers a number of local Jersey, and which offers below market electricity rates amenities that include the following: • Three theatres (Landis Theatre, and the Little • HealthSouth Rehab Hospital Theatre in Vineland, and the Levoy Theatre in • Millvile Arts District Millville) with regularly scheduled performances • Cumberland County College Sources: CBRE Fast Report, Cumberland County, Esri, Wiki • Cumberland Mall • Inspira Health Network VINELAND OVERVIEW • Wheaton Village With an estimated population of 61,309, the city of Vineland, New Jersey is a growing • Cohanzick Zoo community that accounted for 53% of the • Woodruff Museum of Indian Artifacts population growth within Cumberland County. • Bridgeton Southern New Jersey All Sports Hall of Fame Museum HOUSEHOLD INCOME • Seabrook Educational and Cultural Center In 2018 the average household income for seniors • Gouldtown - oldest African American settlement was $66,552, not far below the overall average in New Jersey, and perhaps in America” income for all age cohorts in Vineland, $73,937. The 2023 projections include an average income • “Springtown” (also in Cumberland County) is famous of $77,427 for seniors, a 16% increase, which is the for being one of the end points, code named, same increase expected for the overall average. “Northern Star” of the Underground Railroad. MARKET OVERVIEW

TOP 50 NON-GOVERNMENT EMPLOYERS CUMBERLAND COUNTY, NJ • Inspira Health Network • Comcast • De Rossi & Son Co. • Durand Glass Manufacturing • Groupe Seb-USA • Townsend Farms Co./ARC International • Cumberland Guidance Center • Wilmad-Lab Glass • Walmart • Corning Glass • Laning Brothers Farms • ShopRite • Nardelli Brothers • Millville Rescue Squad and • Sheppard Bus Service • Genesis Health Care — Medical Response Services • F&S Produce/Pipco Millville Center • Cumberland Insurance Group Transportation • Bridor • J.G. Finneran • Seabrook Brothers & Sons, Inc. • Rite Aid • Walgreens • Wawa • Sheppard Farms, Inc. • BJ’s Wholesale Club • Omni Baking • Cumberland Dairy • Aunt Kitty’s Foods • Elwyn New Jersey • Lassonde Pappas (formerly • Acme Markets • Ardagh Group Clement Pappas) • Bayada Nurses • Lowes • General Mills/Progresso • Home Depot • Gerresheimer Glass • New Jersey Motorsports Park • Complete Care • Healthsouth Rehabilitation • Safeway Fresh Foods Hospital of Vineland • Gateway Community • Boscov’s Action Partnership • Samuel Coraluzzo Co./ • South State, Inc. Torrissi Transport • Nipro Glass Americas • Crown Clothing Company • Tower Hospitality • Amcor Rigid Plastics • Johnson Farms, Inc. • Griswold Special Care • AJM Packaging Corp. • Allied Specialty Foods • Chemglass Life Science • Eastern Fresh Growers • DWK Life Sciences • Assem-Pak, Inc.

Sources: Exiting document (vetted), CBRE Fast Report, Cumberland County, PBJ, 2018 general research DEMOGRAPHICS

CITY OF VINELAND, NJ

PLACE OF WORK 2017 Businesses 2,249 2017 Employees 32,126

POPULATION 2017 Population—Current Year Estimate 61,309 2022 Population—Five Year Projection 61,911 2017 Median Age 38

HOUSEHOLD INCOME 2017 Households 21,558 2017 Median Household Income $54,062 2022 Median Household Income $59,879

©2018 CBRE. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

Source: 2018 Esri

Cumberland County VINELAND INCENTIVES

VINELAND QUALIFIES FOR STATE/LOCAL PROGRAMS/INCENTIVES TO ASSIST THE SUSTAINABILITY/GROWTH OF BUSINESSES

REAL ESTATE TAX URBAN ENTERPRISE ABATEMENT PROGRAM ZONE LOAN PROGRAM FOR 5 YEARS • Business must be located within • Abatement ranging from land taxes UEZ Zone and be UEZ Certified, only — 80% of improvements and Recertified every three years as a Qualified Business • Maximum loan equal to or less than one third of hard or eligible costs

GROW NJ PROGRAM VINELAND’S HOMETOWN • Qualified businesses receive tax credits ENTERPRISE LOAN ranging from $500-$5,000 per job/year PROGRAM (HELP) • Bonus credits of an additional $250- • Maximum loan amount equal to $100,000 $3,000 per job/year can be available • For additional information, contact • Maximum credit amount is $15,000 Vineland City Hall, 640 E. Wood per job/year for 10 years. Street, Vineland, New Jersey 08362, • SEE additional GROW NJ Phone 856-794-4000, extension PROGRAM information 4620, or vinelandcity.org COUNTY GROWTH

SIGNIFICANT CITY AND COUNTY GROWTH IS ALREADY HAPPENING

EDS/MEDS • Inspira Health Systems building a new state-of-the-art hospital along Rt. 55/Rt. 322 • Rowan University expanding campus and sports facilities. Quickest growth in University history • Cumberland County Technology Education Center just completed its relocation to its Vineland Campus next to Cumberland County College • Cumberland County College and Rowan University have partnered to provide teaching, mentoring opportunities to Freshmen Biomedical Science students

AGING POPULATION / OVER 55 COMMUNITY • Landis Square Senior Apartments, a three-story, 74 unit building located in downtown has opened, and while move-ins started in March 2018, it is unable to meet its rental waiting list of over 370 applicants.

VINELAND GROUND BREAKING OF 66,000 SF POLICE DEPT.

INDUSTRIAL PARK PLANNED ON 280-ACRE REDEVELOPMENT SITE IN VINELAND ON LINCOLN AVE, NEAR RT. 55 AND MILLVILLE BORDER ON WEST ALMOND RD NEAR MILL RD.

$8 MILLION IN VINELAND ROAD UPGRADES ALREADY ANNOUNCED WITH IMPLEMENTATION TIMELINES TO HELP IMPROVE TRAVEL, DRAINAGE AND APPEARANCE. GROW NJ

DOLLAR AMOUNT USES Award amounts vary based Corporate business on applicable criteria and insurance premium tax credits

BENEFITS ELIGIBILITY Powerful job creation and retention Please see program detail incentive program that strengthens for full eligibility criteria New Jersey’s competitive edge against tax incentive programs CLICK HERE

AFFILIATED BUSINESS DISCLOSURE DISCLAIMER CBRE, Inc. operates within a global family of companies with This Memorandum contains select information pertaining to the many subsidiaries and related entities (each an “Affiliate”) Property and the Owner, and does not purport to be all-inclusive engaging in a broad range of commercial real estate businesses or contain all or part of the information which prospective including, but not limited to, brokerage services, property and investors may require to evaluate a purchase of the Property. The facilities management, valuation, investment fund management information contained in this Memorandum has been obtained and development. At times different Affiliates, including CBRE from sources believed to be reliable, but has not been verified Global Investors, Inc. or Trammell Crow Company, may have for accuracy, completeness, or fitness for any particular purpose. or represent clients who have competing interests in the All information is presented “as is” without representation or same transaction. For example, Affiliates or their clients may warranty of any kind. Such information includes estimates have or express an interest in the property described in this based on forward-looking assumptions relating to the general Memorandum (the “Property”), and may be the successful bidder economy, market conditions, competition and other factors for the Property. Your receipt of this Memorandum constitutes which are subject to uncertainty and may not represent the your acknowledgment of that possibility and your agreement current or future performance of the Property. All references that neither CBRE, Inc. nor any Affiliate has an obligation to to acreages, square footages, and other measurements are disclose to you such Affiliates’ interest or involvement in the approximations. This Memorandum describes certain documents, sale or purchase of the Property. In all instances, however, including leases and other materials, in summary form. These CBRE, Inc. and its Affiliates will act in the best interest of their summaries may not be complete nor accurate descriptions respective client(s), at arms’ length, not in concert, or in a manner of the full agreements referenced. Additional information detrimental to any third party. CBRE, Inc. and its Affiliates will and an opportunity to inspect the Property may be made conduct their respective businesses in a manner consistent with available to qualified prospective purchasers. You are advised the law and all fiduciary duties owed to their respective client(s). to independently verify the accuracy and completeness of all summaries and information contained herein, to consult CONFIDENTIALITY AGREEMENT with independent legal and financial advisors, and carefully Your receipt of this Memorandum constitutes your investigate the economics of this transaction and Property’s acknowledgment that (i) it is a confidential Memorandum solely suitability for your needs. ANY RELIANCE ON THE CONTENT for your limited use and benefit in determining whether you desire OF THIS MEMORANDUM IS SOLELY AT YOUR OWN RISK. to express further interest in the acquisition of the Property, (ii) you will hold it in the strictest confidence, (iii) you will not The Owner expressly reserves the right, at its sole discretion, disclose it or its contents to any third party without the prior to reject any or all expressions of interest or offers to purchase written authorization of the owner of the Property (“Owner”) or the Property, and/or to terminate discussions at any time CBRE, Inc., and (iv) you will not use any part of this Memorandum with or without notice to you. All offers, counteroffers, in any manner detrimental to the Owner or CBRE, Inc. and negotiations shall be non-binding and neither CBRE, Inc. nor the Owner shall have any legal commitment or If after reviewing this Memorandum, you have no further interest obligation except as set forth in a fully executed, definitive in purchasing the Property, kindly return it to CBRE, Inc. purchase and sale agreement delivered by the Owner. © 2018 CBRE, Inc. All Rights Reserved. You are solely responsible for independently verifying the information in this Memorandum. ANY RELIANCE ON IT IS SOLELY AT YOUR OWN RISK. VINELAND CENTRAL come grow with us

THANK YOU

Mike Barker Jon C. Sarkisian Brian Saggiomo CBRE, Inc. Senior Vice President Executive Vice President First Vice President 1000 Howard Blvd, Suite 104 +1 610 251 5109 +1 856 359 9408 +1 856 359 9407 Mt. Laurel, NJ 08054 [email protected] [email protected] [email protected] +1 856 359 9500 Licensed: PA Licensed Salesperson: NJ Licensed Salesperson: NJ Licensed Real Estate Broker