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Pinnacle Business Center DALLAS/FORT WORTH, TEXAS THREE BUILDINGS • CLASS a • 181,050 SQUARE FEET • 95.1% LEASED

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Pinnacle Business Center DALLAS/FORT WORTH, TEXAS THREE BUILDINGS • CLASS a • 181,050 SQUARE FEET • 95.1% LEASED Pinnacle Business Center DALLAS/FORT WORTH, TEXAS THREE BUILDINGS • CLASS A • 181,050 SQUARE FEET • 95.1% LEASED OFFERING SUMMARY Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp. a Texas licensed real estate broker (“HFF”) Pinnacle Business INVESTMENT OVERVIEW Center HFF has been exclusively retained to offer qualified investors the opportunity to purchase Pinnacle Business Center (the “Property”). The Property consists of three Class A shallow-bay industrial buildings totaling 181,050 square feet. The Offering represents the rare opportunity to acquire a 95.1% leased core industrial project located within the institutionally owned and established Pinnacle Business Park. INVESTMENT HIGHLIGHTS Rentable Area: 181,050 SF PREMIER LOCATION % Leased: 95.1% Pinnacle Business Center is located within Pinnacle Business Park, an 880-acre master planned business park that features industrial and office buildings along with large box retail, restaurants, hotels and Class A multi-family projects. Pinnacle Business Center is Year Built: 2004 located just south of Interstate 30 (I-30) and has frontage on North Cockrell Hill Road, a named exit of off I-30 and the primary Clear Height: 24' - 28' thoroughfare in Pinnacle Business Park. The Property is located just six miles west of the Dallas CBD and provides key logistical advantages for tenants who can easily access all areas of Dallas/Fort Worth via I-30, the primary east/west thoroughfare. Office Finish: +/- 21% PORTFOLIO ECONOMICS WITH ADDITIONAL UPSIDE Ø Pinnacle Business Center is currently 95.1% leased to 11 tenants who have an average remaining lease term of 3.9 years. This allows future ownership the opportunity to increase the rental rates in the near-term as market fundamentals continue to strengthen. Ø There is clear rollover upside as 60.3% of the leased space (total of 103,845 square feet) was signed between 2009–2013. These tenants have an average remaining lease term of 2.5 years. Ø Three leases have been signed during 2015 and all three tenants have contractual rent increases during their lease terms. CLASS A ASSETS Pinnacle Business Center was developed by Bradford Commercial Real Estate Services and the buildings have been institutionally owned and managed since construction. The Property’s competitive features include 24’ – 28’ clear heights, ideal building depths, efficient loading and low office finishes, customizing these buildings perfectly for the respective market and submarket. Strong Pinnacle Business Park Occupancy There is currently 7.9 million square feet of industrial product in Pinnacle Business Park and these buildings are currently 97.6% leased. • 2 Pinnacle Business INVESTMENT OVERVIEW Center INSTITUTIONAL OWNERSHIP Pinnacle Business Park is a coveted Dallas/Fort Worth industrial market for institutional owners. Institutional ownership within Pinnacle Business Park includes the following: BUILDINGS <250,000 SF – OUTPERFORMING THE MARKET As detailed in the charts below, industrial buildings <250,000 square feet are currently 94.6% occupied, compared to 90.9% occupied for buildings >250,000 square feet. This trend is expected to continue as only 12% of the overall inventory completed since 2013 (3.0 million square feet) is <250,000 square feet. The majority of the recently completed inventory has been in the South Dallas, DFW Airport and North Fort Worth industrial markets due to the limited supply of development tracts located in infill industrial markets. DFW INDUSTRIAL MARKET - HISTORICAL OCCUPANCY DELIVERIES SINCE JANUARY 2013 % LEASED DFW % of Total <250,000 250,000 Building Sizes Current 2014 2013 2012 2011 2010 2009 Average Industrial <250,000 SF 250,000 SF + All Sizes All Sizes <250,000 SF SF SF + Market Buildings <250,000 SF 94.6% 95.0% 93.8% 91.9% 90.9% 90.1% 90.5% 92.4% 2,998,994 22,299,432 25,298,426 12% 70% 50% 52% Buildings 250,000 SF + 90.9% 92.3% 92.6% 91.5% 89.5% 86.3% 85.3% 89.8% Source: CoStar 1st Quarter 2015 • 3 Pinnacle Business PROPERTY OVERVIEW Center PROPERTY OVERVIEW Year Rentable % # of Avg. Remaining Office Air Conditioned Clear Building Building Truck Court # Property/Address Built Area Leased Tenants Lease Term Finish Space Height Type Depth Depth 1 Building I 1444 North Cockrell Hill Road 2004 94,500 100% 6 3.7 years +/- 19% +/- 20% 24' Front Park/ 150’ 80’ - 210’ Rear Load (Shared) Dallas, TX 75211 2 Building II 4310 Adler Drive 2004 47,600 81.2% 2 5.7 years +/- 24% +/- 24% 28' Front Park/ 140’ 82’ - 135’ Rear Load (Shared) Dallas, TX 75211 3 Building III 4305 Pinnacle Point Drive 2004 38,950 100% 3 2.9 years +/- 21% +/- 29% 24' Front Park/ 120’ 90’ - 220’ Rear Load (Shared) Dallas, TX 75211 Totals 181,050 11 Averages 2004 95.1% 3.9 years +/- 21% +/- 23% 25' Average Tenant Size 15,648 • 4 Pinnacle Business LOCATION MAP Center FORT WORTH ALLIANCE AIRPORT BELT LINE ROAD Pinnacle Business Center La Reunion Parkway BELT LINE ROAD BELT d a o R Adler Drive l l i H l l PINNACLE BUSINESS CENTER e r k c o C h t r o N Pi nnacle Point Drive Joe Pool Lake HFF - Offering Summary • | 5 Pinnacle Business AERIAL - PINNACLE BUSINESS CENTER Center Dallas CBD N North Westmoreland Road Interstate 30 Pinnacle Point Drive Pinnacle Business Center North Cock rell Hill Road HFF - Offering Summary • | 6 Pinnacle Business AERIAL - PINNACLE BUSINESS PARK AMENITIES Center N Interstate 30 ® Hill Road Cockrell North Pinnacle Business Center HFF - Offering Summary • | 7 Pinnacle Business THRIVING TEXAS ECONOMY Center DFW EMPLOYMENT GROWTH PROJECTIONS POPULATION GROWTH PROJECTIONS DFW HIGHLIGHTS Ranked by Job Growth from 2013 to 2018 Ranked by Population Growth from 2013 to 2018 HIGHLIGHTS Numeric Change Numeric Change Rank MSA 2013-2018 Annualized Rank MSA 2013-2018 Annualized FASTEST 1 Dallas - Fort Worth TX 514,700 102,940 1 Dallas - Fort Worth TX 724,600 144,920 th 2 New York-Wayne NY-NJ 442,700 88,540 2 Houston-Baytown TX 570,200 114,040 GROWING MOST 3 Houston-Baytown TX 428,600 85,720 3 Phoenix-Mesa-Scottsdale AZ 495,600 99,120 METRO IN 4POPULATED 4 Los Angeles-Long Beach CA 396,600 79,320 4 Atlanta-Sandy Springs GA 465,400 93,080 THE METROPOLITAN 5 Atlanta-Sandy Springs GA 320,200 64,040 5 Los Angeles-Long Beach CA 376,700 75,340 6 Chicago-Naperville IL 269,500 53,900 6 New York-Wayne NY-NJ 335,000 67,000 U.S. AREA IN THE U.S. CENSUS BUREAU 7 Phoenix-Mesa-Scottsdale AZ 236,900 47,380 7 Orlando FL 298,700 59,740 8 Seattle-Bellevue WA 193,100 38,620 8 Washington-Arlington DC-VA-MD-WV 273,200 54,640 9 Orlando FL 161,900 32,380 9 Riverside-San Bernardino CA 261,500 52,300 TOP METROS CREATING 10 Austin-Round Rock TX 161,300 32,260 10 Austin-Round Rock TX 248,500 49,700 MIDDLE CLASS JOBS 11 Denver-Aurora CO 153,000 30,600 11 Las Vegas-Paradise NV 235,000 47,000 SINCE THE RECESSION FORTUNE 12 Washington-Arlington DC-VA-MD-WV 145,900 29,180 12 San Antonio TX 219,900 43,980 TEXAS 20500 COMPANIES 13 Minneapolis-St. Paul MN-WI 143,900 28,780 13 Charlotte-Gastonia NC-SC 213,900 42,780 LEADS LOCATED IN DALLAS/ 14 Santa Ana-Anaheim CA 139,600 27,920 14 Denver-Aurora CO 205,900 41,180 #4 FORT WORTH 15 San Francisco-San Mateo CA 133,600 26,720 15 San Diego-Carlsbad CA 186,300 37,260 Source: Moody’s Analytics - January 2015 TEXAS HIGHLIGHTS CEO'S NAME TEXAS BEST #1 STATE FOR IN ECONOMIC america’s Top State for Economy & Infrastructure BUSINESS FOR 10TH CLIMATE YEAR IN A ROW HFF - Offering Summary • | 8 ADDITIONAL INFORMATION OFFERING FORMAT If you have any questions or require additional information, please contact ASKING PRICE: No asking price has been established for the Offering the individuals below: OFFER DEADLINE: TBD RANDY BAIRD JUD CLEMENTS ROBBY RIEKE Senior Managing Director Managing Director Director [email protected] [email protected] [email protected] FINANCIAL OVERVIEW 469.232.1978 469.232.1975 469.232.1934 RENTABLE AREA: 181,050 square feet JUSTIN KUNDRAK Analyst PERCENT LEASED: 95.1% [email protected] APPROXIMATE YEAR-1 NOI: $967,000 469.221.7774 HFF DEBT CONTACT | LOCAL MARKET EXPERT Holliday Fenoglio Fowler, L.P. 2323 Victory Avenue, Suite 1200 ADAM HERRIN BRIAN PAFFORD Director Senior Vice President Dallas, Texas 75219 [email protected] [email protected] Telephone: 214.265.0880 www.hfflp.com 469.232.1922 972.389.9002 Facsimile: 214.265.9564 ©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 www. hfflp.com or follow HFF on Twitter at www.twitter.com/hff. HFF has been engaged by the owner of the property to market it for sale. Information concerning the property 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 be based on assumptions or due diligence criteria different from that used by a buyer.
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