Costar Office Report

CoStar Research Advisory Board YEAR-END 2010 Atlanta Office Market YEAR-END 2010 – ATLANTA Atlanta Office Market

Table of Contents

Table of Contents ...... III Methodology...... IV Metro Overview ...... 1 Submarket Overviews...... 5 Submarket Highlights Figures at a Glance Buildings With Net Absorption by Class Leases Signed by Class Available Sublease Space by Class Recent Deliveries Under Construction Properties Proposed Properties Buildings Added to the Database Buildings Deleted From the Database Class Changes Owner Occupancy Changes RBA Changes Submarket Changes Northwest Atlanta ...... 5 North Fulton...... 15 Downtown Atlanta...... 25 Central Perimeter ...... 33 Northeast Atlanta...... 41 Northlake ...... 49 Midtown Atlanta ...... 57 Buckhead...... 65 South Atlanta ...... 73 West Atlanta ...... 81 Appendix...... 87 Terms & Definitions CoStar Markets

Methodology

The CoStar Research Advisory Board Office Report, unless specifically stated otherwise, calculates office statistics using CoStar Group’s entire database of existing and under construction office buildings in each metropolitan area. Included are office, office condominium, office loft, office medical, all classes and all sizes, and both multi-tenant and single-tenant buildings, including owner-occupied buildings. CoStar Group's national database includes approximately 69.1 billion square feet of coverage in 2.8 million properties. All rental rates reported in the CoStar Research Advisory Board Office Report have been converted to a Full Service equivalent rental rate.

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© Copyright 2010 CoStar Group, Inc. All Rights Reserved. Although CoStar makes efforts to ensure the accuracy and reliability of the information contained herein, CoStar makes no guarantee, representation or warranty regarding the quality, accuracy, timeliness or completeness of the information. The publication is provided ‘as is’ and CoStar expressly disclaims any guarantees, representations or warranties of any kind, including those of MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE.

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Metro Overview

YEAR-END 2010 Atlanta Office Market

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Northwest Atlanta

YEAR-END 2010 Atlanta Office Market

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8 COSTAR RESEARCH ADVISORY BOARD ©2010 COSTAR GROUP, INC. ©2010 COSTAR GROUP, INC. COSTAR RESEARCH ADVISORY BOARD 9 ATLANTA – YEAR-END 2010 YEAR-END 2010 – ATLANTA Atlanta Office Market Atlanta Office Market NORTHWEST ATLANTA MARKET

Buildings With Net Absorption This Quarter Over 5,000 Square Feet Building Name PID Address Class RBA Absorption Leasing Co Broker Own 1. Courtyard 0088964 1760 The Exchange SE B 24,000 24,000 Hailey Realty Company 2. Riverwood 100 0435103 3350 Riverwood Pky SE A 502,519 16,405 CB Richard Ellis Brad Jancik 3. Circle 75 Office Park - Bldg 1100 0434720 1100 Circle 75 Pky NW B 256,000 16,115 Transwestern Matt Spickard 4. 300 Kimberley Way 0853786 300 Kimberley Way B 20,000 14,000 Group Six Real Estate LLC Nathan Deeter 5. East Cherokee Centre 1309696 7768 Cumming Hwy B 14,400 10,800 Maxsell Real Estate James West 6. GALLERIA 100 0434725 100 Galleria Pky SE A 412,228 10,577 Childress Klein Properties Connie Engel 7. 280 Interstate N Cir 0041858 280 Interstate N Cir B 126,134 10,473 EOLA Capital Robert Stoner 8. 1675 SE Cumberland Pky 7837810 1675 SE Cumberland Pky B 40,852 10,200 9. Woodstock Library 6867782 7745 Main St B 10,000 10,000 Maxsell Real Estate Brad Nix 10. The Hardin Bldg 0440815 1380 W Paces Ferry Rd NW B 37,315 9,862 Parkside Partners, Inc. Kyle Jenks 11. 5000 Olde Towne Pky NE 0436913 5000 Olde Towne Pky NE B 34,345 9,000 Stead Retail Group Reece Stead 12. Johnson Ferry Professional Park - B 7807628 1230 NE Johnson Ferry Rd B 42,398 8,400 13. 3931 Mary Eliza Trace NW 5782966 3931-3951 Mary Eliza Trace NW B 8,400 8,400 Manning Properties Aymar Manning 14. Ravine Three 1311963 3550 George Busbee Pky A 100,788 7,187 Taylor & Mathis, Inc. Kerry O’Brien 15. Atlanta West Business Ctr - Bldg 30 0441686 3201 Atlanta Industrial Pky N C 35,000 6,891 NAI Brannen Goddard Peter Finn 16. Cumberland Center II 0123569 3100 Cumberland Blvd SE A 413,247 6,693 Jones Lang LaSalle Jeff Bellamy 17. Smyrna Community Health Care 7837812 3380 SE Cobb Dr C 34,145 6,300 18. 3400 Blue Springs Rd 7099184 3400 Blue Springs Rd B 12,000 6,000 JK Realty Inc. Jenny Hammett 19. 8987 Dallas Acworth Hwy 6868488 8987 Dallas Acworth Hwy B 5,000 5,000 Prudential Georgia Realty Mike Rosendahl 20. Lakeside Complex 0434726 1820 Water Pl SE B 26,300 -5,425 Vanguard Associates, Inc Vern Hakes 21. 2625 Cumberland Pky SE 0434736 2625 Cumberland Pky SE B 78,317 -5,530 Pope & Land Enterprises Jennifer Koontz 22. Paper Mill Village - Bldg 14 0434938 620 Village Ter NE C 6,000 -6,000 23. 1745 Roswell Rd 5377828 1745 Roswell Rd C 6,719 -6,719 Christopher & Hayes Realty Bob Hawes 24. The Meridian 0434903 1995 N Park Pl SE A 100,762 -6,805 PM Realty Group Bill Weghorst 25. 3865 Oakview Dr 0858804 3865 Oakview Dr C 7,157 -7,157 Exclusive Association Management Julie Stephens 26. Johnson Square Office Pk - Bldg 151 0435015 1517 Johnson Ferry Rd B 7,331 -7,331 Ackerman & Co. Michael Myrick 27. 3175 Cherokee St NW 6842372 3175 Cherokee St NW C 7,540 -7,540 28. Town Point Service Center 0049645 3200 Town Point Dr B 68,791 -7,838 Weeks Robinson Properties Bob Currie 29. 1000 Parkwood Cir SE 0434890 1000 Parkwood Cir SE A 210,833 -8,836 Jones Lang LaSalle Adam Viente 30. Platinum Tower 0434916 400 Interstate N Pky SE A 312,591 -9,270 CB Richard Ellis Jeff Keppen 31. Northcreek - Bldg 100 0442826 3715 Northside Pky NW A 133,520 -9,395 CB Richard Ellis Chris Port 32. 585 Molly Ln 0433829 585 Molly Ln B 10,000 -10,000 Commercial Property Professionals Rachel Condon Y 33. 1300 Parkwood Cir SE 0435180 1300 Parkwood Cir SE A 210,919 -10,016 NAI Brannen Goddard Stephen Proctor 34. Galleria 200 0434852 200 Galleria Pky SE A 438,273 -10,893 Grubb & Ellis Dave Lindner 35. Northcreek - Bldg 400 0441058 3715 Northside Pky NW A 134,142 -12,060 CB Richard Ellis Chris Port 36. Two Paces West 0434919 2727 Paces Ferry Rd SE A 371,523 -17,648 Jones Lang LaSalle Glenn Aspinwall 37. Northcreek - Bldg 300 0441045 3715 Northside Pky NW A 134,124 -38,042 CB Richard Ellis Chris Port 38. Galleria 400 0435181 400 Galleria Pky SE A 440,000 -83,174 Childress Klein Properties Connie Engel

Source: CoStar Property®

Leases Signed This Quarter Over 5,000 Square Feet Building Name PID Address Class SF Leased Tenant Name Industry Lease Type Own 1. Platinum Tower 0434916 400 Interstate N Pky SE A 20,213 N/A new lease 2. Northcreek - Bldg 200 0041821 3715 Northside Pky NW A 17,059 N/A new lease 3. Riveredge Summit 0440811 1500 Riveredge Pky NW A 15,000 N/A new lease 4. One TownPark Commons 0436614 125 Townpark Dr NW A 7,250 Cohesive Information Solutions, Inc. new lease 5. 49 North Ave 0712859 49 North Ave C 7,000 Blessed Heart Church Personal Services new lease 6. Cumberland Office Park - Building F 0434718 2700 Cumberland Pky SE A 5,960 MFG.com Personal Services renewal 7. One TownPark Commons 0436614 125 Townpark Dr NW A 5,893 JP Morgan Chase new lease 8. Galleria 200 0434852 200 Galleria Pky SE A 5,818 N/A new lease

Subleases For Lease Over 5,000 Square Feet Building Name PID Address Class SF Term Vacant Sublease Co Own 1. New Market 2161 0435174 2161 Newmarket Pky SE B 56,488 04/01/2011 Y The Eidson Group, LLC 2. New Market 2161 0435174 2161 Newmarket Pky SE B 56,488 04/01/2011 Y The Eidson Group, LLC 3. 4100 Wildwood Pky 0436594 4100 Wildwood Pky A 50,000 01/01/2019 Y Jones Lang LaSalle 4. 4100 Wildwood Pky 0436594 4100 Wildwood Pky A 50,000 01/01/2019 Y Jones Lang LaSalle 5. Wildwood Center 0434912 2300 Windy Ridge Pky SE A 26,035 06/01/2018 N Cushman & Wakefield of Georgia, Inc 6. One Riverside 0444916 4401 Northside Pky NW A 25,969 02/01/2016 Y NAI Brannen Goddard 7. One Riverside 0444916 4401 Northside Pky NW A 25,969 02/01/2016 Y NAI Brannen Goddard 8. Two Paces West 0434919 2727 Paces Ferry Rd SE A 25,590 12/01/2012 Y CresaPartners of Georgia, LLC 9. Two Paces West 0434919 2727 Paces Ferry Rd SE A 25,590 12/01/2012 Y CresaPartners of Georgia, LLC 10. Riveredge Summit 0440811 1500 Riveredge Pky NW A 25,000 05/01/2012 N CB Richard Ellis 11. Riveredge Summit 0440811 1500 Riveredge Pky NW A 25,000 05/01/2012 N CB Richard Ellis 12. 1600 Riveredge Pky NW 0440812 1600 Riveredge Pky NW A 25,000 05/01/2012 N CB Richard Ellis 13. 100 City View 0436994 3330 Cumberland Blvd A 24,585 09/01/2014 N CB Richard Ellis 14. 100 City View 0436994 3330 Cumberland Blvd A 23,061 09/01/2014 N CB Richard Ellis 15. Galleria 200 0434852 200 Galleria Pky SE A 22,822 02/01/2013 N CB Richard Ellis 16. Galleria 200 0434852 200 Galleria Pky SE A 22,822 02/01/2013 N CB Richard Ellis 17. One Paces West 0434918 2727 Paces Ferry Rd SE A 21,960 12/01/2012 Y CresaPartners of Georgia, LLC 18. Building F 0434718 2700 Cumberland Pky SE A 21,880 03/01/2012 Y Colliers International 19. 5660 New Northside Dr NW 0441065 5660 New Northside Dr NW A 21,797 08/01/2014 N CB Richard Ellis 20. 6201 Powers Ferry Landing Rd 0440758 6201 Powers Ferry Landing Rd B 21,390 06/01/2010 N Newmark Knight Frank 21. 1600 Terrell Mill Rd SE 0435580 1600 Terrell Mill Rd SE C 21,348 06/01/2014 N Cushman & Wakefield of Georgia, Inc 22. 6201 Powers Ferry Landing Rd 0440758 6201 Powers Ferry Landing Rd B 21,050 06/01/2010 N Newmark Knight Frank 23. Two Parkway Center 0435047 1800 Parkway Pl A 20,627 03/01/2011 N CB Richard Ellis 24. 6201 Powers Ferry Landing Rd 0440758 6201 Powers Ferry Landing Rd B 20,496 06/01/2010 N Newmark Knight Frank 25. Platinum Tower 0434916 400 Interstate N Pky SE A 20,091 06/01/2016 N CB Richard Ellis 26. Wildwood Center 0434912 2300 Windy Ridge Pky SE A 20,000 10/01/2015 N AFCO Realty, LLC 27. Wildwood Center 0434912 2300 Windy Ridge Pky SE A 20,000 10/01/2015 N AFCO Realty, LLC 28. Platinum Tower 0434916 400 Interstate N Pky SE A 19,748 06/01/2016 N CB Richard Ellis 29. 200 Barrett Summit 0652027 1990 Vaughn Rd B 18,649 01/01/2012 Y Carter 30. 112 Town Park Dr 0435097 112 Town Park Dr B 17,659 07/01/2014 N Studley Inc. 31. Bldg 1100 0434720 1100 Circle 75 Pky NW B 17,517 10/01/2011 N NAI Brannen Goddard 32. Bldg 300 0441045 3715 Northside Pky NW A 16,757 Y Jackson Oats Shaw Corporate Real Es

Source: CoStar Property®

10 COSTAR RESEARCH ADVISORY BOARD ©2010 COSTAR GROUP, INC. ©2010 COSTAR GROUP, INC. COSTAR RESEARCH ADVISORY BOARD 11 ATLANTA – YEAR-END 2010 YEAR-END 2010 – ATLANTA Atlanta Office Market Atlanta Office Market NORTHWEST ATLANTA MARKET

Subleases For Lease Over 5,000 Square Feet Building Name PID Address Class SF Term Vacant Sublease Co Own 33. Bldg 300 0441045 3715 Northside Pky NW A 16,750 06/01/2012 Y CB Richard Ellis 34. Bldg 425 0434992 425 Franklin Rd SE B 16,637 09/01/2011 Y Lee & Associates Commercial R E Svc 35. One Riverside 0444916 4401 Northside Pky NW A 15,624 02/01/2015 Y Colliers International 36. Galleria 600 0586701 600 Galleria Pky SE A 14,200 12/01/2014 N Colliers International 37. The Harte Bldg 0434896 3290 Cumberland Club Dr B 13,375 10/01/2013 Y Swearingen Realty Group, L.L.C. 38. Building F 0434718 2700 Cumberland Pky SE A 12,932 03/01/2012 Y Colliers International 39. Two Parkway Center 0435047 1800 Parkway Pl A 12,658 02/01/2018 N Studley Inc. 40. Riveredge Summit 0440811 1500 Riveredge Pky NW A 12,500 05/01/2012 Y CB Richard Ellis 41. One Paces West 0434918 2727 Paces Ferry Rd SE A 11,555 10/01/2014 Y Cushman & Wakefield of Georgia, Inc 42. One Riverside 0444916 4401 Northside Pky NW A 10,906 02/01/2016 Y NAI Brannen Goddard 43. 1975 W Oak Cir 1303691 1975 W Oak Cir B 10,600 03/01/2019 Y Research in Progress 44. Windy Hill Center - Bld 1900 0434840 1900 Leland Dr SE B 10,500 12/01/2012 Y Newmark Knight Frank Y 45. Ravine Three 1311963 3550 George Busbee Pky A 9,473 Y Anders Commercial Properties 46. 1668 Mulkey Rd 0435734 1668 Mulkey Rd B 9,450 07/01/2012 N McWhirter Realty Corp. 47. Two Barrett Lakes Center 0436876 1825 Barrett Lakes Blvd A 9,317 12/01/2012 N Colliers International 48. One Riverside 0444916 4401 Northside Pky NW A 8,152 02/01/2016 Y NAI Brannen Goddard 49. Wildwood Center 0434912 2300 Windy Ridge Pky SE A 7,712 12/01/2012 Y CresaPartners of Georgia, LLC 50. Two Parkway Center 0435047 1800 Parkway Pl A 7,500 07/01/2013 N Brown Edwards & Associates 51. Ravine One 0436956 245 TownPark Dr A 7,338 10/01/2013 N Colliers International 52. One Paces West 0434918 2727 Paces Ferry Rd SE A 6,806 12/01/2012 Y CresaPartners of Georgia, LLC 53. One Barrett Lakes Center 0436627 1701 Barrett Lakes Blvd A 6,596 06/01/2011 N Cushman & Wakefield of Georgia, Inc 54. Platinum Tower 0434916 400 Interstate N Pky SE A 6,555 07/01/2011 N NAI Brannen Goddard 55. Overlook III 0434737 2859 Paces Ferry Rd SE A 6,197 07/01/2012 Y CB Richard Ellis 56. Bldg 8 0444872 4200 Northside Pky NW B 6,000 03/01/2013 Y Commercial Property Professionals 57. 470 Sessions St 0435358 470 Sessions St B 5,400 03/01/2011 N McWhirter Realty Corp. 58. Overlook III 0434737 2859 Paces Ferry Rd SE A 5,279 07/01/2012 Y CB Richard Ellis

Source: CoStar Property®

Year-To-Date Deliveries Over 5,000 Square Feet Building Name PID Address RBA Floors Deliv Leasing Co SF Own 1. 151 W Main St 7604837 151 W Main St 24,236 3 1Q 2010 Commercial Property Professionals 24,236 2. 4695 Atlanta Rd 7091215 4695 Atlanta Rd 6,000 1 2Q 2010 Ackerman & Co. 1,500

Under Construction Properties Over 5,000 Square Feet Building Name PID Address RBA Floors Deliv Leasing Co SF Own 1. 1505 Stonebridge Pky 7607138 1505 Stonebridge Pky 32,500 1 1Q 2011 McWhirter Realty Corp. 7,434 2. 2000 Village Professional Dr 6726331 2000 Village Professional Dr 30,000 3 1Q 2011 Alliance Real Estate Services, LLC. 29,976 3. 1887 Powder Springs Rd 5807259 1887 Powder Springs Rd 16,650 2 3Q 2011 0

Proposed Properties Over 5,000 Square Feet Building Name PID Address RBA Floors Gr Brk Leasing Co SF Own 1. 2555 Cumberland Pky 6463485 2555 Cumberland Pky 750,000 1 Cushman & Wakefield of Georgia, Inc 750,000 2. Crescent Ridge 0690198 Galleria Pky SE 506,300 20 Crescent Resources, LLC 506,300 3. GALLERIA 500 5884665 500 Galleria Pky SE 500,000 18 Childress Klein Properties 499,986 4. Two Overton Park 6517440 3625 Cumberland Blvd 395,000 1 Hines 0 5. Riverwood 200 0618747 Cumberland Blvd 385,000 10 CB Richard Ellis 384,532 6. 200 City View 0651894 Cumberland Blvd 350,000 18 Pope & Land Enterprises 350,000 7. The Gavitello 5998305 3288 Northside Pky 257,620 11 Ben Carter Properties 257,620 8. 200 Parkwood Point 0445568 2016 Powers Ferry Rd NW 228,000 8 Barry Real Estate Companies 228,000 9. Three Parkway Center 0436350 1700 Parkway Pl 200,000 10 Jones Lang LaSalle 200,000 10. Circle 75 Pky NW 0435068 Circle 75 Pky NW 100,000 1 B.F. Saul Company 100,000 11. Three Barrett Lakes 0669905 1900 Barrett Lakes Blvd 80,000 5 Pope & Land Enterprises 0 12. Corporate Center at Kennesaw Mounta - Bldg 10 0620816 1261 Cobb Pky N 75,000 3 Torras Properties 75,000 13. Corporate Center at Kennesaw Mounta - Bldg 20 0620824 1271 Cobb Pky N 75,000 3 Torras Properties 75,000 14. Corporate Center at Kennesaw Mounta - Bldg 30 0620827 1281 Cobb Pky N 75,000 3 Torras Properties 75,000 15. Cedar Creek Professional Center - 200 5740935 6095 Pine Mountain Rd 47,721 2 32,695 16. 600 Molly Ln 0433828 600 Molly Ln 45,000 1 Commercial Property Professionals 45,000 17. The Columns - Building 3 6553318 2424 Kennesaw Due West Rd 40,224 2 McGuire Realty, LLC 40,224 18. Powers Ferry Rd 0967107 Powers Ferry Rd 40,000 4 Transwestern 40,000 19. Cedar Creek Professional Center - 300 6236397 6095 Pine Mountain Rd 38,163 1 0 20. Barrett Business Center - Bldg 200 0437033 2015 Vaughn Rd 36,400 1 Pope & Land Enterprises 0 21. Jonquil Village 7138783 2995 Atlanta Rd 32,793 3 Colliers International 20,752 22. Jonquil Village - Bldg C 5607622 Atlanta & Spring Rd 30,368 3 Colliers International 30,368 23. 100 Kimberley Way 0649493 100 Kimberley Way 30,000 1 KW Commercial Canton 0 24. 625 Molly Ln 0433830 625 Molly Ln 25,600 1 Commercial Property Professionals 25,600 25. 605 Molly Ln 0433831 605 Molly Ln 25,600 1 Commercial Property Professionals 25,600 26. 700 Molly Ln 0433832 700 Molly Ln 25,600 1 Commercial Property Professionals 25,600 27. Canton Rd 0578137 Canton Rd 22,800 2 TI Asset Management, Inc. 22,800 28. Pine Mountains Corners - Bldg II 6413936 6110 Pine Mountain Rd 19,000 2 Ayers Realty Group, LLC 19,000 29. 1584 Terrell Mill Rd 6327077 1584 Terrell Mill Rd 18,000 1 0

Source: CoStar Property®

12 COSTAR RESEARCH ADVISORY BOARD ©2010 COSTAR GROUP, INC. ©2010 COSTAR GROUP, INC. COSTAR RESEARCH ADVISORY BOARD 13 ATLANTA – YEAR-END 2010 YEAR-END 2010 – ATLANTA Atlanta Office Market Atlanta Office Market NORTHWEST ATLANTA MARKET

Proposed Properties Over 5,000 Square Feet Building Name PID Address RBA Floors Gr Brk Leasing Co SF Own 30. 3827 Jimmy Lee Smith Pky 7117450 3827 Jimmy Lee Smith Pky 18,000 3 LIT Property Services 18,000 31. 373 N Marietta Pky NE - Phase II 0788491 373 N Marietta Pky NE 16,000 2 G & G Inc. 16,000 32. 5000 Olde Towne Pky 7574129 5000 Olde Towne Pky 15,000 1 Stead Retail Group 15,000 33. 3381 Ernest Barrett Pky 7602308 3381 Ernest Barrett Pky 14,440 1 Principal Realty Group 14,400 34. The Walk at Mars Hill - Building 1500 6368696 4900 Ivey Rd 12,000 2 0 35. Office A 6879891 11299 Hwy 92 12,000 2 Lavista Associates, Inc. 12,000 36. Piedmont Executive Center - Bldg 3 0049648 965 Piedmont Rd 11,500 1 0 37. The Columns - Building 1 6553165 2424 Kennesaw Due West Rd 11,013 1 McGuire Realty, LLC 11,013 38. The Columns - Building 4 6575344 2424 Kennesaw Due West Rd 11,013 1 McGuire Realty, LLC 11,013 39. Stilesboro Crossing Business Park - Building 5921811 1600 Kennesaw Due West Rd 10,600 2 The Dryman Team 0 40. Stilesboro Crossing Business Park - Building 5924341 1600 Kennesaw Due West Rd 10,600 2 The Dryman Team 0 41. 301 Gold Creek Trl 6879790 301 Gold Creek Trl 10,000 2 Lavista Associates, Inc. 10,000 42. Ellison Lakes Office Park - Bldg. 100 6169460 2450 Ellison Lakes Dr 9,403 2 McGuire Realty, LLC 8,800 43. Acworth Due West Rd 7172392 Acworth Due West Rd 7,500 1 0 44. The Village at West Cobb - Bldg 200 0668401 3475 Dallas Hwy 6,000 2 Dan Post Properties 6,000 45. Old Mountain Park - Building 1 6048728 4880 Old Mountain Park Rd 6,000 1 0 46. Old Mountain Park - Building 3 6048788 4880 Old Mountain Park Rd 6,000 1 0 47. Old Mountain Park - Building 6 6048844 4880 Old Mountain Park Rd 6,000 1 0 48. Acworth Due West Rd 7172413 Acworth Due West Rd 6,000 1 0 49. Powder Springs Ventures Park - Building 100 5709102 2453 Powder Springs Rd SW 5,280 2 Powder Springs Venture Park 5,280 50. Building 500 6631679 2453 Powder Springs Rd 5,000 1 Powder Springs Venture Park 5,000 51. Cedarcrest Rd 6923373 Cedarcrest Rd 5,000 1 0

Source: CoStar Property®

North Fulton

YEAR-END 2010 Atlanta Office Market YEAR-END 2010 – ATLANTA Atlanta Office Market

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18 COSTAR RESEARCH ADVISORY BOARD ©2010 COSTAR GROUP, INC. ©2010 COSTAR GROUP, INC. COSTAR RESEARCH ADVISORY BOARD 19 ATLANTA – YEAR-END 2010 YEAR-END 2010 – ATLANTA Atlanta Office Market Atlanta Office Market NORTH FULTON MARKET

Buildings With Net Absorption This Quarter Over 5,000 Square Feet Building Name PID Address Class RBA Absorption Leasing Co Broker Own 1. Research Park 0445381 8995 Westside Pky B 51,000 50,821 Cousins Properties Incorporated Jenny Keppen Y 2. Stonebridge III 1495476 1130 Sanctuary Pky A 158,410 27,122 Jones Lang LaSalle Jeff Bellamy 3. Oxford Lake Business Ctr - Bldg 100 0441941 2001 Westside Pky B 49,228 19,363 Jackson Oats Shaw Corporate Real Es Jeff Shaw 4. Two Point Royal 0444846 4550 North Point Pky A 123,633 18,743 Highwoods Properties, Inc. John Grimsley 5. Three Northwinds Center 0089709 2500 Northwinds Pky A 147,831 16,603 Duke Realty Corporation Wes Hardy 6. Canton Oaks 5743319 1144 Canton St B 15,582 15,582 Lavista Associates, Inc. 7. The Park at Windward Concourse 0440680 1725 Windward Concourse A 101,239 13,352 Newmark Knight Frank Cindy Jedlinsky Coombs 8. Lake View I 0444607 1105 Lakewood Pky A 181,310 12,970 Jones Lang LaSalle Jeff Bellamy 9. 675 Mansell Rd 0445179 675 Mansell Rd B 34,896 11,728 Lavista Associates, Inc. Robert Binion 10. Lakeview 400 Office Park - Bldg 100 0444652 2555 Westside Pky B 46,023 11,004 Resource Real Estate Partners Matt Davis 11. 3325 Paddocks Pky 0062717 3325 Paddocks Pky A 96,704 10,235 TPA Realty Services, LLC Bryan Heller 12. Mansell Forest 0041834 4555 Mansell Rd B 52,676 9,014 PM Realty Group David Tyler 13. Brookside Two 0468571 3655 Brookside Pky A 133,355 8,891 Duke Realty Corporation Wes Hardy 14. Windward Fairways I 0444762 3025 Windward Plaza Dr A 135,000 7,890 CB Richard Ellis 15. Lake View II 0444750 1145 Sanctuary Pky A 180,773 7,869 Jones Lang LaSalle Adam Viente 16. 11695 Johns Creek Pky 0613371 11695 Johns Creek Pky A 100,087 7,807 TPA Realty Services, LLC Bryan Heller 17. Morningside Forest 0522781 3875 Mansell Rd B 22,600 7,693 Colliers International Lee Evans 18. Parkside Crossing 400 - Building B 0052066 223 Roswell St B 14,918 7,459 Peachtree Brokers Will Sommer 19. Georgia 400 Center II 0445374 2325 Lakeview Pky A 138,465 7,265 Daniel Corporation John Zintak 20. Northwinds Seven 0444988 2550 Northwinds Pky A 148,622 6,849 Duke Realty Corporation Wes Hardy 21. Royal Forest 300 0445207 3030 Royal Blvd S B 16,000 6,404 Kingston Commercial Real Estate Michael Jones 22. Corporate Center II 0440641 380 Dahlonega St B 35,000 6,200 McGuinn, Robert MD Robert McGuinn 23. 4895 Windward Pky 0933748 4895 Windward Pky C 23,945 6,124 Lynx Real Estate, Inc. Todd Perman 24. The Park at Windward Concourse 0440673 1720 Windward Concourse A 100,364 5,692 Newmark Knight Frank Cindy Jedlinsky Coombs 25. Parkway Forest 0445405 2050 Marconi Dr B 55,626 -5,065 NAI Brannen Goddard David Beak 26. 1100 Old Ellis Rd 0445447 1100 Old Ellis Rd B 28,750 -5,252 Lavista Associates, Inc. Kirven Brantley 27. Building 2 5777073 10960 State Bridge Rd B 6,000 -6,000 Shane Investment Property Group Elliott Kyle 28. 1300 Upper Hembree Rd 6739913 1300 Upper Hembree Rd B 12,160 -6,500 Hart Commercial Realty Michael Hart 29. Roswell Summit - 100 0041816 1080 Holcomb Bridge Rd B 63,119 -7,057 Lavista Associates, Inc. Robert Binion 30. 7360 McGinnis Ferry Rd 0649730 7360 McGinnis Ferry Rd B 12,902 -7,902 Laura Haynes Laura Haynes 31. Preston Ridge IV 0445456 3440 Preston Ridge Rd A 150,320 -9,806 Duke Realty Corporation Wes Hardy 32. 100 Milton Park 0057298 30000 Mill Creek Ave A 150,000 -9,933 Greenstone Properties, Inc. Chris Scott 33. The Gates @ McGinnis Ferry - Bldg 8 0011672 4080 McGinnis Ferry Rd B 10,490 -9,986 Taylor Real Estate Services Stacy Taylor 34. 4500 North Point Pky 0444624 4500 North Point Pky C 13,474 -13,474 Capital Realty Advisors, LLC Brian Patton 35. Mansell 400 Business Ctr - Bldg 10 0441705 10 Mansell Ct E B 54,798 -13,877 NAI Brannen Goddard Chris Miller 36. The Perimeter Group 0740220 1405 Old Alabama Rd C 21,595 -21,595 Advocate Commercial Real Estate 37. Brookside 500 0445459 500 Brookside Concourse Pky B 43,717 -24,484 The Alter Group 38. State Bridge Exchange 0011967 11138 State Bridge Rd B 30,070 -30,070 CB Richard Ellis Jackie Fraker 39. 200 Milton Park 0579870 11175 Cicero Dr A 153,000 -53,764 Greenstone Properties, Inc. Chris Scott

Source: CoStar Property®

Leases Signed This Quarter Over 5,000 Square Feet Building Name PID Address Class SF Leased Tenant Name Industry Lease Type Own 1. One Deerfield Centre 0445157 13560 Morris Rd A 66,575 Cotton States Mutual Insurance Company Insurance new lease 2. Three Northwinds Center 0089709 2500 Northwinds Pky A 25,700 Tensar International Corporation Business Services new lease 3. Great Oaks Center - Bldg. B 0445387 11560 Great Oaks Way B 12,918 N/A new lease 4. 100 Milton Park 0057298 30000 Mill Creek Ave A 12,339 Evans Technology Computers/Data Processing new lease 5. 500 Northwinds Center West 0089413 11625 Rainwater Dr A 9,880 Ariba, Inc Business Services new lease 6. Parkview I at Opus Woods 0011963 925 North Point Pky A 7,461 N/A new lease 7. 3325 Paddocks Pky 0062717 3325 Paddocks Pky A 7,439 N/A new lease 8. 5050 Research Ct 0632621 5050 Research Ct B 6,000 N/A new lease 9. Corporate Center II 0440641 380 Dahlonega St B 5,200 N/A new lease

Subleases For Lease Over 5,000 Square Feet Building Name PID Address Class SF Term Vacant Sublease Co Own 1. Bluegrass Promenade 0049574 1200 Bluegrass Lakes Pky B 63,000 12/01/2015 Y Cushman & Wakefield of Georgia, Inc 2. 3970 Johns Creek Ct 0440631 3970 Johns Creek Ct B 49,353 04/01/2014 N CB Richard Ellis 3. 900 North Point Pky 0746967 900 North Point Pky A 43,214 02/01/2013 Y UGL Equis 4. 900 North Point Pky 0746967 900 North Point Pky A 43,214 02/01/2013 Y UGL Equis 5. Brookside 800 0468184 4400 Alexander Dr B 36,556 05/01/2015 N Colliers International 6. Bluegrass Promenade 0049574 1200 Bluegrass Lakes Pky B 30,259 12/01/2015 Y Research in Progress 7. Bldg 300 0445209 13000 Deerfield Pky B 29,864 05/01/2013 Y CB Richard Ellis 8. 200 Milton Park 0579870 11175 Cicero Dr A 26,882 11/01/2015 Y CresaPartners of Georgia, LLC 9. 200 Milton Park 0579870 11175 Cicero Dr A 26,882 11/01/2015 Y CresaPartners of Georgia, LLC 10. Brookside 300 0445461 3750 Brookside Pky B 25,979 12/01/2012 N Grubb & Ellis 11. 11695 Johns Creek Pky 0613371 11695 Johns Creek Pky A 25,859 09/01/2011 Y TPA Realty Services, LLC 12. One Northwinds Center 0089581 2475 Northwinds Pky A 25,595 03/01/2013 N CB Richard Ellis 13. 11360 Lakefield Dr 0444817 11360 Lakefield Dr A 25,065 06/01/2019 N Jones Lang LaSalle 14. Windward Fairways I 0444762 3025 Windward Plaza Dr A 23,356 12/01/2012 Y CB Richard Ellis 15. Windward Fairways I 0444762 3025 Windward Plaza Dr A 23,356 12/01/2012 Y CB Richard Ellis 16. Windward Fairways I 0444762 3025 Windward Plaza Dr A 23,278 12/01/2012 Y CB Richard Ellis 17. Corporate Centre One 0445366 13010 Morris Rd A 23,188 12/01/2016 Y UGL Equis 18. Corporate Centre One 0445366 13010 Morris Rd A 23,188 12/01/2016 Y UGL Equis 19. Corporate Center Two 7382107 13010 Morris Rd A 23,000 12/01/2016 N UGL Equis 20. Royal Centre One 0444795 11675 Great Oaks Way A 22,014 06/01/2012 N Jones Lang LaSalle 21. Corporate Centre One 0445366 13010 Morris Rd A 21,922 12/01/2016 Y UGL Equis 22. Corporate Center Two 7382107 13010 Morris Rd A 21,917 12/01/2016 N UGL Equis 23. The Park at Windward Concourse 0440680 1725 Windward Concourse A 21,583 06/01/2015 Y CB Richard Ellis 24. Georgia 400 Center II 0445374 2325 Lakeview Pky A 21,478 12/01/2013 N Cushman & Wakefield of Georgia, Inc 25. Georgia 400 Center II 0445374 2325 Lakeview Pky A 21,443 12/01/2013 N Cushman & Wakefield of Georgia, Inc 26. 900 North Point Pky 0746967 900 North Point Pky A 21,236 02/01/2013 N UGL Equis 27. 11360 Lakefield Dr 0444817 11360 Lakefield Dr A 18,569 06/01/2019 N Jones Lang LaSalle 28. Corporate Center Two 7382107 13010 Morris Rd A 18,112 12/01/2016 N UGL Equis 29. Royal Centre One 0444795 11675 Great Oaks Way A 16,739 04/01/2011 N Grubb & Ellis 30. Preston Ridge I 0444878 3655 North Point Pky A 16,349 01/01/2015 Y CresaPartners of Georgia, LLC 31. The Park at Windward Concourse 0440680 1725 Windward Concourse A 15,136 10/01/2011 N CresaPartners of Georgia, LLC

Source: CoStar Property®

20 COSTAR RESEARCH ADVISORY BOARD ©2010 COSTAR GROUP, INC. ©2010 COSTAR GROUP, INC. COSTAR RESEARCH ADVISORY BOARD 21 ATLANTA – YEAR-END 2010 YEAR-END 2010 – ATLANTA Atlanta Office Market Atlanta Office Market NORTH FULTON MARKET

Subleases For Lease Over 5,000 Square Feet Building Name PID Address Class SF Term Vacant Sublease Co Own 32. 9005 Westside Pky 0934348 9005 Westside Pky B 15,000 N Carter 33. Northwinds - Devry 0041835 2555 Northwinds Pky B 15,000 07/01/2017 N Newmark Knight Frank 34. Brookside Two 0468571 3655 Brookside Pky A 14,876 08/01/2012 N Richard Bowers & Company 35. 675 Mansell Rd 0445179 675 Mansell Rd B 14,000 05/01/2011 N CB Richard Ellis 36. 100 North Point Center East 0444527 100 North Point Ctr E A 13,078 05/01/2012 N PartnersAtlanta 37. Colonial Center 100 0444569 100 Mansell Ct E A 12,629 Y AEW Capital Management, L.P. 38. Building 100 0444976 4005 Windward Plaza Dr A 11,490 10/01/2012 N CB Richard Ellis 39. Windward Pointe 200 0444718 5900 Windward Pky A 11,237 11/01/2016 N Atlanta Office Realty, Inc. 40. Bldg 200 0445013 950 North Point Pky B 10,500 Y Ryan Cone & Associates 41. Northside Medical Office Bldg 0622600 3890 Johns Creek Pky B 8,810 Y Eastwood Real Estate Services 42. Windward Fairways I 0444762 3025 Windward Plaza Dr A 8,166 12/01/2012 N CB Richard Ellis 43. Colonial Center 300 0445553 300 Colonial Center Pky A 8,056 04/01/2011 N Grubb & Ellis 44. Royal Centre One 0444795 11675 Great Oaks Way A 8,000 06/01/2012 N Jones Lang LaSalle 45. Windward Fairways I 0444762 3025 Windward Plaza Dr A 7,746 12/01/2012 Y CB Richard Ellis 46. Brookside Two 0468571 3655 Brookside Pky A 7,728 11/01/2013 Y Colliers International 47. Bldg 200 0445013 950 North Point Pky B 7,568 Y Ryan Cone & Associates 48. Building 100 0444976 4005 Windward Plaza Dr A 7,400 10/01/2012 Y CB Richard Ellis 49. Colonial Center 300 0445553 300 Colonial Center Pky A 7,078 04/01/2011 Y Jones Lang LaSalle 50. Lakeside Two 0444977 6455 E Johns Crossing A 6,553 09/01/2016 Y Meadows & Ohly, LLC 51. The Meadows at Bluegrass 0119749 6875 Shiloh Rd E C 6,533 05/01/2012 Y Power Realty Partners 52. 1455 Old Alabama Rd E 0445337 1455 Old Alabama Rd E B 6,273 07/01/2013 N Ackerman & Co. 53. 1455 Old Alabama Rd E 0445337 1455 Old Alabama Rd E B 5,940 09/01/2014 N Grubb & Ellis 54. Parkside Terrace West 0583948 3780 Mansell Rd A 5,922 06/01/2011 Y The Dryman Team 55. The Park at Windward Concourse 0440680 1725 Windward Concourse A 5,689 10/01/2011 Y CresaPartners of Georgia, LLC 56. Roswell Summit - 100 0041816 1080 Holcomb Bridge Rd B 5,546 04/01/2011 Y Cushman & Wakefield of Georgia, Inc 57. Parkside Terrace West 0583948 3780 Mansell Rd A 5,479 06/01/2011 Y The Dryman Team 58. Mansell One 0444610 3700 Mansell Rd A 5,000 N The Regus Group

Source: CoStar Property®

Under Construction Properties Over 5,000 Square Feet Building Name PID Address RBA Floors Deliv Leasing Co SF Own 1. AdvancED 7569290 9115 Westside Pky 60,000 3 1Q 2011 Advance Education Inc 0 Y 2. Haw Creek Corners - Bldg 300 1193972 1425 Haw Creek Cir 5,000 1 4Q 2011 McWhirter Realty Corp. 5,000 3. Haw Creek Corners - Bldg 1200 1194421 1515 Haw Creek Cir 5,000 1 4Q 2011 McWhirter Realty Corp. 5,000

Proposed Properties Over 5,000 Square Feet Building Name PID Address RBA Floors Gr Brk Leasing Co SF Own 1. The Offices at Prospect Park - Building 2 6584993 Old Milton Pky 400,000 16 Barry Real Estate Companies 400,000 2. NorthWinds Tower 100 5998412 Haynes Bridge Rd 350,000 14 Pope & Land Enterprises 350,000 3. The Offices at Prospect Park - Building 1 6584989 Old Milton Pky 350,000 14 Barry Real Estate Companies 350,000 4. The Offices at Prospect Park - Building 3 6584996 Old Milton Pky 350,000 14 Barry Real Estate Companies 350,000 5. Preston Ridge V 1237972 Webb Bridge Rd 300,000 6 Greenstone Properties, Inc. 300,000 6. Preston Ridge VI 1237981 Webb Bridge Rd 300,000 6 Greenstone Properties, Inc. 300,000 7. Preston Ridge VII 1237986 Webb Bridge Rd 300,000 6 Greenstone Properties, Inc. 300,000 8. Resurgens Park - Bldg 2 0632262 Mansell Rd 279,000 13 American Resurgens Management Corp. 279,000 9. Colonial Center 400 0656214 400 Colonial Center Pky 225,000 6 Jones Lang LaSalle 225,000 10. Colonial Center 600 0656215 600 Colonial Center Pky 225,000 6 Jones Lang LaSalle 225,000 11. Resurgens Park - Bldg 1 0676014 Mansell Rd 220,000 13 American Resurgens Management Corp. 219,999 12. Parkside Terrace 6560560 4000 Mansell Rd 213,800 7 Crossley, Jernigan & Ellison, Inc. 213,800 13. Georgia 400 Center IV 0633923 2355 Lakeview Pky 200,000 7 Daniel Corporation 199,500 14. Deerfield Commons II 0012126 12700 Deerfield Pky 150,000 5 Hines 150,000 15. Stonebridge IV 5860513 1140 Sanctuary Pky 150,000 6 Jones Lang LaSalle 150,000 16. Parkway 400 6239167 Amberpark Dr 150,000 6 Greenstone Properties, Inc. 0 17. Brookside 200 0445458 3700 Brookside Pky 130,622 5 The Alter Group 130,622 18. 100 Kimball Bridge Rd 6834158 100 Kimball Bridge Rd 105,000 5 Greenstone Properties, Inc. 105,000 19. The Park At Windward Concourse 0440681 1730 Windward Concourse 100,500 4 Research in Progress 100,500 20. Lake View III 5059638 1101 Lakewood Pky 75,000 3 Jones Lang LaSalle 75,000 21. Northside Hospital Land Parcel 6013711 971 Haw Creek Rd 60,000 3 0 22. 3275 Marketplace Blvd 6404906 3275 Marketplace Blvd 60,000 4 0 23. Fulton North Medical Pavilion 7727210 11660 Alpharetta Hwy 60,000 3 Ackerman & Co. 60,000 24. 2450 Old Milton Pky 6097441 2450 Old Milton Pky 45,000 1 Cecil B. Day Investment Company 42,000 25. Ronald Reagan Blvd 7530474 Ronald Reagan Blvd 34,200 2 Hart Commercial Realty 34,200 26. The Lakes at Bluegrass - Bldg E 0655616 1370 Bluegrass Lakes Pky 30,000 2 Platford Properties 30,000 27. Windward Pky 7821667 Windward Pky 30,000 2 Ackerman & Co. 30,000 28. Preston Ridge Commons - Bldg J- Phase III 1502299 3155 North Point Pky 24,000 2 Kirbo Property Services, LLC 24,000 29. Building 300 7267976 3275 Marketplace Blvd 24,000 2 JLO Enterprises 24,000 30. 1 Lumpkin Campground Rd 0921114 1-299 Lumpkin Campground Rd 20,200 2 0 31. Parsons Meadow 6034595 10740 Medlock Bridge Rd 18,872 2 TPA Realty Services, LLC 18,872 32. Parsons Meadow 6034699 10720 Medlock Bridge Rd 18,872 2 TPA Realty Services, LLC 18,872 33. 19,000SF office approved on HWY 141 6690523 10695 Medlock Bridge Rd 18,872 2 Anderson Realty Advisors 9,436 34. Lake at Northpoint Park - Bldg IV 0052285 1835 Old Alabama Rd 18,000 2 Nprg 9,000 35. Preston Ridge Commons - Phase II Bldg C 1500871 3155 North Point Pky 15,000 2 Kirbo Property Services, LLC 15,000 36. Preston Ridge Commons - Phase III Bldg. H 1502292 3155 North Point Pky 15,000 2 Kirbo Property Services, LLC 15,000 37. 11760 Haynes Bridge Rd 0704516 11760 Haynes Bridge Rd 14,000 2 Ben F. Kushner Company 0

Source: CoStar Property®

22 COSTAR RESEARCH ADVISORY BOARD ©2010 COSTAR GROUP, INC. ©2010 COSTAR GROUP, INC. COSTAR RESEARCH ADVISORY BOARD 23 ATLANTA – YEAR-END 2010 YEAR-END 2010 – ATLANTA Atlanta Office Market Atlanta Office Market NORTH FULTON MARKET

Proposed Properties Over 5,000 Square Feet Building Name PID Address RBA Floors Gr Brk Leasing Co SF Own 38. The Lakes at Bluegrass - Bldg D 0109458 1364 Bluegrass Lakes Pky 12,897 1 Platford Properties 12,897 39. Preston Ridge Commons - Phase II - Building B 1497492 3155 North Point Pky 12,000 2 Kirbo Property Services, LLC 12,000 40. Preston Ridge Commons - Phase III Bldg. I 1502296 3155 North Point Pky 12,000 2 Kirbo Property Services, LLC 12,000 41. Atlantis Place - Bldg 7 - Atlantis Place 6780330 11700 Atlantis Pl 12,000 3 0 42. Atlantis Place - Bldg 5 - Atlantis Place 6862151 11500 Atlantis Pl 12,000 3 0 43. Parsons Meadow 6034522 10730 Medlock Bridge Rd 9,600 1 TPA Realty Services, LLC 9,600 44. Peachtree Parkway Office Condos - Building 3 6424393 1225 Peachtree Pky 9,600 2 Powell Property Group Inc 8,696 45. The Offices at Castleberry Township - Buildin 6115997 Iron Gate Trace 9,340 2 John Thomas Homes 0 46. Peachtree Parkway Office Condos - Building 2 6424226 1225 Peachtree Pky 8,696 2 Bagley Commercial Properties 0 47. Peachtree Parkway Office Condos - Building 5 6424731 1225 Peachtree Pky 8,696 2 Powell Property Group Inc 8,696 48. Jamestown Commons - Bldg 600 6178843 Jamestown Dr 8,105 1 Westward & Associates 8,105 49. 725 Hembree Pl 7098479 725 Hembree Pl 8,000 1 Terra Firma 8,000 50. North Point Park - Bldg 38 6934654 5755 North Point Pky 7,004 2 5,500 51. 3430 Paddocks Parkway 5609886 3430 Paddocks Parkway 6,600 1 Roberts Commercial Real Estate 6,600 52. 3380 Paddocks Parkway 6317668 3380 Paddocks Parkway 6,600 1 Roberts Commercial Real Estate 6,600 53. 3360 Paddocks Parkway 6317681 3360 Paddocks Parkway 6,600 1 Roberts Commercial Real Estate 6,600 54. West Maple Office Park - Building 300 6586994 514 W Maple St 6,600 1 Keller Williams Realty 6,600 55. West Maple Office Park - Building 400 6587127 514 W Maple St 6,600 1 Keller Williams Realty 6,600 56. West Maple Office Park - Building 500 6587186 514 W Maple St 6,600 1 Keller Williams Realty 6,600 57. West Maple Office Park - Building 700 6587238 514 W Maple St 6,600 1 Keller Williams Realty 6,600 58. West Maple Office Park - Building 800 6587263 514 W Maple St 6,600 1 Keller Williams Realty 6,600 59. West Maple Office Park - Building 900 6587288 514 W Maple St 6,600 1 Keller Williams Realty 6,600 60. West Maple Office Park - Building 1100 6587356 514 W Maple St 6,600 1 Keller Williams Realty 6,600 61. North Point Park - Bldg 47 6934655 5755 North Point Pky 6,560 2 6,560 62. North Point Park - Bldg 46 6934656 5755 North Point Pky 6,560 2 6,560 63. North Point Park - Bldg 45 6934658 5755 North Point Pky 6,560 2 6,560 64. North Point Park - Bldg 44 6934663 5755 North Point Pky 6,560 2 6,560 65. 3820 Windermere Pky 6349215 3820 Windermere Pky 6,330 2 Elrod Development LLC 6,330 66. 3420 Paddocks Parkway 1592911 3420 Paddocks Parkway 5,500 1 Roberts Commercial Real Estate 5,500 67. 3390 Paddocks Parkway 6317654 3390 Paddocks Parkway 5,500 1 Roberts Commercial Real Estate 5,500 68. 3410 Paddocks Parkway 6317662 3410 Paddocks Parkway 5,500 1 Roberts Commercial Real Estate 5,500 69. North Point Park - Bldg 39 6934660 5755 North Point Pky 5,500 2 5,500 70. North Point Park - Bldg 36 6934662 5755 North Point Pky 5,500 2 5,500 71. North Point Park - Bldg 37 6938973 5755 North Point Pky 5,500 2 5,500 72. North Point Park - Bldg 40 6958541 5755 North Point Pky 5,500 2 5,500 73. McFarland Green - Bldg 600 5913530 Hwy 9 & McFarland Rd 5,325 1 Powell Property Group Inc 5,325 74. Boulevard at State Bridge - Bldg 1 - Boulevar 6091967 10605 State Bridge Rd 5,000 1 0

Source: CoStar Property®

Downtown Atlanta

YEAR-END 2010 Atlanta Office Market YEAR-END 2010 – ATLANTA Atlanta Office Market

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28 COSTAR RESEARCH ADVISORY BOARD ©2010 COSTAR GROUP, INC. ©2010 COSTAR GROUP, INC. COSTAR RESEARCH ADVISORY BOARD 29 ATLANTA – YEAR-END 2010 YEAR-END 2010 – ATLANTA Atlanta Office Market Atlanta Office Market DOWNTOWN ATLANTA MARKET

Buildings With Net Absorption This Quarter Over 5,000 Square Feet Building Name PID Address Class RBA Absorption Leasing Co Broker Own 1. Northyards - Bldg 400 0737709 1000 Northyards Blvd C 84,132 11,639 Resource Real Estate Partners Scott DeMyer 2. Marquis Two Tower 0441027 285 Peachtree Center Ave NE A 464,277 6,941 CB Richard Ellis 3. Marquis One Tower 0441026 245 Peachtree Center Ave NE A 460,437 -5,404 CB Richard Ellis 4. Peachtree Center - South Tower 0440742 225 Peachtree St NE A 306,914 -6,440 CB Richard Ellis 5. 34 Peachtree St NW 0096061 34 Peachtree St NW B 282,589 -6,624 Stream Realty Partners, L.P. Benjamin Hautt 6. Centennial Tower 0440793 101 Marietta St NW A 638,731 -12,490 Jackson Oats Shaw Corporate Real Es Jeff Shaw 7. Hurt Building 0440930 50 Hurt Plz SE A 436,340 -15,796 Stream Realty Partners, L.P. Kyle Luby 8. One Ninety One Peachtree Tower 0441757 191 Peachtree St NE A 1,209,721 -26,606 Cousins Properties Incorporated Walter Fish 9. Harris Tower 0440741 233 Peachtree St NE A 394,694 -29,589 CB Richard Ellis

Leases Signed This Quarter Over 5,000 Square Feet Building Name PID Address Class SF Leased Tenant Name Industry Lease Type Own 1. One Ninety One Peachtree Tower 0441757 191 Peachtree St NE A 15,965 HKS, Inc. Engineers/Architects new lease 2. Hurt Building 0440930 50 Hurt Plz SE A 12,647 N/A new lease 3. The Equitable Building 0011716 100 Peachtree St NW A 10,103 N/A new lease

Subleases For Lease Over 5,000 Square Feet Building Name PID Address Class SF Term Vacant Sublease Co Own 1. Bldg 500 0737728 1000 Northyards Blvd C 35,000 09/01/2016 N Jones Lang LaSalle 2. 55 Park Place Phase I 0440995 55 Park Pl NE A 31,344 04/01/2014 Y CB Richard Ellis 3. 55 Park Place Phase I 0440995 55 Park Pl NE A 30,370 04/01/2014 Y CB Richard Ellis 4. 55 Park Place Phase I 0440995 55 Park Pl NE A 30,337 04/01/2014 Y CB Richard Ellis 5. 55 Park Place Phase I 0440995 55 Park Pl NE A 29,786 04/01/2014 Y CB Richard Ellis 6. 55 Park Place Phase I 0440995 55 Park Pl NE A 28,868 04/01/2014 Y CB Richard Ellis 7. 55 Park Place Phase I 0440995 55 Park Pl NE A 27,745 04/01/2014 Y CB Richard Ellis 8. Bldg 100 1238735 387 Technology Cir A 25,000 N Gateway Development Services 9. Bank of America Plaza 0442458 600 Peachtree St NE A 23,345 05/01/2012 Y CB Richard Ellis 10. Bank of America Plaza 0442458 600 Peachtree St NE A 22,877 10/01/2012 Y Raney Real Estate 11. Bank of America Plaza 0442458 600 Peachtree St NE A 22,861 05/01/2020 N Studley Inc. 12. Bank of America Plaza 0442458 600 Peachtree St NE A 22,861 05/01/2020 N Studley Inc. 13. Data Center Hosting 0441200 345 Courtland St NE B 21,900 01/01/2011 N Cushman & Wakefield of Georgia, Inc 14. 30 Allen Plaza 0793583 30 Ivan Allen Blvd NE A 20,000 12/01/2020 N Colliers International 15. The Equitable Building 0011716 100 Peachtree St NW A 19,599 08/01/2012 Y Richard Bowers & Company 16. The Equitable Building 0011716 100 Peachtree St NW A 19,591 10/01/2014 N NAI Brannen Goddard 17. Centennial Tower 0440793 101 Marietta St NW A 18,800 11/01/2010 N CB Richard Ellis 18. Marquis One Tower 0441026 245 Peachtree Center Ave NE A 18,413 07/01/2013 N Ackerman & Co. 19. Rosser International Building 0440997 524 W Peachtree St NW B 15,000 08/01/2012 N Jackson Oats Shaw Corporate Real Es 20. 55 Park Place Phase I 0440995 55 Park Pl NE A 14,002 04/01/2014 Y CB Richard Ellis 21. 55 Allen Plaza 0861963 55 Ivan Allen Blvd NE A 12,951 04/01/2020 N Cushman & Wakefield of Georgia, Inc 22. 260 Peachtree Building 0440750 260 Peachtree St NW A 11,981 02/01/2012 N Richard Bowers & Company

Source: CoStar Property®

Subleases For Lease Over 5,000 Square Feet Building Name PID Address Class SF Term Vacant Sublease Co Own 23. 260 Peachtree Building 0440750 260 Peachtree St NW A 5,900 04/01/2014 N Shailendra Group, LLC 24. 55 Park Place Phase I 0440995 55 Park Pl NE A 5,197 04/01/2014 Y CB Richard Ellis

Source: CoStar Property®

30 COSTAR RESEARCH ADVISORY BOARD ©2010 COSTAR GROUP, INC. ©2010 COSTAR GROUP, INC. COSTAR RESEARCH ADVISORY BOARD 31 ATLANTA – YEAR-END 2010 YEAR-END 2010 – ATLANTA Atlanta Office Market Atlanta Office Market DOWNTOWN ATLANTA MARKET

Proposed Properties Over 5,000 Square Feet Building Name PID Address RBA Floors Gr Brk Leasing Co SF Own 1. 50 Allen Plaza 0862001 50 Ivan Allen Blvd NE 870,914 34 Barry Real Estate Companies 821,406 2. 55 Park Place Phase II 0441795 55 Park Pl NE 500,000 19 Cushman & Wakefield of Georgia, Inc 494,000 3. 24 Allen Plaza 6442441 24 Ivan Allen Blvd NE 395,379 15 Barry Real Estate Companies 383,235 4. 389 Technology Cir 6559119 389 Technology Cir 124,131 5 Gateway Development Services 99,304

Source: CoStar Property®

Central Perimeter

YEAR-END 2010 Atlanta Office Market YEAR-END 2010 – ATLANTA Atlanta Office Market

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36 COSTAR RESEARCH ADVISORY BOARD ©2010 COSTAR GROUP, INC. ©2010 COSTAR GROUP, INC. COSTAR RESEARCH ADVISORY BOARD 37 ATLANTA – YEAR-END 2010 YEAR-END 2010 – ATLANTA Atlanta Office Market Atlanta Office Market CENTRAL PERIMETER MARKET

Buildings With Net Absorption This Quarter Over 5,000 Square Feet Building Name PID Address Class RBA Absorption Leasing Co Broker Own 1. 1001 Summit Boulevard 0437561 1001 Summit Blvd NE A 572,643 112,316 CB Richard Ellis Brad Jancik 2. Three Ravinia Drive 0437488 3 Ravinia Dr A 813,145 74,215 CB Richard Ellis Chris Port 3. Concourse Corporate Center Six 0113004 6 Concourse Pky NE A 697,400 43,361 Cousins Properties Incorporated Teresa Johnson 4. Lakeside Commons II 0444690 980 Hammond Dr NE A 298,249 17,323 Grubb & Ellis Tom Miller 5. Perimeter Center West 0439803 1155 Perimeter Ctr W A 310,194 13,675 TPA Realty Services, LLC Bryan Heller 6. 100 Glenridge Point 0440771 100 Glenridge Point Pky NE B 91,477 13,422 Highwoods Properties, Inc. Mike Wells 7. Concourse Corporate Center Two 0113046 2 Concourse Pky NE A 288,816 10,289 Cousins Properties Incorporated David Shope 8. Two Ravinia Drive 0437487 2 Ravinia Dr A 437,826 10,205 CB Richard Ellis Chris Port 9. Perimeter Town Center - Bldg K 1546624 1140 Hammond Dr NE A 57,637 9,014 Ackerman & Co. Gwen Wegman 10. Glenridge Highlands One 0444650 5555 Glenridge Connector A 289,879 7,960 Transwestern Greg Frankum 11. 1200 Ashwood Pky 0437562 1200 Ashwood Pky A 180,840 6,075 CB Richard Ellis 12. Dunwoody Corporate Center 0437470 4675 N Shallowford Rd C 20,241 5,913 McWhirter Realty Corp. Chip Mack 13. South Terraces 0437497 115 Perimeter Center Pl NE A 535,233 5,825 Barry Real Estate Companies Andy Sumlin 14. 50 Glenlake - Bldg 50 0444847 50 Glenlake Pky NE A 144,409 -5,234 Highwoods Properties, Inc. Mike Wells 15. Management Cybernetics Office Bldg 0438326 1567 Mount Vernon Rd B 10,942 -6,620 Management Cybernetics Internationa Chris Wood 16. 900 Ashwood Pky 0437563 900 Ashwood Pky A 201,469 -10,692 Transwestern Greg Frankum 17. Glenridge 0441081 5871 Glenridge Dr NE B 64,682 -11,652 CB Richard Ellis 18. 7000 Central Pky NE 0441220 7000 Central Pky NE A 415,324 -14,116 Grubb & Ellis Tom Miller 19. 5883 Glenridge Dr NE 0440917 5883 Glenridge Dr NE B 32,208 -16,104 M3 Millennium Companies David Jones 20. Centrum at Glenridge 0114541 780 Johnson Ferry Rd NE A 183,000 -21,020 Ackerman & Co. Gwen Wegman 21. 3003 Perimeter Summit 0439850 3003 Summit Blvd A 390,882 -24,000 CB Richard Ellis Brad Jancik 22. Ashford Green I 0437197 4170 Ashford Dunwoody Rd NE A 264,146 -24,994 Manulife Financial Rick Strom 23. 245 Perimeter Center Pky NE 0437213 245 Perimeter Center Pky NE B 249,286 -27,043 NAI Brannen Goddard Greg Bagwell 24. Lakeside Commons I 0441077 990 Hammond Dr NE A 221,481 -28,506 Grubb & Ellis Tom Miller 25. Glenridge Highlands II 0444651 5565 Glenridge Connector A 415,000 -31,658 Grubb & Ellis Tom Miller 26. Lakeside Office Park - Bldg C 0441699 5775 Glenridge Dr NE B 49,151 -42,392 Daniel Corporation John Zintak 27. 2002 Summit Boulevard 0649398 2002 Summit Blvd A 390,139 -43,416 CB Richard Ellis Brad Jancik 28. North Terraces 0437461 400 Perimeter Center Ter NE A 518,658 -63,732 Barry Real Estate Companies Andy Sumlin

Leases Signed This Quarter Over 5,000 Square Feet Building Name PID Address Class SF Leased Tenant Name Industry Lease Type Own 1. 56 Perimeter Ctr E 0437392 56 Perimeter Ctr E B 63,500 Munich American Reassurance Company Insurance renewal 2. Concourse Corporate Center Five 0113130 5 Concourse Pky NE A 26,133 N/A new lease 3. Palisades - Bldg D 0443684 5909 Peachtree Dunwoody Rd NE A 25,009 N/A new lease 4. Sterling Pointe II 0438020 303 Perimeter Ctr N A 17,418 The Lane Company new lease 5. 100 Glenridge Point 0440771 100 Glenridge Point Pky NE B 17,291 Hospitality Staffing Solutions, LLC Business Services new lease 6. Concourse Corporate Center Six 0113004 6 Concourse Pky NE A 13,479 Samsung Electro Mechanics Manufacturing new lease 7. Lakeside Commons I 0441077 990 Hammond Dr NE A 9,933 N/A new lease 8. Meridian Mark Plaza 0445168 5445 Meridian Mark Rd B 9,701 N/A new lease 9. 2002 Summit Boulevard 0649398 2002 Summit Blvd A 7,667 NDS new lease 10. Perimeter Town Center - Bldg E 1111180 1150 Hammond Dr A 7,056 N/A new lease 11. 7000 Central Pky NE 0441220 7000 Central Pky NE A 6,262 N/A new lease 12. Palisades - Bldg A 0440770 5901 Peachtree Dunwoody Rd NE A 6,031 N/A new lease

Source: CoStar Property®

Leases Signed This Quarter Over 5,000 Square Feet Building Name PID Address Class SF Leased Tenant Name Industry Lease Type Own 13. Palisades - Bldg B 0441696 5901 Peachtree Dunwoody Rd NE A 6,002 N/A new lease 14. The Pointe - Bldg 500 0440900 500 Northridge Rd A 5,814 Veracity Payments Business Services new lease 15. North Terraces 0437461 400 Perimeter Center Ter NE A 5,441 Teplis Travel Business Services new lease 16. 2002 Summit Boulevard 0649398 2002 Summit Blvd A 5,044 Quest Search Group Business Services new lease

Subleases For Lease Over 5,000 Square Feet Building Name PID Address Class SF Term Vacant Sublease Co Own 1. Concourse Corporate Center Four 0113020 4 Concourse Pky NE A 38,758 05/01/2012 Y CB Richard Ellis 2. Concourse Corporate Center Four 0113020 4 Concourse Pky NE A 38,758 05/01/2012 Y CB Richard Ellis 3. 3003 Perimeter Summit 0439850 3003 Summit Blvd A 24,000 10/01/2012 Y CB Richard Ellis 4. 64 Perimeter Ctr E 0437496 64 Perimeter Ctr E A 22,736 12/01/2015 Y CB Richard Ellis 5. Bldg D 0441700 5775 Glenridge Dr NE B 22,326 05/01/2014 Y CB Richard Ellis 6. Perimeter Center 0437215 219 Perimeter Center Pky NE B 21,947 06/01/2013 Y Colliers International 7. 66 Perimeter Ctr E 0437391 66 Perimeter Ctr E A 21,776 08/01/2011 N CB Richard Ellis 8. 5883 Glenridge Dr NE 0440917 5883 Glenridge Dr NE B 16,104 01/01/2012 Y Colliers International 9. Barfield Road/Mount Vernon Hwy 0516199 6303 Barfield Rd NE A 16,000 05/01/2013 Y Jones Lang LaSalle 10. Bldg D 0441700 5775 Glenridge Dr NE B 14,756 05/01/2014 N CB Richard Ellis 11. 270 Carpenter Dr NE 0440973 270 Carpenter Dr NE B 14,720 11/01/2014 Y Newmark Knight Frank 12. 100 Glenridge Point 0440771 100 Glenridge Point Pky NE B 13,422 02/01/2014 N Richard Bowers & Company 13. One Glenlake 0445570 1 Glenlake Pky NE A 12,500 Y Coldwell Banker Commercial NRT 14. Concourse Corporate Center Six 0113004 6 Concourse Pky NE A 12,447 12/01/2011 N Wildmor Realty Inc. 15. The Pointe - Bldg 400 0441061 400 Northridge Rd A 12,096 N Grubb & Ellis 16. Glenridge 0441081 5871 Glenridge Dr NE B 11,652 01/01/2012 Y Colliers International 17. 5887 Glenridge Dr NE 0441112 5887 Glenridge Dr NE B 8,627 05/01/2012 Y M3 Millennium Companies 18. Concourse Corporate Center Two 0113046 2 Concourse Pky NE A 6,498 12/01/2011 N Carter 19. Concourse Corporate Center Five 0113130 5 Concourse Pky NE A 6,348 07/01/2014 Y PartnersAtlanta 20. Two Premier Plaza 0441782 5607 Glenridge Dr NE A 5,618 08/01/2015 Y CresaPartners of Georgia, LLC 21. 47 Perimeter Ctr E 0437205 47 Perimeter Ctr E B 5,545 10/01/2013 Y Jones Lang LaSalle 22. 53 Perimeter Ctr E 0041865 53 Perimeter Ctr E B 5,354 06/01/2011 Y Research in Progress

Source: CoStar Property®

38 COSTAR RESEARCH ADVISORY BOARD ©2010 COSTAR GROUP, INC. ©2010 COSTAR GROUP, INC. COSTAR RESEARCH ADVISORY BOARD 39 ATLANTA – YEAR-END 2010 YEAR-END 2010 – ATLANTA Atlanta Office Market Atlanta Office Market CENTRAL PERIMETER MARKET

Proposed Properties Over 5,000 Square Feet Building Name PID Address RBA Floors Gr Brk Leasing Co SF Own 1. 240 Perimeter Center Pky 6598815 240 Perimeter Center Pky 600,000 24 Barry Real Estate Companies 600,000 2. Cox Enterprises Headquarters 7707048 9000 Central Park W 528,000 1 0 3. Palisades - Bldg E 0444506 5901 Peachtree Dunwoody Rd NE 350,000 15 Shorenstein Realty Services 350,000 4. MARTA Sandy Springs Site - Phase I 0741679 Abernathy Rd 285,000 12 Ackerman & Co. 285,000 5. MARTA Sandy Springs Site - Phase II 0742345 Abernathy Rd 285,000 12 Ackerman & Co. 285,000 6. Glenridge Point 300 0597487 300 Glenridge Point Pky NE 250,000 11 Highwoods Properties, Inc. 250,000 7. Two NorthPlace 0804642 6403 Barfield Rd NE 239,969 10 Jones Lang LaSalle 239,969 8. 5619 Lake Forrest Dr 6450404 5619 Lake Forrest Dr 22,000 2 Parrish & Associates 22,000

Source: CoStar Property®

Northeast Atlanta

YEAR-END 2010 Atlanta Office Market YEAR-END 2010 – ATLANTA Atlanta Office Market

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44 COSTAR RESEARCH ADVISORY BOARD ©2010 COSTAR GROUP, INC. ©2010 COSTAR GROUP, INC. COSTAR RESEARCH ADVISORY BOARD 45 ATLANTA – YEAR-END 2010 YEAR-END 2010 – ATLANTA Atlanta Office Market Atlanta Office Market NORTHEAST ATLANTA MARKET

Buildings With Net Absorption This Quarter Over 5,000 Square Feet Building Name PID Address Class RBA Absorption Leasing Co Broker Own 1. Pinnacle Center - Bldg 400 0446201 400 Pinnacle Way B 46,316 46,316 2. Pinnacle Center - Bldg 500 0446421 500 Pinnacle Ct B 43,433 43,433 3. IntelliCenter - Atlanta 1185403 2530 Sever Rd A 150,063 26,165 CB Richard Ellis 4. One Sugarloaf Centre 6770491 1960 Satellite Blvd A 108,686 20,743 Brand Properties Richard Rollins 5. 3139 Campus Dr 0445830 3139 Campus Dr B 37,800 18,900 Optima Properties, LLC Jonathan Galucki 6. 6224 Sugarloaf Pky 5768777 6224 Sugarloaf Pky B 25,995 11,600 Brand Properties Richard Rollins 7. 3468 Duluth Hwy 0899641 3468 Duluth Hwy C 10,341 10,341 Rich Real Estate Services, Inc. Kirk Rich 8. 1637 Athens Hwy 7506922 1637 Athens Hwy C 10,339 10,339 9. 270 Scientific Dr 0445649 270 Scientific Dr C 39,827 9,826 Atlanta Office Realty, Inc. Brad Kuehn 10. The Crescent 0445796 3473 Satellite Blvd A 113,368 6,736 Rich Real Estate Services, Inc. Kirk Rich 11. 3301 Berkeley Lake Rd 5686863 3301 Berkeley Lake Rd B 6,000 6,000 David S Lee, LLC 12. Sun Data 0448077 2 Sun Ct A 98,040 5,730 TPA Realty Services, LLC Bryan Heller 13. Alexander Law Offices 0012366 4197 Pleasant Hill Rd B 5,880 5,390 Ballew Real Estate Services Lisa Ballew 14. 2763 Meadow Church Rd 0448161 2763 Meadow Church Rd B 54,720 5,000 Grace Realty Professionals Inc Brian Elrod 15. Building 1 0447302 629 Airport Rd C 15,000 -5,000 Better Homes and Garden Real Estate Jim Mroczkowski 16. 3867 Holcomb Bridge Rd 0012228 3867 Holcomb Bridge Rd B 11,066 -5,150 Eastern Holdings, LLC. Jeff Kim 17. 3605 Braselton Hwy 0681418 3605 Braselton Hwy B 5,250 -5,250 Richard Bowers & Company 18. 2089 Teron Trace 1189276 2089 Teron Trace B 33,182 -5,306 Gibraltar Development Phil Christian 19. Lakeside at Peachtree Corners-North 0448001 5250 Triangle Pky B 56,519 -5,894 Stream Realty Partners, L.P. Kyle Luby 20. Meridian I @ Tech Park - Building 1 1154727 5448 Spalding Dr B 12,000 -6,000 Stream Realty Partners, L.P. Kyle Luby 21. Building 2 7388154 629 Airport Rd C 11,948 -6,000 Equity Realty Associates, LLC Verne Fowler 22. Horizon @ Norcross - Building 300 6223154 4720 Peachtree Industrial Blvd B 8,288 -6,204 Horizon Real Estate Ventures, LLC Baha Kharazmi 23. 3200 Peachtree Industrial Blvd 0446681 3200 Peachtree Industrial Blvd B 24,000 -6,362 Ackerman & Co. Shea Meddin 24. Westlake Business Center 0448165 400 Technology Pky B 20,160 -6,573 Stream Realty Partners, L.P. Kyle Luby 25. Walther Professional Center 7370247 766 Walther Rd B 20,000 -7,100 HealthAmerica Realty Group Michelle Boyd 26. 2470 Satellite Blvd 0109165 2470 Satellite Blvd B 51,200 -7,652 Jackson Oats Shaw Corporate Real Es Jeff Shaw 27. Chattahoochee Corners @ Rivergreen 0448125 4365 River Green Pky B 45,964 -8,133 The Alter Group Todd Yates 28. Crestwood Building 0445836 3675 Crestwood Pky NW A 92,050 -9,057 CB Richard Ellis Elliott Grand 29. 3740 Davinci Ct 0516937 3740 Davinci Ct A 100,318 -10,118 EOLA Capital Leah Yzerman 30. Breckinridge - Bldg 700 0446651 3100 Breckinridge Blvd B 56,088 -10,199 CB Richard Ellis Trey Barry 31. 3550 Corporate Way 0446688 3550 Corporate Way B 32,178 -16,069 Resource Real Estate Partners Matt Davis 32. Sugarloaf Office VI 0848469 2905 Premiere Pky B 80,000 -27,144 Duke Realty Corporation Craig Flanagan 33. Satellite Place - Bldg 400 0447796 3235 Satellite Blvd A 141,371 -38,926 Lavista Associates, Inc. Heather Lamb 34. Gwinnett Center-Duluth Building 0446385 3505 Koger Blvd A 98,723 -47,411 Rich Real Estate Services, Inc. Kirk Rich

Leases Signed This Quarter Over 5,000 Square Feet Building Name PID Address Class SF Leased Tenant Name Industry Lease Type Own 1. 6340 Sugarloaf Pky 0745911 6340 Sugarloaf Pky A 26,520 N/A new lease 2. Chattahoochee Corners @ Rivergreen 0448127 4385 River Green Pky B 9,937 N/A new lease 3. Sun Data 0448077 2 Sun Ct A 5,730 N/A new lease

Source: CoStar Property®

Subleases For Lease Over 5,000 Square Feet Building Name PID Address Class SF Term Vacant Sublease Co Own 1. Royal Peachtree Corners - Bldg 4 0446093 3587 Parkway Ln B 28,800 Y CB Richard Ellis 2. Spalding Ridge 0447592 5445 Triangle Pky A 26,906 07/01/2011 N DWA Properties 3. Spalding Ridge 0447592 5445 Triangle Pky A 26,906 07/01/2011 N DWA Properties 4. Bldg 800 0658206 3095 Satellite Blvd A 23,483 05/01/2012 N Jones Lang LaSalle 5. Bldg 800 0658206 3095 Satellite Blvd A 23,483 05/01/2012 N Jones Lang LaSalle 6. Bldg 800 0658206 3095 Satellite Blvd A 22,346 05/01/2012 N Jones Lang LaSalle 7. 6625 The Corners Pky 0123521 6625 The Corners Pky A 22,346 03/01/2016 N Benchmark Commercial Real Estate Se 8. 3550 Engineering Dr NW 0447921 3550 Engineering Dr NW A 22,243 02/01/2018 Y Jones Lang LaSalle 9. 22 Technology Pky S 0445639 22 Technology Pky S B 22,066 12/01/2013 N CB Richard Ellis 10. 22 Technology Pky S 0445639 22 Technology Pky S B 22,066 12/01/2013 N CB Richard Ellis 11. 3550 Engineering Dr NW 0447921 3550 Engineering Dr NW A 20,100 01/01/2018 N Transwestern 12. 35 Technology Pky S 0447585 35 Technology Pky S B 20,000 05/01/2012 N Jones Lang LaSalle 13. Bldg 333 0118679 333 Research Ct B 19,343 06/01/2013 N Studley Inc. 14. Technology Park/Atlanta - Bldg 30 0447822 30 Technology Pky S B 16,698 12/01/2017 Y Cushman & Wakefield of Georgia, Inc 15. 680 Engineering Dr 0445873 680 Engineering Dr B 16,401 04/01/2015 N Green Commercial Properties, Inc. 16. 4400 River Green Pky 0447803 4400 River Green Pky B 15,875 07/01/2011 N Corporate Realty Associates, Inc. 17. Chattahoochee Corners @ Rivergreen 0448125 4365 River Green Pky B 15,372 09/01/2013 Y CB Richard Ellis 18. Royal Peachtree Corners - Bldg 4 0446093 3587 Parkway Ln B 15,142 Y CB Richard Ellis 19. Lakeside at Spalding Triangle - 300 0447834 5430 Metric Pl B 14,943 04/01/2013 Y PartnersAtlanta 20. 680 Engineering Dr 0445873 680 Engineering Dr B 13,138 04/01/2015 N Green Commercial Properties, Inc. 21. Peachtree Corners II 0448096 4855 Peachtree Industrial Blvd B 11,534 07/01/2011 Y CresaPartners of Georgia, LLC 22. Gwinnett Center-Clarkston Building 0446386 3555 Koger Blvd A 8,046 05/01/2011 Y Ackerman & Co. 23. Bldg 400 0447796 3235 Satellite Blvd A 7,761 06/01/2011 N CresaPartners of Georgia, LLC 24. 6625 The Corners Pky 0123521 6625 The Corners Pky A 7,200 03/01/2016 N Benchmark Commercial Real Estate Se 25. Forum Peachtree Parkway 0921004 5185 Peachtree Pky A 5,168 04/01/2012 N NAI Brannen Goddard 26. Gwinnett Center-Duluth Building 0446385 3505 Koger Blvd A 5,031 06/01/2012 N JWB Realty

Source: CoStar Property®

46 COSTAR RESEARCH ADVISORY BOARD ©2010 COSTAR GROUP, INC. ©2010 COSTAR GROUP, INC. COSTAR RESEARCH ADVISORY BOARD 47 ATLANTA – YEAR-END 2010 YEAR-END 2010 – ATLANTA Atlanta Office Market Atlanta Office Market NORTHEAST ATLANTA MARKET

Year-To-Date Deliveries Over 5,000 Square Feet Building Name PID Address RBA Floors Deliv Leasing Co SF Own 1. 631 Professional Dr 7705186 631 Professional Dr 127,226 4 1Q 2010 Meadows & Ohly, LLC 25,897 2. 4131 Steve Reynolds Blvd 7610606 4131 Steve Reynolds Blvd 7,000 2 4Q 2010 Eugene J, Inc. 7,000 3. 4161 Steve Reynolds Blvd 7610607 4161 Steve Reynolds Blvd 7,000 2 4Q 2010 Eugene J, Inc. 7,000 4. 4121 Steve Reynolds Blvd 7610611 4121 Steve Reynolds Blvd 7,000 2 1Q 2010 Eugene J, Inc. 3,500

Under Construction Properties Over 5,000 Square Feet Building Name PID Address RBA Floors Deliv Leasing Co SF Own 1. Emory Eastside Medical Center 7690423 1600 Medical Way 40,162 2 2Q 2011 BremnerDuke Healthcare 17,490 2. 605 B 7712718 605 Old Norcross Rd 24,000 2 1Q 2011 Kingston Commercial Real Estate 24,000 3. 2828 Five Forks Trickum Rd 7745081 2828 Five Forks Trickum Rd 13,000 2 1Q 2011 Lynx Real Estate, Inc. 13,000 4. Riverdance Office Park - Bldg 100 - Riverdanc 6190795 1110 Satellite Blvd 7,134 1 3Q 2011 Ackerman & Co. 4,982 5. 4151 Steve Reynolds Blvd 7610608 4151 Steve Reynolds Blvd 7,000 2 1Q 2011 Eugene J, Inc. 7,000 6. 4141 Steve Reynolds Blvd 7610609 4141 Steve Reynolds Blvd 7,000 2 1Q 2011 Eugene J, Inc. 7,000

Proposed Properties Over 5,000 Square Feet Building Name PID Address RBA Floors Gr Brk Leasing Co SF Own 1. 4645 River Green Pky 5742048 4645 River Green Pky 200,000 1 Grubb & Ellis 200,000 2. 2700 Old Winder Hwy 7721829 2700 Old Winder Hwy 180,000 3 Sperry Van Ness Hokayem 56,666 3. Built to Suit 6905557 Sever Rd 175,000 1 Cushman & Wakefield of Georgia, Inc 175,000 4. Option 2 6923324 Huntcrest Way 175,000 2 Cushman & Wakefield of Georgia, Inc 175,000 5. 1000 Legacy 6217250 1000 Legacy Ave 172,000 6 Duke Realty Corporation 172,000 6. Huntcrest West - Building 100 0886737 Satellite Blvd 137,500 5 Greenstone Properties, Inc. 0 7. Huntcrest West - Building 200 0903777 Satellite Blvd 137,500 5 Pope & Land Enterprises, Inc 0 8. Huntcrest West - Building 300 0903798 Satellite Blvd 137,500 5 Greenstone Properties, Inc. 0 9. Huntcrest West - Building 400 0903805 Satellite Blvd 137,500 5 Greenstone Properties, Inc. 0 10. 2050 Sugarloaf Cir 5690141 2050 Sugarloaf Cir 123,000 4 Taylor & Mathis, Inc. 120,000 11. Option 1 6923313 Huntcrest Way 107,000 1 Cushman & Wakefield of Georgia, Inc 107,000 12. 3130 Northwoods Place 0636439 3130 Northwoods Place 52,000 1 M3 Millennium Companies 0 13. Cedars Creek - Bldg 2 0620820 Highway 316 45,500 1 Resource Real Estate Partners 45,500 14. Gwinnett Progress Center - Bldg 2 - Cedars Cr 6218542 1120 Hurricane Shoals Rd 45,000 1 Bull Realty Inc 45,000 15. Georgia Physician Center 7261574 GA Hwy 78 40,000 1 Ackerman & Co. 40,000 16. Georgia Physician Center I 7833253 Tree Ln 40,000 2 Ackerman & Co. 40,000 17. Georgia Physician Center II 7850780 Tree Ln 40,000 2 Ackerman & Co. 40,000 18. Build to Suit 0615194 2805 Peachtree Industrial Blvd 38,200 2 0 19. 700 Old Peachtree Rd 7751253 700 Old Peachtree Rd 30,000 2 Ackerman & Co. 30,000 20. 2720 Peachtree Industrial Blvd 7392968 2720 Peachtree Industrial Blvd 27,000 3 27,000 21. Stone Mountain Hospital 6523795 4417 Stone Mountain Hwy 24,000 1 1Q 2011 0 22. 738 Old Norcross Rd 5332200 738 Old Norcross Rd 19,975 1 Diagnostic Ventures, LLC 11,073 23. Horizon Summit - Bldg 100 6824088 415 Horizon Dr 16,000 1 Colliers International 16,000 24. 5422 Cumming Hwy 5531700 5422 Cumming Hwy 14,000 2 Ember Corporation 7,000

Source: CoStar Property®

Proposed Properties Over 5,000 Square Feet Building Name PID Address RBA Floors Gr Brk Leasing Co SF Own 25. The Traditions at Sugarloaf - Bldg H 6258574 4799 Sugarloaf Pky 14,000 1 Tradition Holdings 14,000 26. Brookwood Manor - Building 1 6958496 2828 Five Forks Trickum Dr 13,000 2 The Acres Group, LLC 13,000 27. Brookwood Manor - Building 2 6958515 2828 Five Forks Trickum Dr 13,000 2 The Acres Group, LLC 13,000 28. Brookwood Manor - Building 3 6958522 2828 Five Forks Trickum Dr 13,000 2 The Acres Group, LLC 13,000 29. Brookwood Manor - Building 4 6958540 2828 Five Forks Trickum Dr 13,000 2 The Acres Group, LLC 13,000 30. Lyle Cir 0597511 Lyle Cir 12,000 1 Brokers of Atlanta, Inc. 12,000 31. Adash 2 - Proposed 6,000 SF 0845870 2190 N Norcross Tucker Rd 12,000 1 The Quin Group, Inc. 12,000 32. Adash 3 - Proposed 6,000 SF 6053521 2190 N Norcross Tucker Rd 12,000 2 The Quin Group, Inc. 12,000 33. Philip Professional Center - Building 300 “C” 6289569 455 Philip Blvd 12,000 1 Cauley Properties 12,000 34. 3425 Buford Dr 7117496 3425 Buford Dr 12,000 2 Greystone I, LLC 12,000 35. 5422 Cumming Hwy 5531648 5422 Cumming Hwy 10,000 2 Sperry Van Ness/AREP 10,000 36. Summit Ridge Office Park - Bldg 600 5783356 3296 Summit Ridge Pky 10,000 2 Parkside Developers, LLC 10,000 37. Summit Ridge Office Park - Bldg 700 6248906 3296 Summit Ridge Pky 10,000 2 Parkside Developers, LLC 10,000 38. Summit Ridge Office Park - Bldg 800 6248917 3296 Summit Ridge Pky 10,000 2 Parkside Developers, LLC 10,000 39. Philip Professional Center - Building 400 “D” 6289584 455 Philip Blvd 9,600 1 Cauley Properties 9,600 40. Edgewater Trail - Bldg F - Edgewater Trail 6088132 1957 Buford Hwy 7,045 2 0 41. 3027 Jim Moore Rd 6611576 3027 Jim Moore Rd 6,500 1 Jebco Ventures Inc 6,500 42. Cross Creek Village - Bldg 1 6173895 864 Legacy Park Dr 6,000 2 Bull Realty Inc 0 43. Cross Creek Village - Bldg 2 6174129 868 Legacy Park Dr 6,000 2 0 44. Cross Creek Village - Bldg 3 6174202 872 Legacy Park Dr 6,000 2 0 45. 510 Old Peachtree Rd 6747320 510 Old Peachtree Rd 6,000 1 Colliers International 6,000 46. McKendree Commons - Bldg 500 0766712 1670 McKendree Church Rd 5,000 1 The Norton Agency 0

Source: CoStar Property®

Northlake

YEAR-END 2010 Atlanta Office Market

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52 COSTAR RESEARCH ADVISORY BOARD ©2010 COSTAR GROUP, INC. ©2010 COSTAR GROUP, INC. COSTAR RESEARCH ADVISORY BOARD 53 ATLANTA – YEAR-END 2010 YEAR-END 2010 – ATLANTA Atlanta Office Market Atlanta Office Market NORTHLAKE MARKET

Buildings With Net Absorption This Quarter Over 5,000 Square Feet Building Name PID Address Class RBA Absorption Leasing Co Broker Own 1. Druid Chase - Bldg 6 0437265 6 W Druid Hills Dr NE B 80,757 80,755 Duke Realty Limited Partnership 2. 3155 Tucker Norcross Rd 5430973 3155 Tucker Norcross Rd C 15,787 15,786 Tucker Norcross, LLC Leo Ahn 3. Century Plaza I 0437155 2987 Clairmont Rd NE B 106,930 13,766 Highwoods Properties, Inc. Jim Legg 4. Northlake Medical Office Bldg 0104656 2060 Northlake Pky C 12,800 12,800 RE/MAX Greater Atlanta Darlene Phillips 5. 1160 Monticello St 7688204 1160 Monticello St B 12,000 12,000 RE/MAX Agents Realty Marshall Ginn 6. Blackstone Centre II 0437556 1797 Northeast Expy B 83,000 10,196 Rich Real Estate Services, Inc. Kirk Rich 7. North Druid Hills Office - Bldg 225 0438259 2250 N Druid Hills Rd NE C 57,000 8,592 Bruntwood Estates Usa Inc. Beverly Northcutt 8. 4391 Buford Hwy 7399217 4391 Buford Hwy C 8,330 8,330 Keller Williams Realty Atlanta Peri David Conrad 9. Corporate Square Building 13 0437242 13 Corporate Sq NE B 30,509 8,281 Taylor & Mathis, Inc. Kerry O’Brien 10. Village Place at Brookhaven - Build 5392937 1418 Dresden Dr B 32,000 8,029 JCK Realty, LLC John Kimbrough 11. 2296 Henderson Mill Rd NE 0437192 2296 Henderson Mill Rd NE B 73,953 5,925 The Miller Group, LLP Robert Miller 12. One Decatur Town Center 0437501 150 E Ponce De Leon Ave A 82,533 5,893 DTC Property Manager Laura Prewett 13. 1380 Milstead Ave NE 0448886 1380 Milstead Ave NE B 20,500 5,874 JJLS Enterprises LLC 14. 3264 Shallowford Rd 6519701 3264 Shallowford Rd C 5,538 5,538 15. Blackstone Centre I 0437933 1777 Northeast Expy B 43,000 5,449 Rich Real Estate Services, Inc. Kirk Rich 16. Globe Corporate Center 0437436 1954 Airport Rd B 52,010 5,439 The Miller Group, LLP Robert Miller 17. Wall Street Executive Suites 0020045 2365 Wall St SE B 10,000 -5,000 KW Commercial Atlanta Midtown Nichole Riley 18. 1255 Commercial Dr SW 6769851 1255 Commercial Dr SW B 5,405 -5,405 Bull Realty Inc Jared Daley 19. One West Court Square 0097561 1 W Court Sq A 150,762 -5,613 Scott & Associates, Inc. Tom Parker 20. Snapfinger Woods Professional Ctr 0438657 5040 Snapfinger Woods Dr B 25,820 -5,689 Keller Williams Realty Atlanta Peri Mike Eichenseer 21. Kensington Office Park - Building C 6103234 4151 Memorial Dr C 10,857 -5,921 The Kensington Group Warren Miltimore, CPM 22. 910 N Hairston Rd 0013410 910 N Hairston Rd C 6,000 -6,000 Richard Bowers & Company Grahame Wood 23. Northlake Triangle Bldg 0013367 2244 Henderson Mill Rd NE B 13,740 -6,349 Skyline Seven Properties, LLC Andy Mitwol 24. 889 Commerce Dr SW 0634263 889 Commerce Dr SW C 10,500 -7,000 American Land Mart Inc Alton Housworth 25. 1095 Zonolite Rd NE 0439253 1095 Zonolite Rd NE C 16,300 -7,464 Graham & Arthur LLC John Graham 26. 2425 Wall St 0659914 2425 Wall St C 10,307 -10,307 Lavista Associates, Inc. Bobby Mayson 27. 695 Pylant St 0445390 695 Pylant St C 12,012 -12,012 Richard Bowers & Company Ernie Baker 28. Corporate Square Building 2 0437267 2 Corporate Sq NE B 42,386 -12,978 Taylor & Mathis, Inc. Kerry O’Brien

Leases Signed This Quarter Over 5,000 Square Feet Building Name PID Address Class SF Leased Tenant Name Industry Lease Type Own 1. Corporate Square Building 13 0437242 13 Corporate Sq NE B 7,571 Academy For Educational Development Personal Services new lease 2. Blackstone Centre I 0437933 1777 Northeast Expy B 5,449 N/A new lease

Subleases For Lease Over 5,000 Square Feet Building Name PID Address Class SF Term Vacant Sublease Co Own 1. Century Plaza I 0437155 2987 Clairmont Rd NE B 23,104 09/01/2012 Y CB Richard Ellis 2. Park Central Office Bldg 0437539 2970 Clairmont Rd NE A 21,841 10/01/2020 N Cushman & Wakefield of Georgia, Inc 3. Park Central Office Bldg 0437539 2970 Clairmont Rd NE A 21,721 10/01/2020 N Cushman & Wakefield of Georgia, Inc 4. Century Plaza I 0437155 2987 Clairmont Rd NE B 17,059 09/01/2012 Y Colliers International

Source: CoStar Property®

Subleases For Lease Over 5,000 Square Feet Building Name PID Address Class SF Term Vacant Sublease Co Own 5. 2830 Dresden Dr NE 0013349 2830 Dresden Dr NE B 13,453 06/01/2014 Y CB Richard Ellis 6. 2830 Dresden Dr NE 0013349 2830 Dresden Dr NE B 13,453 06/01/2014 Y CB Richard Ellis 7. Corporate Square Building 2 0437267 2 Corporate Sq NE B 12,978 04/01/2011 N CB Richard Ellis 8. 1979 Lakeside Pky 0437813 1979 Lakeside Pky A 9,243 08/01/2013 N NAI Brannen Goddard 9. Century Center North 3107 0439714 3107 Clairmont Rd B 7,500 02/01/2011 Y CB Richard Ellis 10. Park Central Office Bldg 0437539 2970 Clairmont Rd NE A 7,484 07/01/2013 Y Richard Bowers & Company 11. 200 E Ponce De Leon Ave 0821513 200 E Ponce De Leon Ave B 7,000 Y Meadows & Ohly, LLC 12. 4120 Presidential Pky 0439926 4120 Presidential Pky B 6,308 06/01/2011 Y Lee & Associates Commercial R E Svc 13. 2300 Henderson Mill Rd NE 0437154 2300 Henderson Mill Rd NE B 6,250 Y Frank M. Darby Company 14. Bldg 15 0437198 2302 Parklake Dr NE B 6,138 01/01/2012 N Cushman & Wakefield of Georgia, Inc

Source: CoStar Property®

54 COSTAR RESEARCH ADVISORY BOARD ©2010 COSTAR GROUP, INC. ©2010 COSTAR GROUP, INC. COSTAR RESEARCH ADVISORY BOARD 55 ATLANTA – YEAR-END 2010 YEAR-END 2010 – ATLANTA Atlanta Office Market Atlanta Office Market NORTHLAKE MARKET

Proposed Properties Over 5,000 Square Feet Building Name PID Address RBA Floors Gr Brk Leasing Co SF Own 1. Druid Pointe 7133426 2751 Buford Hwy NE 150,000 8 Colliers International 150,000 2. Fidelity National Bank / Phase II 6297275 Commerce Ave 125,000 7 Rich Real Estate Services, Inc. 124,999 3. Conyers Medical Park - Bldg D 5828094 1301 NE Sigman Rd 32,000 2 McWhirter Realty Corp. 32,000 4. Conyers Medical Park - Bldg B 5828052 1301 NE Sigman Rd 28,800 2 McWhirter Realty Corp. 28,800 5. Resurgens Center East II 7016635 3211 Iris Dr 20,000 1 Diagnostic Ventures, LLC 20,000 6. Panola Professional Park - Phase 1 5446455 2576 Panola Rd 16,000 2 0 7. 2576 Panola Rd 5537099 2576 Panola Rd 16,000 2 0 8. Hillandale Professional Center - Building 3 6429408 5700 Hillandale Dr 16,000 1 16,000 9. 3360 Hardee Ave 7559395 3360 Hardee Ave 16,000 1 Flagship Group 16,000 10. Brookhaven Crossing 7036151 1342 Dresden Dr 15,200 4 Kim King Associates, Inc. 15,200 11. 421 E College Ave 6778265 421 E College Ave 13,822 2 0 12. Conyers Medical Park - Bldg C 5828058 1301 NE Sigman Rd 12,000 2 McWhirter Realty Corp. 12,000 13. Hillandale Professional Center - Building 4 6429434 5700 Hillandale Dr 12,000 1 Hillandale Partners Llc 12,000 14. 1555 Milstead Rd 5390879 1555 Milstead Rd 11,474 2 11,474 15. 3111 Avalon Blvd 6426790 3111 Avalon Blvd 6,384 1 6,384 16. 4645 Flat Shoals Pky 7176428 4645 Flat Shoals Pky 6,000 2 0 17. 4645 Flat Shoals Pky 7176471 4645 Flat Shoals Pky 6,000 2 0 18. 3055 Clifton Springs Rd 6620537 3055 Clifton Springs Rd 5,700 1 ARESCO 5,700

Source: CoStar Property®

Midtown Atlanta

YEAR-END 2010 Atlanta Office Market YEAR-END 2010 – ATLANTA Atlanta Office Market

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60 COSTAR RESEARCH ADVISORY BOARD ©2010 COSTAR GROUP, INC. ©2010 COSTAR GROUP, INC. COSTAR RESEARCH ADVISORY BOARD 61 ATLANTA – YEAR-END 2010 YEAR-END 2010 – ATLANTA Atlanta Office Market Atlanta Office Market MIDTOWN ATLANTA MARKET

Buildings With Net Absorption This Quarter Over 5,000 Square Feet Building Name PID Address Class RBA Absorption Leasing Co Broker Own 1. Campanile Plaza 0441138 1155 Peachtree St NE A 446,626 71,859 Dewberry Capital Corporation 2. 12th & Midtown 5074589 1075 Peachtree St A 752,710 49,222 Daniel Corporation Doug Guedry 3. 1315 Peachtree St NE 0441198 1315 Peachtree St NE B 55,000 36,664 4. 999 Peachtree Street 0441225 999 Peachtree St NE A 621,908 10,436 Cousins Properties Incorporated David Shope 5. Block Candy Company Bldg 0444020 512 Means St NW B 44,000 9,563 Richard Bell Company Richard Bell 6. Promenade II 0441691 1230 Peachtree St NE A 774,344 9,415 Jones Lang LaSalle Jeff Bellamy 7. Two Midtown Plaza 0441182 1349 W Peachtree St NE A 273,375 6,993 Tishman Speyer Leslie Claxton 8. 1114 W Peachtree St 0122021 1114-1122 W Peachtree St C 12,525 6,900 Hailey Realty Company Howard Boyd 9. Silhouette Midtown 0440851 1447 Peachtree St NE B 116,637 5,447 CBCO Real Estate Carla Bass 10. 1031 Juniper St NE 0444296 1031 Juniper St NE C 5,000 -5,000 KW Commercial Atlanta Midtown Chris Logan 11. 100 Colony Square 0440767 1175 Peachtree St NE A 337,737 -6,483 Tishman Speyer Leslie Claxton 12. Centergy One 0650801 75 5th St A 488,000 -10,000 Gateway Development Services Mack Reese 13. 201 17th Street 1110339 201 17th St NW A 349,402 -10,526 Carter Michael Shelly 14. Atlantic Center Plaza 0445225 1180 W Peachtree St A 499,601 -13,870 CB Richard Ellis Chris Port 15. The Peachtree Bldg 0441796 1355 Peachtree St NE A 345,244 -16,609 CB Richard Ellis Chris Port 16. 1382 Peachtree St NE 6869677 1382 Peachtree St NE B 29,000 -26,000 Jones Lang LaSalle Paul Hanna

Leases Signed This Quarter Over 5,000 Square Feet Building Name PID Address Class SF Leased Tenant Name Industry Lease Type Own 1. Atlanta Technology Center - Bldg 300 0441740 1575 Northside Dr NW B 15,559 The Atlanta Opera Personal Services renewal 2. Eleven Hundred Peachtree Street 0441800 1100 Peachtree St NE A 6,349 Barrett & Farahany Law Firms new lease

Subleases For Lease Over 5,000 Square Feet Building Name PID Address Class SF Term Vacant Sublease Co Own 1. Pershing Point Plaza 0440861 1375 Peachtree St NE A 28,098 09/01/2014 Y Jones Lang LaSalle 2. Pershing Point Plaza 0440861 1375 Peachtree St NE A 28,027 08/01/2014 Y Jones Lang LaSalle 3. One Atlantic Center 0441139 1201 W Peachtree St NW A 22,339 09/01/2012 Y Jones Lang LaSalle 4. One Atlantic Center 0441139 1201 W Peachtree St NW A 22,315 05/01/2019 Y Jones Lang LaSalle 5. One Atlantic Center 0441139 1201 W Peachtree St NW A 22,088 N Jones Lang LaSalle 6. Pershing Point Plaza 0440861 1375 Peachtree St NE A 21,965 08/01/2014 Y Jones Lang LaSalle 7. One Atlantic Center 0441139 1201 W Peachtree St NW A 21,794 N Jones Lang LaSalle 8. 201 17th Street 1110339 201 17th St NW A 21,365 06/01/2022 N Newmark Knight Frank 9. Carriage Works 0443004 530 Means St NW B 20,614 01/01/2011 Y CB Richard Ellis 10. 400 Colony Square 0440768 1201 Peachtree St NE A 19,976 05/01/2014 Y Cushman & Wakefield of Georgia, Inc 11. Pershing Point Plaza 0440861 1375 Peachtree St NE A 19,336 08/01/2014 Y Jones Lang LaSalle 12. Bldg 200 0041826 1575 Northside Dr NW B 18,813 06/01/2014 N Newmark Knight Frank 13. Pershing Point Plaza 0440861 1375 Peachtree St NE A 17,060 08/01/2014 Y Jones Lang LaSalle 14. 730 Midtown 0441002 730 Peachtree St NE B 15,081 04/01/2011 Y Cushman & Wakefield of Georgia, Inc 15. Bldg 200 0041826 1575 Northside Dr NW B 15,071 06/01/2014 Y Newmark Knight Frank 16. 1117 W Peachtree St NW 5315698 1117 W Peachtree St NW C 11,424 09/01/2014 Y CresaPartners of Georgia, LLC

Source: CoStar Property®

Subleases For Lease Over 5,000 Square Feet Building Name PID Address Class SF Term Vacant Sublease Co Own 17. The Proscenium 0445264 1170 Peachtree St A 9,508 10/01/2012 Y Colliers International 18. Eleven Hundred Peachtree Street 0441800 1100 Peachtree St NE A 7,779 07/01/2012 N Jones Lang LaSalle 19. Buckhead West - Bldg 1888 0442552 1888 Emery St NW B 7,174 05/01/2011 Y CB Richard Ellis 20. Carriage Works 0443004 530 Means St NW B 6,216 01/01/2011 N CB Richard Ellis

Source: CoStar Property®

62 COSTAR RESEARCH ADVISORY BOARD ©2010 COSTAR GROUP, INC. ©2010 COSTAR GROUP, INC. COSTAR RESEARCH ADVISORY BOARD 63 ATLANTA – YEAR-END 2010 YEAR-END 2010 – ATLANTA Atlanta Office Market Atlanta Office Market MIDTOWN ATLANTA MARKET

Year-To-Date Deliveries Over 5,000 Square Feet Building Name PID Address RBA Floors Deliv Leasing Co SF Own 1. 12th & Midtown 5074589 1075 Peachtree St 752,710 38 1Q 2010 Daniel Corporation 572,058

Proposed Properties Over 5,000 Square Feet Building Name PID Address RBA Floors Gr Brk Leasing Co SF Own 1. Midtown Square 0596198 1001 Peachtree St 1,500,000 40 1,500,000 2. Metropolitan Center 5672045 40 17th St 581,646 23 Daniel Corporation 572,768 3. 12th & Midtown - Phase 3 5074883 1125 Peachtree St 540,000 1 Daniel Corporation 540,000 4. Georgia Center - Two 0441801 W Peachtree St 300,000 12 Cousins Properties Incorporated 0 5. Three Peachtree Pointe 7347638 1535 Peachtree St 277,000 14 Dewberry Capital Corporation 277,000 6. 77 5th St NW 6560504 77 5th St NW 260,000 11 Gateway Development Services 259,996 7. 1010 W Peachtree St 6517446 1010 W Peachtree St 150,000 1 0 8. Midtown Medical Plaza 7391522 494 Ponce De Leon Ave 50,000 3 Ackerman & Co. 32,656

Source: CoStar Property®

Buckhead

YEAR-END 2010 Atlanta Office Market YEAR-END 2010 – ATLANTA Atlanta Office Market

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68 COSTAR RESEARCH ADVISORY BOARD ©2010 COSTAR GROUP, INC. ©2010 COSTAR GROUP, INC. COSTAR RESEARCH ADVISORY BOARD 69 ATLANTA – YEAR-END 2010 YEAR-END 2010 – ATLANTA Atlanta Office Market Atlanta Office Market BUCKHEAD MARKET

Buildings With Net Absorption This Quarter Over 5,000 Square Feet Building Name PID Address Class RBA Absorption Leasing Co Broker Own 1. 12 Piedmont Center 0441339 3495 Piedmont Rd NE A 82,308 23,000 PC Management Company Jim Caswell IV 2. Two Alliance Center 0451104 3560 Lenox Rd NE A 493,201 18,520 Tishman Speyer Chris Ahrenkiel 3. Realm Retail 0899190 3328 Peachtree Rd NE A 33,703 16,798 Easlan Capital of Atlanta, Inc. Todd Syprett 4. 15 Piedmont Center 0444710 3575 Piedmont Rd NE A 300,000 15,843 Cousins Properties Incorporated Chuck Francis 5. 3110 Maple Dr NE 0440866 3110 Maple Dr NE C 42,000 11,500 ASI properties Jim Watson 6. Atlanta Financial Center - East Tow 0092141 3343 Peachtree Rd NE A 382,868 10,392 Hines Scott Martin 7. The Lenox Bldg 0441199 3399 Peachtree Rd NE A 348,152 8,593 CB Richard Ellis Brad Jancik 8. One Securities Centre 0113057 3490 Piedmont Rd NE A 278,720 8,371 Jones Lang LaSalle Jeff Bellamy 9. Piedmont Court 0440963 3098 Piedmont Rd NE B 43,072 7,581 Richard Bowers & Company Greg Kindred 10. Buckhead Centre 0442946 2970 Peachtree Rd NW B 83,242 5,135 Wilson & Nolan Libby Cornwell 11. Two Live Oak Center 0440959 3445 Peachtree Rd NE A 279,143 -5,851 Cousins Properties Incorporated David Shope 12. 7 Piedmont Center 0441341 3525 Piedmont Rd NE A 140,830 -7,576 CB Richard Ellis Chris Port 13. Lenox Plaza 0441019 3384 Peachtree Rd NE B 100,882 -9,585 Lincoln Property Company Commercial David Danhof 14. One Live Oak Center 0440954 3475 Lenox Rd NE A 201,488 -13,359 Grubb & Ellis Jessica Doyle 15. Peachtree 25th Bldg 0440854 1718-1720 NW Peachtree St B 365,560 -13,437 Atlanta Property Group James Holden 16. One Buckhead Plaza 0441131 3060 Peachtree Rd NW A 461,669 -15,026 CB Richard Ellis Chris Port 17. 6 Piedmont Center 0441340 3525 Piedmont Rd NE A 119,320 -23,061 CB Richard Ellis Chris Port 18. Two Securities Centre 0113010 3500 Piedmont Rd NE B 247,896 -30,158 Jones Lang LaSalle Jeff Bellamy 19. Tower Place 100 0442949 3340 Peachtree Rd NE A 609,936 -31,243 Grubb & Ellis Tom Miller

Leases Signed This Quarter Over 5,000 Square Feet Building Name PID Address Class SF Leased Tenant Name Industry Lease Type Own 1. Atlanta Financial Center - North Tower 0092160 3353 Peachtree Rd NE A 39,510 NERC new lease 2. Tower Place 100 0442949 3340 Peachtree Rd NE A 26,385 N/A new lease 3. Monarch Tower 0441135 3424 Peachtree Rd NE A 23,037 Milliman USA new lease 4. 8 Piedmont Center 0441342 3525 Piedmont Rd NE A 14,560 N/A new lease 5. 7 Piedmont Center 0441341 3525 Piedmont Rd NE A 14,560 N/A new lease 6. Prominence in Buckhead 0444945 3475 Piedmont Rd NE A 12,316 N/A new lease 7. Terminus 100 0798838 3280 Peachtree Rd A 11,580 Coggins International Corporation Computers/Data Processing new lease 8. 6 Piedmont Center 0441340 3525 Piedmont Rd NE A 11,176 N/A new lease 9. Tower Place 100 0442949 3340 Peachtree Rd NE A 8,207 N/A new lease 10. 7 Piedmont Center 0441341 3525 Piedmont Rd NE A 7,576 Century Travel, Inc. Transportation new lease 11. Terminus 200 1482752 3333 Piedmont Rd NE A 5,271 M&I Investment Management Corporation Financial Institutions new lease

Subleases For Lease Over 5,000 Square Feet Building Name PID Address Class SF Term Vacant Sublease Co Own 1. One Alliance Center 0444958 3500 Lenox Rd NE A 41,000 08/01/2011 N Jones Lang LaSalle 2. Atlanta Plaza One 0441111 950 E Paces Ferry Rd NE A 24,669 08/01/2011 N Jones Lang LaSalle 3. Atlanta Plaza One 0441111 950 E Paces Ferry Rd NE A 24,500 05/01/2013 Y Regent Partners 4. Resurgens Plaza 0441136 945 E Paces Ferry Rd NE A 24,264 10/01/2014 N Jones Lang LaSalle

Source: CoStar Property®

Subleases For Lease Over 5,000 Square Feet Building Name PID Address Class SF Term Vacant Sublease Co Own 5. Atlanta Plaza One 0441111 950 E Paces Ferry Rd NE A 22,736 05/01/2013 Y Regent Partners 6. Two Live Oak Center 0440959 3445 Peachtree Rd NE A 21,817 08/01/2012 N Cushman & Wakefield of Georgia, Inc 7. The Lenox Bldg 0441199 3399 Peachtree Rd NE A 20,838 10/01/2015 Y Jones Lang LaSalle 8. One Buckhead Plaza 0441131 3060 Peachtree Rd NW A 20,004 10/01/2013 Y Cushman & Wakefield of Georgia, Inc 9. The Lenox Bldg 0441199 3399 Peachtree Rd NE A 18,154 10/01/2015 Y Jones Lang LaSalle 10. Two Buckhead Plaza 0787264 3050 Peachtree Rd NW A 17,335 N Ben Carter Properties 11. Terminus 100 0798838 3280 Peachtree Rd A 13,974 07/01/2017 Y Jones Lang LaSalle 12. The Lenox Bldg 0441199 3399 Peachtree Rd NE A 13,524 08/01/2012 Y Jones Lang LaSalle 13. Atlanta Plaza One 0441111 950 E Paces Ferry Rd NE A 13,223 08/01/2011 N Jones Lang LaSalle 14. 3344 Peachtree 0518239 3344 Peachtree Rd NE A 12,475 04/01/2016 Y Jones Lang LaSalle 15. Atlanta Plaza One 0441111 950 E Paces Ferry Rd NE A 11,605 02/01/2013 Y Carter 16. Resurgens Plaza 0441136 945 E Paces Ferry Rd NE A 11,297 10/01/2014 N Jones Lang LaSalle 17. Atlanta Plaza One 0441111 950 E Paces Ferry Rd NE A 11,290 02/01/2013 Y Carter 18. 11 Piedmont Center 0441338 3495 Piedmont Rd NE A 10,181 12/01/2011 N The Eidson Group, LLC 19. One Securities Centre 0113057 3490 Piedmont Rd NE A 9,975 01/01/2013 N CB Richard Ellis 20. Atlanta Plaza One 0441111 950 E Paces Ferry Rd NE A 9,916 05/01/2013 Y Regent Partners 21. Terminus 100 0798838 3280 Peachtree Rd A 9,898 08/01/2018 Y Colliers International 22. 4 Piedmont Center 0441345 3565 Piedmont Rd NE A 9,845 10/01/2013 N Brown Edwards & Associates 23. 3344 Peachtree 0518239 3344 Peachtree Rd NE A 8,001 10/01/2018 N CB Richard Ellis 24. 3405 Piedmont Rd NE 0441013 3405 Piedmont Rd NE A 7,923 12/01/2014 Y CresaPartners of Georgia, LLC 25. Terminus 100 0798838 3280 Peachtree Rd A 7,818 08/01/2018 Y Colliers International 26. Atlanta Plaza One 0441111 950 E Paces Ferry Rd NE A 7,401 02/01/2013 Y Carter 27. Tower Place 200 0444826 3348 Peachtree Rd NE A 7,066 03/01/2014 Y Newmark Knight Frank 28. Two Live Oak Center 0440959 3445 Peachtree Rd NE A 5,851 08/01/2012 Y NAI Brannen Goddard 29. Monarch Tower 0441135 3424 Peachtree Rd NE A 5,569 12/01/2011 Y CB Richard Ellis 30. Peachtree 25th Bldg 0440854 1718-1720 NW Peachtree St B 5,439 12/01/2011 N Jones Lang LaSalle 31. Atlanta Plaza One 0441111 950 E Paces Ferry Rd NE A 5,295 10/01/2011 Y CB Richard Ellis

Source: CoStar Property®

70 COSTAR RESEARCH ADVISORY BOARD ©2010 COSTAR GROUP, INC. ©2010 COSTAR GROUP, INC. COSTAR RESEARCH ADVISORY BOARD 71 ATLANTA – YEAR-END 2010 YEAR-END 2010 – ATLANTA Atlanta Office Market Atlanta Office Market BUCKHEAD MARKET

Year-To-Date Deliveries Over 5,000 Square Feet Building Name PID Address RBA Floors Deliv Leasing Co SF Own 1. Phipps Tower 0844507 3438 Peachtree Rd NE 472,267 20 1Q 2010 Crescent Resources, LLC 396,515 2. 3630 Peachtree 0441683 3630 Peachtree Rd 436,585 20 1Q 2010 Pope & Land Enterprises 375,594

Proposed Properties Over 5,000 Square Feet Building Name PID Address RBA Floors Gr Brk Leasing Co SF Own 1. Lindbergh City Center 6969631 2420 Piedmont Rd 200,000 8 Carter 200,000 2. 16 Piedmont Center 0468268 3495 Piedmont Rd NE 186,000 8 PC Management Company 186,000

Source: CoStar Property®

South Atlanta

YEAR-END 2010 Atlanta Office Market YEAR-END 2010 – ATLANTA Atlanta Office Market

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76 COSTAR RESEARCH ADVISORY BOARD ©2010 COSTAR GROUP, INC. ©2010 COSTAR GROUP, INC. COSTAR RESEARCH ADVISORY BOARD 77 ATLANTA – YEAR-END 2010 YEAR-END 2010 – ATLANTA Atlanta Office Market Atlanta Office Market SOUTH ATLANTA MARKET

Buildings With Net Absorption This Quarter Over 5,000 Square Feet Building Name PID Address Class RBA Absorption Leasing Co Broker Own 1. 4245 International Pky 0596894 4245 International Pky B 43,414 24,117 Highwoods Properties, Inc. John Grimsley 2. Gateway Center I 6462783 2077 Convention Center Concour A 128,396 19,747 Colliers International Scott O’Halloran 3. Camp Creek Medical Center - Bldg II 6701807 3886 Princeton Lakes Way B 30,000 19,700 Ackerman & Co. Kevin Ehringer 4. 2030 Avalon Pky 6013196 2030 Avalon Pky B 20,000 10,614 Atlanta South Commercial Properties Tom Ellis 5. Building H 7729811 37 N Calumet Pky B 8,636 8,636 6. MainStreet Office Center 5066926 320 W Lanier Ave B 32,000 7,237 McWhirter Realty Corp. Gray McWhirter 7. 1215 Eagles Landing Pky 0674403 1215 Eagles Landing Pky B 33,000 6,240 Atlanta South Commercial Properties Tom Ellis 8. The Wagon Works 0011770 1514 Cleveland Ave C 105,000 6,158 Braden-Fellman Group 9. 768 South Central Ave 5376994 768 South Central Ave B 9,629 -5,129 Hughes Commercial Real Estate Tommy Hughes 10. 1325 Rock Quarry Rd 6019349 1325 Rock Quarry Rd B 20,166 -5,200 Keller Williams Derrick Pugh 11. 109 Petrol Pointe 7742707 109 Petrol Pointe C 5,326 -5,326 12. 42 Main St 6665288 42 Main St A 26,000 -5,500 Senoia Enterprises Scott Tigchelaar 13. 216 Valley Hill Rd SW 7835073 216 Valley Hill Rd SW C 9,000 -6,900 14. Two Crown Center 0433888 1745 Phoenix Blvd B 87,384 -7,034 Ackerman & Co. Frank Farrell 15. 48 Main St 6668258 48 Main St A 26,000 -7,100 Senoia Enterprises Scott Tigchelaar 16. Atlanta South Medical Center - Bldg 0753650 181 Upper Riverdale Rd SW C 9,000 -8,000 Coldwell Banker Commercial Bullard Mike Amos 17. 1100 Commerce Dr 6162612 1100 Commerce Dr B 8,613 -8,613 Grubb & Ellis Paul Johnson 18. 1235 Robinson Rd 7226404 1235 Robinson Rd B 9,276 -9,267 Josey Young & Brady Realty, LLC Donna Romeo 19. 1600 Pennsylvania Ave 1511559 1600 Pennsylvania Ave C 9,560 -9,560 20. 1300 Pennsylvania Ave 7752368 1300 Pennsylvania Ave B 9,560 -9,560 Koppar Corporation Richard Chatham 21. 1461 Highway 20 W 7773149 1461 Highway 20 W B 98,905 -12,094 Resource Real Estate Partners Tyler Fann

Leases Signed This Quarter Over 5,000 Square Feet Building Name PID Address Class SF Leased Tenant Name Industry Lease Type Own 1. 675 Southcrest Pky 0572264 675 Southcrest Pky B 7,097 Pediatria Health Care Medical new lease 2. The Plaza Bldg/Summit at Southlake 0434009 1590 Adamson Pky A 6,530 N/A new lease 3. 1045 Southcrest Dr 0930676 1045 Southcrest Dr B 5,616 N/A new lease

Subleases For Lease Over 5,000 Square Feet Building Name PID Address Class SF Term Vacant Sublease Co Own 1. Spivey Station Ambulatory Surgery Cen 7113512 7813 Spivey Station Blvd A 22,539 N Meadows & Ohly, LLC 2. 1640 Phoenix Blvd 0434094 1640 Phoenix Blvd B 19,669 08/01/2011 Y Jones Lang LaSalle 3. Waterstone 0441752 4751 Best Rd A 11,704 08/01/2012 Y CB Richard Ellis 4. Phase 1 0501689 100 Governors Trace B 5,190 N Ravin Homes, Incorporated 5. Bldg I 0013639 570 W Lanier Ave B 5,000 03/01/2013 N Ackerman & Co. 6. Northpark Village Phase I 1462463 528 Forest Pky B 5,000 Y WH McAfee

Source: CoStar Property®

Year-To-Date Deliveries Over 5,000 Square Feet Building Name PID Address RBA Floors Deliv Leasing Co SF Own 1. Camp Creek Medical Center - Bldg III 6701807 3886 Princeton Lakes Way 30,000 2 4Q 2010 Ackerman & Co. 4,200 2. Premiere Health and Wellness Plaza 6789404 7335 Old National Hwy 21,000 2 3Q 2010 Sons Investment Group Limited 21,000 3. 165 N Park Trl 7389834 165 N Park Trl 12,000 1 1Q 2010 WH McAfee 1,600

Under Construction Properties Over 5,000 Square Feet Building Name PID Address RBA Floors Deliv Leasing Co SF Own 1. Wahoo Creek Professional Park - East Bldg 7249769 Millard Farmer Blvd 45,000 3 1Q 2011 Richard Bowers & Company 45,000

Proposed Properties Over 5,000 Square Feet Building Name PID Address RBA Floors Gr Brk Leasing Co SF Own 1. Waterstone Tower 0445359 4851 Best Rd 229,550 10 Richard Bowers & Company 229,550 2. 200 Hartsfield Centre 5373666 200 Hartsfield Center Pky 150,000 6 Carter 150,000 3. Nail Road and Highway 20 Medical Office 6725332 Nail Rd 60,000 1 K & D Investment Prop Llc 0 4. Southwood 75 Office Park - Bldg 300 0624372 2470 Mount Zion Pky 55,000 1 Resource Real Estate Partners 55,000 5. Princeton Ave 5738246 Princeton Ave 45,000 3 Group Six Real Estate LLC 39,999 6. Wahoo Creek Professional Park - West Bldg 7393599 Millard Farmer Blvd 45,000 2 1Q 2011 Richard Bowers & Company 45,000 7. Market Place at LaFayette - Bldg 3 6169800 Lanier & LaFayette Dr 41,650 4 Heritage Creek Development I 0 8. Market Place at LaFayette - Bldg 2 6169772 Lanier & LaFayette Dr 41,562 4 Heritage Creek Development I 0 9. Martin St S 0441688 Martin St S 40,000 1 Building Blocks Commercial 40,000 10. 878 W Lanier Ave 6318057 878 W Lanier Ave 40,000 1 Ackerman & Co. 40,000 11. Building 2 6331019 3750 Naturally Fresh Blvd 40,000 2 Calvo Clancy, LLC 40,000 12. Physicians Place 6463544 Highway 54 39,000 2 0 13. 31,000 Square-Foot Condo Units 6876785 2327 Canton Rd 31,000 1 0 14. Starrs Mill Professional Center - Phase II 5597146 1280 Highway 74 S 30,000 2 MJH Real Estate 30,000 15. 1231 Highway 54 W 6579318 1231 Highway 54 W 30,000 3 Group Six Real Estate LLC 0 16. Highway 85 Hwy 5816465 Highway 85 Hwy 28,000 1 Group Six Real Estate LLC 28,000 17. Eagle Tower 1 0826061 2682 Highway 42 N 24,000 2 0 18. 1300 Senoia Rd 7191790 1300 Senoia Rd 24,000 2 Ackerman & Co. 24,000 19. Jodeco Road Village West - Building B 5716328 2100 Jodeco Rd 21,630 1 2Q 2006 Charrette Development Group, Inc 21,630 20. Camp Creek Medical Center - Bldg IV 7824097 Princeton Lakes Way 20,000 2 Ackerman & Co. 20,000 21. Group VI-Georgian Park 1519995 Georgian Parkway 18,800 2 Group Six Real Estate LLC 18,800 22. Concourse Health Center - Phase II - BTS Medi 7629839 800 Virgina Ave 16,000 1 Ackerman & Co. 16,000 23. 800 Virginia Ave 7734289 800 Virginia Ave 16,000 1 Ackerman & Co. 16,000 24. 193 N Park Trl 4805487 193 N Park Trl 15,000 2 Ackerman & Co. 15,000 25. The Offices at Oakridge Bldg IV 6327829 3 Oakridge Ct 14,000 2 Strickland Development 14,000 26. Shops at Glendalough 0887850 Dogwood Dr 12,000 1 0 27. Jodeco Road Village West - Building A 5716440 2100 Jodeco Rd 10,800 1 2Q 2006 Charrette Development Group, Inc 10,800 28. 7345 Old National Hwy 7835746 7345 Old National Hwy 10,500 2 Charlesworth Realty Group 21,000 29. The Offices at Oakridge Bldg I 6327757 0 Oakridge Ct 10,000 2 Strickland Development 10,000 30. 100 Grady Ave 5716786 100 Grady Ave 9,968 2 Candler Development Company 9,968

Source: CoStar Property®

78 COSTAR RESEARCH ADVISORY BOARD ©2010 COSTAR GROUP, INC. ©2010 COSTAR GROUP, INC. COSTAR RESEARCH ADVISORY BOARD 79 ATLANTA – YEAR-END 2010 YEAR-END 2010 – ATLANTA Atlanta Office Market Atlanta Office Market SOUTH ATLANTA MARKET

Proposed Properties Over 5,000 Square Feet Building Name PID Address RBA Floors Gr Brk Leasing Co SF Own 31. 100 Grady Ave 5716825 100 Grady Ave 9,968 2 Candler Development Company 9,968 32. Building 3 5716892 100 Grady Ave 9,968 2 Candler Development Company 9,968 33. The Offices at Oakridge Bldg III 6327802 2 Oakridge Ct 9,750 1 Strickland Development 9,750 34. 7402 Davidson Pky S - Phase II 0824264 7402 Davidson Pky S 9,000 1 Transwestern 9,000 35. The Offices at Oakridge Bldg II 6327781 1 Oakridge Ct 8,100 1 Strickland Development 8,100 36. Parkway Place V 0434462 533-535 Forest Pky 8,000 2 Pearson & Associates 0 37. Market Place at LaFayette - Bldg 4 6169881 Lanier & LaFayette Dr 5,500 1 Heritage Creek Development I 0 38. Market Place at LaFayette - Bldg 5 6169947 Lanier & LaFayette Dr 5,500 1 Heritage Creek Development I 0

Source: CoStar Property®

West Atlanta

YEAR-END 2010 Atlanta Office Market YEAR-END 2010 – ATLANTA Atlanta Office Market

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84 COSTAR RESEARCH ADVISORY BOARD ©2010 COSTAR GROUP, INC. ©2010 COSTAR GROUP, INC. COSTAR RESEARCH ADVISORY BOARD 85 ATLANTA – YEAR-END 2010 YEAR-END 2010 – ATLANTA Atlanta Office Market Atlanta Office Market WEST ATLANTA MARKET

Buildings With Net Absorption This Quarter Over 5,000 Square Feet Building Name PID Address Class RBA Absorption Leasing Co Broker Own 1. 535 Maxham Rd 0062720 535 Maxham Rd C 10,400 10,400 2. Ashby St. Trolley Barn 1019219 981 Joseph E Lowery Blvd C 41,000 6,600 King Plow Arts Center, LLC King Shaw 3. 201 Wedgewood Dr 7507220 201 Wedgewood Dr C 7,417 -7,417 4. 5606 Mableton Pky SE 1557976 5606 Mableton Pky SE C 31,900 -31,900 KW Commercial Michael Condella

Source: CoStar Property®

Proposed Properties Over 5,000 Square Feet Building Name PID Address RBA Floors Gr Brk Leasing Co SF Own 1. Sweetwater Office Park - Bldg 2 6647811 5728 Fairburn Rd 42,660 3 Sperry Van Ness Creviston 42,660 2. Puritan Mill - Phase 2 0775302 960 Joseph E Lowery Blvd NW 30,000 1 Cushman & Wakefield of Georgia, Inc 30,000 3. Cascade Medical Center at Promenade 1187992 3915 Cascade Rd 30,000 3 Atlanta Leasing & Investment 30,000 4. Sandtown Crossing - Bldg 300 6345797 5835 Campbellton Rd 20,000 1 McWhirter Realty Corp. 20,000 5. Sandtown Crossing - Bldg 400 6348551 5835 Campbellton Rd 20,000 1 McWhirter Realty Corp. 20,000 6. Sandtown Crossing - Bldg 500 6348578 5835 Campbellton Rd 20,000 1 McWhirter Realty Corp. 10,000 7. Sandtown Crossing - Bldg 600 6348593 5835 Campbellton Rd 20,000 1 McWhirter Realty Corp. 20,000 8. Sandtown Crossing - Bldg 700 6348639 Campbellton Rd 20,000 1 McWhirter Realty Corp. 20,000 9. Poplar Pointe Professional Center - Building 1503237 5604 Wendy Bagwell Pky 7,560 2 0 10. Poplar Pointe Professional Center - Building 1519095 5604 Wendy Bagwell Pky 7,560 2 0 11. Sandtown Crossing - Bldg 100 6345664 5835 Campbellton Rd 7,066 1 McWhirter Realty Corp. 7,066 12. 970 Hays Mill Rd 7675894 970 Hays Mill Rd 6,000 1 GlenEagles Professional Park 6,000

Source: CoStar Property®

Appendix

YEAR-END 2010 Atlanta Office Market

Terms & Definitions

Availability Rate: The ratio of available space to total rentable Deliveries: Buildings that complete construction during a specified space, calculated by dividing the total available square feet by the period of time. In order for space to be considered delivered, a total rentable square feet. certificate of occupancy must have been issued for the property. Available Space: The total amount of space that is currently Delivery Date: The date a building completes construction and being marketed as available for lease in a given time period. It receives a certificate of occupancy. includes any space that is available, regardless of whether the Developer: The company, entity or individual that transforms raw space is vacant, occupied, available for sublease, or available at land to improved property by use of labor, capital and entrepre- a future date. neurial efforts. Build-to-Suit: A term describing a particular property, developed Direct Space: Space that is being offered for lease directly from specifically for a certain tenant to occupy, with structural features, the landlord or owner of a building, as opposed to space being systems, or improvement work designed specifically for the needs offered in a building by another tenant (or broker of a tenant) of that tenant. A build-to-suit can be leased or owned by the ten- trying to sublet a space that has already been leased. ant. In a leased build-to-suit, a tenant will usually have a long term lease on the space. Existing Inventory: The square footage of buildings that have received a certificate of occupancy and are able to be occupied Buyer: The individual, group, company, or entity that has pur- by tenants. It does not include space in buildings that are either chased a commercial real estate asset. planned, under construction or under renovation. Cap Rate: Short for capitalization rate. The Cap Rate is a calcula- Flex Building: A type of building designed to be versatile, which tion that reflects the relationship between one year’s net operating may be used in combination with office (corporate headquarters), income and the current market value of a particular property. research and development, quasi-retail sales, and including but The Cap Rate is calculated by dividing the annual net operating not limited to industrial, warehouse, and distribution uses. A typi- income by the sales price (or asking sales price). cal flex building will be one or two stories with at least half of the CBD: Abbreviation for Central Business District. (See also: rentable area being used as office space, have ceiling heights of 16 Central Business District) feet or less, and have some type of drive-in door, even though the Central Business District: The designations of Central Business door may be glassed in or sealed off. District (CBD) and Suburban refer to a particular geographic area Full Service Rental Rate: Rental rates that include all operating within a metropolitan statistical area (MSA) describing the level expenses such as utilities, electricity, janitorial services, taxes and of real estate development found there. The CBD is characterized insurance. by a high density, well organized core within the largest city of a Gross Absorption: The total change in occupied space over a given MSA. given period of time, counting space that is occupied but not Class A: A classification used to describe buildings that generally space that is vacated by tenants. Gross absorption differs from qualify as extremely desirable investment-grade properties and leasing Activity, which is the sum of all space leased over a certain command the highest rents or sale prices compared to other period of time. Unless otherwise noted Gross Absorption includes buildings in the same market. Such buildings are well located direct and sublease space. and provide efficient tenant layouts as well as high quality, and in Growth in Inventory: The change in size of the existing square some buildings, one-of-a-kind floor plans. They can be an archi- footage in a given area over a given period of time, generally due tectural or historical landmark designed by prominent architects. to the construction of new buildings. These buildings contain a modern mechanical system, and have above-average maintenance and management as well as the best Industrial Building: A type of building adapted for such uses as quality materials and workmanship in their trim and interior fit- the assemblage, processing, and/or manufacturing of products tings. They are generally the most attractive and eagerly sought from raw materials or fabricated parts. Additional uses include by investors willing to pay a premium for quality. warehousing, distribution, and maintenance facilities. The primary purpose of the space is for storing, producing, assembling, Class B: A classification used to describe buildings that generally or distributing product. qualify as a more speculative investment, and as such, command lower rents or sale prices compared to Class A properties. Such Landlord Rep: (Landlord Representative) In a typical lease trans- buildings offer utilitarian space without special attractions, and action between an owner/landlord and tenant, the broker that have ordinary design, if new or fairly new; good to excellent represents the interests of the owner/landlord is referred to as the design if an older non-landmark building. These buildings typical- Landlord Rep. ly have average to good maintenance, management and tenants. Leased Space: All the space that has a financial lease obligation. They are less appealing to tenants than Class A properties, and It includes all leased space, regardless of whether the space is may be deficient in a number of respects including floor plans, currently occupied by a tenant. Leased space also includes space condition and facilities. They lack prestige and must depend being offered for sublease. chiefly on a lower price to attract tenants and investors. Leasing Activity: The volume of square footage that is commit- Class C: A classification used to describe buildings that gener- ted to and signed under a lease obligation for a specific building ally qualify as no-frills, older buildings that offer basic space and or market in a given period of time. It includes direct leases, command lower rents or sale prices compared to other buildings subleases and renewals of existing leases. It also includes any in the same market. Such buildings typically have below-average pre-leasing activity in planned, under construction, or under maintenance and management, and could have mixed or low renovation buildings. tenant prestige, inferior elevators, and/or mechanical/electrical systems. These buildings lack prestige and must depend chiefly Market: Geographic boundaries that serve to delineate core areas on a lower price to attract tenants and investors. that are competitive with each other and constitute a generally accepted primary competitive set of areas. Markets are building- Construction Starts: Buildings that began construction during a type specific, and are non-overlapping contiguous geographic specific period of time. (See also: Deliveries) designations having a cumulative sum that matches the boundar- Contiguous Blocks of Space: Space within a building that is, or is ies of the entire Region (See also: Region). Markets can be further able to be joined together into a single contiguous space. subdivided into Submarkets. (See also: Submarkets)

Multi-Tenant: Buildings that house more than one tenant at a Seller: The individual, group, company, or entity that sells a par- given time. Usually, multi-tenant buildings were designed and ticular commercial real estate asset. built to accommodate many different floor plans and designs for SF: Abbreviation for Square Feet. different tenant needs. (See also: Tenancy). Single-Tenant: Buildings that are occupied, or intended to be Net Absorption: The net change in occupied space over a given occupied by a single tenant. (See also: Build-to-suit and Tenancy) period of time. Unless otherwise noted Net Absorption includes direct and sublease space. Sublease Space: Space that has been leased by a tenant and is being offered for lease back to the market by the tenant with Net Rental Rate: A rental rate that excludes certain expenses that the lease obligation. Sublease space is sometimes referred to as a tenant could incur in occupying office space. Such expenses sublet space. are expected to be paid directly by the tenant and may include janitorial costs, electricity, utilities, taxes, insurance and other Submarkets: Specific geographic boundaries that serve to delin- related costs. eate a core group of buildings that are competitive with each other and constitute a generally accepted primary competitive New Space: Sometimes called first generation space, refers to set, or peer group. Submarkets are building type specific (office, space that has never been occupied and/or leased by a tenant. industrial, retail, etc.), with distinct boundaries dependent on Occupied Space: Space that is physically occupied by a tenant. different factors relevant to each building type. Submarkets are It does not include leased space that is not currently occupied non-overlapping, contiguous geographic designations having a by a tenant. cumulative sum that matches the boundaries of the Market they Office Building: A type of commercial building used exclusively are located within (See also: Market). or primarily for office use (business), as opposed to manufactur- Suburban: The Suburban and Central Business District (CBD) ing, warehousing, or other uses. Office buildings may sometimes designations refer to a particular geographic area within a metro- have other associated uses within part of the building, i.e., retail politan statistical area (MSA). Suburban is defined as including all sales, financial, or restaurant, usually on the ground floor. office inventory not located in the CBD. (See also: CBD) Owner: The company, entity, or individual that holds title on a Tenancy: A term used to indicate whether or not a building is given building or property. occupied by multiple tenants (See also: Multi-tenant) or a single Planned/Proposed: The status of a building that has been tenant. (See also: Single-tenant) announced for future development but not yet started Tenant Rep: Tenant Rep stands for Tenant Representative. In a construction. typical lease transaction between an owner/landlord and tenant, Preleased Space: The amount of space in a building that has been the broker that represents the interests of the tenant is referred to leased prior to its construction completion date, or certificate of as a Tenant Rep. occupancy date. Time On Market: A measure of how long a currently available Price/SF: Calculated by dividing the price of a building (either space has been marketed for lease, regardless of whether it is sales price or asking sales price) by the Rentable Building Area vacant or occupied. (RBA). Under Construction: The status of a building that is in the process Property Manager: The company and/or person responsible for of being developed, assembled, built or constructed. A building is the day-to-day operations of a building, such as cleaning, trash considered to be under construction after it has begun construc- removal, etc. The property manager also makes sure that the vari- tion and until it receives a certificate of occupancy. ous systems within the building, such as the elevators, HVAC, and Vacancy Rate: A measurement expressed as a percentage of the electrical systems, are functioning properly. total amount of physically vacant space divided by the total Quoted Rental Rate: The asking rate per square foot for a par- amount of existing inventory. Under construction space generally ticular building or unit of space by a broker or property owner. is not included in vacancy calculations. Quoted rental rates may differ from the actual rates paid by Vacant Space: Space that is not currently occupied by a tenant, tenants following the negotiation of all terms and conditions in regardless of any lease obligation that may be on the space. a specific lease. Vacant space could be space that is either available or not avail- RBA: Abbreviation for Rentable Building Area. (See also: able. For example, sublease space that is currently being paid for Rentable Building Area) by a tenant but not occupied by that tenant, would be considered vacant space. Likewise, space that has been leased but not yet Region: Core areas containing a large population nucleus, that occupied because of finish work being done, would also be con- together with adjacent communities have a high degree of eco- sidered vacant space. nomic and social integration. Regions are further divided into market areas, called Markets. (See also: Markets) Weighted Average Rental Rate: Rental rates that are calculated by factoring in, or weighting, the square footage associated with each Relet Space: Sometimes called second generation or direct space, particular rental rate. This has the effect of causing rental rates refers to existing space that has previously been occupied by on larger spaces to affect the average more than that of smaller another tenant. spaces. The weighted average rental rate is calculated by taking Rentable Building Area: (RBA) The total square footage of a the ratio of the square footage associated with the rental rate on building that can be occupied by, or assigned to a tenant for the each individual available space to the square footage associated purpose of determining a tenant’s rental obligation. Generally with rental rates on all available spaces, multiplying the rental rate RBA includes a percentage of common areas including all hall- by that ratio, and then adding together all the resulting numbers. ways, main lobbies, bathrooms, and telephone closets. Unless specifically specified otherwise, rental rate averages include both Direct and Sublet available spaces. Rental Rates: The annual costs of occupancy for a particular space quoted on a per square foot basis. Year Built: The year in which a building completed construction and was issued a certificate of occupancy. Sales Price: The total dollar amount paid for a particular property at a particular point in time. YTD: Abbreviation for Year-to-Date. Describes statistics that are cumulative from the beginning of a calendar year through what- Sales Volume: The sum of sales prices for a given group of build- ever time period is being studied. ings in a given time period.

90 COSTAR RESEARCH ADVISORY BOARD ©2010 COSTAR GROUP, INC. ©2010 COSTAR GROUP, INC. COSTAR RESEARCH ADVISORY BOARD 91 ATLANTA – YEAR-END 2010 YEAR-END 2010 – ATLANTA Atlanta Office Market Atlanta Office Market MARKETS

CoStar Markets

In analyzing metropolitan areas in the U.S., CoStar has developed geographic designations to help group properties together, called Regions, Markets and Submarkets. Regions are the equivalent of metropolitan areas, or areas containing a large population nucleus, that together with adjacent communities have a high degree of economic and social integration. Regions are then divided into Markets, which are core areas within a metropolitan area that are known to be competitive with each other in terms of attracting and keeping tenants. Markets are then further subdivided into smaller units called Submarkets, which serve to delineate a core group of buildings that are competitive with each other and constitute a generally accepted competitive set, or peer group.

Markets Submarkets Buckhead Lower Buckhead Upper Buckhead Central Perimeter Central Perimeter Downtown Atlanta Downtown Atlanta Midtown Atlanta Midtown/Pershing Point Northside Dr/Georgia Tech North Fulton Dawson County N Fulton/Forsyth County Northeast Atlanta Barrow County Duluth/Suwanee/Buford Lawrenceville/Lilburn Norcross/Ptree Corners Walton County Northlake Chamblee/Dville/N D Hills Decatur I-20 East/Conyers Newton County Northlake/Lavista Stone Mountain Northwest Atlanta Bartow County Cherokee County Cumberland/Galleria East Cobb Kennesaw/Town Center Pickens County South Atlanta Butts County Fayette/Coweta County Jasper County Lamar County Meriwether County Monroe County North Clayton/Airport Pike County South Clayton/Henry Cnty Spalding County West Atlanta Douglasville/Lithia Sprng Haralson County Heard County Villa Rica/West Outlying W Carroll County West Atlanta