FRANKLIN CENTER 225-227 Franklin Street Johnstown, Pennsylvania Thomas R. Zinn Zinn Realty Corporation PO Box 1726 Bluffton, SC 29910 (843) 705-9400 ♦ Fax: (843) 705-9494 Email: [email protected] www.franklin-center.com ww.zamsc.com Information contained herein has been gathered from sources deemed reliable and an attempt has been made to present the information accurately. However, anyone using this information should make an independent investigation of the facts, as no representation or warranty as to the accuracy of the information contained herein is made. This information may not be dupli- cated or distributed without the prior written consent of Zinn Realty Corporation. FRANKLIN CENTER TABLE OF CONTENTS Section Page Project Summary 3 Property Description 4 Description of Building 5 Reasons to Consider 10 Advertising/Flyer 13 Zinn Realty Corp Selected Past and Present Projects 14 Selected Past and Present Tenants 16 Maps Adjacent States/Cities Map 19 Cambria County Map 20 City Location Map 21 Proposed Neighborhood 22 Revitalization Strategy Area (NRSA) Articles 2 FRANKLIN CENTER PROJECT SUMMARY Property Franklin Center is a four-story, 118.625 square foot (gross) masonry and steel commercial office and parking complex containing 64,413 square feet of net rentable office area. The 13,260 square foot lower level includes a community room, multiple storage rooms, and a 34,840 square foot fully-secured parking ga- rage. The property is situated on 34,000 square feet of land located at 225-227 Franklin Street at Vine Street in downtown Johnstown, Cambria County, Pennsyl- vania Current Tenants (as of July, 2009) Tenant Suite Square Feet C. Clyde Thomas 206-B 672 The EADS Group 214 1563 Edgar Snyder 219 300 1sTeam Advertising 306 972 General Cleaning 100A 680 Johnstown Symphony 304 & 207 1,699 Laurel Legal Aid 400.402.& 404 3,321 Northwest Savings Bank 100 5,226 Preventative Dentistry 220 860 Portal Dynamics, Inc. 308 678 George Raptosh, Esq. 310 2,100 SAIC 200 & 204 4,992 Sam Shahade 301 298 Silverman, Tokarsky & Forman 406 3,240 TMS Health 200A 6,660 Vacant Suites 31.152 Total 64,413 * The total rentable square feet may be increased by the use of excess space in the lower level and elsewhere. 3 FRANKLIN CENTER Property Description Franklin Center is located in the heart of downtown Johnstown, the prime service and banking site for the com- munity. The building consists of a four-story 118,625 square-foot (gross) masonry and stell commercial office and parking structure containing 64,413 square feet of net-rentable office area (70,739 square feet gross), a 13,269 square-foot lower level (which includes a community room and multiple storage rooms) and a 34,840 square-foot parking garage. The building was well constructed and has been very well maintained. Features include “state-of-the-art” communications, heating and air conditioning, a Carlisle roofing system, and two large multi-story inner atriums which provide ample light both inside and outside the leased areas. Tenants are able to enter the building at any time, as Proxy Card entry and cameras connected to a DVR provide a secure environment for tenants. Four elevators provide ease in vertical transportation. The property is situated on 34,000 square feet of land located at 225-227 Franklin Street at Vine Street in downtown Johnstown, Cambria County, Pennsylvania. Franklin Center is ideally situated in the center of Johnstown’s business district at the most prominent corner of the city. A unique combination of a banking facility, office building and parking garage, the complex is located adjacent to Ameriserv Financial, the Pasquerilla Building and First Commonwealth Bank, and is within walking distance of the Holiday Inn, the Pasquerilla Conference Center, the Technology Park, and the War Memorial Arena. Franklin Center is home to the recently renovated Northwest Savings Bank offices and other respected financial, legal, defense contractors, medical, and professional tenants. The area continues the process of evolving from a one-industry steel city to a more diversified economy. Major employers include Conemaugh Hospital, Pennsylvania Electric Company, Federal, State and County Government, Ameriserv Financial, the National Drug Intelligence Center, First National Bank, and a plethora of defense con- tractors. The City of Johnstown offers a variety of educational and recreational pursuits and has a high-quality high school system. The University of Pittsburgh at Johnstown offers four-year programs in engineering, business and education. Year-round and recreational activities include excellent golf, boating, tennis and numerous theatre performances. The nearby Laurel Highlands provide opportunities for snow-skiing at Seven Springs, Hidden Valley and Blue Knob, as well as hunting, fishing, canoeing and camping. The Pennsylvania Turnpike (Interstate Routes 70 and 76) serves as the main east/west artery for the state and is within thirty minutes of Johnstown. Nearby Route I-19 serves as the main north/south connector artery for the area and Route 56 is easily visible and has two off-ramps within one mile of the property. Route 22, another east/ west connector, continues to be improved with significant work having been recently completed. The Johnstown/ Cambria County Airport provides scheduled commuter service to most major population centers via three United Express non-stop flights per day connecting into Washington Dulles. Conrail and Amtrack provide a wide variety of rail transport mainline services. The building provides identification as fiber optic lighting on Franklin and Vine Streets changes with seasons, holidays and special events. The insurance company has placed a replacement value of $11,500,000 on the building and parking structure. 4 FRANKLIN CENTER Building Description/Photos Franklin Center is a four-story office building with an attached garage. The facility is a mixture of re- modeled structures, a newer structure, and a parking garage. The construction materials vary, but are generally as described below. EXTERIOR Foundation: Reinforced concrete, concrete block and stone Basic Structure: Masonry with concrete and steel columns Walls: Masonry and steel clad Roof: Rubber membrane covering metal and wood decking Windows: Insulated type with tinted glass in metal frame INTERIOR Floors: Concrete with terrazzo, carpet or composition tile covering on upper floors; basement floor is concrete with carpet covering in finished areas Walls: Painted or wall covered drywall in suites and plaster in some common areas; suites have ce- ramic tile wainscoting in some restroom areas Ceiling: Suspended acoustical panels in most areas Lighting: Fluorescent recessed fixtures in office areas; vapor and fluorescent fixtures in garage area Elevators: Four passenger elevators with three capable of carrying freight Heating and Air Conditioning: Roof mounted air conditioning units; individually controlled, ceiling and floor mounted water source heat pumps. Some suites have Honeywell computerized, direct digital control systems. Fire Protection: The parking area is protected by a dry sprinkler system; other areas have fire hose cabinets. 5 FRANKLIN CENTER Building Description/Photos Communications: Advanced, state-of-the-art communication systems providing ISDN, etc; immediate availability of fiber optics Surveillance and Control: Common areas have seven cameras cabled to a DVR with Internet access. Proxi Card is required for access to the facility in off hours. LAYOUT Lower Level: Approximately 1,320 square feet of finished area used as a meeting area (the Commu nity Room) for various tenants and leased to Robert Morris University as a classroom, a sensory room previously leased to a medical tenant, two boiler rooms, two large and multiple smaller rooms, storage vault, electric room, small kitchenette, restroom and powder room; and a lower level parking garage containing fifty-five spaces. First Floor: Bank customer service and office area, upper level parking garage with drive-through banking windows, and a three-story atrium. The first floor banking area has two vaults containing 256 square feet and 425 square feet. The safe deposit boxes are the property of the Bank. The building cleaning com pany is also conveniently located on this floor. Mezzanine Area: Restrooms, lunch room and break area for suite 100A employees. Second Floor: Large open office area, meeting room, thirteen other tenant office areas of vari ous sizes, and restroom facilities. Third Floor: Two large office areas, atrium area, five tenant office areas of various sizes, and restroom facilities within most suites. Fourth Floor: Six tenant areas with restrooms in each with two tenants occupying the entire floor. 6 7 8 9 FRANKLIN CENTER Reasons to Consider Franklin Center is situated in the heart of the City of Johnstown in the south central region of the Com- monwealth of Pennsylvania. It is 75 miles east of the City of Pittsburgh, 160 miles northwest of the City of Harrisburg (the Commonwealth’s capitol), 260 miles southeast of the City of Philadelphia and 165 miles north of Washington, D. C. The Pennsylvania Turnpike, which provides access to both Pittsburgh and Philadelphia, is 25 miles to the south. The property’s attributes include the following: I. An Ideal Location: The building is located: 1. Near many major Johnstown attractions (e.g., the War Memorial Arena, Point Stadium, Central Park, Pasquerilla Conference Center); 2. In the heart of Johnstown’s financial district, adjacent to First Commonwealth Bank, across the street from Ameriserve Financial headquarters and the Pasquerilla building. The recently renovated Northwest Savings Bank is located on the first floor of Franklin Center; 3. On a major bus route which leads to Conemaugh Hospital and all points south; and 4. Two blocks away from the Bachelor’s Club, Johnstown’s premier private business club. II. A Great Rent Roll: In addition to serving Northwest Savings Bank and other banks for the past several decades, the property’s features have enabled it to consistently have one of the best rent rolls in the region.