GRAND AVE S & SOUTHCROSS DR W ±4.8 ACRES OF RESIDENTIAL LAND BURNSVILLE, MN AFFILIATED BUSINESS DISCLOSURE AND CONFIDENTIALITY AGREEMENT CBRE, Inc. operates within a global family of companies with many subsidiaries and completeness, or fitness for any particular purpose. All information is presented related entities (each an “Affiliate”) engaging in a broad range of commercial real “as is” without representation or warranty of any kind. Such information includes estate businesses including, but not limited to, brokerage services, property and estimates based on forward-looking assumptions relating to the general facilities management, valuation, investment fund management and development. economy, market conditions, competition and other factors which are subject At times different Affiliates, including CBRE Global Investors, Inc. or Trammell Crow to uncertainty and may not represent the current or future performance of the Company, may have or represent clients who have competing interests in the same Property. All references to acreages, square footages, and other measurements are transaction. For example, Affiliates or their clients may have or express an interest approximations. This Memorandum describes certain documents, including leases in the property described in this Memorandum (the “Property”), and may be the and other materials, in summary form. These summaries may not be complete nor successful bidder for the Property. Your receipt of this Memorandum constitutes accurate descriptions of the full agreements referenced. Additional information your acknowledgment of that possibility and your agreement that neither CBRE, and an opportunity to inspect the Property may be made available to qualified Inc. nor any Affiliate has an obligation to disclose to you such Affiliates’ interest or prospective purchasers. You are advised to independently verify the accuracy and involvement in the sale or purchase of the Property. In all instances, however, CBRE, completeness of all summaries and information contained herein, to consult with Inc. and its Affiliates will act in the best interest of their respective client(s), at arms’ independent legal and financial advisors, and carefully investigate the economics length, not in concert, or in a manner detrimental to any third party. CBRE, Inc. and of this transaction and Property’s suitability for your needs. ANY RELIANCE ON THE its Affiliates will conduct their respective businesses in a manner consistent with the CONTENT OF THIS MEMORANDUM IS SOLELY AT YOUR OWN RISK. law and all fiduciary duties owed to their respective client(s). Your receipt of this Memorandum constitutes your The Owner expressly reserves the right, at its sole discretion, to reject any or all acknowledgment that (i) it is a confidential Memorandum solely for your limited expressions of interest or offers to purchase the Property, and/or to terminate use and benefit in determining whether you desire to express further interest in discussions at any time with or without notice to you. All offers, counteroffers, and the acquisition of the Property, (ii) you will hold it in the strictest confidence, (iii) negotiations shall be non-binding and neither CBRE, Inc. nor the Owner shall have you will not disclose it or its contents to any third party without the prior written any legal commitment or obligation except as set forth in a fully executed, definitive authorization of the owner of the Property (“Owner”) or CBRE, Inc., and (iv) you will purchase and sale agreement delivered by the Owner. not use any part of this Memorandum in any manner detrimental to the Owner or CBRE, Inc. If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return it to CBRE, Inc. This Memorandum contains select information pertaining to the Property and the Owner, and does not purport to be all-inclusive or contain all or part of the information which prospective investors may require to evaluate a purchase of the Property. The information contained in this Memorandum has been obtained from sources believed to be reliable, but has not been verified for accuracy, EXECUTIVE SUMMARY OFFERING AREA AMENITIES CBRE is pleased to offer a unique ±4.8-acre high density development Commercial Amenities opportunity in Burnsville, MN that allows ±130 units per City of Burnsville Endless retail and restaurant options are available near the site including concept plan approval. Burnsville Center a 1.1 million regional shopping mall, large anchor tenants like Target, Wal-Mart, Costco, and sit down, quick serve, and fast food dining LOCATION options. The property is well located in the southern Twin Cities, at the SE corner of Recreational Amenities Interstate 35E/35W and County Road 42 directly east of Burnsville Center. Local recreational options are endless and include golfing, snow-skiing, trails, Quick access to I-35W, I-35E, and County Road 42 is available from the public parks, fishing, and ball fields. Twin Lakes is adjacent to the site providing a property via Grand Avenue South. Large employment centers in Burnsville, wetland feature and open space for future residents. Savage,Lakeville, Eagan, and Bloomington are nearby as is direct freeway access to downtown Minneapolis and downtown St. Paul. Regional Medical Center Fairview Ridges Hospital is located just north of the property and provides DEVELOPMENT POTENTIAL outstanding care to the Twin Cities communities located south of the river. They By using the topography Twin Lake and the wooded areas as resources, the provide emergency services for the entire family, including pediatric emergency concept plans created show density of 130 units. The ±4.8 acres location care for provides a perfect location to develop a residential neighborhood of townhomes children. In addition, they offer on-site access to specialists in everything from or villas. Development options include buildings allowing for property types heart and cancer care to pediatrics and sports medicine. including luxury market rate apartments, senior housing, hospitality and for sale townhomes. Additional medical providers in the area include Allina Health, Park Nicollet, and Gillette Children’s Clinic. The owner (Healey Ramme Company) has 40 years of multifamily development experience, has a long-term relationship with the city and has developed SCHOOL DISTRICT apartments in Burnsville. Healey Ramme Company worked with a strong team of Located within the Award Winning Independent School District 196, Rosemount- professionals to develop the plan for concept approval. Stantec (John Shardlow) Apple Valley-Eagan. The school district consists of 33 schools (19 elementary, 6 provided planning and architectural services. Sambatek (Brady Busselman) middle schools, 6 high schools, and 2 schools for special needs) and is one of provided civil engineering services and Ebeling (Craig Ebeling) provided local the top-rated school districts in the State of Minnesota. government consulting services. This team of professionals continues to be available to work on development of the site. B UR NHAVE N DR PORTLAND AVE S E 42 V A D N A R D G R L L I H K C U U S OU B B THCROSS D R W PROPERTY HIGHLIGHTS • Portion of Outlot B of plat filed in June 2019 • Zoned MIX, PUD • ±4.8 gross acres with concept plan for 130 residential units • County Road 42 retail and restaurant options nearby, including Burnsville Cen- ter, Target, Costco, Best Buy, and Home Depot • Adjacent to Lecesse apartment development consisting of 275 market rate apartment homes under construction • Utilities to site • Adjacent to Weekley for sale project consisting of 52 homes under construction • Large Medical Office employment base nearby (Spring 2021) • Rosemount-Apple Valley-Eagan ISD 196 • Quick access to I-35W, I-35E, and County Road 42 PROPERTY INFORMATION DEVELOPMENT OPPORTUNITY (UNPRICED) DUE DILIGENCE MATERIALS AVAILABLE UPON REQUEST • Tree survey • Land for sale • Property Tax Statements • Traffic study AREA RECREATIONAL AMENITIES • Geotechnical Reports • Buck Hill • ALTA Survey • Phase 1 Environmental • Murphy Hanrehan Park Reserve • Wetland Delineation • Plat • Burnsville Parks • Title Commitment • Crystal Lake Golf Club TRAFFIC COUNTS IMMEDIATE ACCESS TO: • I-35W - 50,000 VPD (2019) • I-35W • I-35E - 59,000 VPD (2019) • I-35E • County Road 42 - 28,948 VPD (2019) • County Road 42 • Southcross Dr W - 5,200 VPD (2018) • Grand Ave ZONING/CONCEPT PLAN • Grand Ave - 1,550 VPD (2018) • Zoning: MIX, PUD SCHOOL DISTRICT • Concept Plan: High Density Residential • Rosemount-Apple Valley-Eagan ISD 196 Developers and investors should not contact any governmental agency (including but not limited to the City of Burnsville) without Owner’s or CBRE’s prior written consent. Please contact CBRE directly for further discussion and written consent to be executed by the proposed buying entity. PID ACRES 2020 PROPERTY TAXES Portion of 027820000020 ±4.8 CONCEPT PLAN CONCEPT PLAN LOCATION AERIAL Downtown Minneapolis MINNEAPOLIS - ST. PAUL INTERNATIONAL AIRPORT Bloomington Burnsville BURNSVILLE CENTER 1.1 MILLION SF SUBJECT SITE SOUTHCROSS DRIVE W BUCK HILL ROAD GRAND AVENUE S AREA AMENITIES MAJOR RETAILERS MAJOR HOSPITALITY AREA RESTAURANTS AREA RETAIL MAP BURNSVILLE RETAIL OVERVIEW MCANDREWS RD W 82,000 COUNTY HWY 5 14,500 56,000 COUNTY HWY 42 49,500 SUBJECT SITE BUCK HILL ROAD GRAND AVENUE S SOUTHCROSS DRIVE W SOUTHCROSS DRIVE W CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners, and the use of such logos does not imply any affiliation with or endorsement of CBRE. BURNSVILLE OVERVIEW TERRIFIC BURNSVILLE LOCATION Excellent access to major roads including Interstates 35E/35W allows residents easy access to both downtown Minneapolis and downtown St. Paul, as well as the world renowned Mall of America and the Minneapolis-St. Paul International Airport (both less than ten minutes from the property). The subject property is located near County Road 42 which is a major east/west corridor stretching from Rosemount to Shako- pee. There is a heavy concentration of retail from Prior Lake and Savage stretching through Burnsville to Rosemount.