STRONG SUBMARKET DEMAND WITH ATTRACTIVE ECONOMIC & POPULATION GROWTH

• Proven Raleigh-Durham market and Johnston County submarket with diverse demand drivers and high barriers to entry
• Johnston County population has grown 18.5% each of the last five-year periods, ranking among the fastest growing counties in the United States
• Economic Development Pipeline: The southeast of Raleigh has recently attracted $4.1B of investment from Novo Nordisk, $2B from Johnson & Johnson, $918M from Vulcan Elements, $145M from Reckitt, $147M from Idexx Laboratories, and an additional $2.2B from six other major businesses

COMPELLING PROJECT ECONOMICS SUPPORTED BY A FULLY ACTIONABLE, SINGLE-PHASE PLAN

• Class A, 3-building 478,440 SF business park single phase
• Institutional joint venture opportunity with Clarius Partners, a team with an exceptional track record and current industrial development budget
• Created to meet the market sweet spot in size and building depth with flexible demising and all key building and site features
• Due diligence and entitlements for Clarius Park are substantially complete, significantly reducing development risk and accelerating time to market

STRATEGIC LOCATION

• Dual-benefit location in northern Johnston County to service Research Triangle Park and the greater RDU area plus the entire eastern region of the U.S. via I-95
• Located on the 4-lane divided Hwy. 70 Business with a dedicated signalized driveway and 1.5-mile access to I-42 and the I-540 Beltway