AvidXchange Music Factory Music Factory Blvd. Charlotte, NC

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1 AvidXchange Music Factory 1000 Music Factory Blvd. Charlotte, NC

2 PROPERTY OVERVIEW AvidXchange Music Factory, located in Uptown Charlotte, is a 275,000 SF entertainment district that combines a unique mix of office, restaurant, bar and music space. Housed in a converted mill built in 1900, the Music Factory showcases its history with original brick and wood elements fused with modern design. Payment automation company, AvidXchange bought naming rights to the facility and moved its headquarters to the site in 2017 with a brand new 200,000 SF building that accommodates up to 1,000 employees. The master plan for this site includes 3 additional AvidXChange buildings identical to the existing one for a total of 4000 onsite employees. This, combined with the recently completed Cadence AREA GRAPHICS 1 Mile 3 Mile 5 Mile Total Population 16,944 96, ,488 Average Household Income $98,098 $79,305 $71,667 Daytime Employment 54, , ,452 Traffic Count: ~ 116,000 VPD on I-277 at the AvidXChange Music Factory $75,138 Average Household Income 42% Bachelors Degree or Higher CHARLOTTE GRAPHICS $297,958 Average Home Value 34.3 Median Age 25.1 Average Commute Time (minutes) 2.5 Average Household Size 14.5% Population Growth Music Factory Apartments, creates a highly desirable site. BY THE NUMBERS: Est. 1.9 Million Visitors in Festivals per year with average of 5000 attendees 600+ Shows & Concerts Per Year The Fillmore: 150 Underground: 150+ Comedy Zone: 300+ per year 15 Restaurants, Bars, & Performance Spaces 5,000 Seat Amphitheater and a 2,000 Seat Live Music Hall 205 Units at the Cadence Music Factory Visitors Age range of evenly split between men & women

3 CURRENT AVAILABILITY ABOUT: +/- 3,617 Gross SF industrial-feel office space includes a mix of offices and open space. Space Detail: Suite: B-9 +/- 3,617 Gross SF Use: Office Zoning: MUDD -0 Lease Rate: $23/SF (includes water)

4 CURRENT AVAILABILITY ABOUT: +/- 21,321 SF office space for lease. Mix of open work stations and private offices. Space Detail: Square Footage: +/- 21,321 Gross SF Use: Office Zoning: MUDD -0 Lease Rate: $25.50/SF (includes water)

5 CURRENT AVAILABILITY EXISTING FREIGHT ELEVATOR-NOT IN USE SPRINKLER FOOTPRINT VCT1 VCT1 VCT1 LVT1 VEND VEND VEND LVT1 VEND H2O/ (NO DRAIN REQUIRED) H2O/ (NO DRAIN REQUIRED) COFFEE COFFEE ICE ICE WH PTF-1 PTF-1 SPRINKLER FOOTPRINT LVT1 Floor Plan for +/- 21,321 SF Available Space Showing Office and Open Work Space 101 ENTRY 103 EQUIP A.D.A.SHOWER ROOM 104 IT STORAGE 137 SHOWER ROOM OPEN AREA 139 ENTRY 139A CLOSET FINISH SCHEDULE - AVID XCHANGE ROOM WALLS ROOM NAME FLOOR BASE REMARKS NUMBER N S E W ENTRY 101 CONCRETE SEE NOTE 4 & 11 CONFERENCE 102 EQUIPMENT 103 VCT1 SEE NOTE IT STORAGE VCT CONFERENCE MEN 134 CORR OPEN AREA CLOSET 113 HOTEL 114 STORAGE 116 CONFERENCE EXISTING 3-HR WALL HOTEL HOTEL 118 CORRIDOR 117 CONFERENCE 121 BREAK-OUT EXISTING 3-HR WALL 132 BREAK 136 WOMEN 133 CONFERENCE CONFERNCE 110 CONFERENCE 111 CLOSET 112 HOTEL 113 STORAGE 114 IT STORAGE 115 VCT1 DATA 115A VCT1 CONFERENCE 116 CONFERENCE 117 CORRIDOR 118 HOTEL 119 HOTEL 120 BREAK OUT SEE NOTE 4 NC MUSIC FACTORY A DATA 115 IT STORAGE OPEN AREA PRICING NOTE: 1. NEW RUBBER BASE AND ANY WORK ASSOCIATED WITH STORAGE 131 TO BE BROKEN OUT ON A SEPARATE LINE ITEM PRICE FOR THE LANDLORD. 2. ALL COSTS ASSOCIATED WITH FLOOR PREPARATION WHERE NEW CARPET IS SPECIFIED TO BE BROKEN OUT ON A SEPARATE LINE ITEM FOR THE LANDLORD COMMON AREA STORAGE BREAK CONCRETE SEE NOTE 6 SEE NOTE 6 SEE NOTE 7 & 8 CONFERENCE FINISH NOTES 1. ALL FINISHES ARE TO MEET NCSBC 803 & 804 AND IFC ALL EXPOSED EDGES OF CARPET SHALL COMPLY WITH ICC A117 SECTION RESTROOM FINISHES TO COMPLY WITH NCSBC & CORRIDOR 134 MEN 135 WOMEN 136 SHOWER ROOM 137 PTF-1 PTB1 P7 P7 P7 P7 SEE NOTE 6 SEE NOTE 6, SEE NOTE 7 SEE NOTE 6, SEE NOTE 7 PTF-2 AND PTW-1 WITHIN SHOWER STORAGE 2. PROVIDE LOW-VOC PAINT (LESS THAN 50 G/L - MEET OR EXCEED GS-11 STANDARDS - SHERWIN WILLIAMS PROGREEN 200 OR EQUAL). 3. PAINT TO BE APPLIED WITH PRIMER COAT AND A MINIMUM OF TWO (2) FINISH COATS. PROVIDE ADDITIONAL FINISH COATS AS REQUIRED TO ACHIEVE APPROPRIATE CONSISTENCY OF COVERAGE AND EVEN COLOR OVER SURFACE. ALL SURFACES TO BE SANDED AND PREPPED BEFORE PAINTING TO PROVIDE "AS NEW" APPEARANCE. ADA SHOWER ROOM ENTRY CLOSET A FINISH SPECIFICATIONS PTF-1 PTB1 P7 P7 P7 P7 PTF-2 AND PTW-1 WITHIN SHOWER SEE NOTE 8 1/8"=1'-0" 4. PAINT CEILING AND ANY EXPOSED PIPING OR EQUIPMENT WHITE, WHERE INDICATED ON FINISH SCHEDULE. : COMMERCIAL CARPET - 2'X2' TILE - TANDUS, DOT MATRIX 04852, METTALOID (THROUGHOUT, U.N.O.) - INSTALLATION METHOD TO BE DETERMINED CONTRACTOR RESPONSIBLE FOR RESTORING ANY AND ALL COMMON AREAS IMPACTED BY SCOPE OF WORK. FINISHES TO MATCH EXISTING. 6. EXISTING FINISH TO REMAIN, WHERE INDICATE ON FINISH SCHEDULE. CLEAN ONLY. 7. CEILING AND STRUCTURE ABOVE TO BE PAINTED WHITE IN BREAK ROOM AND RESTROOMS. LINE OF WHITE PAINT TO BEGIN AT BOTTOM OF BEAMS - APPROXIMATELY 11'-6". USE DRY FOG PAINT. : COMMERCIAL CARPET - 2'X2' TILE - INTERFACE, POSH P0801, CANNES (CONFERENCE AND PRIVATE S) - INSTALLATION METHOD TO BE DETERMINED PTF-1: 18X36 PORCELAIN TILE FLOORING FOR SHOWER ROOM FLOORS - GIO ARCHITECTURAL TILE + STONE, CLAYSTONE GICS1224SI, SILVER (NOTE ABOUT GROUT LINES, ETC.) PTF-2: PORCELAIN 2"X2" MOSAIC TILE FLOORING FOR SHOWER FLOORS - GIO ARCHITECTURAL TILE + STONE, CLAYSTONE MOSAIC GICSMOSSI, SILVER PTW-1: 12X24 PORCELAIN WALL TILE FOR SHOWER WALLS, CROSSVILLE - LEA, BASALTINA, TEXTURE LEV. RETT. (INSTALLATION PATTER TBD) GROUT1: TO BE DETERMINED (PROVIDE MINIMUM SIZE GROUT LINES PER MANUFACTURER'S RECOMMENDATION OPEN AREA 130 COMMON AREA 8. EXISTING BLACK PAINT THROUGHOUT OPEN CEILING TO REMAIN WHERE INDICATED ON FINISH SCHEDULE. TOUCH UP ONLY. 9. EXISTING CONCRETE FLOOR IN BREAK ROOM TO REMAIN. G.C. TO CLEAN, POLISH AND SEAL. 10. EXISTING EXPOSED CONDUIT TO BE PAINTED WHITE. 11. EXISTING CONCRETE FLOOR IN ENTRY 101 TO REMAIN. COORDINATE NEW PAINT COLOR/SEAL WITH TENANT. LVT1: LUXURY VINYL TILE - SHAW, GRAIN #0364V, BUFF #64140 VCT1: VINYL COMPOSITION TILE - SPECIFICATION TO BE DETERMINED PTB-1: PORCELAIN TILE 3X24 BULLNOSE BASE FOR SHOWER ROOM FLOORS AND SHOWER WALLS - GIO ARCHITECTURAL TILE + STONE, CLAYSTONE, SILVER : JOHNSONITE 4" RUBBER COVE BASE - SPECIFICATION TO BE DETERMINED - PROVIDE ROLLED GOODS ONLY : BENJAMIN MOORE - LATEX PAINT - FLAT FINISH - CLOUD COVER OC-25 (THROUGHOUT U.N.O.) P2: BENJAMIN MOORE - ALKYD ENAMEL - SEMI-GLOSS FINISH - COLOR TO BE DETERMINED (FRAMES) P3: BENJAMIN MOORE - LATEX PAINT - EGGSHELL FINISH - LAGUNA BLUE (ACCENT-LOCATION T.B.D.) P4: BENJAMIN MOORE - LATEX PAINT - EGGSHELL FINISH - DARK LIME (ACCENT-LOCATION T.B.D.) P5: BENJAMIN MOORE - LATEX PAINT - EGGSHELL FINISH - PEPPERMINT LEAF (ACCENT-LOCATION T.B.D.) FINISH PLAN A3 P6: BENJAMIN MOORE - EPOXY PAINT - COLOR TO BE DETERMINED (PAINT THROUGHOUT SHOWER ROOMS) PLAM1: PLASTIC LAMINATE - PIONITE WINTER WHITE, SW836 (COUNTERTOP & BACKSPLASH) PLAM2: PLASTIC LAMINATE - PIONITE SLATE SG228, G-FINISH (VERTICAL SURFACES) PLAM3: PLASTIC LAMINATE - SPECIFICATION TO BE DETERMINED (COUNTERS IN HOTEL AND BREAK OUT ROOMS) QSS-1: QUARTZ COUNTERTOP-CAESARSTONE-3CM-EASED EDGE, EGGSHELL 3141 (COUNTERS IN RESTROOMS 135 AND 136) : EXISTING FINISH TO REMAIN

6 CURRENT RENT TENANTS Steve Stoeckel Music Repair Center

7 CONCEPTUAL MASTER SITE PLAN H O T E L LEGEND: Existing Office Proposed Office Parking Deck Proposed Hotel Proposed Multifamily Potential for additional 1000 Employees 1000 Employees Potential for additional 1000 Employees Potential for additional 1000 Employees PARKING: Proposed Parking Requirement Total Office SF: 805,680 sf 4.5/1,000 Total Hotel: 200 Rooms Total Multifamily: /Unit Total Spaces Required: Proposed Parking Provided Proposed Surface Parking Provided 3,625 Spaces 109 Spaces 660 Spaces 4,394 Spaces 719 Spaces Quick Fact: When Complete, the AvidXchange Campus will house 4000 employees Proposed Phase 1 Deck w/expansion 1,191 Spaces Proposed Multifamily Deck 675 Spaces Proposed Phase III Parking Deck 1,872 Spaces Total Spaces Provided: 4,457 Spaces

8 AVIDXCHANGE AvidXchange Headquarters 200,000 SF Office Building Completed in 2017 Houses 1000 Employees Identical second building is set to be completed in AvidXChange payment automation company moved its headquarters to the Music Factory campus in The 200,000 SF building accomodates up to 1000 employees. Per the company CEO Mike Praeger, the Charlotte Business Journal s 2017 Person of the Year, the company plans to have an identical building completed in 2019.

9 AVIDXCHANGE IN THE NEWS

10 AREA MAP Multifamily Developments Existing, Under Construction or Planned 8 Alpha Mills, Existing Mercury NoDa, Existing Novel NoDa, Existing NRP, Planned Beauwright, Planned Wood Partners, Planned Southern Apartment Group, Planned Uptown Proffit Dixon, Planned Faison, Planned Eller Capital, Planned Peridoe on the Greenway, Planned Highland Mills Lofts, Existing Yards at NoDa, Existing 21 The Lofts at NoDa Mills, Existing 22 Tompkins Hall Apartments, Planned Cadence Music Factory, Existing AvidXChange Music Factory Apartments, Planned 25 Skyhouse Uptown North Apartments, Existing 26 Ascent Uptown Apartments, Existing 32 New Uptown Hotel Developments 1 Grand Bohemian Rooms, Under Construction Intercontinental Rooms, Under Construction AC/Residence Inn Rooms, Under Construction Springhill Suites Rooms Kimpton Tryon Park Rooms The Ivey s - 42 Rooms Embassy Suites Rooms 27 Circa Uptown, Existing 28 The Mint, Existing 29 The Vue, Existing 30 Catalyst, Existing 31 Element Uptown, Existing 32 Novel Stonewall Station, Existing 33 Quarterside, Existing 34 Enclave, Existing

11 Photo Credit: MYJIVE

12 WHITNEY FREEB URN JIMMY FLOWERS The Nichols Company (O) (F) Queens Rd. Charlotte, NC 28207