GATEWAY GLOBAL LOGISTICS CENTER SPEC BUILDING V Marshall County, MS

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1 GATEWAY GLOBAL LOGISTICS CENTER SPEC BUILDING V Marshall County, MS UNDER CONSTRUCTION AVAILABLE NOV 2017

2 554,040 SQ. FT. AVAILABLE (expandable 1,569,780 sq. ft.) Gateway Global Logistics Center is a 1,500 acre industrial site located in both Fayette County, TN and Marshall County, MS. GGLC is adjacent to the Norfolk Southern intermodal terminal that opened in July of Access is via Highway 72, Highway 302 and the new Wingo Rd. extension. The park is also approximately 2 miles from the I-269 interchange at Goodman Rd. and 3 miles to I-269 at Highway 72 which opened in October In the last three years, Panattoni has completed a million square foot facility for Volvo, a 677,500 square foot facility for Post Consumer Brands, a 1.5 million square foot facility for Tire and Battery Corp., a 554,040 square foot facility for Niagara Bottling and most recently a 615,600 square foot facility for McCormick and Company. These projects total 4.37 million square feet, $209 million capital investment and 628 jobs. On the heels of these projects, construction has begun on a new speculative warehouse. Building V will be 554,040 square feet, expandable to 1,569,780 square feet. Delivery is scheduled for November 2017.

3 SPEC BUILDING V AVAILABILIT Y 554,040 SF (972 x 570 ) 30,000 lb. levelers, 227 docks with expansion Expandable to 1,569,780 SF (2,754 x 570 ) Cross-docked Light industrial zoning 36 clear height 54 x 50 column spacing 54 x 60 speed bay along dock area Concrete tilt wall construction 74 insulated dock doors with bumpers, seals & 125 car parking spots 2 drive-in doors, 4 driveins with expansion 123 trailer parking spots, 359 with expansion 30 Foot Candle T-5 Lighting with Motion Sensors ESFR sprinkler Direct access to I-269 and I-385 via Hwy 72 (3.5 miles) SPEC BUILDING V SITE PLAN NORTH 136 TRAILER PARKING STALLS (FUTURE) (13' x 55') 64 TRAILER PARKING STALLS (13' x 55') 30' WIDE TRUCK ENTRANCE 70' 55' FUTURE PRIVATE ACCESS ROAD 60' 81 DOCK DOORS /23 EXCESS DOCK POSITIONS CONCRETE APRON 38 DOCK DOORS /12 EXCESS DOCK POSITIONS 96.8± AC PARCEL CAR PARKING 9'X20' TYP 125 STALLS GGLC SPEC BUILDING #5 BUILDING = 1,569,780 SF 554,040 SF INITIAL PREMISES 37.7± AC PARCEL 570' EXPANSION TO 1,569,780 SF 18 54' = 972' 1 60' ' ' = 570' 1782' 972' 60' 72 DOCK DOORS /19 EXCESS DOCK POSITIONS 36 DOCK DOORS / 12 EXCESS DOCK POSITIONS 25' WIDE CAR ENTRANCE 70' CONCRETE APRON 55' 1 60' ' ' = 570' 33 54' = 1782' NORFOLK SOUTHERN WAY FUTURE CAR PARKING 9'X20' TYP 94 STALLS 59 TRAILER PARKING STALLS (13' x 55') 106 TRAILER PARKING STALLS (FUTURE) (13' x 55') 30' WIDE TRUCK ENTRANCE HIGHWAY 72

4 G AT E WAY G LO B A L LO G I S T I C S C E N T E R

5 WHY INTERMODAL When the Crescent Corridor initiative is fully implemented, it is anticipated that 1.3 million truckloads of freight will be absorbed from the highways to the rails annually, saving the U.S. 169 million gallons of fuel per year, reducing carbon emissions by 1.9 million tons, and generating a projected 73,000 jobs by Norfolk Southern constructed a new intermodal facility to serve the Memphis region near Rossville, TN in Fayette County. This new facility opened in July 2012 and feeds directly into Gateway Global Logistics Center. The $105 million terminal, where freight is transferred between trucks and trains, is attracting significant economic growth in the surrounding areas. This new intermodal facility is part of Norfolk Southern s Crescent Corridor initiative. The Crescent Corridor is an existing 2,500 mile railroad route from New Jersey to Memphis and beyond to New Orleans. It is one of the single biggest additions of new freight capacity in America since the creation of the Interstate Highway System. COMBINING THE FLEXIBILITY OF ROAD WITH THE DEPENDABILITY OF RAIL Located 2 miles north of Highway 72 and 1 mile south of State Route 57 Capacity to handle more than 200,000 truck trailers and shipping containers annually 1,000 paved trailer/container parking spaces Environmentally designed to minimize light and sound Automated gate and terminal technology that will reduce wait time entering and exiting the facility and help lower emissions

6 G R E AT E R MEMPHIS MARKET Incentive Basic s Operating E xpense Comparison MARSHALL CTY, MS DESOTO CTY, MS SHELBY CTY, TN FAYETTE CTY, TN Taxes - Unabated $0.50/SF $0.61-$0.65/SF $0.80-$0.85/SF $0.37/SF TOTAL OpEx $0.78/SF $0.85-$0.90/SF $1.10-$1.20/SF $0.67-$0.72/SF Taxes Abated* $0.22/SF $0.33/SF-$0.45/SF $0.20-$0.25/SF $0.02/SF TOTAL OpEx (w/abatement) $0.50/SF $0.67/SF-$0.78/SF $0.50-$0.60/SF $0.32-$0.37/SF Abatement term 10 year exemption (based on job creation and CapEx) 10 year exemption 10 year abatement (with Fast Track Pilot) Max up to 15 year exemption 10 year exemption S TAT E I N C O M E TA X MARSHALL CTY, MS 3% of first $5,000; 4% of next $5,000; 5% over $10,000 DESOTO CTY, MS 3% of first $5,000; 4% of next $5,000; 5% over $10,000 SHELBY CTY, TN No FAYETTE CTY, TN No S TAT E I N V E N T O R Y TA X MARSHALL CTY, MS None Freeport Warehouse Exemption for the life of the project. *Potentially willing to match Fayette Cty incentives on case by case basis. Tier III County DESOTO CTY, MS None Freeport Warehouse Exemption for the life of the project. Tier I County SHELBY CTY, TN $0.25/$100 of finished goods capped at $75,000/year ($30M inventory) FAYETTE CTY, TN $0.25/$100 of finished goods capped at $75,000/year ($30M inventory). *Depending on project scope, years 1-7 taxes only on land value; approximately $0.02/SF.; Year 8-75% abatement on building, Year 9-50% and Year 10-25%.

7 For more information, please contac t: JIM MERCER, SIOR WHITFIELD HAMILTON SCOTT ABBOTT Senior Vice President Partner Senior Development Manager Visit our site: STAY CONNECTED: STAY CONNECTED: CBRE, Inc Thousand Oaks Blvd, Suite 4000, Memphis TN Panattoni Development 35 Music Square East, Suite 301 Nashville, TN CBRE, INC. LICENSED REAL ESTATE BROKER 2016 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. PMStudio_May2016 Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.