New Jersey s Premier Office Redevelopment 340 MOUNT KEMBLE AVENUE MORRISTOWN, NJ

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1 New Jersey s Premier Office Redevelopment 340 MOUNT KEMBLE AVENUE MORRISTOWN, NJ

2 FOR TODAY S WORKFORCE 440,398 RSF of completely renovated work space, just 5 minutes from downtown Morristown

3 FOR TODAY S WORKFORCE OVERVIEW Ownership is breathing new life into a 440,398 RSF property to create a contemporary workplace for today s workforce. New amenities, new finishes, new common areas, and a new setting fuse to create a new paradigm for office all within five minutes of amenity-rich downtown Morristown.

4 FOR TODAY S WORKFORCE CAPITAL IMPROVEMENTS The transformation underway at 340 MK is bringing forth a new type of office building with Millennial-friendly features: New façade featuring full-height glass curtain walls New, striking common area finishes Above-average finished ceiling heights State-of-the-art mechanical systems and controls New circular entrance and extensive site work to improve traffic flow Abundant power feed

5 FOR TODAY S WORKFORCE AMENITY SCHEME

6 FOR TODAY S WORKFORCE AMENITIES Amenities designed to enhance daily interactions, spur creativity, and promote productivity.

7 FOR TODAY S WORKFORCE AMENITIES Amenities designed to enhance daily interactions, spur creativity, and promote productivity.

8 FOR TODAY S WORKFORCE AMENITIES Amenities designed to enhance daily interactions, spur creativity, and promote productivity.

9 FOR TODAY S WORKFORCE AMENITIES Amenities designed to enhance daily interactions, spur creativity, and promote productivity.

10 FOR TODAY S WORKFORCE AMENITIES Amenities designed to enhance daily interactions, spur creativity, and promote productivity.

11 FOR TODAY S WORKFORCE AMENITIES Amenities designed to enhance daily interactions, spur creativity, and promote productivity.

12 LIVING SHOPPING DISTRICT

13 LIVING DOWNTOWN MORRISTOWN A LIVE, WORK, GROW COMMUNITY. 25,000 RSF

14 LIVING TWENTY OF NJ S TOP RANKED SCHOOL DISTRICTS (590 Districts Total) WITHIN +/- 30 MINUTE DRIVE TOP SCHOOL DISTRICTS 2 Millburn 4 Livingston 5 Summit 6 Chatham 7 Basking Ridge 8 Skillman 10 North Caldwell 14 Montclair 15 Ridgewood 30 MINUTE DRIVE TIME 17 Chester 22 Mountain Lakes 23 Bernardsville 24 Demarest 26 Westfield 28 Morristown 30 Annandale 36 Parsippany 39 Pompton Lakes 41 Martinsville 46 Denville

15 RECRUITING REPRESENTATIVE TALENT Morristown

16 RECRUITING 2016 GROUNDBREAKING Relocation & expansion (from Bergen County) Facility dedicated to R&D 200,000 rsf This new facility will provide a collaborative setting for the creative team developing the UPS technology of tomorrow. - UPS Chief Information Officer MORRIS COUNTY TALENT BASE CASE STUDY TALENT SETS: Software Development Customer Interface Development Logistics Systems Engineering Packaging Innovation INNOVATION CENTER Morristown UPS INNOVATION CENTER

17 GETTING CONVENIENT REGIONAL ACCESS I minutes (1.4 miles) via Exit 33 Downtown Morristown 5 minutes (2 miles) via US-N Morristown Municipal Airport 14 minutes (8.7 miles) via I-287N Newark Liberty International Airport 30 minutes (25.8 miles) via NJ-24E and I-78E New York Penn Station 60 minutes via N.J. Transit / Morristown Station

18 GETTING Scranton 476 DRIVE TIME ANALYSIS 84 Goshen 6 BY CAR Danbury New York 6-TRUCK Milford Summit 8:00 AM TOTAL ONE-WAY 340 MK TRAVEL TIME Pennsylvania 8:25 AM 25 minutes Randolph 8:00 AM 8:25 AM 25 minutes Bedminster 8:00 AM 8:30 AM 30 Minutes ORIGIN 80 DEPART Westfield 8:00 AM Montclair 8:00 AM 8:36 AM :00 AM 8:45 AM Princeton 8:00 AM 9:00 AM W New Castle 206 Ossining New City Monroe 40 minutes New Jersey Pearl River minutes 1 hour Wayne 287 Greenwich Port Chester Chester 10 West Orange Livingston Nutley Bloomfield Belleville 24 Mendham Madison Washington Township South Orange Village, Tow Millburn Irvington Maplewood Summit Union Hillside Scotch Plains Clinton Roselle Westfield Cranford Plainfield North Plainfield Brooklyn 278 Bayonne 678 Jamaica Elmont Garden City Floral Park 24 Franklin Square West Hempstead Piscataway Edison Hamilton Ringoes North Massapequa Massapequa Massapequa Park Seaford Long Beach Perth Amboy KEY: International States and Provinces Sayreville North Brunswick 27 Levittown Carteret New Brunswick Voorhees East Meadow Fords Somerset Hillsborough 24 Hempstead Uniondale North Bellmore Wantagh Roosevelt Bellmore Freeport Merrick Rockville Centre Baldwin Lynbrook Oceanside Valley Stream Deer Park Bethpage Woodbridge 287 South River East Brunswick Old Bridge New York 295 New York 78 Mineola 495 Plainview 278 Avenel Iselin Colonia 222 Flemington 278 Linden South Plainfield Somerville 495 Hicksville Woodmere Rahway 22 Bridgewater Syosset Branchburg Huntington Station Port Washington 295 Union City Jersey City 1-9 Elizabeth Warren 22 Secaucus East Northport Glen Cove Bronx North Bergen West New York Hoboken Berkeley Heights Bedminster New Rochelle 95 Newark 78 Bernardsville 22 1 Yonkers Cliffside Park 3 Kearny Orange East Orange Rutherford Lyndhurst North Arlington Pennsylvania 21 Montclair Morristown 206 Allentown Fort Lee Palisades Park 3 46 Harrison Mamaroneck 95 Clifton Passaic 80 Mount Olive Hackettstown W Teaneck Englewood Hackensack Lodi 80 Garfield 46 Franklin 10 Dumont New Milford Bergenfield Mount Vernon Elmwood Park Dover 46 Whitehall Eastchester Paramus Paterson Belvidere Montville 80 Jim Thorpe 476 White Plains Ridgewood Hawthorne Fair Lawn Hopatcong 80 Hope Bethlehem 1 Scarsdale 87 Blairstown Stamford 287 9W Darien 684 Orangetown Wyckoff Sparta State 9 Hazlet Middletown State Highways 123 US Highways 123 Interstate Highways 123 Princeton Pennington Toll Roads 206 Doylestown 9 Tinton Falls Long Branch 95 -BR 422 Manalapan 1 Lansdale 422 Mercerville 130 Trenton 95 Freehold New Jersey BR Drive Time Radius: 60 Minute DriveTime Ewing 476 Pottstown Nanuet 206 Stroudsburg 209-BR Phillipsburg Easton 287 Mahwah Newton Westport Norwalk Spring Valley New Canaan W West Milford BR 7 Connecticut minutes 8:40 AM Hackettstown Peekskill 30 Minute DriveTime Asbury Park 9 Hamilton Minute DriveTime West Babylon North Babylon West Islip Lindenhurst Copiague

19 SHUTTLE SERVICE

20 PARKING PARKING RATIO: 4.5 / 1,000

21 WORKING AERIAL SITE PLAN

22 WORKING SPECS

23 GROWING STACKING PLAN UP TO 440,398 RSF AVAILABLE 76,874 SF THIRD FLOOR SECOND FLOOR 71,004 SF STACKING PLAN UP TO 440,398 RSF AVAILABLE CONFERENCE CENTER CAFETERIA FITNESS CENTER ATRIUM COFFEE BAR CIRCULATION RESTROOMS CONFERENCE CENTER CAFETERIA FITNESS CENTER ATRIUM COFFEE BAR CIRCULATION RESTROOMS FIRST FLOOR 71,859 SF 77,868 SF 72,454 SF AMENITIES GROUND FLOOR 44,936 SF

24 GROWING GROUND FLOOR MULTI TENANT 44,936 RSF AMENITIES Tenant 44,936 RSF

25 GROWING FIRST FLOOR MULTI TENANT SOLUTION #1 COFFEE BAR Tenant 2 71,859 RSF Tenant 1 72,454 RSF

26 GROWING FIRST FLOOR MULTI TENANT SOLUTION #2 COFFEE BAR Tenant 2 48,136 RSF Tenant 1 72,454 RSF Tenant 3 28,724 RSF

27 GROWING FIRST FLOOR MULTI TENANT SOLUTION #3 COFFEE BAR Tenant 2 39,178 RSF Tenant 1 72,454 RSF Tenant 3 32,681 RSF

28 GROWING SECOND FLOOR MULTI TENANT SOLUTION Tenant 2 40,004 RSF Tenant 1 77,868 RSF Tenant 3 31,000 RSF

29 GROWING THIRD FLOOR MULTI TENANT SOLUTION #1 Tenant 1 76,874 RSF

30 GROWING THIRD FLOOR MULTI TENANT SOLUTION #2 Tenant 1 53,661 RSF Tenant 1 23,213 RSF

31 GROWING THIRD FLOOR MULTI TENANT SOLUTION #3 Tenant 1 42,403 RSF Tenant 1 34,471 RSF

32 GROWING SECOND FLOOR TESTFIT 146,710 RSF

33 INCENTIVES ECONOMIC INCENTIVES Potential incentives for a company occupying 200,000 square feet and employing 800 workers in an industry with salaries higher than the county average:

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