THE HISTORIC CHASE BUILDING FOR LEASE RETAIL & OFFICE. 414 King Street Charleston, SC PREPARED BY:

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1 THE HISTORIC CHASE BUILDING FOR LEASE RETAIL & OFFICE 414 King Street Charleston, SC PREPARED BY: Coldwell Banker Commercial 3506 W Montegue Ave Suite 200 North Charleston, SC Brent Case, CCIM Desk bcase@cbcatlantic.com Kristen Corri Krause Desk Cell kkrause@cbcatlantic.com

2 THE PROPERTY The Historic Chase Building 414 King Street Charleston, SC AVAILABLE FOR LEASE PROPERTY SPECIFICATIONS Lease Rate Entire Building Lease Rate First Floor Lease Rate Second Floor NNN $40/SF NNN $45/SF NNN $35/SF NNN $7.14 Per SF Property Type: County: Building Size: Land: Minimum SF Parking Retail/Office Building Charleston 11,488 SF 0.14 Acres 5,744 Per Floor Negotiable Tax Map: DESCRIPTION Historic art deco design Offers wonderful views and glass fronts to both floors Building is 11,488-square-foot of wide-open space on two floors Freight elevator Very high ceilings on both floors Parking is available less than one block away Second floor entrance off of Hutson Street Renovated in 2007 DIRECTIONS Centrally located in Downtown Charleston. The property is on the East side of Upper King Street next to Marion Square Park.

3 PHOTO GALLERY

4 King Street FLOOR PLAN FIRST FLOOR SPACE PLAN Virginia s On King SECOND FLOOR SPACE PLAN Hutson Street Entrance

5 LOCATION King Street PARKING PROXIMITY Centrally located in Downtown Charleston, 414 King Street is an ideal location. The property is on the East side of King Street next to a $101 million hotel site and Marion Square Park. Parking Lot SITE The property has 36.5 feet of frontage on the well-known King Street. Many establishments reside on the Peninsula, MUSC, The College of Charleston and The Port of Charleston to name a few. Students, locals, employees and tourist consume the streets with high foot traffic. Approximately 60,000 people populate Downtown Charleston during the day.

6 THE KING STREET EXPERIENCE CHARLESTON S KING STREET NEARBY SHOPPING THE CULINARY SCENE SITE

7 DOWNTOWN CHARLESTON

8 SURROUNDING BUSINESSES POST & COURIER SQUARE THE ALLEY PROHIBITION STARS THE MACINTOSH WEST ELM PEOPLE MATTER HALLS CHOPHOUSE 39 RUE DE JEAN KUDU VIRGINIAS ON KING BARNES & NOBLE FRANCIS MARION HOTEL ALE HOUSE STARBUCKS ROPER ST FRANCIS MUSC HOSPITAL CAVIAR & BANANAS APPLE STORE

9 DEVELOPING PROJECTS Courier Square Courier Square Charleston Midtown/ Hyatt Elan Midtown Apartments Woolfe Street 400 Meeting Student Apartments PROJECT DETAILS Elan Midtown Luxury Multifamily Apartments 441 Meeting Street New upscale pet-friendly apartments located on the corner of Spring and Meeting Street New Hyatt Hotel under construction next door King Street King Street Bennett Hospitality Hotel Project 404 King Street Proposed luxury hotel 10-story, 185-room, and conveniently located next to Marion Square in central Downtown Woolfe Street Former Collapsed Ice Factory Proposed 8-floor Condo Building with included 2-floor parking garage Charleston Midtown Mixed-Use Redevelopment The nine-story Hyatt Hotel and commercial buildings construction is now underway. Completed in room hotel, 30,000 square feet of retail and office space and 400 space parking deck. 400 Meeting Street Student Apartments 400 Meeting Street Walking distance to College of Charleston, Marion Square, and King Street food and shopping SITE Hotel Project Dewberry Inn Courier Square A long-term, Six Phase redevelopment project Phase One is located on the corner of Columbus and Meeting Street Will include a Parking Deck, Office, and Apartments Dewberry Hotel 334 Meeting Street Contemporary Luxury Hotel to have 161 rooms and new 8th-floor with fitness center and Spa 1960 s former Federal Office Building

10 SURROUNDING BUSINESSES BENNETT HOSPITALITY HOTEL CONCEPTUALS PROJECT DETAILS 200,000-square-foot Hotel 185 guest rooms Grand lobby entrance off King Street Rooftop pool with cabanas and bar Full-service spa Spacious Ballroom

11 IN THE NEWS BENNETT HOSPITALITY BUILDING $101M HOTEL ON LIBRARY SIT Charleston Regional Business Journal April 27, 2015 Twenty-one years after Michael Bennett purchased the lot at the corner of King and Hutson streets beside Marion Square, and more than a decade after plans for it got underway, Bennett is finally preparing to build a hotel in downtown Charleston. Charleston-based real estate company Bennett Hospitality held a groundbreaking today for the $101 million hotel, which will have 185 guest rooms, a lobby lounge and bar, a spa, fitness facilities, meeting space and a rooftop pool, bar and ballroom. Bennett Hospitality owner Michael Bennett talks about his $101 million hotel project on King Street near Marion Square. (Photo Ashley Heffernan)Bennett Hospitality owner Michael Bennett talks about his $101 million hotel project on King Street near Marion Square. (Photo/ Ashley Heffernan) The hotel, which has yet to be named, will also include a bar with reclaimed pink marble from the library building that was once on the site and a bilevel restaurant overlooking Marion Square. Bennett, who is the founder and owner of the company, said he began working on the hotel 12 years ago. He spent 10 of those years navigating the courts. 10 years ago, we were approved to build this hotel, and a couple of people in town didn t like the height. As a result of that, they sued the city and they sued Bennett Hospitality, Bennett said. Bennett said his company won the lawsuit about a year and a half ago. Never did I imagine 21 years ago that it was going to take 10 years to get it approved, he said. The hotel is expected to be completed in August 2017 and to create about 350 jobs. In total, the hotel will span about 200,000 square feet and will stand eight stories tall with an underground parking garage for guests, according to the company. Bennett said his goal with the hotel is to build the finest privately built building during Mayor Joe Riley s nearly 40 years in office. Mayor Riley, back then, and it stuck with me, he would always say, Take the hundred-year view. Take the hundred-year view. What does that mean? Well, if you want it here in 100 years, build it, Bennett said. I drank that Kool-Aid. I drank it 35 years ago, and I m still drinking it today. I believed it then, and I believe it now. That hundred-year view is a powerful way to think about how to develop in a community like Charleston. Riley said Bennett is following in the footsteps of developers from previous generations. If you had the chance to build a building on a prominent street, you were honored that you did and you accepted the responsibility of building something beautiful, Riley said. It meets a hundred-year test; it exceeds a hundred-year test. This building, as long as Charleston is here, this building will be here. It will be nourishing our main street.

12 DEMOGRAPHICS 2015 POPULATION #1 Top U.S. City and #2 Top City in the World - Condé Nast Traveler 2014 Readers Choice Awards October 2014 SITE #1 City in the U.S. and Canada - Travel + Leisure 2014 World s Best Awards July 2014 Age 1-mi. 3-mi. 5-mi. Median Age, Total Median Age, Male Median Age, Female % Age #1 Friendliest City in the U.S. - Condé Nast Traveler 2014 Readers Choice Awards August 2014 % Age % Age % Age Year Projections 1-mi. 3-mi. 5-mi. Total Population 21,882 46, ,728 Group Quarters Population 3,315 5,490 6,247 Adult Population 19,501 39, ,050 Total Households 9,374 20,039 53,682 Per Capita Income 31,720 36,532 36,996 (based on Total Population) Total Population ,690 40, ,076 Outstanding Culinary Destination Saveur Culinary Travel Awards October 2014 Golf Destination of the Year North America IAGTO Awards October 2014

13 CONTACT BRENT CASE, CCIM Brent Case, CCIM has been in the real estate industry for 20 years. He is president of Coldwell Banker Commercial Atlantic, Charleston s largest commercial real estate company. Brent graduated from Xavier University cum laude with dual degrees in Marketing and International Affairs. During college, and shortly after, he worked for Procter & Gamble, AT&T and Michelin. Brent moved to Charleston in 1993 and started his commercial real estate career. His focus since then has been in retail leasing, management, development and investment. He became South Carolina State Chapter President in The next year he was elected CCIM Region Vice President and was voted Commercial Realtor of the Year. Brent has been a very active member of the Charleston Chamber of Commerce and is a graduate of their Leadership Charleston program. Currently he has been leading the company in development with approximately 10 projects over the last few years. Brent is also serving on the National Advisory Board for Coldwell Banker Commercial Corporate. He is a member of the Executive Committee for the Charleston Trident Association of REALTORS and has been on various bank boards and charitable committees. He currently resides in James Island with his lovely wife, Katie, and their two sons, Jack and William. KRISTEN KRAUSE Brent Case Desk bcase@cbcatlantic.com Coldwell Banker Commercial Atlantic has earned a spot in the Elite top two percent of producers among nearly 3,000 CBC-affiliated sales professionals For almost ten years, Kristen has earned tremendous respect among her real estate colleagues and clients. She is known for her in depth knowledge of Retail and Real Estate Development. Her dedication to accomplishing goals and commitment to meeting the needs of her clients as a skilled contract negotiator and excellent communicator has built her success on such valued attributes in the commercial estate industry. Kristen understands the importance of design, vision, and the right location to position your business for growth and the appreciation on your investment. Before entering the real estate profession, Kristen is a entrepreneur. She is co-founder of S&C Foods/Garvey Nut and Candy/First Source, one for the largest wholesale gourmet confection distribution companies in Southern California. Kristen and her family developed the downtown Los Angeles based company and implemented store design and retail development to over 3800 retail stores. Kristen s business and corporate knowledge and experience have provided the basis for her climb to success in the real estate industry. Kristen has actively engaged in local community service with City of Charleston DRB Design Review Board and a volunteer for the BB&T Wine and Food Festival. She is a generous supporter of JDRF and American Diabetes Association, and contributes both time and money to improve children and teen awareness. Kristen resides in the French Quarter in historic Charleston. Kristen Krause Desk Cell kkrause@cbcatlantic.com