THE PAVILION AT DURBIN PARK

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1 THE PAVILION AT DURBIN PARK ST JOHNS COUNTY, FLORIDA EXCLUSIVE LEASING PACKAGE Stephanie McCullough Nancy Sumner

2 PROPERTY OVERVIEW DESCRIPTION New mixed use project encompassing 2.4 million square feet of retail, 2.8 million square feet of office, 999 units of multi-family, and a 350 key hotel 1,700 acres encompassing expansive greenspace, bike trails, lakes, and entertainment venues throughout including a theater PHASE I 700,000 square feet of retail anchored by three large national tenants totaling over 450,000 square feet 7 outparcels for ground lease or build to suit 50,000 square feet small shop space available 127,000 square feet junior anchor space available PHASE II Entitled for more than one million square feet anchored by a national sporting goods user new to the Jacksonville MSA One mile of interstate I-95 frontage offering excellent visibility Upscale mixed use development will include retail, dining and entertainment LOCATION Intersection of I-95 and the new 9B interchange, at Race Track Road in St Johns County, Florida SR 9B Highly anticipated new access between Duval & St Johns counties Phase 2: Connecting I-295 to I-95, recently completed Phase 3: Connecting I-95 to CR 2209, and Durbin Road, completion Summer 2018 SR 9B Project Video Link GROWTH Over last 10 years St. Johns County has grown 54%. Approximately 25,000 new residential units proposed/under construction in a five mile radius.

3 PHASE 1 TENANT LIST LOCAL SHOPS B- North Shops 14,800 SF C- North Shops 12,800 SF D- Shops 11,800 SF E- Shops 9,900 SF F- Shops 13,250 SF TOTAL SHOPS 77,333 SF JUNIOR ANCHORS 1- Available 55,000SF 2- Available 25,000 SF 3- Available 27,000 SF 4- Available 31,000 SF TOTAL JUNIOR ANCHORS 138,000 SF MAJOR ANCHORS 1- Proposed 107,950 SF 2- Proposed 139,964 SF 3- Proposed 195,140 SF TOTAL MAJOR ANCHORS 443,054 SF TOTAL BUILDING 615,471 SF OUT PARCELS A- +/ AC 1- +/ AC Up to 8,230 SF 2- +/ AC 3- +/ AC Up to 7,800 SF 4- +/ AC Up to 5,000 SF 7- +/ AC 8- +/- 1.29s AC SITEPLAN: THE PAVILION AT DURBIN PARK PHASE 1 SITEPLAN: THE PAVILION AT DURBIN PARK PHASE 2

4 THE PAVILION AT DURBIN PARK: PHASE 1 PLAN

5 EXECUTIVE SUMMARY Gate Petroleum and Gatlin Development are honored to announce Durbin Park, the next super regional, mixed-use development designed to become the most distinct shopping and entertainment destination in Northeast Florida. Situated between Interstate 95 (I-95) and State Road 9B (SR 9B) in one of the fastest growing areas in Florida, this project will significantly impact the region s economic landscape. This mixed use development will provide the first large scale retail development in the area that incorporates entertainment components, hotels, offices, and residential communities to create a true live-work-play destination. The overall development sits on more than 1,700 acres at the new interchange of SR 9B, I-95, and Race Track Road with direct access from SR 9B and Race Track Road. This new interchange is located entirely within the Durbin Park property and, upon completion in 2018, it will provide the project with access to Ponte Vedra and Nocatee to the east, south Jacksonville and the Flagler Center Business Park to the north, and St. Augustine and numerous master planned residential communities to the west and south. At build out, the Durbin Park project is permitted to include 2.4 million square feet of retail, 2.8 million square feet of office space, 999 multi-family units, and 350 hotel units. A unique element of the Durbin Park development will be the inclusion of extensive green space, bike trails, nature trails, lakes, amenities, and entertainment venues spread throughout the project to create a distinct experience for shoppers, residents, office employees, and visitors alike. Phase I, located on the west side of the new interchange between SR 9B and Race Track Road, will consist of approximately 700,000 square feet of retail anchored by three large national tenants totaling over 450,000 square feet with a projected delivery of Q Phase II, located on the east side of the new interchange between SR 9B and I-95, will follow Phase I by months and will include the lifestyle retailers, restaurants, entertainment components, and Bass Pro Shops. Durbin Park is strategically located in St. Johns County, one of the fastest growing counties in the country with a 54.3 percent rise in population during the last 10 years as well as demonstrating one of the strongest economies in Florida. The majority of this population growth has occurred in northern St. Johns County in close proximity to the project. Durbin Park was recently designated by St. Johns County as an Urban Service Area to permit the development of commercial services and employment opportunities for this rapidly growing area and constitutes the largest contiguous area in St. Johns County approved for intensive commercial development. The population within a five mile radius currently boasts an average household income of $107,935, an annual growth rate of 3.54 percent, and spends an estimated $540 million annually on retail goods. Recent and planned employment growth in the immediate vicinity includes the expansion of Flagler Center Business Park, the addition of a second tower to Baptist Medical Center South, the new Brooks Rehabilitation facility, the future campus for Florida State College at Jacksonville, a new medical office building, and the Citi Corp corporate campus. Major employers in St Johns County include St Johns County School District, Flagler Hospital, Northrup Grumman, St Johns County, Florida Army National Guard, and PGA Tour, Inc. headquarters. The daytime population within a five mile radius is 17,068 employees. EMPLOYER / COMPLEX DESCRIPTION Flagler Center Business Park Baptist Medical Center South Brooks Rehabilitation Citi Corp St Johns County School District Flagler Hospital Northrup Grumman St Johns County Florida Army National Guard PGA Tour, Inc. 1M sf office 700K sf industrial 50K sf government services 7,150 employees 269 beds 1,227 employees 100 skilled nursing beds 61 assisted living units 24 memory care beds 600K sf campus 4,400 employees Government/Education 4,046 employees Hospital/Healthcare 1,887 employees Manufacturing/Aviation 1,200 employees Government/Public Administration 1,200 employees Headquarters/Military 950 employees Headquarters/Event Management 650 employees

6 VISION FOR DURBIN PARK We are adding a significant feature which will be our main identifier and differentiator from St. Johns Town Center, a 3 ½ acre park (3 football fields) which will be the focal center point in phase II of the development. We truly feel that this feature will create a destination and sense of place that is completely void in Jacksonville for all the families and people to congregate. The large entertainment cluster and exciting restaurants surrounding the park will be a reason to get people off their couch versus shopping online. Elements of the park will include water features, a large playground, merry-go-round and a temporary ice skating rink in winter. The park will act as a gathering place and will host events such as concerts, movie nights, farmers markets, and holiday events. ELM is solely designing the park - please see pictures which reflect Gatlin and Gate s vision for this iconic feature.

7 MSA RING TRADE AREA POPULATION MSA 5 MILES 10 MILES TRADE AREA 2016 Total Population 1,448,558 54, , , Annual Growth Rate 1.38% 3.54% 2.50% 3.07% HOUSEHOLD INCOME 2016 Median Household Income $53,133 $88,039 $76,692 $82, Average Household Income $73,327 $107,935 $99,126 $106,904 EMPLOYEES 2016 Total Employees 722,326 17,068 89,704 56,925

8 THE PAVILION AT DURBIN PARK: ACCESSIBILITY & PROJECTED TRAFFIC PROJECTED TRAFFIC COUNTS NUMBER ROAD ROADWAY SEGMENT 2020 TOTAL AADT 2025 TOTAL AADT 2030 TOTAL AADT 2035 TOTAL AADT 1 Race Track Rd CR 2209 (St Johns Pkwy) to West Peyton Pkwy 25,118 30,377 32,938 34,556 2 Race Track Rd East Peyton Parkway to Bartram Springs Pkwy 21,289 28,543 42,615 54,870 3 Interstate 95 CR 210 to Duval County Line 109, , , ,491 4 Bartram Park Blvd St Augustine Rd to Race Track Rd 16,749 18,961 22,706 25,703 5 State Road 9B CR 2209 (St Johns Pkwy) to Peyton Pkwy 32,591 40,231 45,658 53,422 6 State Road 9B Peyton Parkway to Interstate 95 55,574 74,340 89, ,740 7 Peyton Parkway Peyton Parkway West at SR 9B 28,951 34,196 33,437 34,265 8 Peyton Parkway Peyton Parkway East at SR 9B 18,079 39,773 50,303 60,143 Projected traffic data is from the Durbin Development Agreement Traffic Study 5/2/2016

9 THE PAVILION AT DURBIN PARK: SCHOOLS & MAJOR EMPLOYERS

10 DEMOGRAPHIC MAPS

11 DEMOGRAPHIC MAPS DURBIN PARK

12 NORTHERN ST JOHNS COUNTY: ST. JOHNS COUNTY HOUSING ACTIVITY

13 RESIDENTIAL ACTIVITY OVERVIEW

14 THE PAVILION AT DURBIN PARK: STATE RD 9B & RACE TRACK RD

15 METRO STUDY HOUSING SUMMARY DATA

16 METRO STUDY HOUSING SUMMARY DATA

17 METRO STUDY HOUSING SUMMARY DATA

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