FIRST FLORENCE LOGISTICS CENTER

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1 FIRST FLORENCE LOGISTICS CENTER 577,200± SF Cross-Dock Distribution Building UNDER CONSTRUCTION DELIVERY 4TH QTR YEAR PILOT TAX INCENTIVES GROW NJ TAX INCENTIVES OWNER / DEVELOPER Scott Mertz, SIOR President scott.mertz@naimertz.com NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION CONTAINED HEREIN, AND THE SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE, AND OF ANY SPECIAL LISTING CONDITIONS IMPOSED BY OUR PRINCIPALS NO WARRANTIES OR REPRESENTATIONS ARE MADE AS TO THE CONDITION OF THE PROPERTY OR ANY HAZARDS CONTAINED THEREIN ARE ANY TO BE IMPLIED.

2 PROPOSED SITE PLAN FIRST FLORENCE LOGISTICS CENTER RAILROAD AVENUE 8 WALK TO OLIVE UNDER CONSTRUCTION 577,200 SF INDEPENDENCE ROAD CEDAR LANE

3 FIRST FLORENCE LOGISTICS CENTER BUILDING SPECIFICATIONS 577,200 SF cross dock industrial facility 36 clear height 130 minimal truck court 60 concrete apron 104 dock high loading doors (1/5,550 RSF) Auto Parking: 229 Trailer Stalls: 133 (23/100K RSF) 3 oversize drive-in doors 520 deep by 1,110 long Typical column spacing of 50 x 56 in interior bays 60 deep speed bays 40,000 lb. mechanical levelers, bumpers, seals and swing arm dock lights at each of the 104 dock high loading doors 7 concrete slab 60 mil EPDM roof, R-20 roof insulation, 15 year warranty Tilt wall construction, R-9 ESFR sprinkler system T5 lighting at 25 fc open warehouse Spec office = 5,142 RSF

4 SUPERIOR ACCESS Florence, NJ is in the midst of an Industrial Renaissance. FIRST FLORENCE LOGISTICS CENTER Distributors and manufacturers have been drawn to the area as its highway access make it an ideal logictics hub. Basing operations in Southern New Jersey provides the ability to reach 130 million people within a one-day drive. First Florence Logistics Center has easy access to New Jersey s primary arteries - the New Jersey Turnpike and I along with the Pennsylvania Turnpike via the PA - NJ connector bridge. Distance to Key Points New Jersey Turnpike Pennsylvania Turnpike 4.2 mi 3.9 mi I mi Route mi Port of Philadelphia Port of Camden 21 mi 25 mi Philadelphia New York City 25 mi 70 mi Philadelphia Int l Airport 35 mi Baltimore 130 mi Port Elizabeth 58 mi Washington, DC 165 mi Newark Liberty Int l Airport 58 mi Boston 280 mi JFK International Airport 82 mi

5 ECONOMIC INCENTIVES New Jersey has gone on the offensive to attract and retain companies and spur job growth and is offering aggressive incentives that make new development and corporate relocation advantageous. First Florence Logistics Center is eligible for incentives at both the state and local level. FIRST FLORENCE LOGISTICS CENTER STATE OF NEW JERSEY INCENTIVES GROW NJ Credits available up to $15,000 per employee, per year Base tax credits ranging from $500 to $5,000 per job (created or retained), per year Bonus credits ranging from $250 to $3,000 per job (created or retained), per year Credits available for acquisition or leasing of a qualified facility Additional incentives for investment in a designated Urban Transit Hub Flexibility in the use of tax credits by allowing awarded but unused credits to be carried forward for 20 successive tax periods FLORENCE TOWNSHIP INCENTIVES PILOT (Payment In Lieu OF Taxes) First Florence Logistics Center has been approved for a 20 year PILOT tax incentive, which provides significant savings on real estate taxes. In the first year, the PILOT program would yield a 45% reduction in the total tax bill. John F. Hanlon Sr. Investment/Development Officer jhanlon@firstindustrial.com Scott Mertz, SIOR President scott.mertz@naimertz.com