ST PAUL REALTY, LLC FORMER BUSH FURNITURE INDUSTRIES 284,406 Square Feet on Acres St. Paul, Virginia

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1 ST PAUL REALTY, LLC FORMER BUSH FURNITURE INDUSTRIES 284,406 Square Feet on Acres St. Paul, Virginia

2 FORMER BUSH FURNITURE INDUSTRIES ONE FOURNIER PLACE ST PAUL, VA SIZE: GROUND: NUMBER OF BUILDINGS: DIMENSIONS: Approximately 284,406 sq. ft. Approximately acres One, modern single story industrial facility varies- see drawing DATE OF CONSTRUCTION: 1989 and 1993 CONDITION OF PROPERTY: Excellent CONSTRUCTION: Floors: 6" reinforced concrete with 6x6 10/10 WWM over vapor barrier on 4 stone Columns: Steel Walls: Insulated pre-engineered metal with 8 interior painted plywood liner panel Roof: Insulated standing seam metal COLUMN SPACING: CEILING HEIGHT: LIGHTING: 26 X 75 in original section 26 length in addition and width varies from 58 to 65 see drawing clear in original section clear in the addition clear below the bottom of the bar joist Metal halide plus opaque strip along the top of the perimeter in the addition perimeter security lighting

3 FORMER BUSH FURNITURE INDUSTRIES ST PAUL, VA PAGE TWO WATER: SEWER: POWER: GAS: HVAC: SPRINKLER: COMPRESSED AIR: Supplied by Town of St. Paul 6 main Supplied by Town of St. Paul 8 main Supplied by Old Dominion Power Company - Two 1500 KVA pad mounted transformers - Total of 5000 amp, 480/277 volt, 3 phase, 4 wire interior switchgear Onsite 10,000 gallon propane tank. Possible natural gas extension available from Virigina Gas Distribution Company Supplied by suspended propane fired blowers and some radiant heat. Plant area is ventilated by wall fans and louvers. Office areas are air conditioned and heated. 100% wet system- density is.21/1020 in original section and.20/3000 in addition Compressors removed- air lines throughout manufacturing area

4 FORMER BUSH FURNITURE INDUSTRIES ST PAUL, VA PAGE THREE RESTROOMS: Office: Men 4 toilets, 3 urinals, 5 sinks Women 5 toilets, 5 sinks Plant: Men 5 toilets, 3 urinals, 6 sinks Woman 5 toilets, 6 sinks Private restroom 1 toilet and 1 sink OFFICE: 6,250 sq. ft. of attached office including reception area, private offices, open administrative area and restrooms. Finish consists of carpeted floor, finished sheetrock walls, suspended acoustical ceiling and recessed fluorescent lighting. Additional restrooms break rooms and production offices located in the manufacturing area TRUCK LOADING: X 8 manual dock high loading doors with levelers, lights and seals X 14 manual dock high loading doors with levelers X 14 manual drive in door X 14 floor level doors access exterior rail platform X 14 floor level door accesses exterior rail platform which is also served by an edge of dock leveler X 16 high electric drive in doors PARKING: Paved and marked spaces for approximately 256 vehicles. FORMER USE: Wood office furniture manufacturing

5 FORMER BUSH FURNITURE INDUSTRIES ST PAUL, VA PAGE FOUR TAXES: 2007 Assessed Value (next assessment 2012) Improvements: $2,874,400 Land: $ 259,400 Total: $3,133, Russell County tax rate: $.61/$100 Note: the land value above includes the 1.06 acre portion of the property that is taxed by Wise County Wise County tax bill was $ Russell County tax bill was $18, RAIL: TRANSPORTATION: MISCELLANEOUS: Active spur which can be served by either Norfolk Southern or CSX. Facility is located adjacent to four-lane US Highway 58, approximately 30 miles west of I-81 at Abington, VA Improvements are totally fenced

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9 Why St. Paul? Available low cost, technology trained and trainable labor Low taxes, pro business environment Low power rates Safe and secure location Existing industry success State of the art infrastructure Exceptional quality of life Economic development incentives

10 Central East Coast Location Fourteen state capitals are within a 500 mile radius of the region Geographic center of east coast Within a day s drive of ½the US population

11 ST PAUL

12 4 Year Colleges and Universities 1. UVA at Wise 2. Bluefield College 3. Appalachian School of Law 4. Southwest Appalachian Higher College Ed of Center Pharmacy 5. Southwest Virginia Intermont Higher Ed College Center 6. Emory Virginia & Intermont Henry College College 7. King Emory College & Henry College 8. East King Tennessee College State 9. University East Tennessee State 9. University Pikeville College 10. Lincoln Pikeville Memorial College College 11. Radford Lincoln Memorial University College 12. Virginia Radford Polytechnic University Institute 13. Concord Virginia Polytechnic University Institute 14. Alice Concord Lloyd University College Alice Lloyd College HIGHER EDUCATION OPPORTUNITIES HIGHER EDUCATION OPPORTUNITIES 23 2 Year Community Colleges 1. Southwest Virginia Community College 2. Mountain Empire Community College 3. Virginia Highlands Community College 4. Wytheville Community College 5. Northeast State Technical Community College 6. New River Community College

13 Manufacturing Training Programs Secondary Education Career/Technical Schools Community Colleges Specialized Degrees & Programs (Manufacturing/Industrial Technology) Customized Training/Flexibility CAD Labs and CNC Machining Virginia Workforce Services Pre employment Assessment On the Job Training Recruitment assistance

14 Transportation Access TRANSPORTATION

15 e Region Incentives VCEDA low interest loans and grants Tobacco Commission grants Governor s Opportunity Fund grants Enterprise Zones and Technology Zones Workforce training grants and assistance Major business facility job tax credits Low tax rates Customized incentive proposals Note: Incentives are subject to and based upon eligibility, location, due diligence, funds availability, program requirements, and various board approvals

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