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HomeMy WebLinkAboutCRA-R-12-0044 Support DocumentsCITY OF MAIM OFFICE OF THE CITY CLERK BID SECURITY LIST RECEIVED LATE • BID 1TEM: Overtown Shopping Center Commercial Building Management NUM13ER: CRA RFP 12-001 DA.T17, BID OPENED: Thursday. May 31, 2012 TIME: 2:00 PM BIDDER 1ASC13111)--------111/661C/15(0i) AMOUNT CASHIER'S C.11F,CK WI.S. 1.,,C, d/b/a NAI Miami.Commercial Real Estate Services Worldwide • 1 Reds,,Teo Management — .... BA(. H Real Estate Doral Properties Real Estate On "i„):IfeTz •...'•— . 0.171-.5'.'..` c I • N/A N/A N/A N/A N/A N/A N/A N/A 'Person Receiving Bids oday's Date (s) on behalf' PREPARED BY: 1 of 1 Y. r1 C:" C " L . . ......._. munity RedeN;e. Aaeney Deputy City Clerk Spanioli,. Mark From: Sent: To; Subject; Clarence, Spanioli, Mark Monday, June 11, 2012 7:56 AM Woods, Clarence RFP 12-001 Overtown Shopping Center Building Management I have reviewed the 4 responses to the RFP referenced above, Based on my review, it Is my recommendation that we call in the two top ranked management firms for further discussion. The two top ranked proposals submitted to the CRA are: NAI Miami Commercial Real Estate Services Redeye() Management Both of these proposals provided sufficient documentation as requested in the RFP and seem to have the most comparable experience with shopping center management locally. These were also the only two companies that provided a written proposal of their fees for the management and redevelopment of the shopping center. I dropped off a copy of each proposal for your perusal. Please advise. Sincerely, Mark S. Mark Spanioli, P.E. Director of Engineering and Construction City of Miami Community Redevelopment Agency 49 NW 5th Street, Suite 100, Miami, FL 33128 P: 305-679-6800 F: 305-679-6835 www.miamicra.corrm 1 Proposal Per RFP 12-001 Overtown Shopping Center Commercial Building Management Prepared for Southeast Overtown Park West Redevelopment District Community Redevelopment Agency From WLS, L.C., a Florida limited liability company d/b/a NAI Miami Commercial Real Estate Services Worldwide May 31,2012 r Company Profile J ( 2 Marketing J 3 Client / Leasing References i 4 Client List 2 5 Portfolio Samples 1 6 Company's Financial and Legal Ability 7 Form Agency Agreement ( J J Company Information Name of Firm: WLS L.C. d/b/a NAI Miami a/k/a NAI Miami Commercial Real Estate Services, Worldwide Ad dress: 9655 South Dixie Highway Suite 300 Miami, Florida 33156 Telephone: (305) 938-4000 Fax: (305) 938-4002 Email: jlarkin@naimiami.com Name of Contact: Jeremy S. Larkin, President Date Incorporated: 1997 Principals and Officers Amandalyn Realty Corp. include: Jeremy S. Larkin ELS Realty Corp.. Edward L. Schmidt R.A.E. Realty, Inc. Robert A. Eckstein HJRBFD, Inc. H. Josh Rodstein Federal Employer ID Number: 65 0880436 Location where work will be Marlins Stadium Parking Garage Retail Space performed: P1: 1502 NW 7th Street, Miami, FL 33125 P2: 1402 NW 7th Street, Miami, FL 33125 P3: 1502 NW 4th Street, Miami, FL 3312.5 P4: 1402 NW 4th Street, Miami, FL .33125 Company Profile NAI Miami was established in 1996. It is headquartered in the Dadeland area of Miami, Florida with a second office in the Airport West / Doral industrial market. The initial strategy established by the founding partners was to specialize in retail and office brokerage as owners' and tenant representatives and to provide property management, leasing, market research, consulting and acquisition services to development and investment clients. Industrial services, land sales, investment sales, office condominium sales and development services were quickly added in response to market conditions. NAI Miami now offers a full range of commercial real estate services for domestic and international clients and partners including: • Leasing -Tenant Representation - Landlord Representation • Sales - Acquisitions Dispositions - Office Condominiums • Property Management • Corporate Services • Consulting • Asset and Portfolio Management • Development Services • Forensic Real Estate Analysis & Litigation Support • Mortgage Brokerage The firm's primary service area is from the Florida Keys to Boca Raton, Florida. The firm provides services on a global basis through its affiliation with NAI Global. In December 2002, NAI Miami was selected .as and continues to be the exclusive NAI member firm for the Greater Miami metropolitan market and the Florida Keys, NAI Global is the world's leading managed network of commercial real estate firms with more than 7,000 sales professionals in more than 450 offices in 50 countries. During 2006, the NAI Global network generated a transaction volume of $45 billion, Commercial Real Estate services, Worldwide. Company Profile Cont. NAI has the deepest roots in commercial real estate, What makes NAI different is the way it brings together the people and resources from around the world to deliver results for our clients. As the world's only managed network of commercial real estate firms, NAI Global offices work together to help our clients strategically optimize their assets, Our clients come to NAI for our deep local knowledge. They build their businesses on the power of the global managed network, NAI Miami's mission is to provide our clients with the most efficient and effective systems and services in :the commercial real estate marketplace, combining Global Knowledge, with Local ExpertiseTM. Our objective is to build long-term, mutually beneficial, performance - based relationships with our clients and partners. NAI Miami is very active in office leasing, office condominium sales and office sales throughout Miami -Dade and 'Broward Counties. The firm, as owners and/or exclusive leasing agents, has handled the de- velopment and redevelopment of projects in the Dania, Miami Lakes, Pembroke Pines, Hialeah, Kendall and Airport West markets; cur- rently represent multiple office buildings :and retail shopping centers from Lighthouse Point in North Broward to Homestead; and, have represented numerous national, regional and local office users and retailers in placing them in strategic locations throughout South Flor- ida. In addition, while with other firms, firm principals have been re- sponsible for the acquisition, management, leasing, financing and sale of office buildings and shopping centers totaling in excess of 3,500,000 square feet located in Miami -Dade, Broward and Palm Beach counties, Jacksonville, Florida, Georgia, Tennessee, South Carolina, North Carolina and Texas. Commercial Real Estate Services, Worldwide. Leasing Utilizing the client's established cash -flow goals and long-term appreciation objectives, our experienced leasing team will develop a customized marketing and leasing plan that will deliver credit -worthy tenants at acceptable rent levels. A detailed marketing plan will be provided including: • Location and demographic analysis. • Comparable market rent and leasing survey. • Proposed use and site location of retail/service uses to compliment the existing tenant base (not applicable for Office and industrial properties). • Discussion of elimination of any existing uses that may Detract from the overall property's appeal. • Proposed capital improvement plan, including estimated cost and timetable. • Proposed advertising and marketing plan, including annual budget. • Preliminary disposition strategy. Commercial Real Estate Services, Worldwide. Property/Asset Management NAI MIAMI provides comprehensive real estate management services. The company operates under seven distinct guidelines: • Enhance the property's value by maximizing operating re- sults. • Establish and implement an operating budget. • Coordinate the property's management and leasing. • When necessary or warranted, develop and implement renovation and/or expansion .programs. • Create value by modifying the merchant mix to satisfy current and anticipated market demands. • Where appropriate, direct aggressive marketing programs. • Develop and implement a formalized property maintenance and Improvement plan. Commercial Real Estate Services, Worldwide. Acquisitions Acquisitions for the firm's clients are focused on achieving their comprehensive yield goals in terms of both annual cash flow requirements and overall return upon the project's disposition. The firm's personnel search continuously through the Florida market for commercial property that can be pur- chased at values reflective of the property's and the market's current condition. Once identified, the team negotiates the pur- chase contract through each exhaustive detail. Then, the team embarks on completion of its complex due -diligence proce- dures and economic feasibility studies, including: • Obtaining a structural/engineering review, environmental analysis, • Reviewing or obtaining and reviewing the property's survey. • Reviewing each lease in detail and preparing an abstract, then comparing the lease abstract to the financial projections. - • Reviewing the property's operating statements in detail, then comparing the property's historical performance to the financial projections. • Performing a market rent study and a comparison to the fi- nancial projections' assumptions. • Reviewing all existing contracts encumbering the property. • Reviewing the market and/or aerial photos of the trade area to determine the sites for potential competition. • Meeting the appropriate State, County and City transporta- tion officials to obtain information .on any transportation construction projects planned in the immediate area during the next decade. • Obtaining appropriate zoning information to determine the property's current zoning classification; that the existing uses are allowed, and, proposed uses that may be included. • Meeting with various public agencies and entities to obtain current information on the specific community's path of pro- gress and direction of growth. Commercial Real Estate Services, Worldwide. Acquisitions cost. Upon completion of the above procedures, the financial projections are reviewed for accuracy, and fine tuned where necessary. If a purchase price adjustment is warranted, the contract price is renegotiated or the contract is terminated. The team then transitions into a closing mode. At this point, close contact is established with the management and leasing team to provide a seamless transition from the prior management and leasing companies. Commercial Real Estate Services, Worldwide. Dispositions While the majority of property owners believe that the time to focus on disposing a property is its sale year, NAI Miami believes that in many cases selling a property requires long term planning - the key to maximizing value. Allowing for sufficient time prior to the intended sale, a disposition strategy is created and implemented. This plan will include capital improvements to enhance aesthetics, weeding out weak or poor performing tenants and structuring new and renewal leases in a manner to maximize long term property value. To determine value, financial projections are compiled and market research is conducted to determine buyers' current yield requirements. After this information has been obtained, a value at the upper end of the yield curve is established. With this value determined, a comprehensive sales package is assembled. This package is disseminated first to the firm's clients and known qualified buyers. After a short preference period, the package is disseminated to a group of brokers and buyers who are highly skilled 'and capable of quickly obtaining or issuing qualified purchase offers. Upon acceptance of any offer, the disposition team transitions into a rapid closing mode to work closely with the parties' teams of professionals to provide all information to close 'the sale as quickly as possible. Upon closing, the team continues to work with the assorted professionals to complete a smooth transition and efficiently conclude the property's operations. Commercial Real Estate Services, Worldwide. Tenant Representation am6 ;ommerclal Real Estate services, Worldwide. When there is a legal question to be discussed, the services of an attorney are utilized; when there is an accounting or tax question, the services of a certified public accountant are utilized; when there is a real estate issue, a real estate profes- sional should be consulted. With the nature of lease transactions becoming increasingly complex, negotiation of a lease requires the services of a real estate professional. Three of the greatest benefits of engaging a real estate profes- sional as a tenant representative are: (1) As a result of constant interaction in the real estate market, space that may not yet be available to the public will be identified for careful consideration, (2) The services of the real estate professional are typically paid for by the landlord, resulting in the delivery of a valuable service at no cost to our client, and, (3) the real es- tate professional is obtaining information and providing services that would otherwise require services of key corporate personnel taking them away from the primary objective of running the business. Utilizing its knowledge and experience gained representing the interests of tenants and landlords for many years, NAI Miami provides tenant representation services for businesses looking to lease space in retail, .office and industrial properties, Drawing from our knowledge of market conditions, the firm first determines space requirements, focusing on both current and future growth plans. Ergonomic analysis is conducted to deter- mine the type and flow of the space needed. An evaluation will be conducted to determine the optimal area where relocation will be pursued. Cont Tenant Representation Cont. After obtaining and evaluating this .information, the firm's personnel conduct an exhaustive search to identify all available, appropriate, alternative locations. Each location is analyzed taking into consideration cost, convenience, access, transportation alternatives, parking availability and other qualitative elements. Recommendations are made ranking each location. Once con- sensus is reached, all aspects of the proposed lease are ne- gotiated to obtain the most advantageous terms, at the low- est cost available. Upon completion of .the negotiations of the significant deaf points, if desired by the client, the firm's profes- sionals continue to work closely with other corporate profes- sionals to complete the contract. These services include inter- action with and evaluation .of the proposed space plan, if appli- cable. MI Commercial Real Estate Services, Worldwide. Site Selection Utilizing its market knowledge, NAI MIAMI provides its clients site selection services throughout the State of Florida, The initial step in this service delivery is obtaining an under- standing of the client's operations, target market, spacing re- quirements and financial capabilities. After obtaining this understanding and identifying the location of all direct competition, an implementation plan is assembled identifying and ranking each targeted market. The plan is implemented through a detailed site search in each targeted market in conjunction with extensive dialogue with the real estate community to assist in the identification of all avail- able, qualified locations. Upon identifying qualified locations, negotiations are conducted via an on -going .dialogue and interaction with the client to •achieve the optimal transaction in relation to both quantitative and qualitative aspects of the desired. goal, Commercial Real Estate Services, Worldwide. Forensic Real Estate Analysis & Litigation Support Counsel should consider obtaining the assistance of ex- perts in commercial cases involving issues such as: (1) scientific or technological issues.,.; (2) issues concerning the "practice in the trade"...; (3) issues concerning the meaning of certain terminol- ogy under the "trade Usage",..; (4) financial and accounting issues..., and, (5) damage issues...." * The Role of the Experts on Business Litigation. American Bar Association Section of Litigation, ABA Press, 1979. Many types of litigation involve complex issues regarding accounting, financial, statistical and economic information as it pertains to real estate., These issues have many subtleties that only real estate professionals will .perceive, much like the nuances of the law which only attorneys perceive. NAI Miami's professionals have more than fifty years of aggre- gate experience in the ownership and operation of commercial and residential properties. Drawing on their background, these professionals can provide the wisdom, insight and analysis which only a real estate professional can .deliver to assist in the preparation of litigation and to provide expert testimony during a trial, Areas in which the firm's assistance can be utilized: Expert Testimony - Whether it is the contestation of a specific lease clause to the manner in how a commercial property is operated, guidance and testimony can be provided to assist in the identification of what would be considered standard indus- try practice or what would be considered commercially reasonable operations and levels of professionalism. Cont, .3ommercial Real Estate Services, Worldwide. Forensic Real Estate Analysis & Litigation Support cont. Lost Profits and Insurance Claims - If the issue at hand is the future generation of revenue and profits pertaining to an insurance or litigation matter, analysis is conducted to determine the revenue and profits which would have been realized under existing leases and prospective new leasing based on a thorough lease review, industry standards and averages, and analysis of specific market conditions. Divorce Settlements - Valuations of both income producing real estate and limited or general partnership interests can be con- ducted to estimate or determine current market value. Forensic Real Estate Analysis - While every real estate project is initiated on the assumption that it will be successful, some fail. The causes can be market related or result from inferior management, lack of experience or fraud. This is where the firm's forensic real estate analysis is utilized. This analysis is conducted by -reviewing historic assumptions and performance, then comparing them to announced expectations in Tight of market conditions at that time. Operations are scrutinized to determine if the failed project resulted from general market conditions .or if the owners/ operators should be held to a commercially reasonably standard which was not attained. Bankruptcy Issues NAI Miami can provide detailed analysis for: • Opinions of Market Valuations - Determine the current mar- ket value of an income producing property based on current market conditions, • Lease Valuations Determine the value of a lease to assist the debtor in the decision to accept or reject it, Cont. Commercial Real Estate Services, Worldwide. Forensic Real Estate Analysis & Litigation Support cont. • Financial Market Analysis - Determine the current financing conditions for a specific income producing property in which a loan would be funded. This assists the creditor, the debtor and the court to determine whether the pursuit of a reorganization strategy or a liquidation is the most prudent course of action, Receiverships In addition, NAl Miami's principals have been appointed receivers of commercial properties throughout South Florida. ami Commercial Real Estate Services, Worldwide. Mortgage Brokerage As part of NAI Miami's full service capabilities, the company offers commercial mortgage brokerage services to its clients. The firm is experienced in structuring project, acquisition and refinancing debt on all commercial properties. All financing al- ternatives are evaluated and a recommendation provided to our clients. Once selected, a comprehensive financing presen- tation is assembled and disseminated to potential lenders. Lenders include insurance companies. credit companies. banks, savings & loan associations, private investors and mort- gage conduits. Once a lender is selected, NAI Miami's professionals work closely with their client to negotiate the terms and conditions of the financing and coordinate the quick closing of the transaction. ;ornmercial Real Estate Services, Worldwide, Jeremy S. Larkin, President Scope Of Service Experience Areas of expertise include landlord and tenant representation, real estate brokerage, mortgage brokerage, consulting and expert witness services, and, property and asset management. Have supervised up to fifty people in four states and eight cities. Responsibilities and specific accomplishments include: Landlord and Tenant Representation: Identify, analyze, negotiate and close lease transactions for single and multiple sites for a multi -national group of clients in principally retail and office properties throughout the State of Florida. Since 1995, lease transactions closed total approximately 557,600 square feet with an aggregate lease value of $48,3.58,000. Have or currently represent in excess of 7,000,000 square feet of office, retail, industrial and residential rental properties. Real Estate Brokerage: Creation of two real estate brokerage businesses with multiple offices. Responsibilities included client development, product development, negotiation of option, purchase and sale transactions. Upon client's request and after contracting for property's purchase, analyze, underwrite and prepare underwriting report. To date, acquisitions and dispositions of properties have an aggregate value in excess of $136,335,000. Mortgage Brokerage: Responsibilities include client development, product development, administration and coordination of mortgage brokerage operation and identification of debt and equity sources through banks, mortgage and credit companies and conduit securitizations. To date, loans closed have an aggregate value of in excess of $93,000,000. Consultation & Expert Witness: Responsibilities include conducting field work and preparing reports of physical condition, financial performance of subject property and/or general market; identifying and recommending revenue enhancing and cost savings concepts to maximize investment return; determining current leasing strategies, analyzing adequacy, and, identifying and recommending modifications; identifying and recommending practical and financial feasibil- ity of potential capital expenditures and new lease transactions; assisting with and/or preparing cash projections in conjunction with restructuring of debt; determining adequacy of buy-out offer, estate value or limited partnership interest value; conducting forensic real estate analysis; and, .providing testimony pertaining to engagement. Property and Asset Management: Creation of two property management companies and one asset management division. Portfolio has or currently includes 2,400 residential rental units, 1,100,000 square feet of retail properties and 300,000 square feet of office buildings. Duties included overseeing physical condition and financial performance of up to twenty six properties; initiating revenue enhancing and cost savings concepts to maximize investment return; identifying practical and financial feasibility of potential .capital expenditures and new lease transactions; preparing and reviewing cash forecasts to determine viability and timing of cash expenditures and distributions; and, reviewing property performance and market conditions to Commercia Real Estate Services, Worldwide. Jeremy S. Larkin, President Education M.B.A. Cont. University of Miami - Accounting Concentration - December, 1986 Graduated summa cum laude, Received Certificate of Academic Excellence. B.S. University of Alabama/Tuscaloosa - Majored in Finance and Banking May, 1980 Graduated cum laude. F.E.I. Outstanding Finance Student, 1980, Entrepreneurial Scholarship, 1976 - 1980. Background & Experience NAI Miami f/k/a Larkin Schmidt Commercial Miami, Florida President / Principal Capital Realty Services, Inc. Senior Vice President M2 Realty Corporation Senior Vice President I.R.E. Financial Corporation Acquisitions and Portfolio Manager Southeast Bank, N.A. Commercial Banking Officer Professional Affiliations & Designations Licensed Florida Real Estate Broker. Licensed Florida Mortgage Broker. Licensed Florida Community Association Manager. Member, International Council of Shopping Centers. Member, National Association of Industrial & Office Properties Member, Miami Office Brokers Roundtable Greater Miami Hiliel, Board of Directors, June 2000 - City of Homestead Master Developer for Park of Commerce Selection Committee 1998/99 City of Homestead - Community Redevelopment Director Search Committee -1997 Greater Miami Jewish Federation - Real Estate, Builders & Allied Trades Division, 1986.- Pioneer Commerce Park, Homestead, Florida, Chairman (1995 1999), Board Member (1995 - Present). Pinecrest Business Association, Board of Directors, 2000 - Present. February, 1997 - C.urrent Miami, Florida November, 1994 - February, 1997 Miami, Florida June, 1986 - October, 1994 Coral Gables, Florida April, 1984 - June, 1986 NAI Commercial Real Estate Services, Worldwide, Miami, Florida June, 1980 - April, 1984 Jeremy S. Larkin, President cont. Professional Affiliations & Designations (cont.) Pinecrest Business Association, Board of Directors, 2000 - Present. Seminole Theater Group, Homestead, Florida, Secretary (1999-2000), Board of Direc- tors, 1997 - 2000.. Bet Shira Congregation, Board of Directors, 1990 - Present. Bet Shira Congregation, Treasurer, V.P./Fin., Pres.-Elect, President, Immediate Past President, 1991 - 2001. Foundation of Jewish Philanthropies - Professional Advisory Committee, 1996 - Jewish Vocational Services, Board of Directors, Vice President, 1986 - 1991. CASE MATTERS, SPEAKING ENGAGEMENTS AND PUBLICATIONS Case Matters & Public Hearing Testimony Expert Witness Cases In re: Boca Greens Associates - Engaged by debtor. Issue pertained to: (1) determi- nation of property's current value in light of real estate industry and economic downturn, (2) testimony regarding current loan work-out terms and conditions, and, (3) creating and implementing reorganization plan acceptable to creditors and court. Reorganiza- tion plan approved by court over objection .of primary secured creditor. U.S. Taboo v. G.M.I. International Corp/Willy Rosell •- Engaged by defendant. Issue pertained to fraudulent conveyances of leases via assignment. Case settled. Ocean .Harbor of Fort Myers Beach, Inc. - Engaged by defendant. Issue pertained to partner dispute of joint venture real estate development project. Focus directed to de- termination of adequacy of initial capital contributions by partners. Case settled. Byron v. Corner Pocket Billiard Club, Inc. -Engaged by defendant. Plaintiff slipped on the sidewalk in the rear of a shopping center proximate to defendant's place of busi- ness, alleged that defendant, a tenant in a multi -tenant shopping center, was responsi- ble for the condition of the sidewalk. Focus provided was on lease interpretation as to defendant's responsibility under the lease and how it pertained solely to the Premises and not to the common areas of the shopping center. Case settled, Commercial Real Estate Services, Worldwide. Jeremy S. Larkin, President cont. Duplex Products, Inc. v. Graphic Productions Corporation and Commercebank - Engaged by Plaintiff. After defendant filed bankruptcy, Plaintiff lifted stay of foreclosure and proceeded with action. Second mortgage holder took possession of personal property and sought to dispose through auction. Hired by Plaintiff to assume role of pri- vate property custodian initially as court refused appointment of receiver. Preserved in excess of $150,000 of real property which second mortgage holder sought to auction as personal property. Subsequently, (1) assisted .Plaintiff in identifying environmental con- tamination and developing remediation plan, (2) collected rent on behalf of Plaintiff when second mortgage holder leased the premises, and, (3) identified and coordinated sale of Judgment of Foreclosure to buyer on behalf of Plaintiff. During the term of this assignment was subsequently appointed receiver by the court (See Receiverships be- low). Icon Development Corporation v. White & Case et. al. - Engaged by Defendant, Hired to support Defendant=s law firm in the technical preparation of defense where Plaintiff was claiming Defendant had .tortiously interfered with Plaintiffs business. Fo- cus of assignment was to review and prepare discovery to be provided .to expert wit- ness, inform and prepare defense attorneys on technical aspects of case, review and critique :expert witness= reports) and support the case in any other manner requested by counsel. Case Settled. Re: Martin A. Tabor, Trustee - Application for an Equitable Tolling of the Traffic Capacity Reservation Period - Engaged by applicant. Applicant was wrongfully de- nied vested sign rights by local county. Applicant sought and was successful in obtain- ing relief through the courts. While pursuing remedy, applicant's traffic capacity reser- vation expired. County statute provided equitable relief or tolling of the reservation pro- vided applicant could prove potential development was impractical. Provided opinion letter and testimony at hearing regarding adverse economic impact of lack of signage and Applicant's inability to attract large, anchor tenants due to sign hardship created by the county. Applicant obtained requested tolling. Re: Kimzay of Florida, Inc. v. Fleming Companies, Inc. and A.M.T. Supermarkets, Inc. - Engaged by Plaintiff. •Defendant Fleming sold a leasehold interest and personal property to Defendant A.M.T. Supermarkets. At issue is the current market value of the leasehold. Provided detailed report to determine current market rent of the leasehold space. Then, conducted financial analysis, including discounted net present value cal- culations, to determine the net present value of the leasehold estate. Reviewed oppos- ing expert's opinion of leasehold value. Conducted demographic analysis to compare and contrast comparable Locations provided in writer's and opposing expert's reports to determine validity of comparable rents. .Attended opposing expert witness' deposition and assisted plaintiff's attorney with preparation prior to and questions during deposi- tion. Case. settled. Commercial Real Estate Services, Worldwide, Jeremy S. Larkin, President co.nt. Re: B.M.S. Aventura, L.L.C. - Application for Modification of Master Plan and Land Use - Engaged by applicant. Applicant requested the re -designation of the Compre- hensive Development Master Plan to Commercial/Business and modification of zoning from residential to commercial for a parcel in the Aventura area of Miami, Florida. Acted as expert on commercial land use by providing opinion letters regarding change of use. Reviewed commercial capacity land studies, analyzed and recalculated commercial land availability in subject area. Analyzed trends In residential housing values of subject area and, more particularly, the immediately adjacent communities. Attended and gave testimony at Community Council #2 public hearing, Planning Advisory Board hearing and Community Development Master Plan committee hearing. Application pending. Receiverships Duplex Products, Inc. v. Graphic Productions Corporation and Commercebank - As a result of owner abandoning the property, a tenant being in place who failed to timely pay rent and environmental contamination issues affecting the property, was .ap- pointed receiver of a 70,000 square foot warehouse property. Intervest National .Bank v. Alarm Acquisitions Of America, Inc., and Curt A. Hepp, Individually - Appointed by court as receiver for the an office .building in Pompano Beach, Florida during pendency of foreclosure action. Took possession of defendant's real property, personal property, books and records as it pertains tothe operation of the office building and operated the building on a day-to-day basis including dealing with delinquencies and past due obligations. I.C.S.C. Florida Regional Conference - Panelist - Outparcel and Restaurant Expansion Plans discovery to be provided to expert witness, inform and prepare defense attorneys on technical aspects of case, review and critique expert witness report (s) and support the case in any other manner requested by counsel. Case Settled. Commercial Real Estate Services, Worldwide. Jeremy S. Larkin, President cont. Re: Martin A. Tabor, Trustee - Application for an Equitable Tolling of the Traffic Ca- pacity Reservation Period - Engaged by applicant. Applicant was wrongfully denied vested sign rights by local county. Applicant sought and was successful in obtaining relief through the courts. While pursuing remedy, applicant's traffic capacity reservation expired. County statute provided equitable relief or tolling of the reservation provided applicant could prove potential development was impractical. Provided opinion letter and testimony at hearing regarding adverse economic impact of lack of signage and Applicant's inability to attract large, anchor tenants due to sign hardship created by the county. Applicant ob- tained requested tolling. Re: Kimzay of Florida, Inc. v. Fleming Companies, Inc. and A.M.T. Supermarkets, Inc. - Engaged by Plaintiff. Defendant Fleming sold a leasehold interest and personal property to Defendant A.M.T. Supermarkets, At issue is .the current market value of the leasehold. Provided detailed report to determine .current market rent of the leasehold space. Then, conducted financial analysis, including discounted net present value calculations, to deter- mine the net present value of the leasehold estate. Reviewed opposing expert's opinion of leasehold value. Conducted demographic analysis to compare and contrast comparable locations provided in writer's and opposing expert's reports to determine validity of compa- rable rents. Attended opposing expert witness' deposition and assisted plaintiffs attorney with preparation prior to and questions during deposition. Case settled. Re: B.M.S..Aventura, L.L.C. - Application for Modification of Master Plan and Land Use - Engaged by applicant. Applicant requested the re -designation of the. Comprehensive Development Master Plan to Commercial/Business and modification of zoning from residential to commercial for a parcel in the Aventura area of Miami, Florida. Acted as expert on commercial land use by providing opinion letters regarding change of use. Reviewed commercial capacity land studies, analyzed and recalculated commercial land availability in subject area. Analyzed trends in residential housing values of subject area and, more particularly, the immediately adjacent communities. Attended and gave testi- mony at Community Council #2 public hearing, Planning Advisory Board hearing and Com- munity Development Master Plan committee hearing. Application pending. Receiverships Duplex Products, inc. v, Graphic Productions Corporation and Commercebank - As a result of owner abandoning the property, a tenant being in place who failed to timely pay rent and environmental contamination issues affecting the property, was appointed receiver of a 70,000 square foot warehouse property. lntervest National Bank v. Alarm Acquisitions Of America, Inc., and Curt A. Hopp, Individually - Appointed by court as receiver for the an office building in Pompano Beach, Florida during pendency of foreclosure action. Took possession of defendant's real property, personal property, books and records as it pertains to the operation of the office building and operated the building on a day-to-day basis including dealing with delinquencies and past due obligations. y �t4 t t a m i Commercial Real Estate Services, Worldwide. Jeremy S. Larkin, President cont. Speaking Engagements - Homestead Main Street Charette, Round Table leader, Topic:.A Pioneer Commerce Park, Current and Future@, - I.C.S.C. South Florida Idea Exchange, 2000 - Session Leader & Panelist, "Convenience Shopping to Shoppertainment - What,s Working Now and What=s Planned For Tomorrow" I.C.S.C. South Florida Idea Exchange, 2001 - Session Leader, "South Florida Retail and Market Overview" - I.C.S.C. South Florida Idea Exchange, 2002 Session Leader, "The Real Engine of the South Florida .Economy.,.Tourism... Hotels....Restaurants...Airports" Publications "Tenant reps can play a pivotal role", Miami Business Review - Real Estate Marketplace, May, 1996 Significant Transactions Sales and Purchases Property Royal Oaks Plaza Plaza West Shopping Center Sawgrass Village - Phases 1 & .2 Concourse Village Shopping Center Kendall Summit Executive. Center Country Club Plaza North Emerald Park Apartments Lakeside Gardens Apartments Gazebo Shopping Center Citibank Building Park West Professional Center Eldorado Building 2804 Bird Avenue (Road) Amerada Hess Corporation British Petroleum Site British Petroleum Site 1987 N.W. 88th Court Former Sears Warehouse 1250 Red Road Building Exotic Gardens Corporate Office Esserman Nissan Nob Hill Enterprises, Inc. 5600 N.W. 32nd Avenue Sawgrass Village - Phase 3 1800 & 1810 C oral Way British Petroleum Site m Commercial Real Estate Services, Worldwide. Location Miami, Florida Miami, Florida Ponta Verde Beach, Florida Jupiter, Florida Miami, Florida Miami, Florida Hollywood, Florida Coral Springs, Florida Jacksonville, Florida Dania, Florida Miami Lakes, Florida Lighthouse Point, Florida Coconut Grove, Florida Miami, Florida Hialeah, Florida Miami, Florida Miami, Florida Miami, Florida Miami, Florida South Miami, Florida Miami, Florida Opa Locka, Florida Miami, Florida Ponta Verde Beach, Florida Miami, Florida Miami, Florida Square Feet 165,000 $17,400,000 100,000 $11,300,000 118,900 $10,900,000 133,000 $ 7,800,000 85,000 $ 7,500,000 86,700 $ 5,600,000 4,500,000 3,850,000 3,500,000 2,300,000 2,100,000 1,925,000 1,500,000 1,300,000 1,29.5,000 1,200,000 1.,075.000 1,000,000 850,000 690,000 637,600 625,000 535,000 450,000 450,000 350,000 Price 121,400 101,200 79,200 65,000 18,300 33,200 8,500 65,000 62,500 60,000 6,400 15,000 15,000 7,500 90,000 60,000 76,000 20,100 14,000 15,000 Josh Rodstein, Principal Scope Of Service Experience My specialty areas of concentration in the commercial real estate field are multi -fold, I special- ize in the leasing, sales, and development of retail and office properties. Representing local and national property owners as their Landlord representative or representing national or re- gional tenants as their exclusive broker selecting new locations is the basis of my commercial real estate experience, I have been involved in the sale of developed recall properties and of- 'fice buildings, as well as, been involved with over 4,0.00,000 square feet of commercial prop- erties Education Received a Bachelor of Science in Industrial Engineering from the UNIVERSITY OF FLORIDA with honors in 1976. Received a Master of Business Administration from the University of Houston in 1979, Background & Experience From January, 2000 - Have worked at NAI Miami as Senior Director. Responsible for the leas- ing of retail projects and representing 'tenants such as Popeye's Chicken and Biscuits, All Tune and Lube, Aamco Transmissions, Cingular Wireless, Harbor Freight Tools, Sav-A-Lot Foods, Sona MedSpa, Massage Envy, Little Gym, Napa Autoparts, BankAtlantic, Budget Rent-A-Car, and Monroe's Prestige Group, a Florida development company. Being the Project Manager for a 15,000 squarefoot retail center in South Dade Florida. President of MCLWR Investments a company that purchases single tenant retail properties in Southern Florida, Prior to joining NAI Miami, worked for Codina Development and Weintraub, Inc. as a senior project manager, Responsible for all facets of development that included office buildings, warehouses, strip shopping centers and over 500 condominium units in South Florida, Over the past twenty years, have been involved in all aspects of the commercial real estate business Including mortgage brokerage, real estate brokerage, development, management, receivership for the .courts, and litigation support, IY1 t mi ;ommercla Real Estate Services, Worldwide, Josh Rodstein, Principal Cont. Professional Affiliations & Designations ICSC NAI Global Retail Council ICSC Miami Dade County Planning Board Member Significant Transactions Aamco Transmission transaction, represented buyer and tenant to purchase an existing trans- mission store and lease the property from the owner, with the right to purchase the property, Sold a multifamily parcel to the Weintraub Companies representing the Morris family for $1,100., 000, Sold a closed Shell Service Station site to Hess Express for the Gray -Walker Trust for $1,200,000, Represented Harbor Freight Tools in leasing three (3) store locations of 1.3,000 square feet at each location, Represented Monroe's Prestige Group in the acquisition and Joint venture of the 127th Street Shopping Center in North Miami Florida, a transaction values at approximately $9,000,000. Represented Cirlgular Wireless/AT&T in the acquisition of 20 retail locations in the South Florida market, Represented BankAtiantic in the acquisition of a retail banking facility in South Miami Dade County, Represented Government Employees Credit Union for their. purchase of a new branch site in South Florida. Represented Massage Envy in their expansion of over 30 retail locations In the South Florida market, Co -Developed Shoppes of Old Cutler, a 15,000 square foot shopping center in Cutler Bay. Co -Developed Shoppes of Ives Dairy, a 25,000 square foot shopping center in Miami Gardens, Commercial Real Estate Services, Worldwide. Lisa Tenn, Commercial Associate Scope Of Service Experience Ms. Tenn has been active in the real estate industry for 20 years. Areas of expertise include landlord representation for both retail centers and office buildings and tenant representation for both retail and office users. Her knowledge of the market coupled with experience in negotiating both sides of a transaction enables her to successfully attain results that match her client's requirements. Education Florida International University Background & Experience NAi Miami Real Estate .Services Worldwide since September 2006 serving as Landlord Representative in leasing approximately 400,000 sq. ft. of retail space in the submar- kets of Pinecrest, Downtown Miami, Allapattah, Miami Gardens and Hollywood. Colliers Abood Wood -Fay from May 2004 to August 2006, where she served as a Com- mercial Associate in the Brokerage Services Division. Her primary focus was tenant representation. In her role as tenant representative, Ms. Tenn has represented national clients such as Bank of The Bahamas, for its first offshore retail branch bank in Coral Gables, Standard Chartered Bank, Cayman Airways and International Finance Bank. Capital Realty Services from September 2000 to May 2004, Sales Associate where she represented the Landlord in leasing approximately 400,000 sq. ft, of .office space in the submarkets of Kendall, Airport West, Coral Gables, South Beach and Hollywood. Addi- tionally, Ms. Tenn has represented tenants in over 37,000 sq. ft. of office space lease transactions and nearly $1,000,000 in real estate sales. CRESA Partners from July 1989 to September 1999 Marketing Assistant to seven (7) brokers. Her tasks included conducting market research, lease analyses, prepared presentation packages and brochures. Significant Transactions Navix Technology: 17,927 sq. ft. International Finance Bank 10,000 sq. ft. headquarters and retail branch bank Commercial Real Estate Services, Worldwide. J.A. VALLS CONSTRUCTION, INC. CONTRACTORS SINCE 1968 CGC 004887 SO SW 18TH RD. MIAMI, FLORIDA During the 1970's, J. A. Valls Construction, Inc., a family owned constr.uction and development company establish in 1968 built over 1,000 multifamily units and numerous retail and office developments throughout Miami -Dade, Broward and Palm Beach Counties, From 1985 to the present, Joe Valls has been President of J. A. Valls Construction and has specialized in ground ups and redevelopmentof retail and retail interior construction projects. Joe Valls brings a vast experience and deep knowledge of the local markets, as well as a long list of lifelong contacts in the construction and retail real estate industry, Following is a list of RECENTLY COMPLETED AND ONGOING JOBS REFRIGERATED WAREHOUSE FOR CUBA TROPICAL PRUDUCE HOLESALLERS (This business is part of The Presidente Supermarket operations) 1360 NW 23 St, Miami, FI 3.3142 GLA 32,000 SF Responsibilities: Owners Representative and General Contractor. On behalf of the owner we hired the MEP engineers to generate construction drawings to be submitted to the City of Miami. Scope of work: Total interior renovation; including new electrical throughout, new bathrooms, new roof, and .a new refrigeration system that includes all new coolers throughout as well as new interior partitions to accommodate new coolers. The plans are being processed through the building department at the present time. SABOR TROPICAL SUPERMARKET # 4 8000 NE 5th Ave GLA 18,000 SF Responsibilities: General Contractor Scope of Work: Interior renovation, electrical, plumbing, refrigeration and interior painting. This Job was completed 2011 Contact person; Store Manager Arturo 917-559-3590 PRESIDENTE SUPERMARKET # 24 14870 N Kendal Dr, Miami, FI 33196 Kendal Plaza Shopping Center GLA: 21,000 SF Vacant Box tenant took possession of the space as is Responsibilities: Owner's construction representative and General Contractor. We were responsible In hiring the architect and engineers and coordinating all the interior store decor including the outdoor signage. Scope Work; with the help and coordination of our field superintendents and our professional team of subcontractor, that specialize in the supermarket trade., we converted an empty box into a supermarket in 90 days enabling our client to open their doors in 120 days from the time the building permit was issued by the Miami Dade County Building Department. This job was completed 2010 PRESIDENTE SUPERMARKET # 23 2199 NW 36.St, Miami, Fl GLA: 21,000 SF Store 60,000 SF approximately land area Responsibilities: Owner's construction representative and General Contractor. Scope of work: We took over the job when thebuilding was only a shell without the site work, nor water connection to meet sprinkler requirements. We hired the site Civil Engineer, and the MEP engineers, to secure necessary building permit. We finish all TI work and delivered a turnkey project to the owner at CO. This job was completed 2009 PRESIDENTE SUPERMARKET # 18 4481 Lake Worth Rd former Albertson Supermarket Palm Beach County Florida GLA; 54,129 SF. Land Area: 4.93 Acres Responsibilities: Owners Representative and General Contractor, Scope of work: Due Diligence work, traffic studies, Phase 1 and 2 environmental studies. Hired architects and engineers and completed working drawing to renovate the store, Submitted plans to the building department. Owner sold the property before construction commenced at a profit to El Bodegon Supermarket. This job was completed 2009 We work directly with the owner.ofthe Presidente Supermarket' Owner Pedro O. Rodriguez ADDITIONAL COMPLETED JOBS U 5 Tops, Retail Store @ 163 St Mall 163 St North Miami Beach, FI 33162 New Retail Store 9,000 SF Centro Properties, Land Lord Contact person: Gary Lawton VP Construction, Cell 407-473-5259 Caixa Galicia Bank 1111 Brickeli Ave,, Suite 2100 Miami, FI 33131 interior Renovations Completion 7/ 2007 Contact person: Maritza Lyngved Compliance Officer 305-349-3965 Mashikos Sportswear, Inc. 1265 NE 163rd St @ the .163 St Mall 15,000 SF Retail Store Scope of Work: Total interior construction of the space Architect: DTI Architect Contact person: Santiago Vera Owner; 305-761-6685 MARKETING METHODOLOGY TO LEASING NATIONAL NETWORK Brokerage Network: • Offer property through the NAI network, which includes up to 5,000 members throughout the United States BROKER COOPERATION Local Brokers: • Offer property .through the National Multiple Listing Service. • Use specific mailing lists to ensure that all local real estate brokers are aware of the property .and receive updated information. Periodically, re -mail information to local brokers in an effort to create activity. • .Utilize a periodic e-mail notification of projects current availability. Regional: • Offer property to regional brokers. National: • Use national lists to mail to national contacts when appropriate. DIRECT MARKETING Local: • Direct mail, mail -merge letter or mailer to local firms. • Direct mail to personal client lists. Regional: • Distribute property information through the use of regional business lists and emails when appropriate. National: • Use national lists of potential clients when appropriate. • Utilize personal client lists, SIGNAGE Site Sign: • Order and install an appropriate sign, approved by The City of Miami Beach, announcing the availability of the property. Locate sign for optimal visibility to traffic. PERSONAL MARKETING Personal Canvass: • Target and distribute a mailer and additional information to a list of target companies with personal telephone follow-up program to be implemented. • Telephone follow-up on selected basisto all direct mail recipients. Newspaper/Magazine Advertising: • Use local newspapers and magazines, when appropriate. Use regional advertisements in other newspapers and magazines based on mutual agreement between broker and owner. Public Agency Cooperation: • Ensure state and local government agencies are aware of the availability of the property. Re -submit information periodically. • Provide information to the local Chambers of Commerce. Re- submit information periodically. • Provide information to the local city officials. Re -submit information periodically. Progress Reports and Prospect Registration: • Provide monthly summary of activities via REALTracTM, including names, addresses and contact persons of prospects and prospect registrations from brokers.. • Conferences between broker and owner when required based on understanding at commencement. MARKETING MATERIAL Brochure: • Design and print promotional mailers designed with sufficient information, aerial, site location maps and photos to entice buyers to contact broker for further information. Flyers to be converted to Acrobat "pdf" files for e-mail distribution to ..prospects and other brokers and in response to sign calls. • .Location and demographic analysis. • Property information package will be prepared for a more comprehensive presentation to prospects upon request. Floor Plans: Have current "as is" floor plans made .and sufficient quantities printed for distribution to interested prospects. Internet Marketing: List the property with regional and national listing services. Include property information on company website. Popular commercial real estate portals include: • www.naimiami.com -The properties will be featured on our website with detailed information on the buildings and current availabilities • www.Ioopnet.com - Loopnet, Inc., one of the largest internet-based commercial listing/information service with over 60,000 active commercial listings, This site is viewed .approximately 7 million times per month. • www.naiglobal.com NAI Global official website, linked directly to LoopNet. • www,costar.com - CoStar Group, the largest national Internet - based commercial real estate listing service providing 8.00,000 commercial real estate professional nationwide with 1.8 billion in commercial listed properties and 34 billion square feet of office property information. Over 3 million tenants listed with lease expirations., size and move leads provided by over 700 on staff researchers, IDENTIFY TARGET COMPANIES/RETAILERS • Proposed use and site location of retail/service uses to compliment the existing tenant base (not applicable for office properties). • Discussion of elimination of any existing uses that may detract from the overall property's appeal. CONNECTIVITY At NAI, we've built much more than .a network of unmatched local market knowledge., we've built a collaborative, process -driven enterprise to assure the highest level of consistency and quality at every touch point. Every client assignment is initiated with a detailed road map and project timeline, outlining key milestones and success factors. We then employ our proprietary online transaction management system, REALTrac Online, to manage .each project in real-time.. This process enables our team to handle hundreds of projects, locally and globally, with equal efficiency .and transparency. .As a client, knowing the exact status of every ongoing project helps you empower your decision -making and achieve superior results. REALTracTM Online Transaction Management System REALTracTM Online, NAI Global's industry leading transaction and portfolio management system, optimizes every NAI Client's ability to monitor activities, track individual project status, maintain files, establish timelines and completion schedules, employ lease administration applications, and develop concise portfolio management and reporting. The REALTracTM system enables the NAI Client's real estate solutions provider to create private and secure intranets for them to tie together their entire workgroup and team into an integrated inventory and transaction management system designed to create systematic and repeatable processes to improve cycle time and reduce errors. This private area of NAIGlobal.com is available for NAI Global clients only. Our responsibility to our clients is to add value anywhere possible. REALTracTM provides significant value by reducing, eliminating and avoiding costs as well as establishing a consistent delivery system, which allows for developing opportunities, assuring quality, translating culture, and filling the gaps. REALTracTM Online is your ticket to .success. The system supports: • Lease Administration • Tracking of Activities • Project Checklist and Schedules • Reporting Standards • Portfolio Management • Acquisition/Disposition Administration Private Workplace Planner: REALTracTM gives every NAI Global client :a valuable personal planner and project management tool. Calendar events can be scheduled, tasks organized, messages received and distributed, documents delivered and communications established for all those involved. You can assign tasks and identify responsibilities for each member of the team. Additionally, all reports and communication from third -party services and resources can be delivered electronically to your Private Label project. Process Management. REALTracTM empowers every NAI Global client to gain full and efficient control to create a process that would encompass all the requisite steps in making fully informed real estate business decisions. The client's process could include setting budgets, creating a team, defining goals and objectives., performing analysis, using checklists and milestones, establishing templates, assigning and monitoring tasks, and managing a closing or lease execution. The entire team created can effectively and efficiently participate using .all the advantages of global connectivity. This management tool greatly reduces the time required to close a deal, thereby producing time and money efficiencies. Portfolio Management. REALTracTM enables the NAI Global client to manage their portfolio for the entire term of ownership or leasehold. REALTracTM delivers administrative and technical services and tools that put complete portfolio information at your fingertips. Schedules are established, tasks assigned, timelines created, project and negotiation objectives defined, and benchmarks or milestones met and achieved. Ease of Use. REALTracTM provides all these services and is as easy as viewing a webpage. The point and click environment combines within a Web -based collaborative portal is effortless to access and utilize for every NAI Client and their established team members. APPROACH TO MARKETING / FOCUS The shopping center located at 1490 NW 3rd Avenue ("Shopping Center") is located in Overtown. Overtown is bounded b,y North 20th Street to the north, North 5th Street to the south, the Miami River and Dolphin Expressway (SR 836) to the west, and the Florida East Coast Railway (FEC) and West First Avenue to the east, Overtown is located just northwest of Downtown Miami, south of Wynwood and Midtown, east of the Civic and Medical Center and Little Havana. As of the year 2011, the demographic snapshot is: Demographics: 1 mile 3 mile 5 mile 2011 Population Estimate.: 30,975 253,009 499,405 2011 Households: 13,066 101,864 204,522 Average Household Income: $34,643 $41.,114 $44,682 Population by race: White: 16,630 176,846 347,344 Black/African American: 11,176 50,977 110,29.2 Hispanic or Latino: 14,280 176,281 318,434 The Shopping Center is a 33,4.55 sq. ft. center located on 2.15 acres, The CRA recently acquired the property from the City of Miami with the intent to provide :for a grocery store operation to occupy th.e large retail space of approximately 14,000 sq. ft. and to lease the remaining space to smaller tenants. The only current tenant is Regions Bank who is leasing month to .month. Our goals are to work with the CRA to: • Create an inviting and interesting shopping experience for Overtown and the surrounding areas. • Provide additional retail, restaurant and entertainment support to the immediate neighborhood and the surrounding neighborhoods. Base.d on the above, initial targeted uses include: Supermarkets to include Presidente and Price Choice Coin laundry operation Barber Beauty salon Check cashing store Daycare Beauty supply Fashion clothing Athletic wear Dollar store Cellular / mobile phone store Tax office Insurance office Shoe store Shoe repair Bank / credit union Doctor / dental clinic Accessory store Pizza restaurant Take out restaurant Bakery Nail salon NAI Miami will provide a comprehensive list of .all prospective tenants that will be contacted along with a written response of the interest shown by said tenants. We will work closely with the CRA to provide reports according 'to the CRA's timeline and discuss all critical issues. A .monthly summary of activities may be provided using our proprietary intranet "REALTracTM" to include names, addresses and contact persons of prospects and prospect registrations from brokers. Areas of Difficulty Unlike many retail projects., The CRA must exercise protocol with regards to the project's timetable which include, but is not limited to, • Review by the Board of each milestone • Board meets .only once a month • Governance • City's timetables • Attorney review • Tenant improvement budgets and cost The timing for completion of a lease transaction will be longer than a typical market transaction, and, in some instances, may be twice as long. Incentives may be offered to tenants that qualify and are interested in moving forward with leases with The CRA. These incentives include: • An above market tenant improvement contribution • Free rent incentives • Assistance with expediting permits • Short term and/or flexible pricing concessions LEASING REFERENCES Tony Ng, President STW Holdings, LLC New Group Management 1140 NE 163rd Street, Suite 28 North Miami Beach, FL 33162 Tel: (305) 949-1050 Fax: (305) (305) 949-1.060 tony.nq(a7newgroupmgmt.com Since 2001, NAI Miami has been providing leasing services to STW Holdings, LLC. Current projects include: • County Line Plaza, a 60,000 square foot Winn Dixie Anchored shopping center in Miramar, Florida. Juan Cordech, President Panamerican Holding Corp, Citta America, Av. Das.Americas 700, Block 01 Conjunto 212, .Rio de Janeiro, RJ CEP 2264.0-100, Brazil Tel: (212) 2132-7213 Fax: N/A j.codercattglobal.net NAI Miami has been ,providing leasing, management and consulting services to Panamerican Holding Corp, for the past 5 years. Current assignments include • Sheridan Oaks Plaza, a 50,000 square foot shopping center • Camino Real .Shoppes, a 26,840 square feet shopping center anchored by Walgreens Drug Store Rolando Tapanes, Director Miami Parking Authority 190 N.E. 3rd Street, Miami, FL 33132 Tel: (305) 373-6789 Fax: (305) 371-9451 rtapanes(a�miamiparkinq.com NAI Miami has been providing leasing, management and consulting services to Miami Parking Authority for the past 5 years. Current assignments include: • Oak Avenue Plaza, a 17,000 square foot mixed use parking garage and retail building. • Courthouse Center, a 40,000 square foot mixed use parking garage, office and retail building • Allapattah Plaza, a 27,000 square foot mixed use parking garage and retail building. Terry Perrin, President CompUSA 7795 West Flagler Street Suite 35 Miami, FL 33144 Tel: (305) 415-240.7 Fax: (305) 415-2416 Terry.perrin(a compusa.com NAI Miami handles real estate services for CompUSA throughout the United States, Canada and Puerto Rico. Tasks include site selection, lease negotiations, advisory and consulting services. Michael Brown, President Wometco Enterprises, Inc. 3195 Ponce de Leon Blvd., 5th Floor Coral Gables, F.L Tel: (305) 529-1414 Fax: (305) 529-1466 mikeb@wometcoent,com Since 1997, NAI Miami handles the leasing, property management and financial reporting of their office buildings in Kendall. Ricardo Nevarez, President Deltamex Canada (USA), Inc. P.O. Box 6612, Surfside, FL 33154-6612 Tel: (305) 604-1491 Fax: (305) 604-1528 rn.blackberryAatt. net Since 1997, NAI Miami has been providing leasing services to Deltamex Canada (USA). Current projects include: Royal Oaks Plaza, a 165,000 square feet a Winn Dixie Anchored shopping center in Miami Lakes • Prado Shopping Center, a 65,000 square foot shopping center anchored by TJ Maxx, Pier One and Red Lobster. The center is located across from the Falls Mali. • Total Wines Center, a 50,000 square foot shopping center located across from the Fall Mall. Tenants include Total Wine, CVS Drug Stores and Regions Bank. • Pinecrest Village Center, a 28,000 square foot shopping center anchored by T-Mobile. Jeremy S. Larkin, President NAI Miami 9655 South Dixie Highway Suite #300 Miami, Florida 33156 Tel: (305) .938-4.000 Fax: (305) 938-4002 jlarkin@naimiami.com Current assignments include: • Miami Gardens Plaza, an 86,806 square feet retail shopping center anchored by Tropical Supermarket • Dolphin Plaza, a 9.3,.991 square foot retail shopping center anchored 'by Winn Dixie Stores, Footlocker and Rainbow Fashions 40 NW 3rd Street Suite 1103 Miami, Florida 33128 Phone (305) 373-6789 Fax (305) 371-9451 www.miamiparking.com July 14, 2011 To whom it may concern: In 2006,, the Miami Parking Authority opted to look for an expert in the commercial and real estate arena in order to fill the vacant retail and office space at several of our facilities. NAI Miami Commercial Real Estate Services, Worldwide was selected to provide us with the expertise that we desired, Since then, they have provided us with the leasing, management, sales and .consulting services for all our office and retail properties. MPA's facilities have several unique and difficult issues to overcome due to their location and design, As our management and leasing agent, NAI Miami has not only assisted in identifying potential operational issues caused by a facility's design, but has also been essential during the construction process in identifying any field conditions which may lead to operational problems and in turn diminish .a projects marketability Their marketing abilities and communication are exceptional and have exceeded our expectations, Accomplishments to date are as follows: 1 Leasing Allapattah Plaza to 100% occupancy which will now generate over $250,000 annually in additional revenue, 2 Taking over the Oak Avenue Garage Master Lease and renegotiating the existing tenant leases creating a revenue stream which had evaporated when the master tenant defaulted on the payments. 3. Selling and/or leasing the top floor of the Courthouse Center facility and in the process of selling and/or leasing the remainder of the project during one of the most significant economic downturns in our country's history We will continue to work closely with NAI Miami in order to maximize the marketability of our existing vacant spaces and future development projects. Sincerely, Plej nArgudin Chief Development Officer FSC Mixed Sources cmr.,Vc ann o „urauio.�r«., From: chad,horton@autozone.com[mailto:chad.horton@autozone.com] Sent: Thursday, April 0.1, 2010 11:32 AM To: Josh Rodsteln Subject: Thank You NAI Miami Josh, I really appreciate all the hard work you and your team at NAI have done to help us find profitable new store locations in South Florida. Historically, this has been a very difficult market for AutoZone to penetrate and with your help we have been able to approve and open morestores in the past two years than we did in the previous 8 years combined, The follow through work that your team does to not only get sites approved, but also contract, permit and open new locations also allows us to maximize production and separate you from the rest of the pack. Thank you, and l look forward to a long and productive relationship opening AutdZone's across South Florida. Chad Horton. Real Estate Zone Manager AutoZone, Inc. Direct Dial 901-495-8753 Fax 901-495-8300 f,"....,.._ ✓ - South Fl o r6 d a ►ehav oIY ll He IIt:h Network Page 2 Mr. Jeremy Larkin Last week we moved into our new space and had our first Board of Directors meeting at the new location. The staff anci the Board were complimenting the office space and could not believe the .quality of' space .foi, the budget we had to spend. Mr, Erixon helped us do the impossible within three short months, fe gave us personal and professional service and represents your corporation well. T will be recommending your company in the future to others who need to lease commercial property, and 1 want to thank you and John for all that you have done for my organization. .r' Sincerely; .SOUTH FLORIDA BEHAVIORAL HEALTH NETWORK, INC,. John W. Dow Executive Director \pp 1'nrtlrrl/i finrricrl l�� /bc .Florida Depart/Nod o/•Children & !7rnnilier 2140 .South Dixie Highway, Suite 204-205 Miami, FL 33133 Phone: (305) 858-3335 Fax: (305) 860-4869 JUB t Client List r p Mb MD a. LIM 41031 .114=7.4.9.4211:1111 MIRson, tow urs tat.rglltatlTatirA 4'1 lrestone GNC'.Hair cutterY Off icMar '0 Aiassa94 .envir Fot Locker Chevron c it Calmat Commercial Real Estate Services, Worldwide. 11© ,,e,..441,610zgey, 01' 01,11,4,4410574.4,,,A, gAn*e.far4,-ATA,43.- , , UldiALIL ttifitt,lltrtzwiTt JENNIFER ,C.•0 .N T p•s 11/111 KFC, C./ RadioShack. 1.i/tutorial's FtwortfolooLgore: akeiltiamifferet0 PRIISREIS/1/E hi „it Sala .tions Client List thnit ' " Ficricia'r Ras Deonniart Dan BAYVJEW FINANICIL" Exchange "Services RePLFTLars fl,:neev.;; F 1100A NNW Iti3WANCI CCAPORA/KM ami Commercial Real Estate Services, Worldwide. Bank of America 400` B NY 1\11-4P-E'1114-1.0N c. SCHWAB COUntrYWide° HOME LOANS Countrywide Bank- ADWISION OF TREASURY BANK,KA. Client List 7300 Investments A Head of Hair A & S Handbags ABC .Cellular ABC Liquors Ad Print Allstar Cards '& Comics Allstate Insurance American Dive Center Amerivend (Maytag) Appelruth & Farah, CPA A Real New York Bargain Aronovitz and Jacobs, P.A. Arvida Realty Sales AGS Properties Corp. Asert Benefit Services Association of Tennis .Professionals Atlantic Security Bank Baby Boomers Exchange Batanga Blackhorse Service c/o Massage Envy Dr. George Bailey, VMD Balcor Development Corp. Robert Balough Bankers Trust Barnett Bank Baskin Robbins Bell South Mobility Bennett Auto Supply Berkowitz Development Corp. Billy Blues Barbeque Restaurant Bar Stanford Blake, P.A. Bloom ingnails Boston Chicken Restaurants Brookman Fels & Associates Byrons Calista at Sawgrass Cellular One Commercial Real Estate Services, Worldwide. Center for Kidney Disease Chase Marketing Group CNV, LLC Cluckers Wood Roasted C hicken Cohen, Berke, Bernstein, Brodie & Kondell, P.A. Columbia Savings Bank Compleat Books Computer Data Line Coral Gables Federal Crair & Wald, P.A. Cummins and Wanshel Cutler Ridge Motorcycles Dadeland Point, LLC Dairy Queen Denrich Leasing Corp. Dick Anderson and Associates Diet Centers Dime Savings Bank Discount Auto Parts Diversified Underwriters Services DMK Properties D.N.S. Industries Dollar Talks Dryclean USA EAC Consulting Eckerds Drug Company Einstein's Bagel Restaurant Elite Realty Equitable Life Assurance Society ETI Travel & Everything Medical Excel Time Service, LLC. Expressions Dance Studio Family Counseling Services of Greater Miami Federal Deposit Insurance Corp. Fenix Contractors 55 Minute Photo Financial Northeastern Corp First City Development Group First Florida Savings Bank First Union Bank Five Suns, LLC. Flagler Dog Track Fleet Financial Group Frame .Art Freedman, Colby & Eisler Dr. David Gaines Dr. Gayner, DPM Gamax, Inc. Gazebo Sports G.E. Capital Gelfand & Softness, P.A. Gerry Slavin Gerson, Preston, Robinson and Co. Gio's Cafe Gold & Associates Goldberg & Vova, P.A. Great Western Bank Great Communicators Dr. Stephen Grussmark Gulfstream Promenade of Hallandale Dr. Ernest Halpryn Heller Financial Services Hinshaw & Culbertson HLOP Investors, LLC. Home Fitness Studio Homes of Florida Client List Hyatt Hotels I.D.S. Financial Services IMJ Enterprises Intercontinental Bank Interstate Brands Corporation/Holsum Internal Revenue Servic.e K.B. Development Kid's Communication Network Kelly Services, Inc. Kendall Drive Joint Venture Kenny Nachwalter Seymour Arnold KMH Pirates, LLC. Klein, Ted, Attorney at Law Kravitz, Dr., DDS Lady of America Spa LER Investment Group Lee's Barbecue Center Legal Services of Greater Miami Levi Strauss & Company Liberty Mutual Insurance Life. of Georgia Logan Media Int'I. Lutheran Brotherhoo d Lutheran Ministries of Fla. Mall Boxes, Etc., USA Market Street Mortgage Markowitz, Davis, Ringel &Freedman, P.A. Metro Media Long Distance Metropolitan Life Insurance Company Marklin Clinic, Inc. Merchant Data Systems Miami International Freight Forward- ers Miami Lakes Office Park Miami Orthopedics & Sports Medicine Monster Videos Rick Morris, Optometrist Matsu Sushi Japanese Rest, McDonalds Howard Mesh, CPA Midas Muffler Mimi Clarke Lamps Mobile.com Modellers Emporium Mukamal, Appel, From berg .& Mar- golies, PA, CPA NationsBank New Cingular Wireless New West Federal Stanley Newmark Nutri System, Inc. Olympia Tile & Marble Orion Insurance Co.. Orthodontic Centers of America Ornstein, :Silverman & Roman, P.A. Pacific Coast South Pak Mail Papa John's Pizza Patchingtons Patton, LLC. Payless ShoeSource Payless Kids Photomasters of Boca Pillsbury Company Pinar Investments Pinch -A -Penny Pool & Patio Pizza Light P.N.C. Mortgage Corp. Popular Discount Drugs Prudential insurance Publix Supermarkets Ponte Vedra Eye Associates Progressive Insurance Mishan, .Sloto, Hoffman & Greenberg R.K, Associates Mondshine, Segall & Keilson, P.A. Radio Shack N I Commercial Real Estate Services, Worldwide. Ralph Rottens Nut Pound Red's Steakhouse REIMS Pinecreest 125, LLC. Thomas Reidenbach, AIA Republic Bank of NY Resolution Trust Corporation Revco Drug Stores Rite Aid Drug Stores Robert's Hair Studio Rodriquez, Horr, Aronson, & Bianck, P.A. Rose Hallmark Dr, Stanley Rosenberg Royal Oaks Plaza, Inc. Seitlin .Benefits SCS Mortgage Corporation David Schaecter Drs. Schenkman & Zagorski Schiff Construction Corporation Silverman Financial Group Solowey & Co. Sonic Burger South East District, FL Sparber, Koznitsky, Truxton Spratt &Wells P.A. Spectore Corporation SW 9800 LLC, Tallahassee 99, FL, LLC. Target Logistics Taylor Made Commercial Technology Trade Group Valdes and Zelman World Class Developers Worldwide Rebates FOR LEASE 7237 NW 27th Avenue Miami Gardens (Miami), FL features: • 96,9G2 Sq. Ft. Winn Dixie: anchored retail shopping center »'Other tenants include Foot Locker, Ashley Stewart, Rainbow Fashions and gent -A -Centel Located in an Enterprise Zone :which ;will provide t tx lrebat:es, job traintn grart.ts and incentive :awards Located jot nortll of the Palmetto Expttees • The center sits along thenew Metro Rail, expansion rout '..Excellent street visibility Traffic cour,=.it is 54500 cars•:daily lThelm rornlallat1 ontalt'ed herein has:baen ven Iosus-y the otmrrr nr Ihrr pmpo4y ttr olrter,sol$tseatde. tt. reliable,!we haVa:ndRrooson to,sloubI weTJo not puarantoo1it n4`iilfo idioit tyhOutarbe,verllied:prior.Io,purdrrse:orlease. Demographics .2009 Population' Est. 2009 Household:Est. 2009 Avg. HH Income 5 Mile 463,160 436,181 $51,040 Build on the power of our network. rM contact information Lisa Tenn - Ext. 129 Itenn@nairn iami.com Phone:.305,938.4000 Fax: 305.938.4002 www.naimiaml.com Miami Commercial Real Estate Services, Worldwide., Build on the power of our network, "I IUI I A 18335 N.W. 27 Avenue Miami Gardens, Flo i Features: Planned renovation • Close to the Dolphin Stadium and Calder Race Track Located along the planned North Corridor Metrorail extension at the intersection of NW 27th Avenue and Miami Gardens Drive • Easy access to the 1-95, Florida Turnpike and Palmetto Expressway • Traffic Count: 84,120 cars daily • 2006 Population estimate in a 5 mile radius is 465,501. The information contained herein was obta ned from sources beliwred rali b a. however. NAt Miami makes no guarantees. warranties or representatior:s as to the completeness or accuracy thereof. The presentation of this property is submitted subject to arress. omissions. change et ice or core xns. prior to saie or lease withdrawal without notice. 9655 South Dixie Highway Suite 200 Miami, Florida 33156 1221 Brickell Avenue Suite 1100 Miami, Florida 33131 www.naimiami:com contact information Lisa Tenn - Ext., 129 Email Itenn@nairniami.com Phone 305.938.4000 Fax 305.938.4002 t �fYiTTTTFF r� T,s*RS sI AZIFFi T Tit IS S1 4 T rPt El! ICfrtt 1 T 4j na E. 19.11 It3 . fst 34IPtitr4 t II.1KSI1 S T Es 'e SI+tt.h1 betriographics: 1 Mile 3 Miles 5 Miles' 2008 Pop. Est. 19,28E 164,215 : 466,650 2013 Pop. Est 20,296 167,502 475,489 2008 HH Est. 5,580 47,878 146,548 2008 Avg. HH Inc. $46,317 $52,309 $53,683 Commercial Real Estate Services, Worldwide- Build on fhc pow r of our atAU-Od . Ti7 ( N v..R illm9 aMM...` — • ....r 3 �i Y3-. Illn'/I YL we..r fss,t I i j:.s.+.ese,, Raas. R rraw tz i 4.....4 M %flit.', -e-0k 1n'.ftJv i_. Fb '.•a.. �6" `Mt _ r�+tss'a.` krT.ailr . :iP nfii �"=wllc:.:pT['S.• cp�a a c+*.:: i+3 Raiff ,, rc {� 3.1tir:4�'z � � L � 1� rYtC;z'{T2_ a I is v,&.; , y mar.}.,,• 4C'R'R AIs __.. 3 i�Rl 3 .tt IQh A' j41i MI w C/IItc 6yu4.1.1 n .n FMt ;1tl1, khifregih, contact information Lisa Tenn - Ext. 129 Email Itenn@naimiami.com Phone 305.938.4000 Fax 305.938.4002 www.naimiami.com Facts: _. Winn Dixie anchored shopping center located on • 9.05 acres •• 1050'sq. ft. available immediately • Pad sites available .• 'Planned in -line expansion .up to 16,500 Junior anchor space .Less than 1 mile to SR 7 and Florida Turnpike • '721 'feet of frontage on County Line Road Demographics: 1 Mile 3 Mile 5 Mile 2010 Population Estimate 23,292 ;2010 Households 8,009 'Avg. Household Income $50,292 Traffic. Count::39,598 vehicles daily 86,733 28,989 $52,294 492,255 173,764 $56,510 Proposed :Expansion Paid Sites Available .Loratalaa :•rrMTe'Cuoeer;Glty Gavle . + Atlas , a1 A. . fie.. ,. a..Yar,• e. rt' P • :.•ti - • Peuwmlakun • x p r lt, a r $` �'•• '� � nnkygdr,a Itaraw ter ....am :CD ..,.: e0AN, 'ail('a t ' Unol .LaCOSaM ��•)Ik PAT PW'aed aY k; b •4• 4;0,xaon r., ' wY,l .r- ' ri4r"` PaaY Haotiaaiawa.. .... .Pembroke � •.aurco.,a.,v; dtfw* m WoklPara v.Miramar • '-Nedaod rYKarr, .. .u+a Foci; .: hoquoal utona PamMoka .Mve,Mixl Yak.01;:+wrl Casino KO lAN0INOVO01..• "y ai ,FxS COMM •CNpI .� 1AIDml lakal ae 1.4 !Ammo e • Menai Gardena tom' Col „aid, • awdM PPF ,.;spa..,,eka .,. Afro' I 4.VI _, .4Paa.atke u_- Wan nier sau: l+k'ao, IYO,t 6almaa ,/ �•FY�akrra •:MF+zr�Cas'iinr ewar� 'Homed ,IP a w •s jam*•.' "' gua 40011 I,IAv H" . No11Il hkaml Beech • PtlrMo6A•^°^•'4, ad •U,"a ,tc,,,ra111 'S Golden zx Ourdaa P.nouood• 'Nast L,No Commercial Real Estate Services, Worldwide. Build on the power of our networkTM Noah Miring eagre 1Amm, Sharok contact information Lisa Tenn Itenn@naimiami,com Phone 305.938.4000, Ext. 129 Fax 305.938.4002 NW Corner • a:WM.44,y eatures include: 48,000 sqft, shopping plaza ideally suited for retaL medical, restaurant and office 1,4$0. •', 860 so - 12,500 sq. ft. avalla 5/1,000 parking ratio, can accamrnote at spaces • a 2 miles south of Hard Rock Hotel & Casino si Traffic count: '189,000 cars per ;day combine II* item:won tontleted %Pea him email writO ise y 100 &awe incierly lar.ork•PPiiitii tt;4J11 041=1,014y,la1 M) Po ray.' cruarpnleo It Au inteprnittat3POuld W.40)11013 OPtiOIRPTIIMI:?1,40 ' Demographics: 009 Population . 009 Households 2009 Avg. HH Income # of Employees 1 mile 15,970 5,491 $48,404 8425 3 miles 5 miles Ao Paaiito 131,029 358,453 46,608 127,490 $61,893 $59;838 74,646 1194,376 ''',15,,tirv4472'1. ;74.14441 iikVF.!;:r Commercial Real Estate Services, Worldwide. Build on the power of our network, //4 contact information: Lisa Tenn—Ext, 129 Itennnaimiami.com Direct Line: 786.260.0410 Phone 305.938.4000 Fax 305.938.4002 www.naimiami.com courthouse Center 240 N. Miami Avenue, MiamI, Florida IY1I !V! i Commercial Real Estate Services. Worldwide. Build on the power of our network. ` 9655 South Dixie Highway Suite 200 Miami, Florida 33156 1221 Brickell Avenue Suite 1100 Miami, Horida 33131 www:naimiami.com Downtown Miami Central Business District Biscayne Bay contact information Lisa Tenn— Ext 129 Phone 305.938.4000 Fax 305.938.4002 Email Itennc naimiami.com The information contained herein was obtained from sources believed reliable; however, NAl M ami makes no guarantees, warranties or representations as to the completeness Or eccaaacy ttiereot. The presentation of this property is submitted !object to errors, omissions, change of price or con:Brions, prior lc sale or lease wiihdrawal without notice. FOR LEASE Features: al 142 I8 14270 SW 8In Siteet Honda 35,309 square foot retaii,ghoppin:; center I 260 sq ft up to 6,6'1411 britigtiotis sq ft inwriecliat*, 1. Signalized intersection Excellent signage4a4 ' V.Y Parking ratto 5/1,0 Join: C91.11,7.9 • • :12 • Mobile. ink CameStezz CHASE 0 .411U 'Ar2414111Plollint01114' Demenrapilicsi RA le :„2019 Population Estimate 11,919 20t0 Household Units 3,174 Average Household Income $ 81,360 • Traffic Count. 62,136 vehicles daily 41 4 011ENSfi 0214(<4iii< 011,1: /44554re .47,1 109,460 32,143 $ 72,940 Comer:1W Real BOW Smiteiti, Woridwift Build on the power of our network. rm Contact information Lisa Tenn - Ext. 129 Itenn@naimiami.com Phone: 305.936.4000 wvvw.naimiami.com Property Features: End Cap Available �► Exposure to signalized intersection of US1 and SW 216th Street • Large pylon signage available on comer for maximum exposure s Ample parking Area Features: Located on Major North / South transportation corridor • Traffic count: Over 40,000 vehicles per day s Just South of: Southland Mali Turnpike / US1 Junction Nearly bl.Iilt CUiturai Arts Center Costar ID: 5630940 N'lMiami Commercial Real Estate Services, Worldwide. Build on the power of our network. TM Contact information: Joe Gallaher - Ext. 139 jallaher@naimiami.com Phone 305.938.4000 wwwnaimiami.com Licenses Ace 4609087 STATE OF:FLORIDA DEPARTMENT OP BUSINESS ANOP DREA0FESTATEAL REGULATION DIVSEQ4 1,09892283664 • DATE ''- BATCHNUMBER'I 09/22/2009090048397 LICENSE NBR C¢1009291 The CORPORATION Named below HAS REGISTERED Under the provisions of Chapter 475 FS. Expiration date; SEP 30, 2011 WIZ L C T\A NAI MIAMI 9655 S DIXIE HWY t209 MIAMI FL 33156 CHARLIE CRIST CHARLES'W. DRAGO GOVERNOR SECRETARY DISPLAY AS REQUIRED BY LAW A09 3 9.9 9 6.3.9 DEPARTMENT ?OA76' DATOHNU 8ER:LICENSE 09/12/2008 00800832 .SL548.139 STATE OF. FLORIDA OF BUSINESS AND PROFESSIONAL REGULATION DIVIOION OF REAL ESTATE SEQ#r,08091202743 NOR. ; The SALES ':ASSOCIATE sx ?Named• -below IS'LICENSED f Under the provisions .of Chapter S47 ;F* c +, Expiration date: SEP. 30, 2010 . TENN; LISA .ANDRSA 8.940:SW'116TH STREET £5, .? MAX/ FL 33157 a,ay ;., , ;`' DRAGO CHARLIR.CRIST C SECRETARY GOVERNOR D18PLAY'AS RE.UIRED BY LAW 17 DBPR - LARKIN, JEMMY STUART, Real Estate Broker or Sales Page 1 of 1 Licensee Details Licensee Information Name; Main Address; County; License Mailing: LlcanseLocation; License Information License Type: Rank: License Number; Status: Licensure'Date: Expires: special Qualifications IARKIN, IEREMY STUART (Primary Name) MA Hama) 9656. SOUTH O):XIQ HIGHWAY *200 MIAMT Florida 33156 DADE Reel Estate Broker or Sales Broker sK3Bo7735 Current,Active 09/14/.1987 03/31/.2011 Quelitication Effective ViestrUielned...1-1s€n; .legrm 1Qf. Yjgw. lcense csi ,,plaint 6:17naPM+0'IJ2a09 l rerm6'or Use j I Pttvaey Statement I Mips://www.mYfloridalicense.corn/LieenseDetaiLasp7SIU=&ld©5B4A476BAri A99Iri6... 10/13/2009 18 Property Features: • End Cap Available • Exposure to signalized intersection of liS1 and SW 2i6th Street • Large pylon signage available on corner for maxifnur» exposure • Ample parking Area Features: • Located on major North / South transportation corridor 1traffic count: Over 40,000 vehicles per day i Just South of: = Southland Mall - Turnpike / 11SI Junction Nearly built Cultural Arts Center sehoid Eslirrate Costar ID: 5630940 Commercial Real Estate Services, Worldwide, Build on the power of our network. TM Contact information: Joe Gallaher - Ext._ 139 jgallaher@naimiami.com Phone 305.938.4000 www.naimiami.com Licenses AU 4609087 .STATE OF,!FLORIDA DEPARTMENT OF BUSINESS AND 'PROFESSIONAL REGULATION DIVISION OF REAL ESTATE $EQ#L09tl92203669 :DATE, - BATCH NUMBER LICENSE NBR 09/22/2009 09E04839.7'. CQ100929.1 The CORPORATION Named below HAS REGISTERED Under the provisions of .Chapter 475 F.S. Expiration date: SEP 30, 2011 IS L C A NAT MIAMI 55 S DIXI•E.HWY #209 MIAMI FL 33156 CHARILIE CRIST CHARLES W. DRAW GOVERNOR SECRETARY DISPLAY AS REQUIRED BY LAW AO 3.999634 . , , STATE OF.FLORIDA DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATIO11• ' AT'VISIO1r_OF REAL ESTATE ; $EQLOB09120279.3 DATE MATCH NUMBER:'; LICENSE NBR '4'ti}40;i' i00%1.2/:21108.b:$o'.q'b:3.B32'.SL56B135'.:S!,.. a„ ;M . r: The SALES' A0S0E4113E < :_ tr iJI3i 'Salted iDeloW IS,L2CIINSED.: ? /{ Under the prodie1.onB of Chapte444 Expiration date: SEP 30, 2010 0,154E4-L+ 1 'P1,111.1: LISA ANDREA 8940!'SW :176TH, STREET 1) 9'il r • MIAMI .�: FL :33T57'''`;i4fs' CHAALIE:GRIST : ., ;' ,. CHARLES".W„ DRAGO GOVERNOR ' : •: D16PLAY AS^Rt'QUIRED BY LAW SECRETARY 17 DBPR - LARKIN, JEREIv1Y STUART, Real Estate Broker or Sales Page 1 of 1 Licensee Details Licensee Information Name; Main Address: Countyl .License Milling: LlcenseLocatien: License Information Ucense-Type: Rank: License Number.: Status: Llcensure Date: Expires: LARKIN, JEREMY STUART (Primary flame) (oaA Name) BEES SOUTH DIM HIGHWAY #200 MIAMI Florida 33156 DADE Real Estate Broker or Sales Broker BK3007735 Current,Active 09/14/19B7 oa/a1/zo11 Special Qualifications Qualification Effective View Related Lice information Yield License Complaint I Tmna at U.m I 1 .Privacy Statement 1 RY7;lOYM 1alncloe hltpst//www.myiloridaGcense.cam/Licensonetali.asp?S1D=&1d=SB4D47GBA4irA99F1G.., 10/13/2009 18 Company's Financial Strength and Legal Ability Financial Strength NAI Miami is an established real estate company that has been conducting client transactions since 1996. The firm's geographic coverage is from Tavernier to Palm Beach. The firm repeatedly exceeds projected forecasts for transactions and has the availability of funds to offer our clients the necessary marketing products necessary to service each account with little or no cost to the client. In 2011, the firm's transactions reached $98,272,000.00. Each year, the firm sets aside monies for its anticipated marketing budget. We are prepared to absorb all the marketing costs for The CRA. Should additional projects come on line, we will raise the budget accordingly. Disclaimer: The information provided below is for projections only. A detailed proforma will be provided at such time that NAI Miami is retained as the listing agent and upon .completion of all due diligence. Sources of Funds Funds allocated to the CRA by The City of Miami Rents collected from future tenants Empowerment zone Enterprise zone Beacon Council Funding for operations / maintenance Funding for operations will be provided initially by the GRA from the funds granted the agency. These funds will be used initially for all costs associated with improving the building and .site to include: • • • • Rehabilitation Costs Surveys and space planning fees Architect and engineering fees Marketing fees General contractor fees Management fees Construction and Construction Management All exterior and interior construction shall be completed by our construction alliance with J.A. Valls Construction. J.A. Valls Construction shall be responsible for the scheduling, hiring and supervising the completion of any construction work (see Resume in Section 1). At least three bids will be south for each category of construction with an emphasis in hiring local area minority sub- contracting firms. The contractor shall be responsible for permitting and having the work inspected properly. Upon completion, the contractor will be responsible to deliver certificates of completion, lien waivers from sub -contractors, draw requests, and all documentation required by the owner. Operating and Maintenance Fees Operating and maintenance fees will be collected from tenants as leases are signed. An example of the operating and maintenance fees would include: Base Rental Rate: $8.00 pet- sq. ft, Common Area Maintenance fees: $3..36 per sq. ft. Real Estate Taxes: $1.35 per sq. ft. Insurance: $1.02 per sq. ft. The operating and maintenance fees are collected as additional rents along with tenant's base rent and are :used specifically for the projects operations to include: • Estimated Expenses: ▪ Cleaning contract services • Lawn maintenance • Trash removal • Pest control • Maintenance reimbursement • Property manager • Cleaning exterior • HVAC contracts/materials • Locks and keys • Fire and life safety • Repairs, maintenance and supplies • Electricity • Water and sewer • Structural / Roof contracts / Materials • Surface water surtax • Signage • Parking lot maintenance • Security contract service • Telephone • Administration fee • Management fee These funds are pro -rated on a per square footage basis to each tenant based on budget projections. EXCLUSIVE MANAGEMENT & LEASING AGREEMENT THIS AGREEMENT DATED THIS day of , 2012 by and between (hereinafter called "Owner") having an address of and WLS, L.C. d/b/a NAI Miami, a Florida corporation (hereafter called "Agent") having an address of 9655 South Dixie Highway, Suite #300, Miami, FL 33156, WITNESSETH In consideration of the terms, conditions and covenants hereafter set forth, the parties hereto .mutually agree as follows.: 1. The Property to be leased is: a Address: b. Contai.ning.: Square Feet c. Zoning: 2. Proposed Lease Terms a. Lease Rate:.$ , NNN b. Annual Increases - Min:percent ( %) c. Lease Term: Minimum: () Years Maximum: ( ) Years d. Free Rent to be provided: e. Tenant Allowance: None f. Build -out Time Allowance: ( ) days 3. Owner shall supply Agent with the following: a. The Property's standard lease form. In the event Agent supplies the lease form, Owner shall be responsible for approving its form and content and shall not hold Agent liable for any errors or omissions as Owner shall have the form reviewed by its attorney. Owner shall provide a contact at the firm to coordinate the preparation of the leases with prospective tenants. b. A site plan showing the approximate dimensions of the Property. c. Complete demographic information for one, three and five mile radii with the site as the center point published no later than six months prior to entering into the exclusive leasing agreement. d. Elevations showing the Property. e. An original photograph of the building and the adjoining area, with a release from the photographer to allow for reproductive purposes. f. A map of the immediate area showing the development. LEASING SERVICES 1. Agent shall use its best efforts to obtain leases from qualified tenants in accordance with leasing standards and budgets approved by Owner. Agent shall devise and conduct a marketing campaign in order to develop tenant prospects, including mass mailing, door-to- door solicitation and advertising. The following direct costs attributable to such marketing efforts including postage, couriers, telephone toll charges and overnight mail service shall be approved in advance by Owner and be reimbursed to Agent by Owner within fourteen (14) days of submission of an invoice for such costs. The remaining direct costs attributable to such marketing efforts including a brochure, advertising and signs shall be approved in advance by Owner and be reimbursed to Agent by Owner within fourteen (14) days of submission of an invoice for such costs. 2. Inquiries for any leases or agreements for the rental of the Property shall be referred to Agent, and all negotiations connected with such leasing shall be conducted by or under the direction of Agent. 3. Agent shall exclusively advertise and promote the Property and display "For Rent" or other similar signs. Owner shall pay for the cost of all such advertising and signage, after first receiving Owner's prior written approval. 4., Upon obtaining commitments from prospective tenants to lease the Property and after obtaining approval of the terms and conditions of said commitments by Owner, Agent shall submit to each such prospective tenant a lease in the form approved by and prepared by Owner containing the terms of said commitment, within the leasing standards established by Owner. 5. .Owner agrees to pay a leasing commission equal to the following: Lease Term Brokerage Commission Between one (1) & five (5) years Between five (5) & ten (1.0) years In excess of ten (10) years Six percent (6.00%) of Gross Lease Value of Primary Term, For leases shorter than five (5) years, in the event of renewal, the fee paid will be the fee identified in this section up to a total combined term of five (5) years. Six percent (6.00%) of Gross Lease Value for Lease Years 1 through 5 and three percent (3.00%) of Gross Lease Value for Years Six (6) through ten (10). Six percent (6.00%) of Gross Lease Value for Lease Years 1 through .5; three percent (3.00%) • of Gross Lease Value for Years six (6) through ten (10) and two percent (2.00%) of Gross Lease Value for Years eleven (11) and beyond. Build on the power of our network. TM Expansions As set forth above, Renewal/Extension Fee: Calculated at one half (1/2) of the standard rate Cooperating Broker Commission: In the event that there is a cooperating broker involved with leasing the Property, the fees identified above will be increased by one percent (1.00%) of the amounts identified for each specified category, The commission shall be earned in full at lease execution and shall be payable by Owner: 4 Fifty percent (50%) upon the full execution of the lease agreement. 4 Fifty percent (50%) upon the earlier of Tenant opening for business or commencing th.e payment of regularly scheduled rent payments. Gross Rental Value shall include the total of all base rentals provided for in any new lease less any monetary rent concessions (excluding those concessions provided in lieu of .a tenant improvement allowance) plus any escalation provisions which are specifically ascertainable, but specifically excluding any C.A.M., Insurance or Real Estate Tax pass- throughs in excess of any base year or increases in base rentals .based on the consumer price index ("CPI"). In the event that a base rental increase is tied to the CPI .and there is a minimum annual escalation, the minimum escalation shall be utilized in determination of Gross Rental Value. In the event that a tenant executes a lease .but fails to take those steps necessary pursuant to the lease .in order to initiate the lease's commencement, then Agent shall be entitled to collect those fees that are due, but unpaid, in an amount equal to up to fifty percent (50.:0%) of the monies received by Owner. In the event of termination of this agreement, excluding the sale of the Property, any commission earned but unpaid, shall be paid out to Agent in accordance with the above schedule. In the event of termination of this agreement as a result of the Property's sale, any commission earned but unpaid, Owner agrees to add the amount due as an item on the closing statement and that amount shall be paid out to Agent from the closing proceeds. 6. In the event another Broker brings a prospective tenant to the Property and a lease is executed as a result of the joint efforts of Agent and another Broker, the total commission shall be split equally between Agent and the cooperating broker. The cooperating Broker's portion of the commission is to be paid in accordance with the schedule above, N P Build on the power of our network, TM MANAGEMENT SERVICES 1, Services Provided., Agent shall perform the following management services for Owner; a. Maintain businesslike relations with tenants whose service requests shall be received, considered and acted upon promptly. b. Collect all monthly rents, rental percentages (where applicable), common area maintenance charges, sales tax, rental escalations, parking charges (where applicable), operating expense reimbursements, real estate taxes and insurance premiums, utility charges, HVAC charges (where applicable) and .any other payments due from the tenants of the Property; initiate procedures to collect such charges or :rents, and take such action as may be necessary to collect any such sums or evict tenants delinquent in payment of such monthly charges or rents. c. Cause the buildings, equipment and Landscaping of the Property to be maintained, including interior (where applicable) and exterior cleaning, painting., decorating, plumbing, carpentry and such normal maintenance and repair work as is necessary. With the exception of payments required in connection with mortgages, real estate taxes, insurance., utilities, budgeted line items and Owner approved contractual obligations; no one (1) disbursement shall be made in excess of five thousand and no/100 dollars ($5,000.00) .unless authorized in advance by Owner. However, emergency repairs involving danger to life or property, or immediately necessary for the security, preservation, and safety of the Property or the tenants, or required to avoid the suspension of any necessary service to the Property may be made .by Agent irrespective of the cost limitations imposed herein. Agent shall supervise all repairs, replacements, remodeling, alterations, structural or otherwise of the Property as requested by Owner, subject to the terms of the construction management provisions contained in paragraph nine herein. d. Notify Owner in the event that Agent becomes aware that the condition of the Property or any part thereof requires any major repairs or repairs required by state or local law, ordinance or governmental regulation of which Agent has actual knowledge. Agent, upon notice thereof, will take .such action as is necessary to comply with all laws, ordinances, orders or other requirements of any federal, state, county or municipal authority having jurisdiction over the Property and affecting the Property. However, Agent shall riot take any such action so long as Owner is contesting any such Law, ordinance or regulation. e. Make contracts for water, electricity, gas, fuel, telephone, pest extermination, and, where applicable, elevator service, office .cleaning, security, HVAC .maintenance and otherservices, as necessary. Agent shall also purchase such equipment, tools, appliances, materials and supplies as are necessary to properly maintain the Property. All such contracts and purchases shall be made in the name of Owner and executed by Agent on Owner's behalf. Copies of such contracts and purchase orders shall be available to Owner upon request. When securing bids, Agent shall use its best efforts to secure for Owner, any discounts, commissions or rebates obtainable as a result of such purchases and obtain the lowest possible prices as are consistent with good quality workmanship and service.. f. Agent shall, upon request from Owner, assist in the placement of insurance with N I Miami Build on the power of our network.T'°' such coverage and in such amounts as may be appropriate for the Property or the holder of any Mortgage encumbering the Property. Agent shall review all incidents or accident claims for damages relating to the ownership, operation and maintenance of the Property including any damage or destruction to the Property, and shall cooperate with and make all reports required by any insurance company authorized by Owner. g. Agent shall establish and maintain a separate bank account ("Management Account") for the Property with Agent authorized to draw thereon for any payments to be made to discharge any liabilities or obligations of Agent or Owner incurred specifically for the Property. Agent agrees that all obligations paid from the Management Account shall be paid by check directly to the obligee supplying the repairs, services or supplies which have been received and, provided that funds are available in the Management Account, shall be promptly paid. Agent shall deposit all gross rentals and income from the Property to the Management Account. h. Agent shall deposit security deposits into the Management Account. Owner shall be solely responsible to tenants or former tenants for any refund that is due under a Lease Agreement and Owner .shall hold harmless, indemnify and defend Agent against such claims. I. .Agent shall prepare and file all returns for state sales tax, unemployment insurance, workers compensation insurance, and social security for all of Agent's employees, if any, that are .employed by Agent or the Property as .on -site employees of the Property. Agent shall :not be obligated to prepare any of Owner's state or federal income tax returns. j. Agent shall maintain a complete set of records, books and accounts in its standard manner, with all records for the Property available for examination by Owner, at all reasonable hours, upon reasonable notice. No later than the thirtieth (30th) day of each month, for the prior month, Agent shall send to Owner a monthly income and expense statement for the Property. Agent shall preserve originals of invoices and bills until such time as this Agreement is terminated, whereupon all such invoices, bills or statements shall be transferred to Owner at Owner's expense. k. Upon the termination .of this Agreement and for a period of thirty (30) days thereafter, Agent agrees to fully cooperate with Owner to arrange a transfer of Agent's books and records for the Property, I. Agent shall make recommendations to the Owner on the suitability of protests of real estate tax valuations. m. Agent shall hire, terminate, and/or replace any approved on -site management, secretarial, security or maintenance personnel required for the property. Compensation of such employees shall be considered an expense of the propert 2. Agent shall be paid by Owner for management services performed under this Agreement a fee payable monthly as follows: a. Five percent (5.00%) of the Gross Receipts of the Property. "Gross Receipts" for any calendar month shall mean the entire amount of all cash receipts from rents received for the Property for the month plus any expense N.1 Build on the power of our network. TM contributions collected from tenants. Gross receipts shall not include tenants' security deposits, unless applied toward rental payments due, sales tax, proceeds payable to Owner from the sale of all or part of the Property, proceeds payable to Owner from any hazard or title insurance policies, except insurance proceeds for loss of rents. 3. Everything done by Agent under the provisions of this Agreement shall be done as agent of Owner, and all obligations or expense incurred shall be for the account of and at the expense of Owner. All direct expenses relating to Agent's operation of the Property, including but not limited to legal, accounting, bookkeeping, mechanical, engineering, other professional and service fees, postage, couriers, telefax, photocopies, supplies and communications shall be paid by Owner or reimbursed by Owner. Owner shall not be obligated to pay any costs and expenses of Agent's main office employees. All leases, contracts and other documents or records necessary for Agent to complete its obligations hereunder shall be •delivered by Owner to Agent within seven (7) days .of execution of this agreement by Owner and Agent. CONSTRUCTION MANAGEMENT SERVICES 1.. The following fee structure shall apply: a. Agent shall be paid for its management of any _construction, repair or renovation projects in excess of five thousand and no/100 dollars ($5,000.00), a construction management fee equal to eight percent (8%) of all amounts up to and including five hundred thousand and no/100 dollars ($500,000,00) of the total construction cost of each individual job, plus six percent (6%) of any construction costs above that sum. Additionally, Owner shall pay all costs incurred in the performance of the construction management services by Agent, including the payment of all such architects, engineers, designers., space planners, general contractors and subcontractors hired by Agent, on behalf of Association, as are reasonably necessary to complete the construction, repairs or renovation required at the Property. In the event .that a general contractor is utilized for any work, the construction management fee shall be reduced by one-half. b. An initial payment equivalent to twenty percent (20%) of the estimated total cost of construction for the contemplated improvements shall be paid to Agent at the commencement of construction, with subsequent construction management payments paid on the tenth (10th) day of each month in proportion to the quantity of work completed on the project for the prior month. N 1 ' Build on the power of our network.TM ',••• 0." . ' . • •,•$.4-401 0.•tiVrr.0,10 1. In the event of Agent a full Corr Tenant execut cancellation. °Aso< those instances -.- - a list of any su termination. 2. Agent shall have -- leasing plans, thereof, used in provided, m a i 3. Agent shall ha‘,."Nosi- 4 In the event of a Owner shall pay closing of the s Owner hereby a u gas the disbursal of tt 5 All notices giveno, Mail or by recel carrier, addressc Owner: Agent: 5. This agreement r- — and their respect 6. This writing, tog agreement betw or rescinded excewsia 7. This Agreement Mlarrd MISCELLANEOUS PROVISIONS 1. In the event of termination of :this agreement, Owner shall remain obligated to pay Agent a full commission for any tenant introduced to the property by Agent where said Tenant executes a lease with Owner within six (6) months of the effective date of cancellation, Owner shall be reasonable in giving an extension of the time period in those instances where a lease agreement is being negotiated. Agent agrees to submit a list of .any .such tenants to Owner within thirty (30) days from th.e effective date of termination. 2. Agent shall have its name and capacity as Agent prominently displayed on all materials, leasing plans, signs, publications, advertising, brochures, etc. and all modifications thereof, used in connection with the Property. All such materials and displays shall be provided, maintained and updated at the Owner's expense. 3. Agent shall have the right to erect a sign or signs, whether inside or outside the Property, or window signs, identifying its exclusive leasing capacity for the Property. 4 in the event of a sale, conveyance or disposition of the Owner's interest in the Property, Owner shall pay Agent all commissions and fees due pursuant to this agreement at the closing of the sale, conveyance or disposition of the Owner's interest in the Property. Owner herebyauthorizes the itemization of Agent's fees on the closing statement and the disbursal of said fee to Agent at closing. 5 All notices given or required by this Agreement shall be sent by United States Certified Mail or by receipted Federal Express delivery or other receipted overnight private carrier, addressed in the case of: Owner: Agent: WLS, LC 9655 South Dixie Highway Suite #200 Miami, Florida 33156. 5. This agreement shall be binding upon and insure to the benefit of the parties hereto and their respective successors and assigns. 6. This writing, together with the agreements referred to herein, constitutes the entire agreement between the parties and it may not be modified, supplemented, discharged or rescinded except by an instrument in writing executed by the parties. 7. This Agreement shall remain in effect for a period of twelve (12) months from the date N, If l ml Build on the power of our network. TM of full execution of this agreement, 8. The Florida Commercial Real Estate Leasing Commission Lien Act provides that when a broker has earned a commission by performing licensed services .under a brokerage agreement with you, the broker may claim a lien against your interest in the Property for the broker's commission. The broker's Hen rights under the act cannot be waived before the commission is earned (Florida Statute, Section 475,803(6)). Agent shall not be required to give Owner any notice prior to the filing of any claim of lien. In the event Agent initiates any litigation to enforce or foreclose a claim of lien so filed, Agent shall have the right to file a lis pendens against Owner's property and Agent shall not be required to file any bond in order to maintain the .lien during the course of any litigation. 9. In the event of any litigation between the parties to this agreement, attorney's fees and costs shallbe awarded to the prevailing party,including during settlement discussions, in trial and on appeal. IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written. Witnesses: AGENT; WLS, L.C. d/b/a NAI MIAMI OWNER: By: Jeremy S. Larkin, President By: Build on the power of our network. TM