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Exhibit 1-SUB
Term Sheet for the Award of a Professional Services Agreement in Response to RFLI 275273 for Real Estate Leasing and/or Property Management Services for the Marlins Stadium Parking Garage Retail Spaces Contract Type: Professional Services Agreement (PSA) Parties: City of Miami and Terranova Corporation Subject Matter: Real Estate Leasing and/or Property Management Services for the Marlins Stadium Parking Garage Retail Spaces Term: One year term, with four one-year renewal options Cancellation Provisions: Per Section 2.14 of the RFLI document. Termination by Default and/or for Convenience Fee Structure: PerTerranova's attached Proposed/Negotiated Fee Structure Hold Harmless/Indemnification: Per Section 1.43 of the RFLI document. Compliance with All Laws: Per Section 1.19 of the RFLI document. Licenses and Permits: Per Section IV.4.B.1(g) of the RFLI document. Insurance: Per. Section 2.10 of the RFLI document. General Liability: $1M/$2M/$1M/1$M; Auto Liability.$1M; Employer's Liability: $100,000/$100,000/$500,000; Errors and Omissions: $1M/$1M/$1M Special Provisions: All specifications requirements identified in RFLI 275273 will be physically attached and incorporated by reference into the PSA si II CITY OF Fl I,FLORIDA IINTER-OFFECE ME 0 DU TO: Honorable Mayor and Members of the City Commission FROM: Johnny Martinez, P City Manager DATE: July 21, 2011 SU JECT: Substitution for Item RE.18 Marlins Staclium Garage Retail Spaces REFERENCES: ENCLOSURES: Negotiated term sheet Please be advised that the proposed term sheet of the selected Proposer, as included in "Exhibit 1" to RE.18, scheduled for the July 28, 2011 Commission meeting, is substituted by the attached negotiated term sheet. Staff from the Department of Public Facilities will be available to address any questions or concerns. Please feel free to contact the department director, Madeline Valdes, at (305) 416-1461. ,VB:mv:jf uIIT PAINONMA ammill rigi r 11.110, (96)<;) - b C(-'1.?? H DOC UMENT S A. S U 113 ST MTII!O "IC) ORIIIG NAL BAC k U IP ORIIIG) N A 01_ CAN BE SEEN AT END OF THis oocumENT, Proposed Fee Structure (Revised 7/20/2011) tirlittare. Leasing & Market Research Services • Terranova shall be entitled to certain fees for the delivery of the below listed items. Fees shall be paid upon delivery and shall not exceed $30,000 in aggregate. The fees are non-refundable, however, a credit shall be issued against future leasing commission equal to the total amount of fees expended. A delivery schedule shall be further negotiated in the contract: o A competitive market analysis, tenant mix report and targeted tenant "depth chart". (Cost: $5,000); o Delivery of the marketing package to include custom graphics and logo, a custom designed brochure, site plan, E-mail campaign and custom window signage. (Cost: $4,000 due upon delivery); o A comparative stadium retail report to discuss similarly situated retail around stadium projects in other Cities. (Cost: $3,000); o A Report recommending various changes to the physical plant including: a uniform signage and awing plan to include graphical renderings, specifications and price estimates and a complete review and recommendations for retail storefront design and interior improvement recoirunendations (Cost: $5,000); o A Submarket Report featuring the Stadium project. This report will be similar in nature to the "Urban Retail Report" included in our presentation. The submarket reports are widely distributed by Ten-anova and will ultimate land in the hands of other brokers and potential tenants. This report is an essential marketing tool for the Project. (Cost: $5,000); o A complete document review of the City's form lease to include recommendations for future lease deals. Review is limited to a review of business issues in the lease and is not to provide legal advice. As part of the review, Terranova will prepare a template Landlord's Work Exhibit (Cost: $5,000); o Terranova shall design and execute a public relations campaign that will highlight available space at the project. The campaign will consist of producing and distributing press releases and follow up with reporters. ($8,000) Terranova Corporation • 801 Arthur Godfrey Road, Suite 000 • Miami Bench, Florida 83340 • Telephone (806) 605-8700 • Fax (306) 672-7800 Liconsocl Boni Estuto Brolcor yy ww,turnill2XllgalliSSLED. 0 //— 6,67(.:060 0 — (- ).) THIS L)O( M fl S A SUBSTICILMON TO ORII!GID AOL BAC. KUP ORIUGUNAL. (AN BE SEEN A"T END OF THUS DOCU ItFN"T„ • A 6% .commission on the nct rental value (up to I 0 years of term) of any hilly executed lease (50% clue upon the lease execution (.4c. 50% due on the earlier of 1- the rent commencement date; or 2- the date the tenant opens for business); • Terranova will be the exclusive listing agent for the property during the contract term and any option periods. Terranova does cooperate with tenant's agents, but payment terms are negotiated by Terranova and paid by and out of TerrEmova's leasing commission; • The leasing contract shall be guaranteed for 6 months; 9 At the natural expiration of the contract or upon notice of early termination, the agent shall supply the City with a list of any active negotiations (the "Protected Prospects"). City will agree to pursue leases with those Protected Prospects in good faith (good faith to be further defined in the contract) and Terranova shall earn a full commission on any lease executed witb a protected prospect during the 12 month period after the contract terminates. • Leasing agent shall provide a monthly update report on leasing status. Marketing • City shall reimburse Terranova for any marketing expenses related to mailings, signage, advertising or marketing events; • However, there shall be an aggregate cap on the total reimbursements. of $8,000 during any 12-month period; • Any marketing expense above an aggregate cap shall be borne by Terranova. Property Management • $5,000 per month plus the reimbursement of the portion of an on -site property manager's salary and benefits (estimated at no ,more than $15,000/year). • The management contract shall be guaranteed for 6 months; • The term of the management agreement shall begin concurrently with the execution of the first lease at the ProjecE 0 c.= Terranova Corporation • 801 Arthur Godfrey Road, Suite 600 • Miami Beach, Florida 03140 • Telephone (305) 895-8700 • Fax (305) 072-7800 Licensed Real Estate Broker W_Yv ,t,tarrAllOY rICOr I) cora :70 Leasing & Market Research Services Marketing , Proposed Fee 'Structu re •• $5,000 flat monthly fee during months 1-6 of Leasing Services. This fee is inclusive of all services including: o Research on other ballpark -related projects in other cities; o A comprehensive market survey and corresponding competitive mark analysis and report; o A competitive use analysis and report; o Periodic attendance at meetings or hearings of the stakeholders; Active marketing of the of the listings. Begu ng with the 6th month, a $5,000 monthly retainer which may be. fset by future leasing commissions. A 6% co nssion on the net rental value (up to 10 years of term) of an ly executed'lease. • Preapproved o -of-pocket expenses • If the contract is Tnlnated before the end of the 12th month, a $20,000 fee will b harged to compensate proposer for its considerable startup enses. $10,000 Upfront Budget foJgnage, mailings, window signs and other marketing mateiiais d a kickoff broker's event; Beginning in the 2"d month, $ , i0 per month continuing until the retail bays are fully leased. The greater of 4% of gross project reven or $5,000 per month plus the reimbursement of the portion ° a •n-site property manager's salary and benefits (estimated at moie than $1 5,000/year). If specialized accounting software is required; th4 >roposer's' reasonable costs to purchase the software and train scounting staff must be reimbursed. Terranova's accounting s currently operate and are trained in Yardi software. If the contract is terminated before the end of the 12th mo $20,000 fee will be charged to compensate proposer for it considerable a u expenses. Terranova Corporation • 801 Arthur Godfrey Road, Suite 000 • Miami Bench, Florida 33140 • Telephone (305) 6956700 • Fax (305) 672-7800 Licensed Real Estate Broker WWw.terranovacorp.com CITY OF MIAMI, FLORIDA INTER -OFFICE MEMORANDUM • TO: FROM: . Ilonorable Mayor and City Commissioners Jolrn ny Martinez, City Manager DATE : FILE July 19, 2011 SUBJECT; Emergency Finding: Marlin's Stadium Parking Garage Retail Spaces RFLI 275273 REFERENCES: July 28, 2011, Conunission Agenda ENCLOSURES: Evaluation Committee Findings BACKGROUND The City of Miami is currently completing construction of the four Marlin's Stadium (Staclilun) Parking Garages. Three of the four parking garages have retail spaces totaling 53,281 SF available to be leased. The Stadium is currently set to open on April 4, 2012. In order for a leasing consultant to successfully lease these retail spaces in advance of the April 4, 2012, Stadium opening, as much as is practicable, the maximum amount of time is required. As there are no City Commission meetings currently scheduled during the month of August 2011, an expedited informal Request for Letters of Interest (RFLI) for Real Estate Leasing and/or Property Management Services 275273 was initiated by and through the Departments of Purchasing and Public Facilities. This RFLI was not advertised in a newspaper. of general circulation as required by Section 18-85(d) of the City of Miami Procurement Code. Doing so. would have made it impossible to bring a formal award recommendation for approval by the City Commission in advance of September 2011. FINDING The Administration finds and determines that it is in the best interest of the City to waive competitive sealed bidding procedures and to utilize competitive negotiations in order to secure the services of a qualified real estate leasing and property management consultant for the Stadilun parking garages. An informal competitive negotiations process was utilized to solicit qualified fines and to negotiate an agreement. Two firms submitted Letters of Interest in response to informal Request for Letters of Interest (RFLI) for Real Estate Leasing and/or Property Management Services 275273. An Evaluation Committee appointed by the City Manager met on Monday, July 18, 2011, and ranked Terranova Corporation as the most qualified firm for the project. Subsequently, Terranova was engaged in contract negotiations in order to finalize an agreement that is the most advantageous for the City based on a combination of qualifications and experience, approach and methodology and compensation. It is respectfully recommended that the City Commission adopt the attached Resolution by a 4/5t' affirmative vote, ratifying, approving and confirming this Emergency Finding. Thank you. CITY OF MIAMI, FLORIDA INTER -OFFICE MEMORANDUM TO: Johnny Martinez, P.E. City Manager FROM \ \ Alice Bravo, Chair Evaluation Committee DATE: SUBJECT: REFERENCES: ENCLOSURES: July 19, 2011 FILE : Recommendation of Evaluation Committee for Informal RFLI 275273: Real Estate Leasing and/or Property Management Services for the Marlins Stadium Parking Garage Retail Spaces As Chairperson of the Evaluation Committee ("Committee") for the above services for the City of Miami, it is my responsibility to offer the findings and recommendation of the Committee. The City issued Informal .RFLI 275273 for Real Estate Leasing and/or Property Management Services for the Marlins Stadium Parking Garage Retail Spaces on July 8, 2011 and the two (2) Proposals received on •July 15, 2011 were deemed responsive. The Evaluation Committee ("Committee"), appointed by the City Manager, met on July 18, 2011 and was comprised of the following individuals: 1. Alice Bravo (Chair), Chief of Infrastructure, City of Miami 2. Bruno Barreiro, Miami -Dade County Commissioner 3. Adrian Songer, Miami -Dade County Aviation Department 4. Madeline Valdes, Director, Public Facilities Department, City of Miami 5. Tony Fraga, Fraga Capital Partners Following discussion, evaluation and deliberation of the two proposals received, the Committee ranked the firms as follows: 1. Terranova Corporation 2. NAI Miami Commercial Real Estate Services Worldwide The Evaluation Committee recommends that the City negotiate with the top ranked firm, Terranova Corporation. Should negotiations fail with Terranova Corporation, the Evaluation Committee recommends to commence negotiations with the second ranked firm, NAI Miami Commercial Real Estate Services Worldwide. Upon successful contract negotiations, the recommendation from the City Manager to the City Commission• seeking permission to authorize and execute the professional services agreement will be presented at the next available meeting. Your signature below represents your approval of the Committee's recommendation. APPROVED: John QjMartinez, P.E., ity Man-'er DATE: 7 - cJ i1 Real Estate Leasing and/or Property Management Services Informal RFLI 275273 Master Evaluation Form Evaluator PROPOSER Overall Qualifications and Experience: Approach and Methodology: Compensation Proposal: Oral Presentation: TOTAL POINTS Ordinal Ranking r 5k,• � _ rf Y' 35� r 4.... r.............u#',. �,y304� tL ...; it 3h.u., .., 20x :• 15 } - • _- _ 100 z Alice Bravo NAI Miami Commercial Real Estate Services Worldwide 26 26 20 12 ' 84LL 2 Terranova Corporation 30 28 18 15 91 L 1, Bruno Barreiro NAI Miami Commercial Real Estate Services Worldwide 30 20 15 10 75 ,-2 Terranova Corporation 30 25 10 15 80 < 1 Madeline Adrian Valdes Songer NAI Miami Commercial Real Estate Services Worldwide 33 29 18 12 -- : 92 ;'1 Terranova Corporation 30 25 17 14 86 '2_ NAI Miami Commercial Real Estate Services Worldwide 29 20 15 7 71- Terranova Corporation 32 29 13 12 gym. 86: „; :1 o m NAI Miami Commercial Real Estate Services Worldwide 35 20 16 8 79- 2 r Terranova Corporation 35 25 15 12 87 =, - ` 1, FINAL RESULTS AND RANKING 1st Ranked 2nd Ranked Terranova Corporation.• cn c c -2 'o O a- NAI Miami Commercial Real Estate Services Worldwide 9 401 1 CITY OF MIAMI, FLORIDA INTER -OFFICE MEMORANDUM TO: FROM: Johnny Martinez, P.E. City Manager DATE : July 18, 2011 FILE : SUBJECT: Recommendation of Evaluation Committee for RFLI 275273 Real Estate Leasing and/or Property REFERENCES : Management Services Madeline Valdes, Director Dept. of Public Facilities ENCLOSURES: This memorandum is seeking your approval for appointments to the Evaluation Committee for the selection of a qualified firm to provide real estate leasing and/or property management services for the City in connection with the Marlins Stadium Parking Garage Retail Space in response to a Request for Letters of Interest. Each of these individuals is knowledgeable and experienced professional, and will be an asset to this evaluation process. Pursuant to Ordinance 12271, Section 18-86, (C)(6) Proposal Evaluation, "An evaluation committee shall be appointed by the City Manager for the purpose of evaluating Proposals based upon the criteria contained in the RFP, RFLI or RFQ..." Those individuals are: Bruno A. Barreiro, County Commissioner, District 5 Alice Bravo, Assistant City Manager Antonio C. Fraga, President of Fraga Capital Partners Adrian Songer, Chief of Airport Concession, Business Development at MIA Madeline Valdes, Director, Department of Public Facilities Your signature below affirms your appointment of these individuals to become Evaluation/Selection Committee members. APPROVED: Johi Martinez, P City anager DATE: /"����� cc: Kenneth Robertson, Director, Purchasing Department AB/MV Iit rif .. ,0tarot KENNETH ROBERTSON Chief Procurement Officer ADDENDUM NO. 1 RFLI No. 275273 July 14, 2011 JOHNNY MARTINEZ, P.E. City Manager Informal Request for Letters of Interest (RFLI) for Real Estate Leasing and/or Property Management Services TO: ALL PROSPECTIVE PROPOSERS: The following changes, additions, clarifications, and deletions amend the RFLI documents of the above captioned RFLI, and shall become an integral part of the Contract Documents. Words and/or figures stricken through shall be deleted. Underscored words and/or figures shall be added. The remaining provisions are now in effect and remain unchanged. Please note the contents herein and reflect same on the documents you have on hand. The following Sections of the RFLI document has been amended as indicated below: 2.20. EVALUATION/SELECTION PROCESS AND CONTRACT AWARD (6) Proposers shall be required to make oral evaluation process. The presentations shall Monday and/or Tuesday, July 18-19, 2011, later than the end of day on July 15, 2011. 3.1. SPECIFICATIONS/SCOPE OFWORK: — presentations before the Evaluation Committee as part of the be recorded and are currently scheduled to take place either Final dates and times will be provided by addendum. by no IV. PROPERTY MANAGEMENT SERVICES (Optional) The City reserves the right to award or not to award these optional services in its sole discretion. 5.1. EVALUATION CRITERIA Individual Evaluation Committee (Committee) members will evaluate proposals based on the 100% evaluation criteria defined herein. These individual numerical scores, per Committee member, will then be converted into ordinal ranking numbers (1, 2, 3, 4, 5, etc.), from highest to lowest, with the highest numerical score receiving the 1 ordinal ranking. Tied numerical scores will receive the same ordinal number and succeeding ordinal numbers will be skipped to offset the total number of scores that were tied (1, 1, 3, 4, 5, etc.; 1, 2, 2, 2, 5, etc.). Ordinal scores for all Committee members will then be totaled in the aggregate. The proposer who receives the lowest total overall ordinal score will be the highest rank proposer. The proposer who receives the second lowest total ordinal score will be the second highest rank proposer, etc. ALL OTHER TERMS AND CONDITIONS OF THE RFLI REMAIN THE SAME. cerely, KR/ ms Cc: RFLI File rg.Kenneth ertson Director/Chief Procurement Officer Page 1 City ®f m if 9 f 13� IX ,��'� i /d tni Request for Letters of Interest (RFLI) Purchasing Department Miami Riverside Center 444 SW 2nd Avenue, 6th Floor Miami, Florida 33130 Web Site Address: http://ci.miami.fl.us/procurement RFLI Number: Title: Issue Date/Time: RFLI Closing Date/Time: Pre -Bid Conference: Pre -Bid Date/Time: Pre -Bid Location: Deadline for Request for Clarification: Buyer: Hard Copy Submittal Location: Buyer E-Mail Address: Buyer Facsimile: 275273,1 Informal RFLI for Real Estate Leasing and/or Property Management Services 14-JUL-2011 07/15/2011 @ 10:00:00 None Wednesday, July 13, 2011 at 10:00 a.m. Suarez, Maritza City of Miami - City Clerk 3500 Pan American Drive Miami FL 33133 US msuarez(a�ci.miami.fl.us (305) 400-5025 Page 1 of 35 Certification Statement Please quote on this form, if applicable, net prices for the item(s) listed. Return signed original and retain a copy for your files. Prices should include all costs, including transportation to destination. The City reserves the right to accept or reject all or any part of this submission. Prices should be firm for a minimum of 180 days following the time set for closing of the submissions. In the event of errors in extension of totals, the unit prices shall govern in determining the quoted prices. We (I) certify that we have read your solicitation, completed the necessary documents, and propose to furnish and deliver, F.O.B. DESTINATION, the items or services specified herein. . The undersigned hereby certifies that neither the contractual party nor any of its principal owners or personnel have been convicted of any of the violations, or debarred or suspended as set in section 18-107 or Ordinance No. 12271. All exceptions to this submission have been documented in the section below (refer to paragraph and section). EXCEPTIONS: We (I) certify that any and all infouuation contained in this submission is true; and we (I) further certify that this submission is made without prior understanding, agreement, or connection with any corporation, firm, or person submitting a submission for the same materials, supplies, equipment, or service, and is in all respects fair and without collusion or fraud. We (I) agree to abide by all terms and conditions of this solicitation and certify that I am authorized to sign this submission for the submitter. Please print the following and sign your name: SUPPLIER NAME. ADDRESS PHONE: FAX. EMAIL: BEEPER. SIGNED BY• TITLE: DATE. FAILURE TO COMPLETE. SIGN, AND RETURN THIS FORM SHALL DISOUALIFY THIS BID. Page 2 of 35 Request for Letters of Interest (I<YLI) 275273,1 Table of Contents Terms and Conditions 4 1. General Conditions 4 1.1. GENERAL TERMS AND CONDITIONS 4 2. Special Conditions 22 2.1. PURPOSE 22 2.2. DEADLINE FOR RECEIPT OF REQUEST FOR ADDITIONAL INFORMATION/CLARIFICATION 22 2.3. METHOD OF AWARD 72 2.4. TERM OF CONTRACT �2 2.5. CONDITIONS FOR RENEWAL 77 2.6. NON -APPROPRIATION OF FUNDS 22 2.7. MINIMUM QUALIFICATIONS 22 2.8. CONTRACT EXECUTION 23 2.9. FAILURE TO PERFORM .23 2.10. INSURANCE REQUIREMENTS 23 2.11. PRE-BID/PRE-PROPOSAL CONFERENCE 25 2.12. CONTRACT ADMINISTRATOR 75 2.13. SUBCONTRACTOR(S) OR SUBCONSULTANT(S) 25 2.14. TERMINATION 25 2.15..ADDITIONAL TERMS AND CONDITIONS 26 2.16. PRIMARY CLIENT (FIRST PRIORITY) 26 2.17. UNAUTHORIZED WORK 26 2.18. CHANGES/ALTERAT1ONS 26 2.19. COMPENSATION PROPOSAL "6 2.20. EVALUATION/SELECTION PROCESS AND CONTRACT AWARD 26 2.21. ADDITIONAL SERVICES 77 2.22. RECORDS 77 2.23. TRUTH IN NEGOTIATION CERTIFICATE 77 3. Specifications �9 3.1. SPECIFICATIONS/SCOPE OF WORK 29 4. Submission Requirements 33 4.1. SUBMISSION REQUIREMENTS 33 5. Evaluation Criteria 35 5:1. EVALUATION CRITERIA 35 Page 3 of 35 Kequest for Letters or interest txt,L1) 275273,1 Terms and Conditions 1. General Conditions 1.1. GENERAL TERMS AND CONDITIONS Intent: The General Terms and Conditions described herein apply to the acquisition of goods/equipment/services with an estimated aggregate cost of 525,000.00_or more. Definition: A formal solicitation is defined as issuance of an Invitation for Bids, Request for Proposals, Request for Qualifications, or Request for Letters of Interest pursuant to the City of Miami Procurement Code and/or Florida Law, as amended. Formal Solicitation and Solicitation shall be defined in the same manner herein. 1.1. ACCEPTANCE OF GOODS OR EQUIPMENT - Any good(s) or equipment delivered under this fonnal solicitation, if applicable, shall remain the property of the seller until a physical inspection and actual usage of the good is made, and thereafter is accepted as satisfactory to the City. It must comply with the terms herein and be fully in accordance with specifications and of the highest quality. In the event the goods/equipment supplied to the City are found to be defective or does not conform to specifications, the City reserves the right to cancel the order upon written notice to the Contractor and return the product to the Contractor at the Contractor's expense. 1.2. ACCEPTANCE OF OFFER - The signed or electronic submission of your solicitation response shall be considered an offer on the part of the bidder/proposer; such offer shall be deemed accepted upon issuance by the City of a purchase order. 1.3. ACCEPTANCE/REJECTION — The City reserves the right to accept or reject any or all responses or parts of after opening/closing date and request re -issuance on the goods/services described in the formal solicitation. In the event of such rejection, the Director of Purchasing shall notify all affected bidders/proposers and make available a written explanation for the rejection. The City also reserves the right to reject the response of any bidder/proposer who has previously failed to properly perform under the terms and conditions of a contract, to deliver on time contracts of a similar nature, and who is not in a position to perform the requirements defined in this formal solicitation. The City further reserves the right to waive any irregularities or minor informalities or technicalities in any or all responses and may, at its discretion, re -issue this formal solicitation. 1.4. ADDENDA — It is the bidder's/proposer's responsibility to ensure receipt of all Addenda. Addenda are available at the City's website at: http://www.ci.miami.fl.us/procurement 1.5. ALTERNATE RESPONSES MAY BE CONSIDERED - The City may consider one (1) alternate response from the same Bidder/Proposer for the same formal solicitation; provided, that the alternate response offers a different product that meets or exceeds the formal solicitation requirements. In order for the City to consider an alternate response, the Bidder/Proposer shall complete a separate Price Sheet form and shall mark "Alternate Response". Alternate response shall be placed in the same response. This provision only applies to formal solicitations for the procurement of goods, services, items, equipment, materials, and/or supplies. 1.6. ASSIGNMENT - Contractor agrees not to subcontract, assign, transfer, convey, sublet, or otherwise dispose of the resulting Contract, or any or all of its right, title or interest herein, without City of Miami's prior written consent. 1.7. ATTORNEY'S FEES - In connection with any litigation, mediation and arbitration arising out of this Contract, the prevailing party shall be entitled to recover its costs and reasonable attorney's fees through and including appellate litigation and any post judgment proceedings. 1.8. AUDIT RIGHTS AND RECORDS RETENTION - The Successful Bidder/Proposer agrees to provide access at all reasonable times to the City, or to any of its duly authorized representatives, to any books, documents, papers, and records of Contractor which are directly pertinent to this formal solicitation, for the purpose of audit, examination, excerpts, and transcriptions. The Successful Bidder/Proposer shall maintain and retain any and all of the books, documents, papers and records pertinent to the Contract for Page 4 of 35 xequest tor Letters (it interest. trcrL1) 275273,1 three (3) years after the City makes final payment and all other pending matters are closed. Contractor's failure to or refusal to comply with this condition shall result in the immediate cancellation of this contract by the City. 1.9. AVAILABILITY OF CONTRACT STATE-WIDE - Any Governmental, not -for -profit or quasi -governmental entity in the State of Florida, may avail itself of this contract and purchase any and all goods/services, specified herein from the successful bidder(s)/proposer(s) at the contract price(s) established herein, when permissible by federal, state, and local laws, rules, and regulations. Each Governmental, not -for -profit or quasi -governmental entity which uses this formal solicitation and resulting bid contract or agreement will establish its own contract/agreement, place its own orders, issue its own purchase orders, be invoiced there from and make its own payments, determine shipping terms and issue its own exemption certificates as required by the successful bidder(s)/proposer(s). 1.10. AWARD OF CONTRACT: A. The Formal Solicitation, Bidder's/Proposer's response, any addenda issued, and the purchase order shall constitute the entire contract, unless modified in accordance with any ensuing contract/agreement, amendment or addenda. B. The award of a contract where there are Tie Bids will be decided by the Director of Purchasing or designee in the instance that Tie Bids can't be detennined by applying Florida Statute 287.087, Preference to Businesses with Drug -Free Workplace Programs. C. The award of this contract may be preconditioned on the subsequent submission of other documents as specified in the Special Conditions or Technical Specifications. Bidder/Proposer shall be in default of its contractual obligation if such documents are not submitted in a timely manner and in the form required by the City. Where Bidder/Proposer is in default of these contractual requirements, the City, through action taken by the Purchasing Department, will void its acceptance of the Bidder's/Proposer's Response and may accept the Response from the next lowest responsive, responsible Bidder or Proposal most advantageous to the City or re -solicit the City's requirements. The City, at its sole discretion, may seek monetary restitution from Bidder/Proposer and its bid/proposal bond or guaranty, if applicable, as a result of damages or increased costs sustained as a result of the Bidder's/Proposer's default. D. The term of the contract shall be specified in one of three documents which shall be issued to the successful Bidder/Proposer. These documents may either be a purchase order, notice of award and/or contract award sheet. E. The City reserves the right to automatically extend this contract for up to one hundred twenty (120) calendar days beyond the stated contract term in order to provide City departments with continual service and supplies while a new contract is being solicited, evaluated, and/or awarded. If the right is exercised, the City shall notify the Bidder/Proposer, in writing, of its intent to extend the contract at the same price, teens and conditions for a specific number of days. Additional extensions over the first one hundred twenty (120) day extension may occur, if, the City and the Successful Bidder/Proposer are in mutual agreement of such extensions. F. Where the contract involves a single shipment of goods to the City, the contract term shall conclude upon completion of the expressed or implied warranty periods. G. The City reserves the right to award the contract on a split -order, lump sum or individual -item basis, or such combination as shall best serve the interests of the City unless otherwise specified. H. A Contract/Agreement may be awarded to the Bidder/Proposer by the City Commission based upon the minimum qualification requirements reflected herein. As a result of a RFP, RFQ, or RFLI, the City reserves the right to execute or not execute, as applicable, an Agreement with the Proposer, whichever is determined to be in the City's best interests. Such agreement will be furnished by the City, will contain certain terms as are in the City's best interests, and will be subject to approval as to legal form by the City Attorney. 1.11. BID BOND/ BID SECURITY - A cashier's or certified check, or a Bid Bond signed by a recognized surety company thatis licensed to do business in the State of Florida, payable to the City of Miami, for the amount bid is required from all bidders/proposers, if so indicated under the Special Conditions. This check or bond guarantees that a bidder/proposer will accept the order or contract/agreement, as bid/proposed, if it is awarded to bidder/proposer. Bidder/Proposer shall forfeit bid deposit to the City should City award Page 5 of 35 Request tor Letters of Interest (icrLi) 275273,1 contract/agreement to Bidder/Proposer and Bidder/Proposer fails to accept the award. The City reserves the right to reject any and all -surety tendered to the City. Bid deposits are returned to unsuccessful bidders/proposers within ten (10) days after the award and successful bidder's/proposer's acceptance of award. if sixty (60) days have passed after the date of the formal solicitation closing date, and no contract has been awarded, all bid deposits will be returned on demand. 1.12. RESPONSE FORM (HARDCOPY FORMAT) - All forms should be completed, signed and submitted accordingly. 1.13. BID SECURITY FORFEITED LIQUIDATED DAMAGES - Failure to execute an Agreement and/or file an acceptable Performance Bond, when required, as provided herein, shall be just cause for the annulment of the award and the forfeiture of the Bid Security to the City, which forfeiture shall be considered, not as a penalty, but in mitigation of damages sustained. Award may then be made to the next lowest responsive, responsible Bidder or Proposal most advantageous to the, City or all responses may be rejected. 1.14. BRAND NAMES - If and wherever in the specifications brand names, makes, models, names of any manufacturers, trade names, or bidder/proposer catalog numbers are specified, it is for the purpose of establishing the type, function, minimum standard of design, efficiency, grade or quality of goods only. When the City does not wish to rule out other competitors' brands or makes, the phrase "OR EQUAL" is added. When bidding/proposing an approved equal, Bidders/Proposers will submit, with their response, complete sets of necessary data (factory information sheets, specifications, brochures, etc.) in order for the City to evaluate and determine the equality of the item(s) bid/proposed. The City shall be the sole judge of equality and its decision shall be final. Unless otherwise specified, evidence in the form of samples may be requested if the proposed brand is other than specified by the City. Such samples are to be furnished after formal solicitation opening/closing only upon request of the City. If samples should be requested, such samples must be received by the City no later than seven (7) calendar days after a formal request is made. 1.15. CANCELLATION - The City reserves the right to cancel all formal solicitations before its opening/closing. In the event of bid/proposal cancellation, the Director of Purchasing shall notify all prospective bidders/proposers and make available a written explanation for the cancellation. 1.16. CAPITAL EXPENDITURES - Contractor understands that any capital expenditures that the fuin makes, or prepares to make, in order to deliver/perform the goods/services required by the City, is a business risk which the contractor must assume. The City will not be obligated to reimburse amortized or unamortized capital expenditures, or to maintain the approved status of any contractor. If contractor has been unable to recoup its capital expenditures during the time it is rendering such goods/services, it shall not have any claim upon the City. 1.17. CITY NOT LIABLE FOR DELAYS - It is further expressly agreed that in no event shall the City be liable for, or responsible to, the Bidder/Proposer/Consultant, any sub-contractor/sub-consultant, or to any other person for, or on account of, any stoppages or delay in the work herein provided for by injunction or other legal or equitable proceedings or on account of any delay for any cause over which the City has no control. 1.18. COLLUSION —Bidder/Proposer, by submitting a response, certifies that its response is made without previous understanding, agreement or connection either with any person, fain or corporation submitting a response for the same items/services or with the City of Miami's Purchasing Department or initiating department. The Bidder/Proposer certifies that its response is fair, without control, collusion, fraud or other illegal action. Bidder/Proposer certifies that it is in compliance with the Conflict of Interest and Code of Ethics Laws. The City will investigate all potential situations where collusion may have occurred and the City reserves the right to reject any and all bids/responses where collusion may have occurred. 1.19. COMPLIANCE WITH FEDERAL, STATE AND LOCAL LAWS - Contractor understands that contracts between private entities and local governments are subject to certain laws and regulations, including laws pertaining to public records, conflict of interest, records keeping, etc. City and Contractor agree to comply with and observe all applicable laws, codes and ordinances as that may in any way affect the goods or equipment offered, including but not limited to: A. Executive Order 11246, which prohibits discrimination against any employee, applicant, or client because of race, creed, color, national origin, sex, or age with regard to, but not limited to, the following: employment practices, rate of pay or other compensation methods, and training selection. Page 6 of 35 xequest for Letters or interest �itrL,i) 275273,1 B. Occupational, Safety and Health Act (OSHA), as applicable to this Formal Solicitation. C. The State of Florida Statutes, Section 287.133(3)(A) on Public Entity Crimes. D. Environment Protection Agency (EPA), as applicable to this Formal Solicitation. E. Uniform Commercial Code (Florida Statutes, Chapter 672). F. Americans with Disabilities Act of 1990, as amended. G. National Institute of Occupational Safety Hazards (N1OSH), as applicable to this Formal Solicitation. H. National Forest Products Association (NFPA), as applicable to this Formal Solicitation. I. City Procurement Ordinance City Code Section 18, Article 111. J. Conflict of Interest, City Code Section 2-611;61. K. Cone of Silence, City Code Section 18-74. L. The Florida Statutes Sections 218.73 and 218.74 on Prompt Payment. M. First Source Hiring Agreement, City Ordinance No. 10032, as applicable to this Formal Solicitation. Implemented to foster the creation of new and pennanent jobs for City of Miami residents; requires as a condition precedent to the execution of service contracts including professional services. Lack of knowledge by the bidder/proposer will in no way be a cause for relief from responsibility. Non-compliance with all local, state, and federal directives, orders, and laws may be considered grounds for termination of contract(s). Copies of the City Ordinances may be obtained from the City Clerk's Office. 1.20. CONE OF SILENCE - Pursuant to Section 18-74 of the City of Miami Code, a "Cone of Silence" is imposed upon each RFP, RFQ, RFLI, or IFB after advertisement and terminates at the time the City Manager issues a written recommendation to the Miami City Commission. The Cone of Silence shall be applicable only to Contracts for the provision of goods and services and public works or improvements for amounts greater than $200,000. The Cone of Silence prohibits any communication regarding RFPs, RFQs, RFLI or IFBs (bids) between, among others: Potential vendors, service providers, bidders, lobbyists or consultants and the City's professional staff •including, but not limited to, the City Manager and the City Manager's staff; the Mayor; City • Commissioners, or their respective staffs and any member of the respective selection/evaluation committee. The provision does not apply to, among other communications: oral communications with the City purchasing staff, provided the communication is limited strictly to matters of process or procedure already contained in the formal solicitation document; the provisions of the Cone of Silence do not apply to oral communications at duly noticed site visits/inspections, pre -proposal or pre -bid conferences, oral presentations before selection/evaluation committees, contract negotiations during any duly noticed public meeting, or public presentations made to the Miami City Commission during a duly noticed public meeting; or communications in writing or by email at any time with any City employee, official or member of the City Commission unless specifically prohibited by the applicable RFP, RFQ, RFLI or IFB (bid) documents (See Section 2.2. of the Special Conditions); or communications in connection with the collection of industry comments or the performance of market research regarding a particular RFP, RFQ, RFLI OR IFB by City Purchasing staff. Proposers or bidders must file a copy of any written communications with the Office of the City Clerk, which shall be made available to any person upon request. The City shall respond in writing and file a copy with the Office of the City Clerk, which shall be made available to any person upon request. Written communications may be in the form of e-mail, with a copy to the Office of the City Clerk. In addition to any other penalties provided by law, violation of the Cone of Silence by any proposer or bidder shall render any award voidable. A violation by a particular Bidder, Proposer, Offeror, Respondent, lobbyist or consultant shall subject same to potential penalties pursuant to the City Code. Any person having personal knowledge of a violation of these provisions shall report such violation to the State Attorney and/or may file a complaint with the Ethics Commission. Proposers or bidders should reference Section 18-74 of the City of Miami Code for further clarification. Page 7 of 35 Kequest for Letters or Interest �1Ct'Ll) 275273,1 This language is only a summary of the key provisions of the Cone of Silence. Please review City of Miami Code Section 18-74 for a complete and thorough description of the Cone of Silence. You may contact the City Clerk at 305-250-5360, to obtain a copy of same. 1.21. CONFIDENTIALITY - As a political subdivision, the City of Miami is subject to the Florida Sunshine Act and Public Records Law. lfthis Contract/Agreement contains a confidentiality provision, it shall have no application when disclosure is required by Florida law or upon court order. 1.22. CONFLICT OF INTEREST — Bidders/Proposers, by responding to this Formal Solicitation, certify that to the hest of their knowledge or belief, no elected/appointed official or employee of the City of Miami is financially interested, directly or indirectly, in the purchase of goods/services specified in this Formal Solicitation. Any such interests on the part of the Bidder/Proposer or its employees must be disclosed in writing to the City. Further, you must disclose the name of any City employee who owns, directly or indirectly, an interest of five percent (5%) or more of the total assets of capital stock in your firnn. A. Bidder/Proposer further agrees not to use or attempt to use any knowledge, property or resource which may be within his/her/its trust, or perform his/her/its duties, to secure a special privilege, benefit, or exemption for himself/herself/itself, or others. Bidder/Proposer may not disclose or use information not available to members of the general public and gained by reason of his/her/its position, except for information relating exclusively to governmental practices, for his/her/its personal gain or benefit or for the personal gain or benefit of any other person or business entity. B. Bidder/Proposcr hereby acknowledges that he/she/it has not contracted or transacted any business with the City or any person or agency acting for the City, and has not appeared in representation of any third party before any board, commission or agency of the City within the past two years. Bidder/Proposer further warrants that he/she/it is not related, specifically the spouse, son, daughter, parent, brother or sister, to: (i) any member of the commission; (ii) the mayor; (iii) any city employee; or (iv) any member of any board or agency of the City. C. A violation of this section may subject the Bidder/Proposer to immediate termination of any professional services agreement with the City, imposition of the maximum fine and/or any penalties allowed by law. Additionally, violations may be considered by and subject to action by the Miami -Dade County Commission on Ethics. 1.23. COPYRIGHT OR PATENT RIGHTS — Bidders/Proposers warrant that there has been no violation of copyright or patent rights in manufacturing, producing, or selling the goods shipped or ordered and/or services provided as a result of this formal solicitation, and bidders/proposers agree to hold the City hornless from any and all liability, loss, or expense occasioned by any such violation. 1.24. COST INCURRED BY BIDDER/PROPOSER - All expenses involved with the preparation and submission of Responses to the City, or any work performed in connection therewith shall be borne by the Bidder(s)/Proposer(s). 1.25. DEBARMENT AND SUSPENSIONS (Sec 18-107) (a) Authority and requirement to debar and suspend. After reasonable notice to an actual or prospective Contractual Party, and after reasonable opportunity for such party to be heard, the City Manager, after consultation with the Chief Procurement Officer and the city attorney, shall have the authority to debar a Contractual Party, for the causes listed below, from consideration for award of city Contracts. The debarment shall be for a period of not fewer than three years. The City Manager shall also have the authority to suspend a Contractual Party from consideration for award of city Contracts if there is probable cause for debarment, pending the debarment determination. The authority to debar and suspend contractors shall be exercised in accordance with regulations which shall be issued by the Chief Procurement Officer after approval by the City Manager, the city attorney, and the City Commission. (b) Causes for debarment or suspension. Causes for debarment or suspension include the following: (1) Conviction for commission of a criminal offense incident to obtaining or attempting to obtain a public or private Contract or subcontract, or incident to the performance of such Contract or subcontract. (2) Conviction under state or federal statutes of embezzlement, theft, forgery, bribery, falsification or destruction of records, receiving stolen property, or any other offense indicating a lack of business integrity or business honesty. Page 8 of 35 Request for Letters of interest (Kr1.,1) 275273,1 (3) Conviction under state or federal antitrust statutes arising out of the submission of Bids or Proposals. (4) Violation of Contract provisions, which is regarded by the Chief Procurement Officer to be indicative of nonresponsibility. Such violation may include failure without good cause to perform in accordance with the terms and conditions of a Contract or to perform within the time limits provided in a Contract, provided that failure to perform caused by acts beyond the control of a party shall not be considered a basis for.debannent or suspension. (5) Debarment or suspension of the Contractual Party by any federal, state or other governmental entity. (6) False certification pursuant to paragraph (c) below. (7) Found in violation of a zoning ordinance or any other city ordinance or regulation and for which the violation remains noncompliant. (8) Found in violation of a zoning ordinance or any other city ordinance or regulation and for which a civil penalty or fine is due and owing to the city. (9) Any other cause judged by the City Manager to be so serious and compelling as to affect the responsibility of the Contractual Party perfoiining city Contracts. (c) Certification. All Contracts for goods and services, sales, and leases by the'city shall contain a certification that neither the Contractual Party nor any of its principal owners or personnel have been convicted of any of the violations set forth above or debarred or suspended as set forth in paragraph(b)(5). (d) Debarment and suspension decisions. Subject to the provisions of paragraph (a), the City Manager shall render a written decision stating the reasons for the debarment or suspension. A copy of the decision shall be provided promptly to the Contractual Party, along with a notice of said party's right to seek judicial relief. 1.26. DEBARRED/SUSPENDED VENDORS —An entity or affiliate who has been placed on the State of Florida debarred or suspended vendor list may not submit a response on a contract to provide goods or services to a public entity, may not submit a response on a contract with a public entity for the construction or repair of a public building or public work, may not submit response on leases of real property to a public entity, may not award or perform work as a contractor, supplier, subcontractor, or consultant under contract with any public entity, and may not transact business with any public entity. 1.27. DEFAULT/FAILURE TO PERFORM The City shall be the sole judge of nonperfoirnance, which shall include any failure on the part of the successful Bidder/Proposer to accept the award, to furnish required documents, and/or to fulfill any portion of this contract within the time stipulated. Upon default by the successful Bidder/Proposer to meet any terms of this agreement, the City will notify the Bidder/Proposer of the default and will provide the contractor three (3) days (weekends and holidays excluded) to remedy the default. Failure on the contractor's part to correct the default within the required three (3) days shall result in the Contract being terminated and upon the City notifying in writing the contractor of its intentions and the effective date of the termination. The following shall constitute default: A. Failure to perform the work or deliver the goods/services required under the Contract and/or within the time required or failing to use the subcontractors, entities and personnel as identified and set forth, and to the degree specified in the Contract. B. Failure to begin the work under this Contract within the time specified. C. Failure to perfonn the work with sufficient workers and equipment or with sufficient materials to ensure timely completion. D. Neglecting or refusing to remove materials or perform new work where prior work has been rejected as nonconforming with the terns of the Contract. E. Becoming insolvent, being declared bankrupt, or committing any act of bankruptcy or insolvency, or making an assignment for the benefit of creditors, if the insolvency, bankruptcy, or assignment renders the successful Bidder/Proposer incapable of performing the work in accordance with and as required by the Contract. Page 9 of 35 rcequesi 101 L,euers ui 1111c1csi 275273,1 F. Failure to comply with any of the terms of the Contract in any material respect. All costs and charges incurred by the City as a result of a default or a default incurred beyond the time limits stated, together with the cost of completing the work, shall be deducted from any monies due or which may become due on this Contract. 1.28. DETERMINATION OF RESPONSIVENESS - Each Response will be reviewed to determine if it is responsive to the submission requirements outlined in the Formal Solicitation. A "responsive" response is one which follows the requirements of the formal solicitation, includes all documentation, is submitted in the format outlined in the formal solicitation, is of timely submission, and has appropriate signatures as required on each document. Failure to comply with these requirements may deem a Response non -responsive. 1.29. DISCOUNTS OFFERED DURING TERM OF CONTRACT - Discount Prices offered in the response shall be fixed after the award by the Commission, unless otherwise specified in the Special Terms and Conditions. Price discounts off the original prices quoted in the response will be accepted from successful Bidder(s)/Proposer(s) during the term of the contract. Such discounts shall remain in effect for a minimum of 120 days from approval by the City Commission Any discounts offered by a manufacturer to Bidder/Proposer will be passed on to the City. 1.30. DISCREPANCIES, ERRORS, AND OMISSIONS - Any discrepancies, errors, or ambiguities in the Formal Solicitation or addenda (if any) should be reported in writing to the City's Purchasing Department. Should it be found necessary, a written addendum will be incorporated in the Formal Solicitation and will become part of the purchase agreement (contract documents). The City will not be responsible for any oral instructions, clarifications, or other communications. A. Order of Precedence — Any inconsistency in this formal solicitation shall be resolved by giving precedence to the following documents, the first of such list being the governing documents. 1) Addenda (as applicable) 2) Specifications 3) Special Conditions 4) General Terms and Conditions 1.31. EMERGENCY / DISASTER PERFORMANCE - In the event of a hurricane or other emergency or disaster situation, the successful vendor shall provide the City with the commodities/services defined within the scope of this formal solicitation at the price contained within vendor's response. Further, successful vendor shall deliver/perform for the city on a priority basis during such times of emergency. 1.32. ENTIRE BID CONTRACT OR AGREEMENT - The Bid Contract or Agreement consists of this City of Miami Formal Solicitation and specifically this General Conditions Section, Contractor's Response and any written agreement entered into by the City of Miami and Contractor in cases involving RFPs, RFQs, and RFLIs, and represents the entire understanding and agreement between the parties with respect to the subject matter hereof and -supersedes all other negotiations, understanding and representations, if any, made by and between the parties. To the extent that the agreement conflicts with, modifies, alters.or changes any of the terms and conditions contained in the Formal Solicitation and/or Response, the Formal Solicitation and then the Response shall control. This Contract may be modified only by a written agreement signed by the City of Miami and Contractor. 1.33. ESTIMATED QUANTITIES —Estimated quantities or estimated dollars are provided for your guidance only. No guarantee is expressed or implied as to quantities that will be purchased during the contract period. The City is not obligated to place an order for any given amount subsequent to the award of this contract. Said estimates may be used by the City for purposes of determining the low bidder or most advantageous proposer meeting specifications. The City reserves the right to acquire additional quantities at the prices bid/proposed or at lower prices in this Formal Solicitation. 1.34. EVALUATION OF RESPONSES A.Rejection of Responses The City may reject a Response for any of the following reasons: 1) Bidder/Proposer fails to acknowledge receipt of addenda; Page 10 of 35 rsequesl for LeLLCIs 01 111LC1GSL 1111'1_,L) 275273,1 2) Bidder/Proposer mistates or conceals any material fact in the Response ; 3) Response does not conform to the requirements of the Fonnal Solicitation; 4) Response requires a conditional award that conflicts with the method of award; 5) Response does not include required samples, certificates, licenses as required; and, 6) Response was not executed by the Bidder's/Proposer(s) authorized agent. The foregoing is not an all inclusive list of reasons for which a Response may be rejected. The City may reject and re -advertise for all or any part of the Formal Solicitation whenever it is deemed in the best interest of the City. B. Elimination From Consideration 1) A contract shall not be awarded to any person or firnn which is in arrears to the City upon any debt or contract, or which is a defaulter as surety or otherwise upon any obligation to the City. 2) A contract may not be awarded to any person or firm which has failed to perform under the terms and conditions of any previous contract with the City or deliver on time contracts of a similar nature. 3) A contract may not be awarded to any person or film which has been debarred by the City in accordance with the City's Debarment and Suspension Ordinance. C. Determination of Responsibility 1) Responses. will only be considered from entities who are regularly engaged in the business of providing the goods/equipment/services required by the Format Solicitation. Bidder/Proposer must be able to demonstrate a satisfactory record of performance and integrity; and, have sufficient financial, material,, equipment, facility, personnel resources, and expertise to meet all contractual requirements. The terms "equipment and organization" as used herein shall be construed to mean a fully equipped and well established entity in line with the best industry practices in the industry as determined by the City. 2) The City may consider any evidence available regarding the fmancial, technical and other qualifications and abilities of a Bidder/Proposer, including past performance (experience) with the City or any other governmental entity in making the award. 3) The City may require the Bidder(s)/Proposer(s) to show proof that they have been designated as an authorized representative of a manufacturer or supplier which is the actual source of supply, if required by the Formal Solicitation. 1.35. EXCEPTIONS TO GENERAL AND/OR SPECIAL CONDITIONS OR SPECIFICATIONS - Exceptions to the specifications shall be listed on the Response and shall reference the section. Any . exceptions to the General or Special Conditions shall be cause for the bid (IFB) to be considered non -responsive. It also may be cause for a RFP, RFQ, or RFLI to be considered non -responsive; and, if exceptions are taken to the terms and conditions of the resulting agreement it may lead to terninating negotiations. 1.36. F.O.B. DESTINATION - Unless otherwise specified in the Formal Solicitation, all prices quoted/proposed by the bidder/proposer must be F.O.B. DESTINATION, inside delivery, with all delivery costs and charges included in the bid/proposal price, unless otherwise specified in this Formal Solicitation. Failure to do so may be cause for rejection of bid/proposal. 1.37. FIRM PRICES - The bidder/proposer warrants that prices, terms, and conditions quoted in its response will be firm throughout the duration of the contract unless otherwise specified in the Formal Solicitation. Such prices will remain firm for the period of performance or resulting purchase orders or contracts, which are to be performed or supplied over a period of time. 1.38. FIRST -SOURCE HIRING AGREEMENT (Sec. 18-105) (a) The Commission approves implementation of the first -source hiring agreement policy and requires as a condition precedent to the execution of service contracts for facilities, services, and/or receipt of grants and loans, for projects of a nature that create new jobs, the successful negotiation of first -source hiring agreements between the organization or individual receiving said contract and the authorized representative unless such an agreement is found infeasible by the city manager and such finding approved by the City Commission at a public hearing. (b) For the purpose of this section, the following terms, phrases, words and their derivations shall have the following meanings: Page 11 of 35 1\.elilleJl 101 1_,GLLe1J 011111C1eJl kl\J'L1) 275273,1 Authorized representative means the Private Industry Council of South Florida/South Florida Employment and Training Consortium, or its successor as local recipient of federal and state training and employment funds. Facilities means all publicly financed projects, including but without limitation, unified development projects, municipal public works, and municipal improvements to the extent they are financed through public money services or the use of publicly owned property. Grants'and loans means, without limitation, urban development action grants (UDAG), economic development agency construction loans, loans from Miami Capital Development, Incorporated, and all federal and state grants administered by the city. Service contracts means contracts for the procurement of services by the city which include professional services. Services includes, without limitation, public works improvements, facilities, professional services, commodities, supplies, materials and equipment. (c) The authorized representative shall negotiate each first -source hiring agreement. (d) The primary beneficiaries of the first -source hiring agreement shall be participants of the city training and employment programs, and other residents of the city. 1.39. FLORIDA MINIMUM WAGE - The Constitution of the State of Florida, Article X; Section 24, states that employers shall pay employee.wages no less than the minimum wage for all hours worked in Florida. Accordingly, it is the contractor's and its' subcontractor(s) responsibility to understand and comply with this Florida constitutional minimum wage requirement and pay its employees the current established hourly minimum wage rate, which is subject to change or adjusted by the rate of inflation using the consumer price index for urban wage earners and clerical workers, CPI-W, or a successor index as calculated by the United States Department of Labor. Each adjusted minimum wage rate calculated shall be determined and published by the Agency Workforce Innovation on September 30th of each year and take effect on the following January 1st. At the time of responding, it is bidder/proposer and his/her subcontractor(s), if applicable, full responsibility to determine whether any of its employees may be impacted by this Florida Law at any given point in time during the term of the contract. If impacted, bidder/proposer must furnish employee name(s), job title(s), job description(s), and current pay rate(s). Failure to submit this information at the time of submitting a response constitute successful bidder's/proposer's acknowledgement and understanding that the Florida Minimum Wage Law will not impact its prices throughout the term of contract and waiver of any contractual price increase request(s). The City reserves the right to request and successful bidder/proposer must provide for any and all information to make a wage and contractual price increase(s) • determination. 1.40. GOVERNING LAW AND VENUE - The validity and effect of this Contract shall b.e governed by the laws of the State of Florida. The parties agree that any action, mediation or arbitration arising out of this Contract shall take place in Miami -Dade County, Florida. 1.41. HEADINGS AND TERMS - The headings to the various paragraphs of this Contract have been inserted for convenient reference only and shall not in any manner be construed as modifying, amending or affecting in any way the expressed terms and provisions hereof. 1.42. HEALTH INSURANCE PORTABILITY AND ACCOUNTABILITY ACT (HIPPA) - Any person or entity that performs or assists the City of Miami with a function or activity involving the use or disclosure of "individually identifiable health information (IIHI) and/or Protected Health Information (PHI) shall comply with the Health Insurance Portability and Accountability Act (HIPAA) of 1996 and the City of Miami Privacy Standards. HIPAA mandates for privacy, security and electronic transfer standards, which include but are not limited to: A. Use of information only for performing services required by the contract or as required by law; B. Use of appropriate safeguards to prevent non -permitted disclosures; C. Reporting to the City of Miami of any non -permitted use or disclosure; D. Assurances that any agents and subcontractors agree to the same restrictions and conditions that apply to the Bidder/Proposer and reasonable assurances that IIHUPHI will be held confidential; Page 12 of 35 Request tor Letters or interest tKrL1) 275273,1 E. Making Protected Health Information (PHI) available to the customer; F. Making PHI available to the customer for review and amendment; and incorporating any amendments requested by the customer; G. Making PHI available to the City of Miami for an accounting of disclosures; and 11. Making internal practices, books and records related to PHI available to the City of Miami for compliance audits. PHI shall maintain its protected status regardless of the form and method of transmission (paper records, and/or electronic transfer of data). The Bidder/ Proposer must give its customers written notice of its privacy information practices including specifically, a description of the types of uses and disclosures that would be made with protected health information. 1.43. INDEMNIFICATION - Contractor shall indemnify , hold harmless and defend the City, its officials, officers, agents, directors, and employees, from liabilities, damages, losses, and costs, including, but not limited to reasonable attorney's fees, to the extent caused by the negligence, recklessness or intentional wrongful misconduct of Contractor and persons employed or utilized by Contractor in the performance of this Contract and will indemnify, hold harmless and defend the City, its officials, officers, agents, directors and employees against, any civil actions, statutory or similar claims, injuries or damages arising or resulting from the permitted work, even if it is alleged that the City, its officials and/or employees were negligent, unless such injuries or damages are ultimately proven to be the result of grossly negligent or willful acts or omissions on the part of the City, its officials and/or employees:. These indemnifications shall survive the term of this Contract. In the event that any action or proceeding is brought against City by reason of any such claim or demand, Contractor shall, upon written notice from City, resist and defend such action or proceeding by counsel satisfactory to City. The Contractor expressly understands and agrees that any insurance protection required by this Contract or otherwise provided by Contractor shall in no way limit the responsibility to indemnify, keep and save harmless and defend the City or its officers, employees, agents and instrumentalities as herein provided. The indemnification provided above shall obligate Contractor to defend at its own expense to and through appellate, supplemental or bankruptcy proceeding, or to provide for such defense, at City's option, any and all claims of liability and all suits and actions of every name and description which may be brought against City whether performed by Contractor, or persons employed or utilized by Contractor. This indemnity will survive the cancellation or expiration of the Contract. This indemnity will be interpreted under the laws of the State of Florida, including without limitation and which conforms to the limitations of §725.06 and/or §725.08, Fla. Statues, as amended from time to time as applicable. Contractor shall require all Sub -Contractor agreements to include a provision that they will indemnify the City. The Contractor agrees and recognizes that the City shall not be held liable or responsible for any claims which may result from any actions or omissions of the Contractor in which the City participated either through review or concurrence of the Contractor's actions. In reviewing, approving or rejecting any submissions by the Contractor or other acts of the Contractor, the City in no way assumes or shares any responsibility or liability of the Contractor or Sub -Contractor, under this Agreement. 1.44. INFORMATION AND DESCRIPTIVE LITERATURE —Bidders/Proposer must fumish all information requested in the spaces provided in the Formal Solicitation. Further, as may be specified elsewhere, each Bidder/Proposer must submit for evaluation, cuts, sketches, descriptive literature, technical specifications, and Material Safety Data Sheets (MSDS)as required, covering the products offered. Reference to literature submitted with a previous response or on file with the Buyer will not satisfy this provision. 1.45. INSPECTIONS - The City may, at reasonable times during the term hereof, inspect Contractor's facilities and perform such tests, as the City deems reasonably necessary, to determine whether the goods and/or services required to be provided by the Contractor under this Contract conform to the terms and conditions of the Formal Solicitation. Contractor shall make available to the City all reasonable facilities and assistance to facilitate the performance of tests or inspections by City representatives. All tests and inspections shall be subject to, and made in accordance with, the provisions of the City of Miami Ordinance No. 12271 (Section 18-79), as same may be amended or supplemented from time to time. 1.46. INSPECTION OF RESPONSE - Responses received by the City pursuant to a Formal Solicitation Page 13 of 35 Request for Letters or interest �rcrL,r) 275273,1 will not be made available until such time as the City provides notice of a decision or intended decision or within 10 days after bid closing, whichever is earlier. Bid/Proposal results will be tabulated and may be furnished upon request via fax or e-mail to the Sr. Procurement Specialist issuing the Solicitation. Tabulations also are available on the City's Web Site following recommendation for award. 1.47. INSURANCE - Within ten (10) days after receipt of Notice of Award, the successful Contractor, shall furnish Evidence of Insurance to the Purchasing Department, if applicable. Submitted evidence of coverage shall demonstrate strict compliance to all requirements listed on the Special Conditions entitled "Insurance Requirements". The City shall be listed as an "Additional Insured." Issuance of a Purchase Order is contingent upon the receipt of proper insurance documents. If the insurance certificate is received within the specified time frame but not in the manner prescribed in this Solicitation the Contractor shall be verbally notified of such deficiency and shall have an additional five (5) calendar days to submit a corrected certificate to the City. Ifthe Contractor fails to submit the required insurance documents in the manner prescribed in this Solicitation within fifteen (15) calendar days after receipt Notice of Award, the contractor shall be in default of the contractual terms and conditions and shall not be awarded the contract. Under such circumstances, the Bidder/Proposer may be prohibited from submitting future responses to the City. Information regarding any insurance requirements shall.be directed to the Risk Administrator, Department of Risk Management, at 444 SW 2nd Avenue, 9th Floor, Miami,. Florida 33130, 305-416-1604. The Bidder/Proposer shall be responsible for assuring that the insurance certificates required in conjunction with this Section remain in effect for the duration of the contractual period; including any and all option terms that may be granted to the Bidder/Proposer. 1.48. INVOICES - Invoices shall contain purchase order number and details of goods and/or services delivered (i.e. quantity, unit price, extended price, etc); and in compliance with Chapter 218 of the Florida Statutes (Prompt Payment Act). 1.49. LOCAL PREFERENCE - City Code Section 18-85, states that the City Commission may offer to a responsible and responsive bidder/proposer, who maintains a Local Office, the opportunity of accepting a bid at the low bid amount, if the original bid amount submitted by the local vendor is not more than ten percent (10%) in excess of the lowest other responsible and responsive bidder/proposer. 1.50. MANUFACTURER'S CERTIFICATION - The City reserves the right to request from bidders/proposers a separate Manufacturer's Certification of all statements made in the bid/proposal. Failure to provide such certification may result in the rejection of bid/proposal or termination of • contract/agreement, for which the bidder/proposer.must bear full liability. 1.51. MODIFICATIONS OR CHANGES IN PURCHASE ORDERS AND CONTRACTS - No contract or understanding to modify this Formal Solicitation and resultant purchase orders or contracts, if applicable, shall be binding upon the City unless made in writing by the Director of Purchasing of the City of Miami, Florida through the issuance of a change order, addendum, amendment, or supplement to the contract, purchase order or award sheet as appropriate. 1.52. NO PARTNERSHIP OR JOINT VENTURE - Nothing contained in this Contract will be deemed or construed to .create a partnership or joint venture between the City of Miami and Contractor, or to create any other similar relationship between the parties. 1.53. NONCONFORMANCE TO CONTRACT CONDITIONS - Items may be tested for compliance with specifications under the direction of the Florida Department of Agriculture and Consumer Services or by other appropriate testing Laboratories as determined by the City. The data derived from any test for compliance with specifications is public record and open to examination thereto in accordance with Chapter 119, Florida Statutes. Items delivered not conforming to specifications may be rejected and returned at Bidder's/Proposer's expense. These non -conforming items not delivered as per delivery date in the response and/or Purchase Order may result in bidder/proposer being found in default in which event any and all re -procurement costs may be charged against the defaulted contractor. Any violation of these stipulations may also result in the supplier's name being removed from the City of Miami's Supplier's list. 1.54. NONDISCRIMINATION —Bidder/Proposer agrees that it shall not discriminate as to race, sex, color, age, religion, national origin, marital status, or disability in connection with its performance under this fornal solicitation. Furthermore, Bidder/Proposer agrees that no otherwise qualified individual shall Page 14 of 35 Request for Leiters pi lntei esl 275273,1 solely by reason of his/her race, sex, color, age, religion, national origin, marital status or disability be excluded from the participation in, be denied benefits of, or be subjected to, discrimination under any program or activity. In connection with the conduct of its business, including performance of services and employment of personnel, Bidder/Proposer shall not discriminate against any person on the basis of race, color, religion, disability, age, sex, marital status or national origin. All persons having appropriate qualifications shall be afforded equal opportunity for employment. 1.55. NON-EXCLUSIVE CONTRACT/ PIGGYBACK PROVISION - At such times as may serve its best interest, the City of Miami reserves the right to advertise for, receive, and award additional contracts for these herein goods and/or services, and to make use of other competitively bid (governmental) contracts, agreements, or other similar sources for the purchase of these goods and/or services as may be available. It is hereby agreed and understood that this formal solicitation does not constitute the exclusive rights of the successful bidder(s)/proposer(s) to receive all orders that may be generated by the City in conjunction with this Formal Solicitation. In addition, any and all commodities, equipment, and services required by the City in conjunction with construction projects are solicited under a distinctly different solicitation process and shall not be purchased under the teiins, conditions and awards rendered under this solicitation, unless such purchases are determined to be in the best interest of the City. 1.56. OCCUPATIONAL LICENSE - Any person, firm, corporation or joint venture, with a business location in the City of Miami and is submitting a Response under this Formal Solicitation shall meet the City's Occupational License Tax requirements in accordance with Chapter 31.1, Article I of the City of Miami Charter. Others with a location outside the City of Miami shall meet their local Occupational License Tax requirements. A copy of the license must be submitted with the response; however, the City may at its sole option and in its best interest allow the Bidder/Proposer to supply the license to the City during the evaluation period, but prior to award. 1.57. ONE PROPOSAL - Only one (1) Response from an individual, firm, partnership, corporation or joint venture will be considered in response to this Formal Solicitation. When submitting an alternate response, please refer to the herein condition for "Alternate Responses May Be Considered". 1.58. OWNERSHIP OF DOCUMENTS -. It is understood by and between the parties that any documents, records, files, or any other matter whatsoever which is given by the City to the successful Bidder/Proposer pursuant to this formal solicitation shall at all times remain the property of the City and shall not be used by the Bidder/Proposer for any other purposes whatsoever without the written consent of the City. 1.59. PARTIAL INVALIDITY - If any provision of this Contract or the application thereof to any person or circumstance shall to any extent be held invalid, then the remainder of this Contract or the application of such provision to persons or circumstances other than those as to which it is held invalid shall not be affected thereby, and each provision of this Contract shall be valid and enforced to the fullest extent permitted by law: 1.60. PERFORMANCE/PAYMENT BOND —A Contractor may be required to furnish a Performance/Payment Bond as part of the requirements of this Contract, in'an amount equal to one hundred percent (100%) of the contract price. 1.61. PREPARATION OF RESPONSES (HARDCOPY FORMAT) —Bidders/Proposers are expected to examine the specifications, required delivery, drawings, and all special and general conditions. All bid/proposed amounts, if required, shall be either typewritten or entered into the space provided with ink. Failure to do so will be at the Bidder's/Proposer's risk. A. Each Bidder/Proposer shall furnish the information required in the Formal Solicitation. The Bidder/Proposer shall sign the Response and print in ink or type the name of the Bidder/Proposer, address, and telephone number on the face page and on each continuation sheet thereof on which he/she makes an entry, as required. B. If so required, the unit price for each unit offered shall be shown, and such price shall include packaging, handling and shipping, and F.O.B. Miami delivery inside City premises unless otherwise specified. Bidder/Proposer shall include in the response all taxes, insurance, social security, workmen's Page 15 of 35 Kequest tor Letters or interest xrLrl 275273,1 compensation, and any other benefits normally paid by the Bidder/Proposer to its employees. If applicable, a unit price shall be entered in the "Unit Price" column for each item. Based upon estimated quantity, an extended price shall be entered in the "Extended Price" column for each item offered. In case of a discrepancy between the unit price and extended price, the unit price will be presumed correct. C. The Bidder/Proposer must state a definite time, if required, in calendar days for delivery of goods and/or services. D. The Bidder/Proposer should retain a copy of all response documents for future reference. E. All responses, as described, must be fully completed and typed or printed in ink and must be signed in ink with the firm's name and by an officer or employee having authority to bind the company or fine by his/her signature. Bids/Proposals having any erasures or corrections must be initialed in ink by person signing the response or the response may be rejected. F. Responses are to remain valid for at least 180 days. Upon award of a contract, the content of the Successful Bidder's/Proposer's response may be included as part of the contract, at the City's discretion. G. The City of Miami's Response Forms shall be used when Bidder/Proposer is submitting its response in hardcopy format. Use of any other fonns will result in the rejection of the response. IF SUBMITTING HARDCOPY FORMAT, THE ORIGINAL AND THREE (3) COPIES OF THESE SETS OF FORMS, UNLESS OTHERWISE SPECIFIED, AND ANY REQUIRED ATTACHMENTS MUST BE RETURNED TO THE CITY OR YOUR RESPONSE MAY BE DEEMED NON -RESPONSIVE. 1.62. PRICE ADJUSTMENTS —. Any price decrease effectuated during the contract period either by reason of market change or on the part of the contractor to other customers shall be passed on to the City of Miami. 1.63. PRODUCT SUBSTITUTES - In the event a particular awarded and approved manufacturer's product becomes unavailable during the term of the Contract, the Contractor awarded that item may arrange with the City's authorized representative(s) to supply a substitute product at the awarded price or lower, provided that a sample is approved in advance of delivery and that the new product meets or exceeds all quality requirements. 1.64. CONFLICT OF INTEREST, AND UNETHICAL BUSINESS PRACTICE PROHIBITIONS - Contractor represents and warrants to the City that it has not employed or retained any person or company employed by the City to solicit or secure this Contract and that it has not offered to pay, paid, or agreed to pay any person any fee, commission, percentage, brokerage fee, or gift of any kind contingent upon or in connection with, the award of this Contract.. 1.65. PROMPT PAYMENT —Bidders/Proposers may offer a cash discount for prompt payment; however, discounts shall not be considered in determining the lowest net cost for response evaluation purposes. Bidders/Proposers are required to provide their prompt payment terms in the space provided on the Formal Solicitation. If no prompt payment discount is being offered, the Bidder/Proposer must enter zero (0) for the percentage discount to indicate no discount. If the Bidder/Proposer fails to enter a percentage, it is understood and agreed that the terms shall be 2% 20 days, effective after receipt of invoice or final acceptance by the City, whichever is later. When the City is entitled to a cash discount, the period of computation will commence on the date of delivery, or receipt of a correctly completed invoice, whichever is later. If an adjustment in payment is necessary due to damage, the cash discount period shall commence on the date final approval for payment is authorized. If a discount is part of the contract, but the invoice does not reflect the existence of a cash discount, the City is entitled to a cash discount with the period commencing on the date it is determined by the City that a cash discount applies. Price discounts off the original prices quoted on the Price Sheet will be accepted from successful bidders/proposers during the tern of the contract. 1.66. PROPERTY - Property owned by the City of Miami is the responsibility of the City of Miami. Such property fumished to a Contractor for repair, modification, study, etc., shall remain the property of the City of Miami. Damages to such property occurring while in the possession of the Contractor shall be the responsibility of the Contractor. Damages occurring to such property while in route to the City of Miami shall be the responsibility of the Contractor. In the event that such property is destroyed or declared a total Page 16 of 35 xequest tor Lerters or interest tI'ri,i) 275273,1 loss, the Contractor shall be responsible for replacement value of the property at the current market value, less depreciation of the property, if any. 1.67. PROVISIONS BINDING - Except as otherwise expressly provided in the resulting Contract, all covenants, conditions and provisions of the resulting Contract shall be binding upon and shall inure to the benefit of the parties hereto and their respective heirs, legal representatives, successors and assigns. 1.68. PUBLIC ENTITY CRIMES - A person or affiliate who has been placed on the convicted vendor list following a conviction for a public entity crime may not submit a response on a contract to provide any goods or services to a public entity, may not submit a response on a contract with a public entity for the construction or repair of a public building or public work, may not submit responses on leases of real property to a public entity, may not be awarded or perform work as a contractor, supplier, subcontractor, or consultant under a contract with any public entity, and may not transact business with any public entity in excess of the threshold amount provided in Section 287.017, for CATEGORY TWO for a period of 36 months from the date of being placed on the convicted vendor list. 1.69. PUBLIC RECORDS - Contractor understands that the public shall have access, at all reasonable times, to all documents and information pertaining to City contracts, subject to the provisions of Chapter 119, Florida Statutes, and City of Miami Code, Section 18, Article III, and agrees to allow access by the City and the public to all documents subject to disclosure under applicable law. Contractor's failure or refusal to comply with the provision of this section shall result in the immediate cancellation of this Contract by the City. 1.70. QUALITY OF GOODS, MATERIALS, SUPPLIES, PRODUCTS, AND EQUIPMENT - All materials used in the manufacturing or construction of supplies, materials, or equipment covered by this solicitation shall be new. The items bid/proposed must be of the latest make or model, of the best quality, and of the highest grade of workmanship, unless as otherwise specified in this Solicitation. 1.71. QUALITY OF WORK/SERVICES - The work/services performed must be of the highest quality and workmanship. Materials furnished to complete the service shall be new and of the highest quality except as otherwise specified in this Solicitation. 1.72. REMEDIES PRIOR TO AWARD (Sec. 18-106) - If prior to Contract award it is determined that a formal solicitation or proposed award is in violation of law, then the solicitation or proposed award shall be cancelled by the City Commission, the City Manager or the Chief Procurement Officer, as may be applicable, or revised to comply with the law. . 1.73. RESOLUTION. OF CONTRACT DISPUTES (Sec. 18-105) (a) Authority to resolve Contract disputes. The City Manager, .after obtaining the approval of the city attorney, shall have the authority to resolve controversies between the Contractual Party and the city which arise under, or by virtue of, a Contract between them; provided that, in cases involving an amount greater than $25,000, the City Commission must approve the City Manager's decision. Such authority extends, without limitation, to controversies based upon breach of Contract, mistake, misrepresentation or lack of complete performance, and shall be invoked by a Contractual Party by submission of a protest to the City Manager. (b) Contract dispute decisions. If a dispute is not resolved by mutual consent, the City Manager shall promptly render a written report stating the reasons for the action taken by the City Commission or the City Manager which shall be final and conclusive. A copy of the decision shall be immediately provided to the protesting party, along with a notice of such party's right to seek judicial relief, provided that the protesting party shall not be entitled to such judicial relief without first having followed the procedure set forth in this section. 1.74. RESOLUTION OF PROTESTED SOLICITATIONS AND AWARDS (Sec. 18-104) (a) Right to protest. The following procedures shall be used for resolution of protested solicitations and awards except for purchases of goods, supplies, equipment, and services, the estimated cost of which does not exceed $25,000. Protests thereon shall be governed by the Administrative Policies and Procedures of Purchasing. 1.Protest of Solicitation. i. Any prospective proposer who perceives itself aggrieved in connection with the solicitation of a Contract Page 17 of 35 Request tor Letters of 1nterest'txrb1) 275273,1 may protest to the Chief Procurement Officer. A written notice of intent to file a protest shall be filed with the Chief Procurement Officer within three days after the Request for Proposals, Request for Qualifications or Request for Letters of Interest is published in a newspaper of general circulation. A notice of intent to file a protest is considered filed when received by the Chief Procurement Officer; or ii. Any prospective bidder who intends to contest the Solicitation Specifications or a solicitation may protest to the Chief Procurement Officer. A written notice of intent to file a protest shall be filed with the Chief Procurement Officer within three days after the solicitation is published in a newspaper of general circulation. A notice of intent to file a protest is considered filed when received by the Chief Procurement Officer. 2. Protest of Award. i. A written notice of intent to file a protest shall be filed with the Chief Procurement Officer within two days after receipt by the proposer of the notice of the City Manager's recommendation for award of Contract, which will be posted on the City of Miami Purchasing Department website, in the Supplier Corner, Current Solicitations and Notice of Recommendation of Award Section. The notice of the City Manager's recommendation can be found by selecting the details of the solicitation and is listed as Recommendation of Award Posting Date and Recommendation of Award To fields. If "various" is indicated in the Recommendation of Award To field, the Bidder/Proposer must contact the buyer for that solicitation to obtain the suppliers name. It shall be the responsibility of the Bidder/Proposer to check this section of the website daily after responses are submitted to receive the notice; or ii. Any actual Responsive and Responsible Bidder whose Bid is lower than that of the recommended bidder may protest to the Chief Procurement Officer. A written notice of intent to file a protest shall be filed with the Chief Procurement Officer within two days after receipt by the bidder of the notice of the city's determination of non responsiveness or non responsibility. The receipt by bidder of such notice shall be confirmed by the city by facsimile or electronic mail or U.S. mail, return receipt requested. A notice of intent to file a protest is considered filed when received by the Chief Procurement Officer: iii. A written protest based on any of the foregoing must be submitted to the Chief Procurement Officer within five (5) days after the date the notice of protest was filed. A written protest is considered filed when received by the Chief Procurement Officer. The written protest may not challenge the relative weight of the evaluation criteria or the formula for assigning points in making an award determination. The written protest shall state with particularity the specific facts and law upon which the protest of the solicitation or the award is based, and shall include all pertinent documents and evidence and shall be accompanied by the required Filing Fee as provided in subsection (f). This shall form the basis for review. of the written protest and no facts, grounds, documentation or evidence not contained in the protester's submission to the Chief Procurement Officer at the time of filing the protest shall be permitted in the consideration of the written protest. No time will be added to the above limits for service by mail. In computing any period of time prescribed or allowed by this section, the day of the act, event or default from which the designated periodof time begins to run shall not be included. The last day of the period so computed shall be included unless it is a Saturday, Sunday or legal holiday in which event the period shall run until the end of the next day which is neither a Saturday, Sunday or legal holiday. Intermediate Saturdays, Sundays and legal holidays shall be excluded in the computation of the time for filing. (b) Authority to resolve protests. The Chief Procurement Officer shall have the authority, subject to the approval of the City Manager and the city attorney, to settle and resolve any written protest. The Chief Procurement Officer shall obtain the requisite approvals and communicate said decision to the protesting party and shall submit said decision to the City Commission within 30 days after he/she receives the protest. In cases involving more than S25,000, the decision of the Chief Procurement Officer shall be submitted for approval or disapproval thereof to the City Commission after a favorable recommendation by the city attorney and the City Manager. (c) Compliance with filing requirements. Failure of a party to timely file either the notice of intent to file a protest or the written protest, together with the required Filing Fee as provided in subsection (f), with the Chief Procurement Officer within the time provided in subsection (a), above, shall constitute a forfeiture of such party's right to file a protest pursuant to this section. The protesting party shall not be entitled to seek judicial relief without first having followed the procedure set forth in this section Page 18 of 35 Request tor Letters or interest (toil) 275273,1 (d) Stay of Procurements during protests. Upon receipt of a written protest filed pursuant to the requirements of this section, the city shall not proceed further with the solicitation or with the award of the Contract until the protest is resolved by the Chief Procurement Officer or the City Commission as provided in subsection (b) above, unless the City Manager makes a written determination that the solicitation process or the Contract award must be continued without delay in order to avoid an immediate and serious danger to the public health, safety or welfare. (e) Costs. All costs accruing from a protest shall be assumed by the protestor. (f) Filing Fee. The written protest must be accompanied by a fling fee in the form of a money order or cashier's check payable to the city in an amount equal to one percent of the amount of the Bid or proposed Contract, or $5000.00, whichever is less, which filing fee shall guarantee the payment of all costs which may be adjudged against the protestor in any administrative or court proceeding. If a protest is upheld by the Chief Procurement Officer and/or the City Commission, as applicable, the filing fee shall be refunded to the protestor less any costs assessed under subsection (e) above. If the protest is denied, the filing fee shall be forfeited to the city in lieu of payment of costs for the administrative proceedings as prescribed by subsection (e) above. 1.75. SAMPLES - Samples of items, when required, must be submitted within the.time specified at no expense to the City. If not destroyed by testing, bidder(s)/proposer(s) will be notified to remove samples, at their expense, within 30 days after notification. Failure to remove the samples will result in the samples becoming the property of the City. 1.76. SELLING, TRANSFERRING OR ASSIGNING RESPONSIBILITIES - Contractor shall not sell, assign, transfer or subcontract at any time during the term of the Contract, or any part of its operations, or assign any portion of the performance required by this contract, except under and by virtue of written permission granted by the City through the proper officials, which may be withheld or conditioned, in the City's sole discretion. 1.77. SERVICE AND WARRANTY —When specified, the bidder/proposer shall define all warranty, service and replacements that will be provided. Bidders/Proposer must explain on the Response to what extent warranty and service facilities are available. A copy of the manufacturer's warranty, if applicable, should be submitted with your response. 1.78. SILENCE OF SPECIFICATIONS - The apparent silence of these specifications and any supplemental specification as to any detail or the omission from it of detailed description concerning any pointshall be regarded as meaningthat only the.best.commercial practices are to.prevail and that only materials of first quality and correct type, size and design are to be used. All workmanship and services is to be first quality. All interpretations of these specifications shall be made upon the basis of this statement. If your firm has a current contract with the State of Florida, Department of General Services, to supply the items on this solicitation, the bidder/proposer shall quote not more than the contract price; failure to comply with this request will result in disqualification of bid/proposal. 1.79. SUBMISSION AND RECEIPT OF RESPONSES - Responses shall be submitted electronically via the Oracle System or responses may be submitted in hardcopy format to the City Clerk, City Hall, 3500 Pan American Drive, Miami, Florida 33133-5504, at or before, the specified closing date and time as designated in the IFB, RFP, RFQ, or RFLI. NO EXCEPTIONS. Bidders/Proposers are welcome to attend the solicitation closing; however, no award will be made at that time. A. Hardcopy responses shall be enclosed in a sealed envelope, box package. The face of the envelope, box or package must show the hour and date specified for receipt of responses, the solicitation number and title, and the name and return address of the Bidder/Proposer. Hardcopy responses not submitted on the requisite Response Forms may be rejected. Hardcopy responses received at any other location than the specified shall be deemed non -responsive. Directions to City Hall: FROM THE NORTH: 1-95 SOUTH UNTIL IT TURNS INTO US 1. US1 SOUTH TO 27TH AVE., TURN LEFT, PROCEED SOUTH TO SO. BAYSHORE DR. (3RD TRAFFIC LIGHT), TURN LEFT, 1 BLOCK TURN RIGHT ON PAN AMERICAN DR. CITY HALL IS AT THE END OF PAN AMERICAN DR. PARKING IS ON RIGHT. Page 19 of 35 Request for Letters of Interest (FU LI) 275273,1 FROM THE SOUTH: USl NORTH TO 27TH AVENUE, TURN RIGHT, PROCEED SOUTH TO SO. BAYSHORE DR. -(3RD TRAFFIC LIGHT), TURN LEFT, 1 BLOCK TURN RIGHT ON PAN AMERICAN DR. CITY HALL IS AT THE END OF PAN AMERICAN DR. PARKING IS ON RIGHT. B. Facsimile responses will not be considered. C. Failure to follow these procedures is cause for rejection of bid/proposal. D. The responsibility for obtaining and submitting a response on or before the close date is solely and strictly the responsibility of Bidder/Proposer. The City of Miami is not responsible for delays caused by the United States mail delivery or caused by any other occurrence. Responses received after the solicitation closing date and time will be returned unopened, and will not be considered for award. E. Late responses will be rejected. F. All responses are subject to the conditions specified herein. Those which do not comply with these conditions are subject to rejection. G. Modification of responses already submitted will be considered only if received at the City before the time and date set for closing of solicitation responses. All modifications must be submitted via the Oracle System or in writing. Once a solicitation closes (closed date and/or time expires), the City will not consider any subsequent submission which alters the responses. H. if hardcopy responses are submitted at the same time for different solicitations, each response must be placed in a separate envelope, box, or package and each envelope, box or package must contain the information. previously stated in 1.82.A. 1.80: TAXES - The City of Miami is exempt from any taxes imposed by the State and/or Federal Government. Exemption certificates will be provided upon request. Notwithstanding, Bidders/Proposers should be aware of the fact that all materials and supplies which are purchased by the Bidder/Proposer for the completion of the contract is subject to the Florida State Sales Tax in accordance with.Section 212.08, Florida Statutes, as amended and all amendments thereto and shall be paid solely by the Bidder/Proposer. 1.81. TERMINATION —The City Manager on behalf of the City of Miami reserves the right to terminate this contract by written notice to the contractor effective the date specified in the notice should any of the following apply: A. The contractor is determined by the City to be in breach of any of the terms and conditions of the . contract: B. The City has determined that such termination will be in the best interest of the City to terminate the contract for its own convenience; C. Funds are not available to cover the cost of the goods and/or services. The City's obligation is contingent upon the availability of appropriate funds. 1.82. TERMS OF PAYMENT - Payment will be made by the -City after the goods and/or services awarded to a Bidder/Proposer have been received, inspected, and found to comply with award specifications, free of damage or defect, and properly invoiced. No advance payments of any kind will be made by the City of Miami. Payment shall be made after delivery, within 45 days of receipt of an invoice and authorized inspection and acceptance of the goods/services and pursuant to Section 218.74, Florida Statutes and other applicable law. 1.83. TIMELY DELIVERY - Time will be of the essence for any orders placed as a result of this solicitation. The City reserves the right to cancel such orders, or any part thereof, without obligation, if delivery is not made within the time(s) specified on their Response. Deliveries are to be made during regular City business hours unless otherwise specified in the Special Conditions. 1.84. TITLE - Title to the goods or equipment shall not pass to the City until after the City has accepted the goods/equipment or used the goods, whichever comes first. 1.85.TRADE SECRETS EXECUTION TO PUBLIC RECORDS DISCLOSURE- All Responses submitted to the City are subject to public disclosure pursuant to Chapter 119, Florida Statutes. An • Page 20 of 35 Request for Letters of Interest (1ZNL1) 275273,1 exception may be made for "trade secrets." If the Response contains information that constitutes a "trade secret", all material that qualifies for exemption from Chapter 119 must be submitted in a separate envelope, clearly identified as "TRADE SECRETS EXCEPTION," with your firm's name and the Solicitation number and tide marked on the outside. Please be aware that the designation of an item as a trade secret by you may be challenged in court by any person. By your designation of material in your Response as a "trade secret" you agree to indemnify and hold harmless the City for any award to a plaintiff for damages, costs or attomey's fees and for costs and attorney's fees incurred by the City by reason of any legal action challenging your claim. 1.86. UNAUTHORIZED WORK OR DELIVERY OF GOODS- Neither the qualified Bidder(s)/Proposer(s) nor any of his/her employees shall perform any work or deliver any goods unless a change order or purchase order is issued and received by the Contractor. The qualified Bidder(s)/Proposer(s) shall not be paid for any work performed or goods delivered outside the scope of the contract or any work performed by an employee not otherwise previously authorized. 1.87. USE OF NAME - The City is not engaged in research for advertising, sales promotion, or other publicity purposes. No advertising, sales promotion or other publicity materials containing information obtained from this Solicitation are to be mentioned, or imply the name of the City, without prior express written permission of the City Manager or the City Commission. 1.88. VARIATIONS OF SPECIFICATIONS - For purposes of solicitation evaluation, bidders/proposers must indicate any variances from the solicitation specifications and/or conditions, no matter how slight. If variations are not stated on their Response, it will be assumed that the product fully complies with the City's specifications. Page 21 of 35 1ce4Llest 1U1 LeLLC1S Ul 111LC1CSL ll`PLl) 275273,1 2. Special Conditions 2.1. PURPOSE The purpose of this Solicitation is to establish a contract, for Real Estate Leasing Services, as specified herein, from a source(s) of supply that will give prompt and efficient service fully compliant with the terms, conditions and stipulations of the solicitation. 2.2. DEADLINE FOR RECEIPT OF REQUEST FOR ADDITIONAL INFORMATION/CLARIFICATION Any questions or clarifications concerning thissolicitation shall be submitted by email or facsimile to the Purchasing Department, Attn: Maritza Suarez, CPPB; fax: (305) 400-5025 or email: msuarez a ci.miami.fl.us. The solicitation title and number shall be referenced on all correspondence. All questions must be received no later than Wednesday, July 13, 2011 at 10:00 a.m.. All responses to questions will be sent to all prospective bidders/proposers in the form on an addendum. NO QUESTIONS WILL BE RECEIVED VERBALLY OR AFTER SAID DEADLINE. 2.3. METHOD OF AWARD Award of this contract will be made on a group by group basis, whichever is in the best interest of the City. Propopers may submit a response for either Real Estate Leasing Services and/or Property Management Services. 2.4. TERM OF CONTRACT The proposer(s) qualified to provide the service(s) requested herein (the "Successful Proposer(s)") shall be required to execute a contract ("Contract") with the City, which shall include, but not be limited to, the following terms: (1) The term of the Contract(s) shall be for one (1) year with an option to renew for four (4) additional one (1) year periods. (2) The City shall have the option to extend or terminate the Contract. Continuation of the contract beyond the initial period is a City prerogative; not a right of the bidder/proposer. This prerogative will be exercised only when such continuation is clearly in the best interest of the City. 2.5. CONDITIONS FOR RENEWAL Each renewal of this contract is subject to the following: (1) Continued satisfactory performance compliance with the specifications, terms and conditions established herein. (2) Availability of funds 2.6. NON -APPROPRIATION OF FUNDS In the event no funds or insufficient funds are appropriated and budgeted or are otherwise unavailable in any fiscal period for payments due under this contract, then the City, upon written notice to Contractor or his assignee of such occurrence, shall have the unqualified right to terminate the contract without any penalty or expense to the City. No guarantee, warranty or representation is made that any particular or any project(s) will be awarded to any firm(s). 2.7. MINIMUM QUALIFICATIONS Page 22 of 35 Request for Letters of Interest (tcrL1) 275273,1 Proposers shall satisfy each of the requirements cited below. Failure to do so will result in the Proposal being deemed non -responsive. A. Shall have provided similar services for a minimum of ten (10) years. B. Possess specific project experience and credentials in lead role that demonstrates the Proposer's ability to perform the required Scope of Services, including no less than five (5) complex projects involving multiple -tenant leasing of approximately 50,000 SF of commercial retail space. (Real Estate Leasing Services only) C. Possess sufficient resources and personnel to commit to a contract for the provision of these services. D. The Firm shall be an active registered corporation with the State of Florida Department of State, Division of Corporations; E. At least one principal of the firm shall be a licensed Real Estate Broker in the State of Florida; (Real Estate Leasing Services only) F. Members of the team assigned to the project shall be licensed Real Estate Agents in the State of Florida; (Real Estate Leasing Services only) G. Shall have never filed for bankruptcy, be in sound financial condition, have no record of civil litigation or pending lawsuits involving criminal activities of a moral turpitude, and shall not have conflicts of interest with the City. H. Shall not have a member, officer, or. stockholder who is in arrears or in default of any debt or contract involving the City, is a defaulter or surety upon any obligation to the City, and/or has failed to perform faithfully any contract with the City. 2.8. CONTRACT EXECUTION The selected Proposer(s) evaluated and ranked in accordance with the requirements of this Solicitation, shall be awarded an opportunity to negotiate a contract ("Contract") with the City. The City reserves the right to execute or not execute, as applicable a Contract with the selected Proposer(s) that is determined to be most advantageous and in the City's best interest. Such Contract will be furnished by the City, will contain certain terms as are in the City's best interests, and will be subject to approval as to legal form by the City Attorney. 2:9. FAILURE TO PERFORM Should it not be possible to reach the contractor or supervisor and/or should remedial action not betaken within 48 hours of any failure to perform according to specifications, the City reserves the right to declare Contractor in default of the contract or make appropriate reductions in the contract payment. 2.10. INSURANCE REQUIREMENTS INDEMNIFICATION Bidder shall pay on behalf of, indemnify and save City and its officials harmless, from and against any and all claims, liabilities, losses, and causes of action, which may arise out of bidder's performance under the provisions of the contract, including all acts or omissions to act on the part of bidder, including any person performing under this Contract for or on bidder's behalf, provided that any such claims, liabilities, losses and causes of such action are not attributable to the negligence or misconduct of the City and, from and against any orders, judgments or decrees which may be entered and which may result from this Contract, unless attributable to the negligence or misconduct of the City, and from and against all costs, attorneys' fees, expenses and liabilities incurred in the defense of any such claim, or the investigation thereof. The bidder shall furnish to City of Miami, c/o Purchasing Department, 444 SW 2nd Avenue, 6th Floor, Miami, Florida 33130, Certificate(s) of Insurance which indicate that insurance coverage has been obtained which meets the requirements as outlined below: I. Commercial General Liability A. Limits of Liability Bodily Injury and Property Damage Liability Page 23 of 35 Request tor Letters or Interest Li) 275273,1 Each Occurrence General Aggregate Limit Personal and Adv. Injury Products/Completed Operations B. Endorsements Required City of Miami included as an Additional Insured Primary Insurance Clause Endorsement Contingent & Contractual. Liability Premises and Operations Liability $1,000,000 $2,000,000 S1,000,000 $ 1,000,000 11. Business Automobile Liability A. Limits of Liability Bodily Injury and Property Damage Liability Combined Single Limit Owned/Scheduled Autos including Hired, Borrowed or Non -Owned Autos Any One Accident $1,000,000 B. Endorsements Required City of Miami included as an Additional Insured III. Worker's Compensation A. Limits of Liability Statutory -State of Florida Waiver of Subrogation Employer's Liability A. Limits of Liability S100,000 for bodily injury caused by an accident, each accident $100,000 for bodily injury caused by disease, each employee $500,000 for bodily injury caused by disease, policy limit IV. Errors and Omissions Combined Single Limit Each Claim S1,000,000 General Aggregate Limit S1,000,000 BINDERS ARE UNACCEPTABLE. The insurance coverage required shall include those classifications, as listed in standard liability insurance manuals, which most nearly reflect the operations of the,bidder. All insurance policies required above shall be issued by companies authorized to do business under the laws of the State of Florida, with the following qualifications: The Company must be rated no less than "A" as to management, and no less than "Class V" as to financial strength, by the latest edition of Best's Insurance Guide, published by A.M. Best Company, Oldwick, New Jersey, or its equivalent. All policies and/or certificates of insurance are subject to review and verification by Risk Management prior to insurance approval. Certificates will indicate no modification or change in insurance shall be made without thirty (30) days written advance notice to the certificate holder. NOTE: CITY BID NUMBER AND/OR TITLE OF BID MUST APPEAR ON EACH CERTIFICATE. Page 24 of 35 Request for Letters of Interest (Kr Li) 275273,1 Compliance with the foregoing requirements shall not relieve the bidder of his liability and obligation under this section or under any other section of this Agreement. - -If insurance certificates are scheduled to expire during the contractual period, the Bidder shall be responsible for submitting new or renewed insurance certificates to the City at a minimum of ten (10) calendar days in advance of such expiration. - -In the event that expired certificates are not replaced with new or renewed certificates which cover the contractual period, the City shall: (4) Suspend the contract until such time as the new or renewed certificates are received by the City in the manner prescribed in the Invitation To Bid. (5) The City may, at its sole discretion, terminate this contract for cause and seek re -procurement damages from the Bidder in conjunction with the General and Special Terms and Conditions of the Bid. The Bidder shall be responsible for assuring that the insurance certificates required in conjunction with this Section remain in force for the duration of the contractual period; including any and all option terms that may be granted to the Bidder. 2.11. PRE-BID/PRE-PROPOSAL CONFERENCE N one 2.12. CONTRACT ADMINISTRATOR Upon award, contractor shall report and work directly with Ms. Madeline Valdes, who shall be designated as the Contract Administrator. 2.13. SUBCONTRACTOR(S) OR SUBCONSULTANT(S) A Sub -Consultant, herein known as Sub-Contractor(s) is an individual or firm contracted by the Proposer or Proposer's finn to assist in the performance of services required under this Solicitation. A Sub -Contractor shall be paid through Proposer or Proposer's fine and not paid directly by the City. Sub -Contractors are allowed by the City in the performance of the services delineated within this Solicitation. Proposer must clearly reflect in its Proposal the major Sub -Contractors to be •utilized in the performance of required services. The City retains the right to accept or reject any Sub -Contractors proposed in the response of Successful Proposer or prior to contract execution. Any and all liabilities regarding the use of a Sub -Contractor shall be borne solely by the Successful Proposer and insurance for each Sub -Contractors must be maintained in good standing and approved by the City throughout the duration of the Contract. Neither Successful Proposer nor any of its Sub -Contractors are considered to be employees or agents of the City. Failure to list all Sub -Contractors and provide the required information may disqualify any proposed Sub -Contractors from performing work under this Solicitation. Proposers shall include in their Responses the requested Sub -Contractor information and include all relevant information required of the Proposer. In addition, within five (5) working days after the identification of the award to the Successful Proposer, the Successful Proposer shall provide a list confirming the Sub -Contractors that the Successful Proposer intends to utilize in the Contract, if applicable. The list shall include, at a minimum, the name, location of the place of business for each Sub -Contractor, the services Sub -Contractor will provide relative to any contract that may result from this Solicitation, any applicable licenses, references, ownership, and other information required of Proposer. 2.14. TERMINATION A. FOR DEFAULT If Contractor defaults in its performance under this Contract and does not cure the default within 30 days after written notice of default, the City Manager may terminate this Contract, in whole or in part, upon written notice without penalty to the City of Miami. In such event the Contractor shall be liable for Page 25 of 35 Request tor Letters or interest 275273,1 damages including the excess cost of procuring similar supplies or services: provided that if, (1) it is determined for any reason that the Contractor was not in default or (2) the Contractor's failure to perform is without his or his subcontractor's control, fault or negligence, the tennination will be deemed to be a termination for the convenience of the City of Miami. B. FOR CONVENIENCE The City Manager may terminate this Contract, in whole or in part, upon 30 days prior written notice when it is in the best interests of the City of Miami. If this Contract is for supplies, products, equipment, or software, and so terminated for the convenience by the City of Miami the Contractor will be compensated in accordance with an agreed upon adjustment of cost. To the extent that this Contract is for services and so terminated, the City of Miami shall be liable only for payment in accordance with the payment provisions of the Contract for those services rendered prior to termination. 2.15. ADDITIONAL TERMS AND CONDITIONS No additional terms and conditions included with the solicitation response shall be evaluated or considered, and any and all such additional terms and conditions shall have no force or effect and are inapplicable to this solicitation. If submitted either purposely, through intent or design, or inadvertently, appearing separately in transmittal letters, specifications, literature, price lists or warranties, it is understood and agreed that the General and Special Conditions in this solicitation are the only conditions applicable to this solicitation and that the bidder's/proposer's authorized signature affixed to the bidder's/proposer's acknowledgment form attests to this. 2.16. PRIMARY CLIENT (FIRST PRIORITY) The successful bidder(s)/proposer(s) agree upon award of this contract that the City of Miami shall be its primary client and shall be serviced first during a schedule conflict arising between this contract and any other contract successful bidder(s)/proposer(s) may have with any other cities and/or counties to perform similar services as a result of any catastrophic events such as -tornadoes, hurricanes, severe storms or any other public emergency impacting various areas during or approximately the same time. 2.17. UNAUTHORIZED WORK The Successful Proposer(s) shall not begin work until a Purchase Order is received. 2.18. CHANGES/ALTERATIONS . Proposer may change or withdraw a Proposal at any time prior to Proposal submission deadline; however, no oral modifications will be allowed. Written modifications shall not be allowed following the proposal deadline. 2.19. COMPENSATION PROPOSAL Each Proposer shall detail any and all fees and costs to provide the required services as listed herein; for either Real Estate Leasing Services and/or Property Management Services. Proposer shall additionally provide a detailed list of all costs to provide all services as detailed in Section 3. Scope of Services, as proposed. The City reserves the right to add or delete any service, at any time. Should the City determine to add an additional service for which pricing was not previously secured, the City shall seek the Successful Proposer to provide reasonable cost(s) for same. Should the City determine the pricing unreasonable, the City reserves the right to negotiate cost(s) or seek another vendor for the provision of said service(s). Failure to submit compensation proposal as required shall disqualify Proposer from consideration. 2.20. EVALUATION/SELECTION PROCESS AND CONTRACT AWARD Page 26 of 35 Request for Letters of Interest (tcrLi) 275273,1 The procedure for response evaluation, selection and award is as follows: (1) Informal solicitation issued. (2) Receipt of responses (3) Opening and listing of all responses received (4) Purchasing staff will review each submission for compliance with the submission requirements of the Solicitation, including verifying that each submission includes all documents required. (5) An Evaluation Committee, appointed by the City Manager, comprised of appropriate City Staff and members of the community, as deemed necessary, with the. appropriate technical expertise and/or knowledge, shall meet to evaluate each response in accordance with the requirements of this Solicitation and based upon the evaluation criteria as specified herein. (6) Proposers shall be required to make oral presentations before the Evaluation Committee as part of the evaluation process. The presentations shall be recorded and are currently scheduled to take place either Monday and/or Tuesday, July 18-19, 2011. Final dates and times will be provided by no later than the end of day on July 15, 2011. (7) The Evaluation Committee reserves the right to rank the Proposals and shall submit its recommendation to the City Manager for acceptance. If the City Manager accepts the Committee's recommendation, the City Manager's recommendation for award of contract will be posted on the City of Miami Purchasing Department website, in the Supplier Corner, Current Solicitations and Notice of Recommendation of Award Section. The notice of the City Manager's recommendation can be found by selecting the details of the solicitation and is listed as Recommendation of Award Posting Date and Recommendation of Award To fields. If "various" is indicated in the Recommendation of Award To field, the Bidder/Proposer must contact the buyer for that solicitation to obtain the suppliers name. The City Manager shall make his recommendation to the City Commission requesting the authorization to negotiate and/or execute an agreement with the recommended Proposer(s). No Proposer(s) shall have any rights against the City arising from such negotiations or termination thereof. (8) The City Manager reserves the right to reject the Committee's recommendation, and instruct the Committee to re-evaluate and make another recommendation, reject all proposals, or recommend that the City Commission reject all proposals. (9) The City Commission shall consider the City Manager's and Evaluation Committees' recommendation(s) and, if appropriate and required, approve the City Manager's recommendation(s). The City Commission may also reject any or all response. (10) If the City.Coinmission approves the recommendations, the City will enter into negotiations with the selected Proposer(s) for a contract for the required services. Such negotiations may result in contracts,•as deemed appropriate by the City Manager. (11) The City Commission shall review and approve the negotiated Contract with the selected Proposer(s). 2.21. ADDITIONAL SERVICES Services not specifically identified in this request may be added to any resultant contract upon successful negotiation and mutual consent of the contracting parties. 2.22. RECORDS During the contract period, and for a least five (5) subsequent years thereafter, Successful Proposer shall provide City access to all files and records maintained on the City's behalf. 2.23. TRUTH IN NEGOTIATION CERTIFICATE Execution of the resulting agreement by the Successful Proposer shall act as the execution of truth -in -negotiation certificate stating that wage rates and other factual unit costs supporting the compensation of the resulting Agreement are accurate, complete, and current at the time of contracting. The original contract price and any additions thereto shall be adjusted to exclude any significant sums by which City determines the contract price was increased due to inaccurate, incomplete, or non -current wage Page 27 of 35 Request for Letters or Interest Li) 275273,1 rates and other factual unit costs. All such contract adjustments shall be made within one (1) year following the end of the Agreement. Page 28 of 35 Request tor Letters or interest trcrL,r) 275273,1 3. Specifications 3.1. SPECIFICATIONS/SCOPE OF WORK 1. OVERVIEW The City of Miami's Department of Public Facilities ("Public Facilities") is seeking a.qualified firm ("Successful Proposer") with extensive real estate leasing services background and experience to perfonn analysis, marketing, lease negotiations and property management services for the City in connection with the Marlins Stadium Parking Garage Retail Space ("the Property") in Miami, Florida. The Property consists of four (4) parking garages owned by the City of Miami that will be leased to the Miami Parking Authority ("MPA"). The physical addresses and folio numbers of these garages are as follows. Floor plans of the Property are attached hereto and are provided for your reference. Pl: 1502 NW 7 Street, Miami, FL 33125. Folio # 01-4102-086-0010 P2: 1402 NW 7 Street, Miami, FL 33125. Folio # 01-4102-086-0010 P3: 1502 NW 4 Street, Miami, FL 33125. Folio # 01-4102-086-0040 P4: 1402 NW 4 Street, Miami, FL 33125. Folio # 01-4102-086-0040 Three of the four parking garages have retail space(s) that are available to be leased by the Successful Proposer. Information regarding the retail bays for each parking garage: Pl : Three (3) retail bays: 7,625 SF; 7,851 SF; and 8,438 SF, respectively, for a total of 23,914 SF. P2: Two (2) retail bays: 11,864 SF; and 9,812 SF, respectively, for a total of 21,676 SF. P3: One (1) retail bay: 7,691 SF. Total available retail space square footage: 53,281 SF. II. GENERAL SERVICES A. The Provider(s) shall be under the supervision of the Director of the Depar turent of Public Facilities (hereinafter referred to as Director) or designee. B. Provider(s) shall attend required meetings as deemed necessary by the Director to accomplish the Scope of Services and to present its findings and recornmendations to the City Commission. C. Provider(s) shall confer with the City team periodically during the progress of the work and prepare and present such information and materials as may be necessary or reasonably requested by the City to determine the adequacy of the work or the Provider's progress: D. Provider(s) shall submit the required deliverables within the time frame specified by the City. E. As may be directed by the City through its designated representative, Provider(s) is expected to cooperate and fulfill requests for information, verbal and written, that pertain to the work. F. The Provider(s) shall provide its own office and work space, except as necessary during meetings or presentations. III. REAL ESTATE LEASING SERVICES A. Phase I - Pre -Leasing Due Diligence and Analysis Phase The Provider will perfonn the following work tasks, to include but not be limited to: 1) Collect and research all available Property information currently in the possession of the City and other similar major stadium -type commercial retail avenues nationwide. 2) Review and prepare appropriate lease assessments for the site, inclusive of any capital improvements necessary. 3) Prepare a comprehensive report with findings, conclusions and recommendations, including a comprehensive timeline for lease disposition and an assessment of risk challenge issues associated with same; work with City team to create optimal deliverable format and content, which shall include, but is not limited to, delivery of a preliminary report for the City's review prior to submission of the final report. 4) Attend meetings and hearings of stakeholders and make presentations as necessary. Estimated time period for Phase I: <30 days B. Phase II - Marketing and Lease Disposition Phase Page 29 of 35 Request for Letters of Interest (tcrL1) 275273,1 The steps below outline Provider's process for marketing the Property through negotiating and documenting a transaction. 1) Identify Potential Tenants a) Compile a target list of possible tenants for the site. b) Prepare a pre -marketing campaign that will be disseminated to the appropriate potential tenants to generate upfront market interest. 2) Generate Interest a) Distribute marketing information through e-mail, flyers and/or other acceptable means. b) Follow up with phone calls to targeted businesses c) Register parties who express interest in the Property. These potential businesses will receive a full marketing package, once identified. 3) Develop and Distribute Marketing Package(s) to potential businesses, including: a) Overview/introductory letter. b) A physical description of the site(s). c) Preferred transaction structure. d) A solicitation section requiring that the business fully identifies the tenant structure, its experience and credentials, financial capabilities, principals, references, etc. 4) Analyze Offers Provider will provide guidance to all potential businesses and will analyze terms and conditions of offers including quantitative and qualitative criteria. 5) Recommend Finalists based on: a) Value of offer b) Financial viability of the candidate c) Proposed transaction structure and/or proposed use of site in question, and d) Candidate's alignment of interests with the City's goals. e) Solicitation of Best and Final offers (BAFO). 6) Participate in Tenant Selection and Negotiation Select the successful business for the Property, or each portion thereof, assist in the negotiations; supervise due diligence, assist in negotiating transaction price and terms. Attend public hearings regarding the disposition of the Property, or each portion thereof, as may be required. Estimated time period for Phase II: 1 Week to 2 Months IV. PROPERTY MANAGEMENT SERVICES (Optional) The City reserves the right to award or not to award these optional services in its sole discretion. A. General Responsibilities: 1) Provide daily tenant management and tenant relations services for existing and new tenants. 2) Coordinate management of properties, including but not limited to: management of custodial work, security patrols (where applicable), alarms (fire and security), emergency program and maintenance, pest control, and landscape work. 3) Enforce lease compliance and tenant rules and regulations, including insurance. 4) Provide financial management, reporting, and controls. 5) Prepare operating budgets, monthly management reports and quarterly budget update reports. 6) Hire, train and supervise all third party property management staff and administer the on -site property management office. 7) Conduct annual inspections of property. 8) Prepare annual reconunendation for major capital infrastructure projects and repairs for budget consideration. B. Specific Responsibilities: Page 30 of 35 Request for Letters or interest (rcri, ) 275273,1 1) Direct Tenant Management: a) Track and manage all tenant and sub -tenant related issues and requests. b) Coordinate tenant move -ins and move -outs including notification of applicable City departments and utilities; and collect and distribute keys. c) Assist with the review and approval of tenant plans and programs including tenant improvements and annual building inspections. d) Coordinate post -occupancy tenant improvement projects. e) Notify. tenants of special events, power outages, state power alerts and road closures/street work. f) Maintain tenant contact information in a tenant directory. g) Coordinate with City Departments to ensure proper City permits have been issued, including: special event permits, special use permits, building permits, etc. h) Monitor master event schedule to eliminate conflicts. i) Maintain 24-hour emergency service; provide callout personnel seven days per week. 2) Reporting: a) Submit the following reports to the City: 1.) Monthly management reports are to include, but not be limited to: lease status, occupancy, budget variances and vacancy loss report. 2.) Audits: The City reserves the right to audit the Property Management Company's financial reports, etc., as part of the City's financial audit process. 3.) Operating Budget: Prepare and submit an annual operating budget not later than June 1 of each year to be reviewed and approved by the City. Once approved, revisions to this budget must be justified in writing and must be reviewed and approved in advance by the Contract Administrator. 3) General Management: a) Maintain all books, records and files accurately and in accordance with industry -standard accounting principles and government archive procedures. b) Contracts and Vendors: Ensure that contracts with third party vendors provide "best value" when benchmarked against comparable commercial properties. Recommend competitive bidding of any contract that is not market -competitive. c) Complete regular building inspections and implement preservation/preventive maintenance programs. d) Prepare a management plan for the site. Included in this plan there must be: i. The planned recruitment, hiring, training or assigning and supervision of property personnel, location of a management office, staff list by position and resume for each, if currently employed; plan for emergency maintenance and personnel and tenant procedures to contact such personnel. ii. Plan to repair, improve and upgrade physical conditions of all bays. iii. Work Order system for repairs and maintenance iv. Energy conservation v. Pest and rodent control vi. Maintenance plan to provide neat, clean, safe and sanitary conditions for interior and exteriors at all times including: trash and litter removal from receptacles and common areas. Maintenance should ensure that occupied units have weather tight roofs, windows, ceilings and floors, hot and cold water, sanitary facilities, sewage disposal, heating, ventilation, electricity, plumbing and appliances should all be provided in good and safe working order. Plan should include procedures for management reporting and problem -solving. vii. Procedures to be followed and disciplinary actions to be taken in response to complaints regarding appearances and decorum. This should include but not be limited to related statements in the rental contract. viii. System to maintain a record of each complaint, date of complaint, person responding to complaint, action taken and date of response. Page 31 of 35 Request for Letters of Interest lxtLi) 275273,1 e) Staff meetings: Maintain on -going communication with the Contract Administrator to include organizing and conducting regular status meetings to report on all significant issues and operating performance. f) Maintain the conditions of building exteriors and surrounding grounds (excluding those enclosed for individual bays), utilizing Property Manager's staff or subcontractors. g) Property Manager: Assign am on -site Property Manager during all Major League Baseball games, other stadium events and at other times as may be required by the City. 4) Emergency Communication: a) The property manager will .provide twenty-four (24) hours, seven (7) days per week after -hour emergency service coverage. b) Key employee and supervisor personnel will be required to provide all telephone numbers on file including home, page, and mobile. c) The property manager will be expected to respond immediately and within one (1) hour maximum time when contacted by the Contract Administrator. d) The property manager's emergency personnel will be required to respond on -site if necessary within two (2) hours' maximum time. Page 32 of 35 Request tor Letters or Interest ltcl L1) 275273,1 4. Submission Requirements 4.1. SUBMISSION REQUIREMENTS Proposals shall be limited to -20 pages or less. Cover pages, table of contents, section dividers, reports and resumes do not count towards this page limit. Proposers shall carefully follow the format and instruction outlined below, observing format requirements where indicated. Proposals should contain the information itemized below and in the order indicated. This information should be provided for the Proposer and any sub -consultants to be utilized for the work contemplated by this Solicitation. Proposals submitted which do not include the following items may be deemed non -responsive and may not be considered for contract award. ALL RESPONSES WILL BE SUBMITTED IN HARDCOPY FORMAT ONLY TO INCLUDE ONE ORIGINAL AND SEVEN (7) COPIES. NO ON-LINE SUBMITTALS WILL BE ACCEPTED. Proposers shall provide, at a minimum, the following information and documentation with their Proposals: A. Executive Summary in response to this RFLI. B. The name of firm, corporation, joint venture, partnership, individual, or other legal entity's address, telephone/fax/email address, name of contact individual, date incorporated, principals and officers of Proposer, and federal employer identification number. Include location from where work will be performed. C. Describe the Proposer's organizational history and structure; years Proposer and/or film has been in business providing a similar service(s), and indicate whether the City has previously awarded any contracts to the Proposer/firm. Provide a list of all principals, owners or directors. D. Provide specific qualifications, project experience, and credentials that demonstrate Proposer's ability to perform the required scope of work. Proposer must clearly describe its qualifications and experience in the provision of similar work of a similar nature in the real estate industry. Include discussion of experience in specific fields or industries related to the proposed project. Include any and all licenses and certifications held. E. Provide a complete list of clients for which Proposer has provided a similar service(s) as required in this RFLI. This list should detail Proposer's experience, and include those services that have been performed during at least the past five (5) years, as applicable. Include the name, address, phone number(s) and contact persons within each organization. The City reserves the right to contact references as part of the evaluation process. F. Provide a minimum of two (2) references on letterhead from former clients for the provision of similar services within the past five (5) years. Include name of reference, contact name, period of time, and overall work performed. Sufficient documentation must be provided to determine level of experience. References are subject to verification by the City as part of the evaluation process. G. Provide the name of the Project Manager and other individual(s) who would be assigned to the project and referencing those individual(s) who are experienced with the real estate lease negotiations. Discuss the specific qualifications and experience of the Project Manager and/or Team member(s) to be assigned to the engagement, particularly as it relates to real estate projects of similar scope. H. Provide a description of the Proposer's overall Approach and Methodology to be utilized during this engagement, per each element of work depicted in the Scope of Services; Proposer's vision of future use of the commercial retail space. I. Provide recent, current and projected workload of Proposer, and general workload those professionals to be assigned to this engagement. Discuss in general the anticipated percentage of time to be dedicated to this engagement by each assigned staff member. J. Discuss Proposer's and/or Team's overall resources, including personnel, equipment, present work load, supervision and coordinating capacity, etc. K. Describe any current or pending litigation or proceeding involving Proposer, its partners, managers, other key staff members, and its professional activities or performance, if applicable. State the nature of the Page 33 of 35 Request tor Letters or interesi r\rl.i) 275273,1 litigation, a brief description of each case, the outcome or projected outcome, and the monetary amounts involved. L. Should Proposer plan to utilize a Sub-Contractor(s), provide detailed information regarding qualifications and experience, and the work to be performed related to the Scope of Services for each proposed Sub-Contractor(s). M. Proposer must include a Compensation Proposal as part of the Proposal. Proposal shall contain detailed information justifying its proposed cost(s), including reimbursable expenses. Failure to submit a Compensation Proposal shall deem your Proposal non -responsive. N. Provide any other information or documentation with Proposal, as needed. Page 34 of 35 Request for Letters of Interest (RFLI) 275273,1 5. Evaluation Criteria 5.1. EVALUATION CRITERIA Individual Evaluation Committee (Committee) members will evaluate proposals based on the 100% evaluation criteria defined herein. These individual numerical scores, per committee member, will then be converted into ordinal ranking numbers (1, 2, 3, 4, 5, etc.), from highest to lowest, with the highest numerical score receiving the 1 ordinal ranking. Tied numerical scores will receive the same ordinal number and succeeding ordinal numbers will be skipped to offset the total number of scores that were tied (1, 1, 3, 4, 5, etc.; 1, 2, 2, 2, 5, etc.). Ordinal scores for all Committee members will then be totaled in the aggregate. The proposer who receives the lowest total overall ordinal score will be the highest rank proposer. The proposer who receives the second lowest total ordinal score will be the second highest rank proposer, etc. Proposals shall be evaluated based upon the following criteria and weight: Criteria: Weight: A. Overall Qualifications and Experience: 35% B. Approach and Methodology: 30% C. Compensation Proposal: 20% D. Oral Presentations 15% Page 35 of 35 'i• ! L_._ paijuo 1502 NW 7TH STREET PARKING GARAGE P2 1402 NW 7711 STREET 111 t 1-- — ''''''T-•• ••••".:76-:::' TIT'• C.T.7'.'4'''. I Nia-iT :LE • 1,..6.6,--IT T'4''''''1'.' - :' ,,,T,A,A,-;-:' — IA ' -. F.-- 1 '' T.•!,i!..... 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ACC=ELE 11.S.4..0,44( LVEL I LEVEL 1 1/1 tx. a 117 COP E CY, of .11.111 33 13. .C3- -333-3: maim 3,3333 3.333.• 110,LITURE SPACES STADIUM SITE PARKING =47. CITY OF MIAMI 5-30648 LEDA DALY RIVIS10115 PERMIT SET Isis AI. 01.1.111. 17. A0.04 • • • zi I ! 1 (t. PHONE* FLOW .PR. VIA-IPPPIPCOFINOSYSI. IPEPIOVP.01171,;02.11.1174 PMELS INOCATED plifrIOVIAAPPU'AE.0 (DEME.112NPLAN•P2PANNNGGARAGEX*E1) (ii--"Th--/Th•--,The--Thr-'-l-,--I—M—r-Thr--). niinanr _-6 ,..,...="4.,......,,, s,........412.,0 STAMM) i ArCESSIOLE 1,.....a_a• -- LEVEL 1 43 I PO LEPEL] 3C0 • .--Fx7y1,pd tgl=1, MCP. IEVEL 3 . • Piud.41 -EU'', --).--1-7 lEVEL 3 PO . Paid. SLAV .t. — —1-_J— .7.1; 101MA MO 10 4 i PP . On c I _1_ --I ,.. --..J- 134 , ‘-•-•_., P2 PARKING STALL TABULATION ACCITS410LE FEV TOMS )) 1) 10 - 3a, • STADIUM SITE PARKING CITY OF MIAMI LEDADAY NEP PLAN • ONS. PERMIT SET W. Mnik pa ni Rog. Roplslenpl Alk1.1113,1 AN PP 14416 Pio). 110,4,1, pp. 444 A0.03 '1St sk7,, 'AlAt ;r:., • " 1....% NEW b MARLINS 41) 1\ BALLPARK ".,... . .-.- ) 2012 .. - 40 0, -,71"-arA ®©o TE OVA Response to RFLI No. 275273 Informal RFLI for Real Estate Listing and/or Property Management Services A. Executive Summary Terranova Corporation has a substantial interest in serving as your leasing and management firm. Terranova is uniquely situated for this project due to our extensive history in leasing urban street front retail projects and our significant in-house marketing capabilities. Furthermore, Terranova does not have any projects in the vicinity of the Ballpark that would cause material conflicts of interest. B. Proposer Terranova Corporation "Terranova or Proposer" 801 Arthur Godfrey Road, Suite 600 ' Miami Beach, Florida 33140 Tax ID# 59-2167987 All work will be performed from our offices at the address listed above or from a satellite office located in the Biscayne Plaza Shopping Center, located on the corner at the Northeast corner of Biscayne Blvd. & NE 79th Street in Miami. C. History & Structure Terranova was incorporated in Florida in 1980. Since that time Terranova has been involved in management and leasing of commercial properties (primarily retail). A more complete description of our history can be found in the Addenda. To the best of Proposer's knowledge, Terranova has never been awarded a contract from the City of Miami. More information about Terranova can be found in the attached Tab I. J Terranova Corporation • 801 Arthur Godfrey Road, Suite 600 •Miami Beach, FBrokerl33140 • Telephone (305) 695-8700 • Fax (305) 672-7800 Licensed www.terranovacorp.com D. Qualifications & Experience During its 30 years of experience, Terranova has leased and managed millions of square feet of retail space in neighborhood shopping centers, strip center and urban street -front retail projects. The parking garage project requires a firm experienced in street front retail. Four examples of Terranova's street front experience include: • Miracle Mile - a scattered site portfolio of urban street front retail and second floor office space representing more than 78,000 square feet of rentable space. Affiliates of Terranova acquired this project in joint venture with BlackRock (NYSE: BLK) in 2004 and has since served as the manager and leasing agent for the property; • Lincoln Road - a scattered site portfolio of more than 65,000 square feet of ground floor retail, 2nd floor office space and the planned development of 2 story retail. This project was acquired in 2011 in a joint venture between Terranova and Acadia Realty (NYSE: AKR) and Terranova serves as manager and leasing agent; • Suniland Shopping Center - a retail strip center focused heavily on restaurants and service tenants in the Village of Pinecrest. Terranova has been involved as a partner, manager and leasing agent since 1994 and managed over a million dollars in construction improvements in 2007-8. • Vizcayne (FKA Everglades on the Bay) Retail - Terranova was recently hired by Rockwood Capital to lease this ground floor, street front retail at this high-rise condo project located on Biscayne Blvd. in downtown Miami. E. Client List See attached, Tab V: References F. Reference Letter See attached, Tab VI: Accolades G. Project Manger The Project Manager for the Project will be Terranova's Executive Vice President, Mindy Mcllroy. See attached Tab I: Corporate Overview for Ms. McIlroy's biography. Terranova Corporation • 801 Arthur Godfrey Road, Suite 600 • Miami Beach, Florida 33140 • Telephone (305) 695-8700 • Fax (305) 672-7800 Licensed Real Estate Broker w w w.te rra n ova Corp. corn Mindy is particularly suited to this project. She has personally served as the direct leasing agent for Suniland Shopping Center, Lincoln Road and Miracle Mile (described above) and has completed hundreds of leasing negotiations with both national and local tenants. Mindy has extensive tenant relationships and years of experience in planning and executing complex marketing plans for street front retail projects. H. Approach & Methodology See attached Tab II: Leasing Program & Tab III: Marketing Program I. Current Assignments See attached Tab I: Corporate Overview for our current assignment map. Terranova Corporation's assignment are generally stable and subject to market conditions. Typical leasing associates or property managers are assigned to 3 or 4 non -competing projects based several factors including occupancy, total square footage and number of operating tenants in -place. J. Overall Resources Terranova is a boutique retail practice that has an extensive spectrum of in- house services available to it, including the following departments: legal, marketing, market research, graphics design, construction management, accounting, acquisitions, development, capital markets and leasing. Terranova has among its professionals: three members of the Florida Bar Association, a licensed general contractor, and two Certified Public Accountants. See attached Tab I: Corporate Overview for Terranova's organizational chart. K. Litigation Terranova is subject, at any given time, to litigation common to an owner and operator of real property, including numerous Landlord/Tenant matters and collection lawsuits. At this time, none of the current or pending matters constitute a material threat to the Proposer. L. Sub -Contractors Terranova does not anticipate using any sub -contractors. M. Compensation Proposal See attached Tab IV: Fee Structure Terranova Corporation • 801 Arthur Godfrey Roacl, Suite 600 • Miami Beach, Florida 33140 • Telephone (305) 095-8700 • Fax (305) 672-7800 Licensed Real Estate Broker www.terranovaeorp.com Certification Statement Please quote on this form, if applicable, net prices for the item(s) listed. Return signed original and retain a copy for your files. Prices should include all costs, including transportation to destination. The City reserves the right to accept or reject all or any part of this submission. Prices should be firm for a minimum of 180 days following the time set for closing of the submissions. In the event of errors in extension of totals, the unit prices shall govern in determining the quoted prices. We (I) certify that we have read your solicitation, completed the necessary documents, and propose to furnish and deliver, F.O.B. DESTINATION, the items or services specified herein. The undersigned hereby certifies that neither the contractual party nor any of its principal owners or personnel have been convicted of any of the violations, or debarred or suspended as set in section 18-107 or Ordinance No. 12271. All exceptions to this submission have been documented in the section below (refer to paragraph and section). EXCEPTIONS: We (I) certify that any and all inforniation contained in this submission is true; and we (I) further certify that this submission is made without prior understanding, agreement, or connection with any corporation, firm, or person submitting a submission for the same materials, supplies, equipment, or service, and is in all respects fair and without collusion or fraud. We (I) agree to abide by all terms and conditions of this solicitation and certify that I am authorized to sign this submission for the submitter. Please print the following and sign your name: SUPPLIER NAME. TERRANOVA CORPORATION ADDRESS: 801 ARTHUR GODFREY ROAD, SUITE 600, MIAMI BEACH, FLORIDA 33140 PHONE: (305) 695-8700 FAX (305) 672-7800 EMAIL: RGRINDLER@TERRANOVACORP.COM BEEPER SIGNED BY. TITLE: DIRECTOR DATE. JULY 15, 2011 FAILURE TO COMPLETE, SIGN, AND RETURN THIS FORM SHALL DISQUALIFY THIS BID. Page 2 of 35 I. Corporate Overview II. Leasing Program III. Marketing Program IV. Fee Structure V. References VI. Accolades 1 EXECUTIVE SUMMARY Terranova provides the aggressive and creative third party real estate services demanded to maximize the future success of its commercial assets. TERRANOVA DELIVERS: 0 SUBSTANTIAL LOCAL MARKET EXPERIENCE developed over the last thirty years of leasing, managing and developing commercial real estate in Florida with significant positive results as the market's leading operator of open air shopping centers. A EXTENSIVE KNOWLEDGE and experience with the type of leasing procedures that are required to eliminate time wasted training a less experienced firm. Our tenant mix analysis enables us to "hit the ground running" with a focused approach. O PERSONAL INVOLVEMENT of Terranova's senior executives. We supervise our team of leasing, management and construction professionals - not you. ® IN-HOUSE RESEARCH, marketing, graphics, mapping and demographic capability, helping us tailor presentations to meet the needs of potential tenants and creating an unparalleled understanding of the market for both of us. • EXCEPTIONAL RELATIONSHIPS with tenants active in the market and deep experience developed from having operated nearly one hundred million square feet of commercial real estate assets, providing you with the largest team of well connected, high performance professionals in South Florida, with a depth of talent unmatched in the market. e STRONG INTERNAL CONTROLS including rigorous tenant credit evaluation procedures, superior lease negotiations and documentation experience, and comprehensive insurance scrutiny and enforcement standards. ® FULL INVESTMENT BANKING capabilities through our Terranova Capital subsidiary, one of the region's top mortgage and equity brokerage firms, giving up to the minute knowledge and access to debt and equity markets, all from'a single firm. • LOYALTY Our clients have been incredibly loyal, rewarding our years of good service with more and more business. We have a solid history of maintaining enduring relationships, absent a change in ownership. ® COMMITMENT AND COMMUNICATION We deliver the promise and involve you in the process every step of the way as we build value at our retail locations. From our initial contact through final delivery, we are wholly committed to providing first class service. We care more, we live here; we are on -site constantly, and we out -perform the competition. 30 YEARS EXPERIENCE 4.2 BILLION SQUARE FEET LEASED $1 BILLION DOLLAR PORTFOLIO 11 FULL -SERVICE FIRM PERFECTLY SUITED FOR YOU TERRANOVA 2011 TERRANOVACORP.COM . Lit HAN. .VA SUMMARY Terranova Corporation began its history in the commercial real estate management business in 1980; operating the first property for a local partnership. During the ensuing years, more and more projects were added, as the portfolio grew to over eight million square feet with some of the strongest clients from around the world, including New York Life, Travelers Insurance, Prudential, BlackRock Realty, Lincoln National Life, TA Realty, Bank of America, Morgan Stanley, Principal Financial Group, RREEF, Health Management Associates, Inc., GE Capital Realty Group, GE Investments, Bank of New York and Chase Manhattan Bank. Twenty-six years later, we can proudly say that Terranova's primary business is, and has always been, the rendering of professional commercial real estate services to major owners and users of real estate. In fact, it is our only business. Today our comprehensive, commercial real estate services are offered to a select group of clients who require our aggressive, energetic, and creative efforts to manage their real estate needs. Our clients never need to worry that anyone but the best available professionals are taking care of their assets. MEqtrrig.ing OEM Andrei Pintilie Daniel Diaz Juan Franco Rafael Romero ILEQ,SlNG ASSISTANT WIIl Dean t,. M TERN. Spencer Booth Mindy Mcllroy Aline Matas Angelica Casanas --4"MARkffIN 01 tAGER'S Kelliann McDonald Jennifer Coote Liam Sweeney Christian Shern �Llii4EEA5M tSTftATO„�, Mark Antmann Barbara Martinez Siti Dariyah .17 Chris Ramirez Anysabal Rodriguez Brett Chwick David Loewy Josh Stein Stephen H. Bittel Ryan Grindler Roy Reese Rachel Mendoza Charlotte Sevilla gS ?�c�dNT�o'�LL TBD itSRPROP�f�'!; SAC nif,dTS a. Michael Lewis Robert Sambor AVER ezden Julia Bertrand ACONTRACT ACCbUNT•,,ANT, Julianne Hagen TERRANOVA CORPORATION • 801 ARTHUR GODFREY ROAD • SUITE 600 • MIAMI BEACH. FLORIDA 33140 TELEPHONE 305.69.5.8700 • FAX 305.6727500 • WWW.TERRANOVACORP.COtvl D1 FF .411.411 Cenkhan Samilgil Bill Hoolihan Johanna Stumbaugh P, ROPERTYMAN,4, GMIgNT SR3P DPER 'MANAG7=5FSWL - `vb coNSTRUµeTI5 0 D RECTOR OF CpffS �itajiC10 Bob Travis Mario Farnesi ADMI ASSIS .' Gail Deitzman P9QPER77=�i'' AdAGERS Sammy Dawes Maryla Diaz Jennifer DiLorenzo Misty Polanco Wendy Villatoro BULDING' NGINEERS,] Dennis Godoy Buddy Monesar „PORT7 tar, Alridge Edden Eduardo Diaz Fernando Rosa Jesus Aguin Luis Carvajal Melecio Iraeta Noe Toussaint Victor Soto l.I IL„( V\ PROFESSIONAL STAFF Selected Staff Resumes STEPHEN H. BITTEL BIOGRAPHY STEPHEN H. BITTEL is the Chairman of Terranova Corporation, which he founded in Miami in 1980, and where he currently leads a team of 60 professionals in the management and growth of a commercial real estate portfolio valued at nearly $1.0 billion. Bittel's leadership, vision, energy and business acumen has grown Terranova into one of South Florida's leading and most recognized independent real estate firms, providing the entire array of real estate services, from leasing and management to brokerage, development and investment advisement. Bittel is responsible for nearly $2 billion in real estate transactions, and under his constant guidance and foresight Terranova continues to thrive. His trajectory and Terranova's track record most recently gained Bittel the recognition of "Ultimate CEO" from the South Florida Business Joumal. In addition to his role at Terranova, Bittel is the President of Petroleum Realty Investment Partners, which he founded in 1999 as a joint venture with a major investment firm. Bittel graduated magna cum laude from Bowdoin College in 1978 with a degree in economics, and subsequently pursued a law degree, graduating from University of Miami School of Law. He studied for a year in Europe; working with foreign banks, law firms and public companies focusing on problems in foreign investment in the United States under a grant from the Thomas J. Watson Foundation. He is a member of the Florida Bar Association, the Mortgage Bankers Association, a licensed real estate Broker, and a member of the International Council of Shopping Centers (ICSC), serving twice as Chair of the ICSC Open Air Centers Conference, as well as on the ICSC Capital Marketplace Program Committee and the Florida Conference Program Committee. He belongs to the Young Presidents Organization, serving as the YPO Miami Chapter Chairman and the Chairman of the International Real Estate Roundtable for two years. He has written numerous articles on real estate matters, and spoken at prestigious conferences and universities throughout the United States and Europe. Beyond real estate circles, Mr. Bittel has been active in the Greater Miami Jewish Federation and previously led the Southeast U.S. Region of.the United Jewish Appeal Young Leadership Cabinet. He has been a Trustee member of the Greater Miami Chamber of Commerce, as well as of the Temple Beth Am Board of Trustees. He has served as a Director of the Miami -Dade Expressway Authority and the Jackson Memorial Hospital Foundation as well as an outside Director of three public companies. In addition, he serves as a Director of the Community Partnership for the Homeless and is on the Florida International University School of Business Advisory Board. PROFESSIONAL STAFF Selected Staff Resumes MINDY MCILROY BIOGRAPHY MINDY McILROY is in her eleventh year with Terranova. With a track record of over $20 million in leasing deals, Mcllroy currently serves as the company's Executive Vice President, overseeing the leasing and marketing efforts of the retail portion of Terranova's $1.5 billion commercial real estate portfolio in Dade, Broward and Palm Beach counties. McElroy began her commercial real estate career at Terranova, where her talent, professionalism and hard work fueled her rise through promotions from Leasing Trainee to Commercial Associate to Associate Director to Director, Senior Vice President, and now Executive Vice President. Mcllroy is an active member of the International Council of Shopping Centers (ICSC), now serving on the Florida Conference Committee and having previously served in planning position with Next Generation Committee and The Miami Dade Committee. Prior to joining Terranova, Mcllroy worked with Starwood Hotels and Resorts and was responsible for the sales and marketing efforts of the company's properties in the South Florida market. Originally from upstate New York, Mcllroy is now an entrenched Miami resident and an integral part of Terranova's growth and success as one of South Florida's leading real estate firms. -11-.1tIG\ NOVA PROFESSIONAL STAFF Selected Staff Resumes B. WILLIAM HOOLIHAN BIOGRAPHY B. WILLIAM HOOLIHAN is Vice President of Terranova Corporation's Asset Management division overseeing all property management aspects of the $1 billion portfolio. Mr. Hoolihan has over 30 years experience in commercial real estate. Prior to Terranova Mr. Hoolihan was the President of the Hoolihan Realty Group engaged in leasing, sale brokerage, property management and advisory services to select clients, served as the President of Abood & Associates Management Inc., where he managed and leased an 800,000 square foot portfolio of commercial real estate consisting of office, retail and warehouse properties; as Chief Financial Officer at Terranova Corporation from 1987-1994 where he oversaw all financial aspects of a 4,000,000 square foot portfolio consisting of primarily retail and office properties and served as Vice President of Accounting at IRE Financial Group where he participated in the acquisition of $500 million dollars in commercial properties through public real estate syndications. Mr. Hoolihan graduated from the University of Florida School of Accounting with a B.S.B.A. degree and is a licensed Florida Certified Public Accountant, Florida Real Estate Broker and Florida Mortgage Broker. I'1:1:It,1 �t.11'ri CORPORATE INFORMATION RETAIL PROJECTS Biscayne Plaza Boca Valley Plaza Citrus Park Concord Shopping Plaza Coquina Plaza Courtyard Shops at Wellington Crystal Lakes Plaza Cypress Lakes Town Center Dolphin Plaza Diplomat Mall Doral Isles Doral Plaza El Mercado Flagler Park Plaza Flamingo Plaza Florida Shores Hammock Plaza Hawk's Crossing Homestead Plaza Indian River Shopping Center Jupiter Farms Recent Representative Assets SIZE LOCATION 350,000 121,000 84,197 326,000 91,120 109,289 120,000 245,000 100,000 335,389 75,337 110,176 100,000 349,926 272,800 87,000 50,000 69,749 214,940 132,000 87,830 Kendall Mall . 300,000 Miami Gardens/441 Shopping Center 220,000 Miracle Mile 29,398 Mission Bay Plaza 272,865 No. 1 Marketplace 120,000 Old Village of Englewood 75,000 Patin Johnson Plaza 100,000 Palm Plaza 97,618 Palm Springs Plaza 204,000 Paraiso Parc 85,000 Parkhill Plaza 120,101 Pembroke Crossing 290,000 Penn Dutch Plaza 152,260 Plantation Crossing 75,000 Plantation Marketplace 230,357 Polo Club Shoppes 124,854 Publix at Indian River 55,000 Miami, FL Boca Raton, FL Tampa, FL Miami, FL Pembroke Pines, FL Wellington, FL Homestead, FL Tamarac, FL Miami, FL Hallandale, FL Miami, FL Miami, FL Hialeah, FL Miami, FL Hialeah, FL Daytona Beach, FL Miami, FL Coral Springs, FL Homestead, FL Vero Beach, FL Jupiter, FL Miami, FL North Miami, FL Coral Gables, FL Boca Raton, FL Hialeah, FL Englewood, FL Pembroke Pines, FL Miami, FL Lake Worth, FL Pembroke Pines, FL Miami, FL Pembroke Pines, FL Margate, FL Plantation, FL Plantation, FL Boca Raton, FL Vero Beach, FL CORPORATE INFORMATION RETAIL PROJECTS Sawgrass Center Sheridan Plaza Sheridan Square Shoppes of Boynton Shoppes of Cresthaven Shoppes at Paradise Lakes Suniland Shopping Center The Plaza at Beacon Centre T.J. Maxx Plaza Trail Plaza University Mall Universal Plaza Villages of Oriole Plaza Westfork Plaza Weston Lakes Plaza Recent Representative Assets (Continued) SIZE 84,000 460,320 67,415 178,000 175,932 83,597 86,000 440,000 162,000 180,000 300,000 234,000 178,000 251,783 96,342 LOCATION Coral Springs, FL Hollywood, FL Dania, FL Boynton Beach, FL West Palm Beach, FL Miami, FL Miami, FL Miami, FL Miami, FL Miami, FL Pembroke Pines, FL Lauderhill, FL Delray Beach, FL Pembroke Pines, FL Weston, FL 581;1 Pell an`l ' atilVd9,41b8 ahoy oIfidal uiita 5itl al' ilti ilea WOMB Broward County 1 L argairgyagrgortou. Wiles Rd W Sample Rd Rnynt Rai Blvd W Atlantic DAM Crestlinvan Blvd. Lake Wo,th Rd GF ilte ltifiiaiftCe6[l1,Wg blides w P 30a6 s 34`31 3'tiantic W Con1111Prrinl Blvd Oakland Park Blvd Miami -Dade County Iplaia 157Q'I:ur1f8Q7; hePi i ia§t t128 est#FIi113151a 1i5 0��„ _ 99ilitliestrd 307 O S11nni50 Blvd VJ Browol cl Blvd pefhi�J6hff 1T pl�ia 60,01010gtaiht SW S6111 Sr SW ; 2nd St NW 25th St Dolphin Expy sw i(ef _ disi TAk s N > SW ARth s W 104th Sl artrkitriWSHiefigyillaVe tiF SW Milli SI SW 1II4th SI SW 200111 St SW 216111 S1 41, NW 21(15 St .� MIA 666 a1 ite"t1€�oadrCoiirta�iis� S dIhM1ifellt 5 o pcsAlV`as D'a t199itil Skfii"td' ESgeDtstr ttidi# Eiite Biscbnr?°P. iaza 55 E 79ii 5t 331:38 Re7i Si;1 aka'ga 333d;2nv3337 ,eF e% Ca'tpi i:ati' 0611 t400 ii EFI .A 1h &KGo freyl Office, 1;674�iViridiA`'e 33`139, 'incdliftge ails 71=1ot1id;L'ili c6160ieta f/izca9h 244.►Biscay a illefrrdti33; 32g` f = 4585 P�,Sii" ' 45851ii1oifii;e eLoo e'B 03 " fi -,aggits22— NORTH Property of Terranova Corporation - 801 Arthur Godfrey Road, Suite 600 - Miami Beach, FL 33140 Tel. 305.695.8700 - Fax 305.672.7800 - www.terranovacorp.com I TERRANOVA CORPORATION Market Survey Report Leasing Program Terranova agents will canvas the entire retail submarket on foot and identify competitive projects and will produce a competitive market report. Additional follow up and research will be done to establish market rental rates. Market survey reports are updated quarterly. Tenant Mix Analysis Terranova will produce a tenant mix analysis to determine need for certain services or retailers within the submarket. Information culled from the market survey will be inputted into our tenant mix database. The data is synthesized and produces a list of retail categories to target in our marketing efforts.. • Marketing Campaign Marketing is the key to reaching as many possible tenants as possible. Terranova's marketing is described in detail in the next section. Credit Review Terranova considers tenants through the eyes of an owner that wants a long-term relationship with tenant. To further this goal, Terranova maintains a credit department separate and apart from our commission - based leasing operation. Once a potential tenant is identified, the tenant must go through a rigorous credit review of the prospects operating and financial capabilities. Potential problems will be detailed to the client along with suggestions for mitigating risk. • TERRANOVA CORPORATION Marketing Program r� ,44ig Task`,.._, , -� � Brochure ription { ;.� r, A, :fir s� �, , n .� Terranova will design a custom brochure for your property and distribute it at industry events, prospects and through our website: www.terranovacorp.com • Demographic Study Terranova will conduct a detailed demographic study of a customized trade area to determine your customer base and relay that information to potential tenants. Site Plan Terranova will design a customized conceptual site plan. As required, we will prepare special site plans for prospects with different needs. E-Mail Blasts Terranova has a strong online presence and utilizes e-mail marketing. (see the summary later in this section for more details) Broker Events Terranova hosts an annual broker's event to maintain relationship with tenant brokers. (see the invitation for our last event later in this section) Conference Presence Terranova maintains a significant presence at the major national and Florida conferences hosted by the International Council of Shopping Centers. Urban Retail Report Terranova compiles several market research reports.each year, .. . including a recent report on Urban Street Front Retail. All of Terranova's reports are available to the public for free at www.terranovacorp.com- Signage Terranova will design a signage package that will make your project standout to prospective tenants. Lilciti gni veragehcornes verdge-, e, e ousingYalup, 205,445 436,542 $53,636 $53,296 41 41 $255,865 $235,789 • 57,000 SF of ground floor retail, with residential apartments on upper floors G Frontage on Biscayne Blvd., NE 2nd St., and NE 3rd St. • Opportunities ranging from 1,000 — 12,000 SF G. Across from the beautiful greenway of Bayfront Park Join This Newly Constructed Ret.,*1 Property! CALL US TODAY FOR LEASING INFORMATION! 4.11, ,--,q_.••••' • • 7•1*,•:1•, WWWAERRANOVAGORRC Radius 1: 244 BISCAYNE BLVD, MIAMI, FL 33132-2286, aggregate Radius 2: 244 BISCAYNE BLVD, MIAIVII, FL 33132-2286, aggregate Radius 3: 244 BISCAYNE BLVD, MIAMI, FL 33132-2286, aggregate Description 0.00 -1.00 miles 0.00 - 3.00 miles 0.00 - 5.00 miles Radius 1 % Radius 2 % Radius 3 % 2015 Projection 2010 Estnafe 2000 Census ;990 Cerisis' Gi owth 1990 '2000 30,915 25,068 15,232 12;224 24.61 %a' 219,445 457,445. 205;868 436542 170,507 393,737 168,04 40065: 1:31•%0 1.95% 2015 Projection 2010 Estimate:: 2000 Census 1'990 Ceisu's"'' Growth 1'990 = 2000 010rst'opWationbyr_ e�®lassiticat�on.� White Alone Black or`African American Alone American Indian and Alaska Native Alone Astan Alone Native Hawaiian and Other Pacific Islander Alone Some Other Race Alone Two or More Races 14,779 90,678 184,843 13,299 : 84,401 17$751 6,607 67,729 156,679 5,745 65,1 52157016 15 00% 3.96% -0.21 % 28,068 205,868 436,542 18,739 66.76 151,697 73.69 300,666 68.87 6;279 22.37 26;659 12:95 84 860 19t44 74 0.26 63,8 0.31 1,182 0.27 421 150 2;032 0.99 ;865 0.89 28 0.10 139 0.07 270 0.06 1,406 5.01 15,074 732 24,407 5 59 1,121 3.99 9,629 4.68 21,292 4.88 28,068 205,868 436,542 Hrspanrc;or Latino Not Hispanic or Latino 0uI.!O.liFenur 1of Oceupi'e Housing :nits Owner O'ccup�ed Renter Occupied p 0`Av era `yo pu storm S> 18,029,•. 64 23 10,039 35.77 13,299 147,738 71.76,, 58,130 28.24 84,401. 278;507 63.80 158,035 36.20 175,751 2 289;',17.21 11,010 82.79 24,771 29 35... 59,629 70.65 61,625 3506 114,125 64.94 1.92 2.31 2.40 n i else n Prepared On: Tues Feb 15, 2011 Page 1 Of 3 Prepared By: Nielsen Solution Center 1800 866 6511 SITE ;%EP RT5 Prepared For: 0 2011 The Nielsen Company. All rights reserved. Radius 1: 244 BISCAYNE BLVD, MIAMI, FL 33132-2286, aggregate Radius 2: 244 BISCAYNE BLVD, MIAMI, FL 33132-2286, aggregate Radius 3: 244 BISCAYNE BLVD, MIAMI, FL 33132-2286, aggregate 0.00 -1.00 miles Radius 1 13,299 4618 34 72 1,631 12.26 1,239 932 1,484 11.16 1,52Q 11:$9 639 4.80 5,89.: 4 43 485 3.65 381 2.86'> 564 4.24 142 147 Description Osf�a'Ids Iiicome Le"ssthan $1 �,000 Income $15,000 - $24,999 Income $2,000 $34,9.49 Income $35,000 - $49,999 • Income $50,000 $74,999 Income $75,000 - $99,999 • Income $100,000 z"$124999 Income $125,000 - $149,999 Income $1'S0,000 °$199,999 Income $200,000 - $499,999 hcome $500 000 and over``. 20110 Est Ner ge louseho % 0.00 - 3.00 miles Radius 2 % 0.00 - 5.00 miles . ,Radius 3 % $56,980 84,401 25;300 29.98 12,193 14.45 9,758 11.56 10,612 12.57 10,068;. 11.93 5,343 6.33 3,3s4 4.01 2,101 2.49 2470. .2;57 2,661 3.15 812 0.96 $53,636 0ili0 st Tian Householdllncome:, $28,242 $29,825 $28,314 $22,759 175,751 48;920 27.83 25,257 14.37 20814 .11:84 23,379 13.30 23,400 13:31 11,910 6.78 70.77 4.20 4,067 2.31 4137 2;35 4,883 , 2.78 1,605 0.91 $53,296 $31,581 $21,961 ejbySingle cc Glass or White Alone Black or'Afrtcan Atrierican Alone American Indian and Alaska Native Alone Asian Alone Native Hawaiian and Other Pacific Islander Alone Some Other Race:AAlone . Two or More Races Hispanic or Latino Not Hispaiiic.or_Latino 32,148 16;$63 34,432 43,01 Z. 21,667 37,024 17,037 26,301 31;948 31,512 20,704 33,571 45 855 43,750 30;945 . 24,188 25,944 44,401. 34,651 21,181 31,296 4$;1-69 50,556 31180 27,088 29,006 37;R17 lc l s c 11 Prepared On: Tues Feb 15, 2011 Page 2 Of 3 Prepared For: Prepared By: Nielsen Solution Center 1 800 866 6511 U 2011 The Nielsen Company. All rights reserved. , iTE SPORTS BUT DO EMAIL BEASTS WORK? It's true that brokers and retailers receive dozens of emails every day advertising new availabilities every day. So how do we make sure ours get noticed? Research, planning, and design. USE -BASED EMAILS In our approach to leasing, we focus on creating a tenant mix that will add value to the property, while best serving the community. Once we've researched and planned this approach, we craft email blasts focused around specific opportunities that will fit each use. OPT -IN AUDIENCE In sending our email blasts, it's also important to note that we never send emails to anybody who has not agreed to receive them. This ensures that our audience is in fact interested in what we have to say. We've built a large database over the. years of quality brokers and retailers, who are fit to fill your space. CAN YOU PROVE IT? We can, actually. We use a sophisticated email tracking system that notifies us who opens our emails, when they open them, and how interested they are in what we have to say. All this information gets compiled into a report for each email blast, so we can track our progress and make sure we are doing all we can to improve open rates. ABOVE AVERAGE RESPONSE The Real Estate industry average open rate is at just 14.8%, but our average sits at 32%. The Industry Average: 14.8% Our Average: 32% Our Average vs. the Industry TERRANOVA 2011 TERRANOVACORP.COM N N)E1 SMME 'NANNY Ni6 SNAONVIEL INTERNATIONAL COUNCIL OF SHOPPING CENTERS: TRADESHOWS BmcoLN ROAD SHOPPING IN STYLE TARKING GARAGE HIGH END 121 COFFEE / ICE CREAM Fa • RETAIE HER MI PARKING tOT MIE RANGE El AVAILAS11 COMNC SC)ON ffl :01.DAE!1•5K PREPARED BY TERRANOVA CORPORAHON STREET ANALYSIS Line n oad Between Alton Road & • Washington • Avenue 40 Vacancy Rate $151.40 Avg. Asking Net Rent $140-$162.50 Avg. Asking Rent Range Figuring as South Florida's strongest retail street, Lincoln Road is.further enhancing its crowd -pleasing features. Forever 21, currently orie of the, most successful fashion retailers in the industry, announced plans for a multi -level, signature store on the boo block. Two blocks east, the former Lincoln Theater is undergoing a major. redevelopment. And on the western end of the street, developers completed an eye-catching parking garage with meeting and residential space on the top floor and a cadre of cutting edgeretailers on the ground floor. Lincoln Road's vacancy rate of 4% is virtually unchanged from a year before. Average asking rent of $151 per square foot is 13.5% higher than $133 a year before. NEW PROJECTS • Lincoln Theater Redevelopment New owners are converting the historic theater at 541-555 Lincoln Road into a multi -level retail building, with Swedish retailer H&M rumored as anchor. Former tenant New World Symphony moved into newly built headquarters one blockbehind the theater, part of a synergistic plan that will include -a 2.5-acre city park and a 550-space parking garage with 7,000 sq. ft. of ground level retail and a projection wall to -feature video presentations of New World concerts. COMPLETED • iiii Lincoln Road A 5-story parking garage with event space and a penthouse apartment on the top floor, and retail space on the ground floor, has opened on the NE corner of Lincoln Road and Alton Road. Opened tenants include Shake Shack, the first non -New York location of the popular Manhattan burger joint, German book company Taschen, coffee marketer Nespresso, and local fashion retailer Alcheinist, which opened there its second Lincoln Road location. Soon -to -open is restaurant Rosa Mexican. The project included the conversion of the westernmost block of Lincoln Road into a pedestrian street, and is designed to include a $1.7 million water sculpture. MERCHANT MOVES New York restaurant Serendipity will open at 1102 Lincoln Road, a space formerly occupied by custom jewelry and accessory store Cavurotto. Crepes Etc. opened at 1120 Lincoln. Fashion retailer Express replaced Ann Taylor Loft at 1o36 Lincoln. Clothing boutique 7 For All Mankind replaced Napapijri at ioo8 Lincoln, and shoe store Camper. replaced Steve Madden at 1006 Lincoln. Eno's Wine • Bar opened at 92o Lincoln Road. Fashion retailer Guess by Marciano opened at 904 Lincoln Road. Popular fashion chain Forever 21 will open a signature store at'7o1 Lincoln, on the site of the former Ferrari store. Madewell, sister company of clothing retailer J. Crew, will open at 714 Lincoln Road, replacing Off The Wall, which relocated to 609 Lincoln Road. Gallery deja vu opened at 631 Lincoln, replacing Nutritional Power Center. Mixx, which used to be a 665 Lincoln, has reopened at 64o Lincoln, where Agora used to be. Starfish Restaurant replaced Miamian Creperie at 626 Lincoln. Chocolate store Kilwin's replaced Fragrance Shop at 612 Lincoln. The Shop, a shoe store, opned at 53o Lincoln, replacing 9th Chakra, which relocated to Alton Road. De Luca Restaurant replaced Raphael Restaurant at 52o Lincoln Road. Yogen Fruz and sports clothing store Lids replaced Jewelry Exchange at 521 Lincoln Road. Novecento@Santo restaurant closed at 43o Lincoln Road. Swiss Maker snack cafeteria closed at 410 Lincoln. DEMOGRAHICS • Lincoln Road is in the North -Miami/Beaches submarket..This submarket has an estimated 2010 population of 220,946, higher than 211,663 in 2009. The population is 4o% Hispanic and 28% African American. Median age is 41 and average household income is $65,683. Population in this submarket declined 1.9% between 2000 and 2010, but is projected to gain 1% by 2015. Daytime population in this submarket is estimated at 61,383. Las Olas ou1evard Between SE 6th Avenue t0 SE 16th Avenue 10.2% Vacancy Rate $29.15 Avg. Asking. Net Rent $12-$32 Avg. Asking Rent.Range Las Olas Boulevard in Fort Lauderdale abounds with local art galleries, restaurants, nightclubs and stores, and although Chico's and Sunglass'Hut are -found here, this street has a minimal presence of national chains, making it an authentic Fort Lauderdale shopping and dining experience. Long-established local landmarks include the Floridian Restaurant and the upscale clothing store Maus & Hoffman. Average asking net rent decreased 2o% over the past year, as landlords work to keep vacancy at bay. Vacancy increased slightly to io.2%from 9.8% a year before. A planned addition to the Riverside Hotel has been put on hold, and a high -profile corner of the street remains vacant after a restaurant operator opted to open elsewhere. NEW PROJECTS Luigi's Coal Oven Pizza is under construction in a free-standing building at 1415 E. Las Olas, the former site of Lipstick Lingerie. MERCHANT MOVES Pan'e Dolci Italian Bakery opened at 613 E. Las Olas Blvd., in the former .Art .Cavixi space., Hamilton Gallery replaced Mind's Eye Gallery at 615 E. Las Olas. Clothing boutique Lyca Blu opened at 701 E. Las Olas; replacing Bijou and Color. D'Angelo Realty. Group replaced MAC Fine Art at 709 E. Las Olas. Casa Chameleon closed at 619' E. Las Olas. Grand Forno Cafe opened at 704 E. Las Olas. Better Homes'& Gardens Realty replaced Prudential Realty at 811 E. Las Olas. Objets d'Art closed at 813 E. Las 'Olas. Castelli Real • Estate opened at 823 B. Las Olas, formerly occupied by clothing boutique Luxe. World• of .Yogurt will open at 8o6 E. Las Olas, replacing Aldo's. King's Decor and Fine Arts replaced Lilly Pulitzer at 814 E. Las Olas. Hair salon Yellow Strawberry, a long-time merchant at 1007-1009 E. Las Olas, closed. Cafe Europa opened at 910 E. Las Olas, while Las Olas Cafe closed at 92o E. Las Olas. SoLita Restaurant opened at 1032 E. Las Olas, where Marks Las Olas used to operate. RL 52 Realty & Gallery replaced Vogue Couture at to34 E. Las Olas. Trata Greek Taverna replaced Teal Bistro Americana at 1103 E. Las Olas. Asia Bay restaurant opened at 11o9-1111E. I.as Olas, where Stork Bakery was located. Mission Gifts Art Gallery opened on the ground floor of.the Himmarshee Landing building at 120o E. 1 as Olas. Vero Design opened at 1209 E. Las Olas, in the space formerly occupied by Bennett Uomo, which relocated to 713 E. Las Olas. Aqua Beachwear opened at 1213 E. Las Olas. Euro • • Antiques replaced Sohokarma at 1233 E. Las Olas. Iren.Iren hair salon closed at 1261 E. Las Olas. Rocco's Tacos will open at 1313 E. Las Olas, formerly the site ofSmith &-JonesBar & Grill. Eten Food Co. opened at 1404 E. Las Olas. Magnum Opus Audio closed at 1511 E. Las Olas. Barbara Young Bake Shop opened at 1523 E. Las Olas. DEMOGRAHICS Las Olas Boulevard is in the Dania/So. Fort Lauderdale submarket. This submarket has an estimated 2010 population of 118,073, lower than the 2009 estimate of 119,775. The population is 25% African American and 16°o Hispanic. Median age is 42 and average household income is $73,947. Population in this submarket grew 7.8% between 2000 and 2010, and is projected to grow another 3% by 2015. Daytime population is 174,727. s. Mbne :tut esperise I,crvss sn6:tar,uN knistia lu of um market marsmerrrs tun t iv.s�im •e.+rri 40I dnlvated iniorm4 I t - Mir hutiA rim<n,. r l:rba R ail Rerso aal uh+.. 1 ir. y,urta F'aNVs lion sus, reunl ilesm:Atm aed nsmdrr :hem to the.bump na tenter f.n vn,e intormaa,m. n m roes its". m..+rt in a,li ssl Lunar. ;Luce suit usani�. ai r_rt.m xprl,.mm . SU BMARKET:MAP , VACANCY,. . SUBMARKET POPULATIONS"•' -.ir!f_•yaan.:. t.,t fi tit iftM rilin tillitilit 33� 979 1111P If11 t t t ti :. fl t it ti matamomcmm1116PP P.F"1"eaaamaaommo ff I II fr ti'`UtRiknlif rim fr fit' 6 Sf tHitfrr Viii��illft 3.9,49 (�1({�I�I�jI (� �@ ([�� �p p� I�1 omoemummumem®mnmmmammemmammommammemmm ll'I II 11 t. 11.'��11'�li II IIt;ff U ,2‘0I0 w-s,= 1111111111111111173173 �1 �p��m�`�m���m'�.:.��J'ImI 11 II.11 11 � II IJ•'`0 SOUTH FLORIDA RETAIL STREET SNAPSHOT URBAN RETAILSTREETSi RENT CHANGE Road Sid"u ' Mt:Atte !LIRA VISUALIZINGTHENUMBERS Iub:et of tinier svivn rt+a0nie=sneraR, aiicz rents.Th'sl'rkero(he Ttisallows Rs to le the d'dlencailwh bemsn turns .0 Lm eem.ezn li.xdn Read Lot 0lvs Boolwo,d Max, Mile Clamoiis Street Li. NTORY L_l. n, 2010 �_ in.2010 5259477 sf mmamnaommam®msame-aaoeaemmemeammaaasaaamaoseaaeaa man amen MMMMMMemm 120.3812 me6mamm Cme Ommmmmmmmm111219 RENT & VACANCY. IN STREET RETAIL SPACE VS. SHOPPING CENTER SPACE v�: • 41" 24" asT eirprigyacp i451Wvww erranovado 27" 24" 24" -4: . • -,"••• . -4-7.7.!:."75straSei - IP -01114/41143,... "214;7,1 Leasing & Market Research Services Proposed Fee Structure °FeeStructur • $5,000 flat monthly fee during months 1-6 of Leasing Services. This fee is inclusive of all services including: o Research on other ballpark -related projects in other cities; o A comprehensive market survey and corresponding competitive mark analysis and report; o A competitive use analysis and report; o. Periodic attendance at meetings or hearings of the stakeholders; o Active marketing of the of the listings. • Beginning with the 6th month; a $5,000 monthly retainer which may be offset by future leasing commissions. • A 6% commission on the net rental value (up to 10 years of. term) of any fully executed lease. • Preapproved out-of-pocket expenses • If the contract is terminated before the end of the 12th month, a $20,000 fee will be charged to compensate proposer for its considerable startup expenses. Marketing • $10,000 Upfront Budget for signage,.mailings, window signs and other marketing materials and a kickoff broker's event; • Beginning in the 2' month, $1,500 per month continuing until the retail bays are fully leased. Property Management • The greater of 4% of gross project revenue or $5,000 per month plus the reimbursement of the portion of an on -site property manager's salary and benefits (estimated at no more than $15,000/year). • If specialized accounting software is required, the Proposer's reasonable costs to purchase the software and train accounting staff must be reimbursed. Terranova's accounting staff • currently operate and are trained in Yardi software. • If the contract is terminated before the end of the 12th month, a $20,000 fee will be charged to compensate proposer for its considerable startup expenses. Terranova Corporation • 801 Arthur Godfrey Road, Suite 600 • Miami Beach, Florida 33140 • Telephone (305) 695-8700 • Fax (305) 672-7800 Licensed Real Estate Broker www.terranovacorp.com TERRANOVA CORPORATION Client References Reference Relationship Details Mr. Christopher Fraioli Vlanauing Director Real Estate BlackRocl:.(NYSE: 131,IC) 40 East 52nd Street New York, New York 10022 'telephone: 21.2.810.591 1 Terranova has been a partner and third party leasinu agent and property manager since 2004 on over a million square feet of retail, office and industrial properties. • Mr. •Scott Farber Vice President 'BVT • 400 l•nterstate North Parkway, Suite 700 • Atlanta, GA 30339 'Telephone; 770..618.3515 Terranova has been a third party leasing agent to BV.1 on their entire South Florida retail portfolio for over a decade. Mr. Joel Braun Executive VP & Chief Investment Officer Acadia Realty Trust (NYSE: AKR) 1311 Mamaroneck Avenue, Suite 260 White Plains, NY 1.0605 •914.288.8146 Terranova and Acadia recently purchased a portfolio of properties on Lincoln Road. Terranova serves and the leasing agent and property manager for the partnership. LACKROCIC July 14,2011 City of Miami Purchasing Department 444 SW 2nd Avenue, 6th Floor Miami , Florida 33130 RE:. Letter of Recommendation To Whorn It May Concern: Terranova Corporation has worked with BlackRock Realty as a joint venture partner and third party real estate advisor for more than seven years: During this period, -Terranova has successfully leased and managed -over a million square feet of property in retail, office and industrial asset classes for BlackRock. I have personally had the pleasure of working with the professionals at Terranova for many years and would strongly recommend them for urban retail leasing projects. Should you have any questions about Terranova, please feel free to contact me directly. Sincerely, 4/6— John Kent, Jr. Vice President BlackRock 40 East 52nd Street New York NY 10022 Tel 212 754-5300 www.blackrock.com July 14, 2011 City of MiNnii Purchasing. Department 444 S W 21 6ffi Floor Miami, Florida 33130 • To Whom It May CJicicern: BVT has enjoyed a decade long working re',atioshii.; with Tel-1'3110\in Corporation. ['WT. Cerman-based investrnem inal•-•iager, Currently owns, manag,es or invests in a diverse mix of properti(:s located across the United States. BVT choose Terranova to lease iheir South Florida retail portfolio, which included 6 propertiesat its•peak. have very much enjoyed working vvith thc Terranova team. You -will-find them to be creat ye, haid- vorkino :awn!) that vill add value to your retail projects. you would like to know more about our outstanding relationship with ".1erranoya, please give me a call. Thank vOu. Sincerely, ------- con Fa'—rt•)er Vice .President .BVT Management Services, Inc. 7'1 400 Interstate North Parkway . Suite 700 . Atlanta, Georgia 30339 770.618.3500 . fax 770.618.3578 . www.bvt.com Letter of Interest Per (RFLI) 275273 Prepared for The City of Miami From WLS, L.C., a Florida limited liability company d/b/a NAI Miami Commercial Real Estate Services Worldwide July 14, 2011 • • • Certification Statement Please quote on this form, if applicable, net prices for the item(s) listed. Return signed original and retain a copy for your files. Prices should include all costs, including transportation to destination. The City reserves the right to accept or reject all or any part of this submission. Prices should be firm for a minimum of 180 days following the time set for closing of the submissions. In the event of errors in extension of totals, the unit prices shall govern in determining the quoted prices. We (I) certify that we have read your solicitation, completed the necessary documents, and propose to furnish and deliver, F.O.B. DESTINATION, the items or services specified herein. The undersigned hereby certifies that neither the contractual party nor any of its principal owners or personnel have been convicted of any of the violations, or debarred or suspended as set in section 18-107 or Ordinance No. 12271. All exceptions to this submission have been documented in the section below (refer to paragraph and section) . EXCEPTIONS: We (I) certify that any and all information contained in this submission is true; and we (I) further certify that this submission is made without prior understanding, agreement, or connection with any corporation, firm, or person submitting a submission for the same materials, supplies, equipment, or service, and is in all respects fair and without collusion or fraud. We (I) agree to abide by all terms and conditions of this solicitation and certify that I am authorized to sign this submission for the submitter. Please print the following and sign your name: SUPPLIER NAME. (N ill M I ADDRESS. g(0, SO orh > XiC `ao h a)o ?a); or /9. i'L3m6 PHONE: -9 - y OOD FAX• 3 5 � -3 � - DO EMAIL: crte SIGNED BY - TITLE: N n 1,1 G Ire0113EEPER• DATE. -TA LO 1 i FAILURE TO COMPLETE. SIGN. AND RETURN THIS FORM SHALL DISQUALIFY THIS BID. Page 2 of 35 a ii1 rr t tmi KENNETH ROBERTSON JOHNNY MARTINEZ, P.E. Chief Procurement Officer City Manager ADDENDUM NO. 1 RFLI No. 275273 July 14, 2011 Informal Request for Letters of Interest (RFLI) for Real Estate Leasing and/or Property Management Services TO: ALL PROSPECTIVE PROPOSERS: The following changes, additions, clarifications, and deletions amend the RFLI documents of the above captioned RFLI, and shall become an integral part of the Contract Documents. Words and/or figures stricken through shall be deleted. Underscored words and/or figures shall be added. The remaining provisions are now in effect and remain unchanged. Please note the contents herein and reflect same on the documents you have on hand. The following Sections of the RFLI document has been amended as indicated below: 2.20. EVALUATION/SELECTION PROCESS AND CONTRACT AWARD (6) Proposers shall be required to make oral presentations before the Evaluation Committee as part of the evaluation process. The presentations shall be recorded and are currently scheduled to take place either Monday and/or Tuesday, July 18-19, 2011. Final dates and times will be provided by addendum. by no later than the end of day on July 15, 2011. 3.1. SPECIFICATIONS/SCOPE OF WORK: — • IV. PROPERTY MANAGEMENT SERVICES (Optional) The City reserves the right to award or not to award these optional services in its sole discretion. 5.1. EVALUATION CRITERIA Individual Evaluation Committee (Committee) members will evaluate proposals based on the 100% evaluation criteria defined herein. These individual numerical scores, per Committee member, will then be converted into ordinal ranking numbers (1, 2, 3, 4, 5, etc.), from highest to lowest, with the highest numerical score receiving the 1 ordinal ranking. Tied numerical scores will receive the same ordinal number and succeeding ordinal numbers will be skipped to offset the total number of scores that were tied (1, 1, 3, 4, 5, etc.: 1, 2, 2. 2, 5, etc.). Ordinal scores for all Committee members will then be totaled in the aggregate. The proposer who receives the lowest total overall ordinal score will be the highest rank proposer. The proposer who receives the second lowest total ordinal score will be the second highest rank proposer, etc. ALL OTHER TERMS AND CONDITIONS OF THE RFLI REMAIN THE SAME. KR/ ms Cc: RFLI File cerely, reg.enneth ertson Director/Chief Procurement Officer Page 1 • • Table of Contents A. Executive Summary B. Company Information C. Organizational History and Structure D. Qualifications, Project Experience and Credentials E. Client List F. References G. Project Team Members H. Approach and Methodology I. Recent, Current and Projected Workload J. Company Resources K. Current or Pending Litigation L. Sub -Contractor Information M. Compensation Proposal N. Other Pertinent Information • s A. Executive Summary The New Marlins Stadium along with the four (4) parking garage buildings, surface lots and park space is being constructed on the historic Orange Bowl site in Little Havana. The stadium is being built under agreement between the City of Miami, Miami -Dade County and The Florida Marlins, all of whom have contributed funds to the project and have a vested interest in its success. NAI Miami's approach to leasing the retail space will be to enhance relationships between all stakeholders by creating synergies allowing for maximum profitability. We will work closely with the Florida Marlins, soon to become the Miami Marlins, to create a complimentary versus competitive environment for the stakeholders and their respective tenants. At the request of the Miami Parking Authority, and recognizing the timeline to get restaurants and retailers in place by Opening Day 2012 was limited, a low key marketing plan was initiated in early 2011 with the full knowledge there was no formal commitment or obligation to engage NAI Miami as their leasing agent. In our approach, we created "The Ballpark Entertainment District" dubbed BED -Miami in the hopes that the "District" will be the catalyst for future expansion of retail, hotels and growth of the immediate area. Our goals were matched up with the City of Miami to: • Create a dynamic and interesting environment for the ballpark attendee to enhance their pre -game and post -game experience with the intent to extend their visit on both ends of their trip. • Present a flavor of the metropolitan Miami market to the ballpark attendee. • Provide additional retail, restaurant and entertainment support to the immediate neighborhood and the surrounding neighborhoods including, but not limited to, the Health District, the Biscayne Corridor, Downtown Miami, Brickell, Coconut Grove and Coral Gables. • Name of Firm: Address: Telephone: Fax: Email: Name of Contact: Date Incorporated: Principals and Officers include: B. Company Information Federal Employer ID Number: Location where work will be performed: • WLS L.C. d/b/a NAI Miami a/k/a NAI Miami Commercial Real Estate Services, Worldwide 9655 South Dixie Highway Suite 300 Miami, Florida 33156 (305) 938-4000 (305) 938-4002 jlarkinnaimiami.com Jeremy S. Larkin, President 1997 Amandalyn Realty Corp. Jeremy S. Larkin ELS Realty Corp. Edward L. Schmidt R.A.E. Realty, Inc. Robert A. Eckstein HJRBFD, Inc. H. Josh Rodstein 65 0880436 Marlins Stadium Parking Garage Retail Space P1: 1502 NW 7th Street, Miami, FL 33125 P2: 1402 NW 7th Street, Miami, FL 33125 P3: 1502 NW 4th Street, Miami, FL 33125 P4: 1402 NW 4th Street, Miami, FL 33125 • • e C. NAI Miami's Organizational History and Structure Years in business: Established in 1997, NAI Miami has been providing retail and office commercial real estate services for over 14 years. Prior to its establishment as a firm, the Principals and its associates have collectively been actively brokering transactions since 1986. The initial strategy established by the founding partners was to specialize in office and retail 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 and Project Representation • Sales - Acquisitions and Dispositions • Property Management • Corporate Services and Consulting Asset and Portfolio Management Development Services & Project Management • Forensic Real Estate Analysis & Litigation Support • Mortgage Brokerage • Troubled Asset Resolution • Appraisal and Valuation Services 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 expertise. Our objective is to build long-term, mutually beneficial, performance -based relationships with our clients and partners. Your key to any market, large or small, is your local real estate professional. At NAI Miami, our brokers' intimate knowledge of the market and special relationships with property owners, major tenants and government agencies gives our clients the edge. In multi -site acquisition and disposition, this inside market access is critical to success — so you know what is possible and what can become possible. The firm provides services on a global basis through its affiliation with NAI Global. In December 2002, NAI Miami was selected as the exclusive NAI member firm for the Greater Miami metropolitan market and the Florida Keys. NAI Global is one of the five largest commercial real estate enterprises in the world. All offices on the NAI Global platform work with each other to assist our clients to strategically optimize their assets. • • NAI provides their global service platform in over 55 countries, with 375 offices and over 5,000 commercial real estate brokers. During 2010, the NAI Global network generated a transaction volume of $45 billion. NAI Miami is currently very active in leasing and sales from Boca Raton to the Keys. The firm, as owners and/or exclusive leasing and sales agents, has handled the development and redevelopment of projects in the Dania, Miami Lakes, Pembroke Pines, Hialeah, Kendall and Airport West markets; currently 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 and retail users in placing them in strategic locations throughout South Florida. Additionally the firm's principals are responsible for the acquisition, management, leasing, financing and sale of office buildings and shopping centers totaling in excess of 4,000,000 square feet located in Miami -Dade, Broward and Palm Beach counties, Jacksonville; Florida, Georgia, Tennessee, South Carolina, North Carolina and Texas. At NAI Miami, 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, 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. Indicate if City has previously awarded any contracts to the Firm NAI Miami has not responded to any City of Miami requests nor been awarded any contracts by the City of Miami. s • List of all principals, owners and directors Amandalyn Realty Corp. Jeremy S. Larkin ELS Realty Corp. Edward L. Schmidt R.A.E. Realty, Inc. Robert A. Eckstein HJRBFD, Inc. H. Josh Rodstein • • D. Qualifications, Project Experience and Credentials 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. Mr. Larkin has 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 $48,358,000. 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, negotiations 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 feasibility 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 Education M.B.A. University of Miami - Accounting Concentration - December, 1986 Graduated summa cum Iaude, Received Certificate of Academic Excellence B.S. University of Alabama/Tuscaloosa - Majored in Finance and Banking May, 1980; Graduated cum Iaude. 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 February, 1997 - Current Capital Realty Services, Inc. Miami, Florida Senior Vice President November, 1994 - February, 1997 M2 Realty Corporation Miami, Florida Senior Vice President June, 1986 - October, 1994 I.R.E. Financial Corporation Coral Gables, Florida Acquisitions and Portfolio Manager April, 1984 - June, 1986 Southeast Bank, N.A. Miami, Florida Commercial Banking Officer June, 1980 - April, 1984 Professional Affiliations & Designations — Past & Present 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 Greater Miami Hillel, Board of Directors, 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 - Present Pioneer Commerce Park, Homestead, Florida, Chairman (1995 - 1999), Board Member Pinecrest Business Association, Board of Directors Seminole Theater Group, Homestead, Florida, Secretary (1999-2000), Board of Directors, 1997 — 2000 Bet Shira Congregation, Board of Directors, 1990 - Present Bet Shira Congregation, Treasurer, V.P./Finance, Pres.-Elect, President, Immediate Past, President, 1991 - 2001 Foundation of Jewish Philanthropies - Professional Advisory Committee, 1996 - Present Jewish Vocational Services, Board of Directors, Vice President, 1986 - 1991 • • 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 square feet of retail space in the submarkets of Pinecrest, Downtown Miami, Allapattah, Miami Gardens and Hollywood. Colliers Abood Wood -Fay from May 2004 to August 2006, where she served as a Commercial 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 square feet of office space in the submarkets of Kendall, Airport West, Coral Gables, South Beach and Hollywood. Additionally, Ms. Tenn has represented tenants in over 37,000 square feet 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. Professional Affiliations & Designations Licensed Florida Real Estate Salesperson Member, International Council of Shopping Centers Board member Women's Committee Big Brothers Big Sisters of Greater Miami e 0 Jeff Buell, Property Manager Director Background & Experience NAI Miami from November 1, 2001 positioned as Director of Property Maintenance. Mr. Buell's is responsibilities include all maintenance issues for 880,000 square feet of office and retail space, supervising a staff of 8 and vendor relations. Richard — Brandon Company from October 2000 to November 2001, as Director of Maintenance. Mr. Buell was responsible for all maintenance issues for 260,000 square feet of office space in Miami -Dade and Broward Counties. Carrolton School of the Sacred Heart from June 1997 to October 2000. Mr. Buell was Chief of Property Maintenance, responsible for all maintenance issues, planning of improvements for a 17 acre facility, logistics for all school events, supervised a staff of 10 and vendors. Education Indiana University, Teaching Certification, June 1988 Wabash College, Bachelor of Arts, Biology, Crawfordsville, Indiana, May 1984 Professional Licenses and Designations Licensed Florida Real Estate Salesperson Accredited Property Manager — Miami Dade Community College • Project Manager Jeremy Larkin, President, NAI Miami Mr. Larkin founded and is President of NAI Miami. Mr. Larkin is the managing partner of the Company. Under his management NAI Miami has received CoStar Power Broker awards annually since 2005, including 2010, an honor bestowed upon the top 16 real estate companies in Miami -Dade, based on total square footage leased. Mr. Larkin's areas of expertise include landlord and tenant representation, real estate brokerage, mortgage brokerage, consulting and expert witness services, and, property and asset management. Retail projects that Mr. Larkin currently and previously represented include: Property Name • Miami Merchandise Mart • Sheridan Oaks Plaza • Dolphin Plaza • Miami Gardens Plaza • Oak Avenue Plaza • Shoppes of Ives Dairy • Sawgrass Village • Concourse Village S/C • Country Club Plaza North • Gazebo Shopping Center • Caribbean Island Shoppes • Shoppes of Old Cutler Size of Retail Complex 300,000 square feet 50,000 square feet 93,991 square feetr 86,806 square feet 17,500 square feet 24,500 square feet 118,900 square feet 133,000 square feet 86,700 square feet 79,200 square feet 23,450 square feet 15,000 square feet Retailers Mr. Larkin currently and previously represented include: Retailer • Eckerd Drug Stores/CVS • Noodle Kidoodle/Zany Brainy • Hemisphere Bank/Republic Bank • Popeyes Chicken Restaurant, Miami • The Christmas Palace • BankAtlantic • BP Retail Gas Facility Site • Harbor Freight Tools • Payless ShoeSource • BP Retail Gas Facility Site Deal Size 11,250 11,250 3,873 3,200 15,019 5,000 40,000 13,080 4,500 9,000 Lease Value $ 6,725,000 $ 2,695,000 $ 1,380,000 $ 1,256,000 $ 954,100 $ 900,000 $ 895,000 $ 851,643 $ 750,000 $ 630,000 • Mr. Larkin has worked closely with Miami Parking Authority in the capacity of leasing, management and consulting for the past 6 years. Mr. Larkin advised the MPA in the following capacities: Leasing Property Management Advisory and Consulting Services Design Management Project Management To assist the City of Miami, NAI Miami and the Miami Parking Authority commenced a soft marketing campaign to secure interest on leasing the retail bays at The Ballpark Entertainment District without any formal agreements. In concert with the marketing to date, Mr. Larkin approached the Florida Marlins to discuss relationships relative to the Stadium's tenancy and has established a mutually respectful relationship with the team in an effort to efficiently manage the interests of the City of Miami, Miami -Dade County, Miami Parking Authority and the Florida Marlins. • • • Leasing Lisa Tenn, Commercial Associate Ms. Tenn has been active in the real estate industry for over 20 years. She has been named CoStar Power Broker of the Year for both 2009 and 2010 in the retail category, an honor that is bestowed only on the top 15 retail brokers for leasing, based on total square feet leased, in Miami -Dade County. In the last 5 years, since joining NAI Miami, Ms. Tenn's area of focus and specialty has been retail, landlord representation. Current retail projects include: • Sheridan Oaks Plaza, a 50,000 square feet retail shopping center • Dolphin Plaza, a 93,991 square feet retail shopping center • Miami Gardens Plaza, an 86,806 square feet retail shopping center • Oak Avenue Plaza, a 17,500 square feet mixed use building Ms. Tenn is hands-on in preparing all marketing materials. Along with NAI Miami's marketing team, she has been instrumental in preparing the marketing pieces, for The Ballpark Entertainment District. Ms. Tenn has and will continue to perform, if selected, all the leasing duties for The Ballpark Entertainment District. She has dedicated over 50% of her day-to-day efforts on the project to date. Property Manager Jeff Buell, Property Manager Director Mr. Buell has been actively managing and maintaining commercial buildings for the past 11 years. Current management portfolio includes: • The Miami Merchandise Mart, a 300,000 square feet retail complex • Courthouse Center, a 40,500 square feet mixed use building • Oak Avenue Parking Plaza, a 17,000 square feet mixed use building Mr. Buell has hands on experience with managing mixed use commercial buildings comprising ground floor retail bays and parking. Mr. Buell will be available to dedicated 50% of his time to the management of The Ballpark Entertainment District. • s AC# 4 6 O:9 O H 7 STATE OE FLORIDA DEPARTMENT OF BUSINESS"AND PROFESSIONAL REGULATION DIVISION OF READ ESTATE ..: :.. '- � SEQ#L09092203 LICENSE, NBR.,. ` • 09/22/2009 098048397 CQ1009291 The CORPORATION Named below HAS REGISTERED' Under the provisions- ofChapter:475 Expiration date: SEP.30 2011 WLS li C T.\A NAI MIAMI 9. 5.5. S•DIXIE HWY..` MIAMI FL 33.156 CHARLIE CRIST,, GOVERNOR DISPLAY AS REQUIRED,BY' LAW ; -ENSE:: NBR=.: 0�3/18/201,1 100.391191 EK3t07735 T,44BROKER' LI"R�SSED- Tinder the provieions.;of Chapter.; E ptrsdtkon,dateK MAR .4- 2013 DATE - -BATCH NUMBER RVD ORI$T 1SFLAY df2EQUIRED BY LAW. CHARLES SECR,TAR • • E. Client List Provide a complete list of clients for which Firm has provided a similar services Terry Perrin, President CompUSA 7795 West Flagler Street Suite 35 Miami, FL 33144 Tel: (305) 415-2407 Fax: (305) 415-2416 Terry. perrin(c�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, FL Tel: (305) 529-1414 Fax: (305) 529-1466 m i ke b P,wo m etco a nt. co m 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 . b lackberry(cr�att. 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 Mall. • • • 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. • Piencrest Village Center, a 28,000 square foot shopping center anchored by T- Mobile. Juan Cordech, President Panamerican Holding Corp. Citta America, Av. Das Americas 700, Block 01 Conjunto 212, Rio de Janeiro, RJ CEP 22640-100, Brazil Tel: (212) 2132-7213 Fax: N/A jcodercRattglobal.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 miamiparking.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. • Jeremy S. Larkin, President NAI Miami 9655 South Dixie Highway Suite #300 Miami, Florida 33156 Tel: (305) 938-4000 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 93,991 square foot retail shopping center anchored by Winn Dixie Stores, Footlocker and Rainbow Fashions 0 e • F. References • • O 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, �lejfana Argudin Chief Development Officer FSC Mixed Sources Wound e. man. mows c.0 ,vct camw ww 0 MI bred ser.'jnr, rasa • From: chad.horton©autozone.com[mailto:chad.horton©autozone.com] Sent: Thursday, April 01, 2010 11:32 AM To: Josh Rodstein 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 more stores 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 I look forward to a long and productive relationship opening AutoZone's across South Florida. Chad Horton Real Estate Zone Manager AutoZone, Inc. Direct Dial 901-495-8753 Fax 901-495-8300 • • • G. Team Members 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. Mr. Larkin has 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 $48,358,000. 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, negotiations 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 feasibility 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 Education M.B.A. University of Miami - Accounting Concentration - December, 1986 Graduated summa cum laude, Received Certificate of Academic Excellence B.S. University of AlabamafTuscaloosa - 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 February, 1997 - Current Capital Realty Services, Inc. Miami, Florida Senior Vice President November, 1994 - February, 1997 M2 Realty Corporation Miami, Florida Senior Vice President June, 1986 - October, 1994 I.R.E. Financial Corporation Coral Gables, Florida Acquisitions and Portfolio Manager April, 1984 - June, 1986 Southeast Bank, N.A. Miami, Florida Commercial Banking Officer June, 1980 - April, 1984 • • • 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 square feet of retail space in the submarkets of Pinecrest, Downtown Miami, Allapattah, Miami Gardens and Hollywood. Colliers Abood Wood -Fay from May 2004 to August 2006, where she served as a Commercial 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 square feet of office space in the submarkets of Kendall, Airport West, Coral Gables, South Beach and Hollywood. Additionally, Ms. Tenn has represented tenants in over 37,000 square feet 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. Professional Affiliations & Designations Licensed Florida Real Estate Salesperson Member, International Council of Shopping Centers Board member Women's Committee Big Brothers Big Sisters of Greater Miami • • • Jeff Buell, Property Manager Director Background & Experience NAI Miami from November 1, 2001 positioned as Director of Property Maintenance. Mr. Buell's is responsibilities include all maintenance issues for 880,000 square feet of office and retail space, supervising a staff of 8 and vendor relations. Richard — Brandon Company from October 2000 to November 2001, as Director of Maintenance. Mr. Buell was responsible for all maintenance issues for 260,000 square feet of office space in Miami -Dade and Broward Counties. Carrolton School of the Sacred Heart from June 1997 to October 2000. Mr. Buell was Chief of Property Maintenance, responsible for all maintenance issues, planning of improvements for a 17 acre facility, logistics for all school events, supervised a staff of 10 and vendors. Education Indiana University, Teaching Certification, June 1988 Wabash College, Bachelor of Arts, Biology, Crawfordsville, Indiana, May 1984 Professional Licenses and Designations Licensed Florida Real Estate Salesperson Accredited Property Manager — Miami Dade Community College Project Manager and Team Members Project Manager Jeremy Larkin, President, NAI Miami Mr. Larkin founded and is President of NAI Miami. Mr. Larkin is the managing partner of the Company. Under his management NAI Miami has received CoStar Power Broker awards annually since 2005, including 2010, an honor bestowed upon the top 16 real estate companies in Miami -Dade, based on total square footage leased. Mr. Larkin's areas of expertise include landlord and tenant representation, real estate brokerage, mortgage brokerage, consulting and expert witness services, and, property and asset management. Retail projects that Mr. Larkin currently and previously represented include: • Miami Merchandise Mart — 300,000 square feet retail complex • Sheridan Oaks Plaza, a 50,000 square feet retail shopping center • Dolphin Plaza, a 93,991 square feet retail shopping center • Miami Gardens Plaza, an 86,806 square feet retail shopping center • Oak Avenue Plaza, a 17,500 square feet mixed use building • Shoppes of Ives Dairy, a 24,500 square feet retail plaza Mr. Larkin has worked closely with Miami Parking Authority in the capacity of leasing, management and consulting for the past 6 years. Mr. Larkin advised the Authority in the following capacities: Leasing Property Management Advisory and Consulting Services Design Management Project Management To assist the City of Miami, NAI Miami and the Miami Parking Authority commenced a soft marketing campaign to secure interest on leasing the retail bays at The Ballpark Entertainment District without any formal agreements. In concert with the marketing to date, Mr. Larkin approached the Florida Marlins to discuss relationships relative to the Stadium's tenancy and has established a mutually respectful relationship with the team in an effort to efficiently manage the interests of the City of Miami, Miami -Dade County, Miami Parking Authority and the Florida Marlins. • • • e Leasing Lisa Tenn, Commercial Associate Ms. Tenn has been active in the real estate industry for over 20 years. She has been named CoStar Power Broker of the Year for both 2009 and 2010 in the retail category, an honor that is bestowed only on the top 15 retail brokers for leasing, based on total square feet leased, in Miami -Dade County. In the last 5 years, since joining NAI Miami, Ms. Tenn's area of focus and specialty has been retail, landlord representation. Current retail projects include: • Sheridan Oaks Plaza, a 50,000 square feet retail shopping center • Dolphin Plaza, a 93,991 square feet retail shopping center • Miami Gardens Plaza, an 86,806 square feet retail shopping center • Oak Avenue Plaza, a 17,500 square feet mixed use building Ms. Tenn is hands-on in preparing all marketing materials. Along with NAI Miami's marketing team, she has been instrumental in preparing the marketing pieces, for The Ballpark Entertainment District. Ms. Tenn has and will continue to perform, if selected, all the leasing duties for The Ballpark Entertainment District. She has dedicated over 50% of her day-to-day efforts on the project to date. Property Manager Jeff Buell, Property Manager Director Mr. Buell has been actively managing and maintaining commercial buildings for the past 11 years. Current management portfolio includes: • The Miami Merchandise Mart, a 300,000 square feet retail complex • Courthouse Center, a 40,500 square feet mixed use building • Oak Avenue Parking Plaza, a 17,000 square feet mixed use building Mr. Buell has hands on experience with managing mixed use commercial buildings comprising ground floor retail bays and parking. Mr. Buell will be available to dedicated 50% of his time to the management of The Ballpark Entertainment District. • • H. Approach and Methodology APPROACH TO MARKETING / FOCUS The New Marlins Stadium along with the four (4) parking garage buildings, surface lots and park space, is being constructed on the historic Orange Bowl site in Little Havana. The stadium is being built under agreement between the City of Miami, Miami -Dade County and The Florida Marlins, all of whom have contributed funds to the project and have a vested interest in its success. NAI Miami's approach to leasing the retail space will be to enhance relationships between all stakeholders by creating synergies allowing for maximum profitability. We will work closely with the Florida Marlins, soon to become the Miami Marlins, to create a complimentary versus competitive environment for the stakeholders and their respective tenants. At the request of the Miami Parking Authority, and recognizing the timeline to get restaurants and retailers in place by opening day was limited, a low key marketing plan was initiated in early 2011 with the full knowledge there was no formal commitment or obligation to engage NAI Miami as their leasing agent. In our approach, in cooperation with The City of Miami, Miami -Dade County, Miami Parking Authority and The Florida Marlins, we created "The Ballpark Entertainment District" dubbed BED -Miami in the hopes that the "District" will be the catalyst for future expansion of retail, hotels and growth of the immediate area. Our goals were matched up with the City of Miami to: • Create a dynamic and interesting environment for the ballpark attendee to enhance their pre -game and post -game experience with the intent to extend their visit on both ends of their trip. • Present a flavor of the metropolitan Miami market to the ballpark attendee. • Provide additional retail, restaurant and entertainment support to the immediate neighborhood and the surrounding neighborhoods including, but not limited to, the Health District, the Biscayne Corridor, Downtown Miami, Brickell, Coconut Grove and Coral Gables. The immediate neighborhood is a densely populated, heavily Hispanic, middle to lower income neighborhood. The new profile of the Florida Marlins season ticket holder, to date, is a Miami -Dade County resident in middle to upper income levels and not as heavily Hispanic. • • Based on the above, initial targeted uses were higher -end entertainment, restaurant and retail uses, as well as a national search was conducted for ballpark related concepts. For example, Sluggers, a famous bar and restaurant adjacent to Wrigley Field in Chicago, conducted a site visit and initially expressed a high level of interest. After conducting the site visit and researching the immediate market, they rejected the site. The reason for the rejection is they stated in the off season in Chicago they struggled to remain profitable. Comparing their Chicago market to this market, they did not believe the operation would be able to remain profitable. Multiple other higher -end entertainment, restaurant and retail uses were contacted and rejected the site because of the immediate demographics, indicating they needed to be profitable 365 days per year and not just the 81 days when baseball is played. They recognized there would be additional activities at the stadium but since there were no committed events, they could not rely on this potential activity. As an example, the stadium would be a great venue to put the main operations of Calle Oche as it provides a large plaza, excellent parking and some protection in the event of inclement weather. Based on these rejections, our target was adjusted to more moderately priced entertainment, restaurant and retail uses which are designed to serve and found desirable by the immediate and surrounding areas but still will have an interest to the ballpark attendee. Based on recent meetings with the Florida Marlins, their initial concept for their lead restaurant was a high -end dining experience. However, after multiple unsuccessful attempts to secure this, they have adjusted their targets downward to a more moderately priced restaurant/sports bar which they believe they have secured and should announce soon. NAI Miami will provide a comprehensive list of all prospective tenants that have and will be contacted along with a written response of the interest shown by said tenants. To date, NAI Miami has sent email blasts of the leasing opportunities to 2,799 retailers nationwide and 570 brokers. Below is a partial list of contacts made to date: Site Visits to Date: • Presidente — Market / Latin Cafe • Pollo Tropical — New Concept Store • Navarro Discount Pharmacy Meeting and Phone Conversations with Interested Parties: • Menchie's Frozen Yogurt • Teriyaki Experience • Perdomo Cigars • Guayabera's Etc. • El Carajo • Sonic Beach Restaurant • Houlihans • The Pub • Gilbert's Bakery • Wok Masters by Moy • Tervis (beverage tumblers) Interested Prospects Per Broker Contact: • Muscle Maker Grill • Quiznos • Brooklyn Bagels • Fuddruckers • Cato Fashions • Its Fashion Metro • Muscle Max • GNC • Yogurtini Prospects that have declined: • West Marine • TGI Fridays • Sluggers • Dave and Busters • California Ale House • Shorty's Bar-B-Que • Havanna Harry's • Servios • Chuck E. Cheese • CVS • Hurricane Grill and Wings • Lime Fresh Mexican Grill • Los Ranchos • Carpaccio • Bella Luna • Villagio • II Bellagio • Calamari • ViVi • Bellante's Pizza and Pasta • Las Brasa Rotisserie & Grill • Edible Arrangements • Wing House • Anthony's Coal Fired Pizza Other Prospects Contacted Include, but not limited to: • Lucky Strike Lanes • Miller Ale House • Sports Grill • Buffalo Wild Wings • ESPN Zone • Chil's Bar and Grill • Bahama Breeze • Hooters • Apple Store • Verizon • Muscle Max • Genghis Grill We will work closely with the City to provide reports according to the City's timeline and discuss all critical issues with regard to having the stadium at 100% occupancy upon opening of the Stadium which is set for April 5, 2012. 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. NAI Miami is and will continue to work closely with the Florida Marlins to achieve the desired tenant mix, and to bar competition between vendors inside and outside the stadium, with special attention directed to Stadium sponsors and existing contractual obligations and exclusions. NAI Miami is and will continue to work closely with Miami Parking Authority to keep constant the integrity of the parking garages buildings and their common areas. NAI Miami will continue to work in the best interest of the residents of the City of Miami, Miami -Dade County and all the Stadium's stakeholders, to achieve the desirable image for the Stadium and will conduct ourselves and staff with the highest integrity and professionalism. Areas of Difficulty Unlike many retail and office projects, The City of Miami 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 • s 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 City of Miami. These incentives include: • An above market tenant improvement contribution • Free rent incentives • Assistance with expediting permits • Short term and/or flexible pricing concessions Current Obstacles to Complete the Leasing Process The current obstacle is the leasing process cannot go further without specific direction as to: 1. Approved/desired uses. 2. An agreed upon pricing structure and standard delivery condition of the space: a. Base Rent b. Percentage Rent c. Real Estate Taxes — Is this facility taxable or exempt? d. Insurance — Is this covered under the municipal trust or is it privately insured? e. Common Area Maintenance — Fixed amount (suggested) or a pro-rata share of actual. f. Condition of Unit on delivery — Standards for delivery g. Above standard tenant improvement allowances — Standards for approval and source of funds h. Physical obstacles of completing tenant build -outs — See Memo Regarding Physical Constraints of BED -Miami. 3. Marketing Budget — Desired level beyond what has already been committed. The other issue is TIME. Opening Date is a date certain. From where we are to a store opening on Opening Day is approximately 270 days. The typical time frame is: Finalize LOI 10 - 30 days Draft lease 3 - 5 days Review lease by COM 1 - 14 days [Based on other time demands] Negotiate lease 7 - 60 days Draw plans 15 - 30 days Permitting 30 - 90 days Construction 60 - 120 days • • Stocking 14 - 30 days Soft Opening 14 - 30 days Total 154 - 409 days The restaurants will fall in the longer lead times. So, as of today, unless everything goes as quickly as possible, there is minimal to no time tolerance for delays and we are probably already past that timeframe based on a realistic standard. The above timeline is based on not requiring the issuance of an RFP and not obtaining the City Commission approval for each lease. In the event these conditions are placed on the process, the timeline will be extended by a minimum of 60 and possibly up to 120 days. Physical Assessment and Expected Costs to Deliver Retail Space After walking through BED -Miami with Robert Fenton, project manager, to determine the current physical condition of the retail space and obtain an expectation of how the spaces will be finished for delivery, the following assessment is provided. Typical Retailer Expectations Typically, when retailers and restaurants are leasing in newly built properties, they have an expectation of how the space will be delivered to them to finish it for their specific need. The most common standard of expectation is referred to in the industry as a "Vanilla Shell". The typical details of a Vanilla Shell are attached as Exhibit A. This Vanilla Shell is generally considered additional construction above and beyond a typical building shell. The building shell is generally the slab, exterior walls, roof structure, roof and basic electric and telephone rooms to serve the building tenants plus water, sewer and gas connections at the edge of the building or adjacent to it. Estimated Cost to Build Out a Vanilla Shell at BED -Miami Based on the Vanilla Shell specified in Exhibit A, the current estimated cost to build this is approximately $30.00 - $35.00 per square foot. Robert Fenton has advised us the current plans call for the retail space to be delivered with no walls, no services, and no slab. In addition, the building slab tenants are required to install is an atypical slab for a standard retail building. Because the parking garage is being built below the water table, a reinforced, 10" slab which must be pinned into the parking garage's structural element must be used. Based on the engineer's design and Mr. Fenton's bids, the estimated cost per square foot just for the slab is $20.00 - $25.00 per square foot. • • • In order for BED -Miami to deliver a Vanilla Shell, it is expected to cost: Vanilla Shell Slab Total Cost $30.00 - $35.00 per square foot $20.00 - $25.00 per square foot $50.00 - $60.00 per square foot Estimated Shortfall in Bond Funding for Tenant Improvements Based on the expected cost per square foot, the total cost to build -out BED -Miami to a Vanilla Shell is: $60.00 per square foot X 53,281 square feet $3,195,060 Of the $3,000,000 in the stadium bond for the retail space, marketing costs and commissions need to be deducted prior to determining the remaining balance for tenant improvements. This leaves an expected shortfall of: Less Bond Allocation Marketing Costs Commissions Funds for Vanilla Shell Expected Shortfall $3,000,000 $ 150,000 $ 275,000 $2,575,000 $ 620,060 Retail uses can be broken down into dry and wet uses. A dry use is one where the retailer does not consume a lot of water or generate waste water. Typical uses include clothing stores, jewelry stores, personal services i.e. insurance, cell phone stores, electronic stores, etc. Wet uses are users that consume larger amounts of water and generate larger amounts of waste water. Typical uses include restaurants, bars, hair salons, dry cleaners, etc. These uses require larger water supply lines, larger waste lines, grease traps and more HVAC tonnage. For restaurants and bars, typical build outs cost $25.00 - $175.00 per square foot above a Vanilla Shell. Assuming the landlord provides an "above standard" allowance of $50.00 per square foot for an estimated 20,000 square feet of restaurants, bars and other specialty uses, the total cost will be: 20,000 Square Feet X $50.00 Per Square Foot $1,000,000 • • • Based on the above, the $3,000,000 bond allocation is short by: Vanilla Shell Shortfall $ 620,060 Above Standard Build out$1,000,000 Total Shortfall $1,620,060 In most entertainment styled venues, the landlord will generally pay for a Vanilla Shell and provide a "generous above" standard allowance for creditworthy restaurants and bars in order to attract them to their venue. These "above standard" allowances can take various forms including reduced base rent for a period of time, free rent for a period of time and direct cash payments. When direct cash payments are used, the allowance is generally recaptured over the initial lease term by amortizing it with an interest factor. In addition, it is typical to include a percentage rent factor on locations such as BED -Miami because the base rent will be set at a low level to compensate the tenant for taking the risk and the percentage rent will be allow the landlord to participate with the tenant in the event their sales levels exceed expectations. Physical Conditions During the site visit, certain conditions were observed which are typical for a retail user's space. They include: Sewer: There are 4". sewer lines running the length of the units which are easily accessible. Gas: There are natural gas lines which terminate adjacent to each parking garage. This will permit any gas user to easily route a gas line to their unit for their use overhead. Water: There are 2" water lines immediately behind the retail spaces which will be easy to tap into and run overhead into their stores. Vents: There are 2" vent lines accessible to vent all stores' waste lines. J-Boxes: Plans call for electrical J-boxes above each store front for sign connection for the tenant's signs. In P1, the restaurant space is appropriately laid out with a dedicated 2" water, dedicated 6" waste line and 4 — 1,250 gallon grease traps. • • Physical conditions observed which are atypical and will result in additional costs to either the landlord or the tenant include: Grease Traps: There are no grease traps connecting to any of the retail spaces facing N.W. 7th Street. These spaces are in high demand by several restaurant chains. In order to provide for a below ground grease trap, the inside slab of the parking garages will have to be cut and grease traps installed. Each 1,250 grease trap is estimated to cost $10,000 - $15,000. There is a possibility the restaurant can install an above ground grease trap in their space. It will depend on the volume of their grease use and space design. Electric: There are no electric conduits leading from the main electric room to the retail spaces. These are usually run below the slab and into each unit. Because of the building's design, conduit will have to run along the walls and across the drives via conduits attached to the under deck of the second floor ramps/drives and over to each space. While not aesthetically pleasing, it will functionally provide the needed electrical service. HVAC: There are two, two inch conduits running from each parking garage to the designated location for HVAC equipment. Assuming multiple tenants in each parking garage, this conduit will quickly be filled and additional lines will have to run along the walls and across the drives via conduits attached to the under deck of the second floor ramps/drives and over to each space. While not aesthetically pleasing, it will functionally provide the needed HVAC service. ADA: If a handicapped patron wishes to visit a stadium retailer and is not attending the baseball games during game day, are they permitted to park in the garage? If not, will we be violating the ADA? Parking: If a patron wishes to visit a stadium retailer and is not attending the baseball games during game day, will they be permitted to park in the garage? If not, how will this be explained to the retailers/restaurants? Based on current estimates, the funding for tenant improvements in order to attract the desired retailers and restaurants is short by $1,425,000. In addition, there are a number of physical design issues which will lead to higher costs for the tenant or the landlord which will ultimately be borne by the landlord through absorbing these costs or in reduced rental rates. It is also reasonable to assume additional design issues will occur as we continue to work with prospects and start working with tenants' design and construction professionals who have committed to the project. • • o Signage to be addressed: 1. Lack of monument signage for tenant list; 2. Lack of directional signage to move patrons around to our stores. 3. Lack of coordination of Florida Marlins color scheme for its quadrants. • • NAI Miami's vision of future use of the commercial retail space. NAI Miami has conducted informal prospecting for several months and provide the following: Overview Our goals were matched up with the City of Miami to: • Create a dynamic and interesting environment for the ballpark attendee to enhance their pre -game and post -game experience with the intent to extend their visit on both ends of their trip. • Present a flavor of the metropolitan Miami market to the ballpark attendee. • Provide additional retail, restaurant and entertainment support to the immediate neighborhood and the surrounding neighborhoods including, but not limited to, the Health District, the Biscayne Corridor, Downtown Miami, Brickell, Coconut Grove and Coral Gables. The immediate neighborhood is a densely populated, heavily Hispanic, middle to lower income neighborhood. The new profile of the Florida Marlins season ticket holder, to date, is a Miami -Dade County resident in middle to upper income levels and not as heavily Hispanic. Based on the above, initial targeted uses were higher -end entertainment, restaurant and retail uses, as well as a national search was conducted for ballpark related concepts. For example, Sluggers, a famous bar and restaurant adjacent to Wrigley Field in Chicago, conducted a site visit and initially expressed a high level of interest. After conducting the site visit and researching the immediate market, they rejected the site. The reason for the rejection is they stated in the off-season in Chicago they struggled to remain profitable. Comparing their Chicago market to this market, they did not believe the operation would be able to remain profitable. Multiple other higher -end entertainment, restaurant and retail uses were contacted and rejected the site because of the immediate demographics, indicating they needed to be profitable 365 days per year and not just the 81 days when baseball is played. They recognized there would be additional activities at the stadium but since there were no committed events, they could not rely on this potential activity. As an example, the stadium would be a great venue to put the main operations of Calle Oche as it provides a large plaza, excellent parking and some protection in the event of inclement weather. Based on these rejections, our target was adjusted to more moderately priced entertainment, restaurant and retail uses which are designed to serve and found desirable by the immediate and surrounding areas but still will have an interest to the ballpark attendee. • • Based on recent meetings with the Florida Marlins, their initial concept for their lead restaurant was a high -end dining experience. However, after multiple unsuccessful attempts to secure this, they have adjusted their targets downward to a more moderately priced restaurant/sports bar which they believe they have secured and should announce soon. NAI Miami has conducted informal prospecting for several months and based on our efforts, is providing the following: Retail Prospect Status The Retail Prospect List breaks down the level of interests into: 1. Letters of Intent ("LOI") — Those retailers/restaurants who have submitted offers to lease space. 2. Parties Expressing Interest — Those retailers/restaurants who are interested in leasing space but are either waiting for "Lead Tenants to be identified", more information on condition of the premises or who have not made the formal decision to submit an offer to lease space. Based on the LOI's in our possession, just over 58% of the retail space in BED -Miami is in a position to be committed to retail and restaurant uses which are suited for the neighborhood and the stadium to give the community a flavor of Miami. When you add in the Parties Expressing Interest, we are over 100% because a number of the proposed uses are in direct conflict with the LOI's and we would only select one use of each type and a percentage of those expressing interest will fall out prior to going to LOI or lease. Based on the activity to date with the constraints of the marketing effort, we feel comfortable that substantially all of the space could be committed to prior to year- end Proposed Uses for some of the larger spaces include, but are not limited: Presidente Market & Cafe: Proposed to occupy 8,438 square feet, they have custom designed a neighborhood market and Latin cafe. The cafe will take approximately'/z of the space facing the plaza and the remainder facing the western side of Parking Garage #1. The concept will be flexible so during baseball season, the cafe will expand and the Market will be reduced and in the off-season, this will reverse. Polio Tropical — Concept Store: An "elevated" Polio Tropical where the order is taken in the traditional way, then the customer takes a seat. Waiters bring the food, then check back and offer dessert, drink refills, etc. Payments are handled at the table for the additional services. • • Menchie's Frozen Yogurt: Other ice cream and frozen yogurt stores offer a limited amount of choices and charge customers for every flavor or topping they ordered. Menchie's customers are able to serve themselves the perfect yogurt mix by choosing from a wide variety of delicious flavors, and more than 40 toppings with everything from chocolates, candies, and hot fudge, to granola and fresh seasonal fruit. Teriyaki Experience: Designed to be a full service restaurant with full liquor utilizing hostess, bartender, and wait staff. They specializing in Japanese and Asian style meals and dishes served by wait staff. Sonic Beach: Located at The Gallery at Beach Place, Sonic Beach is a Sonic eatery open 24/7, with indoor seating and waitress service. Wine, beer and liquor will be offered at the 5,500- square-foot restaurant. METHODOLOGY TO LEASING WEBSITE: NAI Miami has created a dedicated website for marketing the retail space located in P1, P2 and P3. www.TheBallparkEntertainmentDistrict.com was created to provide prospects all the necessary information relative to securing a lease. The following may be downloaded from the site: • A four (4) page color brochure • An aerial with area demographics • Site plans for all three (3) parking garages retail opportunities NAI Miami will create links to the website to all pertinent websites, with the City's approval, to include, but not limited to: The City of Miami Miami -Dade County Miami Parking Authority The Florida Marlins if permitted by Major League Baseball The Greater Miami Chamber of Commerce NAI Miami JOURNALS: To create exposure and interest, NAI Miami recommends the following journals: Regional: • The Daily Business Review • The South Florida Business Journal • The Miami Herald and El Nuevo Herald • The Miami Today National: • Globe Street • National Restaurant News TRADE SHOWS: NAI Miami and our affiliated office worldwide will actively market the listings at all trade shows, including ICSC National, Florida and local conferences. GLOBAL 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 proprietary lists to ensure all local real estate brokers are aware of the property and receive updated information. Periodically, resend 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. Global: • NAI Miami provides services on a global basis through its affiliation with NAI Global. All offices on the NAI Global platform work with each other to assist our clients to strategically optimize their assets. The NAI Global platform currently spans 55 countries, with 375 offices and over 5,000 commercial real estate brokers which can be reached through our internal, proprietary e-mail network. SIGNAGE Site Sign: • Order and install appropriate signs, approved by The City of Miami, 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 basis to all direct mail recipients. 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. NAI Miami has the ability to provide reports via REALTracTM, a proprietary and automated system of reporting and communicating. REALTracTM has the ability to track names, addresses and contact persons of prospects and prospect registrations from brokers, and much more. • 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 prospects to contact broker for further information. Brochures will 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. • e Floor Plans: • Current floor plans in sufficient quantities will be printed for distribution to interested prospects. IDENTIFY TARGET RESTAURANTS/RETAILERS • Proposed use and site location of restaurant/retail prospects. • Discussion of elimination of any prospective use 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, REALTracTM 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. • 0 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. 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. I. Company's Workload Provide recent, current and projected workload of Firm, and general workload of those professionals to be assigned to this engagement. • • • • Jeremy Larkin, the project manager, has dedicated 10% - 25% of his overall time to the development and marketing of this project. If selecte,d he will continue to dedicate the same or more time as needed in order to achieve the porject's goals. Lisa Tenn, the leasing associate for this project, has been dedicating over 50% of her day to day efforts on marketing and leasing the project and will continue to dedicate as much time as is necessary going forward to assure timely results for each step of the process. As time is of the essence in having leases in place so that tenant's may commence with permitting, build out, soft openings and opening on April 5, 2012, Ms. Tenn will dedicate 95% of her time on securing leases so as to satisfy the City's time line. As leases become binding between tenant and landlord, Ms. Tenn will reduce her dedicated time to the project, allowing for sufficient time to follow through with each tenant as it pertains to permitting, build -out, and opening processes. Jeff Buell, the property manager, will be required to dedicate minimal time up front as the property management function does not begin in earnest until 3 to 6 months prior to the propject completion. As the project's completion approaches, he will ramp up his time to the level needed to maintain the project in first class condition. 625 SW 1st Ave Miami, FL 33130 Miami/Dade County Building Type: Retail/General Freestanding Status: Built 1953 Building Size: 6,767 SF Land Area: 0.16 AC Total Avail: 0 SF Rent/SF/Yr: - % Leased: 100% Landlord Representative: NAI MIAMI Commercial Real Estate Services 305-938-4000 / Lisa A. Tenn 305-938-4000x129 Property Manager: True Owner: Norman Superstein Trust 305-865-3925 Recorded Owner: Norman Superstein Trust 305-865-3925 Developer: -- ;ammo°Rai ;Shoppes 1001 NW 2nd Ave Camino Real Shoppes Boca Raton, FL 33432 Palm Beach County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Retail/(Neighborhood Ctr) Status: Built 1991 Building Size: 26,840 SF Land Area: 3.07 AC Total Avail: 2,421 SF Rent/SF/Yr: $25.00 % Leased: 91.0% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Jeremy S. Larkin 305-938-4000x102 Peregrine Dev LIc u Starbucks/Bank of America 19851 NW 2nd Ave Starbucks/Bank of America Miami, FL 33169 Miami/Dade County Building Type: Retail/Bank Status: Built 2006 Building Size: 3,005 SF Land Area: 2.12 AC Total Avail: 0 SF Rent/SF/Yr: - % Leased: 100% Landlord Representative: NAI MIAMI Commercial Real Estate Services 305-938-4000 / Lisa A. Tenn 305-938-4000x129 Property Manager: True Owner: -- Recorded Owner: Kae's Corner Llp Developer: -- NAI Miami Carrrrorrsi Pool EaAS W . This copyrighted report contains research licensed to NAI MIAMI Commercial Real Estate Services - 52342. 7/14/2011 Page 1 C-ourthouseC,enter 40 NW 3rd St Courthouse Center Miami, FL 33128 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Class B Office Status: Built Dec 2009 Building Size: 40,300 SF Typical Floor Size: 7,047 SF Total Avail: 34,417 SF Rent/SF/Yr: $26.00-$29.50 % Leased: 55.1% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Lisa A. Tenn 305-938-4000x129 City Of Miami Dept Of Off Street Parking 305-373-6789 P,arking:Garage 2` 1501 NW 3rd St Parking Garage 2 Miami, FL 33010 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Retail/Parking Garage Status: Under Construction, delivers Mar 2012 Building Size: 21,776 SF Land Area: - Total Avail: 21,776 SF Rent/SF/Yr: Negotiable % Leased: 0% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Lisa A. Tenn 305-938-4000x129 & NW'1'6th Ave- Prtliing Garage 3 1501 NW 3rd St & NW 16th Ave- Parking Garage 3 Miami, FL 33010 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Retail/Parking Garage Status: Proposed Building Size: 7,805 SF Land Area: - Total Avail: 7,805 SF Rent/SF/Yr: Negotiable % Leased: 0% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Lisa A. Tenn 305-938-4000x129 NAi Miami C.vmszt Ml EVA.Saw.. Wvina. This copyrighted report contains research licensed to NAI MIAMI Commercial Real Estate Services - 52342. 7/14/2011 Page 2 1501 NW 3rd St Parking Garage 1 Miami, FL 33010 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: IParking�Ga�age Building Type: Retail/Parking Garage Status: Proposed Building Size: 15,676 SF Land Area: - Total Avail: 15,676 SF Rent/SF/Yr: Negotiable % Leased: 0% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Lisa A. Tenn 305-938-4000x129 City Of Miami -dept Of P & D Asset Manag 305-416-1280 90 SW 3rd St The Ivy Condominium Miami, FL 33010 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: • The lvy, Condominium Building Type: Retail/Storefront Retail/Residential Status: Existing Total Avail: 4,206 SF Building Size: 4,206 SF Rent/SF/Yr: $30.00 Land Area: 6.44 AC % Leased: 0% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Lisa A. Tenn 305-938-4000x129 Cleofelina Demartinez P ioneer,eentt 10-56 SE 4th Rd Pioneer Center Homestead, FL 33030 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Retail/(Strip Ctr) Status: Built 1995 Building Size: 12,000 SF Land Area: 0.92 AC Total Avail: 2,400 SF Rent/SF/Yr: $14.00-$15.00 % Leased: 80.0% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Jeremy S. Larkin 305-938-4000x102 New Homestead Group, Inc. 305-242-0039 / Roy Phillips 305-242-0039 New Homestead Group, Inc. 305-242-0039 / Roy Phillips 305-242-0039 10 Se 4 Rd Corp New Homestead Group, Inc. 305-242-0039 / Roy Phillips 305-242-0039 NAI Miami This copyrighted report contains research licensed to NAI MIAMI Commercial Real Estate Services - 52342. 7/14/2011 Page 3 10 BfankXof, A a Ica Bldg 3899 NW 7th St Bank of America Bldg Miami, FL 33126 Miami/Dade County Building Type: Class B Office Status: Built 1975 Building Size: 33,967 SF Typical Floor Size: 16,983 SF Total Avail: 12,460 SF Rent/SF/Yr: $15.00 % Leased: 70.6% Landlord Representative: NAI MIAMI Commercial Real Estate Services 305-938-4000 / Brandon Weiss 305-938-4000 Property Manager: -- True Owner: -- Recorded Owner: Hayday Inc Developer: -- • Eli Lawrence Plumbing 20000 NE 15th Ct Lawrence Plumbing Miami, FL 33179 Miami/Dade County Building Type: Industrial/Warehouse Status: Built 1976 Building Size: 24,270 SF Land Area: 1.20 AC Total Avail: 24,270 SF Rent/SF/Yr: For Sale Only % Leased: 0% Landlord Representative: NAI MIAMI Commercial Real Estate Services 305-938-4000 / Timothy Merriman 305-938-4000 Property Manager: Ferguson Enterprises 305-652-4191 True Owner: Ferguson Enterprises 305-652-4191 Recorded Owner: Ferguson Enterprises 305-652-4191 Developer: -- Lrot'1 NW 17th St & NW 133rd Ave @ NW 17th Street Lot 1 Miami, FL 33182 Miami/Dade County Building Type: Land Status: Existing Building Size: Land Area: 0.98 AC Total Avail: 0 SF Rent/SF/Yr: For Sale Only % Leased: 0% Landlord Representative: NAI Miami Commercial Real Estate 305-629-8710 / Lucia Custer 305-629-8710 Property Manager: -- True Owner: NAI Miami Commercial Real Estate 305-629-8710 / Lucia Custer 305-629-8710 Recorded Owner: Panam Ventures LLC 305-597-0021 Developer: -- NAI Miami c,.,wmogauvey,AS e.V.W.ba. This copyrighted report contains research licensed to NAI MIAMI Commercial Real Estate Services - 52342. 7/14/2011 Page 4 • t 2 NW 17th St & NW 133rd Ave @ NW 17th Street Lot 2 Miami, FL 33182 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Land Status: Existing Building Size: Land Area: 1.02 AC Total Avail: 0 SF Rent/SF/Yr: For Sale Only % Leased: 0% NAI Miami Commercial Real Estate 305-629-8710 / Lucia Custer 305-629-8710 NAI Miami Commercial Real Estate 305-629-8710 / Lucia Custer 305-629-8710 Panam Ventures LLC 305-597-0021 Lrot3 • • NW 17th St & NW 133rd Ave @ NW 17th Street Lot3 Miami, FL 33182 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Land Status: Existing Building Size: Land Area: 1.02 AC Total Avail: 0 SF Rent/SF/Yr: For Sale Only % Leased: 0% NAI Miami Commercial Real Estate 305-629-8710 / Lucia Custer 305-629-8710 NAI Miami Commercial Real Estate 305-629-8710 / Lucia Custer 305-629-8710 Panam Ventures LLC 305-597-0021 7075 W 20th Ave Hialeah, FL 33014 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Industrial/Warehouse Status: Built 1967 Building Size: 25,806 SF Land Area: 1.03 AC Total Avail: 25,806 SF Rent/SF/Yr: Negotiable % Leased: 0% 11oAI Miami Com... kW Evew Sawa, This copyrighted report contains research licensed to NAI MIAMI Commercial Real Estate Services - 52342. 7/14/2011 Page 5 7795 W 20th Ave Warehouse on the Palmetto Expressway Hialeah, FL 33014 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: 1arehouse onith"eVairnefto Expressway Building Type: Industrial/Warehouse Status: Built 1965 Building Size: 20,218 SF Land Area: 0.88 AC Mazzei Realty Services, Inc. 305-446-5348 Krieger Properties LLC Total Avail: 20,218 SF Rent/SF/Yr: For Sale Only % Leased: 100% 2090 NW 21st St MPA's Allapattah Parking Plaza Miami, FL 33142 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: IMPPASs Allaattah railing Plaza Building Type: Retail Status: Built Apr 2006 Building Size: 27,083 SF Land Area: - Total Avail: 0 SF Rent/SF/Yr: - % Leased: 100% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Lisa A. Tenn 305-938-4000x129 Department of Off -Street Parking City of Miami 305-373-6789 Department of Off -Street Parking City of Miami 305-373-6789 8880-8888 NW 24th Ter Doral, FL 33172 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: finericas Gateway.Palc Building Type: Industrial/Warehouse Status: Built 1982 Building Size: 30,000 SF Land Area: 1.84 AC Total Avail: 10,125 SF Rent/SF/Yr: For Sale Only % Leased: 100% NAI Miami Commercial Real Estate 305-629-8710 / Lucia Custer 305-629-8710 Javier Causolis 0VAI Miami Canrocb f S EY1101 Srmlea V... . This copyrighted report contains research licensed to NAI MIAMI Commercial Real Estate Services - 52342. 7/14/2011 Page 6 D 6878 SW 24th St West Miami, FL 33155 Miami/Dade County 4 Building Type: Retail Status: Built 1960 Building Size: 2,260 SF Land Area: 0.19 AC Total Avail: 0 SF Rent/SF/Yr: - % Leased: 100% Landlord Representative: NAI Miami Commercial Real Estate 305-629-8710 / Lucia Custer 305-629-8710 Property Manager: True Owner: Foret Investments, Inc. 305-412-2070 / Constantino Dessimone 305-412-2070 Recorded Owner: Foret Investments, Inc. 305-412-2070 Developer: -- t 20 4 NW 25th St @ 89th Court Dora!, FL 33172 Miami/Dade County Building Type: Land Status: Existing Building Size: Land Area: 1.50 AC Total Avail: 0 SF Rent/SF/Yr: For Sale Only % Leased: 0% Landlord Representative: Property Manager: -- True Owner: Pedro & Magaly Lastre 305-436-9862 / Pedro Lastre 305-436-9862 Recorded Owner: Pedro & Magaly Lastre 305-436-9862 Developer: -- 8726 NW 26th St Miami, FL 33172 Miami/Dade County Westend@-25th `; Building Type: Retail/Storefront Retail/Office (Neighborhood Ctr) Status: Built Nov 2002 Total Avail: 4,326 SF Building Size: 56,086 SF Rent/SF/Yr: For Sale Only Land Area: 3.86 AC % Leased: 92.3% Landlord Representative: NAI Miami Commercial Real Estate 305-629-8710 / Lucia Custer 305-629-8710 Property Manager: -- True Owner: -- Recorded Owner: Sunny World LLC 305-592-6465 Developer: -- NAI Miami C<.:rreas Ii¢S E:.a Savo. Wc.t.nwo. This copyrighted report contains research licensed to NAI MIAMI Commercial Real Estate Services - 52342. 7/14/2011 Page 7 RFR Teztiles" 8875 NW 26th St RFR Textiles Doral, FL 33172 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Industrial/Warehouse Status: Built Feb 2002 Building Size: 24,000 SF Land Area: 1.10 AC Total Avail: 0 SF Rent/SF/Yr: - % Leased: 100% NAI Miami Commercial Real Estate 305-629-8710 / Lucia Custer 305-629-8710 Kings Realty Inc Kings Realty, Inc 305-324-7311 DolpFiin Plaza';Shoppin ye tar. 17161-17327 NW 27th Ave Dolphin Plaza Shopping Center Opa Locka, FL 33056 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Retail Status: Built 1991, Renov 2006 Building Size: 96,962 SF Land Area: 10.19 AC Total Avail: 7,452 SF Rent/SF/Yr: $25.00 % Leased: 95.0% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Lisa A. Tenn 305-938-4000x129 Dolphin Plaza, LLP • Miami'Gadens Plaza`£; 18365-18577 NW 27th Ave Miami Gardens, FL 33056 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: NAI Miami C.r:rrocu'Fd EV.. Sayre& Mot... Building Type: Retail Status: Built 1958 Building Size: 86,000 SF Land Area: 8.58 AC Total Avail: 9,750 SF Rent/SF/Yr: $19.00 % Leased: 88.7% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Lisa A. Tenn 305-938-4000x129 MGP Partners, LLP This copyrighted report contains research licensed to NAI MIAMI Commercial Real Estate Services - 52342. 7/14/2011 Page 8 e 19400 NW 27th Ave Parcel 3 Miami Gardens, FL 33014 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Retail Status: Proposed Building Size: 10,788 SF Land Area: - Total Avail: 10,656 SF Rent/SF/Yr: $25.00 % Leased: 1.2% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Lisa A. Tenn 305-938-4000x129 Goodwill At Stadium Ltd Grove'M7 Pla a 2937 SW 27th Ave Grove Forest Plaza Coconut Grove, FL 33133 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Class B Office Status: Built 1986 Building Size: 52,033 SF Typical Floor Size: 10,406 SF Total Avail: 4,725 SF Rent/SF/Yr: $19.75 % Leased: 90.9% NAI MIAMI Commercial Real Estate Services 305-938-4000 / John B. Erixon 786-533-1241 Grobro Investments LLC 954-724-5454 / Sean Grovesman 954-724-5454 Grobro Investments LLC 954-724-5454 2937 SW 27th Ave The Gifford House Miami, FL 33133 Miami/Dade County The Gifford Wouse Building Type: Class B Office Status: Built 1909 Building Size: 3,665 SF Typical Floor Size: 1,832 SF Total Avail: 1,794 SF Rent/SF/Yr: $19.75 % Leased: 51.1% Landlord Representative: NAI MIAMI Commercial Real Estate Services 305-938-4000 / John B. Erixon 786-533-1241 Property Manager: -- True Owner: -- Recorded Owner: Grobro Investments Llc Developer: -- N4I Miami Cmnvm PtY EU3a S.nma. N'onen:uu. This copyrighted report contains research licensed to NAI MIAMI Commercial Real Estate Services - 52342. 7/14/2011 Page 9 • • • WestPoirite Business; Park 8815 NW 33rd St Miami, FL 33172 Miami/Dade County Landlord Representative: Sublet Contacts: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Industrial/Warehouse Status: Built 2000 Building Size: 99,392 SF Land Area: 16.17 AC Total Avail: 99,392 SF Rent/SF/Yr: $6.99-$8.95 % Leased: 22.5% Cushman & Wakefield, Inc. 305-371-4411 / Audley Bosch 305-533-2887 NAI Miami Commercial Real Estate / Lucia Custer 305-629-8710 -- 33,854 SF /14,702 ofc (33,854 SF) Westpointe Operating Company L Cook Inlet Region, Inc 907-274-8638 6201 NW 36th Ave Miami, FL 33147 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Industrial/Warehouse Status: Built 1957 Building Size: 47,767 SF Land Area: 3.57 AC Ryerson Inc. 305-693-8855 Ryerson Inc. 305-693-8855 Ryerson Holding Corporation 773-762-2121 Ryerson Inc. 305-693-8855 Total Avail: 47,767 SF Rent/SF/Yr: For Sale Only % Leased: 100% 30 4601 NW 36th St Miami, FL 33166 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Architect: Building Type: Class B Office Status: Built Jul 2001 Building Size: 9,100 SF Typical Floor Size: 8,978 SF Total Avail: 9,100 SF Rent/SF/Yr: $24.00 % Leased: 0% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Edward L. Schmidt 305-938-4000x101 Reims 4601 Llc Behar Font & Partners, P.A. NAI Miami Caner. il¢Y Even Se,t Watsenou. This copyrighted report contains research licensed to NAI MIAMI Commercial Real Estate Services - 52342. 7/14/2011 Page 10 • 491 NE 37th St Miami, FL 33137 Miami/Dade County Building Type: Land Status: Existing Building Size: Land Area: 0.15 AC Landlord Representative: Property Manager: True Owner: -- Recorded Owner: 491 Investments Llc Developer: -- Total Avail: 0 SF Rent/SF/Yr: For Sale Only % Leased: 0°/a 40 NW 3rd & 240 N Miami Ave Miami, FL 33132 Miami/Dade County Building Type: Land Status: Existing Building Size: Land Area: 0.69 AC Landlord Representative: Property Manager: True Owner: -- Recorded Owner: City Of Miami Dept Of Off Street Parking 305-373-6789 Developer: -- Total Avail: 0 SF Rent/SF/Yr: For Sale Only % Leased: 0% s 425 41st St Miami Beach, FL 33140 Miami/Dade County Landlord Representative: Leasing Company: Building Type: Retail/Storefront Retail/Office Status: Built 1935, Renov 1960 Building Size: 3,000 SF Land Area: 0.11 AC Total Avail: 2,800 SF Rent/SF/Yr: $35.00 % Leased: 6.7% NAI MIAMI Commercial Real Estate Services 786-533-1241 / Brandon Weiss 305-938-4000 NAI MIAMI Commercial Real Estate Services / Josh Rodstein 786-260-0405 Brandon Weiss 305-938-4000 -- 2,800 SF (1,400-2,800 SF) Property Manager: True Owner: REIMS Management, Inc. 305-604-1491 Recorded Owner: REIMS Agr I LLC 305-604-1491 Developer: -- OVAl Miami Camvca Pan Smvm WaronW. This copyrighted report contains research licensed to NAI MIAMI Commercial Real Estate Services - 52342. 7/14/2011 Page 11 • 10779-10781 NW 41st St Doral, FL 33178 Miami/Dade County Building Type: Retail Status: Built 1999 Building Size: 8,800 SF Land Area: 0.87 AC Total Avail: 0 SF Rent/SF/Yr: - % Leased: 100% Landlord Representative: NAI Miami Commercial Real Estate 305-629-8710 / Lucia Custer 305-629-8710 Property Manager: -- True Owner: -- Recorded Owner: Nazari Associates li LIc Developer: -- Palmetto,WestPar 7701-7715 NW 46th St Doral, FL 33166 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Flex/Light Distribution Status: Built 2006 Building Size: 45,591 SF Land Area: - Total Avail: 6,800 SF Rent/SF/Yr: $9.75 % Leased: 85.1% NAI Miami Commercial Real Estate 305-629-8710 / Lucia Custer 305-629-8710 ;;Palmefto.WlestParkCondo. 7750-7884 NW 46th St Palmetto West Park -Phase 11 Doral, FL 33166 Miami/Dade County Building Type: Industrial/Distribution Status: Built Oct 2001 Building Size: 165,602 SF Land Area: 10.83 AC Total Avail: 0 SF Rent/SF/Yr: - % Leased: 100% NW 79th Ave na NW 46th St Landlord Representative: NAI Miami Commercial Real Estate 305-629-8710 / Lucia Custer 305-629-8710 Property Manager: True Owner: Recorded Owner: Developer: NAI Miami This copyrighted report contains research licensed to NAI MIAMI Commercial Real Estate Services - 52342. 7/14/2011 Page 12 • Palmetto WestPark P.,hase 7791 NW 46th St Palmetto West Park Phase Ill Doral, FL 33166 Miami/Dade County Building Type: Class B Office Status: Built Jan 2007 Building Size: 108,668 SF Typical Floor Size: 27,167 SF Total Avail: 79,571 SF Rent/SF/Yr: $15.00-$20.14 % Leased: 26.8% Landlord Representative: NAI Miami Commercial Real Estate 305-629-8710 / Lucia Custer 305-629-8710 Property Manager: True Owner: Better Living Home Health 305-470-9052 / Justo Hernandez 305-470-9052 Recorded Owner: Lh Holdings LIc Developer: -- D 7801-7865 NW 46th St Palmetto West Park Miami, FL 33166 Miami/Dade County 'Palmetto;WestPak Building Type: Industrial/Warehouse Status: Built 2001 Building Size: 45,521 SF Land Area: 10.53 AC Total Avail: 17,082 SF Rent/SF/Yr: $15.00 % Leased: 62.5% Landlord Representative: Fortune International Realty 305-446-2292 / Manny Chamizo 305-460-6714 Property Manager: -- True Owner: -- Recorded Owner: Lipton Martin Developer: -- Bank"of AmericaBIda:1 900 W 49th St Bank of America Bldg 1 Hialeah, FL 33012 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Class B Office Status: Built 1975, Renov 1998 Building Size: 87,500 SF Typical Floor Size: 24,343 SF Total Avail: 41,735 SF Rent/SF/Yr: $16.50-$19.00 % Leased: 52.3% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Vilma Quintela 305-938-4000x117 NAi Miami This copyrighted report contains research licensed to NAI MIAMI Commercial Real Estate Services - 52342. 7/14/2011 Page 13 • 40 7500 NW 52nd St Miami, FL 33166 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Class B Office Status: Built 1971, Renov 1996 Building Size: 21,600 SF Typical Floor Size: 10,800 SF SCI Colorado Funeral Services 713-803-3615 Memorial Plan 305-592-9933 SCI Colorado Funeral Services 713-803-3615 Total Avail: 21,600 SF Rent/SF/Yr: For Sale Only % Leased: 0% 7301 SW 57th Ct Plaza 57 South Miami, FL 33143 Miami/Dade County Landlord Representative: Leasing Company: Sublet Contacts: Property Manager: True Owner: Recorded Owner: Developer: Plaiar5` Building Type: Class B Office/Office with street -level Retail . Status: Built Mar 2005 Total Avail: 9,769 SF Building Size: 69,000 SF. Rent/SF/Yr: $35.00-$40.00 Typical Floor Size: 30,804 SF % Leased: 93.8% Grubb & Ellis/1st Commercial 239-210-7600 / Carlos Acosta 239-210-7609 NAI MIAMI Commercial Real Estate Services / Edward L. Schmidt 305-938-4000x101 Robert A. Eckstein 305-938-4000x113 -- 5,643 SF (755-3,711 SF) Tech 3 Solutions / Preston Dickerson 305-666-1910 — 626 SF (626 SF) Blue Group Media Inc The Richard Brandon Company 305-662-1421 9600 NW 58th St SEC of NW 58th St & NW 97th Ave Doral, FL 33178 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: EC ftilen8M 8r NW 97thpAve Building Type: Land Status: Existing Building Size: Land Area: 4.40 AC Iglesia Casa De Alabanza Inc Total Avail: 0 SF Rent/SF/Yr: For Sale Only % Leased: 0% Nr4I Miami GT stZHoa Estt'e Sa,tm w3t,a»• This copyrighted report contains research licensed to NAI MIAMI Commercial Real Estate Services - 52342. 7/14/2011 Page 14 • • D SouthiMiamilMedical Plaza-. 7150 SW 62nd Ave South Miami Medical Plaza South Miami, FL 33143 Miami/Dade County Landlord Representative: Leasing Company: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Status: Building Size: Typical Floor Size: Class A Office Proposed, breaks ground Jul 2011 82,000 SF 14,000 SF Total Avail: 82,000 SF Rent/SF/Yr: $30.00 % Leased: 0% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Robert A. Eckstein 305-938-4000x113 Huttoe Group Realty Services / Jacquelyn W. Huttoe 305-445-3730 -- 82,000 SF (1,500-14,000 SF) 62nd Avenue Plaza LIc The Richard Brandon Company 305-662-1421 AirportlridustrralrPark 2050 NW 70th Ave Lumax Trading Corp /Americas Custom Brokers Miami, FL 33122 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: D Building Type: Industrial/Warehouse Status: Built 1971 Building Size: 6,785 SF Land Area: 0.63 AC J N B Investments Inc Total Avail: 6,785 SF Rent/SF/Yr: For Sale Only % Leased: 0% Miami Airpr ortandust[ial 2150 NW 70th Ave Miami, FL 33122 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Industrial/Warehouse Status: Built 1972 Building Size: 34,000 SF Land Area: 1.05 AC Total Avail: 0 SF Rent/SF/Yr: For Sale Only % Leased: 100% 2150 Investment, Inc. America's Custom Brokers, Inc. 305-591-9600 / Jorge Sam 305-951-9600 2150 Investment, Inc. N4'I Miami Covrocd rsJ Exnn wrvka V.bkt This copyrighted report contains research licensed to NAI MIAMI Commercial Real Estate Services - 52342. 7/14/2011 Page 15 D Miami Int I`Merchandis Mal 777 NW 72nd Ave Miami Merchandise Mart Miami, FL 33126 Miami/Dade County Landlord Representative: Leasing Company: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Class B Flex Status: Built 1976 Building Size: 482,419 SF Land Area: 20.05 AC Total Avail: 193,100 SF Rent/SF/Yr: $25.00 % Leased: 60.0% Big Blue, Inc. 305-416-4884 / Martin E. Delloca 305-416-4884 NAI MIAMI Commercial Real Estate Services / Vilma Quintela 305-938-4000x117 -- 135,000 SF (45,000 SF) Big Blue, Inc. 305-416-4884 / Martin E. Delloca 305-416-4884 Big B Properties LLC 9490 SW 72nd St Miami, FL 33173 Miami/Dade County Building Type: Retail/Service Station Status: Built 1982 Building Size: 3,450 SF Land Area: 0.57 AC Landlord Representative: Property Manager: True Owner: -- Recorded Owner: Service International LIc Developer: -- D Total Avail: 0 SF Rent/SF/Yr: For Sale Only % Leased: 100% NW 72nd Ave & 35th Ter Miami, FL 33122 Miami/Dade County Building Type: Land Status: Existing Building Size: Land Area: 1.16 AC Total Avail: 0 SF Rent/SF/Yr: - % Leased: 0% Landlord Representative: NAI Miami Commercial Real Estate 305-629-8710 / Gabriel Garcia-Menocal 305-629-8710 Property Manager: -- True Owner: -- Recorded Owner: 3500 Milam Dairy Road Llc Developer: NAIMiami Ccerrrstai Pad bs tea. This copyrighted report contains research licensed to NAI MIAMI Commercial Real Estate Services - 52342. 7/14/2011 Page 16 RTSMI=oaks Plaza 15472-15550 NW 77th Ct Royal Oaks Plaza Miami Lakes, FL 33016 Miami/Dade County Building Type: Retail/(Community Ctr) Status: Built 1987, Renov 2006 Building Size: 25,681 SF Land Area: 13.66 AC Total Avail: 8,005 SF RenUSF/Yr: $20.00-$25.00 % Leased: 68.8% Landlord Representative: NAI MIAMI Commercial Real Estate Services 305-938-4000 / Brandon Weiss 305-938-4000 Property Manager: -- True Owner: REIMS Management, Inc. 305-604-1491 Recorded Owner: Royal Oaks Plaza, Inc. Developer: HSW Investments Inc. 50 Royal,Qaks: Plaza:' 15472-15550 NW 77th Ct Miami Lakes, FL 33016 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Retail Status: Built 1987 Building Size: 140,028 SF Land Area: 13.66 AC Total Avail: 26,385 SF Rent/SF/Yr: $18.00-$28.00 % Leased: 83.6% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Edward L. Schmidt 305-938-4000x101 Royal Oaks Plaza Inc West Park Center "r 2782-2818 NW 79th Ave Building 1 Miami, FL 33122 Miami/Dade County Building Type: Class B Flex Status: Built 1985 Building Size: 27,376 SF Land Area: 5.14 AC Total Avail: 5,399 SF Rent/SF/Yr: $17.00 % Leased: 80.3% Landlord Representative: NAI MIAMI Commercial Real Estate Services 305-938-4000 / Robert A. Eckstein 305-938-4000x113 Leasing Company: NAI Miami Commercial Real Estate / Lucia Custer 305-629-8710 Gabriel Garcia-Menocal 305-629-8710 -- 5,399 SF (2,668-2,731 SF) Property Manager: -- True Owner: Quick Auto Parts Distributors Inc 516-938-4900 Recorded Owner: SFW Strip LLC 516-822-9970 Developer: NAI Miami Orwrcr. RN Ewa ^.vnirc, War V Mn. This copyrighted report contains research licensed to NAI MIAMI Commercial Real Estate Services - 52342. 7/14/2011 Page 17 • • 2822-2858 NW 79th Ave Bldg 2 Miami, FL 33122 Miami/Dade County WeStFark' Cente . Building Type: Class B Flex Status: Built 1985 Building Size: 27,300 SF Land Area: 5.14 AC Total Avail: 9,449 SF Rent/SF/Yr: $14.00-$16.00 % Leased: 65.4% Landlord Representative: NAI MIAMI Commercial Real Estate Services 305-938-4000 / Vilma Quintela 305-938-4000x117 Leasing Company: NAI Miami Commercial Real Estate / Lucia Custer 305-629-8710 Gabriel Garcia-Menocal 305-629-8710 -- 9,449 SF /3,840 ofc (2,632-4,105 SF) Property Manager: -- True Owner: Quick Auto Parts Distributors Inc 516-938-4900 Recorded Owner: SFW Strip LLC 516-822-9970 Developer: Ming WestParkCente 2862-2898 NW 79th Ave Bldg 3 Miami, FL 33122 Miami/Dade County Building Type: Class B Flex Status: Built 1985 Building Size: 27,300 SF Land Area: 5.14 AC Total Avail: 7,666 SF Rent/SF/Yr: $14.00-$16.00 % Leased: 71.9% Landlord Representative: NAI MIAMI Commercial Real Estate Services 305-938-4000 / Vilma Quintela 305-938-4000x117 Leasing Company: NAI Miami Commercial Real Estate / Lucia Custer 305-629-8710 Gabriel Garcia-Menocal 305-629-8710 -- 7,666 SF /2,840 ofc (2,253-2,727 SF) Property Manager: -- True Owner: Quick Auto Parts Distributors Inc 516-938-4900 Recorded Owner: SFW Strip LLC 516-822-9970 Developer: -- 6508 NW 82nd Ave Miami, FL 33166 Miami/Dade County Building Type: Industrial/Warehouse Status: Built 1982 Building Size: 14,666 SF Land Area: 0.85 AC Landlord Representative: Discout Packaging Suppy Inc. Property Manager: - True Owner: Discount Packaging Supply 305-477-0008 Recorded Owner: Discout Packaging Suppy Inc. Developer: -- Total Avail: 14,666 SF Rent/SF/Yr: For Sale Only % Leased: 100% NAI Miami C c,SP 4Esur Sew. v&Mnw. This copyrighted report contains research licensed to NAI MIAMI Commercial Real Estate Services - 52342. 7/14/2011 Page 18 • Westend @87th:; 2600 NW 87th Ave Westend @ 87th Miami, FL 33172 Miami/Dade County Doral Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Retail/(Neighborhood Ctr) Status: Built Nov 2000 Building Size: 73,236 SF Land Area: 4.44 AC Total Avail: 15,776 SF Rent/SF/Yr: $15.00-$25.00 % Leased: 78.5% NAI Miami Commercial Real Estate 305-629-8710 / Lucia Custer 305-629-8710 Westend of Miami, LC 305-597-0510 Vomar P,rofessional'Bldg;,,d 8955 SW 87th Ct Nomar Professional Bldg Miami, FL 33176 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Class C Office/Medical Status: Built 1974 Building Size: 27,572 SF Typical Floor Size: 26,669 SF Total Avail: 0 SF Rent/SF/Yr: - % Leased: 100% NAI Miami Commercial Real Estate 305-629-8710 / Lucia Custer 305-629-8710 Nomar Inv. N.V. • The • Commons',;: 1987 NW 88th Ct The Commons Miami, FL 33172 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Class B Office Status: Built May 1990 Building Size: 6,460 SF Typical Floor Size: 3,235 SF Total Avail: 3,230 SF Rent/SF/Yr: For Sale Only % Leased: 50.0% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Sherry M. Halstead 786-260-0403 NAI MIAMI Commercial Real Estate Services 305-938-4000 /Jeremy S. Larkin 305-938-4000 Condos Individually Owned NAIMiami Corv'ccd F ctl E:aio Sew®. MbtwSs. This copyrighted report contains research licensed to NAI MIAMI Commercial Real Estate Services - 52342. 7/14/2011 Page 19 s • • 1890 NW 95th Ave Miami, FL 33172 Miami/Dade County Building Type: Industrial/Warehouse Status: Built 1991 Building Size: 17,286 SF Land Area: 0.98 AC Total Avail: 17,286 SF Rent/SF/Yr: For Sale Only % Leased: 100% Landlord Representative: NAI Miami Commercial Real Estate 305-629-8710 / Gabriel Garcia-Menocal 305-629-8710 Property Manager: True Owner: Bendek Investment, Inc. 305-408-8810 Recorded Owner: Bendek Investment, Inc. 305-408-8810 Developer: -- airport Lrakeilndusttial Park" 2150 NW 95th Ave Cosmetic Research Corp Miami, FL 33172 Miami/Dade County Building Type: Industrial/Warehouse Status: Built 1988 Building Size: 17,395 SF Land Area: 1.50 AC Total Avail: 9,645 SF Rent/SF/Yr: $7.25 % Leased: 44.6% Landlord Representative: NAI Miami Commercial Real Estate 305-629-8710 / Lucia Custer 305-629-8710 Property Manager: True Owner: -- Recorded Owner: Dale A. Heckerling, Esq. 305-238-8883 Developer: -- 60 La o Industri`al;PO4 1861-1873 NW 97th Ave Miami, FL 33172 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Industrial/Warehouse Status: Built 1984 Building Size: 35,000 SF Land Area: 0.52 AC Total Avail: 10,900 SF Rent/SF/Yr: $8.75-$15.00 % Leased: 97.4% NAI Miami Commercial Real Estate 305-629-8710 / Lucia Custer 305-629-8710 ACCO-TERRAMAR 305-591-8380 / Al Germi 305-591-8380 Larry Germi 305-477-5174 NAIMiami This copyrighted report contains research licensed to NAI MIAMI Commercial Real Estate Services - 52342. 7/14/2011 Page 20 • 19380 SW 108th Ave Miami, FL 33157 Miami/Dade County Landlord Representative: Sublet Contacts: Property Manager: True Owner: Recorded Owner: Developer: B Building Type: Industrial/Warehouse Status: Existing Building Size: 12,000 SF Land Area: 3.84 AC Total Avail: 12,000 SF Rent/SF/Yr: Negotiable % Leased: 100% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Josh Rodstein 786-260-0405 NAI MIAMI Commercial Real Estate Services /Josh Rodstein 786-260-0405 -- 12,000 SF (6,000 SF) Triple H & S Ltd LIc 2245 NW 110th Ave Miami, FL 33172 Miami/Dade County Building Type: Industrial/Warehouse Status: Built Jun 2005 Building Size: 18,136 SF Land Area: 0.89 AC Total Avail: 18,136 SF Rent/SF/Yr: For Sale Only % Leased: 0% Landlord Representative: Property Manager: -- True Owner: Raquel Caride & Maria Rojas 305-477-9996 / Raquel Caride 305-477-9996 Recorded Owner: Estruche & Mikela, LLC 305-477-2772 Developer: -- D AShBldg 7990 SW 117th Ave ASI Bldg Miami, FL 33183 Miami/Dade County Building Type: Class B Office Status: Built 1985 Building Size: 36,400 SF Typical Floor Size: 18,200 SF Total Avail: 6,125 SF Rent/SF/Yr: $19.75 % Leased: 92.5% Landlord Representative: NAI MIAMI Commercial Real Estate Services 305-938-4000 / Sherry M. Halstead 786-260-0403 Property Manager: NAI MIAMI Commercial Real Estate Services 305-938-4000 True Owner: -- Recorded Owner: GT Group 11740, LLC 305-661-9393 Developer: -- Nfi (Miami Gm,ttdN al Es!..&s caz WM .... This copyrighted report contains research licensed to NAI MIAMI Commercial Real Estate Services - 52342. 7/14/2011 Page 21 • 8000 SW 117th Ave Kendall West Professional Center Miami, FL 33183 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: D Kendall West rofessionallCente Building Type: Class B Office/Medical Status: Built Jul 2007 Building Size: 48,056 SF Typical Floor Size: 12,000 SF Elaine Sevush 305-253-5053 / Elaine Sevush 305-253-5053 Total Avail: 10,122 SF Rent/SF/Yr: $21.00-$22.00 % Leased: 88.8% 16115 SW 117th Ave Miami, FL 33177 Miami/Dade County Landlord Representative: Leasing Company: Property Manager: True Owner: Recorded Owner: Developer: �outhDade_Busine§�Cent[e Building Type: Class B Office Status: Built 1989, Renov 2011 Building Size: 39,850 SF Typical Floor Size: 39,850 SF Total Avail: 7,900 SF Rent/SF/Yr: $13.00-$14.00 % Leased: 80.2% Airport Realty & Development Co. 305-592-3411 / Rick Susman 305-592-3411 NAI MIAMI Commercial Real Estate Services / Harry Jordan 305-938-4000x125 Joseph R. Gallaher 786-533-1246 -- 4,100 SF (4,100 SF) Esslinger Wooten Maxwell / Richard Wieder 305-960-2445 Karel Foti 305-960-2444 -- 3,800 SF (1,900 SF) Jose Arias eaboard;Industrial�Park� `g 3200-3290 NW 119th St Miami, FL 33167 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Industrial/Warehouse Status: Built 1974 Building Size: 176,000 SF Land Area: 6.50 AC Total Avail: 142,500 SF Rent/SF/Yr: $4.95 % Leased: 60.8% NAI Miami Commercial Real Estate 305-629-8710 / Lucia Custer 305-629-8710 KOSS' PAPER COMPANY 305-688-6601 / David Kossman 305-688-6601 Dmk Properties Ltd 305-688-6601 NAIMiami Gnnaca'atl L.. Sanvm Wan.v. This copyrighted report contains research licensed to NAI MIAMI Commercial Real Estate Services - 52342. 7/14/2011 Page 22 145tBuildii g:Supply 14515 SW 120th St 145 Building Supply Miami, FL 33186 Miami/Dade County Building Type: Industrial/Warehouse Status: Built Sep 2001 Building Size: 25,310 SF Land Area: 1.20 AC Total Avail: 25,310 SF Rent/SF/Yr: $8.50 % Leased: 100% Landlord Representative: NAI Miami Commercial Real Estate 305-629-8710 / Gabriel Garcia-Menocal 305-629-8710 Property Manager: -- True Owner: 145 Building Supply, Inc. 305-387-5623 Recorded Owner: Kendall Tech Parc, LLC 305-251-9797 Developer: -- r� Bldg'B. Lake Views 12940 SW 128th St Bldg B - Lake Views Miami, FL 33186 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Class B Office Status: Built Oct 2003 Building Size: 6,000 SF Typical Floor Size: 3,000 SF Total Avail: 3,455 SF Rent/SF/Yr: For Sale Only % Leased: 100% Southeast Property Management 305-255-2622 / Steven Hendrikse 305-984-5357 SW MinirStorage'' 12461 SW 130th St Building A & B Miami, FL 33186 Miami/Dade County Building Type: Industrial/Self-Storage Status: Built 1983 Building Size: 20,000 SF Land Area: - Landlord Representative: -- Property Manager: True Owner: -- Recorded Owner: Citibank Na 469-220-3573 Developer: -- NAI Miami Ccmrvca Nmi awe Smim. Wmn m. Total Avail: 0 SF Rent/SF/Yr: - % Leased: 100% This copyrighted report contains research licensed to NAI MIAMI Commercial Real Estate Services - 52342. 7/14/2011 Page 23 • 8871 SW 132nd St Miami, FL 33176 Miami/Dade County Building Type: Retail Status: Built 1970 Building Size: 20,500 SF Land Area: 0.53 AC Total Avail: 16,000 SF Rent/SF/Yr: $20.00 % Leased: 100% Landlord Representative: NAI MIAMI Commercial Real Estate Services 305-938-4000 / Harry Jordan 305-938-4000x125 Property Manager: -- True Owner: -- Recorded Owner: Hanna Barry G Developer: — Brag :1;A & B' 12855 SW 132nd St Bldg 1 A & B Miami, FL 33186 Miami/Dade County Building Type: Class B Office Status: Built Jun 2005 Building Size: 19,000 SF Typical Floor Size: 11,336 SF Total Avail: 6,987 SF Rent/SF/Yr: $17.50-$17.52 % Leased: 63.2% Landlord Representative: NAI MIAMI Commercial Real Estate Services 305-938-4000 / Sherry M. Halstead 786-260-0403 Leasing Company: Southern Commercial Group LLC / Bari Stone 877-647-9511 -- 2,141 SF (915-1,226 SF) Property Manager: -- True Owner: Recorded Owner: Developer: — Blag2A8B -y,u 12895 SW 132nd St Bldg 2 A & B Miami, FL 33170 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Class B Office Status: Built Jun 2005 Building Size: 13,200 SF Typical Floor Size: 6,600 SF Total Avail: 3,730 SF Rent/SF/Yr: $17.50 % Leased: 71.7% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Sherry M. Halstead 786-260-0403 NAI Miami COMnirtaXeRut E,4 S, S wubiw. This copyrighted report contains research licensed to NAI MIAMI Commercial Real Estate Services - 52342. 7/14/2011 Page 24 • 'Lrkeside.Corporate `uPark'; 12945 SW 132nd St Building 5 Miami, FL 33186 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Flex/Light Distribution Status: Built Mar 2005 Building Size: 8,950 SF Land Area: 7.76 AC Total Avail: 1,790 SF Rent/SF/Yr: $9.00 % Leased: 80.0% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Sherry M. Halstead 786-260-0403 Vonulric Inc Bldg 3 A:&>B 12955 SW 132nd St Bldg 3 A & 8 Miami, FL 33186 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: ID al • Building Type: Class B Office Status: Built 2007 Building Size: 19,000 SF Typical Floor Size: 11,099 SF Total Avail: 7,570 SF Rent/SF/Yr: $17.50 % Leased: 60.2% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Sherry M. Halstead 786-260-0403 Lig Holdings LIc Bldg;4 12955 SW 132nd St Bldg 4 Miami, FL 33186 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Class B Office Status: Proposed Building Size: 37,818 SF Typical Floor Size: 18,909 SF Total Avail: 37,818 SF Rent/SF/Yr: $21.00-$22.00 % Leased: 0% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Sherry M. Halstead 786-260-0403 ...., ynv�.^ W`4 NAI Miami curento arasr Ewn SOW wx.:n. This copyrighted report contains research licensed to NAI MIAMI Commercial Real Estate Services - 52342. 7/14/2011 Page 25 Pan American West7Business Park O NW 133rd PI Lot 16 b/k 6 Miami, FL 33175 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Land Status: Existing Building Size: Land Area: 0.59 AC Total Avail: 0 SF Rent/SF/Yr: For Sale Only % Leased: 0% NAI Miami Commercial Real Estate 305-629-8710 / Lucia Custer 305-629-8710 Goya Foods Inc 305-592-3150 an American West Pa k O NW 133rd PI Lot 15 Blk 6 Miami, FL 33175 Miami/Dade County Building Type: Land Status: Existing Building Size: Land Area: 0.59 AC Total Avail: 0 SF Rent/SF/Yr: For Sale Only % Leased: 0% Landlord Representative: NAI Miami Commercial Real Estate 305-629-8710 / Lucia Custer 305-629-8710 Property Manager: -- True Owner: -- Recorded Owner: Goya Foods Inc 305-592-3150 Developer: -- • Pan American W estBusiness Park ". O NW 133rd PI Lot 14 Miami, FL 33175 Miami/Dade County Building Type: Land Status: Existing Building Size: Land Area: 0.59 AC Total Avail: 0 SF Rent/SF/Yr: - % Leased: 0% Landlord Representative: NAI Miami Commercial Real Estate 305-629-8710 / Lucia Custer 305-629-8710 Property Manager: -- True Owner: -- Recorded Owner: Goya Foods Inc 305-592-3150 Developer: -- Nei Miami Cu:motetfttl EV.1. Sow..Vrofl%c,. This copyrighted report contains research licensed to NAI MIAMI Commercial Real Estate Services - 52342. 7/14/2011 Page 26 • El TheiPradoShopping7Ce iter. 8725-8831 SW 136th St Miami, FL 33176 Miami/Dade County Intersection of US 1 & SW 136th St Building Type: Retail Status: Built 1992 Building Size: 78,605 SF Land Area: 5 AC Total Avail: 0 SF Rent/SF/Yr: - % Leased: 100% Landlord Representative: NAI MIAMI Commercial Real Estate Services 305-938-4000 / Brandon Weiss 305-938-4000 Property Manager: True Owner: -- Recorded Owner: Delta Mex (Canada/USA) Inc. Developer: Courtelis Co. 305-379-8467 / James Chambless 305-379-8467 Architect: Cohen Freedman & Encinosa Architects 8851 SW 136th St Miami, FL 33176 Miami/Dade County Landlord Representative: Leasing Company: Property Manager: True Owner: Recorded Owner: Developer: to Building Type: Retail/General Freestanding Status: Built 1994 Building Size: 33,000 SF Land Area: 4.40 AC Total Avail: 9,257 SF Rent/SF/Yr: $27.00 % Leased: 72.0% NAI MIAMI Commercial Real Estate Services 786-533-1241 / Brandon Weiss 305-938-4000 NAI MIAMI Commercial Real Estate Services / Brandon Weiss 305-938-4000 -- 9,257 SF (9,257 SF) Deltamex Canada U S A Inc Bank`Allantic:Bldg 8701 SW 137th Ave Bank Atlantic Bldg Miami, FL 33183 Miami/Dade County Building Type: Class B Office Status: Built 1969, Renov 1996 Building Size: 43,231 SF Typical Floor Size: 14,410 SF Total Avail: 4,439 SF Rent/SF/Yr: $20.00 % Leased: 89.7% C/ N. Kendall Drive Landlord Representative: NAI MIAMI Commercial Real Estate Services 305-938-4000 / Sherry M. Halstead 786-260-0403 Property Manager: True Owner: BankAtlantic 305-383-4500 Recorded Owner: BankAtlantic 305-383-4500 Developer: -- N4IMiami Ca,ncm'Rc!Exab S nc .W.vx.'at,. This copyrighted report contains research licensed to NAI MIAMI Commercial Real Estate Services - 52342. 7/14/2011 Page 27 • D 14090 SW 144th Ave Rd Miami, FL 33186 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Industrial/Warehouse Status: Built 1985 Building Size: 7,680 SF Land Area: 0.50 AC Total Avail: 7,680 SF Rent/SF/Yr: $10.00 % Leased: 0% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Harry Jordan 305-938-4000x125 John H Strong Hi Bldg D &'E 7767-7777 NW 146th St Bldg D & E Miami Lakes, FL 33016 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: too • Building Type: Class B Office Status: Built Mar 2001 Building Size: 9,500 SF Typical Floor Size: 9,500 SF Horizon Properties 305-364-9945 Individually Managed Condos Individually Owned Condos Individually Owned Total Avail: 2,639 SF Rent/SF/Yr: For Sale Only % Leased: 72.2% Sabina Plaza 4001-4089 SW 152nd Ave Sabina Plaza Miami, FL 33185 Miami/Dade County NW Corner Landlord Representative: Sublet Contacts: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Retail Status: Built Sep 2007 Building Size: 50,000 SF Land Area: 3.88 AC Total Avail: 22,928 SF Rent/SF/Yr: $16.00-$24.00 % Leased: 57.4% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Joseph R. Gallaher 786-533-1246 Stephen R. Rigl, Incorporated / Stephen R. Rigl 305-546-6933 -- 1,608 SF (1,608 SF) Sabina Invest Holdings Ltd LII NAI Miami Cmvfa¢v' Awl Fsa. Sato.. WOtlnu.. This copyrighted report contains research licensed to NAI MIAMI Commercial Real Estate Services - 52342. 7/14/2011 Page 28 • 9245 SW 157th St Palmetto Bay Professional Building Miami, FL 33157 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: iPaImetto Bay ProfessO aIRBuiIdling Building Type: Class B Office Status: Built 1981 Building Size: 11,352 SF Typical Floor Size: 5,572 SF Total Avail: 5,551 SF Rent/SF/Yr: $21.25 % Leased: 51.1% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Edward L. Schmidt 305-938-4000x101 Stoker Homes, Inc. / Ivette Gonzales 305-232-1363 NAI MIAMI Commercial Real Estate Services 305-938-4000 / Jeremy S. Larkin 305-938-4000 / Edward L. Schmidt 305-938-4000 Stoker Building LLP Stoker Homes, Inc. Intracoastal MallgIn6frigi5WalfCente 3909 NE 163rd St Intracoastal Mall Professional Center North Miami Beach, FL 33160 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Class B Office Status: Built 1993 Building Size: 31,162 SF Typical Floor Size: 12,930 SF Total Avail: 17,000 SF Rent/SF/Yr: $27.50 % Leased: 100% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Vilma Quintela 305-938-4000x117 United Automobile Insurance Company 305-940-7299 Par Family Ltd Ptnr ILE • 2727 NW 167th St Miami Gardens, FL 33056 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Class B Flex Status: Built 1958 Building Size: 5,752 SF Land Area: 0.37 AC Total Avail: 2,360 SF Rent/SF/Yr: $19.00 % Leased: 59.0% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Harry Jordan 305-938-4000x125 Real Pro Group, Inc. 786-787-6003 / Joe Ardolino 305-710-0119 2727 Crn Partners Ltd NAI Miami Corr./re-cu. He, Es.. Serval v cranes. This copyrighted report contains research licensed to NAI MIAMI Commercial Real Estate Services - 52342. 7/14/2011 Page 29 • • 11000 SW 184th St Miami, FL 33157 Miami/Dade County Building Type: Retail Status: Existing Building Size: 11,700 SF Land Area: 4.22 AC Total Avail: 0 SF Rent/SF/Yr: For Sale Only % Leased: 100% Landlord Representative: NAI MIAMI Commercial Real Estate Services 305-938-4000 / Harry Jordan 305-938-4000x125 Property Manager: -- True Owner: -- Recorded Owner: Escudero Jaime & Maria Acero Developer: cal Silver Slipper Plaza 11010-11108 SW 184th St Silver Slipper Plaza Miami, FL 33157 Miami/Dade County Building Type: Retail Status: Built 2007 Building Size: 17,813 SF Land Area: 2.55 AC Landlord Representative: - Property Manager: True Owner: -- Recorded Owner: World Class Development, Inc Developer: -- Total Avail: 0 SF Rent/SF/Yr: For Sale Only % Leased: 100% 10410 SW 185th Ter Miami, FL 33157 Miami/Dade County Building Type: Industrial Status: Built 1983 Building Size: 8,170 SF Land Area: 0.40 AC Total Avail: 8,170 SF Rent/SF/Yr: $10.00 % Leased: 100% Landlord Representative: NAI MIAMI Commercial Real Estate Services 305-938-4000 / Timothy Merriman 305-938-4000 Property Manager: True Owner: Ward Roofing Professionals, Inc. Recorded Owner: A & B Warehouses Of South Dade Developer: -- IVAI Miami CoTrracii O.$F a Sanum, Wo4J.,iu. This copyrighted report contains research licensed to NAI MIAMI Commercial Real Estate Services - 52342. 7/14/2011 Page 30 10665 SW 190th St Miami, FL 33157 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Industrial Status: Existing Building Size: 1,155 SF Land Area: - Total Avail: 1,155 SF Rent/SF/Yr: $7.00 % Leased: 0% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Harry Jordan 305-938-4000x125 NW 199th St @ 57th Ave Miami, FL 33055 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: KEN Building Type: Land Status: Existing Building Size: Land Area: 1.38 AC Elm Developers Inc Total Avail: 0 SF Rent/SF/Yr: For Sale Only % Leased: 0% 11190 SW 211 th St Miami, FL 33189 Miami/Dade County Building Type: Land Status: Existing Building Size: Land Area: 1.07 AC Landlord Representative: Property Manager: True Owner: -- Recorded Owner: Cutler Bay Centre LIc Developer: -- Total Avail: 0 SF Rent/SF/Yr: For Sale Only % Leased: 0% NA Miami Cmrrvcw Mai Esua &r,ia W M,a,. This copyrighted report contains research licensed to NAI MIAMI Commercial Real Estate Services - 52342. 7/14/2011 Page 31 GoulZOShoppiRrikperlter 11601 SW 216th St Building Type: Retail Status: Built 1985 Miami, FL 33189 Building Size: 23,134 SF Land Area: 2.71 AC Miami/Dade County Total Avail: 3,394 SF Rent/SF/Yr: $11.00-$12.00 % Leased: 100% Landlord Representative: NAI MIAMI Commercial Real Estate Services 305-938-4000 / Joseph R. Gallaher 786-533-1246 Property Manager: True Owner: -- Recorded Owner: Jaclyn Investment South Florid Developer: -- 12480 SW 216th St Miami, FL 33170 Miami/Dade County Building Type: Land Status: Existing Building Size: Land Area: 5 AC Landlord Representative: -- Property Manager: True Owner: -- Recorded Owner: Michael Petrocelli Developer: -- Total Avail: 0 SF Rent/SF/Yr: For Sale Only % Leased: 0% 1840 Alton Rd Miami Beach, FL 33109 Miami/Dade County Building Type: Retail/Service Station Status: Built 1997 Building Size: 2,000 SF Land Area: 0.37 AC Total Avail: 0 SF Rent/SF/Yr: For Sale Only % Leased: 100% Landlord Representative: Judith Rosen Realtor 305-532-7663 / Judith Rosen 305-532-7663 Property Manager: -- True Owner: -- Recorded Owner: Alton Road Supreme Services In Developer: -- MAI Miami Carmvcu Fical Eta Sm%m. WANku This copyrighted report contains research licensed to NAI MIAMI Commercial Real Estate Services - 52342. 7/14/2011 Page 32 c • • )1920 Alton Rd Miami Beach, FL 33109 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Lul Rlty Inc Building Type: Land Status: Existing Building Size: Land Area: 0.59 AC Total Avail: 0 SF Rent/SF/Yr: For Sale Only % Leased: 0% BC Building 301 Arthur Godfrey Rd HSBC Building Miami Beach, FL 33140 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Class B Office Status: Built 1970, Renov 1995 Building Size: 36,201 SF Typical Floor Size: 5,845 SF Total Avail: 1,584 SF Rent/SF/Yr: $26.50-$29.00 % Leased: 98.1% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Sherry M. Halstead 786-260-0403 NAI MIAMI Commercial Real Estate Services 305-938-4000 / Sherry M. Halstead 786-260-0403 Cabi 301 Residential Lilp Lllp iturPPI quare 11600 Bethune Dr Turnpike Square Miami, FL 33176 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Retail Status: Under Construction, delivers Oct 2011 Building Size: 6,000 SF Land Area: 1.56 AC Total Avail: 6,000 SF Rent/SF/Yr: Negotiable % Leased: 0% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Edward L. Schmidt 305-938-4000x101 Community Bk Of FI M I Miami Cc,vrom' FwY Eft Scnncus. Wuunoo. This copyrighted report contains research licensed to NAI MIAMI Commercial Real Estate Services - 52342. 7/14/2011 Page 33 2336 Biscayne Blvd Miami, FL 33137 Miami/Dade County Building Type: Industrial/Self-Storage Status: Built 2005 Building Size: 151,914 SF Land Area: 0.23 AC Total Avail: 3,200 SF Rent/SF/Yr: $30.00 % Leased: 99.0% Landlord Representative: NAI MIAMI Commercial Real Estate Services 305-938-4000 / Brandon Weiss 305-938-4000 Property Manager: True Owner: Public Storage, Inc. 818-244-8080 Recorded Owner: Bms Omni Llc Developer: -- 14361 Commerce Way Senate Square Office Bldg Miami Lakes, FL 33016 Miami/Dade County Senate SqarOffice Bldg Building Type: Class B Office Status: Built 1985 Building Size: 38,181 SF Typical Floor Size: 12,727 SF Total Avail: 6,006 SF Rent/SF/Yr: $22.00-$23.00 % Leased: 84.3% Landlord Representative: NAI MIAMI Commercial Real Estate Services 305-938-4000 / Sherry M. Halstead 786-260-0403 Property Manager: AGS Properties Corp. 305-662-6772 / Alvaro DaSilva 305-662-6772 True Owner: -- Recorded Owner: AGS Properties Corp. 305-662-6772 / Alvaro DaSilva 305-662-6772 Developer: -- Commerce��oin 3511 W Commercial Blvd Building Type: Class B Office Status: Built Jan 1986 Commerce Point Building Size: 28,360 SF Typical Floor Size: 8,000 SF Fort Lauderdale, FL 33309 Broward County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Total Avail: 23,700 SF Rent/SF/Yr: $18.50 % Leased: 86.2% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Vilma Quintela 305-938-4000x117 IDS 954-484-0969 Triad Venture Group NAI Miami CormardiRealE;,as �WOtM This copyrighted report contains research licensed to NAI MIAMI Commercial Real Estate Services - 52342. 7/14/2011 Page 34 103 3180 Coral Way Miami, FL 33145 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Retail Status: Existing Building Size: 2,470 SF Land Area: - Total Avail: 2,470 SF Rent/SF/Yr: $15.00 % Leased: 0% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Lisa A. Tenn 305-938-4000x129 Datran'Center s 9130 S Dadeland Blvd Datran Center II Miami, FL 33156 Miami/Dade County Landlord Representative: Sublet Contacts: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Class A Office Status: Built 1986, Renov 2003 Building Size: 215,415 SF Typical Floor Size: 20,000 SF Total Avail: 65,873 SF Rent/SF/Yr: $27.00-$36.00 % Leased: 78.1% Cushman & Wakefield, Inc. 305-371-4411 / Richard Bamonte 305-371-4411 NAI MIAMI Commercial Real Estate Services / Jason B. Krieger 305-938-4000 -- 3,077 SF (3,077 SF) Crescent Real Estate Equities Company 305-670-3056 / Craig Slimak 305-670-3056 USAA Real Estate Company 800-531-8182 Datran Center I LLC 512-346-5232 • 4861 N Dixie Hwy Oakland Park, FL 33334 Broward County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Class C Office Status: Built 1975 Building Size: 27,000 SF Typical Floor Size: 13,500 SF Total Avail: 6,400 SF Rent/SF/Yr: Negotiable % Leased: 76.3% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Vilma Quintela 305-938-4000x117 Gary Swid 561-367-1270 / Gary Swid 561-367-1270 4861 North Dixie Highway, LLC 561-715-9280 NAI Miami Gn.mcn Mal Eva Snow. N1bnm. This copyrighted report contains research licensed to NAI MIAMI Commercial Real Estate Services - 52342. 7/14/2011 Page 35 106 ,CendallnI Plaza 8603 S Dixie Hwy Kendall I Plaza Miami, FL 33143 Miami/Dade County Building Type: Class C Office Status: Built 1990 Building Size: 69,900 SF Typical Floor Size: 17,475 SF Total Avail: 6,974 SF Rent/SF/Yr: $22.00-$24.17 % Leased: 91.0% Landlord Representative: NAI MIAMI Commercial Real Estate Services 305-938-4000 / John B. Erixon 786-533-1241 Property Manager: Fryd Properties 305-673-2948 / Azia Cruz 305-673-2948 True Owner: Fryd Properties 305-673-2948 / Jonathan Fryd 305-673-2948 Recorded Owner: Kendall I Plaza LTD Developer: The Related Group of Florida 305-460-9900 Dadeland Professional Bldg`° " -- 9655 S Dixie Hwy Dadeland Professional Bldg Miami, FL 33156 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Class B Office Status: Built 1971, Renov Aug 2000 Building Size: 30,000 SF Typical Floor Size: 10,000 SF Total Avail: 8,424 SF Rent/SF/Yr: $24.00 % Leased: 71.9% NAI MIAMI Commercial Real Estate Services305-938-4000 / Edward L. Schmidt 305-938-4000x101 NAI MIAMI Commercial Real Estate Services 305-938-4000 / Edward L. Schmidt 305-938-4000 Pinecrest Professional Building, L. 305-670-2900 Pinecrest Professional Building, L. 305-670-2900 108 12475 S Dixie Hwy Pinecrest, FL 33156 Miami/Dade County ° Pinecrest,Village Plaza Building Type: Retail/General Freestanding Status: Built 1988 Building Size: 12,264 SF Land Area: 0.73 AC Total Avail: 12,264 SF Rent/SF/Yr: $30.00-$45.00 % Leased: 0% Landlord Representative: NAI MIAMI Commercial Real Estate Services 305-938-4000 / Brandon Weiss 305-938-4000 Property Manager: -- True Owner: REIMS Management, Inc. 305-604-1491 Recorded Owner: Reims Pinecrest 124 LLC 305-604-1491 Developer: -- NAI Miami This copyrighted report contains research licensed to NAI MIAMI Commercial Real Estate Services - 52342. 7/14/2011 Page 36 s • 109 'PlnecrestVillage 12505-12537 S Dixie Hwy Miami, FL 33156 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Retail/(Strip Ctr) Status: Built 1990 Building Size: 19,547 SF Land Area: 1.37 AC Total Avail: 11,246 SF Rent/SF/Yr: $30.00-$38.00 % Leased: 42.5% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Brandon Weiss 305-938-4000 Reims Pinecrest 125 LIc 110 12651 S Dixie Hwy Pinecrest Town Center Office Miami, FL 33156 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: -enter Office Building Type: Class B Office/(Neighborhood Ctr) Status: Built 1985 Total Avail: 4,300 SF Building Size: 30,515 SF Rent/SF/Yr: $26.00 Typical Floor Size: 7,629 SF % Leased: 85.9% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Brandon Weiss 305-938-4000 American Academy of Pinecrest 305-233-5723 Cohen Commercial Properties, LLC 212-679-1222 Pinecrest Realty Associates, LLC 561-775-1300 14951 S Dixie Hwy Miami, FL 33176 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Retail/General Freestanding Status: Built 1966, Renov 1993 Building Size: 10,500 SF Land Area: 0.57 AC Total Avail: 0 SF Rent/SF/Yr: - % Leased: 100% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Edward L. Schmidt 305-938-4000x101 Hanna Barry G & Sonia C Trust r 1 Miami Gtmvcu liml E;nu SmYm WOCMOe. This copyrighted report contains research licensed to NAI MIAMI Commercial Real Estate Services - 52342. 7/14/2011 Page 37 18300 S Dixie Hwy Miami, FL 33157 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Industrial Status: Built 1986 Building Size: 18,656 SF Land Area: 1.50 AC Total Avail: 16,356 SF Rent/SF/Yr: $12.00 % Leased: 53.9% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Timothy Merriman 305-938-4000 Barry Hanna 305-253-4916 / Barry Hanna 305-252-7463 184 Us 1 LIc 22840 S Dixie Hwy Miami, FL. 33170 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Industrial/Warehouse Status: Built 1948 Building Size: 12,700 SF Land Area: 0.83 AC Total Avail: 0 SF Rent/SF/Yr: For Sale Only % Leased: 100% Fortune International Realty Key Biscayne, Inc. 305-361-1720 / Magdalena Cabrera 305-546-5336 Diadenys & Ride! Nodarse 1Waverly (( i Ias'Olas % 100-110 N Federal Hwy The Waverly © las Olas Fort Lauderdale, FL 33301 Broward County Landlord Representative: Leasing Company: Sublet Contacts: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Retail/Storefront Retail/Office Status: Built Nov 2004 Building Size: 30,000 SF Land Area: - Total Avail: 14,602 SF Rent/SF/Yr: $25.00-$28.00 % Leased: 69.3% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Brandon Weiss 305-938-4000 CB Richard Ellis / Brian Batchelder 954-745-5867 -- 5,095 SF (5,095 SF) The Fitzgerald Group / Bradford W. Fitzgerald 954-760-9300x17 -- 2,025 SF (2,025 SF) Zom Development Corp. 561-447-7717 Zom Development Corp. 561-447-7717 N4IMiami Cornsrui Estn Slowel. n. This copyrighted report contains research licensed to NAI MIAMI Commercial Real Estate Services - 52342. 7/14/2011 Page 38 s • 3170 N Federal Hwy Eldorado Bldg Lighthouse Point, FL 33064 Broward County Landlord Representative: Sublet Contacts: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Class C Office Status: Built Sep 1973 Building Size: 37,235 SF Typical Floor Size: 29,955 SF Total Avail: 12,480 SF Rent/SF/Yr: $14.00 % Leased: 86.0% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Jeremy S. Larkin 305-938-4000x102 NAI MIAMI Commercial Real Estate Services / Jeremy S. Larkin 305-938-4000x102 -- 6,243 SF (135-3,177 SF) NAI MIAMI Commercial Real Estate Services 305-938-4000 / Jeremy S. Larkin 305-938-4000 Tor ino Trailers South 24005 S Federal Hwy Torino Trailers South Homestead, FL 33032 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Industrial Status: Built 1986 Building Size: 6,000 SF Land Area: 1.24 AC NAI Miami Commercial Real Estate 305-629-8710 Mario & Maria Pino 305-871-9555 / Mario Pino 305-871-9555 Mario & Maria Pino 305-871-9555 Total Avail: 6,000 SF Rent/SF/Yr: For Sale Only % Leased: 0% 44 E Flagler St Miami, FL 33131 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: NIA Miami cn:.w, .Pis ExUa St Sx .. vw no.,. Building Type: Retail/Storefront Status: Built 1934 Building Size: 3,600 SF Land Area: 0.14 AC Total Avail: 3,600 SF Rent/SF/Yr: $35.00 % Leased: 0% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Jeremy S. Larkin 305-938-4000x102 Tegesta Inc This copyrighted report contains research licensed to NAI MIAMI Commercial Real Estate Services - 52342. 7/14/2011 Page 39 • 4351 Flamingo Rd Davie, FL 33330 Broward County Landlord Representative: Property Manager: True Owner: -- Recorded Owner: Gas 2 LLC Developer: Building Type: Retail/Service Station Status: Built 2003 Building Size: 15,712 SF Land Area: 1.62 AC Total Avail: 0 SF Rent/SF/Yr: For Sale Only % Leased: 100% • 3008-3034 Grand Ave Miami, FL 33133 Miami/Dade County Landlord Representative: Sublet Contacts: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Retail Status: Built 1925 Building Size: 28,731 SF Land Area: 0.96 AC Total Avail: 5,500 SF Rent/SF/Yr: $38.00 % Leased: 100% The Comras Company, Inc. 305-532-0433 / Michael Comras 305-532-0433 NAI MIAMI Commercial Real Estate Services / Lisa A. Tenn 305-938-4000x129 -- 2,500 SF (2,500 SF) Peacock Richard C • 120 Vdratyleg3250:Grail Avenue 3250 Grand Ave Cocostyle@3250 Grand Avenue Coconut Grove, FL 33133 Miami/Dade County Cocostvle(8 3250 Grand Avenue Landlord Representative: Swire Brickell Key Realty 305-372-1288 / Martha Dajer 305-372-1288 Leasing Company: NAI MIAMI Commercial Real Estate Services / Lisa A. Tenn 305-938-4000x129 -- 974 SF (974 SF) Property Manager: Coldwell Banker Commercial NRT 305-667-4815 / Rolando A. Alvarez 305-667-4815 True Owner: Recorded Owner: Barrett Shannon Developer: -- Building Type: Retail/Storefront Retail/Residential Status: Built Oct 2006 Total Avail: 974 SF Building Size: 9,266 SF Rent/SF/Yr: $27.00 Land Area: - % Leased: 100% NAIMiami Ca:nvco MW 6•ra Smx®. V:wuxw. This copyrighted report contains research licensed to NAI MIAMI Commercial Real Estate Services - 52342. 7/14/2011 Page 40 • 1940 Harrison St Hollywood, FL 33020 Broward County Landlord Representative: Sublet Contacts: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Class B Office Status: Built 1950, Renov 2006 Building Size: 22,659 SF Typical Floor Size: 6,584 SF Total Avail: 13,561 SF Rent/SF/Yr: $18.00-$21.00 % Leased: 42.7% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Vilma Quintela 305-938-4000x117 NAI MIAMI Commercial Real Estate Services / Vilma Quintela 305-938-4000x117 -- 584 SF (89-584 SF) Gary Swid 561-367-1270 / Gary Swid 561-367-1270 1940 Harrison, LLC acketplace°APHillsboro. Hillsboro Blvd Coconut Creek, FL 33073 Broward County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Land Status: Existing Building Size: Land Area: 0.62 AC Total Avail: 0 SF Rent/SF/Yr: - % Leased: 0% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Josh Rodstein 786-260-0405 Bank of°Amerlca w 4400 Inverrary Blvd Bank of America Lauderhill, FL 33319 Broward County Landlord Representative: Leasing Company: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Class C Office/(Neighborhood Ctr) Status: Built 1978 Total Avail: 10,604 SF Building Size: 13,600 SF Rent/SF/Yr: $13.00 Typical Floor Size: 6,800 SF % Leased: 22.0% GB Companies, LLC 305-718-3687 / Gustavo Blanco 305-718-3687 NAI MIAMI Commercial Real Estate Services / Brandon Weiss 305-938-4000 -- 5,302 SF (5,302 SF) GB Companies, LLC 305-718-3687 NAI Miami Ca7noca Real E.. Serrm WcAMa This copyrighted report contains research licensed to NAI MIAMI Commercial Real Estate Services - 52342. 7/14/2011 Page 41 • • itibank"Blaa= 7300 N Kendall Dr Citibank Bldg Miami, FL 33156 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: 112 Building Type: Class B Office Status: Built 1972, Renov 1992 Building Size: 113,500 SF Typical Floor Size: 99,285 SF Total Avail: 19,496 SF Rent/SF/Yr: $27.50 % Leased: 91.7% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Sherry M. Halstead 786-260-0403 Byrdie Denison 9525 N Kendall Dr Miami, FL 33176 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Retail/Restaurant Status: Built 1970 Building Size: 7,308 SF Land Area: 1.95 AC Total Avail: 0 SF Rent/SF/Yr: - % Leased: 100% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Edward L. Schmidt 305-938-4000x101 Theatre Realty Inc Kend`allExecutive Center: 9555 N Kendall Dr Miami, FL 33176 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Class C Office Status: Built 1970 Building Size: 15,000 SF Typical Floor Size: 7,500 SF Total Avail: 4,847 SF Rent/SF/Yr: $24.00 % Leased: 85.4% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Edward L. Schmidt 305-938-4000x101 NAI MIAMI Commercial Real Estate Services 305-938-4000 / Edward L. Schmidt 305-938-4000 Cytek Software Corporation 305-274-1827 Summit One Two & Three Ltd 305-595-1772 NA! Miami Cornmsca' Ma Est. Sovcas. This copyrighted report contains research licensed to NAI MIAMI Commercial Real Estate Services - 52342. 7/14/2011 Page 42 0 FriBill Executive'tCenter 9595 N Kendall Dr Miami, FL 33176 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Class C Office Status: Built 1970 Building Size: 15,000 SF Typical Floor Size: 18,763 SF Total Avail: 616 SF Rent/SF/Yr: $24.00 % Leased: 95.9% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Edward L. Schmidt 305-938-4000x101 NAI MIAMI Commercial Real Estate Services 305-938-4000 / Edward L. Schmidt 305-938-4000 Theatre Realty, Inc. 305-529-1400 Kendall;Summi 11400 N Kendall Dr Kendall Summit Miami, FL 33176 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Class B Office Status: Built 1985 Building Size: 34,231 SF Typical Floor Size: 16,088 SF Total Avail: 5,106 SF Rent/SF/Yr: $22.50-$28.50 % Leased: 97.6% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Robert A. Eckstein 305-938-4000x113 TA Associates Realty 617-476-2700 / Matt Glenn 617-476-2700 The Realty Associates Fund III, LP 617-476-2700 'KendalIPSummit; 11410 N Kendall Dr Kendall Summit Miami, FL 33176 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Class B Office Status: Built 1984 Building Size: 37,890 SF Typical Floor Size: 11,977 SF Total Avail: 5,071 SF Rent/SF/Yr: $22.50 % Leased: 86.6% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Robert A. Eckstein 305-938-4000x113 TA Associates Realty 617-476-2700 / Matt Glenn 617-476-2700 The Realty Associates Fund III, LP 617-476-2700 NAi Miami Caima[li MA E^^:a<Swa'R This copyrighted report contains research licensed to NAI MIAMI Commercial Real Estate Services - 52342. 7/14/2011 Page 43 • • • 130 KendallSumroit 11420 N Kendall Dr Kendall Summit Miami, FL 33176 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: cm Building Type: Class B Office Status: Built 1986 Building Size: 23,906 SF Typical Floor Size: 11,385 SF Total Avail: 9,579 SF Rent/SF/Yr: $22.00 % Leased: 69.9% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Robert A. Eckstein 305-938-4000x113 TA Associates Realty 617-476-2700 / Matt Glenn 617-476-2700 The Realty Associates Fund III, LP 617-476-2700 KendaIISummit: 11430 N Kendall Dr Kendall Summit Miami, FL 33176 Miami/Dade County Building Type: Class B Office Status: Built 1986 Building Size: 35,591 SF Typical Floor Size: 11,660 SF Total Avail: 21,549 SF Rent/SF/Yr: $22.00-$22.50 % Leased: 81.6% Landlord Representative: NAI MIAMI Commercial Real Estate Services 305-938-4000 / Robert A. Eckstein 305-938-4000x113 Property Manager: True Owner: Recorded Owner: Developer: TA Associates Realty 617-476-2700 / Matt Glenn 617-476-2700 The Realty Associates Fund III, LP 617-476-2700 11440 N Kendall Dr Kendall Summit "E" Miami, FL 33176 Miami/Dade County Kendall Summit"E Building Type: Class B Office/Medical Status: Built 1989 Building Size: 34,231 SF Typical Floor Size: 8,557 SF Total Avail: 13,263 SF Rent/SF/Yr: $22.50 % Leased: 61.3% Landlord Representative: NAI MIAMI Commercial Real Estate Services 305-938-4000 / Robert A. Eckstein 305-938-4000x113 Property Manager: -- True Owner: TA Associates Realty 617-476-2700 / Matt Glenn 617-476-2700 Recorded Owner: The Realty Associates Fund III, LP 617-476-2700 Developer: -- NAI Miami Carcrama hsj Esiau Sews, warvnaa. This copyrighted report contains research licensed to NAI MIAMI Commercial Real Estate Services - 52342. 7/14/2011 Page 44 • • • 231 1550 Kennedy Cswy Public Storage North Bay Village, FL 33141 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: APublieStorage Building Type: Industrial/Self-Storage Status: Built 2000 Building Size: 106,944 SF Land Area: 1.32 AC Total Avail: 2,025 SF Rent/SF/Yr: $20.00 % Leased: 98.1% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Brandon Weiss 305-938-4000 Public Storage, Inc. 305-861-6603 Public Storage, Inc. 818-244-8080 BMS North Bay Village, LLC 1807-1845 Madison St Hollywood, FL 33020 Broward County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Land Status: Existing Building Size: Land Area: 0.69 AC 1809 & 1813 Madison Street LIc Total Avail: 0 SF Rent/SF/Yr: For Sale Only % Leased: 0% Lakes Plaza 8181 Miami Lakes Dr Lakes Plaza Miami Lakes, FL 33016 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Class B Office Status: Built Jul 1991 Building Size: 44,286 SF Typical Floor Size: 22,500 SF Total Avail: 0 SF Rent/SF/Yr: - % Leased: 100% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Sherry M. Halstead 786-260-0403 Aquila Property Company 561-515-8584 / Clifton Hayward 954-340-0120 Lakes Plaza Associates, Inc. 305-818-9993 Lakes Plaza Associates, Inc. 305-818-9993 NAI Miami Co,...,... F 0$va Semoss.W&*. This copyrighted report contains research licensed to NAI MIAMI Commercial Real Estate Services - 52342. 7/14/2011 Page 45 s 599 W Mowry Dr Homestead, FL 33030 Miami/Dade County Building Type: Industrial Status: Built 1976 Building Size: 15,285 SF Land Area: 0.68 AC Total Avail: 15,285 SF Rent/SF/Yr: $9.42 % Leased: 0% Landlord Representative: NAI MIAMI Commercial Real Estate Services 305-938-4000 / Harry Jordan 305-938-4000x125 Property Manager: -- True Owner: -- Recorded Owner: Hilson Robert Developer: -- NEC 312th St @ sw 137th Homestead, FL 33030 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Land Status: Existing Building Size: Land Area: 18 AC Campbell E LIc Ili :Oak Ave Plaza Total Avail: 0 SF Rent/SF/Yr: For Sale Only % Leased: 0% 2800-2860 Oak Ave Oak Ave Plaza Coconut Grove, FL 33133 Miami/Dade County Building Type: Retail Status: Built 2000 Building Size: 20,000 SF Land Area: 0.92 AC Total Avail: 15,266 SF Rent/SF/Yr: $27.00 % Leased: 72.5% Landlord Representative: NAI MIAMI Commercial Real Estate Services 305-938-4000 / Lisa A. Tenn 305-938-4000x129 Property Manager: -- True Owner: -- Recorded Owner: Department of Off -Street Parking City of Miami 305-373-6789 Developer: -- NAI Miami This copyrighted report contains research licensed to NAI MIAMI Commercial Real Estate Services - 52342. 7/14/2011 Page 46 3800 S Ocean Dr Hallmark Of Hollywood Hollywood, FL 33019 Broward County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Class A Office Status: Built 1981 Building Size: 56,347 SF Typical Floor Size: 38,239 SF Total Avail: 28,072 SF Rent/SF/Yr: $13.50 % Leased: 64.5% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Jeremy S. Larkin 305-938-4000x102 Hmark G8 Llc 140 20210-20236 Old Cutler Rd Shoppes of Old Cutler Miami, FL 33189 Miami/Dade County Lakes By The Bay Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Architect: Shgppesrof OIdCutle Building Type: Retaill(Strip Ctr) Status: Built Aug 2003 Building Size: 14,785 SF Land Area: 1.20 AC Total Avail: 3,387 SF Rent/SF/Yr: $22.50-$23.50 % Leased: 77.1% NAI MIAMI Commercial Real Estate Services 305-938-4000 /Jeremy S. Larkin 305-938-4000x102 Old Cutler LIc Old Culter LLC Behar Font & Partners, P.A. 99551 Overseas Hwy Key Largo, FL 33037 Monroe County Landlord Representative: Leasing Company: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Retail Status: Built 1979 Building Size: 17,172 SF Land Area: 1.35 AC Total Avail: 2,941 SF Rent/SF/Yr: $18.00 % Leased: 82.9% Jones Lang LaSalle / Kevin McCarthy 561-292-2668 NAI MIAMI Commercial Real Estate Services / Brandon Weiss 305-938-4000 -- 2,941 SF (1,200-1,741 SF) Barnett Bank Of Jacksonville N A NAI Miami This copyrighted report contains research licensed to NAI MIAMI Commercial Real Estate Services - 52342. 7/14/2011 Page 47 • • • WI Miami Efo 11200 Pines Blvd Pembroke Pines, FL 33026 Broward County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Class B Office/Office with street -level Retail Status: Built 1988 Total Avail: 0 SF Building Size: 11,402 SF Rent/SF/Yr: - Typical Floor Size: 5,502 SF % Leased: 100% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Jeremy S. Larkin 305-938-4000 BankAtlantic 954-940-5000 BankAtlantic 954-940-5000 once,Plaza 4601 Ponce De Leon Blvd Ponce Plaza Coral Gables, FL 33146 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Class B Office Status: Built 1972, Renov Dec 2008 Building Size: 21,738 SF Typical Floor Size: 7,000 SF Total Avail: 1,152 SF Rent/SF/Yr: $26.50-$28.50 % Leased: 94.7% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Vilma Quintela 305-938-4000x117 Capital Realty Services, Inc. 305-663-6633 Capital Realty Services, Inc. 305-663-6633 / Isaac K. Fisher 305-663-6633 Capital Realty Services, Inc. 305-663-6633 <GablesPlaza' 4649 Ponce De Leon Blvd Gables Plaza Coral Gables, FL 33146 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Class C Office Status: Built 1985 Building Size: 27,000 SF Typical Floor Size: 9,000 SF Total Avail: 3,289 SF Rent/SF/Yr: $26.50-$28.50 % Leased: 100% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Vilma Quintela 305-938-4000x117 Capital Realty Services, Inc. 305-663-6633 Capital Realty Services, Inc. 305-663-6633 / Isaac K. Fisher 305-663-6633 Capital Realty Services, Inc. 305-663-6633 Corny.. ,%«, .s.,„cosw-d. .. This copyrighted report contains research licensed to NAI MIAMI Commercial Real Estate Services - 52342. 7/14/2011 Page 48 • 2725 Salzedo St Coral Gables, FL 33134 Miami/Dade County Landlord Representative: Leasing Company: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Class C Office Status: Built 1953 Building Size: 4,336 SF Typical Floor Size: 2,168 SF Total Avail: 2,360 SF Rent/SF/Yr: $18.00-$21.00 % Leased: 72.8% Bennett Real Estate Group 305-445-3399 NAI MIAMI Commercial Real Estate Services / Jason B. Krieger 305-938-4000 -- 2,360 SF (1,180 SF) Four 40 Investors Inc eTrick::View 135 San Lorenzo Ave Merrick View Coral Gables, FL 33146 Miami/Dade County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Architect: Building Type: Class A Office Status: Built May 2008 Building Size: 90,383 SF Typical Floor Size: 22,000 SF Total Avail: 13,456 SF Rent/SF/Yr: $33.00 % Leased: 85.1% Continental Real Estate Companies 305-854-7342 / Douglas Okun 305-779-3160 NAI MIAMI Commercial Real Estate Services 305-938-4000 Bayview Financial 305-854-8880 Behar Font & Partners, P.A. NSheridan Oaks Plaa 2500-2508 N State Road 7 Hollywood, FL 33021 Broward County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Retail/General Freestanding Status: Existing Building Size: 5,792 SF Land Area: 0.47 AC Total Avail: 2,825 SF Rent/SF/Yr: $30.00 % Leased: 51.2% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Lisa A. Tenn 305-938-4000x129 Panamerican Holdings Corp NAI Miami Carnmertli Est. This copyrighted report contains research licensed to NAI MIAMI Commercial Real Estate Services - 52342. 7/14/2011 Page 49 s • 0 heriaa.nOaks` Plaza" 2510-2578 N State Road 7 Sheridan Oaks Plaza Hollywood, FL 33021 Broward County Building Type: Retail/(Strip Ctr) Status: Built 1988 Building Size: 27,830 SF Land Area: 2.64 AC Total Avail: 21,975 SF Rent/SF/Yr: $15.00 % Leased: 21.0% Landlord Representative: NAI MIAMI Commercial Real Estate Services 305-938-4000 / Lisa A. Tenn 305-938-4000x129 Property Manager: True Owner: -- Recorded Owner: Panamerican Holdings Corp Developer: -- heridan^Oak§P,laa 2580 N State Road 7 Hollywood, FL 33021 Broward County Building Type: Retail/General Freestanding Status: Existing Building Size: 2,400 SF Land Area: 0.32 AC Total Avail: 0 SF Rent/SF/Yr: - % Leased: 100% Landlord Representative: NAI MIAMI Commercial Real Estate Services 305-938-4000 / Lisa A. Tenn 305-938-4000x129 Property Manager: -- True Owner: -- Recorded Owner: Panamerican Holdings Corp Developer: -- 150 50 N University Dr Pembroke Pines, FL 33024 Broward County Building Type: Retail/Service Station Status: Built 2004 Building Size: 6,160 SF Land Area: 0.86 AC Total Avail: 0 SF Rent/SF/Yr: For Sale Only % Leased: 100% Landlord Representative: Property Manager: -- True Owner: H.I.T. Oil Investments LIc 954-932-5034 / Ik Hong 954-433-9697 Recorded Owner: H.I.T. Oil Investments Llc 954-932-5034 Developer: -- NAI Miami C.a..mv b' 1441 E..Smarm Nbronna. This copyrighted report contains research licensed to NAI MIAMI Commercial Real Estate Services - 52342. 7/14/2011 Page 50 • • PembrokeaCommons 302-602 N University Dr Pembroke Commons Pembroke Pines, FL 33024 Broward County SWC of Johnson St & N Landlord Representative: Sublet Contacts: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Retail Status: Built 1991 Building Size: 303,805 SF Land Area: 32 AC Total Avail: 6,228 SF Rent/SF/Yr: $20.00-$30.00 % Leased: 99.0% Weingarten Realty Investors 954-351-7002 / Karl Brinkman 954-938-2587 NAI MIAMI Commercial Real Estate Services / Brandon Weiss 305-938-4000 -- 3,114 SF (3,114 SF) Weingarten Realty Investors 954-351-7002 / Chris Taylor 954-938-2590 Jamestown 770-805-1000 WRI/Pembroke 713-868-6361 Homart Development Company 312-551-5000 eta 2150 N University Dr Pembroke Pines, FL 33019 Broward County Landlord Representative: Property Manager: True Owner: Recorded Owner: Developer: Building Type: Retail/Restaurant Status: Built 1975 Building Size: 4,649 SF Land Area: 0.55 AC Total Avail: 4,649 SF Rent/SF/Yr: $25.00 % Leased: 0% NAI MIAMI Commercial Real Estate Services 305-938-4000 / Brandon Weiss 305-938-4000 Investments Associates Llc NAI Miami Cornwall, Real Er.. S.m<m. WOW.m. This copyrighted report contains research licensed to NAI MIAMI Commercial Real Estate Services - 52342. 7/14/2011 Page 51 • • J. NAI Miami's Overall Resources NAI Miami is an established real estate company that has been conducting client transactions since 1997. The firm's geographic coverage is from the Florida Keys to Palm Beach County. NAI Miami currently comprises 40 professionals and staff members providing real estate services, property and asset management services, accounting, marketing and support. Currently, there are 29 real estate professionals providing services in the following specialties: • Leasing • Property / Asset Management • Acquisitions • Dispositions • Tenant Representation • Site Selection • Forensic Real Estate Analysis and Litigation Support • Mortgage Brokerage NAI Miami's in-house marketing specialists produce high quality collateral material, including but not limited to, web design, brochures, floor plans, presentation packages and materials, demographic reports, e-mail blasts, press releases and other marketing pieces as are deemed required for each assignment. To create these high quality marketing materials, the firm has invested in high quality graphic programs to include, but limited to Photoshop, In Design, Illustrator, Adobe Acrobat and Microsoft Suite. The Firm utilizes Constant Contact, a "cloud based" contact database system, to continuously send blast emails to brokers and retailers. Through NAI Global, we have exclusive global connectivity with 5,000 brokers in 325 offices in 55 countries with one key stroke enabling us to reach portals in all major cities worldwide and have the full use of each of our broker resources in each NAI Global office. The firm subscribes to the following portals to and provides exposure to listings: • CoStar — a proprietary database • Loopnet • National Multiple Listing Service • Retail Lease Trac • Craig's List • Linkedln • Facebook • Twitter The above portals are offered to our clients free of charge. • • • K. Pending Litigation Describe any current or pending litigation or proceeding involving Firm, its partners, managers, other key staff members, and its professional activities or performance, if applicable. None. State the nature of the litigation, a brief description of each case, the outcome or projected outcome, and the monetary amounts involved. Not applicable. • • • L. Subcontractor Information Sub -Contractors — provide detailed information regarding qualifications and experience and the work to be performed related to the Scope of Services for each proposed Sub -Contractor. Not applicable. • • M. Compensation Proposal Transactional Services For Transactional Services, NAI will request an industry standard fee, said fees to be further defined between NAI and The City of Miami. Industry standard fees are as follows: Leasing: Between one (1) & ten (10) years Six percent (6.00%) of net lease value of primary term. For leases shorter than ten (10) years, in the event of renewal, the fee paid will be the fee identified in this section up to a total combined term of ten (10) years. In excess of (10) years Six percent (6.00%) of net lease value for lease years 1 through 10; three percent (3.00%) of net lease value for years eleven (11) and beyond. 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 as follows: • Fifty percent (50%) upon the full execution of the lease agreement. • Fifty percent (50%) upon the earlier of Tenant opening for business or commencing the payment of regularly scheduled rent payments. • • • Management Agreements: 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 contributions collected from tenants. Gross receipts shall not include tenants' security deposits, unless applied toward rental payments due, sales tax, proceeds payable to FIU from the sale of all or part of the Property, proceeds payable to FIU from any hazard or title insurance policies, except insurance proceeds for loss of rents. All expenses for travel, meals and lodging will be paid by the City, said expenses to be further agreed upon. Detail information justifying its proposed costs, including reimbursable expenses. Anticipated Marketing Costs to be reimbursed include: Website: $6,000.00 - $8,000.00 Brochures: $5,000.00 Signs: $3,000.00 All other marketing costs to include advertising costs, travel expenses or other costs will be paid by The City of Miami. Based on preliminary budgets, the advertising costs will range from $75,000 to in excess of $250,000 depending on the frequency, size and penetration the City of Miami desires and the successful conclusion of the currently pending lease proposals. NAI Miami will assist the City in coordinating all advertising and other marketing costs as are deemed required by The City of Miami. s N. Other Information Typical Vanilla Shell Standard Landlord's Vanilla Shell shall comprise the following: Floors: Concrete floor slabs, smooth troweled finish, broom clean. Walls: Walls shall be drywall and delivered smooth and ready for paint. Egress Door: Rear egress door will be a hollow metal door. Electrical Svc: 120/208 single phase 100 amp service at the Tenant's panel, which will be located at the Landlord's designated point on or at the rear wall of the Premises, or, as per Landlord's drawings or specifications. Washroom: One toilet room, containing one toilet and one wash basin completely installed with cold water service available and connected to the necessary plumbing and ventilation, together with the partitions and door enclosing same. Flooring shall be, at the option of the Landlord, either vinyl composite floor tiles or ceramic tiles. Landlord shall place the bathroom in a location as determined by Landlord. Heating & A/C: The H.V.A.C. system shall be installed pursuant to the Landlord's standard layout with one return air grill. The units shall be sized based on one (1) ton per every 286 square feet of rentable space. Ceiling: Standard 2' x 4' white metal grid. Light fixtures shall be provided based on Landlord's standard lighting plan. Lights shall be standard 2' x 4' fixtures with both three or four bulb fluorescent lights and a flat, translucent lens. Sufficient lay -in acoustical tiles to complete the ceiling shall be delivered in bulk to the premises for installation by the Tenant. Fire Sprinklers: If required by Miami -Dade County, a sprinkler system will be installed to meet minimum required code with sprinkler heads dropped to a height of 10'. Any modifications to the system shall be done solely at Tenant's expense. Telephone: Empty conduit leading from the meter room where the main telephone switching unit is to the point in the Premises so designated by the Landlord shall be installed. • • o Water Service: Water service shall be brought to the point of water meter connection. Tenant shall be required to pay the appropriate deposit, together with fees for the water meter, meter connection(s) and sewer connection(s) for the water meter serving the Premises. An in - ground concrete box will be provided by Landlord. Brochure • • • • • Company Information 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. AI Miami Commercial Real Estate Services, Worldwide. ompany 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. Ai Miarn1 Commercial Real Estate Services, Worldwide. Leasing Utilizing the client's established cash -flow goals and Tong -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. Al Mia Commercial Real Estate Services, Worldwide. 0 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. NI Miami Commercial Real Estate Services, Worldwide. • Acquisitions Ai Miami Commercial Real Estate Services, Worldwide. 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. • Acquisitions Cont. 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. &41 Miami 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. AlMiami Commercial Real Estate Services, Worldwide. Tenant Representation 14A1 Miami Commercial 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 deal 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. AIMiami 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. Ai Miami Commercial Real Estate Services, Worldwide. ,Forensic Real Estate Analysis & Litigation Support AIMiami Commercial Real Estate Services, Worldwide. 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. .Forensic Real Estate Analysis & Litigation Support cont. %AlMiami Commercial Real Estate Services, Worldwide. 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 firrn's forensic real estate analysis is utilized. This analysis is conducted by reviewing historic assumptions and performance, then comparing them to announced expectations in light 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. •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, NAI Miami's principals have been appointed receivers of commercial properties throughout South Florida. Pm! Miami Commercial Real Estate Services, Worldwide. 1ortgage 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. Al Miami Commercial Real Estate Services, Worldwide. • Client List JUBWJW Little Caesaas Up- I bp Ear.5.74 ODUNKIW DONUTS Prestone I ENC Foot Locker aieiiron Office aa rhathersi -C131E1 E R NV E.RHT 1 B L E S ' ut_OZOlie KiFc 7Rilijii7 ' 060- gogGp0- cif's Gamest= Al Miami Commercial Real Estate Services, Worldwide. Hair cutter /11ass4ge enytt UNHAUI: RadloShadc. vise America's Favorite Tool Store. ght Illianti Herat) PRINREfffiff • Client List FloriTQS w11am Bank BAYVIEW FINANCIAL: Pcetlange Services Viticerar • FD I C934?;' FEDUAL WO= gresustANce CORPOSATON NI Miami Commercial Real Estate Services, Worldwide. BankofAmerica cifr 513NY MELLONi4 thar/es SCHWAB Countrywide° HOME LOANS 1Countrywide Bank - A DIVISION OF TREASURY BANK, NA. OBISCAYNE BANK • Client List 7300 Investments A Head of Hair A & S Handbags ABC Cellular ABC Liquors Ad Print Al!star 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 lackhorse Service c/o Massage vy r. 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. Bloomingnails Boston Chicken Restaurants Brookman Fels & Associates Byrons Calista at Sawgrass Cellular One IPA Miami 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 Com pany Einstein's Bagel Restaurant Elite Realty Equitable Life Assurance Society ETI Travel Everything Medical Excel Time Service, LLC. Expressions Dance Studio Family Counseling Service's 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 Service 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 Ooiberty Mutual Insurance e of Georgia gan Media Intl. Lutheran Brotherhoo d Lutheran Ministries of Fla. Mail 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, Fromberg & 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 11 Miami 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, & Blanck, 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 Commercial Real Estate Services, Worldwide. NAJ Global at a Glance History Gerald C. Finn, who had long been active in real estate development throughout the Eastern seaboard, incorporated New America Network, Inc. in 1978. His vision was to establish a nationwide organization of leading, independent commercial real estate brokerage companies to provide an entirely new level of service to the commercial and institutional real estate markets. Gerald Finn's vision was realized as New America Network, Inc. pioneered a national corporate real estate practice and grew to become the largest commercial real estate network in the United States. In the 1990s, under the leadership of Mr. Finn's son, Jeff, New America Network became a leader in deploying technology related to real estate service delivery. In 1995, Jeff Finn was named President and COO while Gerald maintained the position of Chairman and CEO. In 1997, the company embarked on an aggressive expansion program, changing its name to NAI, launching a global growth initiative and developing the award -winning REALTrac'" Online technology platform. In the new millennium, NAI took another important step in our history by embracing a new branding position. As of March 1, 2005, NAI Corporate began doing business officially as NAI Global. This marks a major change in NAI's mindset and positioning within the marketplace. This change reflects our stature as a globally branded commercial real estate services company — with over 300 offices in 40 countries, and clients who include major multinationals: • Alcoa • DHL • GTECH • Hertz • IKEA • International Paper • The Pepsi Bottling Group, Inc. • United States Postal Service NAI's strategic vision is to provide the global reach clients need through offices in leading markets throughout the world, together with the local knowledge that can only come from independently owned companies in those markets. To this combination of global reach and local knowledge, NAI adds a global management system along with a robust technology infrastructure to deliver consistently excellent service to clients — whether their real estate needs are around the corner or around the world. • N1GobaF Commercial Real Estate Services, Worldwide. Ai Global"' Na .�i at..,,..:.04,aPi.. GiNly REALTrac'M 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 individu al project status, maintain files on acquisition and disposition activities, 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: ortfolio Management Acquisition/Disposition Administration IN Lease Administration ■ Tracking of Activities • Project Checklist and Schedules ■ Reporting Standards 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 team member. Additionally, all reports and communication from third -party services and resources can be delivered electronically to your project. Process Management: REALTracTM empowers every NAI Global cient 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 advanta ges 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 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 combined within a Web -based collaborative portal is effortless access and utilize for every NAI Global client and their established team members. to NA I i ,•� ��• al® Commercial Real Estate Services, Worldwide. Build on the Power Hof Our Network. • NAI Global is the world's premier networI of. commercial real estate firms and one of the' largest real estate service providers worldwide. Our unique "managed" network structure combines: local experts in over 350 offices around the wort .k, with regional management, global infrastructure, best practices and technology to provide our clients with consistent, quality results. Over 5,000 professionals • More than 350 offices worldwide Local experts in 55+ countries • 300 million SF of property managed $45 billion in annual transaction volume NAI Global is a trusted partner, committed to your Tong -term success. NAI Global works with leading corporations, private and institutional investors and government entities; locally, regionally and around the world. Whether: it is negotiating a lease, disposing of an asset or optimizing a global portfolio, we offer flexible, customized solutions designed to advance each client's specific goals. Commercial Real Estate Services, Worldwide. For more information, contact: NAI Global 4 Independence Way Suite 400 Princeton NJ 08540 tel +1 609 945 4000 www.naiglobal.com Investment Services NAI completes over $10 billion in investment sales annually. We combine our local relationships and insights with our sophisticated financial modeling, underwriting, deal structures and negotiating skills to deliver results for our clients time and time again. These local attributes are invaluable when it comes to managing, leasing and repositioning assets in the market to add value for our investor clients. As our name implies, we are well connected to global capital sources. We work with the full range of investors — corporations, financial institutions, private equity funds, high net worth individuals and entrepreneurs — from large European pension funds to wealthy Middle Eastern investors, to local buyers seeking to complete a 1031 Exchange. Whether the requirement involves a single purchase or sale or multiple buildings on an expanded geographic basis, we fulfill our clients' objectives using comprehensive local market knowledge, state-of-the-art technology and sophisticated investment analysis programs. Our global network provides an efficient and effective marketing channel for property owners seeking to expose their property to qualified buyers and maximize the return on their investment at time of sale. NAI maintains iroo ing relationships with the most active buyers of investment and pment properties around the world. We continually track buyer activity along product type, value range and geographic area and match investment properties with the most likely buyers according to their known investment criteria. When appropriate we have the ability to market properties to the broadest possible audience through extensive print and electronic advertising, online listing services, Internet promotion and wide distribution of property flyers and brochures. Our investment services include: ® Asset Management M Property Management © Special Asset Solutions 41 Acquisition/Disposition Ills Capital Markets M Loan Sales 11 Build -to -Suit M Project Management M Feasibility Analysis o Lease Administration 11 Lease Audit ® Tax Appeal M Title/Escrow/Survey 10 Global Supply Chain & Logistics Visit www.naiglobal.com to see our full menu of services. C CJt takes a great deal more than high revenues and lots of employees to rank high on our index. The landscape of property firms — including owners, developers, service providers and others — includes some of this country's most innovative, high - profile and socially conscious firms. But other considerations are critical as well, including employment stability, long-term management tenure, a consistent company history under the same name and certain aspects of geographic and sector diversity. When we balanced these elements, we develop a picture of what it really takes to be the best in the industry, with a ranking that reflects the most significant and talented commercial real estate firms., Commercial Property Executive Magazine • ■i Otv,h E RGI AI, 'RCN'b:R'f 4. . EXECUTIVE CI•C1eLuiisa.iom. � .. Top U.S. Real Estate Companies .:RANK: ., COMPANY.'. Colliers lnlernatianal Cushman & Wakefield Inc. Duke Realty Corp. The Inland Real Estate Group of Cos. .5;' RAI Gboal Interstate Hotels & Resort GB Richard Fins Group Inc. Camden Preperly Trust Mack -Cali Rn}Ily Corp- yo. Pennsylvania Real Estate Investment trust KBS Really Adviors I 1 .12 ... t CCRFAC International - Corporate Faculty Advisors T Homo Properties 14 { Jones Lane LaSalle Inc. ProLogis Studley LRANK-_�a._. i. COMPANY. Carlson Cos. ' 27. The Ashtorth Co. DAUM Commercial Real Estate Services Charles Bunn Co. Levin Management Corp. The ConAm Group The Alter Group Tranawestern 711 RREEF Real Estate Marcus & MIllichap Real Estate Investment Services r'f ..'�,. SS.; , Voit Real Estate Services The Plzzutl Cos. Heitman Travers Realty Corp. Rllhvood The Weitzman Group Glimeher Realty Trust i' 12 . Mohr Partners Inc. • 18Leo & Associates Commercial Real Estate Services , i; CresaPartners L.L.C. 19 HFF (Holliday Fenoglio Fowler L.P.) Alllant Capital L.L.C. Grubb & Ellis Co. 2 Kidder Mathews Walker & Dunlop Lone Star Equities Highwoods Properties Reber) Faust Mortgage Co. Cassidy Turley IB Raektridge Capital L.L.C. It < TMA•CREF IB Bch:Inger Harvard 49r 5onnenbtick-Elcbncr Co. ARA (Apartment Realty Advisors) Commercial Real Estate Services, Worldwide. January 2011