Rail Served Industrial / Warehouse Opportunities

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1 C h e y e n n e L o g i s t i c s H u b a t S w a n R a n c h C h e y e n n e ħ ä æ R a i l S e r v e d I n d u s t r i a l ñ ä a r e h o u s e O p p o r t u n

2 C h e y e n n e L o g i s t i c s H u b a t S w a n R a n c h C h e y e n n e ħ ä æ F e a t u r e s ì L o c a t e d ș m i l e s s o u t h o f t h e i n t e r s e c t i o n o f I n t e r s t a t e ť I n t e r s t a t e š ſ M i d p o i n t b e t w e e n K a n s a s C i t y O m a h a a n d S a l t L a k e C i t y B N S F a n d p l a n n e d U P r a i l s e r M u l t iĸt t r a c k s w i t c h y a r d w i t h p l a n n e d t r a n s l o a d f a c i l i t y i v p r i v a t e s p u r s a v a i l a b l e ć o n e d f o r h e a v y a n d l i g h t i n d u s t r i a l u s e ì c o m m e r c i a l z o n i n g a t t h e n e w H i g h P l a i n s I n t e r c h a n g e o n I n t e r s t a t e š ſ ſ t o ſ ś C i m p r o v e d p a r c e l s a v a i l a b l e P r i c i n g i s d e p e n d e n t o n s i z e l o c a t i o n Advisor: Greg Thomas, Broker greg.thomas@gewyo.com Rail Served Industrial / Warehouse Opportunities T o l e a r n m o r e p l e a s e c o n t a c t ì G þ E m ä y o m i n g m ŝ ß š ŝ C e n t r a l A v e m C h e y e n n e ħ ä æ ť š ś ś ŝ h t m t p ì ñ ñ w w w í g e w y o í c o m T h e i n f o r m a t i o n c o n t a i n e d h e r e i n w a s o b t a i n e d f r o m s o u r c e s b e l i e v e d r e l i a b l e i h o w e v e r ħ G r u b b þ E l l i s C o m p a n y m a k e s n o g u a r a n t e e s ħ w a r r a n t i e s ħ o r a s t o t h e c o m p l e t e n e s s o r a c c u r a c y t h e r e o f í T h e p r e s e n t a t i o n o f t h i s p r o p e r t y i s s u b m i t t e d s u b j e c t t o e r r o r s ħ o m i s s i o n s ħ c h a n g e o f p r i c e o r c o n d l e a s e ħ o r w i t h d r a w a l w i t h o u t n o t i c e í

3 Cheyenne Logistics Hub Package Table of Contents Rocky Mountain Region Vicinity Map.. 1 Cheyenne Region Vicinity Map.. 2 Swan Ranch Conceptual Master Plan.. 3 Cheyenne Logistics Hub Master Plan.. 4 Cheyenne Logistics Hub Information Sheet.. 5 Cheyenne / Wyoming Information.. 7 Grubb & Ellis Wyoming Information.. 10

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8 Cheyenne Logistics Hub at Swan Ranch (CLH) Information Sheet May, of 10 OVERVIEW CLH is a 2,000 acre multi use development located southwest of Cheyenne, WY. It is being developed by Granite Peak Development. CLH is part of the Swan Ranch project that encompasses approximately 7,200 acres. 4,000 acres are located at the southwest intersection of Interstate 80 (I-80) and Interstate 25 (I-25) and the remaining 3,200 acres are located on the east side of I-25. CLH is served by the BNSF Railway (BN) which enters the park at the southern end of the property. Granite Peak Development is in the process of planning and negotiating a Union Pacific Railroad (UP) presence. UP will enter and exit the park on the west side of the property. The High Plains Interchange (I-25 Exit 4) provides the main access to the park and is located on the east side of CLH. CLH can also be accessed from the College Ave Interchange (I-25 Exit 7). CLH is platted and zoned under a Planned Unit Development (PUD). Industrial, commercial and community open space uses are permitted under the PUD. A new $20 million Southeast Wyoming Visitor center is under construction on the southeast corner of the High Plains Interchange. It is due to open in late summer PLANNED USES AND INVENTORY Two (2) to fifty (50) plus acre lots are available for purchase and development. Planned uses include the following: Manufacturing and industrial with and without rail access throughout the project Large warehouse facilities with rail access in the Warehouse Park Service facilities and yards in the Energy Parks Retail, hospitality and travel services along I-25 Small to medium warehouse, flex and office facilities RAIL AND ROAD INFRASTRUCTURE CLH is adjacent to the BNSF tracks on the southern end of the property and the UP mainline on the north and west side of the property. BNSF will deliver cars to the CLH Rail Yard that will have in excess of 10 feeder and storage tracks. Facilities located within CLH will have the ability to receive and ship from private rail spurs constructed on their respective sites. A planned Transload facility will be located on the park for transfer from truck to rail and vice-versa. The High Plains Interchange provides direct ingress and egress routes to/from

9 Cheyenne Logistics Hub at Swan Ranch (CLH) Information Sheet May, of 10 I-25; I-80 intersects with I-25 on the north end of the property. Clear Creek Parkway is the five (5) lane main arterial for Swan Ranch and CLH. The main looped roadways through the CLH (Clear Creek Parkway, Trumpeter Drive, Berwick Drive and Tundra Drive) provide easy access to all sites and is a fully graded, all weather surface. UTILITY INFRASTRUCTURE OTHER Users have committed to or are in negotiations to build facilities on approximately 250 acres of the project. Cheyenne is a proven logistics hub for Wal-Mart and Lowes. Each company has built and currently operates a million plus square foot distribution facility in Cheyenne. CLH has backbone wet and dry utilities infrastructure within the R.O.W. s of Clear Creek Parkway, Trumpeter Drive, Berwick Drive and Tundra Drive. All dry utilities will be installed to the individual property boundaries and will include electricity, natural gas, and phone/data utilities. A commercial well and water storage tank is located on CLH and will link to the fire distribution main that will supply fire suppression water to individual properties. Trunk main water and sewer infrastructure has been constructed. City of Cheyenne sewer was constructed during the summer of 2011 and is available throughout the facility. City of Cheyenne water will be available in mid In the interim, each facility will need to be serviced by an onsite well system.

10 Cheyenne, Wyoming Information May of 10 NOTE: This information was extracted from The Cheyenne-Laramie County Corporation for Economic Development ( Cheyenne LEADS ) web site. For more information regarding Cheyenne, WY, visit the Cheyenne LEADS web site at For Information regarding Wyoming, visit the Wyoming Business Council web site at Cheyenne LEADS, as the local economic development organization for Cheyenne and Laramie County, Wyo., is pleased to present the advantages of establishing a business presence in Cheyenne, Wyoming. Strategic Location A Cheyenne site can provide your company productive synergies associated with its proximity to the Front Range region of the Rocky Mountains. Cheyenne is at the crossroads of I-80 and I-25, and only 90 minutes north of Denver by I-25 Strategically located at major transportation and communication hubs Searchable Cheyenne Map Available Sites Build-to-suit opportunities exist in Cheyenne LEADS own industrial/business parks. Situated at the southeast edge of Cheyenne, the Cheyenne Business Parkway. Building permits can be obtained within 21 days. Situated at the west edge of Cheyenne is the North Range Business Park, with its own interchange onto I-80. All utilities are in place, including high-volume natural gas, electricity, and redundant fiber optics, to meet your special needs. There are no neighborhood encroachment problems. As the landowner, LEADS has the latitude to enter into competitive purchase negotiations possible. Tax Benefits The individual tax burden to Wyoming residents is among the lowest in the United States. No personal state income taxes No corporate state income taxes No inventory taxes Low property taxes Wyoming is the best business-friendly taxation state in the nation Incentives Wyoming's premiere incentive is its everyday low cost of doing business coupled with an abundant quality-oflife. Incentive packages are customized to the particular needs of a company. Land acquisition can be accomplished under favorable terms depending upon job creation. Employee training programs can be favorably structured to meet most employers' needs. Some examples of resources that may be made available include: Customized employee training programs funded in incremental amounts of up to $4,000 per qualified position. Site-ready land in Cheyenne LEADS' business parks Direct purchase of Industrial Revenue Bonds by the Wyoming State Treasurer. Low Cost of Living Average cost of housing (Residentials Average County Sales Price in 2008) was $202,304 Average cost for two-bedroom rental apartments in 2009 was $587 Page 1 of 3

11 Cheyenne, Wyoming Information May 2012 Electricity and natural gas costs in Cheyenne are in the mid-point range nationally. Telecommunications Telecommunication facilities in Cheyenne are served by Qwest Corporation. AT&T, Sprint, and MCI are the long-haul carriers providing analog, digital and fiber optic transport services. Cheyenne is a major Electronic Switching Center with many high-speed data services including DSL, ATM, Frame Relay and ISDN. Labor Advantages Wyoming is a Right-to-Work state with labor rates that are extremely competitive with most other areas of the nation. Laramie County union membership represents about 14% of the work force. Unemployment was 6.1% in Cheyenne has more than 11,000 under-employed people creating an attractive pool of available workers. Labor Availability Cheyenne has a population of 56,915, the county has an additional 30,627 and our trade area has 130,000. There is a readily available work force of well-educated, willing workers in the area. Laramie County Community College in Cheyenne has more than 5,000 students. University of Wyoming, Colorado State University, and University of Northern Colorado, with more than 50,000 students are within 45 minutes commuting distances. F.E. Warren AFB has more than 5,000 personnel, civil service, and dependents. Recent corporate newcomers to Cheyenne have all been able to satisfy their labor demands largely from the local area. For example, Sierra Trading Post has grown from 60 employees to more than 650. Lowe's Companies' regional distribution center, which employs 997, had 8,000 applicants for the first 400 jobs available. Opportunities Cheyenne is a city of rugged determination and proud independence, a city where the frontier still inhabits the spirit of its people. People came west to find opportunity. Today, Cheyenne still advances opportunity to today's pioneer. Accessibility Cheyenne is a location of choice partly because of where it is -- near the geographical and time center of the North American continent. Cheyenne manages a transportation triple play with the intersection of Interstates 80 and 25, two major railroads and the air corridor of the ultra-modern Denver International Airport (DIA). Six flights a day connect Cheyenne to DIA through Great Lakes Airlines. Great Lakes connects with United Airlines and Frontier Airlines, to connect people to airports around the world. Additionally, American Eagle through American Airlines begins twice-daily jet service to the major hub of Dallas/Ft. Worth on July 15, 2010, further expanding connection opportunities to and from the Cheyenne Regional Airport. Cheyenne serves as the northern anchor city of the vibrant Front Range region of the Rocky Mountains. Training Vital to economic team building, the local community college offers a range of academic, vocational and technical programs that provide a high-quality work force, including: Custom-tailored employee training On-site training and professional development Employee development and leadership training Professional continuing education Specialized computer training Lifestyle 8 of 10 Voted the most polite city by the executives across the nation, Cheyenne presents many favorable attributes. Particularly noted for its spirit of volunteerism, the Page 2 of 3

12 Cheyenne, Wyoming Information May 2012 community supports a myriad of activities. One annual event typifies this spirit. Each year, as Cheyenne swells to accommodate three times its population, more than 2,000 residents volunteer their time and talent to produce the world's largest outdoor rodeo -- Cheyenne Frontier Days-- an extravaganza lasting 10 exciting days and nights Climate Cheyenne rests on a broad plateau 6,100 feet above sea level. Majestic mountains to the west act as a moisture barrier, lending to the city's semi-arid climate. Bathed in sunshine and clear blue skies 327 days a year, the city experiences 52 inches of annual snowfall, which quickly melts away in the sun's warm rays. Average monthly temperature 58.3 degrees F Average monthly humidity 52% Annual precipitation inches Average wind velocity a mild 13 mph Healthcare As a magnet for health care professionals, Cheyenne enjoys one of the highest percentages of board-certified physicians in the nation. Cheyenne Regional Medical Center acts as the regional referral center for cardiac care and cancer treatment. F.E. Warren Air Force Base provides medical airlift capabilities enhancing rapid response to medical emergencies. Laramie County health care systems successfully compete for national research projects. The Cheyenne VA Medical Center provides health care services to veterans in southeastern Wyoming, northern Colorado, and western Nebraska. The University of Wyoming, Colorado State University and the University of Northern Colorado offer diverse courses of studies. The New York Times has listed the University of Wyoming as one of the nation's 10 best buys in colleges, and the Carnegie Foundation ranks it among the top 100 research universities in the United States. The state of Wyoming has established a generous scholarship program named the Hathaway Scholarship that rewards eligible Wyoming students with scholarship money to attend the University of Wyoming or a Wyoming community college. The program provides merit- and need-based awards to eligible students. We want to assure prospective businesses that we stand ready and willing to assist in any manner we possibly can. Just give us a call, toll-free ( ) at any time. Sincerely, Randy Bruns 9 of 10 Education Wyoming's commitment to education proffers one of the highest high school graduation rates in the United States. Laramie County Community College offers programs for associate's degrees, in addition to bachelor's and master's degrees offered by other higher education branches on campus. Page 3 of 3

13 10 of 10 Grubb & Ellis Wyoming Information Grubb & Ellis Wyoming (GEWYO) is the affiliate office of Grubb & Ellis Company that provides commercial real estate services in the state of Wyoming. We have offices in Cheyenne, Casper and Sheridan and have six licensed brokers / salespeople that perform work around the state. In the past few years, we have focused our efforts on development services including site selection, entitlement, facility planning and project management as well as traditional transaction services. Services Provided Transactions (lease and sale) Development Advisory (Management and Investment) Property Management Predominant Products We Promote Industrial and warehouse Office Retail Multi-Family Developed Land for all of the above We are a part of the Mountain Region Group of Grubb & Ellis and work closely with our offices in Denver, Boise, Bozeman and Colorado Springs. We perform numerous projects in Wyoming for other Grubb & Ellis offices as well as other major commercial real estate firms throughout the country. For information about Wyoming opportunities contact: Greg Thomas, Broker office cell greg.thomas@gewyo.com