CHARLESTON CRANE TRACKER. Monitoring Construction in Charleston s Industrial Market CONNECTING PEOPLE WITH PROPERTIES

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1 CHARLESTON CRANE TRACKER Monitoring Construction in Charleston s Industrial Market 960 Morrison Drive, Suite 00 Charleston, SC lee-charleston.com

2 What we have done for ourselves alone dies with us. What we have done for others and the world remains and is immortal. ~ Albert Pike SPECULATIVE CONSTRUCTION 08 0,000 SF & ABOVE Ladson Industrial Park LADSON & STONEY RD Ladson, SC 96 (N. Charleston County) Status: Proposed Delivers 09 RBA: 0,888 Expandable to 8,6 SF 0% Leased Land Area: 0.00 Acres 6. Lot Size Clarius Building OMNI INDUSTRIAL BLVD. Summerville, SC 98 (Berkeley County) Status: Completed /08 RBA: 8,0 SF 0% Leased Land Area:.68 Acres Asking Rate: $.6/NNN Silverman Group FTZ DROP OFF DRIVE Summerville, SC 98 (Berkeley County) Status: Under Construction Delivers /09 RBA: 6, SF 0% Leased Land Area: 6.00 Acres Asking Rate: $.6-$.9/NNN Camp Hall Building THREE POINT DR. Ridgeville, SC 9 (Berkeley County) /Warehouse Status: Proposed Delivers /09 RBA: 9,00 SF 0% Leased Land Area: Acres Morrison Drive, Suite 00 Charleston, SC lee-charleston.com PDC Portside Distribution Center Buildings & ONE BUSINESS PARK RD Summerville, SC 98 (Dorchester County) Status: Proposed Delivers 9/09 RBA: 89,8 SF Expandable to 00,000 SF 0% Leased Asking Rate: $.8/NNN Charleston Logistics Center 80 DROP OFF RD. Summerville, SC 98 (Berkeley County) Status: Completed 8/08 RBA:,0 SF 0% Leased Land Area: 66. Acres Asking Rate: $.0/NNN

3 SPECULATIVE CONSTRUCTION 08 0,000 SF & ABOVE 08 0,000 SF & ABOVE SPECULATIVE CONSTRUCTION 8 Weber Drive Palmetto Commerce Park 0 WEBER DRIVE Ladson, SC 96 (N.Charleston County) Crosspoint Building 6 9 CROSSPOINT DRIVE Ladson, SC 96 (N.Charleston County) Camp Hall Building THREE POINT DR. Ridgeville, SC 9 (Berkeley County) 0 PALMETTO COMMERCE PKY Ladson, SC 96 (N. Charleston County) Status: Completed /08 RBA:,000-96,00 SF 0% Leased Expandable Asking Rate: $./NNN Status: Completed /08 RBA:,000 SF.% Leased Land Area: 9.00 Acres Asking Rate: $./NNN /Warehouse Status: Under Construction Delivers 9/09 RBA:,60 SF 0% Leased Land Area: Acres Status: Under Construction Delivers 6/09 RBA: 96,0 SF 0% Leased Land Area: 8.0 Acres Asking Rate: $6.00/NNN Xebec Building PATRIOT BLVD. Ladson, SC 96 (N.Charleston County) Status: Under Construction Delivers /09 RBA: 6,080 SF 0% Leased Land Area: 9.00 Acres Asking Rate: $6.-$6.0/NNN Summerville Distribution Complex 0 DEMING WAY Summerville, SC 98 (Dorchester County) Status: Proposed Delivers /00 RBA:,000-0,000 SF 0% Leased Expandable Land Area:.6 Acres Asking Rate: $.8-$.0/NNN Palmetto Trade Center Phase PALMETTO COMMERCE PKY Ladson, SC 96 (N. Charleston County) Status: Under Construction Delivers /09 RBA:,00 SF 0% Leased Asking Rate: $.0/NNN Charleston Trade Center Building 80 TRADE CENTER PARKWAY Summerville, SC 98 (Dorchester County) Status: Proposed Delivers 6/09 RBA: 6,00 SF 0% Leased Asking Rate: $6.0/NNN 8 North Pointe Commerce Park - Site 0 NORTHPOINTE INDUSTRIAL BLVD. Hanahan, SC 90 (Berkeley County) Camp Hall Building THREE POINT DR. Ridgeville, SC 9 (Berkeley County) Eastport Commerce Center 0 PINNACLE WAY Ladson, SC 96 (Dorchester County) Samet Building 6 OMNI INDUSTRIAL BLVD. Summerville, SC 98 (Berkeley County) Status: Completed 0/08 RBA:,000 SF 0% Leased Asking Rate: $./NNN /Warehouse Status: Under Construction Delivers 9/09 RBA:,60 SF 0% Leased Land Area: Acres Status: Proposed Broke Ground /08 RBA: 8,000 SF 0% Leased Land Area:. Acres Asking Rate: $.0/NNN Building Type: Ind. Distribution & Manufacturing Status: Completed /08 RBA:,68 SF (+ 80,000 SF Expansion) 0% Leased Land Area:.00 Acres Asking Rate: $./NNN

4 SPECULATIVE CONSTRUCTION 08 0,000 SF & ABOVE BUILD TO SUIT 08 0,000 SF & ABOVE Port City Center, LLC LandMark Business Park Building 00 9 PALMETTO COMMERCE PKY Ladson, SC 96 (N. Charleston County) Status: Under Construction Delivers /09 RBA:,000 SF 0% Leased Land Area: 9.00 Acres BUILD TO SUIT 08 0,000 SF & ABOVE Port City Center Building JEDBURG DRIVE Jedburg, SC 98 (Dorchester County) Building Type: Heavy Industrial Status: Proposed Delivers 09 RBA: 0,000 SF 0% Leased Land Area: 6. Acres Asking Rate: $.0/NNN SAIC North Pointe Industrial Park Site 0 MAGI RD Hanahan, SC 90 (Berkeley County) Status: Completed RBA: ± 0,00 SF Land Area: 8.60 Acres FedEx Distribution Center 60 WEBER BLVD Ladson, SC 96 (Charleston County) Status: Completed /08 RBA: 6,8 SF Land Area: Acres Volvo Cars US Operations 0 RYFIELD LANE Ridgeville, SC 9 (Berkeley County) Status: Completed RBA:,00,000 SF Land Area:.8 Acres Sundaram-Clayton Manufacturing RIDGEVILLE INDUSTRIAL CAMPUS (Dorchester County) Status: Completed RBA: 660,000 SF Land Area: 0.00 Acres Mercedes Benz Sprinter Plant 80 PALMETTO COMMERCE PKWY. Ladson, SC 96 (Charleston County) Status: Completed RBA:,000,000 SF Land Area: 0. Acres SAIC North Pointe Industrial Park Site 0 MAGI RD Hanahan, SC 90 (Berkeley County) Status: Under Construction Delivers 09 RBA: + 0,000 SF SPEC MATRIX Average Property Size Average Asking Rate 6, SF $.8/NNN LARGEST ABSORPTIONS LARGEST SALE TRANSACTIONS Absolute Haitian MONCKS CORNER Goose Creek, SC 9 (Berkeley County) Status: Under Construction Delivers 09 RBA: 6,000 SF Property SF Leased Tenant Sign Date 6 Carolina Commerce Pky,000 Veterans Administration July US-8 9,00 CMMC August 08 0 Avenue D 69,9 Carver Companies July 08 0 Charleston Regional Pky 60,0 Kontane Logistics July 08 8 Deming Way,000 Ability Trimodal October N Rhett Ave,9 Tides Enterprises July 08 Property Size Sale Price Price/SF Sale Date 680 Weber Blvd 6,8 SF $,,96 $.80/SF August Arco Ln,6 SF $,60,000 $90.0/SF September 08 King Street Extension,00 SF $,60,000 $6.00/SF August 08 0 Meeting Street Rd,000 SF $6,06,000 $.69/SF August 08

5 INDUSTRIAL MARKET REPORT rd Quarter, 08 INDUSTRIAL MARKET REPORT rd Quarter, 08 Q 08 Industrial Standings by Submarket Q 08 INDUSTRIAL REPORT Market Indicators Q8 Q8 O C CUPANC Y Q8 ABSO RPTIO N Q8 RENTAL R AT E Q8 Q8 THIRD QUARTER SUMMARY Charleston s industrial market once again had another strong quarter as it becomes a more attractive destination due to continued growth. Vacancy rates saw a slight drop from.% in the second quarter to.% in the third quarter. Rental rates also experienced a slight decrease in the third quarter to $6.0 while having another quarter of positive absorption of,6,60 square feet. Six industrial buildings totaling,,0 square feet were delivered in the third quarter with,89,88 square feet still under construction. Total industrial inventory in the Charleston/ N. Charleston market caps out at 80,8, square feet at the end of the third quarter. Submarket Total Buildings Total SF Direct Vacant SF % Vacancy YTD Net Absorption (SF) YTD Deliveries (SF) # SF Under Construction Outlying Berkeley County 6,0,,, 0.%,00,809,96,0,09,968 $.8 Quoted Rates Charleston County 0 69, %, $.0 Dorchester County 0 8,0,9 8,09.%,99 0,8 0 $.6 Downtown Charleston 0 8, % 0, 0 0 $0.0 James Island/Folly Beach 8,0,00.%,00 0,00 0 $8. Mt. Pleasant 6,8,,80.% (,) 8,00 0 $.6 North Charleston,8,88,6,088,0.%,8,6,99,96 8,6 $6. West Ashley/Daniel Island 9 8,0,0,09.0% 9, 6,,089 $9.0 West Islands 8,690,880 0.% 8,00 9,0 0 $.8 Totals,88 80,8,,,.%,,,60,68,88,688 $ Q 08 Top 0 Industrial Sales Rank Address Size Price Price/SF Source: CoStar 680 Weber Blvd 6,8 $,,96 $ Arco Ln,6 $,00,000 $90. 0 Meeting St,000 $0,00,000 $.69 King St,00 $,60,000 $6.0 Meeting St 0,000 $,90,000 $.0 9 Commerce Circle,60 $,600,000 $0. Source: CoStar Q8 Q8 Q8 08 Charleston Economy Spotlight Q FAST FACTS Lee & Associates Charleston Industrial Team *Source: CoStar # Highway Growth Industry Forecasted 0-0: Aerospace OEM & Supplies (Source: CRCC) is up % since 0 (Source: CoStar) 80,8, SF Existing Inventory of Industrial Buildings (Source: CoStar) South Carolina Ranked # Top States for Doing Business (Source: Area Development Online) LEE CHARLESTON LISTING FEATURED Charleston Regional Parkway Charleston Regional Business Park SIZE: 0,000-90,000 SF AGENT: Milton Thomas, CCIM, SIOR Ryan Welch, SIOR Well-maintained concrete, 00% climate controlled, 0,000 SF Class A industrial facility comprised 8,00 SF manufacturing or production area. Facility situated on 6.8 acres and is expandable by up to 0,000 SF. VACANCY.% AVERAGE RENTAL RATE $6.0/NNN NET ABSORPTION,6,60 SF CONSTRUCTION DELIVERIES,,0 SF UNDER CONSTRUCTION,89,88 SF TOTAL INVENTORY 80,8, SF

6 SC PORTS AT A GLANCE Source: CRANE TRACKER LOCATION MAP ALL SPEC & BUILD TO SUIT PROPERTIES WHAT SETS US APART Port of Charleston is an owner-operated port Efficiency and concierge service set us apart Terminals in Charleston, SC Fastest transits on direct West Coast South American service THE CHARLESTON AREA At a Glance Inland ports in Greer and Dillon, SC 9th Largest US container port and fastest growing $ Billion in annual economic output Fastest transits on direct East Coast South American service The only direct service from South Africa in the U.S. 6 Ladson Industrial Park Clarius Building Silverman Group FTZ Camp Hall Building PDC Portside Distribution Center Charleston Logistics Center Crosspointe Building 6 Xebec Building Summerville Distribution Complex North Pointe Commerce Park Camp Hall Building Camp Hall Building Palmetto Trade Center Phase Charleston Trade Center Building Eastport Commerce Center Samet Building Landmark Business Park Building 00 Port City Centre Building 6 Volvo Cars US Operations Mercedes-Benz Sprinter Plant Sundaram-Clayton Manufacturing SAIC Site SAIC Site FedEx Distribution Center Weber Drive Palmetto Commerce Park 0 Palmetto Commerce Pky Absolute Haitian South Carolina ranked # Top States for Doing Business *Area Development 08 Charleston SC ranks th on America s Biggest Boomtowns list by MagnifyMoney *magnifymoney.com 08 Charleston SC voted # Small U.S. City by Condé Nast Traveler Readers *Condé Nast Traveler 08 0 Fastest Growing Mid-Sized Metro Economies of 0 *U.S. Census Bureau 08 Charleston ranked # city in the U.S. by Travel + Leisure *Travel + Leisure, JULY 08 Charleston named a Best Place to Start a Career by WalletHub *WalletHub SC ranked # best state in the U.S. to do business by Chief Executive *Chief Executive 08 Charleston metro ranks th in U.S. for Where the most educated millennials live *Brookings 08 Charleston ranked # City in America for Economic Opportunity *yelp 0 8 South Carolina ranked # Top States for Doing Business *Area Development 0 Charleston SC ranked the # Most Up-and- Coming City in America *Yelp 0 Charleston in top U.S. Next in Tech Cities *TechNet 0 Source: Charleston Regional Development Alliance

7 FOREIGN TRADE ZONES At a Glance FTZs U.S. Foreign-Trade Zones (FTZs) provide a secure and profitable platform to compete effectively in domestic and global markets. The FTZ program is available to all U.S. based importers/exporters and can be established at warehouses/distribution centers and manufacturing facilities. South Carolina FTZs are administered under the FTZ Board s Alternative Site Framework (ASF). SCPA is the administrator (grantee) for two Foreign-Trade Zones in South Carolina: FTZ along the coast and FTZ 8 in the Upstate. SCPA works closely with the Richland-Lexington Airport District-Columbia Metropolitan Airport, the administrator (grantee) for FTZ in the Midlands region. The ASF greatly expedites and streamlines the process required of all South Carolina importers to access the benefits provided by FTZ status. The ASF will lower costs and facilitate more rapid entry into the FTZ program for participating companies doing business in South Carolina, saving them considerable time and resources by eliminating much of the required application and subsequent approvals process. Warehousing and distribution companies can expect to receive FTZ designation in 0 days and manufacturing and production companies can expect to receive the designation in 0 days. Companies located in counties not included in the approved service areas are eligible to apply for FTZ status under a different framework as a subzone. U.S. FOREIGN-TRADE ZONE SITES IN SOUTH CAROLINA Greenville Spartanburg Cherokee Pickens York Oconee Union Chester Lancaster Chesterfield Marlboro FTZ Defined: Secure areas under the supervision of Department of Homeland Security Customs and Border Protection (CBP) that are considered outside of the territory of the United States for the purposes of duty and other fee payment. Foreign Trade Zone 8 Grantee: South Carolina Ports Authority Anderson Laurens Newberry Abbeville Greenwood Saluda McCormick Edgefield Aiken Fairfield Dillon Darlington Kershaw Lee Florence Marion Richland Lexington Sumter Calhoun Clarendon Williamsburg Horry Foreign Trade Zone Grantee: Colmbia Metropolitan Airport Foreign Trade Zone Grantee: South Carolina Ports Authority Subzone Status Available Grantee: South Carolina Ports Authority Orangeburg Berkeley Barnwell Bamberg Dorchester Allendale Colleton Hampton Charleston Jasper Georgetown Beaufort Source:

8 Meet Our Industrial Experts DAVID E. HOWARD PRESIDENT David E. Howard is the President of Lee & Associates Charleston, and founding principal of the Lee & Associates Tenant Advisory Group. Mr. Howard was on Lee & Associate s Corporate Board of Directors from 0-0. Mr. Howard s team specializes in strategic representation of industrial s users and owners of Industrial Real Estate. JON-MICHAEL BROCK ASSOCIATE Jon-Michael joined Lee s Industrial Brokerage Team in early 08, where his primary focus is the sales and leasing of single tenant and multi-tenant industrial properties. Long before coming to Lee & Associates, Jon-Michael focused primarily on the Industrial market locally here in Charleston. Jon-Michael has represented sales & leasing of both national/local landlords and tenants. DIR ± dhoward@lee-associates.com DIR ± mthomas@lee-associates.com DIR ± 8 86 rwelch@lee-associates.com DIR ± tbuist@lee-associates.com MILTON THOMAS, CCIM, SIOR MANAGING PRINCIPAL Milton is a twenty-nine year veteran of the commercial real estate industry here in Charleston, SC. He leads commercial site selection and build-to-suit projects with integrity and a high degree of expertise and accountability. He has earned a solid reputation in the industrial market by listening to his clients and guarding their interests. Milton gets to know his clients business, their market and their goals, and then he helps them make wise decisions. RYAN WELCH, SIOR PRINCIPAL Ryan has experience and expertise encompassing the management of a diversity of commercial real estate types including land and industrial properties. Ryan has extensive agriculture experience with land and timber tracks, sales of Industrial buildings for landlords throughout the state of South Carolina. THOMAS BUIST, SIOR BROKER Thomas specializes in sales and leasing of the industrial and warehousing inventory. He offers over 0 years of experience in industrial/commercial real estate as a state-licensed broker and is a past South Carolina licensed appraiser. Thomas is a native of Charleston, South Carolina, giving him an exception range of personal and business contacts to draw upon. Thomas also has expertise in ports, PL, bulk commodities, intermodal and land acquisition/assemblage. DIR ± jmbrock@lee-associates.com DIR ± lparker@lee-associates.com DIR ± 8 88 cnuttall@lee-associates.com LAUREN PARKER INDUSTRIAL BROKER SERVICES COORDINATOR As the Industrial Broker Services Coordinator, Lauren assists the industrial agents in all aspects of selling/leasing and buyer/tenant rep assignments. She performs in-depth market research, prepares important documentation, manages files, and coordinates the entire listing process from start to finish. Lauren also carries out various public relation s tasks and all aspects of marketing. CORI NUTTALL RESEARCHER As a researcher for Lee & Associates, Cori has extensive knowledge of market analytics, competitor data, and research tools. She maintains detailed records of owner, tenant, and investor data to strengthen the Lee network and reach within the market. She prepares market reports, conducts property studies and maintains pipeline and comp records. Her dedicated approach to market research and analyses equips the brokerage division of Lee & Associates with a competitive advantage within the marketplace. CLARKE ATTAWAY TRANSITIONAL RESEARCHER As transitional researcher, Clarke assists in the preparation of market research reports and comps data, maintains pipeline records, aids brokers in all capacities and actively participates in a rigorous training program. Clarke graduated from The University of Alabama with a marketing degree and a specialization in Commercial Real Estate. Prior to working at Lee & Associates, he worked for Marcus & Millichap in their Austin, Texas office where he focused on Single-Tenant Industrial properties. Clarke currently holds a Texas real estate license and is working DIR ± 8 88 towards obtaining his South Carolina license. cattaway@lee-associates.com 960 Morrison Drive, Suite 00 Charleston, SC lee-charleston.com 960 Morrison Drive, Suite 00 Charleston, SC lee-charleston.com

9 CHARLESTON CRANE TRACKER 960 Morrison Drive, Suite 00 Charleston, SC lee-charleston.com