KEY PROPERTY STATISTICS

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2 Executive Holliday Fenoglio Fowler, L.P. ( HFF ) has been retained on an exclusive basis to arrange the sale KEY PROPERTY STATISTICS of a 100% fee simple interest in the global headquarters of the retail clothing stores Lane Bryant STREET ADDRESS and Catherines Morse Crossing (the Property ) is situated in the premier, 1,300 acre master- CITY, STATE Columbus, OH planned, Live, Work, Play community of Easton in Columbus, Ohio. The Property is comprised of a YEAR BUILT 2005 LAND AREA acres three-story Class A office building totaling 135,485 RSF. It has been 100% leased by Lane Bryant since construction completion in December Lane Bryant just recently extended their lease through May 2027, and will be joined by sister company, Catherines, which is relocating their headquarters to the Property Morse Crossing RENTABLE SQUARE FOOTAGE 135,485 3 NUMBER OF STORIES FINISHED CEILING HEIGHT 1st Floor: nd & 3rd Floors: 9-0 SLAB-TO-SLAB HEIGHT 1st Floor: 14'-0" 2nd & 3rd Floors: 13-4 The Lane Bryant lease is guaranteed by their parent company Ascena Retail Group, a leading national % LEASED specialty retailer of apparel for women and tween girls. Ascena Retail Group had annual revenue of PARKING approximately $6.7 billion for the fiscal year which ended July 29, Summary TENANT GUARANTOR 100% 477 spaces (1 space per 284 square feet) Lane Bryant, Inc. Ascena Retail Group, Inc.

3 Investment Highlights Core, Fixed-Income Investment Long-Term, NNN Lease This investment opportunity offers exceptionally strong cash flow based on the long-term net lease structure and the tenant profile. Lane Bryant has leased the entire Property on a triple-net basis for a 10-year term through May 2027 with renewal options through May Furthermore, the lease ensures net operating income growth through 2% annual rent escalations. Current comparable leases in the Easton market are in the $ $15.00 NNN per RSF range. Lane Bryant is leased at $12.00 per RSF. This is 20% below the average market rental rates and thus there is substantial potential rent upside upon the expiration of Lane Bryant s lease term TENANT GUARANTOR INIITAL LEASE TERM LEASE SUMMARY Lane Bryant, Inc. Ascena Retail Group, Inc. 10 years INITIAL LEASE COMMENCEMENT 1/16/2006 FIRST EXTENSION COMMENCEMENT 1/1/2010 SECOND EXTENSION COMMENCEMENT 7/1/2017 EXPIRATION 5/31/2027 SECOND EXTENSION YEAR 1 BASE RENT $12.00 ANNUAL RENT STEPS 2.00% LEASE TYPE Triple-Net RENEWAL OPTIONS Two, 5-Year Renewal Options NEW JOBS relocating from Philadelphia 62 Invested Tenancy Lane Bryant has located its headquarters in 3344 Morse Crossing 270 since construction completion in Parent company, Ascena Retail Group, recently announced it would be relocating an HEADQUARTERS additional subsidiary, Catherines, from Philadelphia to the 42 Property as well. In addition to the Lane Bryant and Catherines headquarters, Ascena Group, maintains a 168,000 square foot 40 COLUMBUS CBD 70 CORPORATE OFFICE & DISTRIBUTION CENTER corporate office, a 695,000 square foot distribution center, and the 280,000 square foot headquarters for Justice in the Columbus, OH MSA. The large Columbus footprint and decision 270 to add the Catherines headquarters reaffirms Ascena Group s investment in and commitment to the Property

4 Superior Location Easton, Columbus The Property s incomparable location, situated only five miles from the John Glenn Columbus International Airport and fifteen miles from downtown Columbus, is located within Easton, one of the premier, master-planned vibrant mixed-use developments in the country. Encompassing 1,300 acres, Easton was master planned and developed by The Georgetown Company in a joint venture with L Brands, Inc. Over $1.5 billion in private and public investment at Easton has resulted in more than 9 million RSF of retail, office, residential and hotel space Morse Crossing occupies a prime location only steps from the award winning, nationally renowned Easton Town Center, a 1.8 million RSF lifestyle center featuring exceptional retail, dining and entertainment venues as well as the recently completed 650,000 RSF Easton Gateway that includes Costco, Whole Foods, Saks Off 5th, REI, Dick s Sporting Goods and J. Alexanders, among many others. The allure of Easton s unparalleled shopping, dining, hotel and entertainment venues ensures continued demand for office space within the Easton submarket. The Easton office market, a 4.0 million RSF submarket, currently enjoys a low vacancy rate of 9.1% and commands the highest rents within the Metro- Columbus market due to the amenities and ability to attract and retain top talent. Coordinated services such as internal transportation and security further augment the amenities available to employees in the Property. Easton s two distinct highway interchanges offer immediate ingress and egress to Interstate 270, which borders Easton directly to the East and allows for remarkable accessibility to greater Columbus. EASTON QUICK FACTS Over 25 million visitors annually Over 240 retail stores 30,000 people working in the immediate trade area Over 1,500 residential units, including apartments and townhomes 3 hotels with over 560 hotel rooms Over 160,000 vehicles travel daily on I-270 4

5 EASTON MAP 270 Additional Notable Retail Tenancy Morse Road EASTON Gateway Sunbury Road EASTON Market Stelzer Road Easton Way EASTON Way Offices 270 EASTON COMMONS Residences Easton commons Office EASTON Oval Morse Crossing VICTORIA S SECRET Easton Square Place 5

6 Premier Single-Tenant Market The Easton office market is dominated by single tenant Class A office properties that command significant rent premiums over the rest of the Columbus market. High-quality tenants continue to demonstrate the desire to pay premium rents in order to occupy space in this submarket, which will mitigate any perceived rollover risk. Other single occupancy tenants in the market include: L Brands, Vision Services, Huntington National Bank, Abbott Labs, J.P. Morgan Chase, Morgan Stanley, M/I Homes and Alliance Data Systems. Fashion Hub The Columbus Region has a major influence on the worldwide fashion industry, with some of the world s biggest retail brand headquarters and a burgeoning creative class behind one-of-a-kind designs. The region employs more fashion designers than any U.S. metro area outside of New York City and Los Angeles. No. 1 among large US metros for concentration of apparel headquarters Part of an innovative retail ecosystem that includes some of the world s foremost brands, consumer research companies, store design firms, and branding and creative agencies Greater access to the U.S. population than any other major metro 45 percent within a 10-hour drive COMPANY NOTABLE FASHION & APPAREL EMPLOYERS FTE IN COLUMBUS L BRANDS INC. 7,800 ABERCROMBIE & FITCH 2,200 GAP, INC. 2,200 ZULILY 1,710 ASCENA RETAIL GROUP, INC. 1,525 EDDIE BAUER FULFILLMENT SERVICES 900 EXPRESS, INC. 757 DSW INC. 726 STELLA & DOT 130 RG BARRY CORPORATION 80 ELOQUII DESIGN, INC. 46 HOMAGE 45 Source: Columbus 2020 LABOR COSTS FOR FASHION & APPAREL RELATED OCCUPATIONS METRO AREA JOBS AVG. HOURLY RATE COLUMBUS 37,518 $39.48 MIAMI 80,152 $41.71 NASHVILLE 33,417 $41.99 SEATTLE 84,637 $43.76 CHICAGO 192,505 $45.20 LOS ANGELES 278,931 $46.62 ATLANTA 120,324 $46.63 DALLAS 118,477 $49.04 SAN FRANCISCO 112,347 $53.51 NEW YORK 353,283 $56.46 Source: Columbus

7 Executive Summary EASTON TOWN C E NTE R Major Metropolitan Area Young Population Quality of Life The City of Columbus, capital of the State of Ohio, Over 138,000 university students, including 57,000 Columbus low cost of living, young population, is the largest city in the state and the 14th largest in at The Ohio State University, provide a strong and impressive arts scene will continue to draw the nation, incorporating a population of 835,000 engine of growth for an educated, young workforce employers and employees alike to the area. within its limits and 2.1 million in the MSA. The city that many companies find very attractive. Columbus Columbus also boasts the most park space per was named by Yahoo Finance as the fourth best city is one of the few cities in the northeast quadrant capita of any U.S. city, has one of the nation s premier in the nation for jobs and housing, and was ranked of the U.S. that has consistently grown and, with a zoos, and as the hometown of Jack Nicklaus, offers top in Forbes list of up and coming high-tech cities. median age of 35.7 years, Columbus is two years a better selection of golf courses than most major Greater Columbus is home to numerous Fortune younger than the national average. metropolitan areas in the country. 500 companies, including L Brands, Cardinal Health, American Electric Power, and Nationwide Insurance. 7

8 Investment Contacts Jeffrey M. Bramson Senior Managing Director Managing Broker Jaime M. Fink Senior Managing Director John Merrill Senior Managing Director Bryan D. Rosenberg Director Patrick M. Shields Director Andrew M. Juiris Analyst Debt Contact Jason A. Bond Senior Director Ohio Contact Christine Riniti HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 24 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment advisory, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter at twitter.com/hff. HFF has been engaged by the owner of the property to market it for sale. Information concerning the property described herein has been obtained from sources HFF Chicago 150 North Riverside Suite 2500 Chicago, IL Telephone: Fax: other than HFF and we make no representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all references to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a buyer. Buyers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change.