Proposal to Provide Brokerage Services

Transcription

1 Proposal to Provide Brokerage ervices Acre ycamore Crossing ite Hercules, CA April 8, 2016

2 COTATI COMMON 11-Acres VACAVILLE GATEWAY 35-Acres EAT WAHINGTON PLACE 34-Acres Petaluma, CA FORMER WALMART ITE 17-Acres Hercules, CA JONE RANCH 26-Acres Concord, CA THE CORNER 1.5-Acres Walnut Creek, CA Comparable hopping Center land sales completed by John Cumbelich & Associates PLAZA DE AN JOE 19-Acres

3 Mr. David Biggs City Manager Ms. Holly myth Director of Planning RE: Proposal to Provide Brokerage ervices ycamore Crossing, Hercules, CA Dear Mr. Biggs and Ms. myth, Our firm is pleased to provide the following proposal in response to the City of Hercules desire to partner with a brokerage firm to assist in the disposition of the ycamore Crossing site. Through partnerships with the owners of retail development sites and several of the most capable buyer/developers, we have successfully consummated more sales of shopping center development sites in the Bay Area than any other firm. The majority of the properties we have sold are freeway proximate sites that range from ten to twenty acres highly comparable to the subject property. Examples of several of these transactions are detailed on the following pages. Notably, several of transactions we have completed involved sellers that were local Bay Area municipalities, Redevelopment Agencies or similar institutions. We have maintained close relationships with these organizations and multiple references are provided. More than simply consummating sales that achieved top dollar, we have consistently been able to identify buyers and complete transactions with developers who transformed their communities for the better. Evidence of this can be found at Plaza de an Jose, The Corners in Walnut Creek and East Washington Place in Petaluma, to name a few. We hope to be able to share some of these details in person. While we enjoy the strength of 35-partner offices throughout North America, our team is locally based here in the East Bay and our expertise in this market is unsurpassed. Thank you for your consideration. INCERELY, JOHN CUMBELICH & AOCIATE, INC. John L. Cumbelich Chief Executive Officer john@cumbelich.com CA BRE # N BROADWAY, UITE 200A WALNUT CREEK, CA (925) (925) FAX 2

4 TABLE OF CONTENT BROKER QUALIFICATION UBMIION REQUIREMENT ATTACHMENT REUME - JOHN CUMBELICH REUME - TIM EILER 3

5 BROKER QUALIFICATION 1. MUT BE LICENED AND IN GOOD TANDING WITH THE CALIFORNIA BUREAU OF REAL ETATE. Confirmed 2. HAVE A MINIMUM OF FIVE (5) YEAR OF EXPERIENCE WORKING IN THE ALE OF REAL PROPERTY. Our team members each bring approximately 30 years of experience to this opportunity. 3. MUT HAVE AN EXCELLENT REPUTATION IN THE REAL ETATE COMMUNITY. John Cumbelich has served as Chairman of the International Council of hopping Centers (ICC) Northern California conference on three occasions. Tim eiler is the recent past tate Director for ICC. 4. MUT BE KNOWLEDGEABLE IN PUBLIC REAL ETATE TRANACTION. John Cumbelich & Associates represented the City of Walnut Creek on both the successful disposition of a core land site in the downtown retail district, as well as on multiple leasing assignments. The firm successfully consummated a Home Depot sale on excess City of Concord property. The firm also consummated the 19-acre sale of a shopping center site for the an Jose Redevelopment Agency. 6. DEMONTRATE EXPERIENCE MARKETING COMMERCIAL AND MIXED-UE PROPERTIE FOR THEIR HIGHET AND BET UE. The firm s principals both have approximately 30 years of experience in sourcing buyers and tenants for several of the Bay Area s highest profile commercial and mixed-use properties. A partial list includes Downtown Pleasant Hill - 350,000 F Century Plaza, Pittsburg, CA - 500,000 F The Village, Walnut Creek, CA - 40,000 F Broadway Pointe, Walnut Creek, CA - 90,000 F Cochrane Commons, Morgan Hill, CA - 250,000 F Lafayette Mercantile, Lafayette, CA - 30,000 F 7. HAVE OR OBTAIN ANY AND ALL NECEARY INURANCE, INCLUDING LIABILITY INURANCE Confirmed 8. FAMILIARITY WITH CREATIVE RETAIL CONCEPT I PREFERRED. In addition to an extensive resume in the sourcing, development, leasing and sale of suburban shopping centers, the firm has successfully represented Lifestyle projects (e.g. Lafayette Mercantile, La Fiesta quare), Premium Retail projects (e.g. The Corners, Walnut Creek Tiffany & Co., Apple), Mixed Use projects (e.g. The Village, Walnut Creek California Pizza Kitchen, TD Ameritrade, Kona Grill). 5. HAVE AN ACTIVE CERTIFICATE/LICENE TO DO BUINE IN THE CITY OF HERCULE OR OBTAIN A CERTIFICATE/LICENE A A CONDITION OF THE LITING AGREEMENT. Pending 9. KNOWLEDGE OF REDEVELOPMENT DIOLUTION PROCE I PREFERRED BUT NOT REQUIRED. As stated above, the firm has successfully completed land sale transactions with redevelopment agencies in multiple Bay Area municipalities. 4

6 UBMIION REQUIREMENT The firm is the unrivaled leader in the sale of shopping center sites in the an Francisco Bay Area. 1. LIT OF YEAR IN BUINE AND PREVIOU NAME OF THE FIRM, IF ANY. 29 years in business. No previous names of the firm. 2. DECRIPTION OF YOUR FIRM, INCLUDING IZE OF FIRM, LOCATION, LEAD BROKER TO BE AIGNED TO PERFORM THE PROPOED ERVICE, INCLUDING A BRIEF REUME. John Cumbelich & Associates is a Walnut Creek based firm that specializes exclusively in retail-commercial real estate brokerage in Northern California. The firm is not a general commercial brokerage firm with office and industrial brokers, etc we specialize exclusively in the retail shopping center space, where we have become recognized experts. The firm has consummated several of the highest profile retail real estate transactions in Northern California over the past 15 years. The firm was established in 2000 by John Cumbelich, who at that time was the #1 ranked retail broker in Northern California for CBRE. Today, our boutique brokerage firm is one of the leading retail brokerage firms in the west and has five retail-only brokers supported by a Creative Director who handles all marketing materials, mapping, brochures and website media, and an Operations Director. John Cumbelich & Associates is a member of X Team International, a partnership of 35 retail-only brokerage firms throughout the U and Canada. Mr. Cumbelich is a founder of X Team International ( and the firm is the exclusive Northern California partner. We propose a team comprised of Mr. Cumbelich as lead broker, Mr. Tim eiler as associate broker and Ms. Liz Baker who would prepare all marketing and media for the assignment. (ee resumes in Attachments) 5

7 UBMIION REQUIREMENT 3. DECRIPTION OF EXPERIENCE (MINIMUM FIVE YEAR OF PREVIOU EXPERIENCE WITH PROVEN EFFECTIVENE) THAT YOUR FIRM OR ORGANIZATION HA IN PERTINENT REAL ETATE TRANACTION. The firm has an unmatched record of sourcing buyers for shopping center development sites in the Bay Area that are comparable to the subject property. A PARTIAL LIT OF UCCEFULLY CONUMMATED ALE INCLUDE: The firm has successfully represented municipalities, universities and private owners on the disposition of retail land sites throughout the Bay Area. The sale of the 26-acre Jones Ranch site in Concord, CA (Lowe s Home Improvement) The sale of the 11-acre Cotati Commons site in Cotati, CA (Proposed afeway) The sale of the 34-acre East Washington Place site in Petaluma, CA (Target, prouts) The sale of the 19-acre Plaza de an Jose site in an Jose, CA (Target, Walgreens, mart & Final) The sale of 1.5-acre site of The Corners in Walnut Creek, CA (Tiffany & Co., Apple) The sale of the 17-acre former WalMart site in Hercules, CA for Lewis Retail Centers The sale of the 35-acre Vacaville Gateway site in Vacaville, CA (In Escrow) A DETAILED DECRIPTION OF EACH PROJECT FOLLOW. 6

8 UBMIION REQUIREMENT ale of the 28-Acre Jones Ranch ite Concord, CA (Lowe s Home Improvement) The firm was engaged by Winton Jones Development, a legacy owner of a prominent 28-acre site in Concord, that wished to take advantage of market conditions and consummate a lease or sale of its under-utilized freeway visible commercial property. The firm secured the interest of Lowe s Home Improvement Warehouse and WalMart, signing long term leases with both. When WalMart encountered entitlement issues, the firm was able to revise the transaction into a sale of the entire development site to Lowe s. The transaction totaled $26,498,000. Reference: Erica tarky, Co-Owner, Winton Jones Development 7

9 UBMIION REQUIREMENT anta Rosa Rohnert Park Helman Ln Alder Ave ITE Redwood Rd (90,000 ADT) Cotati Gravenstein Hwy 22,000 ADT 37,500 ADT (102,00 ale of the 11-Acre Cotati Commons ite, Cotati, CA (Proposed afeway) When Terramar Centers dropped the purchase of this entitled freeway fronting development site, the firm immediately sourced a buyer, Zylstra Commercial. The buyer performed on a purchase of the property within 60 days of consummating the Purchase and ale Agreement. The transaction totaled $4,700,000. Reference: David Zylstra, President, Zylstra Commercial 8

10 T NEW PARKING / ACCE ( E ) O F F - R A M P 2 8 ' A I L E UBMIION REQUIREMENT (N) PYLON IGN (E) PEDETRIAN O V E R P A ( E ) O F F - R A M P T R E E T ( E ) O V E R P A ( N ) O N - R A M P 190 COMP. TOCK G.C. 8K 2 4 ' A I L E A K 28 ' A I L E P A R K I N G 581 COMP. M1 15K P A R K I N G 40 T K 5K K 9K T R E D W O O D M2 24K 421 COMP. M3 20K P A R K I N G 2 4 ' A I L E COMP. M4 2 8 ' A I L E 20K COMP. H I G H W A Y M5 18.3K COMP K NOTE: ALL TANDARD PARKING PACE MEAURE 9'X19' INCLUDING 2' OVERHANG, WITH TYPICAL 25' WIDE AILE IN FRONT OF BLDG. A1 ONLY AND 24' WIDE AILE OTHERW PARKING PROVIDED INCLUDE 20% COMPACT PACE MEAURING 8'X16'. (N) PYLON IGN (N) MONUMENT IGN EXITING COMMERCIAL E A T W A H I N G T O N 1/ O1 12K (E) POOL BLDG. (E) POOL (E) POOL BLDG. 2/O2 20K (E) POOL E X I T I N G P O O L F A C I L I T Y ( NOT A PART ) 3 (E) KATE PARK TO REMAIN J O H N D R I V E 4 8.3K 8.7K O N (N) MONUMENT IGN K E N I L W O R T H D R I V E ITE AREA I +/ AC 5 6K (N) MONUMENT IGN 8 6.7K (N) MONUMENT IGN E X I T I N G F A I R G R O U N D 190 M6 42K (N) POND (N) MONUMENT IGN COMP. 28 ( NOT A PART ) E X I T I N G B U F A C I L I T Y TO LINDBERG LANE ELLI TREET (N) MONUMENT IGN 0' 100' 200' CALE: 1" = 100'-0" ale of the 34-Acre East Washington Place ite, Petaluma, CA (Target, prouts) The firm represented Regency Centers in the acquisition of a 34-acre former Petaluma chool District site that had been earmarked for development by the City of Petaluma. The transaction totaled $21,500,000. Regency is a publicly traded REIT that expressed a desire to secure Bay Area freeway development opportunities, and asked for the firm s assistance in sourcing opportunities. The firm identified the subject freeway visible development site, negotiated the sale terms with both the chool District and City Manager, and secured the interest of Target and other key anchor tenants, in order to complete the sale. Reference: Tom Engberg, former VP of Development, Regency Centers 9

11 UBMIION REQUIREMENT ale of the 19-Acre Plaza de an Jose ite, an Jose, CA (Target, Walgreens, mart & Final) The subject site was a former abandoned shopping center owned by the City of an Jose Redevelopment Agency. Our firm identified the site as a retail development opportunity and engaged with the Agency about a sale. The firm then identified a highly qualified, well financed and reputable development firm, and represented them in submitting a RFP response. The buyer, Blake Hunt Ventures, secured the approval of the RDA, consummated the sale and developed a Target and Walgreens anchored center. The land sale transaction totaled $12,414,600. Reference: Brad Blake, former CEO, Blake Hunt Ventures 10

12 UBMIION REQUIREMENT ale of the 1.5-Acre ite of The Corners, Walnut Creek, CA (Tiffany & Co., Apple tore) The Corners is one of the premier retail projects in Northern California. John Cumbelich & Associates represented the seller in the disposition of the prior undeveloped site, and conducted a marketing campaign that secured multiple offers for this iconic site. The firm delivered a highly qualified developer/buyer, who, with the firm s assistance proceeded to design and develop one of Northern California s landmark retail developments, called The Corners. The project was 100% pre-leased by the firm to anchor tenants Tiffany & Co., Apple, Tommy Bahama, Pottery Barn Kids and Va Da Vi and has become a tremendous asset to the community. The land sale transaction totaled $4,850,000. Reference: Brian Hirahara, President, BH Development 11

13 UBMIION REQUIREMENT ITE 80 ale of the 17-Acre Former WalMart ite, Hercules, CA (for Lewis Retail Centers) The firm was engaged by Lewis Retail Centers, former owners of the 17-acre site that was later acquired by the City of Hercules. Our firm marketed the site for lease or sale, and WalMart made an aggressive offer to take on the entitlement risk via a land purchase. The firm consummated the sale for Lewis Retail Centers. Reference: Gary Bauer, Vice President, Lewis Retail Centers 12

14 Browns Valley Pkwy Nut Tree Rd UBMIION REQUIREMENT alley Pkwy Nut Tree Plaza 35,000 ADT E Monte Vista Ave ITE Grassland Dr Horsecreek Dr E Akerly Dr Lincoln Hwy 149,000 ADT harpe Rd Orange Dr Orange Dr Allison Dr Vacaville Auto Center Vacaville Commons hopping Center Power Plaza Vacaville Premium Outlets Leisure Town Rd UPERCENTER ale of the 35-Acre Vacaville Gateway ite, Vacaville, CA (In Escrow) In the post-recession recovery, our firm has been pro-active in seeking out development opportunities for our clientele of shopping center development firms. In the past 12 months, the firm consummated a purchase agreement between the owner of the subject site, and Browman Development Company, a Walnut Creek based firm that has successfully developed over fifty shopping centers throughout the west with anchor tenants such as afeway, Home Depot, Regal Cinema, Target and Kohl s. Phase 1 of the proposed 35-acre shopping center is presently going through an entitlement process with a likely close of escrow in 6-12 months. Reference: Daryl Browman, President, Browman Development Company 13

15 UBMIION REQUIREMENT 1500 WALNUT CREEK, WALNUT CREEK, CA Northern California s Best Retail Corner For ale in Downtown Walnut Creek Corner of N Main t & Mt Diablo Blvd N MAIN TREET RETORATION HARDWARE Conceptual elevation from pecific Plan ITE MT DIABLO BLVD 6,265 F parcel located on the hard corner of North Main treet and Mt Diablo Boulevard, Walnut Creek s most visible retail corner. 4. DECRIPTION OF EXPERIENCE IN AITING IMILAR IZE ENTITIE, INCLUDING ANY AND ALL ERVICE FOR GOVERNMENT AGENCIE. The firm was engaged by the City of Walnut Creek to represent them on the disposition of excess land in its downtown core (brochure above). We performed an intensive nationwide marketing campaign, leveraging our 35-partner offices in the U and Canada and secured REDWOOD HEIGHT several offers. The firm then represented the City 13 of Walnut Creek in an RFP process and the eventual 580 selection of a buyer who performed on the purchase. MacArthur Blvd LEON HEIGH The firm was also engaged by Mills College of California to represent them in securing a proven, institutional real estate developer for excess property on its Oakland campus. The firm attracted offers from institutions across the nation, helped to identify a developer, and consummated a long term ground lease at terms very favorable to the college, achieving their goal for a long term stream of income. The new development will include a grocery store, pharmacy, shops and approximately 200 residential units. High t Ave Foothill Blvd MAXWELL PARK ry Rd ITE eminary Ave MacArthur Blvd MILL MILL COLLEGE, OAKLAND, CA 14

16 UBMIION REQUIREMENT 5. DECRIPTION OF THE PLANNED METHOD OF IDENTIFYING TARGET UER GROUP AND A DECRIPTION OF THE MARKETING MATERIAL AND TRATEGY FOR PREENTING THE ITE TO THE MARKETPLACE. Our protocol in marketing for-sale development sites seeks to maximize the exposure of the asset via multiple channels of distribution. We would promote the offering through: a. ubmitting the Offering Memorandum directly to the targeted buyers (public and private REITs, local and westcoast regional real estate development firms, major retailers that self-develop, family offices, every owner of existing Bay Area regional retail centers, other individual owners). b. Marketing the property throughout the Northern California commercial real estate brokerage community. Our firm maintains a constantly updated list of over 650 active commercial real estate agents active in retail real estate. c. Posting the property on Loop Net, the multiple listing service for the commercial real estate industry. d. Posting the Offering Memorandum on our firm s web site. e. Distributing the property nationally via our North American network of 35-partner offices. f. Promote the opportunity at local, regional and national ICC shopping center conferences. In promoting the site, we would emphasize the subject property s numerous attributes, not the least of which is the dearth of mid to large sized retail development sites in core Bay Area markets. This feature alone will generate significant interest from users and developers of all product types, particularly in the retail and mixed-use arena. Additionally, freeway visibility and convenient freeway access both benefit the site, as well as the location occupying a strategic void for numerous retail anchor tenants, including afeway, CV Pharmacy, New easons Market, 365 (a moderately-priced division of Whole Foods Markets) and others. Targeted buyers would include: Institutional real estate investors/ developers (e.g. Donahue chriber, Weingarten Realty, DDR); Bay Area and west-coast regional development firms (e.g. Browman Development, and Hill Development, Dollinger Properties); and strong local firms that focus in the region (e.g. eeno, BHV Centertreet) and all other significant owners of high quality real estate assets in the area. 15

17 UBMIION REQUIREMENT We look forward to the opportunity to partner with the City of Hercules and share our team s decades of experience in the marketing and sale of shopping center sites in the Bay Area. YOUR TEAM LEAD BROKER John Cumbelich President & Chief Executive John will guide the marketing efforts of the team, assist with the development of the disposition strategy with the client and be available for negotiations with prospective buyers. AOCIATE BROKER U & INTERNATIONAL PARTNER John Cumbelich & Associates is a founding partner of X Team International, an alliance of retail real estate specialists with 35 North American offices located in major cities throughout the U.. and Canada, in addition to international offices in Europe and Asia. X Team partners offer extensive expertise in major markets worldwide, specializing in retailer, property and developer representation, portfolio dispositions and retail investments. Tim eiler Associate Broker Tim will participate in all phases of the strategy, marketing, prospecting, property tours, and negotiations. 16

18 UBMIION REQUIREMENT 6. LIT OF AT LEAE THREE REFERENCE FOR WHOM YOUR FIRM PROVIDED IMILAR ERVICE. ERICA JONE TARKEY Co-Owner Winton Jones Development Co. tel: Project: eller of the Jones Ranch project, Concord, CA ervices Time Period: RENEE JADUHLEVER Chief of taff Vice President for Communications and External Relations Mills College of California tel: Project: Client/owner for the development of excess land on Mills College campus ervices Time Period: Present KEN NORDHOFF City Manager City of Walnut Creek tel: nordhoff@walnut-creek.org Project: City official for the sale of the site of the 1500 Walnut Creek development ervices Time Period: BRAD BLAKE Managing Partner BVH Centertreet Properties, LLC tel: bblake@blakehunt.com Project: Developer of Plaza de an Jose, an Jose, CA ervices Time Period: LIT OF CURRENT LITIGATION, OUTTANDING JUDGMENT, AND LIEN, IF ANY. None. Nor have we ever been involved in a lawsuit. 17

19 UBMIION REQUIREMENT 8. FEE CHEDULE a. Provide a proposed commission rate: PROPOED FEE TRUCTURE: For transactions with no cooperating broker: 5% of the sales price. For transactions with a cooperating broker: 6% of the sales price. b. tate any other costs the City may anticipate relating to the real estate services to be provided. None 9. CONFLICT OF INTERET TATEMENT & UPPORTING DOCUMENTATION PROPOAL HALL DICLOE ANY PROFEIONAL OR PERONAL FINANCIAL INTERET, WHICH COULD BE A POIBLE OR PERCEIVED CONFLICT OF INTERET IN REPREENTING THE CITY. None. 18

20 ATTACHMENT REUME: JOHN CUMBELICH REUME: TIM EILER 19

21 John Cumbelich, Chief Executive Officer JOHN CUMBELICH & AOCIATE Over a distinguished 28+ year career, John Cumbelich has built one of the west s most respected retail brokerage companies, and the leading independent retail brokerage company in Northern California. Perhaps best known for his role in creating several of the landmark retail developments of the past generation, Mr. Cumbelich sourced The Corners in Walnut Creek (Tiffany, Apple, GAP), East Washington Place in Petaluma (34 acres, Target), Plaza an Jose (19 acres, Target), Jones Ranch in Concord (26 acres, Lowe s) and several other high profile projects. He has personal responsibility for several of the firm s key user and owner relationships, including Kroger Corp., port Chalet, BlackRock, Essex Property Trust and DDR. Mr. Cumbelich has an extensive resume both in the acquisition, leasing and sale of suburban shopping centers, and High treet leasing in the region s premier lifestyle markets. In addition to leading the firm, Mr. Cumbelich has chaired the ICC Northern California conference on multiple occasions. MAJOR PROJECT Mercer Walnut Creek (The Counter, tarbucks, Mike s Bikes) sold Walnut Creek (Vineyard Vines, Teleferic) leased Willow Pass (Hobby Lobby) sold 2014 The Village (TD Ameritrade, Kona Grill) leased 2013 WalMart (an Ramon), Kroger (Oakland) leased & sold 2012 Broadway Pointe (Pottery Barn, Williams onoma) leased 2011 Downtown Pleasant Hill sold 2010 DDR Mervyn s Portfolio leased 2009 Jones Ranch (Lowe s) sold Mt. Diablo Blvd (Vornado) sold 2007 Kroger Portfolio sold & leased 2005/2006 East Washington Place sold 2004 Plaza an Jose sold & leased 2004 The Corners (Tiffany & Co.) leased 2003 Delta Gateway (In-N-Out Burger, 7-11, Krispy Kreme) sold 2002 ELECT CLIENTELE Retailer The Kroger Co. port Chalet Dunkin Donuts Fremont Bank Lifeway tores kipolini s Pizza Owner BlackRock Browman Development Company DDR Essex Property Trust UB Realty Advisors EXPERIENCE 2000-Current Chief Executive Officer, John Cumbelich & Associates Mr. Cumbelich established the firm in 2000, and has overseen the growth of its personnel, profitability and clientele over the ensuing years. In addition to building the firm, Mr. Cumbelich is a founder of X Team International, a network of retail-only brokerage firms with partner offices throughout North America. His day to day involvement in the activities of all of the firm s clientele and the firm s extensive network of partner offices gives him daily contact with the trends and economic metrics that drive the national, regional and local marketplace Vice President, CB Richard Ellis Between 1988 and 2000 Mr. Cumbelich was employed by the world s largest real estate services firm where he rose to the office of Vice President and was recognized as a top producer. PROFEIONAL AFFILIATION Mr. Cumbelich is a member of the International Council of hopping Centers and has been Chairman of the Northern California Idea Exchange on three occasions. He is also a board member of X Team International. EDUCATION Mr. Cumbelich holds a Bachelor of Arts degree from the University of California at Berkeley N Broadway, uite 200A Walnut Creek, CA T x101 F john@cumbelich.com CA BRE LIC #

22 Tim eiler, Broker JOHN CUMBELICH & AOCIATE Mr. eiler joined the firm in His primary retailer clients include mart & Final Extra, El Pollo Loco, Dunkin Donuts and leep Train. Additionally, Mr. eiler represents UB on leasing for Downtown Pleasant Hill (350,000 F), and ierra Pacific Properties on leasing for Century Plaza (500,00 F). Over the course of his career, Mr. eiler has been directly involved in more than $650 million in investment and development projects and has negotiated hundreds of commercial leases between property owners and retailers. MAJOR PROJECT Downtown Pleasant Hill, Pleasant Hill, CA Cochrane Commons, Morgan Hill, CA ELECT CLIENTELE Retailer Dunkin Donuts El Pollo Loco an Francisco Giants Dugout tores leep Train mart & Final Extra Owner Browman Development Company Deerfield Realty Foothill Partners Kroger ierra Pacific Properties UB Realty Advisors EXPERIENCE Prior to joining the firm, Mr. eiler had a 20+ year career in the shopping center industry, including 10 years as a corporate Real Estate Director specializing in new store development for leading retailers including Kroger and Blockbuster. He also has extensive experience with both public and private shopping center investors and developers in the fields of development, leasing, acquisition and due diligence. PROFEIONAL AFFILIATION Mr. eiler has been an active volunteer on the International Council of hopping Centers Northern California Program Committee since 2000, chaired the Committee from , and served as the Northern California tate Director from EDUCATION Mr. eiler holds a Bachelor of Arts degree from the University of California, Irvine, a Master of Business Administration degree from the University of outhern California, and accreditation from the U Green Building Council as a LEED Accredited Professional (LEED AP ) N Broadway, uite 200A Walnut Creek, CA T x106 F tim@cumbelich.com CA BRE LIC #

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24 Proposal to Provide Brokerage ervices Acre ycamore Crossing ite Hercules, CA UBMITTED BY JOHN CUMBELICH & AOCIATE 1330 N. Broadway, uite 200A Walnut Creek, CA (fax) John Cumbelich ext. 101 CA-BRE Lic # Tim eiler ext. 106 CA BRE Lic #