PREMIER CLASS A PORTFOLIO

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1 CLASS A STABLILIZED OFFICE OPPORTUNITY EXECUTIVE SUMMARY PREMIER CLASS A PORTFOLIO 5 CAPITAL DRIVE, HARRISBURG, PA 245 GRANDVIEW AVENUE, CAMP HILL, PA CORPORATE CENTER 15, MECHANICSBURG, PA SZELES REAL ESTATE

2 EXCLUSIVE REPRESENTATION CBRE, Inc. is exclusively representing the seller in this transaction. OFFERING STRUCTURE The Portfolio is being offered on an All Cash basis to qualified purchasers, free and clear of any existing debt. A deadline to submit offers will be announced shortly. To schedule a Portfolio inspection or receive answers to questions, please contact the Marketing Team representatives listed on the inside cover. Please do not contact any tenants in the Portfolio. OFFER REQUIREMENTS All offers should include: Proposed purchase price Timing for inspection period and closing Amount of earnest money, including the amount that is non-refundable Source of funds for the acquisition Summary of closed transactions and references INVESTMENT CONTACTS To discuss the offering and schedule a property tour, please contact our Marketing Team: :: Stephen Marzullo Senior Vice President stephen.marzullo@cbre.com Licensed Salesperson: NJ, DE :: Lizann McGowan Senior Vice President lizann.mcgowan@cbre.com Licensed Salesperson: NJ :: Justin Marlowe Associate justin.marlowe@cbre.com Licensed Salesperson: NJ MARKET EXPERTS :: Jeremy Shyk First Vice President jeremy.shyk@cbre.com ::Michael J. Curran Senior Associate michael.curran@cbre.com DEBT & EQUITY FINANCE For acquisition financing, please contact our CBRE Debt & Equity Finance Team: :: James Gunning Executive Vice President james.gunning@cbre.com :: Donna Falzarano Vice President donna.falzarano@cbre.com :: CBRE, Inc Liberty Ridge Drive Suite 320 Wayne, PA T F Licensed Real Estate Broker 5 Capital Drive, Suite 201 Harrisburg, PA T F Licensed Real Estate Broker

3 01 EXECUTIVE SUMMARY Offering Overview Investment Profile Portfolio Overview Investment Highlights SZELES REAL ESTATE

4 PORTFOLIO AERIAL MAP 1 5 CAPITAL DRIVE 245 GRANDVIEW AVE 2 CORPORATE CENTER Executive Summary

5 OFFERING OVERVIEW CBRE, Inc. has been retained by ownership as the exclusive marketing advisor for the Premier Class A Portfolio ( Portfolio or Properties ), consisting of three of Harrisburg s most distinguished suburban office buildings. Featuring 95% occupancy, the Portfolio boasts a highly desired tenant roster with a combination of long term, A-rated, national credit tenants along with tenants that have an established presence in Central PA. Comprised of three Class A suburban office properties totaling 132,958 square feet, the Portfolio encompasses properties in the three most prominent and easily accessible suburban Harrisburg corporate destinations including Harrisburg, Camp Hill and Mechanicsburg. The Properties are located along or adjacent to interchanges of the PA Turnpike (I-76) and the major roadways running through Central PA including I-81, I-83 and Route 15. As some of the highest quality properties in the Harrisburg office market, two of the properties were built within the last five years and the third was completely renovated in The Portfolio features high end finishes including impressive lobbies, continuous window lines and energy efficient HVAC Systems. Given the proximity to major roadways, amenities and hospitals, the Portfolio has attracted and retained a highly soughtafter tenancy of A-rated corporations, national and medical tenants including McCormick Taylor, PMA Insurance, Holy Spirit Health System, State Auto Insurance and NASCO. The Premier Class A Portfolio presents a once in a lifetime opportunity to purchase three of the most desired office buildings in the Harrisburg market, free and clear of existing debt. This investment opportunity offers the rare combination of highly stabilized office buildings in prime locations with unmatched access and visibility, first-class construction and finishes and credit-oriented tenants supporting a secure and growing income stream. INVESTMENT PROFILE Property SF Year Built Occupancy NOI Cap Rate 5 Capital Drive Harrisburg, PA 245 Grandview Avenue Camp Hill, PA Corporate Center 15 Mechanicsburg, PA Asking Price 54, % $866, % $9,900,000 $182 21, % $330, % $3,775,000 $173 56, / 2011 $/SF 91% $584, % $6,420,000 $113 Total 132,958 95% $1,780, % $20,095,000 $151 Executive Summary 5

6 PORTFOLIO OVERVIEW 5 Capital Drive - The flagship office building in the suburban Harrisburg office market, 5 Capital is a 54,345 square foot, four-story Class A office building currently 97% occupied by some of the region s most prominent tenants. As the most desired address in Harrisburg, 5 Capital Drive is anchored by McCormick Taylor, who occupies 61% of the property through Built in 2009, the Property is the newest suburban office building in Harrisburg and features an energy efficient geothermal HVAC system, a striking lobby and common areas, continuous window lines and a fitness center. Situated to the north of downtown Harrisburg, the Property is ideally located just off of the North Progress Avenue exit on I-81, one of Central PA s major roadways, with immediate access to I Capital Drive is in the center of a brand new corporate office park surrounded by two recently built medical office buildings, one fully occupied by Holy Spirit Health System, and two hotels including the Marriot SpringHill Suites and Hampton Inn and Suites. Additional tenants at the Property include Holy Spirit Health System, CBRE Inc., Penske and FDIC. Corporate Center 15 - Corporate Center 15 is a 56,823 square foot two-story suburban office building situated in the Rossmoyne Business Center, the premier business park in Mechanicsburg, PA. Originally developed by Szeles and re-purchased at the end of 2010, ownership has completed significant capital improvements to the Property including upgraded common areas, installation of an energy management system and new hallway improvements to maximize multi-tenancy options. In the same time period, an aggressive leasing campaign helped Corporate Center 15 outperform the market by increasing occupancy from 68% to 91% in less than 18 months. Located at 4900 Ritter Road, the Property boasts a diversified tenant roster including State Auto Insurance, National Account Service Company, Konica Minolta and Versatile Systems, Inc. 245 Grandview Avenue - Built in 2008, 245 Grandview Avenue is a 21,814 square foot two story office building 100% occupied by A-rated PMA Insurance (Moody s A3) on a long-term basis. Developed as a build-to-suit for PMA, 245 Grandview Avenue is a Class A office building strategically located in Camp Hill, PA. Situated on 1.67 acres in a corporate office park environment, the Property features high end finishes including an impressive two-story glass atrium with tile floors and natural wood accent walls. 245 Grandview Avenue is the newest building in Camp Hill and is immediately accessible from I-83, I-76, and I-81. In 2010, PMA Insurance was acquired by Old Republic International and is now one of the nation s top 50 largest publically held insurance organizations. 6 Executive Summary

7 EXECUTIVE SUMMARY INVESTMENT HIGHLIGHTS Premier Central PA Properties - New ownership will have three of the highest quality, market leading, Class A buildings in Central PA s most desired submarkets. New Construction/Minimal Cap Ex - With all three properties built or renovated after 2008, new ownership can take advantage of minimal capital expenditures in the foreseeable future. Diverse and High Quality Tenant Base - The Portfolio is 95% leased to a cross-section of high quality, creditworthy tenants with a balanced lease expiration schedule. The tenant roster features noteworthy tenants with a longstanding history in the Harrisburg area including McCormick Taylor, PMA Insurance, State Auto Insurance, NASCO and Holy Spirit Hospital. Existing Leases at Market - With a majority of the leases executed in 2009 or later, rents of existing tenants are at current market rates. Exceptional Investment Value - The Portfolio provides the opportunity to acquire three premier Class A office buildings with a stabilized cash flow for well below replacement cost. Superior Highway Access - The Portfolio offers unparalleled access to the region s major interstate highways including I-76, I-83, I-81, Route 15. Excellent Surrounding Amenities - The Portfolio is comprised of assets that benefit from a Class A office park environment which provide above average parking ratios and numerous amenities, including fitness centers, restaurants, deli and other food services, nearby hotels, eateries, and abundant retail shopping. Institutional Quality Assets - The properties are in excellent condition and have benefited from the development and ownership from Szeles Real Estate Development, a multi-generational company that has a stellar reputation in the Central PA real estate community for its management and ownership practices. Strength of the Central PA Market - Based on the diversity of its government, finance, healthcare and industrial sectors, Central PA has continuously enjoyed a stable and estalished economy with some of the area s largest tenants captured in the Portfolio. Executive Summary 7

8 EXCLUSIVE MARKETING ADVISORS STEPHEN MARZULLO Senior Vice President DE Licensed Salesperson: NJ LIZANN McGOWAN Senior Vice President JUSTIN MARLOWE Associate Licensed Salesperson: NJ JEREMY SHYK First Vice President MICHAEL J. CURRAN Senior Associate CBRE, INC Liberty Ridge Drive Suite 320 Wayne, PA T: F: Licensed Real Estate Broker