A MISSION-CRITICAL INDUSTRIAL FACILITY SERVING AS ESAB S WORLD HEADQUARTERS OFFERING SUMMARY

A MISSION-CRITICAL INDUSTRIAL FACILITY SERVING AS ESAB S WORLD HEADQUARTERS OFFERING SUMMARY

INVESTMENT OVERVIEW HFF has been exclusively retained by the Owner to offer to qualified investors the opportunity to purchase the ESAB North American Center ( the Property ), a 100% occupied, 422,819 square foot, industrial facility located in the heart of the North Dallas suburb of Denton. ESAB has operated from this location for the past 50 years and recently renewed for 12 years with over 11 years of remaining lease term. The Property is positioned within the Denton industrial market, a preferred location for corporate users which benefits from major distribution and manufacturing facilities including Peterbilt, Target, ALDI, HD Supply, Winco, and Fastenal, among others. Corporate users are attracted to Denton s excellent access, diverse amenity base, well-educated labor pool, and abundant residential options. The Property is leased on an absolute net basis. COLFAX/ESAB Colfax Corporation (NYSE: CFX), the parent company of ESAB and guarantor on the lease, is a diversified global manufacturing and engineering company that provides gas- and fluid-handling and fabrication technology products and services to commercial and governmental customers around the world under the Howden, Colfax Fluid Handling and ESAB brands. ESAB produces equipment and filler metals for virtually every welding and cutting application, and provides products and services to industries on every continent including energy, machinery, construction, ship building, and transportation. ESAB is the largest filler metals supplier globally. PUBLIC/PRIVATE CREDIT RATING 2016 ANNUAL REVENUE PHASE I CFX (NYSE) S&P: BB+ $3.6 Billion PROPERTY OVERVIEW ADDRESS: 2800 Airport Road Denton, TX 75207 RENTABLE AREA: Phase I: 235,419 SF Phase II: 187,400 SF Total: 422,819 SF % LEASED 100% YEAR BUILT Phase I: 1970 Phase II: 2016 CLEAR HEIGHT Phase I: 18 Phase II: 44 OFFICE FINISH +/- 15% SITE AREA 30.08 acres LOADING DOORS 18 dock-high doors 1 Drive-In door PHASE II 2

SANGER LOCATION MAP AUBREY MUSTANG CELINA WESTON ANNA KRUGERVILLE 289 ROLAND MELISSA KRUM 35 DENTON 288 377 CROSS ROADS PROSPER Denton Municipal Airport 35E OAKPOINT LITTLE ELM PRINCETON 35W ARGYLE HICKORY CREEK HIGHLAND VILLAGE THE COLONY ALLEN Texas Motor Speedway HASLET ROANOKE TROPHY CLUB 35E 35W KELLER WESTLAKE SOUTHLAKE 635 635 BELT LINE ROAD COLLEYVILLE SAGINAW 635 820 HURST BEDFORD BELT LINE ROAD 35E 30 30 MESQUITE 3

AREA DRIVERS 15,000 STUDENTS 38,000 STUDENTS DOWNTOWN DENTON APOGEE STADIUM OAD AIRPORT R AREA DRIVERS INDUSTRIAL MARKET Accessible to over 1 million people within a 30 minute drive UNT is the 5th-largest university in Texas, (33rd largest in U.S.) Strategically situated at the heart of Denton s traffic and growth patterns TWU has a student population of over 15,000 From 2000 to ballooned 41% 2010, Denton s population Denton s population is anticipated to double by 2030 #3 fastest growing large county in America Denton s diversified economy is home to major employers including Peterbilt Motors, Sally Beauty Supply International, United Copper, Acme Brick, Jostens, and Farmer Brothers Major distribution facilities for Target, Wal-Mart, Safety-Kleen, and Miller Brewing are located in Denton 96.9% 15% OCCUPANCY RENT GROWTH SINCE 2013 1.2 MSF 22,780 SF of absorption since Q1 2016 under construction I-35 is the thoroughfare for NAFTA-related traffic 4

PROPERTY HIGHLIGHTS Denton Enterprise Airport Distribution Center AIRP ORT ROA D Distribution Center PROPERTY HIGHLIGHTS ESAB North American Center represents a unique opportunity to acquire 100% leased to Colfax/ESAB ($3.6 billion annual revenue) a mission-critical distribution and manufacturing center within one of the Credit tenancy (S&P: BB+) United States most vital industrial markets, Dallas/Fort Worth. The Property is 100% leased to Colfax/ESAB through August 2028 and provides investors the opportunity to acquire a strategic asset with stable cash flow at a discount to replacement cost. Mission-critical corporate headquarters for ESAB North America Stable income with remaining lease term of 11 years Long-standing historical tenancy as Colfax/ESAB has occupied the Property for 50 years Access to major highway infrastructure, including I-35E, I-35W, Hwy 380 Superior submarket fundamentals as Denton is 96.9% occupied with minimal new construction underway 5

WHY DALLAS/FORT WORTH? Unemployment rate of 4.0%, adding over 135,000 jobs in the last 12 months Over the five-year period ending in 2020, Dallas-Fort Worth is projected to grow population by 512,000 residents and add 361,045 new jobs (both ranking #1 in U.S.) ULI s Emerging Trends #2 Top Market to Watch in 2017 ACCESSIBILITY Central U.S. location featuring Dallas-Fort Worth International Airport & Dallas Love Field 58 INTERNATIONAL DESTINATIONS 149 DOMESTIC DESTINATIONS 207 NON-STOP DESTINATIONS One of the largest concentrations of corporate headquarters in the country and has recently attracted a notable list of expansions and relocations spanning several diverse industries 78.8M PASSENGERS PER YEAR Led the nation in office space absorption in 2015 (7.4 million SF) serviced approximately 64,177,618 passengers in 2015. serviced 14,497,498 passengers in 2015 and is home to Southwest Airlines Forbes recently ranked Texas #1 in Economic Climate out of all 50 states BUSINESS ENVIRONMENT #1 STATE FOR DOING BUSINESS 11 YEARS IN A ROW - CEO Magazine 2015 0% STATE & LOCAL INCOME TAX RATE 13.1 MILLION 4.0% UNEMPLOYMENT RATE W O R K E R S 528,000 Number of residents added to the region between 2010 and 2014 168 #1 in Economic Climate 7,858,820 Projected population of the region by 2020 2 LARGEST nd WORKFORCE IN AMERICA Companies ranked in the INC. 5000 fastest-growing private companies that call Dallas/Fort Worth home. 6

FINANCIAL OVERVIEW RENTABLE AREA: 422,819 SF PERCENT LEASED: 100% YEAR 1 NOI: $2,532,563 ADDITIONAL INFORMATION If you have any questions or require additional information, please contact the individuals below. 2323 Victory Avenue, Suite 1200 Dallas, TX 75219 Telephone: 214-265-0880 Facsimile: 214-265-9564 hfflp.com ADAM HERRIN Managing Director aherrin@hfflp.com 469.232.1922 STEPHEN BAILEY Associate Director sbailey@hfflp.com 469.232.1992 MARK WEST Senior Managing Director mwest@hfflp.com 469.232.1974 COLER YOAKAM Senior Managing Director cyoakam@hfflp.com 469.232.1982 STEVEN KIMOSH Analyst skimosh@hfflp.com 214.692.4703 MARKET LEASING EXPERT ALEX PAYNE Leasing Contact alex@axisrealty.biz 940.891.2947 HFF DEBT CONTACT BRANDON CHAVOYA Managing Director bchavoya@hfflp.com 469.232.1967 HFF has been engaged by the owner of the property [properties] to market it [them] for sale. Information concerning the property [properties] described herein has been obtained from sources other than HFF, and neither Owner nor HFF, nor their respective equity holders, officers, employees and agents makes any representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all reference 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 purchaser, and HFF, its partners, officers, employees and agents disclaim any liability that may be based upon or related to the information contained herein. Prospective purchasers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change.