Page 10 - Thomas Title - Market Overview April 2020
P. 10

MARKET SURVEY - SUBLEASE OPTIONS






                                           Building Name                         Floors
                                          Building Address                    Typical Floor                     Floor - Proposed SF                         Quoted Rental Rate              Parking Ratio                                     Comments
                                             Ownership                        Building Size


         1
                                           2525 McKinnon                                                                                                      $29.75/RSF NNN
                                          2525 McKinnon St                          8                                                                          (NNN: $17.66)                                                         Sublease Expiration: 1/31/2025
                                                                                 20,000                    Suite 600/650: 5,314 - 20,644 RSF                                                  3.0 : 1,000
                                                                                 111,742                                                                                                                                              Building Amenities: Banking
                                           City Office REIT                                                                                                    $47.41/RSF + E





         2
                                           Rosewood Court                                                                                                     $37.00/RSF NNN                                                         Sublease Expiration: 7/31/2029
                                        2101 Cedar Springs Rd                      19                                                                          (NNN: $20.16)                                                                Fully Furnished
                                                                                 30,137                         Suite 1250: 5,331 RSF                                                         3.0 : 1,000
                                                                                 405,560
                                             RPC Realty                                                                                                        $57.16/RSF + E                                 Building Amenities: Conferencing Facility, Dry Cleaner, Fitness Center, Restaurant




         3
                                                                                                                                                                                                                                     Sublease Expiration: 6/30/2025
                                      Park Place on Turtle Creek                   14                           Suite 400: 4,443 RSF                          $25.00/RSF NNN                                                              Furniture Negotiable
                                        2911 Turtle Creek Blvd                                                                                                 (NNN: $15.72)
                                                                                 14,800                         Suite 700: 14,637 RSF                                                         3.0 : 1,000
                                                                                 177,844                       Suite 1300: 10,278 RSF                                                                          Building Amenities: Banking, Conferencing Facility, Parks Pantry Micro Market,
                                     Piedmont Office Realty Trust                                                                                              $40.72/RSF + E
                                                                                                                                                                                                                                        Shower/Locker Facilities




         4
                                           Harwood No. 3                           11                                                                           $28.00/RSF                                                          Sublease Expiration: 10/31/2027
                                          2727 N Harwood St                                                     Suite 250: 4,667 RSF                           (NNN: $17.33)                                                              Furniture Negotiable
                                                                                 21,219                                                                                                       4.0 : 1,000
                                                                                 209,910                        Suite 350: 11,818 RSF
                                        Harwood International                                                                                                  $45.33/RSF + E                                             Building Amenities: Banking, Fitness Center, Restaurant




                                                                                                                                                                                                                                    (1) Sublease Expiration: 12/31/2028
         5                                                                                                                                                   (1) $29.50/RSF NNN                                             Furniture Negotiable; Expandable with contiguous
                                                                                                                                                               (NNN: $19.47)
                                      Harwood No. 7 Frost Tower                    22                   (1) Suite 1510: 4,873 RSF (Expandable)                 $48.97/RSF + E                                                    Suite 1550 (4,829 RSF) on a direct basis
                                          2950 N Harwood St
                                                                                 13,119                                                                                                       2.5 : 1,000                           (2) Sublease Expiration: 6/30/2029
                                                                                 167,735                                                                     (2) $34.00/RSF NNN
                                        Harwood International                                                                                                                                                                               Shell Condition
                                                                                                         (2) Suite 1600: 13,119 RSF (Divisible)                (NNN: $19.47)
                                                                                                                                                               $53.47/RSF + E
                                                                                                                                                                                                                          Building Amenities: Concierge, Dry Cleaner, Restaurant








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