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www.bernardon.com








               ARCHITECTURE
               INTERIOR DESIGN
               LANDSCAPE ARCHITECTURE


                   July  30, 2021
                   Via Email:  tward@equusdevelopment.com




                   Mr. Tad Ward
                   Equus Development, L.P.
                   3815 West Chester Pike
                   Newtown Square, PA 19073

                   Dear Tad:


                   Thank you for allowing Bernardon the opportunity to be considered for the design of a new warehouse to be located
                   at 104 Guilford College Road in Greensboro, North Carolina.

                   Bernardon has designed over 13 million square feet of industrial space, including warehouses, manufacturing
                   facilities, and distribution centers.  Our experienced team uses an innovative approach to help our clients navigate all
                   of the challenges of today’s industrial market and organize complex spaces that are safe, effective, and optimized for
                   our clients.  As the demand for shipping services continues to skyrocket – in part due to the ever-growing influence
                   of e-commerce and the impact of the coronavirus pandemic – the industrial market has seen major growth over
                   the past few years, especially for warehouses and distribution centers. As e-commerce continues to transform the
                   way we shop, the demand for larger distribution centers also continues to grow.  Not only are distribution centers
                   expanding in size, but their locations have shifted, too. To meet the demand of the delivery of consumer goods,
                   many warehouses have traditionally been placed closer to where people live. While warehouse distribution centers
                   continue to be developed closer to interstates to have easier access to roadways, they are also being developed closer
                   to dense population centers to enhance last-mile distribution services. Among the consistent development within
                   the industrial market, there is also the growing potential for the repositioning of existing industrial buildings.

                   These observations and our in depth understanding of the industrial market is derived from our extensive experience
                   and first-hand knowledge designing industrial buildings ranging in size from 100,000 SF to 1,800,000 SF.  We are
                   confident that our team can help Equus Development, L.P. continue to thrive in this market, and look forward to
                   the opportunity of sharing our knowledge and experience with you.

                   Respectfully,



                   Paul Andrew Sgroi, AIA, LEED AP | Principal       Kerry R. Haber, AIA, LEED AP | Principal
                   Bernardon                                         Bernardon
                   A Professional Corporation                        A Professional Corporation
                   t. 610 444-7873 | e. psgroi@bernardon.com         t. 610 444-7877 | e. ahberi@bernardon.com





               10 North High Street, Suite 310 | West Chester, Pennsylvania 19380              Philadelphia, Pennsylvania
               t. 610 444 2900 | f. 610 444 6525                                                  Wilmington, Delaware
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