Merritt TW Crossing Property Booklet

MERRITT TW CROSSING WALEXANDER D IVE & S. MIAMI BOULEVARD DURHAM, NC 27703 A 51-Acre Flex & Light Industrial Development Adjacent to Research Triangle Park

MERRITT TW CROSSING SITE PLAN

Building 1 1001 Hill Drive Building 2 3252 S. Miami Blvd Building 3 3260 S. Miami Blvd Building 4 1 TWAlexander Drive

106,100 SF 91,170 SF 38,320 SF 48,650 SF

MERRITT TW CROSSING | PAGE 2

PROPERTY HIGHLIGHTS

» 1 TWALEXANDER DRIVE, DURHAM, NC 27703

CREATING HOMES FOR BUSINESSES With 53 years of full-service commercial real estate experience, Merritt Properties owns and operates more than 16 million square feet of space across three states. We design, build, lease and manage our properties, and our portfolio includes flex/light industrial, office, bulk and retail product. Merritt’s founder, Leroy Merritt, often completed deals on a handshake, and that level of trust and respect continues at our company today. We’re committed to honest and fair business dealings that grow customer relationships into long-term partnerships.

» CLASS A FLEX & LIGHT INDUSTRIAL PARK

» 284,240 SQUARE FOOT PLANNED DEVELOPMENT

» LOCATED ON ±51 ACRES IN DURHAM COUNTY

» INDUSTRIAL LIGHT (IL) ZONING

» 38,320 - 106,100 SQUARE FOOT BUILDINGS

» 18’ - 24’ CLEAR HEIGHTS

» DOCK-HIGH & DRIVE-IN DOORS AVAILABLE

WHAT’S IT LIKE TOWORKWITH MERRITT?

» 1.8 - 2.9/1,000 SF PARKING RATIO

» MUNICIPAL UTILITIES CITY OF DURHAM

» CONVENIENT ACCESS TO I-40, I-540, US-70 AND NC-147

» EXPECTED DELIVERY Q4 2020

“It was always a positive experience with Merritt. In our entire experience with Merritt ‘no’ was not in their vocabulary. It was always ‘we can make that work’ or ‘we can find solutions to your needs’ and that sets Merritt apart.”

GEORGE CARACOST Vice President and General Manager Saab Defense and Security USA

MERRITT TW CROSSING

MERRITT TW CROSSING | PAGE 4

BUILDING 1 HIGHLIGHTS

710’

40’

BUILDING 1 106,100 SF

110’

300’

40’

180’

70’

410’

NORTH

BUILDING SIZE

TRUCK COURT

106,100 SF

±180 ft.

WAREHOUSE/OFFICE SF

LIGHTING & POWER

Per Tenant’s Specifications

Per Tenant’s Specifications

BUILDING DIMENSIONS

PARKING RATIO

710’ x 180’

1.8/1,000 SF

BAY SIZE

SPRINKLER SYSTEM

± 3,300 SF to ± 7,200 SF

Wet System

COLUMN SPACING

DOCK-HIGH DOORS

40’ x 40’ (typical)

Twenty-Two (22)

EXTERIOR CONSTRUCTION

DRIVE-IN DOORS

Concrete Tilt-Up

Ramped Drive-In Doors Available

CEILING HEIGHT

EXPECTED DELIVERY

24’ Clear

Q4 2021

MERRITT TW CROSSING | PAGE 5

BUILDING 2 HIGHLIGHTS

720’

30’

50’

BUILDING 2 91,170 SF

66’

30’

120’

786’

70’

NORTH

BUILDING SIZE

TRUCK COURT

91,170 SF

±150 ft.

WAREHOUSE/OFFICE SF

LIGHTING & POWER

Per Tenant’s Specifications

Per Tenant’s Specifications

BUILDING DIMENSIONS

PARKING RATIO

786” x 120’

1.9/1,000 SF

BAY SIZE

SPRINKLER SYSTEM

± 2,100 SF to ± 3,600 SF

Wet System

COLUMN SPACING

DOCK-HIGH DOORS

30 ft. x 30 ft. (typical)

Twenty-Six (26)

EXTERIOR CONSTRUCTION

DRIVE-IN DOORS

Brick Masonry

Ramped Drive-In Doors Available

CEILING HEIGHT

EXPECTED DELIVERY

18’ Clear

Q2 2021

MERRITT TW CROSSING | PAGE 6

BUILDING 3 HIGHLIGHTS

331’

30’

30’

BUILDING 3 38,320 SF

90’

52’

30’

473’

60’

NORTH

BUILDING SIZE

TRUCK COURT

38,320 SF

±150 ft.

WAREHOUSE/OFFICE SF

LIGHTING & POWER

Per Tenant’s Specifications

Per Tenant’s Specifications

BUILDING DIMENSIONS

PARKING RATIO

471’-8” X 90’

2.9/1,000 SF

BAY SIZE

SPRINKLER SYSTEM

± 1,800 SF to ± 2,700 SF

Wet System

COLUMN SPACING

DOCK-HIGH DOORS

30 ft. x 30 ft. (typical)

Sixteen (16)

EXTERIOR CONSTRUCTION

DRIVE-IN DOORS

Brick Masonry

Ramped Drive-In Doors Available

CEILING HEIGHT

EXPECTED DELIVERY

18’ Clear

Q1 2021

MERRITT TW CROSSING | PAGE 7

BUILDING 4 HIGHLIGHTS

3000 S Miami Blvd

512’

20’

64’

30’

BUILDING 4 48,650 SF

70’

30’

90’

70’

486’

20’

NORTH

BUILDING SIZE

TRUCK COURT

48,650 SF

±110 ft.

WAREHOUSE/OFFICE SF

LIGHTING & POWER

Per Tenant’s Specifications

Per Tenant’s Specifications

BUILDING DIMENSIONS

PARKING RATIO

576’ x 90’

2.1/1,000 SF

BAY SIZE

SPRINKLER SYSTEM

± 2,100 SF to ± 2,700 SF

Wet System

COLUMN SPACING

DOCK-HIGH DOORS

30 ft. x 30 ft. (typical)

Four (4)

EXTERIOR CONSTRUCTION

DRIVE-IN DOORS

Brick Masonry

Ramped Drive-In Doors Available

CEILING HEIGHT

EXPECTED DELIVERY

18’ Clear

Q4 2020

MERRITT TW CROSSING | PAGE 8

AREA AMENITIES

DOWNTOWN DURHAM

MERRITT TW CROSSING

BRIER CREEK SHOPPING CENTER 4 MILES | 9 MINUTES

70

T

W A

L E

X A N D E

R

R I V E

| 2 5 , 0 0 0 V P

D

D

147

540

RESEARCH TRIANGLE PARK

P D

0 V

RDU INT’L AIRPORT

IMPERIAL CENTER 4 MILES | 9 MINUTES

, 0 0

| 3 0

U L E V A R D

PAGE ROAD GRILL

B O

A M I

S . M I

40

540

NORTH

DOWNTOWN RALEIGH

MERRITT TW CROSSING | PAGE 9

PREMIER LOCATION & ACCESSIBILITY

LOCATION & ACCESS

Merritt TW Crossing is positioned in a premier location, just 3 miles from Research Triangle Park, 8 miles from downtown Durham and within 15 miles of three major North Carolina Universities.

DOWNTOWN DURHAM 8 MILES |11 MINUTES

WAKE FOREST 22 MILES | 33 MINUTES

INTERSTATES

MERRITT TW CROSSING

Interstate 40

3.5 Miles

40

Interstate 540

6.5 Miles

540

RDU INT’L AIRPORT 8 MILES |10 MINUTES

US Route 70

4.5 Miles

70

Interstate 440

15 Miles

440

RESEARCH TRIANGLE PARK 3 MILES | 6 MINUTES

AIRPORTS

Raleigh Durham International

8 Miles

Piedmont Triad International

74 Miles

DOWNTOWN RALEIGH 18 MILES | 25 MINUTES

CARY 12 MILES |16 MINUTES

Charlotte Douglas International

155 Miles

SEAPORTS

Wilmington, NC

153 Miles

Morehead City, NC

168 Miles

Norfolk, VA

192 Miles

FUTURE I-540 OUTER LOOP

Charleston, SC

297 Miles

MERRITT TW CROSSING | PAGE 10

TRIANGLE OVERVIEW ONE OF THE FASTEST GROWING MARKETS IN THE NATION Raleigh was ranked and projected to be the #2 Fastest Growing Large U.S. City from 2010 to 2023 by the United Nations Population Division. Additionally, Forbes ranked Raleigh the #3 Best Place for Business and Careers in October 2019. The population for the Raleigh-Durham metro area exhibited growth of over 60% between 2000 and 2016, according to the U.S. Census Bureau and American Community Survey. The 2019 median household income in Wake County stands at $79,970. Income levels are currently increasing at very aggressive rates, and the number of households represented by higher income levels is considerably higher than they were ten years ago and projected to be over $100,000 by 2023.

#2

TOP 100 BEST PLACES TO LIVE IN 2019 by Livability

#2

OVERALL REAL ESTATE MARKETS TOWATCH

IN THE U.S by PwC 2019

#4

MOST EDUCATED CITIES IN THE U.S. (RALEIGH, DURHAM & CHAPEL HILL) by Forbes 2018

MERRITT TW CROSSING

DURHAM

#10

IN OVERALL TECH TALENT, BEHIND MAJOR PLAYERS IN TECH SCENE LIKE SAN FRANCISCO, SEATTLE, NEW

YORK AND AUSTIN by CBRE Research 2019

RESEARCH TRIANGLE PARK

RESEARCH TRIANGLE PARK A KEY ECONOMIC DRIVER

The ResearchTriangle Park (“RTP” or the “Park”) is centrally located between the three major Triangle research universities: Duke University in Durham, UniversityofNorthCarolina inChapel Hill, andNorthCarolina StateUniversity in Raleigh. The Park, with 25million square feet of developed space, is one of the world’s largest and most successful research and development centers in terms of number of jobs created, capital investment and the prestige of companies located there. The Research Triangle Park Drives Raleigh-Durham’s thriving economy. It is projected that over the next fifteen years, employment will increase by 67%, total earnings by 48%, personal income by 46% and total retail sales by 41%.

MORRISVILLE

RALEIGH

CARY

APEX

MERRITT TW CROSSING | PAGE 11

MERRITT TW CROSSING

CONTACT US:

KEITH WALLACE Leasing Director +1 919 526 0070 kwallace@merrittproperties.com

ANN-STEWART PATTERSON, SIOR First Vice President +1 919 831 8207 ann-stewart.patterson@cbre-raleigh.com

AUSTIN NAGY Senior Associate +1 919 831 8197 austin.nagy@cbre-raleigh.com

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