P1259071210DmlZH

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Tom York
Vice President CB Richard Ellis - N.E.
Partners OFFICE OVERVIEW
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TOPICS

• Most submarkets tightening / Limited Class A
  Large Blocks
• Downtown Market Healthy/ Large CBD Tenants in
  Question
• New Development Update

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Greater Hartford Market Inventory
25,601,298 SF
14,622,199 SF
All Classes
Class A
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Greater Hartford Market Inventory
Square Feet
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Comparable Markets

• Greater Hartford - 25,601,928 SF

• Nashville, TN - 27,500,000 SF

• Charlotte, NC - 33,700,000 SF

• Albany, NY- 26,700,000 SF

• Indianapolis, IN- 30,000,000 SF

• Manhattan, NY- 355,000,000 SF

• Boston, MA- 177,100,000 SF

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Greater Hartford Class A Availability Trend
Availability
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Class A Absorption Trend
513,307
Square Feet
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Class A Availability By Submarket
Availability
YTD 2006
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Class A Absorption By Submarket
Square Feet
YTD 2006
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Office Employment Availability Rate Trends
Greater Hartford
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Downtown Hartford Market Class A Rental Rates
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Hartford Leases - 100,000 SF2007-2010
Expirations
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Representative Lease Transactions City of
Hartford
One Financial Plaza
State House Square
210,000 SF10 Years
96,400 SF 10 Years
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Representative Lease Transactions City of Hartford
242 Trumbull Street
Day Pitney LLP
85,000 SF15 Years
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Representative Lease Transactions North Market

425 Day Hill RoadWindsor
100 Northfield DriveWindsor
25,000 SF5 Years
11,000 SF5 Years
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Representative Lease Transactions South Market
500 Enterprise DriveRocky Hill
40 Cold Spring RoadRocky Hill
21,000 SF2 Years
10,000 SF5 Years
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Representative Lease TransactionsEast Market
300 Winding Brook DriveGlastonbury
111 Founders PlazaEast Hartford
16,000 SF5 Years
15,000 SF5 Years
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Representative Lease TransactionsWest Market
30 Batterson Park RoadFarmington
270 Farmington AveFarmington
26,500 SF7 Years
12,000 SF5 Years
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Class A Sales 2006 Year To Date
Total SF 1,689,000 SF
Total Value 189 Million
Average Price 112 PSF
PSF Range 81-178 PSF
Cap Rates 6.5-9.0
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Cap Rate Trends
11.3
9.5
8.0
7.8
6.0
3.7
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4,6,8 Griffin Road North 1-2 Waterside Crossing
Windsor, Connecticut

• Seller Crown Griffin LLC
• Buyer Vision Equities
• Total SF 375,000
• Price 30,250,000
• 81/square foot

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628 Hebron Avenue Glastonbury Corporate Center,
Connecticut

• Seller Lincoln Properties
• Buyer Grunberg Realty
• Total SF 153,810
• Price 19,650,000
• 127/square foot

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1000 Stanley Drive New Britain, Connecticut

• Seller Stanley Works
• Buyer U.S. Realty Advisors
• Total SF 130,000
• Price 23,000,000
• 177/square foot

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99 Founders Plaza East Hartford, Connecticut

• Seller Merchant 99-111 Founders, LLC
• Buyer East Hartford Founders, LLC
• Total SF 130,000
• Price 20,000,000
• 135/square foot

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20 Church Street Hartford, Connecticut

• Seller Morgan Reed
• Buyer The Hampshire Companies
• Total SF 408,000
• Price 19,500,000
• 52/square foot

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Development Update West Hartford
Retail Space Medical Office/Healthtrax
Professional Office, The Lexicon 62 Luxury
Condominiums 48 Apartments (Proposed)
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New Development Update Windsor
Day Hill Corporate Center 475,000 SF4th Quarter
2007 Occupancy
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New Development Update Rocky Hill
Corporate Ridge 60,000 SF4th Quarter 2007
Occupancy
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CONCLUSIONS