NEW SUPPLY, ABSORPTION AND VACANCY RATES

SUBMARKET REPORTATLANTA

www.colliers.com/atlanta

MARKET INDICATORS

Q1 2011 | I-20W/FULTON INDUSTRIAL

I-20

West/

Fulton Ind

TRENDS & HIGHLIGHTS

(1,000,000)

(500,000)

0

500,000

1,000,000

1,500,000

1Q10 2Q10 3Q10 4Q10 1Q11

8%

10%

12%

14%

16%

18%

Absorption Deliveries Vacancy

Total SF 90,804,983

Vacancy Rate 15.4%

YTD Net Absorption (478,578)

YTD Deliveries 0

Under Construction 0

Avg. Warehouse Rate $2.98 NNN

UPDATE Recent Transactions in the Market

SALES ACTIVITY

PROPERTY ADDRESS SALE PRICE SIZE SF PRICE / SF BUYER

Thornton Rd. Distr. Ctr. $22,000,000 476,086 $46.21 Colony Realty Partners3710 Atlanta Ind. Pkwy. $12,500,000 446,664 $27.99 Industrial Income Trust1500,1575 Distribution Ct. $7,475,000 321,103 $23.28 KTR Capital Partners605 Selig Dr. $6,000,000 657,709 $9.12 M.F. DiScala & Co.

LEASING ACTIVITY

TENANT PROPERTY ADDRESS SIZE SF TYPE

Scott Distribution 4175 Boulder Ridge Dr. 142,352 Warehouse Lease

Invacare 4350-4360 Boulder Ridge 91,418 Warehouse Renewaol

VFU 5480 FIB/5800 Westpark 79,540 Warehouse Lease

Havell’s Lighting 125 A/B Villanova Dr. 74,727 Distribution Lease

• Following a previous quarter of strong absorption, the I-20 West/Fulton Industrial submarket fi nished the fi rst quarter of 2011 with the highest amount of space given back by tenants in Atlanta. Absorption in the submarket was (478,578) SF for the period. NIBCO, National Powersport Auction and Bonded Service were the largest move-outs in the quarter.

• The negative activity raised the overall vacancy rate in I-20 West/Fulton Industrial to 15.4%. This is equal to the rate from this time last year, meaning the current amount of vacant space in the submarket is the same as it was back in fi rst quarter 2010.

• Going forward, activity is expected to be balanced in the submarket. This does nothing for the space available in the submarket, though it at least shows some leasing activity occurring in the area.

Squa

re F

eet

Q1 2011Projected

Q2 2011

VACANCY —

NET ABSORPTION

CONSTRUCTION — —

RENTAL RATE — —

Source: CoStar Property, Colliers Research

UNITED STATES:

Colliers InternationalTwo Midtown Plaza | Suite 11001349 West Peachtree Street, NEAtlanta, Georgia, 30309TEL +1 404 888 9000FAX +1 404 870 2845

COLLIERS INTERNATIONAL

ATLANTA INDUSTRIAL SPECIALISTS:

480 offi ces in 61 countries on 6 continentsUnited States: 135Canada: 39Latin America: 17Asia Pacifi c: 194EMEA: 95

• $2 billion in annual revenue

• Over 2 billion square feet under management

• Over 15,000 professionals

This market report is a research document of Colliers International. Information herein has been deemed reliable and no representation is made as to the accuracy thereof. Colliers International-Atlanta, Inc., and certain of its subsidiaries, is an independently owned and operated business and a member fi rm of Colliers International Property Consultants, an affi liation of independent companies with over 480 offi ces throughout more than 61 countries worldwide.

www.colliers.com/atlanta

Accelerating success.Accelerating success.

COLLIERS INTERNATIONAL I-20 WEST/FULTON INDUSTRIAL LISTINGS

FOR LEASE

# PROPERTY SF AVAIL. BROKER(S)

1 120 Interstate West Pkwy. 14,400 Sean Boswell / Chris Cummings

2 4300 Westpark Dr. 216,074 Douglas Biggs / Lee Cardwell

3 780 Douglas Hill Rd. 107,000 Sean Boswell / Lee Cardwell

4 6255 Fulton Industrial Blvd. 120,960 Lee Cardwell / Douglas Biggs

5 6215 Fulton Industrial Blvd. 49,960 Scott Plomgren

6 5400 Fulton Industrial Blvd. 448,448 Scott Plomgren

7 6355 Boat Roack Blvd. 296,290 Scott Plomgren

8 5000 Westpark Dr. 32,784 Scott Plomgren

9 4530 Patton Dr. 168,000 Scott Plomgren

10 100 Doris Williams Industrial 90,000 Chirs Cummings / Sean Boswell

FOR SALE

# PROPERTY SF AVAIL. BROKER(S)

7 6355 Boat Roack Blvd. 296,290 Scott Plomgren

11 3376 Highway 5 14,725 Douglas Biggs / Price Weaver

12 4795 Fulton Industrial Blvd. 100,048 Sean Boswell / Chris Cummings

13 5020 Bakers Ferry Rd. 45,089 Scott Plomgren

HamiltonE. Holmes

Butner Rd

Campbellton Rd

Fulton In

dustrial B

lvd

Cascade Rd

Ben Hill RdFairb

urn

Rd Lakewood

Frwy

CampbelltonRd

Cam

p C

reek

Pkw

y

New Hope Rd

Melvin Dr

Chi

ldre

ss D

r

Panther Trail

Kim

berly

Rd

Danforth Rd

Riverside

Dr

Enon Rd

Fulton In

dustrial B

lvd

Boulder Park Dr

Benjamin E Mays Dr

S Gordon Rd

Old Alabama Rd

Mableton Pkwy

Pisgah RdOld Alabama Rd

Fontaine RdClay Rd

Jam

es R

d

Bankhead Hwy

Queen

s Mill

Rd

Bankhead

Oakdale Rd

Summerfield DrJam

es JacksonPkw

y

Hillcrest Dr

Bolto

n Rd

B

Hollyw

ood Rd

Cascade Rd

RiversidePkwy

Boat Rock Blvd

La G

rang

e B

lvd

Andrews Dr

MLK

Jr Dr

Rivers

ide

PkwyFac

toryShoals Rd

Douglas Hill Rd

White Rd

Six Flags Rd

Six Flags DriveBlair Bridge

Rd

S Gordon Rd

Six FlagsRd

Fairb

urn

Rd

Collier Dr

Bakers FerryRd

JohnsonFerry Rd

Peyt

on Rd

Northwest

Dr

Cooper L

ake

Rd

Rock House Rd

Greenbriar Pkwy

Cam

p Creek

Fai rb

urn

Rd

Pkwy

Hwy

GreenbriarMall

SouthwestHospital

Six FlagsOver Georgia

ATLANTACHRISTIANCOLLEGE

Fulton CountyAirport -Brown Field

CascadedecccadCaCa deaHeightsHe ghtstsHHeeHeHeH tsHee

Ben Hill

Chattah

oochee

River

CascadeSprgs NaturePreserve

SandtownPark

MelvinDrivePark

TrammellCrow Park

NickajackPark

WilsonMill Park

Alfred TopHolmes Golf

Course

WallacePark

Park

WhittierMill Park

FULTONCOUNTY

DOUGLASCOUNTY

1

2

3

45

6

Marty Arnold Elizabeth McSweeney

Douglas Biggs Scott Plomgren

Sean Boswell Henry Sawyer

Bill Buist Ryan Sawyer

Lee Cardwell Mike Spears

Chris Cummings Rick Vaughn

Ben Logue Price Weaver

7

8

9

10

11

12

13

MARKET REPORT | Q1 2011 | ATLANTA INDUSTRIAL | I-20W/FULTON INDUSTRIAL