NEW SUPPLY, ABSORPTION AND VACANCY RATES

SUBMARKET REPORTATLANTA

www.colliers.com/atlanta

MARKET INDICATORS

Q22010

NEXTQTR

VACANCY

NET ABSORPTION

CONSTRUCTION — —

RENTAL RATE

Q2 2010 | I-20W/FULTON INDUSTRIAL

I-20

West/

Fulton Ind

TRENDS & HIGHLIGHTS

(700,000)(600,000)(500,000)(400,000)(300,000)(200,000)(100,000)

0100,000200,000

2Q09 3Q09 4Q09 1Q10 2Q10

8%

10%

12%

14%

16%

18%

Absorption Deliveries Vacancy

Total SF 90,418,950

Vacancy Rate 15.9%

YTD Net Absorption (325,992)

YTD Deliveries 0

Under Construction 0

Avg. Warehouse Rate $2.84Source: CoStar Property

UPDATE Recent Transactions in the Market

SALES ACTIVITY

PROPERTY ADDRESS SALE PRICE SIZE SF PRICE / SF BUYER

555 Hartman Rd. $10,800,000 261,799 $41.25 AEW Capital Mgmt.875 Maxham Rd.-Bldg. B4 $8,750,000 247,000 $35.43 IDI3735 Atlanta Ind. Pky. $2,500,000 92,000 $27.17 Wamar Technologies5850 Tulane Dr. $2,100,000 101,419 $20.71 McCormick & Co.

LEASING ACTIVITY

TENANT PROPERTY ADDRESS SIZE SF TYPE

APL Logistics Douglas Hill Bus. Ctr.-3 295,768 Warehouse Ren. & Contraction

Velocity Express 615 Stonehill Dr. 185,000 Warehouse Renewal

Madras Packaging 6220 Duquesne Dr. 180,000 Warehouse Renewal

Liberty Furniture 6195 Purdue Dr. 152,254 Distribution Renewal

• I-20 West/Fulton Industrial has been hardest hit by the economic slowdown. For the fi fth consecutive quarter, the submarket’s total occupancy decreased. Second quarter absorption was negative (222,199) SF.

• Over the past year and a half, I-20 West/Fulton Industrial’s vacancy rate has risen 1.9%, roughly amounting to 1.7 million square feet of vacant space added during this time.

• The outlook for I-20 West/Fulton Industrial remains bleak. The bulk of the activity occurring is mostly in the form of renewals. New leasing activity in the submarket is lackluster at best.

• The outer reaches of the submarket are likely to recover quicker than the more functionally obsolescent areas closer to the city. Many of the requirements in the market are looking for new and up-to-date industrial space in the form of build-to-suits.

UNITED STATES:

Colliers International1349 West Peachtree StreetSuite 1100Atlanta, 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.

Marty Arnold Ben Logue

Douglas Biggs Elizabeth McSweeney

Sean Boswell Henry Sawyer

Bill Buist Ryan Sawyer

Lee Cardwell Mike Spears

Chris Cummings Rick Vaughn

Chris Irby Price Weaver

COLLIERS INTERNATIONAL I-20 WEST/FULTON INDUSTRIAL LISTINGS

FOR LEASE

# PROPERTY SF AVAIL. BROKER(S)

1 6355 Boatrock Blvd. 296,260 Sean Boswell

2 120 Interstate West Pkwy. 14,400 Sean Boswell / Chris Cummings

3 4300 Westpark Dr. 216,074 Douglas Biggs / Lee Cardwell

4 4040 Shirley Dr. 10,000 Lee Cardwell / Chris Cummings

5 6255 Fulton Industrial Blvd. 120,960 Lee Cardwell / Douglas Biggs

FOR SALE

# PROPERTY SF AVAIL. BROKER(S)

1 6355 Boatrock Blvd. 296,260 Sean Boswell

4 4040 Shirley Dr. 10,000 Lee Cardwell / Chris Cummings

6 3376 Highway 5 14,725 Douglas Biggs / Price Weaver

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

4

5

6

MARKET REPORT | Q2 2010 | ATLANTA INDUSTRIAL | I-20W/FULTON INDUSTRIAL