Market Survey Palm Beach / West Palm Beach

PHILLIPS POINT (EAST & WEST) 777 S FLAGLER DR

PROPERTY INFORMATION Building Type : Class A Year Built: 1985 Renovated Rentable Building Area: 300,000 SF Stories: 20 Submarket: West Palm Beach Ownership: AEWCapital Management under contract with Steven Ross of Related Percent Leased: 96.9%

6

SPACE OVERVIEW

Direct

Sublease

$53.00 NNN $24.25 $77.25

Quoted Rental Rate: 2020 Opex: Total:

$43.00 NNN

with $65.00 - $75.00 work letter

SPACE AVAILABLE 12th Floor (West Tower)

2,935 SF

11th & 12th Floor (East Tower)

±7,000 - 20,476 SF ( sublease)

Full Floor sublease opportunity. Sub-landlord will divide for ±7,000 SF for the full term of the sublease. Space is in shell condition.

NOTES • Class A office development located in the heart of downtown West Palm Beach, Florida. • Sublease space is currently leased by Affiliated Managers Group (AMG) • The entire floor is in shell condition and needs full build out. • Space would offer direct East views.

TENANTS

• • • • •

Akerman

• • • •

Morgan Stanley

AllianceBernstein

Citi Group

Northern Trust Value Investors

Goldam Sachs

Fox Rothschild Holland & Knight

AMG