Sublease & Disposition Proposal for Vyaire

SUBLEASE & DISPOSITION

PROPOSAL

PREPARED FOR

TOC

On behalf of our Cushman & Wakefield Team, we sincerely appreciate the opportunity to present this proposal to Vyaire Medical & Apax Partners to handle the sublease/disposition of your Mettawa, IL, and Irvine, CA facilities. We recognize the importance, especially in the current environment, to dispose of excess real estate and minimize your real estate spend. I’ve been representing companies for twenty years on all aspects of their real estate strategy, but I’m well aware that executing on sublease/disposition work is often where the most value and longest relationships are forged. There is no doubt it’s a challenging climate to move space these days, but I’m confident we have the right team, strategy, and process in place to drive a positive outcome on this project. Additionally, I truly believe an often overlooked component of sublease/disposition work is recognizing the importance of having a strong working relationship with the landlord in order to negotiate the preferred outcome regardless if it’s a sublease, buyout, disposition, or termination of the lease obligation. To that end, I’ve assembled the best team Cushman & Wakefield has to offer that has the necessary experience and relationships in their respective markets to execute on the strategy we discuss in this proposal. Thank you and we look forward to your feedback.

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CUSHMAN & WAKEFIELD TEAM

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CURRENT SITUATION

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MARKET OVERVIEW

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STRATEGY

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FEES

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APPENDIX (BIOS)

Steve Billigmeier

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CUSHMAN & WAKEFIELD TEAM

The core Cushman & Wakefield Team will be lead by Steve Billigmeier with the local market expertise provided by Rick Kaplan and Chris Cummins. Steve will help drive consistent reporting across all markets and determine the right cadence for updating the designated representative from Vyaire Medical once engaged. This will all be centralized to minimize the amount of time Vyaire Medical has to allocate to real estate related matters.

CHRIS CUMMINS METTAWA, IL MARKET EXPERT

STEVE BILLIGMEIER PRIMARY POINT OF CONTACT

RICK KAPLAN IRVINE, CA MARKET EXPERT

FINANCIAL ANALYTICS OLAN YOUNG

MARKETING RYAN STEINBACH

WORKPLACE STRATEGY MIKE MCDERMOTT

PROJECT DEVELOPMENT SUSAN LAGANKE

The C&W Team will work with Vyaire Medical and Olan Young once engaged to develop the preferred structure for any financial modeling for all proposed sublease or disposition analysis.

The C&W Team will work with Ryan Steinbach to develop and then implement all of the necessary marketing materials and technology tools discussed in this proposal prior to going to market.

The C&W Workplace Strategy team’s role on this project would be to provide, if interested, guidance on how to create efficiencies around workplace design, layout, and flexible work schedules to further reduce your footprint. This would be an additional cost based on the size and scope of the project.

The C&W Project Development team could help manage any construction work that may be required as part of a disposition, sublease, and right-sizing of the facility. This would be an additional cost based on the size and scope of the project.

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CURRENT SITUATION

520 TECHNOLOGY EXISTING LEASE OBLIGATION

520 TECHNOLOGY LANDLORD

Size: 105,643 RSF

Floors: 1-4

The Irvine Company (Landlord) is known for developing and owning their assets forever. The firm has a single shareholder, Donald Bren, who is 89 years old but still reviews and approves all major transactions. On May 1st, Jonathan Brinsden joined the firm as President of Irvine Company Office Properties and will be relocating from Houston to Orange County. He is also Chairman of the Urban Land Institute and was previously the CEO of Midway. While he is new to the area, Rick Kaplan has a good relationship with him and this will be a key to developing a clear message as to Vyaire Medical’s strategy for this disposition. Cushman & Wakefield also have strong connections to Jonathan through our Houston office. There is no debt on the project, though Irvine Company does have a low level of portfolio debt.

Lease Expiration: 10/31/2028

STRENGTHS

CHALLENGES

Located in Irvine Spectrum, the most desirable area of South Orange County

Space is in shell condition

105,643 SF SIZE 4 STORIES BUILDING OVERVIEW

Good quality new building, free surface parking

Multiple sublease alternatives in competitive set

26,410 SF AVERAGE FLOOR SIZE 2018 YEAR BUILT

Discovery Park has good amenities for a suburban office campus

Most tenants that build custom space want a direct lease with options to extend

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CURRENT SITUATION

26125 RIVERWOODS EXISTING LEASE OBLIGATION

26125 RIVERWOODS LANDLORD

Size: 96,000 RSF

Floors: 1-4

The Dell Corporation (Landlord) is owned by a wealthy family that is

Lease Expiration: 12/31/2027

controlled by Jack Faintuch. He makes all of the decisions on his properties and it’s his family’s money. They have very little debt on most of their properties, but the Mettawa building is approximately 30% leveraged. The Dell Corporation is known to be long-term holders and typically prefer single tenant assets.

STRENGTHS

CHALLENGES

High quality space in a class A office building

Lack of demand

159,821 SF SIZE 6 STORIES BUILDING OVERVIEW

Great amenities (food service/fitness center)

High vacancy

Signage opportunity on the building

Maybe too far north

27,776 SF AVERAGE FLOOR SIZE 2001 YEAR BUILT

Lots of parking

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Office Q1 2021 ORANGE CO

TRENDS

MARKET OVERVIEW

EC Afte rest ‘Ora can beg

12-Mo. Forecast

YoY Chg

15.3% Vacancy Rate -1.4M Net Absorption, SF $2.91 Asking Rent, PSF

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ORANGE COUNTY

the the

After a tumultuous year due to the coronavirus, Orange County is gradually getting back to business. Since the beginning of the year, restrictions on residents and businesses has began to ease. As of the end of March 2021, Orange County has entered a less restrictive ‘Orange’ tier which allows for more businesses to reopen. Retail stores will now have no limits, restaurants and most other indoor activities can expand to 50% capacity, and offices can reopen with modifications. Total employment in Orange County slowly rebounded at the beginning of 2021, increasing by 130,000 jobs since peak unemployment in May 2020. The most recent data shows in February a drop in the unemployment rate to 6.8%, down from 7.3% in January and 14.7% from the peak in May 2020. As restoring confidence to return to the workplace will take time, many companies are still in a wait-and-see mode.

SU Ten milli (sf) first a sm con qua dem The influ the Airp PR Ove mon lock $0.0

Since March 2020, a large influx of sublease space was quickly added to the market as many companies no longer found practicality in office space with work from home mandates. The momentum has since then slowed down. Available sublease space has decreased 4.0% or 115,789 sf since the peak in November with 3.2 million square feet recorded.

Most sublease availabilities that have been listed remain heavily concentrated within the Greater Airport Area and Irvine Spectrum.

(Overall, All PropertyClasses)

ECONOMIC INDICATORS Q1 2021

12-Mo. Forecast

YoY Chg

1.5M Orange County Employment

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6.8% Orange County Unemployment Rate 6.0% U.S. Unemployment Rate

SP

Tenant demand for space continues to dwindle. Leasing volume remained low throughout the first quarter with new leasing totaling 1.2 million square feet, which is down 54.6% year over year.

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Source: BLS *U.S unemployment rate based on March reports

-6 -1

-2,1 -1,6 -1,1

Thousands

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COMPETING SUBLEASES

MARKET OVERVIEW

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1833 ALTON

Available Space: 129,263 RSF Tenant: Raytheon Gross Rental Rate: $18.00/SF FSG Term: 11/2027 Time on the Market: 30 days Quality of Space: Similar space quality; lower building quality

ORANGE COUNTY

Cushman & Wakefield has a proven track record of success in subleases, but specifically within buildings under the same ownership as Vyaire’s Irvine and Mettawa locations. This history with your landlords will be critical component of executing on a buyout or sublease as they will be a party to any transaction regardless of how the disposition is structured. This aerial provides a perspective on the recently completed subleases by the C&W Team and competing subleases currently on the market.

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2722 MICHELSON

Available Space: 105,000 RSF Tenant: Anduril Gross Rental Rate: Negotiable Term: 5/31/2031 Time on the Market: 1 week Quality of Space: Similar quality, but more creative

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C&W COMPLETED

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40,000 SQUARE FEET

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5300 CALIFORNIA

Available Space: 91,136 RSF Tenant: Acorns Gross Rental Rate: $24.00/SF FSG Term: 10/31/2025 Time on the Market: 6 months Quality of Space: Similar condition

C&W COMPLETED

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22,000 SQUARE FEET

C&W COMPLETED

400 SPECTRUM

Available Space: 90,000 RSF Tenant: Blackberry Gross Rental Rate: $30.00/SF FSG Term: 1/31/2028 Time on the Market: 2+ years Quality of Space: High quality

25,000 SQUARE FEET

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Office Q1 2021 CHICAGO SUB

1 2 3 There is no doubt the activity in the Mettawa submarket has been slow to respond and summer months historically don’t see an uptick, so we anticipate activity not to pick up until 4Q 2021. The landlords are now recognizing they need to be more competitive TRENDS

MARKET OVERVIEW

EC Tot by Feb pro (+4 7,0 has DE De to d vie squ tran 35, abs Inn We abs SU Ov spa ms sig vac inc

12-Mo. Forecast

YoY Chg

24.1% VacancyRate -690,586 YTD Net Absorption,SF $24.51 Asking Rent, PSF

SUBURBAN CHICAGO

Despite gradual signs of improvement in the Chicago metro area labor market, new leasing activity in the suburban market continued to decline and totaled 442,837 square feet (sf) at the end of Q1—a 33.6% decline quarter-over-quarter (QOQ). Taking a broader view, new leasing activity dropped 71.8% year-over-year (YOY) and stands well below its five-year quarterly average of 1.2 million square feet (msf). Renewals accounted for 21.2% of total leasing activity in Q1 2021, up from 7.3% in Q1 2020. The suburban office market ended the first quarter of 2021 with 690,586 sf of negative absorption, marking the third consecutive quarter of negative absorption, except the North corridor which recorded 70,421 sf of positive absorption due to a surge in leasing activity during Q4 2020. absorption. All submarket clusters reported negative

There is currently 4 million square feet of sublease space on the market and we anticipate this number will continue to increase as occupiers are formulating workplace strategy plans that incorporate further reductions to their footprint.

(Overall, All Property Classes)

ECONOMIC INDICATORS Q1 2021

12-Mo. Forecast

YoY Chg

3.5M Chicago Employment

8.8% Chicago Unemployment Rate 6.0% U.S. Unemployment Rate

SP

with direct lease space in order to compete with the onslaught of sublease space. As a result, the direct lease space this past quarter has continued to decline and landlords are increasing concession packages.

60 1,20

Source: BLS, Moody’s Analytics 2021Q1 data are based on latest available data

-3,00 -2,40 -1,80 -1,20 -60

Thousands

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COMPETING SUBLEASES

MARKET OVERVIEW

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1950 INNOVATION

Available Space: 42,357 RSF Tenant: Bright Horizon Gross Rental Rate: $13.00 Net Term: 2025 Time on the Market: 30 months Quality of Space: OK condition (open plan)

SUBURBAN CHICAGO

Cushman & Wakefield has a proven track record of success in subleases, but specifically within buildings under the same ownership as Vyaire’s Irvine and Mettawa locations. This history with your landlords will be critical component of executing on a buyout or sublease as they will be a party to any transaction regardless of how the disposition is structured. This aerial provides a perspective on the recently completed subleases by the C&W Team and competing subleases currently on the market.

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150 SAUNDERS

C&W COMPLETED

Available Space: 160,000 RSF Tenant: Horizon Gross Rental Rate: Negotiable Term: 2031 Time on the Market: 15 months Quality of Space: High-end quality

133,000 SQUARE FEET

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2100 LAKE COOK

C&W COMPLETED

Available Space: 30,972 RSF Tenant: G Treasury Gross Rental Rate: Negotiable Term: 2029 Time on the Market: 8 months Quality of Space: OK condition (top 2 floors)

142,000 SQUARE FEET

C&W COMPLETED

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60,000 SQUARE FEET

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165,000 SQUARE FEET

3 PARKWAY

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Available Space: 25,466 RSF Tenant: Coldwell Banker Gross Rental Rate: Negotiable Term: 2027 Time on the Market: 12 months Quality of Space: Good condition (very open)

45,000 SQUARE FEET

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STRATEGY OVERVIEW

IRVINE

METTAWA

The Irvine and Mettawa locations have their own unique set of circumstances that will require different strategies to achieve the best outcome for Vyaire Medical. However, the experience of the local C&W Team, knowledge of the market, and strong working relationships with the respective landlords is consistent across the markets and important in executing our strategies.

The key to being successful without providing a tenant improvement allowance will be to locate a replacement tenant that wants a direct lease with Irvine Company. To do this, we will have to work closely and coordinate with the Irvine Company. Our extensive experience working with them will help us accomplish our goals. We will directly target all the larger occupants known to be active in the market. We will also target occupiers that are not in the market but known to be growing, such as the multiple video game companies that have recently been formed by Blizzard alumni. Through direct outreach and an electronic marketing campaign, we will make sure that every broker in the market and region knows about the space. We have good relationships with the brokerage community and pride ourselves on being a firm that others want to work with.

It is our recommendation to cast a wide net for potential subtenants by marketing all four floors for sublease and consider transactions as small as one floor. The property is 100% leased and has not been seen by the brokerage community in years. Thus, having a high-quality marketing campaign will be critical to reintroduce the building to the market and it will be imperative to incorporate the latest technology to provide virtual tours. It would also be advisable to have a broker event on site, if it’s not too disruptive to the employees, in order to create further exposure of the space. Similar to Irvine, it will be key that we have a strong relationship with the landlord as there are multiple outcomes that we will need their cooperation in order to achieve the best outcome for Vyaire Medical. Due to the market conditions and our perspective they will further decline before improving, we recommend getting very aggressive on the overall terms. The market will eventually improve, but time is not on our side and we will achieve better outcome by being aggressive earlier on.

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STRATEGY

TRANSITION

ANALYSIS

MARKETING

LEASING

PROCESS

CONFIRM VYAIRE GOALS Meet with Vyaire to determine objectives, issues, and considerations Confirm spaces and desired timeline Customize reporting process Establish timing PERFORM SITUATION ANALYSIS Review/confirm lease documents Establish negotiations with property ownership and management Abstract lease Evaluate vendor contracts Establish standard financial analysis model

PERFORM ASSET ASSESSMENT Evaluate usable square footage and market loss factor Review/prepare floor plans Analyze project

DEVELOP SUBLEASING STRATEGY Establish subleasing objectives Develop a unique strategy for subleasing and positioning the property in the market Ascertain target market Estimate market value DEVELOP MARKETING PROGRAM Develop communications program based on leasing strategy, market data, and asset evaluation Provide timeline, media plan, and budget Create marketing plan and submit to Vyaire, and Ownership if required, for approval Execute marketing program Review and adjust marketing plan throughout the marketing

QUALIFY PROSPECTS Assess potential sublessee’s financial strength and credit

The C&W Team will implement a consistent process across the Irvine and Mettawa markets that will be key to our overall strategy. It will be imperative to have full alignment with the C&W Team and Vyaire Medical before engaging with the market. Once there is alignment on the strategy the C&W Team will make sure the key stakeholders with the landlord are aware of our desired outcome.

Review offer terms and investigate prospects Prepare counteroffers

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operating expense and tax escalations Evaluate infrastructure Evaluate physical and human capital

FINALIZE NEGOTIATIONS Select subtenant Negotiate Draft sublease terms and conditions Execute contract

ANALYZE MARKET Analyze: Historical, current, and forecasted market conditions and trends Asking rents and vacancies Competitive properties Comparable lease transactions

CLOSE AND FOLLOW–UP Finalize sublease abstracts Summarize critical information Perform administration tasks

Supply and demand Tenants in the market

and leasing process Conduct canvassing and showings Report inquiries Follow up with prospective tenants

Statement of objectives

Recommendations for improvements and positioning

Strategy proposal

Lease abstract

DELIVERABLES

Marketing plan

Asset plan and standard requests

Market report to use in marketing plan

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PRICING ASSUMPTIONS

STRATEGY

TARGET TENANTS

IRVINE

PRICING ASSUMPTIONS TARGET TENANTS

12-18 MONTHS DOWNTIME 3Q 2022 SUBLEASE COMMENCEMENT $18.00 - $19.20/SF NNN RENT PER ANNUM 3% ANNUAL ESCALATIONS 1-1.5 MONTHS OF FREE RENT FOR EVERY YEAR OF TERM 12-18 MONTHS DOWNTIME 3Q 2022 SUBLEASE COMMENCEMENT $20.00 - $23.00/SF GROSS RENT $0.50 PER YEAR ANNUAL ESCALATIONS METTAWA

250,000 SF

95,000 SF

175,000 SF

It is our recommendation that we don’t formerly market an asking rate with either location. Specifically with Irvine, it will be critical to have direct conversations with the brokers in the market that the intent is to structure a direct lease with the landlord and not misrepresent a sublease structure that is likely unachievable and not consistent with our strategy. This approach will result in a buyout with the Irvine Company. Regarding Mettawa, the rent structure good vary significantly based on the amount of space subleased as their good be a go-forward requirement if we subleased the entire space and those costs would need to be accounted for in the sublease terms. Bottom line, neither of these spaces is a simple disposition as there are multiple factors that need to be considered and communicated to the market, so we would recommend marketing the space as “negotiable”. The proposed rates are simply for internal discussion.

62,000 SF

40,000 SF

40,000 SF

35,000 SF

28,000 SF

27,000 SF

TARGET TENANTS

60,000 SF

60,000 SF

30,000 SF

40,000 SF

2 MONTHS OF FREE RENT FOR EVERY YEAR OF TERM

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Cushman & Wakefield Brings You Intelligent Space Cushman & Wakefield’s partnership with Saltmine changes how your clients will experience workspace through intelligent programming and customized, realistic visualization of properties. Our Planning Services’ design team uses Saltmine technology to create test fits customized to a client’s unique needs in days, not weeks. The cloud-based platform allows designers to quickly modify layouts via an instant drag-and-drop process, and native 3D tours eliminate the need for additional renderings to uncover a property’s true potential.

The platform includes: • AI-powered programming • Interactive 3D test fit models, as well as 2D and VR design visualization • Automated quantity take-offs • Browser-based collaboration with clients and the C&W team

STRATEGY

Saltmine will empower you and your clients to make space decisions faster and with more confidence.

Want to know more? Contact: PlanningServices@cushwake.com

TECHNOLOGY

See office space differently

The Cushman & Wakefield team will incorporate the latest technology as part of prepping the space prior to commencing our marketing. This is a critical component to marketing and especially during COVID as tenants are often delaying in- person tours until they have finalized a short list of options. Since the Mettawa space is built out and Irvine is in shell condition we will implement the appropriate technology to maximize our efforts.

Unrivaled technology links workplace strategy and design

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Copyright © 2019 Cushman & Wakefield. All rights reserved. Publication Date 04.2019

cushmanwakefield.com

It will be critical to utilize a 3D space planning tool with the Irvine space due to the fact it’s in shell condition today, so C&W will provide at no cost sample test fits by Saltmine that will show different possible configuration for how the space can be configured.

The Mettawa space has recently been built out with high end finishes, so C&W will provide at no cost a 3D tour of the space via Matterport . This will allow prospective subtenants the ability to do virtual tours of the space and minimize the disruption to Vyaire Medical employees during our marketing efforts.

SEE FOR YOURSELF

SEE FOR YOURSELF

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FEES

IRVINE SUBLEASE WITH NO CO-BROKER

In the event a sublease is fully executed with a prospective subtenant that is not represented by a co-broker, C&W shall be paid a commission equal to 5% of the total NNN rent for years 1-5 and 2.5% of the total NNN rent for years for years 6-10.

The Cushman & Wakefield Team proposes the following preferred fee structure for the Mettawa and Irvine. Each market has a unique fee structure, so its important to be consistent with the local market practice as we want to propose consistent fees for competing blocks of sublease space. Included in these fees will be the cost for all of the recommended technology that is requires for each location (i.e., professional photos, Saltmine, & Matterport).

SUBLEASE WITH CO-BROKER In the event a lease is fully executed with a prospective subtenant that is represented by a co-broker, the co-broker shall be paid a commission equal to 5% of the total NNN rent for years 1-5 and 2.5% of the total NNN rent for years for years 6-10, plus a $2.00 per rentable square foot bonus commission and C&W shall be paid a commission equal to 2.5% of the total NNN rent for years 1-5 and 1.25% of the total NNN rent for years for years 6-10.

METTAWA SUBLEASE WITH NO CO-BROKER

In the event a sublease is fully executed with a prospective tenant that is not represented by a co-broker, C&W shall be paid a commission equal to $1.25 per rentable square foot multiplied by the rentable square feet of the Property multiplied by the number of years of the lease term. SUBLEASE WITH CO-BROKER In the event a lease is fully executed with a prospective subtenant that is represented by a co-broker, C&W shall be paid a commission equal to $1.875 per rentable square foot multiplied by the rentable square feet of the Property multiplied by the number of years of the lease term. ($1.25 per rentable square foot to the co-broker, and $0.625 per rentable square foot to C&W).

ASSIGNMENT, BUYOUT, CANCELLATION OR TERMINATION OF LEASE RATES The commission is equal to ten (10%) of the Savings (as that term is hereinafter defined) achieved by C&W for Sublandlord in any such disposition transaction. Savings shall be defined as the difference between the gross rent (including, without limitation, both base rent and additional rent) for the unexpired portion of Sublandlord’s remaining lease term immediately prior to any such assignment, buyout, cancellation or termination of lease and any payment Sublandlord is required to make to its Landlord as a result of such assignment, buyout, cancellation or termination.

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APPENDIX (BIOS)

Steve Billigmeier Executive Managing Director Tenant Advisory Group 1401 Lawrence Street, Suite 1100 | Denver, CO 80202 Direct +1 303 813 6413 | Mobile +1 303 919 0850 steve.billigmeier@cushwake.com | cushmanwakefield.com

Professional Expertise Mr. Billigmeier has negotiated some of the largest and most complex lease transactions on behalf of corporate occupiers over the past 18 years. He is a tenant representation specialist with an expertise in lease administration, disposition, acquisition, portfolio management and strategic advisory services. Mr. Billigmeier focuses on developing an in-depth understanding of his clients’ business objectives and then formulates and executes a real estate strategy that aligns with the organization’s mission. During his tenure, Mr. Billigmeier has served as a strategic partner managing real estate portfolios on global basis. As one of the top producing brokers at Cushman & Wakefield, Mr. Billigmeier has earned multiple awards including “Rookie of the Year,” “Deal of the Year,” “Top Producer Award,” and the “Service Excellence Award.” The Denver Business Journal consistently recognizes his team as one of the top producing teams in the market and he is consistently nominated by NAIOP as one of the top office leasing brokers in Colorado.

Notable Assignments • VF Corporation - 285,000 RSF • Computershare - 282,000 RSF • Vail Resorts - 165,000 RSF • QEP Resources - 180,0000 RSF • Sierra Nevada Corporation - 400,000 RSF+ (Multiple Locations) • Questar - 180,000 RSF

• Epsilon - 80,000 RSF • Medtronic Technologies - 110,000 RSF • Burns & McDonnell - 100,000 RSF

• WeWork - 77,000 RSF • Alteryx - 80,000 RSF • TSYS - 115,000 RSF

Professional Affiliations • NAIOP • DMCAR • Downtown Denver Partnership’s Leadership Program • Cushman & Wakefield Tenant Advisory Group – Executive Board

Education • B.A. in Finance from Miami University (OH)

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Chris Cummins Executive Director 9500 W. Bryn Mawr Avenue, Suite 600 | Rosemont, IL 60018 Direct +1 847 518 3238 Mobile +1 312 399 6903 Fax +1 847 518 9116 chris.cummins@cushwake.com | cushmanwakefield.com Lic #5130316

RICK M. KAPLAN, Executive Vice Chairman 18111 Von Karman, Suite 1000 | Irvine, CA 92612 Direct: +1 949 955 7643 Mobile: +1 949 632 9300 Fax: +1 949 474 0405 rick.kaplan@cushwake.com | cushmanwakefield.com Lic #00863069

Professional Expertise Chris Cummins is an Executive Director with Cushman & Wakefield. Chris specializes in working with landlords and corporations to establish and implement successful real estate strategies. By focusing primarily in the North Suburban office market, Chris’ excellent market knowledge makes him a valuable resource to his clients. Chris has been involved in over 10 million square feet of leases throughout the northern suburbs. Chris has earned several top awards and recognition in the industry. Chris was the recipient of the 2007, 2015, 2018, and 2019 NAIOP Suburban Office Transaction of the Year Award. Chris has been recognized as a top producer at both Colliers and Cushman & Wakefield. Before joining Cushman & Wakefield, Chris spent 4 years with CB Richard Ellis, followed by 10 years as a Principal at Colliers International. Chris has been in the commercial real estate industry for 20 years. Clients Served Professional Affiliations • NAIOP • Lake County Partners • President, St. Joan of Arc Men’s Club Professional Recognition • Winner NAIOP Suburban Office Broker Transaction of the Year – 2019, 2018, 2015, 2007 • Top Producer – Colliers International, 2015, 2014, 2011, 2010 and 2007 • Top Producer – Cushman & Wakefield, 2018 • CoStar Power Broker Award, 2015 Education • Regis University, Bachelor of Arts • Accesso Partners • Newsweb Corporation • Blackstone • Northwestern Mutual • Colony Realty Partners • Quadrangle Development • Farbman Group • Principal Financial • GE Capital • Venture One

Professional Expertise Rick Kaplan is an Executive Vice Chairman in Cushman & Wakefield’s Orange County office. He is also a leader in the firm’s Brokerage Advisory Committee, America’s Board, and Global Law Firm Practice Group. Since beginning his career in 1981, Mr. Kaplan has successfully completed more than 5,000 lease and sale transactions on behalf of his clients. He is consistently ranked among the company’s top 100 producing brokers and is recognized as one of the top real estate professionals in the nation. During his tenure, he has represented the real estate needs of numerous corporations and professional firms on a local, regional, national, and international basis.

Select Client List • Abbott

• Crowell & Moring • Fluor Corporation • Global Crossing • Hewlett Packard • Jacobs Engineering • Level 3 Communications • Marriott Corporation • Matsushita Avionics • Mazda Motor of America • Media News Group • Mission International • Molina Healthcare • New Century Financial • New York Life • Pacific Alternative Asset

• PIMCO • Panasonic Technologies • Paragon Biomedical • Safeco Insurance • Salesforce • Scholle Corporation • Siemens • Snell & Wilmer • State of California • TDK USA Corporation • Teridian Semiconductor

• Aetna Life Assurance • Allstate Insurance • AT&T Services • Bank of America • Beckman Coulter • Black & Decker • Boeing • Broadcom • Carrington • Chevron • CNA Insurance • Compaq Computer • ConocoPhillips • Cox Communications

• The Capital Group • Tribune Publishing • Ventura Foods • Xerox Corporation

Education, Memberships and Awards Mr. Kaplan currently represents Fluor Corporation and Scholle Corporation on an international basis as well as Abbott, Carrington, PIMCO and WATG on a national and regional basis. Mr. Kaplan holds a Bachelors of Science degree in real estate finance from California State University at Fullerton. He is a licensed real estate salesperson in the state of California.

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1401 Lawrence Street, Suite 1100 / Denver, Colorado 80202 / phone +1 303 292 3700 / cushmanwakefield.com