PRESENTED TO

Innovation in the Heart of Malden Center Malden Center is beating with new life as 11 Dartmouth brings innovation to the scene. This 188,000 SF life science R&D, office and mixed-use project will offer life science, office, and retail, providing a home for entrepreneurial professionals who seek an exceptional work-life experience in a premier urban location.

Table of Contents INTRODUCTION

SECTION 1

11 DARTMOUTH STATUS

SECTION 2

LOCATION OVERVIEW

SECTION 3

PROJECT OVERVIEW

SECTION 4

BILH PROPOSAL

SECTION 5

TEAM OVERVIEW

SECTION 6

Visit 11Dartmouth.com

SECTION 1 – INTRODUCTION

11 Dartmouth is the Premier R&D Destination North of Boston With a unique combination of new construction and cost effectiveness, 11 Dartmouth offers Beth Israel Lahey Health the opportunity to create a dynamic R&D destination for its members that is attractive and easily accessible to its partners. 11 Dartmouth is proof that a new, healthy, sustainable, innovation-driven and transit-accessible R&D building can be delivered in an urban setting, at the intersection of urban Boston/Cambridge and northern suburbs including Beverly and Andover, but at substantially lower rents. Its location in a MA-designated Gateway City and federally-designated Opportunity Zone ensures economic incentives including real estate tax abatement(s) and other incentives to attract BILH to this premier location. With sustainability, wellness, and community engagement at the forefront of the building design, Quaker Lane and Turnbridge Equities have partnered to conceive a LEED-certified marquis building in Malden Center with state-of-the-art R&D capabilities, ample natural light, and efficient floor plans with sweeping views of Boston and Mass Bay.

Purpose-Built

Transit Accessible

Cost Effective

Tax Incentives

Socially Responsible

Walkable

Urban Amenities

SECTION 1 – INTRODUCTION

Experience 11 Dartmouth Explore all that 11 Dartmouth has to offer and immerse yourself in the exceptional work-life experience.

Visit 11Dartmouth.com and discover the benefits of working in Malden.

Get an aerial view of 11 Dartmouth and its convenient location within Malden Center.

Parking won’t be a problem thanks to the underground parking garage. Enjoy the open air and panoramic views of the Boston skyline.

Visit the compelling amenities located within the open and airy lobby.

Take the virtual reality tour of the highly-flexible floor plans for lab and office space.

Experience the virtual reality tour of the flexible lab and office space.

SECTION 1 – INTRODUCTION

Distinctive Value with Class A Amenities •

Desirable ~188,000 SF built-to-suit HQ opportunity

•

Wellness and innovation are the foundation of the building design

•

Highly flexible open floor plans up to 19,275 SF

•

LEED certified with a purposeful focus on health and wellness

•

Abundant natural light with panoramic views of the Boston skyline

•

Short walk to Malden Center Station with Orange Line, Commuter Rail & Bus lines

•

Extensive urban amenities with restaurants, bars, grocery, convenience

•

2025 anticipated delivery date

AMENITY PACKAGE HIGHLIGHTS • • • • • • • •

Dynamic indoor/outdoor rooftop amenity Compelling lobby amenities with opportunity for custom F&B End-of-trip facilities (bike storage, showers, locker room) 24-hour concierge/security service Fitness center Tenant event spaces On-site parking Efficient indoor loading and freight capability

SECTION 2

CURRENT STATUS OF 11 DARTMOUTH

SECTION 2 – CURRENT STATE OF 11 DARTMOUTH

Design Status and Permitting DESIGN STATUS • • • •

•

•

DENSITY •

Comprehensive Design and Density Studies Concept Design Complete Schematic Design Completed Engineering Studies Completed: • Traffic • Geotech • Civil • Survey Parking Configurations Designed/Evaluated • Conventional below-grade • Automated below-grade (stackers) Design Drawing Commenced

Density/Zoning/Height APPROVED •

9-stories

•

188,000 SF

•

Office/lab mixed-use

•

Below-grade parking garage

CONSTRUCTION •

APPROVAL from Malden Historic Commission for demolition of existing building on-site

•

R&D Special Permit APPROVED

COMMUNITY/OFFSITE CONTRIBUTIONS COMMITTED •

Affordable Housing Trust

•

Traffic Improvements

•

Bicycle Sharing Program

•

Streetscape Improvements

SECTION 2 – PROJECT STATUS

Available Incentives From the onset of the permitting process, Quaker Lane has engaged with officials from the Commonwealth of Massachusetts, and City of Malden, to ensure that major tenants are able to access economic incentives tied to employment, innovation, and research at 11 Dartmouth. Through these incentives, we are able to reduce occupancy costs by as much as 10-20% due to support from public agencies. In addition, we are able to source capital from alternative and attractively priced sources to mitigate capital markets risks and interest expense.

Tax Increment Financing • Special tax assessments (“STA”) are available in the city of Malden

• Offers up to 100% real estate tax

abatement for a TBD period of initial lease term

• Offered alongside or combined with EDIP (MA) benefits

Economic Development Incentive Program • A controlling business or its affiliates may

receive the credit against their income tax or corporate excise liabilities

• Credits can be up to 50% of the income tax and corporate excise liability and unused credits carry over indefinitely

Development Financing & Credit Enhancements • Real Estate Loans • Predevelopment Loans • Green Loans • Loan Guarantees

SECTION 3

LOCATION OVERVIEW

SECTION 3 – LOCATION OVERVIEW

Malden, MA CONVENIENT LOCATION ACCESSIBLE BY PUBLIC TRANSPORTATION MALDEN CENTER TO ASSEMBLY ROW, SOMERVILLE – 3 MILES/ APPROX. 6 MIN ON THE MBTA ORANGE LINE MALDEN CENTER TO KENDALL SQUARE, CAMBRIDGE – 5 MILES/ APPROX. 30 MIN ON THE MBTA ORANGE & RED LINES

SECTION 3 – LOCATION OVERVIEW

Amenity-Rich Environment

Malden Center

SECTION 3 – LOCATION OVERVIEW

Public Transit Access MALDEN CENTER STATION OVERVIEW

• • •

Subway - Orange Line Bus – multiple routes Commuter Rail – Zone 1A | Haverhill Line

•

7-minute walk to 11 Dartmouth

•

Over 50,000 passengers enter the Orange Line between Malden and North Station daily (60% of those commuting to/from work)

MBTA ORANGE LINE SYSTEM IMPROVEMENTS

o o o o

Full fleet to enter service by 2023 Fleet size: 152 cars Peak cars in use: >120 Average Spacing: 4 Minutes

SECTION 4

PROJECT OVERVIEW

SECTION 4 – PROJECT OVERVIEW

Building Specifications PROPERTY OVERVIEW

MECHANICAL SPECIFICATIONS

STRUCTURAL SPECIFICATIONS

Location

11 and 17 Dartmouth Street, Malden, MA 02148

WATTS

5 W/SF for Office; 25W/SF for R&D Lab

Structural

125 lbs/SF live load

Cross Streets

Northeast of the intersection of Dartmouth and Pleasant Streets

Emergency & Backup Power

Base building life safety only; space allocated for tenant generator

Ceiling Height (ft)

15’ floor to floor

Square Footage

188,076

HVAC

100% Make-up Air

Floor Vibration Criteria

8,000 MiPS

Land Area (acres)

0.68

Vent & Vacuum Piping to Tenant Space

Risers for R&D tenant spaces Dedicated pH room at grade

Loading Dock

3 tailgate height, each 10’ W x 40’ L x 14’ H

pH Neutralization Tank Chemical & Hazardous Material Storage

Space allocated on ground floor

Year Built / Renovated

2025

Number of Floors

9

Trash

Compactor at grade

Parking (spaces)

138

Elevators

2 passenger, 2 freight

Tax Parcel

50-259-918 (11 Dartmouth) and 50-259-902 (17 Dartmouth) TO BE MERGED/ CONSOLIDATED

Construction Type

Steel

Zoning

BC

Utilities

Electric: National Grid Electric Water & Sewer: Malden Department of Water Utilities Gas: National Grid Gas Telephone: Comcast or Verizon Data: Comcast or Verizon

SECTION 4 – PROJECT OVERVIEW

Design-Construction Timeline ACCELERATED

2025 2020 2021 2022 2023 2024 Q2 Q3 Q4 Q1 Q4 Q4 Q1 Q2 Q3 Q4 Q2 Q3 Q1 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3

ACQUISITION PRE-DEVELOPMENT DESIGN (Concept/Design Development) SPECIAL PERMIT ENTITLEMENT DESIGN (Construction Documents & Building Permits) CONSTRUCTION (Core/Shell) CONSTRUCTION (Fit-Out) OCCUPANCY CONSERVATIVE

ACQUISITION PRE-DEVELOPMENT DESIGN (Concept/Design Development) SPECIAL PERMIT ENTITLEMENT DESIGN (Construction Documents & Building Permits) CONSTRUCTION (Core/Shell) CONSTRUCTION (Fit-Out) OCCUPANCY

SECTION 4 – PROJECT OVERVIEW

Building Features

SECTION 4 – PROJECT OVERVIEW

Stacking Plan

SECTION 4 – PROJECT OVERVIEW

Typical Lab Floor Test Fit

SECTION 4 – PROJECT OVERVIEW

Typical Office Floor Test Fit

SECTION 5

Beth Israel Lahey Health PROPOSAL

SECTION 5 – BETH ISRAEL LAHEY HEALTH PROPOSAL

11 Dartmouth Proposal for

Beth Israel Lahey Health PROPOSAL OUTLINE Tenant

Beth Israel Lahey Health (www.bilh.org)

Landlord

11 Dartmouth Street Property LLC, which is owned and operated by Quaker Lane Capital and Turnbridge Equities. Quaker Lane Capital is a certified Minority Business Enterprise (“MBE”) commercial real estate owner, operator, investor, developer, and advisory services provider currently focused on the Boston and Philadelphia metropolitan markets. Quaker Lane is developing assets in emerging urban submarkets within close proximity to transit infrastructure, highly functioning academic and research institutions. Quaker Lane maximizes impact through our projects, through entrepreneurship, job creation, education, and economic development. For more information, visit www.quakerlane.com. Turnbridge is a vertically-integrated, SEC-registered, real estate investment and development firm with offices in New York, Los Angeles, Washington DC, Miami, and Austin with assets under management in excess of $2.4 billion. Turnbridge has developed build-to-suit spaces for many discerning tenants, including Gensler, Amazon.com, Ojo Labs, Soho House, Equinox Fitness, Deloitte, and Hermes, and counts numerous high-touch tenants within its portfolio, including Boeing, General Dynamics, Lockheed, and Perkins & Will. Quaker Lane and Turnbridge provide a full- service platform and extensive relationships to enable the organization to acquire, develop, reposition, and operate real estate and generate value for its investors and partners. With a track record of implementing successful investment strategies, Turnbridge has capitalized in excess of $2.4 billion in real estate transactions, and between its SEC- registered investment fund and fund co- investors controls in excess of $50 billion in total assets.

Building

11 Dartmouth Street, Malden, MA (188,076 RSF), located in a designated Opportunity Zone, and fully permitted for a 9-story office and R&D lab building

Delivery of Base Building

Anticipated delivery of base building in Q1 2025

Occupancy Date

Targeting Q2 of 2025

Milestones

The lease will include appropriate “milestone dates” by which certain items will have been achieved.

Lease Commencement

Lease shall commence upon the Occupancy Date

Rent Commencement

Rent shall commence six (6) months from Lease Commencement (“Rent Abatement Period”). Tenant to pay NNN charges during Rent Abatement Period.

Premises

188,076 SF. The measurement method shall be ANSI/BOMA Z65.1—2017.

Term

Fifteen (15) years from Rent Commencement.

SECTION 5 – BETH ISRAEL LAHEY HEALTH PROPOSAL

PROPOSAL OUTLINE CONT. Base Rental Rate

$75/RSF NNN following Rent Abatement, increasing by 4% per annum

Rent Abatement/ Incentive

Six (6) Months Free Base Rent.

Tax and Operating Expenses

From and after the Occupancy Date, Tenant shall pay all customary operating expenses and real estate taxes applicable to the Premises.

Operating and Tax Review

The lease shall include language that will allow Tenant to review and audit the Landlord’s books and records regarding the taxes and operating expenses of the Building.

Utilities

Tenant will pay for all metered and sub-metered utility services that serve the Premises either directly to the utility company or, as applicable, to Landlord based on check-meters.

Amenities

• • • •

Holdover

200%

Delivery of Premises/ Base Building Work

Landlord shall deliver a new class A R&D building. Landlord shall deliver building systems compliant with all applicable legal requirements and regulations including ADA and environmental laws. Base Building infrastructure and specifications shall include details on specifications for HVAC, MEP, and other building systems. Landlord shall provide a description of Landlord’s planned Base Building Premises which shall be delivered in shell condition. Building specifications shall include: • • •

Dynamic indoor/outdoor roof deck 24-hour concierge service/security On-site parking and bike storage Car charging stations

• • • •

Fitness center Showers and locker rooms Tenant event spaces Indoor loading and freight capabilities

Ceiling height: 15’ floor to floor pH Neutralization: tank at grade Power: floor by floor distribution at 25W/sf for lab and 5W/sf for office, plus emergency generator for base building life safety. Dedicated space for Tenant generator.

• • • • •

Loading: 3 tailgate height docks HVAC: 100% make up air; 175 CFM Chemical & hazardous materials: storage on ground floor Piping: pure water system to Tenant spaces; vacuum piping to Tenant spaces Structural: 125 lbs/sf live load; 8,000 MIPS

Tenant Improvement Allowance

The Landlord shall provide a Tenant Improvement Allowance of $150 per RSF to be allocated towards Tenant Improvements.

General Contractor, Project Management, Architectural & Engineering

Tenant may designate its own general contractor, project management, interior design and architectural firm; however, efficiencies can be achieved using a single General Contractor to perform both the base building and tenant improvements.

SECTION 5 – BETH ISRAEL LAHEY HEALTH PROPOSAL

PROPOSAL OUTLINE CONT. Renewal Options

Tenant shall have two additional periods of five (5) years to extend its lease by giving twenty-four (24) months prior written notice (“Renewal Period”). Renewal rent shall be at an arbitrated Fair Market Rent for transit adjacent comparable properties, but not less than the Rent being paid immediately prior to each respective renewal period. Rent during the Renewal Periods shall increase 4% per annum.

Arbitration

Any disputes under the Lease related to Fair Market Value and rent for the extension rights, shall be resolved by arbitration, per terms and conditions to be mutually agreed upon and set forth in the Lease.

Access and Security

Tenant shall have 24 hour per day, 7 days per week 52 weeks per year access to its space, bathrooms and the grounds. Security provisions to be customary for first class office and R&D space in the Somerville and Malden area.

Parking

Structured below grade parking at a rate consistent with the downtown Malden trade area. The Building has approximately 138 parking spaces available for all Tenants.

Signage

Tenant shall have the right to install exterior building signage subject to city approval.

Sublease and Assignment

Tenant shall be permitted to assign the Lease or sublet all or any portion of the Premises to any related entity, parent, subsidiary, or affiliate of Tenant or due to a consolidation, merger, restructuring, acquisition or transfer of a portion or all of the stock or ownership interest in Tenant, or to any corporation or other entity that succeeds to all or substantially all of the assets and business of Tenant or an entity under common control with Tenant with notice to Landlord but without need for obtaining Landlord’s consent. All other assignments and subleases shall be subject to Landlord’s prior written consent, not to be unreasonably withheld, conditioned or delayed, and subject to mutually acceptable requirements as more particularly provided in the Lease. No assignment or subletting shall affect Tenant’s continuing liability under the Lease. There will not be any rental hurdles with regard to sublease rent. Landlord’s recapture rights, which shall be applicable only if Tenant seeks to assign or sublease more than 50% of the premises for the remainder of the terms to a party other than a permitted assignee or subtenant, shall be as set forth in the Lease. Any net rents for an assignment or sublease will be shared equally by Landlord and Tenant, after Tenant first deducts all customary transaction costs, including but not limited to, marketing downtime, brokerage fees, legal fees, free rent, and any subtenant improvement expenses, all as more particularly detailed in the Lease.

Economic Incentives

11 Dartmouth is located in a MA-designated Gateway City and in a Federally-designated Opportunity Zone, allowing for a variety of tax incentives and financing opportunities. Quaker Lane Capital is a certified MBE (Minority Business Enterprise). Landlord will assist and provide cooperation with Tenant in pursuit of any and all available City and State incentives.

Telecommunications

Tenant has right to allow multiple telecommunication providers the ability to install, maintain, replace, remove and use any communication, telephony and/or computer lines serving its space in a location mutually agreed upon by Tenant and Landlord. In addition, Tenants’ telecommunications providers will have the use of vertical risers, horizontal pathways, telephone riser closets, mechanical rooms, basement space rented by Tenants, conduit and other common areas of the Building to the extent reasonably necessary to provide telecommunication service to its space. Landlord will provide such access to Tenant and its telecommunications providers at a commercially reasonable cost and subject to commercially reasonable rules and regulations applied consistently.

SECTION 5 – BETH ISRAEL LAHEY HEALTH PROPOSAL

PROPOSAL OUTLINE CONT. Loading/Unloading

Landlord will provide three (3) common loading docks and two (2) 4,500 lb. freight elevators for Tenant’s non-exclusive use.

Property Management

The Owner shall provide management services for the Building. The management fee shall not exceed 5% of the gross rent and shall include customary salary and overhead passthroughs (management fee and building salaries shall be at market norms and defined in the lease). The Tenant shall have the right to review the property budget and estimated expenses before the execution of the lease.

Compliance with Regulations

Landlord shall be responsible for all consultation, architectural and engineering charges, and all costs required to make (or cause to be made) the common areas of the Building and path(s) of travel to and from the Building, to be in compliance with, or be deemed in compliance, as of lease commencement, with the provisions of the Americans with Disabilities Act and any other laws, ordinances or regulations, including all applicable building codes.

Security Deposit

TBD upon review of audited financials.

Brokerage

It is understood that Colliers International represents the Tenant and Lee & Associates Boston represents the Landlord, both of which will be paid per a separate agreement.

Qualifications

This document is not contractually binding on the parties and is only an expression of the basic terms and conditions to be incorporated in a formal written lease agreement, along with other terms to be negotiated by the parties. Neither party may rely on this document as creating any legal obligation of any kind and both parties agree to keep the terms and conditions of this proposal confidential.

AGREED TO AND ACCEPTED FOR BETH ISRAEL LAHEY HEALTH BY:

Duly Authorized

Date

AGREED TO AND ACCEPTED FOR QUAKER LANE BY:

Date

SECTION 6

TEAM OVERVIEW

SECTION 6 – TEAM OVERVIEW

SECTION 6 – TEAM OVERVIEW

Quaker Lane Team CARLOS FEBRES-MAZZEI

KYLE JOSEPH

Director – Acquisitions

Managing Principal

• $2 Billion Transactions • Global Trophy Assets • 10 Years Real Estate

• $20 Billion Transactions • $6 Billion Life Science • 17 Years Boston Real Estate

ALEX MACNEIL

PUJA PERUTO Principal

• Institutional Capital Advisory • Fund Management and Strategic Planning • 15 Years Real Estate

Director – Projects

• $2 Billion Life Science Ground-up Projects • Prior: Suffolk Construction and Redgate • 14 Years Boston Real Estate

JESSICA DANZIGER

Director - Asset Management • Institutional Asset Management • Finance, Tech, and Operational Strategy • 17 Years Real Estate

SECTION 6 – TEAM OVERVIEW

Quaker Lane ESG Focus We are an impact-driven developer/investor, with significant engagement in our communities, non-profit organizations, and dedicated time and resources to these organizations and initiatives. Vendor Procurement

Sustainability & Wellness Universal improvements in Energy Efficiency Net-Zero Solar Energy Renewable Materials Wellness-driven Design

15%+ M/W/DBE Consultants, brokers, advisors, and contractors

DIVERSITY, EQUITY & INCLUSION MBE Certified

Memberships/Advocacy

Commonwealth of Massachusetts City of Philadelphia Government Services Admin.

Real Estate Exec Council (Minority Executive Cohort)

Social & Community Board & Leadership Community Group Engagement Diverse Investment Partners Incubate M/W/DBE Tenants

NON-PROFIT LEADERSHIP COMMUNITY ENGAGEMENT

SECTION 6 – TEAM OVERVIEW

30

SECTION 6 – TEAM OVERVIEW

Turnbridge Equities Team

AMY FALDOWSKI Director, Investments

RYAN NELSON Managing Principal • Oversees acquisitions, operations and asset management • MRP Realty, Sherwood Equities

KEVIN YANG Director, Investments

JASON DAVIS Managing Director • Sourcing and investment execution • Over $17B in transaction volume • MRP Realty, H/2 Capital Partners

RICHARD WOOD Senior Managing Director, Construction & Development

SECTION 6 – TEAM OVERVIEW

Firm Overview 2015

Founded in 2015 by Andrew Joblon, Turnbridge is now comprised of 20 professionals in four offices nationally.

111 YEARS

Turnbridge’s executive leadership team possesses over 111 years of combined investment experience and career investment transaction volume of nearly $30 billion.

VERTICALLY-INTEGRATED

Vertically-integrated, full-service, SEC-registered investment advisor with expertise and in-house capabilities spanning acquisition, development, entitlements, construction, capital markets, leasing, and operations.

32 INVESTMENTS

In Austin, New York, Raleigh-Durham, Boston, Washington, DC, Miami, and Los Angeles.

$2.4 BILLION

Investment (total capitalization), since Turnbridge firm inception, spanning all asset classes and multiple geographies.

SECTION 6 – TEAM OVERVIEW

Turnbridge Equities Development Experience REGIONAL HEADQUARTERS CLIENTS

SELECT TENANT RELATIONSHIPS

SECTION 6 – TEAM OVERVIEW

Office BTS Development Experience | Music Lane, Austin Equinox

Music Lane Building Three

(1007 South Congress)

(1009 South Congress)

Music Lane Building Two (SOHO House)

Music Lane Building One

1221 South Congress

(1011 South Congress)

MUSIC LANE, SOUTH CONGRESS STREET AUSTIN

LOCALLY INSPIRED DESIGN

ECELECTIC PURVEYORS

The hotel, members-only club, and restaurant offerings of Soho House Austin create a 24/7 buzz. An events space and stage, a swimming pool, and a screening room are all part of this creative hive at Music Lane, adjacent to its retail and creative office.

Texas-based internationally recognized architecture firm Lake | Flato designed six buildings in this development, including 1221 South Congress and Music Lane, to be distinctive yet at home in South Austin, as if they have been there for years.

A curated collection of retail and restaurants shows attention to trends while holding true to the history of the street. Welcome to this growing premier destination.

Upscale and unrivaled, the full-service fitness club from Equinox features workout classes, personal training, performance-inspiring studios, and luxury amenities.

INVITING OUTDOOR SPACES Cool and shaded streetscapes encourage shoppers to linger for an unhurried retail experience. Office workers can enjoy open-air balconies, animating the environs and reinforcing the property’s stature as a multi-use destination.

SOUTH CONGRESS HOTELS Smack in the middle of Austin’s festival and conference scene, 1221 South Congress is within walking distance of the city’s coolest hotels: Hotel Magdalena, Hotel Saint Cecilia, Hotel San José, the Austin Motel, and the South Congress Hotel.

SECTION 6 – TEAM OVERVIEW

Mutual Tower | Durham, NC 180,000 SQ FT

$50M

TOTAL CAPITALIZATION

Office USE

Turnbridge Equities acquired Mutual Tower in June 2020, a 180,000 SF Class A office building located in Downtown Durham, primed for value-add lease up of vacant office space. PLANNING, DESIGN & DEVELOPEMENT Engaged Perkins & Will’s Durham office – an existing tenant in the building – to complete design work for a $20M value-add renovation, including a replacement of the HVAC system, full façade restoration, the addition of a fitness center, tenant lounge, and shared conference facilities. Turnbridge is also exploring developing a new lab or hybrid office building on the 1.5 acres of existing parking lots. LEASING, MARKETING & BRANDING Turnbridge launched a full re-branding of the building with a new leasing team. Signed Duke University to grow its presence in the building from two to three floors, with 80,000 SF of additional leasing inquiries to-date.

STRONG TENANCY

SECTION 6 – TEAM OVERVIEW

The Creamery | Raleigh, NC 1.74

ACRES

650,000 SQ FT

$275M

TOTAL CAPITALIZATION

Office & Multi-Family USE

The Creamery, a fully occupied, 82,000 SF historic office and retail building in Downtown Raleigh’s Glenwood South district, was acquired in March 2020 with up to 650,000 SF of development potential. PLANNING, DESIGN & DEVELOPEMENT Immediately upon closing, Turnbridge commenced efforts to rezone and redevelop the property, ultimately securing a unanimous rezoning for up to 40 stories of mixed-use within 10 months of acquisition. Following the successful rezoning, Turnbridge commenced pre-development of a 250,000 SF office building and 300-unit residential tower with construction expected to commence in 2022. The two-tower development will be among the tallest buildings in Raleigh, NC, at 20 and 35 stories that will cater to the population and job growth. The development includes ground level retail and pedestrian plazas. Renowned architecture firm Morris Adjmi, based in New York City, has led the design effort for Turnbridge, chosen for the project based on their experience in creating iconic redevelopments of historic properties – The Creamery will be Morris Adjmi’s first project in Raleigh, which Turnbridge believes will further distinguish the project as a best-in-class, trophy development in the Raleigh-Durham market.

LEASING, MARKETING & BRANDING Turnbridge will market the redevelopment to both regional and national tenants that are increasingly seeking the highly-educated workforce and low-cost work/life balance that Raleigh offers.

Thank you