NEW SUPPLY, ABSORPTION AND VACANCY RATES

SUBMARKET REPORTATLANTA

www.colliers.com/atlanta

MARKET INDICATORS

Q42010

NEXTQTR

VACANCY

NET ABSORPTION

CONSTRUCTION — —

RENTAL RATE

Q4 2010 | 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

4Q09 1Q10 2Q10 3Q10 4Q10

8%

10%

12%

14%

16%

18%

Absorption Deliveries Vacancy

Total SF 91,256,922

Vacancy Rate 15%

YTD Net Absorption 704,766

YTD Deliveries 0

Under Construction 0

Avg. Warehouse Rate $2.81 NNN

Source: CoStar Property

UPDATE Recent Transactions in the Market

SALES ACTIVITY

PROPERTY ADDRESS SALE PRICE SIZE SF PRICE / SF BUYER

6047,6049 Fulton Ind. Blvd. $7,810,000 410,806 $19.01 KTR Capital Partners6355 Boat Rock Blvd. $4,485,100 296,260 $15.14 CalSTRS/Panattoni JV3451 Atlanta Ind. Hwy. $4,425,000 118,439 $37.36 MDH Partners6057,6073 Boat Rock Blvd. $2,627,700 154,821 $16.97 Blackstone Real Estate

LEASING ACTIVITY

TENANT PROPERTY ADDRESS SIZE SF TYPE

New Breed Logistics 1700 Westgate Pky. 231,885 Warehouse Renewal

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

Decoma International 100 Performance Way 104,171 Warehouse Lease

Robina Floors 825 Great SW Pkwy. 71,542 Warehouse Lease

• I-20 West/Fulton Industrial led the Atlanta industrial market in positive absorption for fourth quarter. Over 1 million square feet was absorbed in the three month period. The largest contributor to this positive occupancy was MedLine Industries which moved into 593,404 SF.

• Though industrial absorption in I-20 West/Fulton Industrial fi nished the year positive, demand for space in the submarket remains tepid. The industrial market as a whole is expected to begin recovering in 2011, however, the I-20 West/Fulton Industrial market will see only a handful of the largest deals in the year.

• The overall average rental rate for industrial space in the submarket is second lowest in Atlanta. Shallow-bay product in I-20 West/Fulton Industrial is the most aff ordable in the city at $2.70/sf.

Squa

re F

eet

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.

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)

1 120 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

FOR SALE

# PROPERTY SF AVAIL. BROKER(S)

5 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

MARKET REPORT | Q4 2010 | ATLANTA INDUSTRIAL | I-20W/FULTON INDUSTRIAL