: : James R. Morris Senior Vice President 615.248.3500 jim.morris@cbre.com

: : Paul Gaither Senior Vice President

615.248.1161 paul.gaither@cbre.com

coRneR of MuRfReesboRo Road & hobson P ike/old h ickoRy blvd.

nashvi l le , Tn 37013

Quality Nashville Land Opportunity

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Executive Summary

Demographics

Investment Highlights

Proposed Site Plan

Location Map

Property Overview

Traffic Counts Map

Market Overview

Confidentiality Agreement

Table of conTenTs

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ExEcutivE Summary

CB Richard Ellis has been retained as the exclusive listing agent for Starwood Commons,

a commercial and residentially zoned development site in Nashville’s highest growth

corridor. Located at the southern quadrant of Murfreesboro Road and Hobson Pike,

the site consists of approximately 65 acres with approved zoning for up to 421,500

square feet of commercial space and 250 residential units.

The property is well-known in the Nashvile metropolitan area because it is the former

Starwood Amphitheatre. The complex operated for over 20 years and was Nashville’s

premier outdoor live entertainment venue up until 2007. The property is now available

to be developed into a quality project, featuring both anchored retail and a residential

community that will compliment the overall area.

Quality NashvilleLand Opportunity

Demographics 1-mile 3-mile 5-mile

Population (2008 est.) 1,463 35,290 101,581

avg. HH income (2008 est.) $62,933 $61,981 $59,813

Population (2013 est.) 1,760 39,356 113,215

avg. HH income (2013 est.) $67,897 $66,293 $63,824

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invesTMenT hiGhliGhTs

high Growth area

The population has grown over 60% in a one-mile

radius within the last eight years. The southeastern

Nashville to Murfreesboro, Tennessee corridor has

easily had the most growth in the market over the last

decade, and it continues to be the leader in new home

construction permits.

Well-known location

The site is well-known throughout the Nashville

metropolitan area because it was home to Starwood

Amphitheatre for over 20 years. It is currently branded

as Starwood Commons and is a highly recognized

location in the market.

Major intersection

Starwood Commons is located at the high-traffic

intersection of Murfreesboro Road and Hobson Pike.

Murfreesboro Road is a primary thoroughfare that

connects the entire southeastern corridor from Nashville

to the city of Murfreesboro. It parallels Interstate 24

and is a four-lane highway. Hobson Pike is a primary

crossroad for Murfreesboro Pike and is an extension of

Old Hickory Boulevard’s intersection with Interstate 24.

Hobson Pike also features the only bridge that crosses

Percy Priest Lake - approximately three miles northeast

of the site - and is very important to traffic movement in

the area.

civic advantage

There are currently four key public schools within a one-mile radius of the site. Mt. View Elementary is

directly across Murfreesboro Road from the site. Antioch High School - featuring the highest enrollment of

any public school in Nashville - is east of the site on Hobson Pike, along with J.F. Kennedy Middle School.

Cane Ridge High School was recently built and is southwest of the site on Hobson Pike, close to Interstate

24. The area will remain heavily traveled due to these schools, which will also continue to spur commercial

and residential development in the immediate area.

close Proximity to interchange city

The site is near Nashville’s largest industrial submarket - Interchange City. This particular market consists of

over 50 million square feet of industrial space and provides jobs to many residents in the area.

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PRoPosed s i Te P lan

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location: Corner of Murfreesboro Road & Hobson Pike/Old Hickory Blvd.Nashville, TN 37013

site area: Commercial 44.50 AcresResidential 22.50 AcresTotal 65.00 Acres

access: Three points of access on Murfreesboro Road;Four points of access on Old Hickory Blvd.

utilities: All available to site

Zoning: The Starwood Commons development site has received an “SP” or Special Purpose zoning classification that allows up to 421,500 square feet of retail/commercial property and 250 residential units.

flood Zone: Area is outside the flood zone FEMA Map and Date 47037C0386F 4/20/2001

PRoPeRTy oveRv ieW TRaff ic counTs MaP

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market overview Nashville market

The Nashville metropolitan area is the largest in a five

state region that includes Tennessee, Alabama, Kentucky,

Mississippi and Arkansas. Nashville is consistently ranked

as one of the top U.S. markets in terms of investment

opportunities, diversity of the local economy, employment

and quality of life. Over the past decade Nashville has

experienced tremendous increases in employment,

population and income growth. Nashville’s population

exceeds 1.4 million and is expected to grow 7% in the next

four years.

The Nashville economy is one of the most diverse in the

U.S. with major employers in healthcare, manufacturing,

automotive and entertainment sectors. The city is home

to 18 colleges and universities, including the prestigious

Vanderbilt University, with total enrollment of more than

46,000 students. This leads to a well-trained job force,

which contributes to an already favorable business

environment.

Nashville’s diverse economy, strong educational and

cultural amenities, strategic location and excellent

transportation system combine to make Nashville a

desirable business location, primed for continued economic

growth.

Tennessee is accredited for being ranked 2nd in the country

for “Top State Business Climate” (Site Selection, November

2008).

Lavergne / rutherford County market

Rutherford County is one of the nation’s fastest growing counties, according to the U.S. Census

Bureau (March 2008). One of the fastest growing areas in the county is the town of LaVergne. It

is located in the geographic center of Tennessee in the southeast quadrant of the Nashville MSA,

approximately 25 miles from Nashville’s central business district. Also located within close proximity

of the Starwood Commons site is the city of Smyrna. It is home to the Nissan automotive plant and

employs over 5,000 people.

Murfreesboro is considered the county seat of Rutherford County, and is now the sixth largest city

in the state. The city is located less than 20 miles south of the property, and is home to MTSU, the

third largest university in Tennessee with an enrollment of over 19,000. The college offers degree

programs at both the graduate and undergraduate levels.

According to a recent article in Forbes (March 2008), the Nashville-Davidson-Murfreesboro MSA

ranks 15th on the list of “Best Places for Business and Careers”.

8

This is a confidential Memorandum intended solely

for your limited use and benefit in determining

whether you desire to express further interest in

the acquisition of the Starwood Commons site

(“Property”).

This Memorandum contains selected information

pertaining to the Property and does not purport

to be a representation of the state of affairs of

the Owner or the Property, to be all-inclusive or

to contain all or part of the information which

prospective investors may require to evaluate a

purchase of real property. All financial projections

and information are provided for general reference

purposes only and are based on assumptions

relating to the general economy, market

conditions, competition and other factors beyond

the control of the Owner and CB Richard Ellis.

Therefore, all projections, assumptions and other

information provided and made herein are subject

to material variation. All references to acreages,

square footages, and other measurements

are approximations. Additional information

and an opportunity to inspect the Property will

be made available to interested and qualified

prospective purchasers. Neither the Owner or

CB Richard Ellis, nor any of their respective

directors, officers, affiliates or representatives

are any representation or warranty, expressed

or implied, as to the accuracy or completeness

of this Memorandum or any of its contents, and

no legal commitment or obligation shall arise

by reason of your receipt of this Memorandum

or use of its contents; and you are to rely solely

on your investigations and inspections of the

Property in evaluating a possible purchase

of the real property.

The Owner expressly reserved the right, at its

sole discretion, to reject any or all expressions of

interest or offers to purchase the Property, and/

or to terminate discussions with any entity at any

time with or without notice which may arise as a

result of review of this Memorandum. The Owner

shall have no legal commitment or obligation to

any entity reviewing this Memorandum or making

an offer to purchase the Property unless and

until written agreement(s) for the purchase of the

Property have been fully executed, delivered and

approved by the Owner and any conditions to the

Owner’s obligations therein have been satisfied

or waived.

By receipt of this Memorandum, you agree

that this Memorandum and its contents are of

a confident nature, that you will hold and treat

it in the strictest confidence and that you will

not disclose this Memorandum or any of its

contents to any other entity without the prior written

authorization of the Owner or CB Richard Ellis. You

also agree that you will not use this Memorandum

or any of its contents in any manner detrimental to

the interest of the Owner or CB Richard Ellis.

In this Memorandum, certain documents, including

leases and other materials, are described in

summary form. These summaries do not purport to

be complete nor necessarily accurate descriptions

of the full agreements referenced. Interested parties

are expected to review all such summaries and other

documents of whatever nature independently and

not rely on the contents of this Memorandum in

any manner.

If after reviewing this Memorandum, you

have no further interest in purchasing the

Property, kindly return this Memorandum to

CB Richard Ellis.

conf idenT ial i Ty aGReeMenT

: : James R. Morris Senior Vice President 615.248.3500 jim.morris@cbre.com

: : Paul Gaither Senior Vice President

615.248.1161 paul.gaither@cbre.com

9

cb R ichaRd ell i s | e xc l u s i ve agen t s

: : James R. Morris Senior Vice President 615.248.3500 jim.morris@cbre.com

: : Paul GaitherSenior Vice President 615.248.1161 paul.gaither@cbre.com

exclusively Marketed by:

Private client Group nashville Retail

150 4th Avenue, NorthSuite 2110Nashville, Tennessee 37219

www.cbre.com

www.StarwoodCommonsSite.com For more information on the Starwood Commons property, please visit our website at:

© 2009 CB Richard Ellis, Inc. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only a and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. © CB Richard Ellis, Printed in USA, 02/2009