INVESTMENT SALE 5209 Center Street Williamsburg, Virginia...management, and project economics—begins at the intersection of community, creativity, and client relationships Founded:

Property Features

• Three office Condominiums totaling ±19,238 square feet within the WEG Building.

• Built in 2006, the WEG Building is located on the corner of New Town Avenue and Center Street in the heart of the New Town “town center.”

• New Town is a ± 365 acre mixed-use development centrally located at the intersection of Monticello Avenue and Route 199 in Williamsburg, Virginia.

• Direct access to I-64 via Route 199.

Robert J. Singley, Jr. CCIM Commercial Real Estate Brokerage

(757) 229-3139Fax (757) [email protected]

423 N. Boundary Street, Suite 200Williamsburg, VA 23185www.rjsassocs.com

INVESTMENT SALE 5209 Center StreetWilliamsburg, Virginia

Price

Net Operating Income

Cap Rate

Single Tenant

$3,550,000

$307,000

8.6%

Stantec Inc.

2% annuallyRent Increases

January 31, 2024Lease Expiration

Two 5-YearRenewal Options

Net of Utilities / JanitorialLease Type




• Founded in 1954.

• Stantec, Inc. acquired Williamsburg Environmental group in January 2014. Williamsburg Environmental Group leased the WEG Building since 2006.

• Stantec, Inc. has leased the WEG Building since January 2014. They recently exercised an option to extend the lease term for one (1) additional five (5) year period, beginning on February 1, 2019.

• Stantec, Inc. recently exercised an option to extend the lease term for one (1) additional five (5) year period, beginning on February 1, 2019.

• Over 15,000 employees throughout 250 locations.

• Trades in TSX and the NYSE under the symbol of STN.


Stantec Inc.

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Leadership:Bob Gomes—President & CEORich Allen—Executive Vice President & COODan Lefaivre—Executive Vice President & CFOPaul Allen—Executive Vice PresidentCarl Clayton—Executive Vice President Tino DiManno—Executive Vice PresidentSteve Fleck—Executive Vice PresidentGord Johnston—Executive Vice PresidentKirk Morrison—Executive Vice PresidentScott Murray—Executive Vice PresidentEric Nielsen—Executive Vice PresidentBob Seager—Executive Vice PresidentStanis Smith—Executive Vice President

Rankings: No. 1 Top 300 Architecture/Engineering Firms (BD+C, 2015)No. 2 Top 130 Green Building Architecture Firms (BD+C, 2015)No. 6 Top 100 Pure Designers (ENR, 2015)No. 10 Top 89 International Architecture Firms (BD+C, 2014)No. 17 Top 150 Global Design Firms (ENR, 2015)No. 17 Top 100 Green Design Firms (ENR, 2015)No. 18 Top 200 Environmental Firms (ENR, 2015)No. 19 Top 500 Design Firms (ENR, 2015)No. 19 Top 225 International Design Firms (ENR, 2015)No. 44 Top 50 Program Management Firms (ENR, 2015)No. 83 Top 100 Construction Management-for-Fee Firms (ENR, 2015)

One of Canada’s Top Employers for Young People (2014)One of Canada’s Greenest Employers (2014)One of Canada’s Best 50 Corporate Citizens (2013)Alberta’s Top 65 Employers (2014)No. 23 Top 31 Best Places to Work in Atlantic Canada (2014)

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Regions:

We are StantecWe’re active members of the communities we serve.That’s why at Stantec, we always design with community in mind.

The Stantec community unites more than 15,000 employees working in over 250 locations. We collaborate across disciplines and industries to bring buildings, energy and resource, and infrastructure projects to life. Our work—professional consulting in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics—begins at the intersection of community, creativity, and client relationships

Founded: 1954 Ownership: Publicly Owned Stock Exchange: NYSE/TSX: STN Gross Revenue: CDN $2.5 Billion (2014)

Corporate Headquarters: 10160 – 112 Street, Edmonton, Alberta, Canada, T5K 2L6

AirportsAttractions, Arts & EntertainmentBridgesCommercialCommunity DevelopmentCommunity FacilitiesEducationFederal GovernmentHealthcareIndustrial BuildingsMining

Municipal GovernmentOil and GasPower and EnergyPublic SafetyRoadwaysScience & TechnologySports and RecreationState/Provincial GovernmentTransit & RailWater

Alberta Central & Territories Alberta SouthAlberta NorthAmericas British Columbia California South Eurasia Gulf Manitoba Mid-AtlanticMidwest New Brunswick & P.E.I.

New England Nova Scotia & Newfoundland Ontario GTA Ontario North & East Ontario Southwest Pacific North Quebec Saskatchewan SoutheastSouthwest Tri-State

Environmental Services We’ve got the environment down to a science

Every interaction with the environment has an impact - we help make it a positive one.Environmental considerations are often the first hurdle to overcome in the success of a project. At Stantec, we know why the project should be completed. And we know where the stumbling blocks will be. We excel at finding ways to match requirements with project goals. When our clients partner with the environment, we help them get it done more easily, more efficiently, and with lasting benefit. Stantec has worked for decades alongside public and private entities under a team approach to help craft creative, cost-sensitive, and environmentally sound solutions that work for our clients, stakeholders, and regulatory agencies.

• Wetlands and Ecology – Wetland delineation and mapping – Habitat evaluation – Environmental impact assessment – Environmental constraints analysis – Resource protection area delineations – Threatened and endangered species surveys – Forest stand delineations – Ecosystem, habitat, and vegetation assessments

• Water Resources Engineering – Water quality impact assessments – Stormwater management planning and design – Erosion and sediment control design – Low Impact Development (LID) design – Environmental Site Design (ESD) – LEED coordination – Hydrologic and hydraulic modeling/analysis – Drainage design – Watershed planning – Shoreline stabilization – Floodplain modeling and mapping – Dam safety permitting

• Regulatory Permitting – Wetland identification and classification – Environmental constraints analysis – Local, state, and federal permit support – Wetland and stream mitigation – Compliance

• Stream Restoration – Habitat assessments – Watershed studies – Conceptual and preliminary design – Rosgen stream classifications – Riparian corridor evaluations – Channel stability evaluations – Drainage analysis – Macro invertebrate analysis

• Wetland Mitigation – Site feasibility studies – Mitigation banking development – Engineering design documents – Construction administration and management – Bid document preparation – Planting, monitoring, and reporting – Construction inspections

OUR EXPERTISE

Dominion Virginia Power Environmental On-Calls, Virginia and North CarolinaClient: Dominion Virginia Power (DVP)Description: Stantec is currently providing DVP programmatic environmental support services through multiple Master Services Agreements. Over the past 20 years, Stantec has executed hundreds of projects across thousands of miles for DVP. Tasks include desktop environmental reviews, analysis of routing alternatives, wetland delineations and confirmations, cultural resource investigations, endangered species surveys and coordination, Section 404/401 permitting, tidal wetlands permitting, regulatory support and strategy, agency coordination, mitigation planning for wetland impacts, construction access identification and permitting, traffic control planning, erosion and sediment control plan preparation, stormwater planning and permitting, graphical product support, environmental compliance inspections, right-of-way rehabilitation, and vegetation management.

Dare Elementary Water Resources, VirginiaClient: County of YorkDescription: The Dare Elementary School Watershed is drained by an unnamed tributary in York County, Virginia. The area is low lying and highly urbanized with limited stormwater management controls, resulting in significant stream channel degradation and overall water quality impairment. Stantec worked closely with the County and identified several potential retrofits that include a combination of stream restoration activities, as well as numerous stormwater best management practices (BMPs) through a detailed planning process.

Innisfree Village Mitigation Bank, VirginiaClient: Innisfree Stream Mitigation BankDescription: All of Stantec’s core values were illustrated when we stepped in to help a local non-profit founder and Board of Directors find a creative use for their land that satisfied their charitable goal. When the owner of Innisfree Village Farm wanted to create a source of income to allow adults with intellectual disabilities to live in a productive, empowering, interdependent, and therapeutic environment, he turned to Stantec. Stantec staff helped to create a unique financial mechanism (mitigation bank) to fund an endowment and create scholarships to those in financial need. After reviewing the feasibility of various locations on the property, Stantec staff entitled a mitigation bank that provides future income to sustain this fully licensed, residential, lifesharing community model.

APM Marine Terminal Regulatory Strategy, Virginia Client: APM Terminals North America Description: This project involved the creation of a private, state-of-the-art marine terminal on a 570-acre parcel located along the Elizabeth River in Hampton Roads, Virginia. The project involved overall environmental assessment, permitting support, wetland delineation, and mitigation feasibility and design for impacts to 189 acres of submerged bottomland and over 23 acres of jurisdictional wetlands including the dredging of 10.3 million cubic yards of material to support Suezmax vessels. While perhaps the largest single private permit action in Virginia history, the project was permitted within 12 months without the need for a formal Environmental Impact Statement. Pr

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• over 2,500 environmental services professionals

• covering 20 environmental technical specialities

• multitude of states (over 40 from coast to coast) and countries (including Canada, England, and the United Arab Emirates)

• dozens of industries from private developer to municipalities

• over 8,000 active environmental services projects

• more than 1,500 engineers in the U.S.

Stantec Fast Facts

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Sources: ENR: enr.com; BD + C: www.bdcnetwork.com; Best Places to Work Atlantic Canada: www.bestplacestoworkatlantic.com

Engineering News Record (ENR)Global

• No. 17 Top 150 Global Design Firms (July 2015)

Green• No. 4 Top 5 by Sector—Educational Facilities (August 2015)• No. 5 Top 5 by Sector—Retail (August 2015)• No. 17 Top 100 Green Design Firms (August 2015)

International• No. 5 Top 10 by Region—United States (July 2015)• No. 8 Top 10 by Market—Building (July 2015)• No. 9 Top 10 by Market—Hazardous Waste (July 2015)• No. 9 Top 10 by Market—Sewer / Waste (July 2015)• No. 9 Top 10 by Market—Water (July 2015)• No. 19 Top 225 International Design Firms (July 2015)

Environmental• No. 6 Top 10 by Market Segment—Environmental Science (August 2015)• No. 9 Top 10 by Type of Work—Consulting/Studies (August 2015)• No. 10 Top 20 Working in Non-US Locations (August 2015)• No. 16 Top 20 by Market Segment—Wastewater Treatment (August 2015)• No. 17 Top 20 by Market Segment—Water Treatment/Supply (August 2015)• No. 18 Top 200 Environmental Firms (August 2015)• No. 20 Top 20 by Market Segment—Hazardous Waste (August 2015)

Design• No. 6 Top 100 Pure Designers (May 2015)• No. 10 Top 20 by Sector—Transportation (May 2015)• No. 10 Top 20 by Sector—Water (May 2015)• No. 13 Top 20 by Sector—General Building (May 2015)• No. 14 Top 20 by Sector—Sewer and Waste (May 2015)• No. 19 Top 500 Design Firms (May 2015)• No. 20 Top 20 Combined Design and CM/PM Professional Service (June 2015)

CM-for-Fee• No. 44 Top 50 Program Management Firms (June 2015)• No. 83 Top 100 Construction Management-for-Fee Firms (June 2015)

Building Design + Construction (BD+C)• No. 1 Top 300 Architecture/Engineering Firms (July 2015)• No. 1 Top 115 Government Sector Architecture Firms (July 2015)• No. 1 Top 58 Industrial Sector Architecture Firms (August 2014)• No. 1 Top 135 Reconstruction Sector Architecture Firms (July 2015)• No. 1 Top 65 State Government Sector Architecture Firms (September 2014)• No. 2 Top 130 Green Building Sector Architecture Firms (July 2015)• No. 2 Top 115 Healthcare Sector Architecture Firms (July 2015)• No. 2 Top 95 Local Government Sector Architecture Firms (September 2014)• No. 3 Top 100 K-12 School Sector Architecture Firms (July 2015)• No. 3 Top 57 Science & Technology Sector Architecture Firms (August 2014)• No. 4 Top 135 Office Sector Architecture Firms (July 2015)• No. 4 Top 110 University Sector Architecture Firms (July 2015)• No. 5 Top 10 Retail Sector Architecture Firms (July 2015)• No. 6 Top 34 Air Terminal Sector Architecture Firms (August 2014)• No. 6 Top 130 BIM Architecture Firms (July 2015)• No. 6 Top 59 Sports Facility Architecture Firms (August 2014)• No. 7 Top 57 Federal Government Sector Architecture Firms (September 2014)• No. 10 Top 89 International Architecture Firms (September 2014)• No. 11 Top 48 Religious Architecture Sector Firms (September 2014)• No. 12 Top 31 Convention Center Architecture Firms (August 2014)• No. 14 Top 31 Data Center Architecture Firms (July 2015)• No. 14 Top 95 Multifamily Sector Architecture Firms (July 2015)• No. 14 Top 32 Transit Facility Sector Architecture Firms (September 2014)• No. 21 Top 72 Cultural Facility Architecture Firms (August 2014)• No. 23 Top 38 Courthouse Sector Architecture Firms (September 2014)

Other• One of Canada’s Top Employers for Young People (2014)• One of Canada’s Greenest Employers (2014)• One of Canada’s Best 50 Corporate Citizens (2013)• Alberta’s Top 65 Employers (2014)• No. 23 Top 31 Best Places to Work in Atlantic Canada (2014)

We are driven to achieveStantec’s top rankings

Achievement at every level begins and ends with a firm commitment to being the best we can be. We are committed to becoming and remaining a top 10 global design firm. It’s an ambitious goal, but it’s one we take seriously. Here’s how we rank amongst peer organizations, nationally and internationally:





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Documents

INVESTMENT SALE 5209 Center Street Williamsburg, Virginia...management, and project economics—begins at the intersection of community, creativity, and client relationships Founded: