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OFFICE DEVELOPMENT OPPORTUNITYSOUTH FLORIDA CLASS A OFFICES UPSCALE LIFESTYLE ENVIRONMENT

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Dania Pointe is a 102 acre premier mixed-use development with 900,000 square feet of retail and restaurants inaddition to Class A offices, hotels, luxury apartments with public event space. Dania Pointe’s accessibility fromInterstate 95 and immediate proximity to the Fort Lauderdale-Hollywood International Airport and the Port EvergladesCruise Port create an attractive office destination in Broward County.

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CONTACTS

Terry Salzman954.358.3910tsalzman@salzmanrea.com

Table of Contents

4-8 Development Overview

9-10 Development Opportunity

11 Dania Pointe Master Site Plan

12 Dania Pointe Proposed Office Layout

13 Dania Pointe Mass Office Study

14-15 Dania Pointe Conceptual Office Renderings

16-17 Office Market Overview

18-22 Area Overview

23-24 Why Kimco?

25 Useful Links

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DEVELOPMENT OVERVIEW

Unprecedented in size and scope in South Florida, Dania Pointe is a 102-acre mixed-use project, which in addition to506,000 square feet of office, incorporates 1,000 up-scale residential units, 900,000 square feet of lifestyle and nationalretail tenants, national and local fine dining and casual restaurants and entertainment venues and two nationally flaggedhotels – one high-end lifestyle brand and a second full-service hotel with a total of 350 keys.

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DEVELOPMENT OVERVIEW

Dania Pointe offers a central location between South Florida’s main office submarkets of the Fort Lauderdale CBD,Plantation and West Broward suburbs, Aventura, Boca Raton and Downtown Miami. Easily accessible within a 20-minute drive time to approximately 1 million South Florida residents via major highways (with HOV lanes). Dania Pointeis located within 1 mile of the Tri-Rail commuter rail line linking Miami-Dade, Broward and Palm Beach counties and ishighly visible and easily accessed with 1,700 feet of frontage directly on I-95, the major North-South thoroughfare on theeast coast of Florida.

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DEVELOPMENT OVERVIEW

Dania Pointe will be home to 506,000 to 1,000,000 square feet of prime, Class A office space and will compete favorablywith the Fort Lauderdale Central Business District offering competitive rates and much better access to I-95 and I-595.While demand in the eastern portions of South Florida is high, there are no large contiguous blocks of office spaceavailable anywhere in the metro area. Lack of new supply is increasing occupancy and rental rates. Dania Pointe will beone of the few ground-up office developments in the market. The Offices at Dania Pointe are well-positioned to takeadvantage of these ideal market conditions.

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DEVELOPMENT OVERVIEW

With employment growth at the highest ratein the State of Florida, Dania Pointe is theperfect setting for businesses that desire toattract and retain top talent from acrossSouth Florida. (Dania Pointe will offer officetenants a professional community in additionto two state-of–the art hotels, 600 luxuryrental apartments and 400 high-risecondominium residences suitable forexecutives and general office staff.)

Dania Pointe (Phase II) is defined by itsindoor-outdoor, open-air environment.Centered on a massive LED video screen,the hotel plaza offers a park-like gatheringplace for performances, special eventsand relaxation. Shops, restaurants, kiosksand entertainment venues line theperimeter. Everyone at Dania Pointe willenjoy premium shopping and a widevariety of dining experiences available ina seamlessly connected, walkableenvironment.

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Best-in-Class RetailApproximately 900,000 square feet of exciting shopping and dining options

2 MilesFrom Fort Lauderdale-Hollywood International Airport (FLL) – 26 million passengers

325,000+ cars per dayOn I-95 and 120,000 cars per day on I-595

1,700 Linear Feetof Frontage on I-95

All Aboard Florida Railroadwill provide fast, affordable transportation between Miami & Orlando

4 milesFrom Port Everglades Cruise Port – 2nd

busiest port in the US with more than 4 million passengers

Florida’s economy grew fasterthan the national average in 2015, with only 5 states performing better

Goods and services produced in Floridain 2014 increased 2.7 percent compared with 2.2 percent nationally

Job growthIn Broward County was +3.4% in 2014, compared to 1.9% nationally

The consumer reboundedFlorida outpaced the nation’s annual increase in personal consumption in 2014 – 4.9% vs. 4.2%

15 million visitorsCame to Greater Fort Lauderdale and Broward County in 2015, with 16 million expected in 2016

Within a 20-minute drive time 996,126 people, of which 466,187 have an average household income of $101,697

DEVELOPMENT OVERVIEW

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DEVELOPMENT OPPORTUNITY

DANIA POINTE(in process)

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DEVELOPMENT OPPORTUNITY

Purchase of individual land parcels available

DANIA POINTE is offering to sell one or more of the proposed office land parcels or create a development team to lease anddevelop the office parcels as Class A single-tenant or multi-tenant corporate or medical office buildings.

506,000 SF of office space is currently entitled with the City of Dania Beach under the PMUD ordinance and the relatedDevelopment Design Guidelines (“DDG’s”) approved for Dania Pointe. The 506,000 SF of office capacity is also part of anexisting approved perimeter plat to be recorded in Broward County, thereby requiring no additional approvals other thanspecific site plan approval from the City of Dania Beach for each of the office buildings. Dania Pointe will be providing waterand sewer connections to the site, and will be creating all of the storm drainage necessary for the initial office development.

Possible future approval of an additional 500,000 SF

The DDG’s approved by the City provides capacity for 1,000,000 SF of office use in Dania Pointe, which would thereby allowan additional 500,000 SF of future office development. To develop the additional square footage, there will need to be afuture traffic study and an amendment to the Plat Notes. Dania Pointe is currently working with the Broward MetropolitanPlanning Authority (“MPO”) to recommend to the Florida Department of Transportation (“FDOT”) that the ramps on I-95 atStirling Road and Griffin Road be upgraded, to create sufficient capacity to allow the additional 500,000 SF of office capacityalready allowed by the DDG’s.

Preliminary Site Plans and Renderings Attached

Included in this memorandum is a preliminary site plan and rendering, showing three initial buildings with separate pre-castparking structures. The preliminary site plan is for guidance only and will be subject to revision to accommodate anyparticular developer or user requirements. The site plan can be adjusted to change the size of the floorplates, heights of thebuildings or total GLA of each building. It is also possible to redesign the site plan to allow for parking within each individualbuilding to raise the height and visibility of the building and to add convenience to tenants.

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DANIA POINTE MASTER SITE PLAN

Retail HotelOffice Residential

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DANIA POINTE PROPOSED OFFICE LAYOUT

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DANIA POINTE MASS OFFICE STUDY

With its highly educated employee base, immediacy to outstanding educational institutions, access to major internationalmarkets by its proximity to the Fort Lauderdale International Airport, advantageous tax treatment, and a government thatencourages business development, Dania Pointe will be the ideal location for a corporate headquarters. According to theGreater Fort Lauderdale Alliance, there are more than 200 corporations currently headquartered in Broward County, making ita major business center.

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DANIA POINTE CONCEPTUAL OFFICE RENDERING

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DANIA POINTE CONCEPTUAL OFFICE RENDERING

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OFFICE MARKET OVERVIEW

Bank of America Plaza at Las Olas City Centre

401 E. Las Olas Blvd, Fort Lauderdale

Las Olas Centre350 E. Las Olas Blvd, Fort Lauderdale450 E. Las Olas Blvd, Fort Lauderdale

Dania Pointe offers a unique opportunity as post-recession development in South Florida has focused primarily onresidential rentals and condominiums, creating a lack of new office supply resulting in pent-up demand and rising rates onexisting product. Existing office occupancy rates are at an all-time high in South Florida with less than one million squarefeet (not including Dania Pointe) of new office currently planned in the Greater Fort Lauderdale area.

408,064 SF Class A Office BuildingSold for $220m or $539/SF on 9/2016

100% leased at time of saleBase Rent: $40 - $45 per SF

CAM: $16 per SF

Two Class A Office Buildings totaling 468,815 SFSold for $204m or $435/SF on 3/2014

93% leased at time of saleBase Rent: $35 - $40 per SF

CAM: $15 per SF

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OFFICE MARKET OVERVIEW

Icon Tower21291 NE 28th Avenue, Aventura

American Express1500 NW 136th Avenue, Sunrise

124,000 SF Proposed Class A Office Condo Building to begin construction December 2016

Delivers August 2018

Condos range from $476 to $750 per SF

Base Rent: $45 per SF

400,000 SF Class A Office Building currently under construction

Purpose built for American Express Headquarters

Delivers February 2017

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AREA OVERVIEW

Ideally located less than a five minute drive from the Ft. Lauderdale-Hollywood International Airport and within four miles ofPort Everglades.

FORT LAUDERDALE AIRPORT

Fort Lauderdale-Hollywood International Airport is one of the fastest-growing airports in the US. It is ranked as the 21st

busiest airport in the country and contributes $3.5 billion to the local economy. Airport traffic has grown steadily from 6

million annual passengers (MAP) in 1980, to 16 million annual passengers in 2000, to more than 26 million passengers

today. By 2020, Ft. Lauderdale-Hollywood International airport is projected to handle 36 million passengers annually.

The airport is in the midst of a $2.3 billion capital improvement project. The most ambitious project involved a $791 million

expansion of the airport’s runway. This project is forecast to create more than 11,000 construction jobs. Also included is a

six-year, $450 million expansion of its international terminal, which is intended to help foster international traffic growth.

There are also a collection of other projects that will help modernize and foster growth for the airport.

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PORT EVERGLADES

Port Everglades is ranked as the second busiest cruise

port in the world. The Port generates more than $29 billion

to the local economy and more than 226,000 jobs are

impacted by the Port. Port Everglades is a top-tier cruise

port that services almost 4 million passengers a year,

representing a significant percentage of the weekend air

travel into Fort Lauderdale Airport. It is also home to two of

the largest cruise ships in the world. Along with the Port of

Miami to the south, Port Everglades is taking major steps

to modernize itself for the future and the widening of the

Panama Canal. Port Everglades is undergoing

monumental capital improvements of $1.6 billion to

improve productivity. It’s 20 year Master Vision Plan was

approved in June of 2014 and will result in over 150,000

new jobs statewide.

AREA OVERVIEW

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AREA OVERVIEW

Greater Ft. Lauderdale / Broward County has experienced tremendous growth over the past several years, ranking second inyear-over-year employment increase among all 32 metropolitan areas in the nation in 2014, according to the U.S.Department of Labor. Over 21 companies either relocated to or expanded in Broward in 2014, adding hundreds of jobs andmillions of dollars in salaries and capital investment. Employers such as American Express, Magic Leap, Chiquita Brands andothers are taking advantage of the skilled and multi-lingual workforce and link to Latin America to relocate or increase theirpresence in the area.

ECONOMYFort Lauderdale has grown from a small suburb of Miami to alarge regional employment center. Fort Lauderdale is a rich blendof corporate and regional headquarters, small businesses, andinnovative startup companies. There are economic opportunitiesfor all types of companies and businesses. Fort Lauderdale has astrong finance and professional/business services component inits economy. Fort Lauderdale’s economy has improved since theGreat Recession, and employment is projected to grow by anaverage of 2.4 percent per year over the next five years.

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AREA OVERVIEW

BROWARD COUNTY OVERVIEWBroward County has a population of approximately 1.9 million people and is broken into eight submarkets according to CBREEconometrics. According to the Bureau of Labor Statistics, through December 2014, Broward added 28,600 jobs over theprevious year. The unemployment rate in December 2014 dropped 30 basis points from November to 4.5%. Broward’s jobgrowth is just behind Orlando in the hierarchy of Florida’s large metro areas. Strong job growth has been seen in residentialconstruction and governmental positions with no sectors losing jobs in December. Broward’s neighbor, Miami-Dadecontinues to force spillover growth into the county with its international tourism and housing. Additionally, as Miami becomesa pricier tourist destination, Fort Lauderdale is poised to benefit as the more affordable alternative. A bevy of constructionprojects and spillover growth from Miami will enable Broward County to outpace the nation in the near term. Proximity toMiami will also be an asset in the long term, as will robust tourism, above-average population gains and steadily increasinginternational trade.

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AREA OVERVIEW

The South Florida TechGateway, a public/private collaboration, will solidify South Florida as one of the world’stechnology centers of excellence by branding, developing and attracting globally-recognized talent,entrepreneurs, educators and capital investors. As the birthplace of the first IBM personal computer, the firstsmartphone and more; the South Florida TechGateway will build upon its rich history of innovation andtransformational technology.

South Florida TechGatewayBrand, Recruit, Grow and Retain the Information

Technology Business in South Florida

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USEFUL LINKS

Dania Pointe City of Dania Beach

Dania Beach CRA

Office of Economic & Small Business Development Greater Ft. Lauderdale Alliance

Dania Beach Chamber of Commerce

Ft. Lauderdale‐Hollywood Airport Port Everglades

Greater Ft Lauderdale Convention & Visitors Bureau

TechGateway