2906-2990 Executive Way - 2900 Building - MPC 16A - Miramar Park of Commerce(cont'd)

newest addition to the Park is a 30 acre parcel on the eastern border of Phase IV. This parcel is an excellent choice for Build-To Suit industrial users. Gannett Satellite Information Network, Inc. was the first company to locate in the park. They began publishing and distributing USA TODAY at this location on September 4, 1985.

The Park's second customer, Keebler Cookie Company, took occupancy of a 37,000 square foot freestanding distribution building in November 1986. Sunbeam has also built and leased facilities to American Express, DHL, Premier Beverage, and AT&T (now Avaya) to name a few. SmithKline Beecham (now Quest Diagnostics) built 80,000 square foot clinical laboratory on an 8.5 acre site they purchased at the Park and FedEx is in an owner-occupied 62,000 square foot facility. Nissan, Neiman Marcus, Caterpillar and Honeywell are other notable tenants at the Park.

In other land sales, JC White occupies an 85,000 square foot office and furniture distribution facility. The Park is also home for the offices of SchwebkeShiskin and Associates, Elite Aerospace, Beghelli and Trial Graphix.

Additionally, the Park has twenty-seven speculative office/distribution building complexes: MPC-1 thru MPC-27, totaling 3.4 million square feet. These multi-tenant buildings are home to a number of national and local companies including health-care companies South Broward Hospital District, GE Healthcare, Aveva, Altor Bioscience, OPKO and Apria to name a few. Other companies include Siemens, Toyota/Lexus, ADT, Trane and Tropical Financial Credit Union.

Sunbeam has completed its most recent speculative project, MPC-27. It is an 88,000 square foot, state-of-the-art distribution building which was 100% leased at completion. The project is located on Premier Parkway.

Sunbeam continues to believe in the long term strength of the South Florida market. Construction has commenced on MPC-28, a new 80,000 square foot distribution building which is slated for completion during the 3rd quarter 2013. Additionally, we are in for permit on an additional ±145,000 square feet of flex/office space: MPC-25, a 3-building complex.

Sunbeam owns and develops real estate in Florida, Indiana and California. It is a subsidiary of Sunbeam Television, which owns and operates WSVNTV - the FOX affiliate in Miami, Florida and WHDH-TV - the NBC affiliate, and the CW affiliate in Boston, Massachusetts.