10901-10981 Marks Way - MPC 26A - Miramar Park of Commerce(cont'd)

The Miramar Park of Commerce (MPC) is a campus-type light industrial park in Southwest Broward County fronting the Florida Turnpike one mile east of the Red Road Interchange. Planned to contain 6 million square feet of space at build-out, the Park consists of 540 acres in five phases and currently is home over 4. million square feet of office/service, laboratory, pharmacy, light manufacturing and distribution space. Filled and improved retail/outlot sites are available for sale or lease.

Phase I encompasses 80 acres and was platted in late 1984. Construction of roads, utilities and landscaping began in January 1985. Phase II's 80 acres of infrastructure was completed in the summer of 1989. Sites in Phase IIA, which contains 30 acres, became available in 1991. Phase III of the Park has been developed and added approximately 140 acres to MPC. The first half of Phase III was completed in September, 1997 and the second half of Phase III broke ground in the 3rd quarter of 1998. Phase IV added 64 acres and broke ground in mid 1998 on the east side of Palm Avenue along the Florida Turnpike. It was completed in 2001. Phase V broke ground in late 2001 and construction of the 1st building was completed in July, 2002. The 2nd building was recently completed.

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 free standing distribution building in November, 1986. Sunbeam has also built and leased facilities to American Express, DHL and AT&T (now Avaya). 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, Airborne Express/DHL 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, Federal Express, Elite Aerospace and Trial Graphics.

Additionally, the Park has twenty-four speculative office/distribution building complexes: MPC-1 thru MPC-24, totaling 3.8 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, Aveva, HeartWear, Sunol Molecular and Apria to name a few. Other companies include ABB, Tropicana, Trane and Tropical Financial Credit Union.

The latest speculative project, MPC-23A and B, is a two-building complex containing a 50,000 square foot building (MPC-23A) and a 72,000 square foot building (MPC-23B). The project is located on Enterprise Way and was completed in late 2005.

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 in Boston, Massachusetts.

Major Park Tenants Include: American Express Avaya

Location: The Grove at Miramar- Bld 1- BTS Southwest Broward Cluster Southwest Broward Submarket Broward County Miramar, FL 33025

ForeFront Commercial Landlord Rep:

Developer: Management: Recorded Owner: Miramar Square LlcElit LLC

Expenses: 2016 Tax @ $7.10/sf

Parcel Number: 51-40-25-01-0025

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