Foundry Raleigh_Office LL Advisory

PA T R I C K B L A C K L E Y

LANDLORD ADVISORY

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D

COMM Y R N JANE DOGGE T T, CCIM

AL

FOU

R

CI

YO U R TEAM YOUR OFFICE LEASING TEAM

Jane Dogget t, CCIM Market Leader, Par tner

Patrick Blackley Senior Vice President

Meghan Hurley Marketing & Brokerage Associate

C R E AT I V E AND MARKETING

Deanna Connolly Senior Marketing Team Lead

2

Jon Masterson Graphic Design Manager

TEAM DEPTH Mark Holoman Carolinas Leadership

Jim Hayden Real Estate Solutions Corporate Ser vices

Bob Chase Maxis Incentives and Site Selection

Zane Henderson Research and Analytics

Blake R. Thomas Investment Advisor y Group

Dave Kafel Project Management

Lisa Lewis Proper t y Management

Andrew Sineni User Development Ser vices

JANE DOGGET T, CCIM

Jane leads the Raleigh Foundry Office and has over 20 years of Landlord Representation experience.

• 28 year CRE Veteran strategically connected in the community, economic development, site consultants, chambers of commerce & industry organizations • Over 685 lease transactions totaling over $1 billion in lease revenue • Former Director of Leasing for Highwoods Properties and Senior Director, Leasing for Longfellow Real Estate Partners • Proven expertise in leasing of existing, built-to-suit, and speculative development projects, as well as skilled in asset repositioning to maximize value and accretive returns

MARKET LEADER, PARTNER

PATRICK BLACKLEY

With more than 19 years of commercial real estate experience, Patrick is recognized for his in-depth knowledge of the Raleigh-Durham market and his ability to help clients navigate the complexities of the Triangle’s commercial real estate landscape. Since joining Foundry Commercial in 2019, Patrick has completed: • 2.5+ million square feet of lease transactions • $265+ million in total lease transaction value • $35+ million in investment sales transaction value • $300+ million in total transaction value

SENIOR VICE PRESIDENT

RECENT AWARDS Top Office Lease Transaction SPACE AWARDS Top Retail Lease - Echo Park Top Flex Lease Transaction Humacyte – 1st Place Scynexis – 3rd Place Top Land Sale

Deutsche Bank MetLife Duke University 40 Under 40 + Women to Watch in Real Estate 2024 Women in Business Award National Presidents Award

Triangle Brick Top Life Science/Industrial Transaction Argos

CREW Network National Award for Community Impact

Extreme Networks Cadence Design CoStar Top 5 Office Power Broker CoStar Top 20 Power Broker

“

I HAD THE PLEASURE OF WORKING ALONGSIDE JANE DOGGETT FOR OVER 15 YEARS IN THE RALEIGH DIVISION OF HIGHWOODS PROPERTIES. During those years, Jane leased millions of square feet of second generation office, led a couple of build-to-suits/pre -lease projects, and grew to be one of the most experienced, collaborative, well-connected dealmakers in the Raleigh market . While I was given the privilege of serving at the Vice President/Division Head of the Raleigh office, I was very much appreciative of the collaborative, yet ‘take -charge’ role that Jane assumed in making office deals in the market. She needed very little oversight, as she was self-driven to succeed. Because of her leadership, Highwoodswas fortunate to enjoy one of its most successful 15-year runs as an office developer in Raleigh.

SKIP HILL

RALEIGH MARKET LEADER HIGHWOODS PROPERTIES, INC.

TALENT & EXPERIENCE

LAND

THE PROCESS

L O RD REPRESE

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LANDLORD ADVISORY SERVICES

TA

TIO

52 $84M+

Institutional Office Leasing & Asset Advisory | Raleigh-Durham TRANSACTIONS CLOSED

IN TOTAL LEASE VALUE

IN 2024 & 2025

The Raleigh-Durham office landlord advisory team at Foundry Commercial brings deep experience representing institutional owners across single -asset and multi-building office assignments. With expertise spanning workplace strategy, tenant mix, amenity positioning, and complex leasing environments, the team approaches every assignment with an ownership mindset — combining market intelligence, strategic creativity, and disciplined execution to protect and grow asset value.

Led by Jane Doggett, CCIM, and Patrick Blackley, the team remains actively engaged in industry organizations and strongly networked in the broader commercial real estate community. Built on trusted relationships with brokers, decision makers, occupiers, economic development leaders and municipalities— and sustained by direct, ongoing relationship building with tenants themselves — the team delivers tailored, multi-phase strategies designed to enhance asset positioning, accelerate leasing velocity, strengthen retention, and maximize long-term value for individual assets and large portfolios alike

WHY FOUNDRY Deep local market expertise, integrated reporting and asset services, and a leasing team that operates with an ownership mindset from first tour to lease execution — and stays engaged with tenants long after, protecting retention and giving ownership advance notice, not surprises.

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PHASE 1 ASSESS THE ASSET • • • •

Conduct a full property tour and physical condition assessment Benchmark against the competitive set on rents, concessions, and amenities Audit existing rent roll and lease terms to identify near-term risk and opportunity Evaluate market positioning and identify gaps in tenant mix or building/campus offering

PHASE 2 DEVELOP THE PLAN • • • •

Recommend necessary improvements to best position the asset Assist with budgeting and implementation of renovations Establish target rents, concessions, and leasing velocity goals Define ideal tenant profile and target prospects locally, regionally, and nationally

PHASE 3 MARKET THE PROPERTY & TOUR EXPERIENCE DIFFERENTIATOR • • • • •

Create custom marketing pieces, signage, digital collateral and marketing budget Push electronically through databases, eblasts, and personal direct calls to tenants and brokers Engage the brokerage community with preview tours and on-site broker events Conduct tours with insightful market knowledge and solution-oriented conversation Team approach to tour experience with Leasing, Property management, and Building engineer participating for competitive advantage.

PHASE 4 NEGOTIATE & EXECUTE • • • • • •

Solicit proposals or submit non-solicited proposals when warranted Engage ownership on responses, providing recommendations within one business day or RFP receipt.

Develop scope of work and pricing exercises No surprises, Full disclosure on any lost/dead deals followed by competitive data tracking any trends.

Lead detailed lease negotiations with thoughtful, value -maximizing recommendations Manage lease execution, move -in timeline, and follow-up through lease abstract

PHASE 5 ONGOING REPORTING & ASSET MANAGEMENT • Deliver regular leasing activity reports, including pipeline, tour volume, and deal status • Track occupancy, rent roll performance, and net effective rent against budget • Working relationship with Property Management and Building Engineer, walking property together quarterly and working in tandem on budgets and capital needs.

• Provide capital expenditure planning and project updates to asset management • Build and maintain direct relationships with tenants throughout the lease term — not just at renewal — to stay ahead of space, service, and satisfaction needs • Conduct regular tenant check-ins to surface concerns early and prevent last-minute surprises at renewal or default • Maintain proactive retention touchpoints ahead of lease expirations, with early insight into expansion, downsizing, or relocation plans • Serve as a trusted point of contact between tenants and ownership, reinforcing goodwill and long-term loyalty to the asset

EXPERIENCE B U I L D T O S U I T A N D P R E L E AS E E X P E R I E N C E

M E T L I F E G L O B A L T E C H N O L O GY C A M P U S

Ja ne Dogget t play ed a p i vot a l rol e i n s e c u r i ng t he b ui l d - to - sui t l ea se w i th M etL i f e f o r a 6 5 4 , 8 9 8 S F g l o b a l t ech n ology ca mp u s in Car y ’s Wes t on Pa r k on L a ke C r a b t r e e .

Th is 40 -acre campu s, co m p r i si n g t h ree b ui l di n g s , w a s a $172 mi l l i o n i n v e s t me n t by H i gh wo o ds , w i t h t he f i rs t t w o bu i l di n gs de l i ve re d i n 2015 a n d a third 219,000 SF bui l di n g c om p l et ed i n 2019.

Neg otiatio ns inclu ded an op en b ook yi el d on t ot a l p roj ec t co s t s . A s par t o f t he t h i rd bu i l di n g J an e al s o n e go t i at e d an e x t e n si on of the l e a se s on the first t wo bu ildings, a s w el l a s f a c i l i t a t ed t he sub l ea s e f ro m M e t L i f e t o A ppl e .

I n a d diti o n to the MetLife b ui l d - t o- sui t , Ja n e w a s suc c essf u l i n s e cu r i n g a bu i l d- t o - s u i t w i t h B i o l o gi cs H Q ( a M cKe s s o n C o mpany ) a nd rep ositio ned the 11000 Wes t on b ui l di n g t h a t w a s v a c a t ed by F i de l i t y an d re l e as e d w i t h B C B S an d X e ro x , amo n g o t he rs .

WA D E O F F I C E PA R K WA D E O F F I C E PA R K

Fo u nd r y Com m ercial’s O f f i c e Ag e nc y t e a m wa s s e l ec ted a s the exc l usi ve l ea si n g a g en t f o r The O f f ices at Wade, a p r e mi e r f i ve -b u i l d i ng L EED ® G o l d C er ti f i ed o f f i c e c a m p us sp a n n i n g 6 21, 8 0 0 square feet in R a l e i g h ’s t hr i vi ng We s t R a l ei g h D i str i c t.

D omin io n Realt y Par tners a n d P G I M , t he ow n ers of The Of f i ce s at Wade , cho s e Fo u n dr y C o mme rci al ’s t e am for their dynamic approac h t o l ea si n g , rob us t b roker rel a t i o n s h i ps , an d pro v e n t ran s act i o n e x pe r i e n ce .

T O P T E A M T R A N S AC T I O N S CUSTOMER

SUBMARKET

SF

TYPE

REPRESENTED

METLIFE

CARY

647,000

BTS

LANDLORD

FIDELIT Y

RTP

225,000

LEASE

LANDLORD

FIDELIT Y

CARY

178,000

LEASE

LANDLORD

DEUTSCH BANK GLOBAL

CARY

140,000

LEASE

LANDLORD

BB&T - TRUIST

RALEIGH

136,000

LEASE

LANDLORD

SONIC AUTOMOTIVE

CARY

134,000

LEASE

LANDLORD

4401 & 4501 ATLANTIC AVENUE

RALEIGH

115,000

SALE

LANDLORD

AT&T

DURHAM

104,000

LEASE

LANDLORD

XEROX

CARY

98,000

LEASE

LANDLORD

MCKESSON

CARY

78,000

BTS

LANDLORD

WAKEMED

RALEIGH

78,000

LEASE

LANDLORD

RAILINC

CARY

65,000

LEASE

LANDLORD

AVEXIS

DURHAM

65,000

LEASE

LANDLORD

INC RESEARCH

RALEIGH

60,000

LEASE

LANDLORD

UNC REX HOSPITAL

RALEIGH

58,000

LEASE

LANDLORD

EXTREME NETWORKS

MORRISVILLE

55,000

LEASE

LANDLORD

BLACKBERRY

CARY

53,000

LEASE

LANDLORD

PHARMANET

CARY

50,000

BTS

LANDLORD

BLUE CROSS BLUE SHIELD

CARY

46,000

LEASE

LANDLORD

NC COMMUNIT Y CARY NETWORK

RALEIGH

45,000

LEASE

LANDLORD

COPERNICUS

CARY

43,000

LEASE

LANDLORD

RTI

RALEIGH

37,000

LEASE

LANDLORD

BAYER CROPSCIENCE

CARY

36,000

LEASE

LANDORD

REGUS

CARY

36,000

LEASE

LANDLORD

REDSTORM ENTERTAINMENT

CARY

35,000

LEASE

LANDLORD

BOOTH ENGINEERING

RALEIGH

25,000

LEASE

LANDLORD

ARYSTA LIFESCIENCE

CARY

25,000

LEASE

LANDLORD

ECS CAROLINAS

RALEIGH

25,000

LEASE

LANDLORD

ADHERERX

CARY

25,000

LEASE

LANDLORD

CIRCLE K

CARY

24,000

LEASE

LANDLORD

TITAN MEDICAL

DURHAM

24,000

LEASE

LANDLORD

NOKIA

RALEIGH

23,000

LEASE

LANDLORD

TSA (GSA)

MORRISVILLE

21,000

LEASE

LANDLORD

CHIMERIX

DURHAM

21,000

LEASE

LANDLORD

JAGUAR GENE THERAP Y

CARY

20,000

LEASE

LANDLORD

BIOSKRYB

DURHAM

20,000

LEASE

LANDLORD

HCL

CARY

20,000

LEASE

LANDLORD

INTRAHEALTH

DURHAM

20,000

LEASE

LANDLORD

A COMBINATION OF TALENT + EXPERIENCE THAT LEADS TO SUCCESS

Marketing is a core competency of Foundry that we live and breathe everyday. We will leverage our passion, experience and award winning capabilities to differentiate these projects in the market to achieve your investment goals and objectives.

We believe everytthing we do in our prospecting efforts needs to tell a story. Our in-house graphic designers, creative staff, and leasing team work closely with our clients to ensure the brand, logo and vision for the brand will be carried through all we do.

AGENCY QUALITY MARKETING

JON MASTERSON

GRAPHIC DESIGN MANAGER

MEGHAN HURLEY

MARKETING ASSOCIATE

DEANNA CONNOLLY

SENIOR MARKETING TEAM LEAD

MARKETING TEAM

MAR

K

E TI

NG IS OU

R TH MARKETING

BROKER

E XC E P T I O N A L

LAUNCH

LAUNCH

TOURS

Marketing team to take photos, create flyers, and email campaigns in collaboration with ownership team.

Cover the business and broker communities with marketing materials and e-blasts.

We will curate the experience from start to finish, following up with a handwritten thank you card for every tour.

ING

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AWARDS & RECOGNITIONS GOLD ADDY AWARD 2023 SALES & MARKETING TRIANGLE CREW ANNUAL CHAMPIONS AWARD 2025 MOST CREATIVE LOCAL MARKETING CAMPAIGN WENDELL COMMERCE CENTER (5) GDUSA AWARDS BRAND IDENTITY & INTEGRATED MARKETING CAMPAIGNS US1 NORTH & WENDELL COMMERCE CENTER

WE SEE

COMMUNITY

E V E RY D E A L

ENGAGEMENT

Leveraging Foundry deal flow and network to bring exposure to every requirement in the market.

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Engaging the local Chambers of Commerce and hosting a Chamber After Hours Event.

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ABOUT FOUNDRY PLATFORM OVERVIEW

13 MARKETS

Foundry Commercial is an 18-year-old company whose DNA is made up of some of the most respected entrepreneurial real estate firms in the Southeast U.S. With offices from Raleigh to Miami to Dallas, Foundry is deeply entrenched in the fastest growing region of the country. Our company is committed to serving others – clients, associates, and communities.

120+

Foundry Commercial began as CNL Commercial Real Estate in 2007 when 12 former Trammell Crow Partners joined CNL Financial Group to launch a real estate services platform specializing in office, industrial and retail real estate.

The company has grown to be a regional real estate operating company with over 450 real estate professionals, more than 77 million square feet of projects in 13 offices over seven states covering the Southeast U.S.

450+

Foundry Staffed Services Foundry Ongoing Activity

BROKERS

ASSOCIATES

REGIONAL

LEASING & MANAGEMENT RELIGIOUS, EDUCATION & NOT-FOR-PROFIT RETAIL

OFFICE

77M

A regional platform with the scale to provide best-in-class infrastructure support services (research, marketing, IT, HR and accounting) to our customers, with local expertise in our delivery of real estate leasing, brokerage, property management and project management services.

DISTRIBUTED LEADERSHIP

SQUARE FEET

LEASING & MANAGEMENT

Our leaders are distributed across our key offices, providing senior level relationships and market expertise in multiple geographic markets across the United States.

INDUSTRIAL

STRONG SPONSORSHIP

$3B $4.96B IN 2024 BROKERAGE TRANSACTIONS

CURRENT INVESTMENT ACTIVITY

Foundry Commercial has strong sponsorship both in terms of its seasoned senior leadership team and in the financial strength and real estate investment expertise of our operating capital.

JANE DOGGE T T, CCIM jane.doggett@foundrycommercial.com 919.625.8828 PA T R I C K B L A C K L E Y patrick.blackley@foundrycommercial.com 919.274.9323