Ridgeline Property Group to Develop 623,000 SF Chariot Logistics Center in Melrose Park, IL

Chicago, IL, April 1, 2019 – Ridgeline Property Group (RPG) announced today its newest development, Chariot Logistics Center, a 3 building, 623,000 square foot industrial project in Melrose Park, IL.

Scheduled for completion in the Fourth Quarter of 2019, Chariot Logistics Center will offer 32’ clear height, modern building designs, ample parking and flexible sizing. Buildings will range in size from 135,000 sf to 252,000 sf and located within Melrose Park. In addition, the project will offer a Class 6(b) Tax Incentive.

The 42-acre site located at 8600 W North Avenue is just 7 miles from O’Hare International Airport and 13 miles from the City of Chicago. It has excellent access to I-290, I-294 and I-88. The area has a concentrated labor pool and a location surrounded by existing retail amenities on North Avenue.

Greg Thurman, CEO of Ridgeline Property Group stated, “Ridgeline Property Group continues to implement our company strategy of developing industrial facilities that are located in A+ locations and designed to accommodate the needs of today’s e-Commerce and distribution users that exist in the given submarket.”

Larry Goldwasser, Colin Green, Matt Cowie and Michelle Maguire of Cushman & Wakefield will provide leasing services for the project. The leasing team anticipates strong interest from e-commerce, last-mile service providers, food/cold storage, manufacturing, warehouse and distribution tenants.

Pete Harmon, Ridgeline’s Regional Partner, stated “It truly is a ‘once in a career’ opportunity to find a site such as this which offers access to the area’s best-in-class transportation and labor markets and to be situated within the business-friendly municipality of Melrose Park.”

Designed by Harris Architects and Kimley-Horn, the project will be constructed by Krusinski Construction.

Currently, Ridgeline Property Group has 9 million square feet under construction across the United States.

About Ridgeline Property Group

Ridgeline Property Group (www.ridgelinepg.com) is a commercial real estate development and investment company operating throughout the United States. Headquartered in Atlanta, the firm has a particular focus on the acquisition, development and management of high-quality industrial properties in strategic markets. RPG’s regional partners have more than 125 years of combined experience in the commercial real estate industry and have developed in excess of 115 million square feet of space in more than 30 states. RPG has offices in Atlanta, Northern VA/Washington DC, Chicago, Dallas, Houston and California

Ridgeline Property Group Under Construction on Hanover Business Center

Baltimore, MD, January 15, 2019 – Ridgeline Property Group (RPG) has broken ground on Hanover Business Center, a 101,000 square foot Class-A distribution center. Located minutes from the Baltimore/Washington International Airport at 1250 Stoney Run Road in Hanover, the project is expected to be completed in the summer of 2019.

Hanover Business Center features 28-foot clear heights, ESFR fire sprinklers, 50’ x 50’ column spacing, 26 dock doors, 2 drive-in doors, 1.4 parking spaces per thousand square feet, a 120-foot truck court, and separate entrances for cars and trucks.

The 7.9 acre site is just 10 minutes (5.4 miles) from Interstate 95, the major north-south route on the Eastern Seaboard serving areas from Florida to Maine and only 21 minutes (11.5 miles) from the Port of Baltimore.

“Ridgeline Property Group continues to implement our company strategy of developing industrial facilities that are produced in A+ locations as well as product designed to accommodate the needs of today’s e-Commerce and distribution users,” said Greg Thurman, CEO of Ridgeline Property Group.

Michael Roden of CBRE’s Baltimore office has been selected to market the property. Glen Arm Building Company, LLC will serve as the General Contractor. MGMA is the architect and Urban Engineering is the civil engineer for the project.

Currently, Ridgeline Property Group has 9 million square feet under construction across the United States.

About Ridgeline Property Group

Ridgeline Property Group (www.ridgelinepg.com) is a commercial real estate development and investment company operating throughout the United States. Headquartered in Atlanta, the firm has a particular focus on the acquisition, development and management of high-quality industrial properties in strategic markets. RPG’s regional partners have more than 125 years of combined experience in the commercial real estate industry and have developed in excess of 115 million square feet of space in more than 30 states. RPG has offices in Atlanta, Northern VA/Washington DC, Chicago, Dallas, Houston and California.

Ridgeline Property Group to Develop 728,000 SF Logistics Center in McDonough, GA

The facility named McDonough Logistics Center will be located in Atlanta’s premier bulk industrial sector.

McDonough, GA, November 6, 2018 – Ridgeline Property Group (RPG) announced today it will develop McDonough Logistics Center, a 728,000 square foot Class A industrial facility. Located at 875 Highway 42 South in McDonough, Georgia, the building is expected to be completed in Fall 2019.

Features of the cross-dock facility include 36’ clear height, 60’ speed bays, 148 dock doors, 4 drive-in doors, TPO roof system, Ductilcrete slab, ESFR sprinkler system, 210 trailer storage spaces and 311 car parking spaces.

“We are thrilled to be developing in the I-75 South Corridor again, more specifically in the City of McDonough. This development enjoys immediate access to I-75, a highly competitive basis and an efficient design for multi-tenant flexibility. We look forward to engaging the 300,000 to 700,000 square foot prospects looking for a strategic South Atlanta location,” said Michael Gray, President of Ridgeline Property Group.

“Ridgeline Property Group continues to implement our company strategy of developing industrial facilities that are produced in A+ locations as well as product designed to accommodate the needs of today’s e-Commerce and distribution users,” added Greg Thurman, CEO of Ridgeline Property Group.

Ben Logue and Price Weaver of Colliers International have been selected to market the property. The Conlan Company will serve as the General Contractor. Pieper O’Brien Herr is the architect. Rose Leypoldt will manage the project for RPG.

Including this project, RPG will have developed in excess of 6 million square feet of industrial product in the greater Atlanta market over the last 3 years. The company currently has over 9 million square feet under construction across the United States.

About Ridgeline Property Group

Ridgeline Property Group (www.ridgelinepg.com) is a commercial real estate development and investment company operating throughout the United States. Headquartered in Atlanta, the firm has a particular focus on the acquisition, development and management of high-quality industrial properties in strategic markets. RPG’s regional partners have more than 125 years of combined experience in the commercial real estate industry and have developed in excess of 115 million square feet of space in more than 30 states. RPG has offices in Atlanta, Northern VA/Washington DC, Chicago, Texas and California.

Ridgeline Property Group to Develop Interstate 80 Logistics Center in Fairfield, CA

Strategically located off Interstate 80, the Class A, 378,405 square foot logistics facility will be completed in summer of 2019.

Fairfield, CA,  October 16, 2018 – Ridgeline Property Group (RPG) together with its investment partner, USAA Real Estate, announced today the partnership has broken ground on Interstate 80 Logistics Center, a 378,405 square foot, Class A logistics facility located in Fairfield, California. The project is expected to be completed in the summer of 2019.

The project will be developed on a 19.6 net acre site fronting on Highway 12, strategically located just 1 mile from Interstate 80, the east-west route connecting San Francisco Bay Area and Oakland to Sacramento and the Central Valley. Interstate 80 Logistics Center is well situated to serve the entire region.

Located at 2200 Courage Drive in a business park setting, the project features include 36-foot clear height, cross-dock design, 69 dock-high doors, 4 drive-in doors, 56’ x 60’ column spacing with 60’ speed bays, 4,000 AMPS of power, TPO roof, ESFR sprinkler system, 7” thick reinforced slab, 31 dedicated trailer parking spaces and 192 auto parking spaces.

The project is being marketed for lease by Glen Dowling, Chris Neeb and Matt Bracco of Jones Lang LaSalle, Inc. (www.Interstate80LogisticsCenter.com). Interstate 80 Logistics Center was designed by HPA Architecture (www.hparchs.com) and will be constructed by Millie and Severson, General Contractors (www.mandsinc.com).

“Ridgeline Property Group is excited to grow our presence in Northern California as well as continue RPG’s national platform growth.” 

– Greg Thurman, CEO, Ridgeline Property Group

“Demand for institutional quality logistics space is at a historic high. Interstate 80 Logistics Center offers tenants an exceptional location in a quality business park from which to serve the supply constrained Northern California distribution market. The projects’ modern specifications will suit the needs of today’s distribution tenants and the City of Fairfield’s business-friendly environment will make it easy for tenants to call the project home.”    

– Steve Arthur, Partner, Ridgeline Property Group

About Ridgeline Property Group

Ridgeline Property Group (www.ridgelinepg.com) is a commercial real estate development and investment company operating throughout the United States. Headquartered in Atlanta, the firm has a particular focus on the acquisition, development and management of high-quality industrial properties in strategic markets. RPG’s regional partners have more than 125 years of combined experience in the commercial real estate industry and have developed in excess of 115 million square feet of space in more than 30 states. RPG has offices in Atlanta, Northern VA/Washington DC, Chicago, Houston, Dallas and California.

Ridgeline Property Group and Archway Properties to Develop 685,400 Square Foot Park Air 59 in Humble, TX

RPG and Archway Properties form a joint venture in the State of Texas to develop commercial real estate properties

Humble, TX, September 11, 2018 – Ridgeline Property Group (RPG) announced today that it will form a joint venture with Archway Properties in the State of Texas. The venture’s first project will be the Park Air 59 industrial development, a 685,400 square foot industrial facility in Humble, Texas.

Located at Highway 59 and Will Clayton Parkway, Park Air 59 is only two miles from the Houston International Airport. The site also offers proximity to the Fed Ex Ground facility (7 miles), Port of Houston (25 miles), Houston Hobby Airport (27 miles) and Bayport Terminal (40 miles).  The property is just 3 miles from Beltway 8 and 10 miles from Grand Parkway.

Don Dennis, Managing Partner of Archway Properties stated, “It is exciting for us to be partnering with RPG in Texas. We believe their national relationships with capital sources, brokers and tenants, coupled with our local market expertise, creates an exceptional platform for us to grow our industrial presence.”

“Ridgeline Property Group is elated to partner with Archway Properties and expand our presence in the State of Texas. Ridgeline Property Group and the Archway team had a very successful previous working relationship and we are excited to continue RPG’s national platform growth,” said Greg Thurman, CEO of Ridgeline Property Group.

Ridgeline Property Group and Archway Properties are teaming with USAA Real Estate to develop the Park Air 59 project.

Scheduled for completion in the second quarter of 2019, the cross-dock facility will include 40-foot clear height, 8” slab, 60’ x 55’ column spacing with 65’ staging bays, ESFR sprinkler system, 153 dock high doors, 4 drive-in doors, 180’ truck court, 242 trailer parking spaces and 332 auto parking spaces. In addition, the site has a favorable Ad Valorem tax rate which was 2.47% in 2017.

Park Air 59 will be the first speculative 40’ clear height building in the Houston area.

Mark Nicholas, SIOR, Richard Quarles, CCIM and Joe Berwick of Jones, Lang, LaSalle, are marketing the property for lease.

Houston is the 4th largest city and 8th largest industrial market in the United States.  It has had the highest population growth of top 10 largest cities in the U.S. during the past 5 years and home to 26 Fortune 500 companies.

About Ridgeline Property Group

Ridgeline Property Group is a commercial real estate development and investment company operating throughout the United States. Headquartered in Atlanta, the firm has a particular focus on the acquisition, development and management of high-quality industrial and office properties in strategic markets. RPG’s regional partners have more than 125 years of combined experience in the commercial real estate industry and have developed in excess of 115 million square feet of space in more than 30 states.  For additional information, please visit www.ridgelinepg.com.

About Archway Properties

With offices in Houston and Dallas, Archway Properties offers a broad range of real estate services to its clients and partners including acquisition, development, project management and asset management. Our principals have successfully completed projects with a total value in excess of $1 billion. For more information, please visit www.archwayprop.com.

Ridgeline Property Group to Develop a 558,600 SF Distribution Center Project in Lebanon, Tennessee

Park 840 East offers prime location near I-840 in East submarket

Nashville, TN, September 18, 2017 – Ridgeline Property Group (RPG), in partnership with USAA Real Estate Company (USAA RealCo), announced today that it will develop a Class A, 558,600-square-foot distribution/logistics facility – Park 840 East Building 100. RPG will develop the project on a 29-acre site located at the southeast corner of Central Pike and I-840 in Lebanon, Tennessee, east of Nashville.

RPG and USAA RealCo have retained CBRE’s Steve Preston and Hayes McWilliams to market and lease the property. Construction will begin in 4Q 2017 and completion is scheduled for 2Q 2018.

“We’re excited to deliver a project in the Nashville industrial market that will offer the most modern, efficient space for large-scale distribution operations,” said Greg Thurman, CEO of RPG. ”Nashville is experiencing extremely strong demand but there is limited supply of high-quality space. This project will offer the features distributors are looking for today, including high ceilings, a cross-dock configuration and abundant trailer parking.”

Park 840 East provides convenient access to I-840 and Nashville’s extensive interstate system that connects distributors to major markets across the Southeast and Midwest.

“The Southeast U.S. has the highest population growth in the nation and Nashville is no exception. With the Nashville MSA population approaching 2 million people, that distribution market has continued to expand,” said Steve Preston, Senior Vice President at CBRE. “In addition, Nashville’s connectivity to a large segment of the U.S. population and its location on the eastern edge of the Central time zone enables it to accommodate same-day and next-day deliveries – a feature that has become increasingly important to online customers and e-tailers.”

Park 840 East Building 100 will feature concrete-tilt panel construction, 36-foot clear height, 56-foot by 50-foot column spacing, 62.5-foot speed bays, 96 dock doors and 113 trailer stalls.

About Ridgeline Property Group

Ridgeline Property Group is a commercial real estate development and investment company operating throughout the United States. Headquartered in Atlanta, the firm has a particular focus on the acquisition, development and management of high-quality industrial and office properties in strategic markets. RPG’s regional partners have more than 125 years of combined experience in the commercial real estate industry and have developed in excess of 115 million square feet of space in more than 30 states. For additional information, please visit www.ridgelinepg.com.

About USAA Real Estate Company

USAA Real Estate Company, with over $17 billion in assets under management, provides co-investment, acquisition, build-to-suit and development services for corporate and institutional investors and arranges commercial mortgage loans on behalf of affiliates.  The portfolio consists of office, industrial/logistics, multi-family, retail and hotel properties.  USAA Real Estate Company is a subsidiary of USAA, a leading financial services company, serving military families since 1922.  For more information, visit www.usrealco.com

Ridgeline Property Group to Develop 1.46 MSF Logistics Campus at Former Kraft Facility Site

92-acre infill site will become Park 100 Logistics Center

Allentown, PA, March 6, 2017 – Responding to continuing strong demand for Class A bulk warehouse space in the Lehigh Valley industrial market, Ridgeline Property Group (RPG) will redevelop the former Kraft facility site at 7352 Industrial Boulevard into a Class A, rail-accessible logistics campus. RPG has acquired the 92-acre site, a preeminent location in Lehigh Valley, and will build two Class A distribution facilities totaling up to 1.46 million square feet.

The project, known as Park 100 Logistics Center, will be built on the 92-acre site approximately one mile from the Route 100/I-78 Interchange.

Demolition of the Kraft facility has commenced. The initial phase of Park 100 Logistics Center, a 730,080-square-foot Class A distribution facility, is anticipated to be completed in Q1 2018. Jake Terkanian, Joe McDermott and Vincent Ranalli of CBRE’s Philadelphia office have been selected to market the property for lease or build-to-suit.

“We are excited to continue to expand the RPG platform nationally, and particularly in Central Pennsylvania and Lehigh Valley,” said Greg Thurman, RPG’s CEO. “This represents a tremendous opportunity for us to develop this prime infill site and create a state-of-the-art logistics campus benefitting from a strategic location with excellent highway and rail access.”

Chris Ciliberti, Partner and head of RPG’s Northeast operations, added: “With historic levels of absorption combined with limited competitive supply, Park 100 Logistics Center is well positioned to capitalize on strong market fundamentals in Lehigh Valley.”

Park 100 Logistics Center’s location approximately one mile from the Route 100/I-78 interchange provides immediate access to strategic transportation routes serving the Northeast region. Additionally, the large and well-trained workforce within a 30-minute commute creates a strong incentive for companies to operate in this location. The overall vacancy rate for Class A product in Lehigh Valley is just below 4 percent, placing supply at shortage levels, while absorption has remained at historically high levels.

Park 100 Logistics Center, a rail-accessible, 1.46 million-square-foot, two-building logistics campus, will feature 36-foot clear heights, a cross-docked loading configuration, 4 drive-in doors per building, highly efficient 56-foot by 50-foot column spacing, 70-foot speed bays, early suppression fast response (ESFR) fire sprinklers, and ample parking with 982 auto parking spaces and 376 trailer storage stalls.

About Ridgeline Property Group

Ridgeline Property Group is a commercial real estate development and investment company operating throughout the United States. Headquartered in Atlanta, the firm has a particular focus on the acquisition, development and management of high-quality industrial and office properties in strategic markets. RPG’s regional partners have more than 125 years of combined experience in the commercial real estate industry and have developed in excess of 115 million square feet of space in more than 30 states. For additional information, please visit www.ridgelinepg.com.

Steve Arthur Joins Ridgeline Property Group as Partner

Commercial real estate veteran with more than 26 years of experience will direct firm’s West Coast operations and development

Atlanta, GA, February 22, 2017 – Ridgeline Property Group (RPG), a privately held commercial real estate development and investment firm, announced today that Steve Arthur has been appointed Partner to direct the firm’s West Coast operations and development activities.

Mr. Arthur will oversee speculative projects, build-to-suit development and value-add acquisitions. He brings Ridgeline Property Group more than 26 years of commercial real estate experience, including capital markets expertise, speculative and build-to-suit development, equity sourcing, leasing and investment brokerage.

“With his wide-ranging expertise across all phases of industrial and office development, Steve will be an outstanding addition to our development team,” said Greg Thurman, CEO of Ridgeline Property Group. “He brings a strong track record of securing build-to-suit business and managing joint-venture development, which will be a great asset to our firm as we continue to expand our West Coast presence and grow our development pipeline.”

Mr. Arthur joins Ridgeline Property Group from Panattoni Development Company, where he worked for 19 years, most recently as national Director of Capital Markets in charge of managing one of the firm’s primary institutional joint-venture accounts comprising over $730 million in development projects totaling 11 million square feet across the U.S. He has also secured more than $350 million in capital for 5 million square feet of competitive build-to-suit projects.

About Ridgeline Property Group

Ridgeline Property Group (“RPG”) is a privately held, commercial real estate development and investment company operating throughout the United States. RPG’s regional partners have more than 125 years of combined experience in the commercial real estate industry and have developed in excess of 115 million square feet of space in 30 states. The company currently has more than four million square feet of active development projects underway. The firm is headquartered in Atlanta, Georgia with regional offices in Chicago, Indianapolis, Northern Virginia / Washington, DC and California. For additional information, please see www.ridgelinepg.com.

Ridgeline Property Group Enters Memphis Industrial Market to Develop I-269 Logistics Center in Marshall County, Miss.

Atlanta-based developer plans to build up to 3.5 million square feet of prime industrial space on 328-acre site.

Memphis, TN, July 25, 2016 – Entering the Memphis industrial market to meet the strong demand for bulk distribution space, Atlanta-based Ridgeline Property Group (RPG) announced today it will develop I-269 Logistics Center, a logistics park in Marshall County, Miss., that will feature up to 3.5 million square feet of Class A distribution and industrial space.

RPG has formed a joint venture with the owner of the 328-acre site, Mississippi Land Holdings, LLC, a special purpose vehicle owned by the CK Pearl family of funds and managed by Crestline-Kirchner, L.P., to develop the logistics park, which occupies a prime location at the intersection of Goodman Road and the southeast corner of the new I-269 beltway. Geringer Capital initially identified and secured the site prior to the announcement of the Interstate expansion and in its position as manager brought RPG to the project.

Dave Curran and Matt Weathersby of Cushman & Wakefield/Commercial Advisors will market the property for lease.

“We’re extremely pleased to form a joint venture to develop this prime site on Goodman Road at the southeast corner of I-269, a new section of the Memphis loop highway that will provide excellent access to I-55 into Memphis and to I-40 and I-22 into large consumer markets to the east and west,” said Greg Thurman, CEO of Ridgeline Property Group.

Thurman added: “Memphis, one of the strongest industrial markets in the U.S., is experiencing extremely strong demand for Class A industrial space, but bulk space is currently in very short supply. I-269 Logistics Center will answer this need, providing e-commerce and other operators the modern, efficient distribution space they require.”

The Memphis market has been surging, registering a record 8 million square feet of absorption in 2015 and 1.7 million square feet of absorption in the first quarter of 2016, according to the 1Q 2016 Memphis Industrial Snapshot from Cushman & Wakefield/Commercial Advisors. At the same time, there are only three existing options in the market for users seeking 400,000 square feet or higher.

Recent large leases signed in the Memphis market include a 1.5 million square foot build-to-suit for Tire & Battery Corp. in the Marshall/Fayette submarket and a 708,532 square foot lease for Nike in the Southeast submarket.

A sample of RPG’s projects currently under development across the U.S. include Crossroads Logistics Center (398,250 SF) in Jonestown, Pa.; Eagle Park 20/35 (453,600 SF) in South Dallas; Tracy Pescadero Distribution Center (381,600 SF) in Tracy, Calif.; and Crest Hill Industrial Park (438,150 SF) in Chicago.

About Ridgeline Property Group

Ridgeline Property Group is a commercial real estate development and investment company operating throughout the United States. Headquartered in Atlanta, the firm has a particular focus on the acquisition, development and management of high-quality industrial and office properties in strategic markets. RPG’s regional partners have more than 125 years of combined experience in the commercial real estate industry and have developed in excess of 115 million square feet of space in more than 30 states. For additional information, please see www.ridgelinepg.com.

About Crestline-Kirchner, L.P.

Crestline-Kirchner provides financings or acquires and manages portfolios of private assets made available through restructurings, orphaned portfolios, manager transitions, end of fund life scenarios and related special situations. For more information, please visit www.crestlineinvestors.com.

Ridgeline Property Group Breaks Ground on 400,000 SF Crossroads Logistics Center in Jonestown, PA

Jonestown, PA., May 12, 2016 – Responding to continuing Class A bulk warehouse space demand in the healthy Central Pennsylvania industrial market, Ridgeline Property Group (RPG) has broken ground on a 398,250-square-foot industrial speculative building in Jonestown, Pa. American Realty Advisors and RPG have created a joint venture to develop Crossroads Logistics Center, which will be built on a 35-acre site providing immediate access to Interstate 81.

Crossroads Logistics Center is anticipated to be completed in December 2016. Jake Terkanian, Joe McDermott and Vince Ranalli of CBRE’s Philadelphia office have been selected to market the property for lease.

“With strong absorption rates combined with limited competitive supply, this market is primed for the modern, efficient, cross-docked Class A distribution space that Crossroads Logistics Center will provide,” said Chris Ciliberti, Partner of Ridgeline Property Group’s northeast operations.

Greg Thurman, RPG’s CEO added, “This is RPG’s second project in Pennsylvania, and we are excited to continue to expand the RPG platform nationally, and particularly in the Central Pennsylvania market.”

Crossroads Logistics Center’s strategic location at the confluence of I-81 and I-78 provides excellent access throughout the Northeast region. Located approximately 20 miles northeast of Harrisburg, the large and well-trained workforce within a 30-minute commute creates a strong incentive for companies to operate in this location. The overall vacancy rate for Class A product in Central Pennsylvania is just above 4 percent, placing supply at shortage levels, and absorption has remained strong.

“We’re pleased to partner with a best-in-class developer, Ridgeline Property Group, on this Class A industrial building in this crucial distribution market. RPG has a successful track record developing bulk distribution space across the country, and we look forward to partnering with them on Crossroads Logistics Center to provide the Central Pennsylvania market with much-needed Class A distribution space,” said Martha Shelley, Senior Portfolio Manager at American Realty Advisors.

Located on MSC Drive in Jonestown, Pa., Crossroads Logistics Center is just over three quarters of a mile from I-81, and just over two miles from the I-81/I-78 Interchange, two major north-south and east-west routes, respectively, that connect the project to Philadelphia, Washington, D.C., Baltimore, New York and other important industrial markets. In addition, the location offers distributors and manufacturers convenient access to three major intermodal rail stations, as well as FedEx and UPS distribution hubs. “The investment in a new ground up, Class A, distribution facility in this critical Central Pennsylvania location is a strategic investment for American and is anticipated to provide favorable risk-adjusted returns to our investors,” added Shelley.

The 398,250-square-foot distribution facility is expandable to 450,000 square feet, and will feature 36-foot clear heights, 85 dock doors in a cross-docked configuration, four drive-in doors, highly efficient 55-foot by 56-foot column spacing, early suppression fast response (ESFR) fire sprinklers and high-capacity parking, including 206 auto spaces and 116 trailer storage stalls. Additional parking and trailer storage stalls can be made available. The project has received the LERTA (Local Economic Revitalization Tax Assistance) Tax Abatement at the township level, with County and School District approval expected in mid-May 2016.

About Ridgeline Property Group

Ridgeline Property Group is a commercial real estate development and investment company operating throughout the United States. Headquartered in Atlanta, the firm has a particular focus on the acquisition, development and management of high-quality industrial and office properties in strategic markets. RPG’s regional partners have more than 125 years of combined experience in the commercial real estate industry and have developed in excess of 115 million square feet of space in more than 30 states. For additional information, please contact www.ridgelinepg.com.

About American Realty Advisors

With over $7.3 billion in assets under management, American Realty Advisors is a leading provider of commercial real estate investment management services. For over 27 years, American has managed capital for institutional investors utilizing core and value-added commingled funds and separate accounts. American acquires assets directly or provides equity, preferred equity, mezzanine debt, debt, and hybrid debt to primary investors and developers operating throughout the United States for office, industrial, multi-family, and retail properties. More information regarding American can be found at www.americanreal.com.

Ridgeline Property Group to Develop 438,150 SF Distribution Center in Crest Hill, IL

RPG teaming with capital partner Cabot Properties to develop Class A facility at prime location near I-55 Interchange north of Joliet

Crest Hill, Ill., December 15, 2015 – Ridgeline Property Group (RPG) announced today that it will develop a 438,150-square-foot, Class A distribution center in Crest Hill, Ill., with capital partner Cabot Properties Inc. The project will be built on a 29-acre site that is located within the vibrant I-55 submarket. RPG and Cabot Properties acquired the site in the Crest Hill Industrial Park in September.

Site work is under way and pre-cast concrete/steel work will begin in January 2016, with completion slated for August 2016. David Bercu and Jim Estus, both Principals at Colliers International, will market the property for lease.

“Demand in the market remains strong but there is a limited supply of space in the submarket,” said Pete Harmon, Partner at RPG. “Strategically located on one of the last remaining sites along I-55, this project will provide a solution for today’s users in a proven submarket, appealing to demand from both the I-55 and I-80 submarkets.”

Located at 16824 Enterprise Blvd., the site is less than two miles from the I-55 interchange at Route 30 and 9.25 miles from I-80. The site also offers proximity to the BNSF intermodal facility in Elwood. Existing tenants at Crest Hill Industrial Park include Rich Products Corp., Old Dominion Freight Line, Dayton Freight Lines and Aaron Thomas Company.

“This project marks our third partnership with RPG in the country this year and the initial one in the Chicagoland area. We look forward to offering the Crest Hill distribution center to meet ongoing strong demand for high-quality space in this market,” said Patrick Ryan, Executive Vice President of Cabot Properties.

Added Greg Thurman, CEO of Ridgeline Property Group: “We’re excited to continue our relationship with Cabot Properties on this project to bring much-needed Class A industrial space at this strategically located site. Cabot Properties is an excellent partner with an outstanding track record of developing successful projects in leading industrial markets across North America.”

The cross-dock facility will feature 32-foot clear heights, four drive-in overhead doors, 36 exterior docks (expandable to 76), 319 car parking spaces, 163 trailer parking spaces, and Early Suppression Fast Response (ESFR) sprinklers. The building provides a functional layout which can accommodate a number of tenant layouts.

RPG also is partnering with Cabot Properties on Susquehanna Logistics Center, a 423,300-square-foot distribution facility in York, Pa., and Hanover Business Center, a 100,000-square-foot distribution facility in metro Baltimore.

About Ridgeline Property Group

Ridgeline Property Group is a commercial real estate development and investment company operating throughout the United States. Headquartered in Atlanta, the firm has a particular focus on the acquisition, development and management of high-quality industrial and office properties in strategic markets. RPG’s regional partners have more than 125 years of combined experience in the commercial real estate industry and have developed in excess of 115 million square feet of space in more than 30 states.

About Cabot Properties

Cabot Properties is a private equity real estate investment firm. The firm is a leading investor, developer and operator of industrial properties throughout North America and the United Kingdom. Formed in 1986, Cabot has invested $6.2 billion in industrial real estate, managing and operating approximately 3,000 tenants in more than 140 million square feet.

Ridgeline Property Group to Develop Hanover Business Center

Class A facility to be built at prime location near Baltimore-Washington International Airport

Baltimore, August 5, 2015 – Ridgeline Property Group (RPG) announced today that it will develop a Class A distribution center in Hanover, Md., southwest of the city of Baltimore, with capital partner Cabot Properties Inc. Hanover Business Center, a 100,000-square-foot distribution facility, will occupy a prime location at 1250 Stoney Run Road adjacent to Baltimore-Washington International Airport.

The project will be built on a 7.9-acre site purchased by RPG and Cabot Properties. Construction will begin in second-quarter 2016 and completion is scheduled for first-quarter 2017.

“Demand is very strong for Class A space as industrial tenants continue to expand in the Baltimore market, but developable land is in short supply, particularly in prime locations such as the site for Hanover Business Center,” said Greg Thurman, CEO of Ridgeline Property Group. “Hanover Business Center will offer modern, efficient Class A space in a highly desirable location only three miles from Baltimore-Washington International Airport. The site also provides excellent access to the nearby Baltimore-Washington Parkway and Interstate 95.”

Hanover Business Center will feature 28-foot clear heights, early suppression fast response (ESFR) fire sprinklers, 1.4 parking spaces per thousand square feet, a 120-foot truck court, and separate entrances for cars and trucks.

“Cabot Properties is pleased to expand our relationship with Ridgeline Property Group and partner with them on this project, which is strategically located to provide superior access to the Baltimore-Washington corridor. With the ongoing strong demand for industrial space, this is an excellent time to develop Hanover Business Center,” said Patrick V. Ryan, Executive Vice President of Investments at Cabot Properties.

RPG also is partnering with Cabot Properties on Susquehanna Logistics Center, a 423,300-square-foot distribution facility in York, Pa., scheduled to be completed in December 2015. Since its inception in 2014, RPG has developed projects totaling 5.9 million square feet across the United States.

About Ridgeline Property Group

Ridgeline Property Group is a commercial real estate development and investment company operating throughout the United States. Headquartered in Atlanta, the firm has a particular focus on the acquisition, development and management of high-quality industrial and office properties in strategic markets. RPG’s regional partners have more than 125 years of combined experience in the commercial real estate industry and have developed in excess of 115 million square feet of space in more than 30 states.

About Cabot Properties

Cabot Properties is a private equity real estate investment firm. The firm is a leading investor, developer and operator of industrial properties throughout North America and the United Kingdom. Formed in 1986, Cabot has invested $6.2 billion in industrial real estate, managing and operating approximately 3,000 tenants in more than 140 million square feet.

 

Ridgeline Property Group to Develop Speculative 381,600 SF Tracy Pescadero Distribution Center

Strategically located less than one mile south of Interstate 205 in Tracy, California, in the Central Valley industrial market, the Class A, 381,600 SF distribution center will open in Spring of 2016.

Tracy, California, July 30, 2015 – Ridgeline Property Group (RPG) announced today that it will team with investment partner LaSalle Investment Management (LaSalle) to develop Tracy Pescadero Distribution Center, a 381,600-square-foot, Class A regional distribution facility located in Tracy, California, in the Central Valley industrial market.

The 19.46-acre site is less than one mile from Interstate 205, an east-west route connecting to Oakland and San Francisco, and it provides easy access to the regional transportation corridors serving the major markets of the Western U.S.

Construction is scheduled to begin in October 2015, with completion expected in May of 2016. Tom Davis, President of Lee & Associates-Central Valley Inc and Darren McFadden, also with Lee & Associates will market the property for lease.

“Tracy, California, is the best distribution location in the Central Valley, and the Tracy Pescadero Distribution Center will provide much-needed Class A space for modern distribution operations,” said Greg Thurman, CEO of Ridgeline Property Group. “There is virtually no availability of Class A space greater than 200,000 square feet in the Central Valley. In addition to providing bulk space, this 381,600-square-foot facility will offer the option of either a rear-load or front-load configuration, depending on the needs of the tenant. The flexible design also enables the building to be divided into three separate spaces with front offices.”

Added Paul White, Managing Director at LaSalle Investment Management, “We’re very pleased to partner with Ridgeline Property Group on Tracy Pescadero Distribution Center. LaSalle has teamed with the principals of RPG on numerous successful industrial projects in the U.S., and the strong demand for high-quality, Class A distribution space in the Central Valley makes this a very favorable time to develop this project.”

Some of the world’s leading consumer product companies, retailers and logistics companies have established distribution operations in the Northeast Industrial Specific Plan Area of Tracy, California, including The Home Depot, Kuehne + Nagel, Amazon, Kellogg’s, Crate & Barrel, PepsiCo and Best Buy.

“We’re thrilled to develop our first project on the West Coast in partnership with LaSalle. We look forward to offering state-of-the-art distribution space in this strategically important industrial market,” added Greg Thurman.

Located at 1700 East Pescadero Avenue, the distribution facility will feature 32-foot clear heights, 57 dock-high doors, two drive-in doors, a 185-foot truck court, 92 trailer parking spaces, 317 auto parking spaces, and Early Suppression Fast Response (ESFR) fire sprinklers.

In addition to providing convenient access to I-205, I-5, I-580 and Highway 99, the site is located in close proximity to the Union Pacific and Burlington Northern Santa Fe intermodal facilities.

About Ridgeline Property Group

Ridgeline Property Group is a commercial real estate development and investment company operating throughout the United States. Headquartered in Atlanta, the firm has a particular focus on the acquisition, development and management of high-quality industrial properties in strategic markets. RPG’s regional partners have more than 125 years of combined experience in the commercial real estate industry and have developed in excess of 115 million square feet of space in more than 30 states.

About LaSalle Investment Management

LaSalle Investment Management is one of the world’s leading real estate investment managers with approximately $56.0 billion of assets under management of private and public real estate property and debt investments. LaSalle’s diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. Managing capital for institutions and private investors all over the world, LaSalle sponsors a complete range of investment vehicles including separate accounts, open- and closed-end funds, public securities and entity-level investments. LaSalle is an independent subsidiary of Jones Lang LaSalle (NYSE: JLL), one of the world’s largest real estate companies.

Ridgeline Property Group Names Mark Erler, Vice President of Development

Atlanta, May 29, 2015 – Ridgeline Property Group (RPG), a privately held commercial real estate development and investment firm, announced today that Mark Erler has been named Vice President of Development.

In his new position, Erler will be responsible for the pursuit and execution of development projects including land acquisition, design, construction and stabilization. He will be based in Atlanta.

“Mark is an incredible talent and we are excited to have him join the RPG team,” said Mike Gray, President of Ridgeline Property Group. With Mark’s solid construction and development background, coupled with his broker and user relationships, we believe that he will immediately contribute to our growing success and positively impact our business moving forward.”

Erler’s resume includes more than 18 years of commercial construction and real estate development experience. Prior to joining Ridgeline Property Group, he most recently served as Regional Vice President of Development for DCT Industrial. During Mark’s tenure with the company he managed industrial developments in twelve (12) U.S. markets totaling 8.5 million square feet, including many joint venture projects.

His previous experience also included Development Manager for Panattoni Development Company where he managed the development and marketing of industrial and office properties, as well as, acquired and repositioned assets.

Erler earned a Masters of Business Administration (MBA) degree in Finance from Georgia State University and a Bachelor of Science degree in Construction Science and Management from Clemson University.

About Ridgeline Property Group

Ridgeline Property Group is a commercial real estate development and investment company operating throughout the United States. Headquartered in Atlanta, the firm has a particular focus on the acquisition, development and management of high-quality industrial and office properties in strategic markets. RPG’s regional partners have more than 125 years of combined experience in the commercial real estate industry and have developed in excess of 115 million square feet of space in more than 30 states.

Ridgeline Property Group to Develop 453,600-Square-Foot Distribution Center in South Dallas

RPG and capital partner Stockbridge Capital Group purchase 29.5-acre parcel that will be the site of Eagle Park 20\35 distribution center

Dallas, April 29, 2015 – Ridgeline Property Group (RPG) and its capital partner Stockbridge Capital Group have purchased a 29.5-acre parcel in the South Dallas industrial submarket that will be the site of a 453,600-square-foot, state-of-the-art distribution facility. Eagle Park 20\35, named for its strategic location at the junction of Interstates 20 and 35, will be under construction in June and is scheduled to be completed in first-quarter 2016.

RPG and Stockbridge Capital Group purchased the 29.5-acre site, located within Eagle Business and Industrial Park, from Danieldale/35E No. 2 Ltd. The purchase price was not disclosed. Jones Lang LaSalle’s Executive Vice President Kurt Griffin and Senior Vice President Nathan Orbin represented the buyer and seller in the transaction and have been selected to market Eagle Park 20\35 for lease.

“With the strategic location providing immediate access to I-20 and I-35 and the facility’s state-of-the-art design features, Eagle Park 20\35 will be ideally suited to meet the requirements of modern distribution operations,” said Greg Thurman, CEO of Ridgeline Property Group. “The pace of construction activity in South Dallas has picked up significantly, and many speculative projects have enjoyed successful pre-leasing efforts. However, much of the current construction is comprised of build-to-suit projects of 650,000 square feet and higher. Eagle Park 20\35 will offer design flexibility enabling it to accommodate a single tenant or multiple tenants of 150,000 square feet and higher.”

Added JLL’s Nathan Orbin: “The South Dallas submarket, and the location of Eagle Park 20\35 in particular, offers outstanding logistical advantages. JLL is committed not only to the success of this project, but of the entire area. JLL has been very active in the South Dallas submarket and we’ve been fortunate to be involved in several high-profile transactions. We look forward to leveraging our marketing platform and relationships to lease this Class A industrial property.”

Located on Centre Park Drive, Eagle Park 20\35 will feature 32-foot clear heights, early suppression fast response (ESFR) fire sprinklers, 185-foot dual truck courts and abundant trailer storage. The 400-acre Eagle Business and Industrial Park is home to numerous high-profile tenants, including Solar Turbines (a Caterpillar company), Kohl’s, Sam’s Club/Wal-Mart Stores and Kauffman Tire. The business park also offers access to exclusive air travel from Dallas Executive Airport, located less than 10 minutes away.

“Stockbridge is excited to partner with Ridgeline Property Group and its experienced development team on this Class A distribution center located in one of the premier industrial submarkets of Dallas,” said Dan Weaver, Managing Director at Stockbridge. “The strengthening of the economy continues to heighten demand for industrial space, and Eagle Park 20\35 will provide the state-of-the-art features and amenities that distributors are seeking today.”

RPG’s ongoing projects also include Susquehanna Logistics Center, a 423,000-square-foot distribution facility in York Pa.; and McDonough Commerce Center, a 714,560-square-foot distribution facility located in the South Atlanta submarket.

About Ridgeline Property Group

Ridgeline Property Group is a commercial real estate development and investment company operating throughout the United States. Headquartered in Atlanta, the firm has a particular focus on the acquisition, development and management of high-quality industrial and office properties in strategic markets. RPG’s regional partners have more than 125 years of combined experience in the commercial real estate industry and have developed in excess of 115 million square feet of space in more than 30 states.

About Stockbridge

Stockbridge is a fully independent real estate investment management firm led by veteran industry professionals. The firm’s portfolio comprises assets across the investment risk spectrum, including core, value-added and opportunistic strategies. Stockbridge has approximately $9.3 billion of assets under management (as of December 31, 2014) spanning all major real estate property types, and certain specialty property types, throughout the United States.

Ridgeline Property Group to Develop 423,300 Square Foot Susquehanna Logistics Center in York, PA

York, PA, March 25, 2015 – Responding to the shortage of Class A bulk warehouse space in the surging Central Pennsylvania industrial market, Ridgeline Property Group (RPG) today announced it will develop a 423,300-square-foot industrial speculative building in York, Pa. Cabot Properties Inc. will be RPG’s capital partner for Susquehanna Logistics Center, which will be built on a 51-acre site providing immediate access to Interstate 83.

Construction will begin in late March on Susquehanna Logistics Center and will be completed in December 2015. Patrick McBride and Gerry Blinebury of Cushman & Wakefield’s Harrisburg, Pa., office have been selected to market the property for lease.

“With strong absorption rates combined with the extremely limited supply currently available, this market is primed for the modern and efficient Class A distribution space that Susquehanna Logistics Center will provide,” said Greg Thurman, CEO of Ridgeline Property Group.

He added: “There is virtually no Class A space between 200,000 and 400,000 square feet available in Central Pennsylvania, and this is the only zoned and entitled industrial site between Harrisburg and Baltimore that can bring a Class A project to market in the near term. The timing couldn’t be better for us to team with our long-term partner Cabot Properties on this distribution building.”

York County’s strategic location between Baltimore and Harrisburg, its healthy supply and demand fundamentals, and a strong labor pool combine to make the submarket a key logistics hub. The overall vacancy rate for Class A product in York County has dipped below 4 percent, placing supply at shortage levels, and absorption has reached near record levels.

The large and well-trained workforce within a 30-minute commute and the comprehensive training and educational programs offered by the county and its educational institutions provide further incentive for companies to set up operations in the submarket.

“We’re pleased to partner with a best-in-class developer, Ridgeline Property Group, on this Class A industrial building to meet the growing demand for high-quality industrial space in this crucial distribution market. RPG has a successful track record developing bulk distribution space across the country, and we look forward to partnering with them on Susquehanna Logistics Center to provide the Central Pennsylvania market with much-needed Class A distribution space,” said Patrick V. Ryan, Executive Vice President of Investments at Cabot Properties.

Located on Second Amendment Drive in York, Pa., the Susquehanna Logistics Center site is just over a half mile from the Exit 8 interchange of I-83 and minutes from US Route 30, two major north-south and east-west routes, respectively, that connect the project to Philadelphia, Washington, D.C., Baltimore and other important industrial markets. In addition, the York County submarket offers distributors and manufacturers convenient access to the Port of Baltimore, three major intermodal rail stations, and FedEx and UPS distribution hubs.

The 423,300-square-foot distribution facility will feature 32-foot clear heights, 87 dock doors, 52-foot by 54-foot column spacing, early suppression fast response (ESFR) fire sprinklers and high-capacity parking, including 179 auto spaces and 146 trailer storage stalls.

About Ridgeline Property Group

Ridgeline Property Group (“RPG”), headquartered in Atlanta, is a privately held, commercial development and investment firm that operates throughout the United States. The company’s leadership team has over 100 years of combined experience in the commercial real estate industry and has developed in excess of 100 million square feet of industrial and office space. RPG serves as a capital deployment vehicle and a third-party operator for investors and users focused on investment-grade development and acquisition opportunities. Through its strategic relationships with both private and institutional debt and equity, the firm focuses on speculative and build-to-suit development, “value-add” acquisition projects as well as third party asset and development management opportunities. For additional information, please contact www.ridgelinepg.com.

About Cabot Properties

Cabot Properties is a private equity real estate investment firm. The firm is a leading investor, developer and operator of industrial properties throughout North America and the United Kingdom. Formed in 1986, Cabot has invested $6.2 billion in industrial real estate, managing and operating approximately 3,000 tenants in more than 140 million square feet.

Ridgeline Property Group to Develop 714,560 SF Industrial Building in McDonough, GA

Atlanta, December 9, 2014 – In a move to meet the rising demand for “class A” bulk distribution space in metro Atlanta, Ridgeline Property Group (RPG) today announced it will develop a 714,560-square-foot industrial speculative building in McDonough, GA., in the South Atlanta Industrial submarket. Clarion Partners will be RPG’s capital partner for McDonough Commerce Center, which will be built on a highly visible, 53-acre site located in the heart of Henry County’s industrial bulk submarket, directly off of the Interstate 75 and Hwy 155 interchange.

The speculative building’s modern and flexible design will provide maximum efficiency for large-scale distribution operations, including e-commerce order fulfillment. The project is scheduled to be delivered in late-summer 2015. Ben Logue and Price Weaver of Colliers International’s Atlanta office have been selected to market the property for lease.

“Atlanta’s industrial sector has rebounded strongly and the market is starved for high-quality, modern product,” said Mike Gray, President of RPG. “In particular, e-retailing has changed the landscape in the logistics arena, and this project provides sophisticated users optimal ceiling clear height, increased bay spacing, and greater car and trailer parking capacity.”

Gray added: “This state-of-the-art development enjoys an ‘A-plus’ strategic location, offering immediate access to I-75 via two interchanges in one of the most dynamic supply chain markets in the U.S. McDonough Commerce Center will enable any company to reach the Southeast US markets in one day and over 60 percent of the U.S. population in less than two.”

Located on Avalon Parkway, the project site is 1/4 mile from Exit 216 and less than 1.5 miles from Exit 218. Design features of the Class A facility include 36-foot clear heights, 56-foot-wide bay spacing, all concrete truck courts, ESFR fire suppression and high-capacity parking, including 431 car parking spaces and 160 trailer spaces (expandable to 240 trailer spaces).

RPG’s McDonough Commerce Center project announcement coincides with the ongoing resurgence of the Atlanta industrial sector, which absorbed 10.5 million square feet through third-quarter 2014. According to the Third Quarter 2014 Atlanta Industrial Market Report from Colliers International, the vacancy rate for warehouse and distribution properties is below 10 percent for the first time in nearly a decade. In addition, anticipated occupancy gains by the end of the year are expected to contribute to the highest absorption in Atlanta since 2006.

“We’re very pleased to partner with Ridgeline Property Group on this project. RPG and its team members have extensive expertise developing big-box industrial projects, and this project’s strategic location combined with the scarcity of existing space above 500,000 square feet in the Atlanta market makes this an opportune and appropriate time to develop McDonough Commerce Center,” said Thomas Flanigan, Senior Vice President of Clarion Partners.

Ridgeline Property Group’s principals have extensive experience in Henry County and have completed more than 5 million square feet of investment grade, industrial buildings in the I-75 South corridor, including distribution centers for The Whirlpool Corporation (1,504,800 SF), Georgia-Pacific (900,640 SF) and Kumho Tire (412,000 SF), among others.

About Ridgeline Property Group

Ridgeline Property Group (“RPG”), headquartered in Atlanta, is a privately held, commercial development and investment firm that operates throughout the United States. The company’s leadership team has over 100 years of combined experience in the commercial real estate industry and has developed in excess of 100 million square feet of industrial and office space. RPG serves as a capital deployment vehicle and a third-party operator for investors and users focused on investment-grade development and acquisition opportunities. Through its strategic relationships with both private and institutional debt and equity, the firm focuses on speculative and build-to-suit development, “value-add” acquisition projects as well as third party asset and development management opportunities. For additional information, please contact www.ridgelinepg.com.

About Clarion Partners

Clarion Partners has been a leading U.S. real estate investment manager for 32 years. Headquartered in New York, the firm has offices in major markets throughout the U.S., in São Paulo, Brazil and London, England, as well as a presence in Mexico. With more than $30 billion in total assets under management, Clarion Partners offers a broad range of real estate strategies across the risk/return spectrum to its more than 200 domestic and international institutional investors. More information about the firm is available at www.clarionpartners.com.

About Colliers International

Colliers International is a global leader in commercial real estate services, with over 15,800 professionals operating out of more than 485 offices in 63 countries. A subsidiary of FirstService Corporation, Colliers International delivers a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and insightful research.  The latest annual survey by the Lipsey Company ranked Colliers International as the second-most recognized commercial real estate firm in the world. For the latest international news from Colliers International, visit colliers.com/us/news or follow us on Twitter: @ColliersIntl

Ridgeline Property Group Appoints Pete Harmon As Partner To Direct Midwest Operations

Chicago, IL, November 10, 2014 — Ridgeline Property Group (RPG), has appointed Pete Harmon as Partner, based out of Chicago, Illinois. Mr. Harmon will be responsible for expanding the company’s portfolio through the acquisition and development of industrial and office opportunities in the Midwest and Southwest from Chicago to Houston.

Pete’s career spans 32 years in the commercial real estate industry where he has worked with public, private, high net worth and institutional clients in major markets throughout the United States.

He was formerly with ML Realty Partners and worked as an Executive Vice President and member of the managing board. During his tenure at the company, the entity acquired in excess of 15 Million square feet and 450 acres of land in various stages of development in Chicago, Dallas/Fort Worth and Houston.

Prior to joining ML Realty, Harmon held positions at Ryan Companies U.S. as Vice-President of Development and also at Meridian Industrial Trust as Regional Vice President.

 Greg Thurman, CEO for RPG, stated “We are excited to have Pete join our firm. His experience and abilities coupled with our national platform should be a great combination. Pete will be instrumental in opening the Midwest Region as well as expanding our presence in the State of Texas.”

About Ridgeline Property Group

Ridgeline Property Group (“RPG”), headquartered in Atlanta, is a privately held, commercial development and investment firm that operates throughout the United States. With over 100 years of combined experience in the commercial real estate industry, the company’s leadership team has developed in excess of 100 million square feet and acquired more than 50 million square feet of industrial and office space. RPG serves as a capital deployment vehicle and a third-party operator for investors and users focused on investment-grade development and acquisition opportunities. Through its strategic relationships with both private and institutional debt and equity, the firm focuses on speculative and build-to-suit development, “value-add” acquisition projects as well as third party asset and development management opportunities. For additional information, please visit the company website at www.ridgelinepg.com.

Ridgeline Property Group, Hillwood Investment Properties to Develop 1.1 MSF Industrial Building in Braselton, GA

Braselton Commerce Center will provide the largest big-box space available in the Southeast U.S.

Atlanta, October 21, 2014 – Ridgeline Property Group (RPG) and Hillwood Investment Properties (Hillwood), two leading commercial real estate development firms in the U.S., announced today their intent to jointly develop a 1,074,596-square-foot distribution building in Braselton, GA., in the I-85/Northeast submarket of Atlanta.

The facility will offer the largest block of Class “A” distribution space available in the Southeast U.S. A groundbreaking will take place November 1, 2014 and the building is scheduled to be completed in second-quarter 2015. Colliers International Atlanta has been selected to market the property for lease.

“We’re pleased to announce this partnership to develop the Braselton Commerce Center. Ridgeline and Hillwood are very strategic and selective in the projects they choose to develop and both groups have successful track records of developing big-box industrial buildings across the U.S., including Georgia,” said Mike Gray, President of RPG. “The improving economy continues to create heightened demand for quality industrial space, and we believe this is an appropriate time to develop a big-box, modern distribution center in this location.”

Located off of State Route 124, the distribution center site is less than one mile from the I- 85/Hwy 53 interchange in Braselton. The distribution facility’s modern design will provide maximum efficiency for large-scale distribution operations. Design features include 36-foot clear heights, 56-foot-wide bay spacing, all concrete truck courts, ESFR fire suppression and high- capacity trailer parking (243 trailer spaces, expandable to 466).

“The I-85/Northeast submarket offers a strategic distribution location providing access to large population centers across the Southeast U.S., but large blocks of distribution space in this corridor are extremely scarce. In fact, there is currently no space of more than 500,000 square feet available in this submarket,” said Chris Brown, Senior Vice President of Hillwood Investment Properties. “This project will meet the need for big-box space while creating significant economic development benefits for the town of Braselton and Jackson County, including hundreds of construction, warehouse and office jobs.”

Ridgeline Property Group’s Principals and Hillwood Investment Properties have developed numerous distribution buildings in Georgia. Ridgeline’s Principals have completed projects in Georgia that include the Whirlpool Corporation distribution building (1,504,800 SF) in

McDonough, GA.; A Consumer Products distribution building (900,640 SF) in McDonough, GA.; and the Southwire Corp. distribution building (399,500 SF) in Villa Rica, GA. Hillwood’s projects in Georgia include Jackson 85 Distribution Center Building 2 (1,004,400 SF) in Pendergrass, GA.; Commerce 85 Distribution Center (962,280 SF) in Commerce, GA.; and Jonesboro Commerce Center (499,960 SF) in Jonesboro, GA.

“We’re honored to be selected to market this property for lease on behalf of Ridgeline and Hillwood,” said Bob Mathews, President and CEO of Colliers International Atlanta. “This building will provide the most efficient and well-designed space for modern distribution operations and our brokerage team looks forward to leveraging their extensive experience and comprehensive marketing platform to lease up this space.”

About Ridgeline Property Group

Ridgeline Property Group (“RPG”), headquartered in Atlanta, is a privately held, commercial development and investment firm that operates throughout the United States. The company’s leadership team has over 100 years of combined experience in the commercial real estate industry and has developed in excess of 100 million square feet of industrial and office space. RPG serves as a capital deployment vehicle and a third-party operator for investors and users focused on investment-grade development and acquisition opportunities. Through its strategic relationships with both private and institutional debt and equity, the firm focuses on speculative and build-to-suit development, “value-add” acquisition projects as well as third party asset and development management opportunities. For additional information, please contact www.ridgelinepg.com.

About Hillwood Investment Properties

Hillwood Investment Properties, a Perot Company, is one of the world’s premier commercial real estate developers, investors and advisors of high-quality real estate projects that provide a significant economic impact to their region. The company was created in 1998 as a vehicle for Hillwood to develop and acquire industrial properties in locations other than AllianceTexas, its flagship project in North Fort Worth. Today, Hillwood Investment Properties is actively involved in development, acquisitions, construction, leasing and property management of premier industrial properties throughout the United States and Europe. For additional information, please contact www.hillwoodinvestmentproperties.com or www.hillwood.com.

About Colliers International

Colliers International is a global leader in commercial real estate services, with over 15,800 professionals operating out of more than 485 offices in 63 countries. A subsidiary of FirstService Corporation, Colliers International delivers a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and insightful research. The latest annual survey by the Lipsey Company ranked Colliers International as the second-most recognized commercial real estate firm in the world.

Chris Ciliberti Joins Ridgeline Property Group as Vice President of Eastern Region

Commercial real estate veteran with more than 27 years of experience will oversee development, acquisitions and operations.

Washington, D.C., July 13, 2014 – Ridgeline Property Group (RPG), a privately held commercial real estate development and investment firm, announced today that Chris Ciliberti has joined the firm as Vice President, Eastern Region. Ciliberti will focus on the firm’s acquisition and development activities, with a strong focus on projects and properties Mid-Atlantic markets. He will also oversee operations in the region.

“Chris is a recognized leader who brings a great depth of commercial real estate expertise and an outstanding track record in development and property acquisitions, as well as broad expertise in dispositions, leasing and land planning,” said Greg Thurman, CEO of Ridgeline Property Group. “We’re thrilled that Chris has joined RPG to lead our development and acquisition initiatives in the Northeast, and we look forward to the crucial role he’ll play in the ongoing growth of our business.”

Ciliberti’s extensive experience in the commercial real estate industry includes his previous role as Partner at Panattoni Development Company, where he led the firm’s development of industrial, office and retail projects in metro Washington, D.C. He also served as Vice President of Development at Akridge, overseeing the development of projects in Suburban Washington DC, while also handling land planning and land disposition activities. Prior to Akridge, he was Vice President of Leasing and Marketing at McCord Development Inc. in Houston, where he oversaw the leasing and marketing of more than 3 million square feet of office space in Dallas and Houston and directed the acquisition and renovation of 1.5 million square feet of office space.

An active leader in the commercial real estate community, Ciliberti is a member of the National Association of Industrial and Office Properties (NAIOP) and has served as Board Member of the Northern Virginia chapter of NAIOP for nearly a decade. He graduated with a Bachelor of Arts degree from Loyola University in Baltimore.

About Ridgeline Property Group

Ridgeline Property Group (“RPG”), headquartered in Atlanta, is a privately held, commercial development and investment firm that operates throughout the United States. The company’s leadership team has over 100 years of combined experience in the commercial real estate industry and has developed in excess of 100 million square feet of industrial and office space. RPG serves as a capital deployment vehicle and a third-party operator for investors and users focused on investment-grade development and acquisition opportunities Through its strategic relationships with both private and institutional debt and equity, the firm focuses on speculative and build-to-suit development, “value-add” acquisition projects as well as third party asset and development management opportunities.