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LEHIGH VALLEY INDUSTRIAL MARKET – MAJOR CONCENTRATIONS

                                                                              Saylorsburg                        512        Delaware                     Independence
                     903
                                                                                                   Roseto                                                 Township
             Jim Thorpe             Beltzville                                                                                                                                   Budo Lake
         209
                                    State Park
 Nesquehoning LEHIGH V ALLEY BULK FUNDAMENT ALS                                             Pen Argyl  Bangor       611                        Liberty
                             476
                                                                                                                                                                                  Mt Olive
                   209
           Inventory (Total)        209    101.7 MSF        Kunkletown                     512                                                                   Hackettstown  46  Township
           Inventory (Class A)  74         30.9 MSF                                                                                       46
                  Lehighton
           Direct Vacancy (Total)          4.2%  Little Gap     State Game                                                Belvidere
             902
                        248
                                                                                                                                       Oxford
           Direct Vacancy (Class A)        2.8%                 Lands No 168                                                   White  Township                  Beattystown
                                   Palmerton
           Net Absorption (2015-2017 YTD)  12.97 MSF                                          191
                        Bowmanstown
                                               Danielsville
      443
                  Ashfield                                 946                             Belfast    Martins Creek                          31            57             Long Valley
              895                     145                                512                                    Hutchinson              Washington                    Washington
                                                                                                                                          Twp
                                                                                                                                                                      Township
     Andreas                       Slatington   248                   987             Eastlawn  33                                       Washington
                              Emerald                                                 Gardens  Tatamy   611     Harmony
                                   873                                              Nazareth                                                             Lebanon
                                                                              248                         I-78
                                                                                 946                                                                     Township
                                                                                                            Lopatcong
                                                  145                   Bath                            L O G IS T IC S  P A R K  57                              Califon
                 Germansville                                           512        191      248
                             Newside  Neffs                                                                        Stewartsville     Asbury   Glen Gardner               Tewksbury
                      Pleasant                      Northampton                                   Easton        22
           New Tripoli  309 Corners                                  987                  22
     143                       Schnecksville     329                                                         122
                                                                                              Glendon  75          3                  Bethlehem        High Bridge
                                                               Lehighvalley INTL                                          4                    Spruce Run
                                                    Whitehall                                                                 7                Recreation
                                                                                                                78                               Area                            24
                                                                               Middletown                                              11             Clinton     20A  20B  78
                                                                                                                                                                   Lebanon
                                                                                                     SURGING ABSORPTION AND RATES (2016)           15   17  18
                                                                                                            Pohatcong
                                                                                                                                              12
                                                                                           71
                                                                                                                                             Union
 Kempton   863                           476                          378  Bethlehem                 Tenant                   RSF       NNN Rate              Round Valley   22
                                                                                                                                                               Recreation
   737                                                                                                                                      Township            Area         Whitehouse
                              100                    Allentown                          78           Wasserstrom            175,000       $5.75                                Station
                                                                     Fountain Hill                                                                           31           Dreahook
                                                                                                     Barry Callebaut
                                                       222                          67               Riegelsville   Holland  527,168      $5.78
                                        22  56                             55                                                     Alexandria
                 New         Fogelsville                                                      Durham
      Grimville                                              145              Hellertown             Tesla                  130,971       $5.30
  78           Smithville   51                 53
                                                  54A                                                Envases Universales  Milford 120,000  $5.25
                                          222              78                                    212           32                                Franklin
                       863                                     60A  60B
     737                           Trexlertown                  Lanark  378        412               Ryder (Verizon)       1,200,000      $5.30
                           222                                      309                              Just Born              104,000       $5.35
                               Breinigsville         Emmaus
                                                                                                   412   Ferndale
                                                                                                                            243,360
                                       100                                                           Central Garden & Pet  Frenchtown     $5.05
       Kutztown                                    29                                                TAGG Logistics         106,080       $5.35                        202
                                                                                                             Revere
                                   Alburtis  Macungie        Limeport  Coopersburg                                           32              12              Flemington
                    Topton                          Vera Cruz                                               611
                                                                                                     FedEx Ground
                                                                                                 State Game                 400,000       $5.25
 Moselem                                                                                         Lands No 157               538,650       $5.21
                                                                                                     Cal Cartage
 Springs   Lyons                                                      Zionhill       212
                                                   Zionsville  476
                                  Seisholtzville                                 Richlandtown     563  Behr Pain Ottsville  241,000  Kingwood $5.21
            Dryville                                                        309                      East Penn Manufacturing   650,000    $5.28
                     Fredericksville                Hosensack
          New Jerusalem         Huffs Church                                                                         Tinicum                                        East Amwell
                                             100                  44         Quakertown                      113                                                     Township
                                                          Spinnerstown
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