Lake Meridian Marketplace

Lake Meridian Marketplace12922 SE Kent Kangley Rd.Kent, WA 98031For those with higher expectationsMichael J. Horwitzmhorwitz@capitalpacific.com503.675.8381Kevin S. Adattokadatto@capitalpacific.com503.675.7726Sean B. Macksmack@capitalpacific.com503.675.8378Scott K. Franksfrank@capitalpacific.com503.675.8383Joseph P. Blatnerjblatner@capitalpacific.com503.675.7719Gavin P. Robertsongrobertson@capitalpacific.com208.343.2916

Lake Meridian Marketplace - Photos4

Lake Meridian Marketplace12922 SE Kent Kangley Rd., Kent, WA 980315

Lake Meridian Marketplace - Area Maps & Traffic CountsADT: 14,300ADT: Average Daily TrafficSeattleSE 124th AveSE Kent Kangley RdLAKE MERIDIANMARKETPLACELakeMeridianADT: 34,793SE 132nd AveSE 272nd StKentADT: 23,000ADT: 32,485 BRADT: 34,793Connelly BlvdTacomaLAKE MERIDIANMARKETPLACE7

Lake Meridian Marketplace - Current and Proposed Site PlansProposed Site PlansPlan 1Plan 2Plan 3Disclaimer: These proposed siteplans are conceptual in nature and buyer is to complete all relevant investigation.8 8

Lake Meridian Marketplace - Income/ExpenseLake Meridian MarketplacePurchase Price: $24,790,000Capitalization Rate: 8.00%Price Per Foot (Excluding 24 HR Fitness): $93.22Plus: Stabilized Income Per Sq.Scheduled Rent 2011 $19.02 $3,310,619Plus: Rent Increases 2011 $0.02 $3,666Plus: Expense Reimbursement $4.16 $724,527Equals: Scheduled Gross Income $23.21 $4,038,813Less: Economic Vacancy @ 31% ($1,266,667)Equals: Effective Gross Income $15.93 $2,772,145Less: Operating Expenses Per Sq.CAMS $0.88 $153,555Property Taxes $1.92 $333,635Insurance $0.14 $23,585Utilities $0.94 $164,045Management Fee 3.5% of EGI $0.56 $97,025Reserves $0.10 $17,403Total Operating Expenses $4.54 ($789,248)Equals: Net Operating Income $1,982,897This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.9

Lake Meridian Marketplace - Rent RollLake Meridian Marketplace2011 MonthlyFuture Rent Increases Rent IncreasesOptions Tenant Name Unit Approx. Rentable % of SF Occupancy Date Lease ExpirationRent/SFLease TypeBase RentDate Monthly PPSF 2011Available 12900 3,250 1.87% $5,958 $22.00 NNNcomments: Landlord was is in discussions with tenant to open a bank branch @ $25.85/SF.Available 12906 1,078 0.62% $1,976 $22.00 NNNcomments: (Former Starbucks)Available 12908 1,307 0.75% $2,396 $22.00 NNNcomments: Former Knowledgepoints Learning Center.1-5 YR Olive Tree Restaurant 12910 1,300 0.75% 10/8/09 10/7/14 $1,842 $17.00 10/1/11 $1,897 $17.51 $442 NNN180 days notice comments: Option rent is fixed with 3% annual increases.10/1/12 $1,954 $18.04Fixed 10/1/13 $2,012 $18.571-4 YR Saigon Rose 12912 2,897 1.66% 4/2/01 12/31/12 $4,000 $16.57 5/1/12 $4,150 $17.19 $150 Gross180 days notice comments: Option rents are fixed at $3,621.25/mo with 3% annual increases.FixedAvailable 12916 2,565 1.47% $4,275 $20.00 NNNcomments:None Pet Clinic of Kent 12918 1,720 0.99% 7/1/00 M-T-M $2,800 $19.53 NNNcomments:Available 12920 1,415 0.81% $2,358 $20.00 NNNcomments: Former Jackson Hewitt.3-5 YR 24 Hour Fitness 12922 45,000 25.86% 6/18/08 7/31/23 $87,188 $23.25 8/1/13 $98,086 $26.16 NNN120 days notice comments: Space is part of the 56,482 SF space previously occupied by Albertson's. Option rents fixed with 12.5% increases every 5 years.8/1/18 $110,347 $29.43FixedAvailable 12926 11,501 6.61% $15,335 $16.00 NNNcomments: Former Lupita's International Market. Space is part of the 56,482 SF space previously occupied by Albertson's.None Seattle Sun Tan 12928 3,459 1.99% 2/3/04 6/30/14 $7,090 $24.60 5/1/12 $7,303 $25.34 $213 NNNcomments:5/1/13 $7,522 $26.101-5 YR The Grape Adventure 12930 2,767 1.59% 1/1/07 12/31/13 $5,710 $24.76 1/1/12 $5,881 $25.50 $855 NNN180 days notice comments: Option rent is based on the greater of CPI or 3% with 3% annual increases thereafter.1/1/13 $6,057 $26.27CPINone The UPS Store 12932 1,614 0.93% 9/1/00 8/31/15 $1,748 $13.00 9/1/11 $1,797 $13.36 $441 NNNcomments:9/1/12 $1,847 $13.739/1/13 $1,908 $14.199/1/14 $1,969 $14.64Available 12934 1,934 1.11% $3,546 $22.00 NNNcomments: Was previously occupied by The Grape Adventure until store relocation.This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.10

Lake Meridian Marketplace - Rent RollLake Meridian MarketplaceOptions Tenant Name Unit Approx. Rentable % of SF Occupancy Date Lease Expiration2011 MonthlyFuture Rent Increases Rent IncreasesRent/SFBase RentDate Monthly PPSF 2011Lease Type1-5 YR Perfect Nails 12938 1,280 0.74% 6/18/04 7/31/13 $2,675 $25.08 8/1/11 $2,755 $25.83 $803 NNN180 days notice comments: Rent increases based on CPI. Assumed 3% min for analysis.8/1/12 $2,838 $26.61FMV1-5 YR Trina Salon 12936 661 0.38% 6/18/04 6/30/13 $1,558 $28.28 7/1/11 $1,605 $29.14 $517 NNN180 days notice comments: Option rent based on FMV but not less than 3% increase with 3.5% increases per year thereafter.7/1/12 $1,653 $30.01FMV1-5 YR Sub Base 12940 644 0.37% 11/1/91 10/31/11 $1,411 $26.29 NNN180 days notice comments: Option rent is based on FMV, not to exceed 3% ofer the prior period, with annual increases based on CPI, not to exceed 3%.FMV/CPIAvailable 12950 1,083 0.62% $1,986 $22.00 NNNcomments: Former Family Chiropractic Centers.Oishi Teriyaki 12952 1,300 0.75% 3/7/00 MTM $800 $7.38 Grosscomments: Currently operating under reduced rent @ $800/mo Gross as reflected in analysis.Available 12954 1,305 0.75% $2,393 $22.00 NNNcomments: Former Optimal Health Systems1-5 YR Hunan #1 Restaurant 12958 2,120 1.22% 9/12/91 8/31/11 $3,936 $22.28 NNN90 days notice comments: Rent increase is based on a minimum CPI increase of 3% and a maximum CPI increase of 5%. Assumed a 3% increase.FMV2-5 YR Laundry Depot 12960 1,791 1.03% 11/4/08 10/31/18 $3,654 $24.48 11/1/12 $3,761 $25.20 NNN180 days notice comments: Option rents based on FMV, not less than 3%. Annual increases based on CPI.11/1/14 $3,886 $26.04FMV 11/1/16 $3,994 $26.76Available 12966 21,416 12.31% $10,708 $6.00 NNNcomments: Former 24 Hour Fitness prior to relocation2-5 YR Shari's Restaurant 12990 3,909 2.25% 4/6/92 4/5/12 $10,083 $30.95 NNN180 days noticeFMV5-5 YRcomments:Bank of America 12994 3,720 2.14% 11/25/91 11/24/11 $13,979 $45.09 NNN90 days notice comments: Option rent will be the greater of FMV or the rate paid in the last month of the preceding term. Assume they nenew with no increaseFMV1-1 YR / 3-5 YR Bartell Drug Store 13000 14,892 8.56% 5/21/90 5/31/12 $10,000 $8.06 Modified180 days notice comments: Tenant not responsible for CAM payments for remaining term. Liabilitry resumes upon renewal. One remaining option to extend for 1 year at FMV, not less thanGrossCPI $10,300/mo or greater than $11,458/mo. Remaining options will be at 75% of the increase of the CPI over the rate in the prior period.Available 13002A 1,203 0.69% $2,206 $22.00 NNNcomments:This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.11

Lake Meridian Marketplace - Rent RollLake Meridian MarketplaceOptions Tenant Name Unit Approx. Rentable % of SF Occupancy Date Lease Expiration2011 MonthlyFuture Rent Increases Rent IncreasesRent/SFBase RentDate Monthly PPSF 2011Lease TypeAvailable 13002BC 5,044 2.90% $9,247 $22.00 NNNcomments:1-5 YR State Farm 13002D 1,200 0.69% 2/1/08 12/31/13 $2,730 $27.30 3/1/12 $2,811 $28.11 $246 NNN180 days notice comments: Option rent is fixed with 3% annual increases.FixedAvailable 13002E 1,350 0.78% $2,475 $22.00 NNNcomments:None J & S Sports Pub and Grill 13004 3,151 1.81% 12/11/91 12/31/11 $7,684 $29.26 NNNcomments:None A Taste of Russia 13010 2,022 1.16% 9/18/93 9/30/11 $3,500 $20.77 Grosscomments:Available 13018 1,494 0.86% $2,241 $18.00 NNNcomments:None Edward Jones Investments 13020 1,403 0.81% 5/15/00 5/31/15 $1,992 $17.04 6/1/12 $2,052 $17.55 NNNcomments:6/1/13 $2,113 $18.086/1/14 $2,177 $18.62Available 13022 2,150 1.24% $3,583 $20.00 NNNcomments: Previously occupied by Washington Workwear.Available 13026 6,815 3.92% $8,746 $15.40 NNNcomments: Previously leased by John L Scott paying $15.40/SF.None Las Margaritas 13032 4,181 2.40% 3/27/91 3/31/12 $10,000 $28.70 NNNcomments:2-5 YR Dentistry for Kids 13034 2,651 1.52% 11/1/97 10/31/12 $4,248 $19.23 NNN120 days notice comments: Option rent is based on CPI but it cannot exceed 8% over rate in prior period.CPI2-5 YR Round Table Pizza 13036 4,469 2.57% 2/27/02 2/29/12 $6,052 $16.25 NNN180 days notice comments: First option is $7,016/MO and Second option is $8,119/MO.FixedAvailable 13035 970 0.56% $1,778 $22.00 NNNcomments:Totals: 174,031 100% $275,885 $19.02 $3,666Occupied 108,151 62% $194,678Leasable 65,880 38% $81,2076/13/2011 Capital Pacific, LLCThis information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.12

Lake Meridian Marketplace - Operating ExpensesLake Meridian MarketplaceOperating Expenses 2011 Budget Cost/SFCommentsCAMS $153,555 $0.88 Based on 2011 BudgetReimbursementsComments$137,448 See Management TabProperty Taxes$333,635$1.92Based on 2011 Budget$321,713See Management TabInsurance$23,585 $0.14 Based on 2011 Budget$22,742 See Management TabUtilities$164,045 $0.94Based on 2011 Budget$158,183 See Management TabManagement Fee $97,025 $0.56 Based on 3.5% of Effective Gross Income$84,442 See Management TabReserves$17,403 $0.10Based on $.10 per square foot$0 Non recoverableTotal Expenses $789,248 $4.54 $724,527This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.13

Lake Meridian Marketplace - ManagementTenant Name Pro Rata % Total CAM Pro Rata CAM Total Property Taxes Pro Rata Taxes Total InsurancePro RataInsuranceTotal UtilitiesPro RataUtilitiesManagement FeePro RataManagementAdmin.FeeAdmin.CollectedCommentsAvailable 1.87% $153,555.00 $2,867.61 $333,635.00 $6,230.58 $23,585.00 $440.45 $164,045.00 $3,063.51 $97,025.09 $1,811.93 0% $0.00Available 0.62% $153,555.00 $951.17 $333,635.00 $2,066.63 $23,585.00 $146.09 $164,045.00 $1,016.14 $97,025.09 $601.00 0% $0.00Available 0.75% $153,555.00 $1,153.22 $333,635.00 $2,505.65 $23,585.00 $177.13 $164,045.00 $1,232.00 $97,025.09 $728.67 0% $0.00Olive Tree Restaurant 0.75% $153,555.00 $1,147.05 $333,635.00 $2,492.23 $23,585.00 $176.18 $164,045.00 $1,225.41 $97,025.09 $724.77 15% $864.84 Admin is 15% of Total ExpensesSaigon Rose 1.66% $153,555.00 $1,800.00 $333,635.00 $0.00 $23,585.00 $0.00 $164,045.00 $0.00 $97,025.09 $0.00 0% $0.00 Gross - Pays $150/mo for trash.Available 1.47% $153,555.00 $2,263.21 $333,635.00 $4,917.36 $23,585.00 $347.61 $164,045.00 $2,417.82 $97,025.09 $1,430.03 0% $0.00Pet Clinic of Kent 0.99% $153,555.00 $1,517.63 $333,635.00 $3,297.41 $23,585.00 $233.10 $164,045.00 $1,621.31 $97,025.09 $958.93 15% $1,144.26 Admin is 15% of Total ExpensesAvailable 0.81% $153,555.00 $1,248.52 $333,635.00 $2,712.70 $23,585.00 $191.76 $164,045.00 $1,333.81 $97,025.09 $788.89 0% $0.0024 Hour Fitness 25.86% $153,555.00 $39,705.43 $333,635.00 $86,269.54 $23,585.00 $6,098.48 $164,045.00 $42,417.87 $97,025.09 $0.00 10% $3,970.54 Admin is 10% Excluding Taxes and InsuranceAvailable 6.61% $153,555.00 $10,147.82 $333,635.00 $22,048.58 $23,585.00 $1,558.64 $164,045.00 $10,841.07 $97,025.09 $6,411.99 0% $0.00Seattle Sun Tan 1.99% $153,555.00 $3,052.02 $333,635.00 $6,631.25 $23,585.00 $468.77 $164,045.00 $3,260.52 $97,025.09 $1,928.45 15% $2,301.15 Admin is 15%The Grape Adventure 1.59% $153,555.00 $2,441.44 $333,635.00 $5,304.62 $23,585.00 $374.99 $164,045.00 $2,608.23 $97,025.09 $1,542.65 15% $366.22 Admin is 15%The UPS Store 0.93% $153,555.00 $1,424.10 $333,635.00 $3,094.20 $23,585.00 $218.73 $164,045.00 $1,521.39 $97,025.09 $899.83 15% $1,073.74 Admin is 15% of Total ExpensesAvailable 1.11% $153,555.00 $1,706.45 $333,635.00 $3,707.67 $23,585.00 $262.10 $164,045.00 $1,823.03 $97,025.09 $1,078.24 0% $0.00Perfect Nails 0.74% $153,555.00 $1,129.40 $333,635.00 $2,453.89 $23,585.00 $173.47 $164,045.00 $1,206.55 $97,025.09 $713.62 15% $851.54 Admin is 15% of Total ExpensesTrina Salon 0.38% $153,555.00 $583.23 $333,635.00 $1,267.20 $23,585.00 $89.58 $164,045.00 $623.07 $97,025.09 $368.52 15% $87.48 Admin is 15%Sub Base 0.37% $153,555.00 $568.23 $333,635.00 $1,234.61 $23,585.00 $87.28 $164,045.00 $607.05 $97,025.09 $0.00 5% $971.34 Pays Admin of 5% of all CAM, tax, insurance, and rent inlieu of mgmtAvailable 0.62% $153,555.00 $955.58 $333,635.00 $2,076.22 $23,585.00 $146.77 $164,045.00 $1,020.86 $97,025.09 $603.79 0% $0.00Oishi Teriyaki 0.75% $153,555.00 $0.00 $333,635.00 $0.00 $23,585.00 $0.00 $164,045.00 $0.00 $97,025.09 $0.00 0% $0.00 GrossAvailable 0.75% $153,555.00 $1,151.46 $333,635.00 $2,501.82 $23,585.00 $176.86 $164,045.00 $1,230.12 $97,025.09 $727.56 0% $0.00This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.14

Lake Meridian Marketplace - ManagementTenant Name Pro Rata % Total CAM Pro Rata CAM Total Property Taxes Pro Rata Taxes Total InsurancePro RataInsuranceTotal UtilitiesPro RataUtilitiesManagement FeePro RataManagementAdmin.FeeAdmin.CollectedCommentsHunan #1 Restaurant 1.22% $153,555.00 $1,870.57 $333,635.00 $4,064.25 $23,585.00 $287.31 $164,045.00 $1,998.35 $97,025.09 $0.00 5% $2,772.59 Pays Admin of 5% of all CAM, tax, insurance, and rent inlieu of mgmt. 5% cap on increases on CAMSLaundry Depot 1.03% $153,555.00 $1,580.28 $333,635.00 $3,433.53 $23,585.00 $242.72 $164,045.00 $1,688.23 $97,025.09 $998.51 15% $237.04 Admin is 15%Available 12.31% $153,555.00 $18,896.25 $333,635.00 $41,056.63 $23,585.00 $2,902.34 $164,045.00 $20,187.14 $97,025.09 $11,939.77 0% $0.00Shari's Restaurant 2.25% $153,555.00 $3,449.08 $333,635.00 $7,493.95 $23,585.00 $529.75 $164,045.00 $3,684.70 $97,025.09 $2,179.33 0% $0.00 No Admin. Managament fee capped at 3.5% ofminimum rent.Bank of America 2.14% $153,555.00 $3,282.32 $333,635.00 $7,131.62 $23,585.00 $504.14 $164,045.00 $3,506.54 $97,025.09 $0.00 5% $9,108.63 Pays Admin of 5% of all CAM, tax, insurance, and rent inlieu of mgmtBartell Drug Store 8.56% $153,555.00 $0.00 $333,635.00 $28,549.47 $23,585.00 $2,018.19 $164,045.00 $14,037.49 $97,025.09 $0.00 10% $0.00 No Management. 10% Admin. CAM liability waived forremaining term. Resumes 6/1/11 upon renewal.Available 0.69% $153,555.00 $1,061.46 $333,635.00 $2,306.27 $23,585.00 $163.03 $164,045.00 $1,133.97 $97,025.09 $670.69 0% $0.00Available 2.90% $153,555.00 $4,450.54 $333,635.00 $9,669.86 $23,585.00 $683.57 $164,045.00 $4,754.57 $97,025.09 $2,812.11 0% $0.00State Farm 0.69% $153,555.00 $1,058.81 $333,635.00 $2,300.52 $23,585.00 $162.63 $164,045.00 $1,131.14 $97,025.09 $669.02 15% $158.82 Admin is 15%Available 0.78% $153,555.00 $1,191.16 $333,635.00 $2,588.09 $23,585.00 $182.95 $164,045.00 $1,272.54 $97,025.09 $752.65 0% $0.00J & S Sports Pub and Grill 1.81% $153,555.00 $2,780.26 $333,635.00 $6,040.79 $23,585.00 $427.03 $164,045.00 $2,970.19 $97,025.09 $0.00 5% $5,221.31 Pays Admin of 5% of all CAM, tax, insurance, and rent inlieu of mgmtA Taste of Russia 1.16% $153,555.00 $720.00 $333,635.00 $0.00 $23,585.00 $0.00 $164,045.00 $0.00 $97,025.09 $0.00 0% $0.00 Tenant pays $60/mo for utilities.Available 0.86% $153,555.00 $1,318.22 $333,635.00 $2,864.15 $23,585.00 $202.47 $164,045.00 $1,408.27 $97,025.09 $832.93 0% $0.00Edward Jones Investments 0.81% $153,555.00 $1,237.93 $333,635.00 $2,689.69 $23,585.00 $190.14 $164,045.00 $1,322.50 $97,025.09 $782.20 15% $185.69 Admin is 15%Available 1.24% $153,555.00 $1,897.04 $333,635.00 $4,121.77 $23,585.00 $291.37 $164,045.00 $2,026.63 $97,025.09 $1,198.66 0% $0.00Available 3.92% $153,555.00 $6,013.17 $333,635.00 $13,065.04 $23,585.00 $923.58 $164,045.00 $6,423.95 $97,025.09 $3,799.47 0% $0.00Las Margaritas 2.40% $153,555.00 $3,689.08 $333,635.00 $8,015.40 $23,585.00 $566.62 $164,045.00 $3,941.09 $97,025.09 $0.00 4% $1,720.00 Pays Admin of 4% of all CAMs and rent in lieu of mgmtDentistry for Kids 1.52% $153,555.00 $2,339.09 $333,635.00 $5,082.23 $23,585.00 $359.27 $164,045.00 $2,498.88 $97,025.09 $1,477.98 15% $350.86 Admin is 15%Round Table Pizza 2.57% $153,555.00 $3,943.19 $333,635.00 $8,567.52 $23,585.00 $605.65 $164,045.00 $4,212.57 $97,025.09 $2,491.54 15% $591.48 Admin is 15%Available 0.56% $153,555.00 $855.87 $333,635.00 $1,859.59 $23,585.00 $131.46 $164,045.00 $914.34 $97,025.09 $540.79 0% $0.00TOTAL 100.00% $137,448 $321,713 $22,742 $158,183 $52,464 $31,978This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.15

Tenant Overviews - Major TenantsBank Of America2009 Revenue: $150.45BTicker Symbol: NYSE: BACBank of America Corporation is a fi nancial services company, the largest bank holdingcompany in the United States, by assets, and the second largest bank by marketcapitalization. Bank of America serves clients in more than 150 countries and has arelationship with 99% of the U.S. Fortune 500 companies and 83% of the Fortune Global500. The company is a member of the Federal Deposit Insurance Corporation and acomponent of both the S&P 500 Index and the Dow Jones Industrial Average. As of 2010,Bank of America is the 5th largest company in the United States by total revenue, as wellas the second largest non-oil company in the U.S.Sharris2008 Revenue: $170.30 MLocations: 100+Shari’s Management Corporation owns and operates more than 100 Shari’s familyrestaurants in six states (primarily in the Northwest) that serve breakfast, lunch, anddinner 24 hours a day. The chain of eateries offers standard American fare, such aspancakes and eggs, sandwiches and burgers, and beef, chicken, and pasta dishes, as wellas a selection of appetizers and desserts. The company is owned by a group of privateinvestors led by Circle Peak Management. Ron and Sharon (Shari) Berquist opened thefi rst Shari’s in Hermiston, Oregon, in 1978.State FarmState Farm is a family of insurance and fi nancial services companiesthat together serve tens of millions of customers in the U.S. and Canada.Its many lines of business together offer over 100 products.The UPS Store2009 Revenue: 85.21BTicker Symbol: NYSE - UPSLocations: 4,800The UPS Store along with its ownership of Mail Boxes Etc. is the worlds largest franchisorof retail shipping, postal, document and business service centers. UPS headquartersare located in Atlanta, Georgia and currently employ over 400,000 people. As of 2009,UPS operated a fl eet of over 100,000 package vehicles and over 500 aircraft. UPSwas founded in 1907 and now operates in three segments: U.S. Domestic Package,International Package, and Supply Chain & Freight.24 Hour Fitness24 Hour Fitness, owned by Forstmann Little & Co., is theworld’s largest privately owned and operated fi tness center chain with over 400 locationsin 17 states and three countries. It presently boasts more that 3.5 million members andover $1.3 billion in annual revenue. 24 Hour Fitness was ranked #1 in Club Industry’sTop 100 list and has been on Forbes Top 500 largest private company list multiple times.Fitness Magaine voted 24 Hour Fitness “Best Gym in America” in 2010. 24 Hour Fitnesscurrently has 14 clubs in the Portland Metro area. www.24HourFitness.com16

Lake Meridian Marketplace - Area OverviewKent, WAThe City of Kent is the fourth largest city in King County, with a culturally rich population of88,380. It covers a geographic area of 29 square miles. Kent’s population is projected togrow to 100,000 within the next few years. Conveniently located directly between the cities ofSeattle and Tacoma, Kent has several distinct neighborhoods and commercial districts withinits boundaries.During the next ten years, Kent will become a regional banking center; have the largestconcentration of King County governmental services outside of Seattle; and become the focalpoint for international commerce. During this transitional phase and thereafter, the City ofKent will offer a wide range of employment opportunities.Population1 Mile 3 Miles 5 Miles2000 Population 11,359 69,276 155,0912010 Population 12,381 81,502 175,6192015 Projected Population 13,181 88,206 187,442010 Average Household Income1 Mile 3 Miles 5 MilesMedian Household Income $76,467 $75,776 $74,525Average Household Income $85,433 $86,363 $82,762Kent is a city just coming into its potential as a major specialty shopping and play area. Fromits farm roots to manufacturing prowess, innovation is shaping the community. Recognizedfor its cultural celebrations, outstanding sports programs, diverse economic base includingcorporate offi ces, manufacturing, distribution/logistics, retail, cultural shops and eateries,Kent is the premier location for business, after-work hours, and a great place to raise yourfamily.Kent’s top employers include The Boeing Company, Mikron Industires, Oberto SausageCompany, Sysco Food Service and REI. The Kent Valley is home to a growing volume of classA wired offi ce space and one of the largest warehouse and distribution centers in NorthAmerica. With its ideal location as the hub of South King County, Kent connects to the greaterPuget Sound via Interstate 5 and fi ve other state highways and is now served by the SounderCommuter Rail.17