U.S.

INDUSTRIAL MARKETVIEW
TEAM PORTER
Q1 2014
NET ABSORPTION
44.8 MSF
EXECUTI VE SUMMARY
Growing at a seasonally-adjusted
annualized rate of 0.1%, U.S.
economic growth slowed during Q1
2014, as a harsh winter and reduced
export demand slowed business
investment a trend we do not expect
to continue through the remainder of
2014.
Mismatch of supply and demand
continued to drive availability down
in most markets; the U.S. industrial
availability rate marked its 14th
consecutive quarterly decrease, with
a quarter-over-quarter drop of 20
basis points to 11.1%.
New supply remained historically low
during Q1 2014 - more than half of
all national industrial construction
occurred in only fve markets.
Large warehouse space enjoys
signifcant pricing power that has
allowed its rent levels to keep pace
with smaller space, despite a much
higher peak availability and rate of
completions.
I NDUSTRI AL NNN ASKI NG RATE
East Region
Philadelphia $3.86
New Jersey Northern $5.88
New Jersey Central $4.86
Baltimore $5.98
Boston $6.82
West Region
Los Angeles Metro $7.32
Inand Empire $4.56
Phoenix $6.60
Seattle $6.89
Orange County $8.04
MARKET STATI STI CS
Top 10 Ind. Markets by Size (% Available)
1. Chicago 8.2%
2. Los Angeles 6.3%
3. Dallas/Ft. Worth 10.9%
4. Atlanta 14.6%
5. Detroit 11.6%
6. Houston 8.1%
7. Philadelphia 10.7%
8. Inland Empire 7.8%
9. N.J. Northern 9.1%
10. N.J. Central 10.2%
Top 5 Most Active Ind. Markets
1. Atlanta
2. Cincinnati
3. Kansas City
4. Palm Beach
5. Detroit & Miami
Top 5 Busiest U.S. Ports
1. Los Angeles/Long Beach
2. New York
3. Savannah
4. Seattle
5. Norfolk
Top 5 Most Unionized States
1. New York 25.8%
2. Alaska 24.5%
3. Hawaii 23.6%
4. Washington 19.7%
5. Rhode Island 17.8%
Top 5 Least Unionized States
1. Arkansas 4.1%
2. Mississippi 4.2%
3. South Carolina 4.7%
4. North Carolina 4.8%
5. Utah 5.4%
Source: CBRE Research
Source: U.S. Bureau of Labor Statistics
Source: CBRE Research
FOR MORE
I NFORMATI ON
PLEASE CONTACT
John Porter
Executive Vice President
CBRE Energy | Infrastructure
404.229.4852
john.porter@cbre.com
Midwest Region
Chicago $4.39
Detroit $4.55
Minneapolis/St. Paul $5.40
Cleveland $4.51
Cincinnati $3.82
South Region
Dallas/Ft. Worth $4.03
Atlanta $3.49
Houston $5.73
Memphis $2.67
Nashville $3.85
AVAILABILITY RATE
11.1%
LEASE RATE
$5.29 PSF
CONSTRUCTION COMPLETION
24.7 MSF
PAGE 2
OVERVIEW
The Porter team has more than 25 years of corporate real estate
experience and a strong track record of success in multiple markets in the
U.S., Canada and Mexico. The team has completed more than 100M
SF of transactions and developed more than 2,000 acres of land for an
aggregate value of $1B.
TRACK RECORD
As strategic advisors and transaction managers for corporations, the
Porter Team has a strong track record of success in the execution of
corporate real estate assignments. The team is an industry leader
in process, providing strategy and execution for small and complex
transactions.
Recent assignments include portfolio management, leasing assignments,
corporate disposition and customized build-to-suit. Extensive underwriting
and market due diligence are the cornerstone of the execution process
with documented results. Processes include detailed market information,
financial analysis, bidding, negotiations and project management.
SERVICES
Leasing
Acquisitions
Dispositions
Build-to-suit
Sale / Leaseback
Portfolio Overview / Strategy
CRE Cost vs. Market Analysis
Lease Administration / Audit
REPRESENTATIVE CLIENTS
PAGE 3
JOHN PORTER
EXECUTIVE VICE PRESIDENT
JohnPorter is a top producer and industry leader with CBRE, a global
Fortune 500 company. He has 23 years of experience with the company
and currently is the head of CBRE Energy | Infrastructure, focused on the
development of energy and supporting infrastructure. In a prior assignment,
Porter formed and led CBREs industry-leading Global Supply Chain Group.
Porter and his team have grown from their corporate real estate background,
completing more than 100 million square feet of projects in the top markets
throughout North America. His team exhibits a strong track record of success
executing major projects for the worlds top companies and investors.
Porter leads CBRE Energy | Infrastructures expansion into the market
with a focus on upstream, midstream, downstream, power generation
and supporting infrastructure in top global markets. His expertise includes
strategy, advisory, development, capital markets and operations.
Current assignments include CRE build to suit/consolidation projects,
upstream, midstream and downstream portfolio development, solar
generation development and redevelopment of power plant assets.
ACHIEVEMENTS
CBRE Top Industrial
Producer
Col bert Col dwel l
Circle, CBRE
Co-Chairman, Porter
Foundation
EDUCATION & CREDENTIALS
M.B.A., University of
Southern California
B.S., Management,
Georgia Tech
Scholarship Athlete, 3
Year Football Letterman
404. 229. 4852
j ohn. por t er @c br e. c om
PAGE 4
CORPORATE REAL ESTATE REPRESENTATIVE CLIENT LIST
LEASE ACQUISITION
General Electric City Of Industry, CA USA 1,300,000 SF
Kuehne + Nagel Cuautitlan Izcalli, Tepotztlan Mexico 940,762 SF
PepsiCo Atlanta, GA USA 911,420 SF
Mercedes-Benz Tuscaloosa, AL USA 902,800 SF
BMW Lower Nazareth Township, PA USA 870,000 SF
Kuehne + Nagel Southaven, MS USA 866,064 SF
Kuehne + Nagel Ontario, CA USA 766,235 SF
General Electric Atlanta, GA USA 725,000 SF
Harmony Logistics Pickering, Ontario Canada 714,096 SF
Musician's Friend Kansas City, MO USA 702,000 SF
Kuehne + Nagel Memphis, TN USA 550,000 SF
CDW Logistics North Las Vegas, NV USA 513,240 SF
Standard / UTI Grand Prairie, TX USA 507,984 SF
Kuehne + Nagel Rialto, CA USA 493,875 SF
Kuehne + Nagel Cuautitlan Izcalli, Tepotztlan Mexico 481,320 SF
Kuehne + Nagel Cranbury, NJ USA 443,803 SF
Kuehne + Nagel McDonough, GA USA 440,000 SF
Kuehne + Nagel Rialto, CA USA 436,650 SF
APL Logistics Shreveport, LA USA 420,260 SF
Payless ShoeSource San Bernardino, CA USA 414,382 SF
APL Logistics City Of Industry, CA USA 400,000 SF
ServiceCraft Logistics Grand Prairie, TX USA 377,070 SF
Circuit Logistics Hamilton, Ontario Canada 349,700 SF
Kuehne + Nagel Stockbridge, GA USA 335,087 SF
Kuehne + Nagel Stockbridge, GA USA 332,392 SF
Kuehne + Nagel Stockbridge, GA USA 329,957 SF
BMW Redlands, CA USA 326,509 SF
C&H Milwaukee, WI USA 316,548 SF
Subaru Douglasville, GA USA 306,772 SF
BMW Minooka, IL USA 306,240 SF
Harman International Union City, GA USA 305,000 SF
Kuehne + Nagel Durham, NC USA 303,241 SF
Kuehne + Nagel McDonough, GA USA 302,500 SF
Kuehne + Nagel Rancho Cucamonga, CA USA 296,250 SF
APL Logistics Atlanta, GA USA 296,000 SF
Kuehne + Nagel Clayton, NC USA 293,964 SF
MotoSport Inc. Southhaven, MS USA 291,672 SF
BMW Lancaster, TX USA 282,349 sf
Kuehne + Nagel Stockbridge, GA USA 277,517 SF
Kuehne + Nagel Rancho Cucamonga, CA USA 276,608 SF
Kuehne + Nagel Stockbridge, GA USA 275,333 SF
APL Logistics Phoenix , AZ USA 263,169 SF
Kuehne + Nagel City Of Industry, CA USA 260,911 SF
BMW Stockton, CA USA 250,000 SF
Kuehne + Nagel Garland, TX USA 250,000 SF
Kuehne + Nagel Naugatuck, CT USA 247,500 SF
Kuehne + Nagel Sheffield Village, OH USA 243,000 SF
Standard / UTI Elizabeth, NJ USA 233,283 SF
BMW New York City, NY USA 227,782 SF
Kuehne + Nagel Memphis, TN USA 225,000 SF
DHL College Park, GA USA 219,780 SF
Kuehne + Nagel Louisville, KY USA 216,000 SF
Kuehne + Nagel East Point, GA USA 211,010 SF
Kuehne + Nagel Carlisle, PA USA 208,000 SF
Kuehne + Nagel McCarran, NV USA 208,000 SF
Kuehne + Nagel Houston, TX USA 160,000 SF
Kuehne + Nagel Durham, NC USA 155,420 SF
Kuehne + Nagel Zapopa, Jalisco Mexico 131,126 SF
Great Lakes Chemical Corporation Pickering, Ontario Canada 125,000 SF
Tracker Logistics Nisku, Alberta Canada 108,000 SF
Industriaplex Atlanta, GA USA 103,892 SF
Connect Logistics Edmonton, Alberta Canada 95,716 SF
LEASE DISPOSITION
Sumitomo Corporation Carson, CA USA 338,274 SF
Kuehne + Nagel Lewisville, TX USA 267,902 SF
Lights, Camera, Interaction, Inc Stockton, CA USA 209,560 SF
Standard / UTI Ontario, CA USA 195,778 SF
Kuehne + Nagel Tracy, CA USA 178,750 SF
Kuehne + Nagel Fontana, CA USA 157,008 SF
Kuehne + Nagel Davenport, FL USA 140,661 SF
SALE
Musician's Friend Kansas City, MO USA 702,000 SF
Kuehne + Nagel Iztapalapa, Mexico City Mexico 290,324 SF
Kent Enterprises Acworth, GA USA 30,000 SF
BMW Oakridge North, TX USA 13,741 SF
PURCHASE
Tracker Logistics Edmonton, Alberta Canada 160 Acres
Panattoni Development Kansas City, MO USA 70 Acres
REI Bedford Township, PA USA 43.94 Acres
Belk Jackson, MS USA 31.15 Acres
Medline Industries Douglasville, GA USA 448,312 SF
Ole Mexican Foods Norcross, GA USA 360,460 SF
PROJECT FINANCE
Perry Uniontown Ventures I, LLC Uniontown, AL USA 1,325 Acres
Troy Hydro San Rafael, Nayarit Mexico 28.8 MW