Timonium Two

TIMONIUM TWO 1954 Greenspring Drive

Our PHILOSOPHY . We believe if you do the right thing, your business will prosper. Leroy Merritt, who founded our company more than four decades ago, often completed deals on a handshake and that level of trust and respect continues at our company today.

TIMONIUM TWO 1954 Greenspring Drive

TABLE OF CONTENTS

Property Overview

1

Baltimore County Quick Facts

2

Building Specifications and Site Plan

3

Aerial & Surrounding Amenities

5

Tenant Improvement Standard Workletter

7

Heating, Ventilation & Air Conditioning System

9

Timonium Two DOWNTOWN ST YLE . SUBURBAN EASE .

Fronting I-83 just north of the Baltimore beltway, this stunning seven-story glass building provides downtown sophistication and amenities with the ease and access of a suburban setting. Developed by Merritt Properties and Bavar Properties Group, Timonium Two is a seven-story, Class A office building, offering a prime location in the heart of the Timonium business district.

“Each and every person at Merritt with whom we have worked has performed their job in a totally professional and conscientious manner and has been a pleasure to work with. We could not be more pleased to be your partner and tenant and look forward to our partnership for many years to come.”

– CHARLES L. BURMAN CEO, BAKERY EXPRESS

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BALTIMORE COUNTY QUICK FACTS:

From the magnificent two-story marble lobby to the computerized state-of-the-art HVAC system with full redundancy, Timonium Two is built to superior specifications to serve a diverse corporate clientele. Generous floor plates can accommodate up to 18 corner offices, with 9’ ceiling heights and classic finishes throughout the common areas. The building’s five high-speed traction elevators, card access system and lobby attendant during standard business hours provide maximum accessibility and security for resident companies and guests. Other building amenities include on-site owner management, secure fitness center, community conference room, full-service deli and covered parking. For added convenience, Timonium Two is adjacent to the Crowne Plaza Baltimore North, with close proximity to the Timonium Business Park light rail stop. In addition, the surrounding business district offers an array of professional support services, dining, shopping and hospitality. With an impressive roster of resident companies, Timonium Two offers both elegance and access within a thriving business community.

• Twenty-four years since the last income tax rate increase • Less than 1% of U.S. counties share Baltimore County’s AAA rating from Moody’s, S&P and Fitch • No gross receipts tax on manufacturers, corporate franchise tax, unitary tax profits, separate school tax, sales or property tax on R&D equipment • Population: 805,029 • Households: 315,542 • Largest job center in seven-county Baltimore Metro region with 393,997 jobs • Exceptional workforce strength in information technology, engineering and scientific talent. • 20 colleges and universities in the region including Johns Hopkins and University of Maryland. For more information, contact the Baltimore County Department of Economic Development. 410.887.8000/businesshelp@baltimorecountymd.gov

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Timonium Two BUILDING SPECIFICATIONS:

• One of Baltimore County’s premier office buildings • 200,000 +/- SF Class A office building • Visibility from I-83 • Easy access to I-83 and York Road with close proximity to the light rail system • Efficient floor plans (up to 28,000 SF) accommodating up to 18 corner offices per floor • 9’ clear ceiling height with premium parabolic light fixtures • Card access security system • Computerized state-of-the-art redundant HVAC system • Five high-speed traction elevators • Ample parking ratio of 4/1000 SF with many spaces under cover • On-site owner management provided by our partner Bavar Properties Group, LLC • FiOS service available • Common Conference Center • Full-service deli • Full access to fitness center

1954 Greenspring Drive Timonium, Maryland 21093 SITE PLAN

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Timonium Two 1954

Deck Parking Covered Parking Below

Wellco Road

2010 Suburban Office Park Award of Excellence 2010 Pinnacle Award Environmental Initiative

– BUILDING OWNERS & MANAGERS ASSOCIATION (BOMA)

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Timonium Two AERIAL & SURROUNDING AMENITIES

• Crowne Plaze Hotel - 0.1 miles away, offers over 24,000 SF of flexible meeting space

• Red Roof Inn - 0.4 miles away

• Holiday Inn - 1.5 miles away

• BlueStone Restaurant - 0.4 miles away

Red Roof Inn

• Aylesbury Business Park - 0.3 miles away. Includes: Baltimore Coffee & Tea, Core Fitness, Rebounders, U.S. Martial Arts Academy • Fairgrounds Plaza - 0.5 miles away. Includes: Columbia Bank, Hallmark, Pasta Blitz, PetSmart, REI, Rite-Aid, Superfresh Grocery, Yamato Sushi • Timonium Crossing - 0.6 miles away. Includes: American Radiology, Baja Fresh, Mattress Giant, TCBY, Victor’s Café • Yorkridge Shopping Center - 0.8 miles away. Includes: Charred Rib, Edible Arrangements, Kohl’s, Loehmann’s, M&T Bank, Michael’s Arts & Craft Store, Old Navy, Mom’s Organic Market

Holiday Inn

Crowne Plaza Hotel

Timonium Two

5

Maryland Fairgrounds

• I-695 to Exit 24 (I-83 North) • Take first exit, Timonium Road - East • At first light, right on Greenspring Drive • Right on Wellco Road • Timonium Two straight ahead

D I R E C T I ONS

Timonium Crossings Shopping Center

Timonium Roa d

York Road

Greenspring Drive

Aylesbury Ro ad

Timway Driv e

Light Rail Station

Wellco Road

BlueStone Restaurant

Aylesbury Business Center

6

Tenant Improvement Standard

WORK LETTER

Tenant space will be constructed per the following standards:

Partitions: ½” sheetrock over 3 ⅝ ” metal studs at 16” on center with batt insulation. Finish will be two coats of flat latex, Sherwin Williams low-VOC paint with one painted accent wall per office. Ceilings: Suspended grid system with Armstrong 2’x4’ second look tegular fissured acoustical ceiling tiles. Laid in a white metal grid. The ceiling height will be approximately 9’. Lighting: T-8 parabolic fixtures - 3 tube, 277 volt 2’x4’ lay-in. Lighting will provide approximately 50 -foot candles at 30” above finished floor. Lights will be controlled by a combination of switches and occupancy sensors.

“Merritt was incredibly accommodating. Doing business with a firm that – like ours – emphasizes integrity, quality and customer service was a pleasure.”

– EDWARD J. NEMEC, MANAGING PARTNER, NEW YORK LIFE

7

SINGLE-STREAM RECYCLING SERVICE

The single-stream recycling service allows you to add commingled recyclables to your cardboard and paper container. Once collected, the material is taken to a recycling site where it is sorted and processed appropriately. Acceptable Recycling Items • Cans (aluminum, tin, steel, empty aerosol, etc.) • Brown paper bags • Cardboard • Catalogs, magazines and phone books • Chipboard (cereal boxes, shoe boxes, etc.) • Paper (colored, computer, white ledger, etc.) • Newspapers, envelopes and junk mail

Floor Covering: Mohawk or Patcraft Green Label Plus 28-ounce broadloom with a 4” vinyl cove wall base. Adhesives will meet low-VOC requirements set by LEED. Interior Doors: Mohawk Green Series 3’x8’ urea formaldehyde-free solid core with wood veneer. Hardware and hinges will be brushed aluminum. Handle will be lever style. Offices will have 1’6”x6’ sidelight. Entrance Doors: Mohawk Green Series 3’x8’ urea formaldehyde-free solid core doors with sidelights and mortise locksets. Spaces 5,000 SF or greater will be 3’x8’ double frameless glass doors with polished chrome hardware and semi-concealed hinges. Kitchen Area: Spaces 5,000 SF or greater will have 8’ of base and overhead cabinets with stainless steel sink. Cabinet finish will be standard oak. One plumbing connection will be provided for a coffee maker. All kitchen flooring will be solid vinyl or VCT. Adhesives will meet low-VOC requirements set by LEED. Fire Protection: Complete system will be provided per code. Sprinkler heads will be chrome semi-concealed. Electrical: Convenience outlets will be provided throughout the space. Three outlets per private office along with one outlet every 15 linear feet of open area partitioning. HVAC: The tenant area HVAC system utilizes an overhead air distribution. Cooling is provided through variable air volume (VAV) rooftop units in combination with fan-powered VAV terminal units. Heating is supplied through the fan-powered VAV terminal units with a hydronic heating loop.

• Plastic bottles and jugs • Glass bottles and jars

Non-Acceptable Recycling Items • Aluminum foil • Paper towels • Plastic grocery bags (please return to your supermarket)

• Plastic wrap • Light bulbs • Porcelain or ceramics • Batteries • Film cannisters • Styrofoam • Painted or treated wood

8

Heating, Ventilation and

AIR CO NDITIONING SYSTEM

The heating, ventilation and air conditioning (HVAC) system serving 1954 Greenspring Drive provides year-round temperature and ventilation that meets or exceeds all applicable code and industry standards as defined by the American Society of Heating, Refrigerating and Air- Conditioning Engineers, Inc. (ASHRAE). Air conditioning is accomplished via a central water-cooled chiller plant, sixteen (16) chilled water variable air volume air handling units (VAV AHU), and one (1) constant volume air handling unit (AHU). Each variable air volume AHU supplies conditioned air through medium pressure sheet metal ductwork located above the suspended ceiling to the VAV terminal units. Fan powered VAV terminal units deliver conditioned air to the building perimeter spaces and single-duct VAV terminal units are used

“We gave Merritt an opportunity to deliver a first-class project on a short schedule and that is what was delivered. In short, Merritt delivers what they promise.”

– TED D’ANNA EXECUTIVE VICE PRESIDENT, MARS SUPER MARKETS, INC.

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for the interior spaces. The VAV terminal units distribute the supply air through low pressure sheet metal ductwork to ceiling mounted diffusers throughout the building. Diffusers can be arranged in various configurations to meet the tenant’s requirements. Each VAV AHU has an economizer cycle providing additional energy savings. The AHUs and VAV terminal units provide continuously filtered tempered air. Positive building ventilation is provided by the AHUs to assure a fresh inside environment. Building heating is accomplished by perimeter hot water finned tube baseboard heaters supplied from the building hydronic heating system. The temperature of each unit is controlled by perimeter thermostats. The hot water used within the hydronic heating system is generated by high-efficiency gas-fired boilers, each of which has additional capacity for reliability and economic control operation. This assures an even “blanket” of heat at the exterior wall and glass. A building “morning warm-up” cycle is accomplished via AHU hot water heating coils and optimized start programming to provide further energy savings and assure building comfort at morning occupancy.

The overall heating, ventilating and air conditioning system serving the building is monitored and controlled by a direct digital computer based control system. The control system automatically coordinates the function of all mechanical components to assure economical and reliable operation. The system may be monitored within the building and remotely for failures of equipment or operating criteria outside of pre-set levels. The HVAC system is designed to maintain a 72º Fahrenheit temperature (+/- 2º) with summertime relative humidity levels at 50% with a 5% +/- variance. The building has a night set back mode whereby interior temperatures will seasonally vary outside the target temperature.

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“You are faced with many options in today’s market, but after we moved into our new offices at Merritt we felt like we were home!”

– MARC D. KANTROWITZ, MANAGING DIRECTOR PHS LIMITED, TOWSON, MARYLAND

FOR ADDITIONAL INFORMATION OR TO SCHEDULE A TOUR, CALL 410.298.2600 OR EMAIL: Pat Franklin | pfranklin@merrittproperties.com Whit Levering | wlevering@merrittproperties.com Ashley Combs | acombs@merrittproperties.com Lauren Lindsay | llindsay@merrittproperties.com

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CORPORATE OFFICE 2066 Lord Baltimore Drive Baltimore, MD 21244 410 298 2600 phone 410 298 9644 fax

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www.MerrittProperties.com