Timonium One

TIMONIUM ONE 1966 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 ONE 1966 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 One DOWNTOWN ST YLE . SUBURBAN EASE .

Fronting I-83 just north of the Baltimore beltway, this stunning six-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 One is a six-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

1

BALTIMORE COUNTY QUICK FACTS:

From the magnificent two-story marble lobby to the computerized state-of-the-art HVAC system with full redundancy, Timonium One 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 four 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. For added convenience, Timonium One 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 One 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

2

Timonium One BUILDING SPECIFICATIONS:

• One of Baltimore County’s premier office buildings • 163,736 SF Class A office space • Easy access to I-83 and York Road with close proximity to the light rail system • Impressive two-story marble lobby • Efficient floor plans (up to 29,000 SF) accommodating up to 18 corner offices per floor • 9’ clear ceiling height with premium parabolic light fixtures • Card access security system • Variable air volume air conditioning system with gas fired hot water perimeter heating • Four high-speed traction elevators • Ample parking ratio of 4.5/1000 SF • 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 located in Timonium Two

Wellco Road

1966 Greenspring Drive Timonium, Maryland 21093 SITE PLAN

3

Timonium One 1966

Timway Drive

Greenspring Drive

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

– BUILDING OWNERS & MANAGERS ASSOCIATION (BOMA)

4

Timonium One 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 • 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.

Red Roof Inn

Includes: Columbia Bank, Hallmark, Pasta Blitz, PetSmart, REI, Rite-Aid, Superfresh Grocery, Yamato Sushi

Holiday Inn

• 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

Crowne Plaza Hotel

5

Maryland Fairgrounds

• I-695 to Exit 24 (I-83 North) • Take first exit, Timonium Road - East • At first light, right on Greenspring Drive • Turn right on Timway Drive • Building on the Left

D I R E C T I ONS

Timonium Crossings Shopping Center

Timonium Roa d

York Road

Greenspring Drive

Aylesbury Ro ad

TimoniumOne

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: Metallux Accord T-5 high-efficiency fixtures - 2 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 employees truly love their jobs and consistently deliver solutions in a fast, creative and cost effective manner.”

– STEVE MARTIN, PRESIDENT, FIRAXIS GAMES

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. Carpet tile will have a tuft textured pattern loop, and non-PVC thermoplastic backing, 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. 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 provided per code. The 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 LF 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) systems serving 1966 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 in both buildings is accomplished via a redundant high-efficiency central water- cooled chiller plant with variable frequency drive (VFD) on the compressor motor to maximize energy savings. The primary chilled water pump has a variable frequency drive (VFD) which provides precise water flow per demand. The newly installed cooling tower with stainless steel cold water basin has variable frequency drives (VFD) for each fan motor and is installed with required components for winter operation maximizing water savings.

“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.

9

Two (2) custom chilled and hot water variable air volume air handling units (VAV AHU) control the north and south side of the building. Each variable air volume AHU has variable frequency drives (VFD) on the fan motors which supplies conditioned air through medium pressure sheet metal ductwork located above the suspended ceiling to the VAV terminal units. Single-duct VAV terminal units deliver conditioned air to the interior and perimeter 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. Each VAV box has a space temperature sensor with adjustable set point. Positive building ventilation is provided by the AHUs to assure a fresh inside environment. Carbon dioxide sensors are installed to monitor levels and provide alarms for readings outside of limits. Building heating is accomplished by perimeter hot water finned tube baseboard heaters supplied from the building is gas-fired hydronic redundant heating system. The temperature of each unit is controlled by perimeter thermostats. The hot water used within the hydronic heating system is generated by efficient natural gas-fired boilers, each of which has additional capacity for reliability and economic control operation via heating water outdoor air reset. 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, ventilation and air conditioning system serving the building is monitored and controlled by a direct digital computer based energy management system with graphic display. The control system automatically coordinates the function of all mechanical components to assure economical, reliable and efficient 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. A preventive maintenance and 24/7 service contract provides regular scheduled visits and immediate response for service.

10

“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 Reimer | areimer@merrittproperties.com Lauren Lindsay l llindsay@merrittproperties.com

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

VIRGINIA OFFICE 20116 Ashbrook Place, Suite 160

Ashburn, VA 20147 703 858 2725 phone 703 858 7239 fax

www.MerrittProperties.com

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