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Effective System <br />Our process of quickly distributing information regarding the property offering and attracting the <br />strongest prospects is achievable due to our daily routine of contact management. On a daily <br />basis, CIBA delivers marketing materials and informational letters to prospective tenants. CIBA <br />represents numerous commercial property owners and tenants and truly understands the process <br />of lease transactions. <br />Preliminary Property Valuation <br />CIBA evaluated a number of factors to determine the highest lease value of the Property, <br />including: intended use of the space, prospective tenants and available competing properties. <br />Rental rates in the retail sector have slid since the U.S. economy, as a whole, has been struggling. <br />Retail has been one of the sectors most affected by this downturn. Disposable income has <br />decreased and those with additional funds are holding onto them tighter to weather the economic <br />storm. Start-up businesses have decreased in the retail markets and decreased business creates a <br />difficult situation for retail tenants. Deals that have been consummated in this market are <br />ranging from approximately $1.50 - $2.50 per square foot for similar properties. <br />Comparable lease listings are approximately $1.50 - $2.50 per square foot for similar properties <br />within the surrounding area. CIBA suggests marketing the Property's available space at the <br />comparable rate of approximately $1.50 - $2.50 per square foot. At this pricing, the Property <br />should gain strong attention and it will allow some room for negotiations. <br />Initial Outreach <br />CIBA has already spoken with several operators about the opportunity of placing a location at <br />the Regional Transportation Center and can have Letters of Interest executed upon our <br />enlistment as the Agency's representative. <br />CIR&� <br />Real Estate <br />25D -16 <br />