LinkedIn 6390 Carlson Drive | Eden Prairie, MN 55346 651-406-8050 HOME ABOUT US CASE STUDIES MEDIA CONTACT US Five Star Commerce Center Location: Maple Grove, MN Previous Use: Industrial Park Proposed Use: Industrial Park Project Budget: $9.7 million Challenges: Five Star Commerce Center, renamed to 610 Industrial, was owned by a non-performing TIC (tenant-in-common ownership structure). The TIC structure, with a broad investor base, was not the ideal ownership entity for this type of product, considering the size of the project and number of tenants. The TIC was challenged to recapitalize in order to lease up the vacancy, struggled to make capital improvements and maintain positive relationships with the Tenants. Interstate, brought a ‘hands on’ strategy to the project. Interstate acquired the portfolio in May of 2015 and immediately brought the park to 100% occupancy. Subsequently, Interstate’s operations group restored tenant relationships and has increased operational efficiencies. Case Studies Goodwill Industries of Central Florida CityVue Interstate Development Interstate Development is a tenant-service driven commercial real estate development and investment company, focused on delivering flexible, entrepreneurial and best-in-class service to meet the operational and financial needs of its tenants. Media Releases Brown & Bigelow’s St. Paul headquarters sells for $16 million Goodmanson Construction buys Minneapolis location Interstate Development 6390 Carlson Drive Eden Prairie, MN 55346 651-406-8050 LinkedIn Copyright 2019 Interstate Development, All Right Reserved. Minneapolis Website Development

LinkedIn 6390 Carlson Drive | Eden Prairie, MN 55346 651-406-8050 HOME ABOUT US CASE STUDIES MEDIA CONTACT US CityVue Location: Yankee Doodle Road, Eagan MN Previous Use: Former Blue Cross Blue Shield Office Tower Proposed Use: 200 multifamily units & 35,000 square feet of retail & medical space Project Budget: $50 million Challenges: As a result in the dramatic change of use, from office to ‘mixed-use’, the project had to go through a multi-year, multi-jurisdiction re-zoning, including involvement from Metropolitan Council, City of Eagan and Dakota County. The first multi-family phase (113 units) was completed in 2015 along with 10,500 square feet of retail space. The final phase, 90 units of multi-family and 25,000 square feet of commercial will be completed in 2016. Case Studies Five Star Commerce Center Goodwill Industries of Central Florida Interstate Development Interstate Development is a tenant-service driven commercial real estate development and investment company, focused on delivering flexible, entrepreneurial and best-in-class service to meet the operational and financial needs of its tenants. Media Releases Brown & Bigelow’s St. Paul headquarters sells for $16 million Goodmanson Construction buys Minneapolis location Interstate Development 6390 Carlson Drive Eden Prairie, MN 55346 651-406-8050 LinkedIn Copyright 2019 Interstate Development, All Right Reserved. Minneapolis Website Development