KIRKLAND URBAN Kirkland Business Roundtable Meeting July 10 th , - PowerPoint PPT Presentation

KIRKLAND URBAN Kirkland Business Roundtable Meeting July 10 th , 2019

TAL '9 N KIRKLAND URBAN – HISTORY Kirkland Park Place Center - 1970s vs. 2017 Talon Private Capital | 2

KIRKLAND URBAN – FUTURE OF SUBARBS TAL ~ N DRIVE BUS ✓ Parking ratio of 3 parking stalls per 1,000 square feet ✓ Steps away from Kirkland Transit Center and Kirkland Way Park ✓ Complimentary parking for theater and shopping patrons and Ride with major bus routes ✓ 3 minute drive to I-405 and 7 minutes to SR-520 ✓ Bus Rapid Transit coming to 405 in early 2020s ✓ Pioneered paid office parking at $150/stall/month ✓ 1500 feet from the Cross Kirkland Corridor WALK ✓ Walking distance to all of Downtown Kirkland’s amenities and Lake Washington – over 100 shops / restaurants Kirkland is a vibrant water front destination with an unparalleled blend of outdoor recreation, art, dining and boutique shopping. Located on the shores of Lake Washington just east of Seattle, no other city in the Puget Sound region has as many waterfront Talon Private Capital | 3 parks and beaches as Kirkland.

TAL ~ N KIRKLAND URBAN – DEVELOPMENT TIMELINE TIMING ACTIONS November 14 th 2018 Urban North turned over by Contractor / QFC starts tenant improvements May 28, 2019 Uptown @ Kirkland Urban begins pre-leasing June 10, 2019 Tableau occupies three floors in Urban North June 7, 2019 Urban Central, Parking Garage and Pavilion buildings turned over by Contractor July 31, 2019 New QFC Grand Opening August, 2019 Four additional retailers scheduled to open including Shake Shack August 16, 2019 Uptown @ Kirkland Urban residents begin to move in September, 2019 Existing Parkplace building and QFC to be demolished Q4 2019 Construction begins on Urban South End of 2019 Approval by City of requested changes to Master Plan and Design Guidelines Approximately Mid-2020 Construction begins on Urban East Talon Private Capital | 4

KIRKLAND URBAN – TENANT UPDATE l{irkland Urban will get world's first Topgolf Lounge Tutta Bella to partner with QFC and open in - store location at Kirkland Urban Shake Shack Is Bringing Its Burgers and Insane Lines to Kirkland Talon Private Capital | 5

~ TAL ~ N KIRKLAND URBAN – TENANT ROSTER Tena nt Opening Dat e Tena nt Ope ni ng Dat e 0J P OW E R H OUR3s o · July 31, 20 19 O ct - 19 i::~ at&t SHAKE: ~ SHACK Nov-1 9' D OUGH Z ONE A. ug-19, Nov-19, · ~ f:n rfl I , -- , W TDPCiDLF N ov -19, Bright Horizons 1 !1, - "·i!lllli..~ restere ~ EVERGREEN§ A. u g- 19 Dec-19 _, •N- :;-,·;;;,:· -~~fl 11 I I •• >IVPU WlLl , l 01,,v Se p- 19 Dec-19 ~ so r 1 ~ I() ai · C ·al on + ·1•a

TAL ~ N KIRKLAND URBAN – KIRKLAND NEWS After Salesforce new $15.7B acquisition of Tableau Software Inc., Tableau prepares to set up its new shop in Kirkland Urban ti ++ ++ + +ableau SOFTWARE Tableau plans to expand into a new 1 00 , 000-square-foot office in the K ir kland Urban deve l op 1 ment . Tableau j ust expanded its office last year when it opened a 110 , 000-square-foot bu i lding in Fremont near its former headquarters. PUGET SOUND BUSINESS JOURNAL

TAL ~ N KIRKLAND URBAN – URBAN SOUTH _) Urban South – currently under design review Talon Private Capital | 8

TAL ~ N KIRKLAND URBAN – URBAN SOUTH L1: Retail and Movie Theater L2-7: Office 3 levels of parking for approximately 900 additional vehicles Talon Private Capital | 9

TAL ~ N KIRKLAND URBAN – URBAN SOUTH Talon Private Capital | 10

TAL ~ N KIRKLAND URBAN – URBAN SOUTH Talon Private Capital | 11

TAL ~ N KIRKLAND URBAN – URBAN SOUTH Talon Private Capital | 12

TAL ~ N KIRKLAND URBAN – URBAN SOUTH Talon Private Capital | 13

TAL ~ N KIRKLAND URBAN – URBAN SOUTH Talon Private Capital | 14

TAL ~ N KIRKLAND URBAN – CONSTRUCTION PHOTOS Talon Private Capital | 15

TAL ~ N KIRKLAND URBAN – CONSTRUCTION PHOTOS – Talon Private Capital | 16

TAL ~ N KIRKLAND URBAN – CONSTRUCTION PHOTOS – Talon Private Capital | 17

◄ TAL ~ N KIRKLAND URBAN – CONSTRUCTION PHOTOS ...... ... 1111 u ... ,1 , 11 11 1 ltll 1111 ··---··- ·------------------ - - . .. -- ~ ---- - •. ----------- --- -- --- .. . · ·~.\', i-•··········----·· - .. · .. ..... . . · ~ -_ , .. ., --~;__..;-~--~---~ -. ._ ,.... . ·--- ···· ····-•-1111•1"'r•--- .... ~ - – Talon Private Capital | 18

TAL ~ N KIRKLAND URBAN – CONSTRUCTION PHOTOS – Talon Private Capital | 19

~ TAL ~ N KIRKLAND URBAN – MARKETPLACE PLAN ~ ::c ..,. ... ,,.. "" ,,.. ... O ut to lease I Leas ed L OI - D.i5C u ss ro ns Res iden ti al , -----------~ O'ff 1e e Garage En tra nce ,~ - ~ I -- · __ _ __ _ __ _ __ J PARK LEVEL I Talon Private Capital | 20

♦ TAL ~ N KIRKLAND URBAN – MARKETPLACE PLAN ~ :c _. ... "' "' _. "' ease I Le ased Ou t to L L OI Discussions R es id ential - O ff 1e e Garage Entran ce -r-------- , I I PLAZA LEVEL Talon Private Capital | 21

~ ~ ~ TAL ~ N KIRKLAND URBAN – AMENITIES PACKAGE Lobby Game Room .. I I I V\'t ·S f S-18 GAM ING 2!.CC 01,, et: S-7 "' '' IC ' CED 0 I,"" "'"11 S-17 l ll. V 0000 "' L-1 T-4R T-4L T-14 _ _J , ~6 1 LEASING L tASN '~ :i-- ""' ~0 S-4 1-------------' TX-1 f--- , ___ J _ IIE.'S T. ·'- - - - LOBBY "" -- -, L Ofi tlY ( ) , - 1 S-3 R-1 T-1 1 S-1 T-2 T-3 s-2 Q Talon Private Capital | 22

□ TAL ~ N KIRKLAND URBAN – AMENITIES PACKAGE Rooftop Club Room S-9 R-2 I J D ' / S-12 S-2 T-19 S-25 1 =i ~ == D CLUBROO M S-13~ l m:=J G-1 Talon Private Capital | 23

TAL ~ N KIRKLAND URBAN – RESIDENTIAL RENDERING - .. . Talon Private Capital | 24

TAL ~ N KIRKLAND URBAN – RESIDENTIAL RENDERING Talon Private Capital | 25

TAL ~ N KIRKLAND URBAN – RESIDENTIAL RENDERING Talon Private Capital | 26

Thank you! W ILLIAM L EEDOM M ANAGING D IRECTOR - I NVESTMENTS