Pebb Enterprises

2 0 1 9 Y E A RI N R E V I E W

2 0 1 9

Ian Weiner, PEBB Enterprises – President & CEO.

Upon reflection, 2019 was a year of continued growth and evolution. Building on the momentum which began in 2018, our portfolio grew with several major acquisitions in Las Vegas and numerous acquisitions closer to home. This year we set our retail leasing and development sights on the Nevada desert and South Florida and, along with several partners, began acquiring a small portfolio of medical marijuana dispensaries throughout the State.

As always, we remained committed to building a strong and cohesive team of professionals. Several key positions were filled this year including a Chief Financial Officer, Senior Development Manager, Senior Leasing Associate and Senior Property Manager. These additions will further support and enhance PEBB’s model of vertical integration that provides the framework to aggressively pursue new opportunities for diverse ground-up and value-add development, strategic joint ventures and partnership equity investment and sustained long term growth.

As we enter into the New Year, we are excited about our prospects and remain thankful to everyone at PEBB Enterprises for their continued commitment and dedication to our collective vision and shared goals.

In 2019, PEBB added some dynamic team members to our growing company.

Pebb Team Addit ions

Dan Haines

Chris Stewart

Dan joined PEBB and together with the CEO and executive leadership team, will work to ensure that the organization has the financial resources needed to achieve its current and future goals, while mitigating financial and operational risk.

Chris joined the PEBB team as the Sr. Vice President of Leasing. Chris oversees 2 million sq. ft. of office and retail space. He leads the strategic leasing efforts to align tenants with PEBB’s growth plans

Also added to the team in 2019:

Adam Levitt, Acquisitions AssociateRobbie Calteaux, Senior Property Manager

Jenny Schuemann

Jenny joined the PEBB team as Senior Leasing Associate bringing over 15 years of experience in leasing and marketing in South Florida.

Notable Dispos i t ions

PEBB Enterprises sold nearly $16M in assets over the course of 2019, approximately one-fourth of the total sales for 2018 and focused the majority of our efforts on re-deploying 1031 exchange funds established during the fourth quarter of 2018. Two notable outparcel sales from the recently acquired Rainbow Promenade in Las Vegas reinforced our efforts to seek value-add opportunities in the marketplace.

IRMO, SC (HIGH POINTE CENTRE) • $ 4.4M

WEXFORD, PA (TESLA) • $ 6.8M

DAVENPORT, IA (MCALISTER’S OUTPARCEL) • $ 615,000

LAS VEGAS, NV (CHILI’S) • $ 1.9 M

LAS VEGAS, NV (MACARONI GRILL) • $ 2.2M

Notabl e Leases

PEBB Enterprises signed one of Florida’s biggest retail leases of 2019 (The Real Deal, 12/17/19).

At Home, a home furnishings and décor superstore, signed a lease for 125,641 sq. ft. in

the building previously occupied by Gander Mountain, located at 100 Gander Way, Palm Beach

Gardens, FL.

GOODWILL INDUSTRIES (CHEYENNE COMMONS) • 25,470 SF

WALLY WOMBATS (CHEYENNE COMMONS) • 10,067 SF

SPROUTS FARMER’S MARKET (BOYNTON) • 30,000 SF

WAWA (BOYNTON, GROUND LEASE)

PLANET FITNESS (KIMBERLY CROSSING) • 21,283 SF

ULTA(GERMANTOWN VILLAGE SQUARE) • 11,599 SF

Notable Acquis i t i o ns

PEBB acquired in excess of $103M in assets in 2019. Most notably, the Galleria Pavilion (Henderson, NV), Cheyenne Commons (Las Vegas, NV), Rainbow Promenade (Las Vegas, NV) and Boynton Beach Fountains (Boynton Beach, FL).

Galleria PavilionHenderson, NV

Galleria Pavilion, a +/-64,599 SF multi-tenant retail shopping center situated in the densely populated suburb of Henderson, Nevada, a highly desirable submarket located just south of Las Vegas.

Cheyenne Commons, a 361,486 SF power center along Rainbow Boulevard and Cheyenne Avenue, directly off the US-95 Freeway which carries over 160,000 vehicles per day in Las Vegas, NV.

Cheyenne CommonsLas Vegas, NV

Rainbow PromenadeLas Vegas, NV

PEBB Enterprises, in a joint venture partnership with NY-based investment firm SomeraRoad, has acquired Rainbow Promenade, a 228,279 SF retail power center directly adjacent to U.S. 95 and North Rainbow Boulevard on the fringe of the affluent Summerlin submarket of Las

Vegas, NV.

Mainstreet at Boynton, a joint venture between PEBB and SFD Boynton, LLC to develop a 16.15 acre parcel in West Boynton Beach. Construction to begin in 2020. Pre-construction tenants under lease include Sprouts Farmer’s Market,

Wawa and Synovus Bank.

Boynton Beach FountainsBoynton Beach, FL

Pebb Enterprises

7900 Glades Rd, Suite 600, Boca Raton, FL 33434Office: (561) 613-4020 | Fax: (561) 613-4021

info@pebbent.com | www.pebbenterprises.com

Pebb Enterprises