Holliday Fenoglio Fowler, L.P. (“HFF”) is pleased to exclusively offer for sale Promenades and Highlands Plaza (the “Properties”), two Winn-Dixie anchored neighborhood shopping centers totaling 333,276 square feet. This offering represents a unique opportunity to acquire two Seasoned, Value-Add Winn-Dixie Anchored Centers located within Expanding Secondary Markets in Florida. With a combined occupancy of 87%, these Properties offer Significant Value-Add Potential through the lease-up of available small shop space, mark-to-market, and outparcel development.

Port Charlotte, FL

Promenades and Highlands Plaza are being offered as a portfolio or individually.

Lakeland, FL

PROPERTY OVERVIEWAddress 3280 Tamiami Trail

Port Charlotte, FL 33980

Site Size (Acres) 26.4

Year Built/Renovated 1976/2009

GLA (SF) 230,704

Occupancy 88.4%

Parking Ratio 4.93 per 1,000 SF

Traffic Counts Tamiami Trail 48,500 vpdOlean Blvd 12,100 vpdHarbor Blvd 11,700 vpd

Existing Debt To be sold free and clear

TENANT SUMMARYAnchor Tenants Area (SF) % of Total

Winn-Dixie 52,416 22.70%

Bealls 41,290 17.90%

In-Line Space 34,220 14.80%

Fawcett Memorial (Office) 31,905 13.80%

Available 26,782 11.60%

Tuesday Morning 18,000 7.80%

Charlotte Co Sheriff's Office 15,000 6.50%

YouFit Health Club (Expansion) 11,091 4.80%

Total 230,704 100.0%

• Dominant grocery-anchored community center within the Port Charlotte market

• Ultra-high volume “Transformational” Winn-Dixie store with strong and consistent sales growth over the last three years

• Value-add potential through continued lease-up, market-to-market and development/sale of two outparcel pads

• Long-tenured and nationally prominent roster comprises 79% of GLA

• Densely populated trade area with strong surrounding daytime traffic drivers

• Excellent visibility and access along region’s most critical thoroughfare – Tamiami Trail (US-41)

US 41 (42,500 VPD)US 41 (42,500 VPD)

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AnimalClinic

PromenadesSurgery Center

21stCentury

Oncology

AAAInsurance

Bank ofAmerica

Pik N RunPizza City

Pylon Sign Outparcel A

Available Spaces

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HARBOR BOULEVARD (11,700 VPD)

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Outparcel BAvailable

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Port Charlotte, FL

• Highly visible Winn-Dixie grocery-anchored neighborhood shopping center

• Strong anchor sales growth in excess of 14% over the last two years

• Significant value-add potential through lease-up, mark-to-market, tenant repositioning, and outparcel development/leasing

• Long-term Anchor and Junior Anchor leases provide stable cash flow

• Recent renovations mitigate future capital requirements

PROPERTY OVERVIEW

Address 2900 Lakeland Highlands RoadLakeland, Fl 33803

Site Size (Acres) 15.68

Year Built/Renovated 1988

GLA (SF) 102,572

Occupancy 84.8%

Parking Ratio 4.5 per 1,00 SF

Traffic Counts Edgewood Drive 16,000 vpd

Existing Debt To be sold free and clear

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Outparcel BAvailable

1.26 Acres2946

Highlands MRI3,800 SF

2960Coast Dental

2,200 SF

2968Available -1,001 SF

2980Music Go Round

5,225 SF

2984Available - 1,625 SF

3010Available - 3,500 SF

3020Central FL Speech &

Hearing Center10,000 SF

Available Spaces

Outparcel AAvailable

1.64 Acres

LAKELAND HIGHLANDS ROADLAKELAND HIGHLANDS ROAD

S EDGEWOOD DRIVE (16.000 VPD)

S EDGEWOOD DRIVE (16.000 VPD)

TENANT SUMMARY

Anchor Tenants Area (SF) % of Total

Winn-Dixie 51,672 50.4%

Central Florida Speech & Hearing 10,000 9.7%

Music Go Round 5,225 5.1%

Highlands MRI 3,800 3.7%

In-Line Retail 16,229 15.8%

Available Shops 15,646 15.3%

Total 102,572 100.0%

Lakeland, FL

Port Charlotte, FL

STABLE PUNTA GORDA MSAPort Charlotte is a fast-growing region along the north side of the Peace River benefiting from retirement, resort, and commuter migration. Port Charlotte benefits from its excellent location on Florida’s Gulf Coast between the Sarasota-Manatee and Cape Coral-Ft. Myers MSA’s. The Punta Gorda MSA from which Port Charlotte is a part has a total population of 165,000 as of 2015 Estimates.

There are currently 80,000 residents within five miles of the property with average household incomes in excess of $52,000.

HFF Miami1450 Brickell Avenue

Suite 2950Miami, FL 33131

EXPANDING LAKELAND ECONOMYThe Lakeland regional economy is supported by a diverse array of distribution centers and corporate headquarters. Strategically positioned on I-4 between Tampa and Orlando, high-profile companies such as Publix, GEICO, Rooms to Go, Amazon and Lockheed Martin call the Lakeland-Winter Haven MSA home. The unemployment rate in Lakeland has also sharply declined from 12% to 6.2% in the last four years.

There are currently 60,000 residents within three miles of the property with an average household income in excess of $56,500.

DEMOGRAPHICS OVERVIEW

Population3-mile radius

5-mile radius

7-mile radius

2020 Projection 48,405 83,058 126,731

2015 Population 47,520 80,003 120,073

2010 Population 47,305 77,779 114,152

Growth 2015-20 1.9% 3.8% 5.6%

Growth 2010-15 0.5% 2.9% 5.2%

Household Income

2015 Est. Avg. $47,836 $52,252 $55,127

2015 Est. Med. $38,830 $42,558 $44,548

www.hfflp.com

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MiamiMiami

Ft. LauderdaleFt. Lauderdale

West PalmBeach

West PalmBeach

Fort MyersFort Myers

PortCharlotte

PortCharlotte

NaplesNaples

ClearwaterClearwater

St. PetersburgSt. Petersburg

TampaTampa

LakelandLakeland

Lake WalesLake Wales

Palm BayPalm Bay

SebringSebring

OrlandoOrlando

DEMOGRAPHICS OVERVIEW

Population1-mile radius

3-mile radius

5-mile radius

2020 Projection 6,570 61,125 136,883

2015 Population 6,365 59,994 131,759

2010 Population 6,251 59,779 128,108

Growth 2015-20 3.2% 1.9% 3.9%

Growth 2010-15 1.8% 0.4% 2.9%

Household Income

2015 Est. Avg. $58,401 $56,605 $56,951

2015 Est. Med. $42,944 $41,136 $40,888

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Upper MyakkaRiver Watershed

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Holliday Fenoglio Fowler, L.P. (“HFF”) a Florida licensed real estate broker.©2015 HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.

HFF has been engaged by the owner of the property to market it for sale. Information concerning the property described herein has been obtained from sources other than HFF and we make no representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all references to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a buyer. Buyers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change.

Presented By: Debt

Danny Finkle Senior Managing Director Tel 305.448.1333 dfinkle@hfflp.com

Luis Castillo Managing Director Tel 305.448.5498 lcastillo@hfflp.com

Nat Scarmazzi Associate Director Tel 305.421.6545 nscarmazzi@hfflp.com

Jose Carrazana Associate Director Tel 305.421.6556 jcarrazana@hfflp.com

Lakeland, FL