Andy Miller 425.450.1110 | amiller@kiddermathews.com

Erik Swanson 206.296.9628 | eswanson@kiddermathews.com kiddermathews.com

Opus Bank Property Offering

Offering MeMOranduM

Bellevue, WA

Offered by

Bellevue CBD

Offering

Table of Contents1. The Offering

2. Property description

3. Property Location/Market

4. agent Contact information

5. appendices

• CBD Comparable Sale Summary• Property Boundary Outline

The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Kidder Mathews and should not be made available to any other person or entity without the written consent of Kidder Mathews.

This Offering Memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Kidder Mathews has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements

thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however, Kidder Mathews has not verified, and will not verify, any of the information contained herein, nor has Kidder Mathews conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

This information has been secured from sources we believe to be reliable. We make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Recipient of this report must verify the information and bears all risk for any inaccuracies.

Disclaimer

Table of Contents

Bellevue CBD

Offering

The OfferingOffering Summary

Marketing Process

Bellevue CBD Aerial

Bellevue CBD Kroll Map

The Offering

Bellevue CBD

Offering

The OfferingKidder Mathews has been selected by the ownership to exclusively market the currently occupied Opus Bank retail branch located at the NE corner of 108th Avenue NE and NE 2nd Street in the heart of the Bellevue Central Business District. Opus Bank will be relocating to a new Bellevue location in the third quarter of 2013. The bank may require a short-term lease back.

Property is located in the Bellevue CBD at the corner of NE 2nd and 108th Ave NE. Improvements are very unique and prominent architecture of glass and steel and the property benefits from street frontage to three streets with access to both NE 2nd and NE 2nd Place, Highest and best use is most like multi-family or hotel development utilizing maximum height of 200’ and FAR of 5.0, however replacing a free-standing bank branch with surface parking and drive through capability is essentially impossible or not feasible in the Bellevue CBD.

Marketing Process A definitive bid date will be set for February, however Seller will review offers as received.

5

5

5

405

405

52299

99

18

16

3

169

167

104

512

90

520

2

9

RENTON

ISSAQUAH

KENT

BURIEN

MERCERISLAND

BELLEVUE

REDMONDKIRKLAND

BOTHELL

LYNNWOOD

EVERETT

SEATTLE

VASHON

GIGHARBOR

BAINBRIDGEISLAND

FEDERALWAY

AUBURN

TACOMA

PUYALLUP

LAKEWASHINGTON

PUGET SOUND

OPUS BANKPROPERTY

The Offering

Bellevue CBD

Offering

Offering Summary

The Offering

PrOPerTy Overview

Property Opus Bank Branch, Bellevue CBD

address 200 108th Avenue NE, Bellevue, WA

net rentable area 6,354 SF

year Built 1978

Construction Concrete, Steel & Glass

Stories Single

drive Through Yes

SiTe deSCriPTiOn

Land area 23,433 SF

Parking Stalls 20

Zoning DTNW - MU

Max far Non-Residential - 3.0 Residential - 5.0

Max Height Non-Residential - 100’ Residential - 200’

Massing Study Freihet & Ho preliminary massing studies are available on request for mixed use and multi-family developments

Parcel number 369980 0050

asking Price Market – Property available on a bid basis

Bellevue CBD

Offering The Offering

© Aerolistphoto.com

Bellevue CBD

Offering The Offering

Bellevue CBD

Offering

Property Location/MarketLocation Overview

Sound Transit East Link Light Rail

Eastside’s Largest Employers

Eastside Retail Center

Bellevue - “Best Place to Live”

One of the Country’s Hottest Markets

Tenant Demand

Major Proposed Office Projects

Property Location/Market

Bellevue CBD

Offering Property Location/Market

Located in the Heart of Downtown BellevueGreat access to major transportation routes

Three blocks from I-405

1.5 miles from Hwy 520 with east/west access to downtown Seattle

Two blocks from proposed link light rail station (to be ready by 2023)

Fast growing downtown with 10,000 new residents in Bellevue CBD since 2000

Demographics shifting toward younger, high energy city with the average resident age changing from 57 in 2000 to 34 in 2012

Bellevue CBD

Offering Property Location/Market

Sound Transit East Link Light RailExpected to serve 50,000 daily riders by 2030 (open for service 2023)

Proposed stop in Downtown Bellevue one block from offering with 8,000 daily boardings in Downtown Bellevue alone

Serves Eastside residents with 14 miles of fast, safe, reliable, and clean transportation

Provides access to high quality, frequent transit service 20 hours per day

Connecting Downtown Bellevue to Snohomish County to the north, Downtown Seattle to the west, Redmond to the east, and Seatac to the south

Servicing Microsoft, Boeing, Amazon, Google, HTC, and University of Washington employees

PrOPOSed BeLLevue TranSiT CenTer STaTiOnPrOPOSed eaST Link LigHT raiL: i-90

Bellevue CBD

Offering Property Location/Market

Microsoft Corporation

AT&T Wireless

Genie Industries

Volt Technical Resources

Group Health Cooperative Hospital

Medtronic Emergency Response Systems

Honeywell International, Inc.

Nintendo of America, Inc.

Eurest Dining Services

United Parcel Service

Advanced Digital Information Corp.

TTM Technologies

Aerojet

Siemens Business Services

American Building Maintenance

Interpoint

Concur Technologies

Zetron Inc.

Eastside’s Largest Employers

Bellevue CBD

Offering Property Location/Market

BeLLevue gaLLeria

LinCOLn Square

THe Bravern

Eastside Retail Center

Bellevue CBD

Offering Property Location/Market

Opportunity to Develop in One of Country’s Hottest Markets4.2 million square feet of office and retail currently under construction, in design review, or planned for completion in the next 5 years

Almost 2,000 new apartment units under construction or in design review in the Bellevue CBD

Estimated 27,000+ jobs to be created in the Bellevue CBD by current development pipeline

King County projects an increase of 347,000 new jobs over the next 10 years

Bellevue remains one of only two cities in WA with a AAA Bond rating

Tenant Demand in Bellevue Far Exceeds Current ProductDemand for over 2.1 million square feet of space for tenants on the Eastside that need 25,000 feet or more

Requirement timeline for most tenants begins in 2013 and early 2014

Bellevue CBD

Offering Property Location/Market

Major Proposed Office Projects

Eastside

1 SuMMiT iii 320 108TH ave ne

Location Bellevue CBD

Ownership/developer Bentall Kennedy/ITQ

Leasing rep CBRE

Size 330,000 SF

rental rates $28.00/SF, NNN

floor Plate Size 23,000 SF

notes Underground parking garage completed in 2009. Developer reports shell/core are deliverable in 14 months.

Scheduled Completion Proposed

4 8TH STreeT OffiCe BuiLding ne 8TH and 108TH ave ne

Location Bellevue CBD

Ownership/developer Beacon

Leasing rep Direct

Size 800,000 SF

rental rates $35.00–$40.00/SF, NNN

floor Plate Size 21,000 SF

notes Initially proposed as an 600,000 SF office development site.

Scheduled Completion Proposed

5 kirkLand ParkPLaCe CenTraL way and 6TH ST

Location Kirkland

Ownership/developer Touchstone

Leasing rep TBD

Size 1,500,000 SF

rental rates $35.00–40.00/SF, NNN

floor Plate Size 29,000 SF–55,000 SF

notes Proposed mixed-use site with 1,200,000 SF of office, 300,000 SF of retail and hotel, and 3.5 acres of public space.

Scheduled Completion Proposed

2 LinCOLn Square ii ne 6TH and BeLLevue way

Location Bellevue CBD

Ownership/developer Kemper Development

Leasing rep Broderick

Size 600,000 SF

rental rates $36.00–$42.00/SF, NNN

floor Plate Size 21,000 SF

notes Phase II mixed-use development with proposed 600,000 SF of office.

Scheduled Completion Proposed

3 waSHingTOn Square ne 8TH and 106TH ave ne

Location Bellevue CBD

Ownership/developer TBD

Leasing rep TBD

Size 800,000 SF

rental rates TBD

floor Plate Size TBD

notes Proposed mixed-use development on Wasatch “Super Block”.

Scheduled Completion Proposed

7 grOuP HeaLTH SiTe 2464 152nd avenue ne

Location Redmond

Ownership/developer TBD

Leasing rep TBD

Size 1,440,000 SF

rental rates TBD

floor Plate Size TBD

notes Multi-use site.

Scheduled

Completion

TBD

6 SPring diSTriCT 124TH & BeL red rOad

Location Suburban Bellevue

Ownership/developer TBD

Leasing rep Broderick

Size 3,715,000 SF

rental rates $32.00–$35.00/SF, NNN

floor Plate Size 20,000 SF–30,000 SF

notes Wright Runstad/Shorenstein JV. Transit oriented development of office, residential, and retail. Currently marketing two buildings at 460,000 SF.

Scheduled Completion 2014-2015

Bellevue CBD

Offering Property Location/Market

Opportunity to Own Property in the Middle of a Consistent “Best Place to Live”

Since 2006, Money Magazine has listed Bellevue as a “Best Place to Live” in cities with a population between 50,000 and 300,000

Money Magazine consistently cites the city’s economic strength, quality health care, low crime, great schools and many activities

Located near 5 Star hotels and newly renovated Lincoln Square

Close to Medina & Clyde Hill neighborhoods:

− Medina, less than two miles from the site, has one of the highest net worth and incomes per capita in the entire United States

− Clyde Hill, just over two miles from the site, is just behind Medina as having one of the highest per-capita incomes in the country and interestingly enough is also ranked 10th in the nation for the most landscapers hired per square mile

Bellevue CBD

Offering Agent Contact Information

Andy Miller Senior Vice President 425.450.1110 amiller@kiddermathews.com

Erik Swanson Associate Vice President 206.296.9628 eswanson@kiddermathews.com

kiddermathews.com

Contacts

Bellevue CBD

Offering

AppendicesBellevue CBD Sales Comparables/ Current Listings

Property Boundary Outline

Bellevue CBD

Offering

Sale Comparables – 2007 to Present

Address Buyer Seller Sale Date Price Price / ft Zoning

1 10503 NE 4th St PACCAR James E Gilleland 4/15/2008 $11,900,000 $476.27 DNTN 02

2 415 106th Ave EN Aspen Growth Properties, Inc. Bank of America, N.A. 12/5/2007 $16,762,500 $437.29 DNTN 01

3 NE 3rd Pl White Peterman Propertys Inc. HEI Hotels & Resorts 10/4/2012 $15,000,000 $367.48 DNTN MU

4 1001 106th Ave NE The Hanover Company Ragnar Enterprises LLC 11/28/2007 $39,300,000 $344.23 DNTN MU

5 200 106th Ave NE Legacy Partners Commercial, Inc. APT 1 LP 12/4/2007 $8,000,000 $301.57 DNTN MU

6 545-555 108th Ave NE Silver Cloud Inn & Hotels Wasatch Property Management 7/22/2009 $9,000,000 $292.00 DNTN 01

7 201-207 160th Ave NE Xiao Wei Wang Taco Time 1/3/2012 $7,050,000 $281.72 DNTN MU

Current Listings

Location Size Price Price / ft Zoning

1 NE 2nd & 108th Ave NE 24,000 SF $6,600,000 $275.00 DNTN MU

2 501 108th Ave NE 58,500 SF $30,000,000 $512.00 DNTN 01

3 Main St & Bellevue Way 86,500 SF $25,000,000 $290.00 DNTN OB

4 NE 2nd & Bellevue Way 50,512 SF $15,000,000 $296.00 DNTN MU

5 11061 NE 2nd 69,198 SF $17,300,000 $250.00 DNTN MU

Bellevue Central Business District Sales Comparables/Current Listings

andrew J. Miller Senior Vice President 425.450.1110amiller@kiddermathews.com

Contact