New Offices Allow Better Client Service

Location, Location, Relocation. As many of you know, NAI Carolantic Realty has moved its corporate headquarters to new offices in the Glenwood Plaza Building. The more than 11,000 square foot state-of-the-art office space will allow us to better serve our growing customer base in the Triangle and across North Carolina.

Taking care of our clients has always been our top priority, and the new office space was designed with that in mind. Our new offices have all of the amenities required to provide the highest level of service to our customers. And after more than 35 years of serving the greater Triangle region, we understand this market better than most and will always go above and beyond to meet the specialized needs of our clients.

NAI Carolantic Realty's exclusive affiliation with NAI Global, in conjunction with its affiliation with Hart Group International and all prominent professional societies, enables the Company to extend services to companies and investors both nationally and internationally.

We look forward to putting our expertise to work on your behalf over the coming months.

National Market Update:

Recently, Dr. Peter Linneman, our NAI Global economist, released his Spring 2008 report. In his report, he indicated perhaps they were wrong, but they did not believe we are in a recession, despite modest job losses in January and February. Here is a portion of his report: "These job losses do not reflect systematic reductions, but rather the fact that employee attrition is not fully replaced. Our airports, hotels, conferences, and restaurants are too full for the U.S. to be in a recession. But beginning in the middle of January 2008, consumers and businesses collectively decided to "sit on their hands," choosing not to do anything for the next few months, until (for better or worse) conditions are clearer. And this has brought economic growth to a grinding halt. We are not moving forward or backwards; we are just sitting dead in the water. As a result, the economic plateau we foresaw for 2009 seems to be taking place now. Interest rate cuts and aggressive government spending will probably see us through 2008. We still anticipate 2% real growth and one million new jobs in 2008. But even if this growth occurs, we still foresee recession in 2009, as political uncertainty takes hold.

Despite the debate of recession or not, we at NAI Carolantic Realty are poised to continue to assist our clients... just as we have through previous downturns in the economy over the last 35 years. Whether the Triangle area, or other parts of the world, we hope you will give us call and let us know how we can be of assistance.

Robin Roseberry Anders, SIOR
randers@naicarolantic.com

Robin Roseberry Anders joined NAI Carolantic Realty in late 2007 after ten years of commercial real estate experience as a Senior Leasing Representative with the real estate investment trust, Highwoods Properties, Inc. With in-depth experience throughout the Research Triangle area of North Carolina, an office leasing portfolio exceeding 1.7 million square feet, and a development land inventory of more than 170 acres, Ms. Anders was directly responsible for transactions totaling more than $125 million and exceeding 1.4 million square feet. A specialist in Class "A" office leasing, Ms. Anders provides exclusive tenant and landlord representative services to local, corporate and investment companies.

A member of several organizations, including TCAR, TRAOBA, TCREW and the Raleigh Professional Women's Forum, Ms. Anders is also a member of the Greater Durham Chamber of Commerce Economic Development Committee.

Winner of numerous awards, Ms. Anders has been recognized by:

Triangle Business Journal: 2004 Recipient of the "40 Under 40" Leadership Award

Triangle Business Journal: 2003 Top Office Lease - 2nd Place, Real Estate Deal of the Year Awards

Leadership Triangle: A non-profit advancing leadership capacity to foster regional awareness and cooperation in the Triangle - 1999 Graduating Class

She is a graduate of the University of North Carolina, Chapel Hill with a Bachelor of Science, Biology, and Minor in Chemistry.

Stone Creek Village
Davis Drive & High House Road
Cary, NC

• 26,000 sf, Two-story class A office building
• New construction and available Summer 2008
• Suites start at 2,000sf
• Four per 1,000 parking ratio
• Tenant fit-up allowance: $30.00/psf

Contact Jimmy Barnes, SIOR
919.832.0594
Click Here for More Information

The North Carolina Chapter of CCIM recently held its 2008 Annual Commercial Real Estate Market Forecast at the North Raleigh Hilton. Ed Brown, SIOR, CCIM, who has been a broker with NAI Carolantic for 20 years, was one of the featured speakers at the March 19th luncheon.

Mr. Brown shared his experiential expertise in industrial leasing by giving a review and forecast of the industrial and flex market in the Triangle area. His review of the warehouse market spotlighted continued positive absorption but at a slower rate as the economy slows. Mr. Brown pointed out that warehouse acquisition prices paid by new players in our warehouse market will create an upward pressure on rental rates. These rates will also increase as vacancy continues to decline.

As for the flex market, Mr. Brown anticipates that the total market's vacancy will slowly decrease with positive absorption over the next two years. However, Mr. Brown sees water as the greatest future challenge to the industry and stated that unless the community can commit to investing in new water sources to guarantee supply, the market could be damaged by acquiring a reputation for not having enough water to support future growth and stability. He closed with the reminder that "without water, nothing else matters."

Six NAI Carolantic Realty brokers were honored recently at the Triangle Commercial Association of Realtors (TCAR's) annual Frontier Awards dinner for outstanding deal makers and community leaders during 2007. The ceremony was held at 111 Realtors Way in Cary. The keynote address was given by Scott Custer, CEO & Chairman RBC Centura Bank and the festivities were emceed by ABC news anchor Steve Daniels.

Kyle Greer Presented with the 'Rising Star Award'

Kyle Greer has only been a broker since July 2005, but he has already distinguished himself as a powerful member of the NAI Carolantic Realty team. During 2006, Mr. Greer was involved in the sale of 180 acres of land in five separate transactions, totaling in excess of $5,000,000.

While still in college, Mr. Greer founded a network and computer consulting company which he sold after its fourth year of operation. He's a proven independent thinker whose strong analytical skills have made him a genuine asset to the Company.

In addition to making his mark as an up-and-coming young broker, Mr. Greer has also been actively involved in the community and has demonstrated impressive leadership skills in several areas. As a graduate of the NC State College of Management, Mr. Greer is actively involved on the Board of Advisors for the Entrepreneurship Education Initiative. He is a graduate of the 2006/2007 Leadership Cary program and has been asked to participate next year as the program's Co-Chair. Mr. Greer also has been involved with Young Life Ministries for many years in various capacities including Young Life Leader, the Friends of Young Life campaign and as a mentor. He has been a member of the Cary-Page Rotary Club since 2004.

Mr. Greer's professionalism shows a maturity beyond his years. A hard worker, Mr. Greer provides his clients with top-level service, characterized by integrity and reliability. We are proud to congratulate Mr. Greer on receiving the TCAR Rising Star Award.

Additional awards presented:

Million Dollar Sales Club
Ed Brown, SIOR, CCIM, broker for NAI Carolantic, was recognized for membership into TCAR's 2007 Million Dollar Sales Club. Entrance into the Million Dollar Sales Club was determined by the broker having had total sales in excess of $8,000,000.

Million Dollar Land Sales Club
E. Stephen Stroud, SIOR, Chairman of NAI Carolantic Realty, was recognized for membership into TCAR's 2007 Million Dollar Land Sales Club. Entrance into this club was determined by two of three factors: $5 million or more, 10 or more transactions, and/or 200+ acres.

Million Dollar Office Leasing Club
Jimmy Barnes, SIOR, President of NAI Carolantic was recognized for membership into TCAR's 2007 Million Dollar Office Leasing Club. Entrance into this club was determined by two of three factors: total leasing volume of $6 million or more, 15 or more transactions for the year and/or leases totaling a minimum of 125,000 rentable square feet.

Million Dollar Industrial Leasing Club
Two of NAI Carolantic's brokers: Aldene 'Dee' Creech Osborne, SIOR and John Webster were recognized for membership into TCAR's 2007 Million Dollar Industrial Leasing Club. Entrance into this club was determined by two of three factors: total leasing volume of $3 million or more, 10 or more transactions for the year, and/or leases totaling a minimum of 100,000 rentable square feet.

With over 8,000 real estate professionals in over 375 offices in 55 countries worldwide, NAI Global serves corporate, institutional and government clients through its strategically located offices in major, secondary and tertiary markets.

Learn more about NAI Global

NAI Carolantic is the Raleigh/Research Triangle area's leading commercial real estate firm.

• Eighteen Brokers with an average of ten year's experience
• Full-service Property Management Division
• Experienced Marketing & Research Division

Established in 1972, NAI Carolantic is a member firm of NAI Global, the leading international provider of commercial real estate services and solutions.

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