FY 2017 Budget Highlights

GROWTH PRIVATE SECTOR RT85 - ST JOHN PROPERTIES St. John Properties is the largest private commercial landlord in MD with one million SF of product in Frederick County and over 110 acres of pending development projects The Frederick Portfolio 55% Leased in 2011 75% Leased in 2012 81% Leased in 2013 85% Leased in 2014 WESTVIEW BUSINESS PARK 90% Leased in 2015 Russell Property 104 acre flex business park with II buildings totaling 413,000 SF Groundbreaking anticipated Fall 2016 Westview Business Park 40 acre flex business park with 9 buildings totaling 460,580 SF Major tenants - Patriot Technologies, Bechtel, Nestle, Ford Motor Co, Fastenal Source: St. John Properties STJOHN Pegasus Court 42

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