Manulife US REIT - Annual Report 2021

Leasing activity (Tempe And Chandler) Tenant Address Class Lease type Size (s.f) Cenlar 8160 S Hardy Drive B Renewal 65,580 Amazon 1330 W Southern Avenue B Expansion 50,000 Peloton 615 S River Drive B Renewal 46,371 Blue Parasol 2141 E Broadway Road A Renewal 38,016 LiveRamp 100 S Mill Avenue A New lease 31,660 Office sales (Tempe And Chandler) Building RBA (s.f) Sales Price (US$) Price ($ p.s.f.) Buyer Seller Rio 2100 300,848 132,000,000 $439 Strategic Office Partners Boyer Fountainhead Plaza 446,000 117,500,000 $263 Shorenstein KBS Park Place 274,700 106,000,000 $386 Manulife US REIT Douglas Allred Offices at Chandler Viridian 248,700 102,000,000 $410 Macquarie Hines/New York Life Chandler Center Commons 447,969 26,800,000 $60 Beacon Northstar Chandler Business Center 106,892 19,100,000 $179 ScanlanKemperBard Fullerton Agave Center 219,741 16,800,000 $77 White Mountain Dornin Ash Business Center 89,728 12,000,000 $134 Investcorp BKM 2705 S Alma School Road 44,473 10,300,000 $232 Stratton Road Off Five Active Development Pipeline (Tempe And Chandler) Building Developer Spec/BTS Completion RBA (s.f) Anchor 100 S Mill Avenue Cousins Spec 2022 287,000 Amazon, Deloitte Beam on Farmer Mortenson Spec 2022 183,526 - Phoenix Market Data ANNUAL REPORT 2021 63 the past six months. These leases underline the variety of industry sectors looking at Tempe and Chandler, ranging from consumer goods to health and finance. Strong performance and sustainedmigration have attracted an array of investors to these submarkets in recent years, with the second half of 2021 being no exception. Nine deals larger than US$20 million totaling US$542.5 million took place in Tempe and Chandler over the past six months, making it one of the most active investment markets nationally. Notably, high-profile institutional and equity owners such as Macquarie and Shorenstein are placing significant capital into the region, signalling long-term confidence. Outlook Along with Scottsdale, Tempe and Chandler will continue to be outsized contributors to market activity in Phoenix in the coming years, aided by infrastructure improvements, high levels of amenitisation, a younger population due to the presence of Arizona State University and a cluster of high-profile, new-to-market tenants.