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<br />Welsh <br /> <br />\ <br />\ <br />\ <br />C \ . <br />OmpanleS <br />\ <br />Comprehensive Real Estate Services <br /> <br />8200 Normandale Boulevard, Suite 200 <br />Minneapolis, Minnesota 55437-1060 <br />612,897.7700 Fax 897,7704 <br /> <br />December 1998 <br /> <br />Dear Prospective Tenant: <br /> <br />Final approvals have been granted (see attached letter) and Pinehurst Properties is about to <br />commence construction on a 40,000 square foot office and retail development on the northeast <br />corner of 50th & France. Space will be available October 1999. <br /> <br />The project will include 22,000 square feet of exceptional quality, professional office space on the <br />second floor, and 18,000 square feet of premium retail space. Several commitments have been <br />made including a stock brokerage firm for 12,000 square feet, a bank for 6,500 square feet and a <br />coffee retailer for 1,700 square feet. <br /> <br />Location! Everyone knows 50th & France and Downtown Edina. It's always been a great <br />shopping district - now its a great office address. <br /> <br />Style! This is the first development of its kind in the area. The emphasis on urbanism is <br />evidenced by the streetfront focus of the building. Great European design by award-winning <br />architect Milo Thompson of Bentz Thompson Rietow is coupled with the convenience of 97 <br />underground parking stalls and 49 surface stalls. In addition, Pinehurst has secured an <br />additional 41 off-site parking stalls providing a parking ratio nearing 5 stalls per 1,000 square <br />feet! At 50th & France! The attached map shows you how. <br /> <br />Convenience! There are over 20 restaurants and bakeries, Lunds Grocery, a post office, dry <br />cleaning, copy store - all with easy parking, near home. <br /> <br />We have 10,000 square feet of office space remaining. Please make your clients aware of this <br />unique location and project. For more information please give me a call at 897-7875. <br /> <br />Sincerely, <br /> <br />\Q~M <br /> <br />Connie 1. Grady <br />Senior Associate <br /> <br />CLG:slc <br /> <br />Enclosures <br />