Fifth Third Center In Charlotte Purchased By Parmenter

FOR IMMEDIATE RELEASE

Contact: Ellen Wisniewski
Telephone: (305) 379-7500
Email: mediarelations@parmco.com

Fifth Third Center In Charlotte Purchased By Parmenter

CHARLOTTE, N.C. — Real estate investment firm Parmenter Realty Partners purchased Fifth Third
Center today in Charlotte, North Carolina. The Class A office tower stands 30 stories tall in the heart of
the city and represents the latest acquisition in Charlotte, one of the firm’s strategically targeted markets.

The unique office tower is located in Charlotte’s central business district, the second largest banking
center in the United States after New York City. The major employer base is diversifying and continues
to be a choice destination for Fortune 1000 companies. Fifth Third Center possesses 654,533 square feet
of office space and includes an artfully decorated, attached 10-story parking deck with over 1,000 spaces.

Additional amenities in the building include on-site 24 hour security, retail shopping, valet, concierge,
and fine dining restaurants such as Capital Grille. Fifth Third Center also boasts a welcoming outdoor
plaza equipped with tables and benches, landscaped with seasonal flowers.

John Davidson, Managing Principal of Parmenter’s Southeast Region, commented on the acquisition.

“We’ve been interested in expanding our portfolio in the Charlotte Market for some time and Fifth Third
Center was exactly what we were looking for,” Davidson said. “The building will soon have over
100,000 square feet of prime, contiguous office space available and we saw this as a great opportunity to
welcome a new business headquarters to our top floors and to Charlotte.”

Will Yowell and Ryan Clutter of CBRE acted as sales brokers for the transaction while Charles Foschini
of CBRE assisted in securing financing.

Parmenter Realty Partners is a commercial real estate investment, management, and development
company. Parmenter operates a series of institutional investment funds focused on the Southern Tier of
the US and is actively involved in the expansion of its portfolio in the region’s major markets. The
acquisition of Fifth Third Center represents the firm’s sixth in its Fund IV portfolio. Headquartered in
South Florida, Parmenter also operates regional offices in Dallas and Atlanta. Parmenter’s investment
strategy utilizes its vertically-integrated platform to increase value on behalf of its investors.

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For more information on this topic please contact Parmenter Media Relations by calling (305) 379-7500 or via e-mail at MediaRelations@parmco.com.