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EXEC~JTNE SITNd1VgARY <br />DEMAND SITbIl4iARY <br />ADDITIONAL DEMAND FOR RETAIL AND INDIJSTRIAL SPACE <br />GATEWAY BIISINES5 CENTER <br />ELK RIVER <br />MARCH 2007 <br />.. 3'1~~4, ro 2015 <br />Total Annuall <br />Retail Buildings <br />City of Elk River 376,300 Sq. Ft. 41,800 Sq. Ft <br />Gateway Business Center 3,800 Sq. Ft 400 Sq. Ft <br />Total Annuall <br />Industrial Buildings <br />City of Elk River 784,800 Sq. Ft. 87,200 Sq. Ft <br />Gateway Business Center 259,200 Sq. Ft. 28,800 5q. Ft <br />Industrial Aereage <br />City of Ells River 106.0 Acres 11.8 Acres <br />Gateway Business Center 35.0 Acres 3.9 Acres <br />* Data is summarized from demand calculations shown in Tables 10 and 21. <br />Data is adjusted slightly to make time comparisons the same. <br />Source: Maxfield Research Inc. <br />Ind»~rial ~~nclusa~ns <br />The following findings summarize our conclusions on industrial space demand at the Gateway <br />Business Center. <br />~ Overall, the Site has excellent qualities for industrial use. llt has excellent access to highway <br />10, a key feature that industrial businesses would consider to be desirable. <br />® The surrownding uses are compatible with industrial uses. In addition, the Site's proximity <br />to the proposed Northstar Commuter Rail station would expand the potential labor pool for <br />employers located at the Gateway Business Center. <br />MAXFEELD RESEARCH INC. ll <br />