Comps for Southeastern, MA 2 nd Quarter 2011 Prepared by Michael Giancola, SIOR

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1 Comps for Southeastern, MA 2 nd Quarter 2011 Prepared by Michael Giancola, SIOR Industrial Date: 4/4/2011 Industrial Warehouse 994 Jefferson Street, Fall River, MA Pedro Amaral & Wilton Ribeiro Norine Jean 1 Acre 7,039 SF Price: $250,000 $35.51 SF Date: 4/14/2011 Manufacturing Building 395 West Water Street, Taunton, MA 395 West Water LLC Felt Management LLC 1 Acre 80,448 SF Price: $400,000 $4.97 SF Date: 4/27/2011 Manufacturing Building 1244 Davol Street, Fall River, MA 1244 Davol Realty Associates LLC Bear Brothers LLC 3.61 Acres 80,788 SF Price: $150,000 $1.85 SF

2 Date: 4/26/2011 Industrial Warehouse 20 Middlesex Road, Mansfield, MA NE Ventures 2 LLC Dry Creek Corporation 7.5 Acres 76,160 SF Price: $3,000,000 $39.39 SF Date: 5/17/2011 Commercial Warehouse 311 Warren Avenue, Brockton, MA Buyer; Neysean Realty LLC Ronald Rainer 14,810 SF 6,270 SF Price: $125,000 $19.93 SF Date: 5/20/2011 Industrial Building 421 Currant Road, Fall River, MA Brilliant Novelty LLC Fall River Realty Ltd. 10 Acres 79,300 SF Price: 2,600,000 $32.78 SF Date: 5/17/2011 Industrial Building 763 Quequechan Street, Fall River, MA Clean Holdings LLC 665 Orchard Management LLC 5 Acres 250,808 SF Price: $875,000 $3.48 SF Date: 5/27/2011 Commercial Warehouse 58 Arch Street, Fall River, MA Tmomas Gosselin Joan Bolduc 16,117 SF 6,831 SF Price: $215,000 $31.47 SF

3 Date: 5/31/2011 Manufacturing Building 159 GAR Highway, Swansea, MA Robert Sanford Bayview Loans Servicing LLC 1.39 Acres 4,719 SF Price: $239,900 $50.83 SF Date: 5/9/2011 Manufacturing Building 348 Main Street, Mashpee, MA J. Bruce Macgregor Demos Young by Cape Cod Cooperative Bank 3.6 Acres 5,068 SF Price: $365,000 $72.02 SF Bought at Foreclosure Date: 5/31/2011 Manufacturing Building 9 Aldrin Road, Plymouth, MA 49 Aldrin LLC Lawrence Zimble 3.98 Acres 41,400 SF Price: $1,450,000 $35.02 SF Date: 5/31/2011 Industrial Warehouse 900 Auburn Street, Whitman, MA Paul Leahy Sr. 900 Auburn Street LLC 1.15 Acres 4,440 SF Price: $380,000 $85.58 SF Date: 6/9/2011 Industrial Warehouse 30 Industrial Park Road, Plymouth, MA Dauntless LLC Henry Stout 3.92 Acres 19,000 SF Price: $1,070,000 $56.31 SF

4 Date: 6/16/2011 Industrial Warehouse 45 Commerce Way, Norton, MA Props LLC Cabot 2 Maiboi LLC Acres 404,353 SF Price: $20,600,000 $50.94 SF Date: 6/22/2011 Manufacturing Building 186 Duchaine Blvd., New Bedford, MA RD PMD LLC Reynolds Dewalt Corporation 3.3 Acres 27,169 SF Price: $796,500 $29.31 SF Date; 6/22/2011 Industrial Building 44 South Street, New Bedford, MA Ocean Capital US Ltd Impfishing Gear Ltd 1.14 Acres 10,000 SF Price: $399,039 $39.90 SF Date: 6/27/2011 Manufacturing Building 290 Weymouth Street, Rockland, MA 290 Weymouth Street LLC Alan Stark 43,124 SF 12,200 SF Price: $1,100,000 $90.16 SF Date: 5/6/2011 Commercial Warehouse 2812 Acushnet Avenue, New Bedford, MA Four Brothers Realty LLC Pavillion Realty LLC 23,639 SF 11,688 SF Price: $487,500 $41.70 SF

5 General Date: 4/1/2011 Office Building 237 Route 149, Marstons Mills, MA Timothy Ball John McShane & TD Bank N/A 10,454 SF 2,229 SF Price: $290,000 $ SF Bought at Foreclosure Date: 4/1/2011 Industrial Office Building 170 South Main Street, Freetown, MA S & S Freetown LLC Riverfront Business Park 399 Acres 11,328 SF Price: $1,500,000 $ SF 2 Buildings Date: 4/7/2011 Gas Station/Mini Mart 125 West Main Street, Barnstable, MA 125 West Main Street LLC Joseph & Lorraine Sousa 7.81 Acres 960 SF Price: $1,000,000 $1, SF Date: 4/6/2011 Retail Service 539 South Street, Hyannis, MA Little Beach Realty LLC Elizabeth Young 3,920 SF 1,500 SF Price: $260,000 $ SF Date: 4/8/2011 Retail Service 1238 Main Street, Chatham, MA Maho LLC John Mccarte 30,056 SF 8,878 SF Price: $485,000 $54.63 SF

6 Date: 4/5/2011 Sand Quarry Blacksmith Shop Road, Falmouth, MA Lawrence Lynch HMA Corporation Lawrence Lynch Materials 17.4 Acres Price: $532,800 $30,620 per Acre Date: 4/5/2011 Sand Quarry 396 Gifford Street, Falmouth, MA Lawrence Lynch HMA Corporation Lawrence Lynch Materials 26 Acres 16,276 SF Price: $2,900,000 $ SF 3 Buildings Date: 4/8/2011 Retail Service 306 Route 28, Harwich, MA Judith Rosenberg Greenpoint Mortgage Funding 10,019 SF 3,200 SF Price: $150,000 $46.87 SF Date: 4/5/2011 Restaurant/Bar 572 GAR Highway, Swansea, MA 572 Swansea Realty LLC Tim Hortons Inc. 26,136 SF 1,500 SF Price: $250,000 $ SF Date: 4/13/2011 Mixed Use 108 Main Street, Sandwich, MA Richard Waterhouse & Caleb Brown Theodore Diggle 33,106 SF 2,457 SF Price: $435,000 $ SF Currently a Lodging House

7 Date: 4/15/2011 Restaurant/Bar 1023 North Main Street, Fall River, MA Manuel Andrade Tim Hortons Inc. 18,295 SF 1,656 SF Price: $560,000 $ SF Date: 4/12/2011 Lumber Yard 700 Bearses Way, Hyannis, MA Bryan Reardon Nickerson Lumber Company 4.11 Acres 46,100 SF Price: $2,500,000 $54.22 SF Former Mid Cape Lumber Date: 4/20/2011 Mixed Use-Retail Center 2089 Bay Street, Taunton, MA CSC Northwoods Xing C2A Koffer/Gid Taunton LLC Acres 131,028 SF Price: $19,463,500 $ SF Anchored by BJ S Date; 4/29/2011 Office Building 580 Robeson Street, Fall River, MA Ronald Rusin John Taylor & Susan Ramsden 13,068 SF 6,464 SF Price: $100,000 $15.47 SF Date: 4/29/2011 Restaurant/Bar South Main Street, Fall River, MA Tetrault Real Estate LLC IB Property Holdings LLC 7,841 SF 7,533 SF Price: $149,900 $19.89 SF

8 Date: 4/29/2011 Restaurant/Bar South Main Street, Fall River, MA Marino Benevides S & C Realty Inc. 6,534 SF 6,771 SF Price: $200,000 $29.53 SF Date: 4/27/2011 Auto Sales 1 Saturn Drive, Hanover, MA WN Realty LLC Route 3 Hanover LLC & Daniel Flynn 3.17 Acres 10,400 SF Price: $2,100,000 $ SF Date: 4/21/2011 Sand/Gravel Processing Plant 245 Tripp Street, Fall River, MA Stephen Cardi Douglass Industries Inc Acres 12,492 SF Price: $1,300,000 $ SF Date: 4/25/2011 Retail Department Store 115 Washington Street, Attleboro, MA 115 Washington Street LLC Federated Construction LLC 3.16 Acres 15,950 SF Price: $2,625,000 $ SF Date: 4/29/2011 Retail Service 2050 County Street, Dighton, MA George & Teresa Almeida Joseph & Elizabeth Mullancy 22,651 SF 5,400 SF Price: $350,000 $64.81 SF

9 Date: 5/6/2011 Church Building 4956 & 4966 Falmouth Road, Cotuit, MA Gateway Christian Center Steven Ross 5.78 Acres 12,120 SF Price: $875,000 $72.19 SF Former Sons of Italy Date: 5/3/2011 Retail Building 67 Depot Road, Chatham, MA Caroline Libby Robert Denn 10,000 SF 1,760 SF Price: $320,000 $ SF Date: 5/2/2011 Bank Building 330 Swansea Mall Drive, Swansea, MA K2 Swansea Realty LLC Webster Bank Acres 50,760 SF Price: $3,000,000 $59.10 SF Date: 5/13/2011 Supermarket 35 Columbia Road, Hanover, MA AG WP Hanover LLC CSHV Hanover LLC Acres 60,273 SF Price: $7,825,000 $ SF Date: 5/13/2011 Shopping Center/Mall 690 Depot Street, Easton, MA AG WP Easton LLC CSHV Easton LLC Acres 103,765 SF Price: $12,375,000 $ SF

10 Date: 5/9/2011 Mixed Use 225 Commercial Street, Provincetown, MA Topknot Properties LLC Edward Polay 4,443 SF 3,140 SF Price: $1,093,000 $ SF Date: 5/19/2011 Tennis/Racquetball Club 85 Mill Street, Brockton, MA James Bertarelli James Bertarelli for William Bertarelli 2.18 Acres 44,016 SF Price: $650,000 $14.76 SF Date: 5/19/2011 Retail, Mixed Res/Commercial 111 & Pleasant Street, Brockton, MA Chouwdhury RE LLC Jose Fernandez 13,504 SF 19,974 SF (2 Buildings) Price: $1,050,000 $52.56 SF Contains Retail Space & Apartment Units Date: 5/18/2011 City/Town Property 229 North Street, Hingham, MA Hersey House 229 LLC Town of Hingham 3.33 Acres 8,874 SF Price: $1,250,000 $ SF Date: 5/20/2011 Office Building 600 Longwater Drive, Norwell, MA Jumbo Capital Norwell Oasis Longwater LLC 5.6 Acres 70,644 SF Price: $7,900,000 $ SF

11 Date: 5/20/2011 Bank Building 180 Elsbree Street, Fall River, MA John Marshall Fall River Five Cents Savings Bank.39 Acres 1,465 SF Price: $365,000 $ SF Date; 5/18/2011 Retail Service 478 Middleboro Avenue, Taunton, MA Aaron Amaro 478 Middleboro Avenue LLC 19,166 SF 2,500 SF Price: $375,000 $150 SF Date: 5/18/2011 Office Building 540 Myles Standish Blvd., Taunton, MA Rock Partners LLC 540 Taunton LLC 4.17 Acres 22,200 SF Price: $1,150,000 $51.80 SF Date; 5/17/2011 Retail Service 141 Bradford Street, Provincetown, MA 141 Bradford RE LLC Rodney James Realty LLC 5,271 SF 3,258 SF Price: $485,000 $ SF Date: 5/20/2011 Retail Service 378 West Center Street, West Bridgewater, MA Demoulas Supermarkets Inc. John Burnham 23,133 SF 1,508 SF Price: $325,000 $ SF

12 Date: 5/20/2011 Mixed Use-Res & Comm 380 West Center Street, West Bridgewater, MA Demoulas Supermarkets Inc. Daniel McNeill 30,492 SF 4,269 SF Price: $530,000 $ SF Date: 5/20/2011 Type of property: Mixed Use-Res & Comm 402 West Center Street, West Bridgewater, MA Demoulas Supermarkets Inc. Bruce & Claire Pratt 5.4 Acres 5,496 SF Price: $675,000 $ SF Date: 5/24/2011 Auto, Other 3 County Street, Somerset, MA Somerset Mobil Inc. Edwin Baker 5,227 SF 2,432 SF Price: $230,000 $94.57 SF Date: 5/27/2011 Office Building 463 Swansea Mall Drive, Swansea, MA Swansea Healthcare LLC Sallie Mae Inc Acres 37,026 SF Price: $782,250 $21.12 SF Sold at Online Auction Date: 5/23/2011 Retail Department Store 269 Pembroke Street, Kingston, MA J. Squarred Properties LLC 3 Boys LLC 40,168 SF 1,390 SF Price: $375,000 $269.78SF

13 Date: 6/3/2011 Auto Sales 436 Yarmouth Road, Barnstable, MA 499 Route 6A Inc. 436 Yarmouth Road LLC 24,394 SF 6,628 SF Price: $800,000 $ SF Date: 6/1/2011 Office Building 110 State Road, Bourne, MA 110 State Road LLC Donald Henderson 38,333 SF 11,956 SF Price: $425,000 $35.54 SF Date: 6/3/2011 Restaurant/Apartment Building 385 Columbia Street, Fall River, MA MSS 2 Realty LLC Carvalho FT 4,356 SF 9,849 SF Price: $500,000 $50.76 SF Restaurant with 6 Apartment Units Above Date: 6/1/2011 Type of property: Mixed Use-Commercial/Industrial 2060 Washington Street, Hanover, MA Prime Infiniti RE LLC Randolph Wright 5.3 Acres 7,897 SF Price: $2,750,000 $ SF 3 Buildings Date: 6/1/2011 Auto Repair 28 Wareham Street, Middleboro, MA Penn Street LLC Vincent Dirusso 18,152 SF 3,624 SF Price: $252,000 $69.53 SF

14 Date: 6/7/2011 Store 408 South Main Street, Attleboro, MA 408 South Main Street LLC Brothers Realty LLC 8,712 SF 2,410 SF Price: $525,000 $ SF Date: 6/10/2011 Auto Sales 3131 Cranberry Highway, Wareham, MA Giancola Properties LLC Mayflower Cooperative Bank 1.85 Acres 18,276 SF Price: $725,000 $39.66 SF Date: 6/15/2011 Retail Department Store 64 Fairhaven Road, Mattapoisett, MA Saltbox Properties LLC John Middleton 34,412 SF 2,883 SF Price: $385,000 $ SF Date: 6/14/2011 Medical Office Building 253 Bedford Street, Bridgewater, MA Brookeout LLC Dale Fisher 21,780 SF 2,480 SF Price: $620,000 $250 SF Date: 6/16/2011 Office Building 45 Pearl Street, Brockton, MA Shumeane Benford JBR Developers Inc. 1.1 Acres 8,976 SF Price: $125,000 $13.92 SF

15 Date: 6/17/2011 Multi-Use Commercial Buffinton Street, Somerset, MA Pharmacy Portfolio 2 DST Richmond Somerset Development LLC 1.56 Acres 22,046 SF Price: $6,549,000 $ SF Date: 6/13/2011 Gas Mart 100 Lawton Avenue, Taunton, MA 100 Lawton Street LLC Cumberland Farms LLC 27,443 SF 2,400 SF Price: $900,000 $375 SF Date: 6/22/2011 Gas Station 508 Middleboro Avenue, Taunton, MA Andy Amaro Albert Amaro 35,284 SF 2,639 SF Price: $965,000 $ SF Date: 6/24/2011 Retail Service 337 Winthrop Street, Taunton, MA Tom & Jimmies Inc. Wells Fargo Bank NA 6,970 SF 480 SF Price: $95,000 $ SF Date: 6/30/2011 Gas Station 94 Winthrop Street, Taunton, MA Kostas Geroukos Winthrop Energy Inc. 9,148 SF 1,232 SF Price: $410,000 $ SF

16 Date: 6/28/2011 Office Building 1968 Main Road, Westport, MA Dorothy Tongue Daniel Tripp 3,223 SF 2,110 SF Price: $340,000 $ SF Date: 6/3/2011 Office Building-Medical 892 Plain Street, Marshfield, MA Hession Realty LLC Eagle Real Estate Fund LLC 2 Acres 21,464 SF Price: $917,000 $42.72 SF Date: 6/24/2011 Retail Service 287 School Street, Mansfield, MA Davos Mansfield LLC Hecthwin Mansfield LLC 6.26 Acres 24,360 SF Price: $10,375,000 $ SF 2 Buildings Date: 6/23/2011 Retail Service 674 Dartmouth Street, Dartmouth, MA 674 Dartmouth Street LLC Spindle City Realty LLC 1.09 Acres 11,070 SF Price: $1,150,000 $ SF Date: 5/5/2011 Auto Supply 196 Huttleston Avenue, Fairhaven, MA Route 6 Props LLC Robert Gomes 16,378 SF 4,011 SF Price: $400,000 $99.72 SF

17 Condos Date: 4/1/2011 Commercial Condo Commercial Street, Unit 1, Provincetown, MA Chad LLC & Villa LLC Shawn Nightingale Tr. For Pilgrim House RT 15,491 SF Price: $1,210,000 $78.11 SF Date; 4/14/2011 Medical Condo 89 Lewis Bay Road, Hyannis, MA Jeffrey & Karin Twarog 89 Lewis Bay LLC 1,307 SF Price: $349,000 $ SF Date: 4/13/2011 Office Condo 46 North Street, Hyannis, MA NSCC 2 LLC 46 North Street LLC 3,076 SF Price: $630,000 $ SF Date: 4/ Industrial Condo 154 Commerce Park, Unit 4B, Chatham, MA Michael Powers Peter Barber 695 SF Price: $72,500 $ SF Date: 4/19/2011 Industrial Condo 124 Turnpike Street, Unit 17, Easton, MA MLG Realty LLC James Killgoar for Stonehill Seventeen Trust 1,520 SF Price: $93,333 $61.40 SF

18 Date: 5/4/2011 Commercial Condos 237 Commercial Street, Provincetown, MA Provincetown Film Society Whalers Wharf LLC 2,248 SF (Total) Price: $450,000 $64,285 per Unit 7 Units Date: 6/15/2011 Industrial Condo 16 Kendrick Road, Wareham, MA 16 Kendrick Road LLC Kimberly Smith 2,028 SF Price: $137,000 $67.55 SF Date: 6/20/2011 Industrial Condo 30 Cit Avenue, Unit 8, Hyannis. MA D. Scott Horgan John Merrick 1,369 SF Price: $125,000 $91.30 SF Date: 5/25/2011 Retail Condo 205 Worcester Court, Unit B4, Falmouth, MA Jam LLC Coastal Classics Realty 3,100 SF Price: $339,000 $ SF Date: 6/2/2011 Office Condo 100 Copeland Drive, Unit 4, Mansfield, MA Roxana Delcea Beth Levenson 748 SF Price: $150,000 $ SF

19 Date: 6/10/2011 Industrial Condo 92 Rosary Lane, Unit 19, Hyannis, MA Housing Assistance Corporation Junius Hopkins 954 SF Price: $76,000 $79.66 SF Date: 6/29/2011 Industrial Condo 152 Breeds Hill Road, Unit 6, Barnstable, MA Edward Malloy Owen Duff 3,199 SF Price: $257,500 $80.49 SF Date: 6/10/2011 Office Condo 150 Longwater Drive, Unit 202, Norwell, MA P-3 Inc Holbrook Cooperative Bank 2,163 SF Price: $285,000 $ SF Date: 6/21/2011 Office Condo 17 Accord Park Drive, Unit 105, Norwell, MA Rbg Holding LLC Peter Carlson 1,734 SF Price: $173,400 $100 SF Apartments Date: 4/27/2011 Apartment Building 189 Standish Avenue, Plymouth, MA Rogan Props LLC Aldo & Sharon Gomes 4,792 SF 4,800 SF Price: $610,000 $101,666 per Unit 6 Units

20 Date: 4/26/2011 Apartment Building 125 Minot Avenue, East Wareham, MA New Depot Crossing LP Rockland T Phoenix LLC 4.11 Acres 24,336 SF Price: $1,247,925 $38,997 per Unit 32 Apartments Date: 4/27/2011 Apartment Building 21 Emory Street, Attleboro, MA Timothy & Allison Dyer David Walsh 5,878 SF 4,408 SF Price: $225,000 $56,250 per Unit 4 Units Date: 4/27/2011 Apartment Building 27 Emory Street, Attleboro, MA Timothy & Allison Dyer David Walsh 6,237 SF 4,408 SF Price: $212,000 $53,000 per Unit 4 Units Date: 5/2/2011 Apartment Building 597 & 601 West Falmouth Highway, Falmouth, MA Westwind Cottages LLC Annandale Apartments LLC 1.84 Acres 5,210 SF (total of 2 buildings) Price: $1,264,000 $210,666 per Unit 6 Units-Buyer will be Constructing Condo s Date: 5/17/2011 Apartment Building 42 Summer Street, Kingston, MA Richard Eldridge Lawrence Griffin 38,664 SF 2,781 SF Price: $450,000 $56,250 per Unit 8 Units

21 Date: 5/20/2011 Apartment Building 26 Pleasant Street, Pembroke, MA Patricia Santin & Janet Watts Kindred Apartments LLC 40,507 SF 3,428 SF Price: $450,000 $64,285 per Unit 7 Units Date; 5/19/2011 Apartment Complex 792 West Street, Mansfield, MA Behringer Havard Fairfield Green at Mansfield Acres 253,398 SF Price: $36,000,000 $180,000 per Unit Date: 5/27/2011 Apartment Building 78 East Grove Street, Middleboro, MA Edward Mederios Michael Striar 10,629 SF 3,120 SF Price: $300,000 $75,000 per Unit 4 Units Land Date: 4/5/2011 Commercial Land 441 Winthrop Street, Taunton, MA Bruce & John Paul Thomas Joseph & Paula Ruggiero 20.5 Acres Price: $1,000,000 $48,780 per Acre Date: 4/13/2011 Industrial Land 52 Mercantile Way, Mashpee, MA Community Bank Timothy Kelley & Community Bank 1.63 Acres Price: $315,000 $193,251 per Acre

22 Date: 4/20/2011 Commercial Land 2101 Bay Street, Taunton, MA CSC Northwoods Xing LLC KGI Taunton li LLC 9.18 Acres Price: $3,986,500 $434,259 per Acre Date: 4/29/2011 Commercial Land 872 Globe Street, Fall River, MA Amaral Brothers Inc. Alissa Fishman 25,700 SF Price: $255,000 $9.92 SF Date: 5/3/2011 Industrial Land Freedom Trail, Plympton, MA Sysco Boston LLC SN Commercial LLC Acres Price: $5,772,200 $33,059 per Acre Date: 5/20/2011 Commercial Land 352 West Center Street, West Bridgewater, MA Demoulas Supermarkets Inc Waterstone Meadowbrook Place 7.6 Acres Price: $4,276,246 $562,663 per Acre Date: 5/31/2011 Type of property: Undevelopable Land 70 Weir Street, Taunton, MA Weir Street LLC IB Property Holdings LLC 5,227 SF Price: $65,000 $12.43 SF

23 Date: 6/21/2011 Commercial Land Beal Street & Sgt. William B. Terry Drive, Hingham, MA Hingham Terry Drive LLC John J. Flatley 5+/- Acres Price: $2,000,000 $400,000 per Acre Date: 4/7/2011 Land 49 Edgerton Drive, Falmouth, MA Teledyne Benthos Inc. Falmouth Economic Development 6.1 Acres Price: $995,000 $163,114 per Acre

Comps for Southeastern, MA 1 st Quarter 2011 Prepared by Michael Giancola, SIOR

Comps for Southeastern, MA 1 st Quarter 2011 Prepared by Michael Giancola, SIOR Industrial Date: 1/5/2011 Industrial Warehouse Commerce Park South, 64 Commerce Park South & Meetinghouse Road, South Chatham,