The Hillis Borst Team combines a unique blend of complimentary talents that provide our clients with a combination of professional experience, expertise, and analytical capabilities to meet the most complex real estate challenges.

1. 234 Offices in 61 Countries
Europe
IN OUR BUSINESS
Austria Belgium Czech Republic France Ireland Norway Russia
Vienna* Brussels Prague Lyon Cork* Drammen* Moscow
Paris Dublin* Oslo*
Bahrain Bulgaria Denmark Scotland
Stavanger*
Manama Sofia* Copenhagen* Germany Italy Edinburgh
Canada
YOU’RE KNOWN BY THE
Berlin Bologna Poland Glasgow
Channel Islands England
Dusseldorf Milan Warsaw
EXCEEDING
Alberta Manitoba Newfoundland Jersey* Birmingham Serbia
Frankfurt Rome
Calgary Winnipeg* St. John's* London-City Portugal Belgrade*
United States Edmonton*
New Brunswick Nova Scotia
London-West End
Hamburg
Munich
Kazahkstan Lisbon
Slovakia
COMPANIES YOU KEEP
Manchester Almaty
Alabama British Columbia Moncton* Halifax* Romania Bratislava
Thames Valley Greece
Birmingham* Vancouver Saint John* Kosovo Bucharest
Ontario Athens* Spain
Pristina Timisoara
Arizona London Barcelona
Hungary
Phoenix Newmarket Budapest
Luxembourg Madrid
Tempe Ottawa* Luxembourg*
Tucson* Sweden
Toronto Central Macedonia Stockholm
California Toronto East
OUR CLIENTS’
Skopje*
Inland Empire Toronto West Switzerland
Massachusetts The Netherlands Basel*
L.A. Boston Quebec
L.A. South Bay Amsterdam Geneva*
Montreal Central Zurich*
L.A. West Michigan Montreal Suburban Northern Ireland
Marin/Sonoma Cty Detroit* Belfast* Turkey
Oakland Grand Rapids* Istanbul
Orange County Holland*
Sacramento Kalamazoo*
San Diego - Downtown Lansing*
San Diego - Eastgate Muskegon* Oregon
Middle East/Africa
EXPECTATIONS
San Francisco Minnesota Portland
San Jose Minneapolis
Walnut Creek Pennsylvania Israel South Africa Syria
Minneapolis Suburban Tel Aviv* Cape Town* Damascus*
Philadelphia
Colorado Missouri Philadelphia Suburban Durban*
Colorado Springs* Lebanon United Arab Emirates
Kansas City* Pittsburgh* Johannesburg*
Denver Beirut* Dubai
St. Louis* Pretoria*
Puerto Rico
Connecticut Nevada San Juan*
Hartford Las Vegas*
Stamford South Carolina
Delaware
New Hampshire Charleston*
Australia/Asia Pacific
DELIVERING
Manchester Greenville/Spartanburg*
Wilmington Australia Malaysia
New Jersey Tennessee Melbourne* Kuala Lumpur*
District of East Rutherford Chattanooga*
Columbia
Washington, D.C.
Edison Knoxville* Latin America Sydney
China
New Zealand
Auckland*
Morristown Memphis*
Argentina Mexico Beijing Wellington*
Florida New York
Nashville*
Buenos Aires Ciudad Juarez
Ft. Lauderdale Chengdu
Albany* Texas Guadalajara* Pakistan
Ft. Myers* Brazil Guangzhou
Binghamton* Austin* Mexico City Hong Kong Karachi*
Jacksonville Manaus
Buffalo* Dallas Monterrey Shanghai
Miami
El Paso
Porto Alegre Philippines
Corning/Elmira*
Orlando Rio de Janeiro Peru Shenzhen Manila*
RESULTS
Hudson Valley* Houston
Palm Beach Gardens São Paulo Lima Fiji*
Islandia San Antonio*
São Paulo-Barueri
Singapore
Tampa
Ithaca* Venezuela India
Utah South Korea
Georgia Melville, LI Chile Caracas Bangalore
Clearfield/Ogden* Busan
Atlanta N.Y. Downtown Santiago* Chennai
Park City* Seoul
Savannah* N.Y. Midtown
Provo/Orem* Colombia Gurgaon
Rochester*
Salt Lake City* Hyderabad Taiwan
Hawaii Syracuse
Bogota
Taipei*
Honolulu St. George* Kolkata
Syracuse* Mumbai – City
Utica* Virginia Thailand
Illinois Mumbai – Suburbs Bangkok*
Chicago Watertown* Fredicksburg* New Delhi
Chicago Suburban Westchester County Lynchburg* Pune Vietnam
McLean Hanoi
Indiana North Carolina Newport News* Indonesia Ho Chi Minh City
Bloomington* Charlotte* Jakarta
Norfolk/Virginia Beach*
Indianapolis* Raleigh/Cary
Richmond*
Raleigh/Durham* Japan
Mike Hillis, SIOR, CCIM
Kentucky Roanoke*
Tokyo
Louisville* Ohio Washington
Cincinnati*
Maine Bellevue*
Portland
Cleveland*
Columbus*
Seattle*
C&W Global Offices
DENOTES C&W ALLIANCE OFFICES
702.688.6917
Toledo* Wisconsin
Maryland
Baltimore Oklahoma Milwaukee*
AS OF MARCH 2011
mhillis@comre.com
Bethesda Oklahoma City*
Tulsa*
Susan Borst, CCIM
Cush m an & Wak ef i el d Com m erce R eal Est ate S olut io n s 702.688.6915
sborst@comre.com
Cushman & Wakefield is the world’s largest privately-held Commerce Real Estate Solutions has been among the top
commercial real estate services firm. Founded in 1917, it commercial real estate brokerage firms in the Intermountain
has 234 offices in 61 countries and 15,000 employees. The and North West Region for over 30 years. With a presence in
nine major markets serving 6 intermountain states, we offer Katie Madanat
firm represents a diverse customer base ranging from small
a full range of brokerage services, valuation and consulting, 702.688.6948
businesses to Fortune 500 companies. It offers a complete
client representation and property/facility management. kmadanat@comre.com
range of services within four primary disciplines: Transaction Our alliance with Cushman & Wakefield extends our reach
Services, including tenant and landlord representation worldwide.
in office, industrial and retail real estate; Capital Markets,
including property sales, investment management, valuation In June 2004, the company became an independently
services, investment banking, debt and equity financing; Client owned and operated member of the Cushman & Wakefield
Solutions, including integrated real estate strategies for large International Alliance and is currently one of the largest
alliance affiliates in the Cushman & Wakefield Network.
corporations and property owners, and Consulting Services,
including business and real estate consulting. A recognized
leader in global real estate research, the firm publishes a broad
array of proprietary reports available on its online Knowledge
3980 Howard Hughes Parkway, Suite 100 • Las Vegas, NV 89169
Center at www.cushmanwakefield.com. Tel. 702.796.7900 • Fax 702.796.7920 • www.comre.com

2. Our Team
An effective Commercial Real Estate Team is more
than a group of brokers with similar experience
and skill sets. Our Team, comprised of Susan Borst,
Mike Hillis and Katie Madanat, combines a unique
Investment Services Industrial Brokerage blend of complimentary talents that provide
In today’s rapidly changing investment environment, Whether you are a new tenant in the Southern Nevada our clients with a combination of professional
Sellers and Buyers need representation from their market or an existing tenant looking to expand, contract, or experience, expertise, and analytical capabilities
brokerage team that meets the challenges in completing modify your existing lease, you need a team that is familiar to meet the most complex real estate challenges.
complex transactions. Our regional and international with every aspect of the local industrial market. If you are As a seasoned team, we are prepared to provide a
platform provides our clients with the most comprehensive a landlord, you need a team that will aggressively market complete package of services from the conceptual
package of services, experience and expertise in executing your space and help you retain your existing tenants. There analysis of a transaction through the execution
any sized investment transaction. The following are some is no team better prepared to meet the needs of tenants and conclusion.
of the services we offer our investor clients: and property owners than ours. Here are some of the
brokerage services we can offer:
ŠŠ Comprehensive Database of Buyers, Sellers and
Investors for all Property Types ŠŠ Micro-Market Analysis Utilizing the Most
ŠŠ The Market’s Most Complete Database of Property Comprehensive Database in the Market Susan Borst, CCIM
and Transactions As a senior member of the Cushman & tenants when it comes to representation on The Society of Industrial & Office Realtors
ŠŠ Lease vs. Buy Analysis
Wakefield / Commerce Las Vegas Team, properties or space for lease. (SIOR). Mike is currently International Vice
ŠŠ Brokers’ Price Opinions ŠŠ Conceptual Project and Site Analysis Susan Borst brings a wealth of knowledge, President of SIOR and a member of the
ŠŠ Complete ARGUS Analysis Services ŠŠ Graphics and GIS Services dedication, experience and professionalism Susan’s desire to be on the leading edge of SIOR Board and Executive Committee.
to every transaction in which she is involved. the real estate industry has led her to obtain
ŠŠ Due Diligence Services ŠŠ Valuation Services With over 17 years of experience in the the designation of Certified Commercial Mike graduated from The University of
ŠŠ Valuation Services ŠŠ Build-To-Suit Analysis commercial real estate industry, Susan has Investment Member (CCIM), where she is Oregon Business School with a bachelor’s
ŠŠ Sale Lease-Backs developed an attention to detail and a a member of the local Chapter and past degree in Marketing and Industrial
ŠŠ Repositioning Analysis
dedication to customer service that earns Board Member. Management.
ŠŠ Distressed Asset Repositioning and Stabilization ŠŠ Occupancy Cost Analysis her the trust and respect of her associates.
ŠŠ Cost Segregation ŠŠ Supply Chain Analysis Her integrity and honesty create long-term, Mike Hillis, SIOR, CCIM Katie Madanat
lasting relationships with our team’s clients. For 30 plus years Mike Hillis has been Katie Madanat joined Cushman &
actively involved in all phases of commercial Wakefield / Commerce in 2008 and
Prior to making the move to real estate and industrial real estate and business brought with her 10+ years of professional
brokerage, Susan was the due diligence
Business Consulting
transactions, not merely as a facilitator, but experience. Katie’s diverse background
and closing manager for Harsch Investment as an active participant who must live with in contract administration, development,
Properties. In this position she closed the transaction after the close. This hands- real estate systems utilization and
more than $850 million in acquisition and on experience provides the critical insight overall organizational skills add a unique
Let our team, in conjunction with our Cushman & Wakefield resources help you answer the following questions:
sale assignments, consisting of shopping necessary to ensure all the details important compliment to the team insuring our
ŠŠ What are the strategic, financial and operational implications of using the same facility footprint across multiple markets and/ centers, apartments, office and industrial to making a deal a good one are covered. clients that no detail is overlooked.
or business processes? properties.
ŠŠ Where in the world is the best long-term location for a new manufacturing plant or service center? As a professional with Commerce Real Estate In addition to her overall organizational
Susan’s analytical expertise includes: Solutions, Mike has focused on investment skills, Katie’s experience includes investment
ŠŠ How can the operations, cost and flexibility of an evolving portfolio be optimized?
cash flow analysis (Argus), lease and CAM and industrial transactions drawing on his sales and representation of mid-rise
ŠŠ What geographic location best supports a product or process?
evaluation, risk identification, analysis of broad experience in dealing with the most projects throughout the Las Vegas market,
ŠŠ What strategic and tactical improvements are needed to ensure a supply chain supports customer service and productivity third party reports such as environmental complex real estate challenges. He has where she served as Vice President of Sales
initiatives? studies, title reports, and surveys. This vast represented national, regional and local for a boutique firm specializing in high rise
ŠŠ How can real estate solutions support processes and workforce needs to enhance business effectiveness? experience makes Susan an invaluable clients in transactions spanning 23 states developments in Southern Nevada.
ŠŠ What course of action meets immediate expansion needs while preserving advantageous long-term real estate and financing resource to buyers or sellers as they and Canada. In an effort to compliment
alternatives? evaluate properties to add to or eliminate his professional skills he has achieved Katie achieved a Bachelor’s Degree from
ŠŠ What is the optimal location configuration for a Business-to-Customer or Business-to-Business network? from their investment portfolios. She also the designations of Certified Commercial George Mason University and is a graduate
has the expertise to assist landlords and Investment Member (CCIM), as well as of Rapport Leadership International.
ŠŠ Are your property taxes in line with today’s market?

3. Our Team
An effective Commercial Real Estate Team is more
than a group of brokers with similar experience
and skill sets. Our Team, comprised of Susan Borst,
Mike Hillis and Katie Madanat, combines a unique
Investment Services Industrial Brokerage blend of complimentary talents that provide
In today’s rapidly changing investment environment, Whether you are a new tenant in the Southern Nevada our clients with a combination of professional
Sellers and Buyers need representation from their market or an existing tenant looking to expand, contract, or experience, expertise, and analytical capabilities
brokerage team that meets the challenges in completing modify your existing lease, you need a team that is familiar to meet the most complex real estate challenges.
complex transactions. Our regional and international with every aspect of the local industrial market. If you are As a seasoned team, we are prepared to provide a
platform provides our clients with the most comprehensive a landlord, you need a team that will aggressively market complete package of services from the conceptual
package of services, experience and expertise in executing your space and help you retain your existing tenants. There analysis of a transaction through the execution
any sized investment transaction. The following are some is no team better prepared to meet the needs of tenants and conclusion.
of the services we offer our investor clients: and property owners than ours. Here are some of the
brokerage services we can offer:
ŠŠ Comprehensive Database of Buyers, Sellers and
Investors for all Property Types ŠŠ Micro-Market Analysis Utilizing the Most
ŠŠ The Market’s Most Complete Database of Property Comprehensive Database in the Market Susan Borst, CCIM
and Transactions As a senior member of the Cushman & tenants when it comes to representation on The Society of Industrial & Office Realtors
ŠŠ Lease vs. Buy Analysis
Wakefield / Commerce Las Vegas Team, properties or space for lease. (SIOR). Mike is currently International Vice
ŠŠ Brokers’ Price Opinions ŠŠ Conceptual Project and Site Analysis Susan Borst brings a wealth of knowledge, President of SIOR and a member of the
ŠŠ Complete ARGUS Analysis Services ŠŠ Graphics and GIS Services dedication, experience and professionalism Susan’s desire to be on the leading edge of SIOR Board and Executive Committee.
to every transaction in which she is involved. the real estate industry has led her to obtain
ŠŠ Due Diligence Services ŠŠ Valuation Services With over 17 years of experience in the the designation of Certified Commercial Mike graduated from The University of
ŠŠ Valuation Services ŠŠ Build-To-Suit Analysis commercial real estate industry, Susan has Investment Member (CCIM), where she is Oregon Business School with a bachelor’s
ŠŠ Sale Lease-Backs developed an attention to detail and a a member of the local Chapter and past degree in Marketing and Industrial
ŠŠ Repositioning Analysis
dedication to customer service that earns Board Member. Management.
ŠŠ Distressed Asset Repositioning and Stabilization ŠŠ Occupancy Cost Analysis her the trust and respect of her associates.
ŠŠ Cost Segregation ŠŠ Supply Chain Analysis Her integrity and honesty create long-term, Mike Hillis, SIOR, CCIM Katie Madanat
lasting relationships with our team’s clients. For 30 plus years Mike Hillis has been Katie Madanat joined Cushman &
actively involved in all phases of commercial Wakefield / Commerce in 2008 and
Prior to making the move to real estate and industrial real estate and business brought with her 10+ years of professional
brokerage, Susan was the due diligence
Business Consulting
transactions, not merely as a facilitator, but experience. Katie’s diverse background
and closing manager for Harsch Investment as an active participant who must live with in contract administration, development,
Properties. In this position she closed the transaction after the close. This hands- real estate systems utilization and
more than $850 million in acquisition and on experience provides the critical insight overall organizational skills add a unique
Let our team, in conjunction with our Cushman & Wakefield resources help you answer the following questions:
sale assignments, consisting of shopping necessary to ensure all the details important compliment to the team insuring our
ŠŠ What are the strategic, financial and operational implications of using the same facility footprint across multiple markets and/ centers, apartments, office and industrial to making a deal a good one are covered. clients that no detail is overlooked.
or business processes? properties.
ŠŠ Where in the world is the best long-term location for a new manufacturing plant or service center? As a professional with Commerce Real Estate In addition to her overall organizational
Susan’s analytical expertise includes: Solutions, Mike has focused on investment skills, Katie’s experience includes investment
ŠŠ How can the operations, cost and flexibility of an evolving portfolio be optimized?
cash flow analysis (Argus), lease and CAM and industrial transactions drawing on his sales and representation of mid-rise
ŠŠ What geographic location best supports a product or process?
evaluation, risk identification, analysis of broad experience in dealing with the most projects throughout the Las Vegas market,
ŠŠ What strategic and tactical improvements are needed to ensure a supply chain supports customer service and productivity third party reports such as environmental complex real estate challenges. He has where she served as Vice President of Sales
initiatives? studies, title reports, and surveys. This vast represented national, regional and local for a boutique firm specializing in high rise
ŠŠ How can real estate solutions support processes and workforce needs to enhance business effectiveness? experience makes Susan an invaluable clients in transactions spanning 23 states developments in Southern Nevada.
ŠŠ What course of action meets immediate expansion needs while preserving advantageous long-term real estate and financing resource to buyers or sellers as they and Canada. In an effort to compliment
alternatives? evaluate properties to add to or eliminate his professional skills he has achieved Katie achieved a Bachelor’s Degree from
ŠŠ What is the optimal location configuration for a Business-to-Customer or Business-to-Business network? from their investment portfolios. She also the designations of Certified Commercial George Mason University and is a graduate
has the expertise to assist landlords and Investment Member (CCIM), as well as of Rapport Leadership International.
ŠŠ Are your property taxes in line with today’s market?

4. 234 Offices in 61 Countries
Europe
IN OUR BUSINESS
Austria Belgium Czech Republic France Ireland Norway Russia
Vienna* Brussels Prague Lyon Cork* Drammen* Moscow
Paris Dublin* Oslo*
Bahrain Bulgaria Denmark Scotland
Stavanger*
Manama Sofia* Copenhagen* Germany Italy Edinburgh
Canada
YOU’RE KNOWN BY THE
Berlin Bologna Poland Glasgow
Channel Islands England
Dusseldorf Milan Warsaw
EXCEEDING
Alberta Manitoba Newfoundland Jersey* Birmingham Serbia
Frankfurt Rome
Calgary Winnipeg* St. John's* London-City Portugal Belgrade*
United States Edmonton*
New Brunswick Nova Scotia
London-West End
Hamburg
Munich
Kazahkstan Lisbon
Slovakia
COMPANIES YOU KEEP
Manchester Almaty
Alabama British Columbia Moncton* Halifax* Romania Bratislava
Thames Valley Greece
Birmingham* Vancouver Saint John* Kosovo Bucharest
Ontario Athens* Spain
Pristina Timisoara
Arizona London Barcelona
Hungary
Phoenix Newmarket Budapest
Luxembourg Madrid
Tempe Ottawa* Luxembourg*
Tucson* Sweden
Toronto Central Macedonia Stockholm
California Toronto East
OUR CLIENTS’
Skopje*
Inland Empire Toronto West Switzerland
Massachusetts The Netherlands Basel*
L.A. Boston Quebec
L.A. South Bay Amsterdam Geneva*
Montreal Central Zurich*
L.A. West Michigan Montreal Suburban Northern Ireland
Marin/Sonoma Cty Detroit* Belfast* Turkey
Oakland Grand Rapids* Istanbul
Orange County Holland*
Sacramento Kalamazoo*
San Diego - Downtown Lansing*
San Diego - Eastgate Muskegon* Oregon
Middle East/Africa
EXPECTATIONS
San Francisco Minnesota Portland
San Jose Minneapolis
Walnut Creek Pennsylvania Israel South Africa Syria
Minneapolis Suburban Tel Aviv* Cape Town* Damascus*
Philadelphia
Colorado Missouri Philadelphia Suburban Durban*
Colorado Springs* Lebanon United Arab Emirates
Kansas City* Pittsburgh* Johannesburg*
Denver Beirut* Dubai
St. Louis* Pretoria*
Puerto Rico
Connecticut Nevada San Juan*
Hartford Las Vegas*
Stamford South Carolina
Delaware
New Hampshire Charleston*
Australia/Asia Pacific
DELIVERING
Manchester Greenville/Spartanburg*
Wilmington Australia Malaysia
New Jersey Tennessee Melbourne* Kuala Lumpur*
District of East Rutherford Chattanooga*
Columbia
Washington, D.C.
Edison Knoxville* Latin America Sydney
China
New Zealand
Auckland*
Morristown Memphis*
Argentina Mexico Beijing Wellington*
Florida New York
Nashville*
Buenos Aires Ciudad Juarez
Ft. Lauderdale Chengdu
Albany* Texas Guadalajara* Pakistan
Ft. Myers* Brazil Guangzhou
Binghamton* Austin* Mexico City Hong Kong Karachi*
Jacksonville Manaus
Buffalo* Dallas Monterrey Shanghai
Miami
El Paso
Porto Alegre Philippines
Corning/Elmira*
Orlando Rio de Janeiro Peru Shenzhen Manila*
RESULTS
Hudson Valley* Houston
Palm Beach Gardens São Paulo Lima Fiji*
Islandia San Antonio*
São Paulo-Barueri
Singapore
Tampa
Ithaca* Venezuela India
Utah South Korea
Georgia Melville, LI Chile Caracas Bangalore
Clearfield/Ogden* Busan
Atlanta N.Y. Downtown Santiago* Chennai
Park City* Seoul
Savannah* N.Y. Midtown
Provo/Orem* Colombia Gurgaon
Rochester*
Salt Lake City* Hyderabad Taiwan
Hawaii Syracuse
Bogota
Taipei*
Honolulu St. George* Kolkata
Syracuse* Mumbai – City
Utica* Virginia Thailand
Illinois Mumbai – Suburbs Bangkok*
Chicago Watertown* Fredicksburg* New Delhi
Chicago Suburban Westchester County Lynchburg* Pune Vietnam
McLean Hanoi
Indiana North Carolina Newport News* Indonesia Ho Chi Minh City
Bloomington* Charlotte* Jakarta
Norfolk/Virginia Beach*
Indianapolis* Raleigh/Cary
Richmond*
Raleigh/Durham* Japan
Mike Hillis, SIOR, CCIM
Kentucky Roanoke*
Tokyo
Louisville* Ohio Washington
Cincinnati*
Maine Bellevue*
Portland
Cleveland*
Columbus*
Seattle*
C&W Global Offices
DENOTES C&W ALLIANCE OFFICES
702.688.6917
Toledo* Wisconsin
Maryland
Baltimore Oklahoma Milwaukee*
AS OF MARCH 2011
mhillis@comre.com
Bethesda Oklahoma City*
Tulsa*
Susan Borst, CCIM
Cush m an & Wak ef i el d Com m erce R eal Est ate S olut io n s 702.688.6915
sborst@comre.com
Cushman & Wakefield is the world’s largest privately-held Commerce Real Estate Solutions has been among the top
commercial real estate services firm. Founded in 1917, it commercial real estate brokerage firms in the Intermountain
has 234 offices in 61 countries and 15,000 employees. The and North West Region for over 30 years. With a presence in
nine major markets serving 6 intermountain states, we offer Katie Madanat
firm represents a diverse customer base ranging from small
a full range of brokerage services, valuation and consulting, 702.688.6948
businesses to Fortune 500 companies. It offers a complete
client representation and property/facility management. kmadanat@comre.com
range of services within four primary disciplines: Transaction Our alliance with Cushman & Wakefield extends our reach
Services, including tenant and landlord representation worldwide.
in office, industrial and retail real estate; Capital Markets,
including property sales, investment management, valuation In June 2004, the company became an independently
services, investment banking, debt and equity financing; Client owned and operated member of the Cushman & Wakefield
Solutions, including integrated real estate strategies for large International Alliance and is currently one of the largest
alliance affiliates in the Cushman & Wakefield Network.
corporations and property owners, and Consulting Services,
including business and real estate consulting. A recognized
leader in global real estate research, the firm publishes a broad
array of proprietary reports available on its online Knowledge
3980 Howard Hughes Parkway, Suite 100 • Las Vegas, NV 89169
Center at www.cushmanwakefield.com. Tel. 702.796.7900 • Fax 702.796.7920 • www.comre.com