Panattoni Brother Press Release

Brother International Corporation Distribution Warehouse coming to Richmond

Richmond, VA – January 14, 2019 – Colliers International is pleased to have represented Panattoni Development Co. in the warehouse lease for Brother International Corporation’s relocation of its east coast distribution warehouse to Richmond, VA.

“We are happy to welcome another company that is going to bring jobs and investment to Richmond and cargo to the Port of Virginia,” said John F. Reinhart, CEO and executive director of the Virginia Port Authority. “Brother has selected a distribution site that provides them easy access to their cargo via the Richmond Marine Terminal and to their customers via I-95. We also want to thank Panattoni Development Company for its foresight to build speculative warehouse space in this market. Public and private infrastructure development outside our gates, combined with ongoing terminal improvements, promises continued job and investment growth of Virginia."

Relocating its east coast distribution center from New Jersey, Brother will occupy the entire 461,700 square foot warehouse, the largest spec warehouse ever developed in Richmond, starting Q2 of 2019. This strategic move puts them in a prime location in the mid-Atlantic region next to the Richmond Marine Terminal and I-95, and will bring new jobs to the Richmond area.

“We are very excited to be joining the Richmond community and moving to a state-of-the-art facility,” said Tony Melfi, Senior Vice President and Chief Financial Officer of Brother International Corporation. “I am particularly grateful to John Reinhart at the Port of Virginia and Selena Cuffee-Glenn at the City of Richmond and their teams for their assistance in making this happen.”

"We selected the Commerce Road site because of its strategic location both to Interstate 95 and to the POV's Richmond Marine Terminal and we are thrilled that Brother saw the strategic value of the location and selected the City of Richmond as its strategic mid-Atlantic home. A special thanks to the support from John Reinhart's Port of Virginia team and Selena Cuffee-Glenn's City of Richmond team," said William A. Hudgins, Senior Development Manager at Panattoni Development Company, Inc.

“Richmond’s central location, talented workforce and inclusive and welcoming quality of life make it a great place to do business,” said Mayor Levar M. Stoney. “Projects like this take a collaborative team effort, and I am grateful for the continued commitment of Panattoni Development, the Port of Virginia and our economic development professionals to connect our competitive city to the global market. We welcome Brother and wish them much success in our great city!”

Matt Anderson of Colliers International represented the landlord, Panattoni Development Co., and Gregg Christoffersen and Andy Zezas of JLL represented Brother International Corporation.

About Brother International Corporation

Brother International Corporation has earned its reputation as a leading supplier of innovative printing and labeling machines for the home and office as well as sewing and crafting machines for both home and industrial use. Brother International Corporation is a wholly-owned subsidiary of Brother Industries Ltd. With worldwide sales approaching $6 billion. This global manufacturer is celebrating its 110th year anniversary. The corporate headquarters for Brother in the Americas is located in Bridgewater, New Jersey. In addition to its headquarters, Brother has facilities in California, Illinois and Tennessee, as well as subsidiaries in Colorado, Canada, Brazil, Chile, Argentina, Peru and Mexico. For more information, visit www.brother.com.

About Panattoni Development Company, Inc.
Founded in 1986, Panattoni Development Company, Inc. is one of the largest privately held development companies worldwide. Panattoni is headquartered in Newport Beach and operates from 24 offices in the US, Canada, and Europe. Since inception, Panattoni has developed more than 320 million square feet of space including more than 110 million square feet of build-to-suit projects. Panattoni has developed industrial, office, and flex facilities in 278 cities located in 29 states and 9 countries.

About Colliers International Group Inc.
Colliers International Group Inc. (NASDAQ: CIGI) (TSX: CIGI) is a top tier global real estate services and investment management company operating in 69 countries with a workforce of more than 13,000 professionals. Colliers is the fastest-growing publicly listed global real estate services and investment management company, with 2017 corporate revenues of $2.3 billion ($2.7 billion including affiliates). With an enterprising culture and significant employee ownership and control, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide, and through its investment management services platform, has more than $25 billion of assets under management from the world’s most respected institutional real estate investors.

Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice to accelerate the success of its clients. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 13 consecutive years, more than any other real estate services firm. Colliers is ranked the number one property manager in the world by Commercial Property Executive for two years in a row.

Colliers is led by an experienced leadership team with significant equity ownership and a proven record of delivering more than 20% annualized returns for shareholders, over more than 20 years.

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