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Lease rates today in San Leandro are as low as $0.40/sq ft/month (Reynolds and Brown) whereas <br /> a lit Class A office building would lease for about $3.00 /sq ft/month (David Irmer). This would <br /> have the effect of creating a like increase in value of structures and it would help achieve a <br /> higher % leased. The most important feature is that it creates a unique feature for next gen <br /> manufacturers that cannot be matched in other Bay Area Cities. The closest is Santa Clara <br /> (which has itsr own fiber loop) but because of the proximity to land and workers, is not very <br /> competitive with San Leandro. This uniqueness also provides the incentive for building owners <br /> and developers to remove the older generation of manufacturer and build high tech buildings <br /> and plants. This is critical because most of the existing structures are not suitable for the high <br /> tech industry and until the potential upside is large enough, investors cannot justify this curtail <br /> step. A description of the Lit San Leandro project is available by email at pat a.osisoft.com. <br /> 1677047v4 27 Lit San Leandro Fiber Optic License <br />