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prop0s2d RedeveCopri cnt & }. np rove Ments <br />The owner intends to construct a new building, comprised of approximately 31,819 square feet, <br />as Phase IV of its adjacent Gateway Plaza development. The new building will be of similar <br />construction as the existing Gateway buildings and can be demised to 7 units of approximately <br />4,320 square feet each. <br />The new construction will bring additional industrialloffice flex space to the South Bend market, a <br />product type that has shown demand in recent months, with low to moderate availability in terms <br />of supply. The building will also accommodate tenants, such as Memorial Health System, with <br />expansion needs, thus justifying their relocation out of the existing Gateway buildings. Adding <br />space on -site to fulfill these needs will enable tenants to remain at the property and consequently, <br />carry out longer lease terms. <br />