ALISO VIEJO AND THE SITE LOCATION

Aliso Viejo is a 6,600-acre balanced city in South Orange County located equidistant (50 miles) from Los Angles to the north and San Diego to the south. Vantis is located 700 yards south of the San Joaquin Hills Corridor and three miles west of Interstate 5. Aliso Viejo is adjacent to the cities of Laguna Beach, Laguna Hills, and Laguna Niguel.

The City of Aliso Viejo's master plan, approved by the County of Orange in 1979, laid the foundation for the innovative development of a total community covering almost ten square miles. Meeting the broad range needs of the business community and home buyers, the master plan provides for 36 percent of the land to be devoted to residential neighborhoods, 51 percent to parks, recreation, schools, and community facilities, and 13 percent to business, office and retail uses. Aliso Viejo strikes a balance between employment generation and residential population.

Since its founding, in 1983, this community has grown to a population of approximately 38,000 in 2000 residents and is anticipated to reach 48,000 upon its scheduled completion in 2005. The City of Aliso Viejo has been designed to provide a balance between jobs and housing. A projected 22,000-jobs will be accommodated in the business center known as Pacific Park.

Many Aliso Viejo residents will enjoy the opportunity to bicycle or walk to work as Pacific Park is situated within 1.5 miles of Aliso Viejo's projected 20,000 homes and apartments. A few of the major corporations currently located in Pacific Park include Pepsi Cola, Tamiya America, Inc., Q Logic, MBNA, Buy.com, Johnny Rocket, Land Rover, Outbound Services, and United Parcel Service. Fluor Corporation, the largest employer in South Orange County recently moved to its new world headquarters in Aliso Viejo.

Retail, service, and dining facilities are available within walking distance of the site. Aliso Viejo Town Center, located between the San Joaquin Hills Corridor and Pacific Drive in the heart of Aliso Viejo includes nearly 300-acres for office space, retail shops, hotels, restaurants and other business and community support facilities. Park Plaza, within the Aliso Viejo Town Center, is a 360,000 square foot retail and entertainment complex featuring numerous restaurants, shops, stores and a 20-screen Edward's Cineplex. Additional shopping and dining facilities are available within a short drive at the Von's Center at Aliso Creek Road and Moulton Parkway as well as the Hughes Center in the Aliso Viejo Town Center. These centers represent more than 1 million square feet of retail, restaurant, service and shopping facilities.

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When Soka University of America opens in the fall of 2001, it will be a four-year university merging "traditional Western liberal arts" with an "Asian/Pacific Rim" focus. The school will offer students from around the world the opportunity to learn in a collaborative and nourishing student-centered environment. The majority of the students will live on campus where residential life is integrated with the academic experience.

The planned campus is envisioned to be built out over an approximately fifteen to twenty year period, the first increment of which will be home to 500 students, 100 faculty and staff and over 600,000 gross square feet of building. The Soka University of America campus occupies a 103-acre site in the southerly area of Aliso Viejo. It is located along Wood Canyon Drive, about 1.5 miles from the proposed "Tenant" site.

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TRANSPORTATION

Transportation Corridors: The 17-miles San Joaquin Hills Corridor, which connects John Wayne Airport to San Juan Capistrano, runs through Aliso Viejo and is just north of the subject site.Two interchanges (Pacific Park Drive and Aliso Viejo Road) will serve Aliso Viejo and provide additional convenient regional access to the subject site.
Air Travel: John Wayne Airport is located approximately 15 minutes from the site and can be accessed directly on the new San Joaquin Hills Corridor. Additional flights may ultimately be available if the El Toro Marine Station is operated as a commercial airport.
Rail: The MetroLink and Amtrak stations in San Juan Capistrano and Irvine are located within 15 minutes of Aliso Viejo and are available to serve employees who desire to commute by rail.
Rapid Transit: Transit stops are located adjacent to the subject site accommodating those employees who ride the bus to work.
Alternate: Designed as a comprehensive master planned community, Aliso Viejo has bike and walking/jogging trails throughout the area that can be utilized safely by those who prefer human powered transportation to the office.