SWDEED COLFIN TO CI PHX 1 2016 9-22.PDF

OFFICIAL RECORDS OF
MARICOPA COUNTY RECORDER
HELEN PURCELL
20160689171 09/22/2016 09:03
ELECTRONIC RECORDING
1474556656133-7-8-4--
Hoyp
RECORDING REQUESTED BY:
Willkie Farr & Gallagher LLP
787 Seventh Avenue
New York, New York 10019-6099
Attention: Thomas J. Henry, Esq.
AND WHEN RECORDED MAIL TO:
Willkie Farr & Gallagher LLP
787 Seventh Avenue
New York, New York 10019-6099
Attention: Thomas J. Henry, Esq.
SPECIAL WARRANTY DEED
For the consideration of Ten Dollars, and other valuable consideration, ColFin 2015-7
Industrial Owner, LLC, a Delaware limited liability company ("Grantor"), whose legal
address is c/o Colony Capital, Inc., 515 South Flower Street, 44th Floor, Los Angeles,
Los Angeles County, California 90071, does hereby convey to CI PHX I-GW, LLC, a
Delaware limited liability company ("Grantee"), whose legal address is 515 South Flower
Street, 44th Floor, Los Angeles, Los Angeles County, California 90071, the property
described on the attached Exhibit A, situated in the County of Maricopa, State of
Arizona, together with all rights and privileges appurtenant thereto.
SUBJECT TO: Current taxes, assessments, reservations in patents and all easements,
rights of way, encumbrances, liens, covenants, conditions, restrictions, obligations and
liabilities as may appear of record and as set forth on Exhibit B.
And the Grantor hereby binds itself and its successors and assigns to warrant and defend
the title, as against all acts of the Grantor herein and no other, subject to the matters
above set forth.
This transfer:
Is exempt under A.R.S. § 11-1134-B(7)
El Is not exempt.
[Signature Page Follows]

20160689171
Dated this I day of September, 2016.
GRANTOR:
COLFIN 2015-7 INDUSTRIAL OWNER, LLC,
a Delaware limited liability company
[Maricopa County, AZ Deed — Lincoln Commerce Park 2]

20160689171
A notary public or other officer completing this
certificate verifies only the identity of the individual
who signed the document to which this certificate is
attached, and not the truthfulness, accuracy, or
validity of that document.
State of California
County of Los Angeles
On September 1 e1 , 2016 before me, lIcCa‘.I('-e•-) Sk-e'35- 'i , personally appeared Mark M. Hedstrom, who signed
the within instrument in my presence and who proved to m on the basis of satisfactory evidence to be the person
whose name is subscribed to the within instrument, and acknowledged to me that he executed the same in his
authorized capacity, and that by his signature( ) on the instrument the person, or the entity upon behalf of which the
person acted, executed the instrument.
I certify under PENALTY of PERJURY under the laws of the State of California that the foregoing paragraph is true
and correct.
WITNESS my hand and official seal.
Signature
•-I a ADRIAN STUESSY Adrian Stuessy
-. (..9 NOTARY LOS ANGELES PUBLIC - COUNTY CALIFORNIA a.
'.'„ COMMISSION # 1995063 c.-)
i z COMM. EXPIRES OCT. 22, 2016 ..‘
[Maricopa County AZ Deed - Lincoln Commerce Par 2]

20160689171
EXHIBIT A
(LEGAL DESCRIPTION)
PARCEL NO. 1:
LOTS 1 THROUGH 4, INCLUSIVE, LINCOLN COMMERCE PARK PHASE II,
ACCORDING TO BOOK 940 OF MAPS, PAGE 11, RECORDS OF MARICOPA
COUNTY, ARIZONA.
PARCEL NO. 2:
THOSE BENEFICIAL AND APPURTENANT EASEMENTS ON, OVER, UNDER,
ACROSS AND THROUGH THE PROPERTY COMMONLY KNOWN AS "LINCOLN
COMMERCE PARK PHASE I" AND MORE PARTICULARLY DESCRIBED AS
"PARCEL 1" IN THE CERTAIN MASTER DECLARATION OF EASEMENTS,
COVENANTS, CONDITIONS AND RESTRICTIONS FOR LINCOLN COMMERCE
PARK RECORDED ON NOVEMBER 2, 2001 AS DOCUMENT NO. 2001-1029367
(THE "MASTER DECLARATIONS") FOR PEDESTRIAN AND VEHICULAR
ACCESS, INGRESS, EGRESS, SEWER LINES, WATERLINES, STORM WATER
DRAINAGE AND RETENTION AND ENCROACHMENTS PURSUANT TO THE
MASTER DECLARATION, AS AMENDED BY AN AMENDMENT RECORDED
JANUARY 31, 2001 AS DOCUMENT NO. 2002-0103771.
Tax Parcel Numbers: 105-24-003 2, 105-24-004 0, 105-24-005 7 & 105-24-006 4.

20160689171
EXHIBIT B
(PERMITTED ENCUMBRANCES)
1. Taxes for the full year 2016, and subsequent years, not yet due and payable.
2. The liabilities and obligations imposed upon said land by reason of: (a) inclusion
thereof within the boundaries of the Salt River Project Agricultural Improvement
and Power District; (b) membership of the owner thereof in the Salt River Valley
Water Users' Association, an Arizona corporation and (c) the terms of any Water
Right Application made under the reclamation laws of the United States for the
purpose of obtaining water rights for said land. (All assessments due and payable
are paid.)
3. Reservations or Exceptions in Patents, or in Acts authorizing the issuance thereof.
4. The right of the State of Arizona to prohibit, limit and control access to the
limited access highway as set forth in instrument recorded in Docket 2423, page
536. (Affects Lot 1)
5. All matters as set forth in Memorandum of Agreement for Division of Property
including Covenants Running with the Land, by Robert Emory Hurley, Griffin
Robert Hurley, Andrew Robert Hurley, Margaret Louise Hurley Smith, Bradford
Bixby Smith, Sarah Bixby Smith Kibbee, Helen Elaine Hurley Smith, Sheryl
Lynne Smith, Shelley Elaine Smith Young and Trent Hurley Smith, dated March
17, 2000, recorded October 31, 2000 as 2000-0834114 of Official Records, as
affected by deed recorded in 2000-0834170 and Agreement Regarding Effect of
Restrictive Covenant, dated July 3, 2001, recorded September 17, 2001 in 2001-
0852842 of Official Records. (Affects all Lots)
6. Declaration of Covenants, Conditions, Restrictions and Easements, by Lincoln
Commerce Park, LLC, a Delaware limited liability company, dated November 2,
2001, recorded in 2001-1029367 of Official Records; Amendment by Lincoln
Commerce Park, LLC, a Delaware limited liability company, dated January ,
2002, recorded in 2002-0103771 of Official Records; Assignment of Declarant's
Rights by Lincoln Commerce Park, LLC, a Delaware limited liability company
and Phoenix Commerce Park, LP, a Delaware limited partnership, dated
December 6, 2002, recorded in 2002-1315198 of Official Records and by Phoenix
Commerce Park, LP, a Delaware limited partnership and CREF LCP LLC, a
Delaware limited liability company, dated April 16, 2012, recorded in 2012-
0316428 of Official Records and by CREF LCP LLC, a Delaware limited liability
company and Colfin 2015-7 Industrial Owner, LLC, a Delaware limited liability
company, dated December 11, 2015, recorded in 2015-0881719 of Official
Records, but deleting any covenant, condition or restriction indicating a
preference, limitation or discrimination based on race, color, religion, sex,
handicap, familial status or national origin to the extent such covenants,
conditions or restrictions violate 42 USC 3604(c). (Affects all Lots)

20160689171
7. The terms and provisions contained in the document entitled "Billboard Easement
Agreement, by Viacom Outdoor Inc., a Delaware corporation and Lincoln
Commerce Park, LLC, a Delaware limited liability company, dated December 16,
2001, recorded November 16, 2001 as 2001- 1074129 of Official Records, 2001-
1074130 of Official Records and 2001-1074131 of Official Records. The location
of such easement being shown on survey prepared by Deron J. Williams, Arizona
Land Surveyor No. 37599 for Millman National Land Services, Project No.
38665, dated August 27, 2016, last revised September ,2016 (the "Survey").
(Affects Lots 1)
8. An easement by Lincoln Commerce Park II Limited Partnership, a Delaware
limited partnership and City of Phoenix, dated October 13, 2006 for sidewalk and
incidental purposes in the document recorded as 2006-1572347 of Official
Records, and shown on the Survey. (Affects 1, 2 and 4)
9. An easement by Lincoln Commerce Park II Limited Partnership, a Delaware
limited partnership and Arizona Public Service Company, an Arizona corporation,
dated December 4, 2006 for electric lines and appurtenant facilities and incidental
purposes in the document recorded as 2006- 1639068 of Official Records, and
shown on the Survey. (Affects all Lots)
10. All matters as set forth in Covenant and Agreement to Hold Property as One
Parcel by David Krumwiede, dated June 11, 2006, recorded August 01, 2007 as
2007-0872637 of Official Records. (Affects all Lots)
11 Restrictions, dedications, conditions, reservations, easements and other matters
shown on the plat by Lincoln Commerce Park II Limited Partnership, a Delaware
limited partnership, dated March 21, 2007 of Lincoln Commerce Park Phase II, as
recorded in Plat Book 940 of Maps, Page(s) 11, but deleting any covenant,
condition or restriction indicating a preference, limitation or discrimination based
on race, color, religion, sex, handicap, familial status or national origin to the
extent such covenants, conditions or restrictions violate 42 USC 3604(c), the
easements shown thereon being as follows: 8' public utility easement along 11th
avenue and along Watkins Street, as shown on the Survey. (Affects all Lots)
12. Water rights, claims or title to water, whether or not shown by the public records.
13. Survey prepared by Millman Surveying, Inc., certified to by Deron J. Millman,
ALS No. 37599, dated 08/27/2016, under Job No. 38665, shows the following: a.
Protrusion of loading ramp into Electric Easement; b. Rights of third parties to the
following utilities without apparent benefit of easement: cable TX lines, water
Lines, water valves, hydrants, water stand pipes, water meters, telephone pedestal,
electric transformers, sanitary manholes, catch basins and gas meters.

20160689171
14. Any other items recorded in the public records of Maricopa County, Arizona
against the property.