MEMORIAL PARK RIVER OAKS UPTOWN PARK FREEWAY WEST LOOP FOUR OAKS PLACE ASTORIA CONDOS BELFIORE CONDOS FOUR LEAF TOWERS BHP BILLITON HQ FRESH MARKET WESTBRIAR LANE 1.6 ACRE DEVELOPMENT SITE STREET FELIPE SAN POST OAK BOULEVARD WHOLE FOODS BLVD PLACE HANOVER POST OAK APACHE HQ` BLVD PLACE PHASE I Post Oak Blvd & San Felipe St AN EXTRAORDINARY DEVELOPMENT OPPORTUNITY
HFF is pleased to offer qualified investors an exceptional opportunity to develop ±68,500 square feet (the Property ) located at the NWC of Post Oak Boulevard and San Felipe Street, one of the most strategic intersections in Houston. Currently occupied by a single-story retail center, the site is between BHP Billiton s new corporate headquarters and the under construction BLVD Place featuring a Whole Foods Market along with Apache s future world headquarters. The site offers developers a rare opportunity to build Houston s next iconic high-rise ideal for residential, hospitality, and office uses. INVESTMENT HIGHLIGHTS PROPERTY Prominently located at the premier intersection in Houston. George Bush Ideally sized for a variety of product types including Park hotel, residential, office, and mixed-use. Unobstructed views of the Galleria, Memorial Park, and the CBD. Energy Corridor Westchase Strategic development site within the most dynamic submarket of a world class city. Site is not subject to zoning, use, or density restrictions. LOCATION Adjacent to the under construction BLVD Place, an upscale mixed-use development featuring 205,000 SF of retail, which will include Whole Foods and multiple upscale boutique shops, and Galleria SUBJECT PROPERTY Texas Medical Center Downtown 1 a 750,000 SF 33-story office building to-be-built as Apache s new office tower. FORT BEND COUNTY Located just south of BHP Billiton s future headquarters featuring a 600,000 square foot 30-story office tower. Located in the city s prestigious 500-acre Galleria/Uptown District, Houston s most dynamic Bend William P. Hobby Airport live-work-play destination featuring 25 million SF of office, 5 million SF of retail, 7,000 hotel rooms, and a daytime population of 200,000. Future access to the Uptown Bus Rapid Transit (BRT) system, a $61 million mobility project slated to commence construction in 2014. The project will widen Post Oak Blvd. and add two center lanes for bus transit. Close proximity to some of Houston s most prestigious condominiums, hotels, and retail developments. Smithers Surrounded by some of the most recognized and affluent Lake neighborhoods in Houston including River Oaks, Tanglewood, Memorial, Bellaire, and West University Place. Highly walkable to nearby offices, retailers, and dining venues and in close proximity to the 1,500 acre Memorial Park, one of the nation s largest urban parks. BRAZORIA COUNTY
THE DEVELOPMENT NEW DEMAND DRIVERS The Galleria/Uptown District is Houston s most active development market with $1 billion in new commercial activity planned and under way for the next five years. These developments include: Astoria, Randall Davis newest high-rise residential condo featuring 74 unique luxury residences spanning 28 stories is located due northeast of the Property. Redstone Companies recently completed a 22-story office tower with Stream Realty at 2200 Post Oak Blvd. BBVA Compass is moving 800 of its employees into this office tower. BLVD Place has begun construction on Phase II, which will be anchored by a 48,500 square foot Whole Foods Market and Frost Bank s 53,000 square foot regional headquarters. BHP Billiton is developing a 30-story 600,000 square foot office tower that will serve as the company s corporate headquarters and will house an estimated 3,000 employees at the site on Post Oak Blvd., only a short walk from the Property. Hanover Companies is building a 29-story high-rise residential tower that is expected to deliver 355 luxurious for-rent units to the Galleria/Uptown market. Apache Corp. has announced a plan to move its headquarters campus to a 750,000 square foot 33-story office tower with plans for a second building to the BLVD Place area. AmREIT has announced that they have reached an agreement with a developer to build a luxury residential tower in the Uptown Park shopping center. The 400,000 square foot tower is scheduled to open in 2016. 24/7 LIVE, WORK, PLAY The Galleria/Uptown District is Houston s most dynamic, urban mixed-use, pedestrian-friendly environment densely populated with Class A office space, luxury retail, and affluent residences. It is Houston s third largest employment center and the 15th largest business district in the US with more than 23 million SF of office space, 2,000 multi-national companies, and 80,000 employees. There is more than five million square feet of upscale retail in the district, which is the largest concentration in the city. As the premier dining and entertainment area of Houston, it is home to over 100 restaurants, including four of the seven AAA ranked 4 Diamond Restaurants in the city. HIGHLY WALKABLE The Property is located in one of the most walkable areas in all of Houston. Food and groceries can be purchased from the nearly completed Whole Foods Market which is located ajacent to the Property. Other errands can be accomplished on foot as first class retail and entertainment venues can be found within the Galleria/Uptown District, as well as exquisite dining options. In addition, it is a quick connection to Memorial Park and a close walk to and from major employers and office towers. EXCITING TRANSPORTATION INFRASTRUCTURE Backed by federal grant money, Post Oak Boulevard will undergo a $61 million project to widen and reconstruct the road with two dedicated bus lanes in the center while preserving six main lanes. The new Bus Rapid Transit (BRT) system will help alleviate traffic congestion as well as offer pedestrians quick access from one end of the district to the other. The project, which is slated for construction in 2014, will connect METRO s Northwest Transit Center and the proposed Westpark Transit Center. VISIBILITY The Property is well positioned with excellent access throughout the Galleria/Uptown District. It also possesses unparalleled visibility from the south along Post Oak Boulevard. Located at the intersection of Post Oak Blvd. and San Felipe St., the Property is in the perfect position to provide easy access and excellent visibility. 2
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TOP GLOBAL CITIES 1) London (#2 last year) 2) New York (#1 last year) 3) San Francisco (#3 last year) 4) HOUSTON (#5 LAST YEAR) 5) Los Angeles (#14 last year) Source: Association of Foreign Investors in Real Estate. TRAFFIC COUNTS Post Oak Blvd. 29,170 VPD San Felipe St. 37,570 VPD Demographics 1-Mile 3-Mile 5-Mile Population 15,601 164,507 467,845 Daytime Population 70,512 210,911 463,690 Households 9,120 80,033 211,418 Average HH Income $156,429 $121,865 $107,050 4
TO RECEIVE A DETAILED OFFERING MEMORANDUM AND ACCESS TO THE CONFIDENTIAL ONLINE DOCUMENT CENTER, PLEASE SIGN THE CONFIDENTIALITY AGREEMENT OR CONTACT ONE OF THE FOLLOWING: INVESTMENT SALES TEAM DAVIS ADAMS Managing Director Phone (713) 852-3558 dadams@hfflp.com TODD MARIX Senior Managing Director Phone (713) 852-3457 tmarix@hfflp.com JOHN BOURRET Managing Director Phone (469) 232-1962 jbourret@hfflp.com MARK BRAMLETT Real Estate Analyst Phone (713) 852-3469 mbramlett@hfflp.com FOR CAPITAL MARKETS INQUIRIES SCOTT GALLOWAY Executive Managing Director Phone (713) 852-3560 sgalloway@hfflp.com HFF 9 Greenway Plaza Suite 700 Houston Texas 77046 Phone (713) 852-3500 Fax (713) 852-3490 www.hfflp.com 2014 HFF (NYSE: HF) operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF offers clients a fully integrated national capital markets platform including debt placement, investment sales, structured finance, private equity, note sales and note sale advisory services and commercial loan servicing. HFF has been engaged by the owner of the property [properties] to market it [them] for sale. Information concerning the property [properties] described herein has been obtained from sources other than HFF and we make no representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all references to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a buyer. Buyers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change.