16.33 A At B 8 F

WILLOW PARKAPARTMENTSWILLOW PARKAPARTMENTS

FLORAL GARDENSSENIOR APARTMENTS


PARK 8 NINETYPARK 8 NINETY

BELTWAY CROSSING BUSINESS PARKBELTWAY CROSSING BUSINESS PARKGATEWAY SOUTHWEST

BUSINESS PARKGATEWAY SOUTHWEST

BUSINESS PARK

KELLER LOGISTICSKELLER LOGISTICS

FONDREN METROFONDREN METROBUFFALO RUN PARKBUFFALO RUN PARKSOUTH MAINESTATES PARKSOUTH MAINESTATES PARK

±12.97 ACRES±12.97 ACRES

±3.36ACRES±3.36

ACRES

HIGHWAY 90HIGHWAY 90


FONDREN ROAD

FONDREN ROAD

±16.33 Acres At BeltwAy 8 And Fondren roAdH o u s t o n , T e x a s

Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp., a Texas licensed real estate broker (“HFF”).

+16.33 Acres | Houston, TX2

HFF, on behalf of the Owner, is pleased to offer an exceptional opportunity to acquire ±16.33 acres at the heavily trafficked intersection of Fondren Road and Beltway 8. The Property consists of two separate parcels: ±12.97 acres and ±3.36 acres available in all or part. Located along Beltway 8 and in-between Highway 90 and the Fort Bend Toll Road, the Property offers excellent connectivity throughout Houston. The Property is one of the few remaining undeveloped sites on the southwestern portion of Beltway 8 offering investors a unique opportunity for development at one of Beltway 8’s major intersections.

INVESTMENT HIGHLIGHTS• �Located�at�the�intersection�of�Fondren�and�Beltway�8�(Sam�Houston�Tollway),�a�heavily�

trafficked�intersection�that�sees�over�100,000�cars�per�day.

• �Significant�frontage�on�a�major�thoroughfare,�unmatched�by�any�available�land�parcels�in�the�southwest�portion�of�Beltway�8.

• �Lack�of�development�sites�in�the�immediate�area�due�to�existing�land�uses,�park�land,�and�flood�control�measures.

• Well�positioned�for�a�variety�of�uses�including�office,�retail,�multi-family,�industrial,�or�hospitality.

• �Significant� growth� in� the� surrounding� area,� with� multiple� development� projects�ongoing�including:�Beltway�Crossing�Business�Park,�Park�8�Ninety,�Gateway�Southwest�Business�Park,�and�the�neighboring�Floral�Gardens�Senior�Apartments.

• Not�in�the�floodplain.

• Property� is� located� in� the�city� limits�of�Houston.�Utilities�are�available� from�the�City�and�there�is�no�zoning�or�restrictions.

• �Located�in�the�city�of�Houston�with�accelerating�employment�growth�featuring�14,800�jobs�in�2016�and�forecasts�of�29,700�in�2017,�and�75,000�in�2018.�Additionally,�between�July�2015�and�July�2016,�Houston�added�125,005�new�residents,�ranking�it�#2�among�U.S.�metros�during�that�time.

PROPERTY OVERVIEW

PROPERTY SIZE

Total ±16.33 Acres

Tract�1 ±12.97�Acres

Tract�2 ±3.36�Acres

FRONTAGE

Tract�1 ±1,382�Feet�-�Beltway�8 ±726�Feet�-�Parkway�Manor ±132�Feet�-�Fondren

Tract�2 ±770�Feet�-�Beltway�8 ±205�Feet�-�Parkway�Manor

TAX RATE

2016�Total 2.63% LakeHouston

San Jacinto

Bay

SheldonReservoir

GalvestonBay

BayportTerminal

Barbour’s CutTerminal

SmithersLake

ClearLake

George BushPark

LakeHouston

State Park

ArmandBayouPark

WilliamP. HobbyAirport

George BushIntercontinentalAirport

HARRISCOUNTY

LIBERTYCOUNTY

FORT BENDCOUNTY

MONTGOMERYCOUNTY

BRAZORIACOUNTY

GALVESTONCOUNTY

69

69

69

Westpark Tollway

Katy Frwy

Southwest F

rwy

Northwest Frwy

North Frwy

Hardy Toll R

oad

East

ex F

rwy

NorthLoop

LoopSouth

Wes

t Loo

p

East

Loo

p

Sam Houston Tollway

Sam Houston Pkwy

ExxonMobilCorporate Headquarters

Pasadena Frwy

Baytown East Frwy

Sout

h Fr

wy

Fort

Pkwy

Gulf Frwy

Proposed

GrandPkwy

Proposed Grand Pkwy

Westheimer Rd

Beaumont Hwy

Ben

d

Grand Pkwy

±16.33 ACRES

SOUTH MAINESTATES PARKSOUTH MAINESTATES PARK

METROPARK & RIDE

METROPARK & RIDE

BUTLER SPORTSCOMPLEX


HIGHW

AY 90

HIGHW

AY 90



BELTWAY SOUTHWESTBUSINESS PARK

BELTWAY SOUTHWESTBUSINESS PARK

FLOOD CONTROLFLOOD CONTROL

WES

T OREM

DRIV

E

WES

T OREM

DRIV

E

FONDREN ROADFONDREN ROAD

KELLER LOGISTICSKELLER LOGISTICS

HILLCROFTHILLCROFT

±12.97ACRES±12.97ACRES

±3.36 ACRES±3.36

ACRES

HOME DEPOTHOME DEPOT

FORT BEND TOLL ROADFORT BEND TOLL ROAD

FORT BEND TOLL ROADFORT BEND TOLL ROAD




KELLERLOGISTICS

KELLERLOGISTICS METRO

PARK & RIDEMETRO

PARK & RIDE



SOUTH MAINESTATES PARKSOUTH MAINESTATES PARK


HILLCROFT AVENUE

HILLCROFT AVENUE

WILLOW PARKAPARTMENTSWILLOW PARKAPARTMENTS

WEST OREM DRIVE

WEST OREM DRIVE

GALLERIAGALLERIACBDCBD

±12.97 ACRES±12.97 ACRES±3.36 ACRES±3.36 ACRES

FONDREN RO

AD

FONDREN RO

AD

+16.33 Acres | Houston, TX 5

AREA HIGHLIGHTSThe� Property� has� significant� frontage� on� Sam� Houston� Tollway� (Beltway� 8).� Sam�Houston� Tollway,� an� 83-mile� beltway,� encircles� the� city� of� Houston.� The� beltway�connects�travelers�to�all�major�thoroughfares�running�in�and�out�of�Houston�including�Highway�90,� the� Fort�Bend�Parkway�Toll� Road,� I-10,� I-45,�Westpark�Tollway,�US�290�and�I-69/US-59.�Specifically,� the�Property� is� located�on�Beltway�8,�halfway�between�Highway�90�and�the�Fort�Bend�Parkway�Toll�Road,�two�of�Houston’s�major�southwestern�commuter�roads.�Highway�90�provides�access�from�Sugar�Land�on�the�southwestern�side�to�the�south�I-610�Loop.�The�Fort�Bend�Parkway�Toll�Road�connects�Sienna�on�the�southern�side�to�Highway�90�just�north�of�the�Property.

Limited Development OpportunitiesDevelopment�opportunities�are�limited�along�the�southwest�stretch�of�Beltway�8.�The�vast�majority�of�sites�with�frontage�on�Beltway�8�have�been�developed�or�are�in�the�process�of�development,�largely�due�to�the�access�the�Beltway�provides�to�the�rest�of�Houston.�Sites�that�have�not�been�developed�are�generally�slated�for�future�industrial�and�office�development�or�are�being�used�for�flood�prevention.

Surrounding� areas� without� Beltway� frontage� also� present� limited� development�opportunities�as�nearly�all�empty� land� is�being�used� for� flood�water� retention�or�as�park�land�owned�by�the�government.

Growth in the City of HoustonDespite�the�decline�in�oil�prices,�Houston�has�remained�a�rapidly�growing�city�from�an�employment�perspective,�a�population�perspective�and�a�development�perspective.�Between�July�2015�and�July�2016,�Houston�added�over�125,000�new�residents�while�also�adding�nearly�19,000�jobs�in�2016.�To�accommodate�this�population�growth,�the�city�has�seen�significant�development�in�the�office�space,�5,694,368�square�feet�over�the�past�12�months,�the�industrial�space,�14,023,494�square�feet,�and�retail,�5,187,290�square�feet.�

The� area� around� the� intersection� of� Fondren� and� Beltway� 8� is� seeing� similarly�impressive�growth.�Between�2010�and�2017,�the�population�grew�by�nearly�18�percent�and�is�expected�to�grow�by�another�11�percent�by�2022.�


HOUSTON ECONOMIC OVERVIEW

Resilient Houston Economy

• Record�number�of�single�family�home�sales�in�2016,�increasing�3%�year-over-year�which�included�a�4.3%�increase�in�average�price.

• Accelerated�population�growth�with�Houston�projected�to�add�an�additional�1.1�million�residents�by�2030,�second�only�to�New�York.

• During�years�2010�to�2015,�Houston�added�approximately�730,000�new�residents�–�more�than�any�other�city�–�and�has�added�an�average�of�120,000�new�residents�per�year�over�the�last�20�years.

+16.33 Acres | Houston, TX 7

CURRENT HOUSTON RANKING AND FACTS

• �±$10�billion�hospital�and�medical�facilities�planned/under�construction�in�the�Texas�Medical�Center

• �$100� billion� petrochemical� projects� recently� completed�or�underway

• Most� favorable� metro� for� Science,� Technology,�Engineering,�and�Mathematics�works�(STEM)

• ��52� Fortune� 1000� firms� headquartered� in� Houston� (#3�nationally)

• More� than� 1,500� significant� corporate� relocations/expansions�since�2009

H O U S T O N B U S I N E S S F U N D A M E N T A L S

• Since� 1980,� the� city� has� never� seen� more� than� two�consecutive�years�of�negative�net�absorption.�

• �Houston� office� sublease� space� as� a� percent� of� total�inventory� declined� for� the� first� time� since� the� third�quarter�of�2014.�

• �The� construction� cycle�will�wind� to� an� abrupt�halt� after�2018;�there�are�currently�over�3.6�million�square�feet�of�new�office�buildings�under�construction�with�no�expected�deliveries�past�2018,�and�this�figure�is�down�from�a�peak�of�18.5�million�square�feet�in�the�second�quarter�of�2014.

• �Of� the� 3.6� million� square� feet� of� office� space� under�construction� as� of� Q42016,� more� than� 50%� is� pre-leased,�driven�primarily�by�large�built-to-suit�projects�for�Amegy�Bank,�CEMEX,�Lockton,�Landry’s�Restaurants�and�Insperity.

H O U S T O N O F F I C E F U N D A M E N T A L SI N R A N K I N G S

• #1�GDP�Growth

•��#1�Job�Growth

•��#1�Population�Additions

•��#1�GDP�per�capita�(globally)

•��#1�Largest�medical�complex�(globally)

•��#1�Port�for�import/export�waterborne�tonnage�(U.S.)

1stLast 15 Years (All Major U.S. Metros)

W H A T A B O U T O I L ?

"What's happening right now [with the positive upward momentum in the price of oil] goes beyond OPEC, and it has

everything to do with the lack of investment in the oil and gas industry over the last three to four years"

- John Goff - Co-founded Crescent Real Estate Equities

The�average�price�of�oil�over�the�last�15�years� is�$60�per�barrel.�Several�oil�and�gas�prognosticators�predict�the�price�per�barrel�of�oil�to�average�$55�-�$60�over�the�year�on�the�back�of�supply�and�demand�fundamentals�coming�into�balance�by�mid-year.�Here’s�why:

1)��Demand:�Global�demand�forecast�to�increase�by�1.0�–�1.5�million�barrels�per�day�

2)��Supply:�OPEC�announced�an�agreement�in�November�to�cut�production�by�1.7�million�barrels

3)��Capex:�Global� capital� expenditures�have�been�cut�30%�across� the�board�and�are� forecast� to�be�$1.0� trillion�short�of�the�amount�needed�for�supply�to�keep�pace�with�demand�over�the�next�five�years $45.00

$50.00

$55.00

$60.00

$65.00

$70.00

$75.00

$80.00

0 1 2 3 4

Price

Per

Bar

rel

2017 Quarter

Jan. 2017$52.00 Barrel

P r i c e o f O i l F o r e c a s t - 2 0 1 7Investment Banks and Global Agencies are Predicting Oil to Average $55 - $60 per Barrel

Raymond James

Standard Chartered

Citigroup

B of A

JP Morgan

Goldman Sachs

EIA

World Bank

Saudi Arabia

AVERAGE PRICE

P R I C E O F O I L F O R E C A S T - 2 0 1 7


The�Houston�MSA�covers�nearly�10,000�square�miles�and,�in�2015,�passed�the�three�million�job�mark�for�the�first� time.� It� is�a�global�gateway�city,�boasting�a�history�of� impressive�GDP,�population,�and�employment�growth.� Its�citizens’�storied�history�of�philanthropy�has� led�to�the�creation�of,�among�other�things,�the�largest�medical�center�in�the�world�and�an�internationally�renowned�arts�hub.��

Resilient Houston Economy

• ��Ranks�first�in�job�creation�among�MSAs�over�the�past�15�years.

• Fifth-largest� MSA� in� the� US� with� a� population� of� 6.62� million� and� fourth-largest� city� with� a�population�of�2.2�million.

• GDP�of�$503.3�billion,�ranking�fourth�in�the�US.

• More�than�1,500�significant�corporate�relocations�or�expansions�since�2009�(Significant�defined�as�creating�more�than�50�jobs,�leasing�20,000�square�feet�and/or�investing�more�than�$1.0�million)

• There�are�26�Fortune�500�and�57�Fortune�1000�companies�headquartered�in�Houston�ranking�it�third�in�the�nation.�Many�of�these�companies�are�tied�to�oil�and�gas,�but�also�touch�several�other�

industries,�including�banking,�real�estate,�human�resources,�construction,�food�distribution,�waste�management,�utilities,�telecom,�retail,�tech�and�much�more.

• Ranks�second�in�the�nation�in�number�of�theater�seats�and�there�are�over�500�art�institutions�and�20�museums�present�in�the�city.�

• With�50�million�square�feet,�the�Texas�Medical�Center�is�the�largest�medical�center�in�the�country�and�is�projected�to�grow�by�almost�10�million�square�feet�over�the�next�ten�years.�

• ��Impressive�infrastructure�with�the�Port�of�Houston,�Houston�Airport�System,�and�Rail�Network.

• �Port�of�Houston�ranks�first�in�the�U.S.�in�Import�and�Foreign�Tonnage�and�is�the�busiest�container�port�along�the�U.S.�Gulf�Coast.�The�Port�is�currently�investing�more�than�$1�billion�to�modernize�in�line�with�the�recent�Panama�Canal�expansion.

• The�Houston�Airport�System,�with�two�international�airports,�is�the�fourth-largest�airport�system�in�the�United�States�and�sixth-largest�in�the�world.�

• Ten�major�rail�companies�connect�the�Port�of�Houston�to�the�largest�markets�in�the�continental�US,�Canada,�and�Mexico.

DAVIS ADAMSManaging Director

(713) 852-3558

[email protected]

Exclusive Marketing Advisors

HFF has been engaged by the owner of the property to market it for sale. Information concerning the property described herein has been obtained from sourc-

es other than HFF, and neither Owner nor HFF, nor their respective equity holders, officers, employees and agents makes any representations or warranties,

express or implied, as to the accuracy or completeness of such information. Any and all reference 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 purpos-

es and may be based on assumptions or due diligence criteria different from that used by a purchaser, and HFF, its partners, officers, employees and agents

disclaim any liability that may be based upon or related to the information contained herein. Prospective purchasers should conduct their own independent

investigation and rely on those results. The information contained herein is subject to change.

Atlanta | Austin | Boston | Carolinas | Chicago | Denver | Dallas | Houston | Indianapolis | Los Angeles | Miami | New Jersey | New York

Orange County | Orlando | Philadelphia | Phoenix | Pittsburgh | Portland | San Diego | San Francisco | Tampa | Washington, D.C. | London

9 Greenway PlazaSuite 700Houston, TX 77046www.hfflp.com

±16.33 Acres At BeltwAy 8 And Fondren roAdH o u s t o n , T e x a s

CONNOR PHILLIPSReal�Estate�Analyst

(713) 852-3533

[email protected]

16.33 A At B 8 F

Documents

Transcript of 16.33 A At B 8 F