±11.3 acres - loopnet...• consistently ranks in the top 10 counties in the nation for employment...

COLO

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COLO

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GRAND CIR BLVD

GRAND CIR BLVD

GRAND CIR BLVDWESTSIDE WAYWESTSIDE WAYWESTSIDE WAY

MERCHANTS WAY

MERCHANTS WAY

MERCHANTS WAY

PARTNERSHIP WAYPARTNERSHIP WAYPARTNERSHIP WAY

San Remo ApartmentsClass A - 333 Units

Corporate Headquarters2900 Employees

Testing Laboratories565 Employees

Corporate Office610 Employees

UH University Park42.5 Acres out of

125 Acre Development

120 Employees

CASTLE ROCKHome Prices up to $850K

THE ENERGY CORRIDOR · 5.5 MILES~Houston Methodist West Hospital · 5 Miles~Texas Children's Hospital West Campus · 5.5 Miles

NEW CAMPUS · 8.6 MILES~250 employees | ~170,000 SF campus

St. Catherine Hospital

3.5 MILES

289,900 VPD

#12 on Houston ChroniclesTop 100 Restaurants

±11.3 ACRES±11.3 ACRES±11.3 ACRES

±11.3 Acres on Colonial Parkway in Katy, Texas Northwest Quadrant of I-10 & the Grand Parkway • Part of the University Park Development

O F F E R I N G M E M O R A N D U M

Tim [email protected]

David [email protected]

Tom [email protected]

Clark DaltonVice [email protected]

Becky HandSenior [email protected]

Dillon MillsSenior [email protected]

Tripp RichTransaction [email protected]

Kenneth [email protected]

Contacts

Dosch Marshall Real Estate713.955.3120

777 Post Oak Blvd, Suite 255 Houston, TX 77056

www.dmre.com

Exclusive RepresentationDosch Marshall Real Estate (DMRE) has been exclu-sively retained to represent the Seller in the disposition of ±11.3 acres on Colonial Parkway in Katy, Texas (Property). All inquiries about the Property should be directed to DMRE.

About DMREDosch Marshall exists to provide unmatched real estate brokerage services across the U.S. by connect-ing our expansive network, market knowledge, and expertise in land brokerage with innovative processes.

Founded in 2017, but in the Houston market for the past 15 years, our goal is to represent our clients with excellence. In real estate as in other industries experience is key: collectively, DMRE has 40 years of experience. Tim Dosch, David Marshall, and Tom Dosch have all been chosen in recent years for the Houston Heavy Hitters, an award that recognizes those who have traded the largest transactions in Houston for the year.

2±11.3 ACRES ON COLONIAL PKWY

Property Information

2017 Tax Rates

2017 Rate

KATY ISD 1.516600

HARRIS COUNTY 0.418010

HARRIS CO FLOOD CNTRL 0.028310

PORT OF HOUSTON AUTHY 0.012560

HARRIS CO HOSP DIST 0.171100

HARRIS CO EDUC DEPT 0.005195

HC MUD 62 0.575000

HC EMERG SRV DIST 48 0.100000

Total 2.826775

Property Details

LOCATION Colonial Parkway Northwest quadrant of I-10 & the Grand Parkway Katy, Texas 77449

LAT., LONG. 29.793009, -95.770283

TOTAL SIZE ±11.3 Acres

USE Multifamily

DETENTION Offsite

UTILITIES Available

COUNTY Fort Bend

SCHOOLS Katy ISD: Winborn Elementary, Morton Ranch Junior High, Morton Ranch High School

PRICE Price TBD by market

2017 Demographics

0-1 mi 0-3 mile 0-5 miles

EST. POPULATION 2017 7,596 112,179 253,559

5-YR EST. POPULATION GROWTH 5.92% 6.76% 8.64%

AVERAGE HOUSEHOLD INCOME $99,878 $88,386 $113,567

MEDIAN VALUE OF OWNER OCCUPIED HOUSING UNITS $159,900 $155,623 $177,500

Making an OfferOffer InformationOffers should be presented in the form of a non-binding Letter of Intent, and should include:

• Pricing• Due Diligence and Closing Timeframe• Earnest Money Deposit• Description of Debt/Equity Structure• Qualifications to Close• Development Plans

Due Diligence InformationTo access the due diligence information please visit the Property website at: dmre.com/listings/#1388

Additional Property Details

PARCEL ID 1283960010003

OWNER PARKSIDE NEC GRAND PWY / I-10 LTD

ADDRESS COLONIAL PKWY KATY, TX 77449

LEGAL RES A2 BLK 1 WESTSIDE MALL SEC 2

Property highlights• Part of University Center, a 125-acre master-planned,

mixed-use development by University of Houston for their UH-Katy Campus

• Fast access to the Grand Parkway

UH-Katy University Center• NEW: The University of Houston broke

ground on its Katy campus on May 23• Master-planned, deed restricted,

mixed-use destination that will host the colleges, flex-office, multi-family, restaurants, and retail

• UH-Katy is scheduled to open in fall of 2019

• The inaugural building will be an 80,000 square foot facility• The new state-of-the-art academic building will be the start

of a 46-acre educational district


PROPERTY

Survey


PROPERTY

FALCON POINTHome Prices up to $1.19M

SWQ GRAND PKWY & I-10U’Maki Sushi BurritoMo’s Irish PubStars Sports Bar & GrillAki Sushi & Asian FusionOld Chicago Pizza & Taproom



CINCO RANCHHome Prices up to $2.3M

Whiskey Cake Kitchen & Bar

Cinco Ranch at Market Center

CINCO RANCH RETAIL - 1,700 EMPLOYEES · 3.6 MILESLaCenterra at Cinco Ranch

SEC Cinco Ranch & 99

GRAND LAKES MARKETPLACE

35,381 VPD

289,900 VPD

KATY GRAND Retail by NewQuest12 restaurants - 7 specialty retail

Kura Revolving Sushi Bar(coming soon)85°C Bakery Cafe(coming soon)



COLONIAL PKWY

COLONIAL PKWY

COLONIAL PKWY

GRAND CIR BLVD

GRAND CIR BLVD

GRAND CIR BLVD

WESTSIDE WAYWESTSIDE WAYWESTSIDE WAY

Luxe at Katy Apartments






Corporate Office Headquarters2900 Employees



COLONIAL PKWYCOLONIAL PKWYCOLONIAL PKWY

GRAND CIR BLVDGRAND CIR BLVDGRAND CIR BLVD

PARTNERSHIP WAYPARTNERSHIP WAYPARTNERSHIP WAYWESTSIDE WAY

WESTSIDE WAY

WESTSIDE WAY


1.55 MILESGrand Morton Town Center

M O R T O N R A N C HM O R T O N R A N C HM O R T O N R A N C H

Corporate Office

Morton Ranch Elementary SchoolMorton Ranch Junior High SchoolMorton Ranch High School



35,381 VPD



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GRAND CIR BLVD

GRAND CIR BLVD

GRAND CIR BLVD


FALCON POINTHome Prices up to $1.19M K A T YK A T YK A T Y

Technology Center350+ Employees KATY

Home Prices up to $600K




1.4 MILESShoppes at ParkWest

KATY GRAND Retail by NewQuest12 restaurants - 7 specialty retail

Kura Revolving Sushi Bar(coming soon)85°C Bakery Cafe(coming soon)

#12 on Houston ChroniclesTop 100 Restaurants

~Distribution Center~100 Employees

Katy Mills Mall

1,000 Employees0.8 Miles

289,900 VPD35,381 VPD

SWQ GRAND PKWY & I-10U’Maki Sushi BurritoMo’s Irish PubStars Sports Bar & GrillAki Sushi & Asian FusionOld Chicago Pizza & Taproom



5 MILES 7 MILES3 MILES

FM 529

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Katy Mills Mall3,000 Employees1.3-square-mile outlet mall with over 175 stores and a 20-screen AMC Movie Theater

1,000 Employees • 208 beds

Technology Center350+ Employees

Testing Laboratories565 Employees

$220-million, 350,000-square-foot, 48-bed pediatric hospital1,000 employeesWill soon be expanded to 96 beds

$300 million, 192- bed hospital 2,100 employees

94,000+ employeesSecond largest employment center in the region Over 25 million square feet of office space Over 2.9 million square feet of retail

135,000 SF Claims Processing Center 610 Employees

St. Catherine Hospital

Corporate Headquarters1,000+ Employees

Houston ExecutiveAirport

2,900 EmployeesCorporate Headquarters & Distribution Center

Future56-acre, 400,000-SF commercial business park70-acre industrial park

GEORGE BUSH PARK/ELDRIDGE

ADDICKS RESERVOIR

University Center125-acre master-planned mixed-use developmentUH Katy Campus opening fall 2019

KINGSLAND BLVD

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COLONIAL PKWY

COLONIAL PKWY

COLONIAL PKWY

GRAND CIR BLVD

GRAND CIR BLVD

GRAND CIR BLVD


Luxe at Katy Apartments






Corporate Office Headquarters2900 Employees


Drive Times Approximate

• Katy: 5-7 minutes • Energy Corridor: 10 minutes • City Centre, Town & Country: 16-22 minutes • Memorial City: 16-30 minutes • Westchase: 18-35 minutes • Uptown District/Galleria: 24-55 minutes • Downtown Houston: 30-55 minutes • Texas Medical Center: 35-60 minutes • ExxonMobil Headquarters: 35-50 minutes

Traffic Counts• I-10 east of the Grand Parkway: 289,800 VPD• Grand Parkway north of I-10: 35,381 VPD

Fort Bend County• No.1 fastest growing county of the ten largest coun-

ties in Texas• Consistently ranks in the top 10 counties in the nation

for employment growth among the nation’s largest counties (U.S. Bureau of Labor Statistics)

• In 2014, six of the top 30 master-planned communities in the nation were in Fort Bend County

• Fort Bend County was recently ranked by Forbes as the “Best Place To Get Ahead” in the United States

Katy ISD• A TEA “Recognized” school district with 70,000 stu-

dents • Fast-growing district: Katy ISD hires 800+ teachers,

counselors, librarians, nurses, and administrators, paraprofessional, food services, bus drivers, custodial employees and others each year

Highlights Overview

AREA HIGHLIGHTS

MAJOR KATY AREA EMPLOYERS


University Center

University Center is a 125-acre master-planned, mixed-use development by University of Houston for their UH-Katy Campus

UH-Katy University CenterMaster-planned, deed restricted, mixed-use destination that will host the colleges, flex-office, multi-family, restaurants, and retail

• UH is expected to break ground on its new Katy cam-pus in May 2018

• UH closed on the $13.8 million purchase of 46 acres for its new Katy campus in November 2016

• UH-Katy is scheduled to open in fall of 2019• The inaugural building will be an 80,000 square foot

facility• The new state-of-the-art academic building will be the

start of a 46-acre educational district• UHS University Park campus initially is expected to

serve 2,000 students, but the system’s master plan includes 500,000 square feet of space, eventually accommodating 8,000 to 10,000 students

Recent University Center Development

Katy Asian Town• Opening Soon: Houston’s third H Mart grocery

store (100,000+ SF); H-mart is a Korean-focused supermarket, that currently has two other Hous-ton locations

CURRENTLY OPEN

OPENING SOON

20 Restaurants and Cafes

New University of Houston campus to bring tier one education to the Katy areaBy Rebecca Hennes | 9:03 am April 20, 2018 KATY AREA ECONOMIC DEVELOPMENT COUNCIL

Shasta, the University of Houston’s mascot, is coming to Katy.

UH is expected to break ground on its new Katy campus this May, and officials said the campus could potentially help foster and create a skilled workforce in the Katy busi-ness community.

“We want [students]to be able to get their education in Katy and ideally get a good job, develop the beginning of their career and stay in the Katy area,” said Jay Neal, associate vice president for UH Sugar Land and UH Katy.

The UH Katy campus is expected to open by fall 2019 and is located on the northeast corner of I-10 and the Grand Parkway, offering suburban students easy access to a tier one education.

“With Katy and Fulshear growing, it makes sense to bring the university to the community,” Neal said.

Neal said plans for the Katy campus have been in the works for the last four to five years. UH purchased the 46 acres of land and will construct an 80,000-square-foot, three-story building that will anchor the campus. The land was purchased with $46.8 million in capital construction bonds that was approved by the 84th session of the Texas Legislature, according to Neal.

“It sets the precedence for the campus—it will be state-of-the-art,” Neal said of the building.

Neal said the new campus, although it is a direct extension of the UH main campus, will have its own feel to it that complements Katy. Future students can expect to see softer, more neutral colors compared to the main campus, several common areas and a greenspace for students.

“It’s not going to have that old-school feel to it, but it’s going to have that community gathering space,” Neal said. “In terms of enrollment numbers, we are looking to grow that campus probably close to 8,000 students.”

Excerpt. For full article please visit: www.communityimpact.com/houston/katy/development-construc-tion/2018/04/20/new-university-of-houston-campus-to-bring-tier-one-education-to-the-katy-area/

AREA HIGHLIGHTS


AREA HIGHLIGHTS

Master-planned business district, home to several of the largest international energy companies in the world as well as 300 multi-national, national and local companies

• 6 miles from the Property

• Educated workforce comprised of more than 94,000 employees

• Second largest employment center in the region

• Over 25 million square feet of office space (of which 79% is Class A)

• Over 2.9 million square feet of retail

• By 2030, office/mixed-use space is expected to reach 45.2 million square feet

• Hosts 27 hotels providing a total of 3,878 hotel rooms

• Over 60 restaurants of all varieties

• Over 26,000 acres of natural space and 50 miles of bike trails and running trails

• Contains the headquarters locations and regional offices of prominent international energy and energy services firms includ-ing BP America, Shell Exploration and Production, ConocoPhillips, CITGO, Dow Chemical, PGS, and Mustang/Wood Group

• Other, non-energy, companies also have a major presence in the corridor including Cardinal Health Care Inc., Sysco Corpora-tion, Gulf States Toyota, and Star Furniture

Top Employers

Employer # Employees

Wood Group 10,960

BP America, Inc. 9,537

Technip USA Inc. 4,300

ConocoPhillips 3,000

Shell Oil Company, Woodcreek 3,000

Methodist West Houston Hospital 2,100

Mariner Post-Acute Network 2,000

The Friedkin Group 2,000

Sysco Corporation 1,800

CITGO Petroleum Corporation 1,367

Dow Chemical 1,330

Foster Wheeler USA Corporation 1,000

Texas Children’s Hospital West 1,000

WOOD GROUP HQ

WESTLAKE OFFICE TOWER - BP

Local Employers • Schlumberger (0.5 mile) employs over 350 people at their

Technology Center at I-10 and the Grand Parkway• Memorial Hermann Katy Hospital (<1 mile) employs 1,000

at their 208-bed hospital west of I-10 and the Grand Parkway• DNV-GL (0.5 mile) employs 565 people at their testing labora-

tories east of the intersection of I-10 and the Grand Parkway. • Academy Sports & Outdoors (1 mile) employs 2,900 people

at their corporate headquarters and distribution center• Geico’s 135,000-SF claims processing center (1.5 miles)

employs 610 people• Igloo (6 miles) employs over 1,000 at their headquarters

south of I-10. They hired an additional 250 full time workers in the Katy plant in 2014 to support continued growth

West Houston Medical Center (4.5 miles) Texas Children’s Hospital West Campus

• $220-million, 350,000-square-foot, 48 bed pediatric hospital• 1,000 employees• Will soon be expanded to 96 beds

The Methodist West Houston Hospital• $300 million, 192- bed hospital • 2,100 employees

The University of Texas M.D. Anderson Hospital • Owns 35 acres located in the Central Park development, on the north

side of Interstate 10 between Eldridge and SH 6• Construction of a 175,000-SF cancer center is currently underway and

is expected to be open in 2018

Upcoming Development: Amazon.com plans to open a 1-million-SF fulfillment center in Katy, creating up to 1,000 new, full-time jobs

West Houston Employment Highlights


Katy Entertainment

La Centerra at Cinco Ranch (3.5 miles)• Employs over 1,700 people

• 34-acre mixed-use town center located at the intersection of Cinco Ranch Boulevard and Grand Park-way; Phases I and II are comprised of approximately 170,000 SF of retail space and 125,000 SF of office space

• Upscale, main-street style town center development featuring national names and unique boutiques, choice dining options, Class A office space and luxury living

• In 2015 Trader Joe’s opened a new, 12,500 SF store in La Centerra Phase III; Phase III consists of an additional 37,000 SF of retail, 36,000 SF of

office, and a parking garage

Katy Boardwalk (2.5 miles)• Currently under development• Mixed-use project including a board-

walk, nature trails, two loft-living apartment complexes, retail stores, hotel conference center, and restau-rants

• 650 loft residences, 145,000 square feet of mixed-use commercial space and approximately 60,000 square feet of retail space

Typhoon Texas (2.5 miles)• Popular waterpark with water slides, a

lazy river for tubing, and eateries

The Katy area is one of Greater Houston’s prime suburban areas based on its excellent school district, award-winning residential neighborhoods and access to major employers along the Energy Corridor and in West Houston.

Katy Mills Mall (2.5 miles)• Employees over 3,000 people• 1.3-square-mile outlet mall with over 175 stores and a 20-screen AMC Movie Theatre

Major Katy Retail

I-10 & Grand Parkway (adjacent)• NEC: HMart, JCPenney, Red Robin,

Cinemark, La Madeleine• SWQ: Costco, Main Event Entertainment,

Academy Sports, Mo’s Irish Pub

Grand Morton Town Center (.5 miles )

• 85-acre development at Morton Rd and the Grand Parkway

• Kroger, Walmart, Regions Bank, UPS Store, GNC, Mattress One, SportClips, Supercuts, Chase Bank, Chick-fil-A, Sprint, Subway, T-Mobile, and more

I-10 & Katy Ft Bend Rd (2 miles)• Walmart Supercenter, Toys”R”Us, Main

Event Entertainment, Spec’s Wines, Spirits, and Finer Foods, Guitar Center, BreWingZ Restaurant and Bar, Boot Barn, Dollar Tree

• Best Western Plus, Comfort Suites, SpringHill Suites by Marriott

Kingsland Blvd & Pin Oak Rd (3 miles)

• Kroger, Chase Bank, 24 Hour Fitness, Smashburger, Bank of America Financial Center, Panera Bread, Alicia’s Mexican Grille, TGI Fridays, Los Cucos Mexican Restaurant, Fuddruckers

• Residence Inn by Marriott, Homewood Suites by Hilton, Courtyard by Marriott

LA CENTERRA TYPHOON TEXAS

KATY BOARDWALK

Katy Area Highlights


AREA HIGHLIGHTS

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a p

arty

spe

cifica

lly i

nstru

cts

the

brok

er i

n w

ritin

g no

t to

disc

lose

unl

ess

auth

orize

d in

w

ritin

g to

disc

lose

the

info

rmat

ion

or re

quire

d to

do

so b

y

The

Texa

s Re

al E

stat

e Lice

nse

Act

or a

cou

rt or

der

or if

th

e in

form

atio

n m

ater

ially

rel

ates

to

the

cond

ition

of t

he

prop

erty

.

With

th

e pa

rtie

s’

cons

ent,

a br

oker

ac

ting

as

an

inte

rmed

iary

bet

wee

n th

e pa

rtie

s m

ay a

ppoi

nt a

per

son

who

is

licen

sed

unde

r Th

e Te

xas

Real

Est

ate

Lice

nse

Act

and

asso

ciat

ed w

ith t

he b

roke

r to

com

mun

icat

e w

ith

and

carr

y ou

t in

stru

ctio

ns

of

one

part

y an

d an

othe

r pe

rson

who

is

licen

sed

unde

r th

at A

ct a

nd

asso

ciat

ed w

ith t

he b

roke

r to

com

mun

icat

e w

ith a

nd

carr

y ou

t ins

truc

tions

of t

he o

ther

par

ty.

If y

ou c

hoos

e to

hav

e a

brok

er r

epre

sent

you

, yo

u sh

ould

ent

er i

nto

a w

ritte

n ag

reem

ent

with

the

br

oker

tha

t clea

rly e

stab

lishe

s th

e br

oker

’s o

blig

atio

ns

and

your

obl

igat

ions

. T

he

agre

emen

t sh

ould

sta

te

how

and

by

who

m t

he b

roke

r w

ill b

e p

aid.

You

hav

e th

e rig

ht t

o ch

oose

the

typ

e of

rep

rese

ntat

ion,

if a

ny,

you

wish

to rec

eive

. You

r pa

ymen

t of a

fee

to a

bro

ker

does

no

t ne

cess

arily

es

tabl

ish

that

th

e br

oker

re

pres

ents

you

. If y

ou h

ave

any

ques

tions

reg

ardi

ng

the

dutie

s an

d re

spon

sibi

litie

s of

th

e br

oker

, yo

u sh

ould

res

olve

thos

e qu

estio

ns b

efor

e pr

ocee

ding

.

Buy

er,

Sel

ler,

Lan

dlor

d or

Ten

ant

D

ate

Texa

s Re

al E

stat

e Br

oker

s an

d Sa

lesp

erso

ns a

re li

cens

ed a

nd r

egul

ated

by

the

Texa

s Re

al E

stat

e Co

mm

issi

on (

TREC

). I

f you

hav

e a

ques

tion

or c

ompl

aint

re

gard

ing

a re

al e

stat

e lic

ense

e, y

ou s

houl

d co

ntac

t TRE

C at

P.O

. Box

121

88, A

ustin

, Tex

as 7

8711

-218

8 ,

512-

936-

3000

(ht

tp:/

/ww

w.t

rec.

texa

s.go

v)

T

REC

No.

OP-

K

13

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