±320 acres northwest of katy...dillon mills associate [email protected] o 713-955-3123 m...

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FM 529 LONGENBAUGH RD FM 2855 10 MORTON RD GRAND PKWY CLAY RD KINGSLAND BLVD PIN OAK RD FM 1463 PITTS RD KATY HOCKLEY RD FRY RD BARKER CYPRESS RD KATY COPPERFIELD PLACE Katy Mills Mall 3,000 Employees 1.3-square-mile outlet mall with over 175 stores and a 20-screen AMC Movie Theater 1,000 Employees 208 beds Technology Center 350+ Employees Testing Laboratories 565 Employees $220-million, 350,000-square-foot, 48-bed pediatric hospital 1,000 employees Will soon be expanded to 96 beds $300 million, 192- bed hospital 2,100 employees 94,000+ employees Second 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 Corporate Headquarters 1,000+ Employees Houston Executive Airport 2,900 Employees Corporate Headquarters & Distribution Center Grand Morton Town Center 85-Acre Development Future 56-acre, 400,000-SF commercial business park 70-acre industrial park GEORGE BUSH PARK/ELDRIDGE ADDICKS RESERVOIR University Center 125-acre master-planned mixed-use development UH Katy Campus opening fall 2019 ±320 AC ±320 ACRES NORTHWEST OF KATY FM529 & Longenbaugh Rd, West Houston, Texas OFFERING MEMORANDUM

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Page 1: ±320 ACRES NORTHWEST OF KATY...Dillon Mills Associate dillon.mills@dmreland.com O 713-955-3123 M 713-254-3824 Tripp Rich Analyst tripp.rich@dmreland.com O 713-955-3124 M 936-635-6968

FM 529

LONGENBAUGH RDFM

285

5

10

MORTON RD

GRA

ND

PKW

Y

CLAY RD

KINGSLAND BLVD

PIN OAK RDFM

146

3PI

TTS

RD

KATY

HO

CKLE

Y RD

FRY

RD

BARK

ER C

YPRE

SS R

D

KATY

COPPERFIELDPLACE

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

Corporate Headquarters1,000+ Employees

Houston ExecutiveAirport

2,900 EmployeesCorporate Headquarters & Distribution Center

Grand Morton Town Center85-Acre Development

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

±320 AC

±320 ACRES NORTHWEST OF KATY FM529 & Longenbaugh Rd, West Houston, Texas

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

Page 2: ±320 ACRES NORTHWEST OF KATY...Dillon Mills Associate dillon.mills@dmreland.com O 713-955-3123 M 713-254-3824 Tripp Rich Analyst tripp.rich@dmreland.com O 713-955-3124 M 936-635-6968

www.dmreland.com

Tim [email protected] 713-955-3127M 713-459-8123

David [email protected] 713-955-3126M 713-206-1574

Tom [email protected] 713-955-3125M 713-557-4455

Clark [email protected] 713-955-3122M 832-449-2223

Becky [email protected] 713-955-3121M 918-629-5592

Dillon [email protected] 713-955-3123M 713-254-3824

Tripp [email protected] 713-955-3124M 936-635-6968

Jane MatsellGraphic Designer

Contacts, Due Diligence, & Offer Requirements

Dosch Marshall Real Estate713.955.2120

777 Post Oak Blvd Houston, TX 77056

www.dmreland.com

Exclusive RepresentationDosch Marshall Real Estate (DMRE) has been exclusively retained to represent the Seller in the disposition of ±320 acres between FM529 and Longenbaugh Road north of Katy, West Houston, TX (Property). All inquiries about the Property should be directed to DMRE.

Due Diligence InformationTo access the due diligence information please visit the Property website at: www.dmreland.com

Offer RequirementsOffers should be presented in the form of a non-bind-ing 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

Purchase terms shall require cash to be paid at closing. Offers should be delivered to the attention of Tim Dosch, David Marshall, Tom Dosch, or Becky Hand via fax or email.

±320 ACRES ON FM529 AND LONGENBAUGH ROAD 2

Page 3: ±320 ACRES NORTHWEST OF KATY...Dillon Mills Associate dillon.mills@dmreland.com O 713-955-3123 M 713-254-3824 Tripp Rich Analyst tripp.rich@dmreland.com O 713-955-3124 M 936-635-6968

www.dmreland.comProperty Information

Property Details

LOCATION Between FM 529 & Longenbaugh Rd west of Katy Hockley Rd

LAT., LONG. 29.883401, -95.836214

TOTAL ACRES ±320

PARCEL ID 0471370000002, 0471370000014, 0480660000011, 0480080000021

DETENTION Onsite

COUNTY & ZIP Fort Bend County, 77493

SCHOOL DISTRICT Katy ISD

2017 Tax Rates

19 KATY ISD 1.51660

40 HARRIS COUNTY 0.41656

41 HARRIS CO FLOOD CNTRL 0.02829

42 PORT OF HOUSTON AUTHY 0.01334

43 HARRIS CO HOSP DIST 0.17179

44 HARRIS CO EDUC DEPT 0.00520

678 WALLER-HARRIS ESD 200 0.09950

TOTAL 2.251282017 Demographics

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

EST. POPULATION 85 1,376 9,734

5-YR EST. POPULATION GROWTH 27.1% 64.0% 33.3%

HOUSEHOLDS WITH INCOME EXCEEDING $74,999

51.8% 60.0% 56.9%

EST. AVERAGE HOME VALUE $190,909 $222,852 $218,064

±320 ACRES

0.5 MI

0.5 MI90 FT

0.5 MI

1.0 MI

LONGENBAUGH RD

FM529 / FREEMAN RD

KATY

HO

CKLE

Y RD

NOTE: Frontage measurements are approximations from Landvision.

±320 ACRES ON FM529 AND LONGENBAUGH ROAD 3

Page 4: ±320 ACRES NORTHWEST OF KATY...Dillon Mills Associate dillon.mills@dmreland.com O 713-955-3123 M 713-254-3824 Tripp Rich Analyst tripp.rich@dmreland.com O 713-955-3124 M 936-635-6968

www.dmreland.com

10 MILES5 MILES

FM 529

LONGENBAUGH RDFM

285

5

10

MORTON RD

GRA

ND

PKW

Y

CLAY RD

KINGSLAND BLVD

PIN OAK RDFM

146

3PI

TTS

RD

KATY

HO

CKLE

Y RD

FRY

RD

BARK

ER C

YPRE

SS R

D

KATY

COPPERFIELDPLACE

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

Corporate Headquarters1,000+ Employees

Houston ExecutiveAirport

2,900 EmployeesCorporate Headquarters & Distribution Center

Grand Morton Town Center85-Acre Development

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

±320 AC

Highlights Map

±320 ACRES ON FM529 AND LONGENBAUGH ROAD 4

Page 5: ±320 ACRES NORTHWEST OF KATY...Dillon Mills Associate dillon.mills@dmreland.com O 713-955-3123 M 713-254-3824 Tripp Rich Analyst tripp.rich@dmreland.com O 713-955-3124 M 936-635-6968

www.dmreland.comArea 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

• 12 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 interna-tional energy and energy services firms including 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 Corporation, 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 • Memorial Hermann (6.5 miles) employs 1,000 at their 208-bed

hospital west of I-10 and the Grand Parkway• Schlumberger (7 miles) employs over 350 people at their Technol-

ogy Center at I-10 and the Grand Parkway. • Igloo (7.5 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 the continued growth in West Houston.

• DNV-GL (7.5 miles) employs 565 people at their testing laborato-ries east of the intersection of I-10 and the Grand Parkway.

• Academy Sports & Outdoors (8.0 miles) employs 2,900 people at their corporate headquarters and distribution center.

• Geico’s 135,000-SF claims processing center (8.0 miles) employs 610 people.

West Houston Medical Center 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 square foot cancer center, the first phase of a

multi-building campus, is currently underway and is expected to be open by 2018

Upcoming DevelopmentsUniversity Center (7 miles from the Property)

• 125-acre master-planned, mixed-use development at the northeast corner of Interstate 10 and the Grand Parkway

• UH initially plans to build an 80,000-square-foot facility on 46 acres; the campus should open in fall 2019

• The campus is expected to serve 2,000 students at first, but the system’s master plan accommodates 8,000 to 10,000 students

Amazon.com • Plans to open a 1-million-SF fulfillment center in Katy, creating up to

1,000 new, full-time jobs

±320 ACRES ON FM529 AND LONGENBAUGH ROAD 5

Page 6: ±320 ACRES NORTHWEST OF KATY...Dillon Mills Associate dillon.mills@dmreland.com O 713-955-3123 M 713-254-3824 Tripp Rich Analyst tripp.rich@dmreland.com O 713-955-3124 M 936-635-6968

www.dmreland.com

La Centerra at Cinco Ranch • Employs over 1,700 people

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

• Upscale, main-street style town center development featuring national names and unique bou-tiques, 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• Mixed-use project including a

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

• Phase I scheduled for completion end of 2017

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

Typhoon Texas (7.0 miles)• Popular waterpark with water slides,

a lazy river for tubing, and eateries

Katy Mills Mall (7.0 miles)• Employees over 3,000 people

• 1.3-square-mile outlet mall with over 175 stores and a 20-screen AMC Movie Theater

Grand Morton Town Center (6.0 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

FM529 & N Fry Rd (6.5 miles)• Fiesta, Walgreens, CVS, Wells Fargo,

Sushi Shiga, Mattress One• MD Kids Pediatric, Emmy Dental,

Discovery Years Early Learning Center

I-10 & the Grand Parkway (7.0 miles)• JCPenney, Red Robin, Cinemark, La

Madeleine• Costco, Main Event Entertainment,

Academy Sports, Mo’s Irish Pub

I-10 & Katy Ft Bend Rd (7.0 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 (7.0 miles)

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

• Residence Inn by Marriott, Home-wood Suites by Hilton, Courtyard by Marriott

LA CENTERRA TYPHOON TEXAS

KATY BOARDWALK

Area Highlights

±320 ACRES ON FM529 AND LONGENBAUGH ROAD 6

Page 7: ±320 ACRES NORTHWEST OF KATY...Dillon Mills Associate dillon.mills@dmreland.com O 713-955-3123 M 713-254-3824 Tripp Rich Analyst tripp.rich@dmreland.com O 713-955-3124 M 936-635-6968

ww

w.dm

reland.com

10-10-11

Before working with a real estate broker, you should know that the duties of a broker depend on whom the broker represents. If you are a prospective seller or landlord

(owner) or a prospective buyer or tenant (buyer), you should know that the broker who lists the property for sale or lease is the owner’s agent. A broker who acts as a subagent represents the owner in cooperation with the listing broker. A broker who acts as a buyer’s agent represents the buyer. A broker may act as an intermediary between the parties if the parties consent in writing. A broker can assist you in locating a property, preparing a contract or lease, or obtaining financing without representing you. A broker is obligated by law to treat you honestly.

IF THE BROKER REPRESENTS THE OWNER:The broker becomes the owner’s agent by entering into an agreement with the owner, usually through a written - listing agreement, or by agreeing to act as a subagent by accepting an offer of subagency from the listing broker. A subagent may work in a different real estate office. A listing broker or subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. The buyer should not tell the owner’s agent anything the buyer would not want the owner to know because an owner’s agent must disclose to the owner any material information known to the agent.

IF THE BROKER REPRESENTS THE BUYER:The broker becomes the buyer’s agent by entering into an agreement to represent the buyer, usually through a written buyer representation agreement. A buyer’s agent can assist the owner but does not represent the owner and must place the interests of the buyer first. The owner should not tell a buyer’s agent anything the owner would not want the buyer to know because a buyer’s agent must disclose to the buyer any material information known to the agent.

IF THE BROKER ACTS AS AN INTERMEDIARY:A broker may act as an intermediary between the parties if the broker complies with The Texas Real Estate License Act. The broker must obtain the written consent of each party to the transaction to act as an

Approved by the Texas Real Estate Commission for Voluntary Use Texas law requires all real estate licensees to give the following information about

brokerage services to prospective buyers, tenants, sellers and landlords.

Information About Brokerage Services

Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee’s records.

intermediary. The written consent must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. The broker is required to treat each party honestly and fairly and to comply with The Texas Real Estate License Act. A broker who acts as an intermediary in a transaction:

(1) shall treat all parties honestly;

(2) may not disclose that the owner will accept a price less that the asking price unless authorized in writing to do so by the owner;

(3) may not disclose that the buyer will pay a price greater than the price submitted in a written offer unless authorized in writing to do so by the buyer; and

(4) may not disclose any confidential information or any information that a party specifically instructs the broker in writing not to disclose unless authorized in writing to disclose the information or required to do so by The Texas Real Estate License Act or a court order or if the information materially relates to the condition of the property.

With the parties’ consent, a broker acting as an intermediary between the parties may appoint a person who is licensed under The Texas Real Estate License Act and associated with the broker to communicate with and carry out instructions of one party and another person who is licensed under that Act and associated with the broker to communicate with and carry out instructions of the other party.

If you choose to have a broker represent you, you should enter into a written agreement with the broker that clearly establishes the broker’s obligations and your obligations. The agreement should state how and by whom the broker will be paid. You have the right to choose the type of representation, if any, you wish to receive. Your payment of a fee to a broker does not necessarily establish that the broker represents you. If you have any questions regarding the duties and responsibilities of the broker, you should resolve those questions before proceeding.

Buyer, Seller, Landlord or Tenant Date

Texas Real Estate Brokers and Salespersons are licensed and regulated by the Texas Real Estate Commission (TREC). If you have a question or complaint regarding a real estate licensee, you should contact TREC at P.O. Box 12188, Austin, Texas 78711-2188 , 512-936-3000 (http://www.trec.texas.gov)

TREC No. OP-K

7

Page 8: ±320 ACRES NORTHWEST OF KATY...Dillon Mills Associate dillon.mills@dmreland.com O 713-955-3123 M 713-254-3824 Tripp Rich Analyst tripp.rich@dmreland.com O 713-955-3124 M 936-635-6968

777 POST OAK BLVDHOUSTON, TEXAS 77056

WWW.DMRELAND.COM