55 & 57 briar hollow lane...highland village river oaks district site community amenities 4...

An Inner Loop Development Opportunity with improvements in Houston, Texas

OFFERING BROCHURE+/- 4.0185 ACRES

55 & 57 Briar Hollow Lane

SITE

BRIAR HOLLOW LN.

4.0185 ACRES175,050 SF

2

* Rendering only of a potential redevelopment of the property

* Rendering only of a potential redevelopment of the property

3

SITE

GALLERIA/UPTOWN DISTRICT(82,000 EMPLOYEES - 2,000 BUSINESSES)

HOUSTONARBORETUM &

NATURE CENTER

MEMORIAL PARK

SITE

BUFFALO BAYOU

BUFFALO BAYOU

4.0185 ACRES175,050 SF

4.0185 ACRES175,050 SF

MARTIN FEIN INTERESTS304 UNIT

APARTMENTDEVELOPMENT



UPTOWN PARK

GALLERIA/UPTOWN DISTRICT(82,000 EMPLOYEES - 2,000 BUSINESSES)

GREENWAY PLAZA(25,000 EMPLOYEES - 755 BUSINESSES)

BRIA

R H

OLL

OW

LN.

BELLAIRETHE GALLERIA

WEST UNIVERSITY

POST OAK PARK DR.

HIGHLAND VILLAGE RIVER OAKS DISTRICT

SITE

COMMUNITY AMENITIES

4

PRICE To Be Determined By The Market

TERMS All Cash

4.0185 Acres | 175,050 SF 55 & 57 Briar Hollow Lane Houston, TX 77027

55 & 57 Briar Hollow is a 4.0185 acre site with 175,050 SF of gross land within the vibrant Uptown District/ Galleria area in Houston, Texas.

The site benefits from an excellent location less than a half a mile east of the heavily traveled Interstate 610 with an average daily traffic count of over 300,000 vehicles. Directly across the highway is the Uptown District/ Galleria , the 4th largest shopping center in the US with 5 million square feet of retail space which draws more than 26 million visitors per year.

Situated inside the 610 Loop off Briar Hollow Lane in a quiet cul-de-sac, the subject overlooks Houston’s most scenic views including: the Buffalo Bayou waterway, Houston Arboretum & Nature Center and Memorial Park to the north, downtown Houston to the east, The Uptown District/ Galleria skyline to the west, and the newly developed River Oaks District to the south.

The site is in proximity to over 23 million square feet of existing office space.

The Uptown District/ Galleria has over 2,000 businesses and 82,000 employees. Other major employment centers nearby include : Greenway Plaza (2.8 miles), Texas Medical Center (7.5 miles), and Houston’s Central Business District (9 miles).

55 & 57 Briar Hollow is an exceptional development opportunity positioned in the Galleria area, one of Houston’s most successful business and retail centers.

• Over 4 acres of prime development land near Houston’s major business districts and most desirable neighborhoods

• Surrounded by Houston’s best employment & entertainment centers with Buffalo Bayou frontage

• Houston’s Galleria/Uptown District is the nation’s 14th largest

business district with over 26 million SF of office space and 5 million SF of retail space

• 2 miles from Memorial Park, one of the nation’s largest urban parks on 1,466 acres of land featuring running and biking trails, an 18-hole golf course, and many other sports facilities

• Home values in the area range from $1 to $15 million

• Average Household Income is $139,023

LOCATION INFORMATION AVAILABLE



FORMER / DEMOLISHEDGULF COAST VETERINARY HOSPITAL

BUFFALO BAYOU

4.0185 ACRES175,050 SF

5 5 & 5 7 b r i a r h o l l o w l a n e | h o u s t o n , t e x a s | 7 7 0 2 7

LOCATION MAP

5

10 10

N

Pasadena

Houston

45

610

Hobby Airport

8

59290

288

6

Port of Houston

HoustonCBD

MedicalCenter

GreenwayPlazaGalleria

Westchase

Sugarland Pearland

IntercontinentalAirport

249

Greenspoint

8

Energy Corridor

59

SITE

BUNKER HILL RD.


HOUSTON CBD( 6 MILES EAST )

AERIAL MAPS

PARK TOWERSNORTH

UPTOWNPARK

PARK TOWERSSOUTH

GREENWAY PLAZA( 25,000 EMPLOYEES - 755 BUSINESSES)

RIVER OAKSRIVER OAKSCOUNTRY CLUB

6

SITE

BUFFALO BAYOU

BUFFALO BAYOU

THE POST OAK

HOTEL

MEMORIAL CITY( 8 MILES WEST )

SITE

4.0185 ACRES175,050 SF

4.0185 ACRES175,050 SF




SURVEY & PROPERTY TAXES

55 Briar Hollow Ln.

• 2.8 ACRES• 122,308 GROSS SF LAND• 2,304 SF OFFICE BLDG

Appraisal District Harris County

2018 Tax Rate 2.530443%

Property ID # 1176810010001

Land (122,308 SF) $1,576,248

Improvements (2,304 SF) $ 101,075

Total 2018 Tax Value $ 1,677,323

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57 Briar Hollow Ln.

SURVEY & PROPERTY TAXES

• 1.21 ACRES• 52,742 GROSS SF LAND• 14,016 SF IMPROVEMENTS

Appraisal District Harris County

2018 Tax Rate 2.530443%

Property ID # 0770250000013

Land (15,608 SF) $ 375,120


Total 2018 Tax Value $ 803,596

Property ID # 0770250000014

Land (3,834 SF) $ 254,654



Property ID # 0770250000015

Land (10,170 SF) $ 330,510



Property ID # 0770250000017

Land (6,114 SF) $ 333,420



Property ID # 0770250000032

Land (13,100 SF) $ 459,300

Improvements (0 SF) $0


Property ID # 0770250000002

Land (3,916 SF) $ 196

Improvements (0 SF) $0

Total 2018 Tax Value $ 196

Total Combined 2018 Tax Value $3,375,539

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TEXAS MEDICAL CENTER

CENTRAL BUSINESS DISTRICT

GREENWAY PLAZA

MAJOR EMPLOYERS

Uptown District/Galleria 1.5 82.000

Greenway Plaza 2.8 25,000

Texas Medical Center 7.5 106,000

Central Business District (Downtown) 9 150,000

Westchase District 9.5 71,000

Williams Tower - Williams Company and Hines ( 64-story, 1.4 million SF)

1.7 1,941

BBVA Compass Plaza 1.4 672

Four Oaks Place ( BHP and AON) 0.8 2,750

Post Oak Central I, II, III ( Apache Corp., Stewart Title, and GDF Suez Energy NA )

1.3 2,273

Amegy Bank 0.7 512

Park Towers ( Cameron International and NetIQ ) 0.5 684

Drug Enforcement Administration 2.0 325

United Salt Corp 0.9 300

Texas Dept. of Family Protective Services 1.1 244

Alliant 2.1 420

Galleria Tower I & II (1.1million SF) 1.6

Miles# of

Employees

WESTCHASE DISTRICT

UPTOWN DISTRICT/ GALLERIA

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AREA ATTRACTIONS

Parks and Recreation Miles

Houston Arboretum & Nature Center 1.6

Gerald D. Hines Waterwall Park 1.7

Memorial Park 2.8

River Oaks Country Club 2.5

Houston Country Club 3.3

Buffalo Bayou Park 4.8

Eleanor Tinsley Park 6.6

Retail / Entertainment

Uptown Park 0.7

The Galleria (5th largest mall in the nation) 1.5

River Oaks District 1.2

Highland Village 1.4

Post Oak Center 1.8

The Centre at Post Oak 1.8

BLVD Place 1.0

Educational Institutions

Texas A&M Mays Business School 6.1

Houston Community College West Loop 2.8

St. Thomas University 4.0

University of Houston Downtown 7.2

Rice University 5.3

University of Houston Central 8.3

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55 Briar Hollow Ln.Sales Center 55 Briar Hollow Ln.

55 Briar Hollow Ln.

55 Briar Hollow Ln.

55 Briar Hollow Ln.

55 Briar Hollow Ln.

55 Briar Hollow Ln.

12

57 Briar Hollow Ln. Home 2


57 Briar Hollow Ln. Home 1Open Lot





AREA DEMOGRAPHICSRadius 1 Mile 3 Mile 5 Mile

Population

2023 Projection 13,553 169,822 537,156

2018 Estimate 12,441 156,975 497,133

2010 Census 10,356 137,424 438,128

Growth 2018-2023 8.94% 8.18% 8.05%

Growth 2010-2018 20.13% 14.23% 13.47%

2018 Population Hispanic Origin 1,663 36,451 173,634

2018 Population by Race: 12,441 156,975 497,133

White 10,330 83.03% 128,685 81.98% 394,411 79.34%

Black 638 5.13% 8,377 5.34% 39,164 7.88%

Am. Indian & Alaskan 34 0.27% 917 0.58% 5,924 1.19%

Asian 1,216 9.77% 15,842 10.09% 46,605 9.37%

Hawaiian & Pacific Island 4 0.03% 89 0.06% 439 0.09%

Other 220 1.77% 3,065 1.95% 10,590 2.13%

Households:

2023 Projection 7,745 87,608 243,569

2018 Estimate 7,108 81,070 225,571

2010 Census 5,915 71,735 200,736

Growth 2018 - 2023 8.96% 8.06% 7.98%

Growth 2010 - 2018 20.17% 13.01% 12.37%

Owner Occupied 3,089 43.46% 35,473 43.76% 92,714 41.10%

Renter Occupied 4,019 56.54% 45,597 56.24% 132,857 58.90%

2018 Households by HH Income 7,109 81,070 225,572

Income Less Than $25,000 838 11.79% 9,674 11.93% 41,168 18.25%

Income: $25,000 - $50,000 715 10.06% 12,131 14.96% 40,420 17.92%

Income: $50,000 - $75,000 1,155 16.25% 11,691 14.42% 31,117 13.79%

Income: $75,000 - $100,000 855 12.03% 9,049 11.16% 21,766 9.65%

Income: $100,000 - $125,000 744 10.47% 7,700 9.50% 18,341 8.13%

Income: $125,000 - $150,000 267 3.76% 5,220 6.44% 11,863 5.26%

Income: $150,000 - $200,000 706 9.93% 7,338 9.05% 18,082 8.02%

Income: $200,000 or more 1,829 25.73% 18,267 22.53% 42,815 18.98%

2018 Avg Household Income $140,806 $131,247 $115,491

2018 Med Household Income $99,750 $94,446 $75,093

Source: CoStar Realty Information, Inc, November 2018

13

Information About Brokerage Services 11-2-2015

Texas law requires all real estate license holders to give the following information about

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

TYPES OF REAL ESTATE LICENSE HOLDERS:

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents):

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:

A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker.A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.

Put the interests of the client above all others, including the broker’s own interests;Inform the client of any material information about the property or transaction received by the broker;Answer the client’s questions and present any offer to or counter-offer from the client; andTreat all parties to a real estate transaction honestly and fairly.

AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agent through an agreement with the owner,usually in a written listing to sell or property management agreement. An owner's agent must perform the broker’s minimum dutiesabove and must inform the owner of any material information about the property or transaction known by the agent, includinginformation disclosed to the agent or subagent by the buyer or buyer’s agent.

AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through awritten representation agreement. A buyer's agent must perform the broker’s minimum duties above and must inform the buyer of anymaterial information about the property or transaction known by the agent, including information disclosed to the agent by the seller orseller’s agent.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the writtenagreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold orunderlined print, set forth the broker's obligations as an intermediary. A broker who acts as an intermediary:

Must treat all parties to the transaction impartially and fairly;May, with the parties' written consent, appoint a different license holder associated with the broker to each party (owner andbuyer) to communicate with, provide opinions and advice to, and carry out the instructions of each party to the transaction.Must not, unless specifically authorized in writing to do so by the party, disclose:

that the owner will accept a price less than the written asking price;that the buyer/tenant will pay a price greater than the price submitted in a written offer; andany confidential information or any other information that a party specifically instructs the broker in writing not todisclose, unless required to do so by law.

AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction without an agreement to represent thebuyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH:The broker’s duties and responsibilities to you, and your obligations under the representation agreement.Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.

LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposes. It does not create an obligation foryou to use the broker’s services. Please acknowledge receipt of this notice below and retain a copy for your records.

Licensed Broker/Broker Firm Name orPrimary Assumed Business Name

License No. Email Phone

Designated Broker of Firm License No. Email Phone

Licensed Supervisor of Sales Agent/ License No. Email PhoneAssociate

Phone: Fax:

Produced with zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zipLogix.com

License No. Email Phone

Buyer/Tenant/Seller/Landlord Initials Date

Regulated by the Texas Real Estate Commission Information available at www.trec.texas.gov

IABS 1-0TAR 2501

••

••••

••

•

••

Transwestern,1900 West Loop South Suite 1300 Houston,TX 77027 (713)270-3371 (713) 401-1457A David Schwarz, III

Transwestern Property CompanySW, GP, LLC d/b/a Transwestern 466196 [email protected] 713-270-7700

Stephen C. Ash 392519 [email protected] 713-270-7700

A.David Schwarz III, SIOR Carlos P. BujosaEd Cummins Guadalupe Olivares

156675279938

[email protected] [email protected] [email protected]@transwestern.com

713-270-3371713-272-1289713-272-1288713-272-1290

Buyer/Tenant/Seller/Landlord Initials

Regulated by the Texas Real Estate Commission

TAR 2501

Buyer/Tenant/Seller/Landlord Initials

Regulated by the Texas Real Estate Commission

TAR 2501

Sales Agent/Associate's Name

409034619668

[email protected] [email protected] [email protected]@transwestern.com

156675279938409034619668

A.David Schwarz III, SIOR Carlos P. BujosaEd Cummins Guadalupe Olivares

713-270-3371713-272-1289713-272-1288713-272-1290

14

TRANSWESTERN PROPERTY COMPANY SW GP, L.L.C.SALE/LEASE AMERICAN’S WITH DISABILITIES ACT,HAZARDOUS MATERIALS AND TAX DISCLOSURE

The Americans with Disabilities Act is intended to make many business establishments equally accessible to persons with a variety of disabilities; modifications to real property may be required. State and local laws also may mandate changes. The real estate brokers in this transaction are not qualified to advise you as to what, if any, changes may be required now, or in the future. Owners and tenants should consult the attorneys and qualified design professionals of their choice for information regarding these matters. Real estate brokers cannot determine which attorneys or design professionals have the appropriate expertise in this area. Various construction materials may contain items that have been or may in the future be determined to be hazardous (toxic) or undesirable and may need to be specifically treated/handled or removed. For example, some transformers and other electrical components contain PCB’s, and asbestos has been used in components such as fire-proofing, heating and cooling systems, air duct insulation, spray-on and tile acoustical materials, linoleum, floor tiles, roofing, dry wall and plaster. Due to prior or

current uses of theProperty or in the area, the Property may have hazardous or undesirable metals (including lead based paint), min-erals, chemicals, hydrocarbons, or biological or radioactive items (including electric and magnetic fields) in soils, water, building components, above or below-ground containers or elsewhere in areas that may or may not be ac-cessible or noticeable. Such items may leak or otherwise be released. Real estate agents have no expertise in the detection or correction of hazardous or undesirable items. Expert inspections are necessary. Current or future laws may require clean up by past, present and/or future owners and/or operators. It is the responsibility of the Seller/Lessor and Buyer/Tenant to retain qualified experts to detect and correct such matters and to consult with legal counsel of their choice to determine what provisions, if any, they may wish to include in transaction documents re-garding the Property. Sale, lease and other transactions can have local, state and federal tax consequences for the seller/lessor and or buyer/tenant. In the event of a sale, Internal Revenue Code Section 1445 requires that all buyers of an interest in any real property located in the United States must withhold and pay over to the Internal Revenue Service (IRS) an amount equal to ten percent (10%) of the gross sales price within ten (10) days of the date of the sale unless the buyer can adequately establish that the seller was not a foreigner, generally by having the seller sign a Non-Foreign Seller Certificate. Note that depending upon the structure of the transaction, the tax withholding liability could exceed the net cash proceeds to be paid to the seller at closing. Consult your tax and legal advisor. Real estate brokers are not qualified to give legal or tax advice or to determine whether any other person is properly

qualified to provide legal or tax advice.

SELLER PURCHASER

By: By:

Title: Title:

Co. Name: Co. Name:

Date: Date:

15

The information provided herein was obtained from sources believed reliable; however, Transwestern makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions, prior sale or lease, or withdrawal without notice. Copyright © 2015 Transwestern. 10-1035.0610.This offering is submitted and received with the understanding that all offers for the acquisition of the herein described property will be conducted through Transwestern. The Seller, Transwestern expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers to purchase the Property and/or terminate discussions with any entity at any time with or without notice.

1900 West Loop South, Suite 1300 Houston, Texas 77027 | T 713.270.7700 | F 713.271.8172 | www.transwestern.com

A. David Schwarz III, SIORVice President [email protected]

INVESTMENT CONTACTS PROPERTY TOUR INQUIRIES

Tranica HendersonMarketing [email protected]

Ed CumminsSenior Vice [email protected]

Lupe OlivaresAssistant Vice [email protected]

Carlos P. BujosaVice President [email protected]

Primary Contact:

55 & 57 briar hollow lane...highland village river oaks district site community amenities 4...

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