GREENWAYPLAZAII RICHARDSON •

OFFERING SUMMARY RICHARDSON / PLANO OFFICE MARKET

GREENWAYPLAZAII The Richardson / Plano office submarket is one of ’ top suburban office markets, absorbing over 3.8 million square feet and experiencing a 23% increase in rental rates since 2013, due in large part to several recent corporate relocations. Also known as the Telecom Corridor, the market is HFF has been exclusively retained to offer qualified investors the opportunity to acquire Greenway Plaza II (the “Property”), a 91.9% leased, home to a significant concentration of corporate America including BlueCross Blue Shield, State Farm, Raytheon, AT&T, Ameriprise, Bank of America, 152,969-square-foot, recently renovated Class A office building located within the robust Richardson / Plano office submarket. The Property Bombardier, MetroPCS, Nationwide Insurance, Samsung, Travelers Insurance and United Healthcare Group. is situated within the Telecom Corridor just southeast of the intersection of North Central Expressway (US-75) and the President George Bush Turnpike, minutes from the new CityLine Development which features 1,400 apartment units, a Whole Foods Market, and the regional corporate campuses for State Farm and Raytheon. Greenway Plaza II offers investors the opportunity to acquire a stabilized Class A asset within one of DFW’s DFW ABSORPTION LEADERS (2013-2015) RICHARDSON/PLANO RENTAL RATES strongest and fastest growing office submarkets. $21.00 $21.00 $20.50 $20.50 RRiicchhaarrddssoon/Plano PROPERTY HIGHLIGHTS $$2200.0.000 2200%% 23%23% INCREASE INCREASE $$1919.5.500 Las Colinas STABLE IN-PLACE CASH FLOW WITH DISCOUNT TO REPLACEMENT COST Las Colinas $$1919.0.000 At 91.9% occupancy with an average remaining lease term of 3.9 years and in-place rents that are over 6% below market, the Property provides 141%4% $$1818.5.500 FFaarr NNoorrtthh DDalllas stable in-place cash flow while offering significant upside in one of the most dynamic submarkets in DFW. Additionally, the Property is expected to $18.00 2233%% $18.00 trade at a significant discount to replacement cost with an attractive going-in yield. MMidi-dC-Citiiteiess 77%% $$1717.5.500 $$1717.0.000 CURRENT OWNERSHIP INVESTED OVER $2.5 MILLION IN CAPITAL IMPROVEMENTS $$1616.5.500 Greenway Plaza II has undergone several capital improvement projects including lobby renovations, corridor and restroom upgrades, and the 22001111 20210212 20210313 20214014 20125015 addition of an open market, tenant lounge, fitness center, and deli.

EXCEPTIONAL CONNECTIVITY RICHARDSONS TOP 15 EMPLOYERS Specifically situated in Richardson along North Central Expressway between LBJ PROJECT OVERVIEW Freeway and George Bush Turnpike, the Property’s prime location provides current Employer Employees Employer Employees ADDRESS: 2400 Lakeside Boulevard and future tenants with virtually congestion-free ingress/egress via several nearby, Richardson, TX 75082 State Farm Insurance 8,000 Raytheon 1,700 major transportation arteries and direct access to the myriad of amenities that and Richardson have to offer. The Property also benefits from four light rail BUILDING SIZE: 152,969 square feet AT&T 5,000 Kohl's 1,500 stations in Richardson – more than any other of the Dallas suburbs. The Galaytn Park PERCENTAGE LEASED: 91.9% Blue Cross and Blue Shield 3,100 Fossil, Inc. 1,400 Station on the red line is within walking distance of the Property and is directly off of The University of Texas at Dallas 2,674 Cisco Systems 1,200 Central Expressway, providing north/south access along the highway. YEAR BUILT: 1985 Richardson ISD 2,500 Samsung Mobile 1,000 STORIES: 7 INSTITUTIONAL QUALITY ASSET Verizon Business 2,250 Qorvo Semiconductor 1,000 Efficient floor plates, a structured parking garage providing an above market parking SITE: 4.9 acres Fujitsu 2,000 iQor 1,000 ratio of 4.9 per 1,000 square feet and recent capital improvements offer the next PARKING RATIO: 750 parking spaces owner an institutional quality asset. 4.9 per 1,000 square feet United HealthCare Services, Inc 1,700

2 3 PREMIER RICHARDSON LOCATION GREENWAYPLAZAII CITY LINE Richardson, the second largest employment center in the DFW area, has experienced an economic transformation in recent years from one dominated TEXAS by telecommunications companies to a diversified mix of industries with a strong focus on healthcare and insurance. This major employment hub INSTRUMENTS BC STATION is projected to add nearly 43,000 new jobs from 2000 through the year RAYTHEON PARTNERS STATE FARM 2020, with much of this growth from non-technology related firms. The average annual household income in the City of Richardson is approximately UNIVERSITY OF TEXAS $85,000, 31% higher than the DFW average. AT DALLAS N Plano Rd. RICHARDSON TRANSFORMATION THE CITYLINE DEVELOPMENT is planned for 186 acres of development including 3 million SF of office space, 92,000 SF of retail space, a 100,000 SF specialty grocer center anchored by Whole Foods, 41,000 SF of medical office space, 150 hotel rooms, and a 3.5-acre park. The PALISADES REDEVELOPMENT BLUE CROSS development will account for over 12,000 jobs, with State Farm (8,000 BLUE SHIELD jobs) and Raytheon (1,700 jobs) leading the way. SAMSUNG BC STATION is a $500 million, 54-acre transit oriented development planned to the west of CityLine that includes 1.35 million SF of office VERIZON space, 1,250 multifamily units, 100,000 SF of retail space, and two hotels.

PALISADES CENTRAL DEVELOPMENT is an 80-acre mixed development STATION located directly across US-75 from the Property with an estimated cost of $700 million. The project will include apartments, retail, hotel and office space.

UNIVERSITY OF TEXAS AT DALLAS (UTD) is a growing public research university in the University of Texas System boasting more National L Merit Scholars than all other UT System institutions combined. Over the ak e past seven years, UTD has been one of the fastest-growing universities s i in Texas, increasing enrollment from 14,500 to over 23,000 students. d

Ongoing and recently announced projects include a new Bioengineering e

B and Sciences Building and a $54 million mixed-use development project

l v

d known as Northside at UT Dallas. . Greenville Ave. METRO PCS 4 5 GREENWAYPLAZAII

6 7 121) Y (SH WA TOLL RN BU RAY SAM

E BETHANY DR ANGEL PKWY DALLAS/FORT WORTH Legacy LEGACY DR ECONOMIC OVERVIEW TE N GREENVILLE AVE NY PLANO SO N PKWY Per Moody’s Analytics, the Dallas / Fort Worth market is one of Oak Point Park And Nature Preserve J ALMA DR the most diverse economies in the United States ranking above O SPRING CREEK PKWY Y S A E Y W PLANO PKWY the gateway markets of Boston, Los Angeles, San Francisco,

L Arbor Hills S N S Nature Preserve E R and New York City. With a February 2016 unemployment rate P

COIT RD X

MIDWAY RD CUSTER RD E JUPITER RD of 3.7%, the Dallas/Fort Worth MSA continues to outperform Prestonwood PARKER RD AL R T

Country Club OHIO DR N E the national average of 4.9%. In 2015, Dallas/Fort Worth added C

H Gleneagles T The Shops at R PARK BLVD 98,900 new jobs ranking 5th in percentage growth (2.94%) and Country Club O Willow Bend N LOS RIO BLVD PARK BLVD INDEPENDENCE PKWY 3rd in absolute growth. From 2014 to 2019, the Dallas/Fort

D Worth MSA is expected to rank 1st in both population and job International A

L Heritage Manor & Business Park L Future A

Plano Specialty SHILOH RD Pecangrowth, Hollow according to Moody’s Analytics. Consistently ranked S Future Collin Creek BC Station

N Hospital Heritage Creekside Mall Golf Course ROSEMEADE PKWY O Mixed-Use as one of the top regions in the nation for doing business, the R Mixed-Use

T Development

H Development PLANO PKWY PLANO PKWY

T Market Plaza Metroplex benefits from its low cost of living, business-friendly O

L Shopping Center L PRESIDENT GEORGE BUSH TURNPIKE

W environment, strong base of well educated employees, and A CARROLTON Y FRANKFORD RD RENNER RD CITYRENNERLINE RD Breckinridgeunmatched Park access to both U.S. and world markets through its Highland Springs Northside Bush Turnpike DEVELOPMENT Medical Center at UTD Canyon Creek Station West Country Club transportation network. These factors even led the Urban Land Institute (ULI) in its Emerging Trends in Real Estate report to

PLANO RD name Dallas/Fort Worth the Top Market to Watch in 2016. CAMPBELL RD D

R Firewheel Golf Park S MARSH LN Projected YOY Employment Growth Projected YOY Population Growth

G MIDWAY RD

IN Y PROJECTED YOY EMPLOYMENT GROWTH W Palisades PR KELLER S K P

Addison

COIT RD Central Airport W Telecom 3.50% 2.50% E I Development ARAPAHO RD V R Corridor ARAPAHO RD E

T 3.00%

A ADDISON W 2.00% BELT LINE RD 2.50%

INWOOD RD BELT LINE RD RICHARDSON 2.00% 1.50% JUPITER RD SHILOH RD 1.50% 1.00% SPRING VALLEY RD FARMERS CENTENNIA 78 L BL 1.00% VD 0.50% BRANCH PLANO RD BUCKINGHAM RD GARLAND 0.50% S COIT RD 0.00% 0.00% LYNDON B JOHNSON WALNUT ST FREEWAY 2016f 2017f 2018f 2019f 2020f 2016f 2017f 2018f 2019f 2020f CASTLE DR

Preston Hollow GARLAND AVE DFW Texas U.S. DFW Texas U.S. WALNUT ST ADDITIONAL INFORMATION 2323 Victory Avenue | Ste. 1200 Dallas, TX 75219 | hfflp.com ANDREW LEVY | Senior Managing Director | [email protected] | 469.232.1961 214.265.0880 214.265.9564 TODD SAVAGE | Managing Director | [email protected] | 469.232.1930 HFF has been engaged by the owner of the property to market it for sale. Information ELIZABETH MALONE | Director | [email protected] | 469.232.1964 concerning the property [properties] described herein has been obtained from sources other than HFF, and neither Owner nor HFF, nor their respective equity holders, officers, CHRIS MURPHY | | [email protected] | 469.232.1941 employees and agents makes any representations or warranties, express or implied, as to Associate Director 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. MATT MCCARNEY | Analyst | [email protected] | 469.232.1955 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 purchaser, and HFF, its partners, officers, employees and agents For questions regarding debt structures on this property, please contact: disclaim any liability that may be based upon or related to the information contained herein. Prospective purchasers should conduct their own independent investigation and STEVE HELDENFELS | Managing Director | [email protected] | 469.232.1924 rely on those results. The information contained herein is subject to change.