UPTOWN DISTRICT (2.5 mi) - 15th largest business district in the U.S. - 26 million SF of commercial office space - 16 million square feet of Class A office space - Over 82,000 employees - Over 2,000 companies

MEMORIAL PARK 610

10 Cheval 387 Apartments

KATY RD

Viridian Design District 394 Apartments

Somerset Green 560 Townhomes $500K’s - $800K+

FUTURE HEMPSTEAD RD TOWNHOMES

2.63 ACRES DAVID WEEKLEY HOMES AVAILABLE 1.98 ACRES

CITY CHOICE Timbergrove Point HOMES W 11TH ST Home Values Up to $550K

±2.63 Acres at 8506 Hempstead Road , 77008 • Price TBD by Market

OFFERING MEMORANDUM Contacts, Due Diligence, & Offer Requirements www.dmreland.com

Clark Dalton Becky Hand Dosch Marshall Real Estate Associate Associate 713.955.2120 [email protected] [email protected] 777 Post Oak Blvd O 713-955-3122 O 713-955-3121 Houston, TX 77056 M 832-449-2223 M 918-629-5592 www.dmreland.com

Exclusive Representation Tim Dosch Dillon Mills Dosch Marshall Real Estate (DMRE) has been exclusively retained to represent the Seller in the Principal Associate disposition of ±2.63 acres at 8506 Hempstead Road, [email protected] [email protected] Houston, Texas (Property). All inquiries about the O 713-955-3127 O 713-955-3123 Property should be directed to DMRE. M 713-459-8123 M 713-254-3824

Due Diligence Information To access the due diligence information please visit the Property website at: ​www.dmreland.com David Marshall Tripp Rich Principal Analyst [email protected] [email protected] Offer Requirements O 713-955-3126 O 713-955-3124 Offers should be presented in the form of a non-bind- M 713-206-1574 M 936-635-6968 ing Letter of Intent, and should include:

• Pricing • Due Diligence and Closing Timeframe • Earnest Money Deposit Tom Dosch Jane Matsell • Description of Debt/Equity Structure Principal Graphic Designer • Qualifications to Close [email protected] • Development Plans O 713-955-3125 M 713-557-4455

±2.63 ACRES AT 8506 HEMPSTEAD ROAD 2 Property Information www.dmreland.com

2.63 Acres at 8506 Hempstead Road Property Details • Adjacent to new high-end residential development - home values for Timbergrove Point reach LOCATION 8506 Hempstead Road, Houston, Texas 77008 $550,000 • Convenient access to major thoroughfares: access ramps to I-610 and I-10 are less than a mile LAT., LONG. 29.787801, -95.440476 from the Property TOTAL ACRES 2.63 • Surrounded by the best of infill Houston: Memorial Park (0.6 miles), Washington Corridor (2.5 miles), the Heights (1.0 mile), and Uptown District (2.5 miles) PARCEL ID 0440810000055 LEGAL INFORMATION TR 29 ABST 642 J REINERMAN FRONTAGE Approx. 204 ft on Hempstead Rd Approx. 92 ft on 11th St W 11TH ST UTILITIES City of Houston SCHOOL DISTRICT Houston ISD

2017 Tax Rates 1 HOUSTON ISD 1.206700 40 HARRIS COUNTY 0.416560 41 HARRIS CO FLOOD CNTRL 0.028290 HEMPSTEAD RD 42 PORT OF HOUSTON AUTHY 0.013340 . Timbergrove Point 43 HARRIS CO HOSP DIST 0.171790 H 44 HARRIS CO EDUC DEPT 0.005200 550 48 HOU COMMUNITY COLLEGE 0.100263 61 CITY OF HOUSTON 0.586420 Total 2.528563

2016 Demographics 0-1 mi 0-3 mile 0-5 miles EST. POPULATION 7,745 127,932 436,110 2016-2021 EST. POPULATION 11.07% 12.36% 10.29% GROWTH EST. AVERAGE HOUSEHOLD $104,072 $120,505 $108,571 INCOME EST. MEDIAN HOUSING VALUES $291,883 $357,647 $334,316

±2.63 ACRES AT 8506 HEMPSTEAD ROAD 3 OLD KATY RD

Future Townhomes Somerset Green 560 Townhomes $500K’s - $800K+ David Weekley Homes

HEMPSTEAD RD

Timbergrove Point Home Values Up to $550K 2.63 ACRES

AVAILABLE .8 ACRES

11TH ST

±2.63 ACRES AT 8506 HEMPSTEAD ROAD 4 Property Survey www.dmreland.com

92.69’

180.80’ 897.08’

203.90’

181.92’

±2.63 ACRES AT 8506 HEMPSTEAD ROAD 5 (4.5 MI)

W 19TH ST SHOPPING DISTRICT (<2.5 mi) THE HEIGHTS WASHINGTON AVE SHOPPING H H C. A P P S T INTOWN E R R TC JESTER BLVD HOMES M M H E H D W 11th Street DINING FITNESS Park WASHINGTON CORRIDOR (2.5 mi) C H O S S C C S T T C C C THEATER M C T HTS T D H A T H D S T ELLA BLVD P INTOWN HOMES DINING & NIGHTLIFE T C INTOWN D T E T C HOMES E8 R H T E R T P S P M D C C H S P S T C R CITY CHOICE D M C HOMES DAVID WEEKLEY HOMES S S

FUTURE Timbergrove Point TOWNHOMES Home Values Up to $550K W 12TH ST 2.63 ACRES

W 11TH ST Somerset Green 560 Townhomes $500K’s - $800K+

AVAILABLE 1.98 ACRES

HEMPSTEAD RD

±2.63 ACRES AT 8506 HEMPSTEAD ROAD 6 Local Highlights www.dmreland.com

The Washington Corridor One of the fastest growing infill submarkets in Houston: 2.5 miles from the Property tremendous growth in residential and retail development in Trendy eateries and nightlife destinations include Benjy’s, the past few years Darkhorse Tavern, Ei8ht, El Rey Taqueria, Max’s Wine Dive, • A center of interest for young professionals in Hous- Nox, Kung Fu Saloon, Bubba’s Sportsbar & Grill, Lauren- ton zo’s, Diem Lounge, Liberty Station, Sanctuary Lounge, The Counter, El Tiempo Cantina, Rebels Honky Tonk, Porch • Residents of the Heights are offered the unique oppor- Swing Pub, Catalina Coffee, Luke’s Ice House, Underdogs tunity to live, work and play in a walkable environment Pub, The Blue Fish, Coppa Ristorante Italiano, and Molina’s • Described by EATER Houston as the city’s hottest Cantina dining neighborhood in 2017 • According to a study cited by the Houston Chronicle, Sawyer Heights the Heights was the most popular neighborhood in HEIGHTS HIKE & BIKE TRAIL Houston to look for a home in 2013 • CNN Money ranked the Houston Heights No.4 of the Top 10 Big-City Neighborhoods in the United States in B&B BUTCHERS (WASHINGTON CORRIDOR) 2013

W 19th Street Shopping Center (2.1 mile) Center for shopping and dining in The Heights

Yale St & Koehler St

• Retail: Fly High Little Bunny, Almogabar’s, New Living, Thread, Vinal Edge Records, Manready Mercantile, Eclectic Home, J Harding & Co., Natural Pawz, Pen- zeys Spices, Jubilee, Retropolis, Venus Hair, Dramatika • Dining: Boomtown Coffee, Shade, Torchy’s Tacos, Maryam’s Cafe, Down House, Juice Girl, Becks Prime, Memorial Park Harold’s Restaurant & Tap Room, Fat Cat Creamery, <1.0 mile from the Property Carter & Cooley Co, The Vietnam Restaurant, Zoës Kitchen, Hunky Dory • One of the largest urban parks in the United States at 1,466 acres • Fitness: YogaOne Studios, Studio Fitness • Includes Memorial Park Golf Course • Theater: HITS Theatre, InterActive Theater, UpStage Theatre • Includes facilities for tennis, softball, swimming, track, croquet, volleyball, skating, and cycling White Oak Drive (3.1 miles) • Features the popular Seymour Lieberman Exercise Popular strip of restaurants and nightlife venues Trail, a 2.93 mile crushed granite pathway that sees • Fitzgerald’s, Obsidian Theater, Little Woodrow’s, almost 3 million visits annually BB’s Cafe, Barnaby’s Cafe, Pho Binh, Onion Creek, • Home to the Houston Arboretum & Nature Center, a Christian’s Tailgate, Jimmy’s Ice House, Happy Fatz, MEMORIAL PARK 155-acre urban nature sanctuary with 5 miles of trails Coltivare, Gelazzi

±2.63 ACRES AT 8506 HEMPSTEAD ROAD 7 Houston Central Business District www.dmreland.com 4.5 miles from the Property

GEORGE R BROWN CONVENTION CENTER Employment Entertainment & Attractions • Over 150,000 employees • Over ten million people visit Downtown annually • Over 3,000 businesses and 50.4 million SF office • 22 hotels and 7,300 hotel rooms space • 9 major performing arts organizations • Class A office occupancy is 85.6% • 2 million SF retail space • 754,000 SF of office space is under construction • Over 300 restaurants, coffee shops, and bars, includ- • Hosts 20 of Houston’s 26 Fortune 500 companies; ing the renowned Xochi, Potente and Local Foods 9 have their headquarters in Downtown Houston

Top Employers TOYOTA CENTER • Home of the NBA’s Employer # Employees • The Toyota Center has a total of 750,000 square feet, with 18,300 seats available for basketball, 17,800 for Chevron 8,600 hockey, and 19,000 for concerts, including 2,900 club seats and 103 luxury, courtside seats Shell Oil Company 7,000 Minute Maid Park Chase Bank 4,892 • Home of the and Houston Aeros pro- fessional sports teams CenterPoint Energy 3,826 • Built in the year 2000, Minute Maid Park has a 242- George R Brown Convention Center foot high retractable roof • 1.9 million SF KBR 2,958 • Minute Maid Park has a gross square footage of 28.97 • $253 million economic impact acres, a total square footage of 1,263,240, and a total • Fronted by Avenida de las Americas, a boulevard NRG/Reliant Energy 2,300 of 40,963 seats running from Minute Maid Park to Hilton Ameri- ExxonMobil Corporation 2,200 GreenStreet cas-Houston, which features five restaurants and • Three-block, 570,000-square-foot mixed-use destina- festival and event space tion with shopping, entertainment and dining Hess 2,000 Houston Theater District • III Forks, McCormick & Schmick’s, House of Blues, • The Houston Theater District, an impressive 17-block Kinder Morgan 1,860 Lucky Strike cultural and entertainment center, is the second • Hosts NRG’s regional headquarters, one of the nation’s largest performing arts district in the U.S. next to Deloitte 1,700 largest energy providers Broadway in New York City • 90,000 square feet of collaborative office space with • Nine performing arts organizations with more than Enterprise Products Partners 1,360 easy access to transit and parking 12,900 seats for live performances • Home of the Hotel Alessandra – a 223-room luxury • Includes 130,000 square foot entertain- Ernst & Young 1,300 hotel slated to open in Fall 2017 ment complex offering popular restaurants, movies, and parks Waste Management, Inc. 1,270 Park • More than two million visitors annually • Two-acre picnic lawn with one-acre lake, jogging PriceWaterhouseCoopers 1,236 trail, performance stage, two dog parks, and multiple • Venues include Alley Theater, Wortham Theater Cen- gardens ter, Hobby Center, Sundance Cinemas, & Jones Plaza, House of Blues, , and the LyondellBasell Industries 1,200 • Served as the planned entertainment zone, or “Super Bayou Music Center Bowl El Centro,” for the 2017 Super Bowl ±2.63 ACRES AT 8506 HEMPSTEAD ROAD 8 Houston Central Business District www.dmreland.com 4.5 miles from the Property

Market Overview Office developments RENDERING: HOTEL ALESSANDRA AND • Skanska resumed construction on Capitol Tower, its THE GREENSTREET REDEVELOPMENT 35-story 754,000 SF office tower at 811 Rusk; the lead tenant, Bank of America, preleased 210,000 SF and has RETAIL acquired the naming rights for the tower HIGHLIGHTS • Chevron’s 1500 Louisiana is undergoing a $10 million renovation as part of the company’s relocation of 9 around 900 employees from its Bellaire campus new retailers • Global co-working giant WeWork will open its first Houston location Downtown in December 2017 in The THE TIPPING POINT Jones at Main at 708 Main; WeWork will occupy 86,000 SF, housing over 1,400 of its members; the facility

will accommodate a range of companies (individuals, The Tipping Point startup firms and entrepreneurs) and provide private RETAIL (CONTINUED) office space for 120+ employees of companies that The Tipping Point, Downtown’s first and only cre- An upscale white table cloth full-service restaurant, require a regular presence in Houston ative lifestyle destination, is open in the Historic W. L. Lucienne, and lobby bar, Bardot, are planned on the Foley Building at 214 Travis Street. Locally owned and second floor of the new Hotel Alessandra. The restau- • Hines unveiled its twenty-first tower in the Houston operated by native Houstonians since 2007, the store rant will feature Mediterranean cuisine from countries curates a select collection of limited-edition footwear, such as Portugal, Greece, France and Spain and seat skyline, 609 Main, at a grand opening on May 17; Hines books, art, apparel, music, and accessories that are a about 100. (Chronicle) is the building’s first tenant and moved into their new reflection of their creative lifestyle. (Website) Celebrity Chef Bryan Caswell, the chef-owner of Reef, Southwest regional office on the 44th floor on April 22; COMING SOON: El Real, and Little Bigs plans to open a new restaurant, the building is 60 percent leased B&BLAUNCH Butchers POPUP owner, Benjamin SHOP Berg, will be opening160FT Oxbow BEERWORKS 7, on the ground floor of the new Le Méridien Benjamin’s, a new 16,000 SF world-class restaurant on hotel at 1121 Walker St., and a rooftop bar, Hoggbirds on the ground and mezzanine floors of The Star apartment the 22nd floor. The restaurant and bar are expected to building at 1111 Rusk. The new restaurant is expected open along with the hotel on August 22. HBJ( , culturemap, toNew open towardsretail the& restaurantend of summer 2018. openings (Chronicle, Website) RENDERING: FINAL DESIGN OF HIGH SCHOOL FOR Other developments & updates HBJ, RNR) THE PERFORMING AND VISUAL ARTS (HSPVA) • A new nanobrewery, 160ft BeerworksOwners of Montrose coffee shop Blacksmith, Morning- • The new 21-dock BCycle station, Downtown’s Café Cosmopolita will be opening on the ground star and Greenway Coffee & Tea plan to open Prelude • Bud’s Pitmaster BBQ opened at 1001Coffee Avenidaand Tea inside de 609 Las Main's lobby. (HBJ) fifteenth location, was installed at the Jury floor of SkyHouse Houston at 1625 Main Street in mid-September.Americas The independent specialty coffee shop Assembly Building located at 1202 Franklin with a modern and international theme will serve high Dallas-based restaurant and bar concept by Pat Green quality• Cake espresso Life based Co. drinks,, a local coffee, bakery tea, pastries, that andspecializes FreeRange Concepts, in cus The- Rustic, will open its first Street in June 2017 Houston location Downtown at 1836 Polk St., next to the breakfasttom sandwiches cakes and other beverages. • Uber Technologies Inc. and Cameron Manage- George R. Brown Convention Center. The 25,000-SF Finn• HallThe is set Conservatory to open in early 2018 Food at 712 MainHall in Theand Beerrestaurant Garden and bar isat expected 1010 to open in the summer ment have named the Esperson Building as a Jones on Main. The 20,000-SF food hall will feature a of 2018 and create more than 200 Houston jobs. (HBJ) designated pickup and dropoff building dozen chef-drivenPrairie addedfood outlets, new a craft food beer and curated beverage vendors this wine bar,spring—Arte an art deco cocktail Pizzeria lounge, from and pastry private chef Kelsey Hawkins; • Construction on the new Downtown campus of spaces. The food hall will serve breakfast, lunch and Mars Bakery, a doughnut and pastry bar; and Noble the High School for the Performing and Visual dinner. (Chronicle, HBJ) Rot Wine Bar, a “boutique wine bar” Arts (HSPVA) has topped out and the new High & Dry, a new rum bar set to serve up an “urban HSPVA campus is on track for completion in the oasis”• willLAUNCH be opening, aon collaborative the second floor of pop-up 306 Main shop returned Down- Street. (Houston Eater) fourth quarter of 2018 town on April 1, featuring new local designers and artisans • The Lee and Joe Jamail Skatepark at Park has reopened after a $2 million • Stack Burger, a casual restaurant and burger stand is renovation open at 703 St. Joseph Pkwy Downtown Houston Market Report 2Q 2017 4 • The Tipping Point, Downtown’s first and only creative lifestyle destination

±2.63 ACRES AT 8506 HEMPSTEAD ROAD 9 Uptown District www.dmreland.com 2.5 miles from the Property

Employment Top Employers Retail & Hospitality • Occupies 500 acres and is the 15th largest business district in the U.S. Apache Corporation • Home to the largest number of couture retailers in the city, including Versace, Yves Saint Laurent, • 26 million total square feet of commercial office space BBVA Compass Bank Giorgio Armani and Bulgari • Class A occupancy rate remains at a steady 90% • 55% of residents within a three-mile radius earn throughout the year Bechtel Corporation over $75,000 annually • Over 16 million square feet of Class A office space • Six million square feet of retail space and more • 13% of Houston’s total “Class A” office space, second than 1,000 stores only to Downtown Houston) BHP Billiton • Hosts over 82,000 employees and 2,000 companies, The Galleria Mall including Fortune 500 companies Apache, Spectra Cambridge Energy Research Associates, Inc. • Three million-square-foot, mixed-used site on 52 Energy, and Marathon Oil acres Clear Channel Communications • Fourth largest retail complex in the United States • Hosts more than 30 million visitors annually, Datacert, Inc. making it the number one shopping and tourist attraction in Houston Goodman Global Group, Inc. • Houston’s most prestigious shopping including stores such as Neiman Marcus, Cartier, Hermes of Hines Paris, Saks Fifth Avenue, Louis Vuitton, Ethan Allen, and Houston’s only Nordstrom Landry’s Hospitality • Over 30 million people visit the District every year LiveNation • 34 hotels with over 7,800 hotel rooms (more full service hotels than any other district in Houston) Marathon Oil FOUR OAKS PLACE - UPTOWN DISTRICT • Highest hotel occupancy rate in Houston • Nearly 10% of Houston’s total hotel rooms S&B Infrastructure, Ltd. New Developments Schlumberger Limited • In 2016 the Galleria opened a new 198,000-square- foot Saks Fifth Avenue Spectra Energy • A high-rise 30-story residential tower is also planned, with 225 hotel rooms and 75 to 10 condo- Stewart Information Services Corporation miniums • Recently added a 180-foot-long retail corridor for Engie (prev. GDF SUEZ) high-end boutiques called “Galleria IV”; most shops opened in the second quarter of 2017 TeleCheck International, Inc.

THE GALLERIA MALL Williams

±2.63 ACRES AT 8506 HEMPSTEAD ROAD 10 www.dmreland.com 11 10-10-11 10-10-11 a question or complaint a or complaint question TREC No. OP-K TREC No. ://www.trec.texas.gov) ://www.trec.texas.gov) specifically instructs instructs the specifically required to treat each each treat to required tions before proceeding. before proceeding. tions Date (1) (1) honestly; parties all treat shall (2) a accept will owner the that disclose may not a pay will buyer the that disclose may not (3) (4) or information any confidential disclose not may intermediary. The written consent must state who will who state must consent written The intermediary. underlined or bold conspicuous in and, broker the pay an as obligations broker’s the forth set print, The intermediary. broker is The with comply to and fairly and honestly party as acts who broker A Act. License Estate Real Texas transaction: a in intermediary an price in authorized unless price asking the that less writing to do so by theowner; offer written a in submitted price than the greater price unlessauthorized writingin todo byso the buyer; and informationany that partya in authorized unless disclose to not writing in broker byso do to required or information the disclose to writing The Texas RealEstate License Act ora court orderor if theinformation materially relates the to condition the of property. an as acting a broker consent, parties’ With the intermediary between the parties may appoint a person License Estate The Texas Real under licensed is who communicate broker to the with associated and Act and party one of instructions out carry and with anotherlicensed under person whothat is Actand and with communicate to broker the with associated party. other the of instructions out carry Ifyou choose to have a brokerrepresent you, the with agreement written a into enter should you the broker’s obligations clearly establishes that broker state should agreement The obligations. your and have You paid. be broker the will whom by and how any,representation, if of type the choose to right the broker a to fee a of payment Your receive. to wish you broker the that establish necessarily not does If you have represents you. regardingany questions you broker, the of responsibilities and the duties ques those resolve should to give the following information about about information to give the following yers, tenants, sellers and landlords. sellers tenants, yers, at P.O. Box12188, P.O. Austin, 78711-2188Texasat , 512-936-3000 (http by agreeing to act as a as act to agreeing by brokerage services to prospective bu brokerage services to Approved by the Texas Real Estate Commission for Voluntary Use Voluntary for Commission Estate Real Texas the by Approved Texas law requires all real estate licensees real all requires Texas law efore working with a real estate broker, you you broker, estate real a with working efore should knowthat the duties of a broker depend on whom If represents. broker the prospective a you are landlord or seller Information About Brokerage Services Information About Brokerage Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee’s records. subagent by accepting an offer of subagency from the from subagency of offer an accepting by subagent real A subagent may broker. in a different work listing assist can subagent or broker listing A office. estate and the buyer represent not does but the buyer buyer The first. ofowner the interests the place must shouldnot tell the owner’s agent anything the buyer an because know to owner the want not would any owner the to disclose must agent owner’s agent. the to known information material BUYER: THE REPRESENTS THE BROKER IF entering by agent buyer’s the becomes broker The usually buyer, the represent agreement to an into A agreement. representation buyer a written through buyer’sagent canassist the owner but does not represent theowner and must place theinterests of buyer’s a tell not should owner first.buyerthe The buyer the want not would owner the anything agent the to disclose must agent buyer’sa because know to agent. the known to information material any buyer AN INTERMEDIARY: AS ACTS THE BROKER IF the between intermediary an as may act A broker TexasThe with Real complies broker the if parties written the obtain must broker The Act. 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If you have have you If (TREC). Commission Estate Real Texas the by regulated and licensed are Salespersons and Brokers Estate Real Texas TREC contact should estate reala regarding licensee,you 777 POST OAK BLVD HOUSTON, TEXAS 77056

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