The Owner of ParkWest Business Park offers multiple options for qualified PARKWEST developers or users/purchasers: • Sites from two acres up to the entire 150 acres are available • Owner would welcome land contributed joint ventures BUSINESS PARK • Build-to-suit opportunities ±150 ACRES IN KATY, TX (WEST )

PARKWEST BUSINESS PARK

INTRODUCTION

LATEST AREA NEWS ushman & Wakefield of , Inc. has been C Under contract: 10 acres to multi-family retained on an exclusive basis to market a developer Under contract: 11.8 acres to multi-family premier development opportunity located on developer Interstate 10-West (Katy Freeway) adjacent to $85 million expansion of Memorial Hermann Hospital the City of Katy and within Houston’s ETJ. GEICO opens a new Katy claims operations Located in a thriving submarket, ParkWest center, creating 1,000 new area jobs New Grand Parkway (SH 99) segment Business Park enjoys proximity to Katy, one of extends to US 290 Houston’s fastest growing suburbs. The Park is located within one mile of Houston’s newest loop, the Grand Parkway (SH 99). Houston’s Energy Corridor, a robust business district that is home to some of the world’s top energy companies, is located just west of the Park. Growth in the Katy area has been driven by this active and expanding market, as well as the connectivity and area enhancements provided by the Grand Parkway. Katy has become one of the more desirable areas of the Houston market to live, work and play, with renowned medical facilities, master- planned communities, exclusive retail, and low-to-mid-rise office buildings all moving to the Katy area in response to this growth.

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PROPERTY FEATURES

ParkWest Business Park is a mixed-use business and residential development that maintains maximum flexibility and requires quality, responsible development. As an office and retail development, ParkWest is suitable for medical, low-rise office, retail, retail pad sites, and restaurant establishments, offering great visibility with more than 3,000 lineal feet along the Interstate 10 frontage road.

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ACCESSIBILITY

ParkWest Business Park has excellent access and visibility with 3,000 feet of frontage on Interstate 10. Two sites on Katy-Ft. Bend Road offer frontages of 1,793´ and 590´, and Colonial Parkway bisects the site offering an additional east/west artery that will connect to Park Row.

The Owner has already acquired and put in place:

• MUD utilities • Water Plant • Sewer Capacity through the Williamsburg Plant • Drainage Study approved by HCFCD for detention size and location • Bridge for access to I-10 Service Road • Construction Drawings and fees for the infrastructure and roads

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CONCEPTUAL IMAGERY FOR PARKWEST

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GRAND PARKWAY ACCESS

The Grand Parkway is a 184 mile circumferential highway that traverses through seven counties circling Houston as its third outer loop. Segment E, which is 15 miles of the highway, sits in the northwesterly quadrant and is within one mile of ParkWest Business Park. Direct access to Sugar Land, Texas and Highway 59 to the south is currently available via The Grand Parkway. The further northerly extensions beyond Segment E (Segments F-1 and F-2 with a projected completion in 2015) will provide direct access to the areas of Spring and The Woodlands, Texas, where The Woodland’s Town Center is located and ExxonMobil’s new 386 acre headquarters campus will reside beginning mid-2015.

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GRAND PARKWAY SEGMENT MAP

The Woodlands MONTGOMERY CO. 105 WASHINGTON CO. Segment G Segment F-2 6 Segment H Segment F-1 45 362 ExxonMobil 321 Campus LIBERTY CO. Spring 59 Liberty Dayton 6 1960 159 249 WALLER CO. 1960 George Bush 290 Intercontinental Airport Segment i-1 146 99 90 AUSTIN CO. 36 529 8 362 6 HARRIS CO. HARRIS CO. 8 Katy Sealy Brookshire 610 10 330 99 10 Houston Baytown 225 1093 PARKWEST 610 Trinity COLORADO CO. Bay 723 Hobby Sugar Airport Land 90 36 8 146 WHARTON CO. 60 59 Galveston Bay A - Completed feasibility study FT. BEND CO. Region B - Environmental studies ongoing A C - Approved environmental document 6 45 F1 - Scheduled completion 2015 3 F2 - Scheduled completion 2015 36 G - Scheduled completion 2015 Segment C 288 H - EnvironmentalWsthuardtioens ongoing BRAZORIA CO. i1 - Environmental studies ongoing GALVESTON CO. Galveston 35 Segment B

© Cushman & Wakefield of Texas, Inc., 2013

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NEXT DOOR TO PROMINENT MEMORIAL HERMANN HOSPITAL

The dramatic increase in population has been the impetus for increased medical facilities in the Katy area. Adjacent to ParkWest Business Park is the Memorial Hermann Hospital, which recently announced a $85MM expansion that will include a six-story patient tower and a second professional building to meet the health care needs of families and children. In addition, the West Houston Methodist Hospital and the Texas Children’s Hospital (known as -West Campus) are located nearby. Both St. Lukes Methodist and the University of Texas MD Anderson System have purchased land with the intent to develop future facilities. On the south side of Interstate 10 is CHRISTUS St. Catherine Hospital, an acute care facility. Hospitals in the area see patients not only from Katy, but also from surrounding rural towns.

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ENERGY CORRIDOR

Less than five miles to the east of ParkWest Business Park is one of the nation’s premier employment centers, the Energy Corridor. Defined by its east-west boundary along Interstate 10 from the intersection at Kirkwood to just west of the intersection at Barker Cypress Road, the Energy Corridor is so called because it contains the headquarters locations and regional offices of prominent international energy and energy services firms including BP America, Shell Exploration and Production, ExxonMobil Chemical, ConocoPhillips, , Dow Chemical, PGS, and Mustang/Wood Group. Other, non‐energy, companies also have headquarters in the corridor including Cardinal Health Care Inc., Sysco Corporation, Gulf States Toyota, and Star Furniture. Overall, The Energy Corridor includes a population of over 20,000 and 84,000 jobs, of which the Katy area fuels many of these jobs. The Corridor contains nearly 23 million square feet of office space (of which 75% is Class A) and over 2.9 million square feet of retail. . y d a . R

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ENERGY CORRIDOR EMPLOYEES BY ZIP CODE

Less than 50 105 105

50-99 A large number 6 100-249 45 of residents in 250-499 249 59 500-999 the Katy area

1,000+ 290 work in the

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36 288

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ACROSS FROM MALL

Katy Mills Mall, an outlet shopping destination for the area, is located directly across from ParkWest Business Park. The Mall is home to 1.2 million square feet of retail space and more than 200 specialty shops, including an AMC Theater, Bass Pro Shops Outdoor World, Last Call Neiman Marcus, Saks Fifth Avenue OFF 5th, Bed Bath & Beyond, and American Eagle Outfitter.

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PARKWEST BUSINESS PARK NEIGHBORS

ParkWest Business Park is at the epicenter of robust activity, being in close proximity to the 750,000 square foot distribution center for the 99c Store; Costco, which is scheduled to open in the Spring 2014 and is expected to bring 200 jobs to the local area; the 129 acre, mixed-use Katy Ranch Crossing; Memorial Herman Hospital and its new six story patient tower and second professional building; the 215,000 square foot Walmart SuperCenter; and the Jack Rhodes Stadium, to the north, which seats 9,700 spectators.

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CITY OF KATY ParkWest Business Park sits adjacent to the city limits of Katy, Texas, which is located along Interstate 10 and just 20 minutes west of Houston. In relationship to Katy offers companies Houston, “Katy” generally refers not only to the land area and population base within Katy City Limits, but also to a broad area of unincorporated parts of and residents the Harris, Ft Bend and Waller Counties. The Katy Independent School Districts total enrollment, which is now approaching 65,000 students, underscores this gap benefits of proximity to between the populations of Katy city limits and the broader Katy area. urban amenities and The Katy area provides excellent opportunities in business, education, healthcare, recreation and living, and is often considered one of Houston’s most sought-out conveniences, access to suburban addresses. The area is served by Interstate 10 (Katy Freeway), which recently underwent a major reconstruction project significantly improving access to Metro Houston. Katy has grown rapidly over the last ten to fifteen year period, deep talent pools and paced by a strong public school system and abundant land for residential resources, and the development at a broad range of price points.

Katy’s growth is fueled by an abundant and talented population which is growing accessibility necessary five to six percent annually. In a recent survey of 400 Katy residents, 98% said they would recommend Katy as a place to live. Katy was also rated the Number One for the affordable Place in the for growth in the year 2010 by the Gadberry Group, a site selection consulting firm. movement of people,

The Katy area is served by a total of nine consecutive Interstate 10 exits. While goods and services. Katy itself has a limited office space supply, the eastern extremes of the Katy area anchor the western end of Houston’s prolific Energy Corridor office market, which contains nearly 23 million square feet in 163 buildings including nine under construction.

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HISTORICAL / PROJECTED KATY POPULATION AND PERCENT CHANGE (SINCE 1990)

500,000 350.0%

Change 1990-2018, 450,000 307.6% 300.0%

400,000 Change 1990-2012, 250.7% 250.0% 350,000 Change 1990-2010, 215.1% 300,000 200.0%

250,000

150.0% 200,000

150,000 Change 1990 - 2000, 100.0% 71.7% 100,000

50.0% 50,000

0 0.0% 1990 2000 2010 2011 2012 2013 2018

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OUTSTANDING SCHOOL DISTRICT

ParkWest Business Park is located within the Katy Independent School District, which encompasses 181 square miles. Katy ISD, with enrollment of nearly 65,000 students, has been a major catalyst for residential growth in this western suburb. This premier district, which now includes eight high schools, 35 elementary schools, and 13 junior high schools, is considered a top school district both in academics and in athletics. Jack Rhodes Memorial Stadium, the 9,700 seat home stadium of Katy I.S.D., is located on the west side of Katy-Ft. Bend Road.

The Woodlands 105 WASHINGTON CO.

6 MONTGOMERY CO. Brenham 45 362 321 Hempstead Spring 59 249 Liberty WALLER CO. Kingwood Dayton Waller 6 HARRIS CO. Tomball Klein 1960 159 Hockley 1960 George Bush LIBERTY CO. 290 Intercontinental Atascocita Airport 90 PARKWEST Cypress 146 Copperfield Jersey Crosby AUSTIN CO. 36 Village 529 8 Mont 362 6 HARRIS CO. Belview KATY 8 Sealy Brookshire Katy 610 10 10 I.S.D. 330 99 Houston Jacintoport 99 Galena Park Baytown 225 1093 Deer Trinity Fulshear 610 La Pasadena Park Bay COLORADO CO. Hobby Porte 723 Sugar Airport Land 36 Missouri 8 146 Richmond City Pearland 90 Rosenberg Friendswood Webster Galveston Bay 60 League FT. BEND CO. City 59 Manvel WHARTON CO. 6 45 70 3 Needville 288 Alvin BRAZORIA CO. Santa Fe Texas 36 City Wharton GALVESTON CO. Galveston 35

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KATY HOUSING

The Katy area is well known for its affordable housing options and was rated KATY AREA DEMOGRAPHICS (5-MILE RADIUS) the #2 Boomtown in the U.S. by Business Week Magazine for residential growth. Newcomers here find an abundance of new homes and diversity of 2013 Population (est) 111,116 housing options from which to choose. Several popular master planned communities have been developed in or near Katy, ranging from comfortable 2018 Population Growth (forecast) 13.74% single-family homes to million dollar estates. Multiple phases of Cinco Ranch – an 8,100 acre community – make up the largest of these master planned 2013 Average Household Income $103,553 communities with a current population approaching 20,000. 2013 Number of Households 36,753 Many of the other award winning, master planned communities include: Bridgeland, Wood Creek Reserve, , Firethorne, Cinco Ranch, 2018 Projected Household Growth 13.65% Cross Creek Ranch, and Seven Meadows. Other communities include: Hawks Landing.

HOUSING Katy, TX (77450) Katy, TX (77494) United States Median Home Age 12 7 33 Median Home Cost $171,130 $232,020 $183,450

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MAJOR AREA EMPLOYERS (TOP 25 BY EMPLOYMENT) BP North America Energy Katy ISD Education Mustang Engineering / Wood Energy Group Energy Katy Mills Retail Academy Sports & Outdoors Retail Conoco Energy Phillips 66 Energy Worley Parsons Engineering WalMart and Sam’s Club Retail Foster Wheeler Engineering Igloo Distribution and Manufacturing, Plastics LaCenterra Retail Memorial Hermann Katy Healthcare Sercel Manufacturing, Instrumentation Exxon Mobil Chemical Energy Schlumberger / Pathfinder Energy Energy HEB Foods Grocery Alliance Engineering Engineering CHRISTUS St. Catherine Healthcare Expro Americas Energy Northern Offshore Ltd. Energy Methodist West Houston Healthcare

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GREATER HOUSTON ECONOMIC OVERVIEW Houston’s regional economy has exhibited consistent relative strength for a period of years versus all major markets in the United States.

With 2,245,108 residents, Houston is the largest city in Texas and the 4th largest city in the United States behind New York, Los Angeles and Chicago. Houston’s ten-county, MSA now ranks 5th nationally, with over 6.2 million residents, having overtaken Philadelphia in recent months.

The Houston area’s population is highly concentrated in Harris County with over 4.2 million residents; however, several of the 10 counties that comprise the MSA are posting growth rates that ranked nationally in population growth between 200 and 2010, especially Ft. Bend County (63.2%) and Montgomery County (53.3%).

The City of Houston’s population increased by approximately 10.6% between 2000 and 2012, while the ten-county Houston MSA population grew by nearly 34%. KATY IS LOCATED IN FORT BEND, HARRIS, AND WALLER COUNTIES

• Throughout the 2007-2009 Financial Crisis, the Houston area demonstrated Houston Harris City of Year remarkable resilience in terms of employment, housing prices, retail sales and MSA County Houston stability. 2012 6,280,138 4,259,769 2,160,821 • Although the velocity of home sales slowed and prices moderated slightly for 2010 5,975,300 4,092,459 2,100,263 a few months, Houston was not a housing bubble participant, as the region’s 2000 4,669,571 3,400,578 1,953,631 core employment drivers boosted job creation at a time that domestic 1990 3,731,131 2,818,199 1,631,766 demand was lagging badly elsewhere. 1980 3,118,080 2,409,547 1,595,138 • World trade is among the area’s fastest growing sector and is related to 1970 2,181,315 1,741,912 1,233,505 nearly one-third of all the area’s jobs. Among U.S. seaports, the Port of 1960 1,581,117 1,243,158 938,219 Houston has ranked first in foreign tonnage for 16 consecutive years as of 2011, and second in total tonnage for 20 consecutive years.

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• Houston has more foreign consulates than any city in the Southwest and 4th largest number in the nation. • Houston is uniquely poised to capture the gains from a growing world, due to its gateway position to Latin America and its strength in energy. • According to a recent article in The Atlantic (Atlantic.com, May 28, 2013), the ten largest metro areas in the United States have recovered 98% of the jobs lost during the recession, on average. But Houston, the first major city to regain all the jobs lost in the downturn, has now added more than two jobs for everyone it lost after the 2007-2009 downturn.

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TEXAS MEDICAL CENTER The medical, academic and research institutions of the Texas Medical Center are Houston’s largest employer, with 54 institutions, 106,000 employees, and 7.2 million patients annually. The 1,345 -acre center is the world's largest medical complex with 7,000 beds in 14 hospitals. Over 33,150 full time and 75,000 part time students attend regular classes in 11 Texas Medical Center institutions, which include Baylor College of Medicine and M.D. Anderson Cancer Center.

Without question, the hub of Houston’s medical activity will remain in the Texas Medical Center campus, near and downtown. The Texas Medical Center now encompasses 46 million square feet of space in 290 buildings and has an annual budget of $3.4 billion for research alone.

The many high quality networks that anchor the Texas Medical Center are actively expanding patient access with this suburban build-out. No other suburban area has received a more concentrated share of this activity than the Katy area, along Interstate 10.

Thus far, the following Texas Medical Center systems have developed Energy Corridor facilities: Methodist West Houston Hospital and Texas Children’s Hospital, Memorial Hermann and CHRISTUS.

In addition St. Luke’s has purchased land in Katy in the southeast quadrant of the Interstate 10/Grand Parkway interchange, but has not yet developed. The University of Texas MD Anderson, has purchased +-35 acres between Eldridge Parkway and State Highway 6 for what could be a comprehensive delivery center.

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BUSH INTERCONTINENTAL AIRPORT Houston’s 10,000 acre Bush Intercontinental Airport (IAH) has been subject to continual improvements. The facility is one of six principal domestic hubs for United Airlines - the nation’s largest airline. From Bush IAH, United offers nonstop daily service to Tokyo, London, Amsterdam, Frankfurt and throughout Latin America, in addition to all major domestic destinations. Bush Intercontinental Airport is also one of the nation’s larger international airfreight hubs

Actual 2007 Actual 2008 Actual 2009 Actual 2010 Actual 2011 Actual 2012 All 42,979,207 43,173,478 40,007,354 49,653,817 40,187,442 39,890,756 Passengers Intl. 7,722,990 7,975,863 7,809,943 8,138,482 8,637,332 8,764,206 Passengers Freight (000 835,111 863,529 773,680 831,440 934,269 lbs.) The south side of the Houston area is served by William P Hobby Airport, which is a principle hub for Dallas-based Southwest Airlines, the nation’s 2nd largest carrier behind Delta with by 112.2 million passenger enplanements in 2012. Traditionally a domestic airport and a popular general aviation center for corporate aircraft, Hobby is now going to be the subject of a major expansion which in includes an international terminal.

Early in 2013, plans were announced to build a new parking garage at Hobby as well as and a new concourse, expanded terminal and roadway modifications to accommodate international flights. The project is scheduled over the course of more than two years, with 2015 set as the target date for international traffic.

During the terminal expansion, Southwest plans to build a new ticket counter, add six additional security checkpoint lanes, add five new arrival and departure gates and add a new Federal Inspections Services facility for international travelers to go through Customs and Border Protection. The FIS facility itself will have its own baggage claim, 16 passport inspection stations and allow for 400 to 800 passengers to travel through it during peak hours.

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HOUSTON AREA EMPLOYMENT

HISTORICAL PERSPECTIVE • Since the early 1990s, Houston’s employment growth has typically exceeded that of the nation, sometimes by more than 1.0 percentage point. • As of April 2013, Houston area unemployment rate was 6.6% versus the nation’s unemployment rate of 7.6%. • Houston’s unemployment rate bottomed at 3.8% in April 2008. Houston’s unemployment rate experienced its cyclical peak in January 2011 at 8.8%. • Total nonfarm employment in the Houston MSA stood at 2,682,000 in April 2013, up 89,500 from one year earlier. • Among the nation’s 12 largest MSAs, the Houston area’s rate of job growth surpassed all others and was the only one in excess of 3.0%.

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REASONS FOR RELATIVE STRENGTH

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CONTACT INFORMATION Cushman & Wakefield of Texas, Inc. 1330 Post Oak Boulevard, Suite 2700 Houston, Texas 77056

DAVID L. COOK, SIOR, CRE

Direct: 713.963.2888 [email protected]

JEFF G. PEDEN, SIOR

Direct: 713.963.2880 [email protected]

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