theGalleria
WILLIAMS TOWER
LAKES ON POST OAK
MANHATTAN 3009 POST OAK CONDOMINIUMS THE PLAZA ON RICHMOND BROADSTONE POST OAK APARTMENTS GALLERIA OAKS RICHMOND AVENUE FUTURE APARTMENTS MIXED-USE POST OAK BOULEVARD DEVELOPMENT
IH 610 | WEST LOOP FREEWAY
RICHMOND SQUARE
RICHMOND SQUARE HOUSTON, TEXAS | EXECUTIVE SUMMARY Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp., a Texas licensed real estate broker (“HFF”). | RICHMOND SQUARE The Gateway to the Galleria
Aerial View Facing Northeast
KEY Employment 1 Lakes on Post Oak
22 2 3009 Post Oak - Alliantgroup HQ 23 MEMORIAL DR 3 Williams Tower - Hines HQ 20 4 Post Oak Central 5 Four Oaks Place- BHP Billiton HQ 11 6 6 Amegy Bank HQ 5 15 19 Mixed-Use 9 10 7 Galleria 3 4 14 8 Proposed Mixed Use 18 9 River Oaks District 13 10 BLVD Place- Whole Foods 11 Uptown Park 2 Retail 21 12 The Plaza on Richmond 7 13 Centre at Post Oak POST OAK BLVD 17 14 Post Oak Center
15 Highland Village - Central Market Residential 1 8 16 Lamar Terrace ($550K - $1.8M) 17 Manhattan Condos ($600K-$1.6M) 12 18 Afton Oaks ($500K-$3.5M) 19 Tanglewood ($750k - $6.2M) RICHMOND AVE 16 20 River Oaks ($1.6M-$17M) Points of Interest RICHMOND SQUARE SAGE RD 21 Gerald D. Hines Waterwall Park 22 Memorial Park
23 River Oaks Country Club PROPERTY OVERVIEW
Address: 5005 - 5133 Richmond Ave In-Place Occupancy 100.0% Houston, TX 77056 Traffic Counts Richmond Ave.: 48,500 VPD Location: Richmond at I-610 I-610: 317,000 VPD Year Built 1989 Total: 365,500 VPD Net Rentable Area 88,446 SF Tenants Best Buy, Cost Plus World Market, Mattress One, Luggage and Leather Land Area 7.097 Acres Financing Free and Clear of Debt
100% occupied retail center in Houston’s highest performing retail submarket that has an overall occupancy of 99.8% SITE PLAN
SOUTH POST OAK % of Lease Tenant NRA Property Expires RICHMOND AVENUE | 48,500 VPD Cost Plus World Market 19,987 22.6% 7/1/2021 Mattress One 2,400 2.7% 1/1/2019
LUGGAGE Luggage & Leather 7,738 8.7% 3/1/2022 AND LEATHER 7,738 SF Best Buy 58,321 65.9% 11/1/2021 610 F R O M I - 6 9 88,446 100.0% 19,987 SF 2,400
ROW TAKING / NAP
D A O R E U C C M
317,000 VPD 58,321 SF
SOUTHWEST FREEWAY FEEDER
WESTPARK TOLLWAY EXIT
T O I - 6 9 UPTOWN BUS RAPID TRANSIT PROJECT
The Uptown Development Authority (Uptown) is building a Bus Rapid Transit (BRT) project on Post Oak Blvd. to deliver transit service from Westpark to the Northwest Transit Center (NWTC)
W 610 h ite O ak B a y Bus Station o u BRT Route MEMORIAL PARK
TANGLEWOOD TC Northwest Transit Center
West Loop (IH-610)
610 Elevated Dedicated Bus Lanes Uptown Houston
S A N F E L I P E S T R E E T Post Oak Blvd Dedicated Bus Lanes
69
69 Bellaire/Uptown TC Transit Center
METRO BRT effect on Richmond Square SAGE ROAD
WESTHEIMER ROAD
GALLERIA
W E S T A L A B A M A S T R E E T ARD
AFTON OAKS POST OAK BOULEV
RICHMOND AVENUE
59
59 WESTPARK DRIVE HOUSTON’S MOST SUCCESSFUL Galleria/Uptown Park Area Amenities Map “Live,Work, Play” ENVIRONMENT The Galleria/Uptown District is Houston’s premier area of urban sophistication, international style, and cosmopolitan energy. It is an unrivaled mixed-use destination with 500 densely-populated acres of prime real estate in Central Houston.
Galleria/Uptown is city’s preeminent, upscale shopping district, its biggest hotel district, one of the largest business districts in the nation, and a world-renowned tourist destination.
The business district is ranked 15th in the US in terms of office space, comparable in size to the downtowns of Pittsburgh and Denver.
More than 200,000 international business professionals, fashionistas, city dwellers and tourists from around the globe converge in the area daily and more than 30 million visitors annually. Demographics
Category 1-Mile 3-Mile 5-Mile Population 25,294 212,711 510,388 2010 Population 21,334 191,129 457,858 Growth Since 2010 18.6% 11.3% 11.5% Expected Growth (5 Years) 10.1% 7.5% 7.4% Avg. HH Income $116,308 $128,640 $119,841 Median Home Value $487,741 $623,322 $426,651
MEMORIAL DR
MEMORIAL VILLAGES
MEMORIAL DR
WOODWAY DR 610 MEMORIAL 3 MILE PARK TANGLEWOOD RD
RIVER OAKS COUNTRY CLUB TANGLEWOOD
SAN FELIPE ST RIVER OAKS
SAN FELIPE ST SAGE RD SAGE AVALON RIVER OAKS BLVD RIVER OAKS CHIMNEY ROCK RD
POST OAK BLVD OAK POST PLACE WILLOWICK RD WILLOWICK
WESTHEIMER RD RIVER OAKS PARK UPTOWN/ 610 I MILE GALLERIA WESTHEIMER RD ALABAMA ST WESLAYAN ST WESLAYAN BUFFALO SPEEDWAY BUFFALO AFTON EDLOE ST EDLOE PLACE
RICHMOND AVE LEVY PARK RICHMOND AVE
69 69
WESTPARK DR 69 EDLOE ST EDLOE
610 WEST UNIVERSITY SPEEDWAY BUFFALO GLENMONT DR S RICE AVE BISSONNET ST BELLAIRE PIN OAK PARK PLACE INVESTMENT SALES
DAVIS ADAMS RYAN WEST JOHN INDELLI Managing Director Senior Managing Director Associate (713) 852-3558 (713) 852-3535 (713) 852-3407 [email protected] [email protected] [email protected]
STERLING CURRY CHARLIE STRAUSS Real Estate Analyst Real Estate Analyst (713) 852-3452 (713) 212-6574 [email protected] [email protected]
DEBT INQUIRIES
WALLY REID Senior Managing Director (713) 852-3497 [email protected]
9 Greenway Plaza Suite 700 Houston, TX 77046 www.hfflp.com
Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, “HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF and its affiliates operate out of 24 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment sales, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.
HFF has been engaged by the owner of the property to market it for sale. Information concerning the property described herein has been obtained from sources other than HFF, and neither Owner nor HFF, nor their respective equity holders, officers, employees and agents makes any representations or warranties, express or implied, as to 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. 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 disclaim any liability that may be based upon or related to the information contained herein. Prospective purchasers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change.