™
WEST PLANO, TEXAS
CPD (±17 Miles)
President Geor ge Bus h Toll Road (±158,000 VPD)
International Business Park Coming Soon
) (±165,750 VPD WAY TOLL RTH AS NO DALL
PARK BOULE V ARD (±80,000 VPD )
OFFERING MEMORANDUM 6320 W Plano Parkway | Plano, TX 75093 Hobby Lobby | Plano, TX
) VPD 750 Y (±165, LLWA H TO ORT AS N DALL
International Business Park
*
EXCLUSIVELY
PATRICK TOOMEY FVP, SENIOR DIRECTOR Y SHOPPING CENTERS A W DIRECT +1.310.919.5765 K MOBILE +1.310.403.4984 R [email protected] A P KYLE MATTHEWS O CHAIRMAN AND CEO
DIRECT +1.919.5757 MOBILE +1.310.622.3161 PLAN [email protected] W BROKER OF RECORD Mark Cohen Mathews RetailDIRECT Advisors +1.972.991.9590 [email protected] *Under construction License No. 447509 2 Anticipated opening: August 2016
™ Offering Memorandum
WEST PLANO, TEXAS
TABLE OF CONTENTS
4 EXECUTIVE SUMMARY 6 PROPERTY OVERVIEW 10 AREA OVERVIEW INVESTMENT HIGHLIGHTS SITE DESCRIPTION PLANO, TEXAS TENANT SUMMARY REGIONAL MAP DALLAS/FORT WORTH TENANT MAP TOP EMPLOYERS DEMOGRAPHICS DALLAS, TEXAS 18 FINANCIAL OVERVIEW 21 TENANT OVERVIEW LEASE ABSTRACT HOBBY LOBBY OVERVIEW
Mathews Retail Advisors 3 Hobby Lobby | West Plano, TX
*Representative Photo EXECUTIVE SUMMARY
4 Mathews Retail Advisors Offering Memorandum
EXECUTIVE SUMMARY INVESTMENT HIGHLIGHTS List Price $12,000,000 • Net Lease – limited landlord responsibilities
Gross Leasable Area 54,370 SF • Brand new construction, and new fifteen (15) year lease with increases every five (5) years
CAP Rate - Current 5.50% • Located in a highly successful Home Depot/PetSmart shadow anchored project adjacent to the Dallas North Tollway with more than 165,750 cars per day Year Built 2016 • Directly across the street from the Starwood’s Shops At Willow Bend, a premier 1.2 million SF Lot Size ±4.27 Acres (±185,130 SF) super-regional mall anchored by Neiman Marcus, Macy’s, and Dillard’s, presently undergoing a $100 million redevelopment
• Strong retail synergy with surrounding tenants including: Costco, The Home Depot, Walmart, Bed Bath and Beyond, Super Target, PetSmart, Neiman Marcus, Macy’s, Dillard’s, Crate & TENANT SUMMARY Barrel, Michaels and more
Tenant Hobby Lobby • Located in Plano, TX, one of Texas’ wealthiest communities, with more than 322,773 people Lease Type NN within 5 miles, with average household income exceeding $101,607, and home to many Roof and Structure Landlord Responsible corporate headquarters, including Toyota Motors USA, Dell Services, Dr. Pepper Snapple Original Lease Term 15 Years Group, Frito-Lay, and JC Penney
Commencement Date (est)* Aug - 2016* • Adjacent to the International Business Park, a 300-acre master-planned Ofce Park Lease Expiration Date (est)* July - 2031 anticipated to bring 1.4 million square feet of ofce space and more than 3,000 jobs Increases $0.50 PSF Every Five (5) Years • Plano is part of the Dallas-Ft. Worth Metroplex, the largest MSA in Texas and an economic Options Three (3), Five (5) Year Options powerhouse, with a population of more than 7.1 million and a GDP in excess of $504 billion Rent Schedule • Hobby Lobby is being ofered debt-free, allowing the purchaser to acquire the property all 10/2016-9/2021 $657,877 ($12.10 PSF) cash, or to place new financing at historically low rates 10/2021-9/2026 685,062 ($12.60 PSF) 10/2016-9/2031 $712,247 ($13.10 PSF)
* Property is under construction with an estimated opening/rent com- mencement date of August 2016.
Executive Summary 5 Hobby Lobby | West Plano, TX
*Representative Photo PROPERTY OVERVIEW
6 Mathews Retail Advisors Offering Memorandum
SITE DESCRIPTION 5 2 > > 2 E @ A Property Name Hobby Lobby D F : F A > >I 2K Address 6320 W Plano Pkwy
Location Plano, TX 75093 APN 207-3741 Zoning RC, Regional Commercial District Number of Stores One Year Built 2016 K 2
I Gross Leasable Area (GLA) ±54,370 SF = D
2 B Lot Size ±4.27 Acres (185,130) SF A
@
2 Type of Ownership Fee Simple > B Parking Shared Via REA I Landscaping Professional Topography Flat &Generally Level
Property Overview 7 Hobby Lobby | West Plano, TX
REGIONAL MAP
SITE INFORMATION The subject property is located at the southeast corner of West Plano Parkway and West Park Boulevard in one of the nation’s most afuent and fastest-growing suburban markets. It is situated just north of the Dallas North Tollway and President George Bush Turnpike, where more than 86 million vehicles travel annually. The robust demographics of the region has attributed to the growth of the area, as there is a population of 346,785 with an average household income of $101,607 within a 5 mile radius.
8 Mathews Retail Advisors LOCAL MAP Offering Memorandum
TENANT MAP THE “$5 BILLION MILE”
FRISCO SAM RAYBURN TOLLWAY
D AL LAS NO RTH 125 Stores TO LLW Total Retail Floor Area AY ( ±165,750 1,391,000 SF V PD)
VARD 80,000 VPD PARK BOU LE
W PLA
FUTURE
N INTERNATIONAL BUSINESS PARK O
P A R K W A Y
Property Overview 9 Hobby Lobby | West Plano, TX
PLANO, TX The City of Plano, located in Collin County, has a population of over 271,000, making it the ninth most populous city in the state of Texas, and the 70th most populous city in the United States. Plano is located within the Dallas–Fort Worth Metroplex, and its fourth largest city.
Plano is home to many corporate headquarters including Alliance Data, Cinemark Theatres, Dell Services, Dr. Pepper Snapple Group, Ericsson, Frito- Lay, HP Enterprise Services, Huawei, J. C. Penney, Pizza Hut, Rent-A-Center, Traxxas, Siemens PLM Software, and Toyota Motors USA.
In 2005, 2006, and 2011, Plano was designated the best place to live in the Western United States by CNN Money magazine. It was also selected as the safest city in America in 2010 and 2011 by Forbes. Plano schools consistently score among the highest in the nation. Plano was rated the 10th Best Suburb for Education in the Nation in 2014 due to having one of the lowest student- teacher ratios (14 to 1), a high school graduation rate of 94 percent and some of the highest test scores in the nation. The United States Census Bureau declared Plano the wealthiest city of 2008 by comparing the median household income for all U.S. cities whose populations were greater than 250,000.
Toyota announced in 2014 that its U.S. headquarters will move to Plano, Texas, bringing as many as 5,000 employees to their $300 million facility. The 100- acre campus is scheduled to be completed in the first quarter of 2017
FORTUNE 1000 HEADQUARTERS
# COMPANY 1 Toyota Motors USA 2 J.C. Penny 3 Dr. Pepper Snapple Group 4 Alliance Data Systems 5 Rent-A-Center 6 Cinemark Holdings AREA OVERVIEW 7 Denbury Resources
10 Mathews Retail Advisors Offering Memorandum
PLANO TOP EMPLOYERS WHY PLANO, TEXAS? • No personal or corporate income tax in Texas # EMPLOYERS EMPLOYEES • City of Plano has a “AAA” bond rating 1 Capital One Finance 5,500 • More than 3.6 million reside in the DFW MSA 2 Bank of America Home Loans 3,400 • More than 180,000 students are enrolled in four-year universities, resulting 3 Hewlett Packard Enterprise 3,250 in a strong pipeline of college graduates from 25 universities in the region 4 Ericsson 3,020 • North Texas grows by one person every 5 minutes, or 2,016 every week 5 Frito Lay 2,500 • WalletHub named Plano the 2nd Best City for Families (2015) 6 Dell Services 2,250 • 55% of Plano’s adults have a bachelor’s degree or higher (nearly twice the 7 JC Penney 2,420 U.S. average) • Texas is a right-to-work state • Plano was named the 4th hottest zip code for real estate in America by DEMOGRAPHICS Yahoo.com (2015) • Plano was named one of the Top 100 Places to Live for 2016 according to POPULATION 1 Mile 3 Miles 5 Miles Livability.com 2021 Projection 7,761 143,629 346,785 • Forbes magazine ranked Plano America’s Safest City for the second year 2016 Estimate 7,328 133,777 322,773 in a row (2015) 2010 Census 6,875 121,455 292,083 • Located roughly 30 miles northeast of DFW International Airport, the third Growth 2016 - 2021 5.91% 7.36% 7.44% busiest airport in the world Growth 2010 - 2016 6.58% 10.15% 10.51% HOUSEHOLDS 1 Mile 3 Miles 5 Miles 2021 Projection 4,076 68,695 155,959 2016 Estimate 3,819 63,630 144,357 2010 Census 3,533 57,074 129,043 2000 Census 2,858 49,802 110,175 Growth 2016 - 2021 6.72% 7.96% 8.04% Growth 2010 - 2016 8.09% 11.49% 11.87% INCOME 1 Mile 3 Miles 5 Miles 2016 Est. Average $97,212 $99,916 $101,607 Household Income
Area Overview 11 Hobby Lobby | West Plano, TX
President Geor ge B ush Toll R oad (±158,000
VPD)
) AY (±165,750 VPD RTH TOLLW DALLAS NO
)
VPD International Business Park 58 Businesses - Over 3,000 employees Coming Soon
80,000
(±
D
R
A
V
BOULE
ARK
P
INTERNATIONAL BUSINESS PARK International Business Park (IBP) is a 300 acre ofce park that will encompass five million square feet of ofce space when fully built out. With both ofce and build-to-suit developments, IBP which will be situated directly next to the Subject Property, and will create more than 3,000 jobs.
LOCATION AMENITIES International Business Park is situated at the IBP includes a health club, dining facilities, central 1.2 MILLION SF epicenter of Dallas’ coveted Platinum Corridor on gardens, gas grills, picnic tables, sports courts, OF OFFICE SPACE CURRENTLY DEVELOPED acreage adjacent to George Bush Turnpike and food service and available external laptop power the North Dallas Tollway. points. 58 BUSINESSES OVER 3,000 EMPLOYEES IBP is also conveniantly located just 20 miles The ofce park has a commitment to green from the heart of Downtown Dallas and the DFW practices such as energy conservation, 30 STORES Airport, and has immediate access to the 190 sustainability, and also features a recycling AND RESTUARANTS George W. Bush TOll ROad & Dallas North Tollway. program.
12 Mathews Retail Advisors Offering Memorandum
THE SHOPS AT WILLOW BEND $100 MILLION REDO: HOTEL, OFFICE TOWER & ENTERTAINMENT The subject property is located directly across the street from one of the premier regional malls in all of the DFW metroplex. The Shops at Willow Bend is located in the bull’s eye of one of the nation’s most afuent and fastest growing suburban markets.
The Shops at Willow Bend is an upscale shopping mall located in Plano, Texas, with over 125 stores and three main anchors. The mall is located at the intersection of West Park Blvd and the Dallas North Tollway in West Plano, directly across from the subject property. Featuring a high performing Macy’s and Dillards, The Shops at Willow Bend consists of 1.2 million square feet of retail space and 6,800 parking spaces.
Major additions will include a class A ofce tower, a hotel and an entertainment district with six to eight restaurants. Also, an additional 104,720 square feet of retail/restaurant space will be added, and to the new east entrance The Room, a restaurant/entertainment district unlike anything else in north Dallas. The first phase of the work will be completed in 2017 and the total project completed in 2019.
LEGACY WEST Legacy West is a dynamic 250-acre mixed-use development which is underway at the southwest corner of the Dallas North Tollway and State Highway 121.
The project will consist of corporate ofce space, a 303-room Renaissance Hotel, a 335,000+ SF high-end shopping center with restaurants and other retail uses, 800 apartment homes, 126 single-family villas and a 24-story condo tower. The 6.5 million square foot Legacy West will be home to the headquarters complex for FedEx Ofce, Toyota’s North American Headquarters and a regional facility for Liberty Mutual Insurance. J.P. Morgan Chase has also recently joined the mix with plans to develop a major campus of their own.
Within two years, more than 15,000 people will be working in the Legacy West project, which is just four miles from the subject property, making it one of the largest new job centers in the state.
Area Overview 13 Hobby Lobby | West Plano, TX
DALLAS/FT. WORTH The Dallas-Fort Worth Metroplex is the largest 1st 5th MSA in Texas and the South, and , the fourth most Largest MSA in Texas Largest Gross Metropolitan Product in the US populous MSA in the United States. The city’s prominence arose from its historical importance 1st 10th as a center for the oil and cotton industries, and Largest MSA in the South Largest Gross Metropolitan Product in the World its position along numerous railroad lines.
ECONOMIC OVERVIEW Dallas is the largest economic center of the 12-county Dallas–Fort Worth–Arlington metropolitan area (commonly referred to as DFW), which had a population of 7.1 million as of July, 2015. In 2014, the metropolitan economy surpassed Washington, DC to become the fifth largest in the United States, with a 2014 real GDP of more than $504 billion. In 2013, the metropolitan area led the nation with the largest year-over-year increase in employment and advanced to become the fourth-largest employment center in the nation. The city’s economy is primarily based on banking, commerce, telecommunications, technology, energy, healthcare and medical research, and transportation and logistics.
14 Mathews Retail Advisors Offering Memorandum
The Dallas–Fort Worth (DFW) Metroplex spans 8,991 square miles over 13 Texas counties, and is the economic and cultural hub of the region and is the largest land-locked metropolitan area in the United States.
The DFW Metroplex contains approximately 7.1 million people, making it the largest metropolitan area in Texas, in largest in the South, and the fourth-largest in the United States. It has the fifth largest gross metropolitan product (GMP) in the United States, and approximately tenth largest by GMP in the world.
The cities of Dallas and Fort Worth are the two central cities of the Metroplex, with Arlington being a third economically important city; it is a center for sporting events, tourism and manufacturing. Most other incorporated cities in the Metroplex are “bedroom communities” serving largely as residential and small- business centers, though there are several key employers in these regions.
CORPORATE HEADQUARTER HUB Dallas and its suburbs have one of the highest concentrations of corporate i2, AT&T, Alcatel-Lucent, Ericsson, CA and Verizon. On the other end of the headquarters in the United States. Business management and operations is a business spectrum, the Texas farming and ranching industry is based in Fort major part of the economy. The Metroplex also contains the largest Information Worth. Several major defense manufacturers, including Lockheed Martin, Technology industry base in the state (often referred to as Silicon Prairie or Bell Helicopter Textron, and Raytheon, maintain significant operations in the the Telecom Corridor.) This area has a large number of corporate IT projects Metroplex. ExxonMobil, the #2 corporation on the Fortune 500 listings, is and the presence of numerous electronics, computing and telecommunication headquartered in Irving, Texas, and Toyota of America announced final plans to firms such as Texas Instruments, HP Enterprise Services, Dell Services, Nokia, relocate its corporate headquarters to the city of Plano, Texas.
TOP 7 MAJOR EMPLOYERS IN THE DALLAS- FORT WORTH METROPLEX # EMPLOYER EMPLOYEES 1 AMR Corporation (American Airlines) 24,700 2 Bank of America Corp. 20,000 3 Texas Health Resources, Inc. 19,230 4 Dallas ISD 18,314 5 Baylor Health Care System 17,097 6 AT&T 15,800 7 Lockheed Martin Aeronautics Co. 14,216
Area Overview 15 Hobby Lobby | West Plano, TX
MARKET OVERVIEW - DALLAS/FT. WORTH RETAIL The subject property is located at the confluence of five strong submarkets within the Dallas/Ft. Worth Retail market. These five submarkets – Addison, Central Plano, Far North Dallas, North Carrollton and West Plano – have an average vacancy rate of 6.1% and an average quoted rental rate of $17.62/sf.
The table below depicts first quarter 2016 market statistics for the submarkets. The Dallas/Ft. Worth Retail market as a whole ended the first quarter 2016 with a vacancy rate of 5.8%. The vacancy rate was down slightly over the previous quarter, with net absorption totaling positive 1,599,843 square feet in the first quarter. Average quoted rental rates ended the first quarter at $15.02 per square foot per year, an increase over the previous quarter. A total of 70 buildings delivered to the market in the quarter totaling 1,153,098 square feet, with 3,973,893 square feet still under construction at the end of the quarter.
16 Mathews Retail Advisors Offering Memorandum
SPORTS The Metroplex is one of the twelve American metropolitan areas that has a team in each of the four major professional sports leagues. Major professional sports first came to the area in 1960, when the Dallas Cowboys began competing in the National Football League and the Dallas Texans began competing in the American Football League. In 1972, Major League Baseball’s Washington Senators moved to Arlington to become the Texas Rangers, named after the statewide law enforcement agency. The National Basketball Association expanded into North Texas in 1980 when the Dallas Mavericks were added to the league. The fourth sport was added in 1993 when the Minnesota North Stars of the National Hockey League moved to Dallas, becoming the Dallas Stars.
The Major League Soccer team FC Dallas is also based in the Metroplex, as are the Dallas Wings of the WNBA. The area is also home to many minor- league professional teams, and four colleges that compete in NCAA Division I athletics. The Metroplex has hosted many premiere sports events on both an annual and one-time basis.
MAJOR PROFESSIONAL SPORTS TEAM CLUB SPORT LEAGUE VENUE
Dallas Cowboys Football NFL AT&T Stadium
Globe Life Park in Texas Rangers Baseball MLB Arlington American Airlines Dallas Mavericks Basketball NBA Centers American Airlines Dallas Stars Hockey NHL Center
FC Dallas Soccer MLS Toyota Stadium
Dallas Wings Basketball WNBA College Park Center
Area Overview 17 Hobby Lobby | West Plano, TX
DALLAS
Addison Airport
President George Bush Toll Road (±158,000 VPD)
FUTURE INTERNATIONAL BUSINESS PARK
) D P V 0 5 ,7 5 16 (±
Y A LW L O T TH OR N AS LL DA
125 Stores Total Retail Floor Area 1,391,000 SF FINANCIAL OVERVIEW
18 Mathews Retail Advisors Offering Memorandum
LEASE ABSTRACT
Tenant: Hobby Lobby Stores, Inc., an Oklahoma corporation
Tenant Trade Name: Hobby Lobby
Guarantor: N/A
Address: 6320 W. Plano Parkway Plano, Texas 75093
Parcel Site: 4.25 AC
GLA: 54,370 SF
Date of Lease: July 23, 2015
Rent Commencement: September 1, 2016 (estimated)
Lease Expiration: August 31, 2031 (estimated)
Lease Term (Years): 15
Renewal Options: Three (3) Five (5) year options
Current Rent: Years 1-5 $657,877
Years 6-10 $685,062 primary term, lease years 6-10 Rent Increases: Years 11-15 $712,247 primary term, lease years 11-15 Option 1 (16-20) $733,995 first renewal term, lease years 16-20 Option Rent Option 2 (21-25) $761,180 second renewal term, lease years 21-25 Option 3 (26-30) $788,365 third renewal term, lease years 26-30
Taxes: Tenant pays directly.
CAM: Tenant to maintain all of the Common Area within Landlord's Parcel.
-Tenant to maintain and repair HVAC, plumbing, electrical, water, sewer and other utility lines, guttering, doors and Maintenance and Repairs: windows of the Leased Premises. -Landlord to maintain and repair the roof system of the Leased Premises. -Landlord to maintain commercial general liability insurance with combined single limit per occurrence of not less than $3,000,000, and worker's compensation insurance. -Tenant to maintain all risk (special form) commercial property insurance with limits sufcient to replace 100% of the Insurance: Common Area and Leased Premises; commercial general liability insurance with combined single limit of not less than $3,000,000; property insurance covering Tenant's Personal Property; and workers' compensation insurance. -Tenant has the right to self-insure provided Tenant maintains a net worth of seventy-five million dollars ($75,000,000). -Landlord shall furnish and maintain utility service lines serving the Leased Premises, and backflow preventers required outside the Leased Premises. Utilities: -Landlord shall provide separate primary meters to measure Tenant's Utilities usage. -Tenant pays all charges for Tenant's Utilities. Property is currently under construction; anticipated rent commencement date is 10/01/2016; Seller to credit any rent Note shortfall between closing of escrow and actual rent commencement date; please contact listing broker for details.
Financial Overview 19 LEWISVILLE LAKE
) 0 VPD (±158,00 International Business Park Road Coming Soon Toll ush DALLAS NORTH TOLLWAY (±165,750 VPD) George B
20 Mathews Retail Advisors Offering Memorandum
WEST PLANO, TEXAS
TENANT OVERVIEW HOBBY LOBBY Hobby Lobby is an American chain of retail arts and crafts stores based in Oklahoma City. Ranked as the #3 craft and fabric retailer across more than 45 Tenant Hobby Lobby states, the company operates more than 600 stores that sell arts and crafts supplies, baskets, beads, candles, frames, home-decorating accessories, silk Company Name Hobby Lobby Stores, Inc.
flowers, etc. Ownership Private
GEOGRAPHIC REACH Revenue $3.7 B Based in Oklahoma City. Hobby Lobby operates retail shops nationwide under No. of Locations ±670 the banners Hobby Lobby, Mardel, and Hemispheres. It sources some of its 67,000 products from Europe and Asia. The company maintains an onsite No. of Employees ±28,000 manufacturing plant in Oklahoma that makes store fixtures, candles, scented products, art canvases, and picture frames. The facility also features product- Headquartered Oklahoma City, OK packaging capabilities. Web Site http://www.hobbylobby.com/
STRATEGY Year Founded 1972 One of America’s largest private companies, fast-growing Hobby Lobby has been busy expanding its network of stores, which average 55,000 SF. It’s extending Source: hoovers.com its reach into Oregon, Vermont, and Minnesota, to supplement recently added stores in Virginia, Wisconsin, Kansas, California, and New York.
Tenant Overview 21 Hobby Lobby | West Plano, TX
CONFIDENTIALITY AND DISCLAIMER STATEMENT
This Offering Memorandum contains select information pertaining to the business and affairs of Hobby Lobby located at 6320 W Plano Pkwy. Plano, TX 75093 (“Property”). It has been prepared by Matthews Retail Advisors. This Offering Memorandum may not be all-inclusive or contain all of the information a prospective purchaser may desire. The information contained in this Offering Memorandum is confidential and furnished solely for the purpose of a review by a prospective purchaser of the Property. It is not to be used for any other purpose or made available to any other person without the written consent of Seller or Matthews Retail Advisors. The material is based in part upon information supplied by the Seller and in part upon financial information obtained from sources it deems reliable. Owner, nor their officers, employees, or agents makes any representation or warranty, express or implied, as to the accuracy or completeness of this Offering Memorandum or any of its contents and no legal liability is assumed or shall be implied with respect thereto. Prospective purchasers should make their own projections and form their own conclusions without reliance upon the material contained herein and conduct their own due diligence.
By acknowledging your receipt of this Offering Memorandum for the Property, you agree:
1. The Offering Memorandum and its contents are confidential;
2. You will hold it and treat it in the strictest of confidence; and
3. You will not, directly or indirectly, disclose or permit anyone else to disclose this Offering Memorandum or its contents in any fashion or manner detrimental to the interest of the Seller.
Owner and Matthews Retail Advisors expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to purchase the Property and to terminate discussions with any person or entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until a written agreement for the purchase and sale of the Property has been fully executed and delivered.
If you wish not to pursue negotiations leading to the acquisition of the Property or in the future you discontinue such negotiations, then you agree to purge all materials relating to this Property including this Offering Memorandum.
A prospective purchaser’s sole and exclusive rights with respect to this prospective transaction, the Property, or information provided herein or in connection with the sale of the Property shall be limited to those expressly provided in an executed Purchase Agreement and shall be subject to the terms thereof. In no event shall a prospective purchaser have any other claims against Seller or Matthews Retail Advisors or any of their affiliates or any of their respective officers, Directors, shareholders, owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing or sale of the Property.
This Offering Memorandum shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the state of affairs of the Property since the date this Offering Memorandum.
22 Mathews Retail Advisors Offering Memorandum
™
PATRICK TOOMEY FVP, SENIOR DIRECTOR SHOPPING CENTERS
DIRECT +1.310.919.5765 MOBILE +1.310.403.4984 [email protected]
KYLE MATTHEWS CHAIRMAN AND CEO
DIRECT +1.919.5757 MOBILE +1.310.622.3161 [email protected]
BROKER OF RECORD Mark Cohen DIRECT +1.972.991.9590 [email protected] License No. 447509
OFFERING MEMORANDUM 6320 W Plano Pkway. | Plano, TX 75093