Mission Bend
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WESTCHASEBELLAIRE BLVD MISSION BEND BEECHNUT ST Bank of America SITE 24,044 CPD BISSONNET ST 11,703 CPD 11,703 ELDRIDGE PKWY ELDRIDGE MISSOURI CITY W BELLFORT AVE SUGAR LAND 30.4 AND 4.59 ACRES AT BISSONNET & ELDRIDGE HOUSTON, TX | PRICE TBD BY MARKET OFFER PROCESS Exclusive Representation ARA has been exclusively retained to represent the seller in the disposition of ±30.4 and ±4.59 acres at Bissonnet Street and Eldridge Parkway in Houston, Texas. All inquiries about the property should be directed to ARA. TABLE OF CONTENTS PROPERTY OVERVIEW....................................3 Due Diligence Information Details..............................................................3 To access the due diligence information please visit the property website at: arausa.listinglab.com/BissonnetAtEldridge Tax Rates..........................................................4 Contacts AREA HIGHLIGHTS..........................................5 HOUSTON MARKET OVERVIEW................. 8 ARA CENTRAL Tim Dosch David Marshall Tom Dosch Clark Dalton APPENDIX...........................................................10 LAND DIVISION [email protected] [email protected] [email protected] [email protected] Information on Brokerage Relationships..... 10 675 Bering Drive T 713-425-5431 T 713-425-5415 T 713-599-1606 T 713-425-5411 Disclaimer.........................................................11 Suite 500 M 713-459-8123 M 713-206-1574 M 713-557-4455 M 832-449-2223 Houston, TX 77057 T 713-599-1800 F 713-599-1801 Springwoods Village OVERVIEW PROPERTY INFORMATION PROPERTY PROPERTY DETAILS LOCATION NWC and NEC of Bissonnet St and Eldridge Pkwy TOTAL ACRES ±34.99 Bissonnet St: 1,552 ft FRONTAGE Eldridge Pkwy: 1,645 ft UTILITIES Available BELLAIRE BLVD PARCEL ID 0471420000009, 0471420000052 LAT/LONG 29.681727, -95.624382 SCHOOL DISTRICT Alief ISD Accessible location surrounded by retail and residential development BEECHNUT ST - 24,044 CPD on Bissonnet Rd and 11,703 CPD on Eldridge Pkwy - Over 1,500 feet of frontage on both Bissonnet Street and Eldridge Parkway - Less than one mile from Highway 6 Bank of America - Estimated population of 186,171 within three miles SITE 24,044 CPD BISSONNET ST 11,703 CPD 11,703 ELDRIDGE PKWY ELDRIDGE W BELLFORT AVE 3 OVERVIEW PROPERTY 2014 TAX RATES PROXIMITY TO AREA HIGHLIGHTS Alief ISD 1.280000 EMPLOYMENT Distance (miles) Harris County 0.417310 Westchase Business District 5 Sugar Land 6 Harris County Flood Control 0.027360 Energy Corridor 7 Port of Houston Authority 0.015310 ENTERTAINMENT Harris County Hospital District 0.170000 Sugar Land 6 Harris County Education Department 0.005999 Sugar Land Town Square Constellation Field Houston Community College 0.106890 First Colony Mall Harris-Fort Bend ESD 100 0.088400 Sugar Mill Shopping Center Renn Road Mud 0.750000 Lake Pointe Towne Center W Keegans Bayou ID 0.100000 Fountains on the Lake Shopping Center International Management District 0.100000 TRANSPORTATION Highway 6 1 Total 3.061269 Westpark Tollway 2 Beltway 8 4 Westchase Business District 4 EMPLOYMENT HIGHLIGHTS Westchase Business District - Hosts over 1,500 businesses and 82,000 employees - 14.2 million square feet of office space in 97 buildings and 2.4 million square feet of retail space HIGHLIGHTS - Major employers (employees) include MI Swaco (1,358), Chevron (750), BMC Software (1,277), Aker Solutions (1,077), Halliburton (1,700), Jacobs Engineering AREA (2,344), CB&I (930), Affiliated Computer Services, Inc. (840), Cameron (649), and Schlumberger (621) - Future site of Phillips 66 14-acre campus which currently has transitioned 1,600 ConocoPhillips employees to the area - Westway Park - 150-acre, master-planned development with approximately 6,800 employees Briarlake Plaza I and II, Westchase Business District - Major owners/tenants in the Park include Cameron, BJ Services Company USA, Invensys, Stewart Title, Nextel, GE Oil Services, P&O Nedlloyd, Seismic Exchange, and St. Paul Travelers Co. Insurance. - Westway Park I, II, and III provides more than 580,000 square feet of office space - Shell Global Solutions - 200-acre business park that employs over 1,200 workers - One of the largest industrial technology installations in the world comprised of 43 buildings with more than 1 million square feet of lab and office space Energy Corridor The third largest employment center in Houston, the Energy Corridor hosts over 23 million square feet of office space and accounts for approximately 30% of office space under construction in the Houston MSA. Over 300 companies, including nine Fortune 500 companies, are located in the Energy Corridor. Over 78% of the office space is Class A. Class A and Class B office space combined have a sustained occupancy at over 97.5% for the past year. Energy Plaza, Energy Corridor - Over 91,000 jobs – with 149,000 projected for 2030 - 42.2% of the business and technical professions in the Houston MSA - 23 million SF office space (78% Class A) – with over 39 million SF projected for 2030 - 2.8 million SF retail – with over 3.5 million projected for 2030 - Hosts headquarters of non-energy related firms including Cardinal Health Care Inc., Sysco Corporation, Gulf States Toyota, and Star Furniture - Hosts headquarters of prominent international energy and energy services firms such as BP America, Shell Exploration & Production, ConocoPhillips, CITGO, Dow Chemical, PGS, and Mustang/Wood Group 5 SUGAR LAND Employment Overview - Over 15 million SF of office and industrial space, providing a diverse, and prominent employment base, totaling over 45,000 employees - Major employers include Fluor Corporation (2,100), Schlumberger (2,100 HIGHLIGHTS employees), Methodist Hospital (1,400 employees), Nalco Energy Services (580 employees), St. Luke’s Hospital (500 employees), and Baker Hughes (450 AREA employees) - City of Sugar Land boasts a median household income of $101,611 and home values ranging from $200,000 to well over $1,000,000 Fluor Corporation - Provides innovative methods for engineering and construction work since 1912 - Fortune 500 company which employs 2,100 at Sugar Land location; 40,000 total - Recognized by FORTUNE Magazine’s “World’s Most Admired Companies” list as the top company in the engineering and construction sector - Ranked in the top ten “Global Competitiveness” list by FORTUNE Magazine Schlumberger Technology Corporation - Boasts 2,100 local employees - Two product centers give strong support to field operations - Campus spans 240 acres Methodist Sugar Land Hospital - Chosen as one of “100 Best Companies to Work For” by FORTUNE Magazine since 2006 - Employs 1,400 - Offers 243 beds and 18 operating rooms - Silver Award winner for 2012 Texas Health Care Quality Improvement Awards Sugar Land Business Park - 1,000-acre deed-restricted, architecturally controlled development - 8,133 employees - Development began in 1977 and space sold out in 2005 - Tenants include Schlumberger, Boise Cascade, Finger Furniture, Live Oak Grill, and Public Works Department 6 RETAIL & ENTERTAINMENT Sugar Land Town Square Lake Pointe Towne Center - The Sugar Land Town Square is a pedestrian oriented, 33-acre lifestyle center - 225,000 SF of retail anchored by Whole Foods and Sears Home Appliance development consisting of 750,000 square feet of Class A office space (four buildings), HIGHLIGHTS - Dining options include Azuma Sushi & Robata Bar, Kublai Khan Crazy Mongolian 200,000 square feet of upscale retail and restaurants, 167 condominium units, an 82,000 Grill, Five Guy’s Burgers & Fries, Potbelly Sandwich Shop, Gigi’s Cupcakes, Churrascos, AREA square foot City Hall and a 300-room Marriot hotel and conference center that is and My Fit Foods adjacent to the First Colony Mall - Other tenants include Comerica Bank, Wells Fargo, Hinz Jewelers, Natural Paws, - Other projects planned for the center include a high-rise residential tower and another Emmanuel Salon, Massage Heights, Texas Running Company, and Artique Gifts & Fine 4,000,000 square feet of retail Arts Constellation Field The Fountains on the Lake Shopping Center - Home of the Sugar Land Skeeters professional baseball team - Comprised of 600,000 square feet of retail space - Opened in 2012 - Tenant base of national retailers such as Borders Books, Office Max, Steinmart, Old - Hosts other events such as football, soccer, lacrosse and concerts Navy, Bed Bath & Beyond, and Hobby Lobby - Seats 7,500 for baseball games and 9,500 for concerts Sugar Mill Shopping Center - Shopping options include stores such as Food Town, Walgreens, CVS Pharmacy, Flowers by Adela, and One 2 One Training Center - Dining options include Popeye’s Louisiana Kitchen, Panda Garden, Teresita’s Café and Cantina, Uptown Deli, and Subway Sugar Land Town Square 7 HOUSTON MARKET OVERVIEW LeadingTo better the understand nation thein economicoutlook for recoveryHouston, it helps to put the current oil price CONCLUSION scenario in an historical context. On January 2, 1990, the WTI spot price was $22.88 HoustonSHUEDUUHO:7,µLUWHGZLWKWKHXSSHUVDWWKHRQVHWRIWKH has been the number one city in the United States for job)LUVW*XOI:DUWKHQ growth since 2002. Asfell the to fourth less than largest $12 citylater, in averaging the nation $19.73 and sixth for the largest decade. MSA, Houston has not only sustained the effects of the recession but has continued to lead the nation into the Houston has enough In spite of prolonged low oil prices, Houston grew, adding more than 500,000 jobs recoveryin the decade. and growth No period.individual The sector city continued dominated to postHouston’s