PEARLAND TOWN CENTER OUTPARCELS PAD SITES AVAILABLE FOR SALE OR LEASE

Pearland, SWC FM 518 & Kirby Rd.

Heather Nguyen • Bob Conwell 8827 W. Sam Pkwy. N., Suite 200 • Houston, TX 77040 • (P) 281.477.4300 • (F) 281.477.4399 • www.newquest.com PEARLAND TOWN CENTER OUTPARCELS PROJECT SUMMARY PAD SITES AVAILABLE FOR SALE OR LEASE

DESCRIPTION Pearland Town Center, a 1.2 million square foot mixed-use development, is anchored by Dillard’s, Macy’s, Sports Authority, and Barnes & Noble’s. This open-air lifestyle center is the first of its kind in the Houston area. Located on the southwest corner of Highway 288 and FM 518 in Pearland, Texas, Pearland Town Center has twelve pad sites available for sale or lease, along with pad retail space for lease. Location Map

LOCATION Pearland Town Center is positioned at the gateway to , Pearland’s premier master-planned community. Encompassing 3,500 acres and 12,723 residential lots, Shadow Creek Ranch combines homes from $170,000 to $1 million, along with recreational parks, award-winning schools, and an “all-inclusive” lifestyle community. By January 2009, over 4,000 families called Shadow Creek Ranch home.

Immediately to the north of FM 518 is Memorial Hermann’s Imaging Center-Pearland, which contains a surgery center, outpatient imaging, and professional office space. Memorial Hermann has acquired an adjacent 12 acre tract for future expansion.

PAD SITES Pad 1: 1.77 acres Pad 14: 2.62 acres AVAILABLE FOR SALE OR LEASE Pad 5: 1.28 acres Pad 15: 7.39 acres Pad 8: 1.26 acres Pad 16: 3.68 acres Pad 9: 1.24 acres Pad 18: 1.15 acres Pad 11: 1.02 acres Pad 19: 1.45 acres Pad 13: 6.94 acres Pad 20: 1.36 acres

PAD RETAIL SPACE 2,222 SF AVAILABLE FOR LEASE 2,192 SF

HOUSING INFORMATION Annuals Starts: 2,659 lots Annual Closings: 3,431 lots 1st Quarter 2009

AREA RETAILERS

288 Almeda-Genoa Cullen W. Fuqua

PEARLAND TOWN S. Post Oak CENTER TENANTS 8

Broadway 518

Almeda Rd. Dallas

3 mile 5 mile 10 mile 521 Old Airline Almeda School Rd. School Almeda Airline Old Active Population 51,170 123,311 613,228 Post Del Croix DEMOGRAPHICS Bello Median Household Income $86,971 $70,892 $59,977 Growth since 2000 Census +34.2% +13.4% +3.4%

Source: US Census Bureau, USPS 06/09 PEARLAND TOWN CENTER OUTPARCELS SITE PLAN PAD SITES AVAILABLE FOR SALE OR LEASE PEARLAND TOWN CENTER OUTPARCELS AERIAL PAD SITES AVAILABLE FOR SALE OR LEASE PEARLAND TOWN CENTER OUTPARCELS RETAIL AERIAL PAD SITES AVAILABLE FOR SALE OR LEASE PEARLAND TOWN CENTER OUTPARCELS ADDITIONAL PHOTOS PAD SITES AVAILABLE FOR SALE OR LEASE Housing Activity Summary POSTALCOUNT PRO Pearland Town Center - 10 Mile Radius DELIVERY STATISTICS as of 06/09 Calculated using Proportional Postal Carrier Routes Quarter/ Qtr Annual Housing Supply Qtr Annual Vacant VDL Supply Future Ann Lot Year Closings Closings Inventory (in Mos) Starts Starts Dev.Lots (in Mos) Lots Deliveries

1Q05 1,264 5,342 2,680 6.0 1,301 5,624 9,325 19.9 15,417 8,895 Lat/Lon: 29.555915/-95.38771 2Q05 1,250 5,483 3,320 7.3 1,869 5,920 9,785 19.8 14,786 8,717 3Q05 1,778 5,772 3,570 7.4 2,028 6,299 9,401 17.9 14,567 8,630 Highway 288 & FM 518 3.00 mi 5.00 mi 10.00 mi 4Q05 1,513 5,805 3,389 7.0 1,323 6,521 9,535 17.5 14,150 7,564 Pearland, Texas radius radius radius 1Q06 1,525 6,066 3,495 6.9 1,631 6,851 10,528 18.4 12,649 8,013 2Q06 1,658 6,474 3,678 6.8 1,841 6,823 10,965 19.3 11,958 8,003 Summary Data 3Q06 1,561 6,257 3,816 7.3 1,685 6,480 10,175 18.8 14,131 7,250 Census 2000 Households 6,191 17,374 144,287

4Q06 1,619 6,363 3,404 6.4 1,207 6,364 9,564 18.0 15,682 6,389

c Route Active Residential Count

i 18,588 40,352 212,498 . n t y

1Q07 1,334 6,172 3,162 6.1 1,092 5,825 9,390 19.3 15,199 4,683 ant ph rr me Census 2000 Average Persons per Household 2.75 3.04 2.87 t 2Q07 1,298 5,812 3,130 6.5 1,266 5,250 10,105 23.1 14,202 4,386 a w a

r r o

3Q07 1,322 5,573 2,890 6.2 1,082 4,647 10,588 27.3 13,388 5,060 u s

Census 2000 Population 17,044 53,092 416,384 on i og 4Q07 1,135 5,089 2,593 6.1 838 4,278 10,806 30.3 12,081 5,520 d j A m

Recalculated Route Lower range 51,156 122,807 610,187 entat s e 1Q08 1,036 4,791 2,386 6.0 826 4,012 10,356 31.0 12,409 4,970 r D e

Upper range ep

Active Population 51,170 123,311 613,228 r 2Q08 920 4,413 2,409 6.6 943 3,689 9,840 32.0 12,226 3,416

3Q08 942 4,033 2,283 6.8 816 3,423 9,856 34.6 11,991 2,683 Census Households vs Route Residential Count 200.22% 132.26% 47.27% thout w i 4Q08 810 3,708 1,986 6.4 513 3,098 9,417 36.5 13,014 1,701 ed d i

Origination Data v o r

1Q09 759 3,431 1,614 5.6 387 2,659 9,270 41.8 12,835 1,573 p

Active Residential Delivery 18,078 38,397 203,040 s i

n i

Active Residential Box 510 1,955 9,454 e r he Housing Inventory and Closings By Quarter Active Residential Count 18,588 40,351 212,494 on i

Additional Active General Delivery Count 0 1 4 at

Finished Vacant Under Construction AnnClos m 4000 7000 r

Total Active Residential Count nfo

18,588 40,352 212,498 i y r 6000 he s T 3000 5000 Additional Possible General Delivery Count 0 1 4 e. ento l ng i v s ab n 4000 li I Total Possible Residential Count 18,608 40,811 216,656 o

l 2000 e s r

3000 C ng c i be i s nn 2000 to 1000

A Census 2000 Households 6,191 17,374 144,287 ou ph

H 1000

a

0 0 r Population in households 17,040 52,875 414,319 deemed

s e

1Q05 2Q05 3Q05 4Q05 1Q06 2Q06 3Q06 4Q06 1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 16.16% 15.06% 22.02% c

og 1-person household r ou m 2-person household 36.37% 30.04% 28.49% s Vacant Developed Lots and Starts By Quarter 3-person household 20.06% 20.18% 18.41% D e nment r

VDL AnnStarts 4-person household 17.03% 18.21% 15.71% e l v a go

11500 8000 i 5-person household 6.76% 9.41% 8.45% and nt

y 11000 6-or-more person household 3.61% 7.09% 6.92% r e ate

6000 s t 10500 Population in Group Quarters 5 217 2,065 v i d r r i p a ento

10000 t v

4000 S n om r I

9500 f

nn L R es

9000 A D

2000 data

V 8500 ng i s u

8000 0 ed

1Q05 2Q05 3Q05 4Q05 1Q06 2Q06 3Q06 4Q06 1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 c odu r p

Future Lots and Deliveries By Quarter Total Housing Units 6,605 18,622 153,598 s w a

t

Occupied housing units 93.74% 93.30% 93.94% r Future Lots Annual Lot Deliv eries epo

Owner-occupied housing units 90.89% 84.62% 65.90% r

20000 10000 s i 9.11% 15.38% 34.10% h 8000 Renter-occupied housing units T v s 15000 li t

e D Lo 6000 Drop Site Business or Family Served Count 252 417 2,881

e 10000 r os Lot

u Active Business Deliveries 1,172 2,446 14,287

t 4000 n ess m u nn F 5000 e 2000 A Possible Business Deliveries 1,177 2,544 15,740 u si D 0 0 B Active Versus Possible Business Deliveries 0.45% 4.02% 10.18% 1Q05 2Q05 3Q05 4Q05 1Q06 2Q06 3Q06 4Q06 1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2000 Census Block Group Data and Geography, (SF3 release for Income, SF1 release for remainder, Average Income = Aggregate Income / Households). HOUSTON Residential Survey (1Q09) Copyright Metrostudy - 1 of 2 - Approved by the Texas Real Estate Commission for Voluntary Use

SUMMARY DEMOGRAPHIC PROFILE Texas law requires all real estate licensees to give the following information 1990 - 2000 Census, 2008 Estimates & 2013 Projections about brokerage services to prospective buyers, tenants, sellers and landlords. Calculated using Proportional Block Groups Information About Brokerage Services Lat/Lon: 29.555915/-95.38771

efore working with a real estate broker, you should Act. The broker must obtain the written consent of each Highway 288 & FM 518 3.00 mi 5.00 mi 10.00 mi know that the duties of a broker depend on whom party to the transaction to act as an intermediary. The Pearland, Texas radius radius radius Bthe broker represents. If you are a prospective written consent must state who will pay the broker and, in seller or landlord (owner) or a prospective buyer or conspicuous bold or underlined print, set forth the broker’s tenant (buyer), you should know that the broker who lists obligations as an intermediary. The broker is required to 2008 Estimated Population 44,155 105,692 549,322 the property for sale or lease is the owner’s agent. A treat each party honestly and fairly and to comply with

N 2013 Projected Population 57,575 132,300 627,036 broker who acts as a subagent represents the owner in The Texas Real Estate License Act. A broker who acts . O I 2000 Census Population 17,048 53,065 416,081 y cooperation with the listing broker. A broker who acts as as an intermediary in a transaction: ant

1990 Census Population 6,176 30,895 342,379 rr a buyer’s agent represents the buyer. A broker may act as (1) shall treat all parties honestly; w a

r an intermediary between the parties if the parties (2) may not disclose that the owner will accept a o

PULAT Historical Annual Growth 1990 to 2008 34.2% 13.4% 3.4%

on consent in writing. A broker can assist you in locating a price less than the asking price unless authorized in i O

P Projected Annual Growth 2008 to 2013 6.1% 5.0% 2.8% property, preparing a contract or lease, or obtaining writing to do so by the owner; entat s

e financing without representing you. A broker is obligated (3) may not disclose that the buyer will pay a price 2008 Median Age 31.9 31.3 33.0 r ep r

by law to treat you honestly. greater than the price submitted in a written offer unless authorized in writing to do so by the buyer; and thout w i 2008 Estimated Households 14,955 33,002 175,758 IF THE BROKER REPRESENTS THE OWNER: (4) may not disclose any confidential information or S ed d

i The broker becomes the owner’s agent by entering into an any information that a party specifically instructs the D 2013 Projected Households 19,315 40,747 194,122 v o L r

p agreement with the owner, usually through a written - broker in writing not to disclose unless authorized in

O

2000 Census Households 6,192 17,365 144,143 s i

n listing agreement, or by agreeing to act as a subagent by writing to disclose the information or required to do so i e 1990 Census Households 2,235 9,854 118,990 r accepting an offer of subagency from the listing broker. A by The Texas Real Estate License Act or a court he

USEH

on subagent may work in a different real estate office. A order or if the information materially relates to the O Historical Annual Growth 1990 to 2008 31.6% 13.1% 2.7% i at H listing broker or subagent can assist the buyer but does condition of the property. m Projected Annual Growth 2008 to 2013 5.8% 4.7% 2.1% r

nfo not represent the buyer and must place the interests of With the parties’ consent, a broker acting as an i

he the owner first. The buyer should not tell the owner’s intermediary between the parties may appoint a person who T

e. l 2008 Estimated White 63.5% 54.6% 41.4% agent anything the buyer would not want the owner to is licensed under The Texas Real Estate License Act ab N

li know because an owner’s agent must disclose to the and associated with the broker to communicate with and e

2008 Estimated Black or African American 16.3% 26.3% 40.4% r E

IO T

be owner any material information known to the agent. carry out instructions of one party and another person who 2008 Estimated Asian & Pacific Islander 13.6% 8.1% 6.0% A to

L is licensed under that Act and associated with the broker RAC

2008 Estimated American Indian & Native Alaskan 0.2% 0.3% 0.3% U

Y IF THE BROKER REPRESENTS THE BUYER: to communicate with and carry out instructions of the P

B 2008 Estimated Other Races 6.3% 10.7% 11.9% deemed O The broker becomes the buyer’s agent by entering into an other party. s P e c 2008 Estimated Hispanic 25.7% 32.8% 30.5% r agreement to represent the buyer, usually through a ou s

written buyer representation agreement. A buyer’s agent If you choose to have a broker represent you, can assist the owner but does not represent the owner you should enter into a written agreement with the broker E nment r

2008 Estimated Average Household Income $ 91,511 $ 76,757 $ 65,159 e and must place the interests of the buyer first. The owner that clearly establishes the broker’s obligations and your M v O go

2008 Estimated Median Household Income $ 86,971 $ 70,892 $ 59,977 should not tell a buyer’s agent anything the owner would obligations. The agreement should state how and by C and

N not want the buyer to know because a buyer’s agent must whom the broker will be paid. You have the right to

I 2008 Estimated Per Capita Income $ 31,018 $ 24,024 $ 21,103

ate disclose to the buyer any material information known to the choose the type of representation, if any, you wish to v i r ) p

+ agent. receive. Your payment of a fee to a broker does not om r

25 2008 Elementary 7.1% 10.4% 9.6% f necessarily establish that the broker represents you. If you

E 2008 Some High School 5.5% 8.7% 10.1% IF THE BROKER ACTS AS AN INTERMEDIARY: have any questions regarding the duties and data G

A ng A broker may act as an intermediary between the parties responsibilities of the broker, you should resolve those i

( 2008 High School Graduate 17.8% 24.0% 27.5% s

u

N 2008 Some College 19.7% 19.6% 19.1% if the broker complies with The Texas Real Estate License questions before proceeding. ed O c I

T 2008 Associates Degree Only 7.8% 7.3% 6.4% odu r p

2008 Bachelors Degree Only 23.8% 18.0% 17.1% s w a

t

2008 Graduate Degree 18.5% 12.0% 10.3% r Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee’s records. DUCA E epo r

s i h S T

S Number of Businesses 777 1,841 12,404 E

N Total Number of Employees 8,733 19,497 144,725

I Buyer, Seller, Landlord or Tenant Date

S Employee Population per Business 11.2 10.6 11.7 U

B Residential Population per Business 56.8 57.4 44.3

Texas Real Estate Brokers and Salespersons are licensed and regulated by the Texas Real Estate Commission (TREC). If you have a question EQUAL HOUSING OPPO RT UNIT Y or complaint regarding a real estate licensee, you should contact TREC at P.O. Box 12188, Austin, Texas 78711-2188 or 512-465-3960.

©2009, Sites USA, Chandler, Arizona, 480-491-1112 Demographic Source: Applied Geographic Solutions / TIGER Geography 07/08 01A TREC No. OP-K NewQuest Properties orby anyagent, independent associate oremployee of NewQuest Properties.This information is subjectto change withoutnotice. The information hereinwhilebased ondatasupplied bysourcesdeemed reliable,issubject toerrorsoromissions andisnot,inany way 8827 W. SamHoustonPkwyN.,Suite200 Office: 281.477.4300Fax:281.477.4399 Houston, Texas 77040 www.newquest.com , warranted by

7/30/09