HOUSTON, TEXAS • EXECUTIVE SUMMARY Executive Summary

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HOUSTON, TEXAS • EXECUTIVE SUMMARY Executive Summary HOUSTON, TEXAS • EXECUTIVE SUMMARY Executive SummaryExecutive Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp a Texas licensed real estate broker ("HFF"). 1 2100 WEST LOOP SOUTH HFF, as the exclusive representative of the owner, is pleased to offer for sale 2100 West Loop South (the “Property”), a 16-story, 162,336 square foot office building located in Houston’s premier submarket, the Galleria. The property is currently 88.7% leased with 4.9 years remaining average lease term and is situated on 1.29 acres on Loop 610 with direct access to Post Oak Blvd and San Felipe. Over the last 36 months, ownership invested more than $3.5 million in non-leasing capital, positioning the asset at the top of its competitive set. EXECUTIVE SUMMARY PROPERTY SUMMARY INVESTMENT HIGHLIGHTS ADDRESS: 2100 West Loop South, Houston, TX 77027 • Preferred Submarket in Houston – 15th Largest Business District in the United States and highly ammenitized location RENTABLE AREA: 162,336 SF • Strategic West Loop Location • Superior Accessibility – Multiple Ingress/Egress Points YEAR BUILT (RENOVATED): 1973 (1997, 2014) • Weighted Average Remaining Lease Term 4.9 Years with only 3.8% of the building rolling by February 2019 NUMBER OF FLOORS: 16 • 14 Leases Executed in the Last 18 Months Totaling Over 76,000 SF • Over $3.5 million in non-leasing capital has been invested in the last PERCENT LEASED: 88.7% 36 months • All Existing Tenants Have Been Rolled to NNN Leases SITE: 1.29 acres • Significant Upside Potential with 18,404 SF of Available Space • 10,500 SF Floor Plates are Ideal for Small to Medium Size Tenants PARKING: 3.5:1,000 SF • Eight Full Floor Tenants and Top of Building Signage Available for Future Leasing Executive SummaryExecutive TANGLEWOOD THE HOUSTONIAN OMNI RIVERWAY VILLAGE D’ ESTE MONTECELLO CONDOS FOUR LEAF TOWERS CONDOS CONDOS CAMBDEN POST OAK APARTMENTS HOUSTON CRAVE CUPCAKES COSMOPOLITAN GRANDUCA BELVEDERE SAN FELIPE STREET HANOVER POST OAK CONDOS ASTORIA UPTOWN SUSHI CONDOS ANEJO APARTMENTS PESKA SEAFOOD TRUE FOOD KITCHEN MASSRAFF’S SOZO SUSHI GUYS BURGER AND FRIES NORTH ITALIA LUBY’S HOUSTON HANOVER PHASE II WHOLE FOODS BERRY HILL MARRIOTT WEST LOOP U/C CALIFORNIA PIZZA KITCHEN LA TABLE HOUSTON CAFE ANNIE AMEGY BANK BUILDING DOMINION POST OAK APARTMENTS LOFTS ON POST OAK HILTON POST OAK APARTMENTS YIA YIA MARY’S SAN FELIPE STREET AMLI UPTOWN CARACOL RESTAURANT SKYHOUSE APARTMENTS POST OAK BOULEVARD APARTMENTS STARBUCKS ARABELLA KENNY & ZIGGY’S ROYAL SONESTA CONDOS MORTON’S STEAKHOUSE JAMBA JUICE ARCODORO JENNI’S NOODLE HOUSE THE WHILSHIRE GRAND LUX CAFE MAGGIANNO’S MOXIE’S BAR AND GRILL APARTMENTS SHERATON SUITES HOUSTON IH WEST LOOP TARGET GREY HOUSE RIVER OAKS DISTRICT APARTMENTS STEAK TOULOUSE HOUSTON WESTHEIMER ROAD HOPDODDY BURGER BAR SEASONS ­ IPIC THEATERS EQUINOX 1 INVESTMENT HIGHLIGHTS Executive SummaryExecutive PREFERRED SUBMARKET IN HOUSTON EXCELLENT PHYSICAL CONDITION WITH RECENT 2100 West Loop South is located in Houston’s prestigious Galleria submarket, RENOVATIONS the 15th largest business district in the United States, comparable in size to $3.5 million in non-leasing capital was invested over the last 36 months. The the downtowns of Seattle, Denver and Pittsburgh. Anchored by the world- asset now features a fully redesigned main lobby, complete with upgraded renowned Galleria mall, the submarket offers Houston’s largest concentration restrooms, modern lighting, glass accent panels, electronic directory and new of high-end retail, upscale hotels and fine dining. Houston’s most prominent furniture. In addition, the drive-up entry was renovated with the replacement residential neighborhoods surround the Galleria, with River Oaks directly of all drive and sidewalk concrete, new monument signage, garage louver east and Tanglewood and the Memorial Villages directly west. The Galleria, system, building lighting and landscaping. more so than any other submarket in Houston, embodies the live-work-play environment providing excellent walkability for residents and employees. Non-Leasing Capital - Last 18 Months Main Lobby $800,000 STRATEGIC WEST LOOP LOCATION WITH UNRIVALED Restrooms, HVAC Package, Lighting, Furniture, ADA Entrance, Elevator Cabs Ceiling Tiles, Glass Panels, Paint, Electronic Directory, Planters/Landscaping ACCESSIBILITY AND VISIBILITY Tenant Common Areas $600,000 With its strategic location on the west side of Loop 610 (the “West Loop”), Elevator Lobby Flooring, Lighting and Wallcoverings 2100 West Loop offers multiple ingress and egress points with direct access Exterior / Drive-Up $1,075,000 Building Paint, Concrete Replacement, Garage Louver, Monument Signage to Post Oak Boulevard and San Felipe, in addition to Loop 610. The building’s Other Improvements $1,100,000 cross street to the north, San Felipe, provides direct access to River Oaks HVAC, life safety and Tanglewood, two of Houston’s most affluent neighborhoods, while the TOTAL $3,575,000 West Loop connects to the region’s vast highway system and the Houston MSA at large. The prominent West Loop location also provides exceptional visibility to Houston’s central highway ring, Loop 610, traversed by over 330,000 cars per day. 2 INVESTMENT HIGHLIGHTS WEIGHTED AVERAGE REMAINING LEASE TERM 4.9 YEARS WITH ONLY 3.8% OF THE BUILDING ROLLING BY FEBRUARY 2019 The building is currently 88.7% occupied with weighted average remaining lease term of 4.9 years, providing excellent in-place cash flow with limited near term rollover. Over the last 24 months, and in the midst of the energy downturn in Houston, 2100 West Loop continues to execute new leases, renewals and expansions, completing 14 transactions for over 76,000 square feet while converting all tenants in the building to a triple net lease structure. SIGNIFICANT UPSIDE POTENTIAL WITH 18,404 SQUARE FEET OF AVAILABLE SPACE At just under 89% leased, 2100 West Loop offers significant upside potential, with nearly 18,500 square feet available to lease. Nearly 30 percent of the space is located on the fourteenth floor, which provide 360-degree views of Houston. SummaryExecutive 10,500 SQUARE-FOOT FLOOR PLATES ARE IDEAL FOR SMALL TO MEDIUM SIZE TENANTS While home to some of the largest companies in Houston, the Galleria is trending towards smaller and medium sized tenants. A key differentiator of 2100 West Loop is the average floor plate size of 10,500 square feet. This allows tenants not large enough to be a full-floor user in most buildings (less than 20,000 square feet), to realize the benefits of having a full or even half floor. The building easily and efficiently accommodates tenants as small as 1,000 square feet and can offer elevator lobby exposure to a tenant as small as 3,500 square feet. EIGHT FULL FLOOR TENANTS With an ideal average floorplate size of 10,500 square feet, smaller tenants can take advantage of having a full floor in the heart of the Galleria. Eight of the sixteen floors are occupied by full-floor tenants and top building signage available if needed for future renewals or new leases. 3 LOCATION MAP 69 LIBERTY COUNTY MONTGOMERY COUNTY HARRIS COUNTY 69 FORT BEND 69 COUNTY Executive SummaryExecutive GALVESTON COUNTY SAN FELIPE STREET BRAZORIA COUNTY SANSAS FELIPE STREET AN N POST OAK BOULE FE LI P E S TRT 610 EEE ETE T VA RD hbound 610 610 Entrance to Sout PARKING GARAGEG 2100 WEST DREAHNDREADRDREAHAHNNNW WAW AYAY LOOP SOUTH 4 INGRESS / EGRESS In addition to Houston’s extensive highway network, 2100 West Loop is easily accessible to the exclusive residential neighborhoods of River Oaks, West University, Tanglewood and the Memorial Villages without having to get on a highway. This is a significant selling point to decision makers that live in these close-in suburbs. In addition, both River Oaks and Houston Country Clubs are also easily accessible from 2100 for breakfast/lunch meetings or golf outings. Executive SummaryExecutive 5 WEST FACING AERIAL 69 MEMORIAL VILLAGES WESTPARK TOLLWAY IH SOUTHWEST FREEWAY TANGLEWOOD THE GALLERIA WESTHEIMER ROAD POST OAK BOULEVARD SAN FELIPE STREET BLVD PLACE IH WEST LOOP Executive SummaryExecutive 6 CONTACT INFORMATION INVESTMENT SALES FOR FINANCING INQUIRIES H. DAN MILLER, CCIM, SIOR CAMERON CURETON Senior Managing Director Director T. (713) 852-3576 T. (713) 852-3531 [email protected] [email protected] MARTIN T. HOGAN Director T. (713) 852-3557 [email protected] DANE PETERSEN Real Estate Analyst T. (713) 852-3436 [email protected] HFF HOUSTON HFF has been engaged by the owner of the property [properties] to market it [them] for sale. Information concerning the property [properties] described 9 Greenway Plaza, Suite 700 herein has been obtained from sources other than HFF, and neither Owner nor HFF, nor their respective equity holders, officers, employees and agents makes Houston, Texas 77046 any representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all reference to age, square footage, T. (713) 852-3500 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 part- F. (713) 527-8725 ners, officers, employees and agents disclaim any liability that may be based upon or related to the information contained herein. Prospective purchasers hfflp.com should conduct their own independent investigation and rely on those results. The information contained herein is subject to change. .
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