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HOUSTON, TEXAS Market Survey October 3Rd , 2014 Prepared

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HOUSTON, TEXAS Market Survey October 3Rd , 2014 Prepared HOUSTON, TEXAS Market Survey October 3rd , 2014 Prepared for: Prepared by: Jim Cummins, Associate 713.490.3781 [email protected] Matthew Seliger, Associate 713.231.1583 [email protected] 1900 West Loop South, Suite 1300 Houston, TX 77027 TABLE OF CONTENTS Map of Properties SECTION I Building Profiles and Floor Plans SECTION II Cost Comparison SECTION III 1Heritage Plaze, 1111 Bagby St, Houston, TX, 77002 2Two Allen Center, 1200 Smith St, Houston, TX, 77002 3Wedge International Tower, 1415 Louisiana, Houston, TX, 77002 4 919 Milam, 919 Milam St, Houston, TX, 77002 5 1001 McKinney, 1001 McKinney St, Houston, TX, 77002 6 801 Travis, 801 Travis St, Houston, TX, 77002 7 712 Main, 712 Main St, Houston, TX 77002 8 Cullen Center, 600 Jefferson, Houston, TX 77002 SECTION I Map of Properties 10/3/2014 This copyrighted report contains research licensed to Transwestern - 582041. Page 1 SECTION II Building Profiles and Floor Plans 1 1111 Bagby St - Heritage Plaza Location: Heritage Plaza Building Type: Class A Office Downtown Cluster CBD Submarket Status: Built 1986 Harris County Stories: 51 Houston, TX 77002 RBA: 1,359,266 SF Typical Floor: 26,652 SF Developer: Wortham Realty Total Avail: 30,133 SF % Leased: 98.9% Management: Heritage Plaza Property Services Recorded Owner: - Expenses: 2010 Tax @ $3.04/sf, 2013 Est Tax @ $3.85/sf; 2010 Ops @ $8.41/sf, 2013 Est Ops @ $8.96/sf Parcel Number: 0012490000001 Parking: 1,200 Covered Spaces @ $220.00/mo; Reserved Spaces @ $350.00/mo; Ratio of 2.40/1,000 SF Amenities: Atrium, Card Key Access, Concierge, Conferencing Facility, Corner Lot, Courtyard, Energy Star Labeled, Fitness Center, Food Service, LEED Certified - Gold, Mail Room, On Site Management, Property Manager on Site, Security System, Skyway Floor SF Avail Floor Contig Bldg Contig Rent/SF/Yr + Svs Occupancy Term Type P 19th / Suite 1920 1,718 1,718 1,718 $35.00/nnn Vacant Negotiable Direct P 23rd / Suite 2340 1,564 1,564 1,564 $35.00/nnn Vacant Negotiable Direct 10/3/2014 This copyrighted report contains research licensed to Transwestern - 582041. Page 2 HERITAGE PLAZA 1111 Bagby Street, Houston, TX 77002 Building Information Owned & Managed Brookfield Office Properties Floors 52 above grade; 1 below grade Area 1,149,635 GRA Average Floor Size 27,369 Building Class Class “A Year Completed 1986, Renovated 1998 2014 Parking 857 Spaces in tower 1,118 in Garage VIP Parking: $520.00 Unreserved: $238.00 Reserved: $379.00 Access Connected to Allen Center and Doubletree hotel via pedestrian sky bridge. Building Hours M-F, 7AM - 7PM Sat, 7AM - 1PM Leasing Information Dining & Retail Available NRA On-site fitness center Dining at Allen Center: Office 17,567 Snap Kitchen Retail 2,308 Doubletree Hotel Original Smoothie Company Federal Land Bank Bldg 27,786 Total Building 47,661 Retail at Allen Center: Chick-fil-A Frost National Bank Salata Percent Leased 96% Chase Bank Otto’s BBQ & Hamburgers Jason’s Deli Largest Contiguous 11152 BB&T Bank StarTrust Federal Credit Union Don Patron’s Mexican Cantina 14,646 (FLBB) The Downtown Club at the Met, Business Simon’s Homestyle Café Sophia’s Fresher Mex NET Rent Rate $34.00 - $35.00, 3% annual increases and Sports Club Dr. Sutherland, Dentist Yum Yum’s Asian Hip 2014 Est. Expenses $16.20 SuperCuts The Coffee Bar Serving Seattle’s Best Café Basil Remodel Allowance 5 YR: $25.00; 10 YR: $45.00 Houston Shoe Hospital Jewelry & More Murphy’s Deli Car Butler, Car Detailing Service Jimmy John’s Precision Graphics Central Graphics Gateway Newsstands Clint Bawcom, Margaret Sigur, Jon Dutton 713-651-1515 brookfieldofficeproperties.com Heritage Plaza 1111 Bagby Street, Houston, TX brookfieldofficeproperties.com 19th Floor 1,718 RSF 1920 1,718 RSF Contact Leasing Clint Bawcom, Margaret Sigur or Jon Dutton | 713.651.1515 Heritage Plaza - F23 - Occupancy Suite 2340 1,564 RSF A R I PE 3 PE 4 PE 15 PE 16 PE 9 PE 10 A T S WOMEN MEN MECH SE 1 PE 2 PE 5 PE 14 PE 17 PE 8 PE 11 STAIR B ELEC PE 1 PE 6 PE 13 PE 18 PE 7 PE 12 TELE Heritage Plaza Floor 23 1111 Bagby Street Houston, Texas 77002 November 4, 2011 Brookfield Properties (713) 651-1515 10/21/11 updated suite 2300 Sedgwick, detert 0 5 10 20 30 40 50 11/04/11 updated suite 2340 Vacant Active Future 2 1200 Smith St - Two Allen Center - Allen Center Location: Two Allen Center Building Type: Class A Office Downtown Cluster CBD Submarket Status: Built 1977, Renov 1992 Harris County Stories: 36 Houston, TX 77002 RBA: 995,623 SF Typical Floor: 26,613 SF Developer: Century Development Total Avail: 91,699 SF % Leased: 97.7% Management: Brookfield Office Properties, Inc. Recorded Owner: Two Allen Center Co LLC Expenses: 2012 Tax @ $4.09/sf, 2013 Est Tax @ $5.70/sf; 2014 Ops @ $13.48/sf, 2013 Est Ops @ $8.52/sf Parcel Number: 1035350000017 Parking: 143 Covered Spaces @ $195.00/mo; Reserved Spaces @ $275.00/mo; Ratio of 1.00/1,000 SF Amenities: Banking, Card Key Access, Concierge, Dry Cleaner, Energy Star Labeled, Fitness Center, Food Court, Hotel, LEED Certified - Gold, Mail Room, On Site Management, Property Manager on Site, Restaurant, Security System, Skyway Floor SF Avail Floor Contig Bldg Contig Rent/SF/Yr + Svs Occupancy Term Type P 10th / Suite 1090 1,811 4,706 4,706 $29.00/nnn Vacant 5 yrs Direct P 11th / Suite 1110 1,626 1,626 1,626 $29.00/nnn Vacant 5 yrs Direct 10/3/2014 This copyrighted report contains research licensed to Transwestern - 582041. Page 3 TWO ALLEN CENTER 1200 Smith Street, Houston, TX 77002 Building Information Owned & Managed Brookfield Office Properties Leased By Cassidy Turley Floors 36 above grade; 2 below grade Area 995,623 GRA Average Floor Size 26,613 Building Class Class “A” Year Completed 1978 Parking Ratio 1/1,000 SF Allen Center Garage Unreserved: $195.00 Reserved: $275.00 Metropolitan Garage Unreserved: $180.00 Reserved: $235.00 Basement VIP Unreserved: $340.00 Access Connected to all of Allen Center and parking garages via pedestrian skybridge. Connected to downtown tunnel system. Building Hours M-F 7AM - 7PM Sat 7AM - 1PM Office Leasing Information Conference Centers Available NRA 55,705 The Council, seating for 10 Percent Leased 94% The Assembly, seating for 20 NET Rental Rate $29.00, $.50 annual increases The Jefferson Room, seating for 20 The Senate, seating for 20 2014 Est. Expenses $12.93 plus electric (est. $.55) The Forum, seating for 70 Remodel Allowance 5 YR: $20.00; 7 - 10 YR: $25.00 - $35.00 The Plaza Room, seating for 140 Retail Dining Frost National Bank Snap Kitchen Chase Bank Original Smoothie Company BB&T Bank Chick-fil-A StarTrust Federal Credit Union Salata The Downtown Club at the Met, Otto’s BBQ & Hamburgers Business and Sports Club Jason’s Deli Dr. Sutherland, Dental Don Patron’s Mexican Cantina SuperCuts Simon’s Homestyle Café Houston Shoe Hospital Sophia’s Fresher Mex Jewelry & More Yum Yum’s Asian Hip Car Butler, Car Detailing Service The Coffee Bar Precision Graphics Serving Seattle’s Best Central Graphics Café Basil Gateway Newsstands Murphy’s Deli Jimmy John’s John Pruitt | 713.345.1425 | [email protected] Eric Siegrist | 713.572.0107 | [email protected] Jessica Ochoa | 713.345.1424 | [email protected] | Two Allen Center 1200 Smith Street, Houston, TX brookfieldofficeproperties.com 10th Floor Suite 1020 Suite 1090 Suite 1080 2,382 RSF 1,811 RSF 2,896 RSF F.H.C. F.H.C. JAN. VEST. ELEV ELEV ELEV ELEV ELEV ELEV ELEV UP SERVICE EAST DOWN ELEVATOR MECHANICAL DOWN WEST LOBBY MECHANICAL STAIR NO 1 ELEV ELEV ELEV ELEV ELEV ELEV WOMEN'S MEN'S ELEV REST. REST. UP ELEV ELEV ELEV ELEV ELEV ELEV STAIR NO 2 F.H.C. F.H.C. E.W.C. E.W.C. Leasing Information: John Pruitt Eric Siegrist Jessica Ochoa 713.345.1425 713.572.0107 713.345.1424 [email protected] [email protected] [email protected] Two Allen Center 1200 Smith Street, Houston, TX brookfieldofficeproperties.com 11th Floor Suite 1170 4,377 RSF Suite 1110 1,626 RSF Leasing Information: John Pruitt Eric Siegrist Jessica Ochoa 713.345.1425 713.572.0107 713.345.1424 [email protected] [email protected] [email protected] 3 1415 Louisiana St - WEDGE International Tower Location: WEDGE International Tower Building Type: Class A Office Downtown Cluster CBD Submarket Status: Built 1983, Renov 1993 Harris County Stories: 43 Houston, TX 77002 RBA: 520,475 SF Typical Floor: 18,000 SF Developer: Wortham Realty Total Avail: 210,075 SF % Leased: 71.7% Management: Wedge Commercial Properties Corp. Recorded Owner: Wedge Commercial Properties Corp. Expenses: 2014 Tax @ $2.81/sf; 2014 Ops @ $9.35/sf Parcel Number: 0020380000001 Parking: 1,600 Covered Spaces @ $170.00/mo; Reserved Spaces @ $250.00/mo; Ratio of 2.70/1,000 SF Amenities: Atrium, Banking, Card Key Access, Energy Star Labeled, LEED Certified - Silver, On Site Management, Property Manager on Site, Restaurant, Security System Floor SF Avail Floor Contig Bldg Contig Rent/SF/Yr + Svs Occupancy Term Type P 41st / Suite 4150 1,580 1,580 1,580 $23.50/nnn Vacant 5 yrs Direct P 41st / Suite 4175 1,620 1,620 1,620 $23.50/nnn Vacant 5 yrs Direct 10/3/2014 This copyrighted report contains research licensed to Transwestern - 582041. Page 4 SUITE 4150 96019-185 WEDGE INTERNATIONAL TOWER SUITE 4150 The Wingfield/Sears Group, Inc. SPACE PLAN ARCHITECTS INTERIOR DESIGNERS 1 APRIL 2013 1415 Louisiana St WEDGE International Tower This copyrighted report contains research licensed to Transwestern - 582041.
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