Las Colinas Development

Home , Interstate 635 (Texas), Las Colinas

161

Irving Convention Center at Irving Music Las Colinas Factory L AS COLINAS D EVEL OPMEN T

Lake Northwest Highway Carolyn

OFFERING SUMMARY INVESTMENT OVERVIEW

HFF, L.P. and CSE Commercial Real Estate have been exclusively retained by the Owner to offer qualified investors the opportunity to purchase a waterfront, mixed-use transit oriented development opportunity (the “Site”), consisting of 26.68 acres situated prominently on Lake Carolyn in the Las Colinas community of Dallas-Fort Worth (“DFW”). Las Colinas is a 12,000-acre master-planned business and residential community located in the heart of DFW immediately adjacent to DFW International Airport. The Site offers investors the opportunity to develop a significant tract of waterfront property in the most desired corporate environment in the nation’s fourth largest MSA.

IRVING CONVENTION CENTER IRVING MUSIC FACTORY

INVESTMENT HIGHLIGHTS

TRANSIT ORIENTED DEVELOPMENT The Offering is adjacent to the Dallas Area Rapid Transit (DART) light rail Irving Convention Center Station, thereby providing connectivity throughout the DFW Metroplex. The DART orange line connects Las Colinas to downtown Dallas, DFW International Airport, Dallas Love Field Airport, and the CityLine Development, which includes State Farm and Raytheon’s new corporate offices.

DYNAMIC OFFICE MARKET In 2014, DFW was a top three MSA nationally in net absorption with 6.2 million square feet with major corporate relocations and expansions including State Farm, Toyota, FedEx Office, GE Capital, and NEC. Las Colinas was a major driver of DFW absorption with over 900,000 square feet in 2014. Additionally, Dallas was recently ranked as the 8th “best office market in the United States” by Morgan Stanley.

BOURGEONING LIVE-WORK-PLAY ENVIRONMENT Two new mix-use developments: Water Street and the Irving Music Factory will bring true live-work-play developments to the immediate area. Water Street will be developed on 14 acres of waterfront property and feature 315 multifamily units and 60,000 square feet of retail. The Irving Music Factory is a $173 million mix-use complex that will include an 8,000 seat amphitheater and is destined to become the entertainment epicenter of Las Colinas.

MUSTANGS AT LAS COLINAS Dallas CBD PROPERTY OVERVIEW

LOCATION 500 W. Northwest Highway Irving, TX 75039

SIZE 26.68 acres ZONING Neighborhood Commercial PERMITED USES Multifamily, Office, Retail, Hotel WATER STREET DEVELOPMENT COMING 2017

L AS COLINAS D EVEL OPMEN T

Parcel B: Parcel A: 15.62 acres 11.06 acres

DART Light Rail Station

IRVING MUSIC FACTORY COMING 2016 Irving Convention Center at Las Colinas

121,458 VPD

DART Orange Line Line Orange Orange DART DART

Northwest Highway 28,384 VPD

FAVORED LOCATION FOR BLUE CHIP CORPORATIONS Las Colinas’ reputation as a corporate mecca is illustrated by the more than 2,000 companies, including over 30 on the Fortune 500, that have a presence in Las Colinas. Six Fortune 500 companies maintain mission-critical global headquarter facilities within Las Colinas.

ATTRACTIVE RESIDENTIAL COMMUNITY Las Colinas currently has over 2,500 multi-family units recently delivered or in the pipeline representing 11% of the current market supply and 4,600 single family homes. New developments continue to build upon extensive in-place walkability with over 4,500 acres of open space and waterways for running and hiking.

DALLAS-FORT WORTH - THE ECONOMIC ENGINE OF TEXAS The DFW Metroplex has been the United States’ focal point for job growth with over 121,700 new jobs from July 2014 to July 2015. The strong historical trend is expected to continue as DFW is projected to generate 484,400 new jobs from 2014 through 2019, ranking first in the nation in job growth according to Moody’s.

PREMIER REGIONAL ACCESS The Offering provides easy access to State Highway 114, State Highway 161, US Interstate 635 and Northwest Highway and lies just 6 miles from DFW International Airport – the world’s third-busiest airport. DECATUR PROSPER DENTON

McKINNEY PONDER LITTLE FARMERSVILLE ELM CORINTH FRISCO ARGYLE AY LLW TO Lewisville URN YB RA Lake AM ALLEN THE COLONY S HIGHLAND LUCAS VILLAGE JUSTIN RHOME Lavon Lake LEWISVILLE WYLIE ENT GEORGE BUSH PLANO FLOWER MOUND SID T E UR MURPHY R NP TROPHY P IK E Fort Worth ROANOKE Alliance CLUB Grapevine Airport Lake ROYSE HASLET CARROLLTON Addison SACHSE Airport CITY GRAPEVINE COPPELL ADDISON RICHARDSON SOUTHLAKE North KELLER Lake FARMERS 30 BRANCHLAS COLINAS DEVELOPMENT ROCKWALL AZLE

Mountain LAS COLINAS Preston Lake GARLAND D

D Hollow Highlands ROWLETT A

Lake A

L L L

Dallas/Fort Worth L

A A

S S

COLLEYVILLE International DALLAS N

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R R T

SAGINAW WATAUGA Airport LOVE FIELD T

H H

University T

AIRPORT T O

IRVING O Lake Ray Hubbard

NORTH L Park

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BEDFORD W 30

A A Y 820 RICHLAND Y White Rock Highland HEATH HILLS EULESS Park Lakewood Lake LAKE 820 Fort Worth Meacham HURST Lake Worth WORTH Airport HALTOM CITY Uptown 30 SUNNYVALE NAS Joint Reserve FORT DALLAS CBD Base Fort Worth WORTH 30 WHITE WESTOVER 30 30 MESQUITE CBD FORNEY SETTLEMENT HILLS OAK CLIFF 820 ARLINGTON GRAND PRAIRIE Y. W K Lake Mountain 30 P AIL TR Arlington Creek Lake 45 820 M BALCH

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H 20

S S 20 I BELT SPRINGS

H DALWORTHINGTON

C JUNCTION FOREST HILL GARDENS 20 BENBROOK DUNCANVILLE EDGECLIFF HUTCHINS VILLAGE 20 SEAGOVILLE Joe Pool CRANDALL Benbrook Lake Lake DE SOTO LANCASTER

CEDAR HILL 45 KAUFMAN CROWLEY

BURLESON MANSFIELD ADDITIONAL INFORMATION FERRIS

4956 N. O’Connor Road Irving, TX 75062-2716 TEL: 469-417-0102 | FAX: 469-417-0104

©2015 Holliday Fenoglio Fowler, LP (“HFF”) and HFF Securities LP (“HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, advisory services, structured finance, private equity, loan sales, and commercial loan servicing.

Holliday Fenoglio Fowler, L.P. (“HFF”) has been engaged by the owner of the property to market it for sale. Information concerning the property described herein has been obtained from sources other than HFF and we make no representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all references to age, square footage, 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 buyer. Buyers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change.