AT&T Call Center

AT&T Call Center Confidential Offering Memorandum Beaumont, Texas Investment Summary 03

Property Overview 05

Location Overview 10

2 Investment Summary AT&T Call Center

The offering

JLL Capital Markets, as exclusive advisor to the owner of 555 Main Street (“The Property”), is pleased to present the opportunity to acquire the fee- simple interest in the former AT&T Call Center, a 141,525 square foot, four story office building and onsite parking strategically located in the heart of Beaumont, Texas. The building features a masonry and glass façade with parking for 235 vehicles on site. The building and the parking were completed in 1971 and was fully renovated in 1994.

INVESTMENT HIGHLIGHTS PROPERTY DETAILS

• Four (4) Story Building plus basement Address 555 Main Street, Beaumont, TX 77701 • Paved parking lots • Land Area: +/-3.6801 Acres Product Type Office • Adjacent to the Sabine-Neches Waterway and Port of Beaumont (the nation’s largest LNG export terminal) Square Footage 141,525 rsf • Walkable dining options • Former Single Tenant Call Center Site Size 3.68 acres • Excellent Call Center Demographics and ideal call center buildout Year Built 1971, Renovated 1994 • Easily accessible to IH-10 and US Hwy 69 • Located in Beaumont’s Central Business District Occupancy 0.0% • Near Beaumont Civic Center, City Hall, Port of Beaumont,

Texas Energy Museum, Art Museum of Southeast Texas, 235 Surface Spaces are available; Parking/Ratio Jefferson Theater, Julie Rogers Theatre for Preforming Arts Ratio of 2.03/1,000 SF

5 Property Overview AT&T Call CenterName of offeringBeaumont, | City, Texas State

AT&T Call Center

AT&T Call Center (the ‘Property”) is approximately 141,525 SF Four-story office building with basement located in Beaumont's Central Business District overlooking the Neches River; open floor areas for cubicle workstations, offices built out along the building parameter; on-site parking.

Easily accessible to IH-10, US Hwy 69. Property is within walking distance to the Beaumont Civic Center, City Hall, Port of Beaumont, Texas Energy Museum, Art Museum of Southeast Texas, Jefferson Theater, Julie Rogers Theater for Performing Arts, and CBD's restaurants

PROPERTY AMENITIES

Property Address 555 Main Street, Beaumont, Texas 77701

Building Size Approximately 141,525 square feet

Year Built 1971, Renovated 1994

Stories 4

Occupancy 0.0%

Zoning Various office and commercial uses

Exterior Walls The exterior wall structure is masonry

AT&T Call Center

PROPERTY AMENITIES CONTINUED

Parking A total of approximately 235 Surface Spaces are available; Ratio of 2.03/1,000 SF.

Lighting Standard commercial fluorescent fixtures.

Restroom Facilities It is assumed the restrooms are adequate and are assumed built to local code.

Vertical Transportation The building is serviced by eight (8) 3,500-pound traction elevators, one (1) freight elevator, and one (1) shuttle elevator (serves the 17th floor only). All ten (10) elevators were completely modernized by, and are maintained by, Schindler Elevators.

Roof System The subject has a flat built up roof.

HVAC The HVAC system is assumed to be in good working order and adequate for the building.

Life Safety Systems It is assumed the improvements have adequate fire alarm systems, fire exits, fire extinguishers, fire escapes and/or other fire protection measures to meet local fire marshal requirements. The Owner makes no legal representations about the code compliance for fire and life safety systems.

Environmental The Owner makes no legal representations regarding environmental issues at the Property. Potential investors should conduct their own investigations to determine the Property’s environmental status.

Site plan Pine Street

555 Main Street 141,525 rsf Tevis Street

Cypress Street

10 Location Overview AT&T Call CenterName of offeringBeaumont, | City, Texas State

Thriving and Diverse Local Economy anchored by Downstream Sector

The Sabine Neches Waterway, Lower Neches Valley Authority, Sabine River Authority and the Gulf of Mexico provide water access to the region while the Jack Brooks Regional Airport and Amtrak, along with commercial transporters BNSF, UP and KCS provide air and rail service.

The Sabine-Neches Waterway is home to numerous manufacturing, refining and petrochemical companies. Southeast Texas is a top location for businesses to invest, expand and prosper. There is no other place in the country with an existing qualified workforce and a wealth of educational institutions and training centers focused on training individuals in crafts, engineering and other targeted skills to support industrial expansion and future development.

There are currently over $6.25 billion of petrochemical projects under construction in the Beaumont area, and an additional $22 billion of proposed projects.

• Cheniere Energy is finishing its $6 billion LNG export terminal at Sabine Pass this year, the first of its kind in the United States, a less than 20-minute drive from downtown Beaumont just across the Louisiana border. This created approximately 3,000 construction jobs and is expected to create at least 77 new permanent jobs.

• Also in Sabine Pass, Qatar Petroleum, ExxonMobil and ConocoPhillips are planning a $10 billion LNG export terminal, which would create more than 3,800 new jobs in the United States during its 25-year operation phase, including more than 200 permanent jobs.

• In nearby Nederland, Texas, OCI Partners, LP, a subsidiary of Natgasoline LLC, is investing $250 million in an expansion that will make it the largest methanol plant in the US, creating 3,000 jobs over three years and 240 permanent jobs when the plant is complete.

• In Port Arthur, Sempra LNG is planning a $10 billion LNG export terminal that would create 140 permanent jobs and Total and BASF are planning a $2 billion ethylene cracker that could create 3,500 construction jobs and 45 full-time jobs once complete.

• Taking into consideration the full number of petrochemical projects currently under construction or proposed along the Texas and Louisiana Gulf Coast, and the amount of investment grows to over $100 billion.

Area overview

The Beaumont metro area

The Beaumont-Port Arthur metropolitan area is a four-county region located between Houston, Texas and Lake Charles, Louisiana, a convenient hub for regional, national and worldwide commerce. Connected by Interstate Highway 10, as well as US Highways 69, 96, 90, 105 and 287, access to relative markets is reliable and efficient. The Sabine Neches Waterway, Lower Neches Valley Authority, Sabine River Authority and the Gulf of Mexico provide water access to the region while the Jack Brooks Regional Airport and Amtrak, along with commercial transporters BNSF, UP and KCS provide air and rail service.

Refineries and Export Terminal Construction Boom

Hydraulic fracturing (“fracking”) and advanced drilling technologies allowed exploration and production companies to release oil and gas from shale rock formations in the U.S. for the first time in history within the past few years. The overwhelming amount of natural gas released from these formations caused gas prices to sink, which has been great for chemical companies, since many of them use natural gas liquids as feedstock for their products and use natural gas to power their plants. As drivers benefit from low gas prices, so, too, do refiners – on a massive scale. The recent collapse in oil and gas prices from Q4 2014 to the present only added incentive for downstream companies to invest in new refineries and LNG plants in Texas.

Bill Gilmer of the UH Bauer Institute for Regional Forecasting says that economic expansion from the north and west of the Houston metro area is shifting to the south and east, as downstream replaces upstream as the near term job creator. More white-collar jobs will be replaced with blue-collar jobs. The plants under construction will at first encourage construction jobs, with more sustainable job growth expected for the longer-term, as the plants require less labor to maintain once up and running. Southeast Texas is home to the largest refinery in North America and the fifth-largest in the world, with a refining capacity of 600,000 bbl/d, owned by Motiva Enterprises, LLC, a 50-50 joint venture between Shell Oil Company (the wholly owned American subsidiary of Royal Dutch Shell) and Saudi Refining (controlled by Saudi Aramco).

There are currently over $6.25 billion of petrochemical projects under construction in the Beaumont area, and an additional $22 billion of proposed projects.

• Cheniere is finishing its $6 billion LNG export terminal at Sabine Pass this year, the first of its kind in the United States, a less than 20-minute drive from downtown Beaumont just across the Louisiana border. This created approximately 3,000 construction jobs and is expected to create at least 77 new permanent jobs.

The Sabine-Neches Waterway

THE SABINE-NECHES WATERWAY Access to Energy & Transportation Infrastructure The Sabine-Neches Navigation District is leading a $1.1 billion expansion project to deepen the Waterway from 40 feet to 48 feet The Sabine-Neches Waterway links to an extensive energy pipeline system, which and increase its length to 73 miles. A deeper channel will allow connects to nearly every state in the country. The waterway is also home to 55 larger ships to reach local ports and critical industrial facilities percent of the nation’s strategic petroleum reserves. It is an integral component resulting in increased economic activity, growing transportation of U.S. energy and military transportation infrastructure – home to two strategic needs and attracting new growth to Southeast Texas. New jobs in Jefferson County are estimated at 78,000, annual gross product is commercial seaports and connecting to Fort Hood by rail. expected to increase by $23 billion. The project is expected to begin in late 2016 and will take 12 to 15 years to complete. Skilled Workforce

Business Friendly Community

Manufacturing, refining, logistics – it’s what Beaumont is known for. Industries along the Sabine-Neches Waterway produce components that go into nearly every product Americans use on a daily basis, from gasoline to medicine to paints and plastic. These industries fuel the economy in the area and beyond, providing jobs, tax dollars and community investments that benefit everyone.

Positioned for Growth

There’s room to expand along the Sabine-Neches Waterway. Very few places in the country have the available land, trained workforce and business-friendly community that the Sabine-Neches Waterway offers. It’s why industry has spent approximately $35 billion in new investments in recent years, with plans for another $25 billion in new investment over the next few years.

Disclaimer

This Confidential Offering Memorandum (“Memorandum”) is furnished to prospective purchasers solely to facilitate the purchaser’s consideration of the Property known as 555 Main Street, located in Beaumont, Texas (“Property”). The Memorandum contains proprietary information and was prepared by JLL using information compiled from sources we consider to be reliable. However, the Seller makes no representations or warranties herein and the building is being sold in an “as-is, where-is” condition. By receipt of this Memorandum, you agree that: (a) the Memorandum and its contents are of a confidential nature and that you will hold and treat it in strictest confidence; (b) you will not reproduce, transmit or disseminate the information contained in the Memorandum through any means, or disclose this Memorandum or any of its contents to any other entity without the prior written authorization of JLL nor will you use this Memorandum or any of its contents in any fashion or manner detrimental to the interests of JLL or seller; and (c) upon request you will return the Memorandum without retaining any copy or extracting any portion thereof.

This Memorandum does not purport to be all-inclusive or to contain all the information which prospective purchasers may desire. Certain documents, including leases and other materials, are described herein in summary form. The summaries are not complete descriptions of the full agreements. Interested parties are expected to review all such documents independently. Financial projections are provided for reference purposes only and are based on assumptions relating to the general economy, competition and other factors beyond the control of Jones Lang LaSalle and are, therefore, subject to material variation. Additional information and an opportunity to inspect the Property will be made available to qualified prospective purchasers upon request. Each purchase offer is to be based strictly and entirely upon the purchaser’s independent investigation, analysis appraisal and evaluation of facts and circumstances deemed relevant by the purchaser. Neither Jones Lang LaSalle nor any of their respective directors, officers or affiliates have made any representation or warranty, expressed or implied, as to the accuracy or completeness of this Memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of this Memorandum or its contents.

This offering is submitted and received with the understanding that all offers for the acquisition of the herein described property will be conducted through JLL. The sellers and JLL expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers to purchase the Property and/or terminate discussions with any entity at any time with or without notice.

INFORMATION ABOUT BROKERAGE SERVICES Texas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.

TYPES OF REAL ESTATE LICENSE HOLDERS: • A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker. • A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): • Put the interests of the client above all others, including the broker’s own interests; • Inform the client of any material information about the property or transaction received by the broker; • Answer the client’s questions and present any offer to or counter-offer from the client; and • Treat all parties to a real estate transaction honestly and fairly.

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:

AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner’s agent through an agreement with the owner, usually in a written listing to sell or property management agreement. An owner’s agent must perform the broker’s minimum duties above and must inform the owner of any material information about the property or transaction known by the agent, including information disclosed to the agent or subagent by the buyer or buyer’s agent.

AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant’s agent by agreeing to represent the buyer, usually through a written representation agreement. A buyer’s agent must perform the broker’s minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by the seller or seller’s agent.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. A broker who acts as an intermediary: • Must treat all parties to the transaction impartially and fairly; • May, with the parties’ written consent, appoint a different license holder associated with the broker to each party (owner and • buyer) to communicate with, provide opinions and advice to, and carry out the instructions of each party to the transaction. • Must not, unless specifically authorized in writing to do so by the party, disclose: • that the owner will accept a price less than the written asking price; • that the buyer/tenant will pay a price greater than the price submitted in a written offer; and • any confidential information or any other information that a party specifically instructs the broker in writing not to disclose, unless required to do so by law.

AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: • The broker’s duties and responsibilities to you, and your obligations under the representation agreement. • Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.

LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposes. It does not create an obligation for you to use the broker’s services. Please acknowledge receipt of this notice below and retain a copy for your records.

For more information, please contact:

Rick Goings 713 425 5855 [email protected]

Rudy Hubbard 713 425 5853 [email protected]

Kevin McConn 713 425 5839 [email protected]

1400 Post Oak Blvd | Houston, Texas 77056 www.us.jll.com/capitalmarkets

Copyright © Jones Lang LaSalle IP, Inc. 2018 This publication is the sole property of Jones Lang LaSalle and must not be copied, reproduced or transmitted in any form or by any means, either in whole or in part, without the prior written consent of Jones Lang LaSalle. The information contained in this publication has been obtained from sources generally regarded to be reliable. However, no representation is made, or warranty given, in respect of the accuracy of this information. We would like to be informed of any inaccuracies so that we may correct them. Jones Lang LaSalle does not accept any liability in negligence or otherwise for any loss or damage suffered by any party resulting from reliance on this publication. Jones Lang LaSalle Americas, Inc., California license # 01223413. Jones Lang LaSalle Americas, Inc. License # 19262. 20