SUPERIOR ACCESSIBILITY • Dallas/Fort Worth International Airport • Adjacent to the Property • Fourth-busiest airport in the world • 1,830 daily flights • 66 million annual passengers • 3660 Regent enjoys immediate access to virtually every employment, residential, and amenity base in the Metroplex via network of highways including I-635, I-35E, and SH-114

INSTITUTIONAL QUALITY ASSET • Institutionally owned and maintained throughout its history • Expansive and flexible floor plates with 10’ ceilings offer high efficiency configurations • Best-in-class parking ratio of 5.9:1000 SF

EXCEPTIONAL IMMEDIATE AREA AMENITIES • Numerous retail, hotel and restaurant options located within walking distance including Panda Express, Jimmy John’s, McAlister’s Deli, and the unique PINSTACK dining, bowling and entertainment destination coming Summer 2017 PROPERTY DESCRIPTION

PROPERTY OVERVIEW

ADDRESS: 3660 Regent Blvd Irving, TX 75063

MARKET: Las Colinas

SUBMARKET: Freeport

YEAR BUILT: 1999

OCCUPANCY: 100%

SQUARE FEET: 158,728

# OF FLOORS: 2

SITE AREA: 13.5 acres

PARKING: 936 parking spaces (5.9/1,000 sf)

ENVIRONMENTAL DISCLAIMER Ownership has not received any notice from any applicable government agency of any environmental concerns at the Property. Neither Ownership nor HFF, however, make any representations or warranties regarding the environmental condition of the Property. Prospective investors should undertake their own environmental study and analysis during the due diligence period. GENERAL INFORMATION

BUILDING HEIGHT: 2 stories, Approximately 40’

10’ ceiling heights FINISHED CEILING HEIGHT: in the typical office space.

FLOOR TO FLOOR HEIGHT: Level 1: 15’ 0”

Level 2: 15’ 0”

WINDOW MULLION SPACING: 9’ 11”

PARKING

SURFACE LOT: 900 General 6 Visitor

30 Handicap TOTAL SPACES: 936

PARKING RATIO: 5.9 spaces per 1,000 SF PROPERTY DESCRIPTION

CONSTRUCTION The structure consists of perimeter site-cast concrete tilt-wall panels with interior steel columns which all support concrete-topped steel STRUCTURE: beams, joists and deck. The roof consists of steel beams, joists and deck supported by the steel columns and concrete wall panels. Sealant is present at the joints between the wall panels.

FOUNDATION: Concrete drilled piers with grade beams and a concrete slab-on-grade.

WINDOWS: Aluminum-framed storefront windows with fixed panes of insulated glazing.

ROOF: Built-up with gravel ballast and is 18 years old.

FAÇADE: Painted concrete.

The lobby flooring is granite tile, and carpet in LOBBY FINISHES: secondary areas. Lobby wall finishes painted gypsum board.

The cab floors are carpet while the wall panels are ELEVATOR FINISHES: plastic laminate and stainless steel. The ceiling is a dropped panel of stainless steel with recessed light fixtures.

Floors are ceramic tile which extends up portions RESTROOM FINISHES: of the walls. Wall areas are vinyl-clad gypsum board and the ceilings are painted gypsum board. Any newly renovated restrooms contain 1’ x 2’ polished ceramic tile floor. Walls are vinyl wrapped. Lavatories consist of polished marble countertops with one hands-free faucets and soap dispensers. BUILDING SYSTEMS

ELEVATORS: Two Dover hydraulic elevators with 3,500 lbs capacity each.

Direct-expansion roof-mounted packaged units. Heating is provided but gas- HVAC: fired coils. Tempered air is distributed via sheet steel ductwork to a network of variable air volume (VAV) boxes above the finished ceilings. 30 units are 2000 year models, one is 1999, one is 1998, and one is 2012.

EMS: i-Vu.ccn Plus Energy Management System controls the starting, stopping, and sequencing of the HVAC equipment such as RTU’s.

LIFE SAFETY SYSTEM: The Property is covered by a fully-automatic sprinkler system in all areas. The wet system is supplied by city water. There is no fire pump.

A central fire alarm panel supervises hardwired smoke detectors, pull stations and flow switches in the fire sprinkler system. Upon signal notification, the panel FIRE PANEL: activates alarm horn/strobes and contacts a third-party monitoring agency. Additional common area life safety systems include battery-powered emergency lighting fixtures and illuminated exit signs.

ACCESS CONTROL: Building access is controlled through a card-key system (Facility Commander Wnx) and is original to the building.

PLUMBING: Domestic water is provided by copper piping while sewer and vent piping are primarily PVC.

Main power to the building is supplied from an exterior utility-owned transformer located at the west end of the building. The main switchgear has 13,000 amperes ELECTRICAL: capacity and provides (277/480) volt, 3-phase, 4-wire service throughout the Property. Low voltage (120/208) is supplied by step-down transformers located in electrical rooms throughout the building. Ownership makes no representation or warranty as to the ADA or other ADA FLOOR UPGRADES: compliance of the Property. Prospective investors should complete their own study of the Property’s physical conditions, including ADA compliance, prior to purchase. SITE PLAN IRVING / LAS COLINAS LOCATION OVERVIEW

Las Colinas Urban Center

Dallas CBD

Irving Convention Center at Las Colinas PINSTACK Cypress Waters 1,000-acre dining, bowling and Mixed-Use Development entertainment destination Hackberry Creek coming Summer 2017 Single Family Development Corporate Campus Bridges Residential Community Headquarters Headquarters Headquarters

N Belt Line Rd 39,000 VPD

Element Dallas/Fort Worth Airport North

Royal Crossing W Royal Ln

Regent Blvd 19,000 VPD

(2 miles) 3660 Regent is located in Las Colinas, a 12,000 acre master planned business and residential community centrally located between Dallas and Fort Worth, immediately adjacent to DFW International Airport. In recent years, economic development in Irving / Las Colinas has been very strong with the addition of nearly $6 billion in new and planned investments, including 5.9 million square feet of commercial and residential space, 12,000 residential units, and 1,000 hotel rooms. Las Colinas offers the prestige of an elite and visionary master-planned community, world class amenities and proximity to the world’s third- busiest airport. NOTABLE LAS COLINAS DEVELOPMENTS

CYPRESS WATERS • 1,000-acre mixed-use development across the highway from 3660 Regent • A $3.5 B complex 400,000 SF of retail, 10,000 residences, and 3 one-acre parks • Home to 7-Eleven, Cheddar’s, OneSource Virtual, CoreLogic, Brinker International and NationStar Mortgage headquarters • The Shops of Cypress Waters features 45,000 SF of retail including a Conn’s, The Dump and Home Depot • Neighborhoods of Cypress Waters already delivered 814 multifamily units with plans to deliver another 700 • The development includes 10,000 residences with schools, parks, trails, and a lakeside town center

• By 2018, the development will be home to more than 2,600 residents CYY PRP ESS WAWATERSR S

CYY PRR ESS S WATTERRSS IRVING / LAS COLINAS LOCATION OVERVIEW

IRI R VIV I NGN G M USU S IIC FAACTOT O RYRY

IRVING MUSIC FACTORY HIDDEN RIDGE • Opening late 2017 • Verizon Corp. and KDC recently received approval from the City of Irving to construct Hidden Ridge, a $1.5 billion, 158-acre mixed-use • $165 million development development that is adjacent to the Verizon campus • 185,000 SF of retail space that will house 20+ full-service restaurants • Will include office uses, 85,000 SF of retail space, 150 hotel rooms, • 100,000 SF of office space that is 100% preleased and hundreds of new apartment units and townhomes • 8,000 seat indoor / outdoor concert venue • Adjacent to the new DART station connecting to DFW Airport, Dallas Love Field Airport and Downtown Dallas • 50,000 SF open air plaza for festivals, concerts, and two or more outdoor stages PARKSIDE RESIDENTIAL COMMUNITY • The Parkside development is a new upscale residential community GABLES WATER STREET one mile south from 3660 Regent • Opening Fall 2017 • Parkside East is a 70-acre land development that will contain 250 • $100 million, 14-acre development single-family residential lots • 340 multifamily units to be built in phase I • Parkside West is a 165-acre land development that will contain 650 single-family residential lots • 60,000 retail SF with tenants such as Olivella’s, Twisted Root Burger, and Main Street Bistro & Bakery • The community’s amenities include a playground, parks and trails, nearby lakes and a popular dog park • Adjacent to Lake Carolyn and the DART Orange Line NEIGHBORING LAS COLINAS ATTRACTIONS

IRVING CONVENTION CENTER AT LAS COLINAS • $133 million development • 100,000 square feet of meeting space • Can accommodate groups up to 4,000 people • Draws over 160,000 visitors annually

GROWING HOTEL MARKET • The North Irving area consists of 52 hotel properties consisting of 8,439 rooms • The market as a whole experienced a 8.9% revenue per available room growth in 2015 • The Dallas lodging market experienced record-breaking revenue per available room growth (+10%) • Record-breaking visitation was reached, attracting nearly 25 million visitors to Dallas / Fort Worth

FOUR SEASONS RESORT AND CLUB DALLAS AT LAS COLINAS • 400 acres of rolling Texas hills • Home of the AT&T Byron Nelson Golf Championship • Includes 397 guest rooms and 20 suites with private patios • The only Four Seasons in the Dallas Metroplex

IRVING CONVENTION CENTER HOTEL • The Westin Hotels & Resorts will be a 250-room hotel at the Irving Convention Center • Opening Fall 2017 • The proposed 12-story hotel will offer 16,000 SF of meeting space, including a 10,000 SF ballroom IRR VING C ONVEV NTION CENTER IRVING / LAS COLINAS LOCATION OVERVIEW

ROBUST SINGLE FAMILY AND MULTI-HOUSING MARKET • Over 1,565 apartment units were completed in Las Colinas within the last two years • Approximately 1,414 units are either planned or under construction • Over 2,500 single family homes are either planned or under construction • In total, Las Colinas has over 20,000 multifamily apartments units with an average occupancy of over 95%

TRANSPORTATION

MAJOR CONNECTING ARTERIES • SH-114 – 120,000+ VPD • SH-161 – 65,000+ VPD • I-635 – 230,000+ VPD • I-35 – 300,000+ VPD • Loop 12 – 145,000+ VPD

DFW AIRPORT • Provides over 1,800 flights per day • Total of $37 billion in economic impact with a $12.5 billion payroll supporting 228,000 jobs. • World’s 3rd busiest airport for flight operations (takeoffs and landings) • A total of 65.7 million passengers in 2016 – ranks 4th in U.S. and 10th in the world • A total of 8.4 million international passengers in 2016 – 5.8% annual increase • Central North American location, within 4 hours of any major city in the U.S., Mexico and Canada • 213 non-stop destinations and 58 international destinations

MAA NDAALL AYAY C ANAL WALK ATAT L ASA S C OLO L INN AASS LAS COLINAS OFFICE MARKET OVERVIEW

3660 Regent is located in Las Colinas, Texas, a city located within the booming Dallas / Fort Worth (DFW) Metroplex. One of the primary areas of growth in the DFW Metroplex – both economically and demographically – is the burgeoning Las Colinas area. More than 5% of Dallas’ employment base, or approximately 120,000 people, currently work in the vibrant Las Colinas employment center. According to projections from the North Central Texas Council of Governments, Las Colinas’ workforce should approach approximately 194,000 by 2040. Las Colinas is an ideal corporate environment due to its inventory of high quality office space, a skilled and talented labor pool, proximity to Dallas/Fort Worth International Airport and impressive roster of ever-growing blue chip office tenants. This combination of business factors gives Las Colinas a distinct edge over nearly every business center in the Metro area.

Fort Worth CBD

World’s 3rd busiest airport for flight operations

Parkside West

W Royal Ln

Royal Crossing ,000 VPD nt Blvd 9 Rege

Indian Cafe N Belt Line Rd 39,000 VPD

Element Dallas/Fort Worth Airport North Las Colinas is known as a big tenant marketplace with more than 2,000 corporations including 30+ Fortune 500 firms, five of which have world headquarters here. Las Colinas’ corporate residents include global headquarters for ExxonMobil, Commercial Metals, Fluor and Kimberly-Clark. Below is a partial list of companies who either have their headquarters or a significant presence in Las Colinas.

Energy giant Exxon Mobil Corporation, the second largest firm NEC America develops and manufactures data and voice on the 2016 Fortune 500 with revenues of $246.2 billion in 2015. networking equipment and related software. Their campus is Exxon Mobil employs about 535 workers locally at its global located at the northwest corner of SH 114 and SH 161 in Las headquarters in Las Colinas. Colinas and currently employs an estimated 700 workers.

Fluor Corp, a Fortune 500 (ranked 155th) engineering and Citigroup, one of the largest financial services groups in the construction company, relocated its international headquarters world, houses over 6,300 workers in Las Colinas. The behemoth from Orange County, California to Las Colinas in April 2006 bought Associates First Capital Corp. in 2000, spearheading its and built a 120,000-square-foot office building on Las Colinas major presence in the local marketplace. Boulevard, just north of Royal Lane.

Kimberly-Clark is the nation’s top maker of personal products including brand names Kleenex, Scott, Cottonelle and Huggies. Celanese moved into 110,000 square feet during 2011 at Urban The tissue, personal and health care products manufacturer Towers. Celanese ranks 453rd on the 2016 Fortune 500 list and ranked 151th on the 2016 Fortune 500 list, had $18.6 billion maintains their global headquarters in Las Colinas. in annual revenues in 2015 and is also headquartered in Las Colinas.

7-Eleven is the largest convenience store chain in the world with Commercial Metals Company posted $6.2 billion in revenues over 60,000 locations globally. Annual revenues are estimated at during 2014 and ranked 417th on the 2016 Fortune 500 list. The over $6 billion. The company relocated to Irving from downtown steel manufacturer’s headquarters is in Las Colinas. Dallas in 2015.

Verizon Communications, one of the world’s largest Other major corporate users in the submarket include: Michaels telecommunications firms, is the seventh largest employer in the Stores, Zale Corporation, Flowserve, Pioneer Natural Resources, Metro area with 765 local workers. Verizon’s world headquarters AAA-Texas, AT&T, General Motors, Microsoft, Oracle, TXU Energy, for Telephone Operations are located in Las Colinas. Lufthansa, VHA, Sprint, Conexis and many other notable firms.