GATEWAY TO WEST COMMERCE UPTOWN DALLAS BAYLOR MEDICAL DISTRICT 22,000 employees VICTORY PARK 75-acre master-planned DESIGN DISTRICT development Fourth largest portfolio of designer showroom space in the country TRINITY GROVES DEEP ELLUM Bridge nt Hill Hu ret DALLAS CBD rga Ma 113,000 employees West Commerce St FORT WORTH AVE RETAIL GATEWAY TO CEDARS WEST COMMERCE KESSLER PARK Methodist Dallas Single Family Residential Medical Center Avg. List Price - $675,000 2,900+ Employees TRINITY RIVER Stevens Park Golf Course NORTH OAK CLIFF BISHOP ARTS DISTRICT 100+ Restaurants & Retail Destinations 7 of the Top 100 Restaurants in Dallas TRINITY GROVES VICTORY PARK/DALLAS CBD FUTURE HAROLD SIMMONS PARK BISHOP ARTS DISTRICT OFFERING SUMMARY In ment Overview HFF has been exclusively retained to offer an opportunity for qualified investors to purchase the fee simple interest in a site known as Gateway to West Commerce (the “Site”). The 4.75-acre site is located in Trinity Groves at the SW corner of W Commerce Street and N Beckley Avenue. The Site is located in the Planned Development District 714, allowing for a variety of uses including office, retail, and apartments. Gateway to West Commerce boasts excellent access to Dallas’ Airports and primary traffic arteries as well as close proximity to a wide array of lifestyle amenities including the acclaimed Trinity Groves, Victory Park, Bishop Arts District, and more. Additionally, Gateway to West Commerce is located just minutes from Downtown Dallas (approximately 1 mile from the Site). This highly visible location represents a unique opportunity to acquire/develop in an infill location with access to the best economic drivers the city has to offer. Site Description North Beckley Avenue Location: 218 W Commerce Street Dallas, TX 75208 View Corridor: 562 linear feet of Dallas CBD Visibility GATEWAY TO Acreage: 4.75 acres WEST COMMERCE Commerce Street Zoning: PD 714, Subdistrict 1A Maximum Floor Area Ratio: 3.5 Maximum Density: No maximum number of dwelling units Height Restriction: 145 Feet Maximum Height: 11 Stories Beatrice Street Lot Coverage: 80% Setback Requirement: 6-foot Minimum Langford Street 15-foot Maximum DFW ECONOMIC Overview 108,200 New jobs added 136,649 Projected new jobs during year-ending created from 2017 - 2021 July 2017 516,986 #2 in the U.S. Projected population Trailing 12 month growth from 2017 - 2021 job growth GATEWAY TO 2 WEST COMMERCE Investment Highlights Booming West Dallas Location – Benefiting from its infill location and West Dallas address, Gateway to West Commerce is bordered to the north by Trinity Groves, and to the south by the Bishop Arts District. Both areas have transformed from historic districts to what is now some of the most exciting and eclectic areas to “Live, Work, Play.” Long known for its’ local, chic shopping and its popular boutique eateries and cafés, West Dallas has recently exploded in popularity as Millennials flock to this entertainment district. With nearly 6% population growth projected within a 3-mile radius of the Property over the next five years, Gateway to West Commerce is poised to take full advantage of the massive growth of Dallas’ urban core. Neighborhood Economic Drivers – The Site sits amongst a number of surrounding economic drivers including: » Trinity Groves – a 60-acre redevelopment of new restaurant, retail, and entertainment destinations is within walking distance of the Site $ » Downtown Dallas – just over one mile from a workforce of more than 135,000 workers, three Fortune 500 headquarters, and more than 2,500 businesses » Bishop Arts District – home to over 60 independent boutiques, restaurants, bars, coffee shops, theatres and art galleries, and has often been compared to Austin’s famous 6th Street District – located approximately two miles from the Site » Uptown Dallas – home to the city’s strongest office, retail, and hospitality markets – less than three miles away » Victory Park – a 75-acre development sits less than two miles from the Site and includes the 20,000 seat American Airlines Center, home of the NBA’s Dallas Mavericks and NHL’s Dallas Stars, as well as the Victory W Hotel, the Class AA One Victory Park office tower, condominium units, retail, numerous restaurants, and a movie theatre that is currently under construction » Medical District – the largest hospital construction project in the United States was recently completed in the Medical District and cost more than $2.5 billion – approximately three miles from the Site » Design District – situated on 54 acres, the Dallas Design District contains more than 80 showrooms and millions of square feet of industrial space – just over one mile northeast of the site » Arts District – the 68-acre Arts District has an economic impact of over $128 million and is the largest contiguous arts district in the entire United States – approximately two miles northeast of the Site Excellent Frontage with Outstanding Access – With direct frontage along W Commerce Street, the Site enjoys excellent access as it sits less than one mile from Woodall Rodgers Freeway, I-30, and I-35E, and within close proximity to the Dallas North Tollway, US-75, and I-45. Together these thoroughfares provide the site with direct access to every economic driver in the Dallas area. Furthermore, the City of Dallas is spending almost $6M to reconstruct the corner of Beckley and Commerce, resulting in a pedestrian/bicycle friendly environment, with direct access to the Trinity River Levee Park System. Residential Zoning in Dallas’ Thriving Apartment Market – At the end of the second quarter of 2017, the North Oak Cliff/West Dallas submarket experienced rent growth of 3.1% over the previous year while occupancy levels within the submarket posted an average of 93.8% growth. Tremendous rent growth has been seen over the last five years for 2010+ product; since the end of the second quarter 2012, rents have increased approximately 80%. For the second quarter 2017, Class A properties in the submarket showed the second strongest monthly rent in Dallas at $1.75 per square foot. In addition, the North Oak Cliff/West Dallas submarket is projected to lead all Dallas submarkets with a 90 basis point increase in occupancy over the next twelve months. Bishop Arts District Medical District Design District GATEWAY TO 3 WEST COMMERCE Investment Highlights FUTURE HAROLD SIMMONS PARK DEVELOPMENT In late 2016, on the heels of a $50 million dollar gift by Annette Simmons, Dallas Mayor Mike Rawlings announced initial plans to begin development of Harold Simmons Park, named for Annette Simmons’ late husband. The gift is expected to cover roughly one-fifth of the expected $250 million cost to build the park, which is slated to be completed in 2021. The park will be located immediately adjacent to Gateway to West Commerce and will be part of a larger $600 million development as part of the Trinity River Project which upon completion will be 11 times as large as Manhattan’s Central Park. Dallas’s recently developed Klyde Warren Park shows the impact that a large-scale urban park development can have on real estate value. Office buildings immediately adjacent to the park saw gross rental ratesgrow 43% from the beginning of 2011 to the end of 2013, the years before and after the park’s completion. A similar phenomenon can be seen with multifamily rents along Dallas’sPARK CITIES Katy Trail. Katy Trail apartments average rents that are 22% higher than Uptown apartments off the Katy Trail. W R F UPTOWN DOWNTOWN DALLAS DALLAS S F DALLAS DESIGN DISTRICT FUTURE HAROLD SIMMONS PARK $600 MILLION DEVELOPMENT 2021 ESTIMATED COMPLETION M H H B S B .75 D D C S. GATEWAY TO WEST COMMERCE GATEWAY TO 4 WEST COMMERCE SYLVAN AVENUE TRINITY RIVER SINGLETON BOULEVARD GATEWAY TO FUTURE HAROLD SIMMONS PARK WEST COMMERCE COMMERCE STREET DOWNTOWN DALLAS 0.75 MILES Additional Information If you have any questions or require additional information, please contact any of the individuals below. BEN BEAIRD | Senior Director | [email protected] | (214) 692.4706 ROSS CRAWFORD | Real Estate Analyst | [email protected] | (214) 692.4712 For questions regarding debt structures on this Site, please contact: SCOTT FOWLER | Managing Director | [email protected] | (469) 232.1912 Offer Date: TBD Holliday Fenoglio Fowler, L.P Timing: All submissions must include specific terms relating to Due 2323 Victory Avenue, Suite 1200 Diligence and Closing time periods. Dallas, TX 75219 USA Telephone: (214) 265.0880 Facsimile: (214) 265.9564 www.hfflp.com ©2016 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..