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 © 2018 Jones Lang LaSalle IP, Inc. All rights reserved. 3 Investment Summary AT&T Call CenterName of Beaumont, offering Beaumont, | City, Texas Texas State 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 © 2018 Jones Lang LaSalle IP, Inc. All rights reserved. 4 Property Overview AT&T Call Center 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 © 2018 Jones Lang LaSalle IP, Inc. All rights reserved. 6 Property Overview AT&T Call CenterName of Beaumont, Beaumont,offering | City, Texas Texas State 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. © 2018 Jones Lang LaSalle IP, Inc. All rights reserved. 7 Property Overview AT&T Call CenterName of Beaumont, offeringBeaumont, | City, Texas Texas State © 2018 Jones Lang LaSalle IP, Inc. All rights reserved. 8 Property Overview AT&T Call CenterName of Beaumont, offering Beaumont, | City, Texas Texas State Site plan Pine Street 555 Main Street 141,525 rsf Tevis Street Cypress Street © 2018 Jones Lang LaSalle IP, Inc. All rights reserved. 9 Location Overview AT&T Call Center 10 Location Overview AT&T Call CenterName of offeringBeaumont, | City, Texas State Thriving and Diverse Local Economy anchored by Downstream Sector 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. 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. © 2018 Jones Lang LaSalle IP, Inc. All rights reserved. 11 Location Overview AT&T Call CenterName of Beaumont, offering Beaumont, | City, Texas Texas State © 2018 Jones Lang LaSalle IP, Inc. All rights reserved. 12 Location Overview AT&T Call CenterName of Beaumont,offering Beaumont, | City, Texas Texas State Area overview © 2018 Jones Lang LaSalle IP, Inc. All rights reserved. 13 Location Overview AT&T Call CenterName of Beaumont,offering Beaumont, | City, Texas Texas State 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). © 2018 Jones Lang LaSalle IP, Inc. All rights reserved. 14 Location Overview AT&T Call CenterName of Beaumont, offeringBeaumont, | City, Texas Texas State © 2018 Jones Lang LaSalle IP, Inc.