Location/ NWC I-45 & Louetta Houston (Spring), TX. Traffic Counts/ Facts/ Number of HH

Transcription

1 NWC I-45 at Louetta Houston (Spring), Texas SPACE AVAILABLE Acres Chad Moss W chadmoss@propertycommerce.com Interstate 45 Houston Louetta Road MAJOR TENANT SPACE Up to 40,000/sf SMALL TENANT SPACE Up to 10,000/sf REMAINING LAND 3.43 Acres LEASE RATE Call for Quote Utilities to the site Location/ NWC I-45 & Louetta Houston (Spring), TX Traffic Counts/ I-45: 251,300 cpd Louetta Rd: 33,790 cpd* Facts/ 2007 Average Daily Traffic Counts * Hour Traffic Count Area Retailers includes SuperTarget, WalMart, Supercenter, Home Depot, Lowe s, Kohl s, Best Buy, Ross, Kroger, Michael s, Office Depot Close proximity to New Exxon Mobile Campus 10,000 Employees Cheddar s, Furr s Buffet & Panera Bread Outstanding Visibility & Access Demographics 2013/ 1mi 3mi 5mi Population 6,268 75, ,108 Avg. HH Population 91,840 77,590 80,166 Number of HH 2,085 26,535 73,046 This property is subject to price change, prior sale or withdrawal from the market at any time. This is a bulletin and not an offer. The information is believed to be correct, but is not guaranteed and is not necessarily complete. Any offer must be based on the purchaser s/tenant s own investigation and not on any representations made by Property Commerce JW, Inc. or by any selling/leasing broker.

2

3 Exxon Mobil campus overview: It's big Site north of Houston taking shape, with room for workforce of 10,000 The Exxon Mobil campus near Interstate 45 and the Hardy Toll Road takes up 386 acres, and roughly 20 structures are being built there. By Nancy Sarnoff April 21, 2013 The Exxon Mobil campus north of Houston is taking shape, and a good place get a look at what's being developed is from above. Aerial photos show multiple buildings and parking garages being framed on the 386-acre site west of Interstate 45 near the Hardy Toll Road. It's like a small downtown being built from scratch. There are about 20 structures under construction by a workforce of 3,000, company spokesman Patrick McGinn said. When it's completed in mid-2015, the development will house 10,000 people. Employees are expected to start moving in early next year, McGinn said. The project is having a tremendous impact on the area surrounding it. Vacant office space is hard to find, and home prices are springing up amid insatiable housing demand. Exxon Mobil Corp. is transferring about 2,000 workers from out of state. Most of those employees will come from the company's offices in Fairfax, Va. About 8,000 are being consolidated from Houston-area buildings. As it prepares to move, Exxon Mobil has started disposing of the real estate it will no longer need.

4 Exxon Mobil will transfer about 2,000 workers from outside Texas to its site near Woodlands. Some 8,000 others will come from Houston-area sites. The company just listed for sale a 35-acre facility in the Energy Corridor. The property, which houses ExxonMobil Chemical Co., includes an office building and conference center totaling 352,170 square feet, ac- cording to HFF, which is marketing the property at Katy Freeway The Exxon Mobil has already sold its downtown Houston building at 800 Bell to San Francisco-based Shorenstein Properties, and last week it listed its 117-acre Fairfax campus. Not much space to lease Leasing activity in the office market has slowed, but it's not for lack of demand. "We don't have much vacant space on the market," said Sanford Criner, executive vice president of CBRE in Houston. The new Exxon Mobil corporate campus under construction near The Woodlands is seen on Thursday, April 11, The new development is near Interstate 45 and the Hardy Toll Road. In total, the complex will house 10,000 people when it opens in (Smiley N. Pool / Houston Chronicle ) Companies looking for large blocks of Class A space - the nicest and newest around have limit ed choices in existing buildings. In west Houston and The Woodlands, available space is virtually nonexistent, according to a report from CBRE. The vacancy rate for high-end space across the Houston area fell to 7.4 percent in the first quarter. The last time vacancy was that low developers added 6 million square feet to the market. Rental rates are moving upward, once again supporting new construction. Nearly 7 million square feet of office space is under construction, but only 1.2 million square feet will be ready in the next three months. And of that space, 60 percent is preleased.

5

6 I-45 at Louetta Houston (Spring), Texas FM 2920 Spring-Cypress Louetta Road Interstate 45 Holzwart Spring High School 5A Cypresswood

7 I-45 at Louetta Houston (Spring), Texas

8 Pop-Facts: Demographic Quick Facts 2013 Report I-45 at Louetta Radius 1: / , aggregate Radius 2: / , aggregate Radius 3: / , aggregate Population 2018 Projection 2013 Estimate 2010 Census 2000 Census Description miles Radius 1 7,183 6,268 5,686 2, miles miles % Radius 2 % Radius 3 % 83, ,218 75, ,108 70, ,056 46, ,782 Growth % 50.97% 60.17% Households 2018 Projection 2013 Estimate 2010 Census 2000 Census 2,349 2,085 1, ,218 26,535 25,036 17,162 80,842 73,046 68,532 44,411 Growth % 45.88% 54.31% 2013 Est. Population by Single Classification Race 6,268 75, ,108 White Alone 3, Black or African American Alone 1, American Indian and Alaska Native Alone Asian Alone Native Hawaiian and Other Pacific Islander Alone Some Other Race Alone Two or More Races ,386 15, , ,107 2, , , , , , , Est. Population Hispanic or Latino 6,268 75, ,108 Hispanic or Latino 1, Not Hispanic or Latino 4, ,524 54, , , Tenure of Occupied Housing Units 2,085 26,535 73,046 Owner Occupied 1, Renter Occupied ,905 8, , , Average Household Size Prepared On: Tues Oct 30, 2012 Page 1 Of 3 Prepared By: Nielsen Solution Center Prepared For: 2012 The Nielsen Company. All rights reserved.

9 Radius 1: / , aggregate Radius 2: / , aggregate Radius 3: / , aggregate Pop-Facts: Demographic Quick Facts 2013 Report Description I-45 at Louetta miles Radius miles miles % Radius 2 % Radius 3 % 2013 Est. Households by Household Income 2,085 26,535 73,046 CY HHs, Inc < $15, CY HHs, Inc $15,000 - $24, CY HHs, Inc $25,000 - $34, CY HHs, Inc $35,000 - $49, CY HHs, Inc $50,000 - $74, CY HHs, Inc $75,000 - $99, CY HHs, Inc $100,000 - $124, CY HHs, Inc $125,000 - $149, CY HHs, Inc $150,000 - $199, CY HHs, Inc $200,000 - $249, CY HHs, Inc $250,000 - $499, CY HHs, Inc $500, ,271 2,107 2,188 3,694 5,283 4,419 2,741 1,427 1, , , , , , , , , , , , Est. Average Household Income $91,840 $77,590 $80, Est. Median Household Income $80,701 $64,233 $63, Median HH Inc by Single Race Class or Ethn White Alone Black or African American Alone American Indian and Alaska Native Alone Asian Alone Native Hawaiian and Other Pacific Islander Alone Some Other Race Alone Two or More Races 87,296 71,683 22,914 79,750 40,479 56, ,930 73,584 41,894 33,366 82,110 43,426 54,381 44,175 71,476 45,129 39,377 75,893 44,285 56,631 46,715 Hispanic or Latino Not Hispanic or Latino 53,570 85,843 46,870 69,242 49,412 68,571 Prepared On: Tues Oct 30, 2012 Page 2 Of 3 Prepared By: Nielsen Solution Center Prepared For: 2012 The Nielsen Company. All rights reserved.

10 Area Map Coord: , Radius - See Appendix for Details Prepared on: Prepared For: Tues Oct 30, 2012 Page 1 of 2 Nielsen Solution Center The Nielsen Company. All rights reserved. Prepared By: TomTom

11 Approved by the Texas Real Estate Commission for Voluntary Use Texas law requires all real estate licensees to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords. Information About Brokerage Services Before working with a real estate broker, you should know that the duties of a broker depend on whom the broker represents. If you are a prospective seller or landlord (owner) or a prospective buyer or tenant (buyer), you should know that the broker who lists the property for sale or lease is the owner's agent. A broker who acts as a subagent represents the owner in cooperation with the listing broker. A broker who acts as a buyer's agent represents the buyer. A broker may act as an intermediary between the parties if the parties consent in writing. A broker can assist you in locating a property, preparing a contract or lease, or obtaining financing without representing you. A broker is obligated by law to treat you honestly. IF THE BROKER REPRESENTS THE OWNER: The broker becomes the owner's agent by entering into an agreement with the owner, usually through a written listing agreement or by agreeing to act as a subagent by accepting an offer of subagency from the listing broker. A subagent may work in a different real estate office. A listing broker or subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. The buyer should not tell the owner's agent anything the buyer would not want the owner to know because an owner's agent must disclose to the owner any material information known to the agent. IF THE BROKER REPRESENTS THE BUYER: The broker becomes the buyer's agent by entering into an agreement to represent the buyer, usually through a written buyer representation agreement A buyer's agent can assist the owner but does not represent the owner and must place the interests of the buyer first. The owner should not tell a buyer's agent anything the owner would not want the buyer to know because a buyer's agent must disclose to the buyer any material information known to the agent. IF THE BROKER ACTS AS AN INTERMEDIARY: A broker may act as an intermediary between the parties if the broker complies with The Texas Real Estate License Act. The broker must obtain the written consent of each party to the transaction to act as an intermediary. The written consent must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligations as an intermediary. The broker is required to treat each party honestly and fairly and to comply with The Texas Real Estate License Act. A broker who acts as an intermediary in a transaction: (1) shall treat all parties honestly; (2) may not disclose that the owner will accept a price less than the asking price unless authorized inw riting to do so by the owner; (3) may not disclose that the buyer will pay a price greater than the price submitted in a written offer unless authorized in writing to do so by the buyer; and (4) may not disclose any confidential information or any information that a party specifically instructs the broker in writing not to disclose unless authorized in writing to disclose the information or required to do so by The Texas Real Estate License Act or a court order or if the information materially relates to the condition of the property. With the parties' consent, a broker acting as an intermediary between the parties may appoint a person who is licensed under The Texas Real Estate License Act and associated with the broker to communicate with and carry out instructions of one party and another person who is licensed under that Act and associated with the broker to communicate with and carry out instructions of the other party. If you choose to have a broker represent you, you should enter into a written agreement with the broker that clearly establishes the broker's obligations and your obligations. The agreement should state how and by whom the broker will be paid. You have the right to choose the type of representation, if any, you wish to receive. Your payment of a fee to a broker does not necessarily establish that the broker represents you. If you have any questions regarding the duties and responsibilities of the broker, you should resolve those questions before proceeding. Real estate licensees asks that you acknowledge receipt of this information about brokerage services for the licensee's records. Buyer, Seller, Landlord or Tenant Date Texas Real Estate Brokers and Salesmen are licensed and regulated by the Texas Real Estate Commission (TREC) If you have a question or complaint regarding a real estate licensee, you should contact TREC at P O Boc 12188, Ausin, Texas or Realty One Software, PO Box 2489, Amarillo, TX (888) Provided by: Property Commerce ID: Texas RE Broker