±2.6 acres at memorial dr & sandman stdmreland.com/wp-content/uploads/2018/04/dmre-2.6-ac...43...

MEMORIAL DR

SHEPHERD DR

SANDMAN ST

AUGUSTA ST ROY ST

SCOTLAND ST

Depelchin-Elkins Campus

River Oaks Shopping Center

St. Thomas High School

48,648 CPD

MONTROSE

HOME VALUESUP TO $947K

HOME VALUESUP TO $1M

Buffalo Bayou Park

DOWNTOWN HOUSTON • 2.3 MILESTEXAS MEDICAL CENTER

3.5 MILES

±2.6 ACRES

RIVER OAKSHOME VALUES UP TO $19.5M

±2.6 Acres at Memorial Dr & Sandman St Houston, TX 77007

O F F E R I N G M E M O R A N D U M

OFFER DEADLINE MAY 23

Tim [email protected] 713-955-3127M 713-459-8123

David [email protected] 713-955-3126M 713-206-1574

Tom [email protected] 713-955-3125M 713-557-4455

Clark DaltonVice [email protected] 713-955-3122M 832-449-2223

Becky HandSenior [email protected] 713-955-3121M 918-629-5592

Dillon MillsSenior [email protected] 713-955-3123M 713-254-3824

Tripp RichTransaction [email protected] 713-955-3124M 936-635-6968

Kenneth [email protected] 713-955-3120M 713-829-2615

Contacts

Dosch Marshall Real Estate713.955.3120

777 Post Oak Blvd Houston, TX 77056

www.dmreland.com

Exclusive RepresentationDosch Marshall Real Estate (DMRE) has been exclu-sively retained to represent the Seller in the disposition of ±2.6 acres at Memorial Dr and Sandman St in Houston, TX 77007 (Property). All inquiries about the Property should be directed to DMRE.

About DMREDosch Marshall exists to provide unmatched real estate brokerage services across the U.S. by connect-ing our expansive network, market knowledge, and expertise in land brokerage with innovative processes.

Founded in 2017, but in the Houston market for the past 15 years, our goal is to represent our clients with excellence. In real estate as in other industries experience is key: collectively, DMRE has 40 years of experience. Tim Dosch, David Marshall, and Tom Dosch have all been chosen in recent years for the Houston Heavy Hitters, an award that recognizes those who have traded the largest transactions in Houston for the year.

2±2.6 ACRES AT MEMORIAL DR & SANDMAN ST

±2.6 Acres at Memorial Dr & Sandman St• Rare, large land parcel with efficient layout for development• Frontage on four streets: Memorial Dr, Sandman St, Scot-

land St, and Reinerman St• Close proximity (<1000 ft) to Buffalo Bayou and Buffalo

Bayou Park, a 160-acre greenway with hiking and biking trails, parks, and sports facilities

• Surrounding single family home values in the River Oaks and Rice Military neighborhoods reach $19.5 million

• Less than 1 mile from Memorial Park, the largest urban park in the United States; features a 155-acre arboretum, mountain bike trails, golf course, swimming pool, and running trails

Distance to Major Highlights• Buffalo Bayou Greenway: <1000 feet• Memorial Park: <1 mile• Washington Corridor: 0.5 mile• River Oaks Shopping Center: 0.6 mile• River Oaks Country Club: 0.75 mile• Downtown Houston: 2.3 miles• Midtown: 2.4 miles• Greenway Plaza/Upper Kirby: 2.5 miles• Galleria/Uptown District: 2.7 miles

Property Overview

RICE MILITARYHOME VALUES UP TO $3.9M


Memorial ParkMemorial Park

Bayou Bend Towers Condominium

UPTOWN DISTRICT • 2.7 MILES

Buffalo Bayou

SANDMAN ST

R BarEat Fit GoBlack Walnut CafeChe Inka

Sunrise TaquitoSnap KitchenTeahouse Tapioca & TeaPiada Italian Street Food

REINERMAN ST

SCOTLAND ST

MEMORIAL DR

MEMORIAL DR

±2.6 ACRES

ROY ST

~609 ft ~577 ft

~165 ft

~324 ft

MEMORIAL PARK - RUNNING TRAIL

RIVER OAKS SHOPPING CENTER

HOUSTON ARBORETUM AT MEMORIAL PARK

Measurements are approximations from LandVision.


PROPERTY

±2.6 ACRES




Pearl Washington

Modera Shepherd

Lincoln Bar

Pink’s Pizza

Atlas PubCon

crete

Cowbo

y

Kung F

u Salo

on

Clutch BarDaisy

Dukes Housto

n

El Rey

Taqueria

Bedrock City

Comic Co

Les Givral's

Kitchen 713

The Counter

Soma Sushi

Velvet T

aco

MAX's Wine D

ive

REIN

ERMAN ST

SCOTLAND ST

WASHINGTON AVE

MEMORIAL DR

CHANDLER ST

SANDMAN ST

SHEPHERD DRDURHAM DR

Depelchin-Elkins Campus

ROY ST

Property Aerial

PROPERTY


48,648 CPD

Bayou On The Bend

Virage Luxury Apartments



Memorial ParkMemorial Park

Bayou Bend Towers Condominium

UPTOWN DISTRICT • 2.7 MILES



Buffalo Bayou

SANDMAN ST



REINERMAN ST

SCOTLAND ST

MEMORIAL DR

MEMORIAL DR

±2.6 ACRES

ROY ST

Property Aerial

PROPERTY


Property Information

2017 Tax Rates

1 HOUSTON ISD 1.206700

40 HARRIS COUNTY 0.418010

41 HARRIS CO FLOOD CNTRL 0.028310

42 PORT OF HOUSTON AUTHY 0.012560

43 HARRIS CO HOSP DIST 0.171100

44 HARRIS CO EDUC DEPT 0.005195

48 HOU COMMUNITY COLLEGE 0.100263

61 CITY OF HOUSTON 0.584210

Total 2.526348

Property Details

LOCATION NWC Memorial Dr & Sandman St, Houston, TX 77007

LAT., LONG. 29.763569, -95.412068

TOTAL SIZE ±2.6 Acres

COUNTY Harris

SCHOOLS Houston ISD

2017 Demographics

0-1 mi 0-3 mile 0-5 miles

EST. POPULATION 2017 23,857 169,495 488,238

5-YR EST. POPULATION GROWTH 5.48% 6.41% 6.94%

AVERAGE HOUSEHOLD INCOME $175,654 $151,739 $136,703

MEDIAN VALUE - OWNER OCCUPIED HOUSING UNITS $315,951 $314,540 $275,973

Making an OfferOffer InformationOffers should be presented in the form of a non-bind-ing Letter of Intent, and should include:

• Pricing• Due Diligence and Closing Timeframe• Earnest Money Deposit• Description of Debt/Equity Structure• Qualifications to Close• Development Plans

Due Diligence InformationTo access the due diligence information please visit the Property website at: dmreland.com/listings/#1310

Additional Property Details

PARCEL ID 0400340000020

OWNER DEPELCHIN, FAITH HOME

PROPERTY 201 SHEPHERD DR HOUSTON, TX 77007

LEGAL TRS 1 7 9 & 9A ABST 1 J AUSTIN


PROPERTY

SCOTLAND ST

AUGUSTA ST

CHANDLER ST

MEMORIAL DR

KIRBY DR

ROY ST

REINERMAN ST

WESTCOTT ST

DETERING ST

BLOSSOM ST

GIBSON ST

FEAGAN

VENICE ST

LACY ST

GLEN

WOO

D DR

REINICKE ST

LESTER ST

PARKER ST

FOWLER ST

PATTERSON ST

SNOVER ST

ASHBURY ST

MALONE ST

BIRDSALL ST

KNOX ST

COHN ST

ROSE ST ROSE ST

TERRACE DR

SANDMAN ST

SHEPHERD DR

SHEPHERD DR

DURHAM DR

W COW

AN DR

CRESTWOOD DR

HASKELL ST

BYWAY DR

E COWAN DR

0.25 MI

0.50 MI

0.75 MI



RICE MILITARYUP TO $3.9M

RIVER OAKSUP TO $19.5M

Delpelchin-Elkins Campus

Little Woodrows

Fuego’s Saloon

Bayou On The Bend

Virage Luxury Apartments

Brenner’s on the Bayou

Rienzi, Museum of Fine Arts

Autry Park

Buffalo Bayou

St. Thomas High School

Buffalo Bayou Greenway

48,648 CPD

R BarEat Fit GoBlack Walnut CafeChe InkaSunrise TaquitoSnap KitchenTeahouse Tapioca & TeaPiada Italian Street Food

Federal American Grill

±2.6 Ac

The Property is ideally located on Memorial Drive between two of Houston’s most affluent neighborhoods, River Oaks and Rice Military. Single family home values in the River Oaks and Rice Military neighborhoods reach $19.5 million.

Founded in the 1920s, the River Oaks neighborhood spans over 1,000 acres and includes two of Houston’s most popular shopping destinations, River Oaks Shopping Center and Highland Village.

River Oaks Shopping Center hosts the Landmark River Oaks Theatre built in 1939, where visitors can see an independent or foreign film.

Highland Village is an expansive collection of upscale boutiques including Anthropologie, Pottery Barn, and Williams Sonoma.

River Oaks is also home to some of Houston’s best restaurants, including Brasserie 19, Armandos, and Smith & Wollensky.

River Oaks

AREA HIGHLIGHTS

River Oaks Shopping Center (0.6 mi)

AnchorsKroger Signature GroceryRiver Oaks FitnessRiver Oaks TheaterBarnes & Noble

RestaurantsAméricasCafe GingerBrasserie 19California Pizza KitchenEpicure CaféLocal PourFuzzy’s Taco ShopLa Griglia Restaurantla MadeleineMacaron by PatisseMarble Slab CreameryStarbucks

RetailAllen EdmondsAnn TaylorAnnie AllbrittonAraya Artisan ChocolateAtrium Ready to WearBeautifully BronzedBusy BodyC’est Chic by CarmineCarleen LigozioCasa de Novia BridalChalet Fine Wines Chandail NeedleworkChico’sfrancesca’sFull Blown Dry BarGAPGymboreeHemline

International Derma SpaNatural PawzNina McLemorePhenix Salon Suites Pure BarreRYDESaint CloudSteinway Piano GallerySteven Cash DiamondsSunglass Hut

Sur La TableTalbotsTGF Hair SalonThe Mad PotterThe Texas Art GalleryV’s BarbershopVikari InternationalWhite House | Black Market

HOMES IN RIVER OAKS


Local Highlights

Washington Corridor (0.5 mile)One of Houston’s most popular nightlife spots, the Wash-ington Corridor has experienced profound gentrification within the past few years. Neighborhood retail includes a 215,000-square-foot Wal-Mart-anchored retail center and a Target-anchored retail center.

Trendy eateries and nightlife destinations include Benjy’s, Darkhorse Tavern, Ei8ht, El Rey Taqueria, Max’s Wine Dive, Nox, Kung Fu Saloon, Bubba’s Sportsbar & Grill, Lauren-zo’s, Diem Lounge, Liberty Station, Sanctuary Lounge, The Counter, El Tiempo Cantina, Rebels Honky Tonk, Porch Swing Pub, Catalina Coffee, 360 Sports Lounge, Luke’s Ice House, Underdogs Pub, The Blue Fish, Coppa Ristorante Italiano, and Molina’s Cantina.

Outdoor Recreation

Buffalo Bayou Park (<1000 feet)• 160-acre park stretching along Buffalo Bayou• Visitors can rent paddle crafts; walk, jog and bike the

trails; enjoy the self-guided public art walk; and play frisbee or volleyball

• Connects to Sabine Promenade, a 23-acre waterfront park featuring hike and bike trails to Sesquicentennial Park in downtown, which has become Houston’s urban oasis in the heart of the Theater District

Memorial Park (0.8 mile)One of the nation’s largest urban parks, Memorial Park, is less than one mile from the Property. The park includes Memorial Park Golf Course and facilities for tennis, softball, swimming, track, croquet, volleyball, skating, and cycling. Memorial Park features the very popular Seymour Lieber-man Exercise Trail, a 2.93 mile crushed granite pathway that sees almost 3 million visits annually. It is also home to the Houston Arboretum & Nature Center, a 155-acre urban nature sanctuary with 5 miles of trails.

Upcoming Renovation

• Memorial Park could see more than $200 million in renovations through a new master plan that includes a land bridge over Memorial Drive and an indoor swim-ming pool

• The Seymour-Lieberman Trail, the most popular running trail in Houston, was recently renovated

• Other major updates to the park are expected to be completed by 2025

Johnny Steele Dog Park (0.8 mile)• One of Houston’s most popular dog parks• Water features, shade structures and dog washing stations

Spott’s Park (0.9 mile)• 16.24-acre park features basketball and volleyball

courts, children’s playground, walking trails and a picnic area

Sawyer Heights (1.6 miles)

Yale St & Koehler St (0.8 mile)

Memorial Dr & Wescott (0.5 mile) BENJY’S

B&B BUTCHERS

MEMORIAL PARK JOHNNY STEELE DOG PARK




AREA HIGHLIGHTS

Toyota Center • Home of the NBA’s Houston Rockets• The Toyota Center has a total of 750,000 square feet,

with 18,300 seats available for basketball, 17,800 for hockey, and 19,000 for concerts, including 2,900 club seats and 103 luxury, courtside seats

Minute Maid Park • Home of the Houston Astros and Houston Aeros pro-

fessional sports teams• Built in the year 2000, Minute Maid Park has a 242-foot

high retractable roof• Minute Maid Park has a gross square footage of 28.97

acres, a total square footage of 1,263,240, and a total of 40,963 seats

GreenStreet• Three-block, 570,000-square-foot mixed-use destina-

tion with shopping, entertainment and dining• III Forks, McCormick & Schmick’s, House of Blues,

Lucky Strike • Hosts NRG’s regional headquarters, one of the nation’s

largest energy providers• 90,000 square feet of collaborative office space with

easy access to transit and parking• Home of the Hotel Alessandra – a new 223-room luxury

hotel which opened in 2017

Discovery Green Park• Two-acre picnic lawn with one-acre lake, jogging trail,

performance stage, two dog parks, and multiple gar-dens

• Served as the planned entertainment zone, or “Super Bowl El Centro,” for the 2017 Super Bowl

George R Brown Convention Center• 1.9 million SF• $253 million economic impact• Fronted by Avenida de las Americas, a boulevard

running from Minute Maid Park to Hilton Ameri-cas-Houston, which features five restaurants and festival and event space

Houston Theater District• The Houston Theater District, an impressive 17-block

cultural and entertainment center, is the second largest performing arts district in the U.S. next to Broadway in New York City

• Nine performing arts organizations with more than 12,900 seats for live performances

• Includes 130,000 square foot Bayou Place entertain-ment complex offering popular restaurants, movies, and parks

• More than two million visitors annually• Venues include: Alley Theater, Wortham Theater Center,

Hobby Center, Sundance Cinemas, Jones Hall & Jones Plaza, House of Blues, Houston Ballet, Bayou Music Center

Top Employers

Employer # Employees

Chevron 8,600

Shell Oil Company 7,000

Chase Bank 4,892

CenterPoint Energy 3,826

KBR 2,958

NRG/Reliant Energy 2,300

ExxonMobil Corporation 2,200

Hess 2,000

Kinder Morgan 1,860

Deloitte 1,700

Enterprise Products Partners 1,360

Ernst & Young 1,300

Waste Management, Inc. 1,270

PriceWaterhouseCoopers 1,236

LyondellBasell Industries 1,200

MINUTE MAID PARK

GEORGE R BROWN CONVENTION CENTER

TOYOTA CENTER

Employment• Over 150,000 employees• Over 3,000 businesses and 50.4 million SF office

space • Class A office occupancy at 85.6%• 754,000 SF of office space is under construction• Hosts 20 of Houston’s 26 Fortune 500 companies;

9 have their headquarters in Downtown Houston

Entertainment & Attractions• Over ten million people visit Downtown annually• 22 hotels and 7,300 hotel rooms• 9 major performing arts organizations• 2 million SF retail space• Over 300 restaurants, coffee shops, and bars,

including the renowned Xochi, Potente and Local Foods

Downtown Houston2.3 miles from the Property


AREA HIGHLIGHTS

Office developments• Skanska resumed construction on Capitol Tower, its

35-story 754,000 SF office tower at 811 Rusk; the lead tenant, Bank of America, preleased 210,000 SF and has acquired the naming rights for the tower

• Chevron’s 1500 Louisiana is undergoing a $10 million renovation as part of the company’s relocation of around 900 employees from its Bellaire campus

• Global co-working giant WeWork will open its first Houston location Downtown in April 2018 in The Jones at Main at 708 Main; WeWork will occupy 86,000 SF, housing over 1,400 of its members; the facility will accomodate a range of companies (individuals, startup firms and entrepreneurs) and provide private office space for 120+ employees of companies that require a regular presence in Houston

• Hines unveiled its twenty-first tower in the Houston skyline, 609 Main, at a grand opening in 2017; Hines is the building’s first tenant and moved into their new Southwest regional office on the 44th floor

New retail & restaurant openings • A new nanobrewery, 160ft Beerworks • Bud’s Pitmaster BBQ opened at 1001 Avenida de Las

Americas• Cake Life Co., a local bakery that specializes in custom

cakes• The Conservatory Food Hall and Beer Garden at 1010

Prairie added new food and beverage vendors this spring—Arte Pizzeria from pastry chef Kelsey Hawkins; Mars Bakery, a doughnut and pastry bar; and Noble Rot Wine Bar, a “boutique wine bar”

• LAUNCH, a collaborative pop-up shop returned Down-town on April 1, featuring new local designers and artisans

• Stack Burger, a casual restaurant and burger stand is open at 703 St. Joseph Pkwy

• The Tipping Point, Downtown’s first and only creative lifestyle destination

2Q 2017Downtown Houston Market Report 4

RETAIL HIGHLIGHTS

9new retailers

Market Overview

RETAIL (CONTINUED) The Tipping Point, Downtown’s first and only cre-ative lifestyle destination, is open in the Historic W. L. Foley Building at 214 Travis Street. Locally owned and operated by native Houstonians since 2007, the store curates a select collection of limited-edition footwear, books, art, apparel, music, and accessories that are a reflection of their creative lifestyle. (Website)

COMING SOON:B&B Butchers owner, Benjamin Berg, will be opening Benjamin’s, a new 16,000 SF world-class restaurant on the ground and mezzanine floors of The Star apartment building at 1111 Rusk. The new restaurant is expected to open towards the end of summer 2018. (Chronicle, HBJ, RNR)

Café Cosmopolita will be opening on the ground floor of SkyHouse Houston at 1625 Main Street in mid-September. The independent specialty coffee shop with a modern and international theme will serve high quality espresso based drinks, coffee, tea, pastries, breakfast sandwiches and other beverages.

Finn Hall is set to open in early 2018 at 712 Main in The Jones on Main. The 20,000-SF food hall will feature a dozen chef-driven food outlets, a craft beer and curated wine bar, an art deco cocktail lounge, and private spaces. The food hall will serve breakfast, lunch and dinner. (Chronicle, HBJ)

High & Dry, a new rum bar set to serve up an “urban oasis” will be opening on the second floor of 306 Main Street. (Houston Eater)

An upscale white table cloth full-service restaurant, Lucienne, and lobby bar, Bardot, are planned on the second floor of the new Hotel Alessandra. The restau-rant will feature Mediterranean cuisine from countries such as Portugal, Greece, France and Spain and seat about 100. (Chronicle)

Celebrity Chef Bryan Caswell, the chef-owner of Reef, El Real, and Little Bigs plans to open a new restaurant, Oxbow 7, on the ground floor of the new Le Méridien hotel at 1121 Walker St., and a rooftop bar, Hoggbirds on the 22nd floor. The restaurant and bar are expected to open along with the hotel on August 22. (HBJ, culturemap, Website)

Owners of Montrose coffee shop Blacksmith, Morning-star and Greenway Coffee & Tea plan to open Prelude Coffee and Tea inside 609 Main's lobby. (HBJ)

Dallas-based restaurant and bar concept by Pat Green and FreeRange Concepts, The Rustic, will open its first Houston location Downtown at 1836 Polk St., next to the George R. Brown Convention Center. The 25,000-SF restaurant and bar is expected to open in the summer of 2018 and create more than 200 Houston jobs. (HBJ)

The Tipping Point

THE TIPPING POINT

LAUNCH POPUP SHOP 160FT BEERWORKS

Other developments & updates• The new 21-dock BCycle station, Downtown’s

fifteenth location, was installed at the Jury Assembly Building located at 1202 Franklin Street in June 2017

• Uber Technologies Inc. and Cameron Manage-ment have named the Esperson Building as a designated pickup and dropoff building

• Construction on the new Downtown campus of the High School for the Performing and Visual Arts (HSPVA) has topped out and the new HSPVA campus is on track for completion in the fourth quarter of 2018

• The Lee and Joe Jamail Skatepark at Buffalo Bayou Park has reopened after a $2 million renovation

RENDERING: FINAL DESIGN OF HIGH SCHOOL FOR THE PERFORMING AND VISUAL ARTS (HSPVA)

RENDERING: HOTEL ALESSANDRA AND THE GREENSTREET REDEVELOPMENT

Downtown Houston2.3 miles from the Property


AREA HIGHLIGHTS

Greenway Plaza & Upper Kirby2.5 miles from the Property

AREA HIGHLIGHTS

Upper Kirby District• Mix of affluent residential neighborhoods and urban

mixed-use developments• Live-work-play environment with high-end retail, posh

boutiques, and many of Houston’s finest restaurants, including Pondicheri, Fleming’s, Grace’s, Giacomo’s Cibe e Vino, Chuy’s, Carrabbas, Turquoise Grill, BB’s Cafe, Goode Co. Seafood and Goode Co. Taqueria, The Queen Vic Pub & Kitchen, and Kata Robata

• Four theater and live music venues: AD Players, The Music Box, Mercury Baroque Ensemble, and McGonigel’s Mucky Duck

• Five hotels: Extended Stay America Greenway Plaza, Four Points by Sheraton Hotels, Greenway Inn, Crowne Plaza River Oaks, and Residence Inn by Marriott

• Over 150 restaurants and bars

Major Retail:

Greenway Plaza• Eleven-building Leed-certified complex totaling over 4.9

million square feet of office space• Over 25,000 employees• Master-planned mixed-use 52-acre site with premier

frontage along US 59• Amenities include: 16 cafés, fine dining and catering

options as well as an underground food court; several fitness facilities, three full-service banking centers, full-service automotive care, commercial printing and graphics services

• Sold to Cousins for $1.3 billion• $5M in renovations recently completed

New Developments• Techspace is considering Greenway Plaza as a potential

additional location for their co-working concept• Feges BBQ recently opened in the food court• Coming Spring 2018: Fusion Eats, Green Lane Co., and

Michael Saldana Salon

Top Employers

Humana

Camden

Koch Industries Inc.

Direct Energy

Transocean

Oxy USA

Invesco

Community Bank of Texas

GREENWAY PLAZA

GREENWAY PLAZA

GREENWAY PLAZA (VIEW FROM 2929 WESLAYAN)


FOUR OAKS PLACE - UPTOWN DISTRICT

THE GALLERIA MALL

Employment• Occupies 500 acres and is the 15th largest business

district in the U.S.• 26 million total square feet of commercial office space• Class A occupancy rate remains at a steady 90%

throughout the year• Over 16 million square feet of Class A office space • 13% of Houston’s total “Class A” office space, second

only to Downtown Houston• Hosts over 82,000 employees and 2,000 companies,

including Fortune 500 companies Apache, Spectra Energy, and Marathon Oil

Retail & Hospitality• Home to the largest number of couture retailers

in the city, including Versace, Yves Saint Laurent, Giorgio Armani and Bulgari

• 55% of residents within a three-mile radius earn over $75,000 annually

• Six million square feet of retail space and more than 1,000 stores

The Galleria Mall• Three million-square-foot, mixed-used site on 52

acres• Fourth largest retail complex in the United States • Hosts more than 30 million visitors annually,

making it the number one shopping and tourist attraction in Houston

• Houston’s most prestigious shopping including stores such as Neiman Marcus, Cartier, Hermes of Paris, Saks Fifth Avenue, Louis Vuitton, Ethan Allen, and Houston’s only Nordstrom

Hospitality• Over 30 million people visit the District every year• 34 hotels with over 7,800 hotel rooms (more full

service hotels than any other district in Houston) • Highest hotel occupancy rate in Houston• Nearly 10% of Houston’s total hotel rooms

New Developments

• In 2016 the Galleria opened a new 198,000-square-foot Saks Fifth Avenue

• A high-rise 30-story residential tower is also planned, with 225 hotel rooms and 75 to 10 condo-miniums

• Recently added a 180-foot-long retail corridor for high-end boutiques called “Galleria IV”; most shops opened in the second quarter of 2017

Top Employers

Apache Corporation

BBVA Compass Bank

Bechtel Corporation

BHP Billiton

Cambridge Energy Research Associates, Inc.

Clear Channel Communications

Datacert, Inc.

Goodman Global Group, Inc.

Hines

Landry’s

LiveNation

Marathon Oil

S&B Infrastructure, Ltd.

Schlumberger Limited

Spectra Energy

Stewart Information Services Corporation

Engie (prev. GDF SUEZ)

TeleCheck International, Inc.

Williams

Uptown District/The Galleria2.7 miles from the Property


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agre

emen

t to

rep

rese

nt t

he b

uyer

, us

ually

th

roug

h a

writ

ten

buye

r re

pres

enta

tion

agre

emen

t. A

buye

r’s ag

ent

can

assist

th

e ow

ner

but

does

no

t re

pres

ent

the

owne

r an

d m

ust

plac

e th

e in

tere

sts

of

the

buye

r fir

st.

The

owne

r sh

ould

not

tel

l a

buye

r’s

agen

t an

ythi

ng t

he o

wne

r w

ould

not

wan

t th

e bu

yer

to k

now

bec

ause

a b

uyer

’s a

gent

mus

t di

sclo

se t

o th

e bu

yer an

y m

ater

ial i

nfor

mat

ion

know

n to

the

agen

t.

IF T

HE

BR

OK

ER A

CTS

AS

AN

IN

TER

MED

IAR

Y:A

brok

er m

ay a

ct a

s an

int

erm

edia

ry b

etw

een

the

part

ies

if th

e br

oker

com

plie

s w

ith T

he T

exas

Rea

l Es

tate

Licen

se A

ct. T

he b

roke

r m

ust o

btai

n th

e w

ritte

n co

nsen

t of

eac

h pa

rty

to t

he t

rans

actio

n to

act

as

an

Ap

pro

ved

by

the

Texa

s R

eal E

stat

e C

omm

issi

on f

or V

olu

nta

ry U

se

Texa

s la

w r

equi

res

all r

eal e

stat

e lic

ense

es t

o gi

ve t

he fol

low

ing

info

rmat

ion

abou

t br

oker

age

serv

ices

to

pros

pect

ive

buye

rs,

tena

nts,

sel

lers

and

land

lord

s.

Info

rmat

ion

Abo

ut B

roke

rage

Ser

vice

s

Rea

l est

ate

licen

see

asks

tha

t yo

u ac

know

ledg

e re

ceip

t of

thi

s in

form

atio

n ab

out

brok

erag

e se

rvic

es f

or t

he li

cens

ee’s

rec

ords

.

inte

rmed

iary

. The

writ

ten

cons

ent m

ust st

ate

who

will

pay

the

brok

er a

nd, i

n co

nspi

cuou

s bo

ld o

r un

derli

ned

prin

t, se

t fo

rth

the

brok

er’s

oblig

atio

ns

as

an

inte

rmed

iary

. Th

e br

oker

is

requ

ired

to t

reat

eac

h pa

rty

hone

stly

and

fai

rly a

nd t

o co

mpl

y w

ith T

he

Texa

s Re

al E

stat

e Li

cens

e Ac

t.

A br

oker

who

act

s as

an

inte

rmed

iary

in a

tran

sact

ion:

(1)

shal

l tre

at a

ll pa

rtie

s ho

nest

ly;

(2)

may

not

disclos

e th

at t

he o

wne

r w

ill a

ccep

t a

price

less

tha

t th

e as

king

pric

e un

less

aut

horiz

ed i

n w

ritin

g to

do

so b

y th

e ow

ner;

(3)

may

not

disclos

e th

at t

he b

uyer

will p

ay a

pr

ice g

reat

er t

han

the

price

sub

mitt

ed in

a w

ritte

n of

fer

unle

ss a

utho

rized

in w

ritin

g to

do

so b

y th

e bu

yer;

and

(4)

may

not

disc

lose

any

con

fiden

tial i

nfor

mat

ion

or

any

info

rmat

ion

that

a p

arty

spe

cifica

lly i

nstru

cts

the

brok

er i

n w

ritin

g no

t to

disc

lose

unl

ess

auth

orize

d in

w

ritin

g to

disc

lose

the

info

rmat

ion

or re

quire

d to

do

so b

y

The

Texa

s Re

al E

stat

e Lice

nse

Act

or a

cou

rt or

der

or if

th

e in

form

atio

n m

ater

ially

rel

ates

to

the

cond

ition

of t

he

prop

erty

.

With

th

e pa

rtie

s’

cons

ent,

a br

oker

ac

ting

as

an

inte

rmed

iary

bet

wee

n th

e pa

rtie

s m

ay a

ppoi

nt a

per

son

who

is

licen

sed

unde

r Th

e Te

xas

Real

Est

ate

Lice

nse

Act

and

asso

ciat

ed w

ith t

he b

roke

r to

com

mun

icat

e w

ith

and

carr

y ou

t in

stru

ctio

ns

of

one

part

y an

d an

othe

r pe

rson

who

is

licen

sed

unde

r th

at A

ct a

nd

asso

ciat

ed w

ith t

he b

roke

r to

com

mun

icat

e w

ith a

nd

carr

y ou

t ins

truc

tions

of t

he o

ther

par

ty.

If y

ou c

hoos

e to

hav

e a

brok

er r

epre

sent

you

, yo

u sh

ould

ent

er i

nto

a w

ritte

n ag

reem

ent

with

the

br

oker

tha

t clea

rly e

stab

lishe

s th

e br

oker

’s o

blig

atio

ns

and

your

obl

igat

ions

. T

he

agre

emen

t sh

ould

sta

te

how

and

by

who

m t

he b

roke

r w

ill b

e p

aid.

You

hav

e th

e rig

ht t

o ch

oose

the

typ

e of

rep

rese

ntat

ion,

if a

ny,

you

wish

to rec

eive

. You

r pa

ymen

t of a

fee

to a

bro

ker

does

no

t ne

cess

arily

es

tabl

ish

that

th

e br

oker

re

pres

ents

you

. If y

ou h

ave

any

ques

tions

reg

ardi

ng

the

dutie

s an

d re

spon

sibi

litie

s of

th

e br

oker

, yo

u sh

ould

res

olve

thos

e qu

estio

ns b

efor

e pr

ocee

ding

.

Buy

er,

Sel

ler,

Lan

dlor

d or

Ten

ant

D

ate

Texa

s Re

al E

stat

e Br

oker

s an

d Sa

lesp

erso

ns a

re li

cens

ed a

nd r

egul

ated

by

the

Texa

s Re

al E

stat

e Co

mm

issi

on (

TREC

). I

f you

hav

e a

ques

tion

or c

ompl

aint

re

gard

ing

a re

al e

stat

e lic

ense

e, y

ou s

houl

d co

ntac

t TRE

C at

P.O

. Box

121

88, A

ustin

, Tex

as 7

8711

-218

8 ,

512-

936-

3000

(ht

tp:/

/ww

w.t

rec.

texa

s.go

v)

T

REC

No.

OP-

K

13

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