OFFERING MEMORANDUM

P L A N O • T E X A S

COLLINCREEKS H O P P I N G C E N T E R

Plano

Park Blvd.

15th St.

Plan

o R

oad

Cu

ster Ro

ad

President George Bush Turnpike

N

N

Dallas

Richardson

Plano

Allen

Frisco

Sam Rayburn Tollway

President George Bush Turnpike

Dallas N

orth

Tollw

ayPlano

Park Blvd.

15th St.

Plan

o R

oad

Cu

ster Ro

ad

President George Bush Turnpike

N

N

Dallas

Richardson

Plano

Allen

Frisco

Sam Rayburn Tollway

President George Bush Turnpike

Dallas N

orth

Tollw

ay

F I D E L I SR e a l t y P a r t n e r s

F O L LOW U S O N

M O R E I N F O R M A T I O N

2 1 4 . 9 5 3 . 1 4 0 0

5 2 0 7 M C K I N N E Y A V E N U E

S U I T E 2 2

D A L L A S , T E X A S 7 5 2 0 5

L O C A T I O N D E T A I L

OFFERING MEMORANDUM

P L A N O • T E X A S

COLLINCREEKS H O P P I N G C E N T E R

C O L L I N C R E E K S H O P P I N G C E N T E R

SW Corner of Central Expressway (U.S. 75) & 15th Street Plano, Texas 75075

ROOFS: The following roofs have been upgraded and have the following

expiration dates:

Tenant Space Roof Warranty Expiration

Ashley Furniture 12/16/2014

Floor & Décor, Conn’s Inc. 1/27/2015

Vitamin Shoppe, Mattress Giant 9/27/2015

Chipotle 10/13/2015

End space of Conn’s Inc. 3/14/2016

Freed’s Furniture, Big Lots 9/6/2016

BJ’s Restaurant & Brewhouse 10/29/2016

LANDSCAPING: Landscaping includes flowering decorative plants, ornamental

bushes, lawn and ground cover and trees at the perimeter

and throughout the pedestrian walkways and parking areas.

Each phase contains several seasonal color beds as well. An

automatic irrigation system / bubbler system is provided in all

landscaped areas.

DRAINAGE: Storm water falling on the surface parking areas and the service

drives drains by sheet flow to catch-basin inlet structures throughout

the site. Inlet structures are collected underground and discharge

to the municipal storm drain system and to Spring Creek located

along the west property line.

SIGNAGE: Individual illuminated signs above each tenant’s space;

illuminated freestanding signs also identify some of the tenants.

SITE LIGHTING: Exterior lighting consists of wall-mounted and pole-mounted

HID fixtures illuminating the parking areas, walkways, and drive

lanes.

BUILDING STRUCTURE & MECHANICAL SYSTEMS

STRUCTURE: Steel frame

11 |

PROPERTY INFORM ATION

private employers with over 1,000 employees including: Alcatel-Lucent, Bank of America Home Loans, Capital One Finance,

Dell Services, Dr Pepper Snapple Group, Ericsson, FedEx Office and Print Services, Frito-Lay, HP Enterprise Systems, Intel

Security, J.C. Penney, MedAssets, Medical Center of Plano, PepsiCo, and Texas Health Presbyterian Hospital Plano.

The Property enjoys exceptional accessibility given its proximity to the intersection of President George Bush Turnpike (SH

190) and Central Expressway (US-75). Other major thoroughfares passing through Plano include Sam Rayburn Tollway and

Dallas North Tollway. With connections to several major transportation arteries, the Property is connected to virtually every

significant employment area, executive residential area and amenity base in the DFW Metroplex.

Fortune 1000 Headquarters (Plano)

Alliance Data Systems

Cinemark Holdings

Denbury Resources

Dr Pepper Snapple Group

J.C. Penney

Rent-A-Center

Liberty Mutual

Toyota (Global 500)Plano Demographics

Population 266,740

Median Household Income $82,484

Median Age 37

Median Home Price $217,800

Bachelor Degree 54%

Source: American Community Survey, US Department of Labor StatisticsDenbury Resources Inc.

LOCATION OVERVIEW

36 |

STRATEGICALLY POSITIONED ADJACENT TO COLLIN CREEK MALL – Collin Creek Mall, a 1.3

million square foot super regional mall, is primed for a major redevelopment. Because of Collin Creek Mall’s

excellent location in conjunction with the significant growth occurring in the Plano/Richardson area, its highly

desired 7.7 acres could be redeveloped to support multifamily, additional retail and hotel. The redevelopment

of the mall will bolster the position of Collin Creek Shopping Center.

ATTRACTIVE BASIS – The offering represents an opportunity to acquire a stabilized in-fill asset at a

substantial discount to replacement cost. The attractive acquisition basis dictates replaceable rental rates,

thereby decreasing leasing and rollover risk.

UNENCUMBERED BY EXISTING FINANCING – Collin Creek Shopping Center is being offered on a

free and clear basis, which allows potential investors to capitalize on today’s historically low interest rate

environment thus generating accretive levered returns.

CONTRACTUAL AND OPTIONAL RENT INCREASES – Contractual rent steps, fixed rate options, and

vacancy absorption generate over $500k in NOI growth during the next 5 years. The Property features 13

tenants totaling 393,836 square feet, or 81% of the total GLA, with fixed-rate renewal options.

PROXIMITY TO CITYLINE – CityLine is a dynamic 185-acre, mixed-use project that is currently under

construction less than one mile south of the Property. Upon completion, the development will be one of

the premier live-work-play environments in the Southwestern United States. CityLine’s master plan calls for

over 6,000,000 square feet of office, over 300,000 square feet of retail space, an Aloft hotel, over 4,000

residential units, multiple parks, and a daytime population of over 16,000 people.

PROLIFIC CORPORATE RELOCATIONS AND ASSOCIATED JOBS – Plano / Richardson’s

strengthening economy can be attributed to a substantial list of recent leases in the market, including large

corporate relocation announcements totaling approximately 26,000 jobs.

1,000 Jobs 1,220 Jobs 10,000 Jobs

4,000 - 8,000 Jobs

2,000 Jobs 1,000 Jobs 5,000 Jobs

6 |

EXECUTIVE SUMM ARY

STRATEGICALLY POSITIONED ADJACENT TO COLLIN CREEK MALL – Collin Creek Mall, a 1.3

million square foot super regional mall, is primed for a major redevelopment. Because of Collin Creek Mall’s

excellent location in conjunction with the significant growth occurring in the Plano/Richardson area, its highly

desired 7.7 acres could be redeveloped to support multifamily, additional retail and hotel. The redevelopment

of the mall will bolster the position of Collin Creek Shopping Center.

ATTRACTIVE BASIS – The offering represents an opportunity to acquire a stabilized in-fill asset at a

substantial discount to replacement cost. The attractive acquisition basis dictates replaceable rental rates,

thereby decreasing leasing and rollover risk.

UNENCUMBERED BY EXISTING FINANCING – Collin Creek Shopping Center is being offered on a

free and clear basis, which allows potential investors to capitalize on today’s historically low interest rate

environment thus generating accretive levered returns.

CONTRACTUAL AND OPTIONAL RENT INCREASES – Contractual rent steps, fixed rate options, and

vacancy absorption generate over $500k in NOI growth during the next 5 years. The Property features 13

tenants totaling 393,836 square feet, or 81% of the total GLA, with fixed-rate renewal options.

PROXIMITY TO CITYLINE – CityLine is a dynamic 185-acre, mixed-use project that is currently under

construction less than one mile south of the Property. Upon completion, the development will be one of

the premier live-work-play environments in the Southwestern United States. CityLine’s master plan calls for

over 6,000,000 square feet of office, over 300,000 square feet of retail space, an Aloft hotel, over 4,000

residential units, multiple parks, and a daytime population of over 16,000 people.

PROLIFIC CORPORATE RELOCATIONS AND ASSOCIATED JOBS – Plano / Richardson’s

strengthening economy can be attributed to a substantial list of recent leases in the market, including large

corporate relocation announcements totaling approximately 26,000 jobs.

1,000 Jobs 1,220 Jobs 10,000 Jobs

4,000 - 8,000 Jobs

2,000 Jobs 1,000 Jobs 5,000 Jobs

6 |

EXECUTIVE SUMM ARY

F I D E L I SR e a l t y P a r t n e r s

F O L LOW U S O N

C O L L I N C R E E K S H O P P I N G C E N T E R

SW Corner of Central Expressway (U.S. 75) & 15th Street Plano, Texas 75075

F I D E L I SR e a l t y P a r t n e r s

4 5 0 0 B I S S O N N E T S T R E E T S U I T E 3 0 0 B E L L A I R E , T E X A S 7 74 01 7 1 3 . 6 2 3 . 6 8 0 0

S Q U A R E F O O TA G E AVA I L A B L E

24,289 SF 2,978 SF 2,842 SF1,500 SFPad for Ground Lease

A N C H O R T E N A N T S

Hobby LobbyFloor & DecorFreed’s FurnitureOffice MaxCost Plus World MarketBig Lots

C O L L I N C R E E K S H O P P I N G C E N T E R

SW Corner of Central Expressway (U.S. 75) & 15th Street Plano, Texas 75075M A I N M E N U

2 0 1 5 D E M O G R A P H I C S

P O P U L A T I O N E S T I M A T E

1 mile 16,041 3 miles 126,605 5 miles 332,563

A V E R A G E H O U S E H O L D

I N C O M E

1 mile $ 134,231 3 miles $ 117,022 5 miles $ 107,381

T R A F F I C C O U N T S

15th Street W of I-75 35,256 vpd (2012)

15th Street E of I-75 26,341 vpd (2012)

I-75 S of 15th Street 229,485 vpd (2012)

I-75 N of 15th Street 243,483 vpd (2013)

225,

485

vpd

229,

485

vpd

140,000 vpd140,000 vpd

225,

485

vpd

15th Strere 35,256 vpd

Alma Dr, 20, 449 vpd

vv

229,

485

vpd

15th Street 35,256 vpd

Alma Dr. 20, 449 vpd

Dallas CBDDallas CBD

Telecom Corridor60,000 Employee Daytime Population

Collin Creek MallCollin Creek Mall

CityLine Development6 million SF of Office

300,000 SF of Dining/Entertainment4,000 Multifamily Units

300 Hotel Rooms15 Acres of Parks

Future BC Station54 acres

1.35 million SF of Office100,000 SF of Retail

1,250 Multifamily2 Hotels

EXECUTIVE SUMM ARY

7 |

Heritage Creekside156 Ac mixed-use

Office: 2.3 million SF potentialMultifamily: 1,300 apt units,

several hundred homes & townhomes

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Collin CreekMall

Dillard’sMacy’sSears

JCPenney

NOT A PART

NOT A PART

NOT A PART

NOT A PART22,6

00

SF

22,534 SF

45

,148

SF

24,335 SF

60,000 SF23,900 SF 68,786 SF

70,620 SF

37,576 SF

48,000 SF1

2 34

5

6

7

14

9

10 11

12

13

8

15

16

17

18

1920

21

2223

24

2526

27

28

AVA I L A B L E

L E AS E D

C O L L I N C R E E K S H O P P I N G C E N T E R | P R O P E R T Y S I T E M A P

1. Hobby Lobby 60,000 2. Dollar Tree 23,900 3. Floor & Decor 68,786 4. Conn’s Inc 48,0005. MasterTech Auto (Mertz) 6,3096. AVAILABLE 2,842 7. Freed’s Furniture 70,8538. Big Lots 36,9499. Einstein Bros Bagels 3,600 10. AVAILABLE 2,270 11. AVAILABLE 2,978

12. Office Max 22,60013. Cost Plus World Market 22,53414. Ashley Furniture 45,14815. BJ’s Restaurant 6,347 16. AVAILABLE 4,200 17. AVAILABLE 1,50018. Game Stop 1,900 19. Jenny Craig 1,400 20. AVAILABLE 24,33521. Movie Trading Company 3,000 22. Al’s Formal Wear 1,347

23. All American Flooring 3,000 24. Regency Beauty Institute 6,214 25. Souper Salad 3,837 26. Chipotle 4,518 27. Vitamin Shoppe 5,41128. Mattress Firm 5,425

TOTAL GLA: 489,203

T E N A NT S QU A R E F E E T T E N A NT S QU A R E F E E T T E N A NT S QU A R E F E E T

D E M O G R A P H I C S 2 0 1 5 | C O L L I N C R E E K S H O P P I N G C E N T E R

F I D E L I SR e a l t y P a r t n e r s

4 5 0 0 B I S S O N N E T S T S U I T E 3 0 0 B E L L A I R E , T E X A S 7 74 01 7 1 3 . 6 2 3 . 6 8 0 0

Category % % %

Population 2014 16,041 126,605 332,563Male 7,870 49.06 61,371 48.47 163,323 49.11Female 8,170 50.93 65,234 51.53 169,240 50.89Age

Under 18 3,537 22.05 27,156 21.45 74,683 22.4618-24 years 1,062 6.62 9,774 7.72 31,236 9.3925-34 years 1,211 7.55 12,882 10.17 42,537 12.7935-54 years 4,926 30.71 38,534 30.44 101,895 30.6455-74 years 4,524 28.20 30,997 24.48 67,054 20.1675 years and over 782 4.88 7,261 5.74 15,155 4.56

Median Age 46.8 45.6 42.6Race

White 12,064 75.21 89,068 70.35 219,894 66.12Black 668 4.16 7,867 6.21 28,576 8.59American Indian 43 0.27 438 0.35 1,133 0.34Asian, Pacific Islander 2,600 16.21 22,016 17.39 57,144 17.18Other 665 4.15 7,216 5.70 25,816 7.76Hispanic 1,132 7.06 12,083 9.54 44,710 13.44

EducationNo High School Diploma 212 1.86 2,806 3.16 10,763 4.79High School Graduate 1,161 10.17 10,150 11.44 26,635 11.87Some College 2,386 20.90 17,317 19.52 42,954 19.14Associate Degree 835 7.31 6,117 6.89 14,255 6.35Bachelors Degree 3,964 34.72 31,845 35.89 79,666 35.49Professional- Post Graduate Degree 2,860 25.05 20,496 23.10 50,196 22.36

Projected Population 2019 18,063 142,337 373,441

Households 2014 5,876 51,644 138,736Household Size 2.7 2.4 2.4Average Household Income 134,231 117,022 107,381Median Household Income 114,997 94,100 85,766

Projected Households 2019 6,623 58,087 155,581Household Size 2.7 2.4 2.4Average Household Income 150,263 130,835 119,608Median Household Income 122,608 99,561 90,748

Housing Units 2014 5,972 52,581 141,409Owner-Occupied 5,035 84.31 33,049 62.85 76,717 54.25Renter-Occupied 841 14.08 18,595 35.36 62,019 43.86Vacant Units 96 1.61 935 1.78 2,675 1.89

Projected Housing Units 2019 6,734 59,308 158,908Owner-Occupied 5,687 84.45 37,376 63.02 86,920 54.70Renter-Occupied 936 13.90 20,711 34.92 68,661 43.21Vacant Units 114 1.69 1,215 2.05 3,333 2.10 So

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1 mi ring 3 mi ring: Plano,TX 75026:Site located at 33.04121, 96.77005

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Collin Creek Shopping Center:

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.

I F T H E B R O K E R R E P R E S E NT S T H E OW N E R :The broker becomes the owner’s agent by entering into anagreement with the owner, usually through a written -listing agreement, or by agreeing to act as a subagent byaccepting an offer of subagency from the listing broker. A subagent may work in a different real estate office. Alisting broker or subagent can assist the buyer but doesnot represent the buyer and must place the interests ofthe owner first. The buyer should not tell the owner’sagent anything the buyer would not want the owner toknow because an owner’s agent must disclose to theowner any material information known to the agent.

I F T H E B R O K E R R E P R E S E NT S T H E B U Y E R :The broker becomes the buyer’s agent by entering into anagreement to represent the buyer, usually through awritten buyer representation agreement. A buyer’s agentcan assist the owner but does not represent the ownerand must place the interests of the buyer first. The ownershould 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.

I F T H E B R O K E R AC T S AS A N I NT E R M E D I A RY:A broker may act as an intermediary between the partiesif the broker complies with The Texas Real Estate License

Act. The broker must obtain the written consent of eachparty to the transaction to act as an intermediary. Thewritten consent must state who will pay the broker and, inconspicuous bold or underlined print, set forth the broker’sobligations as an intermediary. The broker is required totreat each party honestly and fairly and to comply withThe Texas Real Estate License Act. A broker who actsas 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 in writing 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.

I F YO U C H O O S E TO H AV E A B R O K E R R E P R E S E NT YO U,

you should enter into a written agreement with the brokerthat clearly establishes the broker’s obligations and yourobligations. 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.

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.

I N F O R M A T I O N A B O U T B R O K E R A G E S E R V I C E S

F I D E L I SR e a l t y P a r t n e r s

4 5 0 0 B I S S O N N E T S T S U I T E 3 0 0 B E L L A I R E , T E X A S 7 74 01 7 1 3 . 6 2 3 . 6 8 0 0

The information contained herein is provided as a convenience only and should not be construed as a representation or warranty of any kind. Any reliance on or use of such information shall be at the user’s sole risk. Fidelis Realty Partners shall not be liable for any inaccuracy in or omission from any such information. Seller or landlord makes no representation as to the environmental condition of the property and recommends purchaser’s or tenant’s independent investigation thereof. Fidelis Realty Partners represents the owner/landlord of the property.08/21/12

Real estate licensee 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 Salespersons 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. Box 12188, Austin, Texas 78711-2188 or 512-465-3960. 01 A T R E C N O. O P- K