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3 1 0 0 & 3 1 0 4 E D L O E S T R E E T
E X E C U T I V E S U M M A R Y
H O U S T O N , T E X A S
Holliday GP Corp. ("HFF"), a Texas licensed real estate broker.
2
EXECUTIVE SUMM
ARY
EDLOE STREET
EDLOE STREET
WEST LOOPWEST LOOP
IH-10IH-10
RICHMOND AVE
RICHMOND AVE
WEST ALABAMA ST
WEST ALABAMA ST
BU
FFA
LO S
PEED
WAY
BU
FFA
LO S
PEED
WAY
SOUTHWEST FREEWAY
SOUTHWEST FREEWAY
RIVER OAKSRIVER OAKS
THE GALLERIA / UPTOWN DISTRICTTHE GALLERIA / UPTOWN DISTRICT
69
610
10
GREENWAY PLAZAGREENWAY PLAZA
HIGHLAND VILLAGEHIGHLAND VILLAGE
RIVER OAKS DISTRICTRIVER OAKS DISTRICT
MEMORIAL PARKMEMORIAL PARK
WEST UNIVERSITYWEST UNIVERSITY
THE GALLERIATHE GALLERIA
MEMORIAL VILLAGESMEMORIAL VILLAGES
3100 & 3104 Edloe
2
3
PROPERTY SUMMARY 3100 EDLOE 3104 EDLOE
YEAR BUILT 1979 1979
RENTABLE AREA 22,446 25,131
PARKING RATIO 3.0 / 1,000 SF 3.0 / 1,000 SF
% LEASED 81.1% 94.4%
AVERAGE REMAINING TERM (May 2018) 1.8 Years 2.2 Years
AVERAGE TENURE (May 2018) 3.7 Years 9.5 Years
INVESTMENT HIGHLIGHTS
• Prestigious Inner Loop Location
• Unique Redevelopment Potential Due to Urban Infill Location
Tremendous Owner-User Opportunity
• Superior Market Fundamentals
• Exceptional Regional Mobility
• Well-Diversified, High-Quality Tenant Base and Strong Occupancy History
PROPERTY SUMMARY
3
PRESTIGIOUS INNER LOOP LOCATION3100 and 3104 Edloe are prominently positioned along W Alabama
St and Edloe Street, in the heart of the Greenway Plaza submarket
between Houston’s CBD and the Galleria. The buildings are nestled
directly in between two of Houston’s most affluent and prestigious
neighborhoods in River Oaks and West University Place. Furthermore,
Tanglewood, Bellaire, Southside Place and South Hampton are
minutes away from the property which are home to other major
corporate decision makers. Demographics in the immediate area are
among the best in the country, with an average household income of
over $160,000 within a one-mile radius of the buildings.
UNIQUE REDEVELOPMENT POTENTIAL DUE TO URBAN INFILL LOCATIONThe Edloe buildings represent a rare opportunity to acquire cash-
flowing office assets on a contiguous 1-acre site within one of the
strongest submarkets in Houston and most affluent regions in the entire
United States. 3100 and 3104 Edloe are ideally located and sized for
future mixed use, multifamily, office, retail and/or condominiums. The
90.6% percent-leased buildings provide strong in-place cash flow;
however, the tenant base provides ultimate flexibility as no tenant is
contractually obligated to the buildings past February 2022. With the
ability to get through the rent roll in less than 4 years, a potential
owner has the ideal amount of time to finalize plans and capital to
break ground by early 2022. There is also tremendous upside due
to below-market rents and lease up of vacant space coupled with a
repositioning opportunity or ideal for a family office to purchase and
move in.
LOCATION MAPS
George BushPark
LakeHouston
State Park
WilliamP. HobbyAirport
George BushIntercontinentalAirport
HARRISCOUNT Y
LIBER T YCOUNT Y
FOR T BENDCOUNT Y
MONTGOMERYCOUNT Y
BRAZORIACOUNT Y
GALVESTONCOUNT Y
GreenspointGreenspoint
The WoodlandsThe Woodlands
69
69
69
LakeHouston
San Jacinto
Bay
SheldonReservoir
GalvestonBay
BayportTerminal
SmithersLake
ClearLake
Barbour’s CutTerminal
CBDCBD Port of HoustonPort of
Houston
EnergyCorridorEnergyCorridor
The Galleria
The Galleria
TexasMedicalCenter
TexasMedicalCenter
WestchaseWestchase
3100 & 3104 Edloe
Westheimer RdWestheimer Rd
W Gray StW Gray St
Waugh Dr
Waugh Dr
W Dallas StW Dallas St
Memorial DrMemorial Dr
Memorial DrMemorial Dr
Washington AveWashington Ave
Durham
Dr
Durham
Dr
Shepherd Dr
Shepherd Dr
Westcott St
Westcott St
San Felipe StSan Felipe St
Edloe StEdloe St
Kirby Dr
Kirby Dr
S Shepherd Dr
S Shepherd Dr
Dunlavy St
Dunlavy St
Post Oak Blvd
Post Oak Blvd
W Alabama StW Alabama St
Montrose Blvd
Montrose Blvd
Taft StTaft St
McGowen St
McGowen StElgin St
Elgin St
Webster St
Webster St
Loui
siana
St
Loui
siana
St
Trav
is St
Trav
is St
Clay StClay St
Leeland St
Leeland St
McKinney St
McKinney St
St Joseph Pkwy
St Joseph Pkwy
Lamar St
Lamar St
Texas Ave
Texas Ave
Congress Ave
Congress Ave
Main
St
Main
St
Main
St
Main
St
San
Jacin
to St
San
Jacin
to St
San
Jacin
to St
San
Jacin
to St
La B
ranc
h St
La B
ranc
h St
Alm
eda
RdAl
med
a Rd
Dowlin
g St
Dowlin
g St
Dowlin
g St
Dowlin
g St
La B
ranc
h St
Richmond AveRichmond Ave Richmond AveRichmond Ave
Allan PkwyAllan Pkwy
RIVEROAKSDISTRICT
HIGHLANDVILLAGE
GREENWAYPLAZA
WEST AVE KIRBYCOLLECTION
RICE VILLAGE
RIVER OAKSSHOPPINGCENTER
Memorial Park
TheGalleria
TexasMedical Center
CBDDaytime Population:300,000Daytime Population:300,000
Midtown
West University
Tanglewood
Bellaire
RiverOaks
Daytime Population:200,000Daytime Population:200,000
Daytime Population:106,000Daytime Population:106,000
I MileI Mile
3100 & 3104 Edloe
288
BLVDPLACE
GALLERIAMALL
4
5
SOUTH WEST FACING
EXECUTIVE SUMM
ARY
SUPERIOR MARKET FUNDAMENTALS The Greenway Plaza office submarket in Houston has traditionally been amongst the best
performing office markets in Houston. At the end of 4th quarter 2017, Class B office space
was 90.6% leased and had nearly 27,000 square feet of absorption. Class B rates average
$27.87 per square foot, which commands the second highest class B rate in the city,
less than $1.00 per square foot behind the CBD and over 35% higher than the average
suburban class B rate.
EXCEPTIONAL REGIONAL MOBILITYSituated on nearly an acre site just north of Southwest Freeway, or I-69, tenants enjoy
convenient access to one of Houston’s major thoroughfares with direct access via Edloe
St. The buildings are also located within minutes of 610, Westpark Tollway, Hwy 288, and
Interstate 10 providing easy access to virtually anywhere in the metropolitan area.
WELL-DIVERSIFIED, HIGH-QUALITY TENANT BASE AND STRONG OCCUPANCY HISTORY The combined rent roll of the two buildings comprise a well-diversified tenant base that
represent a broad range of business sectors including architecture, law, private investment,
wealth management, energy, real estate, and philanthropic firms with no overexposure
to any one industry. Furthermore, the combined occupancy of the two buildings has
averaged nearly 95% over the last 5 years.
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Houston is the 4th largest MSA in the country and has been the recipient of nation leading population and
employment growth due to the city’s high quality of life, business friendly environment, and diverse economy.
Houston added 62,900 jobs in 2017, ranking the city 3rd amongst all major metropolitan areas in the US ( just behind
NYC and DFW) and added nearly 15,000 more jobs than its 25-year historical average. Every single business sector
(except “Information”) posted positive job growth, a testament to the city’s diversification. Additionally, 125,000
new residents migrated to Houston from July 2015 – July 2016 (2nd in the nation) and the Houston Business Cycle
Index has grown at an annualized 2.2%, suggesting growth in the economy has returned to historic norms. As the
nation’s fourth-largest metropolitan area is back on the rise, institutional and private groups have made significant
investments in the commercial real estate with more than $4.6 billion in office properties trading hands in 2017
alone. As the only major city in the US to have seen values reset from a downturn in the current cycle, investors
have returned to Houston to maximize their position in a growing economy.
Sources: Oxford Economics, Real Capital Analytics, HFF Research, *dots represent the 10 most liquid CRE o�ce markets over the past five years, according to RCA
10-YEAR POPULATION & EMPLOYMENT % GROWTH FORCAST | MAJOR U.S. METROS
AtlantaAtlantaBostonBoston
ChicagoChicago
Los AngelesLos Angeles
New York CityNew York City
San FranciscoSan Francisco
NATIONAL AVERAGE
SeattleSeattle
Washington DC Washington DC
0% 2% 4% 6% 8% 10%
12%
14%
16%
18%
20%
Dallas-Fort WorthDallas-Fort Worth
14%
12%
10%
8%
6%
4%
2%
0%
Empl
oym
ent
Population
HOUSTON
#1 POPULATION GROWTH AMONG U.S. METROS SINCE 2010(#2 in forecasted population growth through 2030*)
#1 GDP PER CAPITA IN THE WORLD(#3 GDP growth since 2000 among U.S. metros)
#1 JOB GROWTH AMONG U.S. METROS SINCE 2006(#3 in forecasted job growth for the next 10 years*)
#3 AMONG U.S. CITIES WITH 46 FORTUNE 1000 COMPANIES HEADQUARTERED IN THE CITY
62,900 JOBS ADDED IN 2017 (#3 IN THE U.S.)
125,005 NEW RESIDENTS FROM JULY 2015thru July 2016 (#2 IN THE U.S.)
$232,000 MEDIAN HOME VALUE AS OF DECEMBER 2017
45.8 MILLIONSF Texas Medical Center, the largest medical complex in the world
#2in theatre seats nationally, trailing only Broadway
50,000 ACRESof parks offer more greenspace than any other top 10 metro
MOST FAVORABLEmetro for Science, Technology, Engineering, and Mathematics work-ers (STEM)
LEADING EXPORTERin the nation due to the Port of Houston
20+museums, galleries, and cultural centers in the Houston Museum District
(10,000)
Professional Business Services 21,400
9,300
9,200
6,400
5,000
4,600
3,100
2,700
2,200
1,100
(600)
Trade, Transportation, & Utilities
Construction
Leisure and Hospitality
Government
Manufacturing
Financial Activity
Mining and Logging
Other Services
Education and Health Services
Information
10,000 20,000 30,0000
HOUSTON EMPLOYMENT CHANGES (ALL SECTORS GROWING)T-12 JANUARY 2017 - JANUARY 2018
GROWING HOUSTON ECONOMY
7
EXECUTIVE SUMM
ARY
SITE PLAN
8
ED
LO
E S
TR
EE
T
WE
ST
AL
AB
AM
A C
OU
RT
3 1 0 0 E D L O E S T R E E T
0.95 ACRES COMBINED0.95 ACRES COMBINED
0.46 ACRES0.46 ACRES
0.49 ACRES0.49 ACRES
3 1 0 4 E D L O E S T R E E T
PROPERTY OVERVIEW
Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, “HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.
INVESTMENT ADVISORY
TRENT AGNEW, SIORManaging DirectorT. (713) [email protected]
JOHNNY KIGHTReal Estate AnalystT. (713) [email protected]
FINANCING INQUIRIES
CAMERON CURETONSenior DirectorT. (713) [email protected]
HFF9 Greenway Plaza, Suite 700Houston, Texas 77046T. (713) 852-3500F. (713) 527-8725hfflp.com
