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Building Sustainable

Cedar Park The Shops at East Park

Medical Office & Retail Space

William J. Harrell

17300 Henderson Pass, Suite 290 San Antonio, Texas 78232 Office - (210) 499-4242 Cell - (210) 393-6644 Email - [email protected]

1. Project Overview ● Introduc+on ● The Project Site ● About Cedar Park ● Benefits of Tenancy ● Project Responsibili+es

2.   Maps, Renderings and Plans

● Site Plan (Phase 1-‐3) ● Rendering, Eleva+on ● Floor Plan

3.   Process and Schedule

● Introduc+on ● Suite Development Process ● Projected Development Schedule

4. Building Shell Improvements

● TI Overview ● Shell Space Items ● Tenant Improvement Items

5.   Exhibits

● Tenant Interest Survey ● LeOer of Intent ● Preliminary Design Ques+onnaire

Contents

Cedar Park The Shops at East Park

Medical Office & Retail Space

The Shops at East Park Project Overview IntroducHon The Shops at East Park are being developed in the burgeoning community of Cedar Park, Texas, northwest of Aus+n. It is a mul+-‐phased development ini+a+ve that will meet the Medical Office and Retail needs of residents in this growing community.

Phase I will contain approximately 9,730 square feet of space and will feature physician offices, restaurant and retail space to meet the needs of the community. Phase II will include an addi+onal 9,730 square feet of space similar to the Phase I layout. Phase III of The Shops at East Park will include 9,730 square feet of mixed medical office and retail use as well. Upon comple+on of all three phases, project will contain approximately 29,190 square feet of medical office, retail, restaurant and day care facili+es in three buildings. The en+re project’s design will feature contemporary architecture sustainably built with local materials which will aid the strategic performance of companies in retaining employees, reducing absenteeism, promo+ng the organiza+on’s image, improving organiza+onal produc+vity, and reducing building opera+ng costs.

Leswee Wong, AIA, EDAC, NCARB, LEED-‐AP Director of Healthcare Planning & Design

Project Overview The Project Site The Shops at East Park is uniquely located on the corner of Vista Ridge and East Park Street across from Henry Middle School, Vista Ridge High School, John Gupton Stadium and Reagan Elementary School. hOp://hms.leanderisd.org/ hOp://vrhs.leanderisd.org/ hOp://www.leanderisd.org/users/0001/docs/Athle+cs/Gupton_map.pdf hOp://reagan.leanderisd.org/ This ideal loca+on will be well suited to medical doctors and tenants who’s pa+ents and clients include families, children of all ages, teachers and workers. Medical marke+ng efforts will target pediatricians, pediatric den+sts, orthodon+sts, family physicians, general den+sts, ophthalmologists, psychiatrists, dermatologists, sports medicine and other related medical specialists including veterinarian. Retail marke+ng efforts will target those retailors and service businesses which will meet the needs of children, teachers, families, schools and the community. Businesses which will be targeted will include but not be limited to sit down eateries, counseling and guidance services, studios for art, dance, gymnas+cs, drama, music lessons, hobby instruc+on, health or physical fitness clubs, driving schools, indoor sports and recrea+on, coffee shop, hair and nail care. As each category is pre-‐leased efforts will be made to have and maintain a well rounded Town Center able to serve the needs of the community.

Project Overview The Project Site

Round Rock

Downtown Aus+n

Bright Star Academy

John Gupton Stadium

Henry Middle School Vista Ridge High School

Reagan Elementary School

1. 2. 3. 4.

5. 6. 7. 8.

Primrose School Parmer Montessori Academy SapienHa Montessori School

9. 10. 11. 12..

Cedar Park Montessori School Park Regional Medical Center North AusHn Montessori Brushy Creek Montessori

13. 14. 15.

Rainbow StaHon Rutledge Elementary Patsy Sommer Elementary

Vista Ridge High School 1,923 Students

Henry Middle School 1,518 Students

Reagan Elementary School 820 Students

John Gupton Stadium, SeaHng 10,200 Home of Cedar Park Timberwolves, Vista Ridge Rangers and many community events.

East Park St

reet

Vista Ridge

The Project Site

Project Overview About Cedar Park Cedar Park is one of the fastest-‐growing suburbs in America according to Forbes magazine, and it’s no wonder why. Located just 17 minutes from downtown AusHn, Texas, this city has grown by more than 400% in the last decade. Now the third largest city in the AusHn area with a populaHon exceeding 54,000 within its city limits, the City of Cedar Park a\racts residents from all over the globe because of its unique charm, close proximity to AusHn and the Texas Hill Country, and the beauty surrounding the Lower Colorado River Lake System. Cedar Park has 860 acres of park space and has been named one of the “Top Ten Places to Raise a Family” by Family Circle magazine. There is truly something for everyone here. If you like hiking, bicycling , water sports, live music, fine wine, great food, shopping, or any other acHvity, you will find it in or very close to Cedar Park. Cedar Park is located in the exemplary-‐rated Leander Independent School District, and is home to the AusHn Community College Cypress Creek campus. There are other insHtuHons for higher learning located near Cedar Park including the University of Texas at AusHn, Concordia University, Southwestern University Georgetown, Huston-‐Tillotson University, St. Edward’s University, Texas A&M Health Sciences Center, and Texas State University Round Rock Campus. More than two-‐thirds of Cedar Park ciHzens have at least some college educaHon and nearly half hold a four-‐year degree or be\er. The largest porHon of our populaHon is under the age of 40 years old and the median household income is $74,156.

1 mile 3 mile 5 mile 2012 Average Household Income $119,408 $104,329 $93,986 2012 Total Housing Units 1,736 19,899 65,599 2012 Popula+on 5,050 51,778 174,785

Project Overview Benefits of Tenancy We spend over 90 percent of our lives indoors. Buildings either can be the cause of illness or consciously designed and built in ways that contribute to beOer health. Buildings are one of the heaviest consumers of natural resources and energy and account for significant co2 emissions and electricity consump+on. Green buildings, on the other hand, can be designed to consume less energy and water, which in turn can lower opera+ng and maintenance costs, lead to higher occupant sa+sfac+on, and lower greenhouse gas emissions. So, as the building owner, we want to provide you a place to be healthy and efficient.

Sustainable Building

Following are some of the sustainable strategies we are implemenHng for our buildings: ● Day ligh+ng: Increase interior environmental quality and decrease electric ligh+ng use by having good fenestra+on. ● Solar Control: Minimize peak loads for cooling and increase thermal comfort. Use solar energy for site and building exterior ligh+ng. Reduce light pollu+on. ● High performance envelope: Balance heat loss and radiant comfort with thermal performance by using a high performance Low-‐E insulated glass system. Air +ght construc+on and moisture control. ● Energy-‐efficient building system: The building envelope will be air +ght with a high insula+ve value, which is preven+ng thermal bridges and excessive solar gain. ● Low VOC materials: The building features low VOC-‐emimng materials, including paint, sealants and adhesives for +les, and panels. ● Water efficiency: Recycled condensate and roof rainwater storage for irriga+on. Implement high efficiency plumbing fixtures. ● Recycled and regional materials: A large por+on of the material on the building’s exterior will be made of recycled materials. Most of the building materials will be regional materials, like limestone, boulders and stucco. ● Heat island reduc+on: Use of a modified bitumen roofing system with white sheet topping to reduce heat gain. Parking lot is well screened with trees and shrubbery. ● Site strategies: Filtra+on and deten+on of storm water runoff to reduce storm water impact. Dedicated outdoor areas of respite for staff and occupants. ● Waste reduc+on: Reduce landfill, recycle and reuse construc+on waste material. Use regional landscaping or drought tolerant plan+ng. ● Design, construc+on, and opera+ons: Op+mize efficiency on planning and layout. ● Leadership: Healthier Building Ini+a+ve. ● Environmental stewardship: Improve environmental quality.

Project Overview Benefits of Tenancy Key Concepts: ● The right amount of ligh+ng and controllable temperature will enhance people comfort and produc+vity. ● Supply occupant’s access to daylight, windows, and contact with nature to provide significant physical and psychological benefits and improve job sa+sfac+on. ● Good indoor air quality and controlled moisture in the building infrastructure can reduce exposure to indoor pollutants, and increased energy efficiency.

How can sustainability benefit your organizaHon? Economic Benefits: •  Reduce opera+ng costs •  Reduced risk brings decreased insurance premiums •  Easier Hiring of the Best Talent •  Higher Reten+on of Top Talent •  Increases Employee Produc+vity

Health Benefits: • Reduce air pollu+on that originates from the building itself or people commu+ng to the facility. •  Use of fewer toxic materials • Health benefits to pa+ents, staffs, and visitors from natural ligh+ng.

Project Overview Project ResponsibiliHes The developer will oversee all aspects of project development and management as outlined below:

● Conduct pre-‐leasing ● Secure construc+on and permanent financing ● Guarantee project financing when required by lenders ● Oversee and coordinate building shell design and development ● Oversee and coordinate tenant suite design and development (services available if needed) ● Oversee and coordinate the development team, including: general contractor, architects,

engineers, suite planners and designers (if needed) Tenant responsibili+es include:

● Signing 7-‐10 year leases ● Responding with suite design input and approvals in a +mely fashion (if needed) ● Contribu+ng addi+onal funds for interior improvements in excess of the TI allowance

provided by developer, if required to meet tenant specifica+ons.

Master Plan – Site Plan

Phase I

Phase 2

Phase 3 Leased


Building Exterior Design -‐ Rendering

Building Sustainable Sustainable means not just Green, but also Livable.


Process and Schedule IntroducHon Establishing early and frequent communica+on with prospec+ve tenants who are interested in leasing space in our project is of great importance….long before ground is broken, while we are working with the architect to develop the building’s design. In this way, we can ensure the facility is designed with input from the tenants who will be there. Accordingly, we will want to gain insight from you about such topics as:

● Your prac+ce’s present and planned volume and an+cipated space needs ● Complementary physician specialists you would like to see in the building ● Ameni+es that would appeal to your pa+ents and staff

We intend for each project we develop to be the premier facility in the area, offering ameni+es and services not found in compe+ng buildings. This aOen+on to detail and communica+on in the early stages of the design and construc+on process ensures +mely, efficient and professional comple+on of our development projects.

Process and Schedule Suite Development Process

Owner Collects Le\er of Intent and Deposit from Physicians and/or Tenant

Owner and Tenant Execute Lease Agreements Owner Obtains a Conceptual Space Plan

Owner Obtains Suite Design and Preliminary ConstrucHon Budget

Tenant Completes a Preliminary Design QuesHonnaire

Owner Obtains ConstrucHon Documents and Final Suite ConstrucHon Budget

Owner and Tenant Execute any Lease Amendments

Owner Obtains Suite Building Permit

Owner Coordinates Suite ConstrucHon

Lease Commencement Date

Occupancy

Tenant Pays Excess ConstrucHon Costs (if necessary)

Tenant Selects All Suite Finishes

Tenant Approval

Tenant Approval

20% Walk Through By Tenant

ConstrucHon Budget Revised for Change Orders (if necessary)

Punch List – Tenant Pays Excess ConstrucHon Costs For Change Orders (if necessary)

Tenant Obtains Suite Design and Preliminary ConstrucHon Budget

Tenant Obtains ConstrucHon Documents and Final Suite ConstrucHon Budget

VREP Approval

Tenant’s RepresentaHve Obtains Suite Building Permit

Tenant’s RepresentaHve Coordinates Suite ConstrucHon

VREP Approval

Lease Commencement Date

Occupancy

Tenant Designs and Builds Their Own Suite

VREP Designs and Builds Tenants Suite

Legend

Building Shell Improvements TI Overview Development projects are built with two components: shell space and tenant improvements (TIs). Shell space typically includes finishes to the envelope of the building and to the floor (but not the suite) level, all funded by the Landlord as part of its development cost. TIs includes finishes inside tenant suites as well as connec+ons to various building services that have been brought to the floor level during construc+on of the shell.

Building Improvements Shell Space Items In typical medical office and retail space development, “shell space” includes such items as:

● Project site work and building access ● Main building architectural and engineering costs and permimng fees ● The building envelope: exterior walls, windows, and roof ● Building signage (exterior monument and direc+onal signage) ● Roof and exterior wall insula+on ● Building systems: Main service line for Electrical and Plumbing. ● Plumbing risers at appropriate loca+ons throughout the building to which tenants connect for plumbing in their suites (as part of TI expense) ● Water service to the floor to which tenants connect for water service in their suites

(as part of TI expense) ● Main Electrical panel and disconnect for tenants to connect for electrical service in their

suites (as part of TI expense) ● Sprinkler system – main riser to which tenants connect for branch distribu+on of sprinklers in

their suites (as part of TI expense) ● Telecom service to the building (cabling to individual suites is part of TI expense)

Tenant Improvements Tenant Improvement Items In the same typical medical office and retail space development, “tenant improvement” includes such items as:

● Individual suite architectural and engineering costs ● Permimng costs for the individual suite (municipal fees based on a percentage of suite

construc+on cost) ● Plumbing and water service distribu+on from floor level to suite and rooms ● Plumbing fixtures and installa+on ● Electrical distribu+on from main panel on floor to suite and rooms ● Electrical fixtures and installa+on ● Roof top unit(s) for HVAC installa+on to suite and rooms ● HVAC fixtures and installa+on ● Sprinkler distribu+on from main riser at floor to suite and rooms ● Sprinkler heads and installa+on ● Telecom cabling from main floor wiring to suite and rooms ● All drywall inside the suite ● Doors, frames and hardware inside the suite ● Millwork (wood) and casework (laminate) cabinets and trim ● Paint, wall coverings, flooring, ceiling grid and +les ● Specialty accents: toilet accessories, mirrors and sliding glass doors ● Specialized needs: medical gas, extra structural support for heavy

equipment or files, dedicated circuits, sound insula+on, etc. ● Suite signage

Tenant Improvements -‐ conHnued Tenant Improvement Items As part of the lease transac+on, the Landlord will provide a “TI allowance” – an amount of money per rentable square foot leased – to be used by each new tenant towards finish-‐out of his or her suite. The TI allowance typically compares very favorably with other developers in the market who offer TI allowances for finish-‐out of medical and retail space. The TI allowance may or may not cover the en+re cost of the tenant’s finishes. Factors that can escalate TI expense include the amount of millwork, casework, cabinetry and plumbing desired by the tenant; and the grade level of flooring, wall coverings and accents chosen. The single most important ac+on a tenant can take to gain the most value in a TI allowance is to sign his or her lease early. The reason is, (if you choose the same builder as the Landlord for the building shell) TIs can be bid in volume as part of the ini+al bid package on the building shell and there can be as much as a 15%-‐20% efficiency effect gained. Finally, there are other expenses a tenant will need to consider, which are neither shell nor TI costs but which you will typically incur to make your office fully opera+onal. Such items include telephones, computers, furniture, medical equipment and examina+on tables. Restaurants would be kitchen equipment, tables and chairs.

The Shops at East Park Vista Ridge & Park Lane Cedar Park, TX 78613

AMENITIES ● Located at the main intersec+on serving the Silverado Ranch and Forest Oaks Master Planned Communi+es ● Walking distance to Henry Middle School, Vista Ridge High School, Reagan Elementary and John Gupton Stadium SIZE ● Approximately 29,190 square feet of neighborhood medical office and retail space (Phase I -‐ 9,730 square feet)

AVAILABLE ● Suite sizes available from 1,500 to 9,730 square feet LEASE RATE ● $22.00 per square foot per year NNN ● $9.00 per square foot es+mated for 2014 TI Allowance ● $35.00 per square foot


William J. Harrell


The Shops at East Park Medical Office & Retail Space

Building Sustainable

Contact Information:

William J. Harrell
