plaza las campanas land / build-to-suit...

210 524 40008023 Vantage Dr, Suite 1200

San Antonio TX 78230reocsanantonio.comSAN ANTONIO

R E O C

Brian D. Harris, CCIMPresident, PartnerDirect Line 210 524 [email protected]

Plaza Las Campanas1858 N Loop 1604 W, San Antonio, Texas 78248

Land / Build-to-Suit Available

Fully developed paved lot with all utilities, water quality and landscaping


210 524 4000

SAN ANTONIOR E O C Table of Contents

© 2015 REOC San Antonio. REOC San Antonio is a licensed Real Estate broker in the State of Texas operating under REOC General Partner, LLC. The information contained herein is deemed accurate as it has been reported to us by reliable sources. As such, we can make no warranty or representation as to the accuracy or completeness thereof. Further, the property is presented subject to availability, change in price or terms, prior sale or lease, or withdrawal from the market.

SECTION 1 Maps

SECTION 2 Plans

SECTION 3 Renderings

SECTION 4 Property Summary

SECTION 5 Quote Sheet

SECTION 6 San Antonio Overview

SECTION 7 Stone Oak Overview

SECTION 8 Demographics

SECTION 9 TREC Agency Disclosure


210 524 4000

SAN ANTONIOR E O C City Location Map


210 524 4000

SAN ANTONIOR E O C Aerial Map


210 524 4000

SAN ANTONIOR E O C Area Restaurants

Highlight indicates high-end restaurant

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BLANCORD

REDLAND RD

HUEBNER RD

STONE

OAK

PKWY

GO

LD C

ANYO

N

BLANCO RD W

£¤281

THE CLUB ATSONTERRA

")1604

0 0.50.25 MilesPlaza Las Campanas

Restaurant¬1

1. Papa John’s Pizza2. Galpão Gaucho Brazilian

Steakhouse3. Big’z Burger Joint4. Burger King5. Starbucks6. Edison Experiment7. COVER 3 8. Wildfish Seafood Grille9. Whataburger10. The Melting Pot11. Bush’s Chicken12. El Bucanero13. Pizza Hut14. Longhorn Cafe15. El Jalisco Grill & Cantina16. Subway17. McDonald’s18. Popeyes Louisiana Kitchen19. Jim’s Restaurant20. Taco Cabana21. Delice Chocolatier &

Patisserie22. Houlihan’s

23. Costa Pacifica24. SILO25. Eggspectation26. MOD Pizza27. J-Prime Steakhouse28. Applebee’s29. Pasha Mediterranean Grill30. Panera Bread31. Aldino at The Vineyard32. Chipotle33. Stone Werks Big Rock

Grille34. Sushishima Japanese35. Demo’s Greek Food36. Wendy’s37. Sake Cafe38. El Taco Grill39. Quarters Japanese & Korean

Bbq40. Heavenly Pho Vietnamese41. Chick-fil-A42. Luby’s43. Wahkee Chinese Seafood

Restaurant

44. Michin Grill Kitchen & Tequila Bar

45. Zoës Kitchen46. Tarka Indian Kitchen47. Chama Gaúcha Brazilian

Steakhouse48. Buffalo Wings & Rings49. Sushi Zushi50. Mellow Mushroom51. River City Seafood & Grill52. Kirby’s Steakhouse53. Mickey Mantle’s Steakhouse54. Toro Kitchen + Bar55. Halo Lounge and Club56. Taipei 57. Luciano Neighborhood

Pizzeria58. Delicious Tamales59. Cool Cafe60. Sonic61. Firehouse Subs62. Izakaya Nin63. Le Peep Cafe64. Little Caesar’s

65. India Taj Palace Restaurant66. 3 Amigos67. Royal Pizza68. Clear Springs Cafe69. Kumori Sushi & Teppanyaki 70. Little Woodrow’s71. First Watch - Sonterra72. The Draft Station at Sonterra73. Auden’s Kitchen74. WOW Cafe75. Gorditas DoÃ±a Tota76. Hoppy Monk77. Smoothie King78. Brick House Tavern & Tap79. Krispy Kreme80. Jason’s Deli81. Hon machi82. Five Guys Burgers & Fries83. Chuck E Cheese84. Perico’s85. Las Palapas86. Cake Art87. Pho Nguyen Restaurant88. Buffalo Wild Wings

89. Main Event90. Sam’s Boat91. Genghis Grill92. Schlotzsky’s93. IHOP94. Taco Bell/KFC95. Laguna Madre96. Tequila Mexican Grill97. Bill Miller98. China Harbor99. Red Lobster100. Chili’s101. Chuy’s102. La Madeleine103. Fonda Argentina104. Zio’s105. Fish City Grill106. Red Robin107. Pei Wei


210 524 4000

SAN ANTONIOR E O C Area Hotels & Resorts

1. Best Western Hill Country Suites2. Comfort Suites3. Courtyard Marriott4. Drury Inn & Suites5. Drury Plaza Hotel6. Fairfield Inn & Suites7. Hampton Inn8. Homewood Suites9. Hyatt Place10. La Quinta Inn & Suites11. Quality Inn & Suites12. Residence Inn Marriott13. Staybridge Suites

1. Noah’s Event Venue

Route from Brasserie Pavil to the Westin La Cantera Resort: 10 minutes or 6.87 miles.

Route from Brasserie Pavil to the JW Marriott Resort: 17 minutes or 9.85 miles.


210 524 4000

SAN ANTONIOR E O C Area Major Employers

1. NuStar Energy - 1,600 employees2. Medtronic - 900 employees3. Security Service Federal Credit Union - 1,087 employees4. Six Flags Fiesta Texas - 3,000 employees5. Valero Energy Corporation - 2,000 employees6. Kinetic Concepts (KCI) - 2,068 employees

7. Accenture - 500 employees8. Harland Clarke - 3,100 employees9. USAA - 15,000 employees10. JPMorgan Chase (Retail Operations Center) - 4,300 employees11. Clear Channel Communications, Inc. - 2,800 employees12. Tesoro - 800 employees

Source: The 2010, 2011 & 2012 Book of Lists, The San Antonio Business Journal.Number of employees represent those that are employed in San Antonio only.


210 524 4000

SAN ANTONIOR E O C Area Hospitals

1. Global Rehab Hospital2. North Central Baptist Hospital3. Physicians Ambulatory Surgery Center IV4. Methodist Ambulatory Surgery Center5. San Antonio Kidney Disease Center6. The Spine Hospital of South Texas7. Methodist Stone Oak Hospital8. Laurel Ridge Hospital

14 minute drive time (8.61 miles) to South Texas Medical Center via Huebner Rd/Babcock Rd.

6 minute drive time (2.95 miles) to North Central Baptist Hospital via Loop 1604/Stone Oak Pkwy.

7 minute drive time (3.61 miles) to Methodist Stone Oak Hospital via Loop 1604/Stone Oak Pkwy/E Sonterra Blvd


210 524 4000

SAN ANTONIOR E O C Site Plan

56,994 SQUARE FEET1.39 ACRES


210 524 4000

SAN ANTONIOR E O C Oblique Aerial Photo

#12 in alcohol sales*

#2 in alcohol sales*

*As reported May 2018 by AlcoholSales.com (establishments within a 5-mile radius of Subject)


210 524 4000

SAN ANTONIOR E O C

Benefits � Nearly 170,000 square feet of retail, office and fine dining

� Full service retail bank on site

� Located at the epicenter of San Antonio’s major growth

� Great location fronting Loop 1604 at Huebner Road, a major thoroughfare that connects an astounding number of gated residential communities and runs from the South Texas Medical Center and into Stone Oak/PGA Village

� Accessible to the South Texas & Stone Oak Medical Center areas

� Unique location draws from Boerne, South Texas Medical Center and Stone Oak

� Home to two of the finest restaurants in San Antonio including Wildfish Seafood Grille and Cover 3

Property Summary � Use of “functional bells” and custom painted Mexican tiles

throughout the project to express the theme of the development as “the location that resonates”

� Distinctive exterior pylon signage available

� Prestigious client base & unique tenant mix

� Highest residential demand area in San Antonio with over 72 established subdivisions

� Residential community prices range from $300,000 to several million dollars

� Exceptional demographic profile

� Population has more than doubled within a 5-mile radius, more than tripled within a 3-mile radius and increased 647% within a 1-mile radius since 1990

� Near two of San Antonio’s largest and strongest Texas Education Agency recognized school districts, with 17 elementary schools, 4 middle schools and 4 high schools

� Over 15 “mega” churches in the surrounding community

� Great shopping with all major retailers, recreation and fitness centers located in close proximity to the site

� Large selection of fine dining options as well as casual and fast food choices nearby

� San Antonio hospitality industry is supported by 40,000 hotel rooms

� Within ten mile radius, there are 29,852 employers with over 360,700 employees

� Six major hospitals located less than five miles; complimented by 20 medical office buildings

� Area golf courses include 8 existing facilities and the new PGA resort

Address 1858 North Loop 1604 West

Location Loop 1604 and Huebner Road

Property 1.39 AcresDetails 56,994 SF

Utilities All utilities available Storm Water Water quality pond and detention is in place through property owner’s association serving the property

Legal Portion of NCB 18394 BLK 1 LOT 14Description

Zoning C-2 ERZD

Road Loop 1604Frontage

Traffic CountsLoop 1604 east of Huebner; 136,275 vpd (2015)Source: TxDOT Statewide Planning Map


210 524 4000

SAN ANTONIOR E O C Quote Sheet

Actual Sale Price under any proposed purchase contract is a function of the relationship of numerous characteristics including credit worthiness of buyer and other factors deemed important by the Seller.

This Quote Sheet does not constitute an offer. Neither this document nor any oral discussions between the parties is intended to be a legally binding agreement, but merely expresses terms and conditions upon which the Landlord may be willing to enter into an agreement. This Quote Sheet is subject to modification, prior sale or withdrawal without notice and neither party hereto shall be bound until definitive written agreements are executed by and delivered to all parties to the transaction. The information provided herein is deemed reliable, however, no warranties or representations as to the accuracy are intended, whether expressed or implied.

Sale Price $33.50/SF

Earnest Money TBD

Title Commitment Delivered to Buyer within ten (10) days of contract Effective Date

Survey Current survey delivered to Buyer within ten (10) days of contract Effective Date

Feasibility Period Ninety (90) days from the contract Effective Date

Closing Thirty (30) days after the end of the Feasibility Period

Disclosure A copy of the attached Real Estate Agency Disclosure Form should be signed by the appropriate individual and returned to Seller’s representative.


210 524 4000

SAN ANTONIOR E O C San Antonio Overview

Largest U.S. Cities

1 New York2 Los Angeles3 Chicago4 Houston5 Philadelphia6 Phoenix7 San Antonio8 San Diego9 Dallas10 San Jose

Ethnicity

Black Alone

American Indian Alone

Asian Alone

Some Other Race Alone

Two or More Races

White Alone

74.2%7%

0.8%

12%

3.5%

2.3%

Hispanic Origin (Any Race)

Non-Hispanic

45%

55%

San Antonio-New Braunfels Metro Area

Pop

ulat

ion

Med

ian

Age

Tota

l Hou

seho

lds

Avg

. Hou

seho

ld In

com

e

Med

ian

Hou

seho

ld In

com

e

Per

Cap

ita In

com

e

1,711,703

2,142,508

2,318,052

2,524,054

2000 Census

2010 Census

2015 Estimate

2020 Projection

32.9

34.1

34.8

35.6

601,265

763,022

829,834

906,792

$51,426

$62,458

$72,664

$82,673

2000 Census

2010 Census

2015 Estimate

2020 Projection

$39,029

$50,146

$52,913

$60,771

$18,443

$22,135

$26,383

$30,048

Sources: U.S. Census; ESRI 2015 Estimates; U.S. Census Bureau 2010, ESRI forecasts for 2015 & 2020; Fortune 2015 Rankings

Austin80 miles

Dallas280 miles

Houston200 miles

Corpus Christi145 miles

Laredo/Nvo. Laredo 150 miles

Mexico City900 miles

San Antonio

Located in South Central Texas within Bexar County, San Antonio occupies approximately 504 square miles. Situated about 140 miles north of the Gulf of Mexico where the Gulf Coastal Plain and Texas Hill Country meet.

Major Industries

In Billions

$0 $5 $10 $15 $20 $25 $30

Manufacturing

Health Care & Bioscience

Finance

Real Estate & Construction

Military

Hospitality/Tourism

Major Industries

Finance

Real Estate & Construction

Military

Hospitality & Tourism

Health Care & Bioscience

Manufacturing

$0 $5 $10 $15 $20 $25 $30

1 Valero Energy 13

2 Tesoro Corp 77

3 USAA 122

4 CST Brands, Inc 277

5 iHeart Media 429

6 NuStar Energy 741

Fortune 500 CompaniesSAT USRankings


210 524 4000

SAN ANTONIOR E O C Stone Oak Area Overview

� Situated in the rolling plains of the Texas Hill Country in the northern suburbs of San Antonio � With a residential concentration of more than fifty subdivisions, Stone Oak is a vibrant, fully self-sustaining community which serves as

the centerpiece of the sprawling Far North sector � The Far North Central submarket was recently ranked #9 among the nation’s Top 10 Busiest Multi-Family Submarkets, according to

Property Management Insider � Considered to be one of the most upscale and desirable areas of San Antonio featuring master-planned communities like Sonterra and

Stone Oak as well as other affluent neighborhoods � Known for having some of the top schools and largest mega-churches in San Antonio � Conveniently located near the crossroads of Loop 1604 & US 281 – just minutes away from The University of Texas at San Antonio,

South Texas Medical Center and Stone Oak Medical Center � Served by a maturing medical hub anchored by North Central Baptist Hospital and Stone Oak Methodist Hospital � The northern rim of Loop 1604, sometimes referred to as the “Energy Corridor” is anchored by Tesoro Headquarters, NuStar Energy

Headquarters, Valero Headquarters, EOG Resources Regional Headquarters, Schlumberger, and other oil & gas companies � Other major area employers include Clear Channel Media/iHeart Radio, CST Brands and Chase Bank Operations � Nearby retail centers offer a wide selection of full-service and quick-service restaurants, shopping, services and other amenities � Area recreational facilities include the newly opened Top Golf along with Six Flags Fiesta Texas, Sonterra Country Club, Lifetime Fitness,

Gold’s Gym, LA Fitness and more � JW Marriot San Antonio Hill Country Resort, La Cantera Hill Country Resort and Eilan Hotel Resort and Spa � As of the fall semester 2015, there were more than 28,787 students enrolled at nearby UTSA � REOC San Antonio tracks more than 5.3 million square feet of retail lease space in the Far North sector along with nearly 3.1 million

square feet of multi-tenant office lease space in addition to roughly 1.2 million square feet of medical-only office space.

Reta i l

San

An

ton

io - T

hird

Qu

arter 2017

San Antonio Retail Market

Third Quarter 2017# of

Bldgs Inventory (SF)Direct

Vacant (SF)

Direct Vacancy Rate (%)

Direct Quarterly

Absorption Direct YTD Absorption

Average Quoted Rental Rate

Under Construction

Central Business District 8 1,209,068 19,902 1.6% 0 0 $16.00 0Regional Ctr 2 1,053,363 5,942 0.6% 0 0Community Ctr 0Strip Ctr 0Neighborhood Ctr 6 155,705 13,960 9.0% 0 0 $16.00Power Ctr 0

Far North Central 69 4,672,973 392,456 8.4% (893) 9,789 $23.29 23,091Regional Ctr 0 N/ACommunity Ctr 12 1,502,000 115,874 7.7% (2,533) 14,358 $20.39Strip Ctr 24 412,549 36,574 8.9% 241 (11,764) $20.00 23,091Neighborhood Ctr 28 1,032,435 146,578 14.2% (4,845) 985 $22.28Power Ctr 5 1,725,989 93,430 5.4% 6,244 6,210 $25.33

Far West 34 4,418,292 255,635 5.8% 8,635 35,184 $13.28 22,660Regional Ctr 0Community Ctr 4 827,931 71,303 8.6% (1,609) (5,303) $24.00Strip Ctr 6 326,409 4,200 1.3% 2,000 2,200 $21.29 22,660Neighborhood Ctr 22 1,701,152 155,471 9.1% 8,244 29,330 $12.60Power Ctr 2 1,562,800 24,661 1.6% 0 8,957

North Central 96 8,445,753 677,880 8.0% (4,814) (32,577) $15.04 34,402Regional Ctr 1 1,265,000 0.0% 0 0Community Ctr 5 977,323 45,314 4.6% (4,444) 14,579 $15.00Strip Ctr 21 442,478 25,650 5.8% 13,721 10,778 $16.98Neighborhood Ctr 60 3,174,236 364,716 11.5% (10,187) (37,055) $16.24 34,402Power Ctr 9 2,586,716 242,200 9.4% (3,904) (20,879) $12.00

North East 106 8,662,607 743,418 8.6% (9,012) 125,867 $15.37 0Regional Ctr 1 881,339 0.0% 0 0Community Ctr 6 944,129 81,898 8.7% 6,134 14,899 $12.15Strip Ctr 28 644,560 103,531 16.1% (1,233) 27,646 $15.27Neighborhood Ctr 66 4,269,033 449,059 10.5% 8,119 93,786 $13.68Power Ctr 5 1,923,546 108,930 5.7% (22,032) (10,464) $26.41

North West 161 15,246,731 886,868 5.8% 102,679 75,425 $14.99 113,870Regional Ctr 4 3,429,386 76,914 2.2% (39,979) (31,175)Community Ctr 10 1,276,212 29,123 2.3% (1,408) 393 $18.99Strip Ctr 40 875,603 123,135 14.1% (730) 13,707 $18.81 24,050Neighborhood Ctr 98 5,932,907 576,226 9.7% 72,481 110,503 $14.66 89,820Power Ctr 9 3,732,623 81,470 2.2% 72,315 (18,003)

South 49 5,484,642 396,189 7.2% 19,008 (36,762) $19.98 0Regional Ctr 1 801,120 0.0% 0 0Community Ctr 5 814,703 27,915 3.4% 0 (6,270)Strip Ctr 7 141,153 8,638 6.1% 8,000 5,440 $22.82Neighborhood Ctr 30 2,294,604 282,093 12.3% 9,182 (22,733) $15.39Power Ctr 6 1,433,062 77,543 5.4% 1,826 (13,199) $23.36

New Braunfels 21 1,950,086 199,967 10.3% 24,991 36,680 $24.29 0Regional Ctr 0 0Community Ctr 6 579,451 50,141 8.7% 26,476 16,159 $30.00Strip Ctr 7 288,837 19,583 6.8% 26,333 24,721 $15.00Neighborhood Ctr 4 288,670 17,993 6.2% (13,193) (16,733)Power Ctr 4 793,128 112,250 14.2% (14,625) 12,533

Boerne 8 344,440 34,657 10.1% (3,000) (8,829) $17.65 0Regional Ctr 0 0Community Ctr 0 0Strip Ctr 4 120,384 9,500 7.9% (3,000) (3,000) $17.77Neighborhood Ctr 4 224,056 25,157 11.2% 0 (5,829) $17.00Power Ctr 0 0

Grand Total 552 50,434,592 3,606,972 7.2% 137,594 204,777 $16.62 194,023Regional Ctr 9 7,430,208 82,856 1.1% (39,979) (31,175) N/A 0Community Ctr 48 6,921,749 421,568 6.1% 22,616 48,815 $15.48 0

Strip Ctr 137 3,251,973 330,811 10.2% 45,332 69,728 $17.61 69,801

Neighborhood Ctr 318 19,072,798 2,031,253 10.7% 69,801 152,254 $15.26 124,222

Power Ctr 40 13,757,864 740,484 5.4% 39,824 (34,845) $21.07 0

Analysis by REOC San Antonio based on data provided by Xceligent ans approved by the San Antonio Retail Advisory Board.

Statistical information is calculated on multi-tenant centers totaling 20,000 sf and larger

Rental rates reflect non-weighted strict average asking rates quoted on an annual triple net basis (excluding regional malls)

New Development

Project Comments Size SubmarketBulverde Marketplace Completed 3Q17; HEB anchor 118,000 North CentralShaenfield Ranch Completed; Vision Source; Completed 2Q17 45,000 North WestShops at Canyon Crossing Completed; Completed 2Q17 30,000 North WestPotranco West Shopping Center Completed; Urban Brick; Completed 2Q17 20,000 Far WestDominion Springs Plaza Under Construction; Est Completion 4Q 17 53,420 North WestCulebra Town Center Under Construction; Est Completion 1Q 18 36,400 North WestThe Village at Bulverde Marketplace Under Construction; Est Completion 1Q 18 34,402 North CentralHuntington Square Under Construction; Est Completion 4Q 17 24,050 North WestSinging Hills-Retail Building 2 Under Construction; North 281 & SH 46; 269,338 SF Project 23,091 Far North CentralCulebra Commons Phase I Under Construction; Retail Center, Est Completion 4Q 17 22,660 Far WestShops at Dove Creek Planned; Loop 1604 & Potranco 400,000 Far WestBrooks Crossing Planned; South IH-37 & City Base Landing 298,000 SouthCulebra Commons Phase II Planned; Retail Center 120,000 Far West

Office

San A

ntonio

- Third

Quarter 2017

San Antonio Office Market Third Quarter 2017 # of Bldgs

Inventory (SF)

Direct Vacant (SF)


Direct Quarterly Net Absorption

(SF)YTD Direct Net Absorption (SF)

Average Quoted

RentYTD Total SF Completed

Under Construction

North Central 129 8,730,092 1,047,717 12.0% 21,476 (40,743) $22.62 0 0

A 20 3,083,085 275,523 8.9% 34,023 (21,237) $26.75

B 86 4,748,361 661,742 13.9% (12,850) (24,914) $21.03

C 23 898,646 110,452 12.3% 303 5,408 $15.56

CBD 49 5,127,025 823,111 16.1% (23,382) (14,198) $21.16 0 877,540

A 6 2,002,381 253,841 12.7% (23,981) (35,922) $26.17 806,000

B 27 2,398,505 386,373 16.1% 8,924 37,309 $18.60 71,540

C 16 726,139 182,897 25.2% (8,325) (15,585) $16.54

North West 163 9,714,781 1,616,173 16.6% 98,287 250,016 $23.61 287,968 437,745

A 29 3,560,754 611,075 17.2% 58,724 74,905 $28.48 287,968 186,437

B 96 5,132,773 876,160 17.1% 24,601 149,906 $20.20 251,308

C 38 1,021,254 128,938 12.6% 14,962 25,205 $17.52

Far North Central 68 3,112,621 379,598 12.2% 31,649 58,036 $29.15 22,299 0

A 15 1,766,053 197,672 11.2% 49,106 71,156 $30.74

B 53 1,346,568 181,926 13.5% (17,457) (13,120) $26.82 22,299

North East 31 1,923,821 259,638 13.5% (4,197) 6,148 $19.63 0 27,572

A 3 593,084 12,414 2.1% 2,520 (612) $24.50

B 19 1,046,332 180,887 17.3% (6,717) (5,438) $19.58 27,572

C 9 284,405 66,337 23.3% 0 12,198 $17.94

Far West 8 826,247 151,824 18.4% (24,114) 37,047 $27.72 101,401 0

A 5 610,370 115,187 18.9% 124 15,350 $27.82 101,401

B 3 215,877 36,637 17.0% (24,238) 21,697 $27.40

South 12 557,145 75,082 13.5% 0 6,388 $16.64 0 86,442

A 1 86,442

B 9 460,453 49,780 10.8% 0 7,288 $15.90

C 3 96,692 25,302 26.2% 0 (900) $17.17

New Braunfels 3 232,760 63,584 27.3% 21,364 22,626 $25.54 0 0

A 1 105,729 50,000 47.3% 20,000 20,000 $25.50

B 2 127,031 13,584 10.7% 1,364 2,626 $26.40

Grand Total 463 30,224,492 4,416,727 14.6% 121,083 325,320 $23.30 411,668 1,429,299

A 80 11,721,456 1,515,712 12.9% 140,516 123,640 $27.92 389,369 1,078,879

B 295 15,475,900 2,387,089 15.4% (26,373) 175,354 $20.77 22,299 350,420

C 89 3,027,136 513,926 17.0% 6,940 26,326 $16.91 0 0

Analysis by REOC San Antonio based on data provided by Xceligent and approved by the San Antonio Office Advisory Board.

Statistical information is calculated for multi-tenant office bldgs 20,000 sf and larger (excluding Single-Tenant, Owner-Occupied, Gov't and Medical Buildings).

Rental rates reflect non-weighted strict average asking rental rates quoted on an annual full-service basis. Rents quoted on a non-full-service

basis (such as NNN) have been calculated up to reflect the full-service rate.

Current Quarter Lease Transactions

Current Quarter Sale TransactionsBuilding Buyer Size SubmarketBank of America Plaza USAA Real Estate Co. 533,465 CBDLegacy Oaks Velocis 223,368 North West4350 Lockhill-Selma Demicilio HS LLC 116,545 North WestShavano Center I & II DRB Shavano LLC 58,222 North WestICON 8307 Gault Lane LLC 41,616 North Central

Tenant Building Size SubmarketUBEO LLC Concord Park II 22,773 Far North CentralBoon Chapman Heritage Plaza 20,000 New BraunfelsSA Metropolitan Ministries 1919 NW Loop 410 15,347 North WestForge Energy Landmark One 14,291 North West

2017 New DevelopmentProject Comments Size SubmarketSSFCU Corporate Campus Completed 2Q 2017; Owner-occupied 270,000 North WestLandmark One Completed 2Q 2017; 4-story 164,531 North WestGM Financial Servicing Center Completed 2Q 2017 100,000 Far WestOne51 Office Centre, Phase II Completed 2Q 2017 101,401 Far WestThe Oaks at Univeristy Business Park 4 Completed 2Q 2017; WellMed 65,048 North WestTeralta Corporate Park Bldgs 1-2 Completed 2Q 2017; Two of four buildings complete 58,389 North WestBella Vista Office Building Completed 1Q 2017 22,299 Far North CentralFrost Tower Construction; Est Completion 1Q 2019 462,000 CBD1803 Broadway Construction; Est Completion 3Q 2019 344,000 CBDFarinon Business Park II Construction; Est Completion 4Q 2017 102,699 North WestPort San Antonio - Project Tech Construction; Est Completion 4Q 2017 - Cyber defense 86,442 SouthFarinon Business Park I Construction; Est Completion 4Q 2017 83,738 North WestPinnacle Oaks - Phase I Construction; Est Completion 1Q 2018 - Flex 80,532 North WestSan Antonio Light Building - Renovation Construction; Est Completion 1Q 2018 - Mixed-use 71,540 CBDTeralta Corporate Park Bldgs 3-4 Construction; Est Completion 1Q 2018 66,900 North WestFair Oaks Crossing Construction; Est Completion 4Q 2017 - Garden office project 59,000 North WestUniversity Heights Plaza Bldg A Construction; Est Completion 4Q 2017 44,876 North WestTri-County 6 Construction; Est Completion 1Q 2018 - Flex 27,572 North East

Office

San A

ntonio

- Third

Quarter 2017

San Antonio Office Market Third Quarter 2017 # of Bldgs

Inventory (SF)

Direct Vacant (SF)


Direct Quarterly Net Absorption

(SF)YTD Direct Net Absorption (SF)

Average Quoted

RentYTD Total SF Completed

Under Construction

North Central 129 8,730,092 1,047,717 12.0% 21,476 (40,743) $22.62 0 0

A 20 3,083,085 275,523 8.9% 34,023 (21,237) $26.75

B 86 4,748,361 661,742 13.9% (12,850) (24,914) $21.03

C 23 898,646 110,452 12.3% 303 5,408 $15.56

CBD 49 5,127,025 823,111 16.1% (23,382) (14,198) $21.16 0 877,540

A 6 2,002,381 253,841 12.7% (23,981) (35,922) $26.17 806,000

B 27 2,398,505 386,373 16.1% 8,924 37,309 $18.60 71,540

C 16 726,139 182,897 25.2% (8,325) (15,585) $16.54

North West 163 9,714,781 1,616,173 16.6% 98,287 250,016 $23.61 287,968 437,745

A 29 3,560,754 611,075 17.2% 58,724 74,905 $28.48 287,968 186,437

B 96 5,132,773 876,160 17.1% 24,601 149,906 $20.20 251,308

C 38 1,021,254 128,938 12.6% 14,962 25,205 $17.52

Far North Central 68 3,112,621 379,598 12.2% 31,649 58,036 $29.15 22,299 0

A 15 1,766,053 197,672 11.2% 49,106 71,156 $30.74

B 53 1,346,568 181,926 13.5% (17,457) (13,120) $26.82 22,299

North East 31 1,923,821 259,638 13.5% (4,197) 6,148 $19.63 0 27,572

A 3 593,084 12,414 2.1% 2,520 (612) $24.50

B 19 1,046,332 180,887 17.3% (6,717) (5,438) $19.58 27,572

C 9 284,405 66,337 23.3% 0 12,198 $17.94

Far West 8 826,247 151,824 18.4% (24,114) 37,047 $27.72 101,401 0

A 5 610,370 115,187 18.9% 124 15,350 $27.82 101,401

B 3 215,877 36,637 17.0% (24,238) 21,697 $27.40

South 12 557,145 75,082 13.5% 0 6,388 $16.64 0 86,442

A 1 86,442

B 9 460,453 49,780 10.8% 0 7,288 $15.90

C 3 96,692 25,302 26.2% 0 (900) $17.17

New Braunfels 3 232,760 63,584 27.3% 21,364 22,626 $25.54 0 0

A 1 105,729 50,000 47.3% 20,000 20,000 $25.50

B 2 127,031 13,584 10.7% 1,364 2,626 $26.40

Grand Total 463 30,224,492 4,416,727 14.6% 121,083 325,320 $23.30 411,668 1,429,299

A 80 11,721,456 1,515,712 12.9% 140,516 123,640 $27.92 389,369 1,078,879

B 295 15,475,900 2,387,089 15.4% (26,373) 175,354 $20.77 22,299 350,420

C 89 3,027,136 513,926 17.0% 6,940 26,326 $16.91 0 0

Analysis by REOC San Antonio based on data provided by Xceligent and approved by the San Antonio Office Advisory Board.

Statistical information is calculated for multi-tenant office bldgs 20,000 sf and larger (excluding Single-Tenant, Owner-Occupied, Gov't and Medical Buildings).

Rental rates reflect non-weighted strict average asking rental rates quoted on an annual full-service basis. Rents quoted on a non-full-service

basis (such as NNN) have been calculated up to reflect the full-service rate.

Current Quarter Lease Transactions

Current Quarter Sale TransactionsBuilding Buyer Size SubmarketBank of America Plaza USAA Real Estate Co. 533,465 CBDLegacy Oaks Velocis 223,368 North West4350 Lockhill-Selma Demicilio HS LLC 116,545 North WestShavano Center I & II DRB Shavano LLC 58,222 North WestICON 8307 Gault Lane LLC 41,616 North Central

Tenant Building Size SubmarketUBEO LLC Concord Park II 22,773 Far North CentralBoon Chapman Heritage Plaza 20,000 New BraunfelsSA Metropolitan Ministries 1919 NW Loop 410 15,347 North WestForge Energy Landmark One 14,291 North West

2017 New DevelopmentProject Comments Size SubmarketSSFCU Corporate Campus Completed 2Q 2017; Owner-occupied 270,000 North WestLandmark One Completed 2Q 2017; 4-story 164,531 North WestGM Financial Servicing Center Completed 2Q 2017 100,000 Far WestOne51 Office Centre, Phase II Completed 2Q 2017 101,401 Far WestThe Oaks at Univeristy Business Park 4 Completed 2Q 2017; WellMed 65,048 North WestTeralta Corporate Park Bldgs 1-2 Completed 2Q 2017; Two of four buildings complete 58,389 North WestBella Vista Office Building Completed 1Q 2017 22,299 Far North CentralFrost Tower Construction; Est Completion 1Q 2019 462,000 CBD1803 Broadway Construction; Est Completion 3Q 2019 344,000 CBDFarinon Business Park II Construction; Est Completion 4Q 2017 102,699 North WestPort San Antonio - Project Tech Construction; Est Completion 4Q 2017 - Cyber defense 86,442 SouthFarinon Business Park I Construction; Est Completion 4Q 2017 83,738 North WestPinnacle Oaks - Phase I Construction; Est Completion 1Q 2018 - Flex 80,532 North WestSan Antonio Light Building - Renovation Construction; Est Completion 1Q 2018 - Mixed-use 71,540 CBDTeralta Corporate Park Bldgs 3-4 Construction; Est Completion 1Q 2018 66,900 North WestFair Oaks Crossing Construction; Est Completion 4Q 2017 - Garden office project 59,000 North WestUniversity Heights Plaza Bldg A Construction; Est Completion 4Q 2017 44,876 North WestTri-County 6 Construction; Est Completion 1Q 2018 - Flex 27,572 North East

Reta i l

San

An

ton

io - T

hird

Qu

arter 2017

San Antonio Retail Market

Third Quarter 2017# of

Bldgs Inventory (SF)Direct

Vacant (SF)


Direct Quarterly

Absorption Direct YTD Absorption

Average Quoted Rental Rate

Under Construction

Central Business District 8 1,209,068 19,902 1.6% 0 0 $16.00 0Regional Ctr 2 1,053,363 5,942 0.6% 0 0Community Ctr 0Strip Ctr 0Neighborhood Ctr 6 155,705 13,960 9.0% 0 0 $16.00Power Ctr 0

Far North Central 69 4,672,973 392,456 8.4% (893) 9,789 $23.29 23,091Regional Ctr 0 N/ACommunity Ctr 12 1,502,000 115,874 7.7% (2,533) 14,358 $20.39Strip Ctr 24 412,549 36,574 8.9% 241 (11,764) $20.00 23,091Neighborhood Ctr 28 1,032,435 146,578 14.2% (4,845) 985 $22.28Power Ctr 5 1,725,989 93,430 5.4% 6,244 6,210 $25.33

Far West 34 4,418,292 255,635 5.8% 8,635 35,184 $13.28 22,660Regional Ctr 0Community Ctr 4 827,931 71,303 8.6% (1,609) (5,303) $24.00Strip Ctr 6 326,409 4,200 1.3% 2,000 2,200 $21.29 22,660Neighborhood Ctr 22 1,701,152 155,471 9.1% 8,244 29,330 $12.60Power Ctr 2 1,562,800 24,661 1.6% 0 8,957

North Central 96 8,445,753 677,880 8.0% (4,814) (32,577) $15.04 34,402Regional Ctr 1 1,265,000 0.0% 0 0Community Ctr 5 977,323 45,314 4.6% (4,444) 14,579 $15.00Strip Ctr 21 442,478 25,650 5.8% 13,721 10,778 $16.98Neighborhood Ctr 60 3,174,236 364,716 11.5% (10,187) (37,055) $16.24 34,402Power Ctr 9 2,586,716 242,200 9.4% (3,904) (20,879) $12.00

North East 106 8,662,607 743,418 8.6% (9,012) 125,867 $15.37 0Regional Ctr 1 881,339 0.0% 0 0Community Ctr 6 944,129 81,898 8.7% 6,134 14,899 $12.15Strip Ctr 28 644,560 103,531 16.1% (1,233) 27,646 $15.27Neighborhood Ctr 66 4,269,033 449,059 10.5% 8,119 93,786 $13.68Power Ctr 5 1,923,546 108,930 5.7% (22,032) (10,464) $26.41

North West 161 15,246,731 886,868 5.8% 102,679 75,425 $14.99 113,870Regional Ctr 4 3,429,386 76,914 2.2% (39,979) (31,175)Community Ctr 10 1,276,212 29,123 2.3% (1,408) 393 $18.99Strip Ctr 40 875,603 123,135 14.1% (730) 13,707 $18.81 24,050Neighborhood Ctr 98 5,932,907 576,226 9.7% 72,481 110,503 $14.66 89,820Power Ctr 9 3,732,623 81,470 2.2% 72,315 (18,003)

South 49 5,484,642 396,189 7.2% 19,008 (36,762) $19.98 0Regional Ctr 1 801,120 0.0% 0 0Community Ctr 5 814,703 27,915 3.4% 0 (6,270)Strip Ctr 7 141,153 8,638 6.1% 8,000 5,440 $22.82Neighborhood Ctr 30 2,294,604 282,093 12.3% 9,182 (22,733) $15.39Power Ctr 6 1,433,062 77,543 5.4% 1,826 (13,199) $23.36

New Braunfels 21 1,950,086 199,967 10.3% 24,991 36,680 $24.29 0Regional Ctr 0 0Community Ctr 6 579,451 50,141 8.7% 26,476 16,159 $30.00Strip Ctr 7 288,837 19,583 6.8% 26,333 24,721 $15.00Neighborhood Ctr 4 288,670 17,993 6.2% (13,193) (16,733)Power Ctr 4 793,128 112,250 14.2% (14,625) 12,533

Boerne 8 344,440 34,657 10.1% (3,000) (8,829) $17.65 0Regional Ctr 0 0Community Ctr 0 0Strip Ctr 4 120,384 9,500 7.9% (3,000) (3,000) $17.77Neighborhood Ctr 4 224,056 25,157 11.2% 0 (5,829) $17.00Power Ctr 0 0

Grand Total 552 50,434,592 3,606,972 7.2% 137,594 204,777 $16.62 194,023Regional Ctr 9 7,430,208 82,856 1.1% (39,979) (31,175) N/A 0Community Ctr 48 6,921,749 421,568 6.1% 22,616 48,815 $15.48 0

Strip Ctr 137 3,251,973 330,811 10.2% 45,332 69,728 $17.61 69,801

Neighborhood Ctr 318 19,072,798 2,031,253 10.7% 69,801 152,254 $15.26 124,222

Power Ctr 40 13,757,864 740,484 5.4% 39,824 (34,845) $21.07 0

Analysis by REOC San Antonio based on data provided by Xceligent ans approved by the San Antonio Retail Advisory Board.

Statistical information is calculated on multi-tenant centers totaling 20,000 sf and larger

Rental rates reflect non-weighted strict average asking rates quoted on an annual triple net basis (excluding regional malls)

New Development

Project Comments Size SubmarketBulverde Marketplace Completed 3Q17; HEB anchor 118,000 North CentralShaenfield Ranch Completed; Vision Source; Completed 2Q17 45,000 North WestShops at Canyon Crossing Completed; Completed 2Q17 30,000 North WestPotranco West Shopping Center Completed; Urban Brick; Completed 2Q17 20,000 Far WestDominion Springs Plaza Under Construction; Est Completion 4Q 17 53,420 North WestCulebra Town Center Under Construction; Est Completion 1Q 18 36,400 North WestThe Village at Bulverde Marketplace Under Construction; Est Completion 1Q 18 34,402 North CentralHuntington Square Under Construction; Est Completion 4Q 17 24,050 North WestSinging Hills-Retail Building 2 Under Construction; North 281 & SH 46; 269,338 SF Project 23,091 Far North CentralCulebra Commons Phase I Under Construction; Retail Center, Est Completion 4Q 17 22,660 Far WestShops at Dove Creek Planned; Loop 1604 & Potranco 400,000 Far WestBrooks Crossing Planned; South IH-37 & City Base Landing 298,000 SouthCulebra Commons Phase II Planned; Retail Center 120,000 Far West


210 524 4000

SAN ANTONIOR E O C Demographics: 1-MileDemographic and Income Profile

Plaza Las Campanas Bldg D Prepared by Esri1858 N Loop 1604 W, San Antonio, Texas, 78248 Latitude: 29.60796Ring: 1 mile radius Longitude: -98.52208

Summary Census 2010 2017 2022Population 10,848 11,711 12,452Households 4,307 4,602 4,875Families 3,067 3,213 3,370Average Household Size 2.52 2.54 2.55Owner Occupied Housing Units 3,141 3,189 3,346Renter Occupied Housing Units 1,166 1,413 1,528Median Age 39.4 40.0 39.1

Trends: 2017 - 2022 Annual Rate Area State NationalPopulation 1.23% 1.67% 0.83%Households 1.16% 1.63% 0.79%Families 0.96% 1.58% 0.71%Owner HHs 0.97% 1.58% 0.72%Median Household Income 1.34% 2.23% 2.12%

2017 2022 Households by Income Number Percent Number Percent

<$15,000 133 2.9% 137 2.8%$15,000 - $24,999 95 2.1% 87 1.8%$25,000 - $34,999 141 3.1% 119 2.4%$35,000 - $49,999 201 4.4% 173 3.5%$50,000 - $74,999 550 12.0% 517 10.6%$75,000 - $99,999 525 11.4% 549 11.3%$100,000 - $149,999 893 19.4% 969 19.9%$150,000 - $199,999 683 14.8% 735 15.1%$200,000+ 1,382 30.0% 1,588 32.6%

Median Household Income $132,728 $141,871Average Household Income $176,986 $193,932Per Capita Income $68,115 $74,282

Census 2010 2017 2022 Population by Age Number Percent Number Percent Number Percent

0 - 4 609 5.6% 604 5.2% 664 5.3%5 - 9 854 7.9% 823 7.0% 817 6.6%10 - 14 891 8.2% 916 7.8% 894 7.2%15 - 19 759 7.0% 775 6.6% 794 6.4%20 - 24 525 4.8% 659 5.6% 560 4.5%25 - 34 1,083 10.0% 1,359 11.6% 1,814 14.6%35 - 44 1,756 16.2% 1,574 13.4% 1,684 13.5%45 - 54 1,926 17.8% 1,842 15.7% 1,753 14.1%55 - 64 1,450 13.4% 1,600 13.7% 1,558 12.5%65 - 74 640 5.9% 1,063 9.1% 1,235 9.9%75 - 84 280 2.6% 380 3.2% 542 4.4%

85+ 72 0.7% 117 1.0% 136 1.1%Census 2010 2017 2022

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 9,533 87.9% 10,016 85.5% 10,430 83.8%Black Alone 270 2.5% 327 2.8% 372 3.0%American Indian Alone 26 0.2% 29 0.2% 32 0.3%Asian Alone 574 5.3% 780 6.7% 979 7.9%Pacific Islander Alone 6 0.1% 7 0.1% 8 0.1%Some Other Race Alone 205 1.9% 250 2.1% 276 2.2%Two or More Races 234 2.2% 302 2.6% 355 2.9%

Hispanic Origin (Any Race) 2,475 22.8% 2,991 25.5% 3,433 27.6%Data Note: Income is expressed in current dollars.

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2017 and 2022.

June 30, 2017

©2017 Esri Page 1 of 6


210 524 4000






<$15,000 738 2.9% 742 2.7%$15,000 - $24,999 1,061 4.1% 983 3.6%$25,000 - $34,999 1,117 4.3% 985 3.6%$35,000 - $49,999 2,139 8.3% 1,908 6.9%$50,000 - $74,999 3,440 13.3% 3,319 12.0%$75,000 - $99,999 3,095 12.0% 3,317 12.0%$100,000 - $149,999 5,107 19.8% 5,779 20.9%$150,000 - $199,999 3,711 14.4% 4,235 15.3%$200,000+ 5,410 21.0% 6,352 23.0%



0 - 4 3,356 5.5% 3,380 5.1% 3,738 5.3%5 - 9 4,335 7.2% 4,024 6.1% 4,105 5.8%10 - 14 4,674 7.7% 4,657 7.1% 4,466 6.3%15 - 19 4,098 6.8% 4,246 6.5% 4,208 6.0%20 - 24 3,468 5.7% 3,783 5.8% 3,590 5.1%25 - 34 7,141 11.8% 8,538 13.0% 10,232 14.5%35 - 44 9,122 15.1% 8,794 13.4% 9,910 14.1%45 - 54 9,801 16.2% 9,568 14.6% 9,301 13.2%55 - 64 7,749 12.8% 9,008 13.7% 9,119 13.0%65 - 74 3,864 6.4% 5,938 9.0% 7,066 10.0%75 - 84 2,058 3.4% 2,632 4.0% 3,395 4.8%

85+ 850 1.4% 1,154 1.8% 1,265 1.8%Census 2010 2017 2022

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 51,913 85.8% 54,876 83.5% 57,621 81.9%Black Alone 1,753 2.9% 2,080 3.2% 2,362 3.4%American Indian Alone 195 0.3% 227 0.3% 254 0.4%Asian Alone 3,008 5.0% 4,058 6.2% 5,094 7.2%Pacific Islander Alone 47 0.1% 58 0.1% 72 0.1%Some Other Race Alone 2,045 3.4% 2,460 3.7% 2,706 3.8%Two or More Races 1,557 2.6% 1,963 3.0% 2,285 3.2%



June 30, 2017



210 524 4000






<$15,000 4,003 5.1% 4,054 4.8%$15,000 - $24,999 4,980 6.3% 4,669 5.5%$25,000 - $34,999 5,879 7.5% 5,333 6.3%$35,000 - $49,999 8,640 11.0% 7,930 9.4%$50,000 - $74,999 12,648 16.1% 12,661 14.9%$75,000 - $99,999 9,617 12.2% 10,817 12.8%$100,000 - $149,999 14,185 18.0% 16,819 19.9%$150,000 - $199,999 8,173 10.4% 9,655 11.4%$200,000+ 10,660 13.5% 12,771 15.1%



0 - 4 9,661 5.8% 10,113 5.4% 11,240 5.5%5 - 9 10,841 6.5% 11,002 5.8% 11,348 5.6%10 - 14 11,777 7.0% 11,905 6.3% 11,787 5.8%15 - 19 10,848 6.5% 11,456 6.1% 11,261 5.5%20 - 24 12,223 7.3% 13,264 7.0% 13,446 6.6%25 - 34 23,733 14.1% 29,324 15.5% 33,829 16.6%35 - 44 23,817 14.2% 25,430 13.5% 28,726 14.1%45 - 54 25,577 15.2% 25,423 13.5% 24,870 12.2%55 - 64 20,570 12.3% 23,789 12.6% 24,586 12.1%65 - 74 10,944 6.5% 16,507 8.7% 19,160 9.4%75 - 84 5,708 3.4% 7,476 4.0% 9,674 4.8%

85+ 2,215 1.3% 3,069 1.6% 3,424 1.7%Census 2010 2017 2022

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 137,970 82.2% 150,700 79.8% 159,403 78.4%Black Alone 6,958 4.1% 8,439 4.5% 9,525 4.7%American Indian Alone 786 0.5% 925 0.5% 1,024 0.5%Asian Alone 7,291 4.3% 10,190 5.4% 12,801 6.3%Pacific Islander Alone 158 0.1% 211 0.1% 259 0.1%Some Other Race Alone 9,647 5.7% 11,747 6.2% 12,782 6.3%Two or More Races 5,105 3.0% 6,544 3.5% 7,556 3.7%



June 30, 2017


REOC General Partner, LLC

493853

[email protected]

N/A

Brian Dale Harris

405243

[email protected]

N/A

N/A

N/A

N/A

N/A

Brian Dale Harris

405243

[email protected]

N/A

REOC San A

ntonio, 8023 Vantage D

r. Suite 1200 San Antonio, TX

782302105244000

2105244029Blake Bonner

IABS Form

plaza las campanas land / build-to-suit...

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