4800 Fournace Place A ±30.46-Acre Office & Development Opportunity

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1 4800 Fournace Place A ±30.46-Acre Office & Development Opportunit (Bellaire), Tex as GALLERIA W AY W ES TPAR K TO LL SO UT H RI CE FOURNA E CE PLAC AV EN UE Hollida Fenoglio Fowler, L.P. acting b and through Hollida GP Corp a Texas licensed real estate broker ( HFF ).

2 Executive Summar HFF, as exclusive advisor to Chevron (the Owner ), is pleased to present the rare opportunit to acquire 4800 Fournace Place (the Propert ). The Propert consists of: A ±30.46-acre infill redevelopment site fronting the IH Loop 610 in (Bellaire), Texas. Two vacant office buildings totaling approximatel 547,370 net rentable square feet, completel renovated starting in This is an extremel rare opportunit to purchase an attractive, highl visible, mixed-use redevelopment tract in one of the most densel populated and affluent demographic submarkets in the MSA. INVESTMENT HIGHLIGHTS Fortune 50 Corporate Real Estate Owner After 70+ ears at this location, Chevron will vacate the Propert b the end of 3Q 2017, having consolidated to its larger corporate campus in downtown. This consolidation allows 4800 Fournace Place to be sold as one of s largest infill development sites that is prime for mixed-use development. Unrivaled Urban Infill Site The Propert s rectangular shape, excellent accessibilit and urban nature present a unique opportunit for a well-designed ±30.46-acre infill mixed-use development or corporate campus located on some of s most desirable real estate. In addition, the cit of Bellaire recentl reclassified the Propert as North Bellaire Special Development Area, an opportunit to place-make multiple uses. renovated b Chevron and maintained to the highest qualit corporate standards. Since 2005, Chevron has invested nearl $100 million in capital improvements. Given the qualit of the improvements, desirable infill location and high visibilit from IH Loop 610, the office buildings provide the abilit to, (i) generate near term cash flow to cover the carr cost of the Propert until full redevelopment, and (ii) create value and a potential liquidit event b re-stabilizing the occupanc. Affluent Demographics Ideall situated in the incorporated cit of Bellaire, neighboring West Universit Place, and the areas surrounding the Galleria, which include River Oaks and Tanglewood, are the most affluent residential suburbs in. Bellaire has an average household income of $230,000. In addition, within a 3-mile radius of the Propert, the average household income is $122,349, well above the MSA average of $92,331. Furthermore, within the 3- and 5-mile radii of the Propert, there are an estimated population of 52,633 and 111,268, respectivel. Resilient Econom added 45,300 jobs, (1.51% increase) over the past 12 months as of Ma 2017, the highest percentage and absolute growth rate since Jul This brings the 2017 ear-to-date total to 12,900 jobs, compared to the 18,700 job created in all of Additionall, between Jul 2015 and Jul 2016, added 125,005 new residents, ranking it #2 among U.S. metros during that time. Excellent Access and Frontage Located at the intersection of IH Loop 610 and Fournace Place, the Propert allows for immediate access to s extensive highwa network. Additionall, frontage along South Rice Avenue provides direct access to the Galleria area as well as access to US-59/I-, and the Westpark Tollwa. Best-In-Class Office Buildings Consisting of a ten (10) stor, ±452,370 square foot building and a six (6) stor, ±95,000 square foot building, the Propert totals ±547,370 square feet of office space that was Fournace Place,, TX

3 Location Map Lake State r vd ood Bl Braesw BRAZORIA GALVESTON Stein Armand Baou Clear Lake r D Shepherd Dr Montrose Blvd rb Ki Kirb Dr Greenbriar St Newcastle St Hou Zoo St ai n M Blvd m Ala Stella Link Rd ou a Baport s B ra BTerminal d oo w es ra B St w Pk Braeburn Countr Club Barbour s Cut Terminal Buffalo Speedwa nn so Bis Meerland Plaza Texas Medical Center Holcombe Blvd Galveston Ba Beechnut St t S et Herm UNIV. OF TEX HEALTH SCIE CENTER St Baland RICE UNIVERSITY in Fann HOUSTON BAPTIST UNIVERSITY William P. Hobb Airport rw South Frw West Universit Place San Jacinto Ba Bellaire a Sam Tollwa nd Bissonnet St M ai n Pasadena Frw ew re tf es hw ut Be Weslaan St Chimne Rock Rd lwa ff Fort Westpark Dr Westpark Tol l Gu Proposed Grand Pkw Richmond Ave HOUSTON (BELLAIRE), TX Smithers Lake Fournace Place,, TX n Bellaire Blvd So Westwood Countr Club 4800 FOURNACE w East Fr Gulfton St Sharpstown Mall Sou 4800 FOURNACE HOUSTON (BELLAIRE), TX Fountain View Dr Voss Rd Fondren Rd Texas Sharpstown Countr Club Medical CenterBellaire Blvd Loop th w Fr hw ut FORT BEND t es Harwin Dr Alabama St Batow Chimne Rock Rd lwa Westpark Tol So Downtown The Galleria Westchase Westheimer Rd East Loop Gessner Rd George Bush Richmond Ave Loop San Felipe St Westheimer Rd The Galleria West Loop Road Energ Corridor North Montrose d er R eim th Wes Sage Rd Toll Kat Frw River Oaks Countr Club River Oaks Ave Allen Pkw Sabine Baou lo Galleria w nt H o Tanglewood Sheldon Reservoir aum Pkw Buffa San Felipe St Be Memorial Dr Memorial Lake wa d Woo w Fr Countr Club D r Washington Astrodome S lo t ot S Arn Edloe St ffa Hard Frw rth st No we Memorial Golf Course ed Shepherd Dr ld ia or em M Bu Briar Forest Dr os d Memorial Dr rth op ou Gran Sam Pkw No Pr Ba Westcott St George Bush Intercontinental Airport Greenspoint Heights W hit Ba eoak ou Voss Rd Gessner Rd HARRIS W 11th St Heights Blvd Kat Freewa Memorial Cit Mall Post Oak Rd Silber Rd Blalock Rd Campbell Rd Eas tex Frw MONTGOMERY ExxonMobil Corporate Headquarters LIBERTY Grand Pkw The Woodlands Reliant Reliant Stadium South Loop Six Flags Astroworld Holl Hall

4 TRAFFIC COUNT 210,000 VEHICLES/DAY High Visibilit Location with Excellent Access HOUSTON CBD RIVER OAKS $1.2MM-$10MM GREENWAY PLAZA AFTON OAKS $500K-$2MM WEST UNIVERSITY $650K-$5MM TRAFFIC COUNT 13,333 VEHICLES/DAY SOUTH RICE AVENUE FOURNACE PLACE BELLAIRE $600K-$5MM Fournace Place,, TX

5 Two Existing Office Buildings Totaling 616,500 GSF THE GALLERIA GREENW AY PLAZA BELLAIRE OFFICE BUILDING TRAFFIC COUNT 350,000 VEHICLES/DAY TRAF 210,05 FIC COUNT 6 VEHIC LES/DA Y CENTRAL PLANT Fournace Place,, TX BELLAIRE ANNEX BUILDING

6 Office Overview BUILDING BELLAIRE OFFICE BUILDING BELLAIRE ANNEX BUILDING Square Feet 452,370 95,000 Stories 10 6 Year Built Renovation Started Corporate Cafeteria Tpical Elevator Bank 200 Seat Auditorium Tpical Floor Coffee Bar Fournace Place,, TX

7 Propert Photographs Fitness Center Locker Rooms with Showers Building II Lobb Tpical Office Space Fournace Place,, TX

8 4800 Fournace Place A ±30.46-Acre Office & Development Opportunit (Bellaire), Texas Exclusive Marketing Advisors DAVIS ADAMS Managing Director (713) dadams@hfflp.com JEFF HOLLINDEN Senior Managing Director (713) jhollinden@hfflp.com WALLY REID Senior Managing Director (713) wreid@hfflp.com HFF has been engaged b the owner of the propert to market it for sale. Information concerning the propert described herein has been obtained from sources other than HFF, and neither Owner nor HFF, nor their respective equit holders, officers, emploees and agents makes an representations or warranties, express or implied, as to the accurac or completeness of such information. An and all reference to age, square footage, income, expenses and an other propert specific information are approximate. An opinions, assumptions, or estimates contained herein are projections onl and used for illustrative purposes and ma be based on assumptions or due diligence criteria different from that used b a purchaser, and HFF, its partners, officers, emploees and agents disclaim an liabilit that ma be based upon or related to the information contained herein. Prospective purchasers should conduct their own independent investigation and rel on those results. The information contained herein is subject to change. 9 Greenwa Plaza, Suite 700, Texas