TWENTY G R E E N W A Y HOUSTON, TEXAS
TWENTY G R E E N W A Y ONE OF A KIND INSTITUTIONAL QUALITY CREATIVE OFFICE BUILDING WITH ABUNDANT INFRASTRUCTURE AND AMENITIES HFF L.P., as the exclusive representative of the owner, is pleased to offer a 100% fee simple interest in 20 Greenway Plaza (the Property ), a 433,132 square foot, Class A creative office building located in Greenway, one of Houston s top infill office submarkets. Institutionally owned and maintained including a significant recent repositioning, 20 Greenway features large floor plates and an abundance of nearby amenity offerings which are unmatched in the submarket. The Property is 95% leased to a strong, loyal tenant roster with investment grade credit and numerous recently executed renewals and expansions as tenants remain highly committed to the property due to technology and infrastructure that cannot be replicated. 20 Greenway offers investors an institutionalquality office building at an attractive basis with further upside via below-market rents.
IRREPLACEABLE LOCATION UNMATCHED INFRASTRUCTURE STRONG TENANCY ABUNDANT AMENITIES RECENT REPOSITIONING
INVESTMENT HIGHLIGHTS IRREPLACEABLE LOCATION SIGNIFICANT RECENT CAPITAL INVESTMENT SURROUNDED BY HIGH-END AMENITIES DIVERSE RENT ROLL WITH CREDIT TENANCY UNMATCHED OFFERING FOR TRADING & RELATED USES STRONG LEASING ACTIVITY 433,132 SF, Class A creative office building located in Greenway Plaza, one of Houston s strongest office submarkets with a wealthy, well-educated workforce in close proximity Property has been institutionally maintained with over $7.5 million in recent capital investment and Energy Star label for operating efficiency over the last four years Urban infill location with abundant surrounding amenities, many of which are walkable, with a walk score of 69. 95% leased to an exceptional tenant lineup that includes investment-grade credit (37.5% of NRA) with 4.4 years of weighted average remaining lease term Building floor plates are optimal for trading operations as well as other creative office or data/call center tenants due to large floor plates and an abundance of back-up power via the UPS system and generators Numerous recent renewals and expansions as tenants remain highly committed to the building due to technology and infrastructure that cannot be replicated in the market; weighted average tenure for 5 largest tenants representing 60% of total NRA is 9.4 years
PROPERTY SUMMARY INSTITUTIONAL-QUALITY OFFICE ASSET ADDRESS NET RENTABLE AREA 20 Greenway Plaza Houston, TX 77064 433,159 SF OCCUPANCY 95.0% LAND SIZE 2.42 Acres 1.95 Acres (primary parcel) 0.47 Acres (adjacent surface lot) YEAR BUILT/RENO. 1984 / 2014 FLOORS TYPICAL FLOOR AREA PARKING MAJOR TENANTS 10 Floors ±55,000 SF 1,600 Total Spaces (3.7 per 1,000 SF) 350 - Building garage 50 - Adjacent surface lot 1,200 - Perpetual agreement with adjacent garage Merrill Lynch (81,225 SF) REALEC Technologies (56,063 SF) Sunnova Energy Corp (42,270 SF) Mitsubishi (42,144 SF) Koch (39,149 SF)
LARGEST TENANTS AT 20 GREENWAY PLAZA TENANT INDUSTRY BREAKDOWN Tenant SF % of NRA Industry Space Use Merrill Lynch 81,225 18.8% Trading Commodities Trading division REALEC Technologies 56,063 12.9% Technology Web-based technology solutions for the real estate industry Sunnova Energy Corp 42,270 9.8% Trading Alternative Energy solutions Mitsubishi 42,144 9.7% Manufacturing North American Headquarters - heavy industries division Koch 39,149 9.0% Trading Commodities trading division Mercuria Energy Trading 28,702 6.6% Trading Energy trading division Global Healthcare 27,228 6.3% Healthcare Healthcare reimbursement solutions Largest Tenant Total 316,781 73.1% 41% 11% 6% 7% 11% 15% 2% 7% Energy Financial Services Healthcare Manufacturing Other Real Estate Technology Trading
THE GALLERIA WEST LOOP IH 610 RIVER OAKS DISTRICT OLYMPIA WILLWICK PARK 2929 WESLAYAN LUXURY RICHMOND AVE ARIA AT WILLWICK PARK PEARL GREENWAY METRO GREENWAY GREENWAY PLAZA MARQ 31 69 CAMDEN PLAZA SOUTHWEST FREEWAY IH 69 LAKEWOOD CHURCH EDLOE STREET
CBD MIDTOWN MONTROSE RIVER OAKS GREENWAY PLAZA LAKEWOOD CHURCH EDLOE STREET PEARL GREENWAY CAMDEN PLAZA RICHMOND AVE METRO GREENWAY SOUTHWEST FREEWAY IH 69 69
CONTACT INFORMATION TRENT AGNEW, SIOR Managing Director T. 713.852.3431 tagnew@hfflp.com H. DAN MILLER, CCIM, SIOR Senior Managing Director T. 713.852.3576 dmiller@hfflp.com WESLEY HIGHTOWER Real Estate Analyst T. 713.852.3495 whightower@hfflp.com FOR FINANCING INQUIRIES WALLY REID Senior Managing Director T. 713.852.3497 wreid@hfflp.com HFF L.P. 9 Greenway Plaza Suite 700 Houston, TX 77046 T. 713.852.3500 F. 713.852.3490 hfflp.com