GRAND MORTON TOWN CENTER 5 Acre Regional Development in Katy NEC & SEC of Grand Parkway & Morton Ranch Rd. Katy, Texas Rebecca Le Josh Friedlander 21.477.4300 Leasing Tenant Representation Development Land Brokerage Acquisition Property Management
Katy 290 Grand Morton Town Center 10 6 Cypress Sugar Land 1960 59 $97K AVERAGE HOUSEHOLD INCOME WITHIN 5 MILE TRADE AREA $ 249 290 610 2 59 Houston Pearland Pasadena 1,200 ANNUAL CLOSINGS 2ND QTR 2016 WITHIN 3 MILE TRADE AREA THE KATY AREA IS LARGER THAN THE CITY OF PITTSBURGH. - Lance Lacour CEO/President Katy Area Economic Development Council GRAND MORTON TOWN CENTER Surrounded by HIGHEST GROWTH RESIDENTIAL MARKET IN THE COUNTRY 5-ACRE development CONVENIENT LOCATION off Grand Parkway HIGHLY ACCESSIBLE to people traveling to and from the Energy Corridor BETHKE ELEMENTARY opens with 750 students in August 2016 STOCKDICK JUNIOR HIGH SCHOOL is currently under construction and will open in August 2017 with 1,400 students PAETOW HIGH SCHOOL will open in August 2017 with 1,600 students. Total capacity will be 3,000+ students Rebecca Le 21.477.4327 rle@newquest.com Josh Friedlander 21.477.431 jfriedlander@newquest.com MAJOR AREA BUSINESSES Academy Sports & Outdoors Memorial Hermann Hospital Pathfinder Energy At Home Headquarters Mustang Engineering Dyna-Drill Geico Campus 377,073 CURRENT POPULATION WITHIN 7 MILE RADIUS
WHAT S AROUND The Northwest Quadrant: Future Katy I.S.D school site 56-acre commercial business park of 400,000 SF 70-acre industrial park New residential communities include approximately 2,400 lots 900 current households and close to 1,400 future residents within the 200+ lots now under construction.16
WHERE YOU COULD BE: Southeast Corner SP7 9.14.16
WHERE YOU COULD BE: Northeast Corner SP5 9.16.16
1 Franz Rd 200K SF Existing Office 600K Future Office SITE Blazer Multi-Family 317 Units Stockdick Middle & Paetow High School Open 2017 Bethke Elementary Open 2016 WHAT S AROUND
HOW LONG DOES IT TAKE? Tomball 24 Future Hockley 290 1960 Hardy Toll Road Humble The Woodlands 35 Mins Cypress 1960 146 249 69 59 SITE 6 290 90 Katy Cinco Ranch 5 Mins 90 10 Energy Corridor Mins Westpark Tollway Downtown 30 Mins 610 Houston 90 10 225 Baytown 90A Sugar Land 20 Mins Rosenberg Richmond Mission Bend Sugar Land 69 59 Missouri City 90A Ft Bend To l Ro ad 2 Future 35 Pasadena Pearland League City 146 Galveston Bay
WHO S NEARBY DEMOGRAPHICS 2010 Census, 2015 Estimates with Delivery Statistics as of 6/16 3.00 Mi 5.00 Mi 7.00 Mi Trade Area POSTAL COUNTS Current Households 23,933 73,374 119,547 4,215 Current Population 75,606 22,037 377,073 152,79 2010 Census Average Persons per Household 3.16 3.11 3.15 3.17 2010 Census Population 52,3 10,966 294,390 115,974 Population Growth 2010 to 2016 43.50% 26.34% 2.31% 32.11% CENSUS HOUSEHOLDS 1 Person Household 15.43% 15.79% 15.00% 15.% 2 Person Households 26.20% 26.92% 26.16% 25.67% 3+ Person Households 5.37% 57.2% 5.4% 5.34% Owner-Occupied Housing Units 77.15% 75.19% 76.74% 74.10% Renter-Occupied Housing Units 22.5% 24.1% 23.26% 25.90% RACE AND ETHNICITY 2016 Estimated White 64.66% 65.60% 63.37% 62.17% 2016 Estimated Black or African American 12.62% 12.15% 12.% 14.60% 2016 Estimated Asian or Pacific Islander 5.63% 7.54% 9.50% 6.11% 2016 Estimated American Indian or Native Alaskan 0.64% 0.59% 0.56% 0.61% 2016 Estimated Other Races 16.% 14.12% 13.69% 16.51% 2016 Estimated Hispanic 39.12% 34.70% 33.75% 39.72% Our quest is your success. 10,746,775 SF OWNED 12,135,000 SF LEASED 11,71,969 SF MANAGED Specializing in retail space leasing, management, development, land brokerage, investment sales and tenant representation, NewQuest Properties is one of the premier commercial real estate brokerage firms in Texas and Louisiana. Our dedicated team excels at meeting your needs and exceeding all expectations. From retail center development, leasing, acquisition and financing to architectural design, marketing, space planning, and property management, NewQuest are expert at bringing your commercial project vision to life. INCOME 2016 Estimated Average Household Income $5,067 $97,305 $10,139 $5,40 2016 Estimated Median Household Income $72,044 $2,57 $93,713 $71,56 2016 Estimated Per Capita Income $27,579 $32,151 $35,139 $27,534 EDUCATION (AGE 25+) 2016 Estimated High School Graduate 23.% 20.75% 19.42% 23.6% 2016 Estimated Bachelors Degree 1.5% 24.36% 26.% 20.04% 2016 Estimated Graduate Degree 7.92% 9.91% 12.5% 7.5% Dallas / Ft. Worth Area Pflugerville Greater Houston Metro New Braunfels Corpus Christi Shreveport AGE 2016 Median Age 32.6 33.3 33 31.
Leasing Tenant Representation Development Land Brokerage Acquisition Property Management Information About Brokerage Services Texas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords. TYPES OF REAL ESTATE LICENSE HOLDERS: A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker. A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker. A BROKER S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): Put the interests of the client above all others, including the broker s own interests; Inform the client of any material information about the property or transaction received by the broker; Answer the client s questions and present any offer to or counter-offer from the client; and Treat all parties to a real estate transaction honestly and fairly. A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION: AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner s agent through an agreement with the owner, usually in a written listing to sell or property management agreement. An owner s agent must perform the broker s minimum duties above and must inform the owner of any material information about the property or transaction known by the agent, including information disclosed to the agent or subagent by the buyer or buyer s agent. AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant s agent by agreeing to represent the buyer, usually through a written representation agreement. A buyer s agent must perform the broker s minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by the seller or seller s agent. AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker s obligations as an intermediary. A broker who acts as an intermediary: Must treat all parties to the transaction impartially and fairly; May, with the parties written consent, appoint a different license holder associated with the broker to each party (owner and buyer) to communicate with, provide opinions and advice to, and carry out the instructions of each party to the transaction. Must not, unless specifically authorized in writing to do so by the party, disclose: that the owner will accept a price less than the written asking price; that the buyer/tenant will pay a price greater than the price submitted in a written offer; and any confidential information or any other information that a party specifically instructs the broker in writing not to disclose, unless required to do so by law. AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BRO- KER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: The broker s duties and responsibilities to you, and your obligations under the representation agreement. Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated. LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposes. It does not create an obligation for you to use the broker s services. Please acknowledge receipt of this notice below and retain a copy for your records. Licensed Broker/Broker Firm Name or Primary Assumed Business Name License No. Email Phone Designated Broker of Firm License No. Email Phone Licensed Supervisor of Sales Agent/Associate License No. Email Phone Sales Agent/Associate s Name License No. Email Phone Buyer/Tenant/Seller/Landlord Initials Date Regulated by the Texas Real Estate Commission (TREC) Information available at http://www.trec.texas.gov 27 W. Sam Houston Parkway N. Suite 200 Houston, Texas 77040 21.477.4300 The information herein is subject to errors or omissions and is not, in any way, warranted by NewQuest Properties or by any agent, independent associate or employee of NewQuest Properties. This information is subject to change without notice. Rev. 9/23/16 MT