1111 Gill Ing Ham Flyer

8/6/2019 1111 Gill Ing Ham Flyer

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Property Highlights

Te Investment Sales Group o Holliday Fenoglio Fowler, L.P. is pleased to ofer or

sale the ownership’s 100% ee simple interest in 1111 Gillingham, a 489,263 square

oot Class A 100% HVAC manuacturing acility built in 1995-1997 that is currently

occupied by two (2) tenants with expirations in 2013 and 2019. 1111 Gillingham is

located within the prestigious Sugar Land Business Park in southwest Houston, home to an

impressive list o corporate users.

Arss: 1111 - 1113 gilliham - Sar La, Tas 77478

La Siz: 33.4709 acrs

nRA: 489,263 sqar t

% o Ofc Spac: 14.5%

Yar Bilt: 1995 - Phas I (266,663 SF); 1997 - Phas II (222,600 SF)

Parki: 1,176 (2.40/1,000 SF)

i n v e s t m e n t h i G h l i G h t s

Outstanding industrial lOcatiOn

1111 gilliham is locat alo a hih-proil strt i arably Hosto’s prmir istrial park, Sar La Bsiss

Park, a 902 acr, mix-s, rstrict bsiss park ar th itrsctio o u.S. Hihway 59 a u.S. Hihway

90A i th sothwst sbrb o Sar La. Th park has rota o or major thorohars: u.S. 90A, elri Roa,

Wst Airport Bolvar, a dairy Ashor Roa. 1111 gilliham is locat withi a mil o th u.S. Hihway 59 a

u.S. Hihway 90A itrsctio, provii it asy accss rom both srroi rsitial a commrcial aras, alo

with owtow Hosto a othr parts o th city. Ooi irastrctr improvmts i th ara will oly hac th

ara’s accssibility a cmt Sar La Bsiss Park as th prrr istrial locatio w ithi sothwst Hosto.

cOnsiderable tenant cOmmitment

1111 gilliham was bilt by Stro Corporatio i 1995. St ro occpi th tir acility til 2006, wh

thy sol th bili to th crrt owr. At that tim, Stro owsiz by approximatly o-hal to its crrt

ootprit a th w owr pt svral protctiv masrs i plac to sr that Stro wol rmai throh

th las trm, which rs til March 2013. Ths masrs icl a $1.0 millio “drr Prchas Pric”

a two lttrs o crit totali $2.0 millio. This las collatral will b assi to th Byr po a sal.

I 2008, Fairilnoal si a lo-trm las, which xpirs i Jaary 2019 a mov thir haqartrs ito

th acility. Fairil has ivst ovr $14 millio o its ow capital to improv its spac, icli th istallatio

o a lar sr vr room a sbstatial icrass to th lctrical capacity icli six 225kVA Librt FPCs a

or Librt FdCs. d to thir cosirabl ivstmt, w bliv th liklihoo o Fairil vacati i th tr is

sbstatially mitiat.

impressive list Of cOrpOrate neighbOrs, strOng submarket

Sar La Bsiss Park is o o iv major bsiss parks locat withi Fort B Coty a is rally rar

as th most sirabl o th iv to its locatio, amity bas, a irastrctr. As a rslt, a mbr o hih-

proil corporat srs hav vlop a/or las istrial acilitis withi th park, icli Tramotia uSA,

Bakr Hhs, AmriSorc Br, Thrmo Fishr Scitiic, Schlmbrr, a Ashly Fritr. Pla Commity

dvloprs ba vlopi th park i 1977 a th park sol ot i 2005. Th tir Sar La istrial sbmarkt

cosists o ovr 14 millio sqar t o istrial spac a crrtly joys a occpacy rat o 94.6%. A mbr

o tats, both i Sar La Bsiss Park a th larr Sar La istrial markt, hav maactri opratios

rqiri 100% HVAC that wol it wll with th improvmts i plac at 1111 gilliham.

institutiOnal Ownership, new rOOf

dvlop i th mi-1990’s, 1111 gilliham has b ithr ow by th sr or by a istittio sic icptio. As

a rslt it is i rmarkabl physical coitio a shol rqir vry littl capital o a o-orwar basis. Th crrt owr

is istalli a w roo which will b sbjct to a 20-yar warraty. I aitio, Stro has a 10-to ovrha bri

cra that ca r almost th tir lth o its spac, a rat atr to hav i a tat rqirs it.

resilient industrial market Hosto’s istrial markt has rmai stay compar with its prs across th cotry. At th o th orth qartr

2009, th city’s 272 millio sqar t o ivtory avra occpacy o 89.5%, with warhos spac ari v

bttr at 90.1%. giv a liibl costrctio pipli o oly 1.24 millio sqar t, th markt is ow pois to

participat i th coomic rcovry crrtly taki shap a rtal rats shol show stro rowth as absorptio picks

p, particlarly i sbmarkts lik Sar La, whr thr is vry littl ovrha o w spply.

rebOunding lOcal ecOnOmy

Hosto is orcast to rmai o o th atio’s most robst coomis. Th Hosto MSA a 18,200 jobs i th

last thr moths o 2009 a svral coomists projct mploymt rowth o approximatly 40,000 jobs i 2010.

Frthrmor, Mooy’s coomy.com rctly pblish orcasts pricti Hosto will b #1 i both mploymt a

poplatio rowth throh 2013.

1 1 1 1G i l l i n G ham www.H F F l P . coM



Property Highlights

1 1 1 1G i l l i n G ham www.H F F l P . coM

Lake Houston

Sa

Jaci B

Sheldon Reservoir

Clear

George BushPark

Bear CreekPark

ArmandBayouPark

WilliamP.HobbyAirport

GeorgeBushIntercontinentalAirport

Downtown

Galleria

Texas

Medical Center

Wes tpark Tollwa y

Katy Frwy

S o u t h w

e s t F

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N o r t h w e s t F r w y

N o r t h

F r w y

H a r d y

T o l l R o a d

E a s t e

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NorthLoop

LoopSou th

W e s t L o o p

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Sam Houston Tollwa y

Sam Houston Pk wy

Pasadena Frw y

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F r w y

F o r

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P k w

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G u l f F r w y

P r o p

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Pkwy

P r o p o s e d

Westheimer Rd

B e a u m

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B e n d

1111 Gillingham

L O C A T I O N

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1 1 1 1 G I L L I N G H A M

S U N T R O NC O R P O R A T I O N

FA I R F I E L D N O D A L

S I T e P L A N



Contact Information

E L D R I D G E R D

E L D R I D G E R D

G I LLI N G H AM LN

G I LLI N G H AM LN

W AIRPORT BLVD

W AIRPORT BLVD

US 59

US 59

W EST SAM HOUST ON T OLLW AY

W EST SAM HOUST ON T OLLW AY

GAL LERIA

GAL LERIA

TRAM ON TIN A M ANU FACTU RING

TRAM ON TIN A M ANU FACTU RING

BAK ER HUG HES

BAK ER HUG HES

TRA MONTINA

USA HEADQ UA RTERS

TRA MONTINA

USA HEADQ UA RTERS

TRAMON TIN A

LAND

TRAMON TIN A

LAND

THE RMO

ELEC TRO N

THE RMO

ELEC TRO N

ASHLE Y

FURN IT URE

ASHLE Y

FURN IT URE

TRA MONTI NA

TRA MONTI NA

CB D

CB D

TEX AS

MEDI CAL

CENT ER

TEX AS

MEDI CAL

CENT ER

1111 GILLINGHAM

rusty tamlyn, ccim, siOr

Sior Maai dirctor

Pho (713) 852-3561

[email protected]

trent agnew

Aalyst

Pho (713) 852-3431

[email protected]

hOlliday fenOgliO fOwler, l.p.

9 grway Plaza

Sit 700

Hosto, Tas 77046

Pho (713) 852-3500

Fa (713) 852-3490

www.hlp.com

© 2010 Holliday Fenoglio Fowler, L.P. HFF (NYSE: HF) operates out o 17 ofces nationwide and is a leading provider o commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF oers clients a ully

integrated national capital markets platorm including debt placement, investment sales, structured fnance, private equity, note sales and note sale advisory services and commercial loan servicing.

Holliday Fenoglio Fowler, L.P. (“HFF”) has been engaged by the owner o the property [properties] to market it [them] or sale. Inormat ion concerning the property [properties] described herein has been obtained rom sources other thanHFF and we make no representations or warranties, express or implied, as to the accuracy or completeness o such inormation. Any and all reerences to age, square ootage, income, expenses and any other property specifc inormation

are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used or illustrative purposes and may be based on assumptions or due diligence criteria dierent rom that used by a buyer. Buyers should

conduct their own independent investigation and rely on those results. The inormation contained herein is subject to change.

1111 Gill Ing Ham Flyer

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