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4800 Fournace PlaceA ±30.46-Acre Office & Development OpportunityH o u s t o n ( B e l l a i r e ) , T e x a s

Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp a Texas licensed real estate broker (“HFF”).

2 | 4800 Fournace Place, Houston, TX

Executive SummaryHFF, as exclusive advisor to Chevron (the “Owner”), is pleased to present the rare opportunity to acquire 4800 Fournace Place (the “Property”).

The Property consists of:

• A ±30.46-acre infill redevelopment site fronting the IH Loop 610 in Houston (Bellaire), Texas.

• Two vacant office buildings totaling approximately 547,370 net rentable square feet, completely renovated starting in 2005.

This is an extremely rare opportunity to purchase an attractive, highly visible, mixed-use redevelopment tract in one of the most densely populated and affluent demographic submarkets in the Houston MSA.

INVESTMENT HIGHLIGHTS

• Fortune 50 Corporate Real Estate Owner

— After 70+ years at this location, Chevron will vacate the Property by the end of 3Q 2017, having consolidated to its larger corporate campus in downtown Houston. This consolidation allows 4800 Fournace Place to be sold as one of Houston’s largest infill development sites that is prime for mixed-use development.

• Unrivaled Urban Infill Site

— The Property’s rectangular shape, excellent accessibility and urban nature present a unique opportunity for a well-designed ±30.46-acre infill mixed-use development or corporate campus located on some of Houston’s most desirable real estate. In addition, the city of Bellaire recently reclassified the Property as “North Bellaire Special Development Area,” an opportunity to place-make multiple uses.

• Excellent Access and Frontage

— Located at the intersection of IH Loop 610 and Fournace Place, the Property allows for immediate access to Houston’s extensive highway network. Additionally, frontage along South Rice Avenue provides direct access to the Galleria area as well as access to US-59/I-69, and the Westpark Tollway.

• Best-In-Class Office Buildings

— Consisting of a ten (10) story, ±452,370 square foot building and a six (6) story, ±95,000 square foot building, the Property totals ±547,370 square feet of office space that was

renovated by Chevron and maintained to the highest quality corporate standards. Since 2005, Chevron has invested nearly $100 million in capital improvements.

— Given the quality of the improvements, desirable infill location and high visibility from IH Loop 610, the office buildings provide the ability to, (i) generate near term cash flow to cover the carry cost of the Property until full redevelopment, and (ii) create value and a potential liquidity event by re-stabilizing the occupancy.

• Affluent Demographics

— Ideally situated in the incorporated city of Bellaire, neighboring West University Place, and the areas surrounding the Galleria, which include River Oaks and Tanglewood, are the most affluent residential suburbs in Houston. Bellaire has an average household income of $230,000. In addition, within a 3-mile radius of the Property, the average household income is $122,349, well above the Houston MSA average of $92,331. Furthermore, within the 3- and 5-mile radii of the Property, there are an estimated population of 52,633 and 111,268, respectively.

• Resilient Houston Economy

— Houston added 45,300 jobs, (1.51% increase) over the past 12 months as of May 2017, the highest percentage and absolute growth rate since July 2015. This brings the 2017 year-to-date total to 12,900 jobs, compared to the 18,700 job created in all of 2016. Additionally, between July 2015 and July 2016, Houston added 125,005 new residents, ranking it #2 among U.S. metros during that time.

3 | 4800 Fournace Place, Houston, TX

Location Map

LakeHouston

San Jacinto

Bay

SheldonReservoir

GalvestonBay

BayportTerminal

Barbour’s CutTerminal

SmithersLake

ClearLake

George BushPark

LakeHouston

State Park

ArmandBayouPark

WilliamP. HobbyAirport

George BushIntercontinentalAirport

HARRISCOUNTY

LIBERTYCOUNTY

FORT BENDCOUNTY

MONTGOMERYCOUNTY

BRAZORIACOUNTY

GALVESTONCOUNTY

Downtown

EnergyCorridor

TheGalleriaWestchase

Greenspoint

The Woodlands

TexasMedical Center

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4800 FOURNACEHOUSTON (BELLAIRE), TX

SharpstownPark

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BraeburnCountry Club

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Memorial ParkGolf Course

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The Galleria

MemorialCity Mall

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UNIV. OF TEXASHEALTH SCIENCESCENTER

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HoustonAstrodome

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4800 FOURNACE

HOUSTON (BELLAIRE), TX

4 | 4800 Fournace Place, Houston, TX

High Visibility Location with Excellent Access

BELLAIRE$600K-$5MM

BELLAIRE$600K-$5MM

BELLAIRE$600K-$5MM

AFTON OAKS$500K-$2MMAFTON OAKS$500K-$2MMAFTON OAKS$500K-$2MM

RIVER OAKS$1.2MM-$10MM

RIVER OAKS$1.2MM-$10MM

RIVER OAKS$1.2MM-$10MM GREENWAY PLAZAGREENWAY PLAZAGREENWAY PLAZA

HOUSTON CBD

HOUSTON CBD

HOUSTON CBD

WESTUNIVERSITY

$650K-$5MM

WESTUNIVERSITY

$650K-$5MM

WESTUNIVERSITY

$650K-$5MM

TRAFFIC COUNT210,000 VEHICLES/DAY

SOUTH RICE AVENUE

SOUTH RICE AVENUE

SOUTH RICE AVENUE

FOURNACE PLACE

FOURNACE PLACE

FOURNACE PLACETRAFFIC COUNT

13,333 VEHICLES/DAY

5 | 4800 Fournace Place, Houston, TX

TRAFFIC COUNT210,056 VEHICLES/DAY

THE GALLERIATHE GALLERIA

GREENWAY PLAZAGREENWAY PLAZA

TRAFFIC COUNT350,000 VEHICLES/DAY

Two Existing Office Buildings Totaling 616,500 GSF

CENTRAL PLANTBELLAIRE ANNEX

BUILDING

BELLAIRE OFFICEBUILDING

6 | 4800 Fournace Place, Houston, TX

Office Overview

Typical Elevator Bank

Corporate Cafeteria

200 Seat Auditorium Typical Floor Coffee Bar

BUILDING BELLAIRE OFFICE BUILDING BELLAIRE ANNEX BUILDING

Square Feet 452,370 95,000

Stories 10 6

Year Built 1976 1965

Renovation Started 2005 2005

7 | 4800 Fournace Place, Houston, TX

Property Photographs

Fitness Center

Locker Rooms with Showers

Building II Lobby Typical Office Space

Exclusive Marketing Advisors

HFF has been engaged by the owner of the property to market it for sale. Information concerning

the property described herein has been obtained from sources other than HFF, and neither

Owner nor HFF, nor their respective equity holders, officers, employees and agents makes any

representations or warranties, express or implied, as to the accuracy or completeness of such

information. Any and all reference to age, square footage, income, expenses and any other

property specific information are approximate. Any opinions, assumptions, or estimates contained

herein are projections only and used for illustrative purposes and may be based on assumptions

or due diligence criteria different from that used by a purchaser, and HFF, its partners, officers,

employees and agents disclaim any liability that may be based upon or related to the information

contained herein. Prospective purchasers should conduct their own independent investigation

and rely on those results. The information contained herein is subject to change.

9 Greenway Plaza, Suite 700Houston, Texas 77046www.hfflp.com

DAVIS ADAMSManaging Director(713) 852-3558dadams@hfflp.com

JEFF HOLLINDENSenior Managing Director(713) 852-3514jhollinden@hfflp.com

WALLY REIDSenior Managing Director(713) 852-3497wreid@hfflp.com

4800 Fournace PlaceA ±30.46-Acre Office & Development Opportunity

H o u s t o n ( B e l l a i r e ) , T e x a s