houston ± grand parkway acres opportunity - k€¦ · december 2013 opened august 1994 opened...

±4,077 Acres - KinglAnd | Houston, tX -1-

±____ Acres - KinglAnd HOUSTON, TEXAS | EXECUTIVE SUMMARYKINGLAND - ±4,077 ACRES | EXECUTIVE SUMMARY

Houston grAnd PArKwAy oPPortunity

Opened March 2016

Opened March 2016

Opened March 2016

Opened February 2016



Opened December 2013

Opened December 2013

Opened August 1994

Opened August 1994

Opened August 1994

Opened April 2008Opened

April 2008Opened

April 2008

Under DevelopmentContract Awarded



Kingland±4,077 Acres

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


20 M

30 M

10 M


LakeHouston

San Jacinto

Bay

SheldonReservoir

GalvestonBay

SmithersLake

ClearLake

George BushPark

LakeHouston

State Park

ArmandBayouPark

WilliamP. HobbyAirport

George BushIntercontinentalAirport

HARRISCOUNTY

FORT BENDCOUNTY

MONTGOMERYCOUNTY

BRAZORIACOUNTY

GALVESTONCOUNTY

LIBERTYCOUNTY

DowntownEnergy Corridor

The Woodlands

TexasMedical Center

ExxonMobilCorporate Headquarters

Grand Parkway

Under Construction

69

69

69

69

Ben

d

executive summAry

HFF and Land advisors organization are proud to offer a unique opportunity to acquire, in all or part, ±4,077 acres with an unprecedented ±4.8 miles of frontage on the future Grand Parkway with four interchanges in northeast Houston, Texas (the “Property”). With a scheduled completion in Q1 of 2022, the Grand Parkway will connect Kingland to US-59/I-69 and The Woodlands, as well as I-10. The Property is one of the last remaining large-scale sites along the Grand Parkway and is perfectly positioned as a multi-phase development which will take advantage of Houston’s long term population growth.

Potential to purchase the entire Property or one of three sections:

Entire Property ±4,077 Acres

West Section ±1,382 AcresCentral Section ±1,463 Acres

East Section ±1,232 Acres

investment HigHLigHts• The contract for construction of the Grand Parkway has been awarded by TxDOT and is

scheduled to be open for traffic in Q1 2022.

• Excellent access – ±4.8 miles of frontage along the future Grand Parkway with four interchanges on site, creating 14 commercial corners within Kingland.

• Relatively short travel distances to major employment centers – 7 miles to US-59/I-69, 20 miles to George Bush Intercontinental Airport, 22 miles to ExxonMobil’s campus, 26 miles to The Woodlands, and 35 miles to downtown Houston.

• Large-scale site – at ±4,077 acres, Kingland is uniquely positioned as a multi-phase development for a variety of uses or as three individual development sites. Additionally, it is one of the biggest undeveloped land parcels on the Grand Parkway and one of the last remaining large-scale parcels in Houston.

• Kingland has a Fresh Water Supply District in place for the entire site which will allow for reimbursement of typical development costs.

• The Houston MSA is projected to grow 66.7% by 2040, adding 4.4 million new people to the region.


grand Parkway

The Grand Parkway has been a strong driving force of growth throughout the Houston MSA and, in many cases, has contributed to the success of numerous residential and commercial development projects. This growth is set to continue due to a recent award allowing advancement of the next stages of the Grand Parkway. The Texas Transportation Commission recently awarded Grand Parkway Infrastructure – a joint venture of road builders Ferrovial Agroman US, Granite Construction Co. and Webber, LLC – as the team to design and build the 44 mile stretch from Interstate 69/U.S. 59 near New Caney to Interstate 10 east of Baytown. The tollway extension is estimated to cost $1.25 billion.

The project is to be overseen by the Texas Department of Transportation, though the Grand Parkway team will design and build the tollway. The project will include a single lane in each direction, with sections where a second lane in each direction will allow for passing.

Once completed, the Grand Parkway will connect Kingland to US-59 (I-69), the least congested of Houston’s major freeways. This will allow Kingland’s residents quick access throughout the Greater Houston Area and efficient commute times to major job centers in the area.

grand Parkway deveLoPment timeLineWith the recent completion of Segments F & G (from US 290 to US-59/I-69) in 2016, the Grand Parkway is quickly moving forward with the construction of the portion that runs through northeast Houston, Segments H and I-1. The contract was awarded in March 2017 with construction beginning in Q2 of 2018 and open to traffic in Q1 of 2022. Combined, these segments span 37.4 miles, connecting US-59/I-69 with I-10 East. Upon completion, this portion of the Grand Parkway will be a controlled-access toll road featuring two main lanes with passing lanes for most of the segment and intermittent frontage roads.

ExxonMobil Campus - The Woodlands

Record of Decision June 2014

Contract Award March 2017

Construction Q2 2018

Open to Traffic Q1 2022

grAnd PArKwAy

Cinco Ranch


immediAte rAmP Access to tHe grAnd PArKwAy

The initial phase construction of the recently awarded Grand Parkway segments show 4 of the 11 overpasses with ramps being located on Kingland Property.


Kingwood14,000 Acres - Complete

Sienna Plantation10,500 Acres - Complete

Clear Lake City8,700 Acres - CompleteFirst Colony

9,500 Acres - Complete

Bridgeland11,400 Acres

±20 Years RemainingCinco Ranch & Cross Creek Ranch

13,000 Acres2 & 10 Years Remaining

Grand ParkwayGrand ParkwayGrand Parkway

8,673 Acres

Fair�eld3,200 Acres - Complete Kingland

±4,077 Acres

Greatwood, New Territory & Telfair8,200 Acres - Complete

The Woodlands27,000 Acres

2 Years Remaining

mAjor develoPments

A majority of large MPC’s are located on Houston’s freeway systems to allow quick access to the rest of the city.


KinglAnd site PlAn


14 commerciAl corners on A mAjor FreewAy


oFFering overview - west section

west sectionThe West Section of Kingland is a ±1,382 acre tract located almost entirely in Harris and Montgomery counties. Given the location within New Caney and Huffman Independent School Districts, the natural beauty and San Jacinto River frontage, the West Section is ideal for a well-designed master-planned community featuring residential and multiple commercial components. Additionally, the intersection at Huffman Cleveland Road and the future Grand Parkway will be the first entrance/exit ramps at an existing road on the Grand Parkway east of US-59.


oFFering overview - centrAl section

centraL sectionThe Central Section of Kingland is ±1,463 acres and is highlighted by ±2.9 miles of frontage on either side of the Grand Parkway. Furthermore, it contains two vital intersections with entrance/exit ramps making this section ideal for a mix of commercial and industrial uses.


east sectionThe East Section of Kingland is a combined ±1,232.5 acres and consists of two tracts that are located along the southern side of Luce Bayou. The Property features all four corners of one intersection which will contain entrance/exit ramps. This location lends itself to multiple uses, including a master-planned community, commercial or mixed-use development.

oFFering overview - eAst section


Greenspoint

The Woodlands

CBD

Port of Houston BaytownBaytown

Bush Airport

Grand ParkwayGrand ParkwayGrand Parkway

Generation Park

Petrochemical Plants


ExxonMobil

emPloyment centers

9 Greenway Plaza, Suite 700Houston, Texas 77046Phone: 713-852-3500

Fax: 713-852-3490www.hfflp.com

investment saLes

DAVIS ADAMSTel 713-852-3558

[email protected]

STERLING CURRYTel [email protected]

KIRK LAGUARTATel 713-366-3373

[email protected]

DUANE HECKMANNTel 713-366-3374

[email protected]

contAct inFormAtion

©2018 Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, “HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF and its affiliates operate out of 25 offices and are a leading provider of

commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment advisory, equity placement, funds

marketing, M&A and corporate advisory, loan sales and loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.

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 we make no representations or warranties, express or implied, as to the accuracy

or completeness of such information. Any and all references 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 buyer. Buyers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change.

820 Gessner RoadSuite 950

Houston, TX 77024Phone: 713-647-7800

www.landadvisors.com

houston ± grand parkway acres opportunity - k€¦ · december 2013 opened august 1994 opened...

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