TRANSFORMATIVE MIXED-USE DEVELOPMENT

TRANSFORMATIVE MIXED-USE DEVELOPMENT OPPORTUNITY IN THE CORE OF UPTOWN DALLAS

THE UNIONTHE UNION

THE CHRISTOPHERTHE CHRISTOPHER

THE CRESCENTTHE CRESCENT

2000 MCKINNEY2000 MCKINNEY

ADVANCIAL TOWERADVANCIAL TOWER

PARKVIEW AT 1920 MCKINNEYPARKVIEW AT 1920 MCKINNEY

MCKINNEY & OLIVEMCKINNEY & OLIVE

DOWNTOWN DALLAS

DESIGN DISTRICT

VICTORY PARK

PARK CITIES

OAK LAWN

PARK DISTRICT

HARWOOD DISTRICT

PLANNED $76 MILLION KLYDE WARREN PARK

EXTENSION

PLANNED $76 MILLION KLYDE WARREN PARK

EXTENSION

Woodall Rogers Freeway 166,450 VPD

Dallas North Tollway

Harry H

ines Blvd

Fie

ld S

t. 2

1,6

90

VP

D

McKinney Ave.

Stemmons Freeway

GABLES PARK 17GABLES PARK 17

Akard

Street

T H E T R I T O N | | 3 2 | | T H E T R I T O N

# 1 O F F I C E

# 1 H O T E L

# 1 M U LT I F A M I LY

# 2 R E T A I L

S U B M A R K E T I N T E R M S O F R E N T A L R A T E I N D F W

Holliday Fenoglio Fowler, L.P. (“HFF”), acting by and through

Holliday GP Corp., a Texas licensed real estate broker, is

pleased to offer qualified investors the scarce opportunity

to develop The Triton (the “Property”), a generational asset

encompassing 3.97 acres of prime development land located

in Uptown Dallas. The Triton is currently a retail development

with one building leased to El Fenix, Meso Maya, and La

Ventana, three of Dallas’ iconic Mexican food restaurants and

up to 3.62 acres of vacant land with the ability to develop the

maximum FAR given to the entire four acres. Located in Uptown

Dallas along Field Street and Woodall Rogers Freeway, just

steps from Klyde Warren Park, the Property sits at Dallas’ most

desirable location for commercial development. Furthermore,

the site enjoys favorable zoning that allows for a maximum floor

area ratio of 10:1 for office development, giving a developer

flexibility to build with minimal size restrictions. With the site’s

in-fill location adjacent to Klyde Warren Park, exceptional

visibility, and location in arguably the most dynamic labor and

demographic environment in the country, The Triton presents

an investor the rare opportunity to acquire a large, contiguous

block for development into an iconic, best-in-class, mixed-use

development.

UPTOWN DALLAS' PREMIER

DEVELOPMENT OPPORTUNITY

RARE, Four-Acre Full City Block

FAVORABLE ZONING with allowable FAR of 10:1

DYNAMIC, HIGHLY WALKABLE Location to Employers and Amenities

RARE OPPORTUNITY Due to Scarcity and Size of Land Parcel

Adjacency toKLYDE WARREN PARK, which is slated for a $76 million expansion by 2022

T H E T R I T O N | | 5 4 | | T H E T R I T O N

I N V E S T M E N T H I G H L I G H T SLANDMARK PLACEMAKING OPPORTUNITY

» Envisioned as a major Uptown destination, The Triton can

capitalize on the significant momentum within Dallas’ urban

core to create a pedestrian-friendly and dynamic mixed-use

development.

» A unique opportunity for a pre-assembled, flat, development

ready full city block in Dallas’ rapidly growing urban core

» Favorable zoning with 10:1 allowable floor area ratio

MARKET LEADING DEMOGRAPHICS

» Population of over 200,000 people within three miles

» $175K average household income

» Prime consumer average age of 37 in the immediate trade area

GOLDEN HORSEHOE LOCATION

» Direct ingress and egress to the Dallas North Tollway via Harry

Hines

» Multiple entry points to major thoroughfares including I-35, I-30

and US-75

» Unmatched highway connectivity via Woodall Rogers Freeway

THE LAST REMAINING DEVELOPABLE CITY BLOCK IN UPTOWN DALLAS,THE TRITON IS A GENERATIONAL DEVELOPMENT OPPORTUNITY SURROUNDED BY AMENITIES, DINING, RECREATION, SPORTS, AND STRONG DEMOGRAPHICS IN THE NATION'S TOP-PERFORMING AND MOST BUSINESS-FRIENDLY CITY.

THE UPTOWN SUBMARKET

Tops The List In Occupancy And Rent Growth In All Property Types

EXCELLENT INGRESS & EGRESS

to major highways and arterial thoroughfares

30%

92

POPULATION GROWTH

WALK SCORE

since 2010

Indicates "Walker's Paradise"

CONTINUED DENSIFICATION

with recent completion of mixed-use developments

The Union Park District

KLYDE WARREN PARK

PARK DISTRICT

PARKVIEW AT 1920 MCKINNEY

THE UNION

| 7 T H E T R I T O N |6 | | T H E T R I T O N

DALLAS’ PREMIER URBAN DESTINATION

Unmatched accessibility to several

amenities within the submarket including

over 75 walkable restaurants

Highly desired street frontage along Field

Street with convenient access to Woodall

Rogers Freeway

Location at meeting point of Uptown and

Downtown Dallas, DFW's two largest

employment centers

Less than 250 yards from Klyde Warren

Park, Dallas' premier urban green space

which connects Uptown and Downtown

Dallas

Stands to benefit greatly from the recently-

announced $76 million expansion of Klyde

Warren Park, which will extend the park

from St. Paul Street to Akard Street, and

beyond. The expansion is expected to have

an $850 million economic impact on the

area and is likely to be completed in 2022

HISTORICALLY RESILIENT SUBMARKET

» Uptown leads DFW in office rents and boasts some of

the strongest fundamentals in the metro. Recent office

developments, built within the past 10 years, are achieving

rental rates of $40+ PSF NNN with average occupancy of

96%.

» Multi-family in Uptown tops the market in absorption and

rental rates averaging $1,676/month as it offers a true

live/work/play environment and easy access to major job

centers.

» The Uptown retail submarket enjoys a 96% occupancy

rate and the 3rd highest rents in the metro.

» Uptown hotels have historically led the Dallas market in

RevPAR, posting an average RevPAR over $225 for 2018.

The 2,843 keys near the property include the Ritz-Carlton,

The Crescent, and The Rosewood Mansion.

» Major nearby developments, including McKinney & Olive,

Park District and The Union, have proven property type

fundamentals in the submarket through record pre-

leasing and top tenant attraction.

8 | | 9 | T H E T R I T O N T H E T R I T O N |

MARQUEE UPTOWN OFFICE TENANTS

OLD PARKLAND

HARWOOD NO. 7 FROST TOWER

HARWOOD NO. 10

ROLEXHEADQUARTERS

THE UNION

MCKINNEY & OLIVE

PARKVIEW AT1920 MCKINNEY

PEROT FAMILYHEADQUARTERS

PWC TOWER 1900 PEARL

MCKINNEY & OLIVE

Built 2016

536,000 SF

Asking Rents: $39 NNN

PARKVIEW AT 1920 MCKINNEY

Built 2016

130,000 SF


THE UNION

Built 2018

420,688 SF


PWC TOWER

Built 2018

494,300 SF


PEROT FAMILY HEADQUARTERS

Built 2017

200,000 SF

Asking Rents: N/A

1900 PEARL

Built 2018

261,400 SF


HARWOOD NO. 7 FROST TOWER

Built 2015

167,735 SF


OLD PARKLAND

Built 2008 - 2017

427,625 SF


ROLEX HEADQUARTERS

Built 2018

130,000 SF

Asking Rents: N/A

HARWOOD NO. 10

Under Construction

231,098 SF


Dallas / Fort Worth's massive population growth has led to an increased demand for space in the urban core. Several major

office towers have been recently completed in Uptown as developers and high-profile tenants continue to seek out Dallas

most desirable office submarket.

R E C E N T O F F I C E P R O J E C T S

10 | | 11 | T H E T R I T O N T H E T R I T O N |

BLEU CIEL

AZURE

CAMDENVICTORY PARK

ONE UPTOWN

TOWER RESIDENCESAT THE RITZ-CARLTON

RESIDENCES ATPARK DISTRICT

1900 MCKINNEY

GABLES PARK 17

THE ASHTON

GABLESMCKINNEY AVE

M-LINE TOWER

3700M ARDANWEST VILLAGE

CARLISLE & VINE

THE KATY

THE BRADY

THE JORDAN

THE TAYLOR

ASCENTVICTORY PARK

THE 23

SKYHOUSE DALLAS

THE CHRISTOPHER

GLASSHOUSEVICTORY PLACE

ARPEGGIOVICTORY PARK

THE 23

Built 2018

285 units

CARLISLE & VINE

Built 2018

149 units

THE BRADY

Built 2015

299 units

VICTORY PLACE

Built 2017

350 units

RESIDENCES AT PARK DISTRICT

Built 2018

227 units

ONE UPTOWN

Built 2017

196 units

ASCENT VICTORY PARK

Built 2017

301 units

THE KATY

Built 2017

463 units

ARDAN WEST VILLAGE

Built 2018

389 units

M-LINE TOWER

Built 2017

260 units

Since 2015, an impressive 6,600 multifamily units have been delivered in Uptown demonstrating the submarket's pre-

eminence as Dallas' premier corporate and entertainment hub. In spite of this pipeline and due to unprecedented demand, the

number of apartment units in lease-up is down 224% from its 2016 level. Apartment fundamentals in Dallas' most desirable

submarket are poised to remain strong as Dallas continues to enjoy nation-leading population and job growth.

R E C E N T M U LT I F A M I LY P R O J E C T S

T H E T R I T O N |12 | | T H E T R I T O N | 13

ONE OF THE MOST DIVERSE economies in the U.S.

EXPECTED TO RANK FIRST in both population and job growth (2019-2023)

8TH LARGEST millennial population in the United States

DFW is considered ULI's 2019 Emerging Trends 1ST MARKET TO WATCH

0% STATE INCOME TAX & an unemployment rate of 3.2%

1ST IN THE NATION in job creation over past 12 months with over 116,000 new jobs

DFW ECONOMIC OVERVIEW

Deal Contacts:

J E R E M Y S A I N Managing Director [email protected] 469.232.1904

C H R I S M U R P H Y Senior Director [email protected] 469.232.1941

S T E V E H E L D E N F E L S Managing Director [email protected] 469.232.1924

R O S S C R AW F O R D Analyst [email protected] 214.692.4712

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 26 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 [properties] 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.

TRANSFORMATIVE MIXED-USE DEVELOPMENT

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