8 May 2016

BUYING POWER OF $955 MILLION…and growing!

This information contained herein has been obtained from reliable sources; however, The J. Beard Company, LLC and The J. Beard Real Estate Company, L.P. makes no guarantees, warranties or representations to the completeness or accuracy of the data. Property submitted is subject to errors, omissions, change of price, prior sale or withdrawal without notice.

For all your commercial real estate needs, we’re here to point you in the right direction.LANDLORD & TENANT REPRESENTATION • SITE ACQUISITION • SALES & LEASING • REAL ESTATE CONSULTING • PROPERTY MANAGEMENT

• Direct access to The Woodlands via Research Forest Drive & Egypt Lane. Situated on Woodlands ingress/egress point.

• Nearby national retailers including: Target, Kroger, Ross Dress for Less, OfficeMax, Home Depot, PetSmart, Famous Footwear & Gold’s Gym, Walgreen’s, T.J. Maxx.

• Positioned near the heavily trafficked intersection of FM 2978 & FM 1488 with over 60,000 vehicles per day on nearby FM 1488.

• Property is situated on the corner of Egypt Lane & Research Forest Drive, under ½ mile east of FM 2978. & approximately 6 ½ miles from I-45.

• Utilities available.

11 AcresFor Sale

32496 Egypt Ln., Magnolia

• Located ½ mile north of Research Forest Drive on Interstate 45, approximately 1 mile from The Woodlands Town Center & 5 miles from the Hardy Toll Road & the ExxonMobil Corporate Campus.

• St. Luke’s, Texas Children’s, Houston Methodist & Memorial Hermann Hospital campuses are within 1 mile of the shopping center.

• Maximum visibility on I-45. • 1,500 SF & 2,250 SF Spaces available.

Portofino PlazaFor Lease

19073 I-45, Shenandoah

• Located within 3 miles of the new Baker Hughes Western Hemisphere facility at the corner of FM 2978 & FM 2920.

• Five-lane road improvements on FM 2978 in progress • New luxury community by Toll Brothers across the

street under construction, with 850 +/- new luxury homes, 2016 Delivery (Montgomery County).

• 390 FF on FM 2978, 1090’ North line, 1090’ South line approximately, 380’ West line.

• Great opportunity for future development; Potential Uses: Commercial Development/ multifamily.

• Utilities Available.

9 +/- Acres For Sale

26823 FM 2978, Magnolia

• Property is located ½ mile west of Kuykendahl at the lighted intersection of T.C. Jester & FM 2920.

• Anchored by Woodforest National Bank & Texas Children’s Pediatric Associates.

• 2nd generation retail space available (1,340 SF former frame shop).

• Great retail, office or medical/professional location with high traffic volume.

• Other tenant’s include Southwest Allergy and Asthma, law office & dental office.

• Retailers include Super Walmart, Lowe’s, Kroger, Chili’s, Discount Tire, O’Reilly Automotive, among others.

Woodforest PlazaFor Lease

6334 FM2920, Spring

• A Brookshire Brothers grocery anchored center • Located in the heart of Montgomery, TX. • Great visibility & accessibility to SH 105 and 149. • Several 2nd generation retail & restaurant

spaces available. • Conveniently located to Walden, Bentwater, April

Sound, La Torretta, Grand Harbor & many other exclusive lakeside communities

• Less than 1.5 miles from the Montgomery High School campus.

Montgomery Trace Retail CenterFor Lease

20821 Eva St./HWY 105 West, Montgomery

10077 Grogan’s Mill Road, Suite 135The Woodlands, TX 77380

281.367.2220 jbeardcompany.com

• Property located on the Southeast Corner at SH 242 & Lexington Drive, signalized intersection, consisting of 2+/- acres (three lots).

• Located in the growing Woodlands Submarket, approx. 2 miles from I45 and the new Toll access road.

• Major growth in the market area to include Methodist Hospital, Texas Children’s, COSCO, Mercedes Dealership & CVS.

• Harpers Preserve - Master Planned community located to the east of this site.

• Utilities: Currently on Well & Septic. • Current improvements – residential home built in 1976.

• Property consists of 46 +/- acres at the NEC of Long Street & Interstate 45 in Willis.

• 2,274 FF on I-45. • Located approximately 17 miles from The

Woodlands & 45 miles from Houston. • Site is located on the north end of the City of

Willis, located South of New Waverly & North of the City of Conroe.

• Property is located in Zone X (to be verified , per Montgomery County Flood Plain Viewer).

• Utilities: Available through the City of Willis.

2 +/- AcresFor Sale

46 AcresFor Sale

188 Lexington/ SH 242, Conroe I45/Longstreet, Willis

• Situated on 1.73-acre lot. • 8,400 SF building, 3,900 SF suite available for lease. • Located across from Research Forest Lakeside

Development with nearly 2-million SF of new office improvements under construction.

• Great location on the going-home side of Research Forest Drive, one of the main arterials within The Woodlands.

• Located approximately 1-1/2 miles west of Interstate 45

• 1,800 SF, 1,500 SF & 1,944 SF spaces available. • Research Forest Drive is one of three main arteries

into and out of The Woodlands, which places Research Forest Plaza, located approximately ½ mile west of I-45, in a perfect position for daily commuters that use I-45.

• 60’ bay depths, with glass storefronts & covered walk along full length of center.

• Up to 3,200 SF of space available • Conveniently located on College Park DR. (SH 242)

at Interstate 45 in The Woodlands. • Site is adjacent to St. Luke’s Hospital and The

Woodlands College Park High School & across from Sam Houston State University & Lone Star College.

• Super Walmart, Lowe’s, At Home, Burlington and Kohl’s are in the immediate trade.

Retail CenterFor Sale or Lease

Research Forest Plaza For Lease

College Park Plaza For Lease

2626 Research Forest Dr., The Woodlands 1500 Research Forest Dr., The Woodlands 3091 College Park Dr., The Woodlands

• Located within The Woodlands Submarket 1-1/2 miles, is Westwood Shopping Center, development by Regency Center, consisting of over 300,000 SF of inline retail and pad site development, which includes Target, TJ Maxx, Ross, Office Max, PetsMart, Gold’s Gym, as well as a Michaels. Pad users include Chili’s, Starbucks, Taco Bell, Chick-fil-A, etc.

• Commercial development south of the site, at the intersection of FM 2978 and Woodlands Parkway is Super Walmart, Chase, Whataburger, and more.

• Application for utility service available through Aqua Texas.

• New luxury residential community by Toll Brothers south of Woodlands PKWY on FM 2978.

• 983.9 FF on Woodlane.

5.79 AcresFor Sale

• Commercial development near the site, at the intersection of FM 2978 & Woodlands Parkway includes Super Walmart, Chase, Whataburger, & more.

• Located within 1-1/2 miles, is Westwood Shopping Center, tenants include: Target, TJ Maxx, Ross, Office Max, PetsMart, Gold’s Gym, as well as a Michaels. Pad users include Chili’s, Starbucks, Taco Bell, Chick-fil-A , among others.

• New Luxury residential community delivered by Toll Brothers in 2016 just south of Woodlands PKWY on FM 2978.

• Application for utility service through Aqua Texas • 494’ FF on FM 2978. • Great opportunity for mixed use development.

9.18 Acres For Sale

30045 FM 2978, Magnolia Woodlane @ FM 2978, Magnolia

REDNews talks with Converse Economic Development Corporation (EDC) Executive Director Kate Silvas about the steady transformation currently underway in Converse, Texas near San Antonio.

RN: Why should our readers think Converse for their next project?

KS: What is happening in Converse is really remarkable, and what is happening -- and what is about to happen here - is very exciting.

The bottom line for your readers will be just that: the bottom line. Literally, Converse represents more than $1 billion in buying power, and it’s growing! Why? First, we are permitting 200 homes in Converse annually and have been for more than 10 years. Second, Converse is also one of the safest and most affordable places to live in the San Antonio region. Finally, there’s the growth in unmet retail demand and almost every sector in Converse – $788 million to be exact. That means that more than $750 million is leaking or escaping our community in retail sales every year. That is a significant opportunity or gap we are seeking to fill.

RN: What are some of the ways you are addressing that need, Kate?

KS: We have incentives, and are prepared to use them! We offer tax abatements, grants and other

financial incentives on a case-by- case basis. Our incentive programs are listed on our website at www.converseedc.com. Each incentive package needs to make sense, of course, for all parties. We are looking for businesses to not only choose Converse -- but to thrive when they get here!

RED News: What are some recent projects that Converse has incentivized?

KS: The City and the Converse EDC recently partnered with a couple developers to install water infrastructure valued at more than $350,000 to spur additional development next to the site of a Walmart Neighborhood Market (currently under construction). Additionally, the EDC contributed $1.2 million toward a $15 million project to widen South Seguin/FM 1516 from two lanes to four lanes with a center turn lane, bike lanes and sidewalks. Construction on that project is scheduled to start in the fall of this year (2016). The Converse EDC also funded $50,000 in infrastructure improvements to Lott’s Landing on FM 78 to directly increase traffic flow to those businesses and funded the City’s Parks Master Plan to improve quality of life for Converse residents and businesses. One project we are about to undertake pending Council action this week is an investment of about $155,000 in Papa Dante’s Italian Restaurant to build a $1.2 million 450-seat event center and Bocce Pavilion. We are excited about what that will do for Converse. Plus we have more projects in the works that I am not at liberty to discuss right now. Suffice it to say, that when we do make those

announcements, there will be a lot of people having a V-8 moment asking themselves, “Why didn’t I go to Converse?” and then, “How soon can I get there?”

RN: What kinds of businesses are you targeting? What makes sense in Converse?

KS: Almost every retail sector there is will do well here. However, what we do know is this: we especially need restaurants – full service restaurants and other food service. We also need apparel – women and children as well as mens wear, shoes, sporting goods, hardware, groceries, etc. In addition, we are targeting hospitality (limited service hotels now with hopes of full service/event space) and entertainment venues. Finally, and not least, we are seeking businesses in the construction industry, the information technology space and manufacturing technologies.

Converse is a very young community, with a median age of 32.5. So, our workforce is young and versatile and prone to entrepreneurship. There are over 3,500 students at Judson HS in Converse. We’d like to leverage that young workforce to retain as much of the talent here as possible. But, we are also a bedroom/commuter city in a lot of ways so we’ve learned to be flexible and realistic in our approach to economic development.

RN: It sounds like Converse is a hotbed for opportunity, Kate. Is there anything else you’d like to add?

KS: How much time do you have? (Laughter.)

I’d like to also say that we’ve really begun to focus on differentiating ourselves from our competition in some meaningful and memorable ways.

In addition to creative marketing to bring developers to our city, we’re focused on investing our time in our existing business community and building those relationships up as well. That seems to be paying off as we are gaining new ambassadors for Converse as a result of those efforts. People just want to know that they matter, and that we care, and we do.

In fact, at the end of April, we celebrated our first anniversary of honoring our long-term businesses in Converse. And there is a great deal that we learn from them. I hear businesses all the time saying how grateful they are for the difference we are making. That isn’t an accident.

What is important is that when we help our businesses in Converse succeed and celebrate their success, they too become walking, talking, prophetic ambassadors for Converse. Our goal/my hope is that when Converse businesses are asked about their experience in Converse, their response is so overwhelmingly positive that in the end, other businesses conclude this is the place to be.

There are so many reasons why Converse makes sense to the businesses that come here. We are just so excited about what is coming next! Stay tuned!" l

All About Converse

BY BRANDI SMITH