affordable. convenient. desirable.
Transcription
affordable. convenient. desirable.
PARMER AFFORDABLE. CONVENIENT. DESIRABLE. presented by: PARMER – THE NEW LIVE.WORK.PLAY. AFFORDABLE. CONVENIENT. DESIRABLE. Grandfathered 1997 development agreement. The existing site is not subject to current development restrictions, providing significant cost savings. Established corporate presence. General Motors, Dell, HID Global, Pearson, Samsung among others all reside in the immediate area. No public approval process. The existing LI-PDA zoning allows for a wide variety of development options that do not require additional public approval. Access to primary highways. IH-35, Mopac Expressway and Toll 130 are all quickly accessible from PARMER. Ideal location. PARMER is located along Parmer Lane, Austin’s corporate thoroughfare connecting many of Austin’s largest corporate campuses, including Samsung, and Apple, from East to West. Extensive existing amenities. Over 2 million square feet of affordable retail amenities in the immediate area along IH-35 and Parmer. STRUCTURE SETTING CONVENIENCE IDENTITY CITY OPPORTUNITY opportunity PARMER AFFORDABLE. CONVENIENT. DESIRABLE. #1 America’s Top Boomtown OPPORTUNITY - Bloomberg, 2013 #1 America’s Fastest Growing City #1 Small Business Growth #2 Fastest Growing Area #1 Job Growth #2 Economic Index Rating #1 Econmic Health Index #2 Top 50 MSA’s for Economic and Job Growth - The Business Journals, 2013 - Business Journals, 2013 - U.S. Census Bureau, 2012 - On Numbers Economic Index, 2013 - Area Development, 2012 #2 Best-Performing Large Cities - Milken Institute, 2012 STRUCTURE SETTING CONVENIENCE IDENTITY - Business Insider, 2012 #3 Best Cities For Good Jobs - Forbes, 2013 - Forbes, 2012 - Brookings Institute, 2013 CITY city #3 Hottest American Future Cities PARMER AFFORDABLE. CONVENIENT. DESIRABLE. #3 Tech Job Growth - Dice.com, 2013 #3 For Starting a Business - NerdWallet, 2013 6 OPPORTUNITY IDENTITY 8 1 5 SETTING CONVENIENCE IDENTITY CITY 2 STRUCTURE Downtown Austin - 16 minutes Austin-Bergstrom Intl. Airport - 26 minutes 3 Mopac Expressway - 7 minutes 4 Manor - 14 minutes 5 Cedar Park - 23 minutes 6 Leander - 21 minutes 7 The Arboretum - 14 minutes 8 Hutto - 20 minutes 9 Pflugerville - 9 minutes 10 Round Rock - 10 minutes 11 SH 130 - 19 minutes 12 IH 35 - 1 Minute 10 9 3 12 7 11 1 PARMER AFFORDABLE. CONVENIENT. DESIRABLE. 2 4 STRUCTURE SETTING CONVENIENCE IDENTITY CITY OPPORTUNITY IDENTITY Major Employers Parmer Ln. Corridor Retail PARMER PARMER AFFORDABLE. CONVENIENT. DESIRABLE. AUSTIN’S CORPORATE THOROUGHFARE CONVENIENCE OPPORTUNITY RESTAURANTS CONVENIENCE IDENTITY CITY 1. Zed’s Restaurant 2. Little Caesars Pizza 3. Schlotzky’s 4. Golden Wok Restaurant 5. Subway 6. Indian Spicy Kitchen 7. Panda Express 8. Chick-Fil-A 9. Pei Wei 10. Carino’s Italian 11. Souper Salad 12. Tropical Smoothie 13. Chili’s Grill & Bar 14. Freebird’s World Burrito HOTELS CLEANERS SETTING 1. Courtyard by Marriot 2. Hilton 3. Springhill Suites 4. Residence Inn 5. Fairfield Inn FITNESS CENTERS STRUCTURE 15. Jimmy John’s 16. Nikki’s Pizza 17. Masala Wok 18. Arby’s 19. Subway 20. McDonald’s 21. Acapulco 22. Ka Prow Pan Asian Bistro 23. McDonald’s 24. Buffalo Wild Wings Grill 25. Maria’s Mexican Restaurant 26. Red Robin 27. Golden Corral 28. Einstein’s 1. Top Hat Cleaners CHILD CARE 1. Capital City Kids Daycare 2. Crestview Preschool PARK & RIDE 1. Gold’s Gym 2. 24 Hour Fitness APARTMENTS Average Rent: $905/Month ($1.03/SF) PARMER AFFORDABLE. CONVENIENT. DESIRABLE. metro rail metro rapid STRUCTURE SETTING CONVENIENCE IDENTITY CITY OPPORTUNITY convenience metro rail - park and ride Tech Ridge Transit Facility (TRTF) opened in 2007, and is one of Austin’s most heavily used facilities. The Park & Ride parks 476 cars and 10 bikes. TRTF connects patrons commuting both to and from Round Rock, Georgetown, and with CARTS from other towns and cities in Williamson County to all parts of Austin, including the University of Texas and Downtown. In addition to the Park & Ride and Metro Rapid bus options, six additional bus routes stop adjacent to Parmer: 1l 1M 101 135 392 935 N. Lamar/S. Congress Ltd. - Lamar N. Lamar/S. Congress Ltd. - Metric N. Lamar/S. Congress Limited Dell Limited Braker Tech Ridge Express PARMER AFFORDABLE. CONVENIENT. DESIRABLE. metro rail metro rapid COMING IN 2014 TECH RIDGE N. Lamar Blvd NORTH AUSTIN MEDICAL 183 metro rail - park and ride ACC Northridge Domain KRAMER DOMAIN PICKLE OHLEN New Capital MetroRapid service will use high-tech buses to provide faster, frequent service and more amenities. CHINATOWN MASTERSON J.J.Pickle Research Center RUNDBERG N. LAMAR TRANSIT CENTER Burnet Rd CITY OPPORTUNITY convenience North Austin Medical Center NORTHCROSS 183 CRESTVIEW KOENIG WEST CRESTVIEW NORTH LOOP HIGHLAND KOENIG TRIANGLE Central Market HYDE PARK W. 38th ACC Rio Grande North Lamar/South Congress and Burnet/South Lamar corridors. 12th 8th 4th MLK, JR The University of Texas 16th Guadalupe St CONVENIENCE Seton Hospital Capital Metro is planning to provide initial service along the busy 183 UT/DEAN KEETON UT/WEST MALL Lavaca St ROSEDALE MOPAC Expwy IDENTITY SUNSHINE MetroRapid features real-time bus arrival information, limited stops, traffic signal priority technology, and quick, multi-door boarding. 35 State Office Complex DOWNTOWN PLAZA SALTILLO SEAHOLM SETTING 1st Austin Convention Center BARTON SPRINGS LAMAR SQUARE La S. BLUEBONNET Palmer Events Center/ Auditorium Shores L a d y B i rd L a k e SOCO SoCo District OLTORF Rapid 801 m ar Bl vd OLTORF WEST AUDITORIUM SHORES North Lamar/South Congress ST. EDWARD’S St. Edward’s University Rapid 803 WESTGATE S. CONGRESS TRANSIT CENTER Westgate Mall LITTLE TEXAS PLEASANT HILL S. Congress STRUCTURE Burnet/South Lamar BRODIE OAKS SOUTHPARK MEADOWS MetroRapid Stations MetroRail Line MetroRail Station 35 Southpark Meadows Shopping Center Park & Ride June26,2012 PARMER AFFORDABLE. CONVENIENT. DESIRABLE. metro rail metro rapid HOWAR LEN STRUCTURE PARMER LANE GM DELL PARMER AFFORDABLE. CONVENIENT. DESIRABLE. NN HA RR ISG LE RI IS A R R H Office DR DG EB LVD CITY CONVENIENCE SETTING LEGEND DESSAU RD S PAS R R RIDGE D CAL S PAS CE NT E MC E LIN TER IDENTITY SETTING CEN OPPORTUNITY D LANE HOWAR LEN STRUCTURE PARMER LANE GM DELL PARMER AFFORDABLE. CONVENIENT. DESIRABLE. NN HA RR ISG LE RI IS A R R H Flex DR DG EB LVD CITY CONVENIENCE SETTING LEGEND DESSAU RD S PAS R R RIDGE D CAL S PAS CE NT E MC E LIN TER IDENTITY SETTING CEN OPPORTUNITY D LANE HOWAR LEN STRUCTURE PARMER LANE GM DELL PARMER AFFORDABLE. CONVENIENT. DESIRABLE. NN HA RR ISG LE RI IS A R R H Multifamily DR DG EB LVD CITY CONVENIENCE SETTING LEGEND DESSAU RD S PAS R R RIDGE D CAL S PAS CE NT E MC E LIN TER IDENTITY SETTING CEN OPPORTUNITY D LANE CITY OPPORTUNITY setting PARMER 1 PROPOSED CLASS A OFFICE DEVELOPMENT AND RETAIL LAND: STRUCTURE SETTING CONVENIENCE IDENTITY OFFICE: 31.9 Acres 2 Approximately 580,000 SF (Expandable) Parked 5.0/1,000 (Expandable) Buildings 1: 200,000 RSF (Each) Four Levels (50,000 RSF/TYP Level) Surface Parking + Structured Parking 3 Structured Parking Building 2: 180,000 RSF Three Levels (60,000 RSF/TYP Level) Surface Parking Building 3: 200,000 RSF (Each) Four Levels (50,000 RSF/TYP Level) Surface Parking + Structured Parking Retail: Approximately 35,000 RSF Three buildings / pads 6 1 PARMER AFFORDABLE. CONVENIENT. DESIRABLE. 5 4 CITY OPPORTUNITY setting PARMER 2 3 PROPOSED CLASS A OFFICE DEVELOPMENT LAND: 39.6 Acres 2 Approximately 760,000 SF (Expandable) Parked 5.0/1,000 (Expandable) Buildings 1 & 4: 200,000 RSF (Each) Four Levels (50,000 RSF/TYP Level) Surface Parking + Structured Parking Buildings 2 & 3: 180,000 RSF (Each) Three Levels (60,000 RSF/TYP Level) Surface Parking Structured Parking 1 RIDGE B LVD 4 PARMER AFFORDABLE. CONVENIENT. DESIRABLE. PARMER LANE HARRIS STRUCTURE SETTING CONVENIENCE IDENTITY OFFICE: OPPORTUNITY setting PARMER 2 IDENTITY CITY RENDERING CONVENIENCE PARKING STRUCTURE 5 STORIES SETTING SURFACE PARKING STRUCTURE CORPORATE 4 STORIES | 200K SF PARMER LANE PARMER AFFORDABLE. CONVENIENT. DESIRABLE. OPPORTUNITY setting 4 PARMER 3 PROPOSED CLASS A OFFICE DEVELOPMENT CITY 3 LAND: Approximately 800,000 SF (Expandable) Parked 5.0/1,000 (Expandable) Buildings 1 - 2: 200,000 RSF (Each) Three Levels (67,000 RSF/TYP Level) Surface Parking Building 3-6: 5 2 6 100,000 RSF (Each) Three Levels (33,500 RSF/TYP Level) Surface Parking SS PA STRUCTURE EN LL A C C M SETTING CONVENIENCE IDENTITY OFFICE: 53.9 Acres 1 PARMER AFFORDABLE. CONVENIENT. DESIRABLE. OPPORTUNITY setting INTERMEDIATE CONNECTOR ROUTE PARMER 3 CITY RENDERING CONVENIENCE IDENTITY SURFACE PARKING STRUCTURE SETTING 3 STORIES | 200K SF MCCALLEN PASS PARMER AFFORDABLE. CONVENIENT. DESIRABLE. CITY OPPORTUNITY setting PARMER 4 PROPOSED CLASS A OFFICE DEVELOPMENT LAND: Approximately 380,000 SF (Expandable) Parked 5.0/1,000 (Expandable) Buildings 1 & 3: 100,000 RSF (Each) Three Levels (33,500 RSF/TYP Level) Surface Parking Building 2: 2 3 180,000 RSF Three Levels (60,000 RSF/TYP Level) Surface Parking 1 STRUCTURE SETTING CONVENIENCE IDENTITY OFFICE: 26.6 Acres PARMER AFFORDABLE. CONVENIENT. DESIRABLE. setting 8 9 OPPORTUNITY CITY IDENTITY CONVENIENCE SETTING STRUCTURE 10 PARMER 5 PROPOSED VALUE OFFICE, FLEX AND RETAIL DEVELOPMENT LAND: 78.6 Acres FLEX: Approximately 700,000 SF Parked 2.5/1,000 Buildings 1-7: 100,000 RSF (Each) Surface Parking VALUE OFFICE: Approximately 140,000 SF Parked 4.0/1,000 Buildings 8 & 9: 70,000 RSF (Each) Surface Parking RETAIL: Approximately 20,000 SF Parked 5.0/1,000 FUTURE DEVELOPMENT: 25.53 Acres 4 5 6 7 Future Development 25.53 Acres 3 2 PARMER AFFORDABLE. CONVENIENT. DESIRABLE. 1 CITY OPPORTUNITY setting PARMER 6 PROPOSED MULTI FAMILY DEVELOPMENT LAND: Approximately 28.4 Acres approximate unit count of 500 units (20-22 units per acre) STRUCTURE SETTING CONVENIENCE IDENTITY MULTI FAMILY: 3 story garden style apartments with an PARMER AFFORDABLE. CONVENIENT. DESIRABLE. trammell crow schedule engineering|design pricing KARLIN MARKETING|MANAGEMENT STRUCTURE SETTING CONVENIENCE IDENTITY CITY OPPORTUNITY adam nims principal Adam serves as a Principal and head of Trammell Crow Company’s Austin Business Unit. In this role, he oversees the entire business unit, including all development and acquisition projects throughout Austin and Central Texas, new business pursuits, finance and overall day-to-day operations. Adam previously served as a Principal in TCC’s Austin Business Unit and a Senior Vice President with TCC’s Healthcare team in Dallas. During his five-year tenure, he managed the development of more than 340,000 square feet of medical office buildings valued at $71 million and led the negotiation and execution of TCC’s master development agreement with the City of Austin for the redevelopment of the Thomas Green Water Treatment Plant in downtown Austin. Adam has over 11 years of experience in varied aspects of commercial real estate including construction management, development management, marketing, valuation and finance. mark fowler senior vice president Mark Fowler serves as Senior Vice President of Development for Trammell Crow Company where he oversees the development and construction of real estate projects. With over 20 years of experience in construction and general contracting, his proven construction expertise gives him the ability to plan and manage any project to an on-time and on-budget conclusion. brad maples vice president As Vice President for Trammell Crow Company, Brad is responsible for identifying, underwriting, financing and managing new development and acquisition projects for the Austin Business Unit. Brad previously served as Development Manager for Trammell Crow Company where he was responsible for the management of all aspects of new office, industrial, multi-family, retail, medical and mixed use development projects. Brad has over 9 years of experience in the development of commercial real estate projects in Austin and Central Texas. Since joining TCC, Brad has contributed to the development of over 1.8M square feet of development valued at over $400M. PARMER AFFORDABLE. CONVENIENT. DESIRABLE. trammell crow schedule engineering|design pricing KARLIN FY1 STRUCTURE SETTING CONVENIENCE IDENTITY CITY OPPORTUNITY CONSTRUCTION SCHEDULE Q1 Q2 MARKETING|MANAGEMENT FY2 Q3 Q4 DEAL STRUCTURE • BTS awarded PRECONSTRUCTION • Design • Bid IGMP • Permits (preliminary site work/grading) • Permits (full site, core & shell) • Select GC CITY PLANNING APPROVALS • Site Plan Submittal • Site Plan review and revisions • Site Plan Approval CONSTRUCTION • Site work/Grading • Core and Shell Construction • Tenant Improvement Construction • Certificate of Occupancy • Tenant Occupancy PARMER AFFORDABLE. CONVENIENT. DESIRABLE. Q1 Q2 FY3 Q3 Q4 Q1 Q2 schedule engineering|design pricing KARLIN MARKETING|MANAGEMENT Bury Engineers is a nationally recognized leader in engineering design, land planning and landscape architecture. Founded in 1984, Bury is a full service consulting firm with services that include, Engineering - Civil, Mechanical / Electrical / Plumbing, Structural and more - Land Use Planning, Land Surveying, Landscape Architecture, Project Management / Construction Management and Sustainable Solutions. Founded in 1976, STG Design is one of the nation’s leading firms committed to multidiscipline design. STG offers complete services in project design, documentation and administration and maintains a steadfast commitment to incorporate sustainable principles throughout all services. Delivering a balance of design, technical knowledge and service, STG has over 65 employees with offices in Austin, Houston, Nashville and Tucson. STRUCTURE SETTING CONVENIENCE IDENTITY CITY OPPORTUNITY trammell crow PARMER AFFORDABLE. CONVENIENT. DESIRABLE. STRUCTURE SETTING CONVENIENCE IDENTITY CITY OPPORTUNITY trammell crow schedule engineering|design pricing KARLIN MARKETING|MANAGEMENT DPR Construction is a unique technical builder with a passion for results. Founded in 1990, DPR reached the $1 billion mark in less than 10 years and is continually ranked in the top 50 general contractors in the country. DPR serves customers nationally through regional offices around the country and has been building award winning projects in the Lone Star State since 1994. DPR matches the strength of top-technical talent and national expertise with the flexibility and responsiveness of a regional builder to help customers meet the ever-changing demands of the marketplace. White Construction Company is an award-winning commercial contractor with over forty-one years of construction expertise in a wide variety of industries. Founded in 1971, White Construction has been consistently listed as one of the nation’s top commercial contractors by industry business and trade organizations. As a full service contractor, White Construction draws on a wealth of knowledge and seasoned experience to thoroughly understand and fulfill architectural, functional and budgetary goals of our clients. Founded in 1909, Balfour Beatty is a world-class infrastructure services business operating across the infrastructure lifecycle, with leading positions in major markets. Balfour Beatty is in over 80 countries and is respected for the ability to both construct new buildings and refurbish existing properties. Balfour Beatty’s key attributes are to build quality solutions, to build safely, to build environmental awareness, to build trust and to build long term relationships by creating added value to customers on-going property requirements. PARMER AFFORDABLE. CONVENIENT. DESIRABLE. STRUCTURE SETTING CONVENIENCE IDENTITY CITY OPPORTUNITY trammell crow schedule engineering|design pricing KARLIN MARKETING|MANAGEMENT matthew schwab co-founder, managing director Since founding Karlin Real Estate in 2008, Matthew Schwab has overseen over $500 million in opportunistic acquisitions and financings of office, multifamily, and retail assets, and the purchases of the associated, secured debt. Using his experience from over one billion dollars in career acquisitions, Mr. Schwab has aggressively built the company’s presence in the real estate and restructuring investment community. He has moderated and served on a number of panels, including the 2012 PERE Global Investor Forum in Los Angeles and the IMN Opportunity Fund Winter Conference in Laguna Beach. Currently, he sits on the Board of Advisors for the Ziman Center for Real Estate and the Price Center for Entrepreneurial Studies both located at the Anderson School of Business at UCLA. He is also a member of the American Bankruptcy Institute and the Turnaround Manager’s Association. Mr. Schwab is a graduate of the University of California, Santa Barbara (B.S. in Economics) and the Anderson School at UCLA (M.B.A.). vicky canto-ponce vice president Vicky Canto is primarily responsible for the sourcing and execution of development and acquisition opportunities. She began her real estate career at Skanska USA Building as a Project Engineer, working on the planning and delivery of over $500M of institutional and commercial projects for clients such as Cornell University, Schlumberger-Doll Research and Beacon Capital Partners. Ms. Canto then joined GE Real Estate as a member of the West Coast Joint Venture Equity Investment team where she was responsible for the research and underwriting of $1.2Bn in multifamily, office and retail assets, in addition to the analysis and execution of asset disposition strategies. Ms. Canto is a graduate of the Massachusetts Institute of Technology (B.S. in Civil Engineering) and the University of Chicago Booth School of Business (M.B.A.). PARMER AFFORDABLE. CONVENIENT. DESIRABLE. trammell crow schedule engineering|design pricing KARLIN MARKETING|MANAGEMENT STRUCTURE SETTING CONVENIENCE IDENTITY CITY OPPORTUNITY mark emerick senior vice president, cbre Mark Emerick has over 22 years experience in commercial real estate as both a broker and principal. Mr. Emerick was a top producer during his brokerage career at Grubb & Ellis in San Diego, CA where he was a partner in the firm and a consistent Top 10 broker. As a principal, Mr. Emerick oversaw the acquisition, financing and management of an approximate one million square foot industrial / flex portfolio in Austin, Texas. Serving as Senior Vice President with CBRE in Austin, Mr. Emerick uniquely brings a commercial real estate resume that blends a successful brokerage career with extensive principal experience. Mr. Emerick’s multifaceted experience includes representation of many of the top institutional landlords in the country as both a leasing representative and investment sales advisor as well as an impressive corporate tenant representation resume. In 2012, Mr. Emerick was recognized in the WSJ for national deal of the week and finished as one of CBRE’s top producers nationwide. john barksdale first vice president, cbre John Barksdale joined CBRE in 2002 working in San Diego, California’s North County office and industrial markets. There he specialized in representing both institutional and non-institutional landlords and tenants in the leasing and sale of industrial, flex/office facilities and land. His team successfully closed sale and lease transactions totaling over $100 million in 2007, prior to Mr. Barksdale making his move back to Austin, Texas in 2008. Serving as First Vice President, Mr. Barksdale is responsible for new business pursuits with a focus on exclusive client representation in leasing, acquisition and disposition of office and industrial facilities. Since joining CBRE’s Austin office, Mr. Barksdale has been recognized in the top ten of the Austin Business Journal “Heavy Hitters” List (2009, 2010, 2011), and finished 2012 as one of CBRE’s top producers nationwide. rachel lee director of asset management, karlin Rachel Lee heads the asset management departments at Karlin Real Estate, for both the RE Lending and Equity Investment groups. The Equity Investment portfolio has invested over $500MM across 35 opportunistic projects since 2008, and the RE Lending portfolio currently consists of 23 loans of over $160MM. Ms. Lee is primarily responsible for business plan execution and performance of the overall portfolio, while leading a team of asset managers. She is also responsible for the structuring and oversight of all operations of the investments and loans, including but not limited to property and project management, leasing, construction, risk management, servicing, and reporting requirements for commercial, retail, multifamily, and industrial. Ms. Lee joined Karlin from CityView, a Los Angeles based institutional equity fund. Prior to joining CityView, she worked for PricewaterhouseCoopers. Ms. Lee holds a dual BBA in Business Honors and Accounting from The University of Texas at Austin, where she was also a Terry Foundation Scholar, and an MPA from the Graduate School of Business at The University of Texas at Austin. PARMER AFFORDABLE. CONVENIENT. DESIRABLE. OPPORTUNITY CITY IDENTITY CONVENIENCE SETTING 100 Congress Ave. Suite 500 Austin, TX 78701 Ph. 512.499.4900 Fax. 512.499.4999 100 Congress Ave. Suite 225 Austin, TX 78701 Ph. 512.482.5565 Fax. 512.482.5566 Matt Schwab Co-Founder/Managing Director [email protected] D 310.806.9740 Mark Emerick Senior Vice President [email protected] D 512.499.4934 Adam Nims Principal [email protected] D 512.482.5505 Vicky Canto-Ponce Vice President of Acquisitions [email protected] D 310.806.9707 John Barksdale First Vice President [email protected] D 512.499.4976 Brad Maples Vice President [email protected] D 512.482.5552 STRUCTURE 11755 Wilshire Blvd Suite 1600 Los Angeles, CA 90025 Ph. 310.806.9728 Fax. 310.806.9799 PARMER AFFORDABLE. CONVENIENT. DESIRABLE.