4477 West Sam Houston Parkway North

A Retail and Office Development

PROPERTY AND BUILDING DESCRIPTION

Key Attributes of Property and Location:

•                   8.86 Acres with frontage on Beltway 8 East and on Genoa-Red Bluff, with additional frontage on proposed extension of Preston Road to be constructed from Beltway 8 South to Genoa-Red Bluff in 2006.

•                   Direct access east-bound or west-bound on Beltway 8 via Genoa-Red Bluff interchange and Preston Road interchange.

•                  Direct access to Clear Lake area via Genoa-Red Bluff east then south on Space Center Boulevard (Genoa-Red Bluff to be widened to four lanes from Beltway 8 East to Space Center Boulevard in 2006).

•                   Direct access to Bayport, Seabrook and Kemah areas via Genoa-Red Bluff east then southeast on Red Bluff to 146.

•                   Two miles east of I-45 South and less than two miles west of concentration of retail centers at Beltway 8 East and Fairmont Parkway.

Preston-Beltway Centre (Phase I) Building Description:

•                   24,750 SF Multi-tenant retail (office) building on approximately 2.79 acre site.

•                   Concrete tilt-wall construction with masonry facia and glass storefront.

•                   14’ Clear Height.

•                   30’ x 30’ column spacing.

•                   Concrete paving and parking: 6 cars per 1,000.

•                   Glass storefront and canopy covered tenant entries.

•                   Interior tenant finish constructed-to-suit.

•                   Fire sprinkler system.

•                   Rear service door access and dumpster storage behind building.

•                   Standard 277/480 volt, three phase electrical power with individual tenant electrical service and meter.