Plans Announced for CityPlace in Springwoods Village

             Plans Announced for CityPlace in Springwoods Village

JLL selected to lease office space

PR Newswire

HOUSTON, June 19, 2014

HOUSTON, June 19, 2014 /PRNewswire/ --A development venture comprising
Patrinely Group, CDC Houston and USAA Real Estate Company, today announced
project details for the new CityPlace, formerly known as Springwoods Village
Town Center. The 60 acre fully integrated, mixed-use development will provide
the Houston community with a new destination of choice that integrates
working, shopping and living, with over four million square feet of Class A
office space located above ground floor retail, and luxury urban multifamily,
and a full-service hotel.

CityPlace in Springwoods Village Rendering

"CityPlace is an innovative development located at the nexus of Interstate-45,
Grand Parkway and the Hardy Toll Road. We anticipate that the new project will
make a lasting mark and will help shape Houston for future generations," said
Dean Patrinely, managing principal of Patrinely Group, the venture's managing
general partner. "CDC Houston, USAA Real Estate Company and Patrinely Group
are committed to making CityPlace the most accessible, premier 18-hour
destination in Houston."

Designed with a diverse mix of offerings, CityPlace will complement other
Springwoods Village developments including the new 10,000-person Exxon Mobil
corporate campus, which now has its first occupants; the 1,500-person
Southwestern Energy Company headquarters, which completes in December 2014;
and the recently announced CHI St. Luke's Health medical campus.

The initial office component phase of CityPlace development will include two
Class A office buildings with a combined total of 440,000 square feet of
office space for single or multi-tenant users, shopping and dining. The first
office building, a five-story structure, will offer a total of 147,000 square
feet with flexible 28,000-square-foot floor plates. The second structure, a
10-story office building, will have nearly 295,000 square feet of leasable
space and efficient floor plates that total 29,200 square feet.

Designed by Gensler and built by Harvey Builders, both buildings will be
located at the eastern end of CityPlace, near the full service hotel, public
plaza, and the lake and park system, just west of I-45. Each structure will
have 9'6" ceilings with floor-to-ceiling glass, private elevated terrace
garden areas, ground floor dining and shopping and an adjacent covered parking
structure and will achieve LEED Gold certification. The first building will be
delivered in the fourth quarter of 2015.

Patrinely Group has selected JLL as the exclusive office leasing agent for
CityPlace. JLL's Ronnie Deyo, Chrissy Wilson and Chris Dekker will lead the
leasing and marketing efforts. Transwestern Retail has been selected as the
leasing agent for the retail space in CityPlace. Transwestern's Nick
Hernandez, Chace Henke and Crystal Allen will lead the retail leasing efforts.

"CityPlace's location, at the new intersection of I-45, Grand Parkway and the
Hardy Toll Road, offers unparalleled access for corporations seeking to
operate in a highly accessible, self-contained, state-of-the-art environment
that connects nature and urbanism and is only 15 minutes from George Bush
Intercontinental Airport," said Chrissy Wilson, senior vice president of JLL.

In addition to the office, dining and shopping, Martin Fein Interests LTD.
will build a 268-unit, Class A multifamily apartment community within
CityPlace. The property will include retail space on the ground floor.
Additionally, Woodbine Development Corporation is developing a full service
hotel with expansive meeting space and amenities that will overlook the public
plaza and the lake and park system, as well as a Residence Inn by Marriott,
located on the western end of CityPlace.

"Patrinely's extensive development expertise and attention to detail, coupled
with USAA Real Estate Company's financial sponsorship, and CDC Houston's
well-designed, award winning master plan will ensure CityPlace Springwoods
Village will stand as one of Houston's premier urban communities," said Ronnie
Deyo, executive vice president of JLL. "It will offer the best of everything
and create a meeting place that people will be drawn to naturally."

"CityPlace is the heart and soul of Springwoods Village and an important next
step in the growth of the community and will provide amenities to those
already living and working in Springwoods Village," said Keith Simon,
executive vice president and director of development of CDC Houston.

CDC Houston is the creator of the Springwoods Village community. The company
has designed the development with a new model of sustainability to improve the
everyday life of its tenants, residents and the greater Houston business
community. While there are plans to make significant improvements at the site,
there is a dedicated focus on the preservation of the area's ecosystems and
the balance between nature, urbanism and diversity. Additional ongoing
developments in Springwoods Village include: The Belvedere luxury apartments,
the Audubon Grove and Harper Woods residential neighborhoods and a Marriott
Residence Inn, slated to start construction in July 2014.

For office inquiries, please contact Chrissy Wilson at 713 888-4062 or Chris
Dekker at 713 425-5856.
For retail inquiries, please contact Nick Hernandez at 713 270-3354 or Chace
Henke at 713 272-1274

For more information about CityPlace visit www.cityplacespringwoods.com

About Patrinely Group, LLC
Patrinely Group is as a national real estate development firm specializing in
commercial office and residential projects throughout the United States. Since
1983, the company has completed $3 billion of some of the most respected and
successful projects in the nation. Patrinely Group is currently active in
Texas, Arizona, California, Colorado, Florida, New Jersey, New York, Virginia
and Washington. For more information, visit www.patrinelygroup.com.

About CDC Houston
CDC Houston, Inc. (a subsidiary of Coventry Development Corporation (New York)
is an experienced land developer with expertise in creating mixed-use urban
communities that foster smart and responsible growth for commercial and
residential vitality. Coventry has provided development services for mixed-use
projects in New York, Colorado, Texas, Florida and Guam over its 45-year
history. In 2001, the company launched RidgeGate, also a sustainable,
mixed-use community, in Lone Tree, Colorado which consists of 3,500 acres. For
more information on CDC Houston, Inc.'s latest project, Springwoods Village,
please visit: www.springwoodsvillage.com and connect on Facebook and Twitter.

About USAA Real Estate Company
USAA Real Estate Company, with approximately $12 billion in assets under
management, provides co-investment, acquisition, build-to-suit and development
services for corporate and institutional investors. The USAA portfolio
consists of office, industrial, retail and hotel properties as well as
investments in real estate operating companies. RealCo is a subsidiary of
USAA, a leading financial services company, serving military families since
1922. For more information, visit www.usrealco.com.

About Woodbine Development
Woodbine Development Corporation is a 40-year-old, full-service real estate
company focused on development, investment/acquisition and asset management
opportunities across the United States. The company specializes in hotels,
resorts and golf courses; multiuse land and mixed-use developments; and real
estate services provided to corporations, non-profit organizations and
individuals. Woodbine has been involved with more than $2 billion in
commercial real estate projects, including development, ownership and/or asset
management of more than 6,500 hotel rooms, 18,000 acres of land and 126 holes
of championship golf. To learn more, visit www.woodbinedevelopment.com.

About JLL
JLL (NYSE: JLL) is a professional services and investment management firm
offering specialized real estate services to clients seeking increased value
by owning, occupying and investing in real estate. With annual fee revenue of
$4 billion, JLL has more than 200 corporate offices and operates in 75
countries worldwide.On behalf of its clients, the firm provides management
and real estate outsourcing services for a property portfolio of 3 billion
square feet and completed $99 billion in sales, acquisitions and finance
transactions in 2013. Its investment management business, LaSalle Investment
Management, has $48.0 billion of real estate assets under management. For
further information, visit www.jll.com.

About Transwestern
Transwestern is a privately held real estate firm specializing in agency
leasing, property and facilities management, tenant advisory, capital markets,
research and sustainability. The fully integrated global enterprise leverages
competencies in office, industrial, retail, multifamily and healthcare
properties to add value for investors, owners and occupiers of real estate. As
a member of the Transwestern family of companies, the firm capitalizes on
market insights and operational expertise of independent affiliates
specializing in development, real estate investment management and research.
Transwestern has 34 U.S. offices and assists clients through more than 181
offices in 40 countries as part of a strategic alliance with Paris-based BNP
Paribas Real Estate.

Photo - http://photos.prnewswire.com/prnh/20140619/119520

SOURCE Patrinely Group, LLC

Website: http://www.patrinelygroup.com
Contact: Carolyn Drushel, 713-212-2207, cdrushel@patrinely.com
 
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