The subject property is an investment in the land under a new Whitney National Bank branch located in the wealthy Houston suburb of Pearland, Texas. The surrounding area has a huge concentration of new retail, developed over the past 2-3 years, with superior visibility and access. The property is located in the Pearland Fitness Center (24 Hour Fitness, Tutor Time, Advance Auto Parts, TCBY, Pearland Super Buffet, Planet Beach, and On the Run). The site is adjacent to Silverlake Village Shopping Center (SuperTarget, Kohl’s, Ross Dress For Less, Marshall’s, Linens ‘n Things, Pier 1 Imports, Randalls, Circuit City, Petsmart, Michaels, Office Depot, and Cinemark Theaters) and the Crossings Shopping Center (Wal-Mart Supercenter, JC Penney, Home Depot, Bed Bath & Beyond, Best Buy, TGI Friday’s, Olive Garden, Chick-fil-A, and Sonic Drive-In). Across Highway 288 is the Pearland Town Center (Dillard’s, Macy’s, Barnes & Noble, 300,00 sq ft of speciality shops & restaurants, residential space, office space, hotels, and exciting entertainment venues) and Shadow Creek Ranch (a master-planned community offering several schools, hospitals, churches, day cares, all forms of housing from single-family, multi-family, and senior living. Traffic generators in the area also include HEB Grocery, Academy Sports + Outdoors, Hobby Lobby, Ashley Furniture, and Memorial Herman Hospital.

Tenant: Whitney National Bank
Whitney Holding Corporation is a bank holding company headquartered in New Orleans, Louisiana. The Company’s principal subsidiary is Whitney National Bank, which has been in continuous operation since 1883. Whitney National Bank engages in community banking in its market areas in the five state Gulf Coast region, including Houston, Texas; southern Louisiana; the coastal region of Mississippi; central and South Alabama; the panhandle of Florida and the Tampa Bay metropolitan area of Florida. The Bank also has a foreign branch on Grand Cayman in the British West Indies. Through its bank, plus Whitney Securities, L.L.C. and the Whitney Community Development Corporation, the Company offers commercial, retail and international banking services, as well as brokerage, investment, trust and mortgage services throughout the Gulf South.