1. May 24, 2008PalmRidge Park A Mixed-Use Real Estate Property for Sale in McAllen, TX

2. May 24, 2008PalmRidge Park Ridge Road McColl

3. May 24, 2008PalmRidge Park Overview  The property comprising PalmRidge Park has been master planned and deed restricted to protect the long-term value of the real estate. The deed restrictions are recorded in the Hidalgo County Court Records and are available for review. The deed restrictions include architectural, landscaping, cross parking and access and general guidelines for the on-going park development. Currently, 11 acres are zoned C-3 (heavy commercial) with the remaining commercial zoned but not subdivided.

4. May 24, 2008PalmRidge Park In the Neighborhood  Medical  McAllen Heart Hospital  Adjoining the development  Rio Grande Regional Hospital  UHS McAllen Medical Hospital  South Texas Cancer Center  Veterans Nursing Home  In the park  Residential  Surrounded by highest household income in south Texas  New single-family subdivisions  Commercial  Las Tiendas  McAllen Pavillion  Sam’s Club & Walmart  New HEB  Ridge Crossing Shopping Center available for purchase

5. May 24, 2008PalmRidge Park In the Park  Medical  McAllen Heart Hospital  Adjoining the development  Veterans Nursing Home  In the park  Residential  Approximately 39 acres zoned for R-1 and R-2  Commercial  11 acres C-3 zoning  27 acres C-3L zoning  Ridge Crossing Shopping Center

6. May 24, 2008PalmRidge Park Demographic Radius

7. May 24, 2008PalmRidge Park Demographic Information 1 miles3 miles5 miles10 miles P opulation (2006) 4,46481,157192,335431702 Average Household Income $99,504$53,408$49,274$48,123 Median Home Value (2000) $109,044$68,830$66,316$62,345 Total Housing Units (2000) 1,97024,83955,520122,932

8. May 24, 2008PalmRidge Park

9. May 24, 2008PalmRidge Park Zoning for Available Land  The zoning map of the land areas to the right of this paragraph reflect the overall size and scope of the property. The original property was a farm owned by the family. Since the 1980’s, Rio Grande Regional Hospital, McAllen Pavillion Retail Center, the Heart Hospital, Camelot Retirement Center and Frost Bank were built on land orginally owned and then sold to these entities. These developments have solidified the value of the area and have established market value for the properties.

10. May 24, 2008PalmRidge Park Future extension of McColl Rd. to access Military Hwy. And bridges to Mexico New roadway extension

11. May 24, 2008PalmRidge Park Office Park Site  Office Development Site The site adjoining the retail center on the west has been planned as a future office park development with cross access and parking with the surrounding properties. This location is ideal for Heart Hospital doctors and ancillary facilities. The planned office grouping utilizes approximately 60,000 sf of commercial land. The master planned design will be included in the proposed purchase of the property. Asking price for the land is $650,000.

12. May 24, 2008PalmRidge Park Commercial Land  The 4 plus acre site located at the intersection of McColl Rd., Wichita Ave. and “D” Street is zoned C-3 (high density commercial uses). The site is ideally suited for mid-rise condominium or mid-rise office. Asking price is $14.00 psf.

13. May 24, 2008PalmRidge Park Hotel Development Site This site is zoned C-3 (commercial) and has been designated ideal for a hotel use. The C-3 zoning allows for maximum density of use, including hotel, office, retail or other high density commercial use. Sale price is $13.00 psf.

14. May 24, 2008PalmRidge Park Residential Land Sites  The residential land components of the planned development include approximately 28 acres east of McColl and the balance of 5 acres west of McColl. The R-2 zoning is for townhouse/two level condominium, zero lot line homes with the R-1 zoning for single family residential only. The average price per acre in the immediate area is $100,000 or developed $4.00 psf.

15. May 24, 2008PalmRidge Park Ridge Crossing A 32,000 sf neighborhood retail center available for sale. Phase II is complete as of May 1 st, 2008 and is 50% pre-leased. The 4 remaining spaces are in negotiation for lease and the pad site is under a letter of intent. $5,500,000

16. May 24, 2008PalmRidge Park Ridge Crossing Tenant List

17. May 24, 2008PalmRidge Park Contact: Katherine Zeigler Tele: 956-453-5211 Email: kzeigler@zeiglerco.comkzeigler@zeiglerco.com $17,000,000 excluding Ridge Crossing Shopping Center

18. May 24, 2008PalmRidge Park McAllen, TX