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News release

HOUSTON, TX

Jones Lang LaSalle Brings 2100+-Acre Development Site to Market in Houston

Site expected to draw significant national and global interest due to strong economic fundamentals and growth prospects in region


HOUSTON, Mar. 20, 2013 — The Sam Houston Area Council of the Boy Scouts of America today announced it has hired Jones Lang LaSalle to bring the Council’s Camp Strake property to market for sale.  The prime, 2100+-acre development site, known for more than 70 years as the flagship camp for the nation’s largest Boy Scout Council, is expected to attract intense national and international interest.  The property is one of the largest available contiguous land parcels currently available in the Houston metropolitan area, featuring more than two miles of commercial frontage, secluded residential areas, and natural amenities suitable for recreation, parks, hiking trials, bike trails and environmental mitigation.     It is expected to draw significant demand from developers seeking to capitalize on Houston’s “red hot” robust and growing economy—one of the strongest in the nation. 

“Camp Strake presents one of the most exceptional development opportunities in the entire country right now--a truly rare chance for a developer to create a master-planned community with unprecedented beauty, superior access and unmatched green-space amenity potential,” said Tom Kirschbraun, Managing Director for Jones Lang LaSalle.  “Houston’s strong recovery from the recession, led by the energy, international trade and healthcare sectors, makes the site a prime candidate for a wealth of potential development including commercial, retail and residential and park applications.”

Camp Strake is located on the southwest corner of Interstate 45 North and Loop 336, south of Conroe.  The property offers superior access with a dedicated exit ramp along I-45, as well as prime frontage on both I-45 and Loop 336.  The entire site will be annexed by the City of Conroe, effective July 1 and presents no specific zoning requirements or encumbrances associated with the property. 

Camp Strake was named in honor of Susan and George Strake, Sr., who provided the funds to purchase the camp property in 1943.  The family remains actively involved with both the camp and the Sam Houston Area Council.  The proceeds from the sale will be used to buy, develop and endow in perpetuity a new Camp Strake north of the city.

“Over the past few decades, the camping experience at Camp Strake has evolved from a rural setting to an urban setting as the region grew, and over the past 15 years, we’ve seen a 45 percent decline in the total number of campers who visit,” said Tom Varnell, President of the Sam Houston Area Council.  “By selling the current property, we will be able to create a state-of-the-art Camp Strake that will be developed for a new generation of Scouts and their leaders.  We’ll be able to offer the traditional Scout programs such as camping, shooting sports, C.O.P.E. (Challenging Outdoor Personal Experience) course, and aquatics, as well as new programs such as a STEM (Science, Technology, Energy and Math) Center, bike trails, BMX facility, rock wall climbing and rappelling, a skateboard park and a swimming pool complex.  This sale will truly be a win-win for all involved.”

The development of the site enjoys local governmental support.  Conroe Mayor Webb Melder views the Camp Strake property as a valuable asset for the City due to its economic value and environmental resources. “We look forward to working with the future owner/developer of Camp Strake to advance a land plan that will add value to the quality of life in our city” said Melder.

Jones Lang LaSalle’s Capital Markets experts including Managing Director Tom Kirschbraun, Senior Vice President Scott Cullen and Vice President Mark Lindenbaum are leading the national and global efforts on this offering, with Houston Market Director Dan Bellow and Senior Vice President John Talhelm leading local outreach.

“The Boy Scouts have been excellent stewards of the land, preserving the natural beauty of the property while at the same time creating memories for thousands of campers over the past seven decades,” said Bellow.  “Camp Strake is truly one of Houston’s treasures, but the time is right to create a new gem for this city.  Between the Exxon Mobil Corporate Campus opening next year with more than 14,000 employees, and the Town Center in The Woodlands with approximately 50,000 jobs currently in place and the potential for another 25,000, the north Conroe area is one of the top growth areas in the entire state of Texas.  Amazing things are happening here.”

According to Roger Galatas, former President of The Woodlands Development Company and current advisor to the Boy Scouts in its evaluation of land assets and market potential, “The Camp Strake presents a unique blend of environmental value and economic opportunity in a dynamic market that embraces quality development. It offers great potential as a significant real estate asset in I-45 growth corridor extending through The Woodlands and Conroe in Montgomery County, Texas.”

Jones Lang LaSalle Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2011 alone, Jones Lang LaSalle Capital Markets completed $60 billion in investment sale and debt and equity transactions globally. The firm’s dealmakers completed $52 billion in global investment sales and buy-side transactions, equating to nearly $216 million of investment trades completed every working day around the globe. In the United States, Jones Lang LaSalle grew its total Capital Markets volumes by 122 percent in 2011 and is quickly gaining market share across all property types. The firm’s Capital Markets team comprises more than 1,200 specialists, operating all over the globe.

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About Jones Lang LaSalle
Jones Lang LaSalle (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 revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet. Its investment management business, LaSalle Investment Management, has $47.0 billion of real estate assets under management. For further information, visit www.jll.com.