LOCATION:

The property is located at the southeast corner of IH 35 and Georgetown's Inner Loop Road. The Intersection serves as the main access to the south and eastern Georgetown residential areas, the historic district and the main business district.

ROAD IMPROVEMENTS:

The intersection of Inner Loop and IH-35 connects the southern and eastern parts of the county to the Interstate. A four-lane divided boulevard is complete through the tract, allowing traffic to flow through the development and easily access the Inner Loop Road or the Interstate. County Road 116 has been realigned to better serve the site. As a result of the realignment, a prime 7.5-acre frontage lot on IH-35 is available.

The western leg of the Georgetown Inner Loop from Highway 29 to IH-35 at the south side of Georgetown is under design with the City of Georgetown offering participation with TXDOT to speed up the construction phase.

A north-bound service road, exit and entrance ramp design is approved by TXDOT and the Federal Highway Administration which will further improve ingress and egress. Diagrams of this design is available in the Informational Brochure. IH-35 has six lanes providing improved north and south traffic flow.

SURROUNDING DEVELOPMENT AND AREA OVERVIEW:

This prime corner is at the mid-point between a new 1,100-acre golf course residential development in North Round Rock, known as Teravista, and downtown Georgetown.

Teravista is an 1,100-acre golf residential development located a short distance south of Clearwater Crossing. The development surrounds an 18-hole championship golf course and community recreation center. The master-planned community is being developed by Newland Communities.

Commercial development in the area includes several recently built and planned automotive dealerships, such as Don Hewlett Chevrolet, Hewlett Volkswagen, Barrett Mitsubishi, Beasley Volvo, Texas Chrysler, Beasley Mazda, Mac Haik Ford, and a new Mercedes dealership.

Approximately three and one-half miles north of Clearwater Crossing is the Rivery retail development, that includes a Super Wal-Mart and a Home Depot.

Simon Properties is currently working through the permitting process with the City of Georgetown to develop approximately 830,000 square feet of retail/commercial space at the southwest corner of IH-35 and State Highway 29. Simon also has a site 1.5 miles south at Chandler Road and IH-35 scheduled to open Fall of 2005. Scott and White hospital plans to open Phase 1 in December 2004.

Employers with in one mile are Xycarb Ceramics, Manitowoc, Texas Electric Cooperatives, Chatsworth Products and Texas Crushed Stone.

PROPERTY DESCRIPTION:

Clearwater consists of 114 acres of commercial/mixed use property. The northwest boundary fronts on 3,000 feet of IH 35 and 1,100 feet fronting on Georgetown's Inner Loop Road. The property is essentially level, sloping down very gently to the north. IH 35 is raised going south providing excellent visibility of the entire site.

ZONING:

Only the front 500 feet, along IH 35, of the development is in Georgetown City limits. All of the property is zoned Industrial or Commercial (C-3). Most of the development is outside of the city limits and is not applicable to zoning in Texas.

The entire development falls within a wet zone for alcohol.

UTILITIES:

Available on site.

TRAFFIC VOLUME:

88,000 cars per day on IH 35 pass this site according to TXDOT 2001 traffic counts.