REDNews May 2014 -Southeast Texas

WHERE LAND MEETS OPPORTUNITYLa Porte, Texas

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INTERNATIONAL TRADE

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WHERE LAND MEETS OPPORTUNITYLa Porte, Texas

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INTERNATIONAL TRADE

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May 2014

In this issue: LaPorte Holds Promise for Retailers

REDNews Interviews MIMCO, Inc

Retail Development & Rightsizing

Take Off Your Rose Colored GlassesFOR 100,000+ CRE BROKERS, INVESTORS & DEVELOPERS

Texas Building Resource Guide Edition

Property OverviewCo4Tenants includex Pizza Hut5 HFR Block5 Metro PCS5 and many others

Traffic Count of v95.89g per day at the intersection of Bissonnet Street and Fondren RoadNational Health Club Anchor 4 COMING SOON,

v98. Demographics 8 Mile . Mile $ MilePopulation vv5.98 vI85j9v $vj58@vNumber of HHs @5IE9 w$58jv v9v5@IEAvg6 HH Income +$v59.@ +$j5vj9 +@958@9

For Leasing InformationJennifer [email protected]$wj6vjjIjrabon@hi4reit6com

Danny Morales, [email protected]$wj6vjw@dmorales@hi4reit6com

www6HI4REIT6comvE9E Hillcroft Houston5 Texas @@9$@

j5.v$ SFSPACE

8858@9 SFSPACE

HEALTHCLUB

bissonnet

fond

ren

j5.v$ SF and 8858@9 SFFondren Road Plaza @9Iv4@9Ew Bissonnet Houston5 Texas @@9@I

JUNIOR ANCHOR SPACE AVAILABLE

La Gran Plaza4200 South Freeway, Fort Worth, Texas

GLA:

Property Type:

Sq. Ft. Offered:

Parking:

Visibility:

Daytime Population: 4,096

National and other tenants include:Burlington Coat Factory, Everest College,Cinema Latino, Ross Dress for Less

Anna’s Linens, Claires, Foot Action, Fiesta Grocery Over 3,000 retailers, restaurants, and office occupations

in the area 15 minutes to downtown Fort Worth and CBD

On the “T” bus line Fort Worth named one of “America’s Most Livable

Communities" Fort Worth 9th safest city in the United States 16th Largest city in the US Weekend and family entertainment 125,000 sf Mercado Food Court and on-site dining options Kids' Play area Located off I-35W between I-20 and I-30 Traffic Counts: 27,412 VPD

1,077,782 sf

Super Regional Shopping Center

193 - 49,800 Contiguous RSF

4,000 spaces

Interstate 35W

properTy deScripTion

AmeniTieS And AreA inFo

2013 Est.

Total Pop.

Households

Avg. HH Inc.

Hispanic

African Am.

Asian

White

3 Mi.

105,602

32,704

$31,168

57.42%

15.72%

2.75%

22.8%

5 Mi.

265,396

90,829

$35,359

45.09%

23.58%

2.23%

27.53%

10 Mi.

762,720

276,357

$42,973

36.82%

18.19%

2.69%

40.39%

www.BoxerRetail.com

Rhonda Thompson, CCIM | 817-922-8888

[email protected]

4 R E D N e w s . c o m

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Properties For Sale/Lease 1-2, 5, 7 – 9, 11, 15, 17, 19, 21, 23, 25, 27, 29, 31, 33, 35, 49, 52

Commercial ServicesEnvironmental Services 38

Moving & Relocation 49

What’s Happening in Texas CRECalendar of Events 40, 42, 44

Networking Photos 41, 43, 45

Deals & Announcements 46-48

The Gateway City: LaPorte, Texas Holds Promise for Retailers 10

REDNews Interviews MIMCO, Inc 12, 13

Texas Building Resource Guide 14, 16, 18, 20, 22, 24,26, 28,30

Retail Development eCommerce & Rightsizing 32

Mr. Developer and Mr. Banker: Take Off Your Rose Colored Glasses 34

Your Website is Like Your Car 50

PlazAmericasShopping Center7500 Bellaire BoulevardHouston, Texas

Located in Houston, TX, the 4th largest city in the US PlazAmericas offers over 100 stores

National and other tenants include:Melrose, Burlington Coat Factory, Footlocker, Foot Action, Journey’s

263,000 VPD on US Highway 59 North of Bellaire and 261,000 South of Bellaire Weekend Family Entertainment 83,000 SF Mercado Food Court and on-site dining options Kids' Play area Located between the Westpark Tollway and US 59

GLA: 637,796 sf Property Type: Regional Shopping Center Sq. Ft. Offered: 608 - 63,880 Contiguous RSF Parking: 6,000 spaces Visibility: Hwy. 59 frontage Daytime Population: 14,838

properTy descripTion

AmeniTies And AreA info

2013 Est.

Total Pop.

Households

Avg. HH Inc.

Hispanic

African Am.

Asian

White

3 Mi.

255,982

97,740

$51,041

56.73%

15.77%

9.90%

17.27%

5 Mi.

557,961

221,524

$75,741

42.33%

18.43%

10.17%

27.37%

10 Mi.

1,494,407

586,562

$80,169

36.00%

21.13%

11.28%

29.78%

www.BoxerRetail.com

Rhonda Thompson, CCIM | 713-777-1111

[email protected]

6 R E D N e w s . c o m

Dear Readers,

This issue should find many of you retail brokers at RECON Las Vegas. I hope you’re having much success making a lot of deals and wearing comfortable shoes.

We are always striving to improve the editorial content in REDNews and consistently ask readers for information that is of the most interest to them. Several developers mentioned how helpful it would be to have a “Texas Building Resource Guide” that detailed each city’s specifications, pricing and timing for getting a project approved for construction. It has proven to be a daunting task and is a work in progress. However, you’ll find the bare bones information in this issue, ie., contact information for many of Texas’ city planning/development departments. We will continue to expand and embellish the information with more details online at www.REDNews.com/guide. We also plan to print the comprehensive Texas Building Resource Guide in the November 2014 Texas RECON printed issue.

We welcome Chris King to REDNews as our Digital Engagement Director. Although Chris is new to commercial real estate, he has extensive experience in web development and digital/social media marketing. Since one of the big retail debates today relates to eCommerce and its long term effect on the size of storefronts, we asked Chris to give us a consumer perspective on eCommerce which you can read on Page 32. I spoke with Bob Ayoub and Troy Marcus with MIMCO, Inc. regarding retail development and investment and asked Bob his opinion on whether retail tenants are shrinking the size of their floor plates due to eCommerce. Bob sees the retailer’s advantage of capitalizing on eCommerce though downsizing to smaller floor plates while increasing their market presence with more locations. (See pages 12 & 13).

Have a fabulous Memorial Day Weekend!

Ginger Wheless

Pu

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’s L

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PUBLISHER

Ginger Wheless [email protected]

EDITOR Marjorie Gohmert [email protected]

STAFF WRITER Janis Arnold

CONTRIBUTING WRITERS Ray Hankamer [email protected]

Austin - Jill Rowe San Antonio - Kim Gatley

ART DIRECTOR Connie Marmolejo - [email protected]

ACCOUNTING Benton Mahaffey [email protected]

E-MARKETING/DATABASE MANAGER Jason Marshall [email protected]

DIGITAL ENGAGEMENT DIRECTOR Chris King [email protected]

SALESGinger Wheless [email protected]

Print & Digital DistributionREDNews is directly mailed each month to commercial real estate

brokers, investors & developers in the following cities /areas as well as 200+ locations throughout Texas:

Texas Brokers 7,650Texas Leasing / Tenant Rep 6,232

Texas Investors 4,979Texas Developers 4,710

Outside Texas Investors, Brokers, Developers, etc 81,577Total REDNews Distribution 105,148

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To subscribe to REDNews call 713.661.6300 or log on to www.REDNews.com/free

5959 West Loop South, Suite 135Bellaire, Texas 77401

F O R 1 0 0 , 0 0 0 + C R E B R O K E R S , I N V E S T O R S & D E V E L O P E R S

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1 0 R E D N e w s . c o m

for more information contact:scott d. livingston, 281-470-5016, [email protected]


Bob Ayoub and Troy Marcus of MIMCO, Inc. talk about their company and give their take on retail investment and the develop-ment market in today’s Texas real estate.Tell me about your company and how it was started.

Bob: The company was started in 1972 by Morris Marcus as a grocery busi-ness based in El Paso, Tex-as. It was originally operat-ed as a family-run grocery business, which grew to include small retail proper-ties. When Mr. Marcus had a heart attack he decided to sell the grocery business and focus on his real estate

investments. His sons, Meyer and Clement Marcus worked with him in the business and continued to buy small commercial properties in El Paso. Over the past 42 years, the company has grown to in-clude over 320 properties located in El Paso, Aus-tin, Dallas, San Antonio, McAllen, Fredericksburg, Brownsville, Hidalgo and Pharr, Texas as well as several holdings in Southern New Mexico.

Bob, when did you join the company?

Bob: As a commercial real estate broker I started selling El Paso real estate to Meyer & Clement around 1978 or 1979. We had family history to-gether and were good friends so after brokering properties to them for many years I came on with the company in 1992. When I started here, the company included Meyer and Clement, myself, an assistant and a couple of property manage-ment people; today we have about 35 people in the office.

Troy, what is your background with the com-pany?

Troy: By definition I became a full-time employee of MIMCO three years ago, but grew up interning in and around the company, much like my uncle and father. It was instilled in me at a very young age the responsibility of working for the family business and I was fortunate to grow up driving sites with my grandfather, father, and uncle. After spending some time working in private equity real estate in Dallas, the opportunity came up to move

to Austin and expand MIMCO’s presence outside of El Paso.

Is the company still focused primarily on His-panic markets?

Bob: A lot of our tenants are focused on Hispanic retail, but the reality is our shopping centers are in neighborhoods that cater to just about every-one, particularly in the Central and North Texas markets.

Troy: It made sense that we, having been estab-lished in El Paso, which at the time was about 70% Hispanic (today it’s closer to 84%) become focused on catering to Hispanic markets and value-orient-ed tenants.

We have found that we are able to add the most value to a real estate project by improving properties that were previously misman-

aged or neglected, as well as relying on the strong ties that we have developed with value-oriented tenants, bringing them into these newly improved spaces. This includes tenants such as Melrose, Pe-ter Piper Pizza, Big Lots, dd’s, Ross Dress for Less, Goodwill, Dollar Stores and then, of course, your local and regional grocery stores that focus on providing high quality food at low prices. An ex-ample of a recent deal is in Fredericksburg, which is only 15% Hispanic, but the shopping center was focused around demographics and tenants that we’re very comfortable with (Bealls, Dollar Tree, Goodwill, and AT&T.) We’ve done the same in parts of East Dallas, Austin, and San Antonio.

So your expansion stategy is focused on demo-graphics & value add?

Bob: Yes. The markets that we look at primarily are Hispanic focused markets, but basically we’re looking for value. We love to renovate shopping centers. We love to take an old beat-up shopping center, clean it up, fix it up and re-tenant it. As a result we’re looking at markets where those prod-ucts are available.

If a neighborhood is stable and national retailers

start expanding into the area we tend to tag on to those retailers and look for value-add centers in that neighborhood.

Are you coming out of the downturn that was experienced by the majority of the CRE market?

Bob: Because we’ve built value-oriented shop-ping centers and had value retail tenants in a lot of our centers during the downturn, our centers and tenants were able to weather the downturn pretty well.

I can tell you the biggest change for us has been that we’re looking at bigger projects and at mar-kets that we never would have looked at before. We would not have looked in Austin & Dallas 10 years ago, and now we are. With the relationships we have established across the state and having Troy in Austin to work in the North and Central Tex-as markets, we’re much more comfortable in those markets and going after much bigger projects.

Has the criteria for your retail acquisitions & retail development been influenced by Eagle Ford Shale?

Bob: The markets that we’re in haven’t seen the huge spike as a result of that. We’re not in Midland or Odessa and we’re not in the areas just south of San Antonio. We think we feel it, because we think a lot of the neighborhoods we are in are seeing their income levels move up, and the centers are staying full, and very busy. We have a sense that there are good things going on in all the markets in Texas and I think that’s related to, basically, the oil boom across the State of Texas.

REDNews Interviews MIMCO, Inc.

Bob Ayoub

Troy Marcus

You have to have management relationships or management staff in the markets that you’re going to operate in so that the centers are run efficiently and you are able to maximize their performance. - Bob Ayoub

R E D N e w s . c o m 1 3

Troy: I would say there have been two indirect re-sults that have had a huge impact on real estate in Texas. The first is the cost of construction. Given that oilfield jobs pay so well, a lot of traditional construction workers are moving into South Texas to work the Eagle Ford or moving out West to work in the Panhandle, so that shrinking labor pool is pushing labor rates and the cost of fuel and other factors are pushing material costs so as a result you have seen construction costs go up signifi-cantly .

We’ve also seen a lot of wealth created as a result of this oil boom, and this money is looking for tan-gible assets, like real estate, to invest in. Conse-quently, there is more competition in what we’re trying to buy, driving prices up in all our markets.

Do you think at some point properties are go-ing to be priced outside of the market in Texas?

Bob: Not really, I think people have a lot more op-portunities to look across the state and even across the country to find product; factors driving the markets are the availability of funds, and as long as rates are cheap and banks aren’t paying anything on CDs, people are going to be looking for alter-native investments. One of our key advantages in terms of buying and owning shopping centers is our focus on managing the product. You have to have management relationships or management staff in the markets that you’re going to operate in so that the centers are run efficiently and you are able to maximize their performance. Since we have those relationships and staffing we are able

to be aggressive in buying centers.

I do think investors will be looking around for the best places to invest. We are always looking, too, but now if we see something in El Paso, San An-tonio, Dallas, or Austin, and we know the market, and the neighborhood, we have to decide if we’re going to pay a little bit more and buy it or not. Right now there is so much competition you have to pay the price or you don’t buy.

Troy: Bob and I recently discussed a report which stated that multi-tenant retail in 2013 traded at an average cap rate 43 basis points lower than the year prior. This is interesting because in that same year we saw the 10-year treasury jump 120 basis points from 1.86% at the start of 2013 to over 3% at year-end. While not perfectly, but generally, cap rates and the 10-year treasury track each other, but this was far from the case in 2013. I believe that this 160 basis point compression in spread does a good job depicting the increase in competition in Texas real estate. Following the recession, Texas received more attention (and in turn, capital) on the national and international level than in years past, and this has driven prices up. While there is still a market out there, I do feel that the presence of out-of-state buyers is grow-ing, and their willingness to settle for lower returns is forcing us to work harder and find new ways to add value to our centers and our tenants.

Has this motivated you toward more develop-ment?

Bob: The problem with that is, you have to have the tenants ready to follow the development. Currently we’re developing two new centers in El Paso. We’re renovating in Austin, Dallas, and McAl-len and whenever there is an opportunity to buy land that we can hold for a while we also do that. But development isn’t easy and timing is criti-cal- you have to have the demand, the location, and the tenants, all in sync and ready to go at the same time, along with the capital and the fi-nancing, to make the project work- it’s the most exciting and demanding part of the business.

Troy: Given the increased competition, and in turn lower spreads, that we alluded to earlier, we are having to move up the risk-curve toward de-velopment deals to achieve the yields that we had in years past.

Bob: I don’t see interest rates going anywhere for a while. As long as the rates are going to stay low, even though construction costs are going up, ten-ants continuing to pressure developers on lease rates, and retailers changing their models and for-mats and store layouts (as they compete with the internet), there are a lot of people with the ability to borrow money who are going to build and de-velop new product to bring onto the market.

Look at what’s happening with Dodd-Frank and the pressure on the banks to get out of other forms of investments to get back to basic lend-ing. The more banks that are back in basic lending, which includes real estate lending, the more com-petition there is for loans, the more pressure there is on rates. That’s what we’re seeing. The banks are getting more and more aggressive on lending on real estate product and it’s because they’re being pushed away from their other financial products,

so when they start doing that, the competition pushes the rates down, and that is why we don’t believe interest rates will rise much and develop-ment is sure to continue.

Are you seeing your retail tenants reduce the size of their floor plates because of the inter-net?

Bob: I don’t know if that’s true or not, but I can tell you that Best Buy has unveiled smaller formats, and several soft goods retailers that we work with are talking about shrinking their format. I don’t know if they’re shrinking it solely because of the internet. They may have learned to be more ef-ficient, their product may be smaller (example: televisions), or it may be because internet sales are encroaching on their in-store sales.

Others like Wal-Mart are looking at smaller format stores because they want to compete with the Dollar stores so they are rolling out their 30,000 or 40,000square -foot stores and they’re even talking about smaller stores like 6000-15,000 sf to be able to fit in big city and infill locations. The internet is a factor, but retail is changing, so the internet is not the only factor.

What is the prediction for Texas retail in the next five – ten years?

Bob: Solid growth across the state. We’re continu-ing to attract business to Texas. We’re continuing to attract new jobs, with new people moving in at an incredible rate. I think we’re going to continue to see residential construction growth and apart-ment construction increasing, both as the result of the large growth of jobs. This will also drive office construction and the need for new industrial. But it is when residential construction goes up that there is an increase in the demand for retail and thus there will be retail construction and that in it-self creates jobs. We are extremely positive on the entire Texas market. There is just nothing that I can see on the horizon that is going to be a downside for Texas.


Texas Building Resource Guide

*This information is obtained from sources deemed to be reliable. It is limited in scope and does not include all cities in Texas. We will continue to expand and update as information is provided.

A

Allen Kurt Kasson Chief Building Official 214-509-4131 [email protected] www.cityofallen.org

Amarillo Scott McDonald, CBO Building Official 806-378-3045 [email protected] www.amarillo.gov

Angleton Karen Barclay Building Services Dept Director 979-848-5680 [email protected] www.angleton.tx.us

Arlington Steve Quirk Operations Analyst 817-459-6501 [email protected] www. arlingtontx.gov

Athens Gary Crecelius Dir Planning & Development 903-675-5131 [email protected] www.athenstx.org

Athens Michael Climer Building Inspector 903-675-5131 [email protected] www.athenstx.org

Austin Candy Coward Planning & Development Review Department 512- 978-4000 [email protected] www.austintexas.gov

Azle Greg Mitchell Chief Building Inspector 817-444-7084 [email protected] www.cityofazle.org

B

Bastrop Melissa McCollum Planning and Development Director 512-332-8840 [email protected] www.cityofbastrop.org

Bay City Marty Godley Code Enforcement Officer 979-245-0997 [email protected] www.cityofbaycity.org

Beaumont Chris Boone Community Development 409-880-3767 [email protected] beaumonttexas.gov

Bedford Russell Hines Building Official 817-952-2140 [email protected] www.bedford.tx.gov

TEXAS BUILDING RESOURCE GUIDEGetting Building Projects Permitted and Complete

Belton Erin Newcomer Planning Director 254-933-5812 [email protected] www.beltontexas.gov

Benbrook Ismael ‘Izzy’ Rivera Jr. Chief Building Official 817-249-6009 [email protected] www.ci.benbrook.tx.us Site Development Permit Cost: $100-$300 Building Permit ETA: 30-60 Days Site Development Permit ETA: 39-90 days Building Permit Cost: Over $901 ETA from Submissions through Approval to Commencement of Construction: 6-9 months Development Incentives: Yes

Big Spring Leslie Whitten Code Enforcement Staff 432-264-2504 [email protected] www.mybigspring.com

Bonham Jason Smith City Inspector 903-583-7555 [email protected] www.cobon.net Site Development Permit ETA: 30-90 days Building Permit Cost: Over $100-$300 Development Incentives: Yes

*The following directory is your guide to reaching the right contacts for regional project permitting in Texas. When provided, permit cost/timeframe is included. Look to

REDNews.com/guide for an updated digital version of this guide and a directory of regional EDCs.

Allen thru Bonham

continued on page 16

mailto:[email protected]



http://www.athenstx.org/



http://beaumonttexas.gov/



RETAIL SPACE AVAILABLE• Currently negotiating with national tenants to occupy an additional 90,000 SF.

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HOUSTON, TEXAS 77075(I-45S AT ALMEDA GENOA RD.)




Borger Kenneth Petr Director Planning & Zoning 806-273-0910 [email protected] ci.borger.tx.us

Brenham Allen Jacobs Building Official 979-337-7220 [email protected] www.cityofbrenham.org

Brownsville Evaristo Gamez, Jr. Permitting Director 956-548-6088 [email protected] www. cob.us

Brownwood Joe Roady Building Official 325-646-5775 [email protected] www.ci.brownwood.tx.us

Bryan Greg Cox Chief Building Inspector 979-209-5010 [email protected] www.bryantx.gov

Buda Chance Sparks Director of Planning 512-312-0084 [email protected] ci.buda.tx.us

Buffalo Michael Hahn Customer Service Inspector 903-322-4741 www.buffalotex.com

Burkburnett Charlie Morris Chief Building Inspector 940-569-2263 [email protected] www.burkburnett.org

Burleson Terre Diduch Building Inspector 817-426-9632 [email protected] www.burlesontx.com

Burnet John Goble Building Official & City Inspector 512-715-3216 [email protected] www.cityofburnet.com

C

Carrollton Ray Jackson Building Inspector 972-466-3217 [email protected] www.cityofcarrollton.com

Cedar Park Amy Link Planning Manager 512-401-5056 [email protected] www.Cedarparktexas.gov

Cibolo Joe Williams Senior Building Inspector 210-658-4175 [email protected] www.cibolotx.gov

College Station Bridgette George Development Coordinator 979-764-3570 [email protected] www.Cstx.gov

Colleyville Kim Roby Code Enforcement Officer 817-503-1269 [email protected] www.olleyville.com

Borger thru Colleyville




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Colorado City Rick Goodney Code Enforcement Officer 325-728-5252 [email protected] www.cityofcoloradocity.org

Conroe Michael Kirkwood Chief Building Official 936-522-3115 [email protected] www.cityofconroe.org

Converse Gilbert Durant Chief Building Official 210-658-8285 [email protected] www.conversetx.net

Coppell Michael Arellano Chief Building Official 972-304-3506 [email protected] www.coppelltx.gov

Copperas Cove Chris Stewart Planning Services 254-547-4221 [email protected] ci.copperas-cove.tx.us

Corinth Fred Gibbs Director of Planning and Development 940-498-3200 [email protected] www.cityofcorinth.com

Crockett John Erickson Code Enforcement 936-544-5156 ex 207 www.crocketttexas.org

D

Dallas Jim O’Neill (NE), Joel Cruce (NW) ,Cary Pritchett (SE) David Session (SW) Building Inspection permit center 214-948-4480 [email protected] www.dallascityhall.com

Decater Dedra Denee Ragland, AICP Director Planning and Development 940-393-0250 Development/planning/code documents available at City’s Website www.Decaturtx.org

Denison Betty Floyd Building Department 903-465-2720 [email protected] www.cityofdenison.com

Denton Zac Loiselle, C.B.O. Building Inspection Supervisor 940-349-8359 [email protected] www.cityofdenton.com

Deer Park Larry Brotherton Building Inspector 281-478-7237 [email protected] www.deerparktx.gov

Del Rio Janice Pokrant City Planner 830-774-8524 [email protected] www.cityofdelrio.com

DeSoto Edlyn Vatthauer Planning and Zoning Manager 972-230-9624 [email protected] ci.desoto.tx.us

Dickinson R.G. Reeder Planning/Zoning Commission 281-337-2489 Kevin Byal, building Inspector ci.dickinson.tx.us [email protected]

Duncanville Dennis Jobe Building Inspector 972-780-4940 [email protected] ci.duncanville.tx.us

Located on Loop 1604, the City of Converse has easy access to IH 35, IH 10 & San Antonio. We are an ideal city for living, shopping & business with proposed development sites for

Commercial & Industrial • Residential & Multi-Family • Entertainment & Recreation • InstitutionalTax abatements and incentives are being offered to qualifying business.

ConverseEDC.com • 210.659.9163

ROOM TO GROW

WE’RE GROWING PLACES

city of converse

Economic Deve lopment Corporat ion

City of Converse 2013 Municipal Leadership Award from Build San Antonio GreenCity of Converse EDC 2013 City of San Antonio Green Practitioner Award

Division 7 Solutions, Inc. HQ in Converse 2012 Technical Contributions Award from Build San Antonio Green

Colorado City thru Duncanville



http://www.crocketttexas.org/



Retail for Lease

Property Information: Located in Southwest Houston at the intersection of Chimney Rock and W. Bellfort, Houston, Harris County, TX. Major Tenants: 99¢ Store, Ace Cash Checking, Cricket, Advance Auto Parts, Dominos, South Texas Dental, Etc Demographics 1 Mile 3 Mile 5 Mile Population 15,999 156,711 436,605 Household 5,814 57,052 154,933 Avg HH Income $67,169 $65,837 $64,891 Traffic Counts 22,110 Chimney Rock North of W. Bellfort 21,540 Chimney Rock South of W. Bellfort 16,896 W. Bellfort West of Chimney Rock 31,785 W. Bellfort West of Chimney Rock Leasing Availability 2,412 - 4,050 SF 871 SF - Storage For Information: 713-681-0600 Christian Barraza Brian Ellisor [email protected] [email protected]

The information contained herein was obtained from sources believe to be reliable. However, neither the Broker nor Owner make no guarantees, warranties, or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions, prior sale or lease, or withdrawal without notice.

Red Oak Commercial 10900 Northwest Freeway, Ste. 223 Houston, TX. 77092


11 8

Suite #

Square Feet

Current Tenant

1 4,132 S. Side Tire & Auto Repair

2 1,832 Ace Cash Checking

3 1,028 Vivian Nail Spa

4 4,050 Available

5 4.050 Happy Washateria

6 1,635 Liquor Store

7 871 Available - Storage

8 30,655 99¢ Store

9 2,250 The Sameritian Furniture

10 8,821 Advance Auto Parts

11 520 Reyes Homes Insurance

12 850 Kim’s Barber Shop

13 2,214 TitleMax

14 2,941 South Texas Dental

15 1,340 Domino’s

For Information: Christian Barraza Brian Ellisor 713-681-0600 [email protected] [email protected]

Will sub-divide to 2,412 s.f.

Westbury Triangle11330 Chimney Rock, Houston TX 77035

Will Sub-Divide4,050 SF

c

Parkview West3421-3513 Spencer Hwy, Pasadena, TX 77504

Property Information: Located 2 miles west of the E. Sam Houston Tollway / E. Beltway 8, on Spencer Highway at the lighted intersection of Blueberry Ln. The Shopping Center offers high exposure and visibly from Spencer HWY and is surrounded by densely populated neighbors with close proximity to Bayshore Medi-cal Center. Major Tenants: Family Dollar, Radio Shack, Cici’s Pizza, Partners Sales & Leasing, H&R Block, Boot Mobile, Beltone, etc. Demographics 1 Mile 3 Mile 5 Mile Population 15,387 149,432 286,535 Household 5,991 48,636 94,399 Avg HH Income $50,253 $55,486 $58,832 Traffic Counts

30,050 Spencer Hwy West of Blueberry Ln. 35,570 Spencer Hwy East of Blueberry Ln.

Leasing Availability 1,244 to 2,610 SF 3,136 Restaurant Space For Information: 713-681-0600 Christian Barraza Brian Ellisor [email protected] [email protected]



For Information: Christian Barraza Brian Ellisor

The information contained herein was obtained from sources believe to be reliable. However, neither the Broker nor Owner makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions, prior sale or lease, or withdrawal without notice.

713-681-0600 [email protected] [email protected]

2,45

0

3,136 s.f.

Texa

s P

rintin

g

Foot

Mas

sage

Available2,450 SF Restaurant

Space Available3,136 SF

Available1,611 SF

Available1,244 SF

Dew

ber

ry L

ane

Blu

eberry

Lane

Spencer Highway

c

Available2,610 SF

Woodforest Shopping Center421-474 Uvalde Rd & Woodforest Blvd, Houston TX 77015

For Information: Christian Barraza Brian Ellisor [email protected] [email protected]


713-681-0600

TitleMax

Met

ro P

CS

Avai

labl

e 23

00sf

QW

Wor

ld

Party

Sup

ply

Available 4,400 s.f. End Cap

Will Sub-Divide 1,000 - 5,000 s.f.

c

Available1,200 SFAvailable

1,000 SF

Will Sub-Divide1,000-5,000 SF

Property Information: Located in the SE corner of Uvalde Rd. and Wood Forest Blvd. Houston, Harris County, TX 77015 Tenants: DD’s Discounts, Palais Royal, CiCi’s Pizza, Advance Auto Parts, Rainbow Shop, LNA Beauty Supply, QW World Party Supply, Tittle Max. Demographics 1 Mile 3 Mile 5 Mile Population 24,935 102,051 157,163 Household 8,706 31,395 47,842 Avg HH Income $61,860 $59,335 $58,162 Med HH Income $53,373 $52,332 $51,876 Traffic Counts

25,380 Uvalde South of Woodforest 21,390 Uvalde North of Woodforest 18,510 Woodforest West of Uvalde 19,423 Woodforest East of Uvalde Leasing Availability 1,000 SF - 5,000 SF For Information: 713-681-0600

Christian Barraza Brian Ellisor



North Shore High School

Available1,800 SF

Available1,800 SFAvailable

4,400 SF End Cap

Chimney Rock Central5700 Chimney Rock, Houston TX 77081

5708

Cricket Mobile

A-Best Ins

3,300

5708

Available3,300 SF

Will Sub-Divide

Chimney Rock

Property Information: Located south of West Park Tollway, in the SE corner of Chimney Rock and Glenmont, Houston, Harris County, TX. Major Tenants: La Michoacána Meat Market, Kinder-world Daycare, Hunan King Restaurant, Insurance Office, Family Medical Center. Demographics 1 Mile 3 Mile 5 Mile Population 45,511 217,358 497,829 Household 16,004 95,190 215,223 Avg HH Income $48,588 $82,542 $83,016 Traffic Counts 39,560 Chimney Rock North of Glenmont 18,700 Chimney Rock South of Glenmont 6,780 Glenmont West of Chimney Rock 5,020 Glenmont East of Chimney Rock Leasing Availability: 3,300 S.F. For Information: 713-681-0600 Christian Barraza Brian Ellisor [email protected] [email protected]

We obtained the information contained herein from sources we believe to be reliable. However, neither the Broker nor Owner have verified its accuracy and can make no guarantee, warranty, or representa-tion about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opin-ions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the

Red Oak Commercial 10900 Northwest Freeway, Suite 223 Houston, TX. 77092

c

Restaurant Space Available

HOUSTON

HOUSTON

HOUSTON

HOUSTON




E

Edinburg Diana Ramos Code Enforcement Division 956-383-7124 [email protected] cityofedinburg.com

Elgin Gary Cooke Director Planning & Development Dept. Joe Newman Economic Development Director 512-281-0119, 512-281-5724 [email protected] Elgintx.com

Ennis Mark Richarson Chief Building Official 972-878-1234 [email protected] ennis-texas.com

Euless Mike Collins Director of Planning & Economic Development 817-685-1623 [email protected] eulesstx.gov

F

Fairfield Jana Taylor City Secretary 903-389-2633 [email protected] fairfieldtexas.com

Fairview Ken Schmidt Planning Manager 972-562-0522 [email protected] fairviewtexas.org

Farmers Branch Andy Gillies, AICP Director of Planning 972-919-2534 [email protected] farmersbranchtx.gov

Farmersville Paula Jackson Assistant to the City Manager 972-782-6151 [email protected] farmersvilletx.com Site Development Permit Cost: $901+ Building Permit ETA: 30-60 Days Site Development Permit ETA: 30-90 days ETA from Submissions through Approval to Commencement of Construction: 6-9 months Development Incentives: Yes

Fate Will Rugeley Dev. Services Manager, City Planner 771-4601 [email protected] cityoffate.com Site Development Permit Cost: $901+ Building Permit ETA: 30-60 Days Site Development Permit ETA: 91-120 days Building Permit Cost: Over $901 ETA from Submissions through Approval to Commencement of Construction: 6-9 months Development Incentives: Yes

Forney Rashad Jackson Planner 972-564-7386 [email protected] cityofforney.org

Fort Worth Randle Harwood Director Planning & Development 817-392-6101 [email protected] Fortworthtexas.gov

Friendswood Frank Manigold Chief Building Official 281-996-3285 [email protected] ci.friendswood.tx.us

Frisco John Lettelleir Development Services 972-292-5300 [email protected] ci.frisco.tx.us Site Development Permit Cost: $901+ Building Permit ETA: 30-60 Days Site Development Permit ETA: 91-120 days Building Permit Cost: Over $901 ETA from Submissions through Approval to Commencement of Construction: 6-9 months Development Incentives: Yes

G

Galveston David Ewald Building Official 409-797-3620 [email protected] cityofgalveston.org

Georgetown Mike Elabarger Planning Department 512-930-3575 [email protected] georgetown.org

Gonzales Carolyn Gibson-Baros Economic Development Director 830-672-3192 [email protected] cityofgonzales.org

Edinburd thru Gonzales







FOR LEASE

MIKE FRANKOFF

713-355-4000 [email protected]

WWW.CREGTEXAS.COM

23I

TE

XA

S R

ET

AIL

RETAIL LEASE

FOR LEASE

1801 DURHAM, HOUSTON, TEXAS

• Building Size: 16,431 SF• Available Space: 1,250 SF Sandwich Shop Space• Tenants: Starbucks, Sprint, Randstad, Animal Wellness Clinic (SNAP)• Demographics: 1 Mile 3 Mile 5 Mile ‘09 Est. Population 22,968 207,237 621,593 ‘09 Avg. HH Income $48,415 $52,379 $51,035• Other locations available... call 713-355-4000 or visit our website.

MIKE FRANKOFF


WWW.CREGTEXAS.COM

8301-8371 SPENCER HIGHWAY, DEER PARK, TEXAS

• Building Size: 47,479 SF• Available Space: 900 – 6,000 SF • Tenants: Subway, Dollar General, Grand Buff et, Tandy Leather, Ralston Liquor and others. • Demographics: 1 Mile 3 Mile 5 Mile ‘09 Est. Population 8,666 62,460 144,694 ‘09 Avg. HH Income $56,725 $58,868 $55,033• Other locations available... call 713-355-4000 or visit our website.

11550 GULF FREEWAY, HOUSTON, TEXAS

• Building Size: 12,021 SF• Available Space: 2,315 SF• Tenants: Nautica Tan, Th e Fish Place Restaurant, Smoothie Factory and others. • Demographics: 1 Mile 3 Mile 5 Mile ‘09 Est. Population 12,421 100,518 247,462 ‘09 Avg. HH Income $35,871 $39,013 $40,197• Other locations available... call 713-355-4000 or visit our website.

• Building Size: 47,479 SF• Available Space: 900 – 6,000 SF• Tenants: Subway, Dollar General, Grand Buffet,

Tandy Leather, Ralston Liquor and others.• Demographics: 1 Mile 3 Mile 5 Mile

’12 Est. Population 14,520 80,272 162,094 ’12 Avg. HH Income $66,212 $84,501 $81,207

• Other locations available…call (713) 355-4000 or visit our website.

• Building Size: 16,431 SF• Available Space: 1,755 SF & 2,000 SF• Tenants: Starbucks, Animal Wellness Clinic (SNAP),

Edible Arrangements and others.• Demographics: 1 Mile 3 Mile 5 Mile



• Building Size: 12,021 SF• Available Space: 2,240 SF• Tenants: TitleMax, The Fish Place Restaurant,

Smoothie Factory, Doctor’s Office and others. • Demographics: 1 Mile 3 Mile 5 Mile



8301-8371 Spencer Highway, Deer Park, Texas

1801 Durham, Houston, Texas

11550 Gulf Freeway, Houston, Texas




Granbury Jason Vandever Chief Building Inspector 817-573-1114 [email protected] granbury.org

Grand Prairie Bill Crolley Director Planning and Development 972-237-8230 [email protected] gptx.org

Grand Saline Mary Martin Grand Saline Economic Development 903-962-5631 [email protected] grandsaline.com

Grapevine Ron Stombaugh Assistant Director Development Services 817-410-3155 [email protected] grapevinetexas.gov

Greenville Steve Methven Building Official / Code Enforcement Manager 903-457-3160 [email protected] ci.greenville.tx.us

H

Haltom City Justin French Dir of Planning and Community Development 817-222-7753 [email protected] haltomcitytx.com

Harlingen Joel Olivo Planning & Zoning Manager 956-216-5260 [email protected] myharlingen.us

Justin Betsy King Building Permits 940-648-25412541 [email protected] cityofjustin.com

K

Katy Ray Frankum Commercial Plan Reviewer 281-391-4830 [email protected] cityofkaty.com

Kaufman Marcy Ratcliff Director Development Services 972-932-2216 [email protected] kaufmantx.org

Keller Jeremy Booker Building Inspections & Permits 817-743-4115 [email protected] cityofkeller.com

Kemah Bob Cummins Mayor 281-334-1611 [email protected] kemah-tx.com

Kilgore Carol Windham Planning Director 903-988-4138 [email protected] cityofkilgore.com

Killeen Dr. Ray Shanaa Executive Director Planning and Development Services 254-501-7630 [email protected] killeentexas.gov

Haslet David Rogers Building Official 817-439-5931 [email protected] haslet.org

Hillsboro Jerry Barker Community Development Director 254-582-2119 [email protected] hillsborotx.org

Houston Patrick Walsh, P.E. Planning & Development Department director 713-837-7701 [email protected] houstontx.gov

Hurst Michelle Lazo Managing Director of Development 817-788-7092 [email protected] hursttx.gov

Hutto Gerald Marink Senior Building Inspector 512-759-3479 [email protected] huttotx.gov

I

Irving Darrell Hammond Code Enforcement Manager 972-721-3628 [email protected] ci.irving.tx.us

J

Joshua Nader Jeri Building Official/ City Secretary 817-558-7447 [email protected] cityofjoshuatx.us

Granbury thru Killeen












Walden Rd

Conroe

WALDEN PLAZAc

THE PLAZA AT WALDEN




Kyle Mario Perez Building Official 512-262-3918 [email protected] cityofkyle.com

L

Lago Vista David Harrell Development Services 512-267-5259 [email protected] lagovistatexas.org

Lake Dallas Char Dupree Community Development Director 940-497-2226 [email protected] lakedallas.com

Lancaster Steve Gilbert Building Official 972-218-1209 [email protected] lancaster-tx.com

La Porte Maria Pena Inspection Coordinator 281-470-5072 [email protected] ci.la-portetx.us

Laredo Ramon E. Chavez,P.E. Interim Director 956-794-1625 [email protected] ci.laredo.tx.us

League City Oscar Arevalo Building Official 281-554-1415 [email protected] leaguecity.com

Leander Tom Yantis Director of Development Services 512-528-2732 [email protected] Leandertx.gov Site Development Permit Cost: $501-$900 Building Permit ETA: 30-60 Days Site Development Permit ETA: 30-90 days Building Permit Cost: $501-$900 ETA from Submissions through Approval to Commencement of Construction: 6-9 months Development Incentives: Yes

Levelland John Agnew Chief Building Official 806-894-0113 [email protected] ci.levelland.tx.us

Lewisville Gillian Goldthorpe Secretary Planning and Development 972-219-33455 [email protected] cityoflewisville.com

Liberty Cassandra Gill Building inspector/Code Enforcement Official 936-334-7114 [email protected] cityofliberty.org

Lindale Sherry Foster Community Development Director 903-882-6861 [email protected] lindaletx.gov

Longview Ingrid Self Assistant Director of Dev. Services 903-237-1074 [email protected] longviewtexas.gov

Lubbock Steven Neal Building Official 806-775-2080 [email protected] ci.lubbock.tx.us

Lufkin Dorothy A. Wilson AICP Planning Director 936-633-0411 [email protected] ci.lufkin.tx.us

M

Mansfield Richard Wright Director, Development Services Department 817-276-4220 [email protected] mansfield-tx.gov

Marshall John Clark Engineering Aide 903-935-4407 [email protected] marshalltexas.net

McAllen Julia Rankin Director of Planning 956-681-1250 [email protected] mcallen.net

McGregor Mike Olson Building Official, Code Enforcement, Planning & Zoning 254-840-2806 [email protected] Mcgregor-texas.com

Kyle thru McGregor








A A Realty CoAccredited Management Organization

OFFICE/RETAIL SPACEFOR LEASE

A A Realty CoAccredited Management Organization

For more informationKenneth K.Y. Leung281.467.3535713.988.0888 [email protected]

1 2 3

Beltway 8 W

est

Westheimer Rd

Westpark Tollway

1. Woodland Park Shopping Center 11380 Westheimer, Houston 77077

• Shopping center size - 75,620 SF - Built in 1985• Retail space available (1st floor) - 1,600 SF - 4,000 SF - $13.00/SF + NNN• Aggressive lease terms• Pylon signage available• Traffic counts - 82,880 CPD (Westheimer)• +/- 592’ of frontage on Westheimer• 372 surface parking spaces available

2. Kaleidoscope 10612-10692 Westheimer, Houston, TX

• 2 blocks west of Beltway 8• 2,952 SF - 2nd floor• Excellent for retail, office or professional use

3. Park West Plaza 8989 Westheimer, Houston 77063

• 20,000+ SF Available• Up to 6,000+ SF Contiguous Space• Aggressive lease terms - $13.00/SF Gross• Generous surface parking at no charge for

open, non-reserved spaces• Card-key controlled access• Pylon signange available• On-site management• Parking ratio - 3.4/1000




Mexia Larry Brown City Manager 254-562-4110 [email protected] cityofmexia.com

Midland Jim Compton Planning Division Manager 432-685-7400 [email protected] midlandtexas.gov

Mission Daniel Tijerina Planning Director 956-580-8672 [email protected] missiontexas.us

Missouri City Gary Smith Development Services Director 281-403-8661 [email protected] missouricitytx.gov

N

Nassau Bay Mary Chambers Community Development Director 281-336-6293 [email protected] nassaubay.com

New Braunfels Shannon Mattingly Director of Planning & Community Development 830-221-4050 [email protected] nbtexas.org

North Richland Hills John Pitstick Director of Planning & Development 817-427-6300 [email protected] ci.north-richland-hills.tx.us

P

Pantego Joyce P. Stanton Community Development Director 817-617-3722 [email protected] townofpantago.com

Pearland Johnna Matthews Interim City Planner 281-652-1740 [email protected] cityofpearland.com

Pflugerville Emily Barron Planning Director 512-990-6300 [email protected] pflugervilletx.gov

McKinney Rick Herzberger Chief Building Official 972-547-7476 [email protected] mckinneytexas.org

Mercedes Michelle Leftwich Assistant City Manager / Planning Director 956-565-3114 [email protected] cityofmercedes.net

Mesquite Keith Smith Building Official 972-329-8724 [email protected] cityofmesquite.com

I ask for your support to get

RE-ELECTED

Paid for by the Danny Nguyen Campaign. Frank Hestor, Treasurer.

www.DannyNguyen.netDanny Nguyen, CCIM• International Relations & Economic Development Committee Chair • Houston Mayoral’s International Trade Development Council - Member & former

Chair - Asia & Australia • Commercial Real Estate 20 years -a proud active Broker, Investor, & Owner • Vietnamese American Chamber of Commerce - Co-Founder & Board Chair

“EXPERIENCE, DEDICATION, ENERGY, VISION, HARDWORKING, PROBLEM SOLVING & IDEAS ARE WHAT I WILL CONTINUE TO BRING TO

CITY HALL” – Danny Nguyen, CCIM

“I appreciate the Commercial Real Estate community for playing a very important role in building, developing, and creating properity for

our City. I have witnessed (and was proud to be a part ) many thousands acres with nothing on it turned into buildings, shopping centers, subdivision, commnity.”

I AM PRO-BUSINESS, PRO-GROWTH & RESPECT PROPERTY RIGHTS Jeff Wiley – CEO/President of Greater FB Economic Development Council: “Thank you Danny for you continued leadership in assisting Missouri City and Fort Bend County in economic development efforts. You have been a tremendous help with our international recruiting and outreach efforts .. to those seeking to invest or open businesses in our area.“

McKinney thru Pflugerville















Located on Main Street at the Ensemble / HCC Rail Station. 2,141 daily weekday rail boardings at this stop Located between the two largest economic activity centers in Houston, the CBD (daily workforce - 140,000) and the Texas Medical Center (daily workforce - 92,500) Next door to the soon-to-be built MATCH (The Midtown Arts

and Theater Center Houston) - See video at www.matchouston.org

Strong daytime (19,271 in 1-mile radius) and nighttime (22,109 in 1-mile radius) populations

Directly adjacent to “The Best Block in Houston” (Houston Press 2009, 2011, 2012)

This property is subject to prior sale or lease, change in price, or removal from the market without prior notice. All information containe herein was supplie from sources eeme reliable, but is not in any way warrante by the Lan lor /Owner or Lewis Property Company.

3500 & 3600 Block of Main St, Houston TX 77002

29,413 SF of New Retail 10,000 SF of Existing Retail (100% Occupied) 363 Unit Apartment Complex 773 Space Parking Garage (serving Mid-Main,

the MATCH, and surrounding land uses)

Available Space: 500 - 29,000 SF Availability Date: Summer 2015 Rental Terms: Call Broker

Retail Availability

Project Data

An Urban Infill, Mixed Use, Transit Oriented Development, Located Midway Between Houston’s Two Largest Activity Centers

Greg Lewis, CRE


Adam Williams, CCIM 713-533-4400

[email protected]

CALL FOR THIS AND OTHER INNER LOOP PROJECTS FOR SALE OR LEASE

For Retail Leasing Information Contact:

An Development

Project Attributes




Plainview Todd Kennemer Manager 806-296-1120 [email protected] plainviewtx.org

Plano Christina Day Director of Planning 972-941-7151 [email protected] plano.gov

Port Arthur Ron Burton Director of Development Services 409-983-8135 [email protected] portarthur.net

R

Red Oak Lee McCleary Economic Development Director 972-617-6831 [email protected] redoaktx.org

Richland Hills Scott Mitchell Director of Planning & Community Development 817-616-3771 [email protected] richlandhills.com

Richmond Lori Bownds Permit Specialist 281-232-6871 [email protected] ci.richmond.tx.us

Rockwall Robert LaCroix Director of Planning 972-771-7745 [email protected] rockwall.com

Round Rock Mark Remmert Chief Building Official 512-218-5550 [email protected] roundrocktexas.gov

Rosenberg Travis Tanner Planning Director 832-595-3500 [email protected] ci.rosenbert.tx.us

Rowlett Erin Jones Planning Director 972-412-6114 [email protected] ci.rowlett.tx.us

Royse City Deanna Maxey Development Services 972-524-4832 [email protected] roysecity.com

Sachse Michael Spencer Building Official/Interim Com Dev Dir 469-429-4784 [email protected] cityofsachse.com

Saginaw Kevin McMillin Building Official 817-230-0453 [email protected] ci.saginaw.tx.us

San Antonio Roderick J. Sanchez Director Development Services Department 210-207-7905 [email protected] sanantonio.gov Building Permit ETA: 30-60 Days Site Development Permit ETA: 30-90 days ETA from Submissions through Approval to Commencement of Construction: 6-9 months Development Incentives: Yes

San Benito Rodrigo Davila Planning Director 956-361-3800 ex-413 [email protected] cityofsanbenito.com

San Marcos Matthew Lewis Development Services Director 512-393-8230 [email protected] ci.san-marcos.tx.us

Schertz Michelle Sanchez Director Development Services 210-619-1750 [email protected] schertz.com

Seabrook Sean Landis Director Planning/Community Development 281-291-5707 [email protected] seabrooktx.gov

Seagoville Cindy Kintz Planning Technician 972-287-2050 [email protected] seagoville.us

Seguin Bill Couch Director of Planning 830-401-2306 [email protected] seguintexas.gov

Shenandoah Terry Golden Building Inspector 281-298-5522 [email protected] shenandoahtx.us

Plainview thru Shenandoah






















This information contained herein has been obtained from reliable sources; however, The J. Beard Company, LLC and The J. Beard Real Estate Company, L.P. makes no guarantees, warranties or representations to the completeness or accuracy of the data. Property submitted is subject to errors, omissions, change of price, prior sale or withdrawal without notice.

For all your commercial real estate needs, we’re here to point you in the right direction.LANDLORD & TENANT REPRESENTATION • SITE ACQUISITION • SALES & LEASING • REAL ESTATE CONSULTING • PROPERTY MANAGEMENT

• South side of FM 2920 between Alvin A. Klein Drive/ T.C. Jester. South of Grand Parkway, F-2 Under construction.

•8.1mi. to SH 249, Tomball & 5.5 mi. to I-45.•Utilities available through MUD 32•Proposed use: Industrial & Manufacturing

4.9880 AcresFor Sale

6753 FM 2920, Spring

• 3,498 SF building, situated on .46-acre lot.• Great location with 102’ of frontage on the

West line of Jones Road.• Located approximately .8 miles North of

HWY 290.

Freestanding Brick BuildingFor Sale

9125 Jones Rd., Houston

• 11,600 ac master-planned community by Howard Hughes Corp.

• 70,000+ SQFT Retail / Office Space for Lease, Pad Sites Available for Ground Lease/BTS

Bridgeland – Lakeland Village Center Multi-Use Development Lease & Pad Sites Available

Fry Rd., Cypress

10077 Grogan’s Mill Road, Suite 135The Woodlands, TX 77380

281.367.2220 jbeardcompany.com

• Located within 2.1 mi. North of the new Baker Hughes Western Hemisphere facility

• FF on FM 2978 & Standolind Road• Commercial and residential development

under way throughout this market area. • Five-lane road improvements on FM 2978

completed for Harris County.

4.996 Acres - For SaleHarris County

29305 FM 2978, Tomball

• Development tract with ideal uses of : Retail, Office, Medical, Residential, Senior Living

• Located at the major intersection of West Rayford Rd. & Gosling Rd.

•1,240 Feet of Frontage on Gosling Rd. per survey

48 Acres Development TractFor Sale

24818 Gosling Rd., Spring

• 4.67 ACRES – divisible, with additional .5694 acres contiguous available, additional 2.182 acres adjacent also available west of site.

• Growing Woodlands Submarket, approxi-mately 2 miles east of Interstate 45.

• Potential Uses: Auto, Fast Food, Service Sta-tion, Office.

4.67 Acres - For Sale The Woodlands Submarket

10527 SH 242, Conroe (at Needham Rd.)

•Great opportunity for future development•New apartments built 2013, south of site.• Application for utility service available through

Aqua Texas.•.48 of a mile north of Woodlands Pkwy. • Potential divide

5.79 Acres - For Sale The Woodlands Submarket

SWC Woodlane @ FM 2978, Magnolia

•Improved property on 5.726 Acres.• Improvements include: 7,500 sf; 9,200 sf

warehouse, 3,200 sf shop space, 1,900 sf office building, older residential home.

Industrial Warehouse - For Sale The Woodlands Submarket

26639 Hufsmith, Conroe-Magnolia

• 2,000-4,000 SF available• Property is located at a signalized intersection

on the southwest corner of Research Forest Drive and Technology Forest Blvd., less than 2 miles west of Interstate 45.

Technology Plaza at Research Forest, Space For Lease

4223 Research Forest Drive, The Woodlands, TX

• Up to 3,100 SF available• Great visibility & easily accessible from

FM 1488.• Extensive commercial & residential growth

makes this intersection one of the fast-est growing areas in South Montgomery County.

Powell CenterFor Lease

6315 FM 1488, Magnolia

•Various spaces available including 2nd generation restaurant space

•Site is adjacent to St. Luke’s Hospital and The Woodlands College Park High School

•Super Walmart, Lowe’s, Garden Ridge, Burlington and Kohl’s are in the immediate trade area

College Park PlazaFor Lease

3091 College Park Dr., The Woodlands

• Located in the Exxon/Woodlands growth corridor.

• Potential Uses: retail, medical/professional, restaurant, and many others.

• Convenient access to I-45 & Hardy Toll Rd.

Woodwinds Shopping CenterFor Sale or Lease - Suites A&B

285 Sawdust, The Woodlands




Snyder Vick Chambers Zoning Administrator 325-573-4959 [email protected] ci.snyder.tx.us

Southlake Ken Baker Senior Director of Planning & Development Services 817-748-8621 [email protected] cityofsouthlake.com

Stafford Chris Riggs Building Director & Zoning Administrator 281-261-3946 [email protected] cityofstafford.com

Sulphur Springs Eric Hill Assistant Fire Marshall 903-885-7541 [email protected] Sulphurspringstx.org

Sugar Land Doug Schomburg Director of Planning and Code Services 281-275-2218 [email protected] sugarlandtx.gov

Sweetwater Kirk Harris Director, Code Enforcement Office 325-236-6313 [email protected] cityofsweetwatertx.com

T

Taylor John Elsden AICP City Planner 512-352-5990 [email protected] ci.taylor.tx.us

Temple Brian Chandler Director of Planning 254-298-5668 [email protected] ci.temple.tx.us

Terrell David Denney Chief Building Official 972-551-6606 [email protected] cityofterrell.org

Texarkana Shirley Jaster Executive Director of Community and Public Works 903-798-3949 [email protected] ci.texarkana.tx.us

The Colony Mike Joyce Planning Director, Development Services 972-624-3162 [email protected] ci.the-colony.tx.us

The Woodlands Bruce Tough Chairman, Board of Directors 281-210-3800 [email protected] thewoodlandstownship-tx.gov

Tomball David Allen, CBO Building Official 281-290-1406 [email protected] ci.tomball.tx.us

V

Van Alstyne Jennifer Gould City Clerk 903-482-5426 [email protected] cityofvanalstyne.us

W

Waco Randy Childers Chief Building Official 254-750-5970 [email protected] waco-texas.com

Waxahachie Clyde Melick Director of Planning 469-309-4290 [email protected] waxahachie.com

Weatherford Randy Law, CBO Building Official 817-598-4484 [email protected] ci.weatherford.tx.us

Webster Erich Pen Chief Building Official 281-316-4131 [email protected] cityofwebster.com

Weslaco Leonardo Olivares Planning & Code Enforcement Department/City Manager 956-447-3401 [email protected] weslacotx.gov

Wharton Gwen Laney Code Enforcement/Floodplain Management 979-532-2491 [email protected] cityofwharton.com

Wichita Falls Karen Montgomery-Gagne Planning Administrator 940-761-7451 [email protected] www.wichitafallstx.gov Building Permit ETA: 30-60 Days Site Development Permit ETA: 30-90 days Development Incentives Yes

Snyder thru Wichita Falls





















http://www.wichitafallstx.gov/


LEVCOR, INC.

www.levcor.comPharr

LEASING INFORMATIONDan Smith

[email protected]

PHARR TOWN CENTEROPEN SUMMER 2015

Total SF: Approx. 8,260 square feet GLALand Size: .6349 Ac. (27,656 sq. ft.)Occupancy: 100%Tenants: Title Max, Fred Loya Insurance, Mattress OnePrice: $2,113,120.00 at 7.5% Cap RateTraffic Counts: US 59 N: Bellaire to Hillcroft = 237,000 US 59 S: Hillcroft to Bellaire = 237,000 US 59 feeder road: Bellaire to Bintiff Dr. =12,800 US 59 feeder rd: Bellaire to Larkwood Dr =12,800Key Map Page: 530H2013 Taxes: $26,869.11

Property is located adjacent to Succeed in Life Center and in front of Kiva Kitchen and Bath140 feet of great visibility and frontage along the Southwest Freeway

All Concrete Parking: 32 spaces

For Information Contact:

DAC REALTY GROUP, INC.COMMERCIAL REAL ESTATE SERVICES

7026 Old Katy Rd., Suite 303 | Houston, TX 77024Phone: 713-973-2100 | Fax: 713-973-2166 | www.dacrealty.com

For Sale 8,260 SF - Larkwood Plaza

• Located on the Northeast Corner of Southwest Freeway and Larkwood Drive

• Property is located adjacent to Succeed in Life Center and in front of Kiva Kitchen and Bath.

• 140 feet of great visibility and frontage along the Southwest Freeway

• All Concrete Parking: 32 spaces

Location: 7085 Southwest Freeway Houston, TX 77074

Total SF: Approx. 8,260 square feet GLA

Land Size: .6349 Ac. (27,656 sq. ft.)

Traffic Counts*:

Key Map Page: 530H

Occupancy: 100%

Price: $2,113,120.00 at 7.5% Cap Rate

2013 Taxes: $26,869.11

Tenants: Title Max, Fred Loya Insurance, Mattress One

This information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction to suitability of the property for your needs. This property is subject to prior sale, change in price, or removal from the market without notice. All information shown in this proposal, while based upon information supplied by the owner and other sources deemed to be reliable, is not in any way warranted by DAC Realty Group, Inc.

7085 Southwest Freeway Houston, TX 77074

For Information Contact:

Don A. Czarneski [email protected]

Natali Czarneski [email protected]

DAC Realty Group, Inc. 7026 Old Katy Rd., Suite 303

Houston, TX 77024 Phone: 713-973-2100 Fax: 713-973-2166

www.dacrealty.com

DAC REALTY GROUP, INC. COMMERCIAL REAL ESTATE SERVICES

*2011 Average Daily Traffic Counts

US 59 N: Bellaire to Hillcroft = 237,000

US 59 S: Hillcroft to Bellaire = 237,000

US 59 feeder road: Bellaire to Bintiff Dr. =12,800

US 59 feeder rd: Bellaire to Larkwood Dr =12,800

Statistics

FOR SALE 8,260 SF - Larkwood Plaza7085 Southwest Freeway - Houston, TX 77074

Located on the Northeast Corner of Southwest Freeway and Larkwood Drive

c

Don A. [email protected]

Natali [email protected]

Commercial Real Estate Brokerage Firm

ATASCOCITA

Greenberg & Company

Contact Broker: David Greenberg - [email protected]: 713-778-0900 Fax: 713-782-74455959 Richmond Ave., Houston TX 77057

Retail Space Available Richmond @ Hwy 6 Westheimer @ Dairy AshfordWestheimer @ Gessner

Under Construction50 % Pre-Leased

Space Available: 3,005 SF & 1,195 SF

2808 Highway 6NET-NET-NET

Anchored by Home DepotDunkin’ Donuts Coming

Space AvailableSuite 1A - 1,200 SFSuite 3 - 1,700 SF

9703 WestheimerAvailable Early 2015

Retail/Bank/Medical/Drive ThruPRIME HARD CORNER

Space Available4,433 SF

Single Tenant Use Only

12602 WestheimerNET-NET-NETAmple Parking

PRIME HARD CORNER

Space AvailableSuite C - 1,093 SFSuite D - 1,535 SFSuite E - 4,657 SF

8201 W. Sam Houston Pkwy

Major Intersection/Hard Corner


by Chris King REDNews

Retail Development eCommerce & Rightsizing Who is the new anchor for the modern retail strip?

Definition:

right•size

‘rīt sīz/verbgerund or present participle: rightsizing

1. convert (something) to an appropriate or optimum size.

2. “organizations are beginning to rightsize computer systems to suit themselves”

As the new Digital Engagement Director for RED-News I’ve decided to “literally” be engaging and ask a bunch of questions that perhaps might spur you, our wonderful readers, to give us your opin-ion. Opinions, we all seem to have them. Ques-tions are a good start for me as I am a veteran in the digital marketing world but am just getting my feet wet in CRE. One trending topic that keeps popping up in my inbox regards rightsizing.

Experts have been telling us recently, due to competition with e-commerce and new develop-ments in logistics, retail businesses must change the storefront’s footprint to compete. They must “rightsize” and do things like embrace e-com-merce in the store.

What does it mean to rightsize? The concept of rightsizing is catchy but like every other catchy phrase it can only be understood by its application and intent. A simple Google search brings back:

So, what is an appropriate or optimum size? Does rightsizing refer to a standard looking strip mall filled with a Mini-Target, Mini-Kroger, StarBucks and a BestBuy the size of a Radio Shack? How small is the right size? As with any true answer to any dumb question it is all relative.

I’m reminded of the Bruce Kirsch article, “Why The Regus Executive Suites Business Model Will Never Work For Retail” wherein Mr. Kirch argues that a multi-tenant variant of pop-up retailing using the same concepts being implemented in shared

executive offices would create an unruly, unprof-itable flea market of sorts, when developed in a standard retail footprint.

Because, who is coming to the table on this? We’ve seen fast food have great results with putting a Pizza Hut, Taco Bell, Long John Silvers, etc.. all in one building. Will the big boys play ball and stick a rightsized Penny’s, Macy’s and Gap all under one smaller roof? Would they sit beside a mom and pop pizza shop or hair dresser? Or would the “complexity of the mini-leases and the possibly constant re-marketing of the unoccupied spaces” be worth it to the building owner.

The upstart of commercial retail success, in the last decade, has been the dollar store. Stick a dollar store on cheap property and they thrive, hopeful-ly. You can still sell development of a dollar store. They may not epitomize the rightsizing effect but they may be a big source for the kernel of the idea. Dollar stores are popular because they give peo-ple quick access to basic necessities closer to their home. They aren’t the consumer’s first choice, and they seem to be having more lasting success in deep suburbia and rural areas than in urban ones.

Is the current state of our strip center occupancy reflecting the consumer’s first choice? An argu-ment can be made for a drug store being able to anchor a strip and encourage higher-end retail to thrive, say a coffee shop, specialty sports store or hair salon. But what happens when the biggest store on the block is a no-credit wireless phone dealer? What if the traffic to that wireless phone center makes the strip less appealing to the soc-

cer moms who were frequenting the little bou-tique tennis shop? Does the long term success of a dollar store, that fills forty percent of a property, trump the empty space or perhaps less than desir-able tenanting in the remaining sixty percent? Can a dollar store share a corner with a dentist’s office or with a rightsized Nordstrom?

From my own experience, I rarely find a single re-tail center catering to more than one of my needs. I most often drive miles between strip malls to go to one type of store and then another farther down the road. I am often uncomfortable with some of the shops I wind up parking near. If my Taekwondo teacher is housed next to a check cashing place or my barber is between a package store and a head shop, I start to consider different options. But alas, that choice isn’t often available.

So what is my interpretation of rightsized?

I imagine a rightsized clothing store in a small retail space not much bigger than a Subway with a sam-ple of each line in limited sizes. Large flat screens would be available that use virtual technology to let you see yourself wearing the clothing with the ability to change colors or other optional features. Press a button, run your card and come back in a day or two to pick it up. The sales associate could become more of a personal style assistant with the full line always available to them for suggestion. When your purchase arrives you can try it on right there in the store and return it if it doesn’t suit or the size is wrong. Inventories can remain low. De-livery could be free for in-store pickup and having the customer return to the store increases their satisfaction with the products and the opportunity for the vendor’s accessory sales. And of course the neighbor shop would be an Einstein’s and maybe one of those Mini-Bestbuys.

So what would be a perfect store for, say the mil-lennials? Perhaps a half size Whole Foods, a full size coffee shop/juice bar with outside seating and room for a small band, a mini Target and a Sushi place all tied together with asphalt and covered sidewalk?

What do you think? Share your opinion and continue this discussion with us at www.rednews.com/rightsize.

Rachel S. Grant7887 San Felipe Suite 122,

Houston, TX 77063Phone: 713-789-3133

Cell: [email protected]

Ella Blvd.

FM 1960

EAGLES LANDING

EAGLES LANDING

NORTH FOREST

GLEN ABBEY

WOODFALLSCOURT

VANDERBILTPARK AT KIRKSTALL

QUAIL CHASE

PLAZA AT AIRTEX-ELLA

BLUE ASH

WOODS OF KUYKENDAHL

Kuykendahl Rd.ABBEYABBEY

WOOWOODCOCO

FM 1FM 1

NORTH FORESTNORTH FOREST

VAND RB LTVANDERBILT

QUAIL CHASQUAIL CHASE

PLAZA AT A RT X-PPPLAZA AT AIRTEX-E

OF KUYKENDAHLS OF KUYKENDAHL

Ella Blvd.Ella Blvd.

GLES LANDINGGLES LANDING

YY

DFALLDFALLSOURTOURT

WOODWOODS

AGLES LANDINGEAGLES LANDING

AGEAG

KuKuyky endahl Rd.

Kuyky endahl Rd.KSTALLRKSTALL

I-45

Tract 2Tract 1

Rachel S. Grant7887 San Felipe Suite 122,

Houston, TX 77063Phone: 713-789-3133

Cell: [email protected]

Ella Blvd.

FM 1960

EAGLES LANDING

EAGLES LANDING

NORTH FOREST

GLEN ABBEY

WOODFALLSCOURT

VANDERBILTPARK AT KIRKSTALL

QUAIL CHASE

PLAZA AT AIRTEX-ELLA

BLUE ASH

WOODS OF KUYKENDAHLKuykendahl Rd.ABBEYABBEY

WOOWOODCOCO

FM 1FM 1

NORTH FORESTNORTH FOREST

VAND RB LTVANDERBILT

QUAIL CHASQUAIL CHASE

PLAZA AT A RT X-PPPLAZA AT AIRTEX-E

OF KUYKENDAHLS OF KUYKENDAHL

Ella Blvd.Ella Blvd.

GLES LANDINGGLES LANDING

YY

DFALLDFALLSOURTOURT

WOODWOODS

AGLES LANDINGEAGLES LANDING

AGEAG

KuKuyky endahl Rd.

Kuyky endahl Rd.

KSTALLRKSTALL

I-45

Tract 2Tract 1

Tract 1• 1,136 FF on Kuykendahl Road | 5.69 Acres

Tract 2• 529 FF on Kuykendahl Road | 9.92 Acres

• Great visibility on heavily traveled Kuykendahl Road• Located in dense residential area just west of I-45• +/- 400’ Northwest of Ella Boulevard, Houston, Texas• Zoning: None• Utilities: HC MUD #399• Key Map: 372B

Asking Price: A: $5.50 PSF; B: $5.50 PSF

15.62 Acres Ready FoR Retail, oFFiceMedical oR industRial developMent


RAY HANKAMER Hankamer & Assoc, Broker, Houston Contr ibut ing Wri ter

HOUSTONCOMMERCIAL BUZZ

Mr. Developer and Mr. Banker: Take Off Your Rose Colored Glasses

Stop drinking the abundant Kool Aid which is co-piously flowing in the commercial real estate (CRE) community.

We are at “that” time in the cycle where tardily conceived and built projects may exacerbate the oversupply problem which always results from over-exuberance.

The best time to start a project was just after the recovery began, not well into the recovery like we are now.

Luncheon speaker after speaker in all the CRE seg-ments repeats the same joyous news these days: “We have never seen it like this!” “It has never been better”. “There is no sign of overbuilding”.

Developers are telling themselves that although land is priced (too) high, they better buy it anyway since “tomorrow it will only be more expensive”.

Uh, wait a minute.

Money is the mother’s milk of CRE development. If developers can get money, they will develop. Money in the form of debt (first mortgage and mezzanine) and equity are readily available and interest is cheap by historic standards.

What is the conclusion a rational mind must draw? Development will only stop when money runs out. When will money run out? When buildings stop filling up at the rental and occupancy rates which developers promised their partners and lenders.

Let’s go back in history to the early 1980s when a euphoria similar to what we are seeing today reigned. By the mid-‘80s, the drivers of that boom were slacking off, and at the same time lots of late product was just entering the pipeline. When that product finally hit the market, oversupply was locked in for years to come.

Big, new, shiny class A office towers opened and there were no tenants to occupy them. None. Owners panicked and started offering conces-

sions: six months free rent…then a year free rent…and then, yes, two years free rent on a five year lease.

If the office tenant would agree to pay market rates starting in twenty-four months, then it could have free occupancy now for two years. All over suburban Houston small tenants who were on shaky financial footing themselves began break-ing their existing leases in perfectly good, slightly older buildings, and, sometimes sneakily over the weekend or in the middle of the night, vacating their current building for the shiny new ones.

When the old landlord discovered the move-out and threatened legal action, the tenant dared him to sue: “Go ahead. We are almost broke and we had to do this to survive.” It was a tale repeated over and over until the new building filled up with no immediate rental income and the older build-ings fell into high vacancies, non-profitability, and foreclosure.

The same scenario played out in retail and hotels, where first the innkeepers offered free drinks at check-in to retain a dwindling number of guests. Then it was free breakfast (which remains to this day in many hotels). Then many hotels offered free breakfast, drinks AND a dinner coupon at check-in: anything to retain the guest without caving in on rental rates. Then rental rates finally caved, and perfectly good almost new hotels started “going

back” to the lenders.

From the early ‘80s to the mid and late ‘80s hotel occupancy in Houston dropped from the 70% range to the 40% range and stayed there for five years, and it is safe to say that most hotels went back to the lenders in one way or another, as did banks, bank holding companies, and many other forms of CRE. It was CRE Armageddon, not CRE euphoria!

That is the scenario, folks. It happened once be-fore when Houston’s developers drank too much of their own Kool Aid.

So-do we have a “canary in the mine shaft” dur-ing this current boom which portends problems ahead? Our boom is based on oil & gas discovery. How are things going in the Permian Basin market, and the smaller Eagle Ford play, from the stand-point of hotel stays, which are usually a good “ca-nary” for business activity?

Revenues in the small towns in the Eagle Ford such as Cotulla, Carizzo Springs, and Cuero remain trending sharply up. Freer is sharply down. But in the huge Permian Basin, total market hotel rev-enues in Midland and Odessa have stopped trend-ing up and are flat, 2012 to 2013. Remember: not only is the Permian Basin home to upstream activity, but it is a huge junction of pipelines carry-ing petroleum products from the wellhead to the eventual user.

Those commercial real estate projects which are open or under construction now may serve to bring supply and demand into equilibrium.

Those which are just on the drawing boards or in the final stages of pre-development may be the projects which will bust equilibrium down the road, and shove all performing real estate into desperate straits.

Think twice about starting a new project at this stage of the cycle.


LAND

/CHU

RCHE

S FO

R SA

LE Multi-Purpose Facility w/housing 15402 Sellers Rd. - 7,000 SF ...................................................... $275,000

NW Houston Church 10225 Woodedge - 20,000 SF. ......................... ............. ...... ... $1,100,000

Miracle Life Church International 9930 Aldine Westfield - 3,200 SF. .............................. ... ....... ..... $275,000

3.9 Acres 7225 Bellfort Avenue ............................................. SOLD ............. $174,500

Miracle Christian Fellowship 16310 Chimney Rock - 15,000 SF ........................ SOLD ............. $855,000

Multi-Purpose Bldg 710 College St. - 7,200 SF .......................SALE PENDING ............. $650,000

Religious Facility in South Houston Beaumont St. @ Illinois - 11,800 SF ........SALE PENDING ............. $799,000

Baytown Campus/Training Center Facility (Income producing property) 301 Ilfrey ..................................................................................$3,400,000

Pasadena Church 4444 Vista Rd. - 46,000 SF ....................................SOLD ..........$1,200,000

Aldine Christian Church 2233 Aldine Mail Rte. - 10,500 SF .........................SOLD ............. $499,000

International Church Realty(713) 541-4005

www.internationalchurchrealty.com

Office/Medical & Retail Space Available Off of Highway 6 - Five minutes from IH-10 and the Energy Corridor

16,104 SF Retail/Flex/Medical Space - 16205 Keith Harrow

31,128 SF Office/Medical Space - 16209 Keith Harrow• Two-story building - First floor has a

waiting area with reception window, multiple large, open work areas, public restrooms, multiple kitchenettes and a large commercial kitchen.

• 254 spaces of parking on-site; 1.5 acres land.

• Building naming rights allowed.

• Flexible Space - Could be retail or medical.

• Open space with restrooms & bay doors/loading docks.

• Electronic signage on Keith Harrow.

4% Commision to Tenant Rep!Additional 1% Bonus on Deal Done by June 1, 2014

Kevin MorganK Morgan Real Estate Services [email protected]

(832) 492-9486

Rental Rate: $14 SF/Year

Rental Rate: $13 SF/Year

Commercial Tracts Available NWC Spencer Highway @ Bay Area Blvd, La PorteLocated in TIRZ District

New single family developments underway

Spencer Hwy

Sens

Rd

225146

Corner Tract: 6.7 Gross, 5.6 Net Acres

554 frontage Spencer Hwy-seven lane

384 frontage Bay Area Blvd-four lane

Offered at $8.35 PSF Net

West Tract: 5.9 acres

946 frontage Spencer Hwy

300/220 feet depth

Offered at $6.50 PSF Net

Property Description: Two tracts separated by pipeline easement, both zoned General Commercial, all utilities and detention available, both tracts in TIRZ District-potential development reimbursement.Not in 100 year flood plain. New home development abutting north.

Traffic Counts:17,500 VPD Spencer Hwy

Bay Area Blvd continued widening to Frwy 225, 1.7 miles, funded/engineered, scheduled completion 30 months, will be major traffic increase.

Demographics: Residential Day Time Avg. HH Income 1 Mile 3,795 5,767 $60,990 3 Mile 28,922 15,648 $72,306 5 Mile 65,637 25,640 $75,755

Ken Schick, Broker512-264-9218

RESIDENTIAL UNDER CONSTRUCTION

CORNERTRACTWEST TRACT

Bay Area B

lvd

.

(713) 789-7060 www.hankamer.comBrokers: Ray Hankamer, Jr., Pablo Szub,

Sergio Ortiz, Jamie Irvinee-mail: [email protected] • [email protected]


HANKAMER& ASSOCIATESBROKERS, L.L.C.

Hospitality Consulting Services

40 Years Experience AsDeveloper | Owner | Operator

Offering Properties & Hotel Consulting

.

(713) 789-7060 www.hankamer.comBrokers: Ray Hankamer, Jr., Pablo Szub,

Sergio Ortiz, Jamie Irvinee-mail: [email protected] • [email protected]


HANKAMER& ASSOCIATESBROKERS, L.L.C.


40 Years Experience AsDeveloper | Owner | Operator


40 Years Experience As Developer, Owner & Operator

Brokers: Ray Hankamer, Jr. [email protected] Szub [email protected] Ortiz [email protected] Irvine [email protected]

(713) 789-7060 • www.hankamer.com

PROPERTIES AVAILABLE• Beach Lots - Gilchrist• Hotel, Condo, Retail Site - Cruise Terminal - Galveston• Freeway Sites - I-20 - Monahans• 30 Acres - Commercial/Rail Serviced - Tomball• I-45 Huntsville 12 Acres - Residential/Commercial - HuntsvilleContact: Ray Hankamer

• Hotels - Statewide Contact: Sergio Ortiz

Website & Newsletter

Bridging the Gap Between Traditional Print Advertising and Digital Media

Welcome to

Print | Online | Mobile

• New Responsive Design

• Mobile Friendly Listings Get Noticed

• The Scoop on Commercial Real Estate in Texas

• CRE Calendar of Events/Photos

• Share Your Latest Deals

• Your Print, Digital & Email Marketing Source

Morgan Moliver, Client Services Manager

Mobile 817 821 [email protected]

For details on how your due diligence can affect your transaction, call us at

800 419 8881 or visit

www.PhaseEngineering.com.

Full range of nationwide professional environmental

services including:

Phase I and Phase II ESAsAsbestos • Mold• LeadStormwater Compliance

Wetlands• PCAs

Melanie Edmundson, P.G., Principal


As of December 30, 2013, the Environmental Protection

Agency (EPA) approved the new Phase I Environmental Site

Assessment (ESA) ASTM E 1527-13 standard for All

Appropriate Inquiries (AAI) Landowner Liability Protections.

Phase Engineering’s Phase I reports comply with the EPA’s ESA requirements.

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services including:


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services including:


Wetlands• PCAs











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services including:


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What’s Happeningin CRE Texas

The following pages contain a calendar of Texas CRE events, networking photos and deals/announcements. For more of the above, log on to

REDNews.com. We update CRE news and events every day!

EVENTS • NETWORKING • DEALS • ANNOUNCEMENTS


Central / South Texas Au s t i n | S a n Anto n i o | R i o G ra n d e Va l l e y

Austin

BOMA ................................................................................ www.bomaaustin.org

CBA Austin ...........................................................................www.cbaaustin.com

CCIM .................................................................................... www.ccimtexas.com

CREW .................................................................................www.crewaustin.com

CTCAR ................................................................................ www.ctcaronline.com

IREM.................................................................................... www.iremaustin.org

RECA .................................................................................. www.recaonline.com

ULI ........................................................................................ www.austin.uli.org

San Antonio BOMA San Antonio .....................................................www.bomasanantonio.orgCCIM ........................................www.chapters.ccim.com/sanantoniosouthtexasCREW .........................................................................www.crew-sanantonio.orgIREM.............................................................................www.iremsanantonio.orgIREP........................................................................................... www.irepsa.comRECSA ............................................................................www.recsanantonio.comSABOR ........................................................................................ www.sabor.comSIOR (South Texas Chapter) ........................................................... www.sior.com

For a complete list of monthly events, visit their website

For more information onCALENDAR OF EVENTS

log on to

Email your events to:[email protected]

Event dates are based on each organization’s typical monthly schedule which is subject to

change. Please verify each event with the related organization.

Sunday Monday Tuesday Wednesday Thursday Friday Saturday

22

4

13 17

19 20 23

14

5

18 21

11 16

76 8 9

21

12 15

10

25

24

3

May 2014

26 27 28 29 30 31

CORENET & CREW San Antonio Joint Luncheon – Dr. Mark G. Dotzour, Chief Economist and

Director of Research 11:30am – 12:55pm

CCIM Central Texas CI 102: Market Analysis

8:30am – 5:30pm


8:30am – 5:30pm CTCAR

Property Information Exchange & MCE in Marble Falls

11:00am – 4:00pm CCIM Central Texas

Happy Hour 5:00pm – 7:00pm


8:30am – 5:30pm CREW Austin Dine Around

11:30am – 1:00pm Real Estate Council of Austin

Art Shop/Auction 5:00pm – 7:00pm

ICSC RECon Las Vegas ICSC RECon Las Vegas CTCAR MCE Course – TREC Legal Update

9:00am – 12:00pm IREP San Antonio

Monthly Luncheon 11:00am–1:00pm

BOMA San Antonio Luncheon

11:30am – 1:15pm IREM Austin IYP Icebreaker

5:30pm – 7:30pm Real Estate Council of Austin

Networking Happy Hour 5:30pm – 7:00pm

BOMA Austin CREST Toastmasters Meeting

11:30am – 12:30pm

ICSC RECon Las Vegas


8:30am – 5:30pm IREM Austin Spring Social

5:00pm – 7:00pm CTCAR Networking Cruise

6:00pm – 9:00pm

BOMA San Antonio BOMA Open Golf Tournament

8:00am – 5:00pm CCIM Central Texas

What’s New in CI 102? 9:00am – 11:00am

SABOR TREC Ethics MCE

1:00pm – 4:00pm

CCIM Central TexasCrawfish Boil and Picnic

2:00pm – 6:00pm

BOMA Austin, CBA, CCIM Central Texas, CREW Austin, CTCAR, IREM, RECA & ULI Joint Event with CRE Organizations Power Luncheon – Peter Park, nationally renowned

Master Urban Planner 11:15am – 1:00pm

BOMA Austin BOMI Environmental Health

and Safety Issues 6:00pm – 9:00pm

CTCAR Property Info Exchange 7:30am – 9:00am

CBA Austin Golf Tournament 11:30am – 8:00pm

BOMA Austin CREST Toastmasters Meeting

11:30am – 12:30pm

SABOR REALTOR Builder New Homes Bus

Tour & Expo 7:30am – 1:30pm

CREW Austin 8th Annual CREW Careers

12:00pm – 4:00pm

CREW Austin CREW Careers Winners Day

12:00pm – 4:00pm

Commercial Organization Contacts - Dallas | Fort Worth

Calendar of Events


Au s t i n | S a n Anto n i o | R i o G ra n d e Va l l e y

Networking For more networking photos, log on to www.REDNews.com | Send your networking photos to [email protected]

CREW Austin – During their March Luncheon, attendees took part in an activity during the event called, “Speed Networking”. Attendees at the CREW Austin “Speed Networking” activity.

Eric Layne, CCIM (left) presents Michael Buls with 2013 Past President Plaque at the Central Texas Commercial Associa-tion of REALTORS (CTCAR) March Luncheon

Kristie Harrison, Mike Harrison, Yolanda Flores and Joanna Arreguin.

Susie Wallis with Keynote Speaker Spencer Levy and Cheryl Pyle.

Cherie DeVries Short and Marshall Davidson, Jr.

Teresa Corbin and Kim Ghez.

CREW Austin – During their March Luncheon, attendees took part in an activity during the event called, “Speed Networking”. Attendees at the CREW Austin “Speed Networking” activity.

Connie Phillips and Andra Adame.Mike Halverson and Valerie Kelly.

IREM San Antonio President James Stewert and Charlie Malmberg, who received his CPM pin and certification for March 2014.

Panelists at CREW San Antonio’s 21st Annual Real Estate Forum.

Alma Picon, Aileen Velasquez, Robyn Fields and Lyndsay Walbran.

CREW San Antonio’s 21st Annual Real Estate Forum

CREW Austin March Luncheon

IREM San Antonio “Anything on a Stick” Event

CTCAR March Luncheon IREM San Antonio


“Commercial Lease Analysis, Comparison & Lease vs Own”

9 hours of MCE - Course #09-00-035-25248 - Provider #0287 Instructor Cliff Bogart, CCIM

www.ctcaronline.comCTCAR

Visit www.ctcaronline.com for pricing & registration info

COMMERC IAL

commercial real estate women

2014 SponsorshipPackages now available!

Is your company looking for exposure and recognition in the commercial real estate industry?

SPONSORSHIP OPPORTUNITIESSTART AT $750.

Visit the CREW-Dallas.org website for more information or call the

CREW o�ce at 214.890.6490

North Texas D a l l a s | Fo r t Wo r t h

BOMA Dallas....................www.bomadallas.org

BOMA Fort Worth ..... www.bomafortworth.org

CCIM .................................... www.NTCCIM.com

CREW Dallas ....................www.crew-dallas.org

CREW Fort Worth....................www.fwcrew.org

GFWREC ................................www.gfwrec.com

IREM Dallas ....................www.irem-dallas.org

NAIOP.....................www.northtexasnaiop.com

NTCAR ....................................... www.ntcar.org

SCR .......................................... www.scr-fw.org

SIOR ........................................... www.sior.com

SW Corenet ........ www.southwest.corenetglobal.net

TREC .................................. www.recouncil.com

ULI ..............................www.northtexas.uli.org



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ULI North TexasULI National Professional

Development Seminar7:30am – 5:00pm

Greater Ft. Worth RE Council 3rd Annual Golf Tournament

honoring Scott Walker 11:30am – 4:00pm

NTCAR Young Professional

Up Close and Personal with Marc Meyers 5:30pm – 7:30pm

BOMA Ft. Worth - Real Estate Investment & Finance Course

5:30pm – 8:30pm

ICSC RECon Las Vegas ICSC RECon Las Vegas CREW Dallas Monthly Luncheon 11:30am – 1:00pm

IREM Ft. Worth Ranger Game Day 1:05pm – 4:00pm


5:30pm – 8:30pm

The Real Estate Council of Dallas Runoff Election

All Day

NTCAR Young Professional Event

8:00am-12:30pm

Society of Commercial REALTORS Ft. Worth Monthly Breakfast

7:30am – 9:00am BOMA Ft. Worth - Real Estate Investment & Finance Course

5:30pm – 8:30pm

CREW Ft. Worth Golf Classic

11:30am–7:00pm

NTCAR MCE: Broker Responsibility + Legal & Ethics

2-Day Course 8:30am – 6:30pm

NTCAR MCE: Broker Responsibility + Legal & Ethics

2-Day Course 8:30am – 3:30pm


ULI North Texas YLG Networking Reception

5:30pm – 7:30pm

BOMA Dallas TOBY Mock Tour & Panel

Discussion 10:00am – 1:00pm

NTCARSouthern Sector Industrial

Virtual Tour 7:30am – 9:30am

BOMA Ft. Worth Monthly Luncheon 11:30am – 1:00pm

Southwest CoreNet Global Southwest Golf Experience

1:30pm – 8:00pm

IREM Dallas Monthly Luncheon 11:30am – 1:00pm

CREW Ft. Worth Monthly Luncheon 11:30am – 1:00pm


5:30pm – 8:30pm

ULI North Texas Signature Event

7:30am – 11:00am

Commercial Organization Contacts - Dallas | Fort Worth

Calendar of Events


Networking

Society of Commercial REALTORS March 26th Breakfast Meeting

North Texas CCIM’s March Luncheon

CREW Dallas March Luncheon

For more networking photos, log on to www.REDNews.com | Send your networking photos to [email protected]

Dan Wright, 2014 SCR Chairman Bill Makens, Fort Worth Mayor Betsy Price and Sherry Matina with the Greater Fort Worth Association.

Mac Miles, Guy McCollum and Lee Nicol.

The March luncheon featuring Terry Montessi, founder and CEO of Forth Worth-based Trademark Property Company, was sponsored by Republic Title of Texas. Attendees included MaryBeth Shapiro, Early Davis, CREW President Michelle Hudson, Bo Feagin and Vicki Summerall.

Speaker Michael Dardick, President and CEO of Granite Properties, at North Texas CCIM’s March Luncheon

North Texas CCIM President Brad Crumpecker, Ralph Bullard, who was honored as a long time sponsor of North Texas CCIM and North Texas CCIM Director Debi Carter.

Amber Wimberly, Gene Jolley, Allison Thompson and Becky Eaton, CoStar.

Norma Crow, Steve Fithian and Robin Francis-Baker.

The chairs of the 2014 CREW Dallas Golf Classic attended the March meet-ing and sold raffle tickets and helicopter ball tickets to members and guests. Shown (left to right) are Cathy Kuebler, co-chair, Kari Walker, Chair and Liz Allen-Knight, CREW board of directors.


Southeast Texas Ho u s to n a n d Vi c i n i t y | G a l ve s to n

AMA.....................................www.amahouston.netACRP ..................................................www.acrp.orgBACREN .......................................www.bacren.comBOMA ................................www.houstonboma.orgCCIM ...................................www.ccimhouston.orgCoreNet ...............www.houston.corenetglobal.orgCREAM .......................................www.creamtx.comCRE ......................................................www.cre.org

CREN ................................. www.crengulfcoast.comCREW .................................. www.crewhouston.orgFBSCR ..............................................www.fbscr.comGreater Houston’s CC ..................... www.ghwcc.orgGreater Houston Partnership ..... www.houston.orgHOLBA ............................................ www.holba.orgHRBC .................................www.houstonrealty.orgIREM ....................................www.iremhouston.org

NAIOP ................................www.naiophouston.orgO’Connor & Associates ............www.poconnor.comHREC ............... www.houstonrealestatecouncil.orgSIOR .....................................www.siorhouston.comULI ......................................... www.houston.uli.org



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IREM Houston Networking Happy Hour Event

5:00pm – 7:30pm

CREAMTXMonthly Luncheon – Robert D.

Tanner, Port of Houston Authority11:00am – 1:00pm

ACRP Cocktails/Networking Event

5:30pm – 7:30pm

GHWCC Conference for Women 7:30am – 4:30pm

IREM Houston Monthly Luncheon 11:30am – 1:00pm O’Connor & Assoc. Monthly Luncheon 11:30am – 1:00pm

ICSC RECon Las Vegas ICSC RECon Las VegasFBSCR Monthly Meeting

8:00am – 9:00am Retail Solutions ICSC RECON

Cocktail Party at LINQ in Las Vegas6:00pm – 9:00pm

ULI Houston Monthly Luncheon 11:30am – 1:00pm

Houston BOMA EXPO 2:00pm – 7:00pm

CCIM/Appraisal Institute Crawfish Boil

5:00pm – 8:00pm

GHP Luncheon 11:30am – 1:30pm

CREN Gulf Coast Happy Hour

5:30pm – 8:00pm

NAIOP Dinner with the Icons

5:30pm–9:30pm


HRBC Monthly Breakfast 7:00am – 8:30am

BACREN Monthly Luncheon 10:30am – 1:00pm

CREN Gulf Coast Monthly Breakfast 7:30am – 9:00am

CREW Houston CREW Careers Day 8:00am – 3:00pm

CREN Gulf Coast Monthly Luncheon – Ted Nelson,

Newland Communities 11:00am – 1:00pm

IREM Houston MPSA Four Day Course

8:30am – 5:00pm

Houston BOMA RPA/FMA Course 8:00am – 5:00pm

CREW Houston Monthly Luncheon 11:00am – 1:00pm


8:30am – 5:00pm

Houston BOMA RPA/FMA Course 8:00am – 5:00pm

ERJCC Golf Tournament 11:00am–5:00pm


8:30am – 5:00pm

Houston BOMA RPA/FMA Course 8:00am – 5:00pm Houston CORENET

Educational Program 11:30am – 1:00pm

AMA Houston Hispanic and Asian Millennials

8:00am – 10:00am IREM Houston MPSA Four Day Course

8:30am – 5:00pm Houston BOMA RPA/FMA Course

8:00am – 5:00pm CCIM Houston Monthly Luncheon

11:30am – 1:00pm

IREM Houston CPM Certification Exam

8:00am – 12:00pm

Your real estate deserves real management.Count on a CPM® professional to deliver real results.

To find a CPM®

in your area, visitwww.irem-dallas.org

For optimal returns on your real estate portfolio, turn to a CERTIFIED PROPERTY MANAGER® (CPM®).

A CPM® has:Demonstrated experience in building value Pledged commitment to the highest ethical standardsProven expertise in maximizing returns

CPM®

IREM AUSTIN PRESENTS ETH800 -Ethics for the Real Estate Manager

September 10th, 2013, 8:00am – 5:00pmFor more information and registration

visit iremaustin.org

www.iremaustin.org • 512-301-3311

Contact Ginger Coleman at 713.783.0297or [email protected] /www.ccimhouston.org

CCIM Course ScholarshipsCI 101, CI 102, CI 103, CI 104

or CCR & Exam

Available to current Houston/Gulf CoastCCIM Chapter Members

Networking Educat ion Technology

Commercial Organization Contacts - Houston and Vicinity | Galveston

Calendar of Events


Ho u s to n a n d Vi c i n i t y | G a l ve s to n

Networking For more networking photos, log on to www.REDNews.com | Send your networking photos to [email protected]

Guest speaker Ric Campo at the CREW Houston April Luncheon - Impact of Super Bowl 2017 on Houston.

Elaine Howard, Yi Xue, Laurie Baker at the CREW Houston April Luncheon - Impact of Super Bowl 2017 on Houston.

Annette Nichols, Esau Liu and Rebecca Kingma at the CCIM April Luncheon.

IREM Houston Leaders past and pres-ent Jeff Burck, CPM, Janie Snider, CPM and Victor Vacek, CPM enjoying the April Luncheon.

IREM Young Professionals networking at IREM Houston’s April Luncheon.

March 101 Elevators Classroom: Kris Haller with Fujitec leads IREM Hous-ton’s educational class.

Vince Calicchia, Karyn Jackson Ste-phens, C.R.E.A.M. TX President and Commissioner James Noack, Montgom-ery County Precinct 3, Keynote Speaker at the C.R.E.A.M TX April Luncheon.

Melanie Edmundson and Waylon Themer at the CCIM April Luncheon.

Patsy Fretwell, Art Troescher and Don-nie Chang at the CCIM April Luncheon.

Keynote speaker John Burns discusses national trends in the U.S. housing industry at the April 1, 2014 Urban Land Institute Houston Suburban Marketplace Conference.

Lynne Humphries (far right) moderates the April 1, 2014 Urban Land Institute Houston Suburban Marketplace Confer-ence panel “Suburban Strategies of Users and Investors” with (l to r) Tony Avila, Michelle Riley Brown, John Frere, and Scott McClelland.

Laurie Baker, Ric Campo, Sallie Sargent (Super Bowl Host Committee) at the CREW Houston April Luncheon - Impact of Super Bowl 2017 on Houston.

IREM Houston Luncheon

CREW Houtson April Luncheon

CCIM Houtson April Luncheon

UIL Houston Suburban Marketplace Conference

IREM Houston Educational Class C.R.E.A.M. TX April Luncheon


ANNOUNCEMENTS & DEALS DONECENTRAL/SOUTH TEXAS (AUSTIN/SAN ANTONIO AREAS) Log on to REDNews.com for daily updates

INDUSTRIAL Austin (LEASE) – Illumitex leased 25,609 SF in Expo 6, a single-story indus-trial building within Expo Business Park located at 6301 E. Stassney Ln. Will Nichols and Sam Owen of Stream Realty Partners represented the landlord, Clarion Partners.

El Paso (LEASE) – Iron Mountain Information Management Llc leased 21,500 SF at 11500 Rojas Drive. JLL represented the tenant, and Bill Caparis, SIOR of CBRE El Paso represented the landlord, BRE/ELPS Industrial Lp.

LANDSan Antonio (SALE) – Guardian Leasing, Inc. purchased 114.965 acres in San Antonio. Steves Rosser of DH Realty Partners, Inc. represented the seller, CDDR Properties, Inc. .

MULTI-FAMILYAustin (SALE) – Avesta Communities purchased Anderson Springs Apart-ments, a 325-unit multifamily property at 1901 E. Anderson Ln. The apartment complex will be rebranded as Avesta Agave Falls.

Austin (DEVELOPMENT) – Aspen Heights will break ground on a high-rise multifamily project at the northeast corner of West 8th and Nueces Streets this summer. The 196-unit complex will be named Aspen Heights and is expected to be finished by the first quarter of 2016. Rhode Part-ners is the architect, and J.E. Dunn Construc-tion Group Inc. is the general contractor.

San Antonio (SALE) – A buyer purchased Northwood Apartments, a 110-unit property at 8315 N. Vandiver. The apartment complex was marketed by San Antonio Commercial Advisors, an independently owned member of the Cush-man & Wakefield Alliance.

OFFICEAustin (SALE) – Westmount Realty Capital purchased a 13 building portfolio within Braker Center, totaling 546,984 SF at 11100 & 11212 Metric Boulevard & 2205 Braker Lane. Jack Fraker, Josh McArtor, Jonathan Bryan and Heather McClain Venegoni of CBRE represented the sellers, Granite Properties and Endeavor Real Estate Group.

Austin (SALE) – DivcoWest purchased The Avallon, a 318,000 SF five-building office property located at 10415 & 10431 Morado Circle and 10814 Jollyville Road. Eastdil Secured represented the buyer, and Aquila Commercial LLC will handle the leasing.

Austin (SALE) – Clarion Partners purchased Las Cimas IV, a 138,000 SF five-story Class A office property located at 901 South Capital of Texas Highway. HFF represented both the buyer and the seller, KBS Capital Advisors.

Round Rock (DEVELOPMENT) – Mark IV Capital plans to break ground on The Summit II at La Frontera, an 82,000 SF building this summer. The new of-fice space would be the first Class A office space in Round Rock. Robert Shore of Don Quick and Associates represented Mark IV Capital in the preleasing of Summit II.

Austin (LEASE) – Cross Texas Transmission, LLC leased 15,927 SF at 1122 South Capital of Texas Highway. Will Douglas, CCIM, SIOR and Ace Schlame-us of CBRE Austin represented the tenant, and Will Stewart and Luke Wheeler of Transwestern represented the landlord, Aslan IV Austin, LLC.

RETAIL/RESTAURANT San Antonio (SALE) – Inland American purchased Westover Marketplace Shopping Center, a 242,664 SF retail center located at the intersection of Loop 410 and Highway 151. The Class A power center is 93.4% occupied and tenants include Target, Lowe’s and Toys R Us/Babies R Us. Chris Cozby and Chris

Gerard of CBRE Dallas and Kevin Holland of CBRE Houston repre-sented the seller, Coventry Real Estate Advisors, and Graham Ket-chum, Gene Williams and John Wright of CBRE San Antonio represented the seller in leasing Westover Marketplace.

Pflugerville (LEASE) – IHOP leased 52,889 SF in Stone Hill Town Center at SH 130 and SH 45. Lauren Brunner and Greg Stanislawski of Retail Strategy Real Estate Group represented the tenant, and Rebecca Le and Josh Fried-lander of NewQuest Properties represented itself.

Uvalde (SALE) – A New York-based developer purchased a 41,000 SF multi-tenant property off East Main Street. Todd Moore and Jim Gibson of Stan Johnson Company’s Houston office represented the buyer and the seller, a pri-vate investor.

ANNOUNCEMENTS Prominent Austin real estate attorney Steve Drenner and his team formed Drenner Group PC, a new real es-tate-focused boutique law firm. The firm will specialize in land use, entitlement issues and incentive requests.

David Glasscock has joined CBRE’s Dallas office and will continue to focus on urban in-vestment properties. Glasscock will represent private equity on office, retail, multi-housing proj-ects and land development.

Matt Pohl has joined HFF’s Aus-tin office as the director focus-ing on multi-housing investment sales tranascations in central Texas. Pohl has more than seven years of commercial real estate experience, including extensive experience bro-kering B and C assets in central Texas.

Blake Sheppard has joined CBRE as the Associate Direc-tor of San Antonio’s property and facilities management op-erations. Sheppard will lead a staff responsible for 3.4 million

square feet of Class A office, retail and industrial proper-ties.

David Glasscock

Matt Pohl

Blake Sheppard

Steve Drenner


ANNOUNCEMENTS & DEALS DONENORTH TEXAS (DALLAS/FT. WORTH AREAS) Log on to REDNews.com for daily updates

INDUSTRIAL DFW Airport (DEVELOPMENT) – Jack-son-Shaw has begun the initial phase of Parc Royal, a new business park near the Dallas/Fort Worth International Air-port that will total 70 acres and more than 1 million SF in space. Currently, Jackson-Shaw is constructing a 30-acre, 511,500 SF building at Royal Lane in Irving and is expected to be completed at the end

of the year. Jackson-Shaw is partnering with GID Investment Advisor LLC for the project. Texas Capital Bank is financing the project, and Mycon General Contractor Inc. is the general contractor. Blake Kendrick of Stream Realty Partners will oversee the leasing.

Arlington (LEASE) – Williams-So-noma Inc leased a 821,502 SF prop-erty at 4900 Sherry St. Tom Pearson and Chris Teesdale of Colliers Inter-national represented the tenant, and Dave Anderson of CBRE represented the landlord, Exeter Property Group.

Grand Prairie (DEVELOPMENT) – Stream Realty broke ground on RiverPoint Commerce Center, a 603,000 SF industrial development within the Great South-west Industrial Park. The two-building project is scheduled to be completed early in the fourth quarter of this year. J.P. Morgan Asset Management partnered with Stream Venture and Cannon Green and Matt Dornak of Stream Realty will oversee the leasing of the project.

Dallas (SALE) – Panther Investments LLC purchased a five-building portfolio in the Valwood and East Brook-hollow submarkets. The portfolio has 303,420 SF of space with local, regional and national tenants.

LANDDFW Airport (SALE/DEVELOPMENT) – NRP Group purchased a 10-acre tract of land near Dallas/Fort Worth International Airport for a new 300-unit apartment complex. Construction on the apartment complex is expected to being by the summer of this year.

MULTI-FAMILYFort Worth – (SALE) – A local partnership purchased Candle Chase Apart-ments, a 116-unit apartment complex at 4805 Altamesa Boulevard. Al Silva of Marcus & Millichap’s Fort Worth office represented the buyer and the seller, Tim-ber Chase Apartments, LLC.

OFFICE (DEVELOPMENT/LEASE) – Crescent Real Estate Hold-ings, LLC will break ground on McKinney & Olive, a new 530,000 SF complex that will sit on a 3.1 acre site at 2021 McKinney Ave. The 20-story building will be the tallest build-ing in Uptown Dallas and is expected to be completed in 2016. Clarke Pelli Architechts designed the building that will seek LEED Gold certification. Crescent has already signed prestigious law firm Gardere Wynne Sewell LLP to a 15-year lease, as they plan to occupy 109,000 SF.

Grand Prairie (DEVELOPMENT) – Crow Holdings Industrial, an affiliate of Dallas-based Crow Holdings, began construction of Wildlife Commerce Park, a 220-acre business park that will total 2.8 million SF of industrial space in nine buildings. Construction has begun on a 315,000 SF warehouse, the project’s initial phase, near Interstate 30 and Belt Line Road and is expected to be com-pleted in July. O’Brien Architects, Halff Associates, Pritchard Associates, RPMx Construction, TBG Partners and Alston Construction are all working on the Grand Prairie development.

Richardson (SALE) – Stream Realty represented an affiliate of Wells Fargo Bank in the purchased of a 3-story building totaling 180,000 SF at 3300 Renner Road. Jamie Jennings, Keith Fisher and James Mantzurains of Stream Re-alty facilitated the transaction.

Euless (SALE) – Hangover Opportunity Fund LLC purchased a 70,111 SF of-fice/warehouse space at 1101 Pamela Drive. Theron Bryant of Coldwell Banker Commercial Alliance DFW represented the buyer, and Allen Gump of Colliers International represented the seller.

RETAIL/RESTAURANT Little Elm (SALE) – Dunhill Partners purchased Little Elm Towne Crossing (LETC), a 170,000 SF shopping center located at the northwest corner of Eldorado Parkway and FM 423. Major tenants in-clude Hobby Lobby, 24 Hour Fitness, Hibbets Psorts and Baskin-Robbins. Robert Grunnah and Darrel

Hurmis of Henry S. Miller represented the sellers.

Carrollton (SALE/DEVELOPMENT) – New Quest Properties purchased and plans to re-develop Carrollton Town Center, a 154,000 SF retail center at the southeast corner of President George Bush Turnpike and Old Denton Road. The shopping center will soon be anchored by a 50,000 SF 99 Ranch Market. Eric Deuillet of Structure Commercial brokered the deal between NewQuest and the seller, Trinity/Denton II Ltd.

ANNOUNCEMENTS Cameron Colvill has joined Colvill Office Properties as a leasing representative in their Dallas office. Colvill will work with the marketing and leasing team responsible for Chase Tower, a 1.3 million SF, 55-story trophy tower owned and managed by Hines REIT.

Michael Doherty has joined Lin-coln Harris CSG as Vice Presi-dent in their Dallas office. With more than 14 years of experience, Doherty will provide transaction services and strategic marketing for owned and leased properties.

Eric Padilla and Alex Coe have joined the Cresa Dal-las office. Eric Pa-dilla, who boasts 25 years of indus-try experience, will be senior vice president of proj-ect management. Alex Coe will join Cresa as a senior advisor and will be tasked with strate-gic lease negotia-

tions, acquisitions and dispositions on behalf of corporate clients.

David Tuttle has joined Keller Williams Commercial as director of the Office Group. In his new position, Tuttle will focus on office investment sales transactions in the North Texas market.

Cameron Colvill

Michael Doherty

David Tuttle

Eric Padilla Alex Coe

ANNOUNCEMENTS & DEALS DONECENTRAL/SOUTH TEXAS (AUSTIN/SAN ANTONIO AREAS) Log on to REDNews.com for daily updates


INDUSTRIAL

Houston (DEVELOPMENT) – Data Foundry Inc. broke ground on a 350,000 SF data center that will model the flagship 250,000 SF Texas 1 data center in Austin. Houston 2 Center is being developed in phases, and the first phase will be a 120,000 SF building that is expected to be completed in the first quarter of 2015.

Houston (SALE) – Industrial Property Trust, Inc. purchased Century Distribution Center, a 149,000 SF distribution facility lo-cated at 10511 Kipp Way. Prime-Source Building Products Inc., a distributor of building materials in North America, leased the entire building.

Stafford (SALE) – A 30,000 SF industrial property at 12910 and 12914 Mula Lane was purchased. Gus Lagos and Nik Kapetanakis of Marcus & Millichap’s Houston of-fice exclusively marketed the prop-erty on behalf of the seller, a limited liability company.

LANDBaytown (SALE) – East Houston Properties, LLC purchased a 4.14 acre site for a medical facility at the 2200 Block of Rollingbrook Dr. Claire Sinclair Gavrel of Claire Sinclair Properties, LLC represented the seller, Massoud Bastankhah.

ANNOUNCEMENTS & DEALS DONESOUTHEAST TEXAS (HOUSTON AREA) Log on to REDNews.com for daily updates

MULTI-FAMILYHouston (SALE) – An affiliate of Harbor Group International, LLC purchased Westchase Creek, a 456-unit apartment complex at 3000 Woodland park Drive. Located in Houston’s Westchase District, the property was renovated in 2012-2013. HFF’s debt placement team led by Cortney Cole and Will Crawley rep-resented the buyer, and HFF Investment sales team led by Craig LaFollette, Todd Stewart, Todd Marix, Tre Banks and Chris Curry represented the seller, Allen Harrison Company.

Houston (DEVELOPMENT) – Austin-based developer, Oden Hughes broke ground on Parkside Place, a 384-unit apartment complex at FM 290 and Kuyk-endahl Road. The complex, which is set to open in 2015, is four miles away from the Exxon Mobil Campus.

Pearland (SALE) – Inland Real Estate Ac-quitistions, Inc. purchased Shadow Creek Ranch, a 370-unit apartment complex at 2500 Business Center Drive. The Class a complex sits adjacent to Shadow Creek Ranch, a master-planned community. Ryan

Epstein of CBRE represented the seller, McCann Realty Partners.

Houston (SALE) – Cornerstone Investment Properties purchased Chancellor Apartment complex, a three-story, 167,630 SF apartment complex at 311 Par-ramatta Ln. The 224-unit complex is located in Houston’s Kingwood-Harris sub-market. Gregory Austin and Chip Nash of Hendricks-Berkadia represented the seller.

OFFICEHouston (SALE) – SG Cypress Real Estate Ventures purchased Centre at Cy-press Creek, a complex in the former HP Compaq Computer Campus. The of-fice and industrial complex totals 465,716 SF – two 220,622 SF buildings at 20465 and 20475 SH 249 and a 245,094-flex industrial/office property at 11777 Compaq Center Dr. Coventry Investment Group Inc. and Coventry Realty Advisors consulted SG, and HFF marketed the proeperty of behalf of the seller, Principal Real Estate Investors.

Houston (SALE/DEVELOPMENT) – Amegy Bank bought a 4-acre site at 1716 W. Loop South to be used as its new 350,000 SF Houston corporate headquar-ters, with construction set to being in the fall of 2016. Currently, Micro Center occupies the site, until it opens their new location near the 610 Loop and US 59 later this year. Hines is the development/project manager, Pickard Chilto, Ken-dall Heaton and Gensler are the architects and Cushman & Wakefield served as Amegy’s commercial real estate broker.

Houston (SALE) – PM Realty Group purchased the Chase Bank Building, a 136,698 SF boutique office property at 2900 Weslayan St. in Houston. Located in the Greenway Plaza/Galleria submarket, the property was renovated in 1999 and tenants include JP Morgan Chase and Octia Corp. Dan Miller and Trent Agnew

of HFF coordinated the disposition on behalf of the seller, LNR Property Corp.

Houston (DEVELOPMENT) – Piedmont Office Realty Trust broke ground on Enclave Place, a Class A office development that will be located in Houston’s Energy Corridor. The building will sit on a 4.7 acre site and is expected to be completed by June 2015. Colvill Office Properties will be assigned the leasing, Gensler is the architecture, PM Realty Group will handle project management and Tellepsen Builders will handle the construction.

RETAIL/RESTAURANT Houston (SALE) – Myoung Cho purchased a 13,000 SF former Walgreens on 58,140 SF of land at 13606 Kuykendahl. Mark Davis of Davis Commercial Real Estate represented the seller, S-T Properties.

ANNOUNCEMENTS Marc Vecchio has joined Boxer Property as a director of operations. Vecchio will oversee and manage daily op-erations and property management in the greater Hous-ton area.

Cresa Partners, the largest ten-ant representation firm in North America, announced the addi-tion of three new employees. Jay Nowlin has joined Cresa as Prin-cipal to help open an office in The Woodlands. Sandy Fishlock, JD, CCIM has joined Cresa as a Se-nior Vice President in the Houston office. Grant Mehlhoff has joined Cresa as a Marketing Associate and will focus on brokerage sup-port.

Houston-based Transwestern was recognized by the Environmental Protection Agency (EPA) and awarded the 2014 ENERGY STAR Partner of the Year – Sus-tained Excellence Award for its continued leadership in sustainability practices and reducing overall energy con-sumption at its managed properties. This is the 11th con-secutive year that a commercial real estate firm has been recognized for this award.

Jay Nowlin

Marc Vecchio

Sandy Fishlock


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ACRP ...........................................................40BACREN .......................................................40Boxer Retail ................................................3, 5Caldwell Companies ......................................17CCIM Central Texas .....................................44CCIM Gulf Goast ............................................40CCIM North Texas .........................................42Center Real Estate Group ............................. 21CHC Investments, LLC ..................................23City of Converse ...........................................18City of La Porte .................. 1-SE Texas, 10, 11Copperas Cove EDC ..................................... 16C.R.E.A.M. .....................................................40CREN ...........................................................40CREW Dallas .................................................42CREW San Antonio .......................................44CTCAR ........................................................ 42DAC Realty Group, Inc. .................................31Danny Nguyen ............................................... 26Fox Properties ................................................15GHWCC ..........................................................51

Greenberg & Co. ...........................................31

Hankamer & Associates ................................35

Hartman Income REIT .....................................2

International Church Realty ...........................35

IREM .............................................................40

Ken Schick ....................................................35

KMorgan Real Estate Services ......................35

LandPark Commercial .....................................7

Levcor, Inc. ...................................................31

Lewis Property Company ...............................27

MIMCO Inc. ......... 1- Central/South/North Texas

Move Resource Group ...................................49

Phase Engineering, Inc. ................................38

R. S. Hart Commercial ..................................33

Red Oak Commercial .....................................19

TAO Interests, Inc. ........................................49

Tarantino Properties, Inc. .............................8,9

The J. Beard Real Estate Company, L.P. ..........29

The Richland Companies ..............................52

ADVERTISERINDEX

CLASSIFIEDSINDEX

“During our move, Move Resource Group was able to set us up in our new office with zero downtime for our company, which saved us from losing revenue that would have resulted from fewer working days. Move Resource Group is worth every penny!”

- Jenette W., Cinco Energy Services

281-205-7956 Moverg.com

23,722 S.F. CORNER - PRICE REDUCED!

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TAO Interests, Inc. - Broker Tim Opatrny (713) 621-9841

www.taointerests.com [email protected]

WestOaksMall

Richmond AveCaseta Dr

• $350,000 $250,000 ($9.70 PSF)• Below Market• Seller Financing• 157’ Westheimer Rd x 150’ Caseta Dr• Restricted against gas, C-store, cigarette, liquor, beer, wine, auto and truck sales• All Utilities


LASTPAGE

If you own a business, then your website is like your car. What you drive and how you take care of it says a lot about you. And, if you don’t have a car – well, that can ruin prospects for you. The same can be said for business owners who do not have a website, or for owners whose current site is more dysfunctional than their in-laws at Thanksgiving. This article will outline why it is important for a company to have their own website. Here are some tips to make sure you are fully reaching your intended audience.

Cost – It’s less expensive than you might think. Some people may assume that the costs to have, run and maintain a website are too high, and there is not enough value to justify those costs. However, that is not the case.

Increased Credibility – One way to help your business grow is for it to be recognized by potential clients and business partners. One way to help with that is by having branded emails. A branded email is where the employees of that company’s email domain are their company name. For example, if Joe Smith’s commercial real estate firm is called Primetime Real Estate, his email address could be [email protected].

A study by Verisign, the registry for .com and .net and network infrastructure operator for a variety of other domains, found that 91% of companies believe that having a branded email makes a

company more credible – however, only 54% of companies actually use a branded email.

Increased Visibility – Many firms who do not have an online or social media presence acquire a lot of their business from referrals. Having a website will increase your customer base. Potential clients want to be able to do their own research without having to pick up the phone or leave the house, especially when comparing your business to your competitors. Company bios that give a background of what you’ve accomplished as well as client testimonials are great examples to put on your website.

A potential client may feel better able to relate to you or may feel more comfortable about doing business with you once they are able to see glowing reviews about your service. Posting fresh content that is relevant to your company and industry can also help. It shows potential clients your authority in the industry and serves as a positive reinforcement for using your service.

All Day, Everyday –Your website is available 24 hours a day, 7 seven days a week, 365 days a year – something you cannot personally do. Your website is there when contacting you directly is not an option.

Below are simple tips to ensure you have a good website:

Appearance and Functionality – Your website needs to work and look professionally created. If there is no clear branding (no company logo, 12 different colors, etc…) and if your website moves at a snail’s pace, it may turn off potential clients. Remember, your website says a lot about your business – to a potential client, your website’s appearance is a direct reflection of your company’s services, so make sure it looks good and works.

The Who/What/Where/Why/How – Your website must deliver a clear message of who you are, what services you can provide, where you are established, why someone should use you and how they can get in touch. Make sure each

of these questions is quickly and thoroughly answered in a clean and professional way.

Mobile Friendly – Your website has to be mobile friendly. It should be as easy to navigate and read on a phone or tablet as it is on a desktop computer. There are a growing number of people using mobile devices to browse the Internet.

Not only are they using their mobile devices to browse the internet, the study also concluded that 34 percent are only using their mobile device to browse the internet – a trend we can expect to continue. On a computer, you may have a solid website, but if your company’s website is slow, unresponsive and difficult to read on any mobile or tablet device, you will be missing out on potential clients.

Having a solid, aesthetically pleasing website will help with your company’s brand and credibility. It acts as a base telling clients who you are and what services you can provide, as well as a means to connect with you on social media. All of that is much more affordable than you may think.

Sources:

“Small Business: Extracting More From An Online Presence.”.Forbes. Roger Kay. Web. 30 Sept. 2013.

“More Americans Using Phones As Primary Source of Internet.” NY Daily News. AFP RELAXNEWS. Web. 17 Sept. 2013.

by Jason MarshallREDNews

Your Website is Like Your Car

Having a solid, aesthetically pleasing website will help with your company’s brand and credibility.



Sixth Annual Greater Houston “No Limits” Conference for WomenWednesday, May 14, 2014 - 7:30 am to 4:30 pmRoyal Sonesta Hotel - 2222 West Loop South

Conference SpeakersDr. Jennifer Ashton, Host of “The Doctors.’” and “Good Morning America” health expert

Barbara Glanz, Author/Speaker/Consultant, Barbara Glanz Communications, Inc.Christy Haubegger, Founder & Editor “Latina Magazine”

Dr. Mae Jemison, Former NASA Astronaut, President,The Jemison GroupLaurie A. Tucker, Co-Founder/Chief Strategy Officer, Calade Partners LLC,

Former Senior Vice President, Corporate Marketing, FedEx ServicesGindi Eckel Vincent, Counsel at ExxonMobil, Author of Learning to Lead,

President of Women’s Energy Network

Breakthrough WomenRhonda Arnold, Director of Community Relations, Houston Airport SystemBeverly Babcock, Vice President, Corporate Financial Services, ExxonMobil

Kim Bates, Vice President - Asia Pacific/Middle East, ExxonMobil Exploration CompanyEmma Cochrane, Vice President - Asia Pacific/Africa, ExxonMobil Gas & Power Marketing Company

Janet Coy, Vice President, Natural Gas Marketing, Enbridge, Inc.Elizabeth Killinger, President, Reliant, an NRG Co.

Maria Rios, President & CEO, Nation WasteAlicia Smith, President & CEO, Innovative Legal Solutions

Dr. Mary Ann Wilkins, Senior Vice President & Commercial Development Officer, Stewart National Title ServicesCarlecia Wright, Office of Business Opportunities, City of Houston

Pamela Wright, Owner, Wright Pawn & Jewelry Co.

Conference PanelistsDana Ardi, Corporate Anthropology Advisors, AuthorJohn Beddow, Publisher, Houston Business Journal

Cindy Bigner, Senior Director - Global Diversity & Inclusion, HalliburtonMonica Haas, VP, External Affairs, Sempra US Gas & PowerCrystal Maggelet, CEO & President, FJ Management Inc.

John Sharp, Chancellor, Texas A&M SystemLisa Simon, President, MFT Interests GP, LLC

Visit www.ghwcc.org to register














Cindy Bigner, Senior Director - Global Diversity & Inclusion, HalliburtonMonica Haas, VP, External Affairs, Sempra US Gas & PowerCrystal Maggelet, CEO & President, FJ Management Inc.

John Sharp, Chancellor, Texas A&M SystemLisa Simon, President, MFT Interests GP, LLC















Cindy Bigner, Senior Director - Global Diversity & Inclusion, HalliburtonMonica Haas, VP, External Affairs, Sempra US Gas & Power

Crystal Maggelet, CEO & President, FJ Management Inc.John Sharp, Chancellor, Texas A&M SystemLisa Simon, President, MFT Interests GP, LLC


5909 West Loop South, Suite 135, Bellaire, Tx 77401

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