Oldham Goodwin's Commercial Quarterly | 3rd Quarter 2017

COMMERCIAL QUARTERLY 3rd Quarter | 2017

FROM OLDHAM & GOODWIN

OLDHAM GOODWIN has grown exponentially since we started

this publication, thanks to our clients, investors, employees and stakeholders.

To reflect our growth, we completely redesigned our Commercial Quarterly, which features more content and less clutter.

In the all-new Commercial Quarterly, we highlight achievements of our divisions, while still showcasing properties for sale and lease, and recent transactions carried out by our best-in-class team of brokers.

As you explore the pages of our Commercial Quarterly, from investments and brokerage, to management and development, we are confident you will see all that Oldham Goodwin can do for you.

Casey Oldham Chairman & CEO Oldham Goodwin Group, LLC

Hunter Goodwin President & COO Oldham Goodwin Group, LLC

IN THIS ISSUE From Oldham & Goodwin...........2

About the Cover..........................4

Brokerage Services......................6

Investment Sales.............................................................................................. 8 Commercial Land............................................................................................ 12 Retail.......................................................................................................................18 Office......................................................................................................................24 Industrial..............................................................................................................28 Recreational, Farm & Ranch.......................................................................32 Accessible Expertise.......................................................................................36

Multifamily Management.........40

Hospitality Management...........44

Commercial Management.........48

Development...............................52

Oldham Goodwin Capital...........56

Commercial Quarterly • 3rd Quarter 2017

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ABOUT THE COVER FORT WORTH, TEXAS, also known

as Cowtown, has always been regarded as where the West began. The historic Fort Worth Stockyards show us a glimpse of a time when cowboys drove cattle up the Chisolm Trail, through Fort Worth and into Oklahoma.

Today, the Fort Worth Stockyards have been repurposed, mostly for entertainment and shopping, though the stables have been remodeled and may still be used for their original intent.

Oldham Goodwin Development and Marriott International have teamed up to develop a SpringHill Suites that will make your stay in Fort Worth more enjoyable than ever.

The new hotel will feature 170 suites, a ballroom, banquet space, meeting rooms, catering and full-service kitchens. SpringHill Suites - Fort Worth Stockyards will also feature an outdoor event space and a rooftop bar and grill.

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www.OldhamGoodwin.com

COMMERCIAL QUARTERLY Volume 9 | Issue 3 | 3rd Quarter 2017

EDITORS-IN-CHIEF Shelby Krause Daniel Powell Audra Kurtz ASSISTANT EDITORS Mary Beadles Raelin Fontenot Kerri Noskrent GRAPHIC DESIGNER Michael Catarineau OLDHAM GOODWIN MARKETING Roger Winckler, Manager Audra Kurtz, Lead Graphic Designer Michael Catarineau, Marketing Coordinator Andrew Silanskas, Marketing Coordinator LEADERSHIP Casey M. Oldham, Chairman & CEO Hunter Goodwin, President & COO Michael Henderson Amy K. Jones Steve Monroe Clinton D. Oldham George Weatherall J.P. Venuti, CPA PRINTING AlphaGraphics Commercial Quarterly is published four times per year by the Oldham Goodwin Group, LLC. Volume 9, issue 3, of Commercial Quarterly was produced by Michael Catarineau and the Oldham Goodwin Marketing Department.

Please direct inquiries to the Marketing Department, Oldham Goodwin Group, LLC, 2800 South Texas Avenue, Suite 401, Bryan, Texas, 77802, call 979-268-2000 or email marketing@oldhamgoodwin.com. The information herein has been obtained from sources deemed reliable. Although we believe it to be accurate, 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 values, projections, 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 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 the suitability of the property for your needs.

COPYRIGHT © 2017 OLDHAM GOODWIN GROUP, LLC

Commercial Quarterly • 3rd Quarter 2017

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BROKERAGE SERVICES

Today’s real estate climate is fast-paced and complex. Hiring the right representation to suit your specific needs is paramount. Oldham Goodwin’s leaders and professionals recognize this challenge and have responded by developing a line of commercial brokerage services that emphasize industry and property specialization throughout the state of Texas. This specialization coupled with the integration and information sharing with all of our service lines creates tremendous value for our clients. Oldham Goodwin professionals are experts in their field, supported by a wealth of resources.

INVESTMENT SALES

PROPERTY SPOTLIGHT

BRYAN TOWNE CENTER

3001 WILDFLOWER DRIVE | BRYAN, TEXAS 77802

Vision Insights

Opening December 2017

Clinton D. Oldham Executive Vice President | Brokerage Services Managing Director | Investment Sales O: 979.268.2000 | C: 409.781.7734 E: Clint.Oldham@OldhamGoodwin.com

Briarcrest Drive

PROPERTY OVERVIEW

BUILDING INFORMATION

Oldham Goodwin is pleased to present Bryan Towne Center, a Target-anchored, 106,677 square foot regional shopping center in Bryan, Texas, with true value add and upside potential. Located at the major intersection of State Highway 6 and Briarcrest Drive, Bryan Towne Center is situated in the heart of the city’s rapidly-expanding northeast quadrant.

Anchor Tenant: Target

Bryan Towne Center presents the opportunity to acquire a well-maintained and stabilized center, with existing infrastructure in place for more than 124,000 square feet of expansion. The center is home to many regional and national tenants with documented strong sales performance. Buyer will benefit from immediate upside through a fully-negotiated lease for a 30,000 square foot new tenant as well as interest from several smaller co-tenants.

Parking: Abundant surface parking

INVESTMENT HIGHLIGHTS • • • • •

106,677 SF regional shopping center with tremendous value-add potential Excellent location in strong retail corridor at the intersection of State Highway 6 and Briarcrest Drive Value add opportunity with infrastructure and parking in place for more than 124,000 SF of expansion Target-anchored with several regional and national tenants Well-maintained center with great curb appeal and visibility from major thoroughfares

Commercial Quarterly • 3rd Quarter 2017

Building Area: 106,677 SF

LAND INFORMATION Size: 34.03 AC Frontage: Frontage on State Highway 6 and Briarcrest Drive

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INVESTMENT SALES FOR SALE

New Listing

Gander Mountain | College Station • • • • • •

New Listing

The Park at Cornerstone | Houston • • • • • • •

New Listing

Over 70,000 SF office complex situated on 5 AC site Priced well below replacement cost at only $42.19/SF Significant value add opportunity through repositioning and lease up Central location between Interstate 45, Tomball Parkway, Beltway 8 and the Grand Parkway Easily accessible via several major thoroughfares Close proximity to shopping, restaurants and hospitality For more information, contact Clinton D. Oldham or Aaron Morris

Wellborn Plaza | College Station • • • • • •

New Listing

Tremendous value add opportunity Five-mile radius average household income of $73,000 86 percent occupied retail space located on Koppe Bridge Road in the heart of College Station’s southern growth Located on ~5.23 AC with ~1,680 SF rent house and in-place RV storage 29 percent population growth within one mile over the past five years with a further 11 percent expected growth over the next five years For more information, contact Aaron Morris or Tyler Bradfield

Briarcrest Commons | Bryan • • • • •

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76,632 SF big-box retail property on 8.64 AC State Highway 6 location exposure to over 75,000 vehicles per day Directly across State Highway 6 from Post Oak Mall Close proximity to Texas A&M University, the nation’s third largest university Expansive surface parking and easy access from newly-constructed exit ramp For more information, contact Clinton D. Oldham

Value add opportunity through the lease-up of available 8,738 RSF Less than two miles away from Texas A&M University, St. Joseph’s Regional Health Care Center and Blinn College Excellent visibility and access from Briarcrest Drive (21,160 VPD) and Goessler Road All HVAC units replaced within the past five years and new tile throughout the common areas For more information, contact Tyler Bradfield

www.OldhamGoodwin.com

INVESTMENT SALES RECENT TRANSACTIONS

PetSmart, Inc College Station, Texas 20,202 SF

Academy Sports + Outdoors Lubbock, Texas 65,000 SF

University Shopping Center College Station, Texas 169,000 SF

Southwest Crossing College Station, Texas 22,800 SF

Crossroads Plaza - Phase III Houston, Texas 26,260 SF

Academy Sports + Outdoors San Antonio, Texas 65,000 SF

Prairie Center College Station, Texas 22,500 SF

111 University Drive East College Station, Texas 33,665 SF

Discovery Bay Shopping Center Pearland, Texas 16,350 SF

Commercial Quarterly • 3rd Quarter 2017

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COMMERCIAL LAND

PROPERTY SPOTLIGHT

PROVIDENCE PARK

STATE HIGHWAY 6 | COLLEGE STATION, TEXAS 77845

Pad 2 Pad 1 Pad 3 Pad 4

Jeremy Richmond, CCIM Lot 1

Managing Director | Land Services O: 979.268.2000 E: Jeremy.Richmond@OldhamGoodwin.com

Lot 2

PROPERTY HIGHLIGHTS • • • •

Multiple retail and restaurant pad sites available, anchored by Academy Sports + Outdoors Shovel-ready with all utilities, zoning, off-site detention, expedited permitting and parking exceeds city code Central to Texas A&M University, Post Oak Mall, Baylor Scott & White, established neighborhoods and multifamily communities Adjacent to business park campus with 1,500+ employees

ZONING/RESTRICTIONS Zoned for general commercial use. Outparcels are subject to restrictions and architectural requirements. Building height permissible to 22 FT plus parapet walls and architectural features.

ACCESSIBILITY Multiple points of ingress and egress along State Highway 6 and cross access within the development.

Mason Schieffer, ACP Associate | Land Services O: 979.268.2000 | C: 979.255.6205 E: Mason.Schieffer@OldhamGoodwin.com

PROPERTY SIZE Pad 1 & 2: 3.27 AC Pad 3: 2.05 AC Pad 4: 2.16 AC Lot 1: 8 AC Lot 2: 4 AC

UTILITIES Electric: College Station Utilities Water: College Station Utilities Sewer: College Station Utilities Gas: Atmos Energy Phone/Internet: Various

VISIBILITY/FRONTAGE Excellent visibility and frontage from State Highway 6 with more than 77,000 VPD Commercial Quarterly • 3rd Quarter 2017

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COMMERCIAL LAND FOR SALE

New Listing

1002 Southwest Parkway | College Station • • • • • • • •

New Listing

4.26 AC on Greens Prairie Trail | College Station Creek Meadows Development

Pecan Trail Middle School Opening Fall 2018

750+ Single Family

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Woodlake Subdivision

Subject Property

Royder Ridge Subdivision

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Greens Prairie Elementary School

• • • • • •

New Listing

Large commercial tract ready for immediate development Located within Creek Meadows master-planned community Situated in close proximity to Greens Prairie Elementary as well as Pecan Ridge Intermediate and Middle School Quick access to FM 2154 and State Highway 40 Greens Prairie Trail improved to a four-lane, divided roadway with curbs, gutters and left- and right-turn lanes For more information, contact Jeremy Richmond

1.53 AC on Wellborn Road | College Station • • • • • •

New Listing

~108 FT of frontage along the north side of Wellborn Road Located between two major east-west thoroughfares: Rock Prairie Road and William D. Fitch Parkway Just over a mile from the new Jones Crossing shopping center, less than half a mile from the Barracks Town Homes Strong commercial and residential growth in the area Rare opportunity to acquire property with C-3 light commercial zoning For more information, contact Jeremy Richmond or Mason Schieffer

Bryan Towne Center | Bryan .67 AC

•

2.78 AC 1.64 AC

1.44 AC

• • •

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1.62 AC along the south side of Southwest Parkway ~195 FT of frontage along Southwest Parkway 1.5 miles from Texas A&M University Multiple hotels adjacent to the property Close proximity to Highway 6 Across from the newly-renovated Allen Honda Dealership Platted with General Commercial Zoning For more information, contact Jeremy Richmond or Mason Schieffer

Mixed-use regional shopping center anchored by Target, rue21, Pet Supplies Plus, Cracker Barrel, upscale hospitality, medical facilities, health and wellness, restaurants and national retailers Outparcels available with all utilities, off-site detention, entitlements and crossaccess parking Situated in high-growth corridor near expanding residential communities and newer public schools For more information, contact Jeremy Richmond

www.OldhamGoodwin.com

COMMERCIAL LAND FOR SALE

New Listing

8495 Turkey Creek | College Station Ray m

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way (FM 2818

Park Harvey Mitchell

Aggie Field of Honor

Easterwood

Stotz Airport er P arkw ay (F M6

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Subject Property

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New Listing

12 AC along Broadway Avenue | Conroe

Woodforest Bank Stadium

In The Area

Subject Property

Broadway Avenue

Interstate 45

• • • • •

~400 FT of frontage along the south side of Broadway Avenue Located near a high-growth area Rare large tract in a developing market Average household income is more than $110,000 within a three-mile radius For more information, contact Steve Mattox or Mason Schieffer

reet

St Main

In The Area

Tranquil and wooded 4.92 AC tract on Turkey Creek, near F&B Road Very close to Atlas Town Center, Via Sat, Traditions Golf Course & Country Club, Texas A&M University and The Health Science Center Includes 3-bedroom, 2.5-bath brick house (1,921 SF) built in 1960 and currently occupied by tenant Property is fenced and cross-fenced with improved pasture, 1,000 SF metal storage building with horse stalls, public water and small pond For more information, contact Jeremy Richmond or Mason Schieffer

Sleepy Hollow Road Oak Ridge High School

New Listing

1.53 AC on Kuykendahl | Houston • • • • •

New Listing

Falvel Road

Subject Property

FM 2920 ~40,864 VPD

~170 FT of frontage along Kuykendahl Road Frontage along three different roads The average household income in a five-mile radius is $193,000 There is an abundance of commercial activity in the area For more information, contact Jeremy Richmond or Mason Schieffer

3834 FM 2920 | Spring • • • • • •

Two miles from ExxonMobil’s Corporate Headquarters Hard corner across from CVS Average household income is more than $112,000 within a five-mile radius Population in the area is expected to grow over 11 percent in the next five years Abundance of development in the area For more information, contact Jeremy Richmond or Mason Schieffer

Commercial Quarterly • 3rd Quarter 2017

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COMMERCIAL LAND FOR SALE

New Listing

3 AC at Corporate Woods Drive | Magnolia • • • • • • •

New Listing

7 AC off FM 1774 | Magnolia • • • • •

New Listing

Certified easement provides ingress and egress by FM 1774 Property is located within city limits Close proximity to Brookshire Brothers, Magnolia Diner, Magnolia West High School, 249 extension and HEB FM 1774 railroad flyover to be completed in 2018 For more information, contact Steve Mattox

CR 167 | Alvin • • • • • • •

New Listing

Prime farm land near proposed Grand Parkway Centrally located to Houston and Galveston Newly fenced Direct access to irrigation canal Active hay production Great potential for farm and ranch or residential development For more information, contact Steve Mattox

1002 Southwest Parkway | College Station • • • • • • • •

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Just blocks from Lake Windcrest Golf Club Only three miles west of the intersection of FM 1488 and Honea Egypt Road Anchored by national retail and business services Great visibility along Corporate Woods Drive All utilities are within close proximity to the property Surrounded by office, warehouse, mini storage and industrial users For more information, contact Mason Schieffer

1.62 AC along the south side of Southwest Parkway ~195 FT of frontage along Southwest Parkway 1.5 miles from Texas A&M University Multiple hotels adjacent to the property Close proximity to Highway 6 Across from the newly-renovated Allen Honda Dealership Platted with General Commercial Zoning For more information, contact Jeremy Richmond or Mason Schieffer

www.OldhamGoodwin.com

COMMERCIAL LAND RECENT TRANSACTIONS

Beechnut Road

Harlem Road

Quarters The District On Luther On Luther

Represented the seller in the disposition of 11.6 AC on Graham Road in College Station.

Represented the seller in the disposition of 16.2 AC on Graham Road in College Station.

Represented the seller in the disposition of 1 AC in Richmond.

The Zone at College Station

FM 2818 State H

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2818 Place Apartments

Harlem Road

Represented the seller in the disposition of 2 AC in Richmond.

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Represented the seller in the disposition of a 30,000 SF pad at Tower Point in College Station.

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Represented the seller in the disposition of 1.3 AC in Bryan.

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Represented the seller in the disposition of 33 AC on Holleman Drive and FM 2818.

10 5

Represented the seller in the disposition of 1.7 AC in Conroe.

Commercial Quarterly • 3rd Quarter 2017

Represented the seller in the disposition of 186 AC in Bryan.

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L To

RETAIL

PROPERTY SPOTLIGHT

ROCK PRAIRIE CROSSING

3501-3535 LONGMIRE DRIVE | COLLEGE STATION, TEXAS 77845

George Weatherall Managing Director | Retail Services Market Manager | Houston O: 281.256.2300 | C: 281.236.1389 E: George.Weatherall@OldhamGoodwin.com

PROPERTY HIGHLIGHTS • • • • • •

Kroger-anchored retail center Located at the intersection of State Highway 6 and Rock Prairie Road Well-established retail center with excellent mix of local and national tenants Multiple points of ingress and egress Abundant surface parking Located 3.25 miles south of Texas A&M University in high-growth area of College Station

PROPERTY ATTRIBUTES

Brett Boatner Associate | Retail Services O: 979.268.2000 | C: 903.573.4165 E: Brett.Boatner@OldhamGoodwin.com

Gross Leasable Area: ~119,000 SF Year Built: 2000 Site Size: 12.22 AC Parking: 595 parking spaces

TRAFFIC COUNTS State Highway 6: ~63,155 VPD (per TxDOT 2015)

Commercial Quarterly • 3rd Quarter 2017

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RETAIL FOR LEASE

New Listing

895 William D. Fitch | College Station • • • • • • • •

New Listing

4050 State Highway 6 | College Station • • • • • • •

New Listing

Excellent visibility and access from State Highway 6 with 80,487 VPD, between newly-constructed on/off ramps Located less than four miles from Texas A&M University Move-in ready Primarily open configuration, ideally suited for retail and recreational uses Close proximity to the growing medical district in south College Station Abundant parking For more information, contact Brett Boatner or Jody Slaughter

3706 South Texas Avenue | Bryan • • • • • • •

New Listing

New construction with drive-thru at signalized intersection Excellent access and visibility from South Texas Avenue Located one mile from Texas A&M University Close proximity to an excellent mix of restaurants and retail Abundant surface parking Furniture, fixtures and equipment can be made available For more information, contact Brett Boatner or Jody Slaughter

Central Station | College Station • • • • • • •

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Retail center coming soon Estimated January 1, 2018 delivery date ~6,300 SF retail building with ~4,050 SF end cap — will divide Hard corner, signalized intersection of Arrington Road and William D. Fitch Parkway Excellent visibility and easy access to William D. Fitch Parkway Situated in south College Station’s high-growth corridor Located in ~75 AC, HEB-anchored, master-planned, mixed-use development For more information, contact Jody Slaughter or Brett Boatner

Well-established retail center with excellent mix of local and national tenants Located one block from Texas A&M University Abundant surface parking Excellent access and visibility from Texas Avenue and Harvey Road 42,111 VPD on Texas Avenue Located at one of College Station’s busiest intersections For more information, contact George Weatherall or Brett Boatner

www.OldhamGoodwin.com

RETAIL FOR LEASE

New Listing

Gander Mountain | College Station • • • • • •

New Listing

76,632 SF large retail box situated on a 8.64 AC site Located at Horse Haven Lane and State Highway 6, central to Texas A&M University and all households throughout the Bryan-College Station market Abundant surface parking Two dock-height bays for warehouse Visible and accessible to State Highway 6, the most important regional mobility and transportation corridor in the Brazos Valley For more information, contact Brett Boatner

Bryan Towne Center | Bryan • • • • • • •

New Listing

Target-anchored shopping center High visibility with exceptional traffic counts Located at the intersection of State Highway 6 and Briarcrest Drive Up to 27,000 SF of retail space available on Lot 1 Up to 110,000 SF of build-to-suit opportunities on Lot 2 Less than three miles from Texas A&M University Campus For more information, contact Brett Boatner

4344 State Highway 6 South | College Station • • • • • •

New Listing

New construction with drive-thru located in a ~75 AC, HEB-anchored, masterplanned, mixed-use development Excellent visibility and easy access to Highway 6 Situated in south College Station’s high-growth corridor and is surrounded by high-income roof tops Close proximity to an excellent mix of restaurants, retail and medical offices Furniture, fixtures and equipment can be made available For more information, contact Brett Boatner

Century Square | College Station • • • • • • •

The first walkable, urban mixed-use environment in Brazos Valley Luxury apartment and hotels Dynamic, open green spaces Community events, live music, concerts, food and wine tastings Class-A office space Premier shopping, dining and entertainment For more information, contact Cyndee Smith

Commercial Quarterly • 3rd Quarter 2017

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RETAIL FOR LEASE

New Listing

Jones Crossing | College Station • • • • • • •

New Listing

The Prairie Center | College Station • • • • • • •

New Listing

Highly visible with exceptional traffic counts Adjacent to Kroger Signature store, College Station Medical Center and Baylor Scott & White Hospital Affluent and rapidly expanding population Located 3.25 miles south of Texas A&M University Easy access to Rock Prairie Road and State Highway 6 Serving the College Station Medical Corridor For more information, contact Brett Boatner

Brookhaven Retail Center | Bryan • • • • • •

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HEB-anchored shopping center Over 40,000 SF of speculative retail space Multiple pad sites available for ground lease or build-to-suit High population growth projected within one mile over the next five years Highly-visible, high-traffic intersection ± 1.5 miles from Texas A&M University For more information, contact Jeremy Richmond or Cyndee Smith

Convenient access from Highway 30 and Copperfield Drive Excellent access and visibility Diverse and established retail tenant mix 1.5 miles from Miramont Country Club Growing population of ~128,369 within a five-mile radius For more information, contact Jody Slaughter or Brett Boatner

www.OldhamGoodwin.com

RETAIL RECENT TRANSACTIONS

Represented the landlord in the lease of 2,500 SF to a regional burger chain restaurant in Bryan.

Represented the landlord in the lease of 3,000 SF to an optometry business in College Station.

Represented the landlord in the lease of 5,463 SF to a Spa/Salon in College Station.

Represented the landlord in the lease of 1,200 SF to a national women’s apparel store in College Station.

Represented the landlord in the lease of 3,000 SF to a regional nail salon in College Station.

Represented the landlord in the lease of 8,535 SF to a local child care business in College Station.

Represented the landlord in the lease of 2,500 SF to a new Japanese ramen bar in College Station.

Represented the landlord in the lease of 1,895 SF to a local all-day breakfast startup restaurant in College Station.

Represented the landlord in the lease of 28,832 SF to a trampoline entertainment park in College Station.

Commercial Quarterly • 3rd Quarter 2017

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OFFICE

PROPERTY SPOTLIGHT

THE WESTINGHOUSE BUILDING

2501 EARL RUDDER FREEWAY S | COLLEGE STATION, TEXAS 77845

PROPERTY HIGHLIGHTS • • • • • •

Facility includes ~180,000 SF of improvements with already built out office space, 5,760 SF of equipped wet lab space and over 60,000 SF of flex warehouse space Unfinished areas can be built out in 150 days (certain restrictions apply) Robust infrastructure with on-site access to water, wastewater, gas, electric and fiber, as well as on-site regional detention – all suitable to support large customers cost effectively All of the HVAC needs in the facility are provided via DX roof top units that were purchased new in 2008 New membrane roofs were installed on the entire facility in 2006 and 2008 All vacant space is available for lease

PROPERTY ATTRIBUTES Gross Leasable Area: 180,000 SF Year Built: 1983 Site Size: ~30 AC Parking: 720 parking spaces Casey M. Oldham

TRAFFIC COUNTS

Chairman & CEO O: 979.268.2000 | C: 979.219.4562 E: Casey.Oldham@OldhamGoodwin.com

State Highway 6: ~77,000 VPD (per TxDOT 2015)

Commercial Quarterly • 3rd Quarter 2017

25

OFFICE FOR LEASE

New Listing

Energy Plaza | College Station • • • • • •

New Listing

Hudson at University Suite 210 | Bryan • • • • • •

New Listing

Monument and building fascia signage available High-end finishes with restrooms, break room, conference room and seven offices Available immediately and ready for occupancy Competitive deal terms Close proximity to major thoroughfares, retail, hospitality and restaurants For more information, contact Jody Slaughter

3841 Sagebriar | Bryan • • • • • •

New Listing

For sale and/or lease High-end finishes Move-in ready and ideally suited for medical or office user Monument and identity signage available Close proximity to major thoroughfares, retail, hospitality and restaurants For more information, contact Jody Slaughter

Willow Creek Medical Center | Palestine • • • • • • •

26

Small and mid-sized configurations available Recent lobby upgrades, new roof and HVAC Centrally located within the Bryan-College Station MSA Within ~1.5 miles of Texas A&M University Immediate occupancy available For more information, contact Jody Slaughter

Medical and traditional office configurations available Located in master-planned business park Premier, Class-A office building High-end finishes Available immediately and ready for occupancy Competitive deal terms For more information, contact Jody Slaughter

www.OldhamGoodwin.com

OFFICE RECENT TRANSACTIONS

Represented the owner in the disposition of ~2,210 SF of office space in a new office park development in College Station.

Represented the owner in the disposition of an ~36,928 SF office building in the heart of College Station.

Represented the owner in the disposition of ~2,210 SF of office space in a new office park development in College Station.

Represented the landlord in the lease of ~3,741 SF in an office park in Houston.

Represented the landlord in the lease of 2,500 SF in an office park in Bryan.

Represented the landlord in the lease of 5,000 SF of office space in College Station.

Represented the landlord in the lease of ~3,197 SF of office space on University Drive East in College Station.

Represented the owner in the disposition of an ~93,800 SF office tower in College Station.

Represented the owner in the disposition of an ~24,559 SF office building in College Station.

Commercial Quarterly • 3rd Quarter 2017

27

INDUSTRIAL

PROPERTY SPOTLIGHT

AGGIELAND BUSINESS PARK

5890 IMPERIAL LOOP DRIVE | COLLEGE STATION, TEXAS 77845

Jody Slaughter Managing Director | Corporate Services O: 979.268.2000 | C: 713.927.1157 E: Jody.Slaughter@OldhamGoodwin.com

PROPERTY OVERVIEW

BUILDING INFORMATION

Aggieland Business Park is a master-planned park designed specifically to accommodate office and industrial users, situated in close proximity to Texas A&M University and major thoroughfares with land parcels and build-to-suit opportunities immediately available. Serving the nation’s newest bio-corridor, in the heart of Research Valley, Aggieland Business Park provides flexible, affordable build-to-suit solutions.

Transaction: For lease

Located just one mile west of Easterwood Airport, fronting University Drive (FM 60) at Jones Road and within three miles of Texas A&M University, the Texas A&M Health Science Center, and the U.S. Department of Health and Human Services Center for Innovation in Advanced Development and Manufacturing.

Premises: ~5,850 SF

BUILDING FEATURES • • • • • •

Close proximity to Texas A&M University, Easterwood Airport and the biocorridor Finish-out allowance available Strategically located in master-planned business park Stabilized storage yard available 18 FT eave heights 12 FT x 14 FT overhead doors

Type: Office, Industrial, Flex

Year Built: 2016 Gross Leasable Area: 11,781 SF Parking: Ample surface parking

LAND INFORMATION Size: 1.725 AC

Commercial Quarterly • 3rd Quarter 2017

29

INDUSTRIAL FOR SALE / LEASE

New Listing

2134 State Highway 79 | Franklin • • • • •

New Listing

8,750 SF industrial space for sale and lease Three-phase power, 240 volts Built in 2008 One 15-ton crane For more information, contact Jody Slaughter

8301 Braniff Street | Houston • • • • • • •

New Listing

Light industrial space Three-phase power, 660 amps Grade-level loading Suites come with one 12 FT x 12 FT overhead door 16 FT - 20 FT eave heights Located adjacent to William P. Hobby International Airport For more information, contact Jody Slaughter

Highway 30 Business Park | College Station • • • • • • • •

2,000 - 6,000 SF, and 3,000 - 10,000 SF available for immediate occupancy Three-phase power, 440 volts Reinforced concrete slab Metal frame, metal/brick exterior walls 16 FT eave height Suites come with one 12 FT x 14 FT overhead door Grade-level loading For more information, contact Jody Slaughter

7575 North Earl Rudder Freeway | Bryan • • • • • • • •

30

For lease Stabilized yard, fully-fenced and gated Bridge cranes: one 10-ton and one 15-ton Dock-high and grade-level loading Oversized doors: four electronic motorized 20 FT x 28 FT Overhead winch crane at center bay Three-phase power, 480 volts For more information, contact Jody Slaughter

www.OldhamGoodwin.com

INDUSTRIAL RECENT TRANSACTIONS

Represented the owner in the lease of 2,000 SF of warehouse space in College Station.

Represented the owner in the lease of ~51,736 SF of office/warehouse space in Bryan.

Represented the owner in the lease of an ~16,000 SF of office/warehouse building in College Station.

Represented the owner in the disposition of an ~4,500 SF office/ warehouse property in Bryan.

Represented the owner in the lease of 2,000 SF of warehouse space in College Station.

Represented the owner in the disposition of an ~21,000 SF of office/ industrial space in Brenham.

Represented the owner in the disposition of an ~15,000 SF office/ industrial property in Brenham.

Represented the owner in the disposition of more than 56,000 SF of office/warehouse space in Bryan.

Represented the owner in the disposition of an ~15,000 SF tilt-wall industrial building in Bryan.

Commercial Quarterly • 3rd Quarter 2017

31

RECREATIONAL, FARM & RANCH

PROPERTY SPOTLIGHT

DIAMOND RANCH

552 AC IN COLLEGE STATION, TEXAS

Jeremy Richmond, CCIM Managing Director | Land Services O: 979.268.2000 E: Jeremy.Richmond@OldhamGoodwin.com

PROPERTY OVERVIEW Ingress and egress is provided from South Dowling Road and Hopes Creek Road. The property benefits from 129 FT of frontage along South Dowling Road and 2,800 FT of frontage along Hopes Creek Road.

Rolling uplands mixed with creek bottoms provide exceptional topographic relief creating unique scenery and hilltop views at the highest elevation near South Dowling Road. The lowest elevation at 200 FT near Hopes Creek Road, rises to more than 300 FT moving northeast to South Dowling Rd with views toward the City of College Station.

The property is perimeter fenced and currently improved with livestock corrals, equipment barn and storage shed. A gravel surface primitive road system provides year-round access.

The property contains five ponds of various sizes with the largest being approximately 5 AC. Hopes Creek, and various tributaries traverse the property. Wellborn SUD provides public water service to the property and electricity service is provided by BTU.

Commercial Quarterly • 3rd Quarter 2017

33

RECREATIONAL, FARM & RANCH FOR SALE

New Listing St

ate

Hig

hw

ay

6~

33.5 AC | Hearne

17

,95 1V

PD

• • • • • • •

Subject Property

New Listing

Diamond Ranch | College Station • • • • • • •

New Listing

360 or 552 AC Less than three miles from Texas A&M University Surrounded by single-family residential estates The front gate is about one mile west of Wellborn Road Rare opportunity to acquire large acreage within Brazos County that has significant potential for future development Within College Station Independent School District For more information, contact Jeremy Richmond or Cyndee Smith

36.65 AC | Converse Subject Property

34

33.5 AC along the west side of State Highway 6 ~130 FT of frontage along the highway Large tract provides multiple options for development High-traffic location, just north of Bryan-College Station Close proximity to Texas Triangle Business Park Rapid growth in nearby Bryan For more information, contact Mason Schieffer

• • • • • • •

Property has approximately 2,450 FT of frontage along FM 78 Easy access to and from Loop 1604 and Interstate Highway 35 Visibility from Loop 1604 Located within the far northeast San Antonio submarket city of Converse Zoned B-3, commercial district and I-1, light industrial district Excellent location for retail, office, hotel and multifamily For more information, contact Brian Allison or Steve Monroe

www.OldhamGoodwin.com

RECREATIONAL, FARM & RANCH RECENT TRANSACTIONS

Represented the buyer in the purchase of a ranchette in Brenham.

Represented the seller in the disposition of a 13 AC ranchette in Caldwell.

Represented the buyer in the purchase of a 26 AC ranchette in Washington.

Represented the seller in the disposition of a 342 AC ranch in Caldwell.

Represented the seller in the disposition of 106 AC of farm land near Doe Run.

Represented the seller in the disposition of 34 AC in Washington.

Represented the seller in the disposition of 175 AC of farmland in Bremond.

Represented the seller in the disposition of 68 AC in Wixon Valley.

Commercial Quarterly • 3rd Quarter 2017

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ACCESSIBLE EXPERTISE INVESTMENT SALES

36

Clinton D. Oldham

Aaron Morris

Tyler R. Bradfield

Executive Vice President | Brokerage Services Managing Director | Investment Sales O: 979.268.2000 | C: 409.781.7734 E: Clint.Oldham@OldhamGoodwin.com

Vice President | Investment Sales O: 281.256.2300 | C: 713.585.5715 E: Aaron.Morris@OldhamGoodwin.com

Associate | Investment Sales O: 979.268.2000 | C: 205.508.0181 E: Tyler.Bradfield@OldhamGoodwin.com

Ben T. Berry

Daniel Powell

Associate | Brokerage Services O: 210.404.4600 | C: 210.414.4929 E: Ben.Berry@OldhamGoodwin.com

Associate | Transaction Coordinator O: 979.268.2000 E: Daniel.Powell@OldhamGoodwin.com

www.OldhamGoodwin.com

RETAIL SERVICES

George Weatherall

Campbell Anderson

Cyndee Smith

Managing Director | Retail Services Market Manager | Houston O: 281.256.2300 | C: 281.236.1389 E: George.Weatherall@OldhamGoodwin.com

Vice President | Retail Services O: 281.256.2300 | C: 915.433.4853 E: Campbell.Anderson@OldhamGoodwin.com

Senior Vice President | Retail & Land Services O: 281.256.2300 | C: 409.781.7734 E: Cyndee.Smith@OldhamGoodwin.com

Brett Boatner

Kerri Noskrent

Associate | Retail Services O: 979.268.2000 | C: 903.573.4165 E: Brett.Boatner@OldhamGoodwin.com

Coordinator | Brokerage Services O: 281.256.2300 E: Kerri.Noskrent@OldhamGoodwin.com

Commercial Quarterly • 3rd Quarter 2017

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LAND SERVICES

38

Jeremy Richmond, CCIM

Brian Allison

Mason Schieffer, ACP

Managing Director | Land Services O: 979.268.2000 E: Jeremy.Richmond@OldhamGoodwin.com

Vice President | Industrial & Land Services O: 210.404.4600 | C: 210.383.3697 E: Brian.Allison@OldhamGoodwin.com

Associate | Land Services O: 979.268.2000 | C: 979.255.6205 E: Mason.Schieffer@OldhamGoodwin.com

Cyndee Smith

Steve Mattox

Mary Beadles

Senior Vice President | Retail & Land Services O: 281.256.2300 | C: 409.781.7734 E: Cyndee.Smith@OldhamGoodwin.com

Vice President | Land Services O: 281.256.2300 | C: 281.639.8316 E: Steve.Mattox@OldhamGoodwin.com

Coordinator | Land Services O: 979.268.2000 E: Mary.Beadles@OldhamGoodwin.com

www.OldhamGoodwin.com

MULTIFAMILY

Steve Monroe

Raelin Fontenot

Managing Director | Multifamily Market Manager | San Antonio O: 210.404.4600 | C: 210.426.1800 E: Steve.Monroe@OldhamGoodwin.com

Coordinator | Multifamily O: 210.404.4600 E: Raelin.Fontenot@OldhamGoodwin.com

CORPORATE SERVICES

Jody Slaughter

Daniel Powell

Managing Director | Corporate Services O: 979.268.2000 | C: 713.927.1157 E: Jody.Slaughter@OldhamGoodwin.com

Associate | Transaction Coordinator O: 979.268.2000 E: Daniel.Powell@OldhamGoodwin.com

ACCESSIBLE EXPERTISE Commercial Quarterly • 3rd Quarter 2017

39

MULTIFAMILY MANAGEMENT

At Oldham Goodwin, we care about our clients and our residents. Our multifamily management team provides our clients top-tier property management services ranging from leasing and marketing, property and asset management to accounting and finances. These services promote customer service, gain resident retention and reduce property expense while making your property an asset to the community. Browse through our portfolio and read more about our services at OldhamGoodwin.com

MULTIFAMILY MANAGEMENT

PALM BLUFF PLACE

Luxury, Location and Convenience Palm Bluff Place, the newest premier, luxury apartments in Portland, Texas, offers a serene park-like setting located in a residential community with easy access to entertainment, restaurants, shopping, schools, and businesses. We offer one, two, and three bedroom apartments in an array of floor plans, all with their own unique charm and features. Our apartment homes include washer and dryer equipped utility rooms in every unit, walk-in closets, and private patio or balcony areas perfect for entertaining. In addition, our community offers direct access garages in select apartments, stainless steel appliance packages, modern wood-grain finishes, and granite counter tops. Experience unparalleled luxury and best-inclass service at Palm Bluff Place.

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www.OldhamGoodwin.com

MULTIFAMILY MANAGEMENT

Location, Community and Quality Living

Texas City’s newest luxury rental community, Catalon at Lago Mar, offers modern conveniences and entertainment all within your reach. Located along the Gulf Freeway, in the heart of the Lago Mar commercial district, you are just a few short miles from major employers such as Space Center Houston, BP, Eastman, Marathon, Dow Chemicals, Port of Texas City, Valero Refining, and UTMB Galveston. Perfectly positioned adjacent to the Tanger Outlet Mall, Adventure Point, the new 35 acre amusement park, and various dining and entertainment venues.

CATALON AT LAGO MAR

Commercial Quarterly • 3rd Quarter 2017

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HOSPITALITY MANAGEMENT

At Oldham Goodwin Group, we specialize in the management and development of premium-branded hotels in destination locations. Through product development and superior asset management, we work to mitigate risk and exposure, and maximize cash flow, resulting in an increased return on investment for our stakeholders. Oldham Goodwin is currently an approved management company for the following hotel companies: Marriott International, Hilton Hotels & Resorts, Intercontinental Hotels Group, Best Western International, Hyatt Hotels Corporation, and Wyndham Hotels & Resorts.

HOSPITALITY MANAGEMENT

SPRINGHILL SUITES DALLAS ROCKWALL Experience a refreshing hotel stay in Rockwall, Texas Unwind at the brand-new SpringHill Suites Dallas Rockwall. Located within walking distance from Lake Ray Hubbard, our hotel makes it easy to savor outdoor adventures from sunrise to sunset. We are also just a short drive away from Rockwall Technology Park and downtown Rockwall Historic Square. Retreat in our spacious suites and go from working to relaxing seamlessly with distinctive living and sleeping areas, plush bedding, free Wi-Fi and ergonomic workspaces for an enhanced stay. In the morning, start your day off the right way with our complimentary hot breakfast buffet. If you’re visiting Rockwall for business, reserve any of our modern meeting spaces for a productive gathering away from the office. When downtime arises, head to our fitness center featuring cardio equipment and free weights for a brisk but meaningful workout session, then stop by our outdoor pool to make a splash before relaxing by our fire pit.

Reserve a stylish, modern and stress-free stay at SpringHill Suites Dallas Rockwall.

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www.OldhamGoodwin.com

HOSPITALITY MANAGEMENT Fun and adventure near Lake Ray Hubbard Lake Ray Hubbard is one of the largest lakes in north Texas spanning 22,000 acres. This recreational lake is great for fishing, skiing, relaxing, and recreational boating. There are numerous parks located around the lake.

There are plenty of nice beaches, hiking and biking trails, and other outdoor activities.

Lake Ray Hubbard was impounded in 1968. The lake is located east of Dallas in Collin, Dallas, Rockwall and Kaufman counties, on the East Fork of the Trinity River. Predominant fish species include white and hybrid striped bass, largemouth bass, channel and blue catfish, and white crappie. Hybrid striped bass and blue catfish have become the most abundant sport fish in the lake in the last few years.

One of the most popular attractions at the lake is Rockwall Harbor. This waterfront entertainment center has great dining, shopping, live music, movies, walkways along the harbor, beautiful sunsets, and more.

The lake was originally named Forney Lake for the nearby town of Forney, Texas. After the City of Dallas incorporated the lake, it was renamed after a living person, Ray Hubbard, who presided over the Dallas Parks and Recreation System board from 1943 to 1972.

FREE HIGH-SPEED INTERNET, FREE BREAKFAST, FITNESS CENTER, POOL

Commercial Quarterly • 3rd Quarter 2017

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COMMERCIAL MANAGEMENT

Oldham Goodwin’s commercial management team includes experienced property managers, facilities personnel and knowledgeable accountants to service retail, office and industrial properties. Our goal is to protect and increase the value of your asset through strong tenant relations, stringent expense control with solid vendor relationships, integrated property management and facility maintenance software programs and deliver accurate and transparent budgeting and financial reporting. We provide monthly detailed management and financial reports to provide ownership with the knowledge to make informed decisions.

COMMERCIAL MANAGEMENT

THE GALLERY

Location and Convenience A real estate investment group wanted to purchase an office building in the San Antonio area. The Oldham Goodwin Group investment team set out to identify possible acquisitions. The team found The Gallery Building in Castle Hills on N.W. Military Drive. At approximately 90 percent occupied, with a beautiful office garden look and a great location close to Loop 410, The Gallery Building fit the bill. The Investment Sales Team worked closely with the buyers to make an offer, assist with due diligence and facilitate the closing of the sale. The owners chose Oldham Goodwin Group to lease and manage their new asset upon purchase.

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www.OldhamGoodwin.com

COMMERCIAL MANAGEMENT

Professional Property Management The Property Management and Leasing Groups immediately started working on a marketing and leasing plan, setting up the operations plan for the building, meeting with the tenants and vendors, preparing the financial reports and developing a game plan.

The transition went smoothly and the teams are ready for the next project.

SIGNED. SEALED. DELIVERED.

Commercial Quarterly • 3rd Quarter 2017

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DEVELOPMENT

Successful real estate developers know their market intimately and have the ability to efficiently execute well-designed development plans. At Oldham Goodwin, we strive to deliver the most professional and organized development services available in the market today. As a fully integrated real estate firm, we are able to utilize our brokerage and management knowledge to accurately gauge market demand, and then respond to that demand quickly with the appropriate product. Our development team leverages its experience in engineering, construction and finance to ensure investors and end users receive the maximum benefit from the project.

DEVELOPMENT

ACADEMY SPORTS + OUTDOORS The newest ecosystem of offices, manufacturing, restaurants, and retail space in the Brazos Valley, anchored by the new Academy Sports + Outdoors Academy Sports + Outdoors is one of the nation’s largest sporting goods and outdoor stores. It is currently owned by funds advised by Kohlberg Kravis Roberts & Co. L.P. (together with its affiliates, “KKR”), a leading global investment firm, and led by CEO and President J.K. Symancyk. Prior to August 2011, the company was owned by the Gochman Family and led by Chairman and CEO David Gochman. David’s grandfather, Max Gochman, started Academy Sports + Outdoors over 75 years ago when he opened Academy Tire Shop in 1938 in San Antonio, Texas. After a few years, Max began selling military surplus, and the store continued to evolve into what it is now a premier sports, outdoor and lifestyle retailer with a broad assortment of high-quality hunting, fishing and camping equipment and gear along with sports and leisure products, footwear, apparel and much more. Over the last several decades, the company has grown substantially from its small beginnings.

Sales reached $1.0 billion dollars in 2004, $2.0 billion dollars in 2007, and $3.0 billion dollars in 2012.

Today, annual sales exceed $4.6 billion.

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www.OldhamGoodwin.com

DEVELOPMENT Innovation, Research and Technology Providence Park is a 54 AC site situated in the heart of Bryan-College Station, directly off of State Highway 6, the most heavily populated and important highway system in the area.

The park consists of an updated 180,000 SF building for flex industrial space, corporate campus and/or office space and a surrounding 50 AC with retail and office pad sites for build-to-suit, ground lease, or purchase.

Perfectly positioned with the capacity and flexibility to accommodate a wide variety of users for years to come.

54 AC 180,000 SF

OFFICE / LAB/WAREHOUSE/FLEX SPACE ~110,000 SF

Lot 1

1

RETAIL / RESTAURANT ~33,000 SF

7,00

0 VP

D

2

way

6: ~ 7

Westinghouse Building

High

3

RESEARCH FACILITY 180,000 SF

PROPERTY ACREAGE Lot 1: ~8 Acres Lot 2: ~4 Acres Lot 2 4

Westinghouse Building: ~30 Acres Pad 1 & 2: 3.27 Acres Pad 3: ~2 Acres Pad 4: ~2 Acres

OFFICE / LAB/WAREHOUSE/FLEX SPACE ~52,000 SF

Commercial Quarterly • 3rd Quarter 2017

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OLDHAM GOODWIN CAPITAL

Oldham Goodwin Capital (OGC) provides accredited investors the opportunity for equity investment in real estate partnerships. Our objective is to generate superior risk-adjusted returns for our investment partners.

OGC was formed to develop and acquire assets in the hospitality (primarily select-service and limited-service hotels), multifamily, office, and retail sectors within both established markets and high growth secondary markets throughout the state of Texas. OGC is uniquely positioned to capitalize on current market opportunities through its extensive experience in commercial real estate brokerage, management, and development.

The OGC team has successfully developed, acquired, and managed a portfolio of upscale branded hotels, multifamily properties, office buildings, and retail properties throughout Texas. We focus on acquisitions of assets with value-add opportunities relating to operational inefficiencies, renovation needs, or re-branding possibilities as well as development of properties in underserved markets or markets with high barriers to entry.

OGC strives for annualized internal rates of return (IRR) to investment partners exceeding those found elsewhere in the marketplace with a focus on periodic cash flow distributions. Holding periods may vary in length from 3 to 10 years in order to optimize returns. The principals of OGC provide sponsorship equity, creating attractive debt and equity opportunities where all parties’ interests are fully aligned.

Operating cash flow, refinance, and net sales proceeds (after all expenses and debt payments) are typically distributed first to equity investors. Our standard distribution waterfall is structured so that equity investors receive a preferred return on their invested capital (return on capital) as well as their invested capital (return of capital) before any non-equity limited or general partners receive distributions.

Our goals include preservation of investor capital, creation of asset appreciation through operational efficiencies and profit growth, generation of attractive yields via periodic distributions to investors, and superior investor relations and transparency by means of quality financial reporting.

OLDHAM GOODWIN CAPITAL

SPRINGHILL SUITES FORT WORTH STOCKYARDS

Experience a refreshing hotel stay in the historic Stockyards Just steps away from the heart of the Historic Fort Worth Stockyards, SpringHill Suites is the perfect place for business and leisure travelers who desire a higher level of amenities and the services of an all-suite hotel.

Here, guests will enjoy spacious rooms, a rooftop bar and restaurant overlooking downtown Fort Worth, complimentary high-speed Wi-Fi, and a complimentary hot breakfast buffet.

The hotel will offer over 9,600 square feet of indoor and outdoor pre-function space, including conference and banquet space, event courtyard, business center, gym facility, and outdoor pool.

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www.OldhamGoodwin.com

OLDHAM GOODWIN CAPITAL Endless Entertainment Located just under three miles north of downtown Fort Worth, SpringHill Suites Fort Worth Stockyards offers guests the opportunity to experience all that the city has to offer, including Sundance Square, the Convention Center, Will Rogers Memorial Center, Bass Performance Hall, restaurants, shopping, and more.

CONVENIENCE, COMFORT, AND SOUTHERN HOSPITALITY

Commercial Quarterly • 3rd Quarter 2017

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BRYAN-COLLEGE STATION

HOUSTON

SANANTONIO/SOUTHTEXAS

2800 South Texas Avenue, Suite 401 Bryan, Texas 77802 O: 979.268.2000

7102 W. Sam Houston Pkwy. N., Suite 230 Houston, Texas 77040 O: 281.256.2300

200 East Grayson Street, Suite 102 San Antonio, Texas 78215 O: 210.404.4600