Oldham Goodwin | Commercial Quarterly | 1st Quarter 2019

Commercial Quarterly 1ST QUARTER | 2019

Commercial Quarterly Volume 11 | Issue 1 | 1st Quarter 2019

About The Cover Beginning in February 2019, 5050 Westheimer will become the new home of Oldham Goodwin’s Houston office. The building is situated in one of Houston’s most popular neighborhoods among a dynamic mix of shopping centers, high-end restaurants, office buildings, hotels and entertainment venues.

Suite sizes range from 2,000 to 19,207 RSF with ample on-site parking available.

For leasing information, contact Andrew Baker or Aaron Morris at 713.208.0766 or 713.585.5715.

In This Issue Brokerage Services.............................................

Investment Sales...........................................4 Land................................................................8

Retail............................................................. 12 Office............................................................ 16

Industrial...................................................... 20

Multifamily Management................................ 24 Hospitality Management................................. 28 Commercial Management.............................. 32 Development.................................................... 36

2 | www.OldhamGoodwin.com

Editors-In-Chief Andrew Silanskas Karli Feldhake

Assistant Editors Shelby Krause Daniel Powell Mary Beadles Raelin Fontenot Kerri Noskrent

Oldham Goodwin Marketing

Karli Feldhake, Director of Marketing Andrew Silanskas, Marketing Coordinator Audra Kurtz, Brokerage Marketing Coord.

Jacob Ramirez, Hospitality Marketing Coord.

Shelby Barker, Brokerage Marketing Coord.

Leadership

Casey M. Oldham, Chief Executive Officer & Chief Investment Officer R. Hunter Goodwin, President & COO Sean Griffin, Vice President | Multifamily Amy K. Jones, Director | Commercial Management Services Chris Rhodes, Vice President | Development Clinton D. Oldham, Executive Vice President | Brokerage Services Cole Baker, Vice President | Hospitality Todd Duncan, CPA, Chief Financial Officer & Vice President of Administration

Printing AlphaGraphics The Commercial Quarterly is published four times per year by the Oldham Goodwin Group, LLC. Volume 11, Issue 1, of Commercial Quarterly was produced by 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 any 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 Š 2019 Oldham Goodwin Group, LLC

Commercial Quarterly | 3

Investment Sales

PROPERTY SPOTLIGHT

895 William D. Fitch

Starbuck’s Anchored Retail Center | College Station, Texas 77845

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

Investment Highlights

Building Information

• Excellent visibility & easy access to Highway 40

Building Area:

• Hard corner, signalized intersection of Arrington Road and Hwy 40 (William D. Fitch Parkway)

Parking:

• Situated in south College Station’s high growth corridor and surrounded by high income rooftops

~6,320 SF

44 surface parking spaces

• Located in a ~75 AC, H-E-B anchored, master-planned mixed-use development

Adjacent Retail

Adjacent Retail Commercial Quarterly | 5

INVESTMENT SALES FEATURED PROPERTIES New Listing

3904 North Texas Avenue

Manufacturing facility with ten (10) year sale/ leaseback opportunity in Bryan, Texas For more information, contact Clinton D. Oldham

New Listing

209 South Center Street

Two-tenant retail property for sale in Franklin, Texas For more information, contact Tyler R. Bradfield

New Listing

Arrington Road Self Storage

Self storage facility for sale on Arrington Road in College Station, Texas For more information, contact Tyler R. Bradfield

RECENT TRANSACTIONS

Towerpoint Plaza

Represented Seller in Disposition of retail center in College Station, Texas

700 Interstate 45 South

Represented Seller in Disposition of I-45 Self StorageÂŽ in Huntsville, Texas 6 | www.OldhamGoodwin.com

University Park Plaza

Represented Seller in Disposition of retail center in College Station, Texas

Edge Studio Apartments

Represented Buyer in Acquisition of 128-unit multifamily property in San Antonio, Texas

The Park in Cornerstone Village Represented Seller in Disposition of office plaza in Houston, Texas

1901 South Texas Avenue

Represented Seller in Disposition of University Shopping Center in College Station, Texas

INVESTMENT SALES ACCESSIBLE EXPERTISE

Clinton D. Oldham

Aaron Morris, CCIM

Steve Monroe, CCIM

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

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

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

Tyler R. Bradfield

Ben T. Berry

Abigail Albritton

Senior Associate | Investment Sales O: 979.268.2000 | C: 210.508.0181 E: Tyler.Bradfield@OldhamGoodwin.com

Tyler Reiley

Associate | Investment Sales O: 281.256.2300 | C: 713.598.6332 E: Tyler.Reiley@OldhamGoodwin.com

Associate | Investment Sales O: 210.404.4600 | C: 210.414.4929 E: Ben.Berry@OldhamGoodwin.com

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

Associate | Investment Sales O: 210.404.4600 | C: 817.271.0543 E: Abigail.Albritton@OldhamGoodwin.com

Daniel Powell Transaction Coordinator | Investment Sales O: 979.268.2000 | C: 979.574.5089 E: Daniel.Powell@OldhamGoodwin.com

Commercial Quarterly | 7

Land

PROPERTY SPOTLIGHT JONES CROSSING PAD SITES

11675 Wellborn Road College Station, Texas 77840

NEW H-E-B PAD SITES | FOR BUILD-TO-SUIT OR LEASE

11675 Wellborn Road| College Station, Texas 77845 JONES CROSSING PAD SITES

11675 Wellborn Road College Station, Texas 77840

SUMMARY • PROPERTY DESCRIPTION • MARKET OVERVIEW • DISCLAIMER FM 2818

We llb

orn

Jeremy Richmond, CCIM Managing Director | Land Services O: 979.268.2000 | C: 979.777.8176 E: Jeremy.Richmond@OldhamGoodwin.com

Roa

d

Land Information Size: ~0.8-2.5 AC

Frontage:

FM 2818 and Wellborn Road

Zoning:

General Commercial

Utilities: All to site

Flood Plain:

FM 2

818

None

Property Highlights •

Outparcels to new H-E-B supermarket and 47,000 SF restaurant & retail space

•

+/-1.5 miles from Texas A&M University campus (Fall 2018 enrollment of 66,426 students)

•

Divisible to accommodate a variety of uses such as retail, restaurants, hotels, medical, or professional

•

Projected population growth of over 7% within one (1) mile over next five years

•

Easy access to Texas Avenue, Highway 6, Wellborn Road (FM 2154), and Harvey Mitchell Parkway South (FM 2818)

•

High traffic intersection with more than 78,000 VPD

•

Competitive lease rates for “shovel-ready” pad sites Commercial Quarterly | 9

LAND 3 AC ON HIGHWAY 6

3005 S Earl Rudder Fwy College Station, Texas 77845

FEATURED PROPERTIES

SUMMARY • PROPERTY DESCRIPTION • MARKET OVERVIEW • DISCLAIMER

OFFERING SUMMARY Sales Price

$2,377,505

Pad Sites at Providence Park in College Station, Texas For more information, contact Jeremy Richmond

•

Zoned GC, General Commercial

•

Undeveloped hard corner along Earl Ruddder Freeway

•

Outstanding visibility with 300’ of frontage on Earl Rudder and 380’ on Emerald Parkway

•

Adjacent to technology campus in central College Station

•

Close to medical, dental, financial, legal, and other professional offices

•

Within 2.5 miles of Texas A&M University and approximately 1 mile to medical district anchored

by Baylor, Scott & White Hospital

•

Sidewalk and utilities in place, ready for development

kwy ld P era Em

Property Highlights

Co

Nutech Inc

rsa

ir C irc

le

Subject Property

Pad Sites at Rudder’s Landing in Bryan, Texas For more information, contact Jeremy Richmond

3 AC Hard Corner on Highway 6 in College Station, Texas For more information, contact Mason Schieffer

SITES ZONED FOR MULTIFAMILY South College Station

Willowbrook Mall

Hig

hwa y6

ton

ous mH

kw

ay

liam

Wil

Sa

Subject ir Pra

r

est dW

y6

wa

gh

Hi

10.63 AC for sale near Sam Houston Race Park in Houston, Texas For more information, contact Steve Mattox

Road

Fairbanks N Houston Road

Arrington

s

en

Gre

Subject Subject

oa

ie R

SEC Energy Products & Services

a hP

itc

F D.

tD

ll P ar

rc re s

ay

w Toll

ia

Heron Lakes Golf Course

( ay rkw

LUCKY NAILS

0)

4 ay

hw

Hig

ba

Br

To m

CapRock 10 William D FitchThe Ranch at Arrington 54 AC on Pkwy 7.37 AC on east side of Wellborn Road 12 Texas acres located at the intersection of in College Station, in College Station, Texas South Oaks Drive and Arrington Road, more specifically Augustus Babille Survey, A-75, For more information, contactBrazos Jeremy Richmond For more information, contact Mason Schieffer County, Texas. The property was Approximately 10.5 acres owned by Brazos Texas Land Development, LLC, which is the owner of the CapRock master planned development. The site is generally located south of William D. Fitch Parkway at the northern intersection of Arrington Road and Old Arrington Road. The property was rezoned in January 2017 from GC General Commercial and OV Overlay to MF Multi-Family. The property is currently under contract to purchase, but the potential buyer is possibly interested in “flipping” to another developer that can utilize the site.

rezoned in February 2017 as part of the sale to the current owner, Amstad Development, LLC. The current owner is not interested in selling. They have been very active in site planning, design, and obtaining bids, and SITES ZONED FOR MULTIFAMILY are planning to participate as both developer South Station and general contractor, so College the economic advantages are far greater than selling the land.

RECENT TRANSACTIONS

Hig

hwa y6

liam

Wil

est dW Arrington

s

en

Gre

Subject Subject

oa

ie R

ir Pra

itc

F D.

ay

hw

Hig

y( wa

ark hP

) 40

Road

Tower Point Retail Center

Represented the Seller in the Disposition of Lot 6 at Tower Point retail center in College Station, Texas

10 | www.OldhamGoodwin.com

CapRock 10

Arrington RoadThe Ranch at Arrington

Approximately 10.5 acres owned by Brazos Texas Land Development, LLC, which is the owner of the CapRock master planned development. The site is generally located south of William D. Fitch Parkway at the northern intersection of Arrington Road and Old Arrington Road. The property was rezoned in January 2017 from GC General Commercial and OV Overlay to MF Multi-Family. The property is currently under contract to purchase, but the potential buyer is possibly interested in “flipping” to another developer that can utilize the site.

12 acres located at the intersection of

Bryan Towne Center

Represented the Buyer in the of 9Road, moreRepresented the Seller in the Disposition of SouthAcquisition Oaks Drive and Arrington specifically Augustus Babille Survey, A-75, AC of Multifamily Development property 35,000 SF at Bryan Town Center Brazos County, Texas. The property was rezoned in February 2017 as part of the sale in College Station, Texas in Bryan, Texas to the current owner, Amstad Development, LLC. The current owner is not interested in selling. They have been very active in site planning, design, and obtaining bids, and are planning to participate as both developer and general contractor, so the economic advantages are far greater than selling the land.

LAND ACCESSIBLE EXPERTISE

Jeremy Richmond, CCIM

Cyndee Smith

Brian Allison

Managing Director | Land Services O: 979.268.2000 | C: 979.777.8176 E: Jeremy.Richmond@OldhamGoodwin.com

Senior Vice President | Retail & Land Services O: 281.256.2300 | C: 713.816.3407 E: Cyndee.Smith@OldhamGoodwin.com

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

Steve Mattox

Mason Schieffer, ACP

Jay Tjoelker

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

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

Associate | Land Services O: 979.268.2000 | C: 281.750.5776 E: Jay.Tjoelker@OldhamGoodwin.com

Mary Beadles Coordinator | Land Services O: 979.268.2000 | C: 806.440.2326 E: Mary.Beadles@OldhamGoodwin.com

Commercial Quarterly | 11

Retail

PROPERTY SPOTLIGHT

Rector Plaza

100-144 West Rector Street | San Antonio, Texas 78216

Robert King Vice President | Retail Services O: 210.404.4600 | C: 210.827.8588 E: Robert.King@OldhamGoodwin.com

Property Highlights •

Suite 114 - 2,359 SF

•

Excellent visibility

•

Located directly across from North Star Mall

•

Quick (2 minute drive) access to Loop 410

•

Pylon signage available

•

Abundant parking

•

Strategically located between major thoroughfares, San Pedro Avenue & McCullough Avenue

Commercial Quarterly | 13

RETAIL FEATURED PROPERTIES

New Listing

New Listing

Mil Encinos Shopping Center

Multi-tenant neighborhood retail for lease in San Antonio, Texas For more information, contact Robert King or Abigail Albritton

768 N Earl Rudder Freeway

Freestanding second generation, fullyequipped restaurant for lease in Bryan, Texas For more information, contact Brett Boatner

Rise at Northgate

In-line retail space for lease in College Station, Texas For more information, contact Brett Boatner

RECENT TRANSACTIONS

The Joint Chiropractic

Represented Landlord in lease of 1,237 SF at Jones Crossing in College Station, Texas

Sprint

Represented Landlord in lease of 1,400 SF at H-E-B anchored retail plaza in Bryan, Texas

14 | www.OldhamGoodwin.com

Zero Degrees

Represented Landlord in lease of 1,750 SF at Jones Crossing in College Station, Texas

Angry Elephant

Represented Landlord in lease of 3,500 SF at Brookhaven Retail Center in Bryan, Texas

Threads Boutique

Represented Landlord in lease of 1,386 SF at Jones Crossing in College Station, Texas

Citizens National Bank

Represented Landlord in lease of 2,000 SF at Brookhaven Retail Center in Bryan, Texas

RETAIL ACCESSIBLE EXPERTISE

Cyndee Smith

Robert King

Senior Vice President | Retail & Land Services O: 281.256.2300 | C: 713.816.3407 E: Cyndee.Smith@OldhamGoodwin.com

Vice President | Retail Services O: 210.404.4600 | C: 210.827.8588 E: Robert.King@OldhamGoodwin.com

Brett Boatner

Kerri Noskrent

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

Coordinator | Retail Services O: 281.256.2300 | C: 713.213.7218 E: Kerri.Noskrent@OldhamGoodwin.com

Commercial Quarterly | 15

Office

PROPERTY SPOTLIGHT

CamWest Crossing

8872 Health Science Center Parkway | Bryan, Texas 77807

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

Property Highlights •

Estimated delivery – Spring 2019

•

Within a five minute drive to Texas A&M University, Texas A&M System’s RELLIS Campus, Texas A&M Health Science Center, Easterwood Airport, and Traditions Country Club

•

High-end finishes

•

Modern building systems

•

High speed fiber

•

Efficient single and multi-tenant floor plates with options ranging from 1,500 to 60,000 SF

•

Building identity signage available

•

Parking ratio – 4/1,000

Property Information Transaction: For lease

Type: Class A office

Gross Leasable Area: ~61,000 SF

Site Size: ~3.397 AC

Commercial Quarterly | 17

OFFICE FEATURED PROPERTIES

569 - 4,056 SF of office space for lease in College Station, Texas For more information, contact Jody Slaughter

2,000 - 19,207 SF of office space for lease in Houston, Texas For more information, contact Andrew Baker or Aaron Morris

1,632 - 6,255 SF of office space for lease in Bryan, Texas For more information, contact Jody Slaughter

RECENT TRANSACTIONS

Represented the Seller in the disposition of 5,612 SF office building in Bryan, Texas

Represented the Landlord in the lease of 9,869 SF office space in College Station, Texas

Represented Landlord in the lease of 1,910 SF of medical office space in College Station, Texas

Represented the Landlord in the lease of 8,500 SF of Century Square in College Station, Texas

Represented the Landlord in the lease of 1,240 SF of office space in Bryan, Texas

Represented Landlord in the lease of 9,750 SF at Highway 30 Business Park in College Station, Texas

18 | www.OldhamGoodwin.com

OFFICE ACCESSIBLE EXPERTISE

Jody Slaughter

Andrew Baker

Daniel Powell

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

Senior Associate | Corporate Services O: 281.256.2300 | C: 713.208.0766 E: Andrew.Baker@OldhamGoodwin.com

Coordinator | Corporate Services O: 979.268.2000 | C: 979.574.5089 E: Daniel.Powell@OldhamGoodwin.com

Commercial Quarterly | 19

Industrial

PROPERTY SPOTLIGHT

InnoQuest Industrial Park 2870 North Harvey Mitchell Parkway | Bryan, Texas 77807

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

Property Information Transaction: For lease or build-to-suit

Type: Industrial

Gross Leasable Area: ~200,000 SF

Site Size: ~76.76 AC

Roof Cover: Metal (2017)

Framing: Iron

Structure: Metal frame

Property Highlights •

30’ clear heights

•

Clear span warehouse space

•

3 phase power

•

Rail access (1,100’)

•

15 acres available for future development or laydown yard

•

Redundant electricity

•

High speed fiber

•

12” reinforced concrete slab

•

8” natural gas service

Commercial Quarterly | 21

INDUSTRIAL

FEATURED PROPERTIES

5,250 - 10,000 SF of industrial space for lease in College Station, Texas For more information, contact Jody Slaughter

8,750 SF of industrial space for lease or sale in Franklin, Texas For more information, contact Jody Slaughter

5,000 - 11,440 SF of industrial space for lease in Bryan, Texas For more information, contact Jody Slaughter

RECENT TRANSACTIONS

Represented Landlord in lease renewal of 10,000 SF light industrial building in College Station, Texas

Represented the Landlord in the lease of 51,736 SF industrial building on Highway 6 in Bryan, Texas

Represented the Landlord in the lease renewal of 74,870 SF at InnoQuest Industrial Park in Bryan, Texas

Represented the Landlord in the lease of 9,750 SF of warehouse space in College Station

Represented Tenant in 16,000 SF build-to-suit at Aggieland Business Park in College Station, Texas

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

22 | www.OldhamGoodwin.com

INDUSTRIAL

ACCESSIBLE EXPERTISE

Jody Slaughter

Daniel Powell

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

Coordinator | Corporate Services O: 979.268.2000 | C: 979.574.5089 E: Daniel.Powell@OldhamGoodwin.com

Commercial Quarterly | 23

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 expenses while making your property an asset to the community.

Browse through our portfolio and read more about our services at OldhamGoodwin.com.

MULTIFAMILY MANAGEMENT

Our staff at The Village Condominiums spent the final quarter of 2018 reintroducing themselves to the Waco community.

With direct access to I-35 and two blocks walkingdistance from the Baylor University Campus, The Village Condos offer comfortable and convenient living for both students and working professionals. Additions were made throughout the property this year, including a poolside pergola and professional outdoor kitchen.

www.OldhamGoodwin.com

C

O

M

M

UNITY

O

U

T

REACH The annual student housing fair gave The Village Condominiums the opportunity to reintroduce themselves to Baylor University students.

O C T O B E R Our team at Palm Bluff Apartments in Portland, Texas spent the fall connecting with their residents. October was spent celebrating with Halloween costume contests and trick-or-treating.

COME TOGETHER N O V E M B E R The staff at Catalon at Lago Mar Apartments showed gratitude for their residents by holding a Thanksgiving potluck dinner in the community clubhouse.

Commercial Quarterly

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 and Resorts, Best Western International, Hyatt Hotels Corporation, and Wyndham Hotels and Resorts.

HOSPITALITY MANAGEMENT

NEW BRAUNFELS

CourtyardÂŽ by Marriott New Braunfels River Village The Courtyard by Marriott New Braunfels River Village (NBRV) is unlike any other hotel in the New Braunfels area. Set amongst the century-old cottonwood and pecan trees is the beautiful resort-style property which is located on the banks of the Guadalupe River and Lake Dunlap.

Plan your conference or company meeting in our 6,500 square feet of combined meeting space. The River Village Ballroom offers 3,600 square feet of ballroom space or three rooms, each made up of 1,200 square feet. For more intimate meetings of eight (8) or less, a conference suite is available. The pre-function space and deck offer a spectacular view of Lake Dunlap and overlooks an outdoor function space available for weddings, corporate events, or post-event recreation.

30 | www.OldhamGoodwin.com

HOSPITALITY MANAGEMENT

Inspired Experiences The convenient central location makes the commute from larger cities easier for travelers. NBRV is approximately 30 minutes from the San Antonio International Airport and approximately 45 minutes from the Austin-Bergstrom International Airport.

Complimentary high-speed internet access and on-site audio-visual equipment will ensure a successful meeting. An experienced staff can arrange custom catering, technology, and can accommodate additional requests your meeting or conference may require.

The hotel offers a retreat-like setting with a business atmosphere. Located near major attractions like SchlitterbahnŽ Waterpark Resort, the Comal and Guadalupe Rivers, and the Gruene Historic District (home of Texas’ oldest dance hall).

Commercial Quarterly | 31

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

INNOQUEST Industrial Park

34 | www.OldhamGoodwin.com

COMMERCIAL MANAGEMENT

InnoQuest Industrial Park Oldham Goodwin is pleased to present the newly rebranded InnoQuest Industrial Park (formerly North Point Business Park). InnoQuest consists of over 215,000 SF of heavy industrial space situated on over 76 AC in the heart of Bryan/College Station, one of the fastest growing MSA’s in Texas. The property is leased to regional and national credit tenants with long term occupancy history. The property is easily accessible with significant frontage on both State Highway 6 and North Harvey Mitchell Parkway (FM 2818) and has an inactive Union Pacific rail spur on-site. InnoQuest is the only privately owned business park in the MSA that offers tall clear heights, crane served industrial space and an expansive stabilized yard. Its modest rental rates create future upside through rent growth.

Commercial Quarterly | 35

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.

Fort Worth Stockyards

38 | www.OldhamGoodwin.com

Oldham Goodwin Capital’s latest project is the development of the new SpringHill Suites by Marriott ® located in the historic Fort Worth Stockyards.

Construction of the six story, 170-room all-suite hotel began in December 2017 and is managed by Oldham Goodwin Development and Arch-Con Construction.

areas to ensure the design complements the historic character of the Stockyards.

Steel top-out is scheduled to be completed

by January 31st. Presently, this project is on track to reach it’s goal of a late July 2019 completion date (August 2019 grand opening).

Located at 2315 North Main Street, the 133,000 SF hotel is positioned to attract business and leisure travelers who desire the higher level of amenities and services of an all-suite hotel. Guests will enjoy spacious rooms, fiber-optic internet, over 9,600 SF of indoor and outdoor prefunction space, an event courtyard, business center, conference and banquet space, fitness center, and outdoor pool. The hotel’s top floor will feature presidential suites and a rooftop bar and restaurant overlooking downtown Fort Worth. The property was designed by Atlanta-based Niles Bolton Associates. Studio 11 Design, a Dallas boutique design firm, will handle interior design. The property will include customizations in the lobby and common Commercial Quarterly | 39

BRYAN-COLLEGE STATION

HOUSTON

SAN ANTONIO/SOUTH TEXAS

2800 South Texas Avenue, Suite 401

5050 Westheimer Road

200 East Grayson Street, Suite 102

Bryan, Texas 77802

Houston, Texas 77056

San Antonio, Texas 78215

O: 979.268.2000

O: 281.256.2300

O: 210.404.4600