Commercial quarterly 4th quarter 2017 v4 2

Commercial Quarterly 1st QUARTER | 2018

Commercial Quarterly Volume 10 | Issue 1 | 1st Quarter 2018

About The Cover Jones Crossing is a 71 AC retail development anchored by a 106,000 SF H-E-B shopping center (opening Spring 2018) offering pad sites from 1.07 - 2.76 AC for ground lease and retail space from 1,200 to 40,000 SF. Amenities include patios, amphitheater, and green common areas. Jones Crossing is located at 1800 Wellborn Road at the corner of Wellborn and FM 2818 in College Station, TX within 1.5 miles of Texas A&M University.

Contact Jeremy Richmond at 979.268.2000 or Cyndee Smith at 713.816.3407 for more information.

In This Issue Brokerage News ................................................. 4 Brokerage Services............................................. 6 Investment Sales........................................... 9

Commercial Land........................................ 13

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

2 | www.OldhamGoodwin.com

Editors-In-Chief Audra Kurtz Roger Winckler Andrew Silanskas

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

Oldham Goodwin Marketing Audra Kurtz, Marketing Director Roger Winckler, Marketing Coordinator Andrew Silanskas, Marketing Coordinator Katrina Maldonado, Marketing Coordinator

Leadership Casey M. Oldham, Chairman & CEO R. Hunter Goodwin, President & COO Michael Henderson Amy K. Jones Steve Monroe Clinton D. Oldham George Weatherall J.P. Venuti, CPA

Printing AlphaGraphics The Commercial Quarterly is published four times per year by the Oldham Goodwin Group, LLC. Volume 10, 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 2018 Oldham Goodwin Group, LLC

Commercial Quarterly | 3

Brokerage Focus

On November 1st, the san Antonio/south texas CCIM Chapter held its 26th annual symposium. steve Monroe, Oldham Goodwin’s san Antonio Market Manager, spoke at the symposium about the 2017 multifamly market.

As a CCIM designee for over 20 years, steve shares his insights on the current state of the multifamily market and the growing trends developers utilize to make their products more desirable to a wider variety of residents.

In 2009, steve addressed the CCIM symposium on the same topic and the market at that time was feeling the eff ects of the Great Recession. His 2017 overview recaps the record growth that the san Antonio market has witnessed in the last 8 years.

4 | www.OldhamGoodwin.com

26th Annual Symposium san Antonio/south texas CCIM Chapter

Multifamily Market Overview

Every year since 2011, there was more volume of apartment sales than office, retail and industrial combined.

- steve Monroe, CCIM, Oldham Goodwin Group

“We have seen an increasing amount of interest in our market from investors in recent years. With a metro area of more than two million people, we are now considered a major market by any measure. We are thought of as a pro-business city with a welcoming attitude and a desire to grow our employment base. Apartment properties here tend to trade at a better return on investment for buyers than they do in other similar-sized markets.

Suffi ce it to say that anytime an investor can pursue an opportunity in a stable and growing major market, with a diverse economy and a bright future, while also securing a better return on their investment than is available elsewhere in other markets, they will be interested.

During the past 12 years of investment sales in san Antonio, there are only two years, 2006 and 2010, when apartments were not the most popular product type. In fact, in every year since 2011, there was more volume of apartment sales than offi ce, retail and industrial combined.”

“Over the past ten years, our vacancy rates have ranged from a high of 10.7% in 2009 to a low of 6.7% in 2012. Currently, our average vacancy rate is right about in the middle, at 8.9% overall.

One of the foundations of a solid market is stability, which can also be thought of as a lack of volatility. When the range of vacancy over a ten year period falls within a 4% range from high to low in a given market, that’s pretty stable.

Rents in san Antonio have climbed steadily ever since 2011, right when the market got toward its tightest point. We’re now in our sixth year of rising rents, going from an average rent of about $0.87/sF per month to the current level of $1.12/sF. Remember, this is an average of all classes of properties, A, B and C. ten years ago, there weren’t a whole lot of properties in san Antonio with rents of more than $1.00/sF. Now, the average rent is well over that.

I predict that our apartment market will remain strong. Our job growth should remain steady and among the highest of the major metros in the country. More and more older residents will fi nd apartments to be an attractive alternative to ownership, and younger folks will continue to delay home purchases, whether by choice or out of necessity. Rents will continue to rise, although modestly, at 2% to 3% per year on average, and our occupancy rates should remain in the low 90% range for at least the next year or two, which is about as far as my crystal ball can see.”

Commercial Quarterly | 5

Brokerage Services

today’s real estate climate is fast-paced and complex. Hiring the right representation to suit your specifi c 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 fi eld, supported by a wealth of resources.

Accessible Expertise INVESTMENT SALES

Clinton D. Oldham

Shelby Krause

Aaron Morris

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

Director of Operations | Brokerage Services O: 979.268.2000 | C: 979.324.6787 E: Shelby.Krause@OldhamGoodwin.com

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

Tyler R. Bradfield

Ben T. Berry

Daniel Powell

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

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

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

8 | www.OldhamGoodwin.com

Retail Services

George Weatherall

Cyndee Smith

Brett Boatner

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

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

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

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

Commercial Quarterly | 9

LAND SERVICES

Jeremy Richmond, CCIM

Cyndee Smith

Brian Allison

Managing Director | Land Services O: 979.268.2000 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

Mary Beadles

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

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

10 | 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 | C: 979.574.5089 E: Daniel.Powell@OldhamGoodwin.com

Accessible Expertise Commercial Quarterly | 11

Investment Sales

PROPERtY sPOtLIGHt

Bryan Towne Center 3001 Wildfl ower Drive | Bryan, Texas 77802

Coming Soon

Opening January 2018

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 Oldham Goodwin is pleased to present Bryan towne Center, a target anchored 106,677 sF regional shopping center in Bryan-College station, texas with true value add and upside potential. Located at the intersection of state Highway 6 and Briarcrest Drive, Bryan towne Center is situated at a major intersection in the heart of the city’s rapidly expanding northeast quadrant.

Bryan towne Center presents the opportunity to acquire a well maintained and stabilized center, with existing infrastructure in place for more than 124,000 sF 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 new 35,000 sF lease with tru Fit Athletic Clubs.

Investment Highlights • • • • • • •

106,677 sF regional shopping center with tremendous value add potential in Bryan-College station 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 over 124,000 sF of expansion target anchored with several regional and national tenants provides stable in place income stream 35,000 sF expansion from new lease with tru Fit Athletic Clubs expanding center to 141,677 sF Well maintained center with visibility from major thoroughfares Over seven acres of additional land and infrastructure in place for expansion

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

Building Information Anchor Tenant: target

Building Area: 106,677 sF

Parking:

Abundant surface parking

Land Information Size:

34.03 AC

Frontage:

Frontage on state Highway 6 and Briarcrest Drive Commercial Quarterly | 13

INVEstMENt sALEs

FOR sALE

New Listing

Willow Creek Plaza | Bryan • • • • • •

New Listing

211 N Main Street | Bryan • • • • • • •

New Listing

Rare opportunity to acquire mixed-use Main street building in downtown Bryan Complete renovation in 2010/2011 First floor retail with five second story loft apartments Long term lease with the Chocolate Gallery in first floor retail space Excellent rental and occupancy history in the modernized loft apartments Over 14,400 sF building offered at significant discount to replacement cost For more information, contact Clinton D. Oldham or tyler Bradfield

3800 Highway 6 South | College Station • • • • • •

New Listing

~48,820 sF of multi-tenant retail, office, warehouse and storage space Great opportunity for upside with lease-up of vacant space Excellent visibility from texas state Highway 6 (83,555 VPD) Easy access to Rock Prairie Road and texas state Highway 6 Close proximity to texas A&M University, Baylor scott & White Medical Center and College station Medical Center For more information, contact tyler Bradfield

Old Caldwell Post Office | Caldwell • • • • • •

14 | www.OldhamGoodwin.com

13,400 sF office building priced well below replacement cost at $63.43/sF significant upside opportunity with lease-up of ~4,200 vacant UsF & below market rental rates 1.3 undeveloped acres for expansion or development Excellent opportunity for Buyer to occupy space with little or no operating expenses tremendous location on texas state Highway 6 (63,693 VPD) For more information, contact Clinton D. Oldham or tyler Bradfield

Historic 8,000 sF building priced well below replacement cost at $84.38/sF Fixtures, furniture and equipment available for purchase Property configuration lends itself to a wide variety of uses including an event venue, bar, restaurant or office space New Duralast roof and HVAC system Large 0.78 AC lot with frontage on both West Fox Drive and North Main street For more information, contact tyler Bradfield

Investment Sales

fOR sALE

Briarcrest Commons | Bryan • • • • •

Under Contract

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

4180 Highway 6 | College Station • • • • • • •

~8,300 SF professional office building along State Highway 6 in College Station Irreplaceable location offers great visibility and exposure to over 80,000 VPD Multiple points of ingress and egress Recently renovated interior Flexible floor plan conducive to most professional office use Convenient access to several major thoroughfares For more information, contact Clinton D. Oldham

Gander Mountain | College Station • • • • • •

76,632 SF big-box retail property on 8.64 AC State Highway 6 location exposure to over 75,000 VPD 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

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

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 I-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 Commercial Quarterly | 15

Investment Sales Recent Transactions

Represented the Seller in the disposition of a 72,718 SF Academy Sports + Outdoors in College Station, Texas

Represented the Seller in the disposition of a 36,470 SF self-storage facility in Hunstville, Texas

Represented the Seller in the disposition of 85,008 SF of medical space in Conroe, Montgomery & Huntsville, Texas

Represented the Seller in the disposition of a 21,000 SF industrial building in Brenham, Texas

Represented the Seller in the disposition of a 20,202 SF Pet Smart in College Station, Texas

Represented the Seller in the disposition of a 65,000 SF Academy Sports + Outdoors in Lubbock, Texas

Represented the Seller in the disposition of 169,000 SF of retail space in College Station, Texas

Represented the Seller in the disposition of a 22,800 SF shopping center in College Station, Texas

Represented the Seller in the disposition of 26,260 SF of retail space in Houston, Texas

16 | www.OldhamGoodwin.com

Commercial Land

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PROPERtY sPOtLIGHt

Bryan Towne Center 3001 Wildfl ower Drive | Bryan, Texas 77802

Coming Soon

.67 AC 2.78 AC 1.64 AC Jeremy Richmond, CCIM Managing Director | Land services O: 979.268.2000 E: Jeremy.Richmond@OldhamGoodwin.com

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Mason Schieffer, ACP 1.44 AC

Associate | Land services O: 979.268.2000 E: Mason.Schieff er@OldhamGoodwin.com

1.64 AC

D ve: 35,777 VP

Briarcrest Dri

PROPERtY HIGHLIGHts •

• • • • •

Mixed-use regional shopping center anchored by target, rue21, Pet supplies Plus, Cracker Barrel, upscale hospitality, medical facilities, health & wellness, restaurants and national retailers Visible and accessible to state Highway 6, the most important regional mobility and transportation corridor in the Brazos Valley Outparcels available with all utilities, off -site detention, entitlements and crossaccess parking Located on Briarcrest Drive, central to texas A&M University and all households throughout Bryan/College station MsA Multiple points of access from state Highway 6 feeder and Briarcrest Drive situated in high growth corridor near expanding residential communities and newer public schools 18 | www.OldhamGoodwin.com

PROPERtY sIZE Pad 1: Pad 2: Pad 3: Pad 4:

1.44 AC 1.64 AC 2.78 AC 0.67 AC

COMMERCIAL LAND

FOR sALE

Providence Park | Pad Sites | College Station • • • •

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Rare pad site opportunity less than one mile from texas A&M University Hard corner located in the heart of densely populated high growth area surrounded by student housing Excellent visibility and exposure at signalized intersection Anchored by shopping center with long-term successful tenants For more information, contact Jeremy Richmond

New Listing

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One block away from Broadway street Less than one mile from Pearl Brewery, 0.6 miles from downtown and 2.5 blocks from san Antonio River Walk For the last 80 years, the site was owned and operated as a spring shop Historic residence situated on the property superb redevelopment opportunity New Listing For more information, contact steve Monroe

101 Southwest Parkway | College Station

George Bush Drive

• Copper Creek Condos

Southwest Parkway

1.95 AC

Multiple retail/restaurant pad sites available, anchored by Academy sports + Outdoors shovel ready with all utilities, zoning, off-site detention, and expedited permitting Parking exceeds city code Central to texas A&M University, Post Oak Mall, Baylor scott & White and established neighborhoods & multifamily communities Adjacent to business park campus with 1,500+ employees For more information, contact Jeremy Richmond

1.30 AC

Subject Property

Parkway Circle Apartments

• • • •

Located at the intersection of Wellborn Road and southwest Parkway near upscale student housing 1,071 beds at Campus Village, 1,560 beds at the Woodlands and a total of 17,000 beds within one mile Approximately one mile from texas A&M University Access from southwest Parkway and Wellborn Road ~29,702 VPD on Wellborn Road (per txDOt) For more information, contact Jeremy Richmond Commercial Quarterly | 19

COMMERCIAL LAND

FOR sALE

1201 Wellborn Road | College Station • • • • •

Less than one mile from texas A&M University Located near the intersection of Wellborn Road and southwest Parkway near upscale student housing 1,071 beds at Campus Village, 1,560 beds at the Woodlands and a total of 17,000 beds within one mile Less than one mile from the new H-E-B, opening in spring of 2018 For more information, contact Mason schieffer

1002 Southwest Parkway | College Station Harvey Road

• • • • • • • •

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~195’ of frontage along southwest Parkway 1.5 miles from texas A&M University Multiple hotels adjacent to the property Very close to Highway 6 Across from the newly renovated Allen Honda Dealership Rare opportunity with General Commercial in place Could be used for high-density multifamily, subject to city approval For more information, contact Jeremy Richmond

5.76 AC at NEC of W Villa Maria & 2818 | Bryan Bryan Smiles

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Excellent access and visibility via West Villa Maria Road and FM 2818 Key intersection in expanding west Bryan Positioned between texas A&M University and traditions Golf Club and Community Directly across from Rudder’s Landing, a Walmart anchored shopping center in Bryan For more information, contact Jeremy Richmond

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20 | www.OldhamGoodwin.com

tranquil and wooded 4.92 AC tract on turkey Creek, near F&B Road Very close to Atlas town Center, Viasat, traditions Golf Club and Community, 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

COMMERCIAL LAND RECENt tRANsACtIONs

4.5 AC

1.5 AC

1.1 AC

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1.7 AC

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2.2 AC

1.3 AC

1.4 AC

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SOLD

Gauge Drive SOLD

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1.1 AC

1.1 AC

2.1 AC

1.2 AC

Dynasty Drive

2.7 AC

SOLD

Imperial Loop 1.9 AC

1.8 AC

5.5 AC

Raymond Stotzer Parkway (FM 60)

Represented the seller in the disposition of 1.097 AC at Aggieland Business Park in College station.

Represented the seller in the disposition of ~1.1 AC at Aggieland Business Park in College station.

Represented the seller in the disposition of 2.47 AC at tower Point in College station.

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Represented the seller in the disposition of 33 AC in College station.

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

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

Commercial Quarterly | 21

Retail

PROPERtY sPOtLIGHt

Jones Crossing 1800 Wellborn Road | College station, texas 77845

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

PROPERtY HIGHLIGHts • • • • • • •

New 106,000 sF H-E-B grocery store opening spring 2018 More than 47,000 sF of restaurant/retail space to be delivered in April 2018 Multiple pad sites available for ground lease or build-to-suit +/- 1.5 miles from texas A&M University campus (spring 2017 enrollment of 66,426 students) Amenities include patios, amphitheater and green common areas Population expected to grow more than 7% within one mile over next five years Easy access to texas Avenue, Highway 6, Wellborn Road (FM 2154) and Harvey Mitchell Parkway south (FM 2818)

Cyndee Smith sr. Vice President | Retail & Land services O: 281.256.2300 | C: 713.816.3407 E: Cyndee.smith@OldhamGoodwin.com

PROPERtY AttRIBUtEs Gross Leasable Area: ~47,000 sF

PROPERtY sIZE Pad Site 4: Pad Site 5: Pad Site 6: Pad Site 7: Pad Site 8: Pad Site 9: Pad Site 10:

1.07 AC 1.07 AC 2.76 AC 1.08 AC 1.15 AC 1.84 AC 1.62 AC

tRAFFIC COUNts Wellborn Road ~42,442 VPD

FM 2818 ~35,580 VPD

Commercial Quarterly | 23

REtAIL

FOR LEAsE

New Listing

Bay Area Plaza | Webster • • • • • •

site is located at the hard corner of Bay Area Boulevard and Highway 3 three minutes to Baybrook Mall Great co-tenancy mix of national and regional retailers Excellent visibility to both Bay Area Boulevard and Highway 3 In the heart of the Bay Area Medical Center For more information, contact George Weatherall

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

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, H-E-B anchored, master-planned, mixed-use development For more information, contact Jody slaughter or Brett Boatner

1609 North Texas Avenue | Bryan • • • • • • •

In-line retail space available in H-E-B anchored center Attractive new construction situated in rapid growth area Pad site available for build-to-suit or ground lease Located at Highway 21 and texas Avenue Convenient access with multiple points of ingress and egress For more information, contact Brett Boatner

Aspire | College Station • • • • • • • 24 | www.OldhamGoodwin.com

summer 2018 estimated delivery date Located on University Drive directly across from texas A&M University Ground-floor retail with excellent visibility and high traffic counts First generation retail space Excellent foot traffic from densley-populated Northgate District and texas A&M University Located in an 816-bed luxury student high rise development For more information, contact Jody slaughter or Brett Boatner

Retail

For LEASE

Gander Mountain | College Station • • • • • •

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 from 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 • • • • • • •

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 75,000 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

Rudder’s Landing | Bryan • • • • • • •

Walmart anchored shopping center Located on the NWC of Villa Maria Road and FM 2818 Strategically located between the biocorridor and Texas A&M University Available space: 2,300 SF Excellent access and visibility via Villa Maria Road and FM 2818 Traffic counts (Per TxDOT): West Villa Maria Road: ~14,243 VPD and FM 2818: ~25,868 VPD For more information, contact Brett Boatner or Jody Slaughter

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 George Weatherall or Cyndee Smith Commercial Quarterly | 25

RETAIL

For LEASE

Post Oak Square | College Station • • • • • • •

Well established retail center with excellent mix of national and local tenants Dynamic growth area near numerous restaurants, student housing and retailers Adjacent to Post Oak Mall which is anchored by Macy’s, Dillards and Sears with other prominent national retailers Centrally located less than one mile from Texas A&M University High traffic counts - ~24,787 VPD on Harvey Road Tremendous visibility and convenient access to Harvey Road For more information, contact Brett Boatner or George Weatherall

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

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

Southwest Crossing at Bee Creek | College Station • • • • • •

High visibility with exceptional traffic counts Convenient access to an outstanding mix of restaurants, retail and student housing Easy access to Wellborn Road, Earl Rudder Freeway and Texas Avenue Intersection of Wellborn Road and Southwest Parkway One mile from Texas A&M University For more information, contact Brett Boatner

4344 State Highway 6 South | College Station • • • • • • 26 | www.OldhamGoodwin.com

New construction with drive-thru located in a ~75 AC, H-E-B anchored, masterplanned, mixed-use development Excellent visibility and easy access to State Highway 6 Situated in south College Station’s high-growth corridor and is surrounded by highincome 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

RETAIL Recent Transactions

Represented the Landlord in the lease of 35,000 SF to a regional gym in Bryan.

Represented the Landlord in the lease of 3,000 SF to a national home security company in College Station.

Represented the Landlord in the lease of 2,222 SF to a vinyl record shop in College Station.

Represented the Landlord in the lease of 1,722 SF to a Cajun restaurant in Bryan.

Represented the Landlord in the lease of 1,736 SF to a cigar shop in Pearland.

Represented the Landlord in the lease of 1,000 SF to a national insurance agency in Houston.

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 | 27

Office

PROPERTY SPOTLIGHT

3841 Sagebriar Drive Bryan, Texas 77802

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

Property Highlights • • • • •

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 5.3/1,000 parking spaces

Property Attributes Gross Leasable Area: 5,612 SF

Year Built: 2006

Site Size: ~0.658 AC or 28,662 SF

Parking: 30 surface parking spaces

Traffic Counts State Highway 6: ~17,390 VPD

Commercial Quarterly | 29

OFFICE

For LEASE

New Listing

3988 Greens Prairie Road West | College Station • • • • •

New Listing

3966 Greens Prairie Road West | College Station • • • • •

New Listing

Competitive deal terms Move-in-ready In the heart of growing College Station Close proximity to major thoroughfares, retail, hospitality and restaurants For more information, contact Jody Slaughter

216 North Bryan Avenue | Bryan • • • • •

New Listing

Located in the revitalized historic downtown district of Bryan, Texas Approximately 30 feet of store front Central location with high traffic counts Immediate occupancy available For more information, contact Jody Slaughter

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

30 | www.OldhamGoodwin.com

Eight private offices with conference room, reception area and break room Attractive new construction with high-end finishes Ten dedicated parking spaces Well maintained and in excellent condition 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

OFFICE RECENt tRANsACtIONs

Represented the Landlord in the lease of 1,170 sF of office space in College station.

Represented the Landlord in the lease of 1,890 sF of office space in College station.

Represented the Landlord in the renewal of 2,884 sF of office space in Bryan.

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 of office space 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 Landlord in the lease of 24,559 sF of office space in College station.

Represented the Landlord in the lease of 1,319 sF of office space in College station.

Commercial Quarterly | 31

Industrial

PROPERTY SPOTLIGHT

8301 State Highway 6 Bryan, Texas 77807

Jody Slaughter North

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

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Property Overview

Building Information

8301 Highway 6 is a light industrial warehouse/distribution facility located along Highway 6, one half a mile north of the city limits of Bryan, TX. The building is a 51,736 SF facility with ~3,068 SF of office space and ~48,668 SF of warehouse space situated on three acres. The building has 22’ eave heights, fifteen 10’x8’ dock high overhead doors and is fully sprinklered with three-phase/480 volt power available. The warehouse is also fully ventilated with a surveillance system in place with ample surface parking that can accommodate 18 wheeler access sufficiently. An additional eight acres of adjacent land with rail access can also be made available.

Transaction:

Building Features • • • • • • • •

Three-phase/480 volt power Dock-high loading High-end office finishes Fully sprinklered Ventilated warehouse Fifteen 10’ x 8’ roll-up doors Surveillance system in place Adjacent eight acres with rail access can be made available

For lease

Type: Office, Industrial, Flex

Premises: ~51,736 SF

Year Built: 2012

Gross Leasable Area: ~48,668 SF Warehouse ~3,068 SF Office

Parking: Ample surface parking

LAND Information Size: ~8 AC

Commercial Quarterly | 33

INDUSTRIAL

For sale / LEASE

2134 State Highway 79 | Franklin • • • • •

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

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

Light industrial space Three-phase/660 amp power Grade-level loading Suites come with one 12’ x 12’ overhead door 16’ - 20’ 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 for lease - available for immediate occupancy Three-phase/440 volt power Reinforced concrete slab Metal frame, metal/brick exterior walls 16’ eave height Suites come with one 12’ x 14’ overhead door Grade-level loading For more information, contact Jody Slaughter

7575 North Earl Rudder Freeway | Bryan • • • • • • • • 34 | www.OldhamGoodwin.com

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’ x 28’ Overhead winch crane at center bay Three-phase/480 volt power For more information, contact Jody Slaughter

INDUSTRIAL Recent Transactions

Represented the Landlord in the lease of

Represented the Landlord in the lease of

Represented the Landlord in the lease of

2,000 SF of warehouse space

~16,000 SF of office/warehouse building

9,975 SF of warehouse space

in College Station.

in College Station.

in College Station.

Represented the Landlord in the lease of

Represented the Landlord in the lease of

Represented the Landlord in the lease of

2,000 SF of warehouse space

~51,736 SF of office/warehouse space

~2,000 SF of warehouse spaces

in College Station.

in Bryan.

in College Station.

Represented the Seller in the disposition of

Represented the Landlord in the lease of

Represented the Seller in the disposition of

an ~4,500 SF office/warehouse property in

2,000 SF of warehouse space

an ~21,000 SF of office/industrial space in

Bryan.

in College Station.

Brenham.

Commercial Quarterly | 35

Recreational, Farm & Ranch

PROPERtY sPOtLIGHt

Navasota River Halls special event center on +/- 17 AC in Navasota, texas

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

PROPERTY OVERVIEW 8301 Highway 6 Oldham Goodwin is pleased to present an extremely rare opportunity to acquire or lease all or part of a beautiful special event center near the heart of the texas triangle. Navasota River Halls boasts a multitude of unique qualities that distinguish it from other large entertainment facilities. Perched on the high-water side of the Navasota River, Navasota River Halls provides some of the best scenic views in Grimes County. Upon entering the gates of this hand-crafted facility, you are surrounded by beautiful rustic art and decor. the venue is situated on +/- 17 AC of gorgeous land, which includes a primary building, secondary building, restaurant and gift shop and a vineyard. the Navasota River Halls are designed to host multiple events simultaneously and are ideally suited to host large weddings, corporate retreats and festivals.

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

Mason Schieffer, ACP Associate | Land services O: 979.268.2000 E: Mason.Schieff er@OldhamGoodwin.com

Commercial Quarterly | 37

RECREAtIONAL, FARM & RANCH

FOR sALE

1420 South Berlin | Brenham • • • • • • • •

2,150 sF home built in 2017 ten minutes from Brenham Metal roof, wrap around porch and hardieplank siding Granite countertops in the kitchen Refrigerator included All new fixtures seller/builder will construct carport at cost For more information, contact Cyndee smith

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Rare small acreage tract near Highway 21 20 AC tract with open spaces and trees Just 25 minutes from Bryan/College station Driveway culverts and fencing are in place the rolling terrain and trees are rare for the area Private road For more information, contact Jeremy Richmond or Mason schieffer

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38 | www.OldhamGoodwin.com

Rare to acquire large acreage within the College station IsD with significant potential for future development Option to purchase the 360 AC east of Hopes Creek or the 552 AC in its entirety Ingress and egress provided from south Dowling Road and Hopes Creek Road Greens Prairie Elementary School 2,800’ of frontage along Hopes Creek Road Rolling uplands create unique scenery and hilltop views For more information, contact Jeremy Richmond or Cyndee smith

Castlegate

Pecan Trail Middle School Opening Fall 2018

Pecan Trail Intermediate School Opening August 2017

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RECREAtIONAL, FARM & RANCH RECENt tRANsACtIONs

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Subject Property

Represented the Seller in the disposition of

Represented the Seller in the disposition of

Represented the Seller in the disposition of

a 2,977 SF home on 36 AC in Caldwell.

18.87 AC of farmland in Snook.

a 2,185 SF house and 13 AC in Caldwell.

Represented the Buyer in the acquisition

Represented the Seller in the disposition of

Represented the Seller in the disposition of

of a 26 AC ranchette in Washington County.

68 AC in Wixon Valley.

a 342 AC ranch in Caldwell.

Represented the Seller in the disposition of

Represented the Seller in the disposition of

Represented the Buyer in the acquisition of

106 AC of farm land near Doe Run.

34 AC in Washington County.

a ranchette in Brenham.

Commercial Quarterly | 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 fi nances. 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

Portland, Texas

On August 25th, Hurricane Harvey made landfall only 20 miles northeast of Palm Bluff Place, our newest luxury apartments in Portland, Texas.

Historical rainfall and wind gusts measuring 132 mph pounded the Texas coast claiming dozens of lives and causing billions of dollars in damage.

Many structures were destroyed, as roofs were blown off and walls collapsed. Electricity and water services were lost. The highest storm surge levels, measured at the Aransas Wildlife Refuge, were more than 12 feet above ground level.

Source: @ AnayeliNews

The thousand-year flood

51.9

inches of rain - a record from a tropical cyclone in the continental United States

130

miles per hour - estimated maximum sustained winds at landfall

42 | www.OldhamGoodwin.com

Source: Tim McCallum

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Multifamily management

After the storm Portland was spared from the worst of Harvey’s wrath due to a last-minute shift in the storm’s direction. Many residents still suffered property damage. Debris from damaged fences and downed-trees scattered the town.

Harvey caused interior/exterior damage to 64 of Palm Bluff’s 144 finished units. Oldham Goodwin’s Multifamily Management team has been working with city officials and local construction teams to repair the damage.

Currently, 36 units have been fully restored and the remaining units are scheduled to have repairs completed in the 1st quarter of 2018. Construction on the remaining 106 units is scheduled for completion in the 1st quarter of 2018.

Commercial Quarterly | 43

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 fl ow, 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

Houston Northwest After sustaining major flood damage due to Hurricane Harvey, SpringHill Suites Houston Northwest is in the midst of a complete rebuild of their first floor’s lobby, bar, and conference center.

“The vast majority of our guests and community have been overwhelmingly supportive of our situation and have been happy to support us in our rebuild,” said Sales Manager Debbie Bunn. “Our only hope is that people continue to bear with us as the rebuild takes a while and the hurricane leaves people’s recent memory. We plan on rebuilding better than we were before while we continue to be open for business.”

The project is estimated to be completed in early March 2018.

The hotel’s second through fifth-floor guest rooms will remain open for business throughout the renovation.

46 | www.OldhamGoodwin.com

HOsPItALItY MANAGEMENt

The art of rebuilding Artist Mario Ramos along with students from Lone star College recently showed their community support by painting a beautiful texas-sized mural on springHill suites’s makeshift lobby wall. “this was a great opportunity to give back to the state and city I love very much,” said Ramos. “I had the opportunity to use my talent to bring a little happiness and help the recovery by possibly uplifting spirits, so it was a no-brainer.” A second mural, “Houston United”, was also completed and is on display near the hotel’s back entrance. this community relationship was formed in part due to the “Art of Local” – a local community art series from springHill suites by Marriott. By showcasing the work of talented local artisans, Art of Local aims to inspire guests to explore each destination through art. these murals can be viewed at springHill suites Houston Northwest, located at 20303 Chasewood Park Drive, Houston, texas.

This was a great opportunity to give back to the state and city I love very much.

- Ramos, local artist

Commercial Quarterly | 47

Commercial Management

Oldham Goodwin’s commercial management team includes experienced property managers, facilities personnel and knowledgeable accountants to service retail, offi ce 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 fi nancial reporting. We provide monthly detailed management and fi nancial reports to provide ownership with the knowledge to make informed decisions.

COMMERCIAL MANAGEMENt

PARK CENTRAL CENTER

On February 4th, 2012, more than two dozen fi refi ghters rushed to Park Central Center in Bryan. Just after 10 p.m., a fi re was reported at a one-story business within the plaza.

Located at 4501 south texas Avenue, the vacant property was once occupied by Fajita Rita’s and Las Lomas Mexican restaurants. Firefi ghters battled the blaze for several hours, but to no avail. After the blaze, fi re investigators stated that lightning likely was the culprit.

Blue Moon Digital Art & Photography

Blue Moon Digital Art & Photography

50 | www.OldhamGoodwin.com

COMMERCIAL MANAGEMENt

Redevelopment the Park Central Center was, and still is, managed by the Oldham Goodwin Group. the Commercial Management and Retail services divisions immediately started working on a marketing and leasing plan, preparing fi nancial reports and creating an operations strategy for the site. the redevelopment began with the construction of a new 5,000 sF retail building. the project was completed in late 2014. First Watch decided to open their fi rst location in Texas in the new building. Hungry Howie’s Pizza quickly added their second B/Cs location in the adjoining space.

phy

Commercial Quarterly | 51

Development

successful real estate developers know their market intimately and have the ability to effi ciently 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 fi rm, 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 fi nance to ensure investors and end users receive the maximum benefi t from the project.

Development

Location, community & quality Living Catalon at Lago Mar is Texas City’s newest luxury rental community. Oldham Goodwin Development partnered with M-Group Companies to develop the 230-unit Class A apartment complex. Oldham Goodwin Development worked with the City of Texas City and Galveston County Municipal Utility District No. 54 to extend utilities to the site and to create a large regional storm water detention facility for the development of the area.

This project was financed through a FHA 221(d)(4) loan guaranteed by HUD which is the multifamily industry’s highest-leverage, lowest-cost, non- recourse, fixedrate loan available for developers.

Catalon at Lago Mar was completed by Oldham Goodwin Development on time and under budget and is currently 97% occupied.

54 | www.OldhamGoodwin.com

DEVELOPMENt

Housing affordability in College Station Oldham Goodwin Development is pleased to announce the development of 73 lots exclusively for stylecraft Builders on 19 acres in the most northwest section of Creek Meadows in College station, tX. “We could not be more pleased about this next section of home sites in Creek Meadows. We are proud that Oldham Goodwin chose to partner with us on this project and we are eager to get underway. these home sites will allow us to build a product with fi rst time home buyers in mind” said Doug French, CEO of stylecraft Builders.

Construction for this phase of Creek Meadows is underway and is expected to be completed by early 2018.

These home sites will allow us to build a product with first time home buyers in mind.

- Doug French, CEO of stylecraft Builders

Commercial Quarterly | 55

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, offi ce, 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, offi ce buildings, and retail properties throughout texas. We focus on acquisitions of assets with value-add opportunities relating to operational ineffi ciencies, 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 fl ow 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 fl ow, refi nance, and net sales proceeds (after all expenses and debt payments) are typically distributed fi rst 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 effi ciencies and profi t growth, generation of attractive yields via periodic distributions to investors, and superior investor relations and transparency by means of quality fi nancial reporting.

OLDHAM GOODWIN CAPItAL

Fort Worth Stockyards Oldham Goodwin Capital announces the groundbreaking of springHill suites by MarriottÂŽ located in the historic Fort Worth stockyards. Construction of the six story, 170-room all-suite hotel began on December 29th and is managed by Oldham Goodwin Development and Arch-Con Construction.

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, a gigabit of fi ber, over 9,600 SF of indoor and outdoor pre-function space, an event courtyard, business center, conference and banquet space, fi tness center, and outdoor pool. The hotel’s top fl oor will feature presidential suites and a rooftop bar and restaurant overlooking downtown Fort Worth.

58 | www.OldhamGoodwin.com

OLDHAM GOODWIN CAPItAL

Conception to creation the property was designed by Atlanta-based Niles Bolton Associates. studio 11 Design, a Dallas boutique design fi rm, will handle interior design. the property will include customizations in the lobby and common areas to ensure the design complements the historic character of the stockyards. Construction is expected to take 14 to 16 months with a completion date in the second quarter of 2019.

In May 2017, demolition of “the wedge” began. the former Wells Fargo building, built in 1969, served as impetus for the adoption of a form-based code for the stockyards Design District as a way to provide guidelines and standards for new construction.

People were annoyed with it. It just didn’t fit. We welcome the new hotel.

- Keith Powell, President, stockyards Business Association

Marriott has been involved at every step in the design process because the hotel is 100 percent custom. I believe it’s imperative that we deliver a product that looks and feels like the Stockyards.

- Hunter Goodwin, President & COO, Oldham Goodwin Group LLC

Individually distinctive. Collectively powerful.

Commercial Quarterly | 59

BRYAN-COLLEGE STATION

HOUSTON

SAN ANTONIO/SOUTH TEXAS

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