Page 1

OCTOBER 2018

YOUR COMMERCIAL REAL ESTATE MARKETING SOURCE

Inside: Waller County: Houston’s New West Side I-35 & Loop 1604 Corridor: Zooming In On Central Texas Women In Real Estate: Summits In Houston & Dallas

The New West Houston Full Story on page 8

THE UPLANDS at Twinwood


Gulf Inland Logistics Park, Texas ±1,050-Acre Rail-Served Development Opportunity No asking price, sale price determined by offer through sealed bid process

Sealed Bid Sale

Offers Due: 11-16-2018

Cushman & Wakefield is pleased to offer for sale by sealed bid this strategic rail-served development opportunity in the Texas Gulf Coast Market, just Northeast of Houston. Project sale includes several user sales in the property. Construction of First Phase infrastructure is scheduled to commence in October 2018. Planned storage for over 2,000 railcars may be a significant driver for a purchaser with possible experienced rail and project manager available. PROPERTY

UTILITIES

The site is comprised of ±1,050 acres of land immediately west of the BNSF 4,700-car facility rail yard and across the Baytown branch line from the UP 3,000-car rail yard.

• • • •

138V transmission line on site and a 13.2V distribution line Water and sewer service from City of Dayton Natural gas directly to property in 4-inch lines 24/7 operational capacity regardless of noise, lights, etc.

LOCATION/ACCESS

High-speed internet connections via Comcast and AT&T

Highway connections to the Port of Houston via US Highway 90 and to Houston and its highways via Highway 146 have been improved and widened to allow greater access to and from the Property. ±3,150 feet of frontage on US Highway 90, and direct access to Highway 146, which provide direct connections to I-10, I-45, Beltway 8, and US Highway 59 The Grand Parkway, a major outer loop planned to encircle the MSA, is projected to traverse through the property with completion scheduled for 2022. It will significantly enhance access and travel times. 30 miles to Bush Intercontinental Airport

Direct access to Port of Houston ± 25 miles to the South

RAIL •

Dual-rail-served by BNSF Railway and Union Pacific Railroad with strategic positioning 1 mile south of the joint BNSF/UP main line connect Houston to New Orleans and beyond. The Baytown Subdivision bisects the property. There is an opportunity to connect industrial real estate product with rail service from CMC Railroad, BNSF Railway or Union Pacific via the Baytown Branch line. Additional permitting given existing connections is considered minimal.

COMMENTS •

Recognizing the limited supply and growing demand for rail-served sites in Houston, Gulf Inland has commenced its Phase 2 expansion to accommodate numerous users. Total build-out of over 14 million square feet of planned industrial and commercial development with buildings ranging from 100,000 to 1,500,000 sq. ft. The Property will be positively affected by the 6-billion-pound surge in polyethylene production on the Gulf Coast from Dow Chemical, ExxonMobil Chemical, and Chevron Phillips Chemical – anticipated to occur in the near term.

B. Kelley Parker III, SIOR - (713) 963 2896 John F. Littman, SIOR - (713) 963 2862 Coe Parker, SIOR - (713) 963 2825

©Cushman & Wakefield, 2018. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. Cushman & Wakefield of Texas, Inc. – Licensed Real Estate Brokers.


±7.76 ACRES BROWN RD. TOMBALL, TEXAS

2018 ESTIMATED DEMOGRAPHICS within 3 miles

KRISTEN MCDADE Senior Director 713.469.4509 kristen.mcdade@berkadia.com

±7.76 acres with 767’ of frontage along Brown Rd. in Tomball, TX

Easy access from 249/Tomball Tollway (expected completion winter 2019)

Tomball ISD: Tomball Elementary, Tomball Junior High and Tomball High School

Zoned PD - Planned Development District

Not in floodplain and no wetlands

Contact broker for pricing

21,728 POPULATION

MATT DAVIS Associate 713.974.2407 matt.davis@berkadia.com

$

SITE

$99,063 AVG. HOUSEHOLD INCOME

$

$296,590 AVG. HOUSING VALUE

LAUREN GEARY Transaction Manager 346.444.8968 lauren.geary@berkadia.com

© 2018 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. In California, Berkadia Real Estate Advisors Inc. conducts business under CA Real Estate Broker Lic. #01931050, Berkadia Commercial Mortgage LLC under CA Finance Lender & Broker Lic. #998-0701, Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116. For state licensing details for the above entities, visit: www.berkadia.com/legal/licensing.aspx


IN THIS ISSUE

13

8

16 20 28

Market

Sales & Leases 1-3, 5, 11, 13, 15, 17, 19, 22 – 27, 29

Services

Environmental Services 30, 43 Legal Services 13 Real Estate Events 7

Scoop

Events 32, 34, 36 Social 33, 35, 37 Bulletin 38-40

Features

Hot Spot: Waller County 8 – 10, 12 First Annual Women in Real Estate Summit – Dallas 13, 18 First Annual Women in Real Estate Summit – Houston 16, 18

1031 Exchange Services 13

Hot Spot: I35 & Loop 1604 Corridor 20, 21, 24

Title Services 29

CIVIL FAIR PLAY Building Permits: Navigating the Bureaucracy 28

4

OCTOBER 2018


With this much highway frontage, your business belongs in Seabrook. <<HIGHWAY EXPANSION

Available Real Estate for Sale or Lease Seabrook Town Center

› Retail and dining pad sites › Seeking grocery anchor

NORTH PLANNING AREA THE

COMMONS

TOWN CENTER

GALVESTON BAY

The Commons

LAKE MIJA

› Borders a new 416 unit luxury apartment complex › 30,000 square feet of retail space

TAYLOR LAKE

North Planning Area › 90 +/- acres of prime site adjacent to the Bayport Container Terminal

and Residential

Old Seabrook District

OLD SEABROOK DISTRICT

› Beautiful and Historic Main Street Area › Mixed commercial and residential lots Waterfront District

CLEAR LAKE

GALVESTON BAY

› › Prime for dining and entertainment use

WATERFRONT DISTRICT

DISTANCE

30to minutes Houston ECONOMIC DEVELOPMENT CORPORATION

v pchavez@seabrooktx.gov v 281.291.5730 v seabrookedc.com

Primary Retail Trade Area


Letter from the Publisher

YOUR COMMERCIAL REAL ESTATE MARKETING SOURCE

PUBLISHER

Ginger Wheless  ginger@REDNews.com

EDITOR

Margie Gohmert info@REDNews.com

STAFF WRITERS

Janis Arnold janisarnold1@gmail.com Ray Hankamer rhankamer@gmail.com Brandi Smith info@REDNews.com

Dear Readers,

Last year our October issue was devoted to accolades for heroic Houstonians and tips about recovery from Hurricane Harvey. During that time Texas experienced 27 trillion gallons of rain and Houston alone had more than 50 inches - so much so that the National Weather Service had to update the colors on its weather chart to properly account for it. By some accounts, the weight of the water temporarily sank our city by almost an inch. Even though 13 million people throughout Texas were affected by the hurricane, the commercial real estate market barely registered a downward blip on the screen and the market has continued to be strong throughout this past year.

This month we focused on hot spots in Texas which include Waller County & the San Antonio region. Waller County is touting itself as the new West Houston and based on all the new development in the area, I’m betting it’s true. In San Antonio, DHRP’s Mike Hoover and John Cannon as well as Brent Koontz with Koontz Development, are very busy with developments along the I35/Loop 1604 & I35/New Braunfels corridors. Last month on September 11th & 12th, REDNews joined forces with Real Estate Summits to host the inaugural Women in Real Estate Summits in Houston and Dallas. Both events were tremendously well received by the primarily female attendees. A comment from one of our few male Houston attendees was “a whole lot of men missed out on a whole lot of worthwhile information”. Gentlemen, you’ll get another chance September 2019! Have a great month! Best Regards,

CONTRIBUTING WRITERS

Omar Izfar oizfar@wcglaw.com Amy Sorter amy@wordsorters.com

MANAGING DIRECTOR

Benton Mahaffey accounting@REDNews.com

EMARKETING DIRECTOR

Robert Frogee emarketing@REDNews.com

CREATIVE DIRECTOR

Steven Smith digital@REDNews.com

SALES

Ginger Wheless  ginger@REDNews.com

PRINT & DIGITAL DISTRIBUTION

REDNews is directly mailed each month to commercial real estate brokers, investors and developers throughout Texas and the US. Texas Brokers: 8,150 Texas Leasing/Tenant Rep: 6,232 Texas Investors: 4,979 Texas Developers: 4,710 Outside Texas Investors, Brokers, Developers etc: 26,387

TOTAL QUALIFIED ONLINE REDNews DISTRIBUTION: 50,458 REDNews has gone green using recycled paper. Thank you Midway Press! To subscribe to REDNews call (713) 661-6300 or log on to REDNews.com/subscription. 2537 S. Gessner, Ste. 126 Houston, TX 77063

Ginger Wheless

6

OCTOBER 2018


Great Opportunities Await

We have many events and conferences planned for 2019 Contact us today to get your company involved Ginger Wheless | REDNews | 713-661-6300 | Ginger@rednews.com Jeff Johnson | Real Estate Summits | 952-405-7780 | jeff.johnson@resummits.com

71

Events

in 10 states


HOT SPOT: Waller County Houston’s New West Side

BY BRANDI SMITH

Driving on I-10 about 35 miles west of Downtown Houston, it’s a blink-andyou-might-miss-it moment. A larger-than-life Igloo Cooler sits in the distance, marking the entrance to the company’s massive plant. It’s a very visual cue that you’ve reached West Ten Business Park.

“It was one of the first premier business parks in that area,” says Brett Walker, executive vice president of Parkside Capital, which developed the project. Looking at it now, most developers wouldn’t bat an eye at picking up 500 acres with frontage along I-10, U.S. 90 and Katy’s Cane Island Parkway. It was a different story in 2008 when Parkside bought the acreage. Brett Walker, Executive Vice President, Parkside Capital

“Some people would say we were crazy,” Walker laughs. “But in hindsight, we were ahead of the game.” West 10’s location created some initial concerns for its new owners. The entire property was located in Katy, though a portion of it was in Fort Bend County and the rest was in Waller County. That meant it would have to work with a number of different agencies, including the City of Katy, Fort Bend County and Waller County Economic Development Partnership.

“All the agencies we worked with really worked together to make this happen. The amount of cooperation has been very encouraging,” says Walker. “Waller County EDP comes to the table with the end user in mind. Their interest is in creating long-term value and generating a good employment base for the county.” Three years in, the company made its first sales to Igloo and Medline. Since then, companies such as Vahle, Oakmont Industrial Group and Pepperl+Fuchs have moved in. Parkside has sold most of the tracts in the past few years, but it still has about 12 acres left.

WE S T T E N

COURTESY PARKSIDE CAPITAL 8

OCTOBER 2018

John Isom,

Director, West Ten’s success has folCity of Waller lowed right along with that Economic of Waller County. Stretching Development Corporation more than 515 square miles on the west side of Houston, major highways such as I-10, SH 6 U.S. 90 and U.S. 290 all run through it. As construction has wrapped up on the latter, interest in the area has increased, according to John Isom, director of the City of Waller Economic Development Corporation.

“If companies located here need to ship anything or travel anywhere, they can easily head any direction they want to,” Isom adds. Its accessibility has helped make Waller County a destination for companies and homeowners, who are each looking for space to grow away from the city’s tight quarters. In 2000, the county boasted a population of just more than 32,000. That number has since topped 40,000 and is expected to grow exponentially in the years go come.


DA IK IN “I think we’re going to continue to see that kind of residential growth because of the jobs coming here,” says Isom. A prime example of that is the $417 million manufacturing hub that Daikin Industries opened in 2017. The 4.1 million square foot facility for the Japanese heating and cooling maker, is built on a 491-acre parcel located on U.S. 290, just east of Waller. The company started with 1,000 employees, but expects to have about 7,000 by 2020. Keith Edwards, Senior Vice President, Caldwell Companies

“It’s a driver for residential development,” says Keith Edwards, senior vice president of brokerage services for Caldwell Companies, which represented the seller in the Daikin deal. “I think the 290 corridor is going to be totally developed within the next decade.” The firm is backing that up, having just recently closed on 58 acres along the freeway for commercial development. Other companies that have built their North American headquarters in Waller County include Burckhardt Compression, Goya Foods and MAN Energy Solutions, formerly MAN Diesel & Turbo, which located at the new The Uplands Business Park at Twinwood, a new 600-acre industrial development located just south of I-10.

“... a new phase of growth …” That’s why developers, such as Wolff Companies, have taken notice. Now in its fifth decade, the company has been a leader in developing master-planned, mixed-use business communities in the Houston area. “We have remained focused on the Houston market – and more specifically, properties along major freeways in West

COURTESY DAIKIN NORTH AMERICA

Houston – since our inception,” explains Carolyn Wolff Dorros, the company’s executive vice president. “We study these corridors constantly. It is one slice of the business where we have developed expertise.” Examples of that range from Brookhollow, a 160-acre project on the then yet-to-be completed West Loop at U.S. 290, to projects such as Park 10, Ten Oaks and Central Park on I-10 and Beltway and Westway Park on the Sam Carolyn Wolff Dorros, Houston Tollway. The com- Executive Vice President, pletion of reconstruction Wolff Companies along U.S. 290, says Wolff Dorros, is a bellwether of a “new phase of growth for that corridor.” The company recently purchased more than 520 acres with nearly 4,200 feet of frontage along U.S. 290, dubbing it Beacon Hill. It will use 251 acres to build a business park catering to uses ranging from light industrial and distribution to office and retail. Wolff sold the remaining 270 acres to Long Lake Ltd. to develop a master-planned residential community featuring approximately 1,000 homes.

Long Lake, which delivered nearly 1,000 homes in 2018, is one of the most active home builders in the Houston market. The company chose Beacon Hill as the site for its newest development to capitalize on its success in the Villages of Cypress Lakes. The 2,500home development located on U.S. 290 inside Grand Parkway will be sold out within the next 18 months. According to Wolff Dorros, Long Lake, which builds under a variety of brand names, will begin design work immediately and aims to deliver its first lots by January 2020 with completed homes to follow shortly thereafter. Though Wolff has only just started the process of working with Waller County EDP and the City of Waller EDC, Wolff Dorros says “we are very much looking forward to the relationship. Every one of the individuals with whom we’ve worked to date has been extraordinarily helpful in this process.”

Bob Nickles, Principal, Alegacy Development

“... a perfect position …” That’s a very similar experience to Alegacy Development’s cooperation with the EDPs at the city and county level. “They’ve been really willing participants, helpful contributors,” says Bob Nickles, principal at Alegacy Continued on Page 10 > OCTOBER 2018

9


HOT SPOT: Waller County

B E ACO N H IL L

Houston’s New West Side

< Continued from Page 9

Development “I think you’ll find Waller County as insightful and active as any in the country to add the right jobs and add the right development. “ Nickles’ company has helped add more than 260 jobs in Waller County since it built a heavy industrial park. In addition to the 200 provided by anchor Alegacy Equipment, Cordyne Electrical Manufacturing & Distribution and Grizzly Services have contributed an additional 60. “These are fantastic, skilled, high-paying, full-benefit jobs in manufacturing, heavy fabrication, assembly, and the like,” boasts Nickles. “Those are jobs that weren’t here when we bought the cornfield in 2013.” Finding that cornfield was easy for him. “We live in the area, so we looked for and found the piece of property we wanted in this region,” Nickles says. The company has turned the 90-acre parcel into a home for several different crane-served buildings. Right now, about 275,000 square feet are under roof, leaving another 40 or so acres for development. “We’ve built everything here to be extra heavy duty. As the anchor tenant, Alegacy Equipment requires everything we do inbound and outbound is from that oversize and overweight load perspective. So, very heavy, extra-large everything,” explains Nickles. “We built this entire development for like-kind businesses.”

A L EGACY

That means infrastructure like extra-wide roads with extra-concrete thicknesses and extra crane tonnage. “With the combination of U.S. 290 being finally almost finished and SH 99 going in, it puts us in a perfect position to recruit and have employees from all around town, virtually, all around the Houston metro,” Nickles adds. “That really provides the ability for this area to build out into the next major corridor of Houston.” Hydie McAlister, Partner, RCR Rail Co.

“... failure is not an option …”

The thing about Waller County is freeways aren’t the only transportation option. Rail is also a major player for corporations looking to move their product, specifically the Union Pacific Class Sharon Beach, 1 railroad that runs through Partner, Hempstead. That’s what RCR Rail Co. caught the eye of RCR Rail Co., an offshoot of McAlister Assets launched by Hydie McAlister and her business partner Sharon Beach. The company purchased 120 acres north of Hempstead with plans to build a rail-served logistics park.

COURTESY ALEGACY DEVELOPMENT 10

OCTOBER 2018

“Hempstead started out as a rail community. If you look at the City of Hempstead sign, it contains a rail locomotive,” says Jeff Pittman, vice president of

COURTESY WOLFF COMPANIES

land and industrial for CBRE. “What we’re trying to do is bring that industry back, but a modern version of it.” “For a rail park, geographic location is important. You need to be close to highways Jeff Pittman, and industry, but what’s Vice President of Land and Industrial, more important is how the CBRE. location complements the network of the Class 1,” McAlister explains. “The northwest quadrant of Houston, which has access to Waco and Austin and sits on the Union Pacific rail line, is a strategic place for Union Pacific” But she adds, “there are no public parks on the west side of Houston; rail business tends to be focused on the east side of the city.” Pittman continues, “Union Pacific, I think we can say, is excited about this project, too. It doesn’t approve projects without being something that they want in their network.” The partners emphasize their park will be high-end and industrial grade, benefiting the city. That’s especially important, says McAlister, since it’s being built at the entrance of Hempstead. “The clients we’re talking to are national- and international-grade firms that want to consolidate here,” she says. “We want it to compliment Houston and Continued on Page 12 >


COUNT ON CALDWELL FOR NEED TO TRACT DOWN ALL YOUR INDUSTRIAL NEEDS

GREAT SITES?

5 BUILDINGS FOR SALE OR LEASE +/-88,025 SF ON +/-6.9208 ACRES (WILL DIVIDE)

• • • • •

572 Acres For Sale FM 2855 near FM 529

+/- 80,014 SF OFFICE WAREHOUSE FOR SALE NORTH HOUSTON

373 Acres For Sale FM 1486 - Montgomery

61.08 Acres For Sale US-59 North

1,851’ of frontage along FM 2855 • 1,912’ of frontage along FM 1486 Unrestricted • Unrestricted Not within the FEMA flood plain • 2 miles from Bluejack National Golf Great development spot Community Uses: Commercial, Industrial or • Fantastic development potential LOCATION: West of the US Hwy 290/W 43rd LOCATION: Residential development

1,259’ of frontage along US-59 Unrestricted & minutes away from Kingwood • Outside the flood plain 3 miles fromHouston, the GrandTX Parkway 711•Rankin Road, 77073

SALES PRICE:

League Contact Broker Line

SALES PRICE:

$5,100,000 “As Is”

LEASE RATE:

$0.59 NNN

OPEX:

$0.15

TOTAL SF:

CAMPUS OVERVIEW:

SITE 5 Buildings 113 Acres +/-88,025 SF +/-6.92 Acres

81,014 SF Total - 25,969 SF Two-Story Office - 39,181 SF Warehouse (additional 4,884 SF office plus 10,980 SF in other freestanding buildings)

• •

Teas Nu 4133 SOUTHERLAND: rsery R oad • 28’ eave height • 2,000 amp power • +/-3.9348 acres

• •

SITE We st

• • •

12 Acres

Gre

en

Roa d

+/-57,890 SF +/-16,000 SF two-story office

4201 DAYCO/NORTHFIELD COMPLEX:

Antoine Drive

Street intersection in NW Houston, Contact: Keith Texas Edwards, CCIM, SIOR Contact: Keith Edwards, Contact: Keith Edwards, USE: CCIM, SIOR Office/Warehouse - Ideal forCCIM, SIOR 77092 Corporate Headquarters USE: Heavy Duty Manufacturing

LOT SIZE:

+/-20 Acres

PARKING:

Ample Parking

HIGHLIGHTS:

• • •

Located outside city limits New roof installed in 2016 Will subdivide into approx. 8 acre & 2,000 12 acreAcres tract For Sale FM 1462 • • Adequate power at on site 2.5 miles of frontage FMand 1462 more available • 1.5 miles frontage on Cow Creek Road

Acres For Sale +/-21’ eave113 height • +/-0.98 acre laydown4170 W Green Road I-45 North of 3083 600 amp power • 5 & 10 ton crane served North Houston • Quick access to SH 249 & I-45 • 1,900’ frontage on south bound I-45Dayco) +/-2.9860 acres (4201 • • •

• One block off Beltway 8 feeder • 2 creeks, 5 tanks • 16,800 SF building situated on 12 Great visibility from I-45 For acres more information, contact: • Surrounded by mature acreage Outside the 500 year flood plain BILL GINDER, CCIM,• SIOR | 281.664.6641 BGinder@CaldwellCos.com communities of Pecan Bend and Pecan 100% air conditioned| building No restrictions JOHN GINDER | 281.664.6668 | JGinder@CaldwellCos.com Bend South

Contact: Keith Edwards, CCIM, SIOR

Contact: Keith Grothaus, CCIM, SIOR

Contact: Mark Terpstra

The information contained herein is believed to be correct, but should be independently verified. No warranty or representation is made with regard to such information. All prices are subject to change without notice and property is subject to prior lease, sale or withdrawal from the market without notice.

HOUSTON HOUSTON

|

THE THE WOODLANDS | COLLEGE STATION WOODLANDS COLLEGE

|

CaldwellCos.com CaldwellCos.com |

STATION

713.690.0000 713.690.0000


HOT SPOT: Waller County Houston’s New West Side

< Continued from Page 10

M A N E N E R GY COURTESY KDW LTD

R C R HEMPSTEA D LOGIST I C S PARK COURTESY RCR RAIL CO.

we want to work with Waller County EDP and the city of Hempstead to make that happen.” The project is a labor of love for McAlister, who lives just five miles from the property and watched the area lose hundreds of jobs when Lawrence Marshall closed its dealership back in 2009. “After that, the industry in the Hempstead area just went really dormant,” she says. “I personally was interested in bringing a high-end industrial park and high-employer businesses back to Hempstead.” “Failure is not an option, and in turn, we’re invested in the area as far as being in Houston for a very long time,” echoes Beach. “It’s personal to give back to the community, as well as bringing industry to the growth of Houston.” Crews are currently clearing the property, which should be finished in the next 30 days or so. Construction and installation are expected to get underway in Q1 2019 with operations starting in Q2 2019. Eventually, McAlister says, she’d even like the project to include a museum honoring Hempstead’s rail history. It’s a conversation she’s had with Vince Yokom, executive director of the Waller County EDP, with whom RCR Rail Co. worked to get its railserved industrial development started. “It’s been a great relationship,” says McAlister. 12

OCTOBER 2018

“... a lot of good projects …” Though they range in offerings, many of the corporations in Waller County have that in common; they all speak highly of Yokom and the EDP. “We’re attracting top-tier companies and we’re getting a lot of North American headquarters,” says Yokom. “There are a lot of good projects here. We’ve always focused our energy on projects that we feel are a good match. We don’t just jump in there with anybody.” Instead, the EDP approaches every project on a case-bycase basis. Every business, he explains, is coming to Waller County with a unique set of circumstances and it’s important for the EDP to be able to develop a similarly unique response. Vince Yokom, Executive Director, Waller County Economic Development Partnership

“We don’t say, ‘Hey, we gave so-and-so a deal. We’re going to need to do this kind of the same deal,’” says Yokom. “That will never happen.”

While the EDP’s ultimate goal is to bring in new business, it’s also trying to determine what works best in what part of the sprawling county. It’s using its available incentives to encourage more directed development.

“For example, there are a lot of distribution centers going in along I-10. When you consider the overall impact of putting another 2,000 trucks on the road in that area right now, that isn’t the best long-range plan,” Yokom says. “We might offer incentives for a distribution center that wants to go along U.S. 290 instead since we don’t have as many there.” The EDP also works to expedite the timeline for project approvals, especially for those that fall inside a city’s limit. It implements what it calls a parallel abatement process, beginning its approvals at the same time as the city does, thereby cutting the waiting period in half. Yokom also points to the organization’s fast and consistent review process for prospects. “We try to respect their timelines as best possible. Obviously, we have our own process we have to do, but we try to be as respectful as possible,” he says. “I think that comes out in a lot of the negotiations.” Already kept incredibly busy by companies interested in making Waller County home, Yokom says he’s preparing for it to get even busier in the years to come. “We’re not only Houston’s new west side, we’re Katy’s new west side, and we aren’t going to stop growing. We work directly with the City of Katy on projects in Waller County to ensure projects go smoothly in the overlapping areas,” he says.


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First Annual Women in Real Estate Summit

DALLAS

BY AMY SORTER

Commercial real estate is a male-dominated field, though women have been making huge inroads. The first annual Women in Real Estate Summit, co-sponsored by REDNews and Real Estate Summits, focused on the women who have persevered in the industry - the pioneers - as well as those who are following in their footsteps. During the fourhour presentation at the Clubs of Prestonwood in Dallas, attendees were treated to inspiring stories and advice concerning getting into, and making a success of, a career in commercial real estate. 

Risks and Success Stories of Industry Pioneers in the Commercial Real Estate Industry

Lessons Learned from Leaders in Real Estate Today

Assessing the Gender Gap Across Commercial Real Estate Sectors

Looking Forward: Commercial Real Estate Industry for the Future

Moderator

Moderator

Moderator

Moderator

Ka Cotter, Director, Blinksale; Former Vice Chair, The Staubach Co.

• Kennes Ketchum, President, Portfolio Development

•Paula Beasley, Partner, Farrow-Gillespie Heath Witter LLP

•Kimberly Hopkins, Executive Director, CREW Dallas

Panelists

Panelists

Panelists

Panelists

• Diane Butler, Principal, Butler Associates

• Maureen Kelly Cooper, Executive Director,

• Leigh Richter, Executive Vice President,

• Laura Hoffmann, Attorney, Winstead

• Susan Arledge, President, Site Selection, esrp

• Kathy Permenter, Co-Managing Partner,

• Liz Trocchio Smith, Founder & CEO, The Trocchio Advantage

• Beth Lambert, Executive Managing Director, Cushman & Wakefield

Capital Markets, Cushman & Wakefield

• Julie Young, General Manager, Crescent Real Estate Equities LLC

Bradford

Younger Partners

• Coni Hennersdorf, Partner, CODA Consulting Group LLC

• Kyla Sadau, Superintendent, Scott & Reid General Contractors Inc.

• Megan DeLeon, Marketing Manager, Adolfson & Peterson Construction

• Rachel Yockey, Texas Regional Director, AEI Consultants

• Alexandra Washington Lane, Assistant Vice President, Commerce Bank

KEY TAKEAWAYS Getting into the business. Many of the panelists came to their commercial real estate careers by accident. Some had considered journalism as a career, while others were involved with finance and administrative work (secretaries and receptionists). Many ended up in commercial real estate because of sympathetic mentors or listening and learning. The general consensus was that commission and flexibility were the most appealing about the industry. “The first year I went commission only was not easy,” commented Bradford’s Leigh Richter. “But we managed.” On the flexibility front, Kyla Sadau with Scott & Reid pointed out that “You have a lot of freedom, and different positions, across commercial real estate.”

Early attitudes. The pioneers shared stories about their experiences in the male-dominated industry. Another issue involved the fact that women were their own 14

OCTOBER 2018

worst enemies. “Some of the most disparaging comments I got were from other women,” said Cushman & Wakefield’s Lambert. Added Liz Trocchio Smith from Trocchio Advantage: “We are our own worst enemies. Women helping women is what the industry should be about.”

Finding mentors/coaches. The consistent message throughout the conference was the necessity of mentors and coaches. All the panelists benefitted from formal and informal mentoring from those with experience in the CRE and other industries, with AEI Consultants’ Rachel Yockey commenting: “I benefitted from a lot of mentors who didn’t know they were my mentors.” A main problem involved finding women mentors, especially in commercial real estate. Some were fortunate enough to learn from men, such as Roger Staubach. And Liz Trocchio Smith indicated that the 1980s-1990s television show “Murphy Brown”

taught her a great deal about women in business. The importance of team players. Another focus was the importance of being part of a team. Ka Cotter, with Blinksale, indicated that “team sports in high school is the best foundation you can have.” Added Diane Butler with Butler Advisors: “In athletics, especially golf, you have to have the team spirit, and the team mind, to be successful.” Along those lines, finding a supportive life partner is also important, especially when trying to raise a family.

Keep on learning. Most of the panelists hammered home the point that continual learning, both formal and informal are hugely important. Cushman & Wakefield’s Maureen Kelly Cooper stressed the importance of “learning on the job, and gaining as much understanding as you can.” On the other hand, it’s not important to know everything. Farrow-Gillespie Heath Witter’s Paula Beasley indicated that one lesson learned was Continued on Page 18 >


CYPRESS

INSIGHT. KNOWLEDGE. EXPERTISE INSIGHT. KNOWLEDGE. EXPERTISE INSIGHT. EXPERTISE INSIGHT.KNOWLEDGE. KNOWLEDGE. EXPERTISE WEBSTER MONTGOMERY

3.2 MONTGOMERY Acres – For Sale

.71 AcreCYPRESS - Pad Site Available CYPRESS

3.23.2 Acres – For Sale Acres – For Sale

NEC of Huffmeister @ Barker Cypress Rd. 105 & HWY 149, •SH UNRESTRICTED land, LessMontgomery than 2 miles from Hwy 290, less than 4 miles from the Grand Parkway NEC of Huffmeister @ Barker Cypress Rd.Rd. NEC of Huffmeister Cypress • Located on the hard corner@ of Barker two main corridors

(GP-99), and 6 miles from Hwy 249of over 20,000 with traffic counts • in UNRESTRICTED land, LessLess than 2 miles fromfrom HwyHwy •Montgomery UNRESTRICTED land, than 2 miles cars per day • Storm water detention located and utilities 290,290, less than 4 miles fromfrom theoff-site Grand Parkway less than 4 miles the Grand Parkway (GP-99), and 6 miles fromfrom Hwy 249249 (GP-99), 6Brookshire miles Hwy •available Outparcel ofand the Brothers groceryshopping center • anchored Storm water detention located off-site andand utilities • Storm water detention located off-site utilities available available CONROE MEDICAL CENTER

THE 1.1 Acres WOODLANDS - For Sale

College Park Plaza Shopping Center - For Lease CONROE MEDICAL CENTER CONROE MEDICAL CENTER

1.11.1 Acres - For Sale Acres - For Sale

River Pointe Drive College Park Drive, The Woodlands •3091 City Utilities available River Pointe Drive • Adjacent to St. Luke’s, Texas Children’s Hospital Pointe Drive • LastRiver remaining site on River Pointe Dr. for development

WOODLANDS 6.4 Acres - SUBMARKET For Sale

Retail/Office Medical – For Sale or For Lease WEBSTER WEBSTER

6.46.4 Acres - For Sale Acres - For Sale

Old Galveston Rd. Kuykendahl Rd.,than Tomball •25450 UNRESTRICTED land, Less 1 mile from Interstate 45, and less than 2 miles from NASA Old Galveston Rd. Old Galveston Rd. • One-story, 11,000 SF building, 2nd generation

and Space Center Houston space (7,986 SF) for lease • medical/retail UNRESTRICTED land, LessLess than 1available mile from Inter• UNRESTRICTED land, than 1 mile from Inter••Water and high-density sanitary sewer services state 45, and less than 2 miles from NASA state 45, and thannear 2 miles from NASA Preserve Plaza is less located Creekside Village, available through the Houston City of Webster andand Space Center Houston Space Center The Woodlands • Water andand high-density sanitary sewer services • Water high-density sanitary sewer services available through the the CityCity of Webster available through of Webster WILLIS

THE 46 Acres WOODLANDS – For Sale

Class “A” Office Space – For Lease WILLIS WILLIS

4646 Acres – For Sale Acres – For Sale

I-45 & NEC Longstreet Rd. Woodloch Forest •10101 Major growth corridor with explosive residential and commercial development & NEC Longstreet Rd.Rd. Waterway with •I-45 Stunning Views of The Woodlands I-45 & NEC Longstreet

floor-ceiling glass windows & TWUtilities Collegeavailable Park HS ••Located approximately 17 with miles from residential Theresidential Major growth corridor with explosive City • Major growth corridor explosive • City Utilities available ••Directly Across Loop 336 from the new Grand Central Woodlands and 45 miles and commercial development •. On-site Restaurant and from FitnessHouston Center with classes ••Park 1,200 – 4,639 site SFby2nd Generation Available andFull commercial development community Johnson Development Last remaining on River Pointe Dr. for development • Last remaining site on River Pointe Dr. for development Medical or Retail Located approximately 17 miles fromfrom The • Prestigious co-tenancy with McKesson Healthcare • Located approximately 17 miles The • Directly Across Loop 336336 fromfrom the the newnew Grand Central • Directly Across Loop Grand Central . Woodlands and 45 miles from Houston Woodlands and 45 miles from Houston ParkPark community by Johnson Development . . community by Johnson Development

THE WOODLANDS WOODLANDS Retail/Office Space SUBMARKET – For Lease Commercial Development - For Sale THE WOODLANDS THE WOODLANDS

Retail/Office Space – For Lease Retail/Office Space – For Lease

WOODLANDS SUBMARKET

Retail/Office Medical – For Sale or For Lease TOMBALL

Prime Commercial Development - For Sale WOODLANDS SUBMARKET

WOODLANDS SUBMARKET

Retail/Office Medical – For Sale or For Lease Retail/Office Medical – For Sale or For Lease

1644 Research Forest Dr. 242SFatavailable, Needham •SH 2,600 2nd Road generation office space (former title company) Research Forest •1644 4.35 Acres Divisible, 765Dr. Frontage 1644 Research Forest Dr. Feet on SH 242

25450 Kuykendahl Rd., Tomball Acres -11,000 NWC of 2920/FM 2978 •55 One-story, SF FM building, 2nd generation medical/retail space SF) available for lease Kuykendahl Rd.,Rd., •25450 Frontage onKuykendahl both FM (7,986 2920 & Tomball FMTomball 2978 (4-lane roads) 25450

••Located just 1/2 mile west ofgeneration I-45 2,600 SF generation space Located 2available, miles east2nd of 2nd I-45 on northoffice side of SH • 2,600 SF available, office space (former titletitle company) 242 (former company) Located just 1/21/2 milemile westwest of I-45 • Utilities: Application through MUD • Located just of I-4515

••Preserve Plaza is located Creekside Village, One-story, 11,000 building, 2nd2nd generation Northwest corner atSFlighted intersection near • One-story, 11,000 SF near building, generation The Woodlands medical/retail (7,986 SF) SF) available for lease Baker Hughes space Campus medical/retail space (7,986 available for lease Preserve Plaza isby located Creekside Village, • Utilities provided ofnear Tomball • Preserve Plaza isCity located near Creekside Village, TheThe Woodlands Woodlands

WOODLANDS .71 Acre - Pad Site SUBMARKET Available Medical Office Space – For Lease MONTGOMERY MONTGOMERY .71.71 Acre - Pad Site Available Acre - Pad Site Available

SH 105 & HWY 149 121 Vision Parkhard Dr., Shenandoah • Located on the corner of two main corridors in Montgomery with traffic counts of over 20,000 SH 105 & HWY 149 SH 105 & HWY 149 • Near CHI St. Luke’s Health, Texas Children’s, Hous-

carsMethodist, per day Memorial Herman - The Woodlands • ton Located on the hardhard corner of two main corridors • Located on the corner of two main corridors Center • Medical Brookshire Brothers grocery anchored in Montgomery withwith traffic counts of over 20,000 in Montgomery traffic counts ofshopping over 20,000 center cars perper dayCompletion cars day • Estimated 1st Quarter 2019 • Brookshire Brothers grocery anchored shopping • Brookshire Brothers grocery anchored shopping center center MAGNOLIA

23.95 THE WOODLANDS Acres – For Sale

New Mixed-Use Development – For Lease MAGNOLIA MAGNOLIA

23.95 Acres – For Sale 23.95 Acres – For Sale

24497 Allyson Rd. & FM 149 Westgate - Research • North of Crossing the new major flyoverForest at the&FMEgypt 1488Ln. &24497 FM 149 intersection Allyson & FM 149 •24497 60,000 SF Allyson RetailRd. & Professional Office Rd. & FM 149 Major Residential &Pad Commercial North of the new major flyover at Development the FM FM 1488 • Restaurant Retail Sites Available • North of&the new major flyover at the 1488 this area &inFM 149 intersection & FM 149 intersection • Located on Main Corridor Adjacent to Regional • Power Major Residential Commercial Development Center with&National Retailers • Major Residential & Commercial Development in this areaarea in this

WOODLANDS SUBMARKET WOODLANDS Medical Office Space SUBMARKET – For Lease Multi-Use Facility For Sale WOODLANDS SUBMARKET WOODLANDS SUBMARKET Medical Office Space – For Lease Medical Office Space – For Lease

121 Vision Park Dr., Shenandoah Legends Complex – 602 Pruitt Rd., • Near CHISports St. Luke’s Health, Texas Children’s, Spring Houston Methodist, Memorial Herman - The 121 Vision Park Dr., Shenandoah 121 Vision Park Dr., Shenandoah Woodlands Medicalon Centers •• 99,000 14.79 Acres Near CHISF St.Building Luke’s Health, Texas Children’s, • Near CHI St. Luke’s Health, Texas Children’s, Estimated Completion 1st Quarter 2019 Houston Methodist, Memorial Herman •• Previous multi-use sports facility built in- The 2007 Houston Methodist, Memorial Herman - The Woodlands Medical Centers Woodlands Medical Centers • Located 3 miles from ExxonMobil Campus • Estimated Completion 1st 1st Quarter 2019 • Estimated Completion Quarter 2019

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First Annual Women in Real Estate Summit

HOUSTON

BY RAY HANKAMER

This four hour event featured four panels of Houston women who have achieved success across a wide spectrum of commercial real estate (CRE). These well-known achievers shared their personal stories and strategies starting with their entry into what was formerly a ‘man’s world’, transforming the industry into one in which women now commonly hold the highest positions, whether in real estate lending, appraising, brokerage, leasing, or any of the other sectors of our great industry. Here are their ‘pearls’ of wisdom. 

Risks and Success Stories of Industry Pioneers in the Commercial Real Estate Industry

Lessons Learned from Leaders in Real Estate Today

Assessing the Gender Gap Across Commercial Real Estate Sectors

Looking Forward: Commercial Real Estate Industry for the Future

Moderator

Moderator

Moderator

Moderator

Gary Maler, Director, Texas A&M Real Estate Center

Susan Hill, Senior Managing Director, HFF

Pat Duffy, President, Colliers International Houston

Jeff Johnson, Principal, Real Estate Summits

Panelists

Panelists

Panelists

Panelists

• Edna Meyer-Nelson, Founder, President

• Melanie Edmundson, Principal, Phase

• Cheryl Gajeske, Principal, PGAL

• Christie Amezquita, Partner, SHOP Companies

• Cyndee Smith, Senior Vice President

• Sandra Paige, COO, Veritas Title Partners

• Michelle Wogan, Executive VP, Office

• Matt Davis, Land Services Associate, Berkadia

& CEO, The Richland Companies Retail/Land Services, Oldham Goodwin

• Peggy Rougeou, Director of Commercial Leasing, Tarantino

Engineering

• Lynny Osenbaugh, President, Osenbaugh & Associates

• Jennifer Raymond, Principal, JPR

• Rhonda Sands, Sr. VP, Green Bank

Commercial

Leasing, Transwestern

• Beth Young, Sr. VP, Colliers Health Services • Simmi Jaggi, Managing Director/National Lead, Land Advisory Services, JLL

• Jennifer Ray, Director of Multi-Family Investment Sales, Berkadia

• Taucha Hogue, Director, Capital Markets, NKF

KEY TAKEAWAYS Getting in CRE and differentiating yourself. • Love what you do or don’t do it • “I was hired as a coffee girl/pretty face in a real

estate company, and when I was in meetings I listened–and learned. I realized I could sell or lease just like the men were doing. So I got my license and soon I was leasing and selling just like the men I worked for.”

• Choose to do what makes you come alive. •B  e prepared to starve for four or five years while

you are learning and earning your educational credentials-make a three or four year plan and stick to it.

•Y  ou are only limited by your imagination as to

what you can become in this industry.

•Y  ou grow by learning from clients and colleagues

along the way- don’t be afraid to ask questions since that is how you learn-don’t be afraid to say

16

OCTOBER 2018

‘can you help me?’… you will almost never be told no. • L ook for niches or voids in the industry which are not being filled by women-learn how to do something better than anyone else and clients will come to you; create your own credentials. •N  ever stop learning and evolving-the industry is

always changing and you must as well.

•T  eam up with someone who knows more than you

and learn from them.

•D  o something to ‘stand out’ by attending trade

shows, conferences, networking events; be a joiner to build your network.

•A  lways stay late with a senior person so you can

learn all you can; make yourself indispensable.

somes, etc., and women must create their own. • Forming personal relationships is the key…forget

about email or texting: pick up the phone; take someone new to lunch at least once a week, and in one year you will have 52 new personal relationships.

•P  eople do business with people they know, they

like, and they trust.

• M  en have their ‘good old boy networks’ and

women must build the same networks, not just with same-age peers but up and down the generational ladder.

• J oining organizations like CREW is an excellent

way to network and to plug yourself in to a nationwide web of professional women

Collegiality.

•G  et involved in your community-volunteer

•C  RE is like a fraternity, with referrals among

• W  hen you meet someone new and get a new

professionals playing a big role; men naturally have networks through sports teams, golf four-

business card, always follow up with a personal gesture

Continued on Page 18 >


GReenberg & Company Commercial Real Estate Brokerage Firm

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A multi-tenant single-story retail shopping center located on the southwest corner of the Southwest Fwy and Beechnut. Consists of 35 parking spaces and prime frontage exposure along the Southwest Freeway.

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8201 W Sam Houston Pkwy | Houston, TX 77072 RETAIL/OFFICE SPACE AVAILABLE • Prime Intersection • Pylon Signage

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Major thoroughfare along Richmond Ave. Located between Fountain View and Chimney Rock. Easy access to the Southwest Freeway, 610 W. Loop, Westpark Tollway and Beltway 8.

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The information contained herein was obtained from sources deemed reliable; however, no guarantees, warranties or representations are made as to the completeness or accuracy thereof. The presentation of this real estate information is subject to errors; omissions; change of price; prior sale or lease; or withdrawal without notice.

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First Annual Women in Real Estate Summit

DALLAS

< Continued from Page 14

learning how to say “I don’t know.” “When someone asks you something and you don’t know, the tendency is to make something up, and that can spiral south.”

Giving back. Another main point throughout the morning involved the importance of giving back, both through professional and non-profit organization. CREW Network, for example, supports many non-profit organizations, while promoting leadership skills and involvement. “Becoming involved in a non-profit organization is a humbling experience,” observed Susan Arledge with esrp. “You can become responsible for assembling volunteers for a specific purpose.” Adolfson &

Peterson’s Megan DeLeon pointed out that becoming involved is more than “signing up and showing your brand.“ It’s also offering encouragement and really pushing to be involved to accept leadership decisions.”

Another problem? Getting out of your way. “People get in their own way, and that’s not gender-specific,” said Crescent Real Estate’s Julie Young.

Learning from mistakes.

While much of the focus involved pioneers, up-and-comers weighed in as well, with some good advice to those who had been in the industry for a while. Winstead’s Lauran Hoffmann suggested not to “underestimate or undervalue social media,” while Megan DeLeon with Adolfson & Peterson pointed out that, as the mother of small children, “scheduling can be difficult in my life. We need to recognize that a typical day is not just eight or nine hours.” Commerce Bank’s

Advancement in careers depends on lessons learned, with some of the focus on confidence. Cushman & Wakefield’s Maureen Kelly Cooper observed that taking initiative is important. “I see men all the time touting how great they are, but don’t see women doing that,” she commented. “Letting people know about your accomplishments adds credibility and makes an impression.”

First Annual Women in Real Estate Summit

Moving forward.

Alexandra Washington Lane noted that constant feedback is welcome, while also pointing out that working remotely is a positive when it comes to work-life balance.

Getting the word out. The panelists also stressed the importance of encouraging more women to enter into commercial real estate. Suggestions included beginning at the high school level, which is something that CREW is involved with. It would also help if real estate information was marketed to colleges and universities, especially to those studying math and science. Commented Kyla Sadau: “I don’t thing the fact that you wear a bra should change your options.”

HOUSTON

< Continued from Page 14

Relating to Clients. • G  et to know your clients personally AND learn about the details of how their business works, no matter which CRE sector you choose; learn how your client makes money so you can help them make more, becoming valuable to them in the process. • G  o to local, regional, and national conventions…it can be expensive but it is more expensive in the long run not to; you can meet dozens or hundreds of potential new clients in one 2-3 day meeting, so the costeffectiveness is high; you can become the ‘go-to person from Houston’. • W  hen with a prospective client, it is not enough ‘just to appear to be a nice person: you must ASK FOR THE BUSINESS! • D  emonstrate to the client that you have a dedicated work ethic and it is available to him; ask for a chance to prove your worth. • B  ring value to your client. 18

OCTOBER 2018

• If you make an honest mistake while working for a client, own up to itafter all, you are human. • If you lose out, don’t take it personally-it’s just business. • M  ake yourself a specialist; don’t settle for being a generalists-clients choose specialists; being known as a specialist gives you a special confidence. • A  lways follow up and keep your client informed as the deal progresses. • N  othing replaces ‘face to face’ with a client or another person in general. • D  on’t hesitate to fire/disconnect from a bad client; your intuition should tell you when it is the right thing to do.

Mentoring. • M  entors are very important to personal growth, and not just when you are starting out; find an older person and ask to be mentoredusually he or she will be flattered, and will accept. • F ind someone who cares about you and challenges you to be better.

• M  entor younger people and you will learn from them and you will learn more about yourself; share what you know with younger professionals and they will come to you over the years with deals.

• B  e ready to break a rule but be ready to support why you did it; sometimes it is better to ask forgiveness than to ask permission.

• D  on’t be afraid to reach out to someone who is more experienced than you if you have need of specific information or advice; the worst that can happen is that you will be turned down, but you probably will get the advice and make a new friend.

• G  et your CCIM designation-it moves

• If your mentor is in your company or on your team, he/she will ‘have your back’ when you need a friend.

Taking Risks. • D  on’t back down-be firm in what you believe. • S peak up at meetings when you have something to say; don’t be silent; if you are in a meeting, you have a right to have a voice. • H  ave the guts to take a risk-with it may come a reward

General. you up professionally.

• If you have an entrepreneurial spirit, start your own company-it will give you the personal freedom you need.

• Y our company should have ethnic and

gender diversity so that it will mirror the diversity of your client-it is the right thing to do and it is just good business.

• H  ave someone teach you the basics of

negotiation when you are first starting out-this skill is indispensable.

• W  omen in CRE have gone from being a

novelty in the room to belonging in the room with the men.

• F inding solutions or ‘the balance in

the deal’ is one of the most rewarding aspects of our industry; getting a deal ‘done’ is very rewarding in itself.


45+/- Acres - IH 45 Southbound Feeder

AILABLE | LA MARQUE RENAISSANCE DISTRICT

reet | La Marque, Texas 77568

SITE AVAILABLE | LA MARQUE RENAISSANCE DISTRICT 401 Laurel Street | La Marque, Texas 77568

AVAILABLE SPACE LOCATION MAP

RETAIL TRADE AREA MAP

• 4 miles north of Galveston Island • 15 miles southeast of Houston • Geographic center of Galveston County • ACCESS, PORTS, INDUSTRY, RAIL EXISTING RETAIL • All this behind a MAP hurricane protection levee system

Total Building Area 4627 SF Total Indoor Seating 80 People Total Outdoor Seating 16 People

Site Details

TRAFFIC COUNTS

TRAFFIC COUNTS Interstate 45 - 61,305 AADP

Texas Avenue - 11,820 AADP

Source: TXDOT 2016

PROPERTY INFORMATION

Source: TXDOT 2016

• City utilities

PROPERTY INFORMATION • More than 1600 linear feet of frontage on the south-

bound feeder road • Well trafficked downtown space adjacent to •the Extends Delany to the the I-45 southbound Post from Office and Road across street from the feeder roadEconomic and positioned between the future off La Marque Development Corporation and on ramps being installed as part of the TxDOT Office Gulf Freeway expansion. • 31 Customer Parking Spots and additional 6 • $1 billion investment for new road infrastructure in employee parking spots La Marque and Galveston County over the next 10 years. • Ideal Restaurant/Cafe/Deli Location • Offered at $4.00/sqft.

DEMOGRAPHICS (based on data) 2017 data) DEMOGRAPHICS (based on 2017 Variable

P.O. Box 7272 | Tupelo, MS 38802 | 800.851.0962 | www.theretailcoach.net

Alex Getty, Executive Director La Marque Economic Development Corporation Vice President Alex Getty, Executive Director agetty@lmedc.com La Marque Economic Development Corporation 409-938-9258 h.net agetty@lmedc.com

RTA

1-Mile

3-Mile

5-Mile

2017 Population

97,186

8,365

38,344

73,130

2017 Workforce

40,969

3,237

15,184

29,939

Average HH Income

$67,184

The information contained herein was obtained from sources believed to be reliable; however, The Retail Coach, makes no guarantees, warranties, or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions, prior sale or lease, or withdrawal without notice.

409.938.9258

Median Age

39.2

$52,717 $54,483 $59,939 37.6

37.4

37.7

Area; the the geographic area from **RTA RTA––Retail RetailTrade Trade Area; geographic areawhich from which retailers derive approximately 80-85% of their business. retailers derive approximately 80-85% of their business.


HOT SPOT:

I-35 & Loop 1604 Corridor

Zooming in on Central Texas BY BRANDI SMITH

During the summer months, it can feel like parts of Central Texas may spontaneously combust under the glare of the sun. Calling it hot doesn’t do it justice. Similarly, it’s difficult to adequately describe the industrial market along the I-35 corridor.

DATA P O I N T, S AN ANTONIO

Michael Hoover CEO, DH Realty Partners

“In 33 years with DH Realty Partners, I have never seen the market like this, not even in 2007, when the market was booming,” says CEO Michael Hoover. “The conditions of the real estate market today are spurred by the supply and demand of more space. What Amazon is doing has changed everything.”

The online giant hasn’t just impacted the way retailers operate and what they look for when it comes to brick-and-mortar locations. It’s also shifted demand to the industrial side of things as more retail transactions from Amazon and the many companies following suit to survive - call for distribution centers. “That’s what is driving these enormous warehouse developments,” Hoover says. “Amazon needs places as hubs. We’re talking about 200,000, 400,000, even up to 1 million square feet.” As a result, the team at DHRP has a hard time even keeping industrial product on hand, according to President John Cannon. He points out the lure of San Antonio, in particular, is its incredible mobility options. It’s the intersection of I-10 and I-35, providing freeway access from California to Florida up to Minnesota. As a result, the city serves as a focal point for a variety of industries because the location streamlines product distribution throughout the state and country, as well as our neighbors to the north and south.

OCTOBER 2018

That means prices are at a premium, evidenced by a DHRP transaction earlier this year. Daily Bread, a Christian nonprofit that helps feed San Antonians in need, reached out to DHRP to sell its headquarters, a 170,000 square foot warehouse along Rittiman Road in northeast San Antonio. The organization had purchased the property for $2.5 million back in 2012. In January DHRP listed the property for $6 million and the property sold in 2018. “We knew exactly what to do, how to price and where to market that warehouse for its highest and best use,” Hoover says.

John Cannon President, DH Realty Partners

“So San Antonio is benefiting from NAFTA and it’s benefiting from the growth of Amazon. It’s benefiting from the growth of trucking and rail,” says Hoover. “The city is a hub for distribution to all these different areas south of Dallas, through West Texas and east toward Houston.” According to a quarterly report from the Real Estate Center at Texas A&M University, the industrial vacancy rate in Q1 2018 decreased to 5.4 percent, a drop of “40 basis 20

points year- over-year,” and net absorption rose to 270,831 square feet in that time frame. More than 3 million square feet of industrial product is under construction, but until it delivers, the market is tight and competitive.

A lease-back provision gave Daily Bread 90 days to find a new headquarters, which it did with DHRP’s help. The group purchased a 55,000-square-foot warehouse on Belgium Street.

Further evidence of the Central Texas industrial market’s strength can be found within DHRP itself. Founded in 1965, the San Antonio shareholder-based company, which is the largest locally owned commercial real estate firm in the city, had seven brokers in its office as recently as 2015. That number is now up to 21 with two of the brokers operating out of the company’s new North Austin offices. Additionally, more than a third of the brokerage staff primarily deals in investment purchases and sales. It’s an opportunity, Cannon says, to take DHRP’s expertise and mirror that in a new market.


FOS T E R RI D G E

“We’ve tripled the size of our house, and obviously we couldn’t have done that if the market wasn’t strong,” Cannon says. “We’re living the dream right now. We’re privately based. We’re not connected to any of the big guys and we are poised to continue our growth in 2019 through 2020 and beyond.

“... this area is in play ...” Likewise, Bart Koontz, president and CEO of Koontz Corporation, calls the San Antonio industrial market “especially vibrant” right now. “The size of our typical user has grown as well as the size of the San Antonio market in general,” he says, adding that he expects that growth to continue. “Our market is large enough to continue to entice regional suppliers that service our MSA and users such as Amazon, Dollar General, TJ Maxx, etc., to make investments in our market to supply the area.” Koontz Corporation got its start in 1997 as Koontz McCombs, Ltd., a partnership between Bart Koontz and B.J. “Red” McCombs. The development company’s first delivered project was the 100,000-squarefoot One Twin Oaks. In the Bart Koontz years since, it’s developed more President & CEO, Koontz Corporation than 7 million square feet of commercial properties ranging from office to retail, industrial to multi-family. Having watched the Central Texas market for so many years, Koontz suggests San Antonio is likely a new focal point for developers because the Austin industrial market may be too overheated. “That is reflective in the current construction boom and the upward increase of land and building costs and therefore ultimately increased rental rates,” says Koontz. “Those high prices are educating users that San Antonio’s location for regional distribution is excellent by way of I-35 and I-10 and that our cost structures are less than our neighbor to the north. Therefore San Antonio appears to be in good fundamental shape for the foreseeable future in regards to product delivery, absorption, new building starts and attractive rental rates.”

The company has its eye on hot spots within the market, honing in on the emerging industrial area along I-10 East at Foster Road. HEB recently announced it had purchased 871 acres off Foster for a major distribution center.

This isn’t Koontz Corporation’s first foray into New Braunfels. Since 2005, the company has developed a multi-use business park, several tracts of commercial land and two major multi- family projects there.

“That cements the idea that this area is in play for larger users servicing this market,” Koontz says. That is where the company is building Foster Ridge Distribution Center,

“We are very bullish on New Braunfels for a variety of reasons, which include tremendous population growth (Comal County is No. 2 in growth in the U.S.), the location adjacent to I-35 between Austin and San Antonio, has affordable housing and a low cost of living, great schools, excellent quality of life and job growth,” says Koontz. “We have also recently made an additional land purchase in the last 30 days to increase our holdings in the market.”

PARK VI E W P L AZ A

He adds that many companies are starting to realize that a regional presence in New Braunfels between Austin and San Antonio can service both the Austin and San Antonio markets from a single-source location. located on the East side of San Antonio at I-10 and Foster Road. When complete, the projects will consist of a cross dock 327,600 square foot class A distribution facility. The building amenities include a 32-foot clear height, 50’x52’ column spacing, 60-foot speed bay, trailer parking, 130-foot truck courts, as well as an ESFR fire protection system. Koontz plans for the building to be delivered in Q1 2019.

“... unprecedented demand ...” Another project underway for Koontz is Parkview Plaza, a 58,000-square-foot single-story Class A office building in New Braunfels. “The project is located in a beautifully landscaped master-planned business park called Sundance Park. The building has just recently been completed and is currently in lease up mode working on several transactions,” says Koontz, adding that the property enjoys a 6-to-1,000 parking ratio and has additional land for a second phase of an equally sized building.

“These same companies are seeking a less expensive alternative to pricey rents and spiraling housing costs in the Austin market by selecting the value alternative that the I-35 corridor has to offer,” says Koontz. In the years to come as the region continues to generate unprecedented demand for commercial development in every type of property, Koontz believes the office market will become more defined between San Antonio and Austin, comparing it to what happened between Dallas and Fort Worth years ago. “As more residential housing continues to materialize at a blistering pace in this region so will the concept of live, work and play. There will continue to be a need for office product to support this demand,” Koontz says. “It is still a little early to predict any strategic massing of office space which could appear say in development nodes created by future mass transit stations or more defined town center developments.” Continued on Page 24 > OCTOBER 2018

21


Houston, TX Houston, TX

FM 1464 & Bellaire Blvd FM 1464 & Bellaire Blvd

ap ap C Cle le d ndlabilab En vEai va A A

B ELLAIRE B ELLAIRE CCROSSING ROSSING

Hwy 105 Hwy 105

H o u s t o n , Te x a s H o u s t o n , Te x a s

Hwy 290 & Jones Rd Hwy 290 & Jones Rd

Phillip Carameros | (832) 937-5900 Phillip Carameros | (832) 937-5900

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Houston, TX Houston, TX

e e bl bl la la a i vai Av A F SF S 0 0 5 0 50 2 , 2,

Lake Conroe, TX Lake Conroe, TX

| phillip@gordonpartners.com | phillip@gordonpartners.com


Midland, TX Arlington, TX

I-20 W & Green Oaks Blvd

Amarillo, TX Midland, TX

Bell St & SW 45th Ave Loop 250 & Midland Dr

Odessa, TX Odessa, TX

E. 42nd St. & N. Dixie Blvd. E 42nd St & N Dixie Blvd

Loop 250 & Midland Dr

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Scott Gordon | (713) 961-3337 Scott Gordon | (713) 961-3337

| sgordon@gordonpartners.com | sgordon@gordonpartners.com


HOT SPOT:

NEW BRAUNFELS

I-35 & Loop 1604 Corridor

Zooming in on Central Texas < Continued from Page 21

SAN ANTONIO

“... an abundance of potential ...” Back in San Antonio, DHRP says the office market isn’t booming quite like the industrial market. Data from the Real Estate Center’s Q1 2018 office report backs that up. The vacancy rate ticked up to 9.8 percent. Despite those numbers, Cannon says Class A is doing well, particularly in the TX-1604 corridor from U.S. 281 to TX-151. “What we’re seeing is that Class A office space around

the city is commanding and getting $28 a square foot, NNN,” he says. “There doesn’t seem to be any shortage of tenants for these Class A projects at that rent level.” The company is currently working to purchase land for a 60,000-square-foot office park.

462,000 square foot building, should be completed in early 2019. It’s already more than 60 percent leased. Combine that with the River Walk expansion, redevelopment of the former Pearl Brewery property and improvements made to the area around Hemisphere Park, an abundance of potential has yet to be unlocked for Central City.

“Between U.S. 281 and I-10 along the 1604 corridor there are more than 10 different projects going on right now,” Cannon says. In Downtown San Antonio, Frost Tower, a

“Truly in San Antonio, the Class A office market and the industrial market are very, very healthy,” says Hoover. “There are no signs of a slow down.”

A NEW OFFICE DEVELOPMENT FOR LEASE IN NEW BRAUNFELS, TX UP TO 58,574 SF * EASY ACCESS TO IH-35 FLEXIBLE CUSTOMIZED LAYOUTS * BEAUTIFUL PARK-LIKE SETTING

NO W

LOREN GULLEY 210.841.9262

www.parkviewplazanewbraunfels.com

MIKE YBARRA 210.601.1414

LE

AS

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FOR LEASE

9725 Datapoint | San Antonio, TX 78229

Usable Space First Floor ±15,000 up to ±25,800 SF Second Floor ±15,000 up to ±52,800 SF

DHRP | DH REALTY PARTNERS, INC. DHRP is a leading expert at the forefront of Commercial Real Estate. The uniqueness of DHRP is putting the needs of our clients as our top priority. As our client, you become part of the DHRP Family; you are our mission and our focus, this is our style; this is our way – this is our legacy. The development and nurturing of our client relationships are vital to who we are as a company. Since 1965 by attentively listening to our client’s needs we have grown their capital exponentially, transaction after transaction, and we will continue to do so because your success is our success.

We offer 24-hour customer service and personal attention. We are here for you, and we mean it! DHRP agents will attend to your needs in the way you deserve: with integrity, accountability, creativity, collaboration, and loyalty. One of the most massive CRE databases available, which was designed by DHRP’s team of experts is continuously updated, and supplements our firm’s extensive experience and industry expertise. Currently, DHRP has offices in San Antonio and the Greater Austin area, allowing us to serve a broader demographic of investors.

LOT 7

LOT 902

± 4.127 AC

± 2.129 AC

Loop 1604

SALE

PRE-LEASING

SALE

SALE

The Ridge Land Tract ±4.127 AC 4519 N Loop 1604, SA, TX 78249

Kellum Medical Center ±22,944 SF 3701 FM 3009, Schertz, TX 78154

Industrial Warehouse Space ±27,478 SF 3371 Roosevelt, SA, TX 78209

Wendy’s Restaurant ±2,800 SF 430 San Pedro Ave, SA, TX 78212

DHRP is our team? Call us,us 210.222.2424 is on on the themove! move!Want Wanttotojoin join our team? Call 210.222.2424 For more information, please visit dhrp.us

801 N St. Mary’s St, San Antonio, TX 78205


retail | office | medical | space for lease 2,340 SF available on second floor. Base rent $15.00 PSF & NNN $4.20 PSF

Excellent for retail, office or professional use

2,671 SF end cap on first floor, one lane drive through attach; Base rent $24.00 PSF & NNN $4.20 PSF

2 blocks west of Beltway 8

Kaleidoscope 10612 Westheimer Houston, 77042

WoodlanD Park Shopping Center

800 -7,350 SF available on first floor. Excellent for medical office. Base rent $15.00-$18.00 PSF & NNN $4.80 PSF

11380 Westheimer Houston, 77077

A A Realty Realty Co AA Co

Accredited Management Management Organization Accredited Organization

For more information call : Kenneth K.Y. Leung 281.467.3535 713.988.0888 x108 eleung8888@aol.com www.aarealtytx.com

+/- 592â&#x20AC;&#x2122; of frontage on Westheimer

372 surface parking spaces available

Traffic counts - 82,880 CPD (Westheimer)

Pylon signage available

Aggressive lease terms


PARIS, TEXAS IS

PRIMED FOR DEVELOPMENT PARIS, TEXAS

READY

, TEXAS

PARIS, TEXAS 19.58 ACRES

FOR YOUR BUSINESS

PARIS

19.58 Acres FOR LEASE

•Aggressive Tax Abatements

2438 GREENS ROAD DUSTRIAL SF TOTAL 9.58±± 38,163 ACRES 10,500 SF OFFICE •Located in New Markets Tax Credit Program

•An abundance of water compared to other areas in region

•Possible Forgivable Loan for Free Land •Possible Cash for Jobs Incentives

8866 PPFW22

GREENS RD

66 2288 P P • Close proximityO to DFW OtoO • 4-lane access major interstate (I30) LLO W W N N

ALDINE WESTFIELD

•An abundance of water compared LEASE RATE: to$0.80/SF other areas in region

ALDINE BENDER

High welding-based workforce at NNN OPEX:• $0.22

the county-level, and over 25% of workforce is in manufacturing roles

or interstate (I30)

•High welding-based workforce at the county-level, and over 25% of workforce is in manufacturing roles

DALLAS

RANKIN RD

IMMEDIATE AVAILABILITY

•Possible Cash for Jobs Incentives

NW INDUSTRIAL PARK: 19.58 ACRES

PARIS

•Aggressive Tax Abatements

•Possible Forgivable Loan for Free Land

For further information, please contact our exclusive agent:

Rob Stillwell, SIOR, CCIM Executive Managing Director 713.599.5182 rstillwell@ngkf.com

CHRIS STOUT

(903) 784-6964

CHRIS STOUT (903) 784-6964 parisedc@paristexasusa.com

parisedc@paristexasusa.com

Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.

(903) 784-6964 parisedc@paristexasusa.com

Retail/Restaurant/Medical Space for Lease Great Visibility & High Traffic

arisedc@paristexasusa.com

urvey and Geotechnical surveys available , sewer, and gas ready

• • • • • •

19.58 acres Phase I Environmental Survey and Geotechnical surveys available Power (3-phase), water, sewer, and gas ready Owner – Paris EDC Location: NW Industrial Park Expedited Permitting

HIGH COMMISSION! 3.5%

l Park

10000 FUQUA, HOUSTON, TX

10541 FM 1960, HOUSTON, TX

2660 MARINA BAY, LEAGUE CITY, TX

2700 MARINA BAY, LEAGUE CITY, TX

• 1425 SF & 2548 SF End Cap & 1142 SF Inline & Available

• 1200 SF – 5522 SF Available

• Corner of Marina Bay Drive (FM 2094) & Lighthouse Drive at entrance to South Shore Harbour

• 4860 SF Vacant Medical Care Clinic • Immediate Move-In • Highly Visible Corner • High Traffic Count

• West Side I45 @ NE Corner Fuqua & Kingspoint Drive

• Easy Access to Beltway 8 & Hwy 290

• 1137 SF – 4910 SF Available

DR IV E BA Y

• High Traffic Count

M AR IN A

K EE CR SS RE P CY

Y W PK

2700 Marina Bay Dr

D LV EB OR SH

10541 FM 1960 Rd W 10000 FUQUA

H UT SO

• Highly Visible Corner Shopping Center

2660 Marina Bay Dr

Contact: Sal Lalani | RE/MAX Southwest | 832-202-9000

|

Slalanirealty@gmail.com


civil fair play

Building Permits: Navigating Bureaucracy to Move your Project Along BY OMAR IZFAR, ATTORNEY, WILSON CRIBBS+GOREN

are adopted by publicly elected city councils that have legislative authority. Plan reviewers and building officials do not have the legal right to amend the building codes, and giving their mistakes the force of law is effectively doing just that. However, in most cases, you have the right to notice and a hearing before your permit is effectively revoked, even if it was issued in error.

A variety of building permits are typically required for new construction and renovation of buildings. Building permits are issued as a matter of right if the plans and specifications submitted by an applicant for a permit comply with a city’s or county’s building codes. Almost every local government in America has some form of building codes adopted from a nationally promulgated form. National code writers will release a new version of a code every few years. A city will formally adopt a version of the code and often also adopt local amendments to the code that contain specific provisions that regulate development in a manner specific to that city. For example, the City of Houston has adopted the 2012 International Building Code with local amendments while the City of Pearland has adopted the 2015 International Building Code with local amendments. What that means for you is that building codes are, at least, slightly different almost everywhere you look. Sometimes submitted plans do not comply with the adopted building codes and the plans are rejected. While that can be incredibly frustrating and expensive, it is much better than having plans approved and permits issued in error, then revoked. Alternatively, plans and specifications may comply with local building codes, but are rejected anyway, often requiring special intervention on behalf of the applicant to show the city or county that they are wrong.

Wait, revoked? Can the government do that? If plans are approved that do not comply with the local building codes, they are subject to being revoked. Sometimes construction is already underway when a permit is revoked, leading to costly delays where construction crews have been hired and now have to be sent home. Local governments typically do have the authority to do this, with some important limitations. As amazing as this may sound, it does make some sense. Building codes 28

OCTOBER 2018

Often, what’s much worse than a revoked permit is the local government’s ability to put your project in limbo, which can happen a few different ways. The plan reviewer or building official can subject your submitted plans to endless scrutiny by attempting to find fault and order revisions, even if those faults and revisions are not supported by local building codes. Another path to limbo involves the approval of plans, the issuance of

cation for a building permit. For example, the City of Houston has a Building Standards Commission, a General Appeals Board, a hearing official, a City Council, all of which play a role in various stages of administrative appeals. An applicant is usually required to go through as many of these as can be applied to the application before filing suit in court. However, local governments can sometimes refrain from making the kind of final determinations that are administratively appealable by keeping applications in limbo, forcing you to resort to simply filing suit.

Best Practices

Some tips for navigating the building permit process: 1. Have a meeting before submitting plans. Try to enlist the help of the local building official in anticipating problems and issues before they arise so that your plans and specifications can incorporate those concerns. 2. E mploy a consultant for a project that may be tricky or involve some uncertainty. Architects, civil engineers, and building code experts all understand different aspects of the regulations affecting approval of building permit applications.

a certificate of occupancy indicating final inspections are complete, and then added scrutiny by the local government concerning the application of the certificate of occupancy to a particular use. In especially egregious cases, this added scrutiny is a pretext for governmental opposition to a project and defeats the purpose of having a predictable and uniformly applied set of laws. Some aspects of reviewing building permit applications involve a degree of discretion on behalf of the government as well. A good building code consultant is often well worth the expense to navigate these areas and structure an application to prevent these types of delays.

Can I appeal? Can I sue? Typically, there are a few layers of administrative appeals from adverse decisions of the building official, depending on what kind of issues exist with the appli-

3. Communicate in writing. Relating an issue verbally by an unnamed plan reviewer does not help move your application along. 4. S tay on top of the review. Most applications are reviewed by several different plan reviewers who focus on different aspects of the building code. The entire set of plans sometimes has to physically move from one desk to the next. It is very helpful to know which reviewers have signed off on certain aspects of your plans so that you can isolate the problems. 5. Don’t let your permits expire. Typically, permits are good for six months, but this can be different from jurisdiction to jurisdiction. Do work, have it inspected. Let the government know you are pursuing your project.


Our Houston team expands First American Title National Commercial Services is excited to announce the addition of new seasoned professionals to serve you in Houston. With First American since 1998, Mark Lee is our new underwriting manager. He also serves on the company’s Railroad and Oil & Gas Practice Groups. Dawn Lewallen, our newest Senior Underwriting Counsel, is a seasoned underwriter with over 15 years in the title insurance industry. David Ratchford was recently promoted to Underwriting Counsel. He brings more than a decade of title and underwriting experience.

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713.346.1659

First American Title Insurance Company, and the operating divisions thereof, make no express or implied warranty respecting the information presented and assume no responsibility for errors or omissions. First American, the eagle logo, First American Title, and firstam.com are registered trademarks or trademarks of First American Financial Corporation and/or its affiliates.

866.561.5047 q www.firstm.com/ncs

©2018 First American Financial Corporation and/or its affiliates. All rights reserved. NYSE: FAF

JU

D STE I L ST

NEW CRANE-READY

MANUFACTURING/FABRICATION/STORAGE BELTWAY 8/I-45/HOBBY AIRPORT AREA

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HOBBY AIRPORT

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• 30,000 SF New Crane Ready Building w/4.5 acres additional storage available • 30’ Clear Heights • Loading can be modified for grade level to dock high • Sprinkler Ready • 15 Acres additional outside storage can be made available

CONTACT: Scott Wilkerson (T) 713-522-3092 (C) 832-364-9133 Scott@GarverRealEstate.com


Stop Spinning Your Wheels!

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SCOOP The following pages contain a calendar of Texas CRE events, networking photos, and deals/announcements. For more updates, log on to REDNews.com

OCTOBER FEATURE: WOMEN IN REAL ESTATE SUMMITS

Central South Texas

North Texas

Southeast Texas


CENTRAL SOUTH TEXAS

OCTOBER

2018 1 Monday

REDNews Newsletter [4:00pm]

3 Wednesday

REC Austin - Policy Committee Meeting *Members Only [12:00pm - 1:00pm] REC Austin - Local Government 101 *Members Only [5:00pm - 7:00pm]

Thursday

5

Friday

IREM Austin - Ethics for the RE Manager [8:00am - 4:00pm] CREW Austin - Annual Meeting *Members Only [11:30am - 1:00pm] ULI San Antonio - Membership Mixer [5:30pm - 7:00pm]

17 Wednesday

ULI Austin - Breakfast [7:30am - 9:00am]

REC Austin - Christmas in October Committee Meeting *Members Only [12:00pm - 1:00pm]

18 Thursday

CBA Austin - Real Estate Challenge [11:00am - 6:00pm]

IREM Austin - Board Meeting [11:30am - 1:00pm]

20 Saturday

BOMA Austin - AAFAME Adventure Fest [10:00am - 2:00pm]

ULI Austin - YL Cheers & Chat: Local Government 101 [5:00pm - 7:00pm]

4

16 Tuesday

CCIM Central Texas - Marketing & Promotion 101 [10:00am - 5:00pm]

TABB Austin - Luncheon [11:30am - 1:00pm]

8 Monday

REC San Antonio - Golf Tournament [11:00am - 8:00pm] REDNews Newsletter [4:00pm]

22 Monday

REDNews Newsletter [4:00pm]

9

CREW San Antonio - Luncheon [11:30am - 1:00pm]

23 Tuesday

CCIM Central Texas - Networking Luncheon [11:30am - 1:00pm]

IREM Austin - Luncheon [11:30am - 1:00pm]

24 Wednesday

TABB San Antonio - Luncheon [11:30am - 1:00pm]

CTCAR - Property Information Exchange [7:30am - 9:00am]

25 Thursday

IREM San Antonio - Board Meeting [11:00am - 12:30pm]

Tuesday

11 Thursday

IREM San Antonio - Ethics for the RE Manager [8:00am - 5:00pm] REC Austin - Golf Classic [12:00pm - 6:00pm] IREM Austin - Board & Committee Chair Happy Hour [5:00pm - 6:30pm]

12 Friday

BOMA San Antonio - 2018 Sporting Clay Tournament [8:30am - 4:00pm] BOMA Austin - Annual Shootout [1:00pm - 5:30pm]

ULI Austin - 9th Annual Butler Game Day [2:00pm - 6:30pm]

27 Saturday

REC Austin - Christmas in October [8:00am - 12:00pm]

29 Monday

CREW Austin - Golf Adventure [10:00am - 8:00pm]

REDNews November Issue Deadline [5:00pm]

15 Monday 32

BOMA Austin - Personal Brand & Business Etiquette 101 [11:30am - 1:00pm]

REC San Antonio - Golf Tournament [11:00am - 8:00pm]

REC Austin - Regional Issues Committee *Members Only [12:00pm - 1:00pm] REDNews Newsletter [4:00pm]

REDNews Newsletter [4:00pm]

OCTOBER 2018

30 Tuesday

CTCAR - Unpacking the Commercial Title Endorsements [11:00am - 1:00pm]

The events listed are confirmed at the time of printing. Please make sure to check with the event host for any changes. For the full listing of events, visit REDNews.com.


BOMA AUSTIN: bomaaustin.org/ BOMA SAN ANTONIO: bomasanantonio.org CBA: cbaaustin.org/ CCIM CENTRAL TEXAS: ccimtexas.com CREW AUSTIN: crewaustin.org

CREW SAN ANTONIO: crew-sanantonio.org CTCAR: ctcaronline.com IREM AUSTIN: iremaustin.org IREM SAN ANTONIO: iremsanantonio.org

what’s going on

RECA reca.org RECSA: recsanantonio.com/ RETAIL LIVE: retaillive.com TABB AUSTIN: tabb.org/austin_chapter.php

HVAC, Ele Professionvators and Roof’s O h als Semina r at 816 CoMy! Emerging ngress Ave

BOMA AU STIN

BOMA Au

stin HVAC

, Elevato

rs and Ro

of’s Oh My

! Emergin

TABB SAN ANTONIO: tabb.org/san_ antonio_chapter.php ULI AUSTIN: austin.uli.org ULI SAN ANTONIO: sanantonio.uli.org

g Profess

ionals Se

minar at

816 Cong

ress Ave

BOMA San Antonio Community Service Committee recently hosted Dinner & A Movie Night at St. PJ’s Children’s Home

BOMA SAN ANTONIO

CREW SAN ANTO NIO

BOMA San Antonio Community Service Committee recently hosted Dinner & A Movie Night at St. PJ’s Children’s Home

Sponsor Apprec

iation Happy Hou

r

ULI SAN ANTONIO CREW SAN ANTONIO

Shark Tank Juan Cano and Jeremy Bateman OCTOBER 2018

33


NORTH TEXAS

OCTOBER

2018 1 Monday

REDNews Newsletter [4:00pm]

2 Tuesday

BOMA Fort Worth - Luncheon [11:00am - 1:00pm]

4 Thursday

IREM Fort Worth - Luncheon [11:00am - 1:00pm] CCIM North Texas - 24th Annual Sporting Clays Event [10:00am - 6:00pm] BOMA Fort Worth - Lunch & Learn: Roofing Insurance Restoration [11:00am - 1:00pm]

8 Monday

REDNews Newsletter [4:00pm]

11 Thursday

NAIOP North Texas - Annual Golf Tournament BOMA Dallas - Bowling Tournament [5:30pm - 9:30pm]

12 Friday

REDNews November Issue Deadline [5:00pm]

15 Monday

REDNews Newsletter [4:00pm]

18 Thursday

CCIM North Texas - Luncheon [11:30am - 1:00pm]

22 Monday

REDNews Newsletter [4:00pm]

TREC Dallas - Giving Gala 2018 [6:30pm - 9:30pm]

North Texas CCIM Chapter

23 Tuesday

BOMA Dallas - Young Professionals Lunch & Learn [10:30am - 1:00pm]

24 Wednesday

TREC Dallas - Capital Markets Summit [7:00am - 8:30am]

25 Thursday

BOMA Fort Worth - Sporting Clays Tournament [8:00am - 1:30pm]

Greater Fort Worth Association of Realtors - SCR Breakfast [7:30am - 9:00am]

TABB Dallas - Luncheon [11:30am - 1:00pm] ULI North Texas - 4th Annual Impact Awards Gala [5:30pm - 10:00pm]

26 Friday

IREM Dallas - Golf Tournament [7:00am - 5:00pm]

29 Monday

CORENET North Texas - Golf Experience [8:00am - 2:00pm]

30 Thursday

CCIM North Texas - Board Meeting *Invitation Only [12:00pm - 1:30pm]

BOMA Dallas- Asset Management [9:00am - 4:00pm]

REDNews Newsletter [4:00pm]

+

2019 n i G I B Going 34

OCTOBER 2018

The events listed are confirmed at the time of printing. Please make sure to check with the event host for any changes. For the full listing of events, visit REDNews.com.


BOMA DALLAS: bomadallas.org BOMA FORT WORTH: bomafortworth.org CCIM NORTH TEXAS: ccimconnect.com/ ccimnorthtexas CORENET NORTH TEXAS: northtexas.

corenetglobal.org CREW DALLAS: crew-dallas.org CREW FORT WORTH: crewfw.org GFWAR: gfwar.org IREM DALLAS: irem-dallas.org

IREM FORT WORTH: fortworthirem.org LADIES IN CRE: ladiesincre.com NAIOP: northtexasnaiop.com NTCAR: ntcar.org SCR: scr-fw.org

whatâ&#x20AC;&#x2122;s going on

CCIM DALLAS

TABB DALLAS/FORT WORTH: tabb.org/dallas_ ft_worth_chapter.php TREC DALLAS: recouncil.com REC GFW: recouncilgfw.com ULI NORTH TEXAS: northtexas.uli.org

Carole Tam, CCIM, Collin Flyn

n, CCIM, Dan Campanella,

CCIM, David Cui

CCIM NORTH TEXAS

CCIM North Texas Happy Hour at Mesero Prestonwood

CCIM North Texas Caro

ULI NORTH TEXAS

le Tam, CCIM, Collin Flyn

n, CCIM,

Campanella, CCIM, Dav ULI NorthDan Texas Urban Plan for Public id CuiOfficials @ DFW Airport

CCIM North Texas Happy Hour at Mesero Prestonwood

ULI NORTH TEXAS DALLAS WOMEN IN REAL ESTATE Building e s sted the roup ho r at Bowen Hou G r e d a e u L o g H n y u p p Yo ising Ha h Texas ULI Nort Leaders Fundra y tr s u Ind

th Texas

ULI Nor

ted the

up hos

der Gro

Lea Young

Building

Industry

Leaders

se

en Hou

r at Bow

py Hou

sing Hap

Fundrai

OCTOBER 2018

35


SOUTHEAST TEXAS

OCTOBER

2018 1 Monday

REDNews Newsletter [4:00pm]

12 Friday

REDNews November Issue Deadline [5:00pm]

2 Tuesday

CCIM Houston/Gulf Coast - Golf Tournament [10:00am - 4:00pm]

15 Monday

BOMA Houston- Golf Classic [9:00am - 5:00pm]

16 Tuesday

FBSCR - Monthly Meeting [8:00am - 9:00am]

18 Thursday

BACREN - CRE Boot Camp [9:00am - 3:00pm]

IREM Houston - Golf Committee Meeting [11:30am - 12:30pm]

3 Wednesday

CREW Houston - Luncheon, Annual Signature Forecast [11:30am - 1:00pm] IREM Houston - Fashion Committee Meeting [11:30am - 12:30pm] BOMA Houston - Women in BOMA: BBQ & Bingo [6:00pm - 8:00pm]

REDNews Newsletter [4:00pm]

Oâ&#x20AC;&#x2122;Connor & Associates - Apartment Forecast Luncheon [11:30am - 1:00pm]

CCIM Houston/Gulf Coast - Luncheon [11:00am - 1:00pm]

5 Friday

CREN Gulf Coast - Luncheon [11:00am - 1:00pm]

19 Friday

CREN Gulf Coast - Marketing Session [7:30am - 9:00am]

6 Saturday

BOMA Houston - Engineer All Stars: Maintenance Olympics [9:00am - 5:00pm]

22 Monday

REDNews Newsletter [4:00pm]

25 Thursday

ACRP - Breakfast [7:00am - 8:30am]

8

Monday

REDNews Newsletter [4:00pm]

9

Tuesday

CORENET Houston - Challenging Conventions to Mobility [7:30am - 9:00am]

TABB Houston - Chapter Meeting [11:30am - 1:00pm] CREN Gulf Coast - Happy Hour [4:30pm - 7:00pm]

10 Wednesday 11 Thursday

CREAM - Luncheon [11:30am - 1:00pm]

29 Monday

REDNews Newsletter [4:00pm]

ULI Houston - Fall Meeting - Texas Happy Hour [ 7:00pm - 9:00pm]

31 Wednesday

BOMA Houston- Building Engineering 101 [2:30pm - 5:30pm]

IREM Houston - What it Takes to be a Chief Engineer [8:30am - 11:30am] CREN Gulf Coast - Bowl-a-Thon [2:00pm - 5:00pm]

36

IREM Houston - Fashion Fundraiser [5:00pm - 8:00pm]

OCTOBER 2018

Meet Robert: Our new eMarketing Director at REDNews Magazine

The events listed are confirmed at the time of printing. Please make sure to check with the event host for any changes. For the full listing of events, visit REDNews.com.


ACRP: acrp.org BACREN: bacren.us BOMA HOUSTON: houstonboma.org CCIM HOUSTON: ccimhouston.org CETA: cetalliance.com

CORENET HOUSTON: houston.corenetglobal.org C.R.E.A.M.: creamtx.com CREN: crengulfcoast.com CREW HOUSTON: crewhouston.org FBSCR: fbscr.com

whatâ&#x20AC;&#x2122;s going on

GREATER HOUSTON PARTNERSHIP: houston.org HAA HOUSTON: haaonline.org HRBC: houstonrealty.org HREC: houstonrealestatecouncil.org IREM HOUSTON: iremhouston.org

L to R: Janet Shipley, Jeff Lind

NAIOP: naiophouston.org O'CONNOR & ASSOCIATES: poconnor.com SIOR: sior.com TABB HOUSTON: tabb.org/houston_chapter.php ULI HOUSTON: houston.uli.org

ner, and Stephanie Swanso

n

IREM HOUSTON

CREN GULF COAST

IREM Houston (l to r)

Janet Shipley, CPM with

CBRE, Jeff Lindner with

CCIM HOUSTON GULF COAST BOAT TOUR Harris County Flood Contr

ol District, and Stephanie

Swanson, CPM with Trans

western

CREN Gulf Coast August Happy Hour L to R: Fred Hawley, Vu Truong, Eugene Wang, Michael Bagnasco, Travis Hardey, Imad Abdullah, Paul Daily

L-R Fred Hawley, Vu Truong, Eugene Wang, Michael Bagnasco, Travis Hardey, Imad Abdullah, Paul Daily

HOUSTON WOMEN IN REAL ESTATE Justin Boyar with Co-Star, sponsor of the trip; Ginger Coleman; and the current CCIM president

TE EN IN REAL ESTA M O W N O ST U O H

OCTOBER 2018

37


CENTRAL SOUTH TEXAS AUSTIN, TX

HEB TECH CENTER The former Balcones Resources 81,000 sf recycling warehouse is being leased by HEB to house their digital team & Favor. The renovated property is located at East Sixth & Pedernales streets. It is scheduled to open spring 2019. LUZZATO COMPANY, INC BUYS KROGER EXECUTIVE CENTER Dallas-based Spire Realty Group sold the 31 acre, 12-building Austin Oaks office park located at Spicewood Springs Road & MoPac for $87 million to LA-based The Luzzatto Company, Inc. HFF marketed the property for the seller. BRANDYWINE RECEIVES PERMITS FOR OFFICE & PARKING GARAGE Brandywine is planning a 197,056 sf office building, 520 space parking garage & 3,665 sf of retail sf at 405 Colorado Street. Groundbreaking has not been announced. MAGELLAN DEVELOPMENT TO BUILD HOTEL & RESIDENTIAL TOWER Magellan Development Group will build a 32-story hotel & residential tower at the northeast corner of Fifth Street & Brazos Street in the fourth quarter of this year. The first two floors will include retail and restaurant space. The hotel is scheduled to open in 2020 & the apartments will open in 2021. AMSI US, INC LEASES 9,412 SF Amsi US, Inc. leased 9,412 sf of industrial space at 201 West Howard Lane. Darryl Dadon with CBRE represented the landlord and Jason Malcolm with Cresa in Phoenix represented the tenant. JSI LOGISTICS LEASES 27,520 SF JSI Logistics leased 27,520 sf of industrial space at 4101 S. Industrial Drive. Darryl Dadon with CBRE represented the landlord. AGELLAN COMMERCIAL REIT BUYS IN AUSTIN & ATLANTA Agellan Commercial REIT is purchasing a 56,000 sf light industrial property in north central Austin & 50% interest in an industrial distribution center in the I-85 South submarket of Atlanta, Georgia. E-MDS,INC SUB-LEASES SPACE e-Mds Inc sub-leased 38,153 sf at 10901 Stonelake Blvd. John Gump & Nate Stricklen with CBRE represented the landlord. 38

OCTOBER 2018

SOCCER STADIUM DEVELOPMENT The Austin city council has approved plans to build Precourt Sports Ventures major league soccer stadium on 24 acres owned by the city at 10414 McKalla Place near The Domain.

is building a cryogenic natural gas processing plant about 45 miles southeast of Midland. Delivery is set for third quarter 2019.

BASTROP, TX

HOTEL DEVELOPMENT Four hotels are being constructed at Stone Hill Town Center near TX 45 & I30 which will be the last major expansion for NewQuest’s 1,000,000 sf development. The newest hotelier, Om Nama Ganeshaya purchased 3.1 acres to develop a Hilton-flagged hotel. The buyer was represented by Joe Dowdle with Dowdle Real Estate.

RESIDENTIAL & COMMERCIAL PERMITTING ON HOLD Bastrop City Council has put construction permitting on hold for 90-days until they review the effects of development on flooding in the area.

BURNET, TX

ICEHOLE COOLERS LEASES FLEX SPACE Icehole Coolers leased 7,200 sf at Burnet Flex Space located at 209 Sure Cast Drive. Alex Reed & Fred Wendland with Retail Solutions handled the transaction.

CEDAR PARK, TX ROCK SPRINGS, LLC LEASES RETAIL SPACE Rock Springs, LLC leased 6,783 sf at 1335 East Whitestone Blvd. The landlord was represented by Gene Williams with CBRE in San Antonio.

DENTON, TX

NORTHERN TOOL + EQUIPMENT STORE BEING BUILT Northern Tool + Equipment Store purchased 3.11 acres at 3601 I35 for the construction of a store. Stacy Standridge & Thomas Crowell of Standridge Companies represented the seller, Texas Blue Horseshoe, Ltd. Clay Mote with Venture Commercial represented the buyer, Oppidan Holdings, LLC.

HUTTO, TX

PARADIGM METALS RELOCATES HEADQUARTERS Titan Development & the city of Hutto have reached an agreement with Paradigm to relocate its headquarters to a 100,000 sf building at Innovations Business Park, just east of SH 130 toll road. The company plans to invest more than $10 million in the new facility.

MIDLAND, TX CRYOGENIC GAS PLANT DEVELOPMENT Midland-based WTG Gas Processing

bulletin

PFLUGERVILLE, TX

ROCKPORT, TX

COVE HARBOR MARINA REOPENING Legend Communities has completed reconstruction of Cove Harbor Marina & Drystack after the facility was destroyed by Hurricane Harvey. The owner has future plans to add a 50 to 60-unit Airstream Hotel, an event center & boat service operations.

ROUND ROCK, TX GLOBAL RUG LIQUIDATORS LEASES RETAIL SPACE Global Rug Liquidators leased 5,600 sf at Hester’s Crossing located at 2400 IH35. Alex Reed & Andrew Perkel with Retail Solutions represented the landlord.

SAN ANTONIO, TX

NORTHERN TOOL + EQUIPMENT LEASING BUILD-TO-SUIT Northern Tool + Equipment leased a future freestanding 20,000 sf store to be built by Pleasanton Partners at 2905 Goliad Road. Clay Mote with Venture Commercial represented the tenant. WEDGEWOOD SENIOR APARTMENT RENOVATION Local developer Pat Biernacki is renovating the 11-story Wedgwood Senior Apartments at 6701 Blanco Road as a 301-unit senior living facility called Ensemble. Construction completion is schedule for 2019. ALAVIE INTERVENTIONAL PAIN MANAGEMENT LEASES RETAIL SPACE Alavie Interventional leased 5,91 sf at Plaza I-35 located at 127020 Toepperwein Road. Bill Lucas with Retail Solution represented the landlord & Mason Pollard with Transwestern represented the tenant.

STREAM REALTY LEASES 100% GATEWAY 10, BLDG 1 Stream Realty Partners has leased 100% of Gateway 10 Business Park, Building 1 in its newly completed 180,000 sf state-of-the-art distribution center located on I10 in northeast San Antonio. Michael Kent & Payton Rion represented the landlord & Allen Gump with Colliers International represented the undisclosed tenant. Gateway 10 is a 100-acre master planned development which will ultimately be a 1,300,000 sf Class A Business Park with retail & other commercial amenities on the east & west ends of the park.

LOTUS SPINE & PAIN LEASES 3,874 SF Carolyn Bustamante with Retail Solutions represented the tenant in Sunset Ridge Shopping Center located at 7403 Leslie Road. Parker LaBarge with Reata Real Estate Services represented the landlord. NEW EXPERIMENTAL LEASES OFFICE SPACE New Experimental Therapeutics leased 19,948 sf at 2829 Babcock Road. Chad Gunter with Transwestern represented the landlord & Scott Herbold with CBRE represented the tenant.

UVALDE, TX HOBBY LOBBY OPENS RETAIL STORE San Antonio-based Nueces-Holliday Maverick Partners II, Ltd is opening a 50,000 sf Hobby Lobby at 2340 Main Street. Pete Burkhart & Ron White with Concordia Equity represented Hobby Lobby & Rob Holliday with Holliday Interests represented the owner.


NORTH TEXAS

bulletin

Adelaide Poisinelli and Ronda Rogovin will head up Compass’s new commercial division

ADDISON, TX

TERRACAP MANAGEMENT BUYS OFFICE BUILDING TerraCap Management LLC purchased the 214,000 sf office building located in Quorum Office Park at the southwest corner of the Dallas North Tollway & Belt Line Drive. Gary Carr, Evan Stone, John Alvarado, Eric Mackey, Robert Hill & Jared Chua with CBRE handled the transaction along with Lincoln Property Company.

ARLINGTON, TX

TEAM BEANS LEASES INDUSTRIAL SPACE Team Beans LLC leased 98,560 sf at 2001 Exchange Drive. Gary Lindsey with NKF handled the transaction with Lee & Associates.

ARLINGTON/ODESSA, TX

property located at 7601 Ambassador Row in the Brookhollow Industrial District. The property is fully leased to two tenants. CROSSCOURT CAPITAL BUYS OFFICE BUILDING Crosscourt Capital, with its affiliate North Texas Therapy & Home Care, purchased the 29,000 sf office building located at 17000 Dallas Parkway. Nathan Rylander with Rubicon handled the transaction along with James Cagle with Inroads Realty. DA RUGS & TORO DEALS LEASES SPACE DA Rugs, Inc & Toro Deals, Inc leased 64,646 sf of industrial space at 2525 Shiloh Road. David Wilganowski with Mercer Co handled the lease along with Brett Lewis with Lee & Associates. SHARP SHOW SERVICES LEASES INDUSTRIAL SPACE Sharp Show Services LLC leased 31,873 sf at 4653 Leston Avenue. Phil Rosenfeld & Matt Thompson with Lee & Associates handled the transaction along with Jim Svidron with NAI Robert Lynn.

GORDON PARTNERS BUYS RETAIL CENTERS Houston-based Gordon Partners purchased the 100,000 sf Green Oaks Plaza center in Arlington & the 70,000 sf Sherwood Village retail center in Odessa, Texas. This is the company’s eighth acquisition since 2011. The company owns, operates & manages 1 million sf of retail space throughout Texas.

CARROLLTON, TX

COWTOWN MATERIALS LEASES 64,249 SF Cowtown Materials, Inc leased 64,249 sf in Crosby Business Park on Crosby Road. Josh Barnes & Canon Shoults with Holt Lunsford handled the transaction along with Brian Pafford & Jason Finch with Bradford Commercial.

DALLAS, TX

ML REALTY BUYS 185,220 SF INDUSTRIAL PROPERTY Illinois-based ML Realty Partners purchased a 185,220 sf industrial

PAYLESS SHOES LEASES OFFICE SPACE Payless Shoe Source leased 27,000 sf in the Bryan Tower at 2001 Bryan Street. Tyler Marshall with Spire Realty negotiated the transaction. ANGSUNG USA LLC LEASES INDUSTRIAL SPACE ANGSUNG USA LLC leased 49,549 sf at 5200 E. Grand. Canon Shoults with Holt Lunsford represented the landlord & John Barnes & Ben Wallace with Holt Lunsford represented the tenant.

DENTON, TX

TEXAS FAMILY FITNESS LEASES RETAIL SPACE Texas Family Fitness leased 28,000 sf at 1446 Loop 288 for a new location. Dan Avnery with NAI Robert Lynn negotiated the lease with Shop Cos.

DFW AIRPORT

IMMIGRATION CENTER DEVELOPMENT Trammell Crow & Elm Tree Funds have secured a 20-year build-to-suit with the GSA to build a 259,947 sf immigration center. It is scheduled for completion in early 2020.

FARMERS BRANCH, TX

IRVING, TX

FORT WORTH, TX

LEWISVILLE, TX

LeSAINT CHEMICAL LEASES OFFICE/ WAREHOUSE SPACE LeSaint Chemical Logistics leased 54,500 sf at 4650 Simonton Road. Chad Albert with NAI Robert Lynn handled the lease along with Eric Crutchfield with Stream Realty.

COGNIZANT OPENS 50,000 SF CENTER New Jersey-based Cognizant has opened its newest regional technology & service delivery center at 5001 Statesman Drive. The 50,000 sf center includes a 10,000 sf training facility.

EMPIRE ROOFING BUYS INDUSTRIAL PROPERTY KBW Property LTD. sold a 149,981 sf property located at 4801 Esco Drive to Empire Roofing. Jack Huff & Grant Huff with Transwestern represented the seller.

FIRST INDUSTRIAL REALTY TRUST BUILDING INDUSTRIAL PROJECT Chicago-based First Industrial Realty Trust is building a 345,000 sf industrial development called First Park 121 on 84 acres at Midway Road & FM 544.

INTERNATTIONAL INDUSTRIAL LEASES 40,000 SF International Industrial Contracting Corp leased 40,000 sf at 3200 Randol Mill Road. Joe Rudd with Transwestern handled the transaction.

RETAIL CENTER SALE A Texas investor purchased the 51.590 sf Pioneer Plaza retail center on East Davis Street. Strive Real Estate handled the transaction.

FITNESS CONNECTION LEASES 62,000 SF Fitness Connection leased 62,000 sf at Hulen Bend Village located at 6080 S. Hulen Street. Susan Ridley & Sherman Hinkebein with The Retail Connection represented the tenant. Correction: FLOWCO PRODUCTION SOLUTIONS LEASES SPACE Flowco Production Solutions leased 67,860 sf at Carter Distribution Center located at 6633 Oak Grove. Matt Carthey & Thomas Grafton with Holt Lunsford handled the transation.

GARLAND, TX

DIGITAL REALTY EXPANDS DATA CENTER Ca-based Digital Realty purchased 16 acres for a $400 million data center expansion which will enable the $1 billion project to build a 1.4 million sf campus in five 280,000 sf phases.

GRAND PRAIRIE, TX

110TH MERCER PROPERTIES BUYS INDUSTRIAL BUILDING 110th Mercer Properties LLC purchased a 90,432 sf industrial property located at 1908 110th Street. Corby Hodgkiss with Mercer Company handled the transaction along with Brian Gilchrist & Steve Berger with CBRE.

MESQUITE, TX

PLANO, TX

GEOFORCE LEASES OFFICE SPACE Geoforce, Inc leased 13,462 sf in Granite Park V on the Dallas North Tollway. Grant Pruitt with Whitebox Real Estate handled the transaction along with Robbie Baty with Cushman & Wakefield.

RICHARDSON, TX

AMERICAN MERCER BUYS INDUSTRIAL BUILDING American Mercer Properties LLC purchased a 52,800 sf building at 1250 American Parkway. Chandler Mason with Mercer Co handled the transaction.

TERRELL TX

190,000 SF RETAIL DEVELOPMENT RealtyLink & Oakridge Investments are building a 190,000 retail development called Crossroads at Terrell. The property will be anchored by a 74,000 sf Film Alley Movie Entertainment Center that is scheduled to open in 2019.

WACO, TX

GANDER MOUNTAIN SELLS Orscheln Farm & Home purchased the 52,000 sf Gander Mountain building located at Valley Mills Drive & I35. The family-owned chain sells toys, clothing, sports equipment, tools & ranch supplies & is moving into the Texas market. OCTOBER 2018

39


SOUTHEAST TEXAS Gill Dolan joined Greystone as managing director

BAYTOWN, TX LOGISTICS CENTER 390,000 SF SPEC DEVELOPMENT Investment & Development Ventures, LLC & Sealy & Company have broken ground on Thompson 10 Logistics Center on 26.86 acres located at I10 &Thompson Road. The project is scheduled for completion spring 2019. Tom Lynch & Mark Redlingshafer with CBRE represented the developer in the purchase of the land.

BELLAIRE, TX

Blake Willeford joined Greystone as managing director

Chronicle site located at Texas, Travis, Milam & Prairie. Vinson & Elkins will occupy 212,000 sf in the building which is scheduled for completion in 2021. EXTERRAN ENERGY SOLUTIONS LEASES 58,857 SF Louie Crapitto & Dan Bellow with JLL represented the tenant in the anchor office lease at 11000 Equity Drive in Westway Park. Eric Anderson & Tyler Garrett with Transwestern represented the landlord, The Seligman Group.

FORMER CHEVRON CAMPUS UNDER CONTRACT SLS Properties is reportedly under contract to buy the former 30-acre Chevron campus located at 4800 Fournace Place and will reportedly redevelop the property for office usage.

CHANNELVIEW, TX WORLD’S LARGEST PO/TBA PLANT DEVELOPMENT LyondellBassell has started construction on a $2.4 billion, 140-acre PO/TBA plant at their Channelview Complex. Upon completion it will be the world’s largest propylene oxide & tertiary butyl alcohol plant in the world.

CYPRESS, TX COSTCO BUILDING NEW STORE Costco will build a new store at US 290 & Cypress Rosehill Road on 17 acres they have owned since 2015. Costco has a store under construction in Webster which will open this October.

You Sell or Lease the Real Estate & I’ll Sell the Business + 10% Referral Fee Contact Ben Alvarado 832-794-1325 ben@houstonba.com

HOUSTON/DALLAS, TX

20-BUILDING INDUSTRIAL SALE Exeter Property Group sold a 1.25 million sf, 20 industrial property portfolio, for $148 million. The properties are located in Houston, Dallas & Charlotte, NC. Houston properties included Houston Bammel Park, Business Center at Park 10 & Legacy Park & in Dallas included Cardinal Park. The seller was Adler Real Estate Partners who was represented by Adam Herrin, Stephen Bailey, Rusty Tamlyn, Chris Norvell, Trent Agnew & Patrick Nally with HFF. CBD OFFICE CONSTRUCTION HINES plans to build a 1 million sf office building on the former Houston 40

OCTOBER 2018

GHD LEASES 20,986 SF Doug Little, Louann Pereira & Matthew Seliger with Transwestern leased a full floor to GHD at 11451 Katy Freeway. Jeff Venghaus & Louie Crapitto with JLL represented the tenant. CONN’S DISTRIBUTION OPENING Conn’s has broken ground on a 656,658 sf distribution center on 36 acres at 1401 Rankin Road. Hans Brindley with Liberty Property Trust handled the development of the project & Rob Stillwell & Chris Malherbe with NKF represented Conn’s.

bulletin Chris Reyes joined Shops Cos. as a partner in their Houston office.

Christie Amezquita joined Shops Cos. as a partner in their Houston office.

CULLEN PLAZA AEW/Weingarten purchased the 85,000 sf Cullen Plaza located at 9400 Cullen Blvd. Charlie Neuhaus & Harry Holmes with Avison Young represented the buyer & Chris Nash & Patrick Wolford with Lee & Associates represented the seller, T. F. Hudgins Inc. PELICAN BUILDERS BREAKS GROUND ON THE REVERE Robert Bland, Sr & Derek Darnell with Pelican Builders have broken ground on a nine-story condominium project at 2325 Welch. Sixteen of the thirty units have been sold & the project is scheduled to delivery spring 2020. GRANGER ASSOCIATES SELLS MANUFACTURING BUILDING Granger Associates sold their 110,000 sf manufacturing facility located at 1318 Bammel Road to an undisclosed buyer. The industrial group of NAI Partners represented the seller & the buyer was represented by Corey Ferguson with Raintree Commercial. COCA-COLA PLANT CONSOLIDATION Coca-Cola is consolidating their Houston operations into one facility with the development of a 1 million sf manufacturing & distribution facility in Pinto Business Park which is scheduled for completion first quarter 2020. They have contracted with CBRE in Houston to sell their 15.57 facility located at 2800 Bissonnet. COTTON COMMERCIAL LEASES 55,000 SF Cotton Commercial USA leased 55,000 sf at Claymoore Business Park located at 3010 Claymoore Drive. Ron Roberson with Caldwell Companies represented the tenant & Blake Warren & Bryan O’Hair with Stream Realty represented the landlord, Prologis. SUBSIDIARY OF DAIKIN INDUSTRIES LEASES 411,442 SF Goodman Manufacturing, a subsidiary of Daikin Industries, leased the entire Northwest Logistics Center south of Highway 290 & Beltway 8 from Stream Realty Partners. Daikin opened a $417 million campus on 90 acres near US 290 in Waller County in 2017.

Matt Reed joined Shops Cos. as a partner in their Houston office.

LOVETT COMMERCIAL EXPANDS SAWYER YARDS Frank Liu, founder of Lovett Commercial, is one of the Sawyer Yards developers/ investors in Sawyer Yards which includes The Deal Company & Genesis Park. Liu is converting a 65,000 sf warehouse at 1201 Oliver & constructing a 50,000 sf building at 1818 Washington. The space will be used for restaurant/retail/parking. Liu owns a group of properties in the area spanning nearly a mile along Center Street.

HUMBLE, TX

CRYSTAL LAGOON DEVELOPMENTS Land Tejas, the developer of Balmoral residential development in Humble, hosted a grand opening of Crystal Lagoon, a two-acre man-made lagoon with fresh water, sandy beaches, a hammock park with cabanas. Land Tejas has two other lagoons planned for their developments and Crystal Lagoon Corp USA has plans for public access lagoons in retail spaces in Texas & the nation by the end of 2018.

KATY, TX CHEVRON SELLS 103 ACRES Chevron sold 103 acres to Landmark Industries located at Clay Road & SH 99. Landmark then sold +/- 78 acres to Duke Realty who will reportedly build a 1.39 million sf industrial development on the property.

MISSOURI CITY, TX BRAZOS LAKES MIXED-USE DEVELOPMENT A 24.45 acre mixed-use development will be constructed along SH 6 south of Glenn Lakes Lane. The $110-$120 million project will include condominiums, townhomes, office & restaurant space & a two-story parking garage.

THE WOODLANDS, TX

HOWARD HUGHES BUYS CB&I BUILDING Howard Hughes Corporation purchased the former CB&I headquarters located at 2103 Research Forest Drive from Houstonbased McDermott International, who purchased CB&I in May. The purchase price was reportedly $53 million and includes enough land for the construction of a third building.


advertiser index AA Realty Company 26

ATTENTION - BACREN Brokers If you missed this opportunity in April of this year, nows your chance! Please scroll down to read about a Commercial Real Estate Boot Camp for you! The BACREN Board has arranged a $50 pp discount for this two-day class IF we have 10 or more members sign up. It is regularly priced at $299 pp. With this class you will also receive 12 hours of Texas CE credits. Please contact me by September 28th, and let me know if you would like to take this class. Once we have a head count they will provide a discount code that I will send to you along with the website link for the course where you can individually sign up.

Your BACREN Program/Partners Assistant --Kelly Hutchinson-Please RSVP to me at: kelly.hutchinson@colliers.com 281-830-9747

October 1-2, 2018 Houston - Commercial RE-Tooled Hilton Garden Inn, 6855 W. Sam Houston Pkwy. S Houston, Tx. 77072

Anderson Realty Advisors 13, 29 Asset Preservation 13 Berkadia 3 Caldwell Cos. 11 City Bank 44 City of Seabrook 5 Cushman & Wakefield 2 DHRP 1- C/So Texas, 25 Equity Secured Investments 17 First American Title 29 Garver Real Estate 29 Gordon Partners 22, 23 Greenberg & Co. 17 Houston Business Associates 40 Koontz Corporation 24 La Marque Economic Development Corp. 19 National Environmental Services, LLC 43 Newmark Knight Frank 27 Paris Economic Development Corporation 27 Phase Engineering 30 Real Estate Summits 7 ReMax Southwest 27 Showalter Law Firm 13 Southwest Properties 17 The J. Beard Real Estate Company 15 Waller County EDC 1-SE Texas, 13

NOVEMBER FOCUS

RETAIL ECONOMIC Development TEXAS Development RESERVE YOUR SPACE NOW 713.661-6300 info@rednews.com www.rednews.com

SEPTEMBER 2018

41


2019 Editorial Calendar 50,000+ PRINT & DIGITAL DISTRIBUTION

Month

Market Focus & Sub Focus

January

Retail / Land / Development

February

Office / Industrial Trends & Hot Spots

Ad Deadine *Bonus Distribution Dec 12, 2018

Jan 11, 2019

RECon Texas - RECA KnockOut Night - CCIM Forecast Competition - BOMA Southwest Region Conference

Retail / Vacant Land / Texas Development Texas Economic Development

Feb 12, 2019

April

Vacant Land / Industrial Industrial Hot Spots

Mar 13, 2019

- Texas A&M Land Markets Conference

May

Retail / EDCs / Vacant Land Texas Economic Development

Apr 12, 2019

- BOMA Dallas Trade Show

March

- CCIM & CREW Austin Real Estate Summit

- RECon Las Vegas

June

Land / Industrial / Office / Texas Hot Spots

May 13, 2019

July

Land, Retail / Texas Economic Development

Jun 13, 2019

Retail Recap Texas Economic Development

Jul 12, 2019

August

Land / Texas Development Opportunities September Hot Spots

42

- NTCAR Expo

Aug 13, 2019

Industrial / Office Service / Land Hot Spots

Sep 13, 2019

November

Retail / EDCs Texas Economic Development

Oct 11, 2019

December

Vacant Land / Texas Economic Development Hot Spots

October

OCTOBER 2018

- Retail Live! Austin

Nov 13, 2019

Women in Real Estate Summits


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Satellite Offices: Portland (Tigard), Oregon and New York (Little Neck), New York


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REDNews October 2018 Southeast Texas  
REDNews October 2018 Southeast Texas