Commercial Quarterly Retail | Office | Industrial | Multifamily | Land | Hospitality
Commercial Real Estate Quarterly Review
2nd Quarter
2011
www.OldhamGoodwin.com
Commercial Quarterly 2nd Quarter 2011
Table Of Contents
Property Items Explained........................................................................................................................................................................................ 3 Property Spotlight: Creekside Professional Building | College Station, Texas.............................................................................................. 4 Commercial Properties For Sale............................................................................................................................................................................ 5 Property Spotlight: ~19 Acres on William D. Fitch Parkway | College Station, Texas............................................................................... 8 Urban Land For Sale............................................................................................................................................................................................... 9 Recreational & Farm/Ranch Land For Sale........................................................................................................................................................14 Property Spotlight: 405 & 407 Cherry | Bryan, Texas..................................................................................................................................15 Multifamily Properties For Sale............................................................................................................................................................................16 Tenant Spotlight: C&J’s Barbecue........................................................................................................................................................................17 Office Properties For Lease..................................................................................................................................................................................18 Industrial Properties For Lease.............................................................................................................................................................................21 Retail Properties For Lease...................................................................................................................................................................................22 Property Location Map.........................................................................................................................................................................................26 Commercial Management Division Profile.........................................................................................................................................................27
About the Cover:
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The Shops at The District is located in a recently constructed building at 321 East 26th Street, just off Texas Avenue in Bryan. The Shops occupy the first floor of the three-story office building and is conveniently located in Historic Downtown Bryan. Within close proximity to the Brazos County Court House, Bryan City Hall, Fibertown, and the Bryan Public Library, the potential foot traffic and new 1,000 space parking garage (scheduled completion Fall 2011) will provide an abundance of prospective customers for the Shops. This area is the “place to be” for retailers and service providers with the continued rejuvenation of Downtown Bryan and popular events such as First Friday and Texas Reds Festival. This location provides retailers with a unique opportunity to reach many different types of customers. Space is available now – up to 6,500 contiguous square feet. For more information, visit www.OldhamGoodwin.com.
Editor & Graphic Design: Dale Sandlin
Volume 3, Issue 2
© 2011 Oldham Goodwin Group, LLC. The information herein has been obtained from sources deemed reliable. Although we believe it to be accurate, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any values, projections, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction depends on tax and other factors, which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
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979.268.2000 • www.OldhamGoodwin.com
Commercial Quarterly
2nd Quarter 2011
Property Items Explained Featured Properties
The Shops At The District | Bryan
Location/Name: This box describes the address and city or the name of the available property.
New Listing
Property Status: This box descirbes whether the property is a New Listing, Sold or 100% Leased.
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Property’s Description: This box explains the property’s features.
New Retail Space In Historic Downtown Area • Potential For High Foot Traffic • New Adjacent 1,000 Space Parking Garage • Unique Retail Center
Property’s Map Location: This icon indicates the property’s approximate location on the map.
Visit www.OldhamGoodwin.com
979.268.2000 • www.OldhamGoodwin.com
3
Commercial Quarterly 2nd Quarter 2011
Property Spotlight: Creekside Professional Building | College Station, Texas Offering Summary: Sales Price: Cap Rate: Occupancy: Current NOI:
$4,650,000 8.56% 100% $398,098
Construction Features: Foundation: Reinforced Concrete Slab Frame: Metal Exterior Walls: Brick Veneer Roof Structure: Membrane Floor Coverings: Tile/Carpet
Utilities:
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Medical Office Building For Sale
Electric: Water: Sewer: Gas: Cable: Telephone:
College Station Utilities College Station Utilities College Station Utilities Atmos Energy Suddenlink Various Providers
Property Overview: As exclusive agent for the owner, Oldham Goodwin is pleased to present the offering of Creekside Professional Building for your consideration. The property is a true Class “A” multi-tenant medical office building, anchored by an eight (8) year lease with St. Joseph Regional Health System. The property’s attractive exterior and excellent curb appeal on Highway 6 make it an attractive place for tenants to do business. This excellent investment opportunity in the thriving Bryan/College Station MSA boasts long term leases to successful medical tenants and benefits from an excellent location, new high quality construction and great visibility on State Highway 6.
Investment Highlights: • • • • • •
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Anchored By Long Term Lease With St. Joseph Regional Health System Good Mix Of Stable And Successful Medical Tenants Increasing Returns With Built-In Rental Escalations In All Leases Excellent Exposure And Visibility On Dominant Traffic Corridor, State Highway 6 Great Curb Appeal With Very Attractive Building Exterior Easily Accessible, Centrally Located In The Heart Of The Bryan/College Station MSA
Clinton D. Oldham Senior Broker Associate Commercial Group 409.781.7734 clint@OldhamGoodwin.com
979.268.2000 • www.OldhamGoodwin.com
Commercial Quarterly
2nd Quarter 2011
Commercial Properties For Sale 3301 South College Avenue | Bryan
New Listing
2780 N. Harvey Mitchell Parkway | Bryan
601 South Texas Avenue | Bryan
New Listing
New Listing
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Hard Corner Location With Access From South College And Midway Avenue • Excellent Visibility From Multiple City Thoroughfares • Over 4,800 SF Of Shop Area With Multiple Automotive Bays • Less Than 1.5 Miles From Texas A&M
~ 76,217 SF Of Total Improvements • ~10.028 Acres • Quality Metal Construction • ~ 10,580 SF Of Class “A” Office • Over 600 Feet Of Active Union Pacific Rail Spur • Two 10 Ton Cranes Two Indoor Recessed Dock High Loading Bays
Well Established Successful Tenant With Over 70 Locations • Major Capital Investment By Tenant Indicates Interest In Long Term Commitment • Excellent Exposure And Visibility On Dominant Traffic Corridor, Texas Avenue
3988 Greens Prairie Road | College Station
424 Tarrow | College Station
Kentwood Office Park | Bryan
New Listing
New Listing
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Contains Seven (7) Private Offices Wired For Ethernet & Cable • Each Office Has Zoned HVAC With Its Own Thermostat • Attractive New Construction With New Development In The Immediate Area
New Listing
Great Opportunity For Investor Or Owner Occupier In An Irreplaceable Location • Excellent Rental History With Long-Term Tenants • High Growth Area Near Texas A&M University & Future Convention Center
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Accessibility On The Highly Trafficked Briarcrest Drive • Between Texas Avenue & Highway 6 South • Less Than 1 Mile From St. Joseph Regional Health Center & Blinn College • Excellent Visibility
RECENT TRANSACTIONS For More Information Contact:
Clinton D. Oldham
Oldham Goodwin represented the seller in the disposition of a ~7,420 SF Medical Office Building
Oldham Goodwin represented the buyer in the acquisition of a ~18,235 SF Retail Center
Senior Broker Associate Commercial Group p 979.268.2000 f 979.846.7020 c 409.781.7734 clint@OldhamGoodwin.com
979.268.2000 • www.OldhamGoodwin.com
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Commercial Quarterly 2nd Quarter 2011
Commercial Properties For Sale Creekside Professional Building | College Station
3211 South Texas Avenue | Bryan
1005 University Drive | College Station
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Renovation & Upgrade In 2009 • Large Grandfathered Pylon Sign With Excellent Exposure On Texas Avenue • Coveted Texas Avenue Address Offers Ease Of Access Through Bryan And College Station
Anchored By Long Term Lease With St. Joseph Regional Health System • Good Mix Of Stable And Successful Medical Tenants • Excellent Exposure And Visibility On Dominant Traffic Corridor, Highway 6
Property In Excellent Condition, Complete Remodel In 2009 • Completely New Class “A” Interior Finish Out, All New Mechanical & Electric Systems • Convenient Location With Coveted University Drive Address
303 Boyett | College Station
United Plaza | College Station
Market Square Shopping Center | Brenham
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Rare Opportunity To Acquire Restaurant Property In Northgate District • 10 Dedicated & Exclusive Parking Spaces • Large Patio Area With Excellent Views Of Northgate Entertainment District
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Great Opportunity For Investor Or Owner Occupier In An Irreplaceable Location • Significant Upside With Lease-Up Of Vacant Suites • Tremendous Location Close To Texas A&M University
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~79,686 SF With Adjacent Pad Site • JC Penney Anchored Neighborhood Shopping Center • Potential Redevelopment Opportunity With Availability Of Grocery Box • Good Mix Of Local & National Tenants
RECENT TRANSACTIONS For More Information Contact:
Clinton D. Oldham
Senior Broker Associate Commercial Group p 979.268.2000 f 979.846.7020 c 409.781.7734 clint@OldhamGoodwin.com
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Oldham Goodwin represented the seller in the disposition of a Six Bay Car Wash in College Station
Oldham Goodwin represented the seller in the disposition of a ~53,628 SF Office Complex
979.268.2000 • www.OldhamGoodwin.com
Commercial Quarterly
2nd Quarter 2011
Commercial Properties For Sale Gateway Retail Center | College Station
3310 Longmire | College Station
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Priced Competitively At Only $110.50/ SF • Property Is Part Of The Professionally Managed Longmire Business Park • ~7,000 SF Total With Over ~4,000 SF Of Available Office Or Medical Space
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Located In The Heart Of Restaurant Row On University Drive & Highway 6 • Freestanding Building With Tremendous Visibility From University Drive • Attractive New Construction
The Commercial Group would be delighted to have the opportunity to discuss our services with investors, end users, and owner’s of Retail, Office and Industrial properties.
Clinton D. Oldham
Senior Broker Associate | Commercial Group 409.781.7734 | clint@OldhamGoodwin.com
RECENT TRANSACTIONS For More Information Contact:
Clinton D. Oldham
Oldham Goodwin represented the seller in the disposition of a ~3,402 SF Bank Branch in Bryan
Oldham Goodwin represented the seller in the disposition of a ~2,375 SF Office Building in Bryan
Senior Broker Associate Commercial Group p 979.268.2000 f 979.846.7020 c 409.781.7734 clint@OldhamGoodwin.com
979.268.2000 • www.OldhamGoodwin.com
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Commercial Quarterly 2nd Quarter 2011
Property Spotlight: ~19 Acres on William D. Fitch Parkway | College Station, Texas Offering Summary: Price To Be Determined Owner Will Ground Lease Or Build-To-Suit With Acceptable Terms
Utilities: Electric: Water: Sewer: Cable: Telephone:
College Station Utilities College Station Utilities College Station Utilities Public Available Public Available
Zoning:
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PDD, Planned Development District C-1, General Commercial A-P, Administrative Professional R-4, Multifamily
Commercial Development Land For Sale Property Highlights: • Outstanding Development Tract In Desirable South College Station • Strong Potential For Commercial & Multifamily Uses • Less Than 1½ Miles From New HEB & Lowes Anchored Commercial Developments • In Close Proximity To Established Residential Developments & The New College Station High School • All Utilities On-Site
Ideal For: • Retail • Convenience Store • Medical
• Restaurant • Office • Multifamily
Accessibility: Property can be accessed via William D. Fitch Parkway.
Visibility: Property has excellent visibility from William D. Fitch Parkway.
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Vernie D. Bodden
Senior Broker Associate Land Group 979.777.4641 vernie@OldhamGoodwin.com
979.268.2000 • www.OldhamGoodwin.com
Commercial Quarterly
2nd Quarter 2011
Urban Land For Sale ~3.5 AC on Highway 46| Franklin
New Listing
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~15.46 AC on Highway 30 | Bryan
~19 AC on East 29th Street | College Station
New Listing
New Listing
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Recently Constructed Metal Building Ready For Immediate Occupancy • Over 3 Acres Of Additional Land For Yard Space Or Future Construction • Easy Access To State Highway 79
Excellent Light Industrial Development Tract On Highway 30 Corridor • Easy Access From Highway 30 To Highway 6 • Located In Close Proximity To Other Established Industrial Users • Owner Will Sell Or Build-To-Suit
Outstanding Development Tract In Desirable South College Station • Strong Potential For Commercial & Multifamily Uses • Less Than 1½ Miles From New HEB & Lowes Anchored Commercial Developments
~14.4 AC on Highway 21 | Bryan
Tower Point Tract B | College Station
Tower Point Tract C | College Station
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Outstanding Redevelopment Tract On Major Thoroughfare • Strong Potential For Commercial & Multifamily Uses • Less Than ½ Mile From A New HEB Grocery Redevelopment • ~1,750 SF Office On-Site
Outstanding Development Tract In Desirable South College Station • Within The New HEB-Anchored Tower Point Development • All Utilities • Strong Commercial And Retail Traffic Generators
Outstanding Development Tract In Desirable South College Station • Within The New HEB-Anchored Tower Point Development • All Utilities • Strong Commercial And Retail Traffic Generators
RECENT TRANSACTIONS For More Information Contact:
Vernie D. Bodden
Oldham Goodwin represented the seller in the disposition of a ~1.27 AC tract to an IHOP Franchisee
Oldham Goodwin represented the seller in the disposition of a ~1.57 AC tract to Walgreens
Senior Broker Associate Land Group p 979.268.2000 f 979.846.7020 c 979.777.4641 vernie@OldhamGoodwin.com
979.268.2000 • www.OldhamGoodwin.com
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Commercial Quarterly 2nd Quarter 2011
Urban Land For Sale ~1.93 AC on Highway 6 | Navasota
~7.4 AC on North Graham | College Station
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~4.5 AC on Highway 6 | College Station
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Located On State Highway 6 • Adjacent To Nationally Flagged Best Western Hotel • Close Proximity To Numerous National Retailers
Close Proximity To Highly Traveled Wellborn Road • Regular Shape & Topography • Quick & Easy Access To State Highway 40
Excellent Visibility Along State Highway 6 • ~29,000 VPD (per TXDOT) • Convenient Access To State Highway 6 South
~53 AC on Highway 290 | Waller
Boonville Town Center-Tract A | Bryan
Boonville Town Center-Tract B | Bryan
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Regular Shape & Topography, Suitable For Development • Convenient Access to US 290 • Less Than 30 Minutes To Houston’s Metropolitan Area • Good Visibility & Paved Road Frontage • Situated Along High Growth Corridor
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Planned Commercial Development • Ideal For Restaurant • Exceptional Location & Visibility • Next To New IHOP • ~70,000 Vehicles Per Day On Highway 6
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Planned Commercial Development • Ideal For Retail Or Bank • Exceptional Location & Visibility • Architectural Controls • Great Neighborhood Corner
RECENT TRANSACTIONS Subject
For More Information Contact:
Vernie D. Bodden
Senior Broker Associate Land Group p 979.268.2000 f 979.846.7020 c 979.777.4641 vernie@OldhamGoodwin.com
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Oldham Goodwin represented the buyer in the acquisition of a ~3.36 AC tract on FM 2818
Oldham Goodwin represented the buyer in the acquisition of a ~1.1 AC tract in Harker Heights, Texas
979.268.2000 • www.OldhamGoodwin.com
Commercial Quarterly
2nd Quarter 2011
Urban Land For Sale Boonville Town Center-Tract C | Bryan
Boonville Town Center-Tract D | Bryan
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Boonville Town Center-Tract E | Bryan
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Planned Commercial Development • Ideal For Multifamily Use • Exceptional Location & Visibility • Great Value On Interior Lot • Deed Restrictions
Planned Commercial Development • Ideal For Restaurant Or Retail • Exceptional Location & Visibility • ~70,000 Vehicles Per Day on Highway 6
Planned Commercial Development • Ideal For Restaurant/Hotel/Retail/Mixed Use • Exceptional Location & Visibility • Architectural Controls • Deed Restrictions
Boonville Town Center-Tract F | Bryan
~4.76 AC on Highway 21 | Caldwell
~11 AC on East 29th Street | Bryan
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Planned Commercial Development • Ideal For Restaurant or Retail • Exceptional Location & Visibility • ~70,000 Vehicles Per Day on Highway 6
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Located At Lighted Intersection On Highway 21 • Highly Visible Hard Corner • Adjacent To Proposed Nationally Flagged Hotel • Close Proximity To Highway 36 & Highway 21 Intersection
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Excellent Medical Development Property • Strong Demographics & Traffic Counts • One Of Few Remaining Undeveloped Tracts In Area • Located On Major Commerce Thoroughfare
RECENT TRANSACTIONS For More Information Contact:
Vernie D. Bodden
Oldham Goodwin represented the seller in the disposition of a ~23 AC tract on Elmo Weedon Road
Oldham Goodwin represented the buyer in the acquisition of a ~17 AC tract in Tower Point Development
Senior Broker Associate Land Group p 979.268.2000 f 979.846.7020 c 979.777.4641 vernie@OldhamGoodwin.com
979.268.2000 • www.OldhamGoodwin.com
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Commercial Quarterly 2nd Quarter 2011
Urban Land For Sale ~2.3 AC on Arrington Road | College Station
~.95 AC on Texas Avenue | College Station
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~10 AC on FM 2818 | Bryan
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Outstanding Development Tract In Desirable South College Station • Within The New HEB-Anchored Tower Point Development • All Utilities • Strong Commercial And Retail Traffic Generators
~.95 Acres On The Corner Of Redmond Drive & Texas • Prime Commercial Corner In The Heart Of College Station • Within ½ Mile Of Texas A&M University • All Utilities Available To Site
Located In Close Proximity To Texas A&M University • In Close Proximity To New Texas A&M Health Science Center • Ideal For Neighborhood Strip Retail Development • All Utilities Available
~6 AC on Associates Avenue | College Station
~3.72 AC on Texas Ave | College Station
~3.92 AC on N. Earl Rudder Fwy | Bryan
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Commercial Development • Quick Access To Highway 30 & SH 6 • Office/ Warehouse Users • Preliminary Site Plan & Master Preliminary Plat Created
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Great Commercial Tract Centrally Located In College Station • Access From Texas Ave & Morgans Lane • Ideal For Hotel Or Office Development • All City Utilities Available
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Highly Developable Commercial Tract • Located In High Growth Corridor Of Northeast Bryan • Highly Visible • Access From 2 Roads • Ideal For Office Development Or Car Lot
RECENT TRANSACTIONS For More Information Contact: Site
Vernie D. Bodden
Senior Broker Associate Land Group p 979.268.2000 f 979.846.7020 c 979.777.4641 vernie@OldhamGoodwin.com
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Oldham Goodwin represented the seller in the disposition of a ~120 AC of Industrial Land in Brenham
Oldham Goodwin represented the seller in the disposition of a ~6.5 AC of Multifamily Land in College Station
979.268.2000 • www.OldhamGoodwin.com
Commercial Quarterly
2nd Quarter 2011
Urban Land For Sale ~.96 AC on William D. Fitch | College Station
~4 AC on William J. Bryan Pkwy | Bryan
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Located Directly On State Highway 40 (William D. Fitch Parkway) • Adjacent To Highly Successful Office Development • In Close Proximity To Many Subdivisions
~19.236 AC on Greens Prairie | College Station
Highly Developable Tract In High Growth Corridor Of Northeast Bryan • Situated At A Signaled Intersection • Extrememly High Traffic Counts • All City Utilities Available • Ideal For Neighborhood Retail Or Hotel Use
Extremely Rare Large Tract Platted For Multifamily Development • Adjacent To Highly Successful Multifamily Project • Quick Access To FM 2154 (Wellborn) & State Highway 40
The Land Group specializes in Urban Land as well as Recreational & Farm/Ranch Land. If you are considering buying or selling land, please contact us today to discuss your needs.
Vernie D. Bodden
Senior Broker Associate | Land Group 979.777.4641 | vernie@OldhamGoodwin.com
RECENT TRANSACTIONS For More Information Contact: Subject
Oldham Goodwin represented the seller in the disposition of a ~25 AC tract on Old Reliance Road
Oldham Goodwin represented the buyer in the acquisition of a ~30 AC recreational tract
Vernie D. Bodden
Senior Broker Associate Land Group p 979.268.2000 f 979.846.7020 c 979.777.4641 vernie@OldhamGoodwin.com
979.268.2000 • www.OldhamGoodwin.com
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Commercial Quarterly 2nd Quarter 2011
Recreational & Farm/Ranch For Sale ~16.67 AC on Narrow Way | College Station
~4.2 AC on FM 158 | Millican
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~164 AC on FM 2818 | Bryan
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Close Proximity To State Highway 6 • Directly In The Projected Growth Path Of The City Of College Station
Close Proximity And Convenient Access To State Highway 6 • Directly In The Projected Growth Path Of The City Of College Station • Regular Shape, Suitable For Development
~153 AC on Highway 21 Business | Kurten
~70 AC on Taylor Road | College Station
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Excellent Recreational Property Close To Bryan/College Station • Offers Mix Of Wooded And Open Pasture • Two Stock Tanks • Good Long-Term Investment
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Ideal Recreational Tract • Located In Direct Growth Path Of College Station • New Fencing & Entrance • Rolling Topography With Large Trees
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Commercial And PD-Housing Zoning • In Growing West Bryan, Near Lake Bryan • Nearly 1 Mile Of Frontage On FM 2818 • Strong Utility Service – Development Ready
The Land Group specializes in Urban Land as well as Recreational & Farm/Ranch Land. If you are considering buying or selling land, please contact me today to discuss your needs.
Vernie D. Bodden
Senior Broker Associate Land Group 979.777.4641 vernie@OldhamGoodwin.com
RECENT TRANSACTIONS For More Information Contact:
Vernie D. Bodden
Senior Broker Associate Land Group p 979.268.2000 f 979.846.7020 c 979.777.4641 vernie@OldhamGoodwin.com
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Oldham Goodwin represented the seller in the disposition of a ~617 AC recreational tract
Oldham Goodwin represented the seller in the disposition of a ~30 AC tract on County Road 175
979.268.2000 • www.OldhamGoodwin.com
Commercial Quarterly
2nd Quarter 2011
Property Spotlight: 405 & 407 Cherry | College Station, Texas Offering Summary: Offering Price: Price Per Unit: Price Per SF: Occupancy: Existing Financing:
$525,000 $65,625 $113.34 100% Available On All Cash Basis
Construction Features: Foundation: Reinforced Concrete Slab Frame: Wood Exterior Walls: Brick Veneer Roof Structure: Pitched Composition Floor Coverings: Vinyl/Carpet
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8-Unit Multifamily Property For Sale
Utilities: Electric: Water/Sewer: Telephone: Gas:
College Station Utilities College Station Utilities Various Providers Atmos Energy
Property Overview: The Cherry fourplexes are in the popular northgate neighborhood and is near the Texas A&M University Shuttle Bus Route and the Texas A&M University Campus. The prime location and high demand for affordable units in this area, make this a very desirable property.
Property Highlights: • Excellent Value Add Opportunity • Convenient To Texas A&M • Fully-Equipped Kitchens With Dishwasher, Stove/Oven, Refrigerator & Garbage Disposal • Separately Metered Electric • Near Texas A&M University Bus Route • Walk To Texas A&M University • Ample Parking • Popular Northgate Neighborhood
Rick T. Lemons , CCIM Senior Broker Associate Multifamily Group 979.255.1950 rick@OldhamGoodwin.com
979.268.2000 • www.OldhamGoodwin.com
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Commercial Quarterly 2nd Quarter 2011
Multifamily Properties For Sale 405 & 407 Cherry Street | College Station
500 Foch | Bryan
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Excellent Value Add Opportunity • Convenient To Texas A&M • Fully-Equipped Kitchens • With Dishwasher, Stove/Oven, Refrigerator & Garbage Disposal
2001 Moses Creek | College Station
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16 Units • Walking Distance To Texas A&M University • On The Texas A&M Shuttle Route • In The Historic Northgate Area • Recently Renovated
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Over 1.5 Acres • 2,400 SF Minimum Build • Deed Restricted • Small Pond • Survey On File
105 Winter Park | College Station
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Convenient To Texas A&M • Fully-Equipped Kitchens • Washer And Dryer Connections • On TAMU Bus Route • Large Lot • Deck • 24-Hour Emergency Maintenance
The Multifamily Group at Oldham Goodwin specializes in Apartments, Fourplexes, Triplexes and Duplexes. If you are considering purchasing or selling a Multifamily property, we would appreciate the opportunity to speak with you about your needs.
Rick Lemons , CCIM Senior Broker Associate | Multifamily Group 979.255.1950 | rick@OldhamGoodwin.com
RECENT TRANSACTIONS For More Information Contact:
Rick Lemons, CCIM
Senior Broker Associate Multifamily Group p 979.268.2000 f 979.846.7020 c 979.255.1950 rick@OldhamGoodwin.com
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Oldham Goodwin represented the buyer in the acquisition of a 112 Unit Apartment Complex
Oldham Goodwin represented the buyer in the acquisition of an 88 Unit, Apartment Complex In Bastrop
979.268.2000 • www.OldhamGoodwin.com
Commercial Quarterly
2nd Quarter 2011
Tenant Spotlight: C&J Barbeque
Their Locations: 105 Southwest Parkway College Station, Texas 77840 (979) 696-7900 1010 South Texas Avenue Bryan, Texas 77803 (979) 822-6033 4304 Harvey Road College Station, Texas 77845 (979) 776-8969 (Visit www.cjbbq.com For Operating Hours & More Info)
About C&J Barbeque
In 1981, Chip and Jo Manning bought a convenience store down on Harvey Road near Highway 30. Chip’s father had once owned a convenience store of his own. Chip sold gas, cigarettes, beer and soda, and soon after opening, he put in a barbeque pit and began cooking, on average, 20 pounds of meat per day. People started coming by for gas and a sandwich, and the food started to get more and more popular. By 1997 Chip and Jo decided to get out of the convenience store business and converted the store to a deli style BBQ restaurant. With this promising success, the Manning’s opened two more stores: their Texas Avenue location, in Bryan, in 2002 and their Southwest Parkway location, in College Station, in 2006. The Bryan location is the largest of the three and handles most deliveries and all catering. This location also offers private rooms that can be reserved for special events. Their Southwest Parkway location is one mile from Texas A&M on Wellborn Road. The success of the restaurants can be attributed to an amazingly loyal and dedicated staff, quality food, low prices and the Manning’s commitment to their staff and community. Charles Alexander (Bryan), Darrell Jones (Harvey), and Scott Richter (Southwest Parkway) are the general managers of each store. They have all been with C&J for over 10 years. Their son Justin Manning also manages the Bryan store and has been helping and working with the stores ever since he was in High School. The Manning’s think of their employees as family and friends and have enormous respect for them. That respect is shown true by the consideration and care that the managers and staff give the customers. There are regulars that come in each and every day, they come back because of good food and friendly service.
Located At:
Southwest Crossing College Station, Texas Retail Space For Lease www.OldhamGoodwin.com
979.268.2000 • www.OldhamGoodwin.com
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Commercial Quarterly 2nd Quarter 2011
Office Properties For Lease Kentwood Office Complex | Bryan
New Listing
The Boonville Building | Bryan
The Shops At The District | Bryan
New Listing
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New Listing
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Accessibility On The Highly Trafficked Briarcrest Drive • Between Texas Avenue & Highway 6 South • Less Than 1 Mile From St. Joseph Regional Health Center & Blinn College • Available Space: ~8,194 SF (Divisible)
Well Maintained Single Tenant Building Great Location With Visibility And Exposure To High Traffic Counts On William J Bryan Parkway • Range Of Available Spaces: ~631 - ~1,666 SF
New Retail Space In Historic Downtown Area • Potential For High Foot Traffic • New Adjacent 1,000 Space Parking Garage • Unique Retail Center • Available Space: ~6,500 SF (Divisible)
Physicians Centre | Bryan
Texas Digital Building | College Station
Crystal Park Plaza | College Station
New Tenant
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Class “A” Professional Medical Office Building • Wide Range Of Suite Sizes And Configurations Convenient Access To Highway 6 & University Drive • Range Of Available Spaces: ~428 ~4,200 SF Contiguous
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Customizable Office Space With Open Floor Plan • Private Office Park With Favorable Co-Tenancy • Easy Access To Highway 6 South • Controlled Building Access & Gated Office Park Entrance • Available Space: ~10,598 SF
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Class “A” Professional Office Building • Wide Range of Suite Configurations • High Visibility With Exceptional Traffic Counts • Range Of Available Spaces: ~1,707 - ~21,568 SF
RECENT TRANSACTIONS For More Information Contact:
Robert J. Young
Director of Commercial Leasing Senior Broker Associate p 979.268.2000 f 979.846.7020 c 979.324.1717 robert@OldhamGoodwin.com
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Oldham Goodwin represented the landlord in the lease for KCEN-TV at Texas Avenue Plaza
Oldham Goodwin represented the landlord in the lease for Girling Health Care at Physicians Centre
979.268.2000 • www.OldhamGoodwin.com
Commercial Quarterly
2nd Quarter 2011
Office Properties For Lease Texas Avenue Plaza | Bryan
3310 Longmire | College Station
Memorial Village | Bryan
New Tenant
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Immediate Occupancy Available • Excellent Visibility With Frontage On Texas Avenue • Numerous Recent Capital Improvements • Range Of Available Spaces: ~686 - ~11,920 SF
Convenient For A Variety Of Users Including Professional Office Or Medical Tenants • ~4,013 SF Of Available Space • Excellent Visibility On Longmire Drive, A Major College Station Thoroughfare
First Generation Space Allows For Custom Build Out • High Visibility With Exceptional Traffic Counts • Convenient Access To Restaurants, Retail, Medical & Office • Range Of Available Spaces: ~1,500 - ~6,360 SF
Wolf Pen Ridge | College Station
Executive Office Plaza | Bryan
Southwood Business Center | College Station
Price Reduction
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~1 Mile From Texas A&M University • One Block From Wolf Pen Creek Amphitheater & Park • Range Of Available Spaces: ~2,500 - ~3,524 SF
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~1 Mile From The Briarcrest Exit Off Highway 6 • Within 2 Miles Of Both TAMU Main Campus And Blinn College • Centrally Located • Range Of Available Spaces: ~461 - ~2,850 SF
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Central Location To Thriving Commercial And Residential Growth • Vast Traffic Flow From Texas Avenue • ~400 FT Of Frontage On Hwy 6 • Range Of Available Spaces: ~1,268 - ~12,300 SF
RECENT TRANSACTIONS For More Information Contact:
Jason McAllister
Oldham Goodwin represented the landlord in the lease for David Watson, CFP at United Plaza
Oldham Goodwin represented the landlord in the lease for Outdoor Gear TV at The Emporium
Senior Leasing Associate p 979.268.2000 f 979.846.7020 c 979.820.4872 jason@OldhamGoodwin.com
979.268.2000 • www.OldhamGoodwin.com
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Commercial Quarterly 2nd Quarter 2011
Office Properties For Lease University Park Plaza | College Station
1200 Briarcrest | Bryan
Oxford & Cambridge Court | College Station
New Tenant
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~1.5 Miles From St Joseph Regional Health Center & ~1 Mile From Blinn College • Range of Available Spaces: ~ 1,500 - ~6,000 SF
Great Visibility & Exposure To High Traffic Counts On University Drive • Move-In Ready For Doctors Office Or Professional Office User • Range Of Available Spaces: ~2,000 - ~6,000 SF
United Plaza | College Station
Copper Chase Office Park | Bryan
New Tenant
66
Centrally Located Within Bryan/College Station • Small To Mid-Sized Suite Configurations • Within ~1.5 Miles Of Texas A&M University • Range Of Available Spaces: ~264 - ~3,468 SF
67
~1 Mile From Blinn College • Small, Mid & Large Sized Suite Configurations Available • Less Than 1/4 Mile From St. Joseph’s Regional Medical Center • Range Of Available Spaces: ~130 - ~5,162 SF
65
Executive Style Office Suites • Located Along Hwy 40 Near Castlegate & Castlerock Subdivisions • ~1 Mile From Hwy 40/Hwy 6 Intersection • Range Of Available Spaces: ~120 - ~572 SF
If you are considering leasing space, please contact our group and allow us to provide you with the insight and accessible expertise you need to make an informed decision.
Robert J. Young
Director of Commercial Leasing Senior Broker Associate 979.324.1717 robert@OldhamGoodwin.com
RECENT TRANSACTIONS For More Information Contact:
Robert J. Young
Director of Commercial Leasing Senior Broker Associate p 979.268.2000 f 979.846.7020 c 979.324.1717 robert@OldhamGoodwin.com
20
Oldham Goodwin represented the landlord in the lease for The 7711 Corporation at The Emporium
Oldham Goodwin represented the landlord in the lease for Congressman Bill Flores at Texas Avenue Plaza
979.268.2000 • www.OldhamGoodwin.com
Commercial Quarterly
2nd Quarter 2011
Industrial Properties For Lease 12793 State Highway 30 | Bryan
12600 State Highway 30 | Bryan
The Emporium | College Station
New Listing
New Tenant
68
Excellent Ease Of Access And Visibility On Highway 30 • Secure Yard Space & Paved Parking • Drive Through Warehouse Space With 10’ Overhead Door Heights • Available Space: ~2,000 SF
70
69
~20,473 SF Of Office & Warehouse Space • ~32,000 SF Of Yard Space • High Quality Metal Construction With Four 20’ High Overhead Doors
Easy Access To Highway 6 South & Rock Prairie Road • Six 12’ Overhead Roll Up Doors • Flexible Floor-Plan Easily Divisible To Accommodate A Variety Of Businesses • Range Of Available Spaces: ~242 - ~14,926 SF
If you or your business is looking to relocate, expand or downsize, contact me today to find out how Oldham Goodwin can help find you a great location. For more information regarding our leasing services, please contact me today.
Jason McAllister
Senior Leasing Associate 979.820.4872 | jason@OldhamGoodwin.com
RECENT TRANSACTIONS For More Information Contact:
Jason McAllister
Oldham Goodwin represented the landlord in the lease for Standard Home Health at The Emporium
Oldham Goodwin represented the landlord in the lease for Wareing Financial Group, LLC at Oxford Court
Senior Leasing Associate p 979.268.2000 f 979.846.7020 c 979.820.4872 jason@OldhamGoodwin.com
979.268.2000 • www.OldhamGoodwin.com
21
Commercial Quarterly 2nd Quarter 2011
Retail Properties For Lease Bryan Gateway Center | Bryan
Wellborn Landing | Wellborn
New Listing
Beverley Estates Center | Bryan
New Listing
71
New Availability
72
73
Convenient & Easy Access From Interstate 45 • Excellent Visibility With Frontage On 11th Street • Diverse And Established Retail Tenant Mix • Range Of Available Spaces: ~4,337 - ~6,638 SF
High Visibility With Exceptional Traffic Counts • Convenient Access To Large Rural Housing Developments • In-Line And End-Cap Suites Available • Range Of Available Spaces: ~1,200 - ~3,000 SF
Convenient & Easy Access From Two Thoroughfares • Recently Renovated • Excellent Visibility With Frontage On Texas Avenue • Available Space: ~2,800 SF
Freedom Center | Bryan
Tower Point | College Station
Gateway Retail Center | College Station
New Availability
74
Highly Visible Neighborhood Retail Center • Convenient Access To An Outstanding Mix Of Restaurants, Retail & Student Housing • Highly Concentrated Area Of Retail, Office & Restaurant Users • Available Space: ~1,610 SF
75
Located In Underserved South College Station • Affluent And Rapidly Expanding Population • Multiple Ingress/Egress Points Allows For Convenient Access • Range Of Available Spaces: ~1,200 - ~16,237 SF
76
Located In The Heart Of Restaurant Row On University Drive & Highway 6 • Freestanding Building With Tremendous Visibility From University Drive • Available Space: ~3,566 SF
RECENT TRANSACTIONS For More Information Contact:
Robert J. Young
Director of Commercial Leasing Senior Broker Associate p 979.268.2000 f 979.846.7020 c 979.324.1717 robert@OldhamGoodwin.com
22
Oldham Goodwin represented the landlord in the lease for Mattress Firm at Shops on Texas
Oldham Goodwin represented the landlord in the lease for Papa John’s at Gateway Retail Center
979.268.2000 • www.OldhamGoodwin.com
Commercial Quarterly
2nd Quarter 2011
Retail Properties For Lease Plazas At Rock Prairie | College Station
303 Boyett | College Station
Shops on Texas | College Station
78
77
79
~3,500 SF Restaurant With Covered Patio • 10 Dedicated And Exclusive Parking Spaces • Rare Opportunity For Lease Space In The Northgate Historical District
~4 Miles From TAMU • High Daytime Population • Southern “Gateway” Of College Station • Range Of Available Spaces: ~2,042 - ~3,150 SF & ~0.79 AC Pad Site
Dynamic Growth Area • Central Location With High Traffic Counts • Great Visibility And Access On Texas Avenue Available Space: ~1,594 SF
Post Oak Square | College Station
University Shopping Center | College Station
Mid-Town Center | Bryan
80
Competitive Rental Rates And Build-Out Allowance • Restaurant Space Available • Adjacent To Post Oak Mall • Range Of Available Spaces: ~1,430 - ~19,225 SF
81
Junior Anchor Availability • Over 600 Feet Of Frontage Along Texas Avenue • Less Than 1/2 Mile From TAMU • Five Points Of Access Off Of Three Major Thoroughfares • Available Space: ~12,467 SF
82
Convenient & Easy Access From Two Thoroughfares • Recently Renovated With Fresh Exterior Paint • Excellent Visibility With Frontage On Texas Avenue • Range Of Available Spaces: ~1,400 - ~3,960 SF
RECENT TRANSACTIONS For More Information Contact:
Jason McAllister
Oldham Goodwin represented the landlord in the lease for Gamestop at Shops on Texas
Oldham Goodwin represented the landlord in the lease for Peach Blossom Island Group at Plazas At Rock Prairie
Senior Leasing Associate p 979.268.2000 f 979.846.7020 c 979.820.4872 jason@OldhamGoodwin.com
979.268.2000 • www.OldhamGoodwin.com
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Commercial Quarterly 2nd Quarter 2011
Retail Properties For Lease Southwest Crossing | College Station
Park Plaza Center | College Station
83
84
Grant Plaza | Huntsville
85
~8,000 SF Pad Site Available • Located In The Center Of The Most Densely-Populated Student Area In College Station • Located Less Than ½ A Mile From TAMU • Range of Available Spaces: ~1,500 - 6,000 SF
Located In The Heart Of College Station’s Retail Corridor • Excellent Visibility At The Corner Of Texas Avenue & Harvey Road Located Within Close Proximity To HEB & Target • Available Space: ~2,263 SF
Convenient & Easy Access From Interstate 45 • Excellent Visibility With Frontage On 11th Street • Diverse And Established Retail Tenant Mix • Range Of Available Spaces: ~4,337 - ~6,638 SF
Market Square Shopping Center | Brenham
Longwood Crossing | Pearland
West Wind Shopping Center | Lubbock
86
Big Box Availability • Less Than 1 Mile From Hwy 290 • Less Than 3 Miles From Blue Bell Creameries • Range Of Available Spaces: ~2,000 - ~38,046 SF
87
~3.5 Miles From Silverlake, A 3,500 Home Residential Development • ~5 Miles From The 288/518 Intersection • Available Space: ~2,200 SF
88
~3.6 Miles From Texas Tech University & ~2 Miles From Lubbock Christian University • Available Space: ~1,952 SF • Great Visibility From Loop 289
RECENT TRANSACTIONS For More Information Contact:
Robert J. Young
Director of Commercial Leasing Senior Broker Associate p 979.268.2000 f 979.846.7020 c 979.324.1717 robert@OldhamGoodwin.com
24
Oldham Goodwin represented the landlord in the lease for Yogurtland College Station at Park Plaza Center
Oldham Goodwin represented the landlord in the lease for Merle Norman at Post Oak Square
979.268.2000 • www.OldhamGoodwin.com
Commercial Quarterly
2nd Quarter 2011
Retail Properties For Lease Southwood Plaza | College Station
Park Place Plaza | College Station
89
90
Anchored By Super Walmart Of College Station • Great Access To The Center With Entrances On Longmire & Texas Avenue • Available Space: ~1,000 SF
Convenient Community Retail Center • Great Visibility & Access On Southwest Parkway & Texas Avenue • Centrally Located Near Texas A&M University And Residential Subdivisions • Range Of Available Spaces: ~1,161 - ~45,500 SF
Brookhaven Retail Center | Bryan
91
Excellent Visibility • Diverse And Established Retail Tenant Mix • Recently Updated Façade • Convenient Bank Availability With Drive-Thru Available • Range Of Available Spaces: ~1,000 - ~2,100 SF
If you are considering leasing space, please contact our group and allow us to provide you with the insight and accessible expertise you need to make an informed decision.
Robert J. Young
Director of Commercial Leasing | Senior Broker Associate 979.324.1717 | robert@OldhamGoodwin.com
RECENT TRANSACTIONS For More Information Contact:
Jason McAllister
Oldham Goodwin represented the tenant in the lease for Fish N’More at Tejas Center
Oldham Goodwin represented the landlord in the lease for Aerofit Express at Southwest Crossing
Senior Leasing Associate p 979.268.2000 f 979.846.7020 c 979.820.4872 jason@OldhamGoodwin.com
979.268.2000 • www.OldhamGoodwin.com
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Commercial Quarterly 2nd Quarter 2011
Property Location Map 45
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This map of the Bryan & College Station city limits is for marketing purposes only and may not accurately depict the actual city limits. This map is not to scale and all property locations are approximate.
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979.268.2000 • www.OldhamGoodwin.com
Commercial Quarterly
2nd Profile Quarter 2011 Commercial Management Division
Commercial Management Division Profile Oldham Goodwin’s Commercial Management Division offers professional property management services designed to reduce liability, labor expenses, administration, vacancies, and tenant/landlord disputes as well as increase asset value and public visibility. By offering a complete range of management services for Retail, Office & Industrial property types including: Asset Management, Property Management, Advisory/Consulting Services, Construction Management and Real Estate Owned (REO) Workout/Management Solutions, Oldham Goodwin is structured to ensure your investment is maximized at every stage of the process. With a strong focus on customer service, our team works closely with you to identify and execute strategies to improve performance and yield quantifiable results.
Example Managed Properties Southwest Crossing At Bee Creek | College Station • • •
Strategically located at the intersection of Wellborn Road and Southwest Parkway within close proximity to Texas A&M and a densely-populated student area in College Station. 100 % leased Oldham Goodwin leased spaces to Haix, Aerofit Express, Hungry Howie’s Pizza and Layne’s
Southwest Crossing At Bee Creek
Crystal Park Plaza | College Station • • • •
Crystal Park Plaza
The only true multi-story Class “A” professional office building in College Station, Texas. ~93,822 SF building is located near Emerald Parkway at the intersection of Highway 6 & Harvey Mitchell Parkway (FM 2818) Crystal Park Plaza offers its tenants convenient access to Highway 6, key-card controlled access, abundant parking and on-site storage Recent transaction - Schulman Partners, Ltd. & an additional ~12,727 SF currently in negotiation to be leased.
Gateway Retail Center | College Station
• • •
Located at the corner of Highway 6 and University Drive in the middle of the highest concentrations of national retailers in the Brazos Valley Gateway Station, the adjacent shopping center houses retailers such as Home Depot, Ulta, Chico’s, Kirkland’s, Talbots, Michaels, Starbucks and JoS. A. Bank’s. Recent transaction - Papa John’s Pizza
Gateway Retail Center For More Information About These Services, visit www.OldhamGoodwin.com. 2800 South Texas Avenue, Suite 401 Bryan, TX | 77802 979.268.2000 • www.OldhamGoodwin.com Phone: 979.268.2000 | Fax: 979.846.7020
27
Commercial Quarterly 2nd Quarter 2011
Accessible Expertise Rick Lemons, CCIM
Multifamily Group
Clinton D. Oldham
Senior Broker Associate
Commercial Group Senior Broker Associate
Rick’s background encompasses over 20 years of hospitality and property management experience with Aramark, Pappas Restaurants, Inc. and Oldham Goodwin. Since 2004, he has managed and operated the multifamily division of Oldham Goodwin. As a commercial real estate broker, Rick has listed and sold numerous multifamily and single family properties to local and national investors. 979.255.1950 | rick@OldhamGoodwin.com
Clint represents our private investment and corporate clients in the acquisition and disposition of Retail, Office and Industrial real estate. In addition to buyer and seller representation, Clint’s experience includes project leasing, tenant representation, as well as investment and financial analysis. Clint’s broad range of experience in the local commercial real estate market has made him a valuable asset to clients seeking to acquire or dispose of their assets.
Vernie D. Bodden, III
Robert J. Young
Land Group
409.781.7734 | clint@OldhamGoodwin.com
Senior Broker Associate
Leasing Division Senior Broker Associate
Vernie’s background in the ranching industry has enabled him to build a broad base of knowledge in rural land, both from an operational and valuation perspective. Vernie has used these principals to broaden his scope of knowledge to include the commercial realm. As a result, he has been able to represent some of the states largest retail and hospitality developers. 979.777.4641 | vernie@OldhamGoodwin.com
Over the last 4 years, Robert has focused on increasing his understanding of the B/CS real estate market, the emerging trends that affect the city, county, and state, and the commercial real estate growth indicators that real estate experts use to predict the future of the local market. Robert strives to deliver the highest levels of client services available. 979.324.1717 robert@OldhamGoodwin.com
Jason McAllister
Brock Robertson
Leasing Division Senior Leasing Associate
As Senior Leasing Associate, Jason is responsible for the leasing, marketing, and financial performance of retail and office properties. Jason advises clients on matters such as: feasibility of lease terms, finish out allowances, capital expenditures, cost segregation studies, property valuation models and forecasted cash flow. 979.820.4872 | jason@OldhamGoodwin.com
Leasing Division Leasing Associate
Brock specializes in commercial property analysis, budget projections, and providing landlord representation for office space. Brock utilizes and leverages his knowledge of commercial real estate finance to provide exceptional service to each of his clients. Outside of work, Brock is an avid golfer and enjoys spending time with family and friends. 469.363.8619 | brock@OldhamGoodwin.com
Daniel Powell
Sales Division Sales Coordinator, Associate
Daniel coordinates sales marketing and transaction efforts as well as assists executives with brokerage strategic initiatives. Daniel is known by his peers as highly organized and extremely knowledgeable of brokerage services. 979.575.2551 | daniel@OldhamGoodwin.com
Melissa Weck
Leasing Division Leasing Coordinator, Associate
Melissa coordinates leasing marketing and transaction efforts as well as assists executives with brokerage strategic initiatives. Melissa is a licensed real estate agent and holds prior leasing experience with Equity Real Estate 832.489.0759 melissa.weck@OldhamGoodwin.com
2800 South Texas Avenue, Suite 401 Bryan, Texas | 77802 T 979.268.2000 | F 979.846.7020 www.OldhamGoodwin.com