REDNews May 2015 - Southeast Texas

May 2015

In this issue: What Retailers Want State of the CRE Market

FOR 100,000+ CRE BROKERS, INVESTORS & DEVELOPERS

La Porte Town Center

380,000 Trade Area Population with an Avg. Household Income of $72,000 Texas-Sized Opportunities for Retail, Restaurants, and Entertainment! houston ship channel fred hartman bridge

SH 225

instant access: download our information packet right to your phone

want to talk opportunities? scott d. livingston economic development coordinator 281-470-5016 livingstons@laportetx.gov

SH 146 la porte town center

bay forest golf course

galveston bay

more than a business venture...

life. by the bay.

gateway to independence and Texas-sized opportunities

www.laportetx.gov

ROOM TO BOOM

OFF THE DRAWING BOARD AND TURNING DIRT!

Crossroads at Terrell Terrell Market Center

Fall 2016 opening features 275,000 sf of big box tenants, shops, restaurants, hotels on 255+ acres MARKET n

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SITE

Anchor and pad sites available at junction of I-20 and U.S. 80

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25 miles east of Dallas, Texas

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Ideal regional spacing out positions all retail sites to the west

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Dynamic regional trade area 287,629 population services Kaufman and Van Zandt counties*

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$69,504 2014 Average HH Income** 39.86% Population

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growth** n

*2014 Retail Coach ** CBRE/UCR

Anticipated opening dates: Terrell Market Center Summer 2015, Crossroads at Terrell Fall 2016 62,000 sf Buc-ee’s Travel Plaza drives 6,000+ vehicles per day 45,000 VPD I-20 Traffic Count Double diamond interchange allows convenient access from all directions Adjacent to future Baylor, Scott & White Health 52-acre regional medical concentration Potential for 1,000,000 sf + power center and mixed-use development

Looking for a high-performance retail or commercial site for expansion or relocation? Look no further than Terrell, Texas for your new address of success. Terrell is home to Walmart Supercenter, The Home Depot, Tanger Outlet Center as well as five Fortune 500 company divisions. In addition to Crossroads at Terrell/Terrell Market Center, over 3,000,000 sf is still available for future projects on the drawing board. To get in on the boom contact Danny Booth, EDC President at 972.524.5704, danny@terrelltexas.com or visit terrelltexasedc.com

Visit Team Terrell at RECON Las Vegas Booth S2636, S Street and 26th Ave

TERRELL ECONOMIC DEVELOPMENT CORPORATION

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P.O. BOX 97

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1314 W. MOORE AVENUE

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TERRELL, TEXAS 75160

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TERRELLTEXASEDC.COM

713.690.0000 CaldwellCos.com Office / Warehouse For Sale | 81,014 SF of Improvements on 20 Acres

711 Rankin Road, Houston, TX 77073

FEATURES • Premier North Houston location outside the city limits near IAH Airport • Access to Rankin Road, Hardy Toll Road, I-45, and BW 8 • Large Class “A” Two-Story Office (25,969 SF) • 39,181 SF of warehouse space • 4,884 SF of office plus 10,980 SF in other freestanding buildings • Majority of land stabilized • Large concrete parking area • Adequate power at site and more available with adequate room to add-on a larger crane served building • Ideal for corporate headquarters with plenty of room to grow

Sales Price: $5,100,000 Office/Warehouse For Lease | 5655 W. Sam Houston Parkway North, Houston, TX 77064

Beltway 8 & Tanner Road

FEATURES • Approximately 30,000 SF remaining • Freestanding building - BTS office with liberal TI • New construction – shell building • Beltway 8 frontage with easy access • Signage on Beltway 8 • Close to City Centre amenities • Generous TI allowance • Less than 30 minutes to Bush IAH

Rental Rates: $1.25/SF/Month NNN $0.17/SF/Month Opex.

Bill Ginder, CCIM, SIOR Office: 281.664.6641 Email: BGinder@CaldwellCos.com

John Ginder Office: 281.664.6668 Email: JGinder@CaldwellCos.com

REDNews

IN THIS ISSUE

C O N T E N T & F E AT U R E S

PROPERTIES FOR SALE/LEASE

1 - 3, 5, 7 – 9, 11, 13, 15 – 28, 43, 44 1-3, 5, 7 – 12, 14 – 25, 27 – 29, 33, 36- 41, 54 – 56

COMMERCIAL SERVICES

Environmental 30 Legal Services 41 Moving & Relocation 41

WHAT’S HAPPENING IN TEXAS CRE

Calendar of Events 32, 34, 36 Networking Photos 33, 35, 37 Deals & Announcements 38 – 40, 42, 44

ARTICLES What Retailers Want State of the CRE Market

4 | REDNews.com

10, 12, 14 29

river crossing ranch 6,430 acres - san saBa/mcculloch counties

sealed Bid - timed offering

Brokers welcome - inquire Below for prospectus

6.5 miles of san saba river form the northern boundary, with over 1.5 miles having ownership of both sides.

spectacular, multi-hued cliffs up to 150’ tall line sections of the river, providing unmatched scenery and surreal splendor.

rugged liveoak and mesquite country is home to scores of wildlife, and perfectly secluded with access at two points with little public exposure.

this historic ranch sits on top of huge groundwater resources, and includes springs, artesian well, part minerals, and 735 gpm irrigation well.

david e. culver, Broker 210.422.4676 dec@landtx.com 830.997.8616 www.landtx.com

REDNews

FOR

100,000+ CRE BROKERS, INVESTORS & DEVELOPERS

PUBLISHER Ginger Wheless ginger@rednews.com

EDITOR

PUBLISHER’S LETTER Dear Readers,

W

e’re heading to Las Vegas on May 17th for the ICSC conference. ICSC RECON is all about education and deal making, and we’re definitely looking forward to the event. Currently, over 34,000 CRE professionals are preregistered. This is an opportunity not to be missed for all of you in the retail industry. Peyton Manning (Denver Broncos), John Marshall (NY Times best-selling author on leadership), Stefan Larsson (Old Navy), and Commander Rorke T. Denver (Navy Seals Trainer), Erik Qualman (Author of Socialnomics) and Michael Francis (Chief Global Brand Officer Dreamworks Animation) are all keynote speakers which should make for some intriguing and varied information.

Many Texas retailers appear to be expanding so this month REDNews asked leading retail players these questions: What’s working best for you in your business today? Tell us about your expansion plans. What are the demographics involved within your expansion considerations, and are there specific target markets you’re looking at? See pages 10, 12, 14 to read our article: What Retailers Want; I’m sure you will find their responses really interesting.

We hope to see as many of you as possible in Las Vegas, and, as ever, hope you enjoy a successful conference!

Marjorie Gohmert info@rednews.com

STAFF WRITER Janis Arnold janisarnold1@gmail.com Brandi Smith info@rednews.com

CONTRIBUTING WRITERS Ray Hankamer rhankamer@gmail.com Jim Wilkie jimwilkie@swbell.net

ART DIRECTOR Mya Dale mya@rednews.com

E-MARKETING MANAGER Anthony Morrison emarketing@rednews.com

ACCOUNTING Benton Mahaffey accounting@rednews.com

SALES Bri Martinez bri@rednews.com Ginger Wheless ginger@rednews.com

PRINT & DIGITAL DISTRIBUTION REDNews is directly mailed each month to commercial real estate brokers, investors &

Best Regards,

developers.

Texas Brokers 7,650 Texas Leasing/Tenant Rep 6,232

Ginger Wheless

Texas Investors 4,979 Texas Developers 4,710 Outside Texas Investors, Brokers, Developers, etc 81,577 Total REDNews Distribution: 105,148 REDNews Has Gone Green Using Recycled Paper Thank you, Midway Press To subscribe to REDNews call 713.661.6300 or log on to www.REDNews.com/subscription/ 5909 West Loop South, Suite 135 Bellaire, Texas 77401

6 | REDNews.com

For all your commercial real estate needs, we’re here to point you in the right direction.

LANDLORD & TENANT REPRESENTATION • SITE ACQUISITION • SALES & LEASING • REAL ESTATE CONSULTING • PROPERTY MANAGEMENT Windvale Shopping Center For Lease & Pad Sites Available

9420 College Park Dr, The Woodlands

Market Street Office Space For Lease

9595 Six Pines, The Woodlands

The Gardens Retail Center For Lease

15125 North Freeway, Houston

• Grocery anchored center located at the SEC of SH 242 and FM 1488 • Spaces available from 1,000-6,237 SF • .6 acre, .9 acre, 1.6 acre pad sites available • Close proximity to Sam Houston State University, Lone Star College & St. Luke’s Hospital

• 560,000 SF mixed use development • Class A office space above ground-floor retail • Located in the heart of Town Center • Convenient reserved, covered and surface parking • Professional on-site management

• Consists of 58,460 SF and is situated on approximately 10 acres.

• 15,485 SF available with 9,483 SF of contiguous space.

• Excellent visibility with direct access to I-45 South frontage road • High traffic counts (300,000 cpd – I-45 South)

2 Acres For Sale

College Park Plaza For Lease

Portofino Plaza For Lease

Westwood/FM 1488, Magnolia • Located at a signalized intersection at the NW corner of Westwood N Dr. and FM 1488.

• East of FM 2978/FM 1488 intersection, west of Interstate 45 • Frontage: 183+/- FF on FM 1488 and 450+/- FF on Westwood N Dr. • Utilities Available: Westwood North Water Supply Corp. (Water) & Woodlands Oaks Utility Co (Wastewater)

Harmony Plaza For Lease

3535 Rayford Rd., Spring • New Construction – Est. Delivery June 2015 • Located near intersection of Rayford Rd @ Grand Parkway 99, East of I-45 North.

• 10,000 SF Retail Center • Adjacent to HEB Grocery Development – Est. Completion Fall 2015

3091 College Park Dr., The Woodlands • Various retail spaces available • Conveniently located on College Park Dr. (SH 242) at Interstate 45 in The Woodlands • Site is adjacent to St. Luke’s Hospital and The Woodlands College Park High School and across from Sam Houston State University and Lone Star College • Super Walmart, Lowe’s, Garden Ridge, Burlington and Kohl’s are in the immediate area

Lakeside Commons For Lease

13731 FM 1097, Willis

19073 North Freeway, Shenandoah • Located ½ mile north of Research Forest Drive on Interstate 45, approximately 1 mile from The Woodlands Town Center and 5 miles from the Hardy Toll Road and the ExxonMobil Corporate Campus • Various retail spaces available • Maximum visibility on I-45

Panther Creek Professional Plaza II For Lease

4840 W Panther Creek Dr., The Woodlands

• SWC of FM 1097 and Longstreet, near Lake Conroe • 1,300 -11,700 sf available for lease • Tenants include: Bing Bistro, Dominoes Pizza and Subway • Future Residential Development – Across the street • Potential Uses: Neighborhood services

• Centrally located adjacent to the Randall’s Panther Creek Village Center at the corner of Woodlands Parkway and West Panther Creek Dr. • Great location for medical or professional office space.

• Easy access to Interstate 45 and the Hardy Toll Rd • Convenient to Town Center & Hughes Landing

8.45 Acres (Unrestricted) For Sale

28031 Dobbin Hufsmith, Magnolia • Located within 5 miles of the new Baker Hughes Western Hemisphere facility at the corner of FM 2978 and FM 2920 • Commercial and residential development under way throughout this market area • New luxury community by Toll Brothers north of FM 2978, 900 +/- new luxury homes, Spring 2015

Retail/Office Show Room For Sale

5459 HWY 105 West, Conroe • Retail showroom with 29,500 SF situated on 1.5 acres.

• There is a 21,000 SF, air conditioned showroom and 8,500 SF of warehouse space, with a dock high loading area.

• Signalized entry and exit to Hwy 105 provides easy access.

• Excellent visibility with high traffic volume in Lake Conroe market.

• Located approximately 3-1/2 miles west of Interstate 45 and 1-3/4 miles from Loop 336.

Brownstone Office Condo For Sale or Lease

25211 Budde Rd., The Woodlands • Approx. 4,200 SF, beautiful 2 story executive office suite • Plug & Play – fully furnished, including art work, with elevator and back-up generator • Located less than a mile from I-45, convenient access to all amenities

10077 Grogan’s Mill Road, Suite 135 The Woodlands, TX 77380

281.367.2220 jbeardcompany.com This information contained herein has been obtained from reliable sources; however, The J. Beard Company, LLC and The J. Beard Real Estate Company, L.P. makes no guarantees, warranties or representations to the completeness or accuracy of the data. Property submitted is subject to errors, omissions, change of price, prior sale or withdrawal without notice.

Personalized Service. Proven Results.

www.tarantino.com ASHFORD PROFESSIONAL

909 Dairy Ashford Rd, Houston, TX 77079

NANES PROFESSIONAL

17030 Nanes Dr, Houston, TX 77090

• T wo Story Medical Office Building • Renovated in 2008 • Up to 2,392 SF Available • Services the Memorial & Surrounding Neighborhoods

MEDIC AL • T wo Story Medical/ Professional Office Building • 11,929 NRA Contiguous Space Available on Second Floor • Located 2 Miles from the Houston NW Medical Center • 15 Minutes from IAH & The Woodlands

• T hree Story Office Building • Beautiful Fully Remodeled Lobby & Common Areas • Conveniently Located Across Bayshore Medical Center • Generous TI Packages

• New Ownership • 1,000-56,000 NRA Available • Building Identity Available • Beautiful Atrium Lobby with Granite Finishes

• 1,000-40,000 NRA Available • Completely Remodeled in 2015 • Private Corner Balconies on Upper Floors • Located near FM 1960 & I-45 in Champions Forest

NORTHGREEN ATRIUM BUILDING

1300 N. Sam Houston Parkway Houston, TX 77032

7575 SAN FELIPE

7575 San Felipe Houston, TX 77063

•4 6,462 SF, Three Story Medical Office Building • 80 Free Surface Parking Spaces • Recently Renovated Lobby • Generous TI Allowance

OFFIC E • 1,510-2,398 SF Available in Suburbs of the Galleria • Common Areas, Lobby & Restrooms Remodeled in 2015 • Monument Signage Available • Numerous Shopping Centers & Restaurants Nearby

•1 , 117- 8,849 SF Available • Lobby & Common Areas Remodeled in 2014 • Covered two (2) story parking garage • Located near the Energy Corridor

908 E. SOUTHMORE

908 E Southmore Blvd, Pasadena, TX 77502

PASADENA PROFESSIONAL

3315 Burke Rd, Pasadena, TX 77504

NORTHCHASE BUSINESS PARK

14505 Torrey Chase Blvd Houston, TX 77014

1505 HIGHWAY 6

1505 Highway 6 Houston, TX 77077

TOWNSHIP SQUARE

WOODFOREST SHOPPING CENTER •U P to 23, 000 SF Available • End Cap Available • NWC I-10 E Frontage @ John Ralston

10907-11095 I-10 East Houston, TX 77029

RESEARCH PLAZA

RETAIL •3 ,965 SF End Cap Available • Freeway Visibility from I-45 North • Ample Parking • Anchored by Walgreens, Party City, Subway

19189 I-45 North Shenandoah, TX 77385

DE ZAVALA

12770 Cimarron Path, San Antonio, TX 78249

1005 INDUSTRIAL

• Up to 6,845 Retail Space Available • Easy Access to Highway 6 & U.S. Hwy 59 • Traffic Count Exceeds 30,653 CPD

•3 ,000 – 10,000 SF, Flex Office & Biomedical Space Available • Climate Controlled Warehouse • Generous Tenant Finish-Out Allowance • Northwest Location with Easy Access to I-10 & 1604

• Hard Corner of Hwy 90 & Dairy Ashford • Up to 3,901 SF Available • Great Co-Tenancy • Traffic Count Exceeds 78,000 CPD

•S uite 250: 4,225 SF Warehouse & 3,336 SF Office Space Available • Easy Access to Beltway 8, I-45 and IAH • 2 Semi-Dock High Loading Bays • 1 Up- Ramp Allowing Drive in Access • Air Conditioned Warehouse

INDUSTRIAL • Stand-alone 15,000 SF Building • (3) 10ft. Roll Up doors- Grade Level Loading • Warehouse Ceiling Height 20ft.

• New Roof

7887 San Felipe, #237 Houston, TX 77063 (713) 974-4292

SUGAR POINT SHOPPING CENTER

9920 Hwy 90 Sugar Land, TX 77478

15340 VANTAGE

15340 Vantage Parkway E, Houston, TX 77032 INTERCONTINENTAL BUSINESS PARK

•1 0,663 SF Available • 3 Phase Power • 18ft Ceiling Height • Easy Access to Beltway 8

1005 Industrial Sugar Land, TX 77478 CORPORATE OFFICE:

3340 FM 1092 Missouri City, TX 77459

15344 Vantage Parkway E Houston, TX 77032 SAN ANTONIO OFFICE: 12770 Cimarron Path St. 122 San Antonio, TX 78249 (210) 212-6222

AUSTIN OFFICE:

502 East 11th Street, #400 Austin, TX 78701 (512) 302-4500

REDNews

WHAT RETAILERS WANT REDNews

BY BRANDI SMITH

Business is good for Salata founder Berge Simonian. So good, in fact, that his 10-year-old company has outgrown its downtown Houston headquarters and started construction on a new facility in west Houston.

“It’s a 26,000 square foot property that we bought in July 2013,” says Simonian. “Hopefully by July of this year, we should be good to go to move our headquarters, our training restaurant and our dressing manufacturing there.”

The new building at 16720 Park Row will also feature a restaurant that will serve as the company’s test kitchen. Billing itself as “The Next Generation Salad Bar,” Salata offers a simple menu: fresh salads and house-made soups. It’s a recipe that’s worked so far, but a large portion of the chain’s success can be attributed to Simonian’s foresight; ten years ago, he saw that consumers wanted more choices.

“Everyone wants to eat healthier,” he says, “and there aren’t a lot of options out there.”

Simonian is doing his best to rectify that - one Salata at a time. Five years ago, the salad chain had eight locations split between Houston and Dallas. Now Simonian touts 42 restaurants - some of them franchises - throughout Texas, California and Illinois with plans to open 15 more in the Lone Star State by next year.

“Mostly college towns such as Lubbock and Waco,” he said. “We’re going to be showing presence there in the next couple of years.”

Simonian is quick to point out that a lot of thought and research goes into selecting new locations and markets.

“Within a three-mile radius, we need a population of more than 100,000 and an average income of at least $75,000,” explains Simonian, also mentioning that a large, white-collar daytime population is also important. The company also looks for high-end shop10 | REDNews.com

ping centers with plentiful parking and visibility.

He added that along with Salata’s healthy offerings, healthy competition helps the restaurants thrive.

“I like to see more restaurants where everyone converges so we already have the clientele and we would be the healthy option,” Simonian says.

That sentiment is shared by Gregg Koffler, vice president of franchise development at Corner Bakery Cafe.

“Other fast casual concepts in the market always help,” he says.

“We don’t mind the competition.”

Certainly, that approach appears to be working for the 14-year-old company. Founded in Chicago in 1991 and now based in Dallas, Corner Bakery Cafe operates 182 stores in more than 20 states with plans to expand further.

When it comes to finding a location, Koffler says the company maintains what he calls a “flexible footprint.”

“We have a couple different prototypes,” he explains. “Anywhere from 3,400 square feet to 4,200 square feet. Inline, end cap or even pad sites are OK with us.”

Like Salata, Corner Bakery Cafe wants locations surrounded by a daytime population of professionals.

Says Koffler: “23 percent of our business is generated through catering.”

Standard fast-food brands with an established presence in Texas are also adding locations. Maureen DiStefano, the director of development for Arby’s, says while the chain already boasts 134 restaurants here, there are plans to add franchises in 14 markets.

Those include Victoria, Amarillo, Corpus Christi and San Antonio.

Continued on page 12

DEVELOPMENT TRACTS

REDNews

CLOSE TO EXXON MOBIL

Retail/Industrial & Multi-Family Sites

FM 1 1960

Tract 1

• 1,136 FF Kuykendahl Rd • 5.69 Acres NORTH FOREST

Tract 2

• • •

EAGLES AGLES LANDING

I-45

•

529 FF on Kuykendahl Road 9.92 Acres +/- 400’ NW of Ella Blvd.

Great visibility on heavily traveled Kuykendahl Rd. GLEN ABBEY Y Located in dense residential area just west of I-45 Zoning: None Utilities: HC MUD #399 Key Map: 372B

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Rd hl da en yk Ku

• • • •

Tract 1 Tract 2 EAGLES EAG AG GLES LANDING BLUE ASH lvd.

B Ella A RT XPLAZA P LAZA AT AIRTEX-E AIRTEX-ELLA QUAIL CHASE CHAS WOODS WOOD S OF KUYKENDAHL Grand Parkway (Proposed) da

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Ku

WOODFALL WOODFALLS WOOD DFALLS COURT CO OURT

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Rd Ella

PRICED TO SELL!

Blv d.

VAND RB LT VANDERBILT

Tract 1: $4.50 PSF; Tract 2: $4.50 PSF

Brokers Welcome

PARK AT KIRKSTALL RKSTALL KSTALL

FULL 6% COMMISSION PAID

Rachel S. Grant

7887 San Felipe Suite 122,

Houston, TX 77063

R. S. Hart

N e w s . Brokerage, c o m |L.L.P. 11 ( O ) 7 1 3 . 7 8 9 . 3 1 3 3 | ( M ) : 2 8 1 . 6 8 6 . 2 9 9 3 | R a c h e l G r a n t @ R S H a r t . c o mR E DCommercial

Continued from page 10

REDNews

Burger King, while not divulging its exact number of Texas locations, did say its franchisees “continuously review its restaurant portfolio and make strategic decisions based on many factors, including development opportunities, market conditions, restaurant profitability, lease length and overall brand presence.”

Though there may be more small footprint restaurants looking for space in Texas in 2015, grocery stores are buying up square footage by the thousands. Due to the pressure of competition, the largest chains - including Aldi, Walmart, Kroger, Trader Joe’s, HEB and Whole Foods - declined to participate in this article.

However, Wolfe & Co., a Houston-based commercial real estate agency, reports that 32 new supermarkets are planned in the Bayou City alone in 2015. That list includes construction by HEB (seven stores),

“We continue to include D-FW in our statewide real estate search for future property holdings for the company,” HEB vice president Winell Herron told the newspaper, adding that real estate purchases are “a key part of [the chain’s] strategy.”

Though restaurant and grocery chains are eating up a lot of Texas commercial real estate, other retailers are also trimming off square footage.

“We combine experience and science when evaluating potential locations to create a market optimization map, which defines our growth strategy in a market,” says Greg Smith, Sport Clips’ vice president of real estate.

The Georgetown, Texas-based hair care chain was just named in Entrepreneur magazine’s “Top 10 Fastest-Growing Franchises” and ranked 36th in the “Franchise 500” -- and for good reason. Sport Clips locations are cropping up monthly with more than 1,300 across the country.

Smith says the plan is to open another 23 in Texas this year.

Kroger (four stores), Walmart (four stores), Whole Foods (two stores), Sprouts (two stores), Fiesta (one store), Trader Joe’s (one store) and Aldi (11 stores).

While Aldi is a relative newcomer on the Texas scene, its manager plans expansive growth here over the next five years.

“We still have plenty of room to grow in Texas,” Hector Alejandro, ALDI Inc.’s director of regional buying, told the Dallas Morning News.

Aldi is a third the size of a traditional supermarket, usually no more than 17,000 square feet, but its Texas presence is exploding. The grocery chain currently has 89 locations throughout the state, but Alejandro says he foresees more than 400 in the future. Additionally, Aldi is in the process of building a 650,000 square foot distribution center in Rosenberg, set to open next year.

Meanwhile, its biggest competitors are expanding too. Walmart just opened 37 of its neighborhood markets in two different layouts: 40,000 square feet and 12,000 square feet.

The Dallas Morning News also reports that HEB is buying up property in north Texas, specifically in Dallas, Fort Worth, Frisco and Plano. Despite the real estate investment, the 110-year-old, San Antonio-based company hasn’t announced any plans to open new stores there.

12 | REDNews.com

“Many of those approved are in Dallas-Fort Worth, Austin, Killeen, San Antonio, Houston, El Paso and other medium to larger cities,” he says.

He adds that though Texas is Sport Clips’ most mature market, the population growth here opens up opportunities for continued expansion.

“According to the U.S. Census Bureau, Houston-The Woodlands-Sugar Land was the top metro area from mid-2013 to mid-2014 in increase in population with Dallas-Fort Worth-Arlington being second,” Smith points out.

It might appear as though Sport Clips’ rapid expansion

ALDI Existing Texas locations: 89 Locations planned in 2015-2016: 11+ Arby’s Existing Texas locations: 134 Locations planned in 2015-2016: 14+ Burger King Existing Texas locations: n/a Locations planned in 2015-2016: n/a Corner Bakery Cafe Existing Texas locations: 182 Locations planned in 2015-2016: n/a Dollar General Existing Texas locations: 11,800 Locations planned in 2015-2016: n/a Fiesta Existing Texas locations: n/a Locations planned in 2015-2016: 1+ HEB Existing Texas locations: n/a Locations planned in 2015-2016: 7+ Kroger Existing Texas locations: Locations planned in 2015-2016: 4+ Salata Existing Texas locations: 36 Locations planned in 2015-2016: 15 Sport Clips Existing Texas locations: 205 Locations planned in 2015-2016: 23 Sprouts Existing Texas locations: 35 Locations planned in 2015-2016: 2+ TopGolf Existing Texas locations: 6 Locations planned in 2015-2016: n/a Trader Joe’s Existing Texas locations: 17 Locations planned in 2015-2016: 1+ Walmart Existing Texas locations: Locations planned in 2015-2016: 4+ Whole Foods Existing Texas locations: Locations planned in 2015-2016: 2+

Continued on page 14

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THE

WESTERN VAULT Your Online Source For Everything Western

About Us

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Join our newsletter for the Latest in Western Fashion, Lifestyle, Events & more.

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E l aine M er ianos | 713 .6 6 1 .6 3 4 9 | e la i n e @th e we ste r nvau l t. com

Continued from page 12

REDNews

leaves little time for research, but Smith says that’s an integral part of his company’s location search.

“Two major components of our site selection methodology are retail synergy - what draws potential clients to the area/shopping center - and psychographics - a detailed analysis of who our clients are and where they live,” details Smith.

Just as Sport Clips focuses on giving customers an experience, so does Top Golf. The entertainment complex bills itself as a place where “the competition of sport meets your favorite local hangout.”

“You can challenge your friends and family to addictive point-scoring golf games that anyone from the hopeful pro golfer to your neighbor’s 7-year-old kid can play year-round,” explains Zach Shor, the company’s vice president of real estate. “Just picture a 240­ -yard outfield with dartboard­ -like targets in the ground. The closer to the center or “bull’s ­ eye” you get and the farther out you hit your microchipped balls, the more points you receive.”

Top Golf currently has eight locations throughout Texas, including three in Dallas and two in Houston (with another under construction).

The complexes are massive, typically spanning 12 to 14 acres.

While Shor says the company does have expansion plans in 20152016, it’s “nothing I can announce.” He adds that Top Golf looks for property in urban areas with at least 1,000,000 people within

14 | REDNews.com

a 35-minute drive.

Because Top Golf markets itself as a destination, the pool from which it draws customers can be larger. Dollar General, on the other hand, knows its customers bank on convenience.

“We generally serve customers within a 3- to 5-mile radius,” says Crystal Ghassemi, of corporate communications for Dollar General. “We also take demographic trends, competitive factors and traffic patterns into consideration.”

Ghassemi notes that the retailer also tailors its methodology depending on whether it’s targeting rural, suburban or metropolitan areas.

Dollar General won’t reveal how many new stores it will open either, only saying that “Texas represents a large amount of our 11,800 store footprint with nearly 1,250 stores in the state alone as of today.”

The retailers who agreed to participate in this article are but a sampling of the companies that call the Lone Star State home, but they demonstrate that demand for commercial real estate of all sizes and shapes is greater than ever. The saying goes “Everything is bigger in Texas” -- and it’s clear retailers of all kinds are adopting that philosophy.

2 PRIME LOCATIONS - FOR SALE

REDNews

±40 Ac Angleton, TX Development Site

Land: FOR SALE +/- 40 Acres in Angleton, Texas Located: SH 35 @ SH 288 SE Quadrant Frontage: SH 35 +/-563 w/4 Curb Cuts Depth: +/- 3059 Utilities: Available thru City of Angleton, located NE corner of site NEW Local development growth 2014 year to date: 30 acre 288 Industrial Park, Loves Travel Center, 12 acre Industrial Park, Stripes Convenience store, Kubota tractor dealership, 2 New subdivisions 54 lots & 60 lots custom homes, Wendy’s Restaurant, Dollar General, Family Dollar, retail center.

Please call to request marketing info.

35

SITE

2700 ACRES/5500 NEW HOMES JUST NORTH OF SUBJECT SITE

35

(HWY 6 & HWY 288)

MOTIVATED SELLERS!

Woodlands Submarket

+/- 2.98 ACRES, SH 242 @ EDITH LANE CONROE, MONTGOMERY COUNTY, TEXAS

Land: FOR SALE +/- 2.98 Acres in Conroe, Texas Located: SH 242 SS & E of Lexington Dr. Frontage: SH 242 +/- 317 w/2 Curb Cuts Depth: +/-338 WS Access: 60' ROW Smith/Edith Road Utilities: MCMUD 15 NEW Local development growth 2014 year to date: 2 Retail Centers, 3 residential developments, Methodist Hospital, Texas Childrens Hospital, Costco, CVS Pharmacy, Mercedes Benz Dealership, TXDOT improvements: SH 242 Flyover @ I-45 under construction Please call to request marketing info.

242

SITE

242

Lexington Dr. Edith Ln.

MOTIVATED SELLER!

C ORTINAS C OMMERCIAL R EAL E S TATE

JULIAN R. CORTINAS | 832-206-7501 | jrctxre@gmail.com REDNews.com DATA HEREIN HAS NOT BEEN VERIFIED/GUARANTEED BY SELLERS

| 15

OR THERE AGENT CORTINAS COMMERCIAL REAL ESTATE, BUYER MUST VERIFY ALL INFORMATION AND BEARS ALL COST INVOLVED. PRICE AND AVAILABILITY ARE SUBJECT TO CHANGE WITHOUT FURTHER NOTICE.

LEVCOR, INC.

REDNews

RETAIL SHOPPING CENTERS THROUGHOUT TEXAS

Sherman Waco

El Paso

Houston Del Rio Eagle Pass Laredo Pharr

LEASING INFORMATION Dan Smith 713.268-3716 dsmith@levcor.com

16 | REDNews.com

1001 West Loop South, Suite 600 Houston, TX 77027 www.levcor.com

REDNews

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Greenberg & Company Commercial Real Estate Brokerage Firm

Great Locations - Major Thoroughfare - High Visibility 12602 Westheimer, Houston, TX 77077 Prime Hard Corner - Ample Parking Major Intersection @ Dairy Ashford Space Available 1,535 SF - 4,657 SF

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Great Exposure Along Southwest Frwy Great Visibility - Great Signage SpaceATASCOCITA Available

Contact: Ray Hankamer

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7330 Southwest Frwy. Houston, TX 77074 Primary Thoroughfare - Great Signage Great Exposure Along Southwest Freeway Space Available 1,360 SF - 3,810 SF

To see our inventory please visit our website: www.greenbergcompany.com Contact Broker: David Greenberg - David@greenbergcompany.com Phone: 713-778-0900 Fax: 713-782-7445 5959 Richmond Ave., Houston TX 77057

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REDNews

Continued from page 18

LEVCOR, INC.

PHARR TOWN CENTER NOW OPEN

NOW LEASING PHASE II Dan Smith 713.268-3716 dsmith@levcor.com

www.Levcor.com 20 | REDNews.com

Pharr

ASHFORD VILLAGE

H o u s t o n , tX

BAYWAY VILLAGE

Webster, tX

2015 Remodel Complete

• Two 2nd gen restaurant spaces available • 5,425 sf and 4,932 sf • High day time populations and high traffic counts • Up to 20,000 sf end cap available and can be subdivided

BENDER SQUARE

H u m b l e , tX

• 36,500 sf pad site available for ground lease • 3,600 sf available (former Radio Shack) facing Hwy 59

NORTHLAND CENTER

s p r i n g , tX

• 7,895 sf space available next to NEW Paul Mitchell School of Hair

DEERBROOK CROSSING

Humble, tX

• 10,500, 13,576 and 18,000 sf jr box spaces available adjacent new Nation Discounters

WOODCREEK CENTER

b ay t o W n , t X

George W. Harsh gwharsh@swbell.net David Z. Mafridge Interests 9219 Katy Freeway, Suite 291 Houston, TX 77024

• 20,000 sf build to suit next to the NEW 72,000 sf Academy opening in June 2015 • 10,000 sf jr box available to open with the new Academy

713.468.5005 • Up to (18,600 sf) 10,488 sf and 8,112 sf jr box’s available with National Discounters as co-tenants

REDNews

San Antonio, TX

Headquarters Available

HEADQUARTERS Available

•N OW LEASING 150,000 SF OFFICE BUILDING/GARAGE I-10 FRONTAGE • NOW LEASING RETAIL CENTERS • VANCE JACKSON/UTSA • 1604 / VANCE JACKSON • FOR SALE – • 1-30 ACRE SITES FOR MEDICAL/OFFICE/RETAIL

2 | REDNews.com ing 2this property is from sources deemed reliable; however, Drake Commercial Group make

REDNews

g

Deborah Bauer | Travis Bauer 19310 Stone Oak Parkway Suite 201 210.402.6363 | www.drakecommercial.com San Antonio, TX 78258 www.drakecommercial.com

56.69 ACRES

Located on Alamo Ranch Pkwy, San Antonio, TX Will Subdivide

Alamo Ranch Parkway

20Âą COMMERCIAL ACRES Highway 281 North & Marshall Rd San Antonio, Texas

All information regarding this property is from sources deemed reliable; however, Drake Commercial Group makes no warranties or representations as to the accuracy of the sources of information. This information is submitted subject to errors, omissions, change of price, rental or other conditions, prior sales or lease or withdrawal from market without notice.

REDNews.com | 23

REDNews

Investment/Leasing Opportunities FOR LEASE

FOR SALE OR LEASE

Plantation Village Shopping Center 401-443 THIS WAY ST Lake Jackson, Texas 77566 • • • • • • • • •

Size: 57,167 GLA Pad Site: ±37,500 SF for Ground Lease Available Acreage: 5.0 Acres Parking: 242 Spaces: 4.23/1,000 GLA Available Lease Space: 900 - 18,000 SF Lease Rate: $18.00 - $21.00/SF/YR NNN NNN Charges: $5.04/SF/YR Lease Term: 3 - 5 Years Adjacent to Dow Chemicals’ new corporate campus

CHRISTOPHER D. WINTERS Principal | Director D +1 713 830 2106 chris.winters@colliers.com

Bellfort Retail Center 11422 SOUTHWEST FREEWAY Houston, Texas 77031 • • • • • • • • • •

FOR

New Sale Price: $2,480,000 NOI: $198,646 (2015 Pro-forma) Cap Rate: 8% Occupancy: 67.2% Lease Rate: Suite 500 - $18.00/SF/YR NNN Suite 700 - $21.00/SF/YR NNN NNN Charges: $8.10/SF/YR GLA: 11,242 SF Land Area: 1.16 Acres Year Built: 2006 Vacant spaces are in excellent condition and ready to lease

SALE

OR

SERVICES PROVIDED: Acquisitions Investment Sales Leasing REO Dispositions Asset Management

www.colliers.com/texas

LEASE

6 AC F ENCED N EAR E XXON M OBIL C AMPUS 22411 @ I-45 North @ Spring Stuebner Rd., Spring, TX 77388

Building Size:

26,000±/sf (130’x200’) metal warehouse building w/ showroom, and 4 grade level overhead doors.

Eave ht. 14.5’, Peak ht. 17.5’, Eave ht. 10.5’.

936- 53 9 -5 6 0 0 24 | REDNews.com

Land Size:

6±acres (261,360±/sf) Fenced

Three storage sheds: 48’x100’, 50’x150’ & 30’x220’ Sales Price:

$6,000,000 OBO / Lease: $15,000/mo + NNN

or 8 1 7 -8 3 2 -1 8 3 2

FALLLAND CREEKFO COMMERCIAL

UP TO ±50.62 ACRES/OWNERS WILL SUBDIVIDE N A S A P A R K W AY & W A T E R S T R E E T

C o m m e r ci a l Re s erv es A v ailable

N SAM HOUSTON PKY E, HUMBLE, TX

• Edgewater a +/- 538 acre mixed-used redevelopment project by Johnson Development

• Over 2,000 feet of frontage on the Beltway

• Located along Nasa Rd 1 and the newly constructed NASA Parkway Bypass in Webster, TX.

• Excellent visibility

• MUD formed & utility infrastructure in place • No detention required

D

• Ready for development

E

• 10 minutes to IAH; 20 minutes to the Port of Houston & I-10; 15 minutes or less to I-45 & Hwy 59 • 5 minutes away from Generation Park, Houston’s largest new commercial development.

• Home to more than 350 single family & luxury multi-family homes.

• Close to major retailers and medical facilities

D: 29.16 Acres

D: HOUSTON 29.16 AC SEC N. SAM PKWY & BELLOWS FALLS LANE SEC N. SAM HOUSTON PKWY & BELLOWS FALLS LANE

• No Detention Required

E: Pad Available E:Sites 12.84 Acres from 1-12 AC SIDEN.N.SAM SAM HOUSTON PKWY S.S.SIDE HOUSTON PKWY

Population

(2014 Est.) 4,271 75,921 196,380

PRIME ACREAGE

1 Mile Radius: 3 Mile Radius: 5 Mile Radius:

Average HHI:

288 AND ALMEDA GENOA

(2014 Est.) 72,132 77,663 97,396

1 Mile Radius: 3 Mile Radius: 5 Mile Radius:

Close to TrafficMedical Counts: Texas (W NASA RD 1 & HWY 3) CarsCenter per Day: • • • • •

Close to Texas Medical Center Very usable configuration In the path of growth Ready for development Close to Beltway 8 and Pearland Town Center • Approximately 2,000 ft of Freeway Frontage • Part of City Park, a new master planned development 

37,000

rt rope ure P ES! t a e F CR 42 A

Fall Creek, a 2300 acre community which is the only major master-planned golf course community within Beltway 8 (Sam Houston Parkway). Home to The Golf Club of Houston (formerly Redstone Golf Club), location of Shell Houston Open.

Quinlan Ranch 286.6 AC FOR SALE

Meredith Cullen • mtcullen@cullenrealtygroup.com • 713.444.7979 Jason Shaw• jshaw@cullenrealtygroup.com • 281.546.9237

• This property is a 286.6 acre tract • In Hunt County on the western side of the city of Quinlan, Texas • Over 4000 feet of frontage on Hwy 276. Prime property for development or buy and hold investment • In the path of growth • Fantastic duck hunting • $5,000 an acre • Gross Sale $1,433,000

y

53 MILES TO DALLAS, TX

Edgewater Master Planned Community | We 20 MILES TO ROCKWALL, TX

Edgewater is the Bay Area’s newest mixed-use, master-planned com Pkwy and the newly constructed NASA Pkwy Bypass in Webster, Te

 Edgewater is a 530 acre mixed-use redevelopment project that inclu

Cullen Realty Marine Team of premium commercial real estate.

Meredith Cullen, USMC veteran

 This waterfront community private canals with a newly Cullen Realty Group will be at ICSC RECon Laswill feature Jason Shaw, USMC veteran and Purple Heart recipient Vegas; schedule a meeting with us ahead of time! acres of nature preserves.

Meredith Cullen • mtcullen@cullenrealtygroup.com • 713.444.7979 Jason Shaw • jshaw@cullenrealtygroup.com • 281.546.9237

REDNews

26 | REDNews.com

GREAT RETAIL LOCATIONS

REDNews

FRY ROAD

NORTHVILLE PLAZA

Fry Road & Clay

I-45 N @ West Road

• New Development Coming Soon!

• Pad Site Available

• Construction Complete

BEECHNUT TIENDES

NEW

CON

STRU

DAIRY ASHFORD CENTER

CTIO

N

SEC Beechnut & Beltway 8

Between I-10 & Memorial Dr.

• High Hispanic Density • Spaces left are 2,000 & 3,000 SF

• 3700 SF Available • Redeveloped November 2014 • Strong Daytime Population & Income • Across from Stratford HS • 869 Dairy Ashford & Kimberly Lane

REDNews.com | 27 Contact: Danny Kuperman | 713.439.0101 | 713.439.0002 | dkupe2000@yahoo.com | www.americanrealtyhouston.com

REDNews

28 | REDNews.com

REDNews

BUZZ

STATE OF THE MARKET ROUNDTABLE REDNews BY: RAY HANKAMER

REALSHARE/HOUSTON CONFERENCE

Speakers and moderators: Steve Pumper, Transwestern; Pam Boneham, Cornerstone; Brad Davey, Clarion Partners; Ron Miller, Invesco; Bruce Petersen, USAA; Brad Simpkins, TIAA-CREF; Rhett Miller, VTS, Inc.; Walker Barnett, Colliers; David Boyd, Boyd Commercial; Jordan Frisby, Port of Houston Authority; David Hudson, Duke Realty; Curtis Spencer, IMS Worldwide; Richard Campo, Camden Property Trust (Keynote Speaker); Derek Hargrove, Marcus & Millichap; Jeremy Garner, Trammell Crow; Paul Layne, Howard Hughes; Ryan McCord, McCord Development; Michael Wyatt, CORE Real Estate; Sandy Benak, Granite Properties; Laurie Baker, Camden Property Trust; Louis Cushman, Cushman & Wakefield; Kerry French, NorthMarq Capital; Patrick Jankowski, Greater Houston Partnership; Kevin Roberts, Transwestern; Clark Thompson,Colvill Office Properties.

Retail: •R etail sales are increasing as home building plays catch-up and job growth continues; many brick and mortar stores stock a fraction of their product lines and take online orders at the store for home delivery from central distribution centers…think Restoration Hardware •H ouston’s strong income and population growth attract national retailers who are just recovering from the slump nationwide; low- and high-end retail both doing well here •O n the transaction side, it is very difficult to acquire retail centers in this strengthening market, and with land prices high, it is hard to find suitable sites for development; a lot of developers and investors are trying to get into Houston retail • T he grocery chains which anchor so many centers are beginning to see the wisdom in owning their centers • WalMart started seeing sales increase as gasoline prices fell Multi-Family: • I n 2014, 68 communities opened with 19,000 units; in 2015, 87 will open with 19,500 units; rates were up 8% in 2014, after 20 consecutive quarters of upward movement; we are absorbing 15-16,000 units per year; 52 multi-family projects have been put on hold or canceled • T here will be softness in multi-family and the question is for how long?

Existing tenants will ask for concessions being given to new tenants when renewal time rolls around, and that happens every 6-12 months; existing tenants are smart •W e probably have 6-9 months before we can assess the impact on multi-family and industrial rates • T he inner loop / core infill will recover first •Y oung professionals cannot afford a home, and do not really want to rent, but developers have made today’s multi-family so “fun” and amenity-packed that they attract renters •B y all measures job growth will continue here, but just at a slower rate; long term, Houston is a super “bet” for developers and investors

Fears of Panelists: • Too-stringent government regulation on oil industry • Higher taxes on tenants and buildings • Rising interest rates (lower level of worry here) • Cyber-attacks on infrastructure • Unexpected geo-political events • Higher labor and material rates for construction • Unable to find talented people • Too much capital competing for deals drives up prices •N ational press is giving poorly researched negative image of Houston based only on oil prices, while fundamentals in other areas of our economy remain off the charts positive General: • Investors are still chasing good investment grade real estate; worldwide, 427 funds are raising $481 billion for real estate investment; today’s capital is much more long-term / less volatile, and less likely to panic as it did in the ‘80s •B eltway 8 is the new 610, and it is getting hard to find land on it, hence the expansion of development to the Grand Parkway •H ouston is the number one manufacturing city in the country, whereas Dallas’ economy is based more on on warehouses for distribution •W e must improve Houston’s amenities and transportation infrastructure to a world-class city level so we do not choke on our own success • T he Super Bowl is coming in 2017 and will focus the eyes of the world on Houston - huge efforts are underway to make sure it will be a positive impression •C BD has 1,800 hotel rooms now but will have 8.000 in time for the Super Bowl…this capacity will make Houston a much more attractive convention city as well; the CBD will be transformed by the time of this big event • Ongoing

shortage of lots plagues homebuilders, which also slows retail development •S ince Houston has no zoning, it often happens that developers in different commercial real estate segments compete for the same site The above information is a partial recap from the speakers at the event. For information about the industrial and office market, please log on to: http://www.rednews. com/category/news-market-reports/ REDNews.com | 29

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C A N C A L E N D A R

A N N O U N C E

W H AT ’ S HAPPENING i n C R E Te x a s

The following pages contain a calendar of Texas CRE events, networking photos and deals/announcements.

For more of the above, log on to REDNews.com. We update CRE news and events daily!

N E T W O R K

CENTRAL/SOUTH TEXAS

May

2015 Sunday

Monday

Tuesday

Wednesday

Thursday

Friday

Saturday 1

2

RECSA Capital Markets Outlook 7:30am-9:00am

3

4

5

6

11

12

13

18 ICSC RECon Las Vegas CBA Austin 2015 Power Luncheon 11:30am-1:00pm

ICSC RECon Las Vegas

24

25

14 CBA Austin Past Presidents Happy Hour 5:00pm-7:00pm

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

17

19

ICSC RECon Las Vegas

8

9

15

16

IREM San Antonio Board & Committee Chair Luncheon 11:30am-1:00pm CTCAR Property Info Exchange 7:30am-9:00am

IREM Austin Board & Committee Chair Luncheon 11:30am-1:00pm

10

7

RECSA 2015 Sporting Clay Shoot 12:30pm-6pm

20

21

22

23

27

28

29

30

ICSC RECon Las Vegas

26

ULI Austin May Breakfast at The Headliners Club 7:30am-9:00am

31

FOR MORE INFORMATION VISIT REDNEWS.COM

NETWORKING CREW Austin UCREW Program

1. Yvonne Heerema (CREW 2015 President), Rebekah Palmer, Leena Vazirani, Megan Taylor; Shelly Rosales (CREW 2015 Director) and Anita Dabney (UCREW Chair) 2. Alexus Christian, Kirstin Hayes, Leena Vazirani, Yvonne Heerema (CREW 2015 President), Rebekah Palmer, Megan Taylor, Leslie Olsovsky, and Victoria Lash

CREW San Antonio April Forum

1. Attendees at the 2015 CREW San Antonio Forum 2. Carrie Caesar, CREW President 3. Millennials networking with all the attendees at the successful event

CTCAR March Luncheon

1. Brian Pitman, Independence Title, Austin Mayor Steve Adler, Gail Whitfield, CCIM, The Whitfield Co, Dale Glover, Rainey Ventures 2. Rob Wendt of Centric Commercial & Bill Oates, CCIM of Captex Commercial receive TREPAC Awards 3. Jerry Seay & DeLea Becker of KW Commercial and Michael Buls of iCore Global receive TREPAC Awards

RECA Mayoral Town Hall 1. RECA’s Mayoral Town Hall event was well attended as they hosted an event featuring Austin Mayor Steve Adler 2. Austin Mayor Steve Adler shared his insights on the city’s direction at the unique, town-hall style event

FOR MORE EVENT PHOTOS VISIT http://www.REDNews.com/category/networking-photos/

May

2015 Sunday

Monday

3

Tuesday

4

Wednesday

5

6

NORTH TEXAS

NTCAR Hall of Fame 6:00am-9:00pm BOMA Fort Worth Monthly Luncheon at Petroleum Club 11:30am-1:00pm

10

11

Thursday

Friday

Saturday 1

2

8

9

15

16

7

BOMA Fort Worth Annual Golf Tournament at Texas Star Starts at 10:00am

12

13

14

BOMA Dallas BOMI Course: Ethics is Good Business 9:00am-4:00pm

18

17

ICSC RECon Las Vegas

24

25

21

22

23

28

29

30

ICSC RECon Las Vegas CREW Dallas Monthly Meeting at Park City Club 11:30am-1:00pm

ICSC RECon Las Vegas

ICSC RECon Las Vegas

20

19

26

27 BOMA Fort Worth Board of Directors Meeting 12:00pm-1:00pm

BOMA Dallas Principal Member Plus One Event 6:00pm-9:00pm

31

FOR MORE INFORMATION VISIT REDNEWS.COM 2014 Sponsorship Packages now available!

Is your company looking for exposure and recognition in the commercial real estate industry?

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commercial real estate women

NETWORKING CREW Dallas March Meeting

1. Vince Hess, Locke Lord; Tara Flume, Locke Lord; Karla Smith, CBRE/UCR; Sharon Herrin, Herrin Commercial Real Estate; Vicky Gunning, Locke Lord; Jean Smith, CBRE/UCR 2. Sally Longroy, CREW Dallas president and guest speaker Karla Smith, CBRE/UCR

North Texas CCIM March Luncheon

1. David Jackson, The Jackson Company, Mike Shillingburg , Wells Fargo, Debbie Carter, Hudson Peters, Jim Hancock, Sperry Van Ness 2. Jon Redman, Wingert Real Estate and Trapper Graff, Transwestern 3. Brett Glenn, Blackshare Environmental, Gregory Cook, Integra Realty Resources, Matt Browne, Integra Realty Resources

The Greater Fort Worth Association of REALTORS Business After Hours Event

1. Moses Druxman, Megan Kendrick, Melanie Dotzour and Walker Lutringer 2. Patti Lyerla, Lauren Pulido and Alex Kramer

TREC Dallas FightNight XXVII 1. Kara Kinsey, Brian Smith, Chad Schieber, Kitty Henry 2. Jeff Hendricks, Kate Cavanaugh, Evan Beattie 3. Chad Schieber, Hal Matthews, Pat McMahon

FOR MORE EVENT PHOTOS VISIT http://www.REDNews.com/category/networking-photos/

SOUTHEAST TEXAS

May

2015 Sunday

Monday

3

Tuesday

Wednesday

4

Thursday

Friday

Saturday 1

2

5

6

7

8

9

12

13

14

15

16

21

22

23

CREW Houston May Luncheon 11:30am-1:00pm

10

11

ACRP Breakfast at Houston Country Club 7:00am-8:30am BAUER College of Business Regional Forecasting 11:00am-2:00pm

18

17

ICSC RECon Las Vegas

ICSC RECon Las Vegas

ICSC RECon Las Vegas

24

19

25

ULI Spring Meeting 8:00am-7:30pm IREM Houston May Luncheon 11:30am-1:00pm

ULI Spring Meeting 8:00am-7:30pm

20

ICSC RECon Las Vegas O’Connor & Associates Land Forecast Luncheon at H.E.S.S. Club 11:30am-1:00pm AAREA May Luncheon 11:30am-1:00pm IREM Houston Real Estate 101: People Management 9:00am-11:30am

26

Houston BOM EXPO at NRG Center One NRG Park 2:00pm-7:00pm

27

28

Your real estate de

Count on a CPM® professio 29

CPM® To find a CPM® in your area, visit www.irem-dallas.org

31

FOR MORE INFORMATION VISIT Networking

Educat ion

Technology

CCIM Course Scholarships

30

For o turn

A CP z De z Ple REDNEWS.COM z sta Pro

NETWORKING CREN Houston April Luncheon

1. CREN members and guest with speaker Sam Malone, 512 New Media Production Company and AM 1070 The Answer 2. Mark Rafail, Rafail Insurance and Sam Malone

IREM Houston April Luncheon

O’Conner & Associates Retail Luncheon

RealShare Houston March 2015

1. IREM Houston President Kristine Fox, CPM, Stream Realty, Guest Speaker Jennifer Boubel, Monica Keels, Chamberlin Roofing & Waterproofing and Laura Krupowicz, CPM, Brookfield 2. IREM brings together new and seasoned industry practitioners at every event. (left to right) Blaire Moreland, Stream Realty, Philip Schneidau, CPM, BMS Management and Adam Brashier, Modern Pest Control 1. Patrick R. Greene, Wells Fargo, Blake Allen, Read King Commercial Real Estate, David Holland, Kinghorn, Driver, Hough & Co., Iqbal (Ike) Hussain, Shezan, Inc. 2. Zane Segal, Zane Segal Projects 3. David F. Hummel, Coldwell Banker Commercial and Mike Olivares, O’Connor & Associates 1. Laurie Baker (center) speaks during the “State of the Market Roundtable,” with Kerry French (left) and Kevin Roberts (right) 2. Keynote speaker, Richard Campo of Camden Property Trust, addressed more than 250 commercial real estate professionals at RealShare 3. Attendees network over a model of Generation Park at the McCord Development booth

FOR MORE EVENT PHOTOS VISIT http://www.REDNews.com/category/networking-photos/

Central/South Texas

Scott Flack has been named president of Live OakGottesman. He will head up

Austin/San Antonia Areas

a new leadership team which includes Mike Joyce as COO, Rhonda Jaquez as Property Management Director, and Doug Thomas as Property Leasing Director.

Carter Bailey

ANNOUNCEMENTS

William J. Papp

Scott Flack, Mike Joyce, Rhonda Jaquez, Doug Thomas

REDNews

The PPA Group has formed a private equity company called Casoro Capital. William J. Papp is the managing director and the company will focus on Texas multifamily properties.

Carter Bailey, formerly with Retail Solutions, has launched

Vertique Development Company. His new company

is developing a Cedar Park retail center in conjunction with Phoenix-based Phoenix Children’s Academy.

DEALS H

O

T

E

L

Austin, TX: (SALE) Sage Hospitality of Denver in partnership with AEW Capital Management purchased the DoubleTree by

Hilton Hotel located at 6505 N. I35. The seller was not disclosed.

I

N

D

U

S

T

R

I

A

L

Austin, TX: (LEASE) American Cancer Society leased 21,600

SF at Stonelake Building 6, 11000 N. MoPac Expressway.

Brian Liverman and Matt Frizzell with Peloton Commercial Real Estate represented the landlord and Zane Cole and Liz Tucker with JLL represented the tenant.

(SALE ) Tin, Inc sold the 107,000 SF building located at 3323 E. Commerce Street to Sunshine Industries. The seller was represented by Don Kuyrkendall of Kuyrkendall & Company and the buyer was represented

by Charles Jeffers of DH Realty Partners Inc. San Antonio, TX:

L

A

N

D

Cedar Park, TX: (SALE) Brentwood, Tennessee-based GBT Realty Corp purchased 1.43 acres at US 183 & Lakeline Mall Drive from Regions Bank. Fraser Schaufele III of GBT

indicated that a 10,000 SF retail center will be built and is 100% pre-leased.

sale.

Austin, TX: (SALE) Bluerock Residential Growth REIT Inc of New York purchased the Fox Hill Apartments at

8800 US Highway 290 for $38.15 million.

O F F I C E / M E D I C A L

San Antonio, TX: (CONSTRUCTION) Live Oak LLC plans to start construction in July on a sev-

en-story office building at 4458 Medical Drive in a quadrant shared by Methodist Hospital.

Austin, TX: (LEASE) Austin Institute of Plastic Surgery

leased 8,158 SF at The Hills Professional Building III at 4701 Bee Caves Road. Jason Steinberg and Matt Levin with ECR represented the landlord and Bill Gump with Tower Commercial represented the tenant.

Austin, TX: (SALE) Apple Inc has purchased Riata Crossing North, a four-building complex located on Riata Vista Circle in northwest Austin. The seller was San Francisco-based Spear Street Capital. The 350,000 project is across the street from where Apple is building a 1-million SF development called Americas Operations Center.

Leander, TX: (SALE) Bruce Nakfoor, an active local real

estate developer, purchased 18.3 acres at the corner of Old FM 2243 West & North Bagdad Road. A mixed-use retail and multi-family development is planned for the property. Ernest Brown, CCIM of Kennedy Wilson represented the seller.

San Antonio, TX: (SALE) Robert Schumacher bought 114 acres on UTSA Blvd along I10. The property was purchased for $20.3 million in a bankruptcy auction.

M U L T I - F A M I L Y Austin, TX: (CONSTRUCTION) A 58-Story , 370-Unit resi-

dential tower called The Independent is planned for the NEC of West 3rd Street & West Avenue. The project is being built by Constructive Venture in partnership with Aspen Heights, according to Greg Henry, founder and CEO of Aspen Heights.

San Antonio, TX: (CONSTRUTION) Dallas-based real estate firm Alamo Manhattan will begin construction in June

of a 191-unit luxury apartment development at 111 W. Jones Avenue with completion planned April 2017.

Austin, TX: (SALE) Los Angeles-based InterGroup Corp., Berkadia sold Capitol Village Apartments to a San Franciscobased private investor. The project includes 249 units and is located at 6855 East Highway 290. Senior VP George Deuillet III and VP Forrest Bass of Berkadia negotiated the

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(LEASE) Charles Schwab Corp has opened a retail location at 501 Congress Avenue. The company moved from the second floor at 100 Congress in order to gain ground floor visibility. Stream Realty Partners remodeled the obsolete Bank of America annex in order to accommodate the new tenant.

Austin, TX:

Austin, TX: (SALE) Denver –based Baceline Investments LLC purchased Dakota Plaza from Englewood, Coloradobased Western Dakota LLC., according to David Puchi,

managing partner of Baceline Investments. The center includes 21,700 SF and is located at 8516 Anderson Mill Road.

San Antonio, TX: (SALE) Whitestone REIT bought City View Village, located near I10 & Huebner Road, for $6.3 million. Whitestone owns the center across the street as well as Windsor Park Centre at I35 & Walzem Road.

San Antonio, TX: (SALE) A private investor sold the 8,480 SF Jones Maltsberger Plaza Center, located at 1282012914 Jones Maltsberger Road to an individual/person trust. Philip Levy, senior director of Marcus & Millichap represented the buyer and the seller.

For more deals go to: www.REDNews.com/category/deals-and-announcements/

SRS Real Estate

Arlington-based Coldwell

Partners has hired Woody McMinn as Alliance has opened a the new president for its Fort Worth office. Theron Bryant, a principal North American business.

McMinn was previously at Coldwell Banker the COO of DallasCommercial Alliance DFW based UCR which was will lead the new office. acquired earlier this year

by CBRE.

Dallas/Ft. Worth Areas

Banker Commercial

Mike Silverman

Jennifer Pierson

North Texas

Rowan Burch

Theron Bryant

ANNOUNCEMENTS

Woody McMinn

REDNews

Jennifer Pierson Mike Silverman is the has launched Pierson chief investment officer with Crow Holdings Retail Advisors after Marcus & Millichap, has 21 years with CBRE. She Capital-Investment named Rowan Burch will continue to focus on Partners Argo is led Institutional Property Advisors (IPA), a division of

an associate after a term retail investment sales and with the company’s agent is joined in her company mentoring and training by Beth Pierson and program.

Debora Haught.

by its founding partner

Jason Zibarras and Larry Kohn.

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Fort Worth, TX: (CONSTRUCTION) Ridge Development in a joint venture with LaSalle Investment Management

will construct a two- building, dual-rail served 642,000 SF industrial complex within the Railhead Industrial Park at the SEC Hwy 287 and E. Industrial Road. Trey Fricke and Reid Bassinger of Lee & Associates will handle leasing for the new development.

the two buildings at 5000 Riverside. Matt Heidelbaugh and Cribb Altman of Cushman & Wakefield of Texas represented the tenant and Trey Smith and Johnny Johnson of DTZ represented the landlord, Brookfield Property Partners.

Dallas, TX:

(SALE) Colliers International represented

ANA Properties 4600 Greenville Building LTD., in the

Dallas, TX: (LEASE) Billingsley Company has leased 100,000 SF in the Mercer Business Park at the NWC of LBJ and Stemmons Freeway to IMC by The Stone Collection.

Ward Richmond and Bill Buntyn of Colliers International represented the tenant.

sale of 4600 Greenville Avenue to Dallas Production. The building is three-stories with 56,174 SF. Lizzy Blake and Jack Minter of Colliers International represented the seller.

El Paso, TX: (SALE) New York-based Sullivan Crosby Trust sold a four-building, 245,745 SF industrial portfolio to Phoenix, Arizona-based ViaWest Group. Christian Perez Giese, William Caparis, Anthony Mash and Arturo De la Mora with CBRE represented the seller.

of Ricchi Dallas Investments has purchased the five – story, 154,785 SF building at 1300 W. Mockingbird Lane and the 250,000 SF building at 8700 Stemmons Freeway.

Creighton Stark & Jack Miller of Colliers International represented the 8700 Stemmons Freeway building seller, Spire Realty Partners. Scott Farber of Cushman & Wakefield of Texas, represented the seller for 1300 W. Mockingbird Lane, an affiliate of Jamison Properties, Inc.

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Dallas, TX: (SALE) Dallas based Lone Star Real Estate Fund III has entered into an off-market agreement with U.K.-based Moorfield Real Estate Fund (MREF) and Moorfield Real Estate Fund II (MREFII) to purchase a $1.5 billion (1 million

pound) diversified real estate investment portfolio. Asset details are to be announced at a later time.

M A S T E R - P L A N N E D Denton, TX: (SALE) Wheelock Street Capital sold Canyon

Falls , a $1 billion Denton County master-planned community as well as three others in Texas and Colorado to North American Sekisui House LLC, a US business unit and subsidiary of Japan-based Sekisui Houston Ltd.

Dallas, TX: (SALE) Dallas developer Leobardo Trevino

Fort Worth, TX:

(SALE)

Transwestern Investment

Group (TIG), on behalf of Diversified International Partners

of Rockville, Md purchased a 122,8834 SF building located at 550 Bailey. Gary Carr, John Alvarado, Eric Mackey and Robert Hill of CBRE Dallas represented the seller, a joint venture comprised of Goff Capital Partners and Crescent Real Estate Equities.

R E S I D E N T I A L Denton, TX: (CONSTRUCTION) Carrollton-based Centurion

M U L T I - F A M I L Y Dallas, TX: (SALE) Advenir Inc, an Aventura, Florida-based company purchased Advenir Frankford, formerly known as Frankford Springs, from Sequoia Equities. The 332-unit project is located at 3702 Frankford Road. Braden Harmon and Hank Glasgow of Berkeley Point secured the funding for the off-market transaction.

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Irving, TX: (LEASE) GE Capital has signed a lease for 139,323

SF at Riverside Commons. GE Capital, the financial services division of General Electric will consolidate its operations in

American Development plans to build a new 1800 home

project between Prosper and Celina called Sutton Fields.

The property totals 500 acres.

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Colleyville, TX: (SALE) Kite Realty Group Trust, a REIT

headquartered in Indianapolis, purchased Colleyville Downs, a 201,000 SF retail center on Colleville Blvd. The center is anchored by Petco, Ace Hardware and Whole Foods.

For more deals go to: www.REDNews.com/category/deals-and-announcements/

REDNews.com | 39

REDNews

Southeast Texas

Andy Hoyns

Sydney Hicks

ANNOUNCEMENTS

Sydney Hicks and Andy Hoyns have joined Hicks Ventures as

Houston Area

vice presidents and senior/ property managers. Hoyns was formerly with Parkway and Hicks was formerly with Midway.

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(CONSTRUCTION) Cresa Partners LLC is constructing a 500,000 SF industrial park on 32 acres off SH 288 called Lower Kirby District. The initial phase will include a 181,000 SF building fronting Kirby Drive and Airport Blvd and will break ground in the 3rdQ. Houston, TX:

Houston, TX: (CONSTRUCTION) Levey Group will develop a 546,275 sf industrial park called 5 Corners Business Center on Beltway 8 between US 59 & SH 288. David Embro with Levey Group said the company plans to complete the project within a year.

Houston,TX: (CONSTRUCTION) The Dallas office of New York-based KTR Capital Partners is constructing an 86,608 SF light industrial facility at I45 & Airtex Blvd. Mace McClatchy, a vice president with KTR indicated that the first building will be completed 4Q2015 with two more to follow.

Missouri City, TX: (CONSTRUCTION) Trammell Crow Company and Artis REIT have purchased 127 acres at the

southern corner of US 90A & Beltway 8 for construction of a +/- 1.7 million SF business park. The first phase of Park 8Ninety will consist of three buildings totaling more than 330,000 SF. Ellis Management, represented by Barney Van Huss, sold 75 acres and a local investment group represented

by Ron Dagley with The Betz Cos sold 52 adjacent acres.

Houston, TX: (LEASE) Nuera Transport leased 14,000 SF at 4555 Brittmoore Road. Jake Wilkinson of NAI Partners represented the tenant and the landlord, Brittmoore Investments handled negotiations for themselves.

Houston,TX: (SALE) CenterPoint Properties, an industrial real estate firm based in the Chicago suburb of Oak Brook, purchased a 27-building portfolio in Houston which includes 3.6 million SF and brings their total Houston portfolio to 6.2 million SF. Most of the recently acquired properties are located in east Houston.

Stafford, TX: (SALE) OHK LLC purchased a 58,000 SF building at 10905 Cash Road from Satake USA, Inc. Chris Caudill of NAI Partners represented the buyer and Marc Drumwright of Southwest Realty Advisors represented the seller.

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Baytown, TX: (SALE) Lee Jones & Tommy LeBlanc with Avison Young represented CCD Investments in their sale

of 39.53 acres just south of FM 565 along the east side of the Grand Parkway. National Property Holdings was the purchaser in the transaction.

Houston, TX: (SALE) An affiliate of Trammell Crow Residential has purchased a 3.86 acre tract within the Lakes on Post Oak across Hidalgo Street. Davis Adams, Jeff Hollinden and Mark Bramlett with HFF marketed the

property for the seller

Missouri City, TX: (SALE) Cernus Development purchased

156 acres on Lake Olympia Parkway & Fort Bend Parkway from Plains Capital Bank for the construction of a single family residential and commercial/mixed-use development.

Matt

40 | REDNews.com

Herring, James Kadlick and Chris Hutcheson with McAlister Real Estate brokered the transaction.

DEALS

M U L T I - F A M I L Y

Kingwood, TX: (CONSTRUCTION) Spring-based developer Mark-Dana Corp will construct a 327-unit multifamily project along US 59 between North Park Drive & Kingwood Drive. HFF secured the financing for the developer.

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Houston, TX: (LEASE) Dallas-based PlainsCapital Bank,

the banking subsidiary of Hilltop Holdings Inc. leased 15,000 SF in One Grove Street, the office building located in Upper Kirby’s mixed-use development.

Houston, TX: (LEASE) NAI Partners represented Dr. Zev Munk in leasing 16,896 SF to National Trench Safety located at 260 North Sam Houston Parkway East. Ami Figg with NAI Partners represented the landlord.

Houston, TX: (SALE) Tarantino Properties, Inc sold Northgreen Atrium Building, the 69,106 SF building located at 1300 North Sam Houston Parkway. GVJ Investments, Ltd. purchased the building and Peggy Rougeou with Tarantino Properties represented the seller.

Tarantino Properties will continue to lease and manage the building.

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Houston, TX: (LEASE) Burlington has leased 60,000 SF at Meyer Park at 9751 South Post Oak Road. Rebecca Le and Heather Nguyen of NewQuest Propeties

represented the landlord and Greg Stackhouse of Stack Realty represented the tenant.

Houston,TX: (SALE) A private investor has purchased Shadowbriar Shopping Center, a 16,400 SF center located at 12303 Westheimer. James Bell of Marcus & Milllichap represented the seller and Marc Irvin of Marcus & Millichap represented the buyer.

Houston, TX: (SALE) Zenda Stone Creek U  S has purchased the 97,446-square-foot Stone Creek shopping center on FM 529. Peter Licata of TPC Real Estate represented the seller, The Shoppes at Stone Creek LLC. Greg Lewis, Adam Williams and Braxton Ittner of Lewis Property Co. represented the buyer.

(SALE) Stream Realty Partners purchased the 80,000 SF Four Corners Shopping Center located at SH 288 in Lake Jackson.

Lake Jackson, TX:

Sugar Land, TX: (SALE) Justin Miller, VP Investments and Derek Hargrove, Senior Associate with Marcus & Millichap sold The Crossing at Telfair Commons which is located at 520 Highway 6.

For more deals go to: www.REDNews.com/category/deals-and-announcements/

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A. A. Realty Company ACRP American Realty Group BACREN Berkshire Hathaway Caldwell Companies CCIM Central Texas CCIM Houston CCIM North Texas City of La Porte EDC Colliers International Cortinas Commercial Real Estate C.R.E.A.M. CREN CREW Dallas CREW San Antonio CTCAR Cullen Realty Group Culver/LANDTX Inc. David Z. Mafrige Interests Discovery Consultatns Drake Commercial Group, LLC

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19 19 13 42 32 36 32 16, 20 1-C/SE Texas, 26 41 17 30 11 32 13 41 8, 9 2 7 1-North Texas, 18 13 24 REDNews.com | 41

FOR LEASE

OFFICE/RETAIL SPACE 1. Woodland Park Shopping Center 11380 Westheimer, Houston 77077

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• Shopping center size - 75,620 SF - Built in 1985 • Retail space available (1st floor) - 1,600 SF - 4,000 SF - $13.00/SF + NNN • Aggressive lease terms • Pylon signage available • Traffic counts - 82,880 CPD (Westheimer) • +/- 592’ of frontage on Westheimer • 372 surface parking spaces available

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2. Kaleidoscope

10612-10692 Westheimer, Houston, TX

• 2 blocks west of Beltway 8 • 2,952 SF - 2nd floor • Excellent for retail, office or professional use

3. Park West Plaza

8989 Westheimer, Houston 77063

• 20,000+ SF Available • Up to 6,000+ SF Contiguous Space • Aggressive lease terms - $13.00/SF Gross • Generous surface parking at no charge for open, non-reserved spaces • Card-key controlled access • Pylon signange available • On-site management • Parking ratio - 3.4/1000

Kenneth K.Y. Leung 281.467.3535 713.988.0888 x108

A A Realty Co

eleung8888@aol.com

www.aarealtytx.com A A Realty Co

Accredited Management Organization

Accredited Management Organization

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Beltway 8 West

For more information

3 Westheimer Rd

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Mary Caldwell, CCI M, SIOR

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281.664.6636

713.979.0436

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MCaldwell@CaldwellCos.com

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