REDNews September 2015 - North Texas by RE Journals

September 2015

In this issue:

Booms & Busts Retail 2Q Reports: Austin, Dallas/Fort Worth, Houston, San Antonio Interview with Kelley Parker

YOUR COMMERCIAL REAL ESTATE MARKETING SOURCE

major

retail and commercial development opportunities along interstate 820 in haltom city

Great highway frontage and close proximity to Interstate 35W, downtown Fort Worth and adjacent to residential growth Tax Increment Finance Zone

HALTOM CITY OFFERS

OVER 300 ACRES OF LAND FOR DEVELOPMENT

5024 Broadway Avenue \ Haltom City, Texas 76117 \ 817-222-7723 \ HaltomCityTX.com

Parkside Capital Land Fund 1 PROPOSED MAJOR SFOROUGHFARE

TY UN TY R COCOUN LE WAL BEND RT FO

McMillian McMillian Tract

Jordan Tract

±29.7 acres

±33.1 acres ’ HL

RD. PROPOSED CROSSOVER me

CHURCH

±18.9 acres

LAKE/ DETENTION

TRACT 10

±23.9 acres

±19.6 acres

20.9 Ac.

±6.0 acres

±29.8 acres

LAKE/ DETENTION

w w w. b a y 1 0 . c o m

±9.2 acres

±13.4 acres

COM

±13.0 acres

±29.1 acres

LAKE/ DETENTION

±28.9 acres

±12.4 acres

9 ±8.1 acres

±12.4 acres

COM

±16.2 acres

2008

eli

s Pip

e Ga

Franz Tract

' Wi

IGLOO RD.

5 . 3

LAKE/ DETENTION

OFFICE

PARK

±21.4 acres

DRAINAGE

±1.6 acres

id 'W

±8.1 acres

REC

±5.6 acres

±6.2 acres

F. M

• Purchased 1,300 acres in 3 closings

LAKE/ DETENTION

OFFICE

eli

s Pip

±6.7 acres

±12.9 acres

PARK

±1.9 acres

LAKE/ DETENTION

id 'W

DRAINAGE OUTFALLS

PARK

±4.4 acres

±1.1 acres

en se nt m Ea se me se Ea eline e Ea lin Pip ne pe Gas eli Pip s Pi e Ga se Gas e es e se nn se es ' Te es nn 30 nn ' Te ' Te 30 24

±20.8 acres

PROPO

ELEMENTARY SCHOOL

SED

ROE

±15.6 acres

±6.1 acres

±22.9 acres

±24.7 acres

WOODS RD.

±2.0 acres

Franz Tract

±19.2 acres

PARK

DRAINAGE

±1.1 acres ±18.1 acres

±17.0 acres

2009-2013

CHURCH HEPPLEWHITE DR.

LAKE/ DETENTION

±11.1 acres

DRAINAGE

±6.0 acres

• Parkside fully entitled the Property including drainage, title, and MUD formation

DRAINAGE OUTFALLS

±13.1 acres

• Parkside fully entitled and developed the Park

COM

±16.3 acres

30'

DRAINAGE ±8.6 acres

NEIGHBORGHOOD COMMERCIAL

Wid

e She

ll Pipe

Line

±4.6 acres

Eas

±13.0 acres

eme

±33.4 acres

ELEMENTARY SCHOOL

±5.5 acres

2013

±34.4 acres

±15.0 acres

±0.5 acres

RD.

±17.0 acres

LAKE/ DETENTION

±13.3 acres

PARK

±1.1 acres

LAKE/ DETENTION

±30.5 acres

±9.2 acres

CONSTRUCTED

±14.9 acres

KILGORE PKWY PH. 2 TO BE CONSTRUCTED

KILGORE PKWY PH. 1

±22.7 acres

DRAINAGE OUTFALLS

PARK

±13.3 acres

UNT PROPOSED H

REC

±5.0 acres

±16.07 acres

• Occupants include National Tube and SAFE Chemicals

CHURCH

±2.1 acres

NEIGHBORGHOOD COMMERCIAL

±12.5 acres

Heavy Industrial 136 Ac.

PARK

±3.1 acres

±14.0 acres

±21.9 acres

• SOLD

DETENTION BASIN

• Purchased 450 acres in 2 closings

±25.1 acres

PECAN HILL DR

2008-2010

TRACT 13 6.1 Ac.

±21.7 acres

±24.3 acres

13.2 Ac.

s Pi

COM

±22.5 acres

lin

±19.7 acres

±4.2 acres

2008

LAKE/ DETENTION

TRACT 11

±17.8 acres

DRAINAGE ±16.4 acres

±18.4 acres

2015

±15.4 acres

COM

DRAINAGE OUTFALLS

±23.7 acres

±1.9 acres

±5.5 acres

North Fulshear EEstates states

±25.4 acres

• 200 acres remaining

TEAL DR

PAD SITE AMENITY PAD SITE ±1.6 acres LAKE PAD SITE ±1.6 acres

PAD SITE ±2.0acres

N. FULSHEAR RD

PEARLAND 2011

Proposed One Story Bldg 1

• Purchased 40 acres

Proposed One Story Bldg 1

w w w. m a s o n c r e e k c o r p . c o m Proposed One Story Bldg 4

WA Y

2011

2012-2014

Proposed One Story Bldg 3

Proposed One Story Bldg 5

EW E

• Purchased 110 acres

• Entitled and constructed Business Center Drive, regional detention, and utilities for the benefit of future development

MEDICAL OFFICE

2012-2013 23,577 SF

• Entitled and constructed 100% of the Park.

RESERVE 12B ± 13 acres

VAN

2015

• Sold sites to Transwestern, Myers Crow, Berkeley, Vista, and Simpkins Group

• Home to Costco, Jimmy Changa’s, Moody Rambin, and future retail users

MER CHAN TS WAY

VAN

CLASS A OFFICE 10.8 ACRES

RESERVE 12A ± 9 acres

22,475 SF

2015

• 2.3 acres remaining

SOLD

FOR SALE

• 28 acres remaining

LAW OFFICES ORAL SURGEON

2007 • Purchased 11 net acres

2008-2010 • Entitled the site for future industrial use

2015

2010

2011-2013

2015

• Available for sale $1.5 million

• Purchased 35 acres

• Fully entitled the property

• SOLD

3003 WEST ALABAMA, HOUSTON, TEXAS 77098 P: (713) 773.5537 | F: (713) 529.5310 | E: info@ParksideCap.com | W: www.ParksideCap.com

2 STORY 220,000 SF

BANK

2,520 SF 3,500 SF

8,435 SF

Grand Lakes Commercial Reserve 6,740 SF

KATY WEST INDUSTRIAL

3,600 SF

LEASE

REDNews

Rudyâ&#x20AC;&#x2122;s Austin Portfolio N N N I N V E S T M E N T O P P O R T U N I T Y | LO N G T E R M L E A S E S - O V E R 2 2 YE A R S R E M A I N I N G Austin - 183 | 11570 Research Blvd.

I N V E S T M E N T

Austin - 620 | 7709 Ranch Road 620 N.

Austin - 360 | 2451 S. Capital of Texas Highway

O P P O R T U N I T Y

Round Rock, TX/Encino Plaza

Not Included

DARRELL L. BETTS, CCIM Principal

HUNTER R. JAGGARD Vice President

Capital Markets Group D 713.993.7704 | F 713.993.7701 darrell.betts@avisonyoung.com

Capital Markets Group D 713.993.7828 | F 713.993.7701 hunter.jaggard@avisonyoung.com

REDNews

IN THIS ISSUE

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

ROPERTIES FOR SALE/LEASE P 1-3, 4-5, 7-9, 11, 13, 17, 19

21–23, 25, 27, 29, 43–44

COMMERCIAL SERVICES

Environmental 30 Legal Services 41 Moving & Relocation 41

WHAT’S HAPPENING IN TEXAS CRE

Calendar of Events

32–37

Networking Photos

32–37

Deals & Announcements

38–40

ARTICLES Booms & Busts Houston Retail Second Quarter San Antonio Retail Second Quarter Austin Retail Second Quarter Dallas Retail Second Quarter Ray’s Buzz - Interview with Kelley Parker

4 | REDNews.com

10,12,14 16 18 20 24 28–29

REDNews.com | 5

REDNews

FOR 100,000+ CRE BROKERS, INVESTORS & DEVELOPERS

PUBLISHER

PUBLISHER’S LETTER Dear Readers, Is the Texas CRE glass half empty or half full? The Houston Business Journal recently reported that although office and multifamily construction permits are slowing down, building permits for many construction sectors remain high in Houston. According to Alex Carrick, chief economist with CMD Group, an Atlanta-based construction research firm, this relates to population growth being faster in Houston (and Texas) than other parts of the country, as well as unemployment rates being lower. There’s increasing investment in petrochemical plants and shipping since oil is so cheap and abundant, which is a positive regarding lower oil prices. The Texas Retail market is booming. According to CBRE, the 2nd Q 2015 Dallas/Fort Worth Retail Market reached another historic high for a fourth quarter in a row and the highest quarter-over-quarter increase in the last 10 years. Austin has the lowest retail vacancy rate in Texas at 4% and the San Antonio retail vacancy is a healthy 10% with a near equilibrium between supply and demand. Houston’s proposed retail construction was up by 1.6 million SF during Q2 and the city currently has a vacancy rate of 6.3%. (See Pages 16, 18, 20, 24.) We’ll be featuring industrial, office, medical and sublease opportunities in our October issue and Brandi Smith, our REDNews’ writer, is busy researching Texas Beer Gardens as one of the editorial features of that issue. I hope you’ve had a fun summer and enjoy your Labor Day Weekend! Best Regards,

Ginger Wheless

Ginger Wheless ginger@rednews.com

EDITOR Marjorie Gohmert info@rednews.com

STAFF WRITER Janis Arnold janisarnold1@gmail.com Brandi Smith info@rednews.com CONTRIBUTING WRITER Ray Hankamer rhankamer@gmail.com ART DIRECTOR Payton Watkins payton@camalla.com

DATABASE MANAGER Matt Chisari matt@rednews.com DIGITAL DIRECTOR Laura Salazar digital@rednews.com MARKETING MANAGER Bri Martinez bri@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 & developers. Texas Brokers 7,650 Texas Leasing/Tenant Rep 6,232 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

HALTOM CITY OFFERS OVER 300

ACRES OF LAND FOR DEVELOPMENT.

Major retail and commercial development opportunities along Interstate 820 in Haltom City. Great highway frontage and close proximity to Interstate 35W, downtown Fort Worth and adjacent to residential growth Tax Increment Finance Zone Existing Infrastructure

5024 Broadway Avenue \ Haltom City, Texas 76117 \ 817-222-7723 \ HaltomCityTX.com

Personalized Service. Proven Results.

www.tarantino.com ASHFORDPROFESSIONAL PROFESSIONAL ASHFORD

909 Dairy Ashford Rd, 909 Rd, Houston, TX 77079 Houston, 77079

NANES NANES PROFESSIONAL PROFESSIONAL

17060 Nanes Dr, 17030 Dr, Houston, 77090 Houston, TX 77090

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

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

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

• New Ownership • 1,000-56,000 1,000-56,00 NRA Available NRA Available • Building Identity Available • Beautiful Atrium Lobby with Granite Finishes

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

NORTHGREEN BUILDING NORTHGREEN ATRIUM BUILDING

1300 Parkway 1300 N. N. Sam Houston Parkway Houston, 77032 Houston, TX 77032

7575 FELIPE 7575 SAN SAN FELIPE

7575 7575 San San Felipe Felipe Houston, Houston, TX TX 77063 77063

ASHFORD PROFESSIONAL

• 46,462 SF, Three Story Medical Office Building • 80 • 80 Free Free Surface Surface Parking Parking Spaces Spaces • Recently Renovated • Renovated Lobby Lobby • Generous TI • Generous TI Allowance Allowance

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

• Two Story Medical Office Building • Renovated in 2008 • Up to 2,392 SF

908 908E. E. SOUTHMORE SOUTHMORE

908 E 908 E Southmore Southmore Blvd, Blvd, Pasadena, TX TX 77502 77502

PASADENA PROFESSIONAL PROFESSIONAL PASADENA

3315 Burke Burke Rd, Rd, Pasadena, TX TX 77504 77504

NORTHCHASE BUSINESS NORTHCHASE BUSINESSPARK PARK

14505 14505 Torrey Torrey Chase Chase Blvd, Blvd Houston, TX 77014

1505 HIGHWAY HIGHWAY 66 1505

• 1, 1,117-8,49 SP SF 117- 8,849 Available • Lobby & Common Areas Remodeled in 2014 • Covered two Two (2) (2) story Story parking Parking garage Garage • Located • Located near near the the Energy Energy Corridor Corridor

Personalized Service. Proven Results. 1505 Highway Highway 66 www.tarantino.com Houston, TX TX 77077 77077

• 46,462 SF, Three Story Medical Office Building • 80 Free Surface

908 E. SOUTHMORE

TOWNSHIP TOWNSHIP SQUARE SQUARE

WOODFOREST SHOPPING SHOPPING CENTER WOODFOREST CENTER • Up Up to to 11,017 11,01 7SF SF • Available Available End Cap Cap Available Available • End NWC I-10 I-10 EE • NWC Frontage @ @ John John Frontage Ralston Ralston

10907-11095 I-10 East 10907-11095 Houston, TX 77029 Houston,

DE DE ZAVALA ZAVALA

12770Cimarron Cimarron Path, Path 12770 SanAntonio, Antonio, TX 78249 San 78249

1005 1005 INDUSTRIAL INDUSTRIAL

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

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

• Suite 250: 250- 4,794 • Suite 4,225 NRA Warehouse SF Warehouse & & 2,762 NRA Office 3,336 SF Office Space Available Available Space • Easy Access to Beltway 8, I-45 and IAH IAH and • 2 Semi-Dock High Loading Bays • 1 UpRamp Up-Ramp Allowing Drive in Access • Air Conditioned Warehouse

INDUSTRIAL INDUSTRIAL

1005 Industrial Industrial 1005 Sugar SugarLand, Land, TX TX 77478 77478

Houston, TX 77063 (713) 974-4292

SUGAR SUGARPOINT POINTSHOPPING SHOPPING CENTER CENTER

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

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

CORPORATE OFFICE: WOODFOREST CENTER 7887 SanSHOPPING Felipe, #237

3340 FM 3340 FM 1092 1092 Missouri City, Missouri City, TX TX 77459 77459

RETAIL RETAIL

RESEARCH PLAZA RESEARCH PLAZA

19189 I-45 North 19189 Shenandoah, TX 77385 Shenandoah,

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

• 3500 SF, AirConditioned Space Available • 10,663 SF • Deed Restricted Available Business Park •3 Phase at Power Located the • 18ft Ceiling Height Corner of Fallbrook & Beltway 8 to • Easy Access • Beltway Tilt Wall 8 Construction with Decorative Interior Walls

SAN ANTONIO OFFICE:

9920 Hwy Hwy 90 90 Sugar Land, TX TX 77478 77478

15340 VANTAGE VANTAGE

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

15344 Vantage Parkway E 10930 W. Sam Houston Parkway N. Houston, TX TX 77064 77032 Houston,

AUSTIN OFFICE:

TOWNSHIP 12770 Cimarron Path St. 122 502 East 11th Street, #400SQUARE San Antonio, TX 78249 • Up to 6,845 Retail Austin, TX 78701 Space Available (512) 302-4500 • Up to 11,017 SF 212-6222 (210) Available

• Easy Access to

BUSTS & REDNews

BOOMS

houston real estate’s tie to the energy industry BY BRANDI SMITH

you’re lucky, you don’t remember the years of ‘seethrough buildings’ in downtown Houston, but David Cook, executive vice president and shareholder with Cushman & Wakefield, can’t forget them. “Kenneth Schnitzer had a building downtown. He went on TV standing on a floor with no partitions,” recalls Cook. “He made his pitch: ‘I’ll lease this space to you below market,’ whatever it was. It was a see-through building.”

With today’s thriving Central Business District, it’s difficult to visualize a situation in which entire buildings would sit dormant for years after construction, but such was the case in 1980s Houston. The energy industry, based in the Bayou City, was imploding as gas prices dropped to historic lows.

“It was no fun for anyone,” says Cook. “People got laid off, expansion plans of corporations were shelved. None of that is enjoyable for anyone.”

“People just left town,” remembers long-time Houston real estate broker Lee Girard. “I think about half a million people left.” Flash forward 30 years: analysts and real estate insiders are again referencing the ‘80s, some using it to suggest that the market could be worse, others pointing to how bad they think things could get.

ENERGY MELTDOWN

During the great Texas boom of the 1970s, it seemed as though all roads led to Houston. Oil had been discovered here just after the turn of the 20th Century when the Lucas No. 1 well blew near Beaumont, but it wasn’t until the mid-‘70s that the Lone Star State’s population exploded, in no small part due to the commercial availability of air-conditioning units.

“You could tell from the phone book how many people were coming,” says Susan Strickland, commercial escrow Clockwise from top: David Cook, Executive Vice rresident officer and and Shareholder, Cushman & Wakefield closing atSteve Sapio, vice president and title officer torney with with Chicago Title Houston Chicago Lee Girard, Girard Interests 10 | REDNews.com

Title Houston. “It would get thicker and fatter every year.”

“

You could tell from the phone book how many people were coming. It was getting thicker and fatter every year.”

However, the Arab Oil Embargo also contributed to Houston’s rapid growth. In effect from 1973 to 1974, the embargo helped propel crude oil prices from a mere $3 in the 1960s to $35 in the 1970s. Much of that money flowed through Houston as energy companies set up and staffed their headquarters here. “It was boom town,” Strickland says of Houston in 1978 when she got her start at a title insurance company. “We were insuring the downtown office buildings at that time. To see everything multiplying was breathtaking.” The city rode the wave of big oil, which reached $33 a barrel, until 1982. That’s when the prices started to drop, stagnating at $27 a barrel before plummeting to $10 a barrel in 1986. Then Houston experienced what could only be described as a seismic bust. Roughly 90 percent of the nascent oil and gas companies were shuttered as crude prices bottomed out. A huge percentage of jobs in the Houston area — an estimated 70 percent — depended directly or indirectly on the oil industry, so when the bottom fell out of the market tens of thousands of those

— Susan Strickland

positions were cut. “By the time Houston’s economy hit bottom in January ’87, the region had 221,900 fewer jobs than it had five years earlier,” says Patrick Jankowski, an economist and vice president of research at the Greater Houston Partnership. With so many people out of work and companies flailing, the next hit was inevitable: real estate. It had grown quickly, right along with the oil industry. “It was a double tsunami,” explains Cook. “At the time the demand was going down, they were still building. The end result of that was a bloodbath for developers.” Jankowski echoes that, pointing out that while the region lost nearly 220,000 jobs, it added 188,000 housing units. “It was bad,” says Steve Sapio, vice president and title officer with Chicago Title Houston. “We didn’t know enough about it, but I knew it was bad.” Vacancy rates skyrocketed beyond 30 percent as property values collapsed. With no tenants leasing Continued on page 12

SHOPS ON THE

MAINLAND

5,500 SF

100000 Emmett F. Lowry Expressway Texas City, TX 77591

PROPERTY INFORMATION • New Power/Entertainment Redevelopment • Current retailers include Cinemark Movies 12, Sears, Palais Royal, World Gym, Olive Garden, Gringos, Beyond Burger, Tuscany Village Salons and Galaxy Nutrition • 7,000 new homes coming to immediate trade area • 3 miles from College of Mainland with over 5,000 students

CONTACT INFORMATION

PREVIOUS RESTAURANT, BAR & GRILL • •

• • •

•

2 PAD SITES

Kitchen appliances & some glass ware included, 2 walk-in coolers Located in retail shopping center & within walking distance from 4 hotels: Hampton Inn, Fair Field Inn, Best Western & Holiday Inn Express Directly across from Cinemark Movies 12, Sears, World Gym & Palais Royal Great location for neighborhood pub/ sports bar Beautiful hardwood floors, has a “CHEERS” feel to it! Would be great for Karaoke, pool or dart tournaments, and live bands Beer, wine, & liquor license can be obtained

16,308 SF

PREVIOUS FURNITURE STORE •

RENT NOW AT YESTERDAY’S PRICES

• •

Great location right in between Sears, World Gym, and Palais Royal Glass front windows and doors Wide open space can be fitted to suit your needs

Deanna Jerome (409) 986-7000 (832) 282-8451 mainlandmalltx@gmail.com Press 0 for more information on sales or leasing

CALL TODAY Brokers welcome 6% commission

PAD SITES FOR SALE surrounding the mall

Parcel #

Size (acres)

Size (SF)

4.0260

175,373

1.1040

48,090

1.0000

43,560

0.6037

26,297

4.4600

194,278

0.7161

31,193

3.9390

171,583

1.1060

48,177

9.3710

408,201

9.6830

421,791

Total

36.0088

1,568,543

REDNews Skyline of Texas Medical Center

space in the newly constructed buildings, it was only a matter of time before landlords started defaulting on their mortgages. As that debt got passed back to lenders, more than 425 Texas banking institutions failed.

since our premiums are based on sales price, but it was prosperous in that we had some business to insure and nobody was complaining,” says Strickland. “As the wheels started turning for the RTC, there was a slow recovery.”

“Houston got redlined. They wouldn’t allow anybody to make a mortgage in Houston,” says Girard. “People just left town.”

In 1994, NAFTA went into effect, helping Texas grow into the country’s export leader. The state, which now accounted for 14 percent of all U.S. exports, saw job growth for the first time in nearly a decade.

REBUILDING BOOMTOWN

Those who stayed - in Houston and in real estate - during Houston’s darkest days found ways to survive and, in rare cases, flourish. “There was a lot of accommodation that was done at that time. Not so much new stuff, but very much reworking, extending, trying to breath life into and keep people going,” Stickland says. At the time, Cook was working for Howard Horne at the W.A. Horne Company. “He had a saying that has stuck with me,” remembers Cook. “‘When the market is hot, people will think that it’s going to remain hot. When the market is cold, people will think it’s always going to remain cold. They’re both wrong.’” Cook attributes that attitude, plus the lesson he’d learned in the Army that “Nothing very good or very bad lasts very long,” to his approach during the bust. “In the 1980s, it was a great time to adjust my marketing,” says Cook. “I [was] going after the banks who were taking back properties. They didn’t want to hold those properties; it created a great demand.” That demand, coupled with the formation of the Resolution Trust Corporation in 1989, helped pull the market out of its slump. “It wasn’t a prosperous time for title insurance

12 | REDNews.com

Girard says he started to feel things turn around in 1995, but the market didn’t really rebound until ’98. Even then, he says, everyone in the market was cautious until about 2000. “We had this incredible loan run-up, with everybody’s stated income mortgages, right through pretty much 2006,” he recalls. “There were a lot of deals being made and I did have a couple of agents who worked for me who were doing well.” “There was so much development and so much that brought Houston to what it is now,” Sapio says. “People had [title insurance] orders out in their offices and in the hallways. We were work-

ing all night long.”

SLIPPING INTO RECESSION

Those who had experienced the boom of the late ‘70s knew, as Cook says, that nothing very good or very bad lasts for very long - and things had been very good for a couple of years. “By 2008, they had the financial meltdown, both in New York, and then it spread back to Houston,” says Girard. “Although it was uncomfortable and definitely detrimental to a lot of people, I don’t think it was as bad as before,” Susan says. “Houston had diversified in its economy since then and had other very strong components.” Those components include the healthcare industry, which touts 55,000 jobs from employers such as Memorial Hermann Health System, the University of Texas MD Anderson Cancer Center and Houston Methodist. While the diversification helped - the region lost only 1 in 22 jobs during the Great Recession vs. 1 in 7 jobs in the ‘80s - the true key was Houston’s lack of housing bubble. While other markets saw housing values tumble by as much as 40 percent in the late ‘00s, Houston’s barely dipped 2 percent. Even so, the city’s real estate industry did take a hit. “Coming out of the Great Recession, folks said it wasn’t because there was a lack of people interested; there were plenty of people ready to go, but it was the lenders who put the brakes on things,” explains Cook. “It was a slowdown, but it wasn’t just a dead stop,” Strickland says. “I’m sure there were people who got desperate and who went under, but what we really saw was more of a holding-ofbreath thing, suffocation.” Continued on page 14

Parkside Capital Land Fund 2

TRACT 2 ± 5 ACRES

MAGNOLIA

TRACT 3 ± 5.5 ACRES

2015

148

5 es Acr

1774

ley Rd

2014

1488

ck Ho

TRACT 1 ± 15.5 ACRES

Old

w w w. v e r d e p a r c . c o m

• Closed 125 acres

JC Penny

TRACT 4 ± 23 ACRES

• Purchased 20 acres at SE corner of Old Hockley and 1488 in Magnolia

TRACT 5 ± 25 ACRES

2014-2015 • Fully entitled and masterplanned property

• Sold 15 acres as shown

TRACT 7 ± 19.5 ACRES

TRACT 6 ± 12.5 ACRES

SOLD

• 5 acres available

2015 DENTENTION

TRACT 1C ±2.51 AC

Cinemark

DENTENTION

TRACT 1D ±1.8 AC

DENTENTION

kley

• 122 acres available

Hoc

1488

Old

• Construction commencement on horizontal

Rd.

• Closed 16 acres at SWC or 2920 and Cypress-Rosehill • 16 acres available

16 Acres

CYPRESS ROSEHILL

2015

2920

Yale @ 610

YALE STREET

FM2920

2015

• Closed 39,000 SF industrial building on 1.5 acres 249

2920

2920 CYPRESS ROSEHILL

SIT

FUTURE GR

SITE

• Property available for lease

RETAIL

610

TH LOOP 610 N OR

AND PARK

WAY

Joe Moody

Dan Moody

President 713.773.5521

Vice President 713.773.5503 dan.moody@parksidecap.com

joe.moody@parksidecap.com

Parkside Capital Land Fund 2 is a $50 million fund dedicated to land investment in the Houston market. Brokers Protected 3003 WEST ALABAMA, HOUSTON, TEXAS 77098 P: (713) 773.5537 | F: (713) 529.5310 | E: info@ParksideCap.com | W: www.ParksideCap.com

148

REDNews

CONSTRUCTION CITY

As early as 2011, Houston’s market started to see things turn around and in the next few years, the city boomed along with its energy sector. Developers, drawn like bees to honey, flooded Houston with new projects. As of 2014, when oil prices were still more than $100 a barrel, it boasted one-sixth of the country’s under-construction office space. Nearly 80 buildings were going up, adding roughly 18 million square feet of office space to the region. In the months since, oil prices have dipped as low as $48, morphing the energy industry’s optimism into anxiety and prompting more than 30,000 layoffs from Houston-based companies such as Royal Dutch Shell, Marathon Oil Corp., Weatherford International and BP PLC. The cuts have also created a glut of space on the market. “There’s sublease space and that needs to be taken care of, but we’re not grossly overbuilt like some people might think.” says Cook, “Right now, sellers, owners are really not chasing the market down so prices have stayed pretty stable. Lease prices have stayed relatively stable; they haven’t dropped off.” While office could be a soft part of the market for a while, insiders point to other aspects that are thriving. “People have more money to spend now. The gas prices are down, retail is going crazy,” Sapio says. “Even when they started screaming about the oil prices, we really didn’t see too much of a downturn. We still had the orders coming in.”

“

“Industrial is still very tight, and the vacancy rates are very low,” says Girard. “Single family seems to be coming back, because it didn’t get that far out.” “For us right now, the market is favorable,” says Cook. “We’ve got a lot of good activity. Major corporations, who may be having pain of oil prices affecting them one way or the other, are still thinking 10 years, 15 years down the road.” Though business has certainly slowed compared to the boom of the early ‘90s and ‘00s, those who survived past busts know what it takes to make it through this slowdown: focus and patience. “We’re not going to be crazy on fire and grabbing money out of the sky and that stuff, but we can live and we can function and we can do business,” Strickland says. “That’s a great advantage.” Girard says he’s turned his attention to Southeast Houston. “There’s still inexpensive land there; there’s a lot of job growth in the petrochemical industry, and they have some very good school districts,” he says. He’s currently working on a mixed-use development tract off Highway 146 and Red Bluff in Seabrook. “We want to educate our clients as much as possible to make them a little bit more aware of how they can help us help them,” says Strickland about how she and Sapio will spend any possible downtime. Cook, meanwhile, says he’ll devote his time to what has always been his favorite project: “people whom I’ve had the pleasure of mentoring.”

For us right now, the market is good. We’ve got a lot of good activity. Major corporations, who may be having pain of oil prices affecting them one way or the other, are still thinking 10 years, 15 years down the road.” 14 | REDNews.com

— David Cook

All of them will most definitely have an eye on the price of oil in the coming months, but having been through the cycle of booms and busts in the past, they know time has a way of evening things out. After all, Houston, a city that has weathered many a hurricane, can clearly weather economic storms too.

ACRES OF OPPORTUNITY ABOUND IN NORTH AND WEST HOUSTON.

BARKER CYPRESS SOUTH OF FM 529

11611 CHAMPION FOREST

Land For Sale - 9.6 Acres

Land For Sale - 64 Acres

• Densely populated area • One block north of W. Little York and one block south of FM 529

• Approximately 1,100 FT of frontage along Bourgeois Road

• Major retail at FM 529 includes: Kroger, ACE Hardware, McDonalds, Chase Bank, Burger King, Specs and Kohls

• Approximately 1,200 FT of frontage along Champion Forest Drive • Utilities available through MUD-202 and not in the floodplain

Contact: Keith Grothaus, CCIM, SIOR

Contact: Keith Edwards, CCIM, SIOR

LONGENBAUGH ROAD

SPRING CYPRESS ROAD

Land For Sale - 161.4 Acres

Land For Sale - 7.226 Acres

• Approximately 1,400 FT of frontage along Longenbaugh Road

• Approximately 271 FT of frontage along Spring Cypress Road

• Approximately 1.4 miles away from the Grand Parkway • Unrestricted

• An existing 3,000 SF residence is located on the property • Located minutes from Hwy. 290 and Hwy. 249 and is near the SYSCO distribution facility

Contact: Keith Edwards, CCIM, SIOR

Caldwell Companies has the extensive local experience and unmatched market expertise needed to serve your land brokerage needs. HOUSTON

THE WOODL ANDS

CaldwellCos.com

COLLEGE STATION

713.690.0000

REDNews

Houston Retail, Q2 2015

Development pipeline swells; proposed construction up by HOUSTON RETAIL, Q2 2015 Development pipelineQ2 swells; Houston Retail, 2015 proposed up bysq. 1.6 million ft. during Q2 1.6 construction million ft.sq.during Q2 MARKETVIEW

Development pipeline swells; proposed construction up by 1.6 million sq. ft. during Q2 Completions

Under Construction

Vacancy

Net Absorption

522,150 SF

1,364,688 SF

6.3%

Avg. Asking Rate

718,359 SF

$23.46 PSF

Figure 1: Retail Sales Tax Revenue Growth

20 15

Completions

Under Construction

Vacancy

10 6.3%

Net Absorption

522,150 SF

1,364,688 SF

Avg. Asking Rate

718,359 SF

$23.46 PSF

Figure 1: Retail Sales Tax Revenue Growth

% 0

recently announced a new 300,000 sq. ft. outlet mall

est along of any city with in the Houston metro, Paragon Highway 59 just south of Richmond. South of Outlets recently announced a OVER new 300,000 sq. ft. SALES TAX REVENUES UP YEAR Houston in Lake Jackson, where taxesYEAR increased by outlet mall along Highway 59 just south of Richnew grocery development is active a new City11.6%, of Houston sales tax revenues for 2015with year-tomond. South of Houston in Lake Jackson, where H-E-B and5% Kroger date are up fromunder 2014.construction. While the city saw a slight taxes increased by 11.6%, new grocery developdecrease from April 2014 revenues, suburban cities ment is active with a new H-E-B Conroe, and Kroger Additionally, Pearland, Baytown, Sugarunder Land, within the Houston MSA saw dramatic increases. construction. Humble, Katy, Montgomery and Magnolia all saw an

16 | REDNews.com

increase ininsales tax revenues. Accordingly, As revenues Richmond climbed 19.2%, thesingle highest Additionally, Pearland, Baytown, Conroe, Sugar of family development and the majority of retail any cityHumble, with in the Houston metro, Paragon Outlets all Land, Katy, Montgomery and Magnolia construction is centered in these suburban markets. saw an announced increase inasales tax revenues. recently new 300,000 sq. ft. Accordingly, outlet mall singleHighway family development the majority ofof retail along 59 just south and of Richmond. South construction is centered in these suburban markets. Houston in Lake Jackson, where taxes increased by Q2 2015 CBRE Research 11.6%, new grocery development is active with a new H-E-B and Kroger under construction.

Richmond

Lake Jackson

Montgomery

Pearland

Sugar Land

Conroe

Richmond

and poised for a strong growth cycle. In the second quarter over 1.6 million sq. ft. of In the second quarter over 1.6 million sq. ft. of proposed proposed retail projects were announced, of which retail projects were announced, of which 560,000 sq. ft. is 560,000 sq.While ft. is speculative. Whilecenters grocerywill continspeculative. grocery anchored anchored centers will continue to be the focus of ue to be the focus of retail developers throughout the rest of this year, developers are the beginning focus retail developers throughout rest of to this year,on Bolstered by pent up demand from recent new retail destinations for the developers are beginning to Houston focus onarea. new retail Lake Jackson

Katy

Magnolia

Baytown

Humble

Houston

any with in the metro, Paragon Outlets Source: TexascityComptroller, JuneHouston 2015 climbed As revenues in Richmond 19.2%, the high-

Montgomery

City of Houston sales tax revenues for 2015 year-to-

0Citydate of are Houston tax revenues up 5%sales from 2014. While thefor city2015 saw a slight year-to-date are up 5% from 2014. While city decrease from April 2014 revenues, suburbanthe cities saw a slight decrease from April 2014 revenues, -5 within the Houston MSA saw dramatic increases. suburban cities within the Houston MSA saw dramatic increases. As revenues in Richmond climbed 19.2%, the highest of

Pearland

5 SALES TAX REVENUES UP YEAR OVER YEAR SALES TAX REVENUES UP YEAR OVER YEAR

Bolstered by pent up demand from recent population growth, activity in the from retailrecent marketpopulais olstered by pent up demand healthy poised for a strong growth cycle.is healthy tionand growth, activity in the retail market

Sugar Land

10 Source: Texas Comptroller, June 2015

Conroe

Katy

Magnolia

Baytown

Humble

-5 Houston

population growth, activity in the retail market is

destinations for the Houston Developers publicized plans for area. three large retail projhealthy and poised for a strong growth cycle. ects this quarter; a 500,000 sq. ft. expansion at the San Developers plans for three large retail Jacinto Mall –publicized its first since opening in the 1980s, the In the second quarter over 1.6 million sq. ft. Paragon Outlets in Rosenberg, and PMRG’s mixed-use projects this quarter; a 500,000 sq. ft. expansionofat proposed retailMall projects weresince announced, which project, Square, on the formerof Exxon the SanRepublic Jacinto – itslocated first opening in the Chemical site on Houston’s west side in the 560,000 sq. ft. is speculative. While grocery 1980s, the Paragon Outlets in Rosenberg, and Energy Corridor. anchored centers will continue to be the focus of PMRG’s mixed-use project, Republic Square,

retail developers throughout the rest site of this located on the former Exxon Chemical on year, developerswest are side beginning to focus on new retail Houston’s in the Energy Corridor. destinations for the Houston area.

Developers publicized plans for three large retail projects this quarter; a 500,000 sq. ft. expansion at

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 Market Street Office Space For Lease

9595 Six Pines, The Woodlands

Spring Hill Office Space For Lease

Red Oak Surgical Arts Building For Sale

312 Spring Hill, Spring

17203 Red Oak Dr., Houston

• 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

• • • •

Havenwood Office Park For Lease

Parkwood One For Lease

25700 I-45, Spring

2,200-16,000 SF spaces available Private entry and private restroom Suites are individually metered Excellent location, approximately 1 mile from I-45, Hardy Toll Road and the Exxon Mobil Corporate Campus, currently under construction

10077 Grogan’s Mill Rd., The Woodlands

• Suites available from 1,347-4,500 SF • Surface & garage parking available, granite finishes and double glazed ‘E’ glass, back-up generator, energy management system and on-site storage area. • The building features recently updated common areas, including new carpet, wall covering, lights and ceiling tiles • Located in the heart of Town Center

Timberloch Place For Lease

The Preserve Office Park For Sale or For Lease

2002 Timberloch, The Woodlands

• Various spaces available from 981 - 7,839 S.F. • Located in the heart of Town Center, in close proximity to the Woodlands Mall, Market Street, The Cynthia Woods Mitchell Pavilion and the Woodlands Waterway • Easy Access to I-45 and the Hardy Toll Road • Parking garage with reserved spaces

• Space available: Suite 300 - 17,815 RSF & Suite 600 - 17,815 RSF with upgraded finishes • Town Center Location and walking distance to The Woodlands Waterway, Market Street and adjacent to the Cynthia Woods Pavilion • Excellent access - under ½ mile to 1-45

Vision Park Office Building For Lease

Panther Creek Professional Plaza II For Lease

Investment Opportunity For Sale

4840 W Panther Creek Dr., The Woodlands

821 Crossbridge, Spring

• Three-story building, five acre site • Typical floor plate: 25,000 SF; 75,000 SF available • On-site property management

• Panther Creek Professional Plaza II is 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 I-45 and The Woodlands Town Center

9400 Grogan’s Mill, The Woodlands

• 2 Story Medical/Office Building, 14,232 SF, close proximity to Houston NW Medical Center. • 88% Leased, 1,600 SF leasable space on 1st floor. • Close to various area retailers, restaurant, daycare, other medical office buildings • Located 0.7 miles north of FM 1960, 2 miles to 1-45 and 5.3 miles to Hardy Toll Rd.

• 250,000 SF Class A office building, under construction • High-end finishes, designed to be LEED silver certified • Located in between The Woodlands Town Center and Exxon Mobil campus • On-site property management and leasing

128 Vision Park, Shenandoah

Town Center Plaza For Lease

• Class A office building, high-end finishes • +/_ 7,625 SF building on +/_ 30,536 SF Land • 100% Leased, NNN investment • Just 1 mile south of The Woodlands and Exxon Mobil campus

25420 Kuykendahl Rd., Tomball • Located at the corner of Kuykendahl Road and Preserve Way, near Creekside Village • 1,250 SF - 12,500 SF Contiguous space available • Six buildings; one story; total 45,000 SF • High-end finishes including granite, wood floors, and crown molding • Convenient to Grand Parkway and Woodlands Parkway

Woodland Gate Plaza For Sale

719 Sawdust, Spring • Great location in The Woodlands Submarket, just minutes from The Woodlands Town Center • Three-story, atrium-style office building, with approximately 60,000 SF, situated on 3 acres. • Convenient from door and parking access with ample parking • Latest technologies • Easy access to I-45 and Hardy Toll Road

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.

REDNews

ACHES EQUILIBRIUM

Commercial Real Estate Since 1974

SAN ANTONIO RETAIL, Q2 2015 Retail market reaches equilibrium; healthy citywide vacancy rate of 10% 2Q 2015 SUBMARKET

TOTAL INVENTORY

TOTAL DIRECT VACANT SF

% VACANT

AVG. QUOTED RENT RATE

8,596,513

834,641

9.7%

$16.40

eet of retail lease space conducted by the

FAR NORTH

4,600,177

459,488

10.0%

$21.72

based, full-service commercial real estate

8,079,134

1,376,078

17.0%

$14.59

15,561,732

1,174,189

7.5%

$14.92

CBD

1,215,705

201,354

16.6%

$20.00

h is just shy of the 299,656 square feet of

SOUTH

5,028,621

379,182

7.5%

$14.71

“The near equilibrium between supply and

FAR WEST

4,081,641

297,044

7.3%

$17.56

TOTALS

7,163,523

4,721,976

10.0%

$16.30

with a healthy citywide vacancy rate of 10%.

y Board – a group of leading retail brokers

mation, new leases and expansions resulted

ond quarter. Year-to-date, demand for retail

he citywide vacancy rate relatively stable,”

tner at REOC San Antonio and member of

tywide vacancy rate stood at 9.9%.

Source: REOC San Antonio/Xceligent

Submarket Map OVERVIEW

ort increased rental rates in new product,

The San Antonio retail market closed the second quarter with a citywide vacancy rate of 10%. There were no notable deliveries in the second quarter but more than 826,000 square feet of multi-tenant retail space is currently under construction led by the redevelopment of the former Joske’s Building at RiverCenter Mall downtown. It may not be noticeable from street level but an aerial view shows that the entire 510,810-squarefoot space has been gutted and renovations are underway to make room for new retailers like H&M, Dave & Buster’s and many more.

tly. At the close of the second quarter, the

ck $0.21 compared to the previous quarter

8230 210 524 4000 I www.reocsanantonioblog.com

a Theater, Former a Submarket Map

Property Types

Regional Mall (RM) - Enclosed cneters with a total area greater than 500,000 sf. Tenant mix ranges from kiosk and food court to 1 8 expressed | REDNews.com period major department stores.

         

CONROE Industrial Showroom For Lease North Loop 336 SHOWROOM / WAREHOUSE

Halbouty Halbouty Center Center OFFICE SPACE 5100 OFFICE OFFICE SPACE Westheimer 5100 Westheimer FOR LEASE FOR LEASE Houston, FOR Houston, TX TX 77056 77056

Building Features Features Building Building Features

On-sitecourtesy courtesy guard guard On-site On-site guardoffice On-sitecourtesy management On-site management office On-site management office Fivestory story atrium lobby lobby with beautifully beautifully Five atrium with Five story atrium lobby with beautifully appointed interiors appointed interiors appointed interiors access to restaurants, Excellentpedestrian pedestrian Excellent access to restaurants, Excellent pedestrian access to restaurants, banks,and and hotels in in the the Galleria Galleria area banks, hotels area banks, hotels3/1000 in the Galleria area Garageand Parking, Garage Parking, 3/1000 Garage Parking, 3/1000

Up to +/-19,125 SF For Lease- Industrial/Showroom Space

Near Highway 105 & Loop 336

Suite 585 Suite 585

3511 North Loop 336 East

• Up to 19,125 SF • 17,125 SF - Building 1 (Divisible: 3,000 SF Min.) • 2,000 SF - Building 2 • New Construction • 1.46 Acres • Bldg. Height: 18’ Eve, 22’ Center • City of Conroe Utilities • 3 Miles from Lone Star Executive Airport

For More More Information: For Information: For More Information: Robyn Berry

CENTRAL CENTRAL BUSINESS BUSINESS CENTRAL DISTRICT DISTRICT BUSINESS DISTRICT

PROPERTY DETAILS:

Ready for Build Out • Ready for Build Out

PROPERTY DETAILS

4,159 SF 4,159 SF 4,159 SF

Janae Evans, Evans, SIOR Janae SIOR Janae Evans, SIOR 713-621-3999 713-621-3999 713-621-3999 Janae@evtex.com Janae@evtex.com Janae@evtex.com

Conroe, TX

FOR LEASE

Robyn Berry Robyn Berry 713-629-5535 713-629-5535 713-629-5535 Robyn@evtex.com Robyn@evtex.com Robyn@evtex.com

Evtex Companies Companies Evtex 9601 Jones Jones Road, Evtex Companies 9601 Road, Ste. Ste. 239 239 Houston, TXRoad, 77065 9601 Jones Houston, TX 77065Ste. 239 The information herein has been obtained from sources believed reliable. While we do not doubt itsHouston, accuracy, we have not verified it and make no guarantee, warranty or representation TX 77065 The information herein has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation

• Generous TI Allowance

• Lease Rate:TI $1.00/SF Per Month - NNN Generous Allowance • Up to 19,125 SF • 17,125 SF- Building 1 (Divisible: Call for Rates! 3,000 SF Min.) • 2,000 SF- Building 2

FOR INFORMATION CONTACT • N. Loop 336 E & Old Hwy. 105

Rob Banzhaf David Alexander • 1.46 Acres Managing Principal Vice President (281) 210-0093 (281)• 210-0095 Bldg. Height: 18’ Eve, 22’ Center rob@newcorcre.com david@newcorcre.com • City of Conroe Utilities • 3 Miles from Lone Star Executive Airport

FOR INFORMATION CONTACT:

about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinion, assumptions or estimates used are for example only and do not repreabout it. Itcurrent is yourfuture responsibility to independently confirm its accuracy completeness. Any projections, assumptions or estimates are forbyexample only and do and not represent the performance of the property. value of thisand transaction to you depends tax opinion, and we other factors which should beused evaluated your tax, financial, legal The information herein has been obtained from sourcesThe believed reliable. While we do not doubt its on accuracy, have not verified it and make no guarantee, warranty or representation sent the current future of the property. The value of this transaction to you depends on to tax and otherthefactors which should be evaluated by your tax, financial, and legal advisors. You and yourperformance advisorstoshould conduct aconfirm thorough investigation of this suitability of estimates the property forare your about it. It is your responsibility independently its independent accuracy and completeness. Anyproperty projections,determine opinion, assumptions or used forneeds. example only and do not repreadvisors. You and your advisors should conduct a thorough independent investigation of this property to determine the suitability of the property for your needs. sent the current future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a thorough independent investigation of this property to determine the suitability of the property for your needs.

David Alexander Vice President 281-210-0095 david@newcorcre.com

Rob Banzhaf

Ind L

Managing Principal Up to +/-19,125 SF For Lease- Industrial/Showroom 281-210-0093 rob@newcorcre.com

PROPERTY FOR SALE OR LEASE 10200 GROGANS MILL ROAD, SUITE 175

5330 Gulfton Street Houston, TX 77081

3511 North Loop 336 East • •

OCTOBER ISSUE

DEADLINE SEPTEMBER 11TH Reserve your spot today!

•

Property Features:          

Close proximity to Loop 610 & Hwy 59 Sale Price: $3.7 Million Lease Rate: $0.37/SF Net Immediately Available Total: 61,608 SF Ofﬁce: 4,000 SF ±20’ Clear height Fully Climate controlled 4 Grade level doors 1 Semi dock door

  

Can install additional grade level or dock high doors Sprinkler system Security System

• •

Downtown

FOR INFORMATION CONT Galleria

David Alexander Vice President 281-210-0095 david@newcorcre.com

www.ngkf.com

June 2015

• •

(713) 661-6300 Bri@REDNews.com

•

R Man 28 rob@

North

Southwest REDNews

AUSTIN

66 681

REAL ESTATE OUTLOOK

5,937,211

26,239

51,155,156

584,931

98.3% 74

984

Round Rock & Cedar Park 96.1% 142 496,648

11 96

Northeast & East 19,986

Northwest & Far Northwest

AUSTIN RETAIL MARKET WATCH REAL ESTATE OUTLOOK

South

101

Southeast

Southwest

AUSTIN

681

AUSTIN RETAIL MARKET WATCH, JULY 2015 JULY 2015

Recent Retail Leases 

RETAIL LEASE STATISTICS :: VACANCY & RENTAL RATE RENT PSF ($)

8.0%

Round Rock :: HomeZone Furniture 30,000 SF at Renaissance Square

VACANCY (%)

$25.00

6.0%

$20.00



Far Northwest :: Retro Fitness 15,000 SF at Plaza 183 Shopping Center

4.0%

$15.00

2.0%



0.0%

South :: Star Center 3110 West Slaughter Lane 20,000 SF Stand-alone Strip Center Building Buyer: The Blood & Tissue Center of CenTx Seller: Artale Services South :: Walgreens 120 West Slaughter Lane 14,820 SF Single-Tenant Retail Building Buyer: Wautx LLC Seller: The Place CRE

QTD



$15.00

2.0%

Recent Retail Sales

$10.00

All Austin area retail buildings larger than 25,000 SF.

Retail Sales Statistics

Volume ($ Mil) No. of Properties

AUSTIN TRAILING 12 MO.

AUSTIN Q2 2015

AUSTIN QUARTER TO DATE

U.S. TRAILING 12 MO.

U.S. Q2 2015

$796.2

$82.9

$85,096.5

$14,861.4

6,806

1,211

0 411,083,104

67,577,300

4,462,803

381,665

Average Price/SF

$225

$335

N/A

$214

$235

Average Cap Rate (Yield)

6.5%

N/A

6.6%

6.5%

Total SF

SOURCE: Real Capital Analytics

Retail Lease Statistics By Submarket SUBMARKET

NO. OF BLDGS

INVENTORY

YTD NET ABSORPTION

YTD LEASING ACTIVITY

DIRECT OCCUPANCY

TOTAL OCCUPANCY

AVERAGE NET RENT

CBD

989,985

53,486

6,526

96.8%

96.7%

$25.68

Central & West Central

6,766,787

68,898

58,600

96.0%

$17.40

North

5,100,260

61,458

43,560

96.2%

$14.79

Northeast & East

4,510,392

26,955

28,872

97.9%

97.5%

$14.52

Northwest & Far Northwest

6,812,399

28,689

169,365

92.1%

91.9%

$16.56

Round Rock & Cedar Park

142

11,722,806

191,601

146,906

94.6%

$18.60

South

101

7,781,756

217,551

22,833

98.4%

98.1%

$21.47

Southeast

1,533,650

99.7%

$10.74

Southwest AUSTIN

66 681

5,937,211

26,239

19,986

98.3%

$18.27

51,155,156

584,931

496,648

96.1%

96.0%

$17.15

SOURCE: Transwestern, CoStar

20 | REDNews.com

30for sale Kemah Bridge

Galveston Bay

Sealed Bid With Bids Due By October 21, 2015

acres

SEC of Mc Cabe Road and 146 Zoned : Planned Unit Development & Low Density Residential Largest Tract on 146 Frontage Exposure Proximity to both the ports of Houston Terminals

Bayport Terminal of Port of Houston

David A. Nettles Broker #0455747 Nettles & Company 713-588-1167 Office david@davidnettles.com

Shorecres Bouldevard Old 146 (Broadway)

McCabe Road Bayshore Elementary

M I X E D U S E COM M E RC I A L D E V E LO P M E N T S I T E S

For Sale or Build to Suit +/- 100 Acres @ BW 8 & Hwy 90 Downtown Downtown

SOLD

COMPLETED

the Galleria the Galleria

S. Gessner Rd.

610

Medical Medical Center Center

59 59

SOLD

90 90

n Rd.

COMPLETED Twin Star Bakery

Beltway 8 S. 8 S. Beltway

COMPLETED Stream Warehouse Development

FOR SALE 82 Acres

SOLD SOLD

S Gessn S G er Rd essn er R

COMPLETED COMPLETED

SOLD SOLD

COMPLETED COMPLETED

SOLD

SOLD SOLD

Cravens Rd.

COMPLETED Global Geophysical Services

SOLD

PikePike Rd. Rd.

TexasTexas Pkwy. Pkwy.

Toll Rd

Hardy

Fondren Rd. Fondren Rd.

Interstate 10 Westheimer

Rd.

610 the Galleria

Downtown

1093

fo af

f fo

S. G

ess

Sta

P ik

Texas Medical Center

Ge e r R ss d . ne rR

Rd.

Westpark Toll

Beltway 8

W. Airport Blvd. Blvd. W Airport

290

s SOLD

SSt. .M 0MAai/ n y/. S.9 H9w0 A

FOR SALE

S t. a in

288

Beltway 8

90H w y.

x Te w y.

82 Acres

can be subdivided

FOR SALE

S.S. Gessner Rd. Gessner Rd.

Beltway 8

Main St

90 A/ S.

SOLD SOLD

COMPLETED COMPLETED Global Geophysical Global Geophysical Services Services

S Gessner Rd.

US Hwy.

SSOLD OLD

Texas Pkwy.

W. Airport Blvd.

18 Acres can be subdivided

t wBae y l8tw S.ay 8

S Gessner Rd.

N W Bellfort Ave.

FOR SALE

can be subdivided can be subdivided

UNDERCONSTRUCTION CONSTRUCTION UNDER International Package Delivery International Package Company Delivery Company

COMPLETED COMPLETED

W Bellfort Ave.

SOLD

FORFOR SALE Acres SALE 18 18 Acres SOLD SOLD

COMPLETED COMPLETED Ben E. Keith Ben E. Keith

SOLD SOLD

Bel

UNDER CONSTRUCTION International Package Delivery Company

SOLD SOLD

COMPLETED COMPLETED Stream Stream Warehouse Development Warehouse Development

COMPLETED COMPLETED

Beltway 8 S.

S. Gessner Rd.

COMPLETED Ben E. Keith

SOLD

SOLD COMPLETED COMPLETED Stream Stream Warehouse Warehouse Development Development

FOR SALE 82 Acres can be be subdivided can subdivided

Cravens Rd. Cravens Rd.

COMPLETED COMPLETED Twin Star Bakery Twin Star Bakery

US Hwy.US Hwy. 90 90 A/ S. A/ S. M Main St ain St. .

COMPLETED

Fondren Rd. Fondre

W. Airport Blvd. ort Blvd. W. Airp

SOLD

COMPLETED Stream Warehouse Development

SOLD

A P R OAJ EP RC OTJ E COTF O F

A PROJECT OF

INVESTMENTS

I NIVNE SVTEMSE TN TMS E N T S

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REDNews

Dallas / Fort Worth Retail, Q2 2015

Retail Tenants are buying; occupancy hits record DALLAS / FORT WORTH RETAIL, Q2 2015high MARKETVIEW

Retail Tenants ar buys; Houston Retail, Q2 2015 occupancy hits record high

Development pipeline swells; proposed construction up by 1.6 million sq. ft. during Q2 Vacancy Rate

Under Construction

6.1%

Completions

6,176,761 SF

Net Absorption

1,137,817 SF

1,928,918 SF

*Arrows indicate change from previous quarter.

Figure 1: Net Absorption and Market Occupancy

Occupancy Rate (%)

Net Absorption (MSF) 9

95.0

8 Vacancy 76.3%

Completions

Under Construction

Net Absorption

522,150 SF

1,364,688 SF

Avg. Asking 94.0Rate

718,359 SF

$23.46 PSF

93.0

Figure 1: Retail Sales Tax Revenue Growth

92.0

4 3

91.0

15 10 5 0

90.0

1 0

89.0

(1) (2)

88.0 2005

2006

2007 Q1

2008 Q2

2009 Q3

2010

2011

2012

2013

Total Annual Net Absorption

2014

2015

Occupancy Rate

Source: CBRE Research, Q2 2015.

quarter in arates row, continues the highest to quarter-over-quarter Occupancy increase for a fourth increase in row, the last 10highest years; aquarter-over-quarter change of 150 basis quarter in a the SALES TAX UP YEARquarter, OVER YEAR points (bps) from previous setting increase inREVENUES the lastthe 10 years; a change of yet 150 basis another record high occupancy for the DFW market. City of Houston sales tax revenues for 2015 year-topoints (bps) from the previous quarter, setting yet date are up 5% from While the a slight another record high2014. occupancy for city the saw DFW market. THE M UCH AN2014 T I C I PATE D NE BR ASKAcities decrease from April revenues, suburban THE MUCH ANTICIPATED NEBRASKA FU R N I T U R E M AR T (N FM ) OFFI C I AL L Y within the Houston MSA saw dramatic increases.

FURNITURE MART (NFM) OFFICIALLY OPENS OPE N S Located in the North Central Dallas the NFM’s retail

24 | REDNews.com

Located in the North Central Dallas thethe NFM’s retail As revenues in Richmond climbed 19.2%, highest of showroom totaled 560,000 sq. ft., contributing showroom totaled 560,000 sq. ft., contributing any city with in the Houston metro, Paragon Outlets approximately 96.5% of the total 580,000 sq. ft. of total approximately 96.5% of 300,000 the total sq. 580,000 ft. of recently announced a new ft. outletsq. mall new completions in Q2 2015. total new completions in Q2 2015. along Highway 59 just south of Richmond. South of Houston in Lake where taxes increased by Q2 2015 CBREJackson, Research 11.6%, new grocery development is active with a new H-E-B and Kroger under construction.

Richmond

T H E B I G B O X S E C T OR O F T H E R E T A I L

Lake Jackson

Pearland

Sugar Land

Montgomery

Source: Texas Comptroller, June 2015

Conroe

O C C U PAN C Y R E A C H ES Y E T A N O TH ER

OCCUPANCY REACHES YET ANOTHER H I S TORI C H I G H HISTORIC HIGH Occupancy rates continues to increase for a fourth

Katy

Magnolia

Baytown

Humble

Houston

-5 THE BIG BOX SECTOR OF THE RETAIL MARKET CONTINUES TO EXPERIENCE A SURGE S U R G E F R O M A F E W C A T E G ORI ES FROM CATEGORIES Through the A first half of the year, DFW continues to Bolstered byFEW pent up demand from recent M A R K ET C O N TI N U ES T O E X P ER I ENC E A

experience surge of grocery, fitness, goods, Througha the first halfactivity of the year, DFW continues population growth, insporting the retail market is andtodiscount soft goods usersof absorb most fitness, of preexisting experience a surge grocery, sporting healthy and poised for a strong growth cycle. available the market. goods,spaces and on discount soft goods users absorb most of

preexisting available spaces on the market.

H 2 0 1 second 5 N E T Aquarter B S O RPTIover ON E1.6 XCE ED S T H sq. E 1H In1 the million ft. 2 0H1 14.

2015 NETprojects ABSORPTION EXCEEDS of which proposed retail were announced, THE 1H total 2014. Year-to-date net absorption is over 1.1 million sq.

560,000 sq. ft. is speculative. While grocery

ft. than at the same point last year, making the first half Year-to-date total net absorption is over 1.1 million anchored centers continue to since be the focus of of 2015 the highest firstwill half net absorption 2008.

sq. ft. than at the same point last year, making the

retail developers thehalf restnet ofabsorption this year, first half of 2015throughout the highest first developers are beginning to focus on new retail since 2008. destinations for the Houston area.CBRE, Inc. | 1 © 2015 Developers publicized plans for three large retail projects this quarter; a 500,000 sq. ft. expansion at

Medical Development Acreage ss acro as y l t c x Dire East Te ter from ical Cen Med

Athens, TX

$1,200,00 79 +/- Acres Available Total

LOCATION: Hwy. 19 and Loop 7 in Athens, TX DESCRIPTION: Large Acreage with Development Potential. Owner will subdivide. Two hard corners available. 13 commercial zoned acres lie within the city limits, allowing for retail, medical, office and some light industrial uses. High visibility regional corridor.

30 +/- Acres

SOLD - RESALE LOTS AVAILABLE

Wolverine Property Management LLC

Cinco Ranch Office

Superb Prestigious Corner Location SEC Mason Rd & Fry Rd., Cinco Ranch Lease Offering Data

Property Data/Attributes

Area Demographics

FOR LEASE

Contact: Roxanne Edmond 281.391.9252 Roxanne@wolverinepm.net

Two Premium Water Front Lots Available Hill Country Resort-Style Community Less Than 30 Miles from Downtown Austin

THE HOLLOWS OF

Voted “Master-Planned Community Of The Year – 2008”

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LOT 2 2.0 Acres of pristine Lake Travis waterfront with deep water. Overlooking mouth of Devil’s Hollow and main body of Lake Travis. Protected area for a private boat dock.

MARY LYONS Keller Williams Realty, Lake Travis Market Center 512-619-3841 MaryLyons@kw.com www.CallLakeTravisHome.com

LEVCOR, INC.

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

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RAY’S BUZZ INTERVIEW WITH KELLEY PARKER REDNews

Kelley, you have been active for a long time now in SE Harris County, and you seem to have a feel for this segment of commercial real estate. Do you have family background or other early experience in this area, or did you just drift in this direction as your career progressed? I worked for my father and his family companies all of which were headquartered in the East end of Houston. My Dad was actually born in the vicinity of 76th Street and Harrisburg. A lot of my jobs were on marine vessels, in shipyards and fabrication facilities. When I got into real estate in 1976 after a few years training under David Cook, we decided to divide the city. He worked the west half and I the east half.

Well, there have been many of them, but a couple that were real homeruns was the recent sale of the 11,000-acre Cedar Crossing now called Cedar Port, the sale of 646-acre Greensport Industrial Park twice, and the sale/leaseback of the Intermarine facility on Industrial Road. There has also been numerous other deals that were fun to work on.

Are most land deals on this side of the county for warehouses or for plant construction/ enlargement? There are many deals for warehousing and/or service companies. The plant projects whether expansion or new can be large transactions, but they don’t occur frequently as do your general industrial projects. The uses vary greatly on the East side from ship channel There is a lot of talk now in Houston about deals, rail requirement projects, high-tech manufacturing/testing facilities, distribution and laboratories. the East Side coming up just as the West Side – Energy Corridor is shrinking. It is After initially hearing big hope for Houston the old see-saw between upstream succoming from the completion of an enlarged cess and high prices and then low prices Panama Canal, I have recently heard less leading to mid- and down-stream success grandiose expectations. What is your take in chemicals, fertilizers, LNG, refining and on the larger canal’s effect on the Port of all of the other areas that do better when feed stock prices are lower. What is going Houston and the SE corner of the county? on in Southeast Harris County now to take There will be benefits long term, but the idea that there will be an industrial boom shortly after opening advantage of these low prices?

“

There is tremendous chemical plant expansion going on with new cracking units, well over $10 billion in new projects which will increase plastic production for domestic and export. There is good demand for new housing, both rental and home ownership.” There is tremendous chemical plant expansion going on with new cracking units, well over $10 billion in new projects which will increase plastic production for domestic and export. There is good demand for new housing, both rental and home ownership. Many support companies are relocating, expanding or consolidating operations in the Southeast market that services the plants there. What are some of the deals you have closed that you are proudest of in this part of the county? 28 | REDNews.com

is wishful thinking. Better economics in shipping cost will benefit not only Houston, but all of Texas and other states as well. Container activity continues to grow and Houston Port is the dominant port in the Gulf of Mexico. I didn’t think that will change in the year to come. However, the competition of other ports in the US with deeper draft water will create stiff competition. Also, the railroads will continue to try to maintain their market stream of container activity for the West Coast to Houston.

ABOUT KELLEY PARKER

Kelley Parker has 38 years of real estate experience representing corporate clients and institutions in their multi-tenant, office, and industrial facility requirements. He has an extensive background assisting clients with difficult site acquisitions/dispositions and lease negotiations. Mr. Parker is the senior partner of the Parker/Littman team, which is one of the top producing industrial and land teams globally within C&W. He is also a member of C&W’s Industrial Services Ports and Intermodal Strategy Group.

WORK EXPERIENCE

In 1990 Mr. Parker joined C&W, where he quickly became one of the company’s top-producing brokers. From 2001 to 2014, the team completed 805 sales and lease transactions valued at more than $1.385 billon. These assignments included more than 26.9 million square feet of improved properties and more than 61,586 acres of land. Mr. Parker began his real estate career in 1976. He was previously a Senior Vice President with The Horne Company, where he managed the industrial brokerage department. He received numerous production awards in recognition of his outstanding sales achievement.

REDNews

In your opinion is infrastructure-rail, highway, bridges-keeping up in this sector of the county? No, especially the rail capacity in the area. It takes too long to get rail cars out of the Houston area on their way to say Chicago. As the container port expands, I have always been a proponent to establish a third container port at Cedar Port where rail traffic could avoid the general Houston rail congestion. Roads will also need to keep improving and expanding. The completion of SH 99 connecting I-10 East to US 59 and I-45 will be a huge improvement scheduled for 2019-2020 for the Port and the East side in general.

Kelley and his catch

Do you have anything big in the works you can tell us about? After Cedar Crossing, it’s hard to come up with a real big project to compete with that sale. But our team is working on several projects both locally and in other states as well. Hopefully, we can talk about them soon. To get to the fun stuff, I understand you just bought a home near Beaver Creek, CO, and that you commute there each weekend in the summer. Can you tell us about the winter season as well, and about your family involvement in the early days of the development of the Vail area? Well, we still ski and try to take several trips during the ski season. We are always there for New years as that is where my wife Cindy and I had our first date coming up 36 years ago. Cindy has been in Vail skiing since it opened in 1962. My cousin and many of my father’s friends were the original investors in Vail; wish I had bought there 36 years ago!

CEDAR PORT

Cushman & Wakefield (C&W) today announced the sale of Cedar Crossing, a 10,897-acre industrial park near Houston. The transaction represents one of the single largest land sales in the history of the Houston area. C&W represented the seller, Cedar Crossing L.P., a partnership of area investors managed by Charles Iupe. The size of the property sold is equal to threefourths that of New York’s Manhattan Island.

(713) 922-8075

“This significant transaction is a convincing testament to the Park’s capabilities and infrastructural importance and a ringing endorsement of the Baytown/Chambers County area as an economic powerhouse,” said Kelley Parker, C&W Executive Vice President. “It’s amazing to have witnessed firsthand the growth of the Park, in 24 years, from simple pastureland to what it is today.” Kelley receiving the 2014 NAIOP deal of the year award for his team from Trammell Crow’s Aaron Thielhorn.

Aerial of Cedar Port

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 â&#x20AC;&#x2122; 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

2015 September Sunday

Monday

Tuesday 1

Wednesday 2

Thursday 3

Friday

Saturday

CCIM Central Texas 2nd Annual Golf Tournament All Day

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

IREM Austin Event Eventâ&#x20AC;ŚDetails to Follow 11:30am-1:00pm

14 CCIM Institute Commercial Real Estate Negotations All Day

CREW Austin Networking Luncheon & Presentation 11:30am-1:00pm

CCIM Central Texas Chapter Social 5:00pm-7:00pm

CCIM Institute User Decision Analysis for Commercial Investment 8:30am-5:30pm

29 CCIM Central Texas Networking Luncheon & Presentation 11:30am-1:00pm

17 CREW San Antonio CREWtini 2015 6:00pm-9:00pm BOMA Austin Monthly Membership Luncheon 11:30am-1:00pm CCIM Institute User Decision Analysis for Commercial Investment 8:30am-5:30pm

24 CTCAR Networking Luncheon & Presentation by Central Texas Regional Mobility Authority 11:30am-1:00pm

IREM Austin Learn @ Lunch: Elevators 101 11:30am-1:00pm

CCIM Institute User Decision Analysis for Commercial Investment 8:30am-5:30pm

IREM San Antonio GLOW BOWL 2015 2:00pm- 4:00pm

30 BOMA Austin Emerging Leader Series: Personal Brand & Business Etiquette 11:00am-12:30pm

FOR MORE INFORMATION VISIT REDNEWS.COM

NETWORKING CREW Austin

From Left:

Sarah Scott with S3

Creative Solutions & Terah Kelley from Sixth River Architects at the CREW July Luncheon. Helen Jobes of Capella

Commercial won 100 bottles of wine from CREW Austin!

CREW San Antonio August Luncheon

From Left: Aug8: Kate Silvas with the City of Converse Aug2: Cheryl Pyle, Christy Rhone, and

Laura Montgomery

Aug3: Carrie Caesar and Jackie Browning drawing the winner of the “Uncorking Professional Development” 100 Bottles of Wine Raffle

CTCAR Austin

Aug11: James Turcotte, Sr. VP of Real Estate for Whataburger, keynote speaker at the August 11 CREW San Antonio Luncheon

From Left:

Teresa Person of 1031 Exchange, Dale Glover

of Rainey Ventures,

Dr. Lawrence Yun,

NAR Economist

CTCAR is known for its property information exchanges as shown by flyers from recent event in Waco, Texas.

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

IF YOU WOULD LIKE TO SUBMIT YOUR PHOTOS TO BE FEATURED IN THIS SECTION CONTACT: BRISEHYDA MARTINEZ | BRI@REDNEWS.COM | 713 661.6300

NORTH TEXAS

2015 September Sunday

Monday

Tuesday 1

ULI North Texas NTCAR Texas Realtors Conference

BOMA Fort Worth Monthly Luncheon at Petroleum Club 11:30am-1:00pm

NTCAR Commercial Real Estate EXPO 4:00pm-8:00pm

ULI North Texas NTCAR Texas Realtors Conference

CREW DALLAS Networking Breakfast 8:00am-9:00am

Wednesday

22 CREW DALLAS Networking Happy Hour 5:00pm-7:00pm NT CCIM CCIM 104 at Addison Conference Center 8:30am

CCIM Institute Investment Analysis for Commercial Investment 8:30am-5:30pm

NT CCIM CCIM 104 at Addison Conference Center 8:30am

Friday

Saturday

ULI North Texas NTCAR Texas Realtors Conference

ULI North Texas ULI Young Leaders Group TBA BOMA Fort Worth Committee Meeting Membership 12:00pm

CREW DALLAS Monthly Luncheon 11:30am-1:00pm

Thursday

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

30 CCIM Institute Investment Analysis for Commercial Investment 8:30am-5:30pm NT CCIM CCIM 104 at Addison Conference Center 8:30am BOMA Fort Worth Volunteer Day @ RMH 4:00pm-8:00pm

NTCAR 3rd Quarter Membership Meeting 7:30am-9:00am BOMA Fort Worth Fall Event:TBA NT CCIM Luncheon at Park City Club 11:30am-1:00pm CCIM Institute September Luncheon 11:30am-1:00pm

CREW Dallas CCIM Institute Lunch & LearnAnalysis Civic for User Decision Involvement Commercial Investment 11:30am-1:00pm 8:30am-5:30pm

CREW Dallas The 2015 Outstanding Achievement Award Dinner 6:00pm

1 CCIM Institute Investment Analysis for Commercial Investment 8:30am-5:30pm NT CCIM CCIM 104 at Addison Conference Center 8:30am

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? SPONSORSHIP OPPORTUNITIES START AT $750.

Visit the CREW-Dallas.org website for more information or call the CREW office at 214.890.6490

commercial real estate women

North Texas CCIM

NETWORKING CREW San BOMA Dallas Antonio “Bring August Your Team” Luncheon July Luncheon

From Left:

Mark Wilshire, Peloton and Mark Slicker,

Terracare

Erin Donovan, Keely Carter, Becca Rowland, Erin O’Brien Stacia Garvin, CBRE, Cathy Kuebler, CBRE

BOMA Dallas July Bowling Tournament

From Left:

Janet Dempsey,

American Restoration, Katina Comeaux, Cousins Properties Andy Taylor, Parmenter, Steve Broom, Fujitec

Americas

CREW San North Texas Antonio CCIM CI August 101 Course Luncheon at the Addison Conference Center July

From Left: CI 101 at the Addison Conference Center July 27-30 with over 30 students Sean Reynolds, Cassandra Elder, and Adam Tafesse

smile for the camera during a class break Students listen in to the CI 101 Class at the Addison Conference Center in Dallas, July 27-30

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

IF YOU WOULD LIKE TO SUBMIT YOUR PHOTOS TO BE FEATURED IN THIS SECTION CONTACT: BRISEHYDA MARTINEZ | BRI@REDNEWS.COM | 713 661.6300

SOUTHEAST TEXAS

2015 September Sunday

Monday

Tuesday 1

Wednesday 2

Thursday 3

Friday

Saturday

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

NAIOP Luncheon: Insight into the Changing Political Environment... 11:00am-1:00pm

14 CREAM Luncheon 11:00am-1:00pm RICH Toastmasters 7:00pm-8:45pm

FBSCR Meeting 8:00am-9:00am

BOMA Houston Luncheon 11:30am-1:00pm ULI Houston 5th Annual Sporting Clay Classic 12:00pm-6:30pm Houston CCIM Luncheon 11:30am-1:00pm

HRBC Commissioner Steve Radack To be posted BACREN Luncheon; Speaker Ted Jones 10:30am

RICH Kiyosaki’s Cash Flow Game Night 7:00pm-9:45pm

AAREA September Luncheon 11:30am-1:00pm

CREN CREN Luncheon 11:00am-1:00pm

CREN CREN Marketing Session To be posted

O’Connor & Associates Office Forecast Luncheon at H.E.S.S. Club 11:30am-1:00pm

ACRP Breakfast Meeting Speaker TBD To be posted

Houston BOMA Open Carry Law and Legislative Seminar 8:00am-10:00am

CREN CREN Happy Hour To be posted

RICH Main Event and Trade Show 8:30am-12:00pm

Your real estate de

Count on a CPM® professio

CPM®

For o turn

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

FOR MORE INFORMATION VISIT Networking

Educat ion

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

Technology

CCIM Course Scholarships CI 101, CI 102, CI 103, CI 104

IREM AUSTIN PRESEN

NETWORKING ACRP August Breakfast and July Happy Hour

From Left:

Pat Pollan, Rich Harsch, Abe Goren at

ACRP’s July Happy Hour Patsy Fretwell, HAR and Speaker Ted Jones,

Stewart Title at ACRP/ SIOR August Breakfast

CCIM Houston

IREM Houston School Supply Drive for Yellowstone Academy

From Left: Current and past Houston Gulf Coast CCIM Chapter presidents picked up by Bob Watson, past president, in a limo for lunch to hear about Cost Segregation at the organization’s August Luncheon.

From Left: IREM members after organizing the thousands of supplies donated! (Left to right: Ashley Simien, Kim Peck, Diane Martin, Christy Cobb.) Committee Chair Ashley Simien (left) helped deliver all of the donations to Yellowstone Academy on Friday August 7.

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

IF YOU WOULD LIKE TO SUBMIT YOUR PHOTOS TO BE FEATURED IN THIS SECTION CONTACT: BRISEHYDA MARTINEZ | BRI@REDNEWS.COM | 713 661.6300

DEALS & ANNOUNCEMENTS

Quinn Gomley

Central/South Texas Austin/San Antonia Areas

AUSTIN, TX Dormitory Sale:

condo & commercial project on 2.2 acres at Fourth U Chicon Street. The project will include 97 residential units and 42,000 SF of commercial space to be completed by fall 2015.

An $8 million office, retail & condominium development one block west of S. Congress Avenue & West Elizabeth Street is in the planning stages. The project will include 7000 SF of retail,14,000 SF of office and up to five condominium units.

Industrial Lease:

Advantage Supply leased 12,500 SF at 4211 Todd Lane. Brenda Horton, an independent broker, represented the landlord, Todd Lane Business Park, and Greg Gaynor with Centric Commercial represented the tenant.

Multi-Family Construction:

McCann Realty Partners is constructing a 156-unit project at 2401

Grove on an 18 acre site at the corner of Grove Blvd & Montopolis Drive.

Denver-based Griffis Residential purchased Falcon Ridge, a 296-unit project at 500 E. Stassney Lane. This is the buyer’s fourth investment in Austin.

Office Lease:

Software make Spiceworks Inc. has relocated from a 56,000 SF space near RR 2222 to a 95,000 SF office in Westlake Hills near Capital of Texas Hwy.

Office Sales:

8007 Burnet Holdings LLC purchased the 21,558 SF building at 8007 Burnet Road from Br-T Properties LP. Ron Meyeres & Brenton Meyeres of Capitol Leasing & Management represented the seller and Neil Stokes with Special Agent Group represented the buyer.

Dallas-based Velocis sold Arboretum Atrium, a 91,083 SF building located at 9727 Great Hills Trail and Las Cimas I, a 82,787 SF building located at 804 Las Cimas to private equity firm Wedge Group.

Office/Flex Sales:

Karlin Real Estate sold a 302,604 SF industrial building at 13201 McCallen Pass to General Motors to complement their existing Austin IT Innovation Center. Mark Emerick & John Barksdale of CBRE represented the seller and AJ Weiner, Liz Ticker & Jake Ragusa of JJ represented the buyer.

Karlin Real Estate sold Parmer 6.2, a 292,000 SF office/flex building located at 301 Howard Lane to Casa Marco.

Retail Lease:

Saks Fifth Ave. OFF 5th has leased 50,000 SF at Gateway Shopping Centers on Research Blvd. at SH 183 & Capital of Texas Hwy. Gateway Shopping Centers is anchored by Wholes Food Market Inc.

Retail Sale:

RioCan Real Estate Investment Trust paid $19 million for the

Emerald Realty founder Michael Moore has joined San Antonio’s Rohde, Ottmers & Siegel Realty as an office, brokerage & leasing specialist.

Stratus Properties Inc. is buying Canyon-Johnson’s 58% share

of Block 21 in downtown Austin. The property houses W Austin Hotel and Residences & the Austin City Limits at the Moody Theater entertainment venue. An unidentified buyer purchased 18.4 acres at 800 CR 108.

Michael Sanchez of Dan Quick & Associates Inc. represented the unidentified seller and Brently Brinegar of Brinegar Properties represented the buyer.

BUDA, TEXAS Vacant Land Sale:

ATX Fence Supply purchased 7.5 acres at the I35 frontage road & Circle Drive. Josh Hubka & Perry Horton of REOC Austin represented the seller, Cotton Development2. (Horton is now with Lead Commercial.)

KYLE, TEXAS Master-Planned Community:

Clark Wilson Builder Inc. purchased Nance Ranch, a 673-

acre tract near Kyle, Texas for the development of a master-planned community. The property has frontage on FM 150 about one mile west of RR 2270. The community will be named Anthem and homes are slated to be ready in 2016.

MCALLEN, TEXAS Industrial Sale: Canada-based Dalfen America Corp has purchased four industrial buildings totaling 635,752 SF in the 1200-acre Sharyland Business Park.

ROUND ROCK, TEXAS Vacant Land Sale: 1704 Chisholm Trail LP purchased 14.1 acres at 1704 Chisholdm Trail in Round Rock. Jerry Heare with REOC Austin represented the sellers, Gary Peterson, Barbara Caldwell and Nancy Olsen and Ben Edelstein with Kenny Dryden Investments represented the buyer.

SAN ANTONIO, TEXAS Industrial Lease:

Community Veterinary leased 3530 SF at 5715 Rittiman Plaza. Lindsay Meche Kopplow & Michael Kent with Stream Realty represented the landlord and Josh LiFico with Newmark Grubb Knight Frank represented the tenant.

Office Construction:

Fulcrum Development is building a six-story, nearly 165,000 SF

Vacant Land Sale:

Wal-Mart Stores Inc. sold 1.46 acres of its Wurzbach Parkway property to Dallas-based Weitzman Group. The additional land will become part of a 12,000 SF retail center, Parkway Oaks, that is being developed by Cencor Realty, Weitzman Group’s development arm.

Tier REIT purchased two Class A office properties containing

332,000 SF at The Domain & a partnership interest in two additional offices totaling 337,000 SF plus a fee simple ownership partnership of more than 24 acres of developable land all within The Domain. The seller was Deutsche Asset & Wealth Management.

Michael Moore

Carroll Capital Investments LLC purchased 13.4 acres on E. Parmer Lane west of Dessau Road. Kent Taylor with REOC Austin represented the seller, Weal Development and Kurt VanderMeulen with REOC Austin represented the buyer.

U.S. Real Estate Investment Fund LLC (US REIF) has acquired

Burnet Flats, a 179 unit project at 5453 Burnet Road. The property includes 2,853 SF of retail space.

Matt Teifke has joined EDGE Realty Partners in Austin as an Associate.

Vacant Land Sale:

Capsa Ventures LLC is planning Fourth &, a 130,000 SF residential

Multi-Family Sale:

Matt Teifke

New York city-based firms Carlton Strategic Ventures & The Modlin Group sold the largest privately owned, 322- room /retail

center/parking garage at University of Texas to San Francisco-based Fowler Property Acquisitions. Brian Kelly of HFF brokered the transaction for the seller.

Mixed Use Construction:

Quinn Gomley has joined Cohn Reznick’s Austin office as director, real estate consulting.

office building in Landmark Centre located at the SEC of I10 & Loop 1604.

SOUTH TEXAS Skilled Nursing Sale: California-based Granite Investment Group has acquired five

skilled nursing facilities in South Texas via two separate off-market transactions totaling $90.1 million. The five properties, totaling 684 beds are leased to Senior Care Centers LLC.

Stassney Heights , 103,000 SF retail center at 5510 S. I35. The property was purchased from General Electric Capital Corp and Thackeray Partners.

38 | REDNews.com

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

DEALS & ANNOUNCEMENTS

William Jarnagin

Michael Ware

Taylor Hill

North Texas

Dallas/Ft. Worth Areas Michael Ernst

ALLEN, TX Office Construction:

Allen-based development firm, JaRyCo, is constructing a threebuilding, Tech Center Complex near Bethany Drive & Greenville Avenue. The initial building will be 94,000 SF.

ARLINGTON, TX Master Planned Community Sale:

Office Construction:

The Johnson Development Corp of Houston & Toronto-based Tricon Capital Group Inc. have purchased Viridian, a 2083 acre, master-planned community in Arlington from CrossHarbor Capital Partners of Boston.

Arlington and will build a 150,000 SF, $20 million campus on the I30 frontage Road, just east of Collins Street.

DALLAS, TX Multi-Family Sale:

CBRE Strategic Partners US Value 7 has acquired BLVD, a

Office/Retail Sale:

Granite Properties purchased West End Marketplace & plans to

Office Sale:

417-united project at 5600 SMU Blvd.

redevelop the property for corporate tenants and new restaurants. The seven-story, 237,000 SF building is located south of Woodall Rodgers Freeway on Munger Avenue.

DFW AIRPORT, TEXAS Industrial Construction:

Hillwood Investments & Perot Development Company will

build four new distribution centers at the DFW International Airport. Logistics Center II will include 1,015,560 SF & three additional buildings will include between 115,500 SF up to 144,000 SF.

FLOWER MOUND, TEXAS Retail Sale:

Office Construction:

office project to house approximately 8,100 people at its current corporate campus at 600 Hidden Ridge.

PLANO, TEXAS Office Sale:

Texas Instruments plans to sell its 84-acre Spring Creek campus

Retail Sale:

Pierson Retail Advisors sold Ruisseau Village, a 124,567 SF center

Vacant Land Sale:

Green Brick Partners purchased 17.3 acres within the $900

Van Trust Real Estate acquired 164 acres at the Ridge Logistics Center, 342 Lancaster, from Ridge Development & Prudential Financial. The site will be developed with approximately 2.5 million SF of industrial space. Geoff Meyer represented the seller and Jack Fraker of CBRE represented the buyer.

at the NWC of West Parker Road & North Central Expressway to an undisclosed California buyer. The seller was West Plano Retail, LLC .

million Heritage Creekside development for the construction of 135 home sites. The project is located near the intersection of North Central Expressway & President George Bush Turnpike.

Office Construction:

Newport BeachCA-based Buchanan Street Partners purchased a two-building office complex totaling 238,301 SF located at 3001 & 3101 E. President George Bush Turnpike.

Office Lease:

Avnet, Inc. leased 36,562 SF at Richardson Office Center I at 2101 E. President George Bush Turnpike. John Aldrich of The Aldrich Group represented the tenant and Byron McCoy of Younger Partners represented the landlord.

Office Sale:

Q Real Estate Holdings LLC, the real estate affiliate of Fort Worth-based Q Investments, purchased 2400 North Glenville, a

388,600 SF campus in Richardson originally built for Verizon who will stay in the property until the 4th Q of 2016.

SOUTHLAKE, TEXAS Hotel Construction:

Cambria Southlake is a 175-room hotel & conference center being built in Kimball Park, which is a mixed-use development on 15.5 acres at the NWC SH 114 & Kimball Avenue. The project will also include a 96,00 SF office building, 3 restaurants, a coffee shop & retail space.

WILMER, TEXAS Industrial Construction:

LEWISVILLE, TEXAS Industrial Construction:

in East Plano which includes a 301,814 SF office campus at 6550 Chase Oaks Blvd.

RICHARDSON, TEXAS

LANCASTER, TEXAS Industrial Construction:

Stream Realty Partners purchased a 28-acre tract at the corner of I35W & Stake Highway 114 for construction of Farmer Brothers Company’s new headquarters facility. Northport 35 is Stream’s new

three building, 945,000 SF spec industrial project.

Mound, a 169,447 SF center for $45.7 million.

Verizon is reportedly in discussions with KDC to construct a large

Paul Vernon has joined Crest Commercial Real Estate as Director of Retail Development.

NORTHLAKE, TEXAS

InvenTrust Properties Corp purchased The Highlands of Flower

IRVING, TEXAS

Paul Vernon

retail center located at 7520-7640 NE Loop 820 for $6,325,000. Brad Cruickshank, Trip Green & Randy Bell of The Woodmont Company represented the seller, a subsidiary of LNR Partners LLC.

GlenStar Properties & USAA Real Estate Company purchased

Energy Square, a three-building, 948,678 SF complex at 4925 & 4849 Greenville Avenue and 6688 N. Central Expressway. The sellers were Lincoln Property Company, Champion Partners & Long Wharf Real Estate Partners, represented by HFF.

Burson Holman has joined Granite Properties as its new leasing manager.

Retail Sale: The Woodmont Company sold North Hills Village, a 188,856 SF

Industrial Construction: Burlington Coat Factory leased 48,000 SF at The Market at Cedar Hill located at US Route 67 & S. Belt Line Road. Mason Bishop with Transwestern Dallas represented the landlord and John Graul with Eleven Eleven Commercial Realty represented the tenant.

Burson Holman

NORTH RICHLAND HILLS, TEXAS

D.R. Horton plans to move its headquarters from Fort Worth to

CEDAR HILL, TX Retail Lease:

Michael Ernst has joined CBRE Capital Markets’ Debt & Structured Finance team as Senior Vice President.

William Jarnagin, Michael Ware & Taylor Hill are joining Berkadia as senior directors.

EastGroup Properties, Inc. has purchased a 28.1 acre site for

the development of four Class A industrial buildings totaling 350,000 SF. The project CreekView 121 has access to TX 121 and is in close proximity to I35E.

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

Cadence McShane Construction is starting construction on Phase 1 of Southport Logistics Park, a new 531-acre master-planned industrial park from the JV between Port Logistics Realty & Diamond Realty Investments, a wholly owned subsidiary of Mitsubishi Corp. Five buildings will be constructed during Phase 1 of the 9 million SF development. The project is located within the Inland Port area, off I45 in Wilmer, Texas.

REDNews.com | 39

DEALS & ANNOUNCEMENTS

Ian Boyd

Southeast Texas Houston Area

BAYTOWN, TX Industrial Sale:

Retail Redevelopment:

An affiliated acquisition partnership of Fidelis Realty Partners plans to redevelop the 1.2 million SF San Jacinto Mall at the SWC of I10 & Garth Road. All or a large portion will be demolished & rebuilt with a 1 million SF open-air center.

CYPRESS, TX Retail Lease:

Boardwalk in Towne Lake, located at the NWC of Barker Cypress & Tuckerton. Tenants include Mod Pizza, World of Beer, Jaxton’s, Taisho, Land of a Thousand Hills, Orangetheory Fitness, Nails of America, Reserve Salon & Spa, Massage Heights, Texas Children’s Pediartrics & Copper Creek Orthodontics.

The Brock Group, an industrial services company, leased 38,260 SF in the Deerwood Glen Business Park. Bryant Lach, Mark O’Donnell & Derrell Curry of Savills Studley represented the tenant and Charlie Christ of Clay Development represented

HOUSTON, TX Warehouse Associates leased 20,250 SF to Capital Cartridge, LLC at 9702-B Wallisville Road in the Wallisville Industrial Park. William Rudolf & Ria Safford with CBRE represented the tenant and David R. David & Lee Paris of Warehouse Associates

represented the landlord.

PRCI, a nonprofit research organization, has signed a 21,500

SunnySky Products, a leading beverage manufacturer &

Industrial Sale:

CenterPoint Properties purchased fully-leased properties at 8501

SF/8500 SF build-to-suit lease at 6410 Langfield Road in Northwest Crossing Industrial Park in the Highway 290 corridor. Lane Guinn of JLM Commercial Advisors represented the tenant and Dan Zoch of The Carson Cos. represented the landlord. distribution company, leased 188,752 SF in DCT Industrial Trust’s DCT Northwest Crossroads development at 11747 Windfern Road. Jason Dillee of DTZ represented the tenant and Will Hedges represented the landlord. North Loop East & 8700 Wallisville totaling more than 240,000 SF on 11 acres. Jack Fraker, Joah McArtor & Heather McClain of CBRE represented the buyer.

NAI Partners negotiated the sale of a 79,444 SF multi-tenant

Office Construction:

MetroNational plans to begin developing a 240,000 SF office

Office Leasing:

Ignite Restaurant Group, the parent company to Joe’s Crab

Shack & Brick Houston Tavern+Tap leasead the 49,024 SF building located at 10555 Richmond. Scott Covington of S.E. Covington & Company represented the tenant and Marci Phillips & Michael Sieger of PM Realty Group represented the landlord.

Zachry Engineering Corp leased 48,500 SF at Westchase Park II, 3600 W. Sam Houston Parkway. Kevin Hodges of Savills Studley represented the tenant and Wade Bowlin, John Spafford & Allie Hubbard of PM Realty Group represented the landlord.

Office Management/Leasing:

Tarantino Properties, Inc. has been awarded the management & leasing for three properties including Clear Lake Professional Building, Atascocita Center & The Village at Mansfield located in Houston, Humble and Mansfield, TX, respectively.

Office Sale:

Regis Property Management LLC, an affiliate company of Dallasbased Pillar Income Asset Management Inc., bought the six-story

building at 770 S. Post Oak Lane.

the landlord.

Industrial Lease:

the landlord.

Caldwell Companies has preleased approximately 65% of The

DEER PARK, TX Industrial Lease:

Medical Research Consultants leased 28,861 SF at Richmond Centre, 10550 Richmond. JLL’s Louis Crapitto represented the tenant and Marci Phillips & Michael Sieger of PM Realty represented

Cedar Port Industrial Park, located across the Houston Ship

Channel from the Barbours Cut & Bayport container terminals, sold 50 acres & an existing 312,000 SF warehouse to Venezuela-based PBP Inc. Trans-Global Solutions Inc. sold the property and was represented by John Ferruzzo, John Simons & Joel Michael with NAI Partners.

industrial property at 16745 North Freeway on I-45 between FM 1960 & Richey Road. Doug Pack & Josh Lass-Sughrue of NAI represented the seller. building in the vicinity of the NWC of Gessner & I10. CEMEX’s US hdqtrs will anchor the 6-floor building at 10100 Katy Freeway.

The Richland Cos., purchased the 58,000 SF, 550 Post Oak building which is 85% leased . CEO Edna Meyer-Nelson said they had sold their building at 1110 N. Post Oak Lane to Awty International School and will renovate and occupy 6000 SF at the

new location.

David Denenburg & John Deal purchased the 55,000 SF Cheek Neal Coffee Building at 2017 Preston at St. Emanuel from Tour Partners Ltd. The building will be restored.

Retail Lease:

Goody Goody Liquor Inc. leased the 20,000 SF former Whole Foods space at 6401 Woodway Drive. Greg DeGeorge represented the landlord, DeGeorge Properties LLC & Joe Jansen,

owner of Goody Goody Liquor represented his company.

Vacant Land Sale:

Boxer Property leased 67,504 SF at 14405 Walters Road to a financial services firm. Brian Hines, Trey Miller and Alex Kakhnovets represented the landlord and Rich Pancioli, Peter Livaditis and Ian Murphy of CBRE represented the tenant.

4 0 R E D N e w s D e a l s & A n n o u n c e m e n t s

Texas Tile Manufacturing LLC, an affiliate of Tarkett USA Inc.,

sold 21 acres at 1705 Oliver Street for a reported $40 million to Summer Street Retail LP, a business entity backed by Gulf Coast Commercial Group. Mike Boyd and Conrad Bernard with Boyd Commercial/CORFAC International represented the seller.

KATY, TX Vacant Land Sale:

John S. Beeson, Trustee purchased 73.19 acres on Katy Hockley Road north of Beckendorff Road from Craig Calvert. The seller was represented by Mark Kidd, Sr. & Mark Kidd, Jr. of M Kidd Properties, Inc.

LAPORTE, TX Industrial Lease:

Fluor Enterprises, Inc. leased 6.253 acres of industrial land at Bayport North Industrial Park II, “0” Underwood Road from Park Underwood, LLC. Kelley Parker, III, John Littman, & Tim Thomas of Cushman Wakefield represented the landlord & Coe Parker of Cushman Wakefield represented the tenant.

PEARLAND, TX Office Construction:

Senterra Real Estate Group plans to build a 16-story tower at

3003 Louisiana on one square block that includes a vacant lot & the former Van Loc Vietnamese restaurant. They will begin construction when the building is approximately 50% pre-leased.

The Signorelli Company named Ian Boyd as division president of land development.

The developer of Pearland Town Center is adding a 60,000 SF office building to their 1.2 million SF development. It is located at SH288 & FM 518. Lilly Golden, president of Evergreen Commercial Realty is handling the leasing.

SUGAR LAND, TX Mixed Use Development:

Sueba USA Corp is planning a 270,000 SF mixed-use project

named Imperial Market in Sugar Land. It will include retail, office residential and hospitality and is tentatively planned to break ground in 2015.

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

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ICSC TEXAS CONFERENCE & DEAL MAKING November 4 – 6, 2015 Kay Bailey Hutchison Convention Center Dallas, TX #TexConf

Conference Highlights: H H

ICSC’s 5th largest Deal Making Conference Make deals and network with over 3,000 retailers, owners, developers, brokers and municipalities Introducing ICSC’s NEW Retailer Program and Retailer Central offering complimentary participation

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HOUSTON LAND FOR SALE Prime Inner Loop Site | 41,700 SF on +/- 3.63 Acres 7122 Old KatyI Road N V E S T M E

N T

North Houston I-45 Frontage | +/- 33 Acres

17000 O P P O R TInterstate U N I T45YNorth (Just South of FM 1960)

+/- 33 Acres +/- 3.63 Acres

Shenandoah I-45 Frontage | +/- 2.2 Acres Located at I-45 and Hwy 242 +/- 2.2 Acres

JEFF LINDENBERGER, SIOR Principal 713.993.7176 jeff. lindenberger@avisonyoung.com

THOMAS MONAGHAN Senior Associate 713.993.7136 thomas.monaghan@avisonyoung.com

Development Opportunity | +/- 1.26 Acres 5656 San Felipe (NEC at Chimney Rock) +/- 1.26 Acres

TODD MASON, CRE, SIOR Principal 713.993.7179 todd.mason@avisonyoung.com