REDNews December 2013 SE Texas

5847 San Felipe, Suite 4675 | Houston, Texas 77057 | Tel: (281) 248-8060 www.lpchouston.com

4477 W. Sam Houston Parkway N.Clay @ Beltway 8

Up to 256,000 RSF Available

A Development of: J.A. Billipp Company

15011 Katy FreewayEnergy Corridor

The Pines Business ParkThe Woodlands


6,000 - 40,000 SF Available

Leasing | ProPerty ManageMent | ConstruCtion ManageMent & DeveLoPMent

NatioNal PreseNce, local FocusLPC HOUSTON, TEXAS

Exterior RenderingsPARK ROW scale: job#:13013NTS 11.11.13issue date:

COPYRIGHT C 2008 O'BRIEN THESE DRAWINGS, OR PARTS THEREOF, MAY NOT BE REPRODUCED IN ANY FORM, BY ANY METHOD, FOR ANY PURPOSE, WITHOUT PRIOR WRITTEN CONSENT FROM O'BRIEN & ASSOCIATES, INC.]www.obrienarch.com

16200 Park RowEnergy Corridor


December 2013

In this issue:

The Shale Revolution

Industrial & OfficeDevelopment Boom

FOR 100,000+ CRE BROKERS,INVESTORS & DEVELOPERS

Corey [email protected]

IN CONTRACT/DEVELOPMENT2 Multi-family Sites (600 Units)

Senior Living Site (150 bed)72 Bed Hospital

24 Bed Specialty HospitalNational Childcare Facility

Sam’s Club

PROPOSED OFFICE• 6 Buildings (25k SF/Floor)• Over 800,000 SF Proposed• Tiltwall 2-4 Stories• Lake/Park Amenities

L O C AT E D AT P E E K R OA D & W E S T PA R K T O L LWAY

Mixed Use developMent opportUnitiesEXCELLENT

WestDistrictA We s t H o u s t o n M i x e d D e v e l o p m e n t

Retail and Office Pad SitesAvailable

ProposedLive, Work, Play

Development

F o r M o r e I n f o r m a t i o n C o n t a c t :

PROPOSED RETAIL• Over 1,000,000 SF Proposed• Pad-Sites (Sale/Lease)• Pre-Leasing 25,000 SF Now• AGGRESSIVELY SEEKING

RESTAURANTS

PEEK ROAD

NOW PRE-LEASING

Excellent Office & Industrial Space

Bldg RBA: 218,488 RSFAvailable SF: 25,019 RSFRental Rate: $17.00 per RSFQuoted TI: $12.00-$20.00 per RSF (dependent on lease term)Opex: $11.71 Est.Parking: Parking Ratio - 3.5/1,000 SFReserved Rate: $65.00 per space per monthUnreserved Rate: $35.00 per space per month

Bldg RBA: 166,720 RSFAvailable SF: 9,255 RSFRental Rate: $15.50-$16.50 per RSFQuoted TI: $12.00-$20.00 per RSF (dependent on lease term)Opex: $9.79 Est.Parking: Parking Ratio - 3/1,000 SFReserved Rate: $50.00 per space per monthUnreserved Rate: $35.00 per space per month

Frost Bank Building - 10333 Richmond Columbia Centre - 11011 Richmond

Bldg RBA: 327, 404 RSF

Available SF: 40,283 RSF (2nd Floor)

Rental Rate: $24.50 per RSF (NNN)

Quoted TI: $40.00 per RSF (minimum of a ten yr term)

Opex: $10.75 Est.

Parking: Parking Ratio – 3.75/1,000 SF

Reserved Rate - $75.00 per space per month

Unreserved Rate – No charge

Energy Crossing II - 15011 Katy Freeway

Kevin E. [email protected]

281-248-8062

Virgil [email protected]

713-661-7800

Virgil [email protected]

713-661-7800

Bldg RBA: 256,000 RSFAvailable SF: 256,000 RSF Rental Rate: $25.00 per RSF (NNN)Quoted TI: $40.00 per RSF

(minimum of a ten yr term)Opex: $9.50 - $11.00 Est.Parking: Parking Ratio – 4/1,000 SF Reserved Rate - $75.00

per space per month Unreserved Rate – No charge

4477 West Sam Houston Parkway North


281-248-8062

Brandon [email protected]

281-248-8063

Bldg RBA: 300,000 RSF Available SF: 300,000 RSF Rental Rate: $19.00 per RSF (NNN)Quoted TI: $40.00 per RSF (minimum of a ten yr term)Opex: $9.50 Est.Parking: Parking Ratio – 5/1,000 SF Reserved Rate - $75.00

per space per month Unreserved Rate – No charge

Park Ten Center - 16200 Park Row


281-248-8062


281-248-8063

The Pines Business Park - Phase II


281-248-8062


281-248-8063

Bldg RBA: 142,065 RSF

Available SF: 142,065 RSF

Rental Rate: $6.00 - $10.00 per RSF (NNN)

Quoted TI: $8-$20 per RSF

Opex: $2.57 Est.

Parking: Parking Ratio – 3.75/1,000 SF

Reserved Rate - $75.00 per space per month

Unreserved Rate – No charge

National Presence, Local Focus5847 San Felipe, Suite 4675 | Houston, Texas 77057 | Tel: (713) 661-7800 | www.lpchouston.com

A Development of J.A. Billipp

LPC HOUSTON, TEXAS

Exterior RenderingsPARK ROW scale: job#:13013NTS 11.11.13issue date:

COPYRIGHT C 2008 O'BRIEN THESE DRAWINGS, OR PARTS THEREOF, MAY NOT BE REPRODUCED IN ANY FORM, BY ANY METHOD, FOR ANY PURPOSE, WITHOUT PRIOR WRITTEN CONSENT FROM O'BRIEN & ASSOCIATES, INC.]www.obrienarch.com

mailto:[email protected]









4 R E D N e w s . c o m

Tab

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Texas Industrial & Office Development ReportsAustin 26 - 27

Dallas/Ft. Worth 24 - 25

Houston 22-23

San Antonio 28-29

Ray’s BUZZ 30

Last Page: Commercial Real Estate Business Fundamentals 42

Properties for Sale/Lease 1-3, 5, 7 – 9, 13, 15, 17, 19, 21, 31, 41, 43

Commercial Services Environmental Services 21

What’s Happening in Texas CRE People on the Move 33

Calendar of Events 34-35

Networking Photos 36-37

Deals & Announcements 38-40

Texas Industrial Market Interviews A Sudden Uptick in Demand 10 – 11

Industrial Real Estate on the Move 14

‘take care of the client’ 16 -17

The Shale Revolution 18, 20

Fred Hartman BridgeHouston Ship Channel

VISION | MOBILITY | BEAUTIFICATION | SAFETY | AMENITIES

Amenitiesare the fuel to

keep us growing.

Westchase District is an ideal environment for growth. We have new Class-A

businesses need to attract a competitive workforce: luxury apartments and townhome communities, private and public schools, higher education, banks, health clubs, medical services, and award-winning restaurants.

To learn more about how the Westchase District is creating a positive environment for business, visit westchasedistrict.com/vision.

713-780-9434 WESTCHASE. WHERE BUSINESS IS MOVING.

6 R E D N e w s . c o m

Dear Readers,I just reread what I wrote in the December 2012 issue and am once again reminded what a difference a year can make. Last year we were cautiously optimistic about the beginnings of a CRE turnaround and this year we’re in the middle of the “Texas Shale Rush” which is making Texas the energy capital of the

world. How comforting it is to begin thinking that the majority of our fuel will be “Made in USA” or better still, “Made in Texas”!

The ICSC Texas’ Dealmakers Conference several weeks ago was the best of any I have ever attended from the standpoint of watching deals happen. Everyone was busily moving from one meeting to another transacting business and if there was any complaint, it was “so many opportunities – so little time”.

This month in REDNews we have focused on office & industrial development throughout Texas. We easily filled eight pages with Texas office & industrial projects that have recently been completed, are under construction and/are planned/proposed and this doesn’t include recent land transactions that have occurred for the purpose of commercial development! (see pages 22-29).

Next month we’ll expand our research to include additional availability & investment/development opportunity in Texas beyond the office & industrial markets, so stay tuned for the January 2014 issue. If there is something you would especially like to see in that issue, please let me know.

Hope you all have a wonderful holiday season!

All my best,

Pu

blis

her

’s L

ette

r

PUBLISHER

Ginger Wheless [email protected]

EDITOR Marjorie Gohmert [email protected]

STAFF WRITER Janis Arnold

CONTRIBUTING WRITERS Ray Hankamer [email protected]

Austin - Rosalie Keszler San Antonio - Suzanne ScottNorth Texas - Amy Sorter

ART DIRECTOR Connie Marmolejo - [email protected]

ACCOUNTING Benton Mahaffey [email protected]

DATABASE MANAGER Jason Marshall [email protected]

SALESGinger Wheless [email protected]

Print & Digital DistributionREDNews is directly mailed each month to commercial real estate

brokers, investors & developers in the following cities /areas as well as 200+ locations throughout Texas:

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

Texas Investors 4,979Texas Developers 4,710

Outside Texas Investors, Brokers, Developers, etc 81,577Total redNews Distribution 105,148

REDNews Has Gone Green Using Recycled Content

To subscribe to redNews call 713.661.6300 or log on to www.redNews.com/free

5959 West Loop South, Suite 135Bellaire, Texas 77401

F O R 1 0 0 , 0 0 0 + C R E B R O K E R S , I N V E S T O R S & D E V E L O P E R S

NOW LEASING | 8313 Southwest Freeway

Up to 25K open concept space ideal for school/engineering firmsVisit the new Center website for all the amenities, photos and floor plans! thencenterbuilding.com

Kris Lilly| [email protected]

Personalized Service. Proven Results.

www.tarantino.com

450 N. Sam Houston Pkwy Airport Office Building | For Sale or Lease

450 N. Sam Houston Pkwy, Houston, TX• Up to 3,042 SF Available• Located just 15 minutes from George Bush Airport• Covered Reserved Parking Available• Monitored After-Hour Card-Key Access System

8031 Airport Boulevard, Houston, TX • Excellent Owner/User Purchase Oportunity• Full Building Available - 33,854 SF• Just Across from Hobby Airport• Great Location - Perfect Combination of Local Access

and Global Reach• Building Identity Available

Eric Ohlson | [email protected] Peggy Rougeou | [email protected]

De Zavala

12770 Cimarron PathSan Antonio, TX 78249• 3,000-10,000 SF, office & biomedical

space available

• Generous tenant finish-out allowance

• Northwest location with easy access to I-10 & 1604

601 E. Main Street

601 E. Main | Alice, TX• Rare Opportunity for well-established bank space• Class A space• Separate ATM Pad Site with 11 Lane Motor Bank• Exceptional deposit base estimated at $180-$210M• 13,722 SF 1st floor• Individual Offices Available

Larry Vickers | [email protected] Coni Jenkins| [email protected]

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

San Antonio Office:12770 Cimarron Path St. 122San Antonio, TX 78249(210) 212-6222

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

Personalized Service. Proven Results.

www.tarantino.com

Woodland Hills (Frontage)

11603 Sam Houston PkwyHumble, TX 77396 | $1.9M ($21.81/SF)• NW Corner of the intersection of

N Sam Houston Pkwy & Woodland Hills Pkwy

• 2.00 Acres or 87,120 SF

• Prime Commercial Land - Humble, TX

Ella Plaza

1319 FM 1960Houston, TX 77090 | $5.9M• 2005 Construction• Strong Tenancy• 5.86% Actual Cap Rate at 61% Occupancy• NOI $345,987.20 Acutual

Larry Vickers | [email protected]

1 0 R E D N e w s . c o m

According to Mike Berry, industrial activity at AllianceTexas’ Alliance Global Logistics Hub in 2012 was trucking along, with existing customers extending and renewing their leases.

Then, beginning in Q4 2012, all heck broke loose.

“We made two build-to-suit leases for Amazon, more than one million square feet at AllianceTexas and the same in Coppell, north of DFW Airport on a site we own,” says Berry, president of Hillwood Properties. Hillwood is the developer of the 18,000-acre-master-planned, mixed-use AllianceTexas, located in North Fort Worth.

Following on the heels of the Amazon deal, Wal-Mart Stores Inc. came to Alliance during the middle of 2013 to take-down approximately 800,000 square feet for a new e-commerce fulfillment center. At the same time, Motorola Inc. wanted about 500,000 square feet at Alliance to assemble its new Moto X smart phone.

The result? “We had more than 3 million square feet of space absorbed within a six-month period, either through construction or expansion,” Berry remarks.

The activity, which left Alliance’s industrial component at 95% capacity, prompted Hillwood to launch construction on Alliance Center North 1, a 1.2-million speculative industrial facility. But

the project, which is still under construction, didn’t remain speculative for long. LG Electronics signed a lease to take down the entire building. “We had a lot of vacancy, then all of a sudden didn’t have any,” Berry says, adding that Alliance Center North 2, another speculative building, is moving quickly from the drawing board to construction launch.

In addition to being rail-served by the Burlington Northern Santa Fe’s intermodal facility (as well as rail service via a Union Pacific rail line), the Alliance Global Logistics Hub has access to Interstate 35W and several Texas highways Furthermore, the logistic hub has its own airport, Fort Worth-Alliance Airport.

Meanwhile, on Dallas’ South Side . . .

On the other side of the Dallas-Fort Worth Metroplex, on an almost diagonal trajectory from Alliance as the crow flies, is the International Inland Port of Dallas, a 234,000-acre, 12-municipality public-private regional intermodal development. Situated at the intersection of Interstates 20, 30 and 45, and directly rail-served by both Union Pacific and the BNSF railroads, the IIPOD experienced various hiccups since its official formation in 2005. Even before that, South Dallas, with its land availability, didn’t attract much interest.

That is, until recently.

Earlier this year, L’Oreal Group launched construction on its 513,000-square-foot distribution center. Meanwhile, Prologis has just completed a 653,000-square-foot speculative building in its 20/35 business park, a development offering warehouses and distribution centers. The developer is also building a 1.2-million-square-foot regional distribution hub for Quaker Sales and Distribution Inc. Development is also underway on a 282,000-square-foot parts facility for BMW. Hillwood and Trammell Crow Corp. are also going north on speculative industrial developments in

the region. In short, it’s probably safe to say that South Dallas is the overnight success story decades in the making.

According to Mike Rader, president of Prime Rail Interests in Colleyville, TX, South Dallas carried a negative perception for years. That, plus the lack of water and utility infrastructure, stymied growth of the submarket and the IIPOD. Added to this issue was that the Allen Group, which owned approximately 6,000 acres in and around the intermodal facility, ended up in bankruptcy court, a victim of the Great Recession and its financial aftermath.

But those troubles seem to be in the past. Infrastructure is in place and the 12 municipalities involved with the IIPOD have banded together. Rader, who owns approximately 4,000 acres of land in and around the intermodal development, says the result has been that major developers continue to eye the region, with corporations looking at it for everything from manufacturing to logistics. “During the past 18 months, we’ve seen a lot of distribution centers being planned or coming online in that Interstate 20-30-45 corridor,” he adds.

Growth in the South Dallas corridor has become such a certainty, that industrial experts familiar with the area claim the IIPOD will rival Southern California’s Inland Empire as a major distribution hub within the next decade or two.

A Sudden Uptick in Demand

Mike Berry

by Amy SorterREDNews Contributing Writer

Mike Rader, who owns approximately 4,000 acres of land in and around the intermodel development says ...

"During the past 18 months we've seen a lot of distribution

centers being planned or coming online in the interstate

20-30-45 corridor.”n n n

R E D N e w s . c o m 1 1

So Much Demand, So Little Supply

Today, however, the industrial-oriented interest in the DFW area has meant vacancy in the single digits. CBRE’s recent Q3 industrial report puts area-wide vacancy at 7.3%, while Jones Lang LaSalle’s report covering the same period places the vacancy rate at 6.8%. Furthermore, construction isn’t exactly booming to meet the demand – Both the JLL and CBRE reports point out that approximately 10 million square feet is under construction.

“The starting buzzer for construction is typically 10%,” says Terry Darrow, managing director - industrial/ supply chain and logistics at Jones Lang LaSalle’s Dallas office. “Typically, when that happened in the past, everyone with a pickup truck and a ladder would build.”

But then came the Great Recession and its financial aftermath. Given that, Darrow notes, builders became more cautious. Adds CBRE capital markets industrial practice managing director and vice chairman Jack Fraker: “Institutions and developers are doing a lot more due diligence before pulling the trigger on new projects.”

Though the reluctance to build is commendable, especially given the fact that overbuilding was more the exception than the rule during the 1980s and 1990s, the lack of industrial space comes at a time during which the DFW area has grown into an important role in the US logistics chain.

Unlike Houston, which has its port, its energy and is considered an international distribution point, the Dallas-Fort Worth area has become more of a national distribution center, especially for goods

streaming from the Ports of Los Angeles and Long Beach. And though there is little rail service between Houston and DFW, once containers are offloaded from vessels at the Port of Houston onto trucks, “you can get them from Houston to Dallas in a day’s drive,” comments Josh McArtor, an executive vice president in CBRE’s institutional group.

DFW’s population growth, combined with Texas’ overall business-friendly attitude, has also been attractive to businesses wanting to either relocate or expand. Furthermore, cost has been a factor when it comes to distribution. “It’s less expensive to ship via intermodal containers on flatbeds from the West Coast than to go through the Panama Canal,” Fraker observes. And DFW, with its centric geographic location, is benefitting. “We have the major freeways and a huge population of trained labor here already,” Fraker says. This, in turn, has led to the Dallas-Fort Worth region’s position as an ideal logistics center for companies that want to streamline logistics, and do it at a relatively reasonable cost.

Wide Open Spaces

Even better news for Alliance Global Gateway and the IIPOD is that other logical industrial areas, such as those connected with the Dallas-Fort Worth International Airport, are running out of space.

“A lack of land in the interior markets is pushing tenants that want to expand toward Alliance or South Dallas,” McArtor explains. “In addition to being inland ports, there is land available at these two sites; you can take down 50 or 60 acres and build on it. Industrial users trying to find that same amount of land further inland has become more difficult and expensive”, McArtor adds.

Interestingly enough, even with the demand, the experts point out that overbuilding won’t be an issue for a while. “We won’t have cowboys just throwing up buildings,” McArtor says.

Mike Rader, for one, predicts an additional 10 million square feet of build-to-suit and speculative space going north in South Dallas, a mix of speculative and build-to-suit space. Also coming online will be facilities divisible for smaller businesses, he adds.

JLL’s Darrow agrees, pointing out that a good chunk of the speculative development will be geared toward the 150,000-250,000-square-foot user. “That’s a better indicator of the market’s health than the one-million-square-foot build-to-suits,” he comments. “It means the smaller companies are coming in to serve the larger guys.”

Berry sounds a somewhat more cautious note for 2014, pointing out that if GDP continues at its current 2.5%-3% growth, interest rates remain low and the housing market continues rebounding, industrial deals will continue happening. “Everyone’s back into forward motion and doing capital projects they’ve delayed for several years,” he adds. “I think 2014 will be a good year.”

Terry Darrow

Jack Fraker & Josh McArtor Growth in the South Dallas corridor has become such a certainty, that industrial experts familiar with the area claim the IIPOD will

rival Southern California’s Inland Empire as a major

distribution hub within the next decade or two.

n n n

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INDUSTRY INTERVIEW

Industrial Real Estate on the MoveREDNews interview with Kelley Parker on his years in industrial real estate beginning in 1976 with The Horne Company.

RN: Tell me about your CRE career path and your focus on in-dustrial real estate?

Kelley Parker: I actual-ly began my real estate career with The Horne Com-pany in 1976 where I ultimately managed their in-dustrial brokerage department and in 1990 I joined Cushman Wakefield. Before that, when I got out of graduate school, I went to work for my father in the family company, which was part of Parker Brothers & Company, a sand, concrete & building materials company. My father had a division called the Hous-ton Barge Lines which was in marine transportation. I worked for him for three years. Actually I’d been working in my father’s business since I was fourteen years old. I’d been groomed for it, but it always re-mained my father’s business. It just wasn’t for me. So a friend got me an interview with The Horne Com-pany and everything sort of went from there. I navi-gated into industrial with my first CRE job because that’s what I knew.

Over the years you might say I’ve become a bit of a ‘deal junkie’. I just love putting deals together and enjoy difficult site acquisitions/dispositions and lease negotiations.

RN: Many of the experienced brokers are talk-ing about the importance of having a mentor as they started their careers, and they’re talking about utilizing their experience in the CRE field to mentor others. Have you observed mentor-ing to be important in CRE in terms of ‘staying power’ and effectiveness and job satisfaction?

Kelley Parker: I’ve had some great mentors over the years: David Cook, Howard Horne, Sid Smith, Bill McDade, they have all been great. And there are others I could name as well. I like working with a team, and I try to learn something from each deal that I’m involved with.

RN: How has the CRE field changed during your years within the profession?

Kelley Parker: When I first got in this business, clos-ings were a big deal. I remember spending many a New Year’s Eve, late at night, getting a deal closed before the end of the year. Many times there were some re-negotiations done at closing, including

broker’s commissions. But the day of everybody convening with attorneys and everyone else at the closing table has almost gone away. In the past, 100% of the deals closed in that manner; today likely the number of formal closings is less than 20% of the total deals done.

Electronic communication has totally changed this business as well. Information is much more read-ily available. In the past, you had to be out there, driving and digging all the time. I’d spend Satur-days or Sundays dragging my wife and kids around with me, looking at properties in different parts of towns. “I’ve got to go look at this part of town, because I don’t know it. I’m going to be doing a tour; I need to learn the area. Or, I’ve got to find a property.” Today, with electronic access, that’s just not as necessary a part of the process. I am able to be much more efficient when I research an area or search for a property that meets my client’s criteria. But in all honesty, I’ve also been in the business for a while. I’ve done my research and I know what’s out there in myriad ways that I didn’t back then.

Something that hasn’t changed much at all is that the broker has got to know the real estate, the hap-penings, the trends, and the players in the market-place. Experience, especially for those of us who learn something every time out, really does count in this business. And I guess it is accurate to say that I’m something of a glutton for punishment at times. I like to deal with properties that are inter-esting, and have problems to solve. This can turn me into a developer type, but I certainly don’t have the liability that the developer has. I don’t have the rewards either.

Much of my experience involves the Houston ship channel and waterfront properties. That market is pretty well developed. Right now we have some properties in the Port Arthur-Beaumont area that we’re marketing. But we have to go out to find wa-terfront properties for companies that are seeking them. Lake Charles is seeing significant develop-ment these days. A lot of what we see in Houston is related to petrochemical. We have become a bene-ficiary of low-cost natural gas. All of the companies that were building plants overseas are refocusing back in the U.S. now. We’re involved with the cus-tomers, the suppliers, the electrical infrastructure, the pipeline infrastructure, and the logistics people. This is all occurring here on the Gulf Coast, for the most part. I think Chambers County has eight or ten billion dollars worth of projects going on right now. Louisiana has a bunch. Dow is going great guns. I don’t see this stopping any time soon. Many of the facilities that were structured for export are now being restructured for import. This includes all of the L and G facilities. Cheniere’s has already gotten

their permit, and they’ll be shipping out in a couple of years; they’re in Sabine Pass. This boom is going to last for a while, because these plants aren’t built overnight. At the present time, we have one client for whom we are finding office space, warehouse space, and other requirements for them to utilize for the next few years while they build their plant.

RN: What are some concerns that you have right now with regard to CRE in general and industri-al development in particular? Do you have any projections for where the profession is headed in coming years?

Kelley Parker: Properties have to have curative work or analysis work to make them feasible for developers, so we’ll get involved in analysis which could cover anything from brown field sites to con-taminated sites, to specific needs of process plants, chemical plants, terminals, things of that nature. We also get involved with permitting, both for air and water, and that has gotten increasingly compli-cated and difficult over the years. We’ve got to look at such issues as wetland analysis and traffic impact studies. The good thing is that I’m in a position now where I know the right people to talk to, the ones who can work with us, the shortcuts that we’ve learned based upon previous experience, and how to develop a work flow and time line that will allow us to get the job done as efficiently as possible.

RN: Any predictions or prognostications for the future?

Kelley Parker: Hopefully, I’m still around in 10 to 20 years. I plan to be, but who knows? I think that the Houston market is going to do well. The gas business is just going to keep going on. From what I hear, we’re full speed ahead through 2020. Once you get past that, who knows? I think that we’ll see a positive impact from the Panama Canal widening long-term. I think the initial few years is going to be mixed, in regard to capacity. The entire product that is being produced is going to generate ware-housing needs. From the standpoint of distribu-tion, we’ll never become a Dallas, in the way that Dallas is a regional hub like Atlanta, Memphis, or Phoenix. We’ll likely see rail increase. Houston will be playing off of the port activity, and the oil and gas industry, and supplying the city itself, including the medical community. We did a deal with Med-line Industries out in Katy, in the West Ten business park. They have to supply Houston, but because they’re out west, they can also supply San Antonio. San Antonio has a similar relationship with Corpus Christi.

Kelley Parker, Cushman & Wakefield


International Church Realty(713) 541-4005

NW Houston Church - 10225 Woodedge - 20,000 SF. ................................................. ......... $1,100,000

Miracle Life Church International - 9930 Aldine Westfield - 3,200 SF. ........................ ... ......... $299,500

Alief Church of Christ - 7130 Cook Road - 7,700 SF.. .......................................... SOLD. .............$735,000

Majestic Christian Center - 3512 McLean Rd - 19,500 SF. .....................................................$1,500,000

Dome Church - South Acres at Scott Street - 57,000 SF. .................................. .SOLD ..........$3,740,000

3.9 Acres - 7225 Bellfort Avenue ...................................................................REDUCED .............$174,500

League City UMC - 1411 West Main Street - 34,000 SF ............................................. ..........$3,950,000

Land in Tomball, TX - Holderrieth & S. Cherry - 2.03 Acres ................................ SOLD ............... 230,000

Miracle Christian Fellowship - 16310 Chimney Rock - 15,000 SF..........SALE PENDING .............$855,000

Multipurpose Bldg - 710 College St. - 7,200 SF ......................................................... .............$650,000

Religious Facility in South Houston - Beaumont St. @ Illinois - 11,800 SF .................... ...........$799,000

Baytown Campus/Training Center Facility (Income producing property) - 301 Ilfrey ..................... ... .......$3,400,000

SE Area Church - 10050 Fuqua - 9,995 SF .......................................................... SOLD ..........$1,100,000

Pasadena Church - 4444 Vista Rd. - 46,000 SF ........................................................... ..........$1,200,000

Aldine Christian Church - 2233 Aldine Mail Rte. - 10,500 SF .................SALE PENDING .............$499,000

Land/Churches FOR SALE

New Industrial Development

• +/- 178,000 SF in Two Buildings

• Spaces Available: from 12,800 to 178,000 SF

• Tilt Wall Construction

• Loading: Dock Level

• Clear Height: 24’

• ESFR Sprinklers

• Beltway 8 Frontage

• Easy access to SH 249, US 290 and I-45

• Build-to-suit offices

• 40’ column spacing

15120 Northwest Fwy #190 Houston, TX 77040Phone: (713) 956-1000 Fax: (713) 856-5100tnrg.net

7220 & 7330 North Sam Houston Parkway West

Fairbanks 8 Business Park

Call For INFormatIoNMike Spears • 713.744.7404 • [email protected]

DISSOLVED PARTNERSHIP - PRICED FOR IMMEDIATE SALE

Mainland Medical Campus & 12.9 AC Multi-Family TractEMMETT F. LOWERY EXPY & HWY 3, TEXAS CITY, TX 77591

Next to HCA Mainland Medical Hospital in Texas City, TX

Centrally located between Houston and Galveston

Pricing: Recent Price Reduction Tract A (3.9039 acres) $4.95 psf $841,766

Tract B (3.63 acres) $4.50 psf $711,552

Tract C (2.81 acres) $2.00 psf $244,807

Tract D (12.9 acres) $2.50 psf $1,404,810

PRICED TO SELLSUBMIT ALL OFFERS

PRICED TO SELLSUBMIT ALL OFFERS

281-474-4474newCor ventures, inC.www.mainlandmedcenter.com


INDUSTRY INTERVIEW

...‘taking care of the client’...

RN: Tell me about your CRE career path and your focus on industrial real estate?

Mike Hill: Back in 1970, I was working as a self-em-ployed headhunter and a friend, in the same busi-ness, and I wanted to go together and form a new company. However, he decided not to do our busi-ness together and told me about a real estate com-pany he was going to work for, Coldwell Banker, which was just moving into Houston from the west coast. Their reputation being known out there as a well thought of company, and after research, was attractive to me. So was the starting salary of $600 a month and in 1970, that was a lot of money! They offered me either office leasing or industrial bro-kerage, and I thought industrial sounded good, so they gave me a desk and said, ‘go do it’. There was no training program. Back then we all believed that if a person could sell, he could sell anything. And that’s true, but you still have to develop a knowl-edge base about your product. I started out sit-ting behind a guy named Phil Kennedy and I asked him questions all day, every day, until one day he turned around and yelled at me, “Don’t ever ask me another question.” By that time, I had gleaned much of the information that I needed to survive. Today, my philosophy is that the most successful industrial broker is the one who can lease property, sell prop-erty and promote investments. The broker needs to know the properties well enough to explain to an investor exactly why this particular property is the one he or she needs to buy. My staying power in the field, I think, is directly related to the fact that I have tried to take a technical approach to the busi-ness and my priority has always been taking care of the client for the long haul.

RN: Many of the experienced brokers are talk-ing about the importance of having a mentor

as they started their careers, and they’re talking about utilizing their experience in the CRE field to mentor others. Have you observed mentor-ing to be important in CRE in terms of ‘staying power’ and effectiveness and job satisfaction?

Mike Hill: Over the course of about thirty years, I’ve been very involved in training young individuals coming into the CRE field. Right now I’m mentor-ing four young guys who are actually from differ-ent real estate firms. Steve Jaggard, a good friend, who ran Vantage Co. called them his “Young Bucks”. Back in the ‘70s, I started training/mentoring ses-sions with a series of CRE cassette tapes that were just a step up from the old eight-tracks. In regard to the technical side of Industrial, there is so much to learn. All of us learn something every day from what we do; that process never stops.

RN: How has the CRE field changed during your years within the profession?

Mike Hill: In a word, technology. When I started in the business, we did our available properties data-base with sheets of paper in books, not on comput-ers. We had about twenty books, lined up on the back of the filing cabinet. That was our database.

RN: I also remember those days. REDNews’ first “database” was a rolodex of 2,000 cards.

Mike Hill: From time to time I still refer to those old books. I tried to digitalize all of the pre-computer era history, but the task was too monumental. I ac-tually helped start the industrial database for CB Commercial and I still use that today. When The Commercial Gateway originally started their avail-able properties activity, I had the opportunity to help them get that going. Then and now, I track ev-ery available freestanding building in Houston, for sale or lease, if a size is over 10,000 square feet. It’s an invaluable resource. I receive between 100 and 200 emails a day, and I’m constantly looking at my inbox and asking, “Okay, is this something I keep or throw away?” When a client walks in the door and says, “I’m looking for (as an example) a 50,000 square foot office/warehouse building in northwest Houston and I need rail, dock high loading, and an ESFR sprinkler system, I’m on top of it. In about 12 seconds I can pretty much tell my client what’s out there. My database is unique in that I have about 30 different descriptive criteria loaded for each avail-able property, and each of those criteria is search-able. The biggest problem I have is keeping up with sold and no longer available properties. My secre-tary and I are constantly watching the sales in the newspaper and industry journals, as well as calling

around to brokers and getting updates. Most of my current clients are people I’ve worked with before. I also have found myself specializing somewhat by the use of the property. I’ve done a lot of work with the food storage and distribution industry (refriger-ated properties), electronics, manufacturing, crane serve building. I’ve also done some work on the Ship Channel. My clients still expect me to remem-ber the details of a deal I did for them, maybe back 25 years or more, and I’ve still got all of the informa-tion right there to refer to. I keep everything having to do with done deals.

RN: What do you see that your competitors are doing and how would you do it differently?

Mike Hill: It’s this observation that makes men-toring young people coming into the profession important. And I’m not just talking about teach-ing someone the basics of the profession; it needs to be the entire picture. I see some really terrible presentations on properties that are done by guys who don’t think detail and form is important; they just put something out there which, in my opinion, is totally sub-standard. This is one aspect of our profession that really hasn’t changed much at all. Yeah, technology makes how we do our jobs differ-ent, but the ability to carefully present a compre-hensive picture of a property, one that tells coop-erating brokers and prospective buyers as much as possible about the features, assets and possible liabilities of a property is, in my opinion, a really important key to marketing industrial real estate. Time matters, so when we communicate with each other and with the client, we have to do a good job of it. The Houston commercial brokers and our cli-ents are busy, and if a CRE professional makes an incomplete, sloppy, obscure presentation, the re-cipient will certainly not be impressed.

RN: Why did you write the blog on your website about Robert Clay of Clay Development?

Michael Hill Properties

Mike Hill, Michael Hill PropertiesOver the course of about

thirty years, I’ve been very involved in training

young individuals coming into the CRE field.

n n n


Mike Hill: Robert Clay is truly one of a kind. He’s a good friend, but I didn’t write the article about him because of that. I wrote it to explain my observation that he apparently has a unique sense for what to do at exactly the right time. This has included buy-ing large land sites, building certain kinds of build-ings, going after certain kinds of clients and pio-neering in specific marketplaces, like the Katy area, and others. His timing in starting his development company with his dad in the construction business was absolutely perfect. Robert has the courage to take risks and the smarts to make them work out. It is somewhat unprecedented how he has dominat-ed the particular industrial development market he is in. Few before him have succeeded to the degree he has in the Houston industrial development busi-ness. And he’s a fun guy to be with!

RN: Many of the brokers talk about how much they’ve learned from their best deals and, in many cases, how much more they’ve learned from some deals that didn’t go as anticipated. Do you have any stories to share in this regard?

Mike Hill: The 800,000 sf Albertsons distribution center in Katy, where the new Grand Parkway @ I-10 West construction is taking place, turned out

to be quite an interesting project. This was a long time ago and that property is now owned by $.99 Stores. Albertsons was a very sophisticated compa-ny with huge internal resources to bring to bear on location analysis. They knew what they wanted and all I had to do was find it. We had to do parallel due diligence on two sites because they HAD to have a site which would work for them at a predetermined point in time. Everything needed to be one hun-dred percent confidential, and we had to do the entire search and follow-up clandestinely. I worked with one of the most intelligent, interesting corpo-rate real estate managers that I have ever met, a young man named Bob Banks. We worked together for more than a year, staying out of sight, meeting in hotel rooms and restaurants to go over deal de-tails; it was all great fun. One of my worst experi-ences was when Conrad Bernard, who was one of my trainees back then, was sitting with me during a presentation that I was making to a client. This oc-curred at a time when I thought I was pretty smart. So I was holding forth, and I could tell it wasn’t go-ing well, but I didn’t know what was wrong. All of a sudden the client just exploded, and said, “Mr. Hill, don’t you tell me how I’m going to do this deal. I’m going to tell you how I want you to do this deal.” As you can imagine, I was pretty much thrown for

a loop at that point. After that moment, the client spoke only to Conrad, who took over, and worked with the client. That man never said another word to me, but we did get the deal done! Conrad and I still laugh about that one!

RN: What’s next for Mike Hill?

Mike Hill: I’m now in the “fall” of my career, and I feel so extremely fortunate to have been able to do the things that I’ve done. CB Commercial was a great company to be with for those 32 years, and after 10 years now on my own, I’m loving that as well. One of the really nice things which makes the job easier and more fun is that, in Houston, the commercial brokerage community is really close. We’re all good friends. It doesn’t get any better than that. I still do the best I can to serve my clients. I still love the mentoring of young folks in this busi-ness, as they are the future. It’s amazing to watch them grow through the start-up years and succeed. Brendan Lynch is probably my best example of this as he came to me as a well-educated, intelli-gent, driven and honest individual who I had the great privilege to work with as his trainer. Everyone knows he is a rock star in our business! I would like to help prepare more Brendan Lynches!

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6

UNDER CONTRACT


The Shale Revolution has triggered a renaissancein the oil and gas business in the US, and Worldwide

Only a few years ago, industry experts declared that oil production in the US had peaked and was destined to progressive decline. This July, the US Department of Energy reported the US is the largest oil and associ-ated liquids producer in the world and will surpass Russia and Saudi Arabia in two years to become the largest oil producer.

Texas is playing a key role in this renaissance and the Port of Houston is ideally located and well equipped to receive and process the increasing oil and gas gushing out of the Eagle Ford. The Port is also a gateway for equipment and other supplies needed to sustain the development of the rich deposits.

From its inception and the completion of the deepwater Ship Channel in 1914, the Port of Houston has been intricately linked to the oil and gas industry.

The oil industry has since experienced significant ups and downs, but the activity alongside the Houston Ship Channel has demonstrated great re-silience. Today, the waterway serves more than 150 public and privately-owned cargo terminals and other industrial facilities. The Port of Houston is the nation’s No.1 port in terms of foreign waterborne tonnage and is home to the world’s second largest petrochemical complex after Rotter-dam.

There is yet a large new chapter of growth for the Port of Houston being called by the need to process, store and transport the increasing amounts of crude, gas and liquids being unlocked from shale deposit through the revolutionary, Texas-grown technique to inject water and sand in hori-zontal wells to fracture to shale rock.

In a recent interview with REDNews, R.D. Tanner, Director of Real Estate at the Port of Houston Authority, indicated about 3,500 acres of green field property throughout the Port of Houston is available for develop-ment with some of the property having frontage along the Ship Channel.

On the other hand, every week the media reports a new multi-million dol-lar investment in:

• pipelines and rail systems for moving the increasing crude oil and liquids production

• new and expanded processing plants and refineries in Texas, or

• expansion of marine terminals that will load ships and barges with

the light crude oil to refineries in Louisiana, New Jersey or even some limited exports to Eastern Canada.

The projects also generate a significant amount of skilled jobs: The Greater Houston Port Bureau expects 111,700 direct jobs and 154,100 indirect jobs to be created from announced Ship Channel investments. Very attractive employment compensation packages are being offered to entice the limited skilled labor available. In turn, the living and amenity demands of these workers will be at a higher end than typical blue collar communities.

Additional facilities are needed to handle drilling equipment and steel pipe for the oil fields. Even coal export facilities are being proposed as US demand is displaced by low cost domestic natural gas.

Demand for oil facilities at the Port of Houston is also coming from pro-duction increases in the Permian Basin in West Texas and from utilization of Canadian oil sands that are well suited to the sophisticated Houston high conversion refineries.

Not all of the required infrastructure must have frontage to the Ship Channel, and most of the ancillary services and workers accommodations and amenities will be seeking space nearby. Expansion and development of these secondary businesses will impact land value many miles beyond the Ship Channel.

Below is a description of some of the projects being developed or recent-ly completed within the Ship Channel area and how they handle and take advantage of the increased shale production.

Pipelines:

Pipeline is the vehicle of choice for transporting oil in large quantities due to safety and cost. But pipelines take time to build and sometimes they may not be suitable to the terrain between the producing fields and the markets. Texas, and the Port of Houston in particular, have a well devel-oped pipeline system; therefore Eagle Ford production is rapidly finding pipeline access to Houston. In the past 12 months two new pipelines have connected Houston refineries and storage terminals to 650,000 barrels per day (b/d) of Eagle Ford production:

• Kinder Morgan started operations on June 14, 2012 of its 300,000 b/d pipeline from Cuero, Texas to the recently expanded Oiltanking Terminal.

continued on page 20

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• Enterprise’s South Texas Crude Oil pipeline system came into service in June 2012 with a 350,000 b/d line from Wilson County to Sealy, which then connects to the Rancho Pipeline into Houston and the Enterprise Houston Crude Oil terminal. Phase 2 of this project, a 200,000 b/d line from Gar-dendale to Wilson County, was completed in the second quarter of 2013.

Rail is also utitialized.

While Eagle Ford Shale is located close to existing pipeline systems, the large Bakken Shale in North Dakota is not as lucky. Extensive use of rail car has al-lowed Bakken production to reach markets while pipelines may take up to 5 years to be completed. Petroleum and chemical liquids and gases have been transported by rail for many years in small amounts (3 to 10 railcars per train),. However, the large volume of crude coming from the fields requires moving about 100 rail cars at a time in what is called “unit trains”. These unit trains, more than a mile long, must be taken off the tracks at the origin and receiving termi-nals and be loaded/unloaded at a rate of up to three unit trains or 300 cars per day. Each rail car can hold about 600 barrels.

Houston refineries are processing increasing domestic shale oil production within their existing capacity by reducing or completely stopping importing similar foreign crude. However, these refineries are very sophisticated, having made large investments in equipment to process heavy and sour (high sulfur) crudes from Mexico, Venezuela, Saudi Arabia and others to take advantage of increasing production and lower prices for those crude grades.

Associated natural gas production from shale oil is the major factor for keeping a lid on natural gas prices in the US today and in the nearby future.

The other associated gases are ethane, propane and butane and they are also experiencing an oversupply as traditional demand and transport infrastructure catches up. Propane and butane can be condensed into liquid form by apply-ing pressure and moved in pressurized vessels or through moderate refrigera-tion. Ethane and natural gas (methane) can only be liquefied through very low temperature refrigeration at much higher cost.

The lightest portion of the liquid produced is called condensate and is com-posed of gasoline-like hydrocarbons but not suited for today’s car engines; therefore, it must be upgraded at a refinery or find other uses in petrochemi-cals or as diluents for heavy oils.

Houston refineries and petrochemical plants are undergoing modifications to handle larger amounts of the light crude oil from US shale production or to manufacture higher value goods using domestic, low cost natural gas and other hydrocarbons produced “associated” to shale oil.

Independent liquid storage facilities receive and transfer crude oil, conden-sate, liquefied propane and refined products for third parties, like a warehouse. There are several large such facilities in the Houston Ship Channel that offer enhanced service through excellent and expanding access to pipelines, rail, interstate highway and waterway, together with collocation with the largest oil refining and petrochemical complex in the US. These facilities are also being expanded to handle the increased demand and they require significant real estate.

Some projects underway include:

Kinder Morgan’s:

o Battleground Oil Specialty Terminal (Bostco): A $485 million new facil-

ity sprawling 185 acre on the Houston Ship Channel.

o Galena Park: A $75 million investment to build five new tanks.

o Pasadena: $106 million to purchase 20 acres next to KM Pasadena termi-nal to build nine new storage tanks and construct a barge dock.

• Targa Resources is investing $480 million to increase capabilities to handle natural gas liquids (propane and butane) at its Galena Park site on the Ship Channel and its Mont Belvieu site northeast of the Ship Channel off Interstate 10, which are connected by pipeline. The Galena Park facility includes refrigeration facilities and marine docks for exporting propane and mixed propane-butane to international markets. The project will be complete in the third quar-ter of 2014. The expansion included acquisition of the Patriot Termi-nal just south of Targa’s Galena Park, with existing dock and nearby access to refined products pipeline.

• Intercontinental Terminals: $150 million investment announced in March 2013 for the purchase of 180 acres greenfield site in Pasadena and the construction of a new petrochemical and petroleum termi-nal to be operational in second quarter 2015 .

• Enterprise Crude Oil Terminal: following the 2012 startup, an ad-ditional 0.9 MMBbls of storage capacity is expected to be in service in the second quarter of 2014 for a total 6.0 MMBbls of crude oil storage capacity. The facility covers 187 acres

• Oiltanking: $200m investment to build 4.2 million barrels of new crude oil storage capacity and pipelines connecting to nearby refin-eries.

• Odfjell is adding 10 tanks to its Bayport site by the first quarter of 2014. The facility currently has 100 storage tanks for natural gas liq-uids derivative chemicals.

The Shale renaissance is expected to have a long life:

A long-term energy outlook released on Nov. 12 predicts the U.S. will top Saudi Arabia and Russia as the world’s leading oil producer by 2015. The report, pub-lished by the International Energy Agency, based in France, attributed this pre-diction to technological advances in shale drilling such as hydraulic fracturing and horizontal drilling, which allow drillers to explore unreached shale plays.

“United States performance has consistently overshot most projections to date and it is possible that more resources will be found and developed to sustain production at a higher level and for longer than we project,” the IEA said in the report.

From its inception and the completion of the deepwater Ship Channel in 1914,

the Port of Houston has been intricately linked to the oil and gas industry.

Continued from page 18


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CBD 609 Main, 47 story tower 1,050,000 Hines 2017CBD Former Macy’s, 1110 Main N/A Hilcorp TBDCBD International Tower, Preston/Prairie/Milam/Travis 925,000 Stream Realty/Essex TBDFM 1960/Hwy 249 Five Chasewood - Five Chasewood Drive 236,880 SF Transwestern 4Q14FM 1960/Hwy 249 Noble Energy Center II - 1001 Noble Energy Way 470,000 SF Trammell Crow Co./Principal Real Estate Investors 3Q15Galleria 3009 Post Oak Blvd. 302,000 SF Skanska 3Q13Galleria BHP Billiton - Four Oaks Place - Post Oak 600,000 SF TIAA-CREF & Transwestern TBDGreenspoint Greenspoint Business Center - I45, s. of Beltway 8 350,000 SF IDI TBDInner Loop 3737 Buffalo Speedway (see page 21 for more information) 395,00 SF PMRG 3Q15Inner Loop 2229 San Felipe, 17 story tower 167,000 SF Hines N/AInner Loop Shell Woodcreek & Memorial Point, I10/610 400,000 SF Hines N/AInner Loop Vitrol Urban Campus, Richmond & Wakeforest N/A Midway Companies N/AKaty Freeway CityCentre IV - 840 W. Sam Houston Pky. N. 107,552 SF Midway Companies 3Q13Katy Freeway Energy Center Three - 935 N. Eldridge Pky. 520,340 SF Trammell Crow Co./Principal Real Estate Investors 2Q15Katy Freeway Energy Crossing II - 15011 Katy Freeway (see page 3 for more information) 321,508 SF Lincoln Property Company 4Q13Katy Freeway Energy Tower III - 11740 Katy Freeway 428,831 SF Mac Haik Enterprises 1Q14Katy Freeway Energy Tower IV - 11750 Katy Freeway 428,831 SF Mac Haik Enterprises 1Q14Katy Freeway Jacobs Plaza - 12140 Wickchester Lane 168,050 SF PMRG 2Q14Katy Freeway Mason Creek Office Center - 21420 Merchants Way 135,716 SF Myers, Crow & Saviers 3Q13Katy Freeway Murphy Exploration - 9805 Katy Freeway 315,000 SF MetroNational 3Q13Katy Freeway Mustang Engineering - 17325 Park Row 225,885 SF Transwestern 3Q14Katy Freeway Park Ten Center - 16200 Park Row (see page 3 for more information) 300,000SF Lincoln Property Company 3Q14Katy Freeway Shell Woodcreek - 200 N. Dairy Ashford 263,835 SF Hines 1Q14Katy Freeway Shell Woodcreek - 11910 Katy Freeway 284,178 SF Hines 4Q13Katy Freeway The Offices at Greenhouse - 18918 Katy Freeway 203,149 SF Stream Realty 3Q14Katy Freeway Town Centre I - Queensbury Lane and Town & Country Blvd. 254,489 SF Moody Rambin 4Q14Katy Freeway Westgate I - 17220 Katy Freeway 248,500 SF Transwestern 4Q13Katy Freeway Westgate II - 17320 Katy Freeway 186,375 SF Transwestern 4Q13Katy Freeway West Memorial Place - 15375 Memorial Drive 334,147 SF Skanska 1Q15Northwest 4477 W. Sam Houston Pkwy N. (see page 3 for more information) 256,000SF J.A. Billip/Lincoln Property Company TBDNorthwest Beltway Lakes Phase III & IV, 5800 Blk N. Sam Hou Pkwy W 540000SF Radler Enterprises TBDSugar Land Texas Instruments - 13905 University Blvd. 160,000 SF Planned Community Developers 2Q14The Woodlands Anadarko Tower 2 - 1201 Lake Robbins Drive 550,000 SF Patrinely Group, Inc. 2Q14The Woodlands Building 5 - Repsol - 2455 Technology Forest Blvd. 200,000 SF Warmack Investments 2Q14The Woodlands ExxonMobile North Campus - I-45 and Springwoods Village 3,000,000 SF Exxon and Coventry Development Corporation 3Q14The Woodlands Research Forest Lakeside Bldg 4 - 2445 Technology Forest Blvd. 300,000 SF Warmack Development Co 3Q13The Woodlands Sierra Pines II - 1575 Sawdust Road 153,810 SF Stream Realty 3Q14The Woodlands Two Hughes Landing - Hughes Landing Blvd. 197,719 SF Woodlands Development Co. 2Q14Westchase CGG Office Campus Addition 106,992SF CGG 4Q14Westchase Granite Briarpark Green - 3151 Briarpark Drive 302515SF Granite Properties 3Q13Westchase Two BriarLake Plaza - 2050 W. Sam Houston Pky. South 331,689 SF Cassidy Turley 2Q14Westchase Westchase Park II - 3600 W. Sam Houston Pky. South 300,000 SF PM Realty Group 4Q14

Houston Area

Office Development - Third Quarter 2013Source: Avison Young, Colliers International, Cushman & Wakefield and REDNews Research

Developer or EstimatedSubmarket Project Name - Location Size Leasing Rep Completion

ExxonMobilE CaMpus GranitE briarpark GrEEn WEstChasE park


Missouri City Beltway Crossing - 13615 & 13721 S. Gessner 208,800 Stream Realty Partners, L.P. 1Q14North 1050 Greens Pky. 67,200 Liberty Property Trust 1Q14North 11220 Ella Blvd. 163,000 Liberty Property Trust 3Q13North DCT Airtex Distribution Center - 110 Airtex Road 267,000 DCT Industrial 4Q13North First Northwest Commerce Center - 4680 West Greens Road 351,000 First Industrial & Davis Commercial TBDNorth Plaza Verde @ Pinto Business Park - Beltway 8 at I-45 North 120,000 Hines TBDNorth 500 Northpark Central Drive 174,200 Prologis Inc. 3Q13North 14650 Heathrow Forest Pky. 121,919 Wolff Properties 3Q13North 16200 Central Green Blvd. 181,067 Liberty Property Trust 3Q13North 19245 Kenswick Drive 74,880 Trammell Crow Company 3Q13North Central Green Corporate Center (Bldgs 6 & 7) - 16501 Central Green 258,000 Verde Realty 4Q13North Century Plaza Distribution Center - 400-525 Century Plaza Drive 390,000 Avera Companies 4Q13North Imperial Distribution Center - I-45 and Airtex Road 662,000 Avera Companies 4Q13North Park 8 - North Interstate 45 and Beltway 8 (Data Center) 252,000 Avera Companies TBDNorth Point North Cargo Park - 8120 Humble Westfield Road 240,000 Duke Realty 3Q13North World Houston - 4730 Consulate Plaza Drive 101,200 EastGroup Properties 3Q13North The Pines Business Park, Phase II- Near I-45 and Hardy Toll Road (see page 3 for more info) 140,000 Lincoln Property Company 4Q13North 121 Esplanade 244,550 IDI 2Q14NW Fairbanks 8 - 7220/7330 North Sam Houston Parkway West ( see page 15 for more info) 178,000 TNRG/The National Realty Group 4Q13NW Rampart Corporate Center - Building 200 - 7310 Langfield Road 563,000 Avera Companies 2Q13NW Sam Houston Business Park - 8846, 8844, 8850 N. Sam Hou Pkwy W. 206,000 Levey Development TBDNW 1315 W. Sam Houston Pky. North 70,000 Caldwell Companies 3Q13NW 30602 Mcallister Road 400,000 KDW Ltd 4Q13NW Intrepid Business Park - 5935 Brittmoore 123,000 Triten Real Estate Partners TBDNW Beltway Crossing Northwest - Gessner North of Beltway 8 653,000 Panattoni Development 2Q14NW Solon Industrial Park - SH 249 & Sam Houston Tollway 27,000 SF Stream Realty 4Q14Rosenberg Aldi Distribution Center, Rosenberg 650,000 City of Rosenberg and Fuller Realty Partners 3Q16SE 3700, 3750 & 3800 Highway 225 365,462 The Carson Companies 1Q14SE Ameriport (Phase III) - 616 Logistics Drive 249,600 National Property Holdings TBDSE Bayport North Distribution Center - 4330 Underwood Road 276,000 Baron Properties 3Q13SE B225 Railport - Beltway & SH 225 - BTS - Frontier Logistics 600,000 Avera Companies 3Q14South Beltway Exchange @ Colony Crossing - 10207 S Sam Houston Parkway E 90,000 ICO Texas 2Q14South Cottingham Business Park - S. Sam Houston Pky. and Cottingham Rd 90,000-130,000 Pipeline Realty TBDSouth 9380 Kirby Drive 64,260 Warehouse Associates 1Q14West West 10 Business Park - Medline Industries - I-10 & Highway 90 500,000 Medline Industries, Inc. 3Q13West Ten West Crossing - 22330 Merchants Way 135,500 East Group Properties TBDWest 21201,21601, 21301 Park Row Drive 144,300 Transwestern 3Q13West 22220 Merchants Way 67,743 InSite Commercial Real Estate 3Q13

Houston Area

Industrial Development - Third Quarter 2013Source: Michael Hill Properties, Colliers International and REDNews Research


bayport north Distribution CEntEr

pinto businEss park

WorlD houston businEss CEntEr


Alliance Hillwood Commons - Heritage Trace Parkway and 35W 200,000 Hillwood 2Q14Dallas - CBD KPMG Plaza - 2323 Ross Avenue 454,500 Hall Financial Group 1Q15Dallas - N. Central BTS - Richards Group 250,000 SBR Real Estate Holdings LP 1Q15Dallas - Turtle Creek/Uptown 4001 Maple Avenue 170,000 Crow Holdings 3Q13Far North Central BTS - State Farm 1,520,000 KDC 1Q15Fort Worth Victory Healthcare - South Main and Pennsylvania 90,000 Victory Healthcare 2Q14Forth Worth - CBD BTS - Cook Children’s Office 120,000 Cook Children’s Medical Center 3Q13Frisco Duke Bridges VII - 3560 Dallas Parkway 200,000 Duke Realty 1Q14Frisco Hall Office Park 200,000 Hall Financial Group 2Q14Las Colinas Cypress Waters - LBJ Freeway and Belt Line Road 180,000 Billingsley 3Q14Las Colinas Freeport 9 - Freeport Parkway and Regent Blvd. 153,315 Myers & Crow 1Q14McKinney BTS - Emerson Process Management, U.S. 75 and Highway 121 (McKinney) 128,000 N/A 3Q13McKinney McKinney Corporate Center - Craig’s Ranch 120,000 Craig International 1Q14Plano 5101 Tennyson Parkway 82,000 N/A 3Q13Plano 6111 West Plano Pky. 180,000 Billingsley 2Q14Plano 8050 Dominion Parkway 200,000 N/A 3Q13Plano 8058 Dominion Parkway 150,000 N/A 3Q13Plano Granite Park IV - SEC Dallas North Tollway and State Hwy 121 304,500 Granite Properties 3Q14Plano Legacy Tower - SEC of Dallas North Tollway and Legacy Drive 341,000 Trammell Crow 3Q14Plano Lincoln Legacy Two - 5810 Tennyson Pkwy 130,000 Lincoln Property Company 3Q14

Dallas/Fort Worth Area

Office Development - Third Quarter 2013Source: Cushman & Wakefield and REDNews Research


GranitE park iV

linColn lEGaCy ii

lEGaCy toWEr

hall offiCE park

kpMG plaza


Dallas/Fort Worth Area

Industrial Development - Third Quarter 2013Source: Cushman & Wakefield and REDNews Research

Alliance BTS - Amazon Distribution Center - 700 Westport Parkway 1,100,000 Hillwood 3Q13Alliance BTS - Motorola 500,000 Hillwood 3Q13Alliance BTS - Walmart 800,000 Hillwood 3Q13Alliance Alliance Center North I - NEQ IH-35W and Eagle Parkway 1,200,000 Hillwood 2Q14Alliance Alliance Center North II - NEQ IH-35W and Eagle Parkway 1,000,000 Hillwood 2Q14Alliance Alliance Gateway 57 - Freedom Drive (Roanoke) 310,000 Hillwood 3Q14Arlingon Arlington Commerce Centre Bldg C - 4900 Sherry, Arlington 820,097 Exeter Property Group 4Q13Ft Worth BTS - Our Nation’s Best Sports 60,000 Our Nation’s 1Q14Ft Worth Speedway Distribution Center, Far North Ft. Worth area 733,200 IDI 4Q14Grand Prairie BTS - Restoration Hardware - 1303 West Pioneer Parkway 850,000 Weeks Robinson Properties 3Q13Hutchins Just off I-45 between Cleveland St & Nichols Drive 1,600,000 Hillwood TBDIrving/Coppell BTS - Amazon Fulfillment Center - 940 West Bethel Road 1,100,000 Hillwood 3Q13Lewisville Majestic Airport Center DFW, 2900 S. Valley Pkwy 1,000,000 Majestic Realty Co. 3Q14Richardson AdvoCare - 2800 Telecom Pkwy 260,000 KDC 3Q14S. Dallas (Lancaster) 20/35 Business Park , 1-20 653,000 Prologis TBDS. Dallas (Lancaster) BTS - BMW, Quaker/Pepsi-Co,20/35 Business Park, I -20 1,800,000 Prologis 1Q14South Dallas Mountain Creek Pkwy, n. of Merrifield Rd 600,000 Mountain Creek Investments 3Q14South Dallas Trammell Crow Penn Distribution Center, I-20 800,000 Trammell Crow 2Q14


allianCE CEntEr north

MajEstiC airport CEntErarlinGton CoMMErCE CEntEr builDinG C


Austin Area

Office Development - Third Quarter 2013Source: J.L.L., REOC Austin and REDNews Research


CBD 4th and Colorado 90,000 LPC ProposedCBD 5th and Colorado 180,000 LPC ProposedCBD 501 Congress Avenue, BofA annex redevelopment 116,437 Stream 2Q14CBD Colorado Tower - 303 Colorado Street 374,348 Cousins 3Q14CBD IBC Bank Plaza - 500 West 5th Street 195,279 Endeavor 2Q14CBD Offices at the Bowie - 311 Bowie Street 40,985 Endeavor 1Q15CBD Redevelopment of Green Water Treatment Plant 490,000 Trammell Crow ProposedCBD Seaholm Power Plant - 800 Cesar Chavez 148,000 SW Strategies Group 3Q14CBD Shoal Creek Walk - West Sixth and Bowie Street 245,000 Schlosser ProposedCBD Waller Creek - E Cesar Chavez & Red River, large mixed-use project 500,000 Mac Pike ProposedCedar Park Paloma Ridge - SH 45 between Lake Creek Pkwy and West Parmer Lane 324,500 Stream ProposedE Eastside Village - SEC 6th Street & Comal Street, mixed-use w/office 90,000 Transwestern ProposedFNW Aspen Lake 2 & 3 257,400 Crimson ProposedFNW Four Points Bldg 3 - FM 2222 and Hwy 620 73,126 Brandywine ProposedN Domain 1 - reportedly pre-leased 117,787 Endeavor ProposedN Domain 2 143,331 Endeavor 3Q14N Domain 7 - 11501 Alterra Parkway 221,973 Endeavor 3Q14NE Parmer 3.2 - 13101 McCallen Pass 184,500 Trammel Crow/Karlin 1Q15NW Champion Office Park - NWC Capital of Texas Hwy. and FM 2222 230,000 Endeavor 2Q14NW Quarry Oaks IV - Mopac and Hwy 183 80,000 Riverside ProposedNW Research Park V - US 183 and Riata Trace Parkway 173,530 Cousins ProposedNW Research Park VI 117,321 HPI ProposedNW UT--Pickle West. UT System land, sw of the Domain. Mixed-use planned TBD Hines ProposedRound Rock Frontera Ridge - NWC Interstate-35/SH-45/North Loop-1 400,000 Simmons Vedder ProposedSW 317 Gracie Lane 87,748 ECR ProposedSW 3700 San Clemente - 3700 North Capital of Texas Highway 250,500 HPI ProposedSW 9225 Bee Caves Bldg D 30,077 Kucera ProposedSW Capital Ridge - 320 Capital Of Texas Highway (hotel & office planned) 150,000 Riverside ProposedSW Encino Trace - 5707 Southwest Parkway 321,870 Koontz McCombs ProposedSW Hill Country Galleria, Bld. Q - 126000 Hill Country Blvd 53,453 Galleria Texas, LLC 3Q13SW Lantana - Southwest Parkway at William Cannon Drive 260,000 LPC ProposedSW Rollingwood - Bee Cave Road near Mopac 214,587 Endeavor ProposedSW Super Nature Office & Media Campus (movie studio & tech office park) 575,000 N/A ProposedSW The Terrace - South Mopac Expressway & Loop 360 700,000 TIER REIT Proposed

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Austin Area

Industrial Development - Third Quarter 2013Source: J.L.L., Oxford Commercial/Cushman& Wakefield, REOC Austin and REDNews Research


Bastrop JAMCo - Hwy. 71 and S. Jackson, Bastrop 30,100 BTS - JAMco ProposedCedar Park Brushy Creek Corporate Center - SH 620 & 183 266,000 Capital City Partners ProposedN Heritage Crossing -Long Vista and Bratton 447,656 N/A 4Q13N HID Global - 611 Center Ridge Drive 200,000 BTS - HID Global 1Q14RR Commerce I30 Business Park - SH I30 & Pecan 240,000 N/A 3Q13RR Mtech - 1720 Royson, Pflugerville 33,000 BTS - Mtech ProposedRR Scottsdale Crossing - 5900 NW 183A, Cedar Park (Phase 1) 27,500 TIG Real Estate 2Q13RR Scottsdale Crossing - 5900 NW 183A, Cedar Park (Phase 2) 200,000 TIG Real Estate Proposed

brushy CrEEk CorporatE CEntEr

hiD Global

sCottsDalE CrossinG


San Antonio Area

Office Development - Third Quarter 2013Source: J.L.L., REOC San Antonio and REDNews Research


Far North Heritage Oaks Building 3 - N Loop 1604 W 84,000 R.L. Worth & Associates ProposedFar North Shavano Center IV 43,500 N/A 3Q13Far North Ridgewood Business Center 65,000 R.L. Worth & Associates 4Q13Far North Central La Arcata Office Building - 18638 Tuscany Stone - Phase II 30,000 LaArcata Office ProposedFar North Central Villages on Sonterra III - 1314 E Sonterra Blvd - Building 2 30,000 Newmark Grubb Knight Frank ProposedFar West Christus Medical Plaza III - State Highway 151 70,000 Endura Advisory Group ProposedFar West Town Center Medical at Westover - 10622 Westover Hills Blvd. 45,000 Westover Commercial Group ProposedFar West Power Loft @ Westover, flex space 300,000 Power Loft Westover TBDFar West Monterrey Office Park, Hwy 151/Westover Hills 120,000 R.L. Worth & Associates ProposedFar West Stream Private Data Center, 9550 Westover Hills 75,840 Stream Realty Partners TBDNew Braunfels Resolute Medical Plaza - FM 306 & FM 1101 @ Freiheit Road 42,000 Transwestern 2Q14New Braunfels Town Center at Creekside - 1101 Creekside Way 36,000 Onair Development ProposedNorth Central El Cerrito Place - 607 Arion Pky 156,000 Casey Development Ltd. ProposedNorth Central Quarry Village II - 250 E Basse Rd 40,510 Reata Real Estate 2Q14Northeast Live Oak Medical Complex - 12601 Judson Rd - Phase One Bld #2 58,513 Fiddlers 60 LTD ProposedNortheast The Crossing at Live Oak - Palisades Dr & Loop 1604 - Office (3) 39,000 Commercial Property Investments ProposedNorthwest WestRidge One at La Cantera -La Cantera Pky 128,700 Patrinely Group, Inc. ProposedNorthwest Hausman Center, 13615 W IH-10 104,500 Koontz McCombs ProposedNorthwest Hamilton Wolfe Medical Building 1 - 5301 Hamilton Wolfe 36,000 MSL Investments ProposedNorthwest Lockhill Crossing - 4630 N Loop 1604 126,626 Stream Realty Partners ProposedNorthwest Lockhill Selma - 4400 Lockhill Selma - Building 2 116,000 Stream Realty Partners ProposedNorthwest The Oaks at University Business Park - Network Blvd. - Bldg III 103,000 R. L. Worth ProposedNorthwest The Oaks at University Business Park - Bldg II 120,000 R. L. Worth 4Q13Northwest Corporate Campus, 4602 N Loop 1604W, Loop 1604/Lockhill Selma 110,600 N/A Proposed

Chirstus MEDiCal plaza iii thE oaks at uniVErsity businEss park

WEst riDGE onE at la CantEra


San Antonio Area

Industrial Development - Third Quarter 2013Source: J.L.L., REOC San Antonio and REDNews Research


FW BTS - Glazer’s Distributors - Hwy. 151 and S. Callaghan Road 518,000 Glazer Distributors 3Q13FW Power Loft @ Westover flex space 300,000 Power Loft Westover ProposedFW Stream Private Data Center, 9550 Westover Hills Blvd 75,840 Stream Realty ProposedNC Aero Airport Industrial Development - 9007 Aero Street 80,000 Peloton Commercial Real Estate ProposedNC Thousand Oaks Business Park 3 - 3660 Thousand Oaks 73,074 Cavender & Hill Properties, Inc. 3Q13NE Cornerstone Industrial Park - 8562 NE Loop 410 171,397 Cavender & Hill Properties, Inc. ProposedNE/Schertz BTS - Amazon Fulfillment Center - Enterprise Ave & Verde Pky. 1,200,000 N/A 4Q13NE/Schertz Titan Industrial Park, Bldg 1 - 10 - Enterprise Ave & Lookout Rd. 1,600,000 Titan Development ProposedNE/Schertz Tri-County 2 - 7045 FM 3009 80,650 Santa Barbara Development Services, LLC ProposedNE/Schertz Tri-County 3 - FM 3009 and Tri-County Pky. 40,800 Santa Barbara Development Services, LLC ProposedNE/Schertz Tri-County 4 - FM 3009 and Tri-County Pky. 22,560 Santa Barbara Development Services, LLC ProposedNew Braunfels New Braunfels Distribution Ctr - 451 FM 306 105,600 Koontz McCombs ProposedNC Green Mountain 10 - Loop 1604 and Green Mountain Road 120,000 Green Mountain Associates ProposedNW Alamo Business Center - Alamo Downs Pkwy 98,000 ALC Partners ProposedNW Alamo Ridge Business Park - 7007 Fairgrounds Pkwy 158,000 EastGroup ProposedS BTS - Halliburton - NEC I-37 and Loop 1604 400,000 Halliburton 3Q13S BTS - Maruchan Noodle Facility - 11389 IH-35 S 500,000 N/A 1Q14S BTS - Nexolon America - Brooks City-Base 240,000 Brooks City-Base 2Q14S Medio Creek Business Park, Bldgs 7,8, 10 -21, 11400 I-35 1,600,000 Union Pacific RR Co ProposedSE Alamo Junction Rail Park - 16456 Old Corpus Christi Road 400 ac rail/ind park N/A 1Q14SE Mission Rail Park - Old Corpus Christi Road 10000 ac rail hub N/A 2Q14Seguin Green Valley Industrial Park - I90 & FM 464 500,000 n/a ProposedSeguin Seguin Commerce Center, NWC I10 & Hwy 46 1,500,000 Newquest/Panattoni Development Proposed

CornErstonE inDustrial park

thousanD oaks businEss park

alaMo riDGE businEss park

sEGuin CoMMErCE CEntEr


RAY HANKAMER Hankamer & Assoc , Broker , Houston Cont r ibu t ing Wr i te r

• It’s a good time to be a buyer OR a seller

• Class A projects running at 90% occupancy with rising rates, in spite of new supply coming on line

• 6-8% rent growth in last year, but this should “cool” with increasing new supply…we have had four years of up-ward trending rents

• Transwestern and their investors focus more on sales of B & C apartments because that’s where higher, stable yields are to be found

• The CMBS market is stepping up to securitize packages of multi-family deals that fit their criteria

• There are some value added plays still going on, although

lender-held properties on the market are diminishing. One Clear Lake area deal was recently bought for $11,000 per unit and sold for $40,000

• Financing rates are rising-example was given of one proj-ect which locked rate at 4.25 at beginning of summer on a loan which would be priced today at 5.0%

• Most submarkets in Greater Houston are good…excep-tions are Greenspoint and Antoine-West Gulf Bank, where there is almost flat rate growth and occupancy around 80%

• Lots of investment transactions of MF projects in recent years: 76 in 2009; 101 in 2010; 150 in 2011; 206 in 2012; 130 to date in 2013. [Lots of happy brokers!]

• Booming office markets are mirrored by heavy MF devel-opment: Energy Corridor, Woodlands, Inner Loop “re-fill”, etc., where office and MF development is strong

• Equity players in MF segment getting leery: 18,000 units under construction and 20,000 more proposed, although many of the “proposed” will never get out of the ground

• Project costs going up due to tight labor-ExxonMobil construction site near Woodlands, for example, has guard gates to keep out contractors who might poach labor

• Labor costs are pushing up single family home costs as well, as sub-contractors struggle to find workers, with the competition for them coming from the oil patch

• Now outside investors are coming to Houston to “get in on the action” and are paying very high prices for local MF projects

• Net addition to MF supply is unclear, given huge numbers of MF units being razed in current Houston economic cycle

In General:• We are seeing far more Texas buyers

(54% of total deals) in this up-cycle--in the past out of state buyers were more dominant

• We are seeing generally about a 430 basis point spread on our graph com-paring cap rates to 10 year treasury yields

• Investors in CRE in Texas overall are bullish, as are lenders-Investors are “hungry”

• Local banks prefer lending to “local” developers

• REITS are disposing of non-core as-sets

Multi-Family:• Lots of “covered land plays”, i.e. older

MF units being bought for the land…especially projects with good loca-tions but which are 25-50 years old and lower density

• Some “value-add plays”, with B units being upgraded to A, where the yield potential is greater than C to B

• The deal making is spreading to smaller cities across Texas now, and to secondary and tertiary markets within the bigger cities

• There are few distress sales at this stage in the cycle

Retail:• Activity spreading to secondary and

tertiary markets

• Retail “covered ground” activity, i.e. older less productive properties be-ing bought for the land, to be rede-veloped as retail or other asset class

• High competition for single tenant deals is driving yields down and is driving some investors to other asset classes

• Some “cross-over investors” none the-less are coming into the retail sector

Office/Industrial:• Office-industrial sector is attracting

cross-over investors experienced in other sectors of CRE

• Lots of new development in this sec-tor as oil & gas support firms bulk up their operations and need more space

Hotel:• The franchisors are aggressive in sell-

ing “flags”, sometimes cannibalizing hotels already in place in their own family of brands

• Oil & gas demand has pushed hotel occupancy and rates to stratospheric levels in some very small and remote markets in South and West Texas, and new development is underway there

• There has been much activity in re-cent years with large private equity firms buying and operating some of the largest hotel chains-some of

these chains, having been “taken pri-vate”, are now on the verge of “going public” once again

Investor Concerns in All Segments:• Interest rates are poised to return to

“normal” ranges, i.e. higher

• Land in prime markets is less avail-able, and when it is available, it is now very pricy

• Infrastructure costs are rising

• Rising property taxes are feared

• Changing tenant / user demands

• Rising labor and construction mate-rial costs

Houston Commercial Real Estate (CRE) Outlookby David Luther, V.P. and Regional Manager Marcus & Millichap Presented at Houston CCIM monthly luncheon, 11/14/13

David Luther

Clint Duncan

Clint Duncan of Transwestern made the following comments about Houston’s Multi-Family (MF) Market at the recent O’Connor & Associates luncheon:

R AY ’ S H O U S T O N C o m m e r c i a l B u z z

Summary: pent-up demand and Houston’s growing economy has led to increased MF housing demand and higher than ever rental rates; after spurt of construction to meet this demand, investors are starting to pause to evaluate future supply/demand equation; Houston’s economy is slowing a bit, so caution is warranted.


For more information

Jim [email protected]

4,714 SF Available on 11th Floor

Space Information

Rate: $15.00 NNN psf/yr

Estimated OpEx: $12.21/SF

Occupancy: Immediate

Term: Through June 30, 2017

Parking Ratio: 3/1,000 SF

GREENWAY SUBLEASE OPPORTUNITYEight grEEnway Plaza

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Contact Broker: David Greenberg - [email protected]: 713-778-0900 Fax: 713-782-7445

Visit our website at: www.greenbergcompany.com5959 Richmond Ave., Houston TX 77057

OFFICE SPACE FOR LEASE - GREAT LOCATIONS - HIGH VISIBILITY

Richmond @ Fountain View5959 Richmond Ave.Houston, TX 77057

Space Available: *Suite 103 - 1,809 SF (Retail)

*Suite 220 - 1,918 SF (Retail)

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Bldg Size: 30,923 SFLand Size: 43,844 SF

3323 Richmond Avenue 5900 Memorial - Memorial AreaSpace Available:

12,300 SFGreenway Plaza Area

Bldg Size: 12,300 SFLand Size: 19,000 SF

Space Available:*1st Floor: 4,759 SF (Retail)2nd Floor: 1,958 SF (Office)

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WHAT’S HAPPENINGIN CRE TEXAS

The following pages contain a calendar of Texas CRE events, networking photos and deals/announcments. For more of the above, log on to REDNews.com. We update CRE news and events every day!

Events Calendar Networking

Deals& Anouncements

Sponsored By:


PEOPLEMove...on the

Brooke Bagby Transaction Manager Stream Realty

Kevin SaxeFirst Vice President CBRE Houston

Austin Barrett Associate CBRE Dallas

Erik CoslikVice President The Woodmont Company

Jerrod McQuainSenior Associate CBRE Houston

Kelley Ahrens, CCIM Vice President CBRE Dallas

Greg Cannon Executive Vice President Colliers International

Jordan Gronholz Associate The Woodmont Company

John T. BairdSenior Vice President Commercial Texas

Ed CumminsSenior Vice President CBRE Houston

Ned TorianSenior Vice President CBRE Houston

Randy BellAssociate The Woodmont Company

Jacob CoxVice President The Woodmont Company

Southeast TexasBrooke Bagby has joined Stream Realty as a transaction manager on its tenant representation team.

Ed Cummins has joined CBRE Houston as a Senior Vice President in the Land Services Group.

Jerrod McQuain has joined CBRE Houston as a senior associate on the Office Occupier team.

Kevin Saxe has joined CBRE Houston as First Vice President of the Office Occupier Team. The National Association of Industrial and Office Properties (NAIOP) named Saxe the ‘2012 Rising Star’.

Ned Torian has joined CBRE Houston as a Senior Vice President in the Land Services Group.

North TexasKelley Ahrens, CCIM has joined CBRE Dallas as a Vice President in the firm’s Healthcare Services Group.

Austin Barrett has joined CBRE Dallas as an associate in the firm’s Healthcare Services Group.

Randy Bell has joined The Woodmont Company as an associate in investment property sales.

Greg Cannon has joined Colliers International as the Executive Vice President of industrial sales and leasing.

Erik Coslik has rejoined The Woodmont Company as a Vice President in landlord leasing of existing projects and new developments.

Jacob Cox has joined The Woodmont Company as a Vice President in tenant and landlord representation.

Jordan Gronholz has joined The Woodmont Company as an associate in landlord and tenant representation.

Central South TexasJohn T. Baird has been promoted to Senior Vice President at Commercial Texas and will continue to strengthen the company’s tenant representation and development consulting services.

Building solid relationships one location at a time…

Fort Worth Headquarters 2100 West 7th St Fort Worth, TX 76107

Dallas Office 3100 Monticello Ave, Ste 825 Dallas, TX 75205

The Woodmont Company is pleased to announce new hires for 4th Quarter 2013...

With over 130 properties for sale or for lease, and over 15 Million SF of space under management, Woodmont has the experience to help your retail project succeed.

Visit us online to see our current work and connect with our quality team.

www.woodmont.com

DevelopmentBrokerage

Tenant RepresentationRetail ConsultingInvestment Sales

Asset ManagementProperty Management Receivership Services

Jacob Cox (Leasing)[email protected](214) 217-4609

Jordan Gronholz (Leasing)[email protected](214) 217-4609

Randy Bell (Investment)[email protected](817) 377-7726

Erik Coslik (Leasing)[email protected](817) 377-7726

Share yourgood news!Submit your announcements [email protected]


events C A L E N D A R

December 4 - WednesdayCREW HoustonHoliday Luncheon - Members Only11:30a - 1:00pwww.crewhouston.org

December 5 - Thursday HOLBAHoliday Party5:30p - 8:00pwww.ccimhouston.org

December 5 - Thursday CCIM HoustonHoliday Party5:30p - 9:30pwww.ccimhouston.org

December 6 - FridayHouston BOMAHoliday Luncheon11:00a - 2:00p www.ccimhouston.org

December 9 - Monday Greater Houston Partnership Power Hour with State Representative Jim Keffer8:00a - 9:00awww.houston.org

December 9 - Monday CREAM HoustonLuncheon - Judge Alan “Barb” Sadler11:00a - 1:00pwww.creamtx.com

December 10 - TuesdayCREN HoustonHoliday Party 5:30p - 8:00p www.crengulfcoast.com

December 10 - TuesdayICSC Holiday Networking Party3:30p - 7:00pwww.icsc.org

December 11 - WednesdayO’Connor & AssociatesIndustrial Forecast Lunch11:30a - 1:00p www.poconnor.com

December 11 - WednesdayULI Houston Members Only Tour of Award Finalists 11:30a - 2:30p www.houston.uli.org

December 12 - ThursdayGreater Houston Partnership Luncheon: State of Transportation with State Representative Joe Pickett 10:00a - 1:30p www.houston.org

December 12 - ThursdaySIOR HoustonHoliday Party6:00p - 8:00pwww.iremhouston.org

December 12 - ThursdayIREM Houston IREM Holiday Party - Monte Carlo6:30p - 10:30pwww.iremhouston.org

December 17 - TuesdayACRP - HoustonHoliday Party 5:30p - 8:00pwww.acrp.org

December 17 - TuesdayFBSCR - Sugar LandMonthly Meeting8:00a - 9:00awww.fbscr.com

SOUTHEAST TEXAS (HOUSTON AREA)

Your real estate deserves real management.Count on a CPM® professional to deliver real results.

To find a CPM®

in your area, visitwww.irem-dallas.org

For optimal returns on your real estate portfolio, turn to a CERTIFIED PROPERTY MANAGER® (CPM®).

A CPM® has:Demonstrated experience in building value Pledged commitment to the highest ethical standardsProven expertise in maximizing returns

CPM®

IREM AUSTIN PRESENTS ETH800 -Ethics for the Real Estate Manager

September 10th, 2013, 8:00am – 5:00pmFor more information and registration

visit iremaustin.org

www.iremaustin.org • 512-301-3311

Contact Ginger Coleman at 713.783.0297or [email protected] /www.ccimhouston.org

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

or CCR & Exam

Available to current Houston/Gulf CoastCCIM Chapter Members

Networking Educat ion Technology

http://www.crewhouston.org

http://www.ccimhouston.org



http://www.houston.org

http://www.creamtx.com

http://www.crengulfcoast.com

http://www.icsc.org

http://www.poconnor.com

http://www.houston.uli.org

http://www.houston.org

http://www.iremhouston.org

http://www.iremhouston.org

http://www.acrp.org

http://www.fbscr.com


December 4 - WednesdaySCR Ft. Worth Breakfast7:30a - 9:45awww.scr-fw.org

December 5 - ThursdayBOMA Ft. Worth Holiday Soiree - Members Only 5:30p - 8:30pwww.bomafortworth.org

December 5 - ThursdayNTCAR - DallasStemmon Service Award Ceremony6:00p - 8:00p www.ntcar.org

December 6 - Friday TREC - Dallas Speaker Series - Global View7:30a - 9:00awww.recouncil.com

December 11 - WednesdayIREM Dallas Santa for Seniors 1:30p - 4:30p www.irem-dallas.org

December 12 - ThursdayBOMA Dallas Engineer Lunch & Learn 11:30a - 1:00p www.bomadallas.org

December 12 - ThursdayBOMA DallasYoung Professionals “Bring Your Boss” Happy Hour5:00p - 7:00p www.bomadallas.org

December 12 - ThursdayCREW Ft. Worth Holiday Party5:30p - 8:30pwww.crewfw.org

December 13 - FridayCREW Dallas Holiday Awards Luncheon11:00a - 1:00pwww.crew-dallas.org

December 4 - Wednesday CCIM AustinHoliday Party6:00p– 9:00pwww.ccimtexas.com

December 4 - WednesdayCTCAR - AustinHoliday Party6:00p - 9:00pwww.ctcaronline.com

December 4 - WednesdayReal Estate Council – San AntonioAnnual Members Only Government Affairs 7:30a - 9:00a www.recsanantonio.com

December 10 - Tuesday CREW San Antonio Luncheon and Awards Program 11:30a - 1:00pwww.crew-sanantonio.org

December 10 - TuesdayIREM Austin Holiday Party11:30a - 1:00pwww.iremaustin.org

December 10 - Tuesday CREW Austin Holiday Party6:30p – 9:30pwww.crewaustin.com

December 11 - WednesdayULI AustinMonthly Breakfast 7:30a - 9:00awww.austin.uli.org

December 11 - WednesdayCCIM Austin Networking Event 5:30p - 7:00pwww.ccimtexas.com

December 12 - ThursdayBOMA Austin Monthly Membership Luncheon 11:30a - 1:00pwww.bomaaustin.org

December 12 - ThursdayIREM San AntonioHoliday Party 11:30a - 1:00pwww.iremsanantonio.org

December 17 - TuesdayRECA AustinDecember Awards Reception 4:30p - 6:00pwww.recaonline.com

December 18 - WednesdayHoliday Mixer 5:00p - 7:30pHosted by:RECSA, CoreNet, CREW, CCIM, STCARContact Tracy at 210-593-1200

events C A L E N D A R

“Commercial Lease Analysis, Comparison & Lease vs Own”

9 hours of MCE - Course #09-00-035-25248 - Provider #0287 Instructor Cliff Bogart, CCIM

www.ctcaronline.comCTCAR

Visit www.ctcaronline.com for pricing & registration info

COMMERC IAL

commercial real estate women

2014 SponsorshipPackages now available!

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

SPONSORSHIP OPPORTUNITIESSTART AT $750.

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

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NORTH TEXAS (DALLAS/FT.WORTH AREAS)

CENTRAL/SOUTH TEXAS (AUSTIN/ SAN ANTONIO AREAS)


n e t w o r k i n g

Out and About – Texas CRE NetworkingIt was another great month of catching up with old contacts and making new ones at the Texas networking events in October and November. REDNews also had a booth at the ICSC Dealmaker’s Conference in Dallas where we spent time with a lot of our clients – Tarantino, AmREIT, J. Beard, to name a few. Check out our pictures and be sure to send your own pictures to [email protected] to be included in our next issue!

To view more photos go to:http://www.rednews.com/networking-event-photos

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Riverway Title’s 10th Annual Texas Hold ‘Em Event at Cadillac Bar1. John Hammond, Riverway Title; Morgan

Moliver, Phase Engineering

ACRP Happy Hour at Cadillac Bar 2. Neal Stephenson, Capital Title, Jeanne

Bassetti Jullien, Gorrondona & Associates; Waylon Themer, City Bank Texas

O’Connor Luncheon at Courtyard on St. James3. Les Lobo, Lobo Energy; Morgan Moliver,

Phase Engineering; Bud Thomas, Opera-tions/Metrics Analyses/Real Estate

4. Dana Thorpe, Brightside Properties; Brian Janak, Inner Loop West

City Bank Texas Grand Opening5. Neal Stephenson, Capital Title Commer-

cial; Bill Dampier, City Bank Texas; Rus-sell Simmons, Texas Area Properties

CCIM Houston November Luncheon6. Esau Liu, EastWest Bank; Corey Fergu-

son, Raintree Commercial; Bud Fried-man, Fort Bend Real Estate Corp.



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CBRE’s Dart BowlThe Austin office of CBRE hosted a bowling fund-raiser at Dart Bowl to raise funds for Austin Habitat for Humanity. They successfully raised a little over $9,000! Congrats, CBRE!

1. Eric DeJernett, Jessie Browning, Bryan McMur-rey, Della Maxson, John Heffington

2. CBA in Austin hosted its Second Annual Real Es-tate Challenge and here are the CBRE Volleyball team winners!

CCIM Central Texas Networking Luncheon at Westwood Country Club3. Nathan Smith, CCIM, Austin Tenant Advisors(left)

and Bruce Evans, CCIM of Texas Investment Property Group received the CCIM designation in Denver October 24th, 2013. Lise Wineland, CCIM of Kennedy Wilson congratulates them on achieving this accomplishment!

CREW Austin 10th Annual Golf adventure at Grey Rock4. Emily Layton, Layton Architecture & Designs;

Beth Guillot, GSC Architects; Cynthia Ehlert, Patcraft; Lara Burns, Urbanspace

ICSC Dealmaker’s Conference in Dallas

1. Radkey Jolink, AmREIT2. Sean Gildea, Eric Drymalla, Alex Curry, Grady

Field, Janie Colin, Meghan Allen, Peggy Rou-geou of Tarantino Properties

3. Jeff Beard, The J. Beard Real Estate Company4. Catherine Harbove, REDNews, drawing the

business card of the lucky winner of a free email blast! Congrats to Sheri Arnold of Coldwell Banker Commercial!

5. Lee Ayers, Kaufman Economic Development Corporation

6. MIMCO Booth at ICSC!


SOUTHEAST TEXASDEALS DONEINDUSTRIAL

Houston (LEASE) – Falcon Control Systems, LLC leased a 20,000 SF at 3901 Airline Drive in Houston. Preston Yaggi of The National Realty Group represented the tenant, and Travis Land of NAI Houston represented the landlord, Tapper Investments.

Houston (LEASE) – Stockbridge leased 17,325 SF more at Griggs Industrial Park in Houston. Matteson Hamilton and Jeremy Lumbreras of Stream Realty Partners represented the tenant.

Houston (SALE) – Quasar Navigation Ltd purchased a 302,800 SF warehouse facility at 6501 Navigation Boulevard in Houston. Clay Pritchett of NAI Houston represented the buyer and Jim Foreman, Cape Bell and Beau Kaleel of Cushman & Wakefield represented the seller, a Bellaire-based Levey Group.

LANDHouston (SALE) – Ligomore LLC and Orinokia Supply LLC purchased a 111.93-acre tract at FM 1960 and Broze Road in Houston. Ivan Arjona of Re/Max Woodlands represented the buyers, and A. David Schwarz III and Carlos Bujosa of Transwestern represented the sellers, Skinner Lands Turkey Creek.

Houston (SALE) – Avanti Properties Group purchased 502 acres on Berdett Road in Rosenberg. Matthew Herring, James Kadlick and Chris Hutcheson of McAlister Real Estate represented the seller, Rockspring Capital.

Houston (SALE/DEVELOPMENT) – Park Underwood, LLC purchased approximately 90 acres at Bayport North Industrial Park II in Pasadena. Tim M. Thomas, B. Kelley Parker, III, SIOR, John F. Littman, SIOR, MAI and Coe Parker of Cushman and Wakefield represented the seller, Duke Realty Limited Partnership. The industrial land will be developed into finished lots for sale or build-to-suits.

MULTIFAMILYConroe (SALE) – Abbey Residential purchased two multi-housing properties: Stone Ridge at 231 Interstate 45 North and Cimarron Park at 2201 Montgomery Park Boulevard, both in Conroe. Ryan Epstein, in conjunction with the CBRE Houston Multi-Housing Group, represented the seller.

Houston (SALE) – Abbey Residential purchased three multi-housing properties: Ridge at Willowbrook at 8330 Willow Place Drive South, Woodedge at 10802 Green Creek Drive and Aston Brook at 14101 Walters Road all in Houston. Ryan Epstein, in conjunction with the CBRE Houston Multi-Housing Group, represented the seller.

Houston (DEVELOPMENT) – Mill Creek Residential, the national apartment developer, investor and operator, broke ground on the Premier Medical Center, a luxury apartment community in the Texas Medical Center in Houston. Dallas-based Hensley Lamkin Rachel Inc. is the architect. The apartments will be move-in ready in April 2015.

Houston (DEVELOPMENT) – MAS Lodging Capital LLC, on behalf of Chasewood Park Hotel, LP purchased a 7 acre site within the 32 acre master-planned office community, Chasewood Technology Park in Houston. Lisa Hankamer of Uniquity RE Partners and Mark Fowler of Transwestern represented the seller. The new Marriott SpringHill Suites Hotel is projected to open September 2014.

OFFICEHouston (LEASE) – Petrofac, Inc. leased 35,854 SF at 2020 Dairy Ashford in Houston. Gary Lawless Jr. of Cresa Houston represented the tenant, and D.A. Smith of Briarhollow Realty Group represented the landlord in house.

Houston (LEASE) – Children’s 1st Dental and Surgery Center leased 7,700 SF at the Monroe Medical Plaza in Houston. Mark Sondock of Stream Realty Partners represented the tenant, and Joel Dalak of TIG Real Estate Services represented the landlord.

Corpus Christi (SALE) – An undisclosed buyer purchased the Bank of America Tower, a 350,000 SF building at 500 N. Shoreline Boulevard in Corpus Christi. David L. Carter and Martin O’ Malley of Colliers International represented the seller, Lake Street Corpus Christi Holdings, Inc.

Houston (SALE) – Dornin Investment Group purchased two office buildings at 1250 Woodbranch Park Drive (102,950 SF) and 11931 Wichchester Lane (61,872 SF) in Houston. Dan Miller and Marty Hogan represented the seller, Peloton Commercial. There was no buyer broker.

Houston (SALE) – Cole Corporate Income Trust, Inc purchased a 97,501 SF building in the West Belt Corridor in Houston. Bernard Branca and Jared Chua of CBRE represented the seller, Crimson Real Estate Advisors, LP.

Houston (SALE) – James P. & Patricia Wuerth purchased 17,280 SF at 1739 Bingle in Houston. Thompson Green of GRI Commercial Real Estate represented the buyer, and Tim M. Thomas, B. Kelley Parker, III, SIOR, John F. Littman, SIOR, MAI and Coe Parker of Cushman & Wakefield represented the seller, Blalock 3 Joint Venture LLC.

Houston (SALE) – Tomball Regional Medical Center leased 11,396 SF at Magnolia Landmark Building at 18230 FM 1488 in Magnolia. Jason Whittington and Chris Caudill represented the tenant, and Ross Foldetta of Woodlands Commercial Realty represented the landlord.

Houston (DEVELOPMENT) – Developed by Lincoln Property and Stonelake, construction is underway on Park Ten Center, two 150,966 SF buildings located at Park Row and Park Ten Boulevard, just north of the Katy Freeway in Houston. The buildings were designed O’Brien Architecture out of Dallas. The project is expected to be completed in July 2014.

RETAIL/RESTAURANT Houston (LEASE) – USA Baby leased 9,400 SF at Piney Point Shopping Center in Houston. Bob Conwell of NewQuest represented the landlord, RPI Management.

Houston (LEASE) – Diabetes America, LLC leased 6,184 SF at FM 1960 and Eldridge Parkway in Houston. Mike Raines of CBRE represented the tenant, and Glenn Dickerson of NewQuest represented the landlord, Inland American Retail Management, LLC.

Houston (LEASE) – Flexi Compras leased 4,800 SF at 7800 Longpoint in Houston. Randy Moudry of Moudry Real Estate Advisors represented the tenant, and Simon Ha of Retail Solutions represented the landlord.

Log on to REDNews.com for daily updates


INDUSTRIAL Dallas (LEASE) – Supreme Custom Fabrications, Inc. leased 19,416 SF at 11470 Hillguard Road in Dallas. Brett Lewis and Tom Walrich of Lee & Associates represented the tenant, and John Hendricks of CBRE represented the landlord, IndCor Properties, Inc.

Grand Prairie (LEASE) – Stelfast, Inc. leased 59,400 SF at 2750 113th Street in Grand Prairie. Matt Dornak and Cannon Green of Stream Realty Partners represented the landlord, Prologis.

Grapevine (LEASE) – KMM Telecom leased 200,000 SF at 4051 N. State Highway 121 in Grapevine. Cannon Green and Blake Kendrick of Stream Realty Partners represented the landlord, DCT Industrial.

Carrollton (SALE) – A local investor purchased 30,000 SF at 3210 Skylane in Carrollton. Larry Robbins of Capstone Commercial arranged the sale

Dallas (SALE) –Vibrio Properties I, LP purchased 23,900 SF at 1849 Empire Central in Dallas. Jason Moser of Stream Realty Partners represented the buyer, and Allen Gump, SIOR, CCIM and Allyson Gump of Colliers International represented the seller, MRSL Properties.

Irving (SALE) – Manara Academy, Inc. purchased 30,000 SF at 8201 Tristar Drive in Irving. Michelle Hudson of Hudson Peters Commercial represented the buyer, and Mark Graybill of Lee & Associates represented the seller, Denkmann Associates, LLC.

MULTIFAMILYArlington (SALE) – A California-based investor purchased Mitchell Apartments, a 16-unit property at 304 East Mitchell Street in Arlington. Steve Bogoyevac of Marcus & Millichap’s Long Beach office represented the buyer, and Boyan Radic, Mason Green and Doug Banerjee of Marcus & Millichap’s Ft. Worth office represented the seller, RSP Mithcell LLC.

Carrollton (SALE) – Pensam Capital purchased Bella Vida at Coyote Ridge, an 814,904 SF multifamily property located at 4253 Hunt Drive in Carrollton. Brian O’Boyle Sr. and Jr. and Brian Murphy of Apartment Realty Advisors represented the seller.

Plano (SALE) – An investor purchased The Encore, a 240-unit property at 4700 Tribeca Lane in Plano. Charles Cirar, Ryan Reid and Jeremy Faltys of CBRE represented the seller, Zale/Corson Group, who also developed the residential property.

OFFICE (DALLAS TECH CENTER PIC) Dallas (LEASE) – Coram Healthcare Corporation of North Texas leased 9,764 SF at the Dallas Tech Center at 10105 Technology Boulevard., Suite 102 in Dallas. Lee & Associates represented the tenant, and Kevin Brookmole and Wade Smith of Colliers International represented the landlord, FSCP Dallas Portfolio 1 LLP.

Dallas (LEASE) – Sunwest Communications Inc. leased 6,898 SF at 13355 Noel Road, 1000 in Dallas. Bob Myer of Myers Commercial represented the tenant, and

Chris Lipscomb and Michael Carmichael of Colliers International represented the landlord, GT Dallas Properties.

Grapevine (LEASE) – Orange Energy Consultants LLP leased 5,813 SF at 1900 Enchanted Way in Grapevine. Nick Talley of Bradford Commercial Real Estate Services represented the tenant, and Melanie Hughes and Sharon Friedberg of Bradford Commercial Real Estate Services represented the landlord, Capital Commercial Investments, Inc.

Colleyville (SALE) – Gene Young Standard Insurance Agency Corp. purchased a 19,626 SF building in Meadow Creek Plaza at 8190 Precinct Line Road in Colleyville. Mark Wood of Howe/Wood & Company represented the buyer, and Russ Webb and LeAnn Brown of Silver Oak Commercial Realty represented the seller, 8910 Precinct Line Partners, Ltd.

Colleyville (SALE) – CCI-Colleyville I, LP purchased a 15,217 SF mixed-use office/retail condo building in the Village at Colleyville at 99 Main Street in Colleyville. LeAnn Brown of Silver Oak Commercial represented the seller, Kinecta Federal Credit Union.

Dallas (SALE) – KBS Realty Advisors purchased Highland Park Place, a 164,011 building at 4514 Cole Avenue in Dallas. Gary Carr, John Alvarado and Eric Mackey of CBRE represented the seller, Heitman.

Dallas (SALE) – Boxer Property purchased a 153,387 SF building at 4100 Spring Valley Road in Dallas. Boxer Property represented itself, and Jack Crews and Evan Stone of Jones Lang LaSalle represented the seller.

Plano (SALE) – Grupo Haddad purchased the 190,000 SF Plano Office Commons at the Telecom Corridor in Plano. Eric Mackey, Gary Carr and John Alvarado of CBRE arranged the transaction of behalf of an investor represented by Peloton Commercial Real Estate.

RETAIL/RESTAURANT Arlington (LEASE) – Serenity Dental has leased approximately 3,000 SF at North Cooper Street and Lamar Boulevard in Arlington. George Michael Lambert of The Lambert Company represented the tenant, and Cynthia Bailey of WindStar Properties represented the landlord, Lamar Land Partners I, Ltd.

Dallas (LEASE) – Sam’s Club, UTLA and Five Below leased 136,085 combined SF at The Mansfield Town Center off US Highway 287 at West Debbie Lane in Dallas. Tom Hudson of Tom Hudson Co. represented Sam’s Club, Jennifer Frank of Princeton Partners represented ULTA and Tyler Grishman and Greg Bracchi of EDGE Realty Partners represented Five Below. Stephen

Coslik and Bryan Dyer of The Woodmont Co. represented the landlord, Kossman Development Co., in all three transactions.

Richardson (LEASE) – Five Star Café leased 14,672 SF at 970 N. Coit in Richardson. Eric Deuillet and Jeremy Cummings of Structure Commercial negotiated the lease.

NORTH TEXASDEALS DONE Log on to REDNews.com for daily updates


CENTRAL/SOUTH TEXASDEALS DONEINDUSTRIAL

San Antonio (LEASE) – Omnicare of San Antonio leased 11,980 in Building C of the Network Tech Center at 12400-12460 Network Boulevard in San Antonio. John Worthen of Jones Lang LaSalle represented the tenant, and Jason Schnittger of Stream Realty Partners’ San Antonio office represented the landlord, an entity controlled by Clarion Partners.

San Antonio (LEASE) – Lone Star Safety & Supply Inc expanded to 10,000 SF at 5516 Business Park Drive in San Antonio. Carl Salvato of CBRE San Antonio represented the tenant, and Charlie Hargis of Endura Advisory Group represented the landlord, Atlas San Antonio 2, LP.

San Antonio (LEASE) – Paychex North America, Inc. leased 7,808 SF in Building A of Network Tech Center at 12400-12460 Network Boulevard in San Antonio. Todd Smith of Acclaim Group and David Ballard of Reata represented the tenant, and Jason Schnittger of Stream Realty Partners’ San Antonio office represented the landlord, an entity controlled by Clarion Partners.

MULTIFAMILYAustin (SALE) – Omninet Capital purchased Park at Crestview Apartments, a 224,272 SF property at 8200-8220 Research Boulevard in Austin. Omninet Capital was self-represented, and Forrest Bass and George Deuillet III of Hendricks & Partners represented the seller, FIRMUS Equity Partners.

OFFICEAustin (LEASE) – Neighbors Emergency Centers leased a 9,497 SF building at 12701 RR 620 in Austin. Brian Novy of the Novy Company represented the tenant, and Nick Nelson and Jim Young of KW Commercial represented the landlord.

El Paso (LEASE) – Handgards, Inc. leased 126,000 SF at 32 Celerity Wagon in El Paso. Anthony Mash of CBRE El Paso represented the landlord, 1901 Bragaw, LLC.

Austin (SALE) – Spire Realty Group LP purchased the 445,322 SF Austin Oaks, a two-building complex at 7718-7719 Wood Hollow Drive and 3409-37373 Executive Center Drive in Austin. Todd Mills and Casey Knust of CBRE represented the seller, Riverside Resources Corp.

Cedar Park (DEVELOPMENT) – VERP LLC purchased a 4.5 acre parcel from a Florida investor to be developed into a 43,240 SF medical office and

retail space at the corner of South Vista Ridge Boulevard and East Park Street in Cedar Park. The first phase, a 9,500 SF building, will break ground in the first quarter of 2014. William Harrell of Duke Commercial Real Estate will handle the leasing assignment, and RVL Architects is the architect.

RETAIL/RESTAURANT Austin (LEASE) – Texas Entertainment Bingo Hall leased 16,944 SF at The Great Northwest Shopping Center at 8721-8755 Grissom Road in San Antonio. Tim McBrearty of Retail Solutions represented the landlord.

Austin (LEASE) – Shake Shack leased 3,500 SF at 1100 South Lamar in Austin. Eric DeJernett, CCIM of CBRE Austin represented the tenant, and Bryan Dabbs of Stream Realty Partners represented the landlord, GDG South Lamar Plaza, LP.

Austin (LEASE) – Hair Studio Barbershop leased 2,000 SF at Shops on Howard Lane at 1200 Howard Lane in Austin. Dorca Simmons of Prudential Commercial represented the tenant, and Cole Brodhead and Brian Harris of Retail Solutions represented the landlord.

Austin (LEASE) – Austin Skinny Limits leased 1,827 SF at Rundberg Square at 825 E. Rundberg in Austin. Adam Fike of Southwest Strategies Group represented the tenant, and TJ Powell and Brian Harris of Retail Solutions represented the landlord.

Austin (LEASE) – Growler Room leased 1,800 SF at Willow Creek at 2400 E. Oltorf in Austin. Tami Greenberg of Office Solutions represented the tenant, and Herman Tjahja of Retail Solutions represented the landlord.

Austin (LEASE) – Deco Window Fashions leased 1,780 SF at Plaza 183 at 13450 Research Boulevard. in Austin. Andrew Perkel of Retail Solutions represented the tenant, and Monica Moore of Live Oak-Gottesman represented the landlord.

Austin (LEASE) – SRA International leased 1,760 SF at Cannon West Shopping Center at 6800 Westgate Boulevard. in Austin. Jones Lang LaSalle represented the tenant, and TJ Powell of Retail Solutions represented the landlord.

Brownsville (LEASE) – Valley Dollar Mart leased 5,000 SF at Southmost Retail at 2865-2905 Southmost Road in Brownsville. Horacio Gallegos, CCIM of Retail Solutions represented the landlord.

Brownsville (LEASE) – Crocs leased 3,100 SF at Boca Chica Square at 2921 Boca Chica Boulevard. in Brownsville. Susan Schulte of Schulte Real Estate Resources represented the tenant, and Horacio Gallegos, CCIM of Retail solutions represented the landlord.

Pflugerville (LEASE) – Bamboo Bistro leased 2,000 SF at the Overlook at Pfluger Crossing at the Southwest corner of FM 685 and Pflugerville Parkway in Pflugerville. Herman Tjahja of Retail Solutions represented the tenant, and David Simmonds of Retail Solutions represented the landlord.

McAllen (SALE) – A private, Midwest-based buyer purchased a 13,029 Walgreens at the Northwest corner of Pecan Boulevard and North 23rd Street in McAllen. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, an East Coast institution.

Austin (LEASE) - Evans Dermatology leased 5,800 SF at 3508 South Lamar in Austin. Hale Umstattd of Transwestern represented the tenant, and Tucker Francis and Alan Rust, CCIM of Retail Solutions represented the landlord.

Log on to REDNews.com for daily updates


classifieds I N D E X

advertiser I N D E X

A. A. Realty Company ........................................... 13

ACRP ................................................................... 34

APC Holdings ....................................................... 19

BACREN ............................................................... 34

CCIM .............................................................. 34, 35

City of Burnet .................Cover-Central/South, TX, 12

Coldwell Banker Commercial United .................... 21

C.R.E.A.M. .......................................................... 34

CREN ................................................................. 34

CREW ............................................................... 35

CTCAR ............................................................... 35

Fuller Realty Partners ...........................................7

Greenberg & Co. ................................................. 31

Hankamer & Associates ...................................... 19

International Church Realty ................................. 15

IREM .................................................................. 34

Lincoln Property Company ..... Cover-Southeast, TX, 3

Moody Rambin Interests ...................................... 31

NAI Houston ....................................................... 21

NEWCOR ........................................................... 15

Paradigm Commercial Brokerage ......................... 31

Phase Engineering ............................................. 32

PM Realty Group ................................................ 21

Raintree Commercial, LLC ....................................2

TAO Interests, Inc. .............................................. 41

Tarantino Properties, Inc. .................................. 8, 9

The National Realty Group, Inc. ........................... 15

Westchase District ...............................................5

Zarsky Industries ............................................... 17

10402 Valley Forge @ W. Sam Houston Pkwy

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All Concrete Construction

Highway Frontage and Visability

$1,475,000 PRICE REDUCED!

Available For Rent @ $14K NNN

TAO Interests, IncTim Opatrny • 713.621.9841

www.taointerests.comemail: [email protected]

Broker

11,000 SF Building For Sale or Lease

Advertise Here!Reserve this spot in

next month’s magazine!Contact

[email protected] | 713-661-6300


1. Be very aware of what you do, how it affects others … and how it looks to others.

2. Understand your weaknesses and build your business tools to accommodate them.

3. This is a “technical business;” take an educated approach to it.

4. The clients’ needs are the focus; it’s not about what YOU want.

5. Work hard, work smart, over a long period of time, in the same commercial real estate marketplace.

6. Never lose the information you have learned …. on EVERY deal.

7. Be very, very careful of how you spend your money; things change quickly.

I could go into much more detail on each of the above but I won’t, because anyone who reads this with interest will know what I am talking about, without additional explanation.

I am, however, going to pass on a SECRET here … one which we probably all know on some level but may not really be paying attention to: The Deal Fairy! In everyone’s life, there are moments (maybe waking up in the middle of the night, maybe while driving, etc.) when something occurs to you about a person, a property, a situation, etc., and you think “…maybe I should call, follow up, etc. on this…”, and then you forget it and don’t. What just happened is – the Deal Fairy landed on your shoulder and whispered in your ear about this situation. Whether you listen to him/her (not sure!) is up to you. What I have learned is: always, always, always stop, write it down, and MAKE that call! It is your subconscious working for you. Consistently, I have found that the call bears results which many times makes the difference between an average year’s earnings and a really good year!

GOOD LUCK AND REMEMBER, STAY WITH THE COMMERCIAL REAL ESTATE BUSINESS FUNDAMENTALS AND ….

LISTEN FOR YOUR DEAL FAIRY’S WHISPERS!

COMMERCIAL REAL ESTATE BUSINESS FUNDAMENTALS

by Mike HillMichael Hill Propertieswww.mhprop.com

100,000+ Print / Digital Distribution + Over 200 Newsstands Throughout Texas* REDNews will have additional magazines at these events

2014 Editorial Calendar

for updates visit:

January

February

March

April

May

June

July

August

September

October

November

December

Technology & Innovation in Commercial Real Estate/Social Media

Office / Office-Medical Sustainability Trends CCIM Forecast Competition

Retail / Vacant Land / EDCs Retail / Vacant Land & Development Opportunities

Industrial / Vacant Land Guide to Commercial Services Texas Land Markets Conference

ICSC Las Vegas

Office / Office-Medical Office / Office Medical Trends

Industrial / Vacant Land / EDCs Broker Industrial Sales/Leasing Trends; Commercial Services

Broker Opinions & Surveys

Office/Medical State of the 2014 CRE Market

Industrial Fall Festivals; Weekend Getaways; Hunting & Fishing; The Port of Houston 100 yr anniversary

Retail / Retail Land / The New Texas

Retail Interviews; Supplement - Special Retail Focus

ICSC Texas

Industrial / Office / Land

Month *Bonus Distribution

for more info: [email protected] | Houston: 713.661.6300 | Outside Houston: 800.836.2191

Retail /Vacant Land / Texas Development Opportunities The New Texas

Retail /Vacant Land / Texas Development OpportunitiesThe New Texas

Retail /Vacant Land / Texas Development Opportunities The New Texas

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REDNews December 2013 SE Texas

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