Oldham Goodwin's Commercial Quarterly | 1st Quarter 2011

Commercial Real Estate Quarterly Review

www.OldhamGoodwin.com

1st Quarter2011

Commercial QuarterlyRetail | Office | Industrial | Multifamily | Land | Hospitality

2 979.268.2000 • www.OldhamGoodwin.com

1st Quarter 2011Commercial Quarterly

Editor & Graphic Design: Dale Sandlin Volume 3, Issue 1© 2011 Oldham Goodwin Group, LLC. The information herein has been obtained from sources deemed reliable. Although we believe it to be accurate, we have not veri-fied it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any values, projec-tions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction depends on tax and other factors, which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

Table Of Contents

About the Cover:As exclusive agent for the owner, Oldham Goodwin is pleased to present the offering of Creekside Profes-sional Building for your consideration. The property is a true Class “A” multi-tenant medical office building, anchored by an eight (8) year lease with St. Joseph Regional Health System. The property’s attractive ex-terior and excellent curb appeal on Highway 6 make it an attractive place for tenants to do business. This excellent investment opportunity in the thriving Bryan-College Station MSA boasts long term leases to suc-cessful medical tenants and benefits from an excellent location, new high quality construction, and great vis-ibility on State Highway 6. For more information, visit www.OldhamGoodwin.com.

Property Items Explained ....................................................................................................................................................................................... 3Property Spotlight: Creekside Professional Building | College Station, Texas ............................................................................................. 4Commercial Properties For Sale............................................................................................................................................................................ 5Property Spotlight: ~14.4 Acres on Highway 21 | Bryan, Texas .................................................................................................................. 7Urban Land For Sale............................................................................................................................................................................................... 8Property Spotlight: ~19 Acres on William D. Fitch Parkway | College Station, Texas ............................................................................13Recreational & Farm/Ranch Land For Sale .......................................................................................................................................................14Property Spotlight: 500 Foch | Bryan, Texas ..................................................................................................................................................15Multifamily Properties For Sale ...........................................................................................................................................................................16Tenant Spotlight: Bryan Broadcasting ...............................................................................................................................................................17Office Properties For Lease .................................................................................................................................................................................18Industrial Properties For Lease ............................................................................................................................................................................21Tenant Spotlight: Precision Eye Care .................................................................................................................................................................22Retail Properties For Lease ..................................................................................................................................................................................23Property Location Map ........................................................................................................................................................................................26Multifamily Management Division Profile ..........................................................................................................................................................27

50

3979.268.2000 • www.OldhamGoodwin.com


Anchored By Long Term Lease With St. Joseph Regional Health System • Good Mix Of Stable

And Successful Medical Tenants • Increasing Returns With Built In • Excellent Exposure And Visibility On

Dominant Traffic Corridor, State Highway 6

Creekside Professional Building | College Station

1

New Listing

Property Items ExplainedFeatured Properties

Visit www.OldhamGoodwin.com

Property Status: This box descirbes whether the property is a New Listing, Sold or 100% Leased.

Property’s Description: This box explains the property’s features.

Property’s Map Location: This icon indicates the property’s approximate location on the map.

Location/Name: This box describes the ad-dress and city or the name of the available property.



Property Overview:As exclusive agent for the owner, Oldham Goodwin is pleased to present the offer-ing of Creekside Professional Building for your consideration. The property is a true Class “A” multi-tenant medical office building, anchored by an eight (8) year lease with St. Joseph Regional Health System. The property’s attractive exterior and excel-lent curb appeal on Highway 6 make it an attractive place for tenants to do busi-ness. This excellent investment opportunity in the thriving Bryan-College Station MSA boasts long term leases to successful medical tenants and benefits from an excellent location, new high quality construction, and great visibility on State Highway 6.

Investment Highlights:Anchored By Long Term Lease With St. Joseph Regional Health System• Good Mix Of Stable And Successful Medical Tenants• Increasing Returns With Built In Rental Escalations In All Leases• Excellent Exposure And Visibility On Dominant Traffic Corridor, State Highway 6• Great Curb Appeal With Very Attractive Building Exterior• Easily Accessible, Centrally Located In The Heart Of The Bryan/College Station MSA•

Property Spotlight: Creekside Professional Building | College Station, Texas

1

Offering Summary:Sales Price: $4,650,000Cap Rate: 8.56%Occupancy: 100%Current NOI: $398,098

Construction Features:Foundation: Reinforced Concrete SlabFrame: MetalExterior Walls: Brick VeneerRoof Structure: MembraneFloor Coverings: Tile/Carpet

Utilities:Electric: College Station UtilitiesWater: College Station UtilitiesSewer: College Station UtilitiesGas: Atmos EnergyCable: SuddenlinkTelephone: Various ProvidersMedical Office Building For Sale

Clinton D. OldhamSenior Broker Associate

Commercial Group409.781.7734

[email protected]

5

RECENT TRANSACTIONS



Commercial Properties For Sale

High Quality Construction, Built In 2005 • Five (5) Self Service Bays, Five (5) Vacuum Bays, And One (1) Automatic Drive Through Bay • Well

Established And Growing Customer Base

1404 W. Villa Maria | Bryan

6

For More Information Contact:

Clinton D. OldhamSenior Broker Associate

Commercial Groupp 979.268.2000f 979.846.7020c 409.781.7734

[email protected]

Oldham Goodwin represented the seller in the disposition of a ~50,000 SF Office Building near the San Antonio International Airport

Rare Opportunity To Acquire Restaurant Property In Northgate District • 10 Dedi-cated & Exclusive Parking Spaces • Large Patio Area With Excellent Views Of North-

gate Entertainment District

303 Boyett | College Station

5

Anchored By Long Term Lease With St. Joseph Regional Health System • Good Mix Of Stable

And Successful Medical Tenants • Increasing Returns With Built In • Excellent Exposure And Visibility On

Dominant Traffic Corridor, State Highway 6

Creekside Professional Building | College Station

1

Oldham Goodwin represented the buyer in

the acquisition of a ~18,235 SF Retail Center

Renovation & Upgrade In 2009 • Large Grandfathered Pylon Sign With Excel-

lent Exposure On Texas Avenue • Coveted Texas Avenue Address Offers Ease Of Ac-cess Through Bryan And College Station

3211 South Texas Avenue | College Station

3

New ListingNew Listing

Property In Excellent Condition, Complete Remodel In 2009 • Completely New Class “A”

Interior Finish Out, All New Mechanical & Electric Systems • Convenient Location With Coveted

University Drive Address

2805 Earl Rudder Freeway | College Station

2

Property In Excellent Condition, Complete Remodel In 2009 • Completely New Class “A” Interior Finish Out, All New Mechanical & Electric Systems • Convenient Location With Coveted University Drive Address

1005 University Drive | College Station

4

New Listing

6

RECENT TRANSACTIONS



Oldham Goodwin represented the seller in the

disposition of a Six Bay Car Wash in

College Station

~79,686 SF With Adjacent Pad Site • JC Penney Anchored Neighborhood Shopping Center • Potential Redevelopment Oppor-tunity With Availability Of Grocery Box • Good Mix Of Local & National Tenants

Market Square Shopping Center | Brenham

Commercial Properties For Sale

Located In The Heart Of Restaurant Row On University Drive & Highway 6 • Freestand-ing Building With Tremendous Visibility From University Drive • Attractive New Construction

Gateway Retail Center | College Station

11

Oldham Goodwin represented the seller in the

disposition of a ~53,628 SF

Office Complex


Clinton D. OldhamSenior Broker AssociateCommercial Groupp 979.268.2000f 979.846.7020c [email protected]

9

Priced Competitively At Only $110.50/SF • Property Is Part Of The Profession-ally Managed Longmire Business Park • ~7,000 SF Total With Over ~4,000 SF Of Available Office Or Medical Space

3310 Longmire | College Station

10

Well Maintained, Property In Overall Great Condi-tion • Great Visibility & Exposure To High Traffic

Counts On Texas Avenue • Ingress And Egress From Multiple City Thoroughfares • Move In Ready For Retail Bank Location Or Modifiable To Other Uses

2706 S. Texas Avenue | Bryan

12

Great Opportunity For Investor Or Own-er Occupier In An Irreplaceable Loca-

tion • Significant Upside With Lease-Up Of Vacant Suites • Tremendous Location

Close To Texas A&M University

United Plaza | College Station

8

Well Maintained, Property In Overall Great Condition • Great Visibility & Ex-

posure To High Traffic Counts • Seven Of-fices With A Very Large Reception Area

2100 William J. Bryan | Bryan

7



Property Spotlight: ~14.4 Acres on Highway 21 | Bryan, Texas

Commercial Development Land For Sale

Jesse C. DurdenSenior Broker Associate

Land Group979.492.0425

[email protected]

Property Highlights:Outstanding Redevelopment Tract On Major Thoroughfare• Strong Potential For Commercial & Multifamily Uses• Less Than ½ Mile From A New HEB Grocery Redevelopment• One Of The Largest Developable Tracts Near Highway 21, Highway 6 & Texas • Avenue~1,750 SF Office On-Site•

Ideal For:Retail • Restaurant• Convenience Store • Office• Hotel • Multifamily*•

*With Conditional Use Permit Or Rezoning

Accessibility:Property can be accessed via Highway 21 or Brookhaven Street.

Visibility:Property has outstanding visibility from both Highway 21 & Brookhaven Street.

Offering Summary:$2,180,000 OR $3.48/SF*

*Price does not include equipment

Utilities:Electric: Bryan Texas UtilitiesWater: Bryan Texas UtilitiesSewer: Bryan Texas UtilitiesCable: Public AvailableTelephone: Public Available

Frontage: (per Google Earth)~760 Feet on Highway 21~450 Feet on Brookhaven Street1

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RECENT TRANSACTIONS



Urban Land For Sale

Subject

Oldham Goodwin represented the buyerin the acquisition of a ~1.1

AC tract in Harker Heights, Texas


Vernie D. BoddenSenior Broker AssociateLand Groupp 979.268.2000f 979.846.7020c [email protected]

Outstanding Development Tract In Desirable South College Station • Within The New

HEB-Anchored Tower Point Development • All Utilities • Strong Commercial And Retail

Traffic Generators

Tower Point Tract C | College Station

17

Located On State Highway 6 • Ad-jacent To Nationally Flagged Best Western Hotel • Close Proximity To

Numerous National Retailers

~1.93 AC on Highway 6 | Navasota

18



Traffic Generators

Tower Point Tract B | College Station

16

Outstanding Development Tract In Desir-able South College Station • Strong Po-

tential For Commercial & Multifamily Uses • Less Than 1½ Miles From New HEB &

Lowes Anchored Commercial Developments

~19 AC on East 29th Street | Bryan

14

Outstanding Redevelopment Tract On MajorThoroughfare • Strong Potential For Com-mercial & Multifamily Uses • Less Than ½

Mile From A New HEB Grocery Redevelop-ment • ~1,750 SF Office On-Site

~14.4 AC on Highway 21 | Bryan

13


the acquisition of a ~3.36 AC tract on FM 2818

New Listing

Excellent Medical Development Property • Strong Demographics & Traffic Counts • One

Of Few Remaining Undeveloped Tracts In Area • Located On Major Commerce Thoroughfare

~11 AC on East 29th Street | Bryan

15

New Listing

9

RECENT TRANSACTIONS





Land Groupp 979.268.2000f 979.846.7020c 979.492.0425

[email protected]

Urban Land For Sale

Oldham Goodwin represented the seller in the disposition of a ~1.27 AC

tract to an IHOP Franchisee

Oldham Goodwin represented the seller in the disposition of a ~1.57 AC

tract to Walgreens

Planned Commercial Development • Ideal For Restaurant • Exceptional Location &

Visibility • Next To New IHOP • ~70,000 Vehicles Per Day On Highway 6

Boonville Town Center-Tract A | Bryan

23

Planned Commercial Development • Ideal For Retail Or Bank • Exceptional

Location & Visibility • Architectural Controls • Great Neighborhood Corner

Boonville Town Center-Tract B | Bryan

24

5 Floors • 167 Guest Rooms • ~23,000 SF Conference Center Building • ~400 LF Of Frontage Along Texas Avenue With Poten-tial For More Additional Frontage Along Milliff Road • 3.956 Acres Of Prime Land

Hotel & Conference Center | College Station

22

Regular Shape & Topography, Suitable For Development • Convenient Access to US 290 • Less Than 30 Minutes To Houston’s Metropolitan Area • Good Visibility & Paved Road Frontage

• Situated Along High Growth Corridor

~53 AC on Highway 290 | Waller

21

Close Proximity To Highly Traveled Wellborn Road • Regular Shape &

Topography • Quick & Easy Access To State Highway 40

~7.4 AC on North Graham | College Station

19

Excellent Visibility Along State High-way 6 • ~29,000 VPD (per TXDOT) • Convenient Access To State Highway

6 South

~4.5 AC on Highway 6 | College Station

20

10

RECENT TRANSACTIONS



Oldham Goodwin represented the seller in

the disposition of a ~23 AC tract on Elmo Weedon Road


the acquisition of a ~17 AC tract in Tower Point

Development



Traffic Generators

~2.3 AC on Arrington Road | College Station

30

Urban Land For Sale

Located At Lighted Intersection On Highway 21 • Highly Visible Hard Corner • Adjacent To Pro-posed Nationally Flagged Hotel • Close Proxim-ity To Highway 36 & Highway 21 Intersection

~4.76 AC on Highway 21 | Caldwell

29



Planned Commercial Development • Ideal For Restaurant/Hotel/Retail/Mixed Use • Exceptional Location & Visibility • Archi-

tectural Controls • Deed Restrictions

Planned Commercial Development • Ideal For Restaurant or Retail • Excep-tional Location & Visibility • ~70,000

Vehicles Per Day on Highway 6

Boonville Town Center-Tract E | Bryan

Boonville Town Center-Tract F | Bryan

27

28

Planned Commercial Development • Ideal For Restaurant Or Retail • Excep-tional Location & Visibility • ~70,000

Vehicles Per Day on Highway 6

Boonville Town Center-Tract D | Bryan

26

Planned Commercial Development • Ideal For Multifamily Use • Exception-al Location & Visibility • Great Value

On Interior Lot • Deed Restrictions

Boonville Town Center-Tract C | Bryan

25

11

RECENT TRANSACTIONS



~.95 Acres On The Corner Of Red-mond Drive & Texas • Prime Commercial Corner In The Heart Of College Station • Within ½ Mile Of Texas A&M University

• All Utilities Available To Site

~.95 AC on Texas Avenue | College Station

32

Commercial Development • Quick Ac-cess To Highway 30 & SH 6 • Office/

Warehouse Users • Preliminary Site Plan & Master Preliminary Plat Created

~6 AC on Associates Avenue | College Station

31

Well Situated & Highly Developable • In High Growth Corridor Of Northeast

Bryan • All Utilities Available • Ideal For Restaurant Or Carwash User

2112 W. Briargate Drive | Bryan

33

Great Commercial Tract Centrally Located In College Station • Access From Texas Ave

& Morgans Lane • Ideal For Hotel Or Office Development • All City Utilities Available

~3.72 AC on Texas Ave | College Station

34



Land Groupp 979.268.2000f 979.846.7020c 979.492.0425

[email protected]

Urban Land For Sale


the disposition of a ~25 AC tract on Old Reliance Road


the disposition of a ~30 AC tract on County Road 175

Highly Developable Commercial Tract • Lo-cated In High Growth Corridor Of Northeast Bryan • Highly Visible • Access From 2 Roads • Ideal For Office Development Or Car Lot

~3.92 AC on N. Earl Rudder Fwy | Bryan

35

Located Directly On State Highway 40 (William D. Fitch Parkway) • Adjacent To Highly Successful Office Development • In Close Proximity To Many Subdivisions

~.96 AC on William D. Fitch | College Station

36

12

RECENT TRANSACTIONS



Highly Developable Tract In High Growth Corridor Of Northeast Bryan • Situated At A Signaled Intersection • Extrememly High Traf-

fic Counts • All City Utilities Available • Ideal For Neighborhood Retail Or Hotel Use

~4 AC on William J. Bryan Pkwy | Bryan

41

Urban Land For Sale

Oldham Goodwin represented the seller in the disposition of a ~120 AC

of Industrial Land inBrenham

Site

Oldham Goodwin represented the seller in the disposition of a ~6.5 AC of Multifamily Land in College

Station



Highly Visible On Ranch Road 620 • Located In The High Growth Community Of Lakeway, Texas • Located Adjacent To New Lakeway

Regional Medical Center • Ideal For Medical Office Or Assisted Living Facility

~12.69 AC on S. Ranch Road 620 | Austin

40

Ideal Light Industrial Tract • Access From 2 Roads • All City Utilities Avail-

able • In Close Proximity To State Highway 6 & Highway 21

~6 AC on Clarks Lane | Bryan

39

Extremely Rare Large Tract Platted For Multi-family Development • Adjacent To Highly Suc-cessful Multifamily Project • Quick Access To FM

2154 (Wellborn) & State Highway 40

~19.236 AC on Greens Prairie | College Station

38



[email protected]

The Land Group specializes in Urban Land as well as Recre-

ational & Farm/Ranch Land. If you are considering buying or selling land, please contact me

today to discuss your needs.

Located In Close Proximity To Texas A&M University • In Close Proximity To New Texas A&M Health Science Center • Ideal For Neighborhood Strip Retail Development • All Utilities Available

~10 AC on FM 2818 | Bryan

37



Property Highlights:Outstanding Development Tract In Desirable South College Station• Strong Potential For Commercial & Multifamily Uses• Less Than 1½ Miles From New HEB & Lowes Anchored Commercial Develop-• mentsIn Close Proximity To Established Residential Developments & The New College • Station High SchoolAll Utilities•

Ideal For:Retail • Restaurant• Convenience Store • Office• Medical • Multifamily•

Accessibility:Property can be accessed via William D. Fitch Parkway.

Visibility:Property has excellent visibility from William D. Fitch Parkway.

Property Spotlight: ~19 Acres on William D. Fitch Parkway | College Station, Texas

14

Offering Summary:To Be DeterminedOwner Will Ground Lease Or Build-To-Suit With Acceptable Terms

Utilities:Electric: College Station UtilitiesWater: College Station UtilitiesSewer: College Station UtilitiesCable: Public AvailableTelephone: Public Available

Zoning:PDD, Planned Development District C-1, General Commercial A-P, Administrative Professional R-4, Multifamily

Commercial Development Land For Sale

Vernie D. BoddenSenior Broker Associate


[email protected]

14

RECENT TRANSACTIONS



Subject


the acquisition of a ~30 AC recreational tract


Jesse C. DurdenSenior Broker AssociateLand Groupp 979.268.2000f 979.846.7020c [email protected]

Commercial And PD-Housing Zoning • In Growing West Bryan, Near Lake Bryan •

Nearly 1 Mile Of Frontage On FM 2818 • Strong Utility Service – Development Ready

~164 AC on FM 2818 | Bryan

44

Ideal Recreational Tract • Located In Direct Growth Path Of College Station • New Fencing & Entrance • Rolling Topog-

raphy With Large Trees

~70 AC on Taylor Road | College Station

46

Excellent Recreational Property Close To Bryan/College Station • Offers Mix Of Wooded And Open Pasture • Two Stock

Tanks • Good Long-Term Investment

~153 AC on Highway 21 Business | Kurten

45

Recreational & Farm/Ranch For Sale

Close Proximity To State Highway 6 • Directly In The Projected Growth Path Of

The City Of College Station

~16.67 AC on Narrow Way | College Station

42

Close Proximity And Convenient Access To State Highway 6 • Directly In The Projected Growth Path Of The City Of College Station • Regular Shape, Suitable For Development

~4.2 AC on FM 158 | Millican

43

Vernie D. BoddenSenior Sales Associate


[email protected]

The Land Group specializes in Urban Land as well as Recre-

ational & Farm/Ranch Land. If you are considering buying or selling land, please contact me

today to discuss your needs.

Oldham Goodwin represented the seller in the disposition of a ~617 AC

recreational tract



Property Overview:500 Foch is a garden-style, multifamily community located in Bryan. The property consists of 16 units completed in 1971 totaling 6,400 square feet. 500 Foch is conveniently located within close proximity to Texas A&M University.

Bryan/College Station is home to Texas A&M University, one of the largest universi-ties in the country with a Fall 2010 enrollment of 49,129 students. Bryan-College Station is located within the “Texas Triangle” - a triangle formed by Dallas,Houston, Austin and San Antonio. It is 95 miles north of Houston, 169 miles south of Dallas, 166 miles northeast of San Antonio and 104 miles east of Austin.

Property Highlights:Walking Distance To Texas A&M University• On The Texas A&M Shuttle Route• In The Historic Northgate Area• Recently Renovated • Consistent Rental History•

Property Spotlight: 500 Foch | Bryan, Texas

48

Offering Summary:Offering Price: $519,000Price Per Unit: $32,437 Price Per SF: $81.09Occupancy: 81%Existing Financing: Available On All Cash Basis

Construction Features:Foundation: SlabFrame: TraditionalExterior Walls: Masonry/SidingRoof Structure: CompositionFloor Coverings: Carpet/Linoleum

Utilities:Electric: Bryan Texas UtilitiesWater/Sewer: Bryan Texas UtilitiesTelephone: Verizon

16-Unit Apartment Community For Sale

Rick T. Lemons , CCIMSenior Broker Associate

Multifamily Group979.255.1950

[email protected]

16

RECENT TRANSACTIONS



Multifamily Properties For Sale

Oldham Goodwin represented the buyer in the

acquisition of a 134 Unit, Student Oriented Apartment

Complex


Rick Lemons, CCIMSenior Broker AssociateMultifamily Groupp 979.268.2000f 979.846.7020c [email protected]

Excellent Value Add Opportunity • Con-venient To Texas A&M • Fully-Equipped Kitchens • With Dishwasher, Stove/Oven,

Refrigerator & Garbage Disposal

405 & 407 Cherry Street | College Station

New Listing

47

Oldham Goodwin represented the buyer in the acquisition of a 112 Unit Apartment Complex

Convenient To Texas A&M • Fully-Equipped Kitchens • Washer And Dryer Connections • On TAMU Bus Route • Large Lot • Deck •

24-Hour Emergency Maintenance

105 Winter Park | College Station

50

Over 1.5 Acres • 2,400 SF Minimum Build • Deed Restricted • Small Pond

• Survey On File

2001 Moses Creek | College Station

49

Rick Lemons , CCIMSenior Broker Associate | Multifamily Group979.255.1950 | [email protected]

The Multifamily Group at Oldham Goodwin specializes in Apartments, Fourplexes, Triplexes and Duplexes. If you are

considering purchasing or selling a Multifamily property, we would appreciate the opportunity to speak with you about your needs.

16 Units • Walking Distance To Texas A&M University • On The Texas A&M Shuttle Route • In The Historic North-

gate Area • Recently Renovated

500 Foch | Bryan

New Listing

48



Bryan Broadcasting Corporation is the only locally owned commercial media in the Brazos Valley. From atop the Crystal Park Plaza in College Station, Bryan Broadcasting operates seven radio stations and prints a vari-ety of magazines distributed throughout the area.

The radio stations owned by Bryan Broadcasting have been a fixture in the community for years. In fact, what is now News/Talk 1620 WTAW had its beginnings in 1919 as an experimental radio station belonging to Texas A&M University. The station is credited with broadcasting the first play-by-play of a football game. WTAW is still home for the Aggies today. Bryan Broadcasting stations are the flagship for Texas A&M Athletics radio broadcasts.

Each of the Bryan Broadcasting stations employ local announcers to broadcast the latest news, sports, weather, and discuss topics that are important to the Brazos Valley. Whether updating listeners on icy conditions and school closings, hosting candidate forums for local elections, or supporting a local artist on American Idol, Bryan Broadcasting DJs and announcers are plugged in to the community.

Commitment to the community is part of the job at Bryan Broadcasting. Over the last four years, the stations have raised over $300,000 for life-saving equipment in St. Joseph’s Neonatal Intensive Care Unit; Children of low-income families have received toys and clothes for Christmas through Bryan Broadcasting’s annual Christ-mas Angels program; and, the stations donate thousands of dollars of free airtime to local organizations and charities throughout the year.

The Bryan Broadcasting account executives are advocates for local business. Utilizing the stations’ presence on air, online, on location, and even on mobile devices, the sales team creates compelling campaigns for local advertisers.

Bryan Broadcasting’s Publications division produces 13 full-color, glossy magazines each year including Brazos Valley Bride, Brazos Family, Brazos Wellness, BrazosLife, At Home and Best of the Brazos Valley. Subscriptions are free. To be added to the mailing list for any publication, email [email protected]

Tenant Spotlight:

On The Air:KNDE – Candy 95 (95.1-1 FM), Rock • Candy (95.1-2 FM), The Zone FM (95.1-3 FM)KZNE – Sports Radio 1150, The Zone• WTAW – News/Talk 1620 • KAGC – 1510 AM, Christian Family • RadioKWBC – Navasota News 1550 AM •

Online:www.BryanBroadcasting.com•

On Mobile:Text Message Marketing• RadioAggieland App•

In Print:Bryan Broadcasting Publications•

Located At:Crystal Park Plaza

College Station, Texas

Office Space For Leasewww.OldhamGoodwin.com

Bryan BroadcastingCandy 95.1 WTAW 1620 KZNE 1150 KAGC 1510 kwbc 1550

Bryan Broadcasting Staff - Attends the Texas Broadcaster Of The Year Banquet in Austin, honoring General Manager Ben Downs

18

RECENT TRANSACTIONS



Office Properties For Lease

Class “A” Professional Office Building • Wide Range of Suite Configurations • High Visibility With Exceptional Traf-fic Counts • Range Of Available Spaces:

~1,707 - ~12,059 SF

Convenient For A Variety Of Users Including Pro-fessional Office Or Medical Tenants • ~4,013 SF Of Available Space • Excellent Visibility On Long-mire Drive, A Major College Station Thoroughfare

Crystal Park Plaza | College Station 3310 Longmire | College Station

54 55

Great Visibility & Exposure To High Traf-fic Counts On William J Bryan Parkway • Seven Offices With A Very Large Recep-tion Area • Available Space: ~2,375 SF

2100 William J Bryan | Bryan

56


Brock RobertsonLeasing Associatep 979.268.2000f 979.846.7020c [email protected]

Oldham Goodwin repre-sented the landlord in the lease for Medi-Weightloss at University Park Plaza

Oldham Goodwin repre-sented the landlord in the lease for Greenwood &

Hall at Texas Avenue Plaza

First Generation Space Allows For Custom Build Out • High Visibility With Exceptional Traffic Counts • Convenient Access To Restau-rants, Retail, Medical & Office • Range Of

Available Spaces: ~1,500 - ~6,360 SF

Memorial Village | Bryan

53

Customizable Office Space With Open Floor Plan • Private Office Park With Favorable

Co-Tenancy • Easy Access To Highway 6 South • Controlled Building Access & Gated Office

Park Entrance • Available Space: ~10,598 SF

Texas Digital Building | College Station

52

Class “A” Professional Medical Office Building • Wide Range Of Suite Sizes And ConfigurationsConvenient Access To Highway 6 & University Drive • Range Of Available Spaces: ~428 -

~4,200 SF Contiguous

Physicians Centre | Bryan

51

New Tenant

19

RECENT TRANSACTIONS



Attractive New Construction With Contemporary Landscaping • Estab-lished Co-Tenant • Excellent Visibility • First Generation Space • Available

Space: ~3,900 SF

Lawyers Title Co. Building | College Station

Immediate Occupancy Available • Excellent Visibility With Frontage On

Texas Avenue • Numerous Recent Capi-tal Improvements • Range Of Available

Spaces: ~592 - ~16,112 SF

Texas Avenue Plaza | Bryan

57 58

Oldham Goodwin repre-sented the landlord in the

lease for Creative Works at Copper Chase Office Park


lease for Centrieva Corpo-ration at Oxford Court


Robert J. YoungDirector of Commercial Leasing

Senior Broker Associatep 979.268.2000f 979.846.7020c 979.324.1717

[email protected]

~1 Mile From Texas A&M University • One Block From Wolf Pen Creek Am-phitheater & Park • Range Of Avail-able Spaces: ~2,500 - ~3,524 SF

Wolf Pen Ridge | College Station

59


Centrally Located Within Bryan/College Station • Small To Mid-Sized Suite Con-figurations • Within ~1.5 Miles Of Texas A&M University • Range Of Available

Spaces: ~264 - ~2,001 SF

United Plaza | College Station

61

Executive Style Office Suites • Lo-cated Along Hwy 40 Near Castlegate & Castlerock Subdivisions • ~1 Mile From Hwy 40/Hwy 6 Intersection •

Available Space: ~696 SF

Oxford Court | College Station

60

New Tenant

New Tenant New Tenant

~1 Mile From The Briarcrest Exit Off Highway 6 • Within 2 Miles Of Both TAMU Main Campus And Blinn Col-lege • Centrally Located • Range Of Available Spaces: ~461 - ~2,850 SF

Executive Office Plaza | Bryan

62

Price Reduction Price Reduction

20

RECENT TRANSACTIONS




Great Visibility & Exposure To High Traf-fic Counts On University Drive • Move-In

Ready For Doctors Office Or Profes-sional Office User • Range Of Available

Spaces: ~2,000 - ~3,141 SF

University Park Plaza | College Station

64

~1 Mile From Blinn College • Small, Mid & Large Sized Suite Configurations Available • Less Than 1/4 Mile From St. Joseph’s Re-gional Medical Center • Range Of Avail-

able Spaces: ~130 - ~5,162 SF

Copper Chase Office Park | Bryan

66

Central Location To Thriving Commercial And Residential Growth • Vast Traffic Flow From Texas Avenue • ~400 FT Of Front-age On Hwy 6 • Range Of Available

Spaces: ~1,268 - ~11,032 SF

Southwood Business Center | College Station

65



Oldham Goodwin repre-sented the landlord in the lease for Accurate Drug

Testing Solutions at Copper Chase Office Park


lease for MBL Metals at The Emporium

~1.5 Miles From St Joseph Regional Health Center & ~1 Mile From Blinn

College • Range of Available Spaces:~ 1,500 - ~6,000 SF

1200 Briarcrest | Bryan

63

If you are considering leasing space, please contact our group and allow us to provide you with the insight and accessible

expertise you need to make an informed decision.


Senior Broker Associate979.324.1717

[email protected]

21

RECENT TRANSACTIONS



Oldham Goodwin repre-sented the landlord in the lease for WEC Land Ser-

vices at United Plaza


leases for Basis Solutions at Conner Steel Building




[email protected]

Easy Access To Highway 6 South & Rock Prai-rie Road • Six 12’ Overhead Roll Up Doors • Flexible Floor-Plan Easily Divisible To Accom-modate A Variety Of Businesses • Range Of

Available Spaces: ~401 - ~14,926 SF

The Emporium | College Station

68

Industrial Properties For Lease

~20,473 SF Of Office & Warehouse Space • ~32,000 SF Of Yard Space

• High Quality Metal Construction With Four 20’ High Overhead Doors

12761 State Highway 30 | Bryan

67

Brock RobertsonLeasing Associate

469.363.8619 | [email protected]

If you or your business is looking to relocate, expand or downsize, contact me today to find out how Oldham Goodwin can help find you a great location. For more information regarding our leasing services,

please contact me today.



At Precision Eye Care, we are committed to promoting healthy eyes and clear vision. Our goals are to address all of our patients’ visual needs, to educate patients about their eyes, to provide superior customer service, and to provide high-fashion, quality eyewear.

To Achieve These Goals, We Offer:Well-Vision Eye Exams For All Ages Including Babies And The Elderly• Medical Exams To Diagnose And Treat Eye Diseases• Dry Eye And Allergy Eye Evaluations• Vision Therapy For Patients With Double Vision, Eye Turns, And Lazy Eye•

Gentle Corneal Reshaping• Contact Lenses Including Bifocal •

ContactsOptical Boutique With Over 450 •

Designer FramesLiberal Warranty Policy On •

Eyewear PurchasesSunglass Outlet Including Oakley •

And Ray-Bans

Tenant Spotlight:

To Schedule An Appointment:Call 979-985-5305 Or Visit Us On The Web At www.bcseyes.com.

Our Office HoursMonday ClosedTuesday 10:00-6:30Wednesday 10:00-6:30Thursday 10:00-6:30Friday 10:00-6:30Saturday 9:00-4:00Closed Daily For Lunch 1:00-2:00

Located At:Plazas At Rock PrairieCollege Station, Texas

Retail Space For Leasewww.OldhamGoodwin.com

23

RECENT TRANSACTIONS



Retail Properties For Lease

Junior Anchor Availability • Over 600 Feet Of Frontage Along Texas Avenue • Less

Than 1/2 Mile From TAMU • Five Points Of Access Off Of Three Major Thoroughfares

• Available Space: ~12,467 SF

University Shopping Center | College Station

74

Convenient & Easy Access From Two Thor-oughfares • Recently Renovated With Fresh

Exterior Paint • Excellent Visibility With Frontage On Texas Avenue • Range Of Available Spaces: ~1,800 - ~3,960 SF

Mid-Town Center | Bryan

73

Oldham Goodwin repre-sented the tenant in the lease for Fish N’More at

Tejas Center

Oldham Goodwin repre-sented the landlord in the lease for Peach Blossom

Island Group at Plazas At Rock Prairie




[email protected]

Located In Underserved South College Station • Affluent And Rapidly Expanding Population • Multiple Ingress/Egress Points Allows For Convenient Access • Range Of Available Spaces: ~1,200 - ~15,000 SF

Tower Point | College Station

72

~3,500 SF Restaurant With Covered Patio• 10 Dedicated And Exclusive Parking Spaces • Rare Opportunity For Lease

Space In The Northgate Historical District

303 Boyett | College Station

71

Located In The Heart Of Restaurant Row On University Drive & Highway 6 • Freestanding Building With Tremendous Visibility From Uni-versity Drive • Available Space: ~3,566 SF

Gateway Retail Center | College Station

70

High Visibility With Exceptional Traffic Counts •Convenient Access To Large Rural Housing De-velopments • Located Near America’s Country Store, Wellborn Post Office, And Hullabaloo’s Diner • In-Line And End-Cap Suites Available

Wellborn Landing | Wellborn

New Listing

69

24

RECENT TRANSACTIONS



Located In The Heart Of College Station’s Retail Corridor • Excellent Visibility At The Corner Of Texas Avenue & Harvey Road Located Within Close Proximity To HEB &

Target • Available Space: ~2,263 SF

Park Plaza Center | College Station

76


Available Space: ~1,594 SF • Dy-namic Growth Area • Central Location With High Traffic Counts • Great Vis-ibility And Access On Texas Avenue

Shops on Texas | College Station

79

Range Of Available Spaces: ~1,430 - ~19,225 SF • Competitive Rental Rates And

Build-Out Allowance • Restaurant Space Available • Adjacent To Post Oak Mall

Post Oak Square | College Station

78

Big Box Availability • Less Than 1 Mile From Hwy 290 • Less Than 3 Miles From Blue Bell Creameries • Range Of Avail-

able Spaces: ~2,000 - ~38,046 SF

Market Square Shopping Center | Brenham

80


lease for Merle Norman at Post Oak Square



Oldham Goodwin repre-sented the landlord in the lease for Yogurtland Col-lege Station at Park Plaza

Center

Remaining Available Space: ~2,061 SF & ~0.79 AC Pad Site • ~4 Miles

From TAMU • High Daytime Population • Southern “Gateway” Of College Station

Plazas At Rock Prairie | College Station

75

Convenient & Easy Access From Interstate 45 • Excellent Visibility With Frontage

On 11th Street • Diverse And Established Retail Tenant Mix • Range Of Available

Spaces: ~4,337 - ~6,638 SF

Grant Plaza | Huntsville

77

25

RECENT TRANSACTIONS






[email protected]

Oldham Goodwin repre-sented the landlord in the lease for Caliber Collision at 601 South Texas Avenue

in Bryan

~3.6 Miles From Texas Tech University & ~2 Miles From Lubbock Christian

University • Available Space: ~1,952 SF • Great Visibility From Loop 289

West Wind Shopping Center | Lubbock

83

~3.5 Miles From Silverlake, A 3,500 Home Residential Development • ~5

Miles From The 288/518 Intersection • Available Space: ~2,200 SF

Longwood Crossing | Pearland

82


~5 Miles From TAMU • ~1.5 Miles From Miramont Country Club • Range Of

Available Spaces: ~1,500 - ~2,100 SF • Rapid Population Growth & Business

Development Within The Area

Brookhaven Retail Center | Bryan

84

~8,000 SF Pad Site Available • Located In The Center Of The Most Densely-Populated Student Area In College Station • Located

Less Than ½ A Mile From TAMU • Range of Available Spaces: ~1,500 - 6,000 SF

Southwest Crossing | College Station

81

Anchored By Super Walmart Of College Station • Great Access To The Center With Entrances On Longmire & Texas Avenue •

Available Space: ~788 SF

Southwood Plaza | College Station

85

Convenient Community Retail Center • Great Vis-ibility & Access On Southwest Parkway & Texas Avenue • Centrally Located Near Texas A&M University And Residential Subdivisions • Range Of Available Spaces: ~1,161 - ~45,500 SF

Park Place Plaza | College Station

86

Oldham Goodwin repre-sented the tenant in the

lease for Froyoyo Yogurt at Woodstone Center

New Tenant



Property Location Map

This map of the Bryan & College Station city limits is for marketing purposes only and may not accurately depict the actual city limits. This map is not to scale and all property locations are approximate.

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Multifamily Management Division Profile

For More Information About These Services, visit www.OldhamGoodwin.com.

15105B Silver Springs, College Station, TexasHandled the lease up, management and stabilization of a recently constructed 94-unit, •Class “A” propertyTook over management in November 2009, while property was in the mid 70% range, •and had property 100% leased by Summer 2010Worked closely with property tax consultant to lower the property’s assessed value result-•ing in an estimated $33,500 reduction in property taxes

2800 South Texas Avenue, Suite 401Bryan, TX | 77802

Phone: 979.268.2000 | Fax: 979.846.7020www.OldhamGoodwin.com

Multifamily Management Overview

401 Lincoln, College Station, TexasRepresented investment group in negotiation and acquisition of this 80-unit multifamily •asset in June 2010TookoverinthemiddleofSummerTurnandquicklytransitionedtofinishleasingandcom-•plete all turns without losing competitive edge to other apartment communities in the areaCompleted Phase I Capital Improvements this winter in order to increase property value •while enhancing conditions for residents Performed cost segregation study to accelerate asset depreciation & reduce owner’s tax •liability

2401 Welsh Avenue, College Station, TexasRepresented investment group in the negotiation and acquisition of this 134-unit multifam-•ily asset in April 2008.Through an ambitious renewal and marketing campaign, increased stabilized monthly •revenue8.35%infirst9monthsCurrently overseeing extensive unit renovations including: new paint, baseboard installa-•tion,flooringandcabinetupdates,aswellasinstalling washer/dryer connections to drive future demand and revenue

1806 B Yellowhouse Circle, College Station, TexasRepresented an investment group in the negotiation & acquisition of this 112-unit multifamily asset•IncreasedNOIby9.30%thefirstfullyearaftertakeover•Negotiated bulk services agreement with cable & internet service provider to create a more •marketable&costefficientpackageforcurrent&futureresidents&reduceoperatingexpensesPerformed cost segregation study to accelerate asset depreciation and reduce owner’s tax li-•abilityExceeded budgeted NOI by 8.31% in 2010•

1601 Anderson, College Station, TexasRepresented buyer in the negotiation and acquisition of this 84-unit multifamily asset•Completedextensiveupgradestounitsincludingnewflooring,paintappliances,HVAC•systems and fenced yards on select unitsImplementedcostcontainmentmeasuressuchaslowflowwaterdevices,propertytaxap-•peal, pool salt water chlorinators and resident retention programs.


Rick Lemons, CCIM Multifamily Group

Vernie D. Bodden, III Land Group

Robert J. Young Leasing Division

Daniel Powell Sales Division

Clinton D. Oldham Commercial Group

Jesse C. Durden Land Group

Brock Robertson Leasing Division

Erin Sissell Leasing Division

Senior Broker Associate


Senior Leasing Associate

Sales Coordinator, Associate Leasing Coordinator, Associate

Leasing Associate



Jesse specializes in development and site selec-tion for Oldham Goodwin. Jesse’s experience includes commercial development and construc-tion, as well as real estate investment analysis. Prior to his arrival at Oldham Goodwin, Jesse worked with Austin Commercial in Dallas and Caldwell Companies in Houston. 979.492.0425 | [email protected]

Brock specializes in commercial property analy-sis, budget projections, and providing landlord representation for office space. Brock utilizes and leverages his knowledge of commercial real estate finance to provide exceptional service to each of his clients. Outside of work, Brock is an avid golfer and enjoys spending time with family and friends.

469.363.8619 | [email protected]

Erin coordinates leasing marketing and trans-action efforts as well as assists executives with brokerage strategic initiatives. Erin is Oldham Goodwin’s Ambassador to the Bryan/College Station Chamber of Commerce. In addition she was also a former member of the Real Estate Development Association at Texas A&M.254.592.2615 | [email protected]

Daniel coordinates sales marketing and transac-tion efforts as well as assists executives with brokerage strategic initiatives. Daniel is known by his peers as highly organized and extremely knowledgeable of brokerage services. 979.575.2551 | [email protected]

Over the last 4 years, Robert has focused on increasing his understanding of the B/CS real es-tate market, the emerging trends that affect the city, county, and state, and the commercial real estate growth indicators that real estate experts use to predict the future of the local market. Robert strives to deliver the highest levels of client services available.

[email protected]

Vernie’s background in the ranching industry has enabled him to build a broad base of knowl-edge in rural land, both from an operational and valuation perspective. Vernie has used these principals to broaden his scope of knowledge to include the commercial realm. As a result, he has been able to represent some of the states largest retail and hospitality developers.979.777.4641 | [email protected]

Rick’s background encompasses over 20 years of hospitality and property management experi-ence with Aramark, Pappas Restaurants, Inc. and Oldham Goodwin. Since 2004, he has managed and operated the multifamily division of Oldham Goodwin. As a commercial real estate broker, Rick has listed and sold numerous multifamily and single family properties to local and national investors.979.255.1950 | [email protected]

Clint represents our private investment and corporate clients in the acquisition and disposition of Retail, Of-fice and Industrial real estate. In addition to buyer and seller representation, Clint’s experience includes project leasing, tenant representation, as well as in-vestment and financial analysis. Clint’s broad range of experience in the local commercial real estate market has made him a valuable asset to clients seeking to acquire or dispose of their assets.409.781.7734 | [email protected]

2800 South Texas Avenue, Suite 401Bryan, Texas | 77802

T 979.268.2000 | F 979.846.7020www.OldhamGoodwin.com

“Accessible Expertise”

Oldham Goodwin's Commercial Quarterly | 1st Quarter 2011

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