Commercial Real Estate Quarterly Review www.OldhamGoodwin.com 2nd Quarter 2010 Commercial Quarterly Retail • Office • Industrial • Multifamily • Land • Hospitality
Mar 26, 2016
Commercial Real Estate Quarterly Review
www.OldhamGoodwin.com
2nd Quarter2010
Commercial QuarterlyRetail • Office • Industrial • Multifamily • Land • Hospitality
2 979.268.2000 • www.OldhamGoodwin.com
2nd Quarter 2010Commercial Quarterly
Editor & Graphic Design: Dale Sandlin Volume 2, Issue 2© 2010 The Oldham Goodwin Group, LLC. The information herein has been obtained from sources deemed reliable. Although we believe it to be accurate, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any values, projections, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction depends on tax and other factors, which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Stock photos from Microsoft Clip Art Gallery.
Brokerage Division Profile
About the Cover:Crystal Park Plaza is a true multi-story Class “A” professional office building in College Station, Texas. This ~93,822 SF office building, built in 1984, has seen multiple upgrades throughout the years in order to sustain its Class “A” status & reputation. Crystal Park Plaza is lo-cated near Emerald Parkway at the intersection of Highway 6 & Harvey Mitchell Parkway (FM 2818). Crystal Park Plaza offers a wide range of space configurations & sizes, panoramic views, spacious common areas & an abundance of parking for all tenants. For more information, visit www.OldhamGoodwin.com.
Property Highlights:Class “A” Professional Office Building• Wide Range of Suite Configurations• Exceptional Views And Ground Level Parking• Convenient Access To An Outstanding Mix Of Restaurants,•
Retail, Medical & OfficeConvenient Access to Highway 6• Key-Card Controlled Access• Attractive Full-Service Gross Leases• On-Site Storage Available For Tenants•
About UsThe Oldham Goodwin Group, LLC was formed in early 2004 as a commercial real estate brokerage firm. A short time thereafter, the com-pany launched the commercial real estate management division. Early brokerage and management efforts centered on small multifamily and commercial projects, however it became apparent that an opportunity existed to serve larger institutional grade investments in under-served markets similar to Bryan/College Station. Encouraged by early achievements, The Oldham Goodwin Group expanded its line of brokerage and management services throughout the region and soon began to grow into a team of highly skilled and specialized brokers and managers.
In 2006, having experienced success as a commercial real estate brokerage and management company. The company was able to expand into the commercial development and hospitality management arena. Two years later, the management division grew its hospitality portfolio to include hotel partnerships with the most prestigious select service brands including Hyatt, Hilton, Marriott, Best Western, Wyndham and Intercontinental Hotels.
Today, The Oldham Goodwin Group has grown into a robust integrated commercial real estate firm offering brokerage, development and management services to emerging markets throughout the country. Headquartered in College Station, Texas, The Oldham Goodwin Group currently employs over 300 employees and has approximately $300 million in assets under management. The Oldham Goodwin Group currently provides integrated and highly specialized commercial real estate services for a variety of commercial property types including land, hotels, multifamily, retail, office, industrial, mixed-use and self-storage properties.
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3979.268.2000 • www.OldhamGoodwin.com
2nd Quarter 2010Commercial Quarterly
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 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’s Description: This box explains the property’s features.
Over 53,600 SF of Gross Building Area • Situ-ated on 16.6 Acres at the Southeast corner of
SH-6 and Emerald Parkway • Excellent location with over 650 linear feet of frontage on SH-6
3001 Earl Rudder Freeway | College Station
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New Listing
4 979.268.2000 • www.OldhamGoodwin.com
2nd Quarter 2010Commercial Quarterly
Nearly midway through 2010, the Bryan/College Station com-mercial real estate market continues to show stability and in some instances vibrant growth. With the uncertainty and instability of the market in 2009, most investment property owners are hoping that the dust has settled and are actively trying to put their finger on the pulse of the market. In order to understand current market trends, investors need to assess their property values with new market conditions, analyzing new investment opportunities and understanding how to navigate the challenging capital markets. Being actively involved in the acquisition and disposition of retail, office and light industrial real estate in the Bryan/College Station market has led me to the opinions that are offered below.
Valuation: Where does my property stand? Contrary to what we witnessed in 2009, Retail and Office real estate values seem to have stabilized in 2010. While under-writing requirements are still stringent, many local and regional banks were relatively aggressive in pursuing investment property loans in the first half of 2010. In addition, investors have become more decisive and expressed less uncertainty about the overall economy. Further, many real estate investors see the Bryan/Col-lege Station commercial real estate market as one that offers stability when compared to more volatile primary markets. The stabilized demand, less economic uncertainty, and slightly loos-ened capital markets have relieved some downward pressure on values for the time being.
Transactions: What is selling and who is buying?In 2009, sales activity for retail and office investment properties in Bryan/College Station was equally as slow as most any real estate market in Texas. However, Bryan/College Station has re-surfaced on the investment communities’ radar as a safe bet for retail and office assets. The ratio of contemplated transactions to
actual closings is still high, but the pursuit of acquisitions does ex-ist, which is promising by itself alone. Transactions valued at less than $1,500,000 have continued to occur as they did in 2009, but the market has also shown an appetite for professional office and medical office assets between $3 and $5 million.
Despite a relatively strong local economy, end user or owner-oc-cupant purchases have been few and far between. It is certainly not for a lack of financing as most local lenders are proactively pursuing opportunities to finance owner-occupied purchases. The downtick is most likely attributable to the softening of the Bry-an/College Station professional office market over the last 18 months. The softening has put significant downward pressure on rental rates and made terms much more favorable for tenants. Most tenants have been content to renegotiate and extend leases at significantly lower rates as opposed to buying or building a new facility.
Capital Markets: Where is the money?Local community and regional banks continue to be the most reli-able source for financing in the local commercial real estate mar-ket. The community and regional banks have taken advantage of the market share made available by larger institutions such as Wells Fargo and Citibank. Much like 2009, creditworthy buyers continue to secure financing through local banking relationships. These local institutions are aggressively pursuing opportunities to finance acquisitions in exchange for the business owner’s or investor’s operating accounts. In addition, governmental loans through the SBA and USDA have become more popular sources for financing.
With these factors at play, the commercial real estate market is an ever-changing landscape. Now more than ever, it is im-portant to seek the help of a professional in the industry before acquiring Retail, Office, or Industrial real estate. If you are an investor looking to maximize returns in the current market, a small business seeking to acquire a larger facility, or a seller looking to maximize your proceeds in a soft market, the Commercial Group at The Oldham Goodwin Group, LLC is committed to providing you with unparalleled local market knowledge and specific com-mercial real estate expertise. Please call me to discuss your com-mercial real estate needs at (979) 268.2000 or direct at (409) 781.7734.
Bryan/College Station Commercial Real Estate Market Overview
Clinton D. OldhamSenior Broker Associate - Commercial Group
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RECENT TRANSACTIONS
979.268.2000 • www.OldhamGoodwin.com
2nd Quarter 2010Commercial Quarterly
Commercial Properties For Sale
New High Quality Construction, Built In 2002 • Five (5) Self Service Bays, Five (5) Vacuum Bays,
And One (1) Automatic Drive Through Bay • Well Established And Growing Customer Base
Over 53,600 SF of Gross Building Area • Situ-ated on 16.6 Acres at the Southeast corner of
SH-6 and Emerald Parkway • Excellent location with over 650 linear feet of frontage on SH-6
12785 FM 2154 | College Station 3001 Earl Rudder Freeway | College Station
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New 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
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Well Maintained, Property In Overall Great Condition • Great Visibility &
Exposure To High Traffic Counts • 7 Of-fices With A Very Large Reception Area
2100 William J. Bryan | Bryan
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Turn Key Dry Cleaning Plant Facil-ity • Approximately 15,597 SF On 0.8724 Acres • Excellent Location
With Texas Avenue Frontage
2617 South Texas Avenue | Bryan
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For More Information Contact:
Clinton D. OldhamSenior Broker Associate
Commercial Groupp 979.268.2000f 979.846.7020c 409.781.7734
Oldham Goodwin represented the buyer in the acquisition of a 8,174 SF Office Building near Texas A&M University
Oldham Goodwin represented the buyer in
the acquisition of a 2,846 SF Retail Building
near Blinn College
New Listing
New ListingNew Listing New Listing
New Listing
Priced Competitively At Only $110.50/SF • Property Is Part Of The Profession-ally Managed Longmire Business Park • ~7,000 SF With Over 4,000 SF Of Available Office Or Medical Space
3310 Longmire | College Station
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New Listing
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RECENT TRANSACTIONS
979.268.2000 • www.OldhamGoodwin.com
2nd Quarter 2010Commercial Quarterly
~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
~10,000 SF Office Warehouse Facil-ity • Central Downtown Bryan Loca-
tion • Fully Climate Controlled Ware-house & Shipping Area • 3 Phase Power With 1,200 Amp Service
Downtown Bryan Flex Space | Bryan
High Quality Medical Building Adjacent To St. Joseph Regional Hospital • 10 Year NNN Lease With St. Joseph’s For First Floor • Energy Man-agement Systems And Key Card Entry • Ideal
For Medical Practitioner Owner Occupant
Bryan Medical Center | Bryan
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Great opportunity for Investor or Owner Oc-cupier in an irreplaceable location • Significant upside with lease-up of vacant suites • Tremen-dous location close to Texas A&M University • Easy access from several major thoroughfares
United Plaza | College Station
Located In Class “A” Park Hudson Busi-ness Park • Shell Conditions Lends Itself To A Custom Office Finish Out • Convenient Access To University Drive & SH 6 South • Architectural Controls & Deed Restrictions
3850 Corporate Center Drive | Bryan
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Well Maintained, Property In Overall Great Condition • Great Visibility And Exposure To High Traffic Counts On Texas Avenue • Ingress And Egress From Multiple City Thoroughfares
Guaranty Bank Building | Bryan
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Oldham Goodwin represented the buyer in the acquisition of a 2,840
SF Office Building
Oldham Goodwin represented the buyer in
the acquisition of the 4,971 SF Garden District Building
For More Information Contact:
Clinton D. OldhamSenior Broker AssociateCommercial Groupp 979.268.2000f 979.846.7020c [email protected]
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RECENT TRANSACTIONS
979.268.2000 • www.OldhamGoodwin.com
2nd Quarter 2010Commercial Quarterly
Oldham Goodwin represented the seller in the disposition of a 121,689 SF Multi-Tenant Business Park
For More Information Contact:
Clinton D. OldhamSenior Broker Associate
Commercial Groupp 979.268.2000f 979.846.7020c 409.781.7734
Oldham Goodwin represented the buyer in the acquisition of a 3,437
SF Office Building
Highly visible property with excellent frontage on Texas Avenue • Glass storefront with large lobby and showroom area • Approximately
19,000 SF of office and shop space • Multiple drive through shop bays with roll up doors
601 S. Texas Avenue | Bryan
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~8,650 SF Metal Showroom Warehouse • Ready To Open Body Shop, All FF&E To Convey
• Excellent Retail Location On Texas Avenue • Over 1.4 Acres With Ample Yard Space
805 S. Texas Avenue | Bryan
Ready To Develop Office Tracts In Up-scale Park Hudson • All Utilities Available To Site • ~39,640 – 54,014 SF • Archi-tectural Controls And Deed Restrictions
Park Hudson Lots | Bryan
Professionally Managed Owners As-sociation • Quality Finish Out In Excel-lent Condition • Usable Floorplan With
Large Offices And Workstations
4444 Carter Creek, Suite 110 | Bryan
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New quality construction, built in 2008 •Modern open area office floor plan, high ex-
posed ceilings • Stone/Stucco exterior with glass storefront • Convenient access to several major thoroughfares • High growth area of Bryan
3010 East Villa Maria | Bryan
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Clinton D. OldhamSenior Broker Associate
Commercial Group409.781.7734
The Commercial Group would be delighted to have the op-portunity to discuss our ser-
vices with investors, end users, and owner’s of Retail, Office
and Industrial properties.
8 979.268.2000 • www.OldhamGoodwin.com
2nd Quarter 2010Commercial Quarterly
While commercial development has slowed significantly over the last couple of years and credit is harder to come by, there are still several factors that point to a promising future for the value of all land types in the Bryan/College Station area and through-out Texas.
The State of Texas has historically maintained some of the most affordable housing in the United States and the cost of living statewide remains very low when compared to the rest of the country. Combine these points with the fact that Texas collects no income tax, and we see a market that is becoming more and more attractive as a haven for transplants from other states with higher living costs and rising income tax rates. All things consid-ered, it would appear that the State of Texas and emerging secondary markets like Bryan/College Station are headed for a population boom over the next 20 years.
According to James P. Gaines, Looming Boom: Texas Through 2030, the population of Texas currently sits at approximately 23 million people and recent studies conducted by the U.S. Census Bureau and State of Texas demographers reveal that our popu-lation is expected to increase to approximately 29 million people by the year 2020 and approximately 35 million individuals by 2030. Should these estimates hold true, there will undoubtedly be some rather significant implications on the value of both rural and commercial properties, throughout Texas.
After a huge increase in value and transactions from 2003 to 2007, the Texas rural land market experienced a marked de-cline in the number of sold transactions in 2008 and 2009. With the contraction of our economy and the heavy restrictions placed on lending institutions by the federal regulators, we have seen the pool of buyers for recreational and agricultural properties shrink
significantly. One would assume that with a huge drop in the num-ber of transactions, we would see a sharp decline in price, but the contrary appears to be true. Rural land prices in Texas continued a steady rise through the end of 2008, and experienced only a minimal correction in 2009, due mostly to a number of distressed sales and some moderate discounts as owners attempted to cash out ahead of an expected upward movement in the capital gains rate going forward. Another factor that has helped stabilize the value of rural land prices in Texas has been the recent energy boom in various parts of the state. Recent deep shale bed dis-coveries in various portions of the state including North and South Texas have helped to stabilize a number of rural economies and curb the appetites of property owners in those areas to sell property at any price other than a premium. However, while the current rural market in Texas does remain relatively healthy, we shouldn’t expect to see any significant appreciation in the short term as the market continues to digest the rapid acceleration of rural values that we experienced from 2003 to 2007. In a nut-shell, rural land assets in Texas remain stable and look to be a secure investment as we move forward.
Commercial land assets have seen a marked decrease in de-mand over the course of the past year, largely due to economic factors and an increase of vacancy rates in existing developed inventory. This has been especially true in some of the larger markets where retail and office inventory is in a state of increas-ing oversupply, as vacancy rates continue to rise. In spite of this, commercial development land remains a finite product and solid investment when purchased at sensible prices. Commercial devel-opment land, especially in emerging markets like Bryan/College Station, should continue to be a viable investment option with a respectable return for years to come.
Opportunities still exist in both acquiring and disposing of land assets in Bryan/College Station and throughout Texas. Land has always proven to be a predictable and relatively inflation proof asset. There is certainly no reason to believe that this should not continue to be the case, even in the midst of the uncertain eco-nomic times we face.
The Land Group at the Oldham Goodwin Group specializes in the acquisition and disposition of both rural and recreational property across the state of Texas. We would appreciate the opportunity to speak with you about our services. Please call me to discuss your commercial real estate needs at (979) 268.2000 or direct at (979) 777.4641.
Where Are We Headed? Texas Land Market Outlook For 2010 & Beyond
Vernie D. BoddenSenior Sales Associate - Land Group
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RECENT TRANSACTIONS
979.268.2000 • www.OldhamGoodwin.com
2nd Quarter 2010Commercial Quarterly
Urban Land For Sale
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
Centrally Located On Highway 6 In College Station • All City Utilities Available • Level Topography Suitable For Development •
Excellent Visibility & Accessibility Tremendous Amount Of Highway 6 Frontage
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
~53 AC on Highway 290 | Waller 36.7 AC on Highway 6| College Station Hotel & Conference Center | College Station
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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
New Listing
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Oldham Goodwin represented the seller in the disposition of a ~617 AC
recreational tract
Oldham Goodwin represented the seller in the
disposition of a ~2.4 AC tract on Autumn Lake Drive
For More Information Contact:
Jesse C. DurdenSenior Sales Associate
Land Groupp 979.268.2000f 979.846.7020c 979.492.0425
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
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Planned Commercial Development Ideal For Retail Or Bank • Exceptional
Location & Visibility • Architectural Controls • Great Neighborhood Corner
Boonville Town Center-Tract B | Bryan
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New Listing New Listing New Listing
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RECENT TRANSACTIONS
979.268.2000 • www.OldhamGoodwin.com
2nd Quarter 2010Commercial Quarterly
For More Information Contact:
Vernie D. BoddenSenior Sales AssociateLand Groupp 979.268.2000f 979.846.7020c [email protected]
Urban Land For Sale
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
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~.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
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Planned Commercial Development Ideal For Multifamily Use • Exception-al Location & Visibility • Great Value
On Interior Lot • 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 C | Bryan Boonville Town Center-Tract D | Bryan
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Planned Commercial Development Ideal For Restaurant or Retail • Excep-tional Location & Visibility • ~70,000
Vehicles Per Day on Highway 6
2.3 AC on Arrington Road | College Station
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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
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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
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RECENT TRANSACTIONS
979.268.2000 • www.OldhamGoodwin.com
2nd Quarter 2010Commercial Quarterly
Oldham Goodwin represented the buyer in
the acquisition of a ~15 AC tract on Earl Rudder
Freeway
Oldham Goodwin represented the buyer in
the acquisition of a ~17 AC tract in Tower Point
Development
Urban Land For Sale
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
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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
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Great Commercial Tract Centrally Located In College Station • Access From Texas Ave
& Morgans Lane • Ideal For Hotel Or Office Development • All City Utilities Available
~3.72 AC on Texas Ave | College Station
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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
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Located Directly On State Highway 40 (William D. Fitch Parkway) • Adjacent To Highly Successful Office Development • In Close Proximity To Many Subdivisions
~.96 AC on William D. Fitch | College Station
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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
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For More Information Contact:
Jesse C. DurdenSenior Sales Associate
Land Groupp 979.268.2000f 979.846.7020c 979.492.0425
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RECENT TRANSACTIONS
979.268.2000 • www.OldhamGoodwin.com
2nd Quarter 2010Commercial Quarterly
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
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Highly Visible From State Highway 6 • All City Utilities Available • Ideal For Office Warehouse Or Mini Storage
~2.4 AC on Wilkes Street | Bryan
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
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Mixed Zoning With 19 Acres Multifamily & 6 Acres General Commercial • Directly Across From The New Earl Rudder High
School • All Utilities Available To Lot Line • High Growth Corridor Of Northeast Bryan
~25 AC on Old Reliance Road
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Urban Land For Sale
Adjacent To Established Office Building • Quick Access To FM 2154 (Wellborn) & State Highway 40 • Affordable Price Point • City Services And Utilities Available To Lot Line
.522 AC on Greens Prairie | College Station
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Oldham Goodwin represented the buyer in
the acquisition of a ~2.86 AC tract on 29th Street in
Bryan
Oldham Goodwin represented the seller in the disposition of a ~1 AC tract
on Earl Rudder Freeway
For More Information Contact:
Vernie D. BoddenSenior Sales AssociateLand Groupp 979.268.2000f 979.846.7020c [email protected]
Vernie D. BoddenSenior Sales Associate
Land Group979.777.4641
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.
13979.268.2000 • www.OldhamGoodwin.com
2nd Quarter 2010Commercial Quarterly
The Impact of Zoning & Future Land Use in College StationFor people outside the real estate industry, it may be difficult to understand why one land tract can be priced twice as high as a parcel directly adjacent to it. For those of us involved in commercial real estate on a daily basis, we understand that a property’s value is based on many factors like location, the local economy, topography, platting, utility availability, trans-portation infrastructure, zoning and future land use.
Of the factors listed above, probably the most misunderstood and overlooked are zoning & future land use. You should know that each municipality has unique development ordi-nances, so the process will change from city to city. This article will focus on College Station’s ordinances.
So What Is Zoning & How Does Future Land Use Impact Your Real Estate Investments?Zoning is the statutory right for local governments to impose restrictions and regulations on the use of private land within its jurisdiction. In other words, the City can tell you and your neighbors what to build on your property. Sometimes, zoning can help land owners by protecting and propping-up land
values. Other times, abnormal or out-of-place zoning can di-minish a property’s value by reducing its marketability and restricting its highest and best use.
As a landowner, you must be aware of zoning activity near your investments. To find out what zoning activities are hap-pening now, look in the Eagle classifieds for legal notices. The
City staff posts the Planning & Zoning and Council agendas at City Hall, mails certified notices to all property owners within 200 feet of the properties under consideration and usually require signs to be placed on each tract prior to the public hearing. To figure out what your tract is currently zoned, check out the City’s GIS Maps using the link below.
The City’s Comprehensive Plan (Comp Plan) is just as impor-tant as zoning. The Comp Plan outlines City staff’s recom-mendations for Future Land Use. The Future Land Use rec-ommendations are based in part on current zoning, but also consider future growth, local traffic patterns, community inter-ests, transportation infrastructure, utility capacities and other variables. The Comp Plan has been officially adopted by the City (through City Council), so any re-zoning requests should align with the Comp Plan or provide considerable evidence why the tract is entitled to a variation from the Comp Plan. Be careful though, the City has recently denied re-zoning re-quests that align perfectly with the Comp Plan recommenda-tions!
If you’re considering pursuing a re-zoning request, or con-cerned about zoning on or around your property, please call me to discuss your needs at (979) 268.2000 or direct at (979) 492.0425.
Useful links:City of College Station Developer’s Guide: http://www.cstx.gov/docs/devguideintro.pdf
City of College Station Development Ordinance: http://www.cstx.gov/Index.aspx?page=418
City of College Station Comprehensive Plan: http://www.cstx.gov/Index.aspx?page=2920
City of College Station GIS Services: http://www.cstx.gov/index.aspx?page=1789
The Impact of Zoning & Future Land Use in College Station
Jesse C. DurdenSenior Sales Associate - Land Group
Example Zoning Map - George Bush Drive & Texas Avenue
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RECENT TRANSACTIONS
979.268.2000 • www.OldhamGoodwin.com
2nd Quarter 2010Commercial Quarterly
Oldham Goodwin represented the buyer in
the acquisition of a 53 AC tract for Commercial Expan-
sion
Oldham Goodwin represented the seller in
the disposition of a ~10 AC tract next to the College
Station Police Department
For More Information Contact:
Jesse C. DurdenSenior Sales AssociateLand Groupp 979.268.2000f 979.846.7020c [email protected]
Great Recreational Tract • ~5 Miles From College Station • Adjacent To Established King Oaks Development • Possibility For
Future Commercial Use
10658 CR 175 | Iola
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Ideally Situated Tract In High Growth Buda, Texas • Within 1 Mile Of New
Austin Toll Road • Within 2 Miles Of I-35 • Close Proximity To Super Walmart &
Cabelas Anchored Developments
5412 Satterwhite Road | Buda
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Commercial and PD-Housing Zoning • In growing west Bryan, near Lake Bryan •
Nearly 1 mile of frontage on FM 2818 • Strong utility service – development ready
~164 AC on FM 2818 | Bryan
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Regular Shape & Topography, Suitable For Development • Convenient Access to Harvey Road & Highway 30 • Less Than 10 Minutes To College Station’s Central Business District
~23 AC on Elmo Weedon | College Station
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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
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Excellent Recreational Property Close To Bryan/College Station • Offers Mix Of Wooded And Open Pasture • Two Stock
Tanks • Good Long-Term Investment
~153 AC on Highway 21 Business | Kurten
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Recreational & Farm/Ranch For SaleNew ListingNew ListingNew Listing
15979.268.2000 • www.OldhamGoodwin.com
2nd Quarter 2010Commercial Quarterly
Selection of the right property management firm will determine whether the property performs in a manner consistent with your expectations. Next to selecting the right property, this decision is the most important one you have as a property owner, yet many investors treat it as an afterthought. Please consider the ques-tions below when selecting a property management firm.
Do they have experience at managing a property like mine?Property management firms generally specialize in managing certain types of assets. Local real estate firms often offer man-agement services for the management of single family homes, duplexes, four-plexes and small apartment complexes. Ask for a list of the properties that they currently manage, drive by and look at the assets. Determine if these properties are similar to yours. Contact the owners of a few of their current properties and ask about the management company. How many units do they manage? How long have they been in business? Are they affiliated with a brokerage firm?
Ask to see their corporate resume and organizational chart. Make sure you understand who will actually be showing and leasing your property and if their work load and compensation will benefit your property. Ask what kind of insurance they carry and if they are bonded. Find out if they handle maintenance re-quests with in-house staff or if third party vendors will be used. Do they require third party vendors to be bonded
and insured? Ask who will make daily management decisions and determine whether you believe they have the experience necessary to make those deci-sions. At what threshold or (dollar) value will you as the owner be involved in decisions?
Ask for a management proposal including a draft of the manage-ment agreement.Look at this document and understand the fee structure. Deter-mine how long the agreement will bind you and understand under what circumstances it can be terminated. If an offer to sell during the term of management agreement occurs, will they represent you on the disposition and what additional fees may be due? Pay close attention to how the management fees are derived and if they incentivize the management company to
perform in a way beneficial to you, the owner. Identify how the management company will be compensated for new leases and renewals. Another item to consider is whether the management firm owns similar assets to yours? If so, will this create a conflict with which units are shown and leased first? Ask your attorney to review the agreement with you and ask questions until you fully understand the entire agreement.
Ask to see a sample reporting package.Find out how often you will receive financial reports. Review a sample of their reports with your accountant to understand how their accounting will impact your current financial procedures. Will they keep your funds in a common trust account or will you have your own bank account for your asset? Ask who will pre-
pare the annual budget and when it will be delivered to you for approval. Finally, ask who will be approving and signing the checks for your property.
An involved and educated owner should be able to understand the operation of their multifamily asset. Selection of a property management of appropriate size and ability are integral in the success of the asset. Please call me at (979) 268.2000 or direct at (979) 255.1950 to discuss the selection of a property man-ager or with any questions about buying or selling multifamily assets.
Factors To Consider When Selecting A Property Management Firm
Rick LemonsSenior Broker Associate - Multifamily Group
16
RECENT TRANSACTIONS
979.268.2000 • www.OldhamGoodwin.com
2nd Quarter 2010Commercial Quarterly
Multifamily Properties For Sale
Oldham Goodwin represented the buyer in the
acquisition of a 134 Unit, Student Oriented Apartment
Complex
For More Information Contact:
Rick LemonsSenior Broker AssociateMultifamily Groupp 979.268.2000f 979.846.7020c [email protected]
36 Units • Convenient to Texas A&M, Blinn College & St. Joseph’s Regional Health Cen-ter • Located In An Established Single Family
Home Neighborhood
Briargrove Apartments | 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 Included • On TAMU Bus Route • Bike To Campus • Knotty
Pine Cabinets • Polished Silver Fixtures
2318/2320 Autumn Chase | College Station
48
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
49
Rick LemonsSenior Broker Associate | Multifamily Group979.255.1950 | [email protected]
The Multifamily Group at The Oldham Goodwin Group, LLC specializes in Apart-ments, Fourplexes, Triplexes and Duplexes. If you are considering purchasing or sell-ing a Multifamily property, we would appreciate the opportunity to speak with you about your needs. Contact me today to discuss how our Multifamily Group can help.
17979.268.2000 • www.OldhamGoodwin.com
2nd Quarter 2010Commercial Quarterly
Dominant themes amongst developers and property owners in recent years have been the use of the words “Green”, “Sus-tainability” and LEED certification. To most, these are unfamil-iar concepts and few understand what they actually mean. However, these terms are more than just “buzz” words used by environmentalists. Continuing developments in technology are allowing new energy efficient products to be implemented cost effectively to decrease operating expenses and increase asset value.
What Is LEED?LEED stands for Leadership in Energy and Environmental Design and was developed in the 1990s by the U.S. Green Building Council (USGBC). LEED provides third-party verification that a building or community was designed and built using strate-gies aimed at improving performance. Most notably: energy savings, water efficiency, CO2 emissions reduction, improved indoor environmental quality and stewardship of resources. LEED sets out an outline for identifying and implementing these practices so that building performance can be measured and rated.
What Is Important About The Future Of LEED?Currently, there are over 150 LEED certified buildings in the State of Texas. The LEED certification process has several lev-els of certification determined by the LEED point scale:Certified (40-49 points); Silver (50-59 points); Gold (60-79 points); Platinum (80+ points). Although LEED certification im-proves the image of a building and the tenants; it does not directly add value to the property.
On the other hand, the “Green” energy saving measures put in place can add to property value. LEED Certification greatly enhances a leasing team’s ability to market space. Energy re-duction decreases operating costs in a Gross Lease and de-creases payments for Tenants in a Triple Net Lease. LEED certi-fication also has the ability to attract high profile Tenants.
Since the onset of the recession, sophisticated property owners have begun focusing their efforts on using LEED techniques to help them lower operating costs to make up for lower rents and loss of tenants. The greatest opportunity in the near future for LEED professionals will be in Green Retrofits. A Green Ret-rofit can help building owners introduce green benefits into ex-isting, occupied, facilities whatever their size, age, location, use
or ownership. These retrofits can be performed in a prompt and cost-effective manner, with only minor impact on day-to-day operations. According to a article entitled The Dollars and Sense of Green
Retrofits, conducted by Deloitte in July 2008, 75% of the re-sponding organizations have undergone at least one LEED-certified Green Building Retrofit stated that savings from ener-gy efficiency was a top goal. The survey also determined that: 73% of respondents reported an actual cost savings resulting from the retrofit, 93% of respondents reported a greater abil-ity to attract talent, 81% of respondents saw greater employ-ee retention, 87% of respondents experienced an improve-ment in workforce productivity, 75% of respondents reported improvement in employee health, and 100% of respondents experienced an increase in goodwill/brand equity.
The results from this survey suggest the importance for prop-erty owners and tenants to remain current with the trends in building efficiency in order to compete in today’s competitive marketplace.
Importance Of The Future Of LEED To Property Owners
Continued on Page 18
18 979.268.2000 • www.OldhamGoodwin.com
2nd Quarter 2010Commercial Quarterly
What Do We Do About It?Green technology that used to be extremely expensive and made little economic sense is now becoming increasingly cost effective; as a result the LEED performance standards are be-coming more stringent. Additionally, a rising number of high profile Tenants are requiring their space to have some level of LEED certification. The number of square feet available to those types of tenants is not as great as it is for others. Con-sequently, property owners with space fitting those needs are given a tremendous advantage. For owners interested in mak-ing Green Retrofits, there are a number of simple solutions currently available. Some cost effective areas that can make surprisingly high impacts on decreasing operating costs are:
Lighting Use Control: Owners can install motion sensing lights and dimmers in areas with low foot traffic as well as better regulate when lights are turned off at night and non-workdays.
Lighting Efficiency: Opportunity for savings usually exists in replacing the stan-dard incandescent bulbs with Compact Fluorescent bulbs (CFLs). A CFL uses 75% less energy and lasts about 10 times longer than an incandescent bulb.
HVAC Use Control: Energy consumption from cooling can be drastically decreased by setting the thermostat at the highest comfortable tempera-ture. With new advanced technology, thermostats can also be
set remotely by property managers and owners.
HVAC Efficiency: Property owners interested in increasing the efficiency of their system can have consultants perform an energy audit of their building to determine areas that can improve without replac-ing the entire system.
Water Use Reduction: Innovative solutions for low water use fixtures are becoming more available and water used for irrigation can be consid-erably cut with the installation of smart irrigation controllers. Naturally, landscaping can only hold a certain amount of wa-ter until it rejects it and becomes merely runoff. Controllers take recent rainfall, future rainfall projections, current temper-ature and sunlight into account when controlling the timing and amount of irrigation.
These examples are only some of the simple areas where properties can achieve energy savings while also contributing to a possible LEED certification. LEED points can be achieved in a number of categories that can be viewed on the USGBC website - http://www.usgbc.org/. With the immense devel-opment in smart energy efficient technology as well as the added pressure from government programs and high profile businesses; business owners, property owners and developers should be continually educated on these matters in order to stay competitive.
If you are a property owner looking to make some or all of these retrofits to your current property or would like to lease space that has undergone these changes, the Leasing Division at The Oldham Goodwin Group, LLC would like the opportu-nity to discuss this with you. Contact me at (979) 268.2000 or direct at (214) 675.8714.
Sources: http://www.energystar.gov/http://www.deloitte.com/assets/Dcom-UnitedStates/Local%20Assets/Docu-ments/us_re_Dollars_Sense_Retrofits_190608_.pdf
Importance Of The Future Of LEED To Property Owners(continued)
Travis WardLeasing Associate c 214.675.8714
19
RECENT TRANSACTIONS
979.268.2000 • www.OldhamGoodwin.com
2nd Quarter 2010Commercial Quarterly
Attractive New Construction With Contemporary Landscaping • Estab-lished Co-Tenant • Excellent Visibility
• First Generation Space
Lawyers Title Co. Building | College Station
Office Properties For Lease
Class “A” Professional Office Building • Wide Range of Suite Configurations
• High Visibility With Exceptional Traffic Counts
Part Of The Professionally Managed Longmire Business Park • Over 4,000 SF Of Available Office Or Medical Space • Variety Of Users With A Simple Build-Out
Crystal Park Plaza | College Station 3310 Longmire | College Station
50 51
Great Visibility & Exposure To High Traffic Counts On William J Bryan Parkway • Seven Offices With A
Very Large Reception Area
2100 William J Bryan | Bryan
52
Excellent Visibility With Frontage On Texas Avenue • Numerous Recent Capital Improvements • Easily Acces-
sible With 4 Points Of Entry
Bryan Professional Building | Bryan
New Listing
53 54
New Listing New Listing New Listing
New Listing
Oldham Goodwin repre-sented the landlord in the lease for Reflections Coun-
seling at Copper Chase Office Park
Oldham Goodwin rep-resented the landlord in
the lease for Dallas Shipp Agency at
United Plaza
For More Information Contact:
Travis WardLeasing Associatep 979.268.2000f 979.846.7020c 214.675.8714
~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
55
20
RECENT TRANSACTIONS
979.268.2000 • www.OldhamGoodwin.com
2nd Quarter 2010Commercial Quarterly
~1.5 Miles From St Joseph Regional Health Center & ~1 Mile From Blinn
College • Range of Available Spaces:~ 1,500 - ~6,000 SF
Star Tel Tower | Bryan
60
Office Properties For Lease
Located In Park Hudson • Adjacent To Adam Plaza & Crescent Pointe •
Customizable Floor Plan • ~3,984 SF Available
Centrally Located Within Bryan/Col-lege Station • Small To Mid-Sized Suite Configurations • Within ~1.5
Miles Of Texas A&M University
Williamsburg at Park Hudson | Bryan
United Plaza | College Station
59
57
One Mile From The Briarcrest Exit Off Highway 6 • Within 2 Miles Of Both TAMU Main Campus And Blinn
College • Centrally Located
Executive Office Plaza | Bryan
58
New Tenants
Superior Construction • Near Tradi-tions Golf Course • Near Future Texas
A&M Health Science Center • Range of Available Spaces: ~465 - ~3,685 SF
Texas Enterprise Bank Building | Bryan
61
For More Information Contact:
Travis WardLeasing Associatep 979.268.2000f 979.846.7020c [email protected]
Oldham Goodwin repre-sented the landlord in the lease for Designio, LLC at
United Plaza
Oldham Goodwin repre-sented the tenant in the
lease for Elite Security at 707 Texas
Executive Style Office Suites • Locat-ed Along Hwy 40 Near Castlegate & Castlerock Subdivisions • ~1 Mile From Hwy 40/Hwy 6 Intersection
Cambridge Court | College Station
New Tenants
56
21
RECENT TRANSACTIONS
979.268.2000 • www.OldhamGoodwin.com
2nd Quarter 2010Commercial Quarterly
Oldham Goodwin repre-sented the landlord in the lease for FrogSlayer Soft-
ware at United Plaza
Oldham Goodwin repre-sented the landlord in the leases for Med Pro Treat-ment Center at University
Park Plaza
For More Information Contact:
Travis WardLeasing Associatep 979.268.2000f 979.846.7020c 214.675.8714
Office Properties For Lease
Easily Accessed From Anywhere Within Bryan/College Station • Lo-cated Along Highway 6 • Great For
A Small To Medium Business
The Emporium | College Station
62
Centrally-Located • High Traffic Counts • Dynamic Growth Area •
Range Of Available Spaces: ~3,000 - ~9,000 SF
University Park Plaza | College Station
63
New Tenant New Tenant
Executive Style Office Suites • Locat-ed Along Hwy 40 Near Castlegate & Castlerock Subdivisions • ~1 Mile From Hwy 40/Hwy 6 Intersection
Oxford Court | College Station
1 Space Remaining
High Quality Medical Building Adjacent To St Joseph Regional Hospital • Energy
Management Systems And Key Card Entry • Covered Parking • Range Of
Available Spaces: ~3,000 - ~9,000 SF
Bryan Medical Center | Bryan
65 66
Less than one mile from Blinn College • Small, mid and large sized suite configura-tions available • Less than 1/4 mile from
St. Joseph’s Regional Medical Center
Copper Chase Office Park | Bryan
67
Central Location To Thriving Commercial And Residential Growth • Vast Traffic Flow From Texas Avenue • ~400 Ft Of Frontage On Hwy 6 • Available Space: ~1,268 SF
Southwood Business Center | College Station
64
22
RECENT TRANSACTIONS
979.268.2000 • www.OldhamGoodwin.com
2nd Quarter 2010Commercial Quarterly
Industrial Properties For Lease
Upstairs & Downstairs Offices • Two Roll Up Doors • Fenced Yard Space •
Paved Parking • Built in 2005
12761 State Highway 30 | Bryan
69
~10,500 SF Warehouse Space • Easy Access From Highway 6 • ~8 Acres of Land • 3 Overhead Roll Up Doors • 2 Overhead Cranes (10 & 15 Ton Each)
Conner Steel Building | Bryan
New Listing
68
100% Leased
For More Information Contact:
Travis WardLeasing Associatep 979.268.2000f 979.846.7020c [email protected]
Oldham Goodwin repre-sented the landlord in the leases for Sulik Healthcare & Alumni Travel Group at
Cambridge Court
Oldham Goodwin repre-sented the landlord in the leases for Capital Custom
Tile & University Landscape Co. at 12761 Highway 30
Travis WardLeasing Associate
214.675.8714 | [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.
23
RECENT TRANSACTIONS
979.268.2000 • www.OldhamGoodwin.com
2nd Quarter 2010Commercial Quarterly
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
University Shopping Center | College Station
73
Convenient & Easy Access From Two Thor-oughfares • Recently Renovated • Excel-lent Visibility With Frontage On Texas Avenue • Available Space: ~1,250 SF
Park Central Center | Bryan
Convenient & Easy Access From Two Thoroughfares • Recently Renovated • Excellent Visibility With Frontage On
Texas Avenue
Beverley Estates | Bryan
100% Leased
74 75
Convenient & easy access from two thor-oughfares • Recently renovated with fresh
exterior paint • Excellent visibility withfrontage on Texas Avenue
Mid-Town Center | Bryan
New Listing
71
Convenient & easy access from Interstate 45 • Excellent visibility with frontage on
11th street • Diverse and established retail tenant mix
Grant Plaza | Huntsville
New Listing
72
Oldham Goodwin repre-sented the landlord in the lease for J & J Asian Bistro
at Freedom Center
Oldham Goodwin repre-sented the landlord in the lease for Windy Sport & Fitness at Plazas at Rock
Prairie
For More Information Contact:
Robert J. YoungDirector of Commercial Leasing
Senior Broker Associatep 979.268.2000f 979.846.7020c 979.324.1717
Located In Underserved South College Station • Affluent And Rapidly Expanding Population • Multiple Ingress/Egress Points
Allows For Convenient Access
Tower Point | College Station
New Listing
70
24
RECENT TRANSACTIONS
979.268.2000 • www.OldhamGoodwin.com
2nd Quarter 2010Commercial Quarterly
Located in the heart of College Station’s re-tail corridor • Excellent visibility at the corner of Texas Avenue & Harvey Road Located within close proximity to H-E-B & Target
Park Plaza Center | College Station
76
Retail Properties For Lease
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
Range Of Available Spaces: ~1,000 - ~5,040 SF • Four Miles From TAMU • High Daytime Population • Southern
“Gateway” Of College Station
Plazas at Rock Prairie | College Station
77
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
81
Close Proximity To TAMU & Blinn • Adjacent To The Walmart Supercen-ter, Chick-Fil-A & Wells Fargo Office
Building
Freedom Center | Bryan
100% Leased
80
Oldham Goodwin rep-resented the tenant, Just
Brakes, in the lease at 3300 South Texas Avenue
For More Information Contact:
Robert J. YoungDirector of Commercial LeasingSenior Broker Associatep 979.268.2000f 979.846.7020c [email protected]
Oldham Goodwin repre-sented the landlord in the
lease for Merge Boutique at Post Oak Square
25
RECENT TRANSACTIONS
979.268.2000 • www.OldhamGoodwin.com
2nd Quarter 2010Commercial Quarterly
Oldham Goodwin repre-sented the landlord in the lease for Andrew’s Flowers
at Mid-Town Center
For More Information Contact:
Robert J. YoungDirector of Commercial Leasing
Senior Broker Associatep 979.268.2000f 979.846.7020c 979.324.1717
Oldham Goodwin repre-sented the tenant in the
lease for Complete Nutri-tion at Texas Avenue
Crossing
~3.6 Miles From Texas Tech University & ~2 Miles From Lubbock Christian University • Range Of Available Spaces: ~1,243 -
~1,952 SF • Great Visibility From Loop 289
West Wind Shopping Center | Lubbock
84
~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
83
Retail Properties For Lease
~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
85
~8,000 SF Pad Site Available • Located In The Center Of The Most Densely-Pop-ulated Student Area In College Station • Located Less Than ½ A Mile From TAMU
Southwest Crossing | College Station
82
Anchored By Proposed Super Walmart Of College Station • Great Access To The Center With Entrances On Longmire & Texas Avenue
• Available Space: ~788 - ~1,200 SF
Southwood Plaza | College Station
86
Robert J. YoungDirector of Commercial Leasing
Senior Broker Associate979.324.1717
If you are considering leas-ing space, please contact our group and allow us to provide you with the insight and ac-
cessible expertise you need to make an informed decision.
26 979.268.2000 • www.OldhamGoodwin.com
2nd Quarter 2010Commercial Quarterly
Property Locations
This map is a rendering of Bryan & College Station city limits and does not accurately show city limits. This map is not to scale and all property locations are approximate.
N. Earl Rudder Fwy
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College Station
Wellborn
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Finfeather Rd
Welsh Ave
Wellborn Rd N
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27979.268.2000 • www.OldhamGoodwin.com
2nd Quarter 2010Commercial Quarterly
Management Division Profile
For More Information About These Services, visit www.OldhamGoodwin.com.
809 University Drive East, Suite 101ACollege Station, Texas | 77840O: 979.268.2000 | F: 979.846.7020www.OldhamGoodwin.com
Management Division Profile
Who We AreThe Oldham Goodwin Group’s management services are part of a comprehensive turnkey solution for any Retail, Office, Multifamily, Industrial or Hospitality owner. We strive to provide asset and property management services to improve ef-ficiency and flexibility for our Clients. By offering a complete range of management services including Asset Management, Property Management, Advisory/Consulting Services, Construction Management and Real Estate Owned (REO) Workout/ Management Solutions, The Oldham Goodwin Group is structured to ensure your investment is maximized at every stage of the process. With a strong focus on customer service, our team works closely with you to identify and execute strategies to improve performance and yield quantifiable results.
Your asset is the foundation of our business; we will make sure you are satisfied with our services. In order to deliver on that commitment, our professional management divisions feature Dedicated Asset Managers, Property Specialization, In-novative Technology, and Transparency and Accountability.
Dedicated Asset ManagersOldham Goodwin’s management divisions are designed to provide professional and dedicated asset management services. Our asset managers are not asked to broker and/or develop properties on their own, on top of managing assets. Instead, they work in tandem with our specialized brokerage and development professionals and deliver operational feedback and strategies. This level of integration provides tremendous value to our Clients.
Property SpecializationOldham Goodwin’s asset managers specialize in one of three classifications of real estate management: Multifamily, Hospi-tality, and Commercial (consisting of Retail, Office and Industrial). This specialization allows our asset managers to excel in their area of specialization, thus providing our Clients with an unmatched level of expertise and experience.
Innovative Technology The Oldham Goodwin Group utilizes advanced property management, accounting, collaboration and marketing technology to deliver quantifiable results for our clients. Through innovative technology, we are able to leverage seamless integration, best practices, and robust reporting to deliver enhanced operational efficiency and real results at the property level.
Transparency and AccountabilityOldham Goodwin’s management services are geared to maximize the return on our client’s investment. Our asset managers are focused on key performance indicators to gauge asset performance. We take our fiduciary responsibility very seriously and believe it is of the utmost importance to provide our Clients with transparency and accountability at every turn.
Our Managed Properties
River Village Marriott Brazos Point Apartments Southwest Crossing at Bee Creek
2nd Quarter 2010Commercial Quarterly
Rick Lemons 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
Travis Ward Leasing Division
Erin Sissell Leasing Division
Senior Broker Associate
Senior Sales Associate
Senior Leasing Associate
Sales Coordinator, Associate Leasing Coordinator, Associate
Leasing Associate
Senior Sales Associate
Senior Broker Associate
Jesse specializes in development and site selec-tion for TOGG. Jesse’s experience includes commercial development and construction, 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. C 979.492.0425 | [email protected]
Travis Ward specializes in office and industrial properties. He has a diverse background in both commercial construction management and com-mercial development. Notable projects from his past include his 12 months of experience in Beijing, China where he assisted in the completion of the U.S. Embassy, as well as his 3 months spent in Dal-las working for Hermansen Land Development.
C 214.675.8714 [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.C 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. C 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.
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.
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, Lemons has listed and sold numerous multifam-ily and single family properties to local and national investors.C 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.C 409.781.7734 | [email protected]
809 University Drive East, Suite 101ACollege Station, Texas | 77840
T 979.268.2000 | F 979.846.7020www.OldhamGoodwin.com
“Accessible Expertise”