primary focus - The Retail Connection

Volume 9, Issue 1 Spring 2016
INSIDE RETAIL
ONE FOCUS. UNLIMITED POSSIBILITIES.
For a complete listing of the 275 plus retail chains TRC currently represents, see page 10 and for details regarding their stores and expansion plans, see our website: www.theretailconnection.net
PRIMARY FOCUS
B y S T E V E N A . L I E B E R M A N & A L A N P. S H O R
STEVE LIEBERMAN
CEO
While the U.S. Presidential primaries continue
to dominate the airwaves as America tunes
in daily for the latest twists, turns, returns
and results, The Retail Connection [TRC]
team remains totally focused on delivering
the optimal connection at every point where
retail and real estate come together. Uniting
the party[s], navigating our clients and
partners through the real estate markets
with unmatched knowledge, experience,
capacity and commitment to their success,
once again led to extraordinary returns and
results of its own, with 2015 being our most
successful year yet.
As we begin our fourth term in office, we are building on our over 110+
teammates in our Dallas, Austin, Houston and San Antonio operations,
dedicated to delivering on our promise to provide the end-to-end resources
necessary to optimally drive the expansion strategies of our clients across North
America. Repeat business and new additions to our client base led to TRC’s
transaction volume increasing by 10% in 2015 with the overall consideration
topping one-billion dollars for the first time in our history. Our 784 transactions
added solidly to TRC’s six thousand plus deals for more than six billion dollars
in consideration to date. We expand our tenant rep client base by 70 new
retailers, TRC currently represents more than 275 restaurant and retail chains,
as we continue to bring new retailers and restaurants to the market. As always,
taking care of our existing client base remains order number one and led to
2015 milestones including our 250th deal for VisionWorks, 200th deal for Bed
Bath & Beyond, and 100th deals for Dollar Tree and Famous Footwear. TRC’s
landlord representation team continued to add high profile listings, taking such
assignments to over 300 retail centers totaling over 27 million square feet.
TRC’s tremendous return on our return to Village on the Parkway [TRC previously
owned the property from 2004-2007] was one of our most notable, whereby
TRC and its partners’ redevelopment of the high profile property was 2015’s
largest retail property sale in the State of Texas and one of the top 10 retail
real estate sales in the U.S. In total, TRC joint ventures monetized 5 shopping
centers in 2015 representing over 1.2 million sf of projects and over $325
million in value, achieving strong financial return averages of 39.5% IRR and
3.50x ERM to these partnerships. Further, TRC’s tenant driven developments
and acquisitions activated over 5 million sf in new projects in 2015, further
extending the reach of our client’s expansion programs.
TRC’s Connected Development Services [CDS] broke ground on, added
phases to, and grand opened over a million square feet of projects, taking
TRC|CDS total amount of shopping centers developed | redeveloped to over
3.5 million sf and more significantly, we initiated another 4.5 million sf of new
developments. TRC’s Connected Acquisitions Services acquired over 200,000
sf of shopping centers, taking that total over 2 million sf with another 800,000 sf
of tenant driven acquisitions and redevelopments in our current pipeline; TRC’s
merchant banking division, Connected Capital, added three more operating
investments, Republic Insurance Company, Tiff’s Treats and Diamonds Direct,
taking our portfolio to 17 retail related businesses, as we extend our streak of
successful private equity investments.
TRC’s 2015 accomplishments also included becoming the Chain Links partner
for DFW, Austin and San Antonio. ChainLinks is the leading network of retail
brokerage companies across North America, adding to our capacity to extend
the reach of our clients’ real estate programs and lead their expansion strategies
across the country.
All external measures reflect positively that new retail and restaurant demand
will be with us for a number of years to come. 2015 retail sales were up 2.1%.
1
Housing, which has been a major part of
our economic recovery, has slowed slightly
but remains strong. The unemployment rate
has remained steady at 5.4 %, with Texas
even lower at 4.3%. While we anticipate
that interest rates will rise slightly, they will
remain low for the foreseeable future, which
will continue to contribute to our robust real
estate market. Additionally, lower oil costs
will continue to favorably impact retail sales,
freeing up almost $100 billion in gasoline
savings to the consumer. The consumer
clearly feels very good, with the overall
consumer confidence rate well above 90%.
ALAN SHOR PRESIDENT
Nationwide, we have seen net absorption of
retail space total 88 million square feet, far
outpacing new construction and driving occupancy to 90%, an all-time high.
In addition to the 80,000 stores that have opened over the last 24 months, an
additional 80,000 stores are projected to open over the next 24 months and we
are clearly in a major new development cycle for retail.
Our markets [Texas and the surrounding states] reflect an even stronger
position. Texas on its own is the 14th largest economy in the world. Houston,
San Antonio, Dallas and Austin are 4 of the 11 most populated cities in the U.S.
The State is growing by 2,000 people per day and we lead the nation in job
growth. Since 2000, Texas has created 2.1 million jobs, almost a third of all the
jobs created in the U.S. The DFW Metroplex itself has consistently added more
than 300 residents per day for the last 30 years, 95,000 in 2015 alone. With
over 7 million residents, DFW is the fourth-largest metro in the US, behind only
New York City, Los Angeles and Chicago – with more residents than 36 states.
Houston has a population of 6.6 million with more residents than 33 states. It
is the largest city in the southern United States and the 4th largest overall. If
it were an independent nation, it would rank 30th in the world’s economy. San
Antonio is the 7th most populous city in the nation and the 2nd most populous
in the state. It was the fastest growing city of the top 10 largest US cities from
2000-2010, and it is projected to add 2 million residents by 2050. Austin, the
state’s political and tech capital, has more people than the whole state of
Alaska and 70% of the population of Texas lives within 200 miles. It’s tight,
it’s weird, it’s fun and it is an incredible market. Texas continues to lead the
country in economic growth, as it ranks #1 in new job creation and population
growth. Dallas-Fort Worth, Austin and Houston rank among the top ten markets
for commercial property investment and best places to do business. Retail
center occupancy rates in Texas’ four major markets are at an all-time high,
with Dallas at 92%, Houston at 96%, Austin at 96% and San Antonio at 93%.
Our surrounding states, including Oklahoma and Arkansas, are showing strong
economic growth as well.
Electing a new U.S. President always comes with uncertainties, particularly as
to their impact on the economy. We are confident that whoever is elected to the
most powerful position in the world, our platform will continue to enable us to
optimize the opportunities in front of us. From TRC’s origin in 2004 to today, our
total commitment to our clients remains our primary focus and guiding force.
With great appreciation we embrace our incredible relationships, our tenantdriven business model and geographic location, all of which continue to enable
us to measurably grow our business in all economic scenarios. We continue to
innovate, create, extend our boundaries, seize our opportunities and leverage
our unique advantages. We look forward to 2016 being another strong year
for us, whereby, we continue to invest in the company, build our platform, and
provide superior experiences for our clients. As always, our team, clients and
partners continue to play exceptional roles and are the ones responsible for our
success. You all are the best and you have our vote every time. We could not
be more proud than to be on your team and as always, we look forward to all
of our opportunities ahead.
ONE FOCUS. UNLIMITED POSSIBILITIES.
R E TA I L R E P O R T | S E R V I C E S | A W A R D S | E X PA N D I N G
COMPREHENSIVE SERVICES
BROKERAGE
Te n a n t R e p r e s e n t a t i o n
Project Leasing
General Brokerage
Surplus Property Dispositions
ADVISORY
E x p a n s i o n S t r a t e g y | Te n a n t
Merchandising Plans | Property
Retail Operations
INVESTMENT
Acquisition
Development
Strategic Capital
Merchant Banking
MANAGEMENT
G
Property Management
Asset Management
Construction Management
Marketing Services
Corporate Services
PROMOTIONS
D
I
N
Since Spring 2015
Jessica Bass
David Fazio
Travis Robertson
Senior Marketing Manager
Dallas
Executive Vice President
Brokerage | Dallas
Senior Vice President
Brokerage | Austin
N E W R E TA I L E R S
P
A
N
Since Fall 2015
Jeremy Zidell
Kendall Ibsen
Executive Vice President
Brokerage | Dallas
Senior Vice President
Brokerage | Dallas
NEW LANDLORDS
E
X
Since Fall 2015
NEW TRC TEAM MEMBERS
Since Fall 2015
Congratulations to Doug Nash for winning the DBJ
2015 CFO of the Year [real estate category] award!
From the entire team at The Retail Connection
2
Erica Teague
Admin Professional
Brokerage | San Antonio
Brant Mullen
Tenant Coordinator
Dallas
Britta Pierce
Jr. Admin Professional
Dallas
Gloria Leija
Admin Professional
Brokerage | Dallas
ONE FOCUS. UNLIMITED POSSIBILITIES.
T R C | R E TA I L R E P O R T | S E R V I C E S
RETAIL REPORT | DFW
CONNECTED DEVELOPMENT SERVICES | CDS
DFW: GREAT AGAIN
L A ZE R F OC U S
By STEVE ZIMMERMAN
By DAVID WILSON
As the United States has been focusing on the
presidential primaries, the primary focus of the
DFW brokerage group has been getting deals
done for our clients. To that end transactions are
up over 17% from 2015 and we see continued
strength in all areas of our business.
STEVE ZIMMERMAN
MANAGING DIR. | Brokerage
Our tenant representation platform has grown
to approximately 275 of the best retail and
restaurant chains in the U.S. Our team completed the first transactions
in DFW for Soul Cycle, Shake Shack, Flix Brewhouse, and Costco, while
continuing to support our existing clients such as Bed, Bath & Beyond,
Party City, Tuesday Morning, Dollar Tree, El Pollo Loco, VisionWorks,
TopGolf, Petsmart, Best Buy, Bonobos, Rally House, DSW, Advanced
Auto and many others.
Our project leasing business also remains very strong as we now
represent over 300 shopping centers totaling over 27 million square
feet of retail space. Even with big box users such as Sports Authority
and The Fresh Market closing their operations, DFW occupancy
remains at a near all-time high [+/-91.5%]. Fueling the demand for
retail space in DFW is the continued influx of corporations and the
demand for a highly-educated workforce. Over the past decade, DFW
has been one of the fastest growing cities in America with a population
of approximately 7 million people [an increase of 9% since 2010]. This
increased population has driven retailers and restaurateurs to DFW in
record numbers.
Our primary focus continues to be furthering the expansion plans of
our clients and we could not be more excited about the future of the
DFW market.
CONNECTED ACQUISITION SERVICES | CAS
The Retail Connection’s tenant driven development
platform is clearly focused. For Connected
Development Services, that means that, when
asked to help, a solution to every locational
need of our tenants is pursued. The result of this
primary focus is a number of developments and
redevelopments in planning or under construction
that originated with a need of a TRC represented
tenant. Other development and redevelopment
opportunities also come along which happen to
meet TRC tenant needs as well.
La Cascata Retail Village was created because JoAnn’s couldn’t find an
acceptable location in Killeen. What will become a 450,000 square foot
project commenced based on this 15,000 square foot tenant’s need.
A number of our retailer clients wanted to move in Katy, so we found a
site and pulled together a wonderful tenant mix of TRC tenants for The
Shoppes at Park West including Bed Bath and Beyond, Buy Buy Baby,
DSW, Petsmart, DXL, Dick’s, Field & Stream, and Kirkland’s.
We have activated additional projects in McAlester, OK, on SPID in
Corpus Christi, Rockwall, Longview, Burleson, Pearland, and numerous
other markets.
At CDS are definitely lazer focused, primarily on meeting the needs of
TRC’s retail clients.
CONNECTED MANAGEMENT SERVICES | CMS
TOTALLY FOCUSED
By STEVE HEFNER
By CARLA NEEL
There are many types of real estate investments,
but really only two types of returns. One is a return
ON equity and the other is a return OF equity. Said
STEVE HEFNER
PRESIDENT | CAS
another way, yield investors versus value creators.
We are the latter. Our focus is to turn a property
that has many issues, into a property that will have little issues. From a
redevelopment perspective, we want to turn properties from ugly ducklings
into beautiful swans, but in a cost-efficient manner.
If there is little property cash flow year-over-year [due to changing the tenant
lineup for a better group of tenants, as an example], then that’s fine. We will
make our returns later when we sell a property. The value to us on the finished
product is worth much more than the incremental value along the way.
Take for example Village on the Parkway. We knew that we had Whole
Foods that would take the hard corner. We also knew we would land
a theater to complement the grocer on the other end. Everything in
between these anchors would promote a village feel. With a significant
capital improvement program, we created a great tenant mix of old
tenants and new ones, which worked perfectly.
With another acquisition [Willowbrook Plaza], we took a different approach.
With just a small capital improvement program, we brought in Bed Bath &
Beyond and other great tenants represented by The Retail Connection and
we turned at sub-60% occupied center into almost 90% occupied, with a
fantastic lineup of tenants that completely reinvigorated the property.
In these examples, the properties became “beautiful swans” in two
dramatically different ways. So, our primary focus has an oftenchanging direction. But, it should lead us to the same conclusion, which
is a much better property than what we started with. These disciplined
approaches have worked for us well in the past and we will continue to
focus on them for the future.
3
PRESIDENT | CDS
Cases in point, The Village at Cumberland Park, a 700,000 square foot
power village at full buildout in Tyler met a need for Bed Bath and Beyond
to expand their store and add their sister company Cost Plus World
Market. Once the location was identified, additional TRC tenant’s needs
got met. Studio Movie Grill was a good fit for the market. Gordman’s liked
the location for their first Texas location. JoAnn’s DSW, Famous Footwear,
Zoe’s, Rotolo’s Pizza, and Anytime Fitness also found good locations in
the project.
POSITIVE CHANGE
Our acquisition team’s primary focus is to be the
best at acquiring and reinvigorating properties.
But that definition is too simple. In our core
business, we acquire retail properties that best
suit our overall company model, which is to
extend the reach of our retailer clients.
DAVID WILSON
We are off to a great start in 2016 with new
assignments including Mills Point Shopping
Center, a neighborhood retail center in Carrolton,
West Woods Shopping Center, a core retail
center in Austin, and the grand opening of a new
construction development, Shoppes at Park West
– Phase 1 in Katy. These projects add more than
750,000 sq. ft. to the CMS portfolio.
Carla Neel
SVP | CMS
With over 3.5M square feet under management, our property management
team’s focus is on delivering results. Much like an election, after winning
the popular vote [the assignment, in the case of property management],
the candidate must demonstrate that they will in fact serve the
constituents [our tenants and clients], focus on fiscal spending [meeting
or exceeding budgets], economic growth [maximizing asset potential] and
work towards solutions to the issues at hand. This last point can prove
difficult for the typical property manager’s mindset. Yes, most all property
managers are problem solvers, however not all are trained to be openminded, creative and flexible when doing so. These traits set us apart at
CMS. Many of the other candidates [property managers] have a one-size
fits all approach to problem solving. Because our team at CMS continues
to work on such diverse projects with diverse ownership goals, we have
learned that shopping center assignments cannot be standardized and
each requires its own unique game plan. Our focus is on creating and
executing that game plan in order to deliver results.
With the economy and retail development soaring in Texas, we will
continue to collaborate with our clients, developers and brokerage
teams to deliver great results and focus on our brand of uniquely tailored
property management. VOTE FOR CMS | RESULTS YOU WANT.
ONE FOCUS. UNLIMITED POSSIBILITIES.
TRC | AREA OFFICES
RETAIL REPORT | AUSTIN
RETAIL REPORT | HOUSTON
LEADING THE WAY
DEVELOPMENT OPPORTUNITIES RISE IN
HOUSTON MARKET
By LANCE MORRIS
As we continue towards this year’s election,
one might liken Austin to a “leader in the polls”.
Across the nation, Austin ranks as one of the top
cities in which to live with over 160 people moving
here daily. The Austin – Round Rock metro area
just crossed the 2 million population threshold
LANCE MORRIS
PRESIDENT | Austin
in 2015 for the first time, according to Census
Bureau data released in March. The suburbs are
continuing to expand outward to accommodate this growth paving the
way for additional residential, commercial and retail development. As
Pflugerville Mayor Jeff Coleman puts it, the Suburbs benefit more from
Austin’s reputation than Austin itself!
In 2016, Austin will deliver approximately 450,000 square feet of retail
space and retail rent growth continues to climb in the high single digits
with a current average in the mid-twenties. Occupancy remains strong
at 96%.
Although sounding oxymoronic, TRC Austin’s primary focus continues
to be diversity. With a booming economy in a smaller footprint, Austin
allows for a multi-pronged brokerage strategy.
Our tenant representation remains strong with the addition of
McDonald’s, Greater Texas Federal Credit Union, Roche Bobois, Dunkin
Donuts and Shoe Carnival all looking for sites or multiple sites in the
greater trade area, as well as Central Texas. On our project leasing
side, we have new assignments such as Parkline Shopping Center,
which include several coveted junior anchor spaces in a tight trade
area. New development continues with our Patron Plaza which will turn
space over to tenants in July, 2016. Groundbreaking has occurred at
Crosscreek Market at 1431 & 183A in Cedar Park with space expected
to be turned over in October and 45/35 Point and the redevelopment
of a former Garden Ridge site at Hwy 45 & IH-35. From an investments
sales perspective, the outward Austin sprawl is making entitled multifamily, residential and retail land the hottest commodity right now and
we have over 500 acres currently listed or under contract.
As we look ahead, there are no signs of slowing down and we will
continue to build our platform on the basis on the dynamic synergy
created by a “Primary focus of Diversity.”
B y D AV I D S T U K A L I N
Across the nation, lower oil prices have dominated
the headlines everywhere detailing the ‘turmoil’
occurring in Houston. In reality, Houston has
continued expansion throughout the relative slump
in the economy in nearly all sectors – job growth,
residential development, and most importantly,
retail development. With net new jobs expected
to reach northward of 25,000 in 2016, consumers
DAVID STUKALIN
continue to need somewhere to shop. As such, retail
PRESIDENT | Houston
development has maintained its strong focus across
Houston, with grocery anchored centers [nearly 30 completed or under
construction over the last year] leading the way. As we enter the midway
point of 2016, Houston is projected to complete nearly 3.3 million square
feet of retail space by year end, making it the No. 1 city in the nation for
retail addition. That is on top of the 3.9 million square feet added in 2015.
In the last year, The Retail Connection’s Houston office has significantly
ramped up its development efforts with a couple new large projects
underway – The Shoppes at ParkWest & The Gateway at Pearland – as well
as a few more developments currently in the works.
The Shoppes at ParkWest is a 450,000 SF power center opening in phases
over the course of 2016 and 2017. Phase I – consisting of Bed Bath &
Beyond, buybuyBABY, DSW, Petsmart, Kirkland’s and Destination XL – will
open this summer 2016; Phase II – including, Dick’s Sporting Goods, Field
& Stream, Golf Galaxy, Mattress Firm and Chipotle – is expected to open
late Fall 2016; lastly, Phase III will open in the summer 2017.
With an expected ground-breaking in the 1st Quarter of 2017, The Retail
Connection is pleased to announce the kickoff of The Gateway at Pearland –
a 500,000 SF power center. In addition to its retail and restaurant components,
the project will also be comprised of multi-family, office and hotel uses.
Expected completion of The Gateway at Pearland will be Fall 2018.
In tandem with its recent development success, the driving force behind
The Retail Connection continues to be its tenant representation and
project leasing platforms. With over 80 national, regional and local tenants
currently represented exclusively in the Greater Houston market, we are
continuing to expand our clients’ footprints across the city of Houston
and its surrounding markets. Bed Bath & Beyond, buybuyBABY, Cost Plus
World Market, DSW, Nordstrom Rack, LA Fitness, Chase Bank, Starbucks,
Destination XL, At Home, Raising Cane’s, Studio Movie Grill and Famous
Footwear are amongst the numerous retailers with several deals scheduled
for openings through 2016-2017 and beyond.
We live in a great city and have a wonderful TRC team in Houston, and I
could not be more proud to be a part of it all. Overall, we are excited about
the very successful past 12 months and are eager for what lies ahead for
The Retail Connection, as we continue to meet the demand for further
development, tenant and landlord representation and begin to reach a new
level of growth in the Houston real estate market.
RETAIL REPORT | SAN ANTONIO
G R O W I N G T H E PA R T Y
construction and development throughout
By NICK ALTOMARE | SHERMAN HINKEBEIN
South Texas.
The Retail Connection’s focus for statewide servicing has greatly expanded the San
Antonio’s Tenant Rep business over the past
year. Our primary focus has been servicing
our clients’ needs with market guidance and
overall store penetration strategies. The San
NICK ALTOMARE
EVP | San Antonio
Antonio retail market continues its strong
performance closing out 2015 with over
900,000 square feet in positive absorption.
Job growth in San Antonio MSA for 2016 is
projected to be 20,000 to 30,000 tracking
at 2% to 3%. The MSA unemployment rate
is 3.89 % vs. 5.8% for the United States.
The annual amount of new home sales for
SHERMAN HINKEBEIN
EVP | San Antonio
2015 was 8,742 units. Citywide vacancy for
centers over 20,000 SF is 9.3% [ranging from 3.6% in regional
malls to 14.5% for small unanchored strip centers 30,000 SF and
under] with rents averaging $16.95.
Notable deals for The Retail Connection include: At Home
TRC continues to grow our project leasing portfolio to enhance
[96,481 sf] in The Retail Connection’s redevelopment of the
Landlord’s values by adding value to the community, fulfilling
Target building at US Hwy 281 at Rector; and new PetSmart and
projects
continued
Panera Bread in New Braunfels, TX; Mega Fur niture [39,654 sf],
performance. Additionally, with the limited vacancy of quality
South Park Plaza, Introductory a store for Ifly and, Bubba’s 33
retail
in San Antonio, TX.
merchandising
properties,
4
TRC
needs;
is
and
creating
delivering
opportunities
with
new
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C O N N E C T E D | R E TA I L E R S
F o r a c o m p l e t e l i s t i n g o f t h e 2 7 5 p l u s re t a i l ch a i n s T R C c u r re n t l y re p re s e n t s , s e e o u r w e b s i t e : w w w. t h e re t a i l c o n n e c t i o n . n e t
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C O N N E C T E D | R E TA I L C E N T E R S
F o r a c o m p l e t e l i s t i n g o f t h e 3 0 0 p l u s r e t a i l c e n t e r s T R C c u r r e n t l y r e p r e s e n t s , s e e o u r w e b s i t e : w w w. t h e r e t a i l c o n n e c t i o n . n e t
ALPHA PARKWAY PLAZA
Dallas, TX
BIG BOX REDEVELOPMENT
SAN ANTONIO, TX
retail
BUFFALO CREEK CROSSING
Rockwall, TX
Dallas, TX
FRISCO MARKET CENTER
Frisco, TX
CROSSCREEK MARKET
Cedar Park, TX
Forney, TX
Corpus Christi, TX
retail
LEWISVILLE, TX
Katy, TX
THE VILLAGE AT CUMBERLAND PARK
Tyler, TX
6
Waxahachie, TX
Paris, TX
THE RIVERBEND
Austin, TX
THE SHOPS AT FORUM
San Antonio, TX
VILLAGE SHOPPING CENTER
San Antonio, TX
retail
retail
WAXAHACHIE MARKETPLACE
PARIS COMMONS
retail
THE SHOPPES AT PARKWEST
retail
SHOPS AT VISTA RIDGE | VR PLAZA
McAlester, OK
retail
THE REALM OF CORPUS CHRISTI
Little Rock, AR
MCALESTER TOWN CROSSING
Carrollton, TX
retail
SHACKLEFORD CROSSINGS
Killeen, TX
retail
MILLS POINTE SHOPPING CENTER
Austin, TX
LA CASCATA SHOPPING VILLAGE
Dallas, TX
retail
PARKLINE SHOPPING CENTER
Pearland, TX
retail
LINCOLN PARK Shenandoah [The Woodlands], TX
THE GATEWAY AT PEARLAND
Benton, AR
retail
METROPARK SQUARE
San Antonio, TX
retail
HURRICANE CREEK VILLAGE
Lewisville, TX
FORUM CROSSING
Round Rock, TX
retail
LEWISVILLE TOWNE CROSSING
Dallas, TX
retail
GARDEN RIDGE REDEVELOPMENT
Burleson, TX
CYPRESS AT TRINITY GROVES
retail
FORNEY MARKETPLACE
retail
HIDDEN CREEK VILLAGE
Round Rock, TX
retail
retail
FACTORY SIX03
BOARDWALK SHOPPING CENTER
retail
WEST UNIVERSITY CROSSING
McKinney, TX
THE WEST WOODS
AUSTIN, TX
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L A N D L O R D R E P R E S E N TAT I O N
Accelerated Development Services
Action Properties, LLC
AEW Capital Management, L.P.
The Ainbinder Company
Albert Sign Company, Inc.
Argyle Residential
Ascension Development
Ashley Furniture
ATCO
Atlantic Hotels Group, Inc.
Beltline Preston, LTD
Benchmark Opportunity Partners,
LLC
Berkeley Investments
Berlin Interests, Inc.
Billingsley Company
Blue Star, LP
Bridgeview Real Estate
Bromont Group
Burk Collins & Co., LTD
Caliber Capital Group
Capital City Partners
Captex Development Co., LLC
The Carlton Group
Catellus
Catlyn Capital Corp.
Centennial Real Estate Company, LLC
CFT
Charter Stone Capital
Cheney & Mathes Properties
The City of Cedar Park
Clearview Investments, Ltd.
Commercial Realty Group [CMC]
Connected Acquisition Services
Connected Development Services
Connected Management Services
Corinth Properties
Covington Partners
Crescent Real Estate Equities, LLC
Crimson Capital, LLC
Crosland Group
Crow Holdings
Dalsan Properties
E2M Partners
Edry Commercial Properties
Education Realty Trust
ECOM Real Estate Management
Elite Shopping Centers Management, Inc.
The Encore Company
Endeavor Real Estate Group
Family Video
Farrell Properties
Ferem Property Company
First Capital Advisors
First State Bank of Central Texas
Fountain Capital, LP
Global Fund Investments, LLC
Goveia Commercial Real Estate
Granite Properties
Guggenheim Real Estate
The Hayman Company
H-E-B
Heitman
Hermansen Land Development
Herschel Forester & Company
Highpoint Capital Group, LLC
Hunt Properties, Inc.
Inland American
Invesco
Kamin Realty Company
Karns Commercial Real Estate
Karsh Capital Management
Kimco Realty Corporation
L3 Investment Properties, LLC
Langford Property Company
Ledcor Group
Levcor, Inc.
Lincoln Property Group
Lockard Realty
M&J Wilkow, Ltd.
Maly Commercial Realty
Margaux Development Company
Mark R. Smith Co., Inc.
Midwood Investment and Development
Mila Properties
Mimco, Inc.
MKP Captial Management
Moore & Associates
North American Development Group
One Liberty Properties, Inc.
Orix
Petroff Realty
Phoenix Property Company
Pine Tree Commercial Realty
PLS Realty
Ponderosa Land Developmentt Co.
Prattco
Premas Global Leander, LLC
Property Evolution Investors
Provident Realty Advisors, Inc.
Provost Group
Quattro Development, LLC
Randall’s Food & Drug, LP
Red Sea Group
Regis Realty Prime LLC
Retail Properties of America, Inc.
Riverside Resources
R.L. Worth & Associates
RM Realty Group, LLC
Rosebriar Properties
Safeway, Inc.
Sam Moon Trading Company
SBL Professional Realty, Inc.
Seitz Group, LLC
Select Strategies Realty
Showbiz Cinemas
Simon Property Group
SMI Realty Management
The Stainback Organization
St. Ives Realty, Inc.
Starpoint Properties, LLC
Stonewood Investments
Stratford Land
Terra Enterprises
Tex-Can Real Estate Group
Thayer Lodging
TPJ Properties, LTD
TPMC Realty Corporation
Trammell Crow Residential
United Heritage Credit Union
U. S. Industries
Vaquero Ventures
Vista Property Company
Wade Interests
Westdale Real Estate Investments
Westwood Financial Corp.
Wolverine Interests
World Class Capital Group
T R C I N V E S T M E N T U P D AT E
D E VELOP MENT
Former Target | San Antonio | 120,000 SF [for sale]
Arlington Highlands | Arlington, Texas | 625,600 SF
[sold | AEW Capital Management]
Arlington Highlands East | Arlington, Texas | 109,727SF
[sold | AEW Capital Management]
Mansfield Pointe | Mansfield, Texas | 150,000 SF
[sold | Inland Real Estate Corporation]
Weatherford Ridge | Weatherford, Texas | 381,000 SF
[sold | Dunhill Partners]
The Village at Cumberland Park | Tyler, Texas | 713,618 SF
| Phase 3: 130,000 SF
Hurricane Creek | Benton, Arkansas | 235,000 SF
The Shoppes at Parkwest | Katy, Texas | Phases 2 & 4:
152,391 SF
Hobby Lobby | Plano, Texas | 54,370 SF [for sale]
Patron Plaza | San Antonio, Texas | 11,970 SF
North Loop Shopping Center | Longview, Texas | 250,000 SF
A C QU I S I TI ON
Quorum Plaza | Dallas, Texas | 77,800 SF
[sold | Westwood Partners]
Shackleford Crossings | Little Rock, Arkansas | 376,000 SF
Town Centre Plaza | Mesquite, Texas | 94,096 SF
[sold | Lincoln Property Company]
Willowbrook Plaza | Houston, Texas | 384,663 SF
[sold | DDR Corp.]
Woodpark Shopping Center | Spring, Texas | 143,850 SF
Dragna | Dallas, Texas | 9,600 SF
[sold | Private Investor]
Lakewood | Dallas, Texas | 8,000 SF
Torchy’s Taco | Tyler, Texas | 6,000 SF [for sale]
PR OP OSED NEW DEVELO PME N T
La Cascata | Killeen, Texas | Phase 1: 175,000 SF | Total
project 450,000 SF
The Realm of Corpus Christi | Corpus Christi Texas | 500,000 SF
McAlester Town Center | McAlester, Oklahoma | 150,000 SF
Settler’s Landing | Tyler, Texas | 80,000 SF
Crossroads | Decatur, Texas | For Sale
Grand Corners | Katy, Texas | For Sale
Paris Commons | Paris, Texas | 175,000 SF
Buffalo Creek Crossing | Rockwall, Texas | 435,000 SF
Hidden Creek Village | Burleson, Texas | 500,000 SF
The Gateway at Pearland | Pearland, Texas | 310,000 SF
R E - DEVE L OPMENT
Village On The Parkway | 2011 | Addison, Texas | 381,000 SF
[sold | UBS]
Village On The Parkway | 2004 | Addison, Texas | 381,000 SF
[sold | DRA Advisors]
M E RC H A N T B ANKI NG
Teavana | An Atlanta based high end retail chain specializing in teas
and related merchandise from around the world | [IPO July, 2011
NYSE Symbol: TEA bought by Starbucks December 2012]
Mervyn’s Holdings, Inc.
Regional Management Corp. | A South Carolina based small
loan retail chain | [IPO March, 2012 NYSE Symbol: RM]
Mealey’s Furniture | A Philadelphia based regional furniture chain
Sovereign Bank | A Dallas based regional bank
TFO, Inc. | A Florida based national chain of fragrance stores located
primarily in better outlet centers
SAN ANTONIO
HOUSTON
AUSTIN
DALLAS
BazaarVoice | A social network that helps businesses capture,
display, share, and analyze customer conversations online
[IPO February, 2012 NYSE Symbol: BV]
TacoMac | An Atlanta based casual restaurant chain
European Wax Center | A 500+ chain affordable waxing service
SunTex | A fund focused on purchasing and operating marinas across
the U.S.
Republic Insurance Company | [sold | AmTrust Financial Series]
| A national property and casualty insurance company
Tiff’s Treats | An Austin based chain selling fresh-baked cookies
7
ONE FOCUS. UNLIMITED POSSIBILITIES.
T E N A N T R E P R E S E N TAT I O N
1/2 of 1/2 Name Brand Clothing
A Pea In The Pod
Advance Auto Parts
Afrah Mediterranean
Restaurant & Pastries
Agra Culture
Amberjax
AMC Theaters
Another Broken Egg
Anytime Fitness
Armand’s
At Home
Austin Lobster Rolls
Bach to Rock
Baguette Et Chocolat
Baker Street Pub & Grill
Banh Shop
Barnes & Noble
Battery Giant
Baywood Hotels
Becks Prime
Bed Bath & Beyond
Benedict’s Restaurant
Best Buy
Bicycle Sport Shop
big drop NYC
Birds Barbershop
Black-eyed Pea
The Blue Fish
Boi Na Braza
Bolsa
Bonobos
Brident Dental
British Beverage Company
Buffalo Wild Wings
buybuy Baby
Cake Bar
Campisi’s Restaurants
Catherines
Cavender’s
Cedars Mediterranean Mezza
Chase Bank
Chicken Scratch + The Foundry
Children’s Lighthouse
Chop House Burger
Christmas Tree Shops
Church’s Chicken
CiCi’s Pizza
Citi Trends
City Surf Fitness
Club Pilates
Columbia Sportswear
Complete Nutrition
The Coop
CorePower Yoga
Cork & Pig
Costco
Cowboy Chicken
Cowboy’s Danchall
Cucina Enoteca
Culinary Dropout
Cupcakes Cubed
Daily Juice
Dallas Chop House
Dallas Fish Market
Dave & Buster’s
Deli-News
Destination Maternity
Destination XL
Dog Haus
Dollar Tree
Dr. Martens
Dr. Smart Phones
DSW Shoes
Dunkin’ Donuts
Elite Appliances
El Pollo Loco
Equinox Fitness
European Wax Center
Explore Learning
EZ Money
EZ Pawn
Family Video
Famous Footwear
Fantastic Sam’s
Farm 2 Pet
Fish City Grill
Fit 180
Fitness Connection
Fix Coffee
Fleuvog Shoes
Flywheel
Foot Locker
Forty Five Ten
Freed’s Furniture
Freshii
GameStop
Gelato-Go
Giordanos
Golden Chick
Golfsmith
GolfTec
Great Clips
Greater Texas Federal Credit
Union
The Halal Guys
Hat Creek Burger Company
Haverty’s Furniture
Haymaker
Heritage Pizza Co.
Hest Fitness
Hibbett Sports
Hillstone Restaurant Group
Hobby Town USA
Hoffbrau Steaks
The Holy Grail Pub
Home Slice Pizza
The Honor Bar
Hook Line & SInker
Houston’s
Howard Wang’s Grill
Humperdink’s
Hoya Korean Kitchen
iFly
Impress for Less
IntegraCare
Iron Cactus
Jakes Uptown
JCPenney
Jersey Mike’s Subs
Jet’s Pizza
Jiffy Lube
Jo~Ann Stores
Jos. A. Bank
K&G Menswear
Kate Weiser
Katie Kime
Kleiman|Evangelista
Kool Smiles
LA Fitness
Lane Bryant
Lazy Dog Restaurant & Bar
Lifetime Fitness
The Lion & Rose
Little Katana
Local Pour
Lolo’s Chicken & Waffles
Luck
Malai Kitchen
Mattison Avenue
Maurices
McAlister’s Deli
Mealey’s Furniture
Mega Furniture
Menchie’s
Men’s Wearhouse
Micro Center
MidiCi
Milk + Cream
Mill No. 3
Mimi Maternity
Moe’s Southwest Grill
Motherhood Maternity
Moxie’s Grill & Bar
Music & Arts
Native Foods Cafe
New Sound Hearing Aids
Nola Grill
Nom Noms Mexican Grill
& Chill
Nordstrom Rack
The North Face
Old Chicago
Old Town Baking
Company
Olivella’s Neo
Olympia Sports
Optum Healthcare
Otte New York
Pacific Table
Panera Bread Company
Papa John’s
Paradise Bakery
Party City
Pei Wei Asian Diner
Peter Piper Pizza
PetSmart
Pho Disctrict
Physicians ER
Piada Italian Street Food
Pigtails & Crewcuts
Piranha Killer Sushi
Planet Fitness
Planet Sub
PLS Realty
Polished Perfect
PPG Paints
Prana
Prohibition Chicken
Project Pie
Protein Bar
Pure Barre
R+D Kitchen
RA Sushi
Rainbow Shops
Raising Cane’s
Rally House Texas
Regency Beauty
Rent-A-Center
Resolute Fitness
Robbins Brothers
Roche Bobio’s
Rockler Woodworking
and Hardware
Rotolo’s Pizzeria
Ruggeri’s Italian Kitchen
Salata
Sal’s Pizza
Sam Moon Trading Co.
San Martin
Savers
Shake Shack
Shell Shack
Sherlock’s Pub
Shoe Carnival
Showbiz Cinemas
Slim 4 Life
Smiling Moose Deli
Smoke
Snappy Salads
Snip-Its
SoulCycle
Sports Authority
Starbucks
Studio Movie Grill
Styles for Less
Sunny Street Cafe
Swatch
SweetGreen
T.G.I. Friday’s
Take 5 Oil Change
Taverna Rossa
TCBY
Team Sports &
Performance Apparel
The Theodore
Tide Dry Cleaners
Tiff’s Treats
Top Golf
Torchy’s Tacos
Tre Wilcox
Tropical Smoothie Cafe
True Value Hardware
Truluck’s
Tuesday Morning
Uberrito
UFC Gym
The Union Bear
Urban Taco
US Army Recruiting Centers
Visionworks
Vivo 53
Wabi House
Wild Salsa
Wing Daddy’s
World Market
brokerage
| advisory | investment | management
DALLAS | FORT WORTH
CORPORATE OFFICE
2525 McKinnon Street
Ste. 700
Dallas, TX 75201
p 214.572.0777
f 214.572.0009
AUSTIN OFFICE
HOUSTON OFFICE
221 W. 6th Street
Ste. 1030
Austin, Texas 78701
p 512.485.0888
f 512.485.0890
10000 Memorial Drive
Ste. 170
Houston, TX 77024
p 713.547.5555
f 713.547.5549
FOR QUESTIONS REGARDING THIS NEWSLETTER, PLEASE CONTACT
JESSICA BASS | Senior Marketing Manager
EMAIL: [email protected]
www.theretailconnection.net
8
SAN ANTONIO OFFICE
Union Square I
10101 Reunion Blvd
Suite 160
San Antonio, TX 78216
p 210.408.6464
f 210.408.6465