celebrating 10 years - The Retail Connection

Volume 7, Issue 1 Spring 2014
INSIDE RETAIL
ONE FOCUS. UNLIMITED POSSIBILITIES.
10 years. one focus. unlimited possibilities.
For a complete listing of the 250 plus retail chains TRC currently represents, see page 12 and for details regarding their stores and expansion plans, see our website: www.theretailconnection.net
10+
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
The celebration of our first ten years
Another great plus is being based in
together as The Retail Connection has
Texas, the fastest growing economy in
given us the opportunity to reflect on the
the nation, growing at 60% faster than
enterprise that we have evolved into and
the U.S. and creating more jobs than
all that we have ahead. We are extremely
any other state in the country. Texas is
proud of our team and business platforms,
the 14th largest economy in the world
and appreciative of all our invaluable
and our GDP is expected to grow 5% in
clients and partners that have connected
together to make our first decade a 10+.
STEVE LIEBERMAN
CEO
Today,
TRC
has
90+
employees,
2014 versus the U.S. at 3.2%. Our 5.7%
unemployment rate [vs. the country’s
6.7%] has been at or lower than the
national rate for 7+ years and since 1995,
ALAN SHOR
PRESIDENT
represents 250+ retail and restaurant clients and 25+ million square feet
Texas has experienced a 31.5% increase in jobs -- and will produce over
of retail projects. Our Dallas, Houston, San Antonio, and Austin teams
300,000 new jobs in 2014, a 2.75% increase over 2013.
not only lead our clients throughout Texas | Southwest retail markets,
but from Mexico City to New York City, and coast to coast; structuring a
billion+ dollars in transactions annually. Our investment services platform,
The performances of our retail markets have followed suit, with solid sales
comps and shopping center occupancies rising above equilibrium— DFW
Connected Investments Services [CIS], extends the reach of our clients’
at 90%, Austin at 95%, Houston at 90.5% and San Antonio at 91.4%. New
expansion programs by virtue of the enhanced scope of solutions we
retailers coming into the state include: F21 Red, Gordman’s, Hollywood
deliver to meet their needs, which has made us one of the most prolific
Feed, Mattress One, Nebraska Furniture Mart, Shake Shack, True Food
retail developers and investors in the Southwest. Focused exclusively on
Kitchen, Yard House and while others are continuing to expand such as
tenant-driven collaborations, TRC | CIS led joint ventures have acquired,
Bed Bath & Beyond, Dollar Tree, Fitness Connection and Nordstrom Rack.
redeveloped and developed over four million square feet of shopping
centers to date, including most recently, the 700,000+ square foot Village
at Cumberland Park, the first major retail development in Texas since
the recession. We currently have 3+ million square feet of projects in the
What are the plusses ahead? New stores for our clients as their businesses
evolve and they continue to adapt responsively to the marketplace, including
omni-channel strategies and related dynamics. With retailers looking to
development and acquisition pipeline and another 3+ million square feet
grow and occupancy in existing centers above equilibrium, we are seeing
under property management. We have recently expanded our development
several existing retail properties redeveloped and new developments
division with new leadership in San Antonio and South Texas, and also
created to meet these growth objectives. Our Connected Development
added senior leadership within our National Advisory Services platform.
team alone has 3+ million square feet of retail development in our pipeline,
On the operating side of the ledger, our Connected Capital group has seen
including our 700,000+ sq. ft. center in Tyler, Texas, two centers totaling
three of our first eight [now ten] portfolio companies
675,000 sf in Benton, Arkansas, 450,000 square feet
successfully go public.
in Killeen, Texas, 200,000 square feet in Terrell, and
We are as excited as ever for all ahead and believe
that the next several years will continue to be very
strong ones for our industry. Interest rates, while
CELEBRATING
10 YEARS
rising slowly, will remain low. Housing has rebounded
commitment will never change. Our team + our client
development, which creates a positive domino effect
partners are the best in the industry, and we are
for retail. Unemployment continues to improve and
at 82.3%, is at its highest level since 2008.
1
remain the cornerstones of everything we do. Like
to market dynamics, however, that focus and
Existing inventory is tight, triggering new residential
and about the economy. In fact, consumer confidence,
Our focus on retail and commitment to our clients
our clients, we will continue to adapt responsively
strongly with housing starts up 30% this year.
overall, consumers feel good about keeping their jobs
150,000 square feet in Houston, Texas.
10 years. one focus. unlimited possibilities.
very grateful for each and every one of you. Our first
ten years were a 10+ and we look forward to all our
positive experiences and the next 10+ ahead.
CELEBRATING 10 YEARS
ONE FOCUS. UNLIMITED POSSIBILITIES.
10 years. one focus. unlimited possibilities.
R E TA I L R E P O R T | E X PA N D I N G
F E AT U R E D N E W L I S T I N G S
N E W R E TA I L E R S
Since Fall 2013
Since Fall 2013
Dallas:
Alpha Parkway Plaza | NEC Tollway & Alpha | Dallas |
170,000 SF
Renaissance Square | US 287 & Berry Street | Ft. Worth |
325,000 SF with future 150,000 SF building
Parker Central Plaza | NEC HWY 75 & Parker Road | Plano |
153,000 SF
Preston Park Colonnade | NWC Preston & West Park |
Plano | 185,000 SF
Austin:
G
Great Hills Market | NWC Hwy 183 & Great Hills Trail |
Austin | 154,866 SF
Great Hills Station | NEC Hwy 183 & Great Hills Trail |
N
Austin | 127,936 SF
Boardwalk Shopping Center | NEC IH-35 & SH-45 | Round
Rock | 184,606 SF
I
Springwoods Plaza | South of Anderson Mill on Pond
Springs Road | Austin | 20,000 SF
D
Houston:
Beltway 8 & Veterans Memorial Dr. | NWQ Beltway 8 &
N
Veterans Memorial Dr. | Houston | 14.38 Acres
SEQ Interstate 45 & Nasa Road 1 Bypass | 22 Acres
NEW TRC TEAM MEMBERS
NWQ FM 518 & Kirby | 5 Acres
A
Interstate 10 & Yale | 150,000 SF
San Antonio:
P
Huebner Oaks | IH-10 & Huebner | San Antonio | 400,000 SF
Christina Beauchamp
Partner
San Antonio
Tony Filley
EVP Brokerage
Dallas
Adrian Gonzalez
SVP Brokerage
Austin
X
Receptionist
Dallas
Dave Berndt
La Plaza Del Norte | Loop 410 & San Pedro | San Antonio |
320,067
NEW LANDLORDS
E
Since Fall 2013
Sandra Greenfield
Mark Griffin
Brady Maus
Jenny Reynolds
Bryce Jones
Eddie Kopplow
Rachel Shor
Jamie Streeter
Admin. Professional Construction Mgr. | CDS Development Associate Associate | Brokerage
Construction | Dallas
Dallas
CDS | Dallas
San Antonio
Analyst | Brokerage
Dallas
Matt Squire
VP | Brokerage
Dallas
2
EVP Brokerage
Dallas
Marketing Assistant
Dallas
SVP Brokerage
Dallas
10 years. one focus. unlimited possibilities.
CELEBRATING 10 YEARS
ONE FOCUS. UNLIMITED POSSIBILITIES.
10 years. 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
AWARDS
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 & Investment Sales
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
2013
DBJ Best Real Estate Deals Awards
Winner | Top Golf | The Colony
DBJ Top Brokers in Retail
Steve Lieberman | Jeremy Zidell
DBJ Largest Tenant Representation
The Retail Connection 11 | 25
DBJ Largest Commercial Developers | 9 | 25
HBJ Heavy Hitters Award
Winner | David Stukalin
D CEO CRE Awards
Winner | Top Golf | The Colony
MANAGEMENT
D CEO CRE Awards
Property Management
Asset Management
Construction Management
Marketing Services
Corporate Services
Finalist | Nordstrom Rack | Gallery On The Parkway
D CEO Top Real Estate Pros in DFW 2014 [Retail]
Steve Greenberg | Steve Lieberman | John Mathes
Terry Syler | Mitch Traub | Jeremy Zidell
D CEO Top 25 Commercial Real Estate
Brokerages in Dallas-Fort Worth | 17 | 25
Real Estate Forum’s 2014
“Tommorows Leaders” | Jeremy Zidell
T R C E x pands N at i o na l A d v i s o r y S er v i ces
P l at f o rm w i th m o re S en i o r Leadersh i P |
Ta p p i n g i nt o Gr o wth E x p erts
By Adrian Gonzalez
Growth can be difficult. There isn’t a business around that does not
spend nearly every waking moment trying to figure out how to grow. For
a retailer or concept, growth sometimes appears to be the most daunting
of tasks. Whether expanding your assortment or creating new brands,
growing your business is essential. The most impactful route is often the
old-fashioned route – organic growth. Finding and opening new locations
is a critical path to achieving a 3 to 5-year growth plan. And we are ready
to help. The Retail Connection is now expanding a proven platform to
help retailers achieve those plans and more importantly, achieve those
plans profitably.
We have expanded Advisory Services to help retailers and concepts
across the nation. National Advisory Services provides an end-to-end
solution for any retailer looking to increase their footprint. The number
of moving parts and steps to move from a strategic vision to physically
opening new locations can be staggering. Equally challenging can be
repeating the process consistently across the country. All these steps are
intimately connected and must be balanced against the long-term goal.
We understand the entirety of this process. From creating and executing
an expansion strategy to optimizing an existing portfolio, the National
Advisory platform offers services beyond site selection. The platform is
already in place and paying off dividends for brands such as Bed Bath &
Beyond, Visionworks and Top Golf. We are fully capable of supporting our
clients anywhere along this process.
In addition, we can help our clients ensure they are “growth ready”.
Growth should not come at the expense of day-to-day operations. Using
our collective experience and witness to best practices of some of the
best retailers in the world, we can help ensure our clients’ processes
and resources are ready to execute a multi-store campaign. We can help
bring speed and efficiency to a process that can sometimes become a
point of pain, rather than an advantage.
We certainly have great experience and proven track record of finding the
right location and making great deals for our clients. But we also have
experience which goes beyond the typical definition of brokerage. In fact,
I like to think of us more as growth experts. If you would like to know
more about how to expand your growth opportunities for a maximum
return on investment, contact me. We would love to talk to you.
3
CONNECTED SERVICES
Connected Development Services
specializes in all aspects of the development,
re-development and renovation of retail projects
and also advises retailers on their development
strategies as well as structuring development
joint ventures.
Connected
Acquisition
Services
advises its retail clients and structures joint
ventures to purchase retail investment
properties, which can be single-tenant, multitenant or even portfolio assets.
Connected Capital Services assists and
provides entrepreneurs and emerging growth
retail and restaurant chains with operating
expertise and sources of capital for their
operating businesses.
Connected Management Services
provides retail property management services
based on the owner’s objectives, the tenant’s
needs, getting your property noticed by retailers
and achieving a quality shopping experience.
Construction Management Services
Our construction management team has over
50 years of diverse construction and retail
real estate development, redevelopment, and
renovation experience.
CONNECTED DEVELOPMENT SERVICES
CONNECTED ACQUISITION SERVICES
CONNECTED CAPITAL SERVICES
CONNECTED MANAGEMENT SERVICES
CONSTRUCTION MANAGEMENT SERVICES
CELEBRATING 10 YEARS
ONE FOCUS. UNLIMITED POSSIBILITIES.
10 years. one focus. unlimited possibilities.
R E TA I L R E P O R T | D F W
R E TA I L R E P O R T | H O U S T O N
TRC Brokerage | A True 10 and More
Fun Ahead
Su ccess in Houst on Keeps Add ing
By STEVE ZIMMERMAN
By DAVID STUKALIN
As we reflect on 10+ great years of growth at
TRC, there is no better place to look than the
DFW Brokerage group. In this short period we
have grown to 27 teammates in DFW ranking
TRC as the third largest pure retail brokerage
group in the city, only slightly behind companies
that have been in business more than twice as
long and the most productive by a significant
measure. Over the past year our industry has
seen a tremendous amount of consolidation
STEVE ZIMMERMAN
and movement by brokers. We have been
MANAGING DIR. | Brokerage
fortunate to strengthen our roster with some of
the best, most seasoned free agents in the city including Jenny Reynolds,
Tony Filley, Matt Squire and Jamie Streeter. Each individual had multiple
opportunities in the marketplace and their decisions to join TRC further
validates and strengthens the power of our platform.
Houston continues to be a stand-out
market in Texas and the U.S. as it relates
to overall economic growth and stability
since the recession peaked in 2009. In fact,
Houston was named as one of the top 5
fastest growing cities in America by Forbes
Magazine last year, and shows no signs of
slowing down anytime soon. According to the
Forbes report, Houston had a GDP growth of
12.3 percent between 2007 and 2013, and
DAVID STUKALIN
population growth of 9.2 percent. In 2012,
PRESIDENT | Houston
Houston became the No. 1 U.S. metropolitan
area for exports, surpassing New York City for the first time.
In addition to landing some of the best brokers, we continue to add great
new retail clients, over 30 in the last year, including Costco, Ross Dress
for Less, Barnes & Noble and Torchy’s Taco’s and now represent over 250
retail and restaurant chains. We extended our national presence in 2013
by closing transactions in 29 states as well as Mexico for clients such as
VisionWorks, Top Golf, Rally House, Bed Bath & Beyond and PetSmart.
We remain focused on increasing our national presence and recently hired
Adrian Gonzalez who has spent the past 15 years as the Vice President of
Real Estate for Golfsmith, transacting leases across the country.
We have also had a strong year of growth on the project leasing side of
our business. Last year we added 131 new listings totaling approximately
five million square feet. This includes RIO-CAN, MIMCO, Crow Holdings,
DDR, Invesco, and a five-center portfolio from RPAI in San Antonio. We
currently represent over 27 million square feet of shopping centers and
several ground-up developments including a new Sprouts development
in Mansfield, Texas, a Kroger and Academy Sports anchored center in
Benton, Arkansas and the 700,000 square foot Village at Cumberland
Park in Tyler, Texas.
The growth in our brokerage group and clients over the past 10 years
is a direct reflection of the commitment by our entire team to produce
outstanding results, from administrative assistants, marketing, research,
accounting and brokerage. It has been a tremendous 10+ years and based
on the culture of our team, I have no doubt that we are only just beginning.
P R O M O T IO N S
Vital to the economic health of Houston is that people are moving there
in large numbers, due to our diverse economy, Texas’ no state income
tax, and low cost of living. Houston surpassed Philadelphia in population
and became the country’s fifth biggest metropolitan region, with 6.1 million
people. The city is expected to add 140,000 new households by 2017, the
largest increase in the nation. To add to those accolades, job growth in the
economically diverse city has matched or exceeded the state of Texas rate
since 1995. Houston was the first major city to regain all the jobs lost in
the downturn, and has now added more than two jobs for every one it lost
after the crash. Houston’s unemployment rate at year-end 2013 was 5.5
percent, compared to nearly 7 percent during the same period in 2012. An
almost 2 percent increase in 12 months. Now that’s incredible.
This consistent economic improvement has ultimately led to impressive
retail real estate growth and opportunity over the past 5 years. Houston’s
resiliency and ability to outperform the rest of the country has peaked the
interest of retailers from luxury, to mainstream to value, and especially
those that are in growth mode. As a result, Houston’s retail market posted
its best overall occupancy rate in a decade due to continued retailer
expansion during a time of limited new construction. As of year-end 2013,
the market posted an occupancy rate of 91 percent, the highest level to be
reached in more than a decade. The occupancy rate represents an increase
over the year-end 2012 rate of 89.5 percent and shows the retail market is
benefitting from the strength of the overall Houston metro economy.
Because of the continued improvement, along with demand for all types
of space inside the loop, the market has seen a number of new and
expanded in-fill projects, including mixed-use projects that combine retail
with residential, office or other uses. Class A rental rates are ranging
from $28 to $37 per square foot.
TRC | Houston has taken full advantage of the city’s unprecedented
growth and has continued to drivea steady stream of notable deals, some
of which include:
Annette Conely
Director Human Resources
Dallas
Beau Cromwell
Director of Information
Technology | Dallas

Yale Street Market – 100% leased – 150,000sf development located
at the SWQ IH-10 & Yale Street with LA Fitness, Sprouts, Cost Plus
World Market, Guitar Center, Mattress Firm & Sprint

The Park at Katy Mills – SEQ Katy Mills Blvd & Market Place Drive
in Katy, TX – 16 acre power center development located adjacent
to Katy Mills Mall with 145,000sf in retail | restaurants. Estimated
opening 4th qtr. 2015.

Willowbrook Plaza – Bed Bath & Beyond, buybuyBABY, Cost
Plus World Market and DXL all opened in 2014. Five Below store
opening June 2014, and we are currently negotiating over 50,000
sf of new leases throughout the center. New pylon sign located
along SH 249 Feeder Road and monument sign located along
Gessner Road.

Brident Dental – The Houston office has been busy assisting Brident
Dental with their rollout which projects to open 20 new locations in
the Greater Houston market by the end of 2015.
Rob Darnell
Director of Research
Dallas
10 years. one focus. unlimited possibilities.
Zac Hoffer
Daniel Fuller
Associate | Brokerage
Houston
EVP | CDS
Dallas
Carla Neel
SVP Property Management
Asset Services | Austin
4
Jonathan Probst
Senior Vice President
Brokerage | Houston
Matt Wilson
Vice President | CDS &
CAS Dallas
Team TRC Houston closely resembles the attributes of the city of Houston;
steady growth, strong, resilient, experienced, and dedicated to providing
extraordinary service to our clients and partners. We are thrilled to be
a part of helping to grow such a vibrant and diverse city, and we all look
forward to the retail opportunities that are just around the corner.
CELEBRATING 10 YEARS
ONE FOCUS. UNLIMITED POSSIBILITIES.
10 years. one focus. unlimited possibilities.
R E TA I L R E P O R T | A U S T I N
RETAIL REPORT | SAN ANTONIO
A u st i n i s P o s i t i v e ly On F i re
S an A nt o n i o Pr i med f o r R eta i l
Gr o wth
By LANCE MORRIS
By NICK ALTOMARE | DAVE BERNDT | SHERMAN HINKEBEIN
The Texas capital, with an unemployment
rate of 5.2 percent (compared to the state’s
5.5 percent) and five-year wages growth
from October 2008 through 2013 of nearly 15
percent, is experiencing the best economic
recovery of the top 5 cities in America. The
biggest reason why Austin is in this elite
5 is due to its job-growth record for being
the only city in the nation with doubledigit percentage job growth in that fiveLANCE MORRIS
year period, at just under 11 percent. By
PRESIDENT | Austin
comparison, no other U.S. city has seen
five-year job growth higher than 8 percent.
Austin is also a hotbed for creativity, technology and business. A place
where small business thrives (No. 1 for Small Business – Forbes.com)
Austin is leading the region’s growth (Best City for the Decade – Kiplinger
Finance Magazine) while maintaining a global competitive advantage
with technology start – ups as well as high profile tech firms opening
offices in the central Texas city. Austin has just the right mix; education,
government and now a fast – growing IT sector along with good venture
capital to back it all up. As a result of the job explosion, population is
increasing rapidly too, and retail is following suit, with a plethora of new
restaurants, services and nationally acclaimed products and brands.
The Austin retail market is now reporting an overall occupancy rate of
95%, thanks to steady demand for space and extremely limited new
construction. Austin’s occupancy rate has remained above 90% for more
than a decade, with the low point being a healthy rate of 90.5% in 2006.
The improving retail occupancy has led to a tight market for space
in key trade areas, As a result, rental rates for small-shop space
continue the upward trajectory and rates for well-located pad sites are
even stronger. The availability of well-located Class A retail leads the
market with average rents above $30 per square foot. The market is
seeing a bump in construction for small neighborhood strip centers in
the 15,000-square-foot range which are primarily being built to meet
demand for restaurant, medical office and other small uses. As a result
of the robust market, TRC | Austin continues to grow its presence as one
of the preeminent retail real estate brokerage and investment firms in
the Central Texas region.
For the first three months of 2014, TRC Austin has closed well over $30
million in real estate sales. Some of the more noted TRC | Austin sales
transactions in the past few months include:
Property








2.5 acre multi-family development site at North Lamar & North Loop
22.5 acre pad site development on Hwy 71 West
360 Retail [14,000 SF shopping center in downtown Austin]
9222 Parmer Lane [6,000 SF shopping center]
Shops at Silverado [30,000 SF Shopping center]
45 acres from ACME Brick to H-E-B
10 acre development site in Killeen
2.2 acre Hotel site on Hwy 45 & IH-35
It does not take a rocket scientist to see all of the opportunities and
attributes of this thriving Central Texas city as Austin continues to be
positively on fire. TRC | Austin is proud to continue to provide the highest
quality retail services and professionals to our clients and partners in
this dynamic market.
C o n g rat u l at i o ns
Alan Shor and
Zach Shor
for finishing
the 2014 Boston
Marathon
B oston S trong !
5
NICK ALTOMARE
EVP | San Antonio
DAVE BERNDT
PARTNER | San Antonio
SHERMAN HINKEBEIN
EVP | San Antonio
San Antonio continues to experience one of the fastest growing domestic
migration rates, increased housing values, and progressive business
environments in the U.S. With a population of over 1.3 million people,
and an MSA population of over 2.2 million people, the Alamo City [and
metro area] was named the 20th fastest growing city in the U.S. in 2014
by Forbes Magazine. It experienced 1.83 percent population growth rate
in 2013. In 2013, San Antonio ranked No. 11 on Forbes’ list of the Best
Places for Business and Careers, boasting a ranking of 9th best market
for job growth.
Famous for the Alamo, the River Walk, the Tower of the Americas,
the Alamo Bowl, Marriage Island and host to SeaWorld and Six Flags
Fiesta Texas theme parks, the city is visited by approximately 26 million
tourists per year. It is also home to the four- time NBA champion San
Antonio Spurs and the annual San Antonio Stock Show & Rodeo, one of
the largest in the country.
With a strong business foundation built around healthcare, technology,
financial services, oil and gas, tourism and a strong military presence,
San Antonio continues to attract national credit retail chains, top – tier
restaurants, as well as new retail development and redevelopments
throughout the area.
On the retail real estate front, San Antonio posted another great year
of strong occupancy in 2013 with a rate of 91.4% as compared to 90.2
a year ago. Throughout 2013 and into first quarter 2014, the market
has experienced a good level of activity as a result of the fact that San
Antonio is considered one of the country’s top – performing economies.
In 2013, construction exceeded the total over 2012, with over 560,000
square feet of project expansions or redevelopment activity. Almost all
of the development is grocery driven. The big box development has
still been slow, but several neighborhood centers have been developed
or expanded over the last 6 months such as Dominion Ridge, Quarry
Village Phase II, and a new phase to The Rim to name a few.
Rents have remained fairly steady as well. Average Class A rents for
small shops are currently ranging from $23 PSF to $30 PSF. Additionally,
there has been a health club craze in the area, such as Freedom Fitness
which has grown to 3 locations in a very short period of time, LA Fitness
has 2 pending locations and Gold’s Gym which has 2 pending locations.
New retail chains such as Sprouts and Trader Joes, Walmart and HEB all
continue to be very active and have opened several stores in the metro
area. San Antonio saw the opening of Walmart’s first Neighborhood Grocery
store with 4 more locations pending. The number of Walmart Supercenters
has grown from 19 in 2013 to 27 in 2014, and they have 4 more known
locations pending. HEB has 6 known locations pending as well.
In the six major submarkets of San Antonio, North Central, Northeast,
Northwest, South Central, Southeast, and Southwest, all but one of them
had decreases in vacancy over the past year. And, during 2013 and into
2014, San Antonio’s retail centers reported stability and higher occupancy
rates across the board.
Just a few of the transactions The Retail Connection inked in 2013 and
early 2014 include: Top Golf at The Rim; Salata at Huebner Oaks and The
Plaza at Concord Park; Kneaders Bakery in its first SA location at Stone
Oak Parkway at Hardy Oaks; and Music & Arts Center in the Forum.
San Antonio’s thriving retail market continues to benefit from the metro
area’s solid economy and fast growing population, and is showing no
signs of slowing down anytime soon - proving the region’s incredible
vitality and long-term growth opportunities for retail and retailers who
capitalize on the marketplace in this part dynamic part of the state.
CELEBRATING 10 YEARS
ONE FOCUS. UNLIMITED POSSIBILITIES.
10 years. one focus. unlimited possibilities.
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 5 0 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
6
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retail
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retail
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CELEBRATING 10 YEARS
ONE FOCUS. UNLIMITED POSSIBILITIES.
10 years. one focus. unlimited possibilities.
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
ARLINGTON HIGHLANDS | ARLINGTON HIGHLANDS EAST DENTON CROSSING EAST & WEST
HUEBNER OAKS
Arlington, TX
Denton, TX
San Antonio, TX
BENTON TOWN CENTER
GREAT HILLS MARKET & GREAT HILLS STATION
HURRICANE CREEK VILLAGE
LA CASCATA
Killeen, TX
LAS COLINAS CENTRE
MUELLER MARKETPLACE DISTRICT
Austin, TX
MURPHY MARKETPLACE
ROBERTSON’S CREEK
Flower Mound, TX
THE CROSSROADS AT TERRELL
THE VILLAGE AT CUMBERLAND PARK
WALDEN PARK
7
Terrell, TX
SHACKLEFORD CROSSINGS
THE OUTLETS AT CUMBERLAND PARK
Benton, AR
Austin, TX
Benton, AR
Irving, TX
Murphy, TX
Little Rock, AR
DELLCREST
YALE STREET MARKET
HWY 183 & FM 1431
LEWISVILLE TOWNE CROSSING
REDEVELOPMENT | FORMER TARGET
SHOPS AT VISTA RIDGE | VISTA RIDGE PLAZA
San Antonio, TX
Houston, TX
Cedar Park, TX
Lewisville, TX
San Antonio, TX
Lewisville, TX
Tyler, TX
THE PARKS AT KATY MILLS
Katy, TX
VILLAGE ON THE PARKWAY
Dallas, TX
Tyler, TX
TOWNE CENTRE PLAZA
Mesquite, TX
Austin, TX
WILLOWBROOK PLAZA
Houston, TX
WOODPARK
Houston, TX
CELEBRATING 10 YEARS
ONE FOCUS. UNLIMITED POSSIBILITIES.
10 years. one focus. unlimited possibilities.
Connected Development Services | CDS
Tenant Driven Development Adds Up
of a search to meet the needs of our retail clients. The centers are not
By DAVID WILSON
necessarily larger centers either. A smaller operator, Madison Salon
Developing to meet the needs of retailers and
consumers constantly changes. As we get
going again, post great recession, this fact
second story facility.
We certainly respond to the needs of other retailers as well. In Benton,
of empty spaces either previously occupied
Arkansas, we are underway with a 110,000 square foot center to be
Demand is growing for new space to meet
the expansion plans of those retailers,
PRESIDENT | CDS
located 25,000 square foot project where we will meet their desire for a
has never been more apparent. The supply
or not, has just about been eliminated.
DAVID WILSON
Suites, who needed a location in Irving, Texas, is kicking off a very well
restaurants and
services who
made
it
through the recession, who have sharpened
anchored by Kroger and Academy. And, we have just started the search
to meet the needs of a soft goods box user represented by another
brokerage firm that has been very happy with our coordination with them
in two other centers we have recently worked with them on.
their offering, and have determined what their new needs are.
Since opening the doors as The Retail Connection a little over 10 years
Connected Development Services is looking forward to doing our share.
ago, we have completed the development or redevelopment of about
Our focus is to respond to the needs of the retailers, particularly those
1,350,000 square feet of space. We own and are underway, at some stage
represented by the brokers of The Retail Connection. The projects we are
of development or redevelopment, with another 2,100,000 square feet of
underway with punctuate this fact. In Tyler, Texas, we are developing a
space. And, we have under control and are working on another 1,700,000
700,000 square foot center that grew out of the needs of several of our
square feet of new development.
clients, including Bed Bath and Beyond who wanted to expand their store
to incorporate a department for Buy Buy Baby products and to add an
adjacent store for Cost Plus World Market, Gordman’s, Studio Movie Grill,
Famous Footwear, JoAnn’s, DSW Shoes, Compass Trading Company, and
We are off to a good start in the post-recession new economy,
but we know it will not all be smooth sailing. There are, with each
development, going to be significant challenges. The users want to
Destination Maternity. The project has been quickly embraced by several
be sure that they have a complimentary tenant mix that meets their
other great retailers including TJMaxx, Petco, Beauty Brands, Ross, Old
needs, so, co-tenancy requirements are pretty stiff. This makes it
Navy, AT&T, Vitamin Shoppe and many others. In Killeen, Texas, we are
pretty difficult to put a deal together quickly and getting the time
working on a project triggered by JoAnn’s Arts and Crafts. When they could
needed will not be easy. Banks and equity are skittish about this
not find existing space to meet their needs, The Retail Connection and
issue, to say the least. The users need to keep their occupancy costs
Connected Development Services got busy to identify the optimal location
in line, but significant increases in costs of labor and materials will
and to gather the necessary co-tenants to create a center to meet their
make it difficult to keep rental rates down. Interest rates are down as
needs. We will end up with a 450,000 square foot project that will include
are cap rates, but can we expect them to be comparable to current
JoAnn’s, TJMaxx, Conn’s, DSW Shoes, and many others. This project is to
be shadow anchored by a 117,000 square foot HEB grocery store.
levels in 4 years? The past ten years has prepared us for this new
market and our team has grown in talent and experience. We look
We have a number of other locations we are working on that are all results
forward to these new challenges and opportunities.
Connected Management Services | CMS
Property Management Makes Huge
Leaps
investment market, combined with our comprehensive market and
By Carla Neel
project sale and several repositioning transactions.
management expertise, CMS also assisted in a recent purchase, a
the
In Austin, after our TRC brokerage team made the sale, we brought in the
property management division of The Retail
management of the Shops at Silverado, a 38,000 square foot neighborhood
Connection
center. The Austin team was also awarded the management and leasing
Connected
Management
has
Services,
experienced
significant
growth in the past several years, thanks to
a solid marketing strategy, stellar team, and
of Great Hills Market and Great Hills Station which is 300,000 square feet
of prime retail in the Arboretum area of the city.
outstanding management services. Since
In Houston, we have seen many changes at Willowbrook Plaza after the
managing its first center in 2007, the team
team executed a landscape remodel and coordinated the build-out and
has since won projects totaling over 3.8
move in of several high profile tenants including Bed Bath and Beyond,
million square feet.
Buy Buy Baby, Cost Plus World Market and DXL Menswear.
And things are heating up further in 2014,
With several other prospects on the horizon, we anticipate this pace to
with a very active first quarter, where we finalized over 400,000 square
continue beyond the second half of 2014, and we see nothing but great
feet of management contracts. With Texas being such a sought after
things to come.
Connected Management Services takes an integrated approach
are being met. Managers or qualified assistants are available 24|7. We
are accountable for every aspect of property management, and we
work overtime to ensure we exceed your expectation.
Carla Neel
SVP | Property Mgt.
Asset Services
to Property Management. Our entire team is made up of real estate
management, development, construction, leasing, and marketing
veterans. We know the shopping center landscape intimately, and we
apply that expertise every day to your investment. We know that you
hold us to a very high standard, which works in conjunction with the
expectations we have of the property management team. Property
Management includes literally hundreds of tasks, both large and
small, on a daily basis. Connected Management Services has internal
controls in place to ensure all of our Standard Operating Procedures
8
Connected Management Services provides retail property
management services based on the owner’s objectives, the tenant’s
needs, and the ability to get your property noticed by retailers, all of
which ultimately provide a quality experience for our shoppers.
Carla Neel
512.485.0887
[email protected]
CELEBRATING 10 YEARS
ONE FOCUS. UNLIMITED POSSIBILITIES.
10 years. one focus. unlimited possibilities.
C onnected A c q uisition S ervices | C A S
A c q u i s i t i o n M ar k et a P l u s f o r
In v est o rs
A simple test is to look at the demographics section of almost any sales
By STEVE HEFNER
market. Focus on the population growth rate projections for the next
package offering of an income-producing property currently on the
five years. Offerings in almost every state with major metropolitan areas
As I look back to an acquisitions piece I wrote
show typical growth rates over the next five years at around 3-5% total.
from three years ago, I can see a lot has come
Now, compare that to properties for sale in Austin, Houston, Dallas and
true. The “unparalleled buying opportunities” I
San Antonio, where the projections average around 12-14% growth for
mentioned did in fact happen. In the last three
the same metric. That is staggering. Those population growth numbers
years, collaborations with our retail clients
are what entices retailers to continue to want expand in Texas. As a
have been the catalyst to our acquiring Village
on the Parkway, Shackelford Crossings, Towne
Centre Plaza, Willowbrook Plaza, a Target
STEVE HEFNER
redevelopment in San Antonio and several
PRESIDENT | CAS
small
acquisitions
throughout
Texas.
All
totaled, we have acquired over 1,300,000 square feet of retail properties in
retailer, you simply cannot expand without the presence of customers
and proximity of those customers. When the population growth rates are
that high, retailers salivate to be there. They want to know not only who
is there now, but how many potential customers will be there in the next
10+ years. It is simple economics.
the last three years. All were purchased as this improving economy began.
So, where are you going to place your bets? Texas, clearly. There is no
In addition, jobs now seem to be in a creation mode [albeit not at normal
comparison. Now, blend those demographic projections with a team like
recovery levels, but who is complaining], the demand for commercial real
The Retail Connection, who has the most powerful Texas knowledge
estate has definitely increased and the limited supply of new product has
out there. A team with a 10-year track record that represents over 250
filled the vacancies and grown rents.
retailers and restaurants. A team that has acquired over 1.3 million
Then to now, we have been poised to capitalize on market inefficiencies and in
fact, we have. Our retailer collaborations and capital have led us to purchase
the right assets while preserving our fundamentals. We continue to balance
responsive and responsible very well and as such, we currently, have three
properties under contract for 2014 and are evaluating several others.
square feet in the last three years and developed over 1.7 square feet in
the last 10 years. The in-house capabilities are astounding and Texas will
continue to lead the nation in economic recovery, population growth and
opportunity. That was true in the last 10 years and is on track to be true
for the next 10 years.
Our equity partner relationships have grown as well, and all are very bullish
Another great thing about recovery is that we can not only buy in an
on Texas. Indeed, Texas will continue to have strong population growth and
improving economy, but also harvest properties. We have sold over
should grow to over 40 million people over the next 10 years. That is well-
1,000,000 square feet of properties in the last two years, all of which we had
over a 50% growth rate over the period, which equates to over a 5% annual
held for an average of seven years. That again, is simple economics for us.
growth rate for the entire state, which is astounding. When you dial down
We buy and re develop, then effectively lease and manage to an occupancy
to the places where retail resides, those population growth projections are
stabilization point. Then, as we are in the value creation business, we will
staggering. The US Census Bureau says 14 million new residents will set
sell once the income on the property is stabilized. Historically, real estate
up in Dallas/Ft. Worth, Houston, Austin and San Antonio by 2030. That is
cycles occur every 10 years. So, 2014 is the start of the next great 10-year
double the size of those cities now.
cycle for real estate, The Retail Connection, its clients and partners.
T RC | A c q u i s i t i o ns
TOWN CENTRE PLAZA
Mesquite, TX
Best Buy | Bed Bath & Beyond | DSW
94,109 SF
Woodpark Shopping Center
WILLOWBROOK PLAZA
AMC | Bed Bath & Beyond | buybuyBaby | DXL
Saltgrass | World Market
384,556 SF | www.willowbrookplaza.com
Spring, TX
FORMER TARGET | Redevelopment
Under Contract
143,850 SF
9
Houston, TX
San Antonio, TX
Trade Area: North Star Mall | The Quarry
20,000 SF-66,000 SF
CELEBRATING 10 YEARS
ONE FOCUS. UNLIMITED POSSIBILITIES.
10 years. one focus. unlimited possibilities.
T R C | C E L E B R AT I N G 1 0 Y E A R S
T R C B log
C han g e i s N o t J u st Im p o rtant — It
M o b i l i z es Us t o B e B etter
R eta i l S t o res A re S t i l l A l i v e and
Kicking
By STEVE LIEBERMAN
By ALAN SHOR
From the beginning of commerce,
business has always been channeled
through ports—whether it was waterways, railroads, highways, airports, or
otherwise—and major markets have always grown around these portals.
Just look at London, New York, or any other alpha city that originated on
a sea port, or the gateway cities such as Chicago, Dallas, and Atlanta,
where airports have led to explosive growth (not to mention more than
$30 billion of annual economic impact to their respective regions). The
fundamental difference today is that these portals are so concentrated,
they are on our desk and in our pockets everywhere we go. READ MORE…
It seems that the traditional brick and mortar retailer is under siege. If
you do not have a significant “omni-channel” presence or are not part
of “webrooming” with your customer’s tablets or cell phones, then you
cannot compete or worse yet, may be doomed to fail. Yet, simple facts
contradict this conclusion. Simply put, the lead factor for retail success—
location, location, location—remains alive and well.
http://theretailconnection.net/blog-post.aspx?id=321
http://theretailconnection.net/blog-post.aspx?id=324
We all hear about how the growth of e-commerce continues to explode
and will over time, significantly erode business at the brick and mortar
stores. This has been the rumor for many years. Yet today, 94 percent of
retail sales are still rung up in the stores, which is why having the right
location is the difference between success and failure. READ MORE…
LI E B E R M A N C H A I R E D 2 0 1 4 E M M I T T S M I T H C E L E B R I T Y
INVITATIONAL RAISES $1 MILLION
MAGIC JOHNSON AND WIFE COOKIE RECEIVE FIRST-EVER ROGER
STAUBACH AWARD
Almost 1,000 friends and leaders from the sports, entertainment and business worlds’
joined to support Pat and Emmitt Smith Charities star-studded annual gala featuring Roger
Staubach, Magic Johnson, and Darius Rucker, as entertainment, raising over $1 million
for the charitable foundation. Real estate pro’s, including Steve Lieberman, who along
with his wife Lisa, were the Event Chairs, Alan Shor, Jenny and Steve Reynolds, David
Fazio, Peter Russell, Steve Johnson, John Gates, Jack Crews, Ken Shulman, Tim Hughes,
Steve Schwartz, David Weinreb, John Weber, Sr. and Jr. were among the all-star lineup
supporting and celebrating the success of the foundations mission of providing unique
educational experiences and enrichment opportunities for underserved children. Please go to
www.patandemmittsmithcharities.org for more information and learn how you can support.
10
CELEBRATING 10 YEARS
ONE FOCUS. UNLIMITED POSSIBILITIES.
10 years. one focus. unlimited possibilities.
L A N D L O R D R E P R E S E N TAT I O N
ACME Brick Company
AEW Capital Management, L.P.
Albert Sign Company, Inc.
AmREIT
Ascension Development
Ashley Furniture
ATCO
Atlantic Hotels Group, Inc.
Beltline Preston, LTD
Benchmark Operating Partners
Berkeley Investments
Berlin Interests, Inc.
Billingsley Company
Blue Star, LP
Bromont Group
The Brytar Companies
Burk Collins & Co., LTD
Capital City Partners
Captex Development Co., LLC
Catellus
Catlyn Capital Corp.
Centennial Real Estate Company, LLC
CFT
Cheney & Mathes Properties
Clearview Investments, Ltd.
Commercial Realty Group [CMC]
Connected Acquisition Services
Connected Development Services
Connected Management Services
Corinth Properties
Covington Partners
Crosland Group
Crow Holdings
Dalsan Properties
DDR
E2M Partners
Edry Commercial Properties
Education Realty Trust
ECOM Real Estate Management
Elite Shopping Centers Management, Inc.
Endeavor Real Estate Group
Family Video
Farrell Properties
First Capital Advisors
First State Bank of Central Texas
Fountain Capital, LP
Global Fund Investments, LLC
Grace Development
Granite Properties
Greenway Investment Company
Guggenheim Real Estate
H-E-B
Heitman
Hunt Properties, Inc.
Inland American
Invesco
Karns Commercial Real Estate
Karsh Capital Management
Kimco Realty Corporation
L3 Investment Properties, LLC
Langford Property Company
Ledcor Group
Levcor, Inc.
M&J Wilkow, Ltd.
Maly Commercial Realty
Margaux Development Company
Mark R. Smith Co., Inc.
Midwood Investment and Development
Mila Properties
Mimco, Inc.
Moore & Associates
North American Development Group
One Liberty Properties, Inc.
Orix
PEBB Enterprises
Petroff Realty
Phoenix Property Company
PLS Realty
P’OB Montgomery & Co.
Ponderosa Land Developmentt Co.
Premas Global Leander, LLC
Provident Realty Advisors, Inc.
Provost Group
Quattro Development, LLC
Red Sea Group
Retail Properties of America, Inc.
Riverside Resources
RM Realty Group, LLC
Rosebriar Properties
Sam Moon Trading Company
Seitz Group, LLC
Select Strategies Realty
Showbiz Cinemas
SMI Realty Management
Spire Realty Group, LP
St. Ives Realty, Inc.
Standridge Companies
Starpoint Properties, LLC
Stonewood Investments
Terra Enterprises
Tex-Can Real Estate Group
The City of Cedar Park
The Encore Company
The Stainback Organization
TPJ Properties, LTD
TPMC Realty Corporation
Trammell Crow Residential
United Heritage Credit Union
U. S. Industries
Vaquero Ventures
Vista Property Company
Westdale Real Estate Investments
Westwood Financial Corp.
Wolverine Interests
World Class Capital Group
LET’S CONNECT
T R C In v estment U p date
Development:
Arlington Highlands | Arlington, Texas | 625,600 SF
Arlington Highlands East | Arlington, Texas | 109,727SF
Mansfield Pointe | Mansfield, Texas | 150,000 SF
Weatherford Ridge | Weatherford, Texas | 381,000 SF
New Developments:
The Village at Cumberland Park | Tyler, Texas | 700,000 SF
Benton Town Center | Benton, Arkansas | 350,000 SF [1st Phase]
Hurricane Creek | Benton, Arkansas | 230,000 SF
La Cascata | Killeen, Texas | 473,000 SF
The Crossroads At Terrell | Terrell, Texas | 225,000 SF 1st Phase
The Park at Katy Mills | Katy, Texas | 150,000 SF
Re-Development:
Village On The Parkway | Addison, Texas | 381,000 SF
10 years. one focus. unlimited possibilities.
Former Target | San Antonio | 120,000 SF
come visit us at our booth
Acquisition:
las vegas ICSC
Quorum Plaza | Dallas, Texas | 77,800 SF
suite S243
Shackleford Crossings | Little Rock, Arkansas | 286,000 SF
Town Centre Plaza | Mesquite, Texas | 94,096 SF
Q street and 24th [south hall]
Willowbrook Plaza | Houston, Texas | 384,663 SF
please join us for cocktails
Woodpark Shopping Center | Spring, Texas | 143,850 SF
sunday, may 18th | 3 pm – 5 pm
san antonio
HOUSTON
AUSTIN
DALLAS
11
CELEBRATING 10 YEARS
ONE FOCUS. UNLIMITED POSSIBILITIES.
10 years. one focus. unlimited possibilities.
T E N A N T R E P R E S E N TAT I O N
Cowboy Star
Cozymels
Cru Wine Bar
Cupcakes Cubed
Cyclone Anaya’s
Daily Juice
Dairy Queen
Dallas Chop House
Dallas Fish Market
Deli-News
Destination Maternity
Destination XL
Dollar Stop
Dollar Tree
Dr. Martens
Drive Time Automotive
DSW Shoes
Dunkin’ Donuts
East Hampton Sandwich Co.
Elite Appliances
Emergency Service Partners
Enduring Brands
Eno’s Tavern
EntertainMart
Equinox Fitness
Ethan Allen
Explore Learning
EZ Money
EZ Pawn
Family Video
Famous Footwear
Firepit Texas Grill
Firestone Complete Auto Care
Fish City Grill
Fitness Connection
Fletcher’s Jewelry
Fleuvog Shoes
Foot Locker
Forty Five Ten
Freddy’s Frozen Custard
Freed’s Furniture
Friday’s
Furr’s
GameStop
Garden Ridge
Golfsmith
Great Clips
Hallmark
Harbor Freight Tools
Hardee’s
Haverty’s Furniture
Haymaker
1/2 of 1/2 Name Brand
Clothing
A Pea In The Pod
Advance Auto Parts
Afrah Mediterranean
Restaurant & Pastries
Ai Sushi Sake Grill
Al’s Formal Wear
AMC Theaters
Another Broken Egg
Anytime Fitness
Applebee’s
Aruba Tan
AT&T
Austin Lobster Rolls
Baguette Et Chocolat
Baker Street Pub & Grill
Barnes & Noble
Battery Giant
Becks Prime
Bed Bath & Beyond
Benedict’s Restaurant
Bicycle Sport Shop
big drop NYC
Bikinis Sports Bar & Grill
Black-eyed Pea
Black Sheep Lodge
Blaine’s Dallas
Boi Na Braza
Bolsa
Brident Dental
British Beverage Company
Brooklyn’s Pizzeria
Buffalo Wild Wings
Burger King
buybuy Baby
Cannondale
Casual Male
Catherines
Cedars Mediterranean
Mezza
Cedars Woodfire Grill
Celebrity Bakery
Chase Bank
Chelsea’s Kitchen
Chicken Scratch + The
Foundry
Chiladas Fresh Mex Grill
Chop House Burger
Christmas Tree Shops
Complete Nutrition
Costco
Heavenly Pie
Hibashi Teppan Grill
Hillstone Restaurant Group
Hobby Town USA
Hoffbrau Steaks
Houston’s
Howard Wang’s Grill
Humperdink’s
IHOP
Impress for Less
IntegraCare
Iron Cactus
Italia
JCPenney
Jerry’s Wood-Fired Dogs
Jersey Mike’s Subs
Jet’s Pizza
Jo~Ann Stores
Jos. A. Bank
K&G Menswear
Kerry Simon
Kids Park
Kleiman|Evangelista
Kneaders Bakery & Cafe
Knockouts
Kool Smiles
Kozy
LA Fitness
La Grande Orange
Lammes Candies
Lane Bryant
Lazy Dog Restaurant & Bar
Lemongrass
Le Studio
Lids Locker Room
Lifetime Fitness
Little Caesar’s
Little Katana
Local Pour
Logan’s Roadhouse
Malai Kitchen
Mama Pita
Mattison Avenue
Mattito’s
Maurices
Max Bookman Training
Mealey’s Furniture
Men’s Wearhouse
Micro Center
Mimi Maternity
Motherhood Maternity
Music & Arts
My Fit Foods
Navy Federal Credit Union
New Sound Hearing Aids
Nordstrom Rack
Ocean Prime
Optum Healthcare
Paciugo
Palm Beach Tan
Panda Express
Panera Bread Company
Papa John’s
Papa Murphy’s
Paradise Bakery
Pei Wei Asian Diner
Performance Bike
Pesce
PetSmart
Pho Chateau
Pho is for Lovers
Physicians ER
Piada Italian Street Food
Pick A Fit Foods
Piranha Killer Sushi
Planet Fitness
Planet Sub
PLS Realty
Portrait Innovations
Prana
Princi Italia
Project Pie
RA Sushi
R+D Kitchen
RadioShack
Rainbow Shops
Raising Cane’s
Rally House Texas
Red Robin
Regency Beauty
Regional Management Corp
Resolute Fitness
Ritz Wolf Camera
Rochester Big & Tall
Rockler
Ross Dress for Less
Rubio’s Mexican Grill
rue21
Ruggeri’s Italian Kitchen
Safeway
Salata
Sal’s Pizza
Sam Moon Trading Co.
Sammys Texas BBQ
Sarku Japan Steakhouse
Savers
Shake Shack
Sherlock’s Pub
Simply Fashion Stores
Sleep Experts
Smoke
Smoothie King
Snappy Salads
Sonic Drive-In
Sonny Bryan’s
Souper Salad
Sports Authority
Star Power
Starbucks
Steak Frites
Steiner Eye Care
Studio Movie Grill
Styles for Less
Swatch
T-Mobile Limited
TaMolly’s
Taverna Rossa
The Blue Fish
The Holy Grail Pub
The North Face
The Office
The Original Pancake
House
The Protein Bar
The Sweet Tooth Fairy
Tiff’s Treats
Top Golf
Torchy’s Tacos
Total Hockey
Total Lacrosse
True Value Hardware
Truluck’s
Urban Brands
Urban Eatz
Urban Orchard
Visionworks
Wallbeds “n” More
Which Wich
Wild Salsa
Woly Board Company
Woodlands Grill
World Market
Zaxby’s
Ziziki’s Taverna
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
LEISA BARGER | Senior Vice President | Marketing
EMAIL: [email protected]
www.theretailconnection.net
12
SAN ANTONIO OFFICE
Union Square I
10101 Reunion Blvd
Suite 160
San Antonio, TX 78216
p 210.408.6464
f 210.408.6465