Forbes 2019 Predictions For Houston’s Commercial Real Estate Market

More attention to the human factor in building use and design. A blurring of functions between some market segments. Yet more demand for connectivity, walkability and integrated systems. Amenities proliferation and rampant e-commerce. Throw in the wild card of wiggy oil prices and you have some of what’s predicted for Houston’s 2019 real estate market, based on a series of year-end real estate outlook presentations, industry panels and an informal poll of participants. There’s momentum, they said. And there are challenges.

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Randall Feuer, MDPA

Randall Feuer, MDPA has leased 1,120 SF at 21301 Kuykendahl Road, Suite H in Spring, Texas for general practice specializing in chronic disease patients. 21301 Kuykendahl was represented by Ross Foldetta and Jeff Swearingen at Foldetta Commercial.

Definitive Interventional Spine Center

Definitive Interventional Spine Center, LLC has leased 4,000 SF for a Pain Management Center specializing in the diagnosis and therapeutic treatment of neck and back pain. Located at 21301 Kuykendahl Road, Unit A in Spring, Texas. 21301 Kuykendahl was represented by Ross Foldetta and Jeff Swearingen at Foldetta Commercial.

Malls Offering More Are Alive and Thriving

The news could seem bad when you consider that U.S. mall vacancy rates through the first quarter of 2018 were at the highest level since the end of 2012. E-commerce is projected to account for a third of retail sales by 2030, according to a new report from global management consulting firm A. T. Kearney. Warren Buffet believes that Amazon has killed retail.But retail doubters have a lot in store for them. It’s very fashionable to say that malls are dying, but it’s simply not true. Future success depends to a large degree on being able to “unlearn” the lessons of the past. The way to find that “never-looked-better” future for malls, is to reimagine malls and shopping centers as what are now called CESs, or “Consumer Engagement Spaces”, new retail configurations that cater to what today’s consumers really want, which aren’t just “things”. Morphing malls into CESs is imperative for life. Smart, forward-thinking developers like those in The Woodlands understand this vital concept. They are betting big in retail because they are thinking big. Thinking of, and creating innovative and immersive experiences that are expanding retail off the shelves. They are turning malls into exciting destinations, not just shopping destinations. Vibrant, exciting adventures that allow customers to shop, dine and play, all in the same spot. Evolving, growing and changing things up, The Woodlands is transforming adversity into long-term, profitable opportunity, creating an ongoing stream of ready-to-spend foot traffic. Both local, and tourist.

As Kevin Costner touted in the baseball classic, Field of Dreams…

“If you build it, they will come.”

To find out more about retail opportunities like those in The Woodlands, call the experts at Foldetta Commercial at (281) 466-2880. It’s just smart business.

Palace Nails Bar to open second location

COMING SOON Palace Nails Bar to open second location, offer grand opening specials Dec. 16

Terrie Smith of Foldetta Commercial represented the Tenant in this deal.

NP CPA has signed a lease at 5 Grogan’s Park

5 Grogan’s Park, The Woodlands, Texas
NP CPA has signed a lease at 5 Grogan’s Park, The Woodlands, Texas, relocating from their current location. 5 Grogan’s Park was represented by Sean Smith at Foldetta Commercial.

2,617 SF at 9450 Grogan’s Mill Road

9450 Grogan’s Mill Road, The Woodlands, TX
DataTrans has renewed its lease for  2,617 SF at 9450 Grogan’s Mill Road in The Woodlands, Texas.  DataTrans Solutions provides a broad range of quality EDI and eCommerce solutions designed to enable companies to communicate business data electronically.

5,652 SF Leased at 11497 Old Oak Lane

11497 Old Oak Lane, Conroe, Texas

Paragon Services, Inc. has leased 5,652 SF at 11497 Old Oak Lane, Conroe, Texas to execute a local project.

The Landlord was represented by Sean Smith of Foldetta Commercial.

1,260 SF Leased at 10655 Six Pines Drive

The Spurwood Building, The Woodlands, TX

Subcarrier Communications has leased 1,260 SF in the Spurwood Building at 10655 Six Pines Drive to operate its local Houston business.

Subcarrier Communications was represented by Sylvia Scarlett with REMAX and the Spurwood Building was represented by Sean Smith of Foldetta Commercial.

7,582 SF Leased in Magnolia

 

Methodist Primary Care Group (a division of Houston Methodist Hospital) has leased 7,582 SF in the Magnolia Landmark Building at 18230 FM-1488 to operate a family medicine clinic with Dr. Edward Terrasson and Angele’ Applegate NP. It will also include a rotation of specialists to meet the growing needs of the local Magnolia area. The office is schedule to open in January 2019.

Methodist Primary Care Group was represented by Coy Davidson with Colliers and the Magnolia Landmark Building was represented by Ross Foldetta and Terrie Smith of Foldetta Commercial.