EXECUTIVE SUMMARY - LoopNet...Americana Bingo is one of the Rio Grande Valley’s most active bingo...
Transcript of EXECUTIVE SUMMARY - LoopNet...Americana Bingo is one of the Rio Grande Valley’s most active bingo...
E X E C U T I V E S U M M A R Y
1900S 23rd St.M c A L L E N , T E X A S
JLL is pleased to offer for sale a fee simple interest in 1900 S. 23rd St.
(the “Property”), a 43,384 square foot retail center encompassing 4.68
acres on the southwest corner of Colbath Avenue and S. 23rd St. The
Property is located at a primary north and south thoroughfare in the
rapidly expanding market of McAllen, TX. The Property benefits from
having visibility to over 25,000 vehicles per day and proximate access
to Highway 83 which has an average of 106,836 vehicles traveled per
day. With occupancy at 86.5%, 1900 S. 23rd St. offers investors a rare
opportunity to acquire irreplaceable real estate in the submarket at an
attractive basis with immediate upside and below market rents.
THE INVESTMENT OPPORTUNITY
PROPERTY SUMMARY
Address 1900 S. 23rd St. McAllen, TX 78503
Occupancy 86.5%
Gross Leasable Area 43,384
Land Area 4.68 acres
Parking 201 Spaces (4.6/1000 SF)
Traffic Count S. 23rd St: 19,493 (VPD) Colbath Ave: 4,735 (VPD)
Year Built / Renovated 1977 & 2004
FINANCIAL SUMMARY
In-Place NOI: $395,583
Year 1 NOI: $399,345
Year 5 NOI: $529,472
NOI Growth (Year 1 to Year 5) 32.6%
Wtd. Average In-Place Rent: $11.59
Wtd. Average Market Rent: $14.10
Wtd. Average Lease Term: 6.7 Years
5-Year CAGR: 7.3%
10-Year CAGR: 6.5%
Percent Below Market: 18%
TENANT SUMMARY
Tenant NRA % of Property
CSL Plasma 11,890 31.69%
VIGA Restaurants 4,180 11.14%
Fred Loya Insurance 1,950 5.20%
Manuel Ramirez 7,800 20.79%
Bingo Hall 11,700 31.18%
Total: 37,520 100.00%
NET OPERATING INCOME
2020 2021 2022 2023 2024 2025 2026 2027 2028 2029$380,000
$430,000
$480,000
$530,000
$580,000
$630,000
TENANT MIX
20.7%Home-goods
31.2%Medical
Entertainment
11.2%Food &Beverage
31.7%
5.2%
Financial Planning
31900 S 23RD ST
VALUE ADDED THROUGH THE LEASE UP OF
REMANING VACANCY
The Property is currently 86.5% occupied and
gives investors the immediate opportunity to
increase NOI by nearly $85,000 via the lease
up of 6,000 square-feet of vacant space.
Additionally, the Property’s NOI is projected to
grow by 40% (4.6% CAGR) over the next 10 years.
“INTERNET RESILIENT” TENANCY
1900 S. 23rd Street has a mix of local,
regional, and national tenants that are service-
oriented, and destination based. The center is
comprised of approximately 37% restaurant/
entertainment, 27% medical, 18% home
furnishing and 5% financial services. 1900 S.
23rd St. is a destination retail center where
the service tenants drive constant traffic
throughout the day.
RAPID POPULATION GROWTH
Population within a one mile radius has increased
30% since 2000; momentum continues as the
area has witnessed an annual growth rate of
1.5% - 2%. International trade and commerce
between Mexico and the United States has
contributed to McAllen’s growing population.
This compares favorably to the national average
of 0.9% per year.
BELOW MARKET RENT
The Property’s weighted average in place
rent is $10.61/PSF, or 20% below market rent.
New ownership will have the ability to add
significant value over time by rolling rents
to market. This is a very attractive metric to
investors when evaluating an 86.5% leased
shopping center where value creations can
be limited.
INVESTMENT HIGHLIGHTS
41900 S 23RD ST
PROXIMITY TO KEY INFRASTRUCTURE
1900 S. 23rd Street benefits from direct access to Hwy 83
(106,836 VPD), one of the most heavily traveled highways in
McAllen and is the gateway to the city’s most popular retail and
entertainment attractions (La Plaza, Trenton Crossing, Palms
Crossing, McAllen Convention Center, and the International
Museum of Arts and Sciences). The Property benefits greatly from
the traffic generated by McAllen International Airport which is
located less than one mile away as well as the US-Mexico border,
located only three miles away.
HIGHWAY 83, McALLEN AIRPORT, US-MEXICO BORDER
INVESTMENT HIGHLIGHTS
51900 S 23RD ST
The property features a complimentary mix of experiential retailrs that cater to the surrounding
demographic. An all encompassing tenant mix occupies the Property, including fast casual restaraunts,
full service restaurants, and multiple professional service tenants.
E-COMMERCE RESISTANT TENANT MIX
Tenant Type SF % of GLA Rent Remaining Term
Restaurant/Entertainment 15,880 43% $184,710 4.3 Years
Medical 11,890 32% $107,010 14.4 Years
Home-Goods 7,800 20% $114,000 2.7 Years
Financial Services 1,950 5% $29,250 4.6 Years
Total 37,520 100% $434,970 6.8 Years
PERCENTAGE OF GLA
RESTAURANT & ENTERTAIN
ME
NT43%
32%
20%
5%
MEDICA L
H O M E - GOODS
FINANCIA L S E RVICES
61900 S 23RD ST
Thigpen-ZavalaElementary School
Thigpen-ZavalaElementary School
McAllenInternational Airport
McAllenInternational Airport
McAllenCity HallMcAllenCity Hall
US HWY 83 - 106,836 VPD
US HWY 83 - 106,836 VPD
S 23rd St - 19,493 VPD
S 23rd St - 19,493 VPD
Texas Air Companyof South Texas
Texas Air Companyof South Texas
La EsquinaDel Taco
La EsquinaDel Taco
El ToroEl Toro
BentsenTower
BentsenTower
Casa De PalmasRenaissance Hotel
Casa De PalmasRenaissance Hotel
ChaseTexas Tower
ChaseTexas Tower
La Plaza MallLa Plaza Mall1900S 23rd St.M c A L L E N , T E X A S
McAllenInternationalAirport Park
McAllenInternationalAirport Park
SUBMARKET GROWTHMcAllen, TX is experiencing substantial new economic development. Net absorption has outpaced net completions for six consecutive months and is forecasted to continue
throughout 2019, in addition, retail vacancy rates have reached a record low (5.5%). McAllen is located on the border between the United States and Reynosa, Mexico
creating a binational metro; the city’s central location in the Rio Grande Valley has allowed it to become an economic powerhouse.
MEDICA L
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SITE MAP
PROPOSEDPAD SITEapprox. 3,808 SF
81900 S 23RD ST
FRED LOYA INSURANCEWebsite fredloya.com
Public Private
What started with a single store front in El Paso Texas in 1974 has grown to be
the 18th Largest Hispanic Top 500 Owned and Operated Company in the United
States. Fred Loya has retained the reputation as one of the fastest growing
auto insurance groups in America - with 526 agencies throughout Texas,
California, New Mexico, Colorado Georgia, Nevada, Indiana, Alabama, and
Arizona. Headquartered in Oxnard, California, the company has now provided
opportunities to over 10,000 employees.
VILLA DEL MAR RESTAURANT
Website carneysmariscos villadelmar.com
Owned and operated by the Villarreal-Garza family for over 30 years, Villa Del
Mar has built a significant and incomparable reputation in the Rio Grande Valley
by preserving a unique and original Mexican flavor to each dish. Their desire
for quality has permitted the expansion of 7 locations in Texas: Mission, Pharr,
Palmview, Alton, McAllen and Edinburg, maintaining its first location in its
native Reynosa Tamaulipas Mexico. The effort, passion and dedication that have
characterized Don Homaro and his family, has made “Villa del Mar” a favorite in
the Texas Valley area.
*Tenant plans to renew for an additional 3 years.
TENANCY OVERVIEW
91900 S 23RD ST
CSL PLASMAWebsite cslplasma.com
Public Private
Founded in 1998, CSL Plasma is one of the world’s largest collectors of human
plasma. The organization ensures that tens of thousands of people with rare
and serious diseases are able to live normal, healthy lives. Supported by parent
company CSL Behring, the global leader in plasma protein biotherapeutics,
CSL Plasma has more than 200 locations globally, paired with over 100 years
of experience in the development and manufacturing of vaccines and plasma
protein biotherapies. With major facilities in Australia, Germany, Switzerland
and the US, CSL has over 22,000 employees working in 27 countries.
AMERICANA BINGO
Website rgvbingo.com/ americana-bingo
Public/Private Private
Americana Bingo is one of the Rio Grande Valley’s most active bingo halls with
prizes averaging $10,000 in gifts every night. The bingo hall chose this location
due to its proximity and ease of access to and from Highway 83. RGV Bingo is
the parent company that operates four bingo halls in the Rio Grande Valley, all
of which are within a quarter mile of Highway 83. This location is well spaced
from others and serves the western portion of the Rio Grande Valley, with the
closest location nearly 8 miles to the east of the subject Property.
TENANCY OVERVIEW
101900 S 23RD ST
RAMIREZ FURNITUREWebsite ramirezfurniture.com
Public Private
Ramirez Furniture is a family owned company located in McAllen, TX. The
organization was established in 2012 and has built an incredible reputation in
the Rio Grande Valley due to the quality and affordability of their product. The
company has been established for approximately 7 years and has historically
generated over $1.1 million in annual revenue. With little competition in the
immediate retail corridor, Ramirez furniture has remained the dominant
furniture store and has an implemented growth strategy to expand their brand.
TENANCY OVERVIEW
111900 S 23RD ST
ECONOMIC OVERVIEW McAllen’s economic success is driven by a
highly diversified economy, pro-business
environment, low cost of living and housing,
low corporate tax structure, as well as
robust educational and cultural amenities.
McAllen, located only eight miles from the U.S.-Mexico border, is strategically positioned at the
center of the Rio Grande Valley and provides a direct connection between the international and
U.S. markets. The economic development council has made tremendous efforts to enhance McAllen
with great amenities and community development projects. Integral parts of McAllen’s economy
are visitors and investors who expand the trade area to Reynosa and Monterrey along with other
cities located in northern Mexico. Reynosa, according to the Census of 2010 had a population of
608,891. Monterrey, the second most important economic zone in Mexico, had more than 4 million
in population according to the 2010 Census. This trade area in Mexico is less than a 2-hour drive
from McAllen, which helps explain the economic benefits that Hispanic shoppers bring to the area.
Today, McAllen is being transformed into a major international trade area with the development
of first-rate commercial, retail, industrial, medical, retirement and higher education institutions.
The promotion of international and retail trade, manufacturing and education are among the most
successful along the U.S.-Mexico Border.
Accolades
• Ranked one of the top 20 places to start a business - CNBC
• 5th best city to live in with a $100k salary - Fortune
• McAllen MSA ranks 1st in job creation at a state level – Real Estate Center
1# ACTUAL retail sales per household among Texas cities
1# American cities where $1 Million goes the furthest after retirement
1# Boomtown cities of rising salaries
3# Best City for Future Growth
7# Safest City in America
KEY INDUSTRIES
McAllen ranks # 1 among Texas cities in ACTUAL retails sales per household (Claritas).
Known as the retail center of South Texas and Northern Mexico, McAllen draws
from a consumer base of over 10 million people. The Rio Grande Valley’s retail
sector has become the driving force in McAllen’s economy, growing an impressive
138% over the last 10 years, to over $7.1 billion and employing 27% of the workforce.
McAllen consistently generates more than 18 million visitors annually, as a result,
many national retailers located there are among the most profitable stores in their
chain.
RETAIL TRADE
Since the 1980’s, manufacturing has been considered the backbone of the
McAllen/Reynosa International Metro as a cluster of Tier I and Tier II automotive
suppliers are headquartered in the region. The International Metro features 29
industrial parks, companies such as TI Automotive, Delphi Teck, and Panasonic,
with a manufacturing labor force of 136,000 paired with a young and growing
population with a median age of only 29 years. South Texas College supports the
manufacturing industry with specialized labor by offering the only FESTO certified
training program in the U.S. which features PLC and automation systems, as well
as Robotic Welding.
AUTOMOTIVE MANUFACTURING
0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000
BBB Industries
ZF Automotive
Alps Alpine
TI Automotive
Panasonic Electronic Devices
Panasonic Automotive Devices
Aptiv
Cequent Group
GSR
Valeo Electronics
Standard Motor Products
ABC Automotive
Kongsberg Automotive
Shin Etsu Polymer Mexico
Kevin Liebers
2019 Top Automotive Manufacturers by Employment
The city of McAllen is laying the foundation to transform the region into a Medical
Research Hub. The area is currently home to Doctors Hospital at Renaissance
Health System, Rio Grande Regional Hospital, South Texas Health System, and
UnitedHealth Group. The healthcare industry currently employs over 31,000
medical staff professionals in McAllen. In 2016 the University of Texas Rio Grande
Valley School of Medicine opened with 55 first year medical students and in 2019
DHR Research Institute opened an 83,000 sq. ft. state of the art research facility.
MEDICAL RESEARCH
Award Winning Services
• America’s 100 Best Cardiac Care — 2017, 2018, 2019
• America’s 50 Best Cardiac Surgery — 2017, 2019
• America’s 100 Best Coronary Intervention — 2017, 2018
• Cardiac Care Excellence Award — 2017, 2018
• Cardiac Surgery Excellence Award — 2017, 2018
• Coronary Intervention Excellence Award — 2017, 2018
• Five-Star Recipient for Coronary Bypass Surgery — 2017, 2018
• Five-Star Recipient for Valve Surgery — 2010-2018
• Five-Star Recipient for Coronary Interventional Procedures — 2017, 2018
• Five-Star Recipient for Treatment of Heart Attack — 2014-2018
Strategically located just across the border from Mexico and between two
international bridges, McAllen’s fresh produce industry has grown over the years.
In 2018 the region imported over 2 million tons of fresh produce from Mexico.
McAllen has become the #1 land port for fresh produce imports and the region is
a member of Texas International Produce Association (TIPA).
COLD STORAGE FOOD PROCESSING
• #1 land port for fresh produce imports from Mexico
• 2 million tons of fresh produce imports from Mexico in 2019
• Over 160,000 loads of fresh produce cross the border annually
131900 S 23RD ST
Located on the border between the United States and Reynosa, Mexico – McAllen has become the economic powerhouse of the Rio Grande Valley. In the past, the only
option for transporting goods into the United States were choosing between the East and West coast. Today, McAllen-Reynosa offers an alternative solution known
as the “Third Coast”, which excludes the middleman and drastically reduces cost. Traditionally, there has always been issues importing goods due to layovers and the
costs associated with paying for new transits. Inflated costs have been reduced by 25% with the implementation of new transcontinental highways south of the boarder
which has made importing products most viable for global companies. The emerging global economy depends on faster, cheaper and more efficient routes of trade and
distribution; McAllen-Reynosa is at the forefront of this exciting new frontier.
STRATEGIC LOCATION
McAllen is one of the nation’s fastest growing MSAs with close to 1 million
residents, a 36% increase since 2000 (1.5% - 2% population growth rate per year)
and is the 5th most populous metropolitan area in the state of Texas (49th in the
country). The southern portion of the Borderplex include three cities that add an
additional population count to the region – Matamoros, Rio Bravo and Reynosa all
contribute an at least 2.7 million to the population bringing the total to 4 million
residence.
FAST GROWING POPULATION
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
180,000
200,000
1920 1930 1940 1950 1960 1970 1980 1990 2000 2010 2017 2020 2030 2040
McAllen Population Growth
The Center for Regional Economic Competitiveness consistently ranks McAllen
number one or two for having the lowest Cost of Living Index in the country; this
means that the overall cost of doing business in McAllen is well below the national
average. Because McAllen has the lowest cost of living in the country, businesses
are able to keep their cost of labor down. Proportionately, this gives the workforce
in McAllen a higher disposable income.
AFFORDABLE COST OF LIVING
85.3 92.9 94.5 98.293.8 93.7 97.4 99.5
106.75
148.3 153.5
75.975.9
Cost of Doing Business (100% Composite Index)
FORECASTED DATA
WHY McALLEN
141900 S 23RD ST
WHY McALLEN
The Rio Grande Valley and the city of McAllen are positioned at a strategic location
referred to as the “NAFTA Highway” which connects the North American continent.
The location has influenced a great portion of McAllen’s economic growth and has
influenced the infrastructure activity on a local, regional, and international economic
perspective. Highway infrastructure, bridge crossing, air transportation, public
transportation railroads and general construction have been the focus of community
growth and infrastructure development. The region is home to 3 major interstates/
highways, 7 airports, 11 International Bridges, 4 rail roads, and 1 seaport.
INFRASTRUCTURE
• Air Transportation - McAllen has emerged as a regional air transportation center
serving the 4th fastest growing metropolitan area in the United States. The
McAllen International Airport offers non-stop service to Houston, Dallas-Fort
Worth, Mexico City, Las Vegas and seasonal service to Los Angles, California and
Orlando, Florida, via American, United, Aeromar and Allegiant Air. Built in 1993 and
remodeled in 2015, the terminal is roughly 138,000 square feet and serves over 2.5
million visitors a year.
• Automotive - In November 1996 the 1996-2016 Rio Grande Valley Mobility Plan
was adopted by the Hidalgo, Brownsville, and Harlingen/San Benito Metropolitan
Planning Organizations (MPO’S) and presented it to the Texas Department of
Transportation for implementation. The Mobility Plan provides for the maximum
amount of mobility for the residents and visitors within the urbanized areas of the
Valley. It recognizes the importance of adequate links to destinations outside the
area, especially international. This is important to Texas and the nation because
NAFTA has transformed the region into a major international hub for cross border
trade. The Pharr Reynosa bridge is now the #1 border crossing for Agricultural
product from Mexico.
• Railroad - Railroads Rio Valley Switching Co. maintains daily freight service out
of Hidalgo County. It started operating in March 1993. Rio Valley Switching Co.
has 49 miles of track, running from Harlingen to Mission and a branch to the
McAllen Foreign-Trade Zone. Rail service in Mexico aboard Ferrocarriles Nacionales
de Mexico, the national railway company, includes a passenger train serving
Matamoros and Reynosa, Mexico, and continuing to Monterrey, Mexico. Same-day
connections to Mexico City can be easily made in Monterrey.
YOUNG & GROWING WORKFORCE
Source (US Workforce): Texas Workforce Commission, Texas Labor Market Review, May 2019
Source (Mexico Workforce): Instituto Nacional de Estadistica y Geografia (INEGI), Conteo de Poblacion y Vivienda
RIO GRANDE VALLEY’S INFRASTRUCTURE PROJECTS
151900 S 23RD ST
The McAllen retail market has remained strong with vacancy rates at an all-time low of
5.5%. Although construction activity has elevated, absorption levels are healthy as most
of the space being delivered has already been accounted for. The market has witnessed
positive rent growth as job supply continues to outpace the national average providing
consumers with an increased amount of disposable income.
The Property is located in McAllen’s southeast retail submarket, which is currently
experiencing vacancy rates at 4.4% and year over year rent growth of 2% as of the 2nd
quarter of 2019.
McAllen ranks #1 among Texas cities in ACTUAL retail sales per household (Claritas).
ABUNDANT INVESTMENT & FUTURE MOMENTUMMcAllen, TX has grown to be a premier investment vehicle for capital around the region
due to the area’s substantial population and commercial growth – a trend which is
expected to continue. The demographics and amenities are comparable to core locations,
as are the limited land for new development and strong momentum in McAllen’s retail
sector.
LOCATION OVERVIEW
161900 S 23RD ST
Situated four miles west of Interstate 69, Las Palmas Shopping Center benefits from a premier McAllen location. Positioned in Hidalgo County, the City of McAllen is the
population center of the McAllen Metropolitan Statistical Area that includes McAllen, Edinburg, and Mission. Rated the seventh largest county in Texas with a combined
estimated population of nearly 1 million people, McAllen has quickly become the focal point for international trade and commerce between Mexico and the United States.
The growing McAllen community is represented by people and cultures from around the world, with an emphasis in retail, education, and healthcare.
PROPERTY SPECIFIC LOCATION ANALYSIS
McAllen Foreign Trade Zone(Six miles north of the “Property”)
The McAllen Foreign Trade Zone is the first inland non-seaport Foreign Trade Zone in the United States. Today, it consists of over 775 acres, and offers full-service logistics solutions to over 100 clients representing over 42 countries worldwide. More than 400 companies ranging from manufacturing, industrial, logistics, etc. have operations in McAllen. Included among them are: Black & Decker, BMW, Delco, Emerson, GE, Whirlpool, and more.
McAllen Medical Center(Four miles south of the “Property”)
Located just over 3 miles northwest of Las Palmas Shopping Center is McAllen Medical Center. Opened in 1919, the 441-bed hospital specializes in advanced wound care, maternity, neurosurgery, and orthopedics. McAllen Medical Center is the only certified primary stroke center in Hidalgo County, and the regions only designated advanced level III trauma center.
University of Texas Rio Grande Valley(Six miles north of the “Property”)
The University of Texas Rio Grande Valley is home to approximately 27,000 students each year with over 120 undergraduate and graduate programs. A study conducted in July of 2018 revealed that the institution’s spending created 12,580 jobs and an overall economic impact of $1.3 billion to the Rio Grande Valley economy.
South Texas College(One mile southwest of the “Property”)
South Texas College, is home to approximately 34,000 students with over 120 degree and certificate programs. The Campus supports a staff and faculty of more than 2,700 that serve five campuses, two higher education centers, and one virtual campus.
ECONOMIC DRIVERS TOP PROPERTY PLAYERS
Killam Development Laza Rincon
Weingarten Realty Investors McAllen Foreign Trade Zone
Bay Grove Capital LLC TCP Realty Services, LLC
NewQuest Properties Dromoland Properties, LLC
Washington Prime Group, Inc. BH Properties LLC
O'Connor Capital Partners Levcor, Inc
Acadia Investments
171900 S 23RD ST
PROPERTY SPECIFIC LOCATION ANALYSIS
La Plaza Mall(Three miles south of the “Property”)
La Plaza Mall is the leading shopping, dining, and entertainment destination for the entire Rio Grande Valley and features over 1.2 million square feet of upscale and mainstream retail space. The Mall is anchored by Dillard’s, JCPenney, and Macy’s. La Plaza recently completed an expansion which added 245,000 square feet of retail space that now house an additional 40 retailers including H&M, Kendra Scott, and Zara. Located less than five miles from Vintage Square, La Plaza Mall is at the intersection of Tenth Street and I-2, just five miles from the U.S. – Mexico border.
Trenton Crossing(Three miles northeast of the “Property”)
Trenton Crossing has several large national retail stores including Target, Kohl’s, Ross, Marshall’s, and Old Navy. Specialty stores in the center include PetSmart, Hobby Lobby, and Best Buy. In addition to retail, the shopping centers have numerous dining spots such as Olive Garden, Chick-fil-A, and Logan’s Roadhouse.
Palms Crossing(Three miles southwest of the “Property”)
Palms Crossing Shopping Center consists of half a million square feet of retail space featuring various tenants including Barnes & Noble, DSW Shoe Warehouse, Guitar Center, Bealls, BJ’s Restaurant, Buffalo Wild Wings, P.F. Changs and more.
McAllen Convention Center(Two and a half miles southwest of the “Property”)
The McAllen Convention Center was designed to capture the elements of its surroundings, with bicultural themes and tropical accents. The 18.5 acre complex features 60,000 square feet column-free exhibit hall and over 25,000 square feet of meeting space in four ballrooms and up to 16 breakout rooms. In addition, the center offers world class shopping and entertainment from exotic restaurants, arena basketball, and live concert.
International Museum of Arts and Science(Four miles south of the “Property”)
The International Museum of Art and Science, a Smithsonian affiliated and accredited by the American Association of Museums is the premiere art and science museum of South Texas. The Museum provides visitors the opportunity to view original works of art and participate in hands-on science exhibits. The International Museum maintains a permanent art collection that includes European paintings from the16th to 19th century.
RETAIL & ENTERTAINMENT
181900 S 23RD ST
Jones Lang LaSalle Americas, Inc. or its state-licensed affiliate (“JLL”) has prepared this confidential loan submission (“Confidential Loan Submission”), which contains brief, selected information pertaining to the business and affairs of the Property. This Confidential Loan Submission does not purport to be all-inclusive, nor does it purport to contain all the information which a prospective lender may desire. None of the Borrower/Owner, JLL, or any of their respective equity holders, officers, directors, employees or agents makes any representation or warranty, expressed or implied, as to the accuracy or completeness of this Confidential Loan Submission or any of its contents. JLL, together with its equity holders, officers, directors, employees and agents, disclaim any liability that may arise from, be based upon or related to the use of the Confidential Loan Submission. The information contained in the Confidential Loan Submission is subject to change without notice. © 2019. Jones Lang LaSalle IP, Inc. All rights reserved.
Investment Advisory:
JOHN [email protected]
DREW [email protected]
JOHN TAYLORManaging Director512.532.1950 [email protected]
MARCUS [email protected]
ETHAN [email protected]
9 Greenway PlazaSuite 700Houston, TX 77046
713.852.3500713.527.8725