Case Study

Case Study 2

Property Background:

Broker was hired to assist in the development and leasing of a new retail center, Shops at FM 1314 Porter in the Houston suburb of Porter Texas. The 12,000 SF project was launched at the start of the Coronavirus Pandemic in 2020.

Process:

Broker created a detailed and informative marketing package and integrated the following “four-point plan”.

1. They deployed two leasing agent approach and performed phone calls and in-person canvassing for new tenants. This was difficult during the pandemic however objective was achieved.

2. Maximum utilization of all available commercial real estate mediums such as Costar, Loopnet, Crexi, etc. The research was conducted to map out which retailers were not in that real estate quadrant.

3. Utilized extensive market knowledge to present property to a network of brokers and principles through Zoom calls and also in person when pandemic restrictions were lifted.

4. Returned prospect calls and emails within 24 hours which was our policy.

Result:

Property transaction was leased to 100% occupancy in 6 months which was unheard of during the pandemic. Broker sold the property on behalf of the landlord at a 6.2% cap shortly after achieving 100% occupancy.