Hungry for something different?

Sycamore recently was selected to help a pair of entrepreneurs start their franchise empire. The purchasers of the development rights for Canadian franchise “Smokehouse Sandwiches” recently chose a site in the Humble area to launch their Texas presence. With plans to develop 2-3 more company owned stores initially, longer term plans call for 20+ locations across Texas and we are pleased to be on the team. Check them out at SmokehouseSandwich.ca

Investment Sales Still Active

Sycamore Commercial is pleased to announce the recent sale of a multi-tenant investment property in northwest Houston. The warehouse property has historically had full occupancy and is just the type of property an individual investor likes to find. Multiple tenants provide occupancy stability, reasonable cap rate pricing assures a good cash-on-cash return, solid deb service coverage and a location near the 610 Loop and 290 is convenient for both tenants and owner alike. With all of these attributes, bank financing was not a difficulty.

Interested in starting your commercial real estate portfolio? Give us a call, we’ll help you find what suits you with sniper like precision.

Despite Oil Prices, Houston Continues To Grow Faster Than Anywhere Else

compliments of BisNow.com

The Houston metro added more people to its overall population last year than any other metropolitan area in the US, according to Census figures released yesterday. Greater Houston added 159,000 people, bringing its total to more than 6.6 million. While Houston is home to 2% of the nation’s population, the region accounted for 6% of the nation’s population growth, reports Rice’s Kinder Institute. Dallas is a close second. Together, the four major Texas metros added almost 400,000 people, accounting for 16.4% of the country’s population growth. Take that, oil prices. [Kinder]Read more at: https://www.bisnow.com/houston/news/economy/despite-oil-prices-houston-continues-to-grow-57860

“This ain’t easy”

NukoteSycamore Commercial was proud to represent industrial coatings maker Nukote International in relocating their operations from Dallas-Fort Worth to Houston. Their space needs were simple enough, but the class of materials they handle presented a challenge. Beyond investigating the property, it was necessary to research both neighboring tenants and neighboring properties to ensure compliance with safety regulations. By working closely with our client, we were able to find an excellent fit in the World Center complex near George Bush International Airport, leasing nearly 20,000sf of flex space. It was a pleasure working with Clay Reichenbach of InSite Realty who represented the landlord, EastGroup Properties, LP.

New Agent on Board

We’re pleased to welcome Monal Parmar as our newest agent. With excellent academic credentials and an entrepreneurial background, she is well qualified to assist our clients in meeting their commercial real estate needs. Check out her background on LinkedIn – https://www.linkedin.com/in/monal-parmar-87553617

Negotiating Skills in Action

Gemini Fab

Sycamore Commercial Properties is pleased to have played a key role in negotiating the recent lease for Gemini Fabrication. The complicating factor was the state of the relationship of the landlord and the current tenant, or more specifically, their brokers. Let’s just say near the end, they weren’t holding hands. By playing the concurrent roles of mediator, diplomat, analyst, agent and mind reader, we were able to keep the discussions moving forward and ultimately got everything signed. Despite some frayed nerves, all parties came out ahead – win-win-win.

1. The landlord now had the space leased for a longer term, and got some “parting gifts” from the tenant.
2. The tenant was released from their lease and paid some incentives to our client, on balance saving themselves over a quarter of a million by not keeping an empty facility.
3. Our client received significant moving/modification offsets to takeover the lease, was able to occupy the new plant in time to avoid a renewal of his current lease and can now accept new orders for projects too big for his previous shop.

Gemini Fabrication (check them out at GeminiFab.com) will soon be operating out of a reconfigured 25,000sf plant in northwest Houston with multiple heavy cranes with high under-hook clearances – they make big stuff !!

Rapid Response Team!

DirectBuy

When we say “we’ll return your phone call”, we mean it! This kind of response is what landed a recent client and produced rapid results. The national buying club Direct Buy was in need of a Houston warehouse after being displaced due to a structural issue (roof collapse) in their current location. Receiving our first call on a Wednesday, we had searched for and located a suitable space, negotiated and executed a competitive lease and had keys in their hands the following Wednesday. If that’s the kind of service you demand, give us a call.

Recent Deal: Warehouse in NW Houston

Recent Deal: Warehouse in northwest Houston – we were privileged to represent Enerset Corporation in the purchase of a new location in northwest Houston at the FM529 Commerce Park industrial park. John Ferruzo with NAI Houston represented the Seller.

New Team Member!

We’re excited to add Colin Gildroy to our roster. Colin brings an entrepreneurial background to his practice and will be involved in brokerage as well as the investments area of Sycamore.

We’ve Launched!

We’ve officially added brokerage services to our portfolio in addition to investments. We look forward to growing this side of our business throughout the vibrant Texas marketplace.