REDNews February 2012 : Page 41

OFFICE / MEDICAL LEASE / SALE FOR SALE Romano Medical/Professional Building Adjacent to Kidney Dialysis Center ROLLING CREEK 7,280 SF Built Out Space Ideal for Rehab / Dialysis / Medical Facility SOUTHEAST TEX AS FM 1960 ROMANO PARK CENTER MATHIS CHURCH Price Reduced! $1,190,000 • Planned 26,400 SF 6 -single story building professional park on 2.5 acres with total development infrastructure in place • 2 very attractive 4,800 SF shell buildings in place ready for interior tenant improvements • Ideal for medical group or medical related entity desiring multiple building campus effect. Fondren Suite A ROMANO PARK LN Sam S am 12525 Fondren Houst H ou st o on n T o ollw llw ay Jerry Ashmore 281.469.0092 Sylvia Rivas Contact: 713.772.3727 Turk Investments percent in 2012. Th is being said, we are anticipating that our bread and butter markets located in Texas, and namely the Houston market, will far outperform the national markets due to favorable job growth here. As for the loosening or tightening of credit standards, this remains to be seen. Right now, the best loans that receive the lowest interest rates are being sold to Fannie Mae and Freddie Mac. Th ese entities are screaming for the private markets to come and take over the secondary market for mortgages. Once the private markets return, credit should loosen up. When this will happen is the million-dollar question and is not a guarantee for 2012. David Zugheri, executive vice president and co-founder, Envoy Mortgage Apartments Available (high-end) units are scarce, and it will take up to 18 months before any signifi cant number of new units will become available. Expect around 9,000 units to be delivered in 2012 and approximately 10,000 units in 2013. Given the scarcity of available units, overall rents for this class have risen by 8.2 percent as of the end of the third quarter. In 2012, look for rents to continue to rise as the dynamics of good job growth, lack of new supply and a stymied single family market remain in place. Expect rents for (high-end) product in 2012 to improve by 6 percent. Bruce McClenny, president, Apartment Data Services Offi ce Space We’re anticipating there to be continued strong job growth -as many as 80,000 jobs in 2012, and we expect that to generate 4 million to 6 million square feet of positive absorption. Th e only thing that might hold it to the low end of that range is energy and energy engineering companies can’t fi nd enough qualifi ed people. Th at may slow the absorption of space they take. Given how diffi cult it is to attract and attain employees, we’re seeing a fl ight to quality, a fl ight to new construction if it’s there. Th at’s going to create some new opportunities for new construction. Given the fact that new supply is very limited, rates will continue to climb. J. David Baker, executive vice president, Transwestern Retail We should see at least a 25 percent increase, or approximately 1.5 mil-lion square feet, in new retail construction in 2012, which will exceed the total amounts built and open in each of the previous two years. Active growth within Loop 610, particularly by supermarkets, will prevail. Retailers will be challenged to fi nd spaces to lease as the overall occupancy rates approach 87 percent. Rental rates will continue to move upward and the shortage of available space will accelerate. Upscale luxury retailers will continue to accelerate both their expansion into Houston or to expand their existing stores. Ed Wulfe, president and founder, Wulfe & Co. Fondren ain Main S . M 1606 Romano Park, Houston, TX 77090 12525 Fondren, Suite A is a 7 ,280 square foot space that is located in Argyle Plaza Shopping Center and consists of four to fi ve large open rooms, two offi ces, a reception area and two separate restrooms along with separate facilities for men and women. This space was built out in 1998 for HISD and was used as an elementary school for a number of years. This space is ideal for an adult learning center or medical facility such as dialysis or physical therapy. 59 5 9 41

Turk Investments

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