WDJ Realty Group Closes More Than 27,000 Square Feet in Retail Leasing Contracts in September and October

Sugar Land Commercial Broker Sees Signs of the Recession Easing As Retailers Secure Space

• Press Release
• Source: WDJ Realty Group
• On 10:00 am EST, Tuesday November 10, 2009

SUGAR LAND, Texas--(BUSINESS WIRE)--Positive signs of the economic recovery seem to have touched the Fort Bend County area as Weaver, Davis & Jacob (WDJ) Realty Group, a full-service commercial real estate company specializing in mixed-use property development, announced today it had closed more than 27,000 square feet in lease space in September and October alone.

“After months of little or no leasing activity in the market, I think we’re seeing tangible signs of recovery in the retail sector of commercial real estate,” said G. Peter Jacob, principal at WDJ Realty Group. “We’re encouraged by the number of inquiries we’re receiving from various users about leasing in Harris and Fort Bend Counties.”

Earlier this month, WDJ Realty Group announced that UT Physicians, the medical group practice of The University of Texas Medical School at Houston, leased 8,882 square feet with plans to expand to 24,000 square feet at Sienna Village in Missouri City, TX. Jacob said that six additional tenants have signed lease agreements in Sienna Village:

• Primarily Kids Pediatric Dentistry, a dental clinic specializing in dental care for children, leased 3,168 square feet.
• Sports Clips, a hair salon specializing in men’s and boys’ hair care, signed a lease for 1,216 square feet.
• Verizon Wireless, which offers a mobile phone showroom and service center, leased 1,216 square feet.
• Which Wich, a quick-service sandwich shop, leased 1,694 square feet.
• Milagro Hair and Spa, a full-service hair salon and spa for men and women, leased 1,859 square feet.
• Whataburger, a quick-service restaurant, will open a new restaurant at a pad site with a State Highway 6 frontage near Sienna Village in first quarter 2010.

WDJ Realty Group closed several additional lease contracts in the Houston area:

• Global Craft Imports leased 3,363 square feet on 1900 South Shepherd from Craig Management. Mandy Cancino with WDJ Realty Group represented the landlord, and Gary Kob & Associates represented the tenant.
• The Athlete’s Foot leased 3,000 square feet at the Old Spanish Trail Shopping Center at Old Spanish Trail and Main Street. Chris Elliot with WDJ Realty Group represented the tenant.
• Marble Slab Creamery leased 1,200 square feet at Willowbrook Shopping Center. Chris Elliot with WDJ Realty Group represented the tenant.
• Sienna Liquor leased 1,967 square feet in the Sienna Market Shopping Center in Missouri City. Mandy Cancino with WDJ Realty Group represented the tenant, and Debbie Knox, the landlord.

About Weaver, Davis & Jacob Realty Group

WDJ Realty Group is a full-service Texas-based commercial real estate company specializing in mixed-use retail property development. The company helps its clients achieve their goals through forward-thinking strategies and by offering a full cycle of services, including development and redevelopment of existing shopping centers, tenant and landlord representation, property management, investment acquisitions and raw land sales, as well as improved site sales. Visit www.wdjrealty.com/press for more information.

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