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Colliers Retail tapped to lease Kimco’s three Baybrook Properties

Kimco awards Colliers the leasing assignment for three Baybrook area properties: Baybrook GatewayCenter at Baybrook, and their new development, Shops at Baybrook. The properties are adjacent to each other on the Gulf Freeway at the southeast corner of Bay Area Boulevard and have suites available from 2,400 square feet to 39,998 square feet as well as a 1-acre pad site.

 

Heading up the assignment from Colliers for Baybrook Gateway and Center at Baybrook is Kimberly Lenardson and Cody Persyn. While the Shops at Baybrook will be headed by Hannah Tosch and Wade Greene.

  Baybrook Gateway     Center at Baybrook  
   Baybrook Gateway   Center at Baybrook  
         
   Future Shops at Baybrook  
   Future Shops at Baybrook  

 

New tenants for the properties will join retailers such as Party City, World Market, Michaels, Barne's & Noble, buy buy Baby, Bed Bath & Beyond, Bel Furniture, Hobby Lobby, James Avery, and Jared.  Escalante's, La Madeline, Pappas Delta Blues Smokehouse, Pappas Seafood House, and BB's are some of the restaurants.

 

"We are very excited for our new relationship with Kimco and these three Baybrook area properties," said Kimberly Lenardson, Vice President of Colliers, "The existing retail and restaurant tenants in this market are performing very well for the most part, which is contributing to the area’s occupancy remaining tight."

 

The properties are located in Houston’s NASA/Clear Lake retail submarket. The submarket consists of 28.8 million square feet of retail space, which is 94.7% occupied. In addition, there is 140,000 square feet of additional space under construction in the submarket.


Related Experts

Kimberly Lenardson

Vice President

Houston

Ms. Lenardson joined Colliers | Houston in 2012 as Vice President of Retail Services, bringing over 16 years of commercial real estate experience to the firm.  Kim is a dedicated retail specialist providing both landlord and retail tenant representation services.  She has worked with REITs on large portfolios as well as help local owners find smaller shop space.

Kim previously served as a Leasing Specialist with North American Properties – Southeast, Inc. | Ft. Myers, FL from 2007 to 2012.  She was primarily responsible for leasing document management of new leases, renewals, assignments and amendments of the North American Properties Ft. Myers portfolio consisting of Publix anchored and Target anchored centers throughout Florida and Georgia. The North American Properties Ft. Myers portfolio reached a scale of over 1.2 million square feet of GLA including approximately 360,000 square feet of small shop space. She acquired a working knowledge of shopping center construction with the ability to read construction plans. Assisted in site plan design of new developments along with building the design in accordance with creating merchandising plans.  Kim worked with many aspects of asset management including creating detailed reports for the purposes of Pro-Forma projections andlease assumptions. leasing summaries, competitive market surveys, and five-year budget projections.

Director of Sales and Leasing with Grand Bay Properties, LLC | Bonita Springs, FL from 2004 to 2007.  Retail leasing of grocery and specialty centers of up to 93,000 square feet as well as Class A office space.  Negotiated new and renewal lease agreements to ensure the best terms, compliance and obligations, with landlords, agents, attorneys and/or tenants directly.  Reviewed tenants construction documents, sign shop drawings and sample boards for conformity to Landlord’s criteria.  Monitored and verified negotiated construction to be built on schedule.

 Leasing Associate with Jones Lang LaSalle Americas, Inc.| Miami, FL from 2003 to 2004.  Represented Landlord, JP Morgan Investment Management, in leasing a 1.4 million square foot property with approximately 350 tenants.  Updated and distributed monthly reports to JP Morgan.

Property Administrator with Jones Lang LaSalle Americas, Inc. | Atlanta, GA and Miami, FL from 2002 to 2003.  Responsible for all aspects of lease administration including  compilation of lease documents for ownership approval and distribution of leasing status reports, rent rolls, and Winstack stacking plans.

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Cody Persyn

Senior Vice President

Houston

Cody Persyn advises clients in the buying and selling of investment and value-add retail properties, tenant representation and site selection. His attention to detail and beginnings as a financial analyst help ensure clients are maximizing value. Cody has been involved in the transaction side of the business since 2001, handling multi-tenant and single tenant (NNN) sales, sale-leasebacks and corporate dispositions. He has formed a specific expertise in the disposition of vacant retail “big box” properties with involvement in 291 transactions with consideration exceeding $687 million. He has sold properties in 44 states.

Prior to joining Colliers in 2021, Cody spent eight years with SRS following 12 years with the Portfolio Services team of CBRE. During his career he has worked with industry leaders including Walmart Realty, Walgreens, Shell Oil Company, America’s Best Contacts & Eyeglasses, AutoNation, YUM! Brands, Capital Automotive and Inland Real Estate Group.

Cody is a graduate of the Mays Business School at Texas A&M University with a Master of Real Estate in Land Economics and Real Estate, where he also completed his undergraduate degree. During his time in college he also served a six-year tour in the Marine Corps Reserve.

Cody has been married to Brooke for 14 years and they have two children, Frankie and Atlee. In his spare time, Cody enjoys the great outdoors, traveling and has a particular interest in most things about Spain.

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Hannah Tosch

Senior Associate

Houston

Hannah Tosch serves as a Senior Associate on the Houston retail team. Tosch has been in the business and with Colliers since 2016. Her primary focus is tenant representation services for local and national restaurant, retail and entertainment concepts. As a native Houstonian, Hannah combines her existing relationships with her passion for the restaurant industry to best serve her clients.

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Wade Greene

Principal & Director

Houston

Wade Greene joins Colliers Houston as Director of Retail Services and Principal of the company.  Greene will use his experience and enthusiasm for retail brokerage to grow the Colliers Houston Retail and Hospitality Advisory Teams.  

Wade specializes in tenant representation services for local and national restaurant, retail, and entertainment concepts.  With the assistance of C-Suite level clients and his national brokerage network, Mr. Greene has built a Corporate and Franchise Growth Solutions Platform, helping companies seamlessly execute driven roll outs across the country. 

A native Houstonian and second-generation Houston based commercial real estate professional, Wade has represented companies such as, Alamo Drafthouse Cinemas, Walmart, Salata, Kids Empire, Darden Restaurants, Earl of Sandwich, Putt Shack, Flight Club, Ace Bounce, Seoul Taco, Tasc Performance Apparel, Krewe Optical, Chick’n Cone, Firehouse Subs, Voodoo Doughnut, Jollibee, Roses, Anytime Fitness, Dat Dog, Dyson and Award-Winning Texas Chefs.     

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