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Colliers signs anchor tenant to new retail and office redevelopment in South Gulf Plaza in Houston

Retail Lease.

 

Colliers is pleased to announce WellMed has leased 12,401 square feet at the South Gulf Plaza redevelopment located at 5815 Gulf Freeway in Houston, Texas. The tenant, WellMed Medical Management, Inc., was represented by Luke Campbell and Nick Campbell of Perron & Campbell, Inc. Jenny Seckinger and Ace Schlameus of Colliers represented the landlord in the transaction.

WellMed is a leading health care company serving patients with primary care and multi-specialty care clinics in Texas, Florida and New Mexico.

"The developers recognized the unique opportunity to offer a mixed-use Class A asset to an underserved area. WellMed is the perfect anchor tenant for this particular project," said Jenny Seckinger, Vice President of Colliers.

South Gulf Plaza is a Class A mixed-use development comprised of two buildings located inside the 610 Loop on I-45 just North of Wayside Drive. Building A is a 26,424 square foot two-story building, consisting of 12,401 square feet of retail on the ground level and 14,023 square feet of office/retail space on the second level which is elevator served. Building B is a 29,754 square foot single-story building, consisting of 13,746 square feet of warehouse space with two dock-high loading ramps, a 6,134 square foot showroom and 9,874 square feet of retail fronting I-45. The developer, Hass Holdings, and construction group, Burton Construction, expect the project to be delivered and available July 2021.

The property is located in the Inner Loop East End retail submarket. The submarket is located east of downtown and contains about 8.8 million square feet of retail space which is 95% occupied.

 

South Gulf Plaza_WellMed


Related Experts

Jenny Seckinger

Vice President

Houston

Jenny Seckinger joined Colliers in 2008 and has more than 16 years’ experience in the real estate industry.  

During her career, she has successfully leased, sold and acquired significant Class A assets for private equity, individual and institutional clients.  Projects have included all sectors of the real estate industry including retail, medical, office, land and development.  Jenny has been a senior member of various teams in the development of major high profile marketing campaigns and was personally responsible for working closely with owners to maintain asset values during the 2020 pandemic resulting in the successful sale of a diversified portfolio of retail asset at full stabilized capital rate value. 

Jenny has continuously demonstrated that she can achieve positive results in any market. Her ambition, dedication and goal achieving attitude ensure the client’s goals are secured.  

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Ace Schlameus

Senior Vice President

Houston

In his 30-year brokerage career, Ace Schlameus has developed direct experience in marketing, finance and transaction negotiation skills. Ace has consistently brought measurable economic value to client's investments. As the Senior Broker for a team that represents large portfolios, he has continued to be a top producer. In the past 15 years Ace has averaged more than 100 transactions annually for more than 30 million square feet of office space.

He has proven to be a creative leader that can achieve results in any market. His experience in multiple sectors of the real estate industry has given him a unique skill set to accomplish goals from an asset manager's perspective.

The successful execution of marketing campaigns have been a hallmark of Ace's career.

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