Henry McClure has 44 years of real estate experience of real estate transactions of all kinds. Most of my career has been dedicated Shopping Mall re-development, commercial leasing, commercial sales, Mixed-Use/TIF redevelopment and sales of residential and commercial real estate. I have played real advisory roles including but not limited, commercial and residential development, leasing, zoning, real estate tax valuation, platting issues and Brokers Opinions. #mcre1
Ten Years Remaining on the Lease (Five are Firm) – 100% leased and guaranteed by the US Federal Government (S&P AA+).
High Renewal Probability & Long-Term Tenant – GSA Rollover data shows a very low termination rate (less than 2% probability that GSA exercises termination right in soft lease term when the property is new construction or recently refurbished) and a very high renewal probability.
Convenient Location – This is the Field Office for the State of Kansas for the Federal Highway Department, and access to the state’s roadways is a vital consideration for them in choosing a location. 6111 SW 29th Street is a prime location within Topeka, Kansas with its convenient access to the interstate system. It is situated less than one mile west of Interstate 470 which links with Interstate 70 one mile to the north. The Property is one mile south of West Ridge Mall (almost 1 million SF, with five anchors) and is within easy reach of an abundance of amenities, including restaurants, shops and entertainment venues.
Local Market Fundamentals – The Topeka, Kansas market for office properties is tight, with CoStar currently reporting vacancy of 6.6% within the 10.5 million square foot regional office market. The area boasts a low 7.1% five-year average vacancy. Asking rents for Class B office properties in the vicinity of the Property range between $14 gross and $22 gross.
Quality Improvements – The building is well-constructed, with a combination of masonry and wood exterior. All windows were replaced in 2015 with aluminum store front LOW E glass. The shingled roof was replaced in 2013. A well-maintained asphalt paved parking lot provides a total of 27 parking spaces, and there is an additional gravel lot that is used for occasional overflow parking. Additionally, a vacant lot provides for potential building expansion of +/- 2,400 square feet, or for additional parking if desired.
Location Description
Topeka is the capital city of the State of Kansas and the seat of Shawnee County. It is situated along the Kansas River in the central part of Shawnee County, located in northeast Kansas. As of the 2010 census, the city population was 127,473. The Topeka Metropolitan Statistical Area, which includes Shawnee, Jackson, Jefferson, Osage, and Wabaunsee counties, had a population of 233,870 in the 2010 census.
Being the state’s capital city, Topeka’s largest employer is the State of Kansas, employing about 8,400 people, or 69% of the city’s government workers. Altogether, government workers make up one out of every five employed persons in the city. The educational, health and social services industry makes up the largest proportion of the working population. The four school districts employ nearly 4,700 people, and Washburn University employs about 1,650. Three of the largest employers are Stormont-Vail HealthCare (with about 3,100 employees), St. Francis Health Center (1,800), and Colmery-O’Neil VA Hospital (900). The retail trade employs more than a tenth of the working population (11.5%) with Wal-Mart and Dillons having the greater share. Nearly another tenth is employed in manufacturing (9.0%). Top manufacturers include Goodyear Tire and Rubber Company, Payless ShoeSource, Hill’s Pet Nutrition, Frito-Lay, and Jostens Printing and Publishing. Southwest Publishing & Mailing Corporation, a smaller employer, has its headquarters in Topeka.
I-70, I-470, and I-335 all go through the City of Topeka. I-335 is part of the Kansas Turnpike where it passes through Topeka. Other major highways include: US-24, US-40, US-75, and K-4. Topeka Regional Airport (FOE) formerly known as Forbes Field is located in south Topeka in Pauline, Kansas. Forbes Field also serves as an Air National Guard base, home of the highly decorated 190th Air Refueling Wing. MHK located in Manhattan, Kansas is the next closest commercial airport, MCI in Kansas City is the closest major airport. Philip Billard Municipal Airport (TOP) is located in the Oakland area of Topeka.
37 years of real estate experience on your side. The majority of my career has been dedicated Shopping Mall re-development, commercial leasing, commercial sales, Mixed-Use/TIF redevelopment and real advisory roles including but not limited Sales, leasing, zoning and platting issues.
I have a variety of listings from vacant commercial land to NNN properties for sales. Currently McClure Real Estate is representing several local, regional and national retailers with site selections. Two land developments in process.
Restoring 2900 MacVicar
Director of Real Estate for Pizza Pub Holding Company, LLC.
Developing Franchise opportunities for Pizza Pub.
Highlights of McClure Real Estate, LLC.
College Hill TIF Development – This $36,000,000 Private/Public changed the landscape of our inner city directly across for Washburn University in Topeka Kansas. The City of Topeka, Shawnee County and 501 School district authorized over $6,000,000 in TIF financing. The City of Topeka put $4,500,000 in infrastructure from the Capital Improvement budget. Acquired and closed 40 properties to assemble 9 acres for the Mixed Use project consisting of 183 apartment units, 33 Townhomes and 24,000 sqf of retail. www.collegehilltopeka.com
Heritage Tractor – land sale for Arthur Warner. Shepherded and negotiated Sewer Benefit District on behalf of the project with the City of Topeka, Zoning Change.
Taco John’s – Topeka Boulevard and Croix –original Taco Johns ground lease, QSR land sale with Triple Net Properties, LLC and negotiated the Poncho lease.
Taco John's 10th and Wanamaker – Land Sale – Zoning Change – Replacement Taco Johns deal.
White Lakes – Implemented an incubator program with over 15 startup companies.
Mainline Printing – Sale of the old Sears building at White Lakes
29th & California – Maja, Inc. sold to QSR Real Estate.
45th and California – Land sale from Anderson Family Trust to Capital City Bank and Maja, Inc. 21st and Gage - Relocated Jade Garden to Sunny Street Cafe' - Renovated building for Jimmy John's and Cricket. Divaris Real Estate,
May 1998 to February 2000
One ColumbusCenter, Suite 700 Virginia
Beach,
Virginia
23462 TEL: 757-497-2113 FAX: 757-497-1338
Tampa Office
Senior Associate
netp@rk
Tamp Bay / Tampa, FL -1,000,000 sqf Formerly
Eastlake Square Mall, the one million square foot netp@rk.tampabay has
undergone a multi-million dollar renovation to become America's first
corporate supercenter for call centers, back office and high-tech R & D
companies. With individual suites from 5,000 to 150,000 square
feet, netp@rk.tampabay is ideally suited to the needs of large call, customer
service and data processing centers. Spacious, open floor plates and 18-foot
ceilings allow suites to be configured to virtually any specification.
Tenants of netp@rk’s include: General Motors, New Horizons, Creative
World, TempleGym, WFS Financial and Eurest Dining. The
first lease was signed with New Horizons is the largest network of authorized
training centers in the world with more than 200 centers in 28 countries.
Founded in 1982, New Horizons instructs more than 1.5 million students each
year in more than 300 applications courses and 200 technical training courses.
New Horizons original space is 16,217 with expansion rights of 7,000 square
feet negotiated by McClure. Creative
World's state-of-the-art facility at netp@rk.tampabay provides numerous
resources for children to expand their minds, explore their world and realize
their potential.
CreativeWorldSchool
leased 17,750 square feet of space. This twelve-room facility includes a
4,850 square foot exploratorium, featuring an indoor park area with a
merry-go-round, three playgrounds with safety surfacing as well as a play area
with sand and water. Also included are storytelling areas, computer stations, a
variety of interactive learning centers and an extensive food preparation area.
The center keeps low teacher/student ratios and is licensed for up to 300
children. McClure Real Estate sells franchises and performs site selection for
Creative World today. The
third lease signed with McClure representation The Temple Gym, for 11,200
square feet. The TempleGym is a newly formed
corporation with several locations throughout the Bay area. The health
club will be available to employees of netp@rk.tampabay, as well as to visitors
of to complex. The club's features include an aerobics room, weight
training room, free weights, cardiovascular enhancing exercise equipment, a
running/walking trail within the park's perimeter, and a Vitamin Bar which will
provide members with nutritional drinks and snacks at reasonable prices.
The gym also offers members a pro shop, which sells fitness apparel,
nutrition supplements, equipment and health and fitness books. The
Forth lease was signed with WFS Financial,
Inc. for 7,500 square feet. WFS is a federally chartered and insured
savings and loan company with assets of $4.3 billion (as of September 30,
1999). Headquartered in Irvine,
California, WFS is a principal
subsidiary of Westcorp. They offer a wider range of depository,
investment, commercial banking, equity and other lending programs in 25 offices
located throughout California. Other
accomplishments at netp@rk include saving over $189,000 in termination fees
during the transition from a retail mall to an office supercenter. Entered into
resale agreements with major
telecommunications companies. Worked
day to day with Jim Beatty of NCS International to attract his clients to netp@rk.
For more data on netp@rk
visit the web www.netparktampabay.com
ParkSide
Mall / Pinellas Park, fl - 875,000 sqf
Assigned to the property 6/30/99. Deals in process included; Mall Net, CD
World, Amtrak renewal; 2 relocations and 15 lease proposals.
Ponce de
Leon / St Augustine, FL - 375,000 sqf
·Assigned
6/30/99 soliciting for a third anchor and assessing future renovations to
create budget for client's approval.
Renewal in Process 2,737 sqf.
Launching a temporary leasing program.
·Secured
the listing from Northwestern Mutual. Sale closed April 2000
Tenant
Representations - Consulting
CreativeWorldSchool
CD World
Street Corner News - Florida,
Life Uniform -Tampa.
Excel Realty Trust, Inc. December 1997 to April 1998
Clearwater
Mall / Clearwater, FL - 950,000 sqf
Leasing Manager/General Manager
·Eight
permanent deals totaling 6,744 sq. ft. and 15 Temporary deals
·Temporary
income was up 11% March over January.
·Cut
operating expenses $98,000 annually.
·Dealt
with the City and Contractors on redevelopment issues.
·Built
in-house Operations staff.
MD Management
January 1997 to December 1997
Overland Park, KS
Leasing
Manager
·Leasing
four shopping centers and operating one - 3,300,000 sqf
¨East
Hills Mall / Saint Joseph, MO (leased and managed)
¨Metro
North Mall / Kansas City, MO
¨Metcalf
South Mall / Overland Park,
KS
¨Southwyck
Mall / Toledo, OH
·31,500
sq. Ft of fully executed and another 50,000 sq. ft. of leases in process.
·Launched
a new marketing campaign in St. Joseph.
shopwave.com April 1996 to January 1997
Ventura
President
·Developed
a secure shopping channel on the Internet.
Using a state of the Art web server we mastered encryption, fax
fulfillment and order verification to provide secure ordering to web surfers
and adding the most modern mail-order component to retailers. Websites developer.
·Developed
Internet office suites, Internet consulting
·shopwave
networks - Clients - Alliance BBS, AcenetWeb, and Ventura County Databases.
·Computer
retailer.
·Minority
interest in fishnet.net Internet access provider.
First
Internet Company to join ICSC
The Macerich Company February 1983 to August 1996
Leasing Manager
March 1994
to August 1996 - Ventura, CA
·Designed
and implemented an aggressive, Pro-active marketing program, which targeted
clients that, did not exist in the Macerich portfolio. This aggressive campaign included the development
of a sate-of-the-art contact network, providing the most current data on retail
and service tenants. My goal was to
build a relationship with a new tenant and do one deal with them or put them in
every property we owned or operated.
Also did day-to-day leasing on BuenaventuraPlaza. (850,000 square feet)
January 1988 to March
1994 - Lakewood, California
Lakewood Center Mall / Lakewood, CA
(2,500,000 square feet)
Panorama Mall / Panorama City, CA
(450,000 square feet)
ParkLaneMall / Reno, NV
(650,000 square feet)
·Leased
kiosks, in-line, Pad sites, and strip space.
Completed over eighty deals in CA and NV.
March 1986 - Greeley, CO
Leasing
Representative
·Spearheaded
the on-site leasing on the $7 million dollar renovation of the Greeley
Mall. This project also won
Building Magazine's "Modernization Award.”
·Forty
new leases were negotiated including renewals and remodels. 25 of the new tenants were new to the Greeley market.
·Split
the leasing transition and worked on the newly acquired Southglenn Mall
project. Prepared lease synopsis on all
leases and did the preliminary negotiation for the upcoming renovation.
February 1984 - Chattanooga, TN
Leasing
Representative
·On-site
leasing for the Eastgate Mall (700,000 square feet).
·Ten
million dollar renovation of the
·In
less than two years we closed 65 leases, which resulted in $2.2 million dollars
of new income. This project also won Building Magazine's, Modernization
Award, “For excellence in shopping center renovations.” Promoted Project to Anchor prospects.
·Performed
design review on tenant plans.
February
15, 1983 - Boulder, CO
·Tenant
Construction Coordinator for the $40 million dollar expansion of the Crossroads
Mall (850,000 square feet).
·Worked
closely with architects general and subcontractors
·Coordinating
new store construction including complete plan submission, design review and
permitting for all new tenants.
·Coordinated
the completion of the general contractors punch list on the core and shell of
the expansion. Promoted into leasing.
February 1, 1983 - Winter Park, Florida
·Entered
the Macerich Company’s management training program at the Winter Park Mall.
Realtor
AssociateMarch
1979 to February 1983
Topeka, Kansas
·In
Topeka Kansas I sold my first house thirty days from getting an active license
and closed over $1.3 million in sales my first full year in the business.
·Managed
Apartment Units, Leased Office Space and began to do Commercial Real Estate.
·Worked
with Lewis & Cobb, High Plains and Griffith
and Blair
Education
& Affiliations
University of Kansas, History and Communications
State of Kansas Real Estate License - Broker
State of Florida Real Estate License -- Salesperson
Associate Member, ICSC since 1984
Founding Member of Leasing Agents of
Greater Los Angeles
Founding Member of Terrace Theater Long Beach
Reno Retail Committee
Topeka Board or Realtors
MLS
Topeka Metropolitan Planning Commission
Board Member of InternationalCenter
of Topeka, Inc.
St. David’s Welcoming Committee and Buildings and
Grounds
