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Georgetown Pl/FP-PS 840516I I I I I I GEORGETOWN PLAZA SHOPPING CENTER I I Coppell, Texas A master-planned shopping center with retail strip space plus pad site for a major grocery tenant. By I I Giller Land Corporation 8131 LBJ Freeway, #815 Dallas, Texas 75251 II. III. IV. GEORGETOWN PLAZA SHOPPING CENTER TABLE OF CONTENTS Proposal - Purpose of Project; Developer P rofil e. Summary - A Brief Project Narrative. The Property - Project facts and figures along with location maps, aerial and site plan. Market Data - Market Conditions. PROPOSAL GEORGETOWN PLAZA SHOPPING CENTER PROPOSAL When viewed from an aerial photograph, one sees that Coppell, Texas is located in the last piece of the "pie" to be developed in the Dallas area, bounded by 1-635 on the South and 1-35E on the East, just west of-Carrollton. The potential for this area has recently been realized by some of the area's largest homebuilders who have been developing land and constructing homes at a break-neck pace in an attempt to keep up with area demand. With all this residential expansion comes the need for neighborhood shopping centers. To serve the ever increasing population, Giller Land Corporation is now developing George- town Plaza Shopping Center, located at the northeast corner of Sandy Lake Road and Samuels. Having developed similar projects in Arkansas & Oklahoma, Giller Land is pleased to see a city building ordinance as stringent as Coppell's, since these high standards parallel those set by Giller Land Corporation for its own projects. Mr. John Giller, President of Giller Land Corporation, has every intent of making this project as architecturally pleasing and functional as possible, as he wil! retain ownership of the center for himself. Giller Land Corporation is looking forward to working with the City of Coppell to make Georgetown Plaza Shopping Center a mutually successful project. Giller Land Corporation DEVELOPER PROFILE Giller Centre RO Box 618 El Dorado, Ar. 71730 501 - 863- 7021 503 N.E. 12th Street Moore, Ok. 73160 405-799-6821 8131 LBJ Freeway, Suite 815 Dallas, Tx. 75251 214- 644-1025 GILLER LAND CORPORATION Giller Land Corporaation, an Arkansas corporation since 1977, is based in E1 Dorado, Arkansas. The company was formed to expand on the experience and expertise of its president, Walter John Giller, Jr. Although several retail shopping centers have been developed in the E1 Dorado, Arkansas area, the company's primary activities have been in Moore, Oklahoma, a suburb of Oklahoma City. Foxfire at Moore, a single family subdivision containing over 250 homes, is now nearing completion of its fifth and final phase. Almost 90% of the homes, ranging in price from $65,000 - $95,000, were built and sold by divisions of Giller Land. The remaining lots were sold to area builders. Giller Land is also developing and building Fox Run Commons, a 254 unit townhome/condominium project in Moore, adjacent to the Foxfire addition. On the commercial side, Foxfire Corner Shopping Center is ready to break ground on the corner of N.E. 12th Street and Eastern Avenue. The 12 acre site will contain more than 117,000 square feet of retail space, with a major grocery and drug store committed as anchor tenants. The first building of Foxfire Office Park and Professional Center has been built and leased with plans for six more buildings totaling more than 50,000 square feet of office space. Foxmoore Retail Center, across Eastern from the shopping center is already well established with a corner convenience store and liquor store as anchors, plus expansion plans on the drawing board that will contain over 35,000 feet of additional retail space. In Texas, Giller Land is developing Georgetown Plaza Shopping Center, an 11 acre site at the northeast corner of Sandy Lake Road and Samuels in Coppell, Texas. With con- struction scheduled to begin in approximately three months, the site will ultimately contain over 120,000 square feet in retail space. In Brownsville, Texas, Giller Land is the con- trolling partner in Port Rio Grande, a master-planned resort development that will take in over 12,000 acres of prime beach-front property just south of South Padre Island. Giller Land Corporation is also involved in numerous other projects throughout Texas, Oklahoma, Arkansas and surrounding states. WALTER JOHN GILLER, JR. John Giller is president of Giller Land Corporation and founder of Foxfire in Moore, Oklahoma. He holds a Bachelor of Science Degree in mathematics from the University of Arkansas and he is a 1967 doctural graduate of the University of Arkansas. He is a graduate of the Real Estate Institute (GRI) and he has completed Course lA of the American Institute of Real Estate Appraisers. He is a member of the El Dorado, Arkansas Board of Realtors. He served as chairman of the Ethics Committee for the local board and he brings over eleven years of real estate experience to the company. He is a licensed broker in both Arkansas and Oklahoma. John Giller is the Operating Trustee and Chairman of the Board of Trustees of the Anna W. Giller Trust with holdings in oil, gas, real estate and timber. He is president of the parent company of the Giller entities, Giller Management Corporation, which provides accounting and logistical services to all the entities owned by John Giller. He is president and board member of Foxfire Plastics, president and board member of Foxfire Realty, Inc., president and board member of Foxfire Construction Company, and he is the Chief Execu- tive Officer and board member of FoxCom, Ltd. He is also president and board member of Giliaire, Inc. Through these associations he brings wide experience in management, market- ing, public relations, land development and coordination. This ability was recognized by his selection as Chairman of the Committee on Finance and Taxation of the Arkansas State Constitutional Convention. In this position he was responsible for state constitutional provisions dealing with ad valorem tax, bonded indebtedness and school finance. John Giller has a broad background and has managed the development and/or rental of commercial, residential and farm properties in Arkansas, Oklahoma, Illinois, and Texas. His outside interests are many. He is a commercial, instrument, multi-engine pilot with both jet and turboprop experience. He is also an active commander in the United States Air Force Reserve. JEFFREY D. STONE A graduate of Iowa State University with a Bachelor of Science degree in Construction Engineering, Jeff Stone has had over eight years to build a broad background in real estate with in-depth experience in construction management, product design, marketing and on-site sales. After college, he was project manager for two years with Broyles and Broyles, a large mechanical contractor with offices in Fort Worth, Atlanta and Baltimore. He moved from Atlanta to Dallas and started Stone & Thompson, Inc., building approximately six homes per year in the $150,000 to $175,000 price range. He was in charge of all day-to-day operations. This successful operation changed to J.D. Stone Custom Builders as William Brown became the financial backer. Jeff Stone's sales coordinating ability became apparent and he was made Director of Marketing for W. Brown Custom Builders, Inc. Jeff was responsible for all marketing, on-site sales, contract negotiations, and product design. While there, he implemented a full marketing program. He worked directly with the advertising agency in the coordination of design and media selection and placement. Two on-site sales centers were developed and managed while the speculative built inven- tory of $9 million was sold in less than 12 months. Mr. Stone then accepted a position with a firm hired to market condominiums for a major Dallas developer. He was in charge of the on-site sales centers for over 1000 units, as well as being responsible for writing the sales training manual, preparing and conducting sales training seminars, and working on the permanent loan financing terms. He moved from marketing to development, coordinating the development of over 1500 units in Dallas, Oklahoma and Florida. This broad background is ideal for allowing Mr. Stone to keep the overall picture in focus while coordinating any one of the aspects of successfully developing and marketing a project. Jeff is a licensed real estate broker in Texas. SUMMARY GEORGETOWN PLAZA SHOPPING CENTER PROJECT SUMMARY Georgetown Plaza Shopping Center is a master-planned project on an 11.338 acre site in Coppell, Texas. Located on the northeast corner of Sandy Lake Road and Samuels, the site will contain more than 120,000 square feet of retail space including a major grocery tenant. The project will be the second shopping center planned for the booming town of Coppell, the first being located on the southeast corner of Sandy Lake and Denton Tap, anchored by Minyard's. The location of Georgetown Plaza is right in the middle of the recent tremendous surge in residential development that is taking place now in Coppell. This location is prime for serving the neighborhood shopping needs of the surrounding community, and the new elementary school is just north of the site on Samuels. Georgetown Plaza, in keeping with the high standards of the City of Coppell, will have an all brick exterior in an old world type New England architecture along with simulated slate roof, dormers, and columned arches, creating a pleasing and productive shopping center. The site will be further enhanced with a full masonry screening fence along the north and east property lines and will include a lush landscaping 'plan consistent with the master plan created by EDI Arch- itects, Inc. Georgetown Plaza will be a showcase shopping center indicative of the high quality of development desired in Coppell, and especially along Sandy Lake Road, the main boulevard for the city. THE PROPERTY GEORGETOWN PLAZA SHOPPING CENTER Location: Project Size: Zoning: Utilities: Frontage: Improvements: Features: On northeast corner of Sandy Lake Road and Samuels in Coppell, Texas. 11.338 acres gross Commercial - will allow shopping center development. Water - 16" line in Sandy Lake Road, 8" line in Samuels; Sewer - 27" line approximately 800' north of site; Electric - Texas Power & Light; Gas -2" line on north side of Sandy Lake, 4" line on west side of Samuels. 816 feet along Sandy Lake and 580 feet along Samuels. Phase I: Approximately 59,000 square feet of retail strip shopping center space. Phase II: Major grocery tenant at 64,800 square feet. · · · · · · 123,800 square feet of planned retail space Parking for 643 vehicles Completely finished lease space Interior space design Energy sensitive mechanical systems Abundance of free, lighted parking Easy access to and from parking area Uniquely landscaped natural setting Full brick masonry exterior Balanced tenant mix 'k LAKE Pop 3.826 RD CnM~ CITY MARKET DATA GEORGETOWN PLAZA SHOPPING CENTER MARKET CONDITIONS In the past year Coppell, Texas, has experienced a tremendous surge in residential development that has trans- formed a once quiet town of a few thousand into a suburban city rapidly approaching 10,000 in population, with that figure doubling in the next few years. Located roughly north of Beltline and just a few short miles west of 1-35E, Coppell is the center of an area viewed as the last piece of the develop- ment "pie" of the Dallas area. With Carrollton to the east and Las Colinas to the south, Coppell will be the next area of expansion to meet the growing needs of the Metroplex. Several large companies have already or will soon be locating major facilities in the area, including Texas Instru- ments, Frito-Lay and Electronic Data Systems. With the extension of MacArthur Boulevard north to Sandy Lake Road and eventually to Samuels, this area will be totally accessable to the surrounding community. There are two main east-west arteries: Beltline Road being more commercial-oriented and Sandy Lake Road being a residential thoroughfare that will eventually be widened to six lanes and become the gateway boulevard to the City of Coppell. The residential development taking place in Coppell has centered itself around the Sandy Lake Road-Samuels area with a large number of new homes already built and sold south of Sandy Lake Road and new home development taking place on the north side at this time. Some of the developer - builders include Murray Investments, Braewood Homes, Lomas & Nettleton, Fox & Jacobs, Kenwood Homes, Raldon, Univest, Great Southwest Homes, and Triland to name a few. These firms and many more are actively involved in the rapid resi- dential expansion of the Coppell area. We believe as do many others that the time is right for the development of the Coppell area. And with the dramatic increase in residential construction and sales, the need for neighborhood shopping has been created. Giller Land intends to meet that need with Georgetown Plaza Shopping Center.