Commercial Real Estate in Corpus Christi Archives - Cravey Real Estate

Office Building Comparisons

megan628 — Tue, 24 Apr 2018 17:20:00 +0000

Before a Tenant makes the final decision on staying or moving, the dollar-per-square-foot costs need to be compared along with other benefits that the tenant may receive. Newer office buildings often fill up at the expense of older office buildings. Because new buildings cost more to build, rental rates will be higher.

In many areas, there are still many vacancies reported in office buildings. Most of the available space is in newer buildings. One of the most important jobs the leasing agent of a building with available space is to analyze other buildings to see if a Tenant could be persuaded to move.

Here are a few things to compare:

Time factor. In a business’ expansion, they may have expanded to different floors or different buildings as more space was needed. There may be a significant loss in employee time due to the inconvenient layout through expansion at an old location.
Don’t assume that the new space rentals are not competitive. Cost-of-living clauses in the tenant’s existing lease may have escalated the rent level up to the costs in the newer, more modern building.
The newer building represents more efficient design and is modern in every way. The intangible improvements in employee morale and efficiency may overcome the slight difference in dollar-costs per month.
Finally, a change in location to a more, prestigious building in a scenic part of the community can contribute to the reputation of the tenant and ultimately to the profitability of the business.

The tenants who could profit from being at the new location will usually not be aware of all the benefits of a move until they are given the opportunity to make the comparison.

Click here to view our office listings.

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Longoria joins Cravey Real Estate Services

George Plumley — Fri, 21 Jul 2017 12:23:27 +0000

Lydia Longoria has joined Cravey Real Estate Services, Inc. Lydia will specialize in the sale and leasing of retail and office properties. Lydia recently worked as an intern with Cravey and has decided to make commercial real estate a career.

Lydia was born and raised in Corpus Christi. She attended Texas A&M Corpus Christi and finished her Bachelors of Science degree at the University of Houston and graduated in December 2016. Lydia grew up in the real estate industry learning from her mother, Lynann Pinkham. “Lydia brings an enthusiasm and caring for people that is needed desperately in our business”, said Matthew Cravey, President of Cravey Real Estate Services, Inc.

Cravey Real Estate Services is a full service commercial and industrial real estate company based in Corpus Christi, Texas. We specialize in the sale, lease and management of Commercial, Industrial, Warehouse, Office, Retail, Shopping Centers, Land and Investment Properties in Texas.

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Evans joins Cravey Real Estate Services

George Plumley — Thu, 26 Jan 2017 16:17:46 +0000

David Evans has joined Cravey Real Estate Services, Inc. David will specialize in the sale and leasing of office and other commercial properties. David recently retired from the Corpus Christi Fire Department after a 13-year career and is ready for this new chapter in his career.

He was raised in a commercial real estate family and understands the importance of relationship building and good communications skills. David consistently demonstrates a cool-headed enthusiasm to understand and meet the needs of the people he works with.

We are very pleased with the addition of David to the Cravey team. David brings the enthusiasm and great attitude that we look for as an adviser in our Company. “I am always looking for someone who will bring a love for our business. The people he will serve deserve to feel that we are looking out for their interests and David meets that criteria,” said Matthew Cravey, President of Cravey Real Estate Services, Inc.

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Hassman joins Cravey Real Estate Services

matt301 — Mon, 14 Mar 2016 22:36:20 +0000

Lee Hassman has joined Cravey Real Estate Services, Inc. Lee will specialize in the sale and leasing of retail properties. He has over thirty years experience in the real estate industry. In the seventies, Lee worked for Bear Stearns & Co. for five and a half years on the floor of the NY Stock Exchange. For the next twelve years he was an entrepreneur running auctions for goods confiscated at the border for the Ontario Provincial Government. During the same time, he owned retail stores in Toronto, Ontario, Canada.

Lee then started his real estate career 1984 with Bramalea, Ltd. a large developer of office, malls and apartment complexes. In 1997, Lee was sent to Corpus Christi by Great Oak Development a REIT to lease and dispose of Sunrise Mall. Lee has lived in Corpus Christi ever since.

In 2015, Lee started working toward his CCIM designation.

Lee Hassman brings to Cravey Real Estate many years of experience in the retail industry. "We were looking for somebody to add to our retail team and Lee has the knowledge and ability I was looking for. I am most impressed with his work ethic and attention to detail. That seems to be missing in our industry today," said Matthew Cravey, President of Cravey Real Estate.

Cravey Real Estate Services, Inc. is a full service commercial and industrial real estate company based in Corpus Christi, Texas. We specialize in the sale, leasing and management of Commercial, Industrial, Warehouse, Office, Retail, Shopping Centers, Land and Investment Properties in Texas.

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Perry joins Cravey Real Estate Services

matt301 — Thu, 25 Feb 2016 23:03:44 +0000

Richard (Dick) Perry has joined Cravey Real Estate Services, Inc. Dick will specialize in the sale and leasing of commercial, industrial and agricultural land. Dick has over thirty five years experience in the real estate industry. He grew up in Corpus Christi and has strong ties to South Texas.

Dick holds a BBA in Finance from SMU. He serves as a Trustee and Business Manager of the Perry Foundation. Dick had experience in Banking where he served as Chairman of the Board at the Bank of Robstown for five years before it was sold. He also has performed numerous appraisals and has extensive experience in managing agricultural and commercial real estate such as farms, grain elevators, livestock feedyards, warehouses and office buildings.

We are very pleased with the addition of Dick to the Cravey team. Dick brings wisdom and knowledge that we are looking for in an adviser to our Company. "I am only looking for the highest caliber to join us and Dick definitely meets that criteria," said Matthew Cravey, President of Cravey Real Estate Services, Inc.

Cravey Real Estate Services is a full service commercial real estate company based in Corpus Christi, Texas. We specialize in the sale, lease and management of Commercial, Industrial, Warehouse, Office, Retail, Shopping Centers, Land and Investment Properties in Texas.

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Fauver joins Cravey Real Estate Services

matt301 — Wed, 26 Nov 2014 22:38:21 +0000

Scott Fauver has joined Cravey Real Estate Services, Inc. Scott will specialize in the sale and leasing of properties related to the medical industry. Scott graduated from Texas A&M University – Corpus Christi with a Bachelor of Science Degree. Subsequently, he worked as a Neonatal ICU Nurse at Driscoll Children’s Hospital and a Pharmaceutical Sales Representative for Merck & Company and Abbott Laboratories. During that time, he earned an award for Nurse of the Year, was recognized at the district, regional and national levels for sales results, and successfully negotiated numerous hospital contracts throughout South Texas.

Scott is the type of person we have been looking for. He brings a strong work ethic and an optimistic attitude and most of all a willingness to serve the needs of our customers said Matthew Cravey, President of Cravey Real Estate Services.

Cravey Real Estate Services is a full service commercial and industrial real estate company based in Corpus Christi, Texas. We specialize in Commercial, Industrial, Warehouse, Office, Retail, Shopping Centers, Land and Investment Properties in Texas.

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Moreau joins Cravey Real Estate Services

matt301 — Tue, 14 Oct 2014 17:09:17 +0000

Chandler Moreau has joined Cravey Real Estate Services, Inc. Chandler will specialize in the sale and leasing of industrial properties. He grew up in College Station, Texas and attended Texas A&M University in Corpus Christi where he received a degree in Accounting and a minor in Economics. After College, Chandler interned as an internal auditor for Price Waterhouse Coopers.

Realizing his passion for Real Estate and Commercial Investments, Chandler joined Cravey Real Estate in 2014.

We have high hopes for Chandler. With his energy and education, I am sure he will be an asset to our company said Matthew Cravey, President of Cravey Real Estate Services, Inc.

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Hanson joins Cravey Real Estate Services

matt301 — Mon, 09 Dec 2013 18:26:46 +0000

Georgia Hanson has joined Cravey Real Estate Services, Inc. Georgia will specialize in the sale and leasing of office properties. She has over six years in the real estate industry. She grew up in South Texas and has a degree in Business Administration with an emphasis in Marketing from Texas A&M University – Corpus Christi.

We are pleased to be adding Georgia to the Cravey team. We are very picky about who we choose to add to our Company. I would rather have an empty office than to have someone working with us who does not meet our standards said Matthew Cravey, President of Cravey Real Estate.

Cravey Real Estate Services is a full service commercial real estate company based in Corpus Christi, Texas. We specialize in Commercial, Industrial, Warehouse, Office, Retail, Shopping Centers, Land, and Investment Properties in Texas.

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Garden Ridge coming to Corpus Christi

matt301 — Wed, 23 Oct 2013 22:54:43 +0000

Sam’s Club will be closing their store located at 4949 Greenwood Drive, Corpus Christi, Texas and moving to the southeast corner of South Padre Island Drive (HWY. 358) and Everhart Road. This is the location of a former Wal-Mart that was recently torn down to make room for the larger Sam’s Club. Sam’s made the decision to move closer to the new proposed Costco which is rumored to be located at the southeast corner of Rodd Field Road and South Padre Island Drive (SPID). Sam’s move is seen as a strategic move to counter the newer and more upscale Costco.

Costco Wholesale Corporation is a membership-only warehouse club that provides a wide selection of merchandise. As of July 2012, it is the second largest retailer in the United States, the seventh largest retailer in the world and the largest membership warehouse club chain in the United States.

Wal-Mart which owns Sam’s Club listed the property at Greenwood for $3,700,000. Employees of Sam’s and other sources that don’t want to be named, confirmed that Garden Ridge will be taking over the old Sam’s Club location. We have not confirmed whether Garden Ridge has the property under contract or an investor/developer will lease the property to Garden Ridge. We contacted Garden Ridge to confirm but they refused to comment.

We feel that Garden Ridge will be an excellent replacement for Sam’s and a good use of the building. According to Wikipedia, Garden Ridge is a privately held home decor retail chain based in Plano, Texas. Starting in 1979 with just one store in Schertz, Texas, the store was then known as Garden Ridge Pottery.

Matthew Cravey, President of Cravey Real Estate Services, Inc. represented Sam’s Club in the purchase of the land on Greenwood Drive in 1985. The site is 17 acres and the original building was 106,000 square feet. Later the building was expanded to it current size of approximately 138,000 square feet.

Contact our office or go to our web site if you are needing more information or help with any of your commercial real estate needs.

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Cravey Real Estate Hosts Chick-fil-A Leadercast

matt301 — Mon, 20 May 2013 16:59:50 +0000

The Chick-fil-A Leadercast was held on May 10, 2013 at Texas A&M University – Corpus Christi. Cravey Real Estate Services, Inc. hosted the event for the second year. Chick-fil-A Leadercast is a one-day leader development event broadcast LIVE from Atlanta, Ga. to hundreds of sites around the world, including Corpus Christi. This is the 13th year the event has been held but only the second time to be seen in Corpus Christi.

Chick-fil-A Leadercast at TAMU-CC

Speakers for this year’s event included:

Jack Welch, Former Chairman & CEO of General Electric
Andy Stanley, Best-selling leadership author & communicator
Mike Krzyzewski, Head men’s basketball coach, Duke University and Team USA
John C. Maxwell, Best-selling author and leadership expert
Dr. Henry Cloud, Best-selling author and leadership consultant
LCDR Rorke Denver, Navy SEAL and star of the 2012 movie Act of Valor
Sanya Richards-Ross, 2012 London Olympic gold medalist, track & field
David Allen, Best-selling author of Getting Things Done and productivity expert
Condoleezza Rice, Secretary of State (2005-2009)

Over 130,000 leaders from 17 countries attended the event. The event was broadcast to over 750 sites around the world.

Matt Cravey of Cravey Real Estate and attendees

Cravey Real Estate Services and the sponsors for the event also sent at no charge almost 100 High School Seniors and College Students. Letters from the students can be seen at the local Corpus Christi Leadercast web site.

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