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 Although there have been few economic events in the history of our country which have had the same dramatic consequences as Covid-19, our company continues to work hard for our client’s having been safely open throughout the pandemic as an essential business. Despite substantial gains in the last quarter with monthly employment, a drop in unemployment claims, increased single-family home sales, increased retail sales, and improved manufacturer shipments, it is apparent during the last few months, the economy has a longer recovery than expected where Houston is still down more than 250,000 jobs from February.

The growing number of Covid-19 cases provides for further uncertainty as to the timing and depth of recovery. All businesses continue the struggle with the decision of when and how they reopen, After losing nearly 40% of its work force from pre-Covid-19 levels, the restaurant industry still has less than 70% of its restaurants open, and many of those well below 100% capacity. The softness in Houston’s energy sector is also expected to remain in the near term, and due to its magnitude and importance for our economy, related capital spending, job growth, and demand for office space are anticipated to be relatively weak. Economic hardships placed upon consumers, an uncertain job market, ever-present health and safety issues, all combined with the upcoming presidential election and volatile political climate, will restrain consumer spending this Fall.

There is more to learn about the long-term implications as tenants, owners, lenders, and investors all ride the wave of changing market conditions in hopes of achieving a comfort level with the “new normal”. The way we live, work, play, and simply interact in virtually in every manner will be impacted by recent events, and this in turn, will continually impact our commercial real estate marketplace. Fundamental supply and demand will be changed as well as long-term preferences for utilization and operation of commercial assets including office, retail, and medical space.

With all the changes and uncertainty, our firm is busier than ever making sure our clients are informed of the latest, applicable information needed to adjust to this ever-changing market. We are happy to share our company transactions, philanthropy, new listings and activity over the last quarter. Take a well-deserved break from the daily stresses and enjoy some positive updates on our company. On behalf of The J. Beard family, thank you for your business and support.


The Woodlands, Texas (August 14, 2020) A new industrial warehouse and flex-office business park will be developed in South Montgomery County, 2978 Land Holdings, L.P. announced today. Known as the Woodgrove Business Park at FM 2978, the 85,000-square-foot planned development will offer warehouse, light industrial, flex and office spaces for a variety of users. Located south of the intersection of Woodlands Parkway and FM 2978 in Magnolia, Texas, the park is ideally situated on the west side of The Woodlands and just north of Tomball along the newly expanding FM 2978 corridor.

The development is intended to include six buildings ranging in size from 5,000 to 35,000 square feet to accommodate a variety of light industrial users and businesses. Situated on 9+ acres, plans for the park feature outside storage areas, convenient truck access and turnaround points, generous parking ratios, and business park signage. The first building is anticipated for completion by the first quarter of 2021.

Everson Developments will provide development services for the ownership, a private limited partnership. The leasing, marketing, and property management services for the development are provided by The J. Beard Real Estate Company.


The Woodlands, Texas (August 04, 2020) Linda Crumley of The J. Beard Real Estate Company has recently represented NW Oral Surgery in the sale of a medical office to Texas Orthopaedic & Sports Medicine. The office is located at 2827 Waterbend Cove in Spring, Texas, which is near Grand Parkway, east of Interstate I-45 North. The 2,500 square-foot, one-story property will be used as a physical therapy clinic for Texas Orthopaedic & Sports Medicine and is slated to open late fall 2020. The buyer was represented by Rob Banzhaf of Newcor Commercial Real Estate. 


The Woodlands, Texas (April 16, 2020) Lisa Hughes and Pamela Sprouse of The J. Beard Real Estate Company have recently represented Everson Developments and VP2 Partners L.P. in the lease of the entire third floor consisting of 20,000 square feet at the Vision Park Medical Office Building, located at 121 Vision Park Boulevard in Shenandoah. The tenant, University of St. Thomas, will offer their Second-Degree Accelerated Bachelor of Science in Nursing program. They were represented by Beth Young of Colliers International.


The Woodlands, Texas (April 3, 2020) Diana Gaines of The J. Beard Real Estate Company has recently represented DL Lincoln Distillery, LLC, in the sale of five acres of vacant land to Holland’s Road, LLC. The land is located at 6753 FM 2920, Spring, Texas, which is off Lee Road and FM 2920, west of Kuykendahl

The property will be used as expansion to the adjacent eight acres under construction for Geronimo Adventure Park.  The park will be an adventure experience for families, groups and individuals. It will feature 16 zip lines across three zip line courses, including a beginner course, a course with an aerial park and a 555-foot tandem zip finale, and a course with a 42-foot free fall jump station finale.

The seller, DL Lincoln Distillery, makes Cotton Hollow Whiskey. They moved their production to Bardstown, Kentucky. Cotton Hollow’s first batch was sold in Texas in 2014 and Texas continues to be Cotton Hollow’s largest market.


Ryan Hutson of The J. Beard Real Estate Company represented the buyer, Shepard Hill Properties LLC, in acquiring the 1.36-acre tract of land that is currently home to the 5,000 square foot retail dry cleaning, laundry, and alterations facility.  Andy’s Cleaners LLC is now open at 27600 Robinson Road (near the intersection of Robinson at Hanna). 

Andy’s offers state-of-the-art equipment, an eco-friendly cleaning process, and a high-tech conveyor system to deliver garments to customers as soon as they are ready via a Kiosk that is available 24 Hours a day, 7 days a week. Andy’s is locally and family-owned, managed, and staffed to serve the residents City of Oak Ridge North, and the greater South Montgomery County community.


 The J. Beard Real Estate Company is always happy to support YES to YOUTH - Montgomery County Youth Services. We sponsored a festive hybrid event (virtual and socially distant) which In no time far surpassed the original goal of raising $25,000. In fact, up to $40,000 was raised before the event even started, and at its close more than $44,000 was recorded!

“The youth in our county are in need of our lifesaving services now more than ever,” explained Dannette Suding, CEO of YES to YOUTH - Montgomery County Youth Services. “In this time, YES to YOUTH’s mission has been in critical need of funding after so many canceled events.  YES to YOUTH (formerly called Montgomery County Youth Services) is a non-profit organization that provides crisis counseling, shelter programs, prevention services and empowerment to young people to strengthen families, teach the youth that they are worth it, they deserve safety and security, and that they will succeed in life.


The J. Beard Real Estate Company is excited to be the leasing team for Woodforest Plaza @ Fish Creek, a new ±22,000 SF mixed-use office/retail building and bank branch being constructed at 895 Fish Creek Thoroughfare in Woodforest Development. A groundbreaking ceremony was held on 7/30/20, and space is scheduled to be delivered and available for lease in Q1 2021.