Company Research Report: Foresite Commercial Real Estate

Company Overview

• Name: Foresite Commercial Real Estate

• Mission: A new approach to commercial real estate management, leasing, and investment sales.

• Founded By: No information is available

• Headquarters: 777 E Sonterra Blvd, Suite 150, San Antonio, Texas 78258

• Key People:

• Bethany Babcock, MBA - Principal, Co-Owner

• Chad Knibbe, CCIM® - Principal, Co-Owner

• Nancy Braun, RPA® - Director of Property Management

• Lisa Jimenez - Director of Accounting

• Zach Parra - Assistant Director of Leasing

• Louis “Lex” Lutto III - Senior Vice President

• Stephen Berchelmann - Vice President - Urban Developments / Special Projects

• Alexandria Tatem - Associate Vice President of Investment Sales and Head of Research

• Number of Employees: No information is available

• Revenue: No information is available

• Known For:

• Extensive experience in selling over 250 commercial investment properties across 15 states.

• Focus on improving property values through specific lease structures and beneficial tenancy.

• Establishing accounting and management practices to ensure industry-standard financials.

Products and Services

1. Investment Sales

• High energy and proactive approach combined with rich experience.

• Focused on improving property values through investment and sales strategies.

2. Management

• More than traditional management; emphasizes adding value and communicating opportunities.

3. Leasing

• Beyond typical leasing strategies, Foresite proactively identifies the best retailers for optimal projects.

4. Consulting

• Offers a valuable outside perspective coupled with insider knowledge.

5. Sample Property: ESCALA

• Pre-Leasing: Features 10,000 to 15,000 square feet of multi-tenant space, pad sites, and build-to-suits.

• Ideal for service, healthcare, or restaurant users.

Key Features

• Research Reports: Quarterly research into the San Antonio and Austin commercial real estate markets with detailed data analysts covering metrics like rent collections and cap rates.

• Deal Stories: Documenting challenges and successes in diverse real estate projects, demonstrating solutions and substantial outcomes such as improvements in occupancy rates and property value.

Recent Developments

No detailed information has been explicitly provided on recent developments, new product launches, new features, or partnerships. However, there are notable deal stories illustrating successful property management and strategy implementations:

• San Antonio Oaks: Increased occupancy from 30% to 94% within a year.

• Oakline Square: Resolved cash flow shortages despite steady occupancy.

• Grandview Gardens: Strategic management decisions led to a reconsideration of a purchase contract in favor of a better investment opportunity.

• Multimedia Company: Advised a space relocation decision leading to substantial cost savings.

Conclusion

Foresite Commercial Real Estate is a dynamic company specializing in commercial real estate management, investment sales, and leasing with a strategic focus on improving property values and driving occupancy rates. Their contributions to the retail commercial real estate markets in San Antonio and Austin highlight their position as influential players in the industry. Their deal stories indicate their effective approach to tackling problems with strategic foresight and execution, ensuring both client satisfaction and business growth.