Lake Jackson Brazos Square Limited Partnership and Competitor Analysis
Company Overview
Lake Jackson Brazos Square Limited Partnership is a real estate development firm headquartered in Boerne, Texas. The company specializes in commercial property management, with a primary focus on retail spaces within the Lake Jackson area. Their key operational asset is Brazos Square, strategically located on Highway 332. This prime location positions Brazos Square as a major retail hub in Brazoria County, attracting significant consumer traffic due to its proximity to major tenants and retail establishments such as Academy Sports, Boot Barn, Brazos Mall, Target, Red Lobster, and Texas Roadhouse.
Key Personnel
- David Hill: Serving as the Chief Executive Officer, David Hill directs the strategic and managerial functions of the company. With substantial experience in the real estate sector, David brings expertise crucial to the company's growth strategies. He can be reached at (830) 336-2518.
Retail Spaces and Demographics
Brazos Square offers retail spaces ranging from 750 to 8,000 square feet, allowing flexible leasing possibilities to cater to a diversity of business needs. The city of Lake Jackson, with a population exceeding 28,000 and a median household income of $82,465, represents a robust local market conducive to retail success. The area benefits from substantial connectivity to neighboring cities like Clute and Freeport, enhancing commercial prospects for tenants.
Market Position and Developments
The recent $25 million renovation of the adjoining Brazos Mall by Centennial Real Estate emphasizes the growing investment in the area. This renovation is expected to elevate consumer engagement and bolster Brazos Square's market attractiveness through increased foot traffic and modernized facilities.
Competitive Landscape
Brazos Mall
- Location and Workforce: Situated in Lake Jackson, Texas, Brazos Mall is staffed by approximately 56 employees.
- Revenue and Management: Generates an estimated annual revenue of $1.9 million. It is presently owned and operated by the Dallas-based Centennial Real Estate Co., reinforcing its stature within the shopping center industry.
Foothills Mobile Home Ranch, Inc.
- Location and Specialization: Located at 99 September Ln, Boerne, TX, this long-standing entity specializes in operating mobile home parks, marking over 55 years in the real estate industry.
Envolve LLC
- Focus: Oversees the Terraces At Cibolo, catering to active seniors aged 55+ in Boerne, TX, with enhancements through modern amenities and prime location near Boerne's historic downtown.
Vantage Communities
- Property and Community Offerings: Offers newly constructed residences known as Vantage at Boerne, featuring elements such as private balconies, gated entries, and proximity to local amenities.
Additional Competitor
- Country View Apartments: While based in Fallbrook, CA, it adds to the competitive mix by offering amenities tailored to varied consumer preferences.
Real Estate Market Dynamics
The diverse Texas real estate market presents a competitive arena with varying ownership, revenue, and market strategies across players. Competitors range from mobile home parks to extensive shopping centers, shaping a dynamic landscape. Lake Jackson Brazos Square Limited Partnership can leverage this understanding to identify growth opportunities, enhance its competitive position, and expand its market reach within Boerne and the larger Texan market.
