1031 Diary II: Boost Mobile, 4403 W. Commerce
We acquired 4403 W Commerce in December of 2020 after selling 2707 Rogge Lane. The Rogge property was an East Side shopping center near the Mueller that required a gut renovation. We had it leased up and were working through our redevelopment plans when Austin’s growth out-paced us and a bigger fish came with an offer we couldn’t refuse.
Similar to our 8808 Barker Cypress acquisition, we felt like we could sell high in the Austin market and move our gains into a safe and stable NNN investment elsewhere.
Beck-Reit is BUYING! Send Us Your Listings!
Feasibility is about to expire on the sale of our fully-leased, 20,000sqft Warehouse in Creedmoor, TX, which means we've got nearly $2M cash to place in a safe NNN investment.
We're willing to go up to $4M for the right property... send us a winner and we'll show you the money!!
Purchase Requirement:
NNN Lease, Long Term Lease (5 year +)
Strong Tenant (Community Oriented, Recession Proof Industry, Solid FInancials
New Construction (2015-Present)
Austin/San Antonio/Dallas/Houston Location
Read our latest BLOG POST to get the full scoop on our risky warehouse play, how we turned the opportunity into a BIG SUCCESS, and how we plan to #protectthegain given our history of 1031 Exchanges.
A Look Back in Time | 6 months into 2022
See Below for an Overview of the last 6-months at Beck-Reit Commercial Real Estate, and Scroll to the Bottom for DeLea’s Notes and Takeaways from Rednews' Recent AUSTIN RETAIL FORECAST PANEL
REDNews | 3rd Annual Austin CRE Forecast 2022
This is not DeLea’s first rodeo, she has sat on the Red News Forecast Retail panel before. This is her 3-peat performance and the 1st time was the day before the pandemic shut down the world and she recalls an uncommon prediction that was in line with the outcome. Read about it in her blog below. You won’t want to miss DeLea talk about retail numbers, strategies, adaptive reuse, e-commerce impact, and trend analysis predictions.
The New Standard For Lease Protection You Need To Know
Learn why commercial landlords, tenants, and brokers nationwide are embracing Otso in every lease deal.
SOLD: East Austin Boutique Hotel | The Cat Noir
Beck-Reit Commercial Real Estate listed The Cat Noir Hotel on September 1st, 2021. We had multiple offers in less than 24 hours & within a week the property was under contract…. after a bidding war that drove the price above asking.
Congratulations to Dick Clark & Associates - 2120 E 7th St Wins Austin Business Journal 2021 CRE Award for BEST OFFICE REHAB!
It started when DeLea and Mark met for the 1st time for breakfast at Chumikals in 2017 (a favorite East Austin Joint for both) and the breakfast stretched into lunch. A couple of days later the property was toured and under contract - the rest is Award-Winning History!
The inspiring architects at Dick Clark & Associates have been rightfully recognized for their incredible office design at 2120 E 7th St - winning the Austin Business Journal’s 2021 CRE award for Best Office Rehab.
Originally an 80s pawnshop, 2120 E 7th was built like a concrete bunker with just one window and no insulation or even air conditioning for most of the space. DCA’s ground up design and construction has transformed the site into an eye-catching functional space perfect for creative office and retail needs.
Our old office building will be raised to make way 800 unit multi-family complex!
Beck-Reit’s Previous Office Will Be Razed for Mixed-Use Development
Beck-Reit & Sons Construction performed a gut renovation at 2131 Theo between 2014-2016, an adaptive reuse project that turned the aging auto repair shop into a 5-unit creative office space with shared conference room, kitchen, and lobby. The finished project was managed by Beck-Reit Asset Management and leased by Beck-Reit Commercial Real Estate until 2020, when the developers came knocking with an offer we couldn’t refuse.
'Black Artists Matter' mural painted in the heart of historic East Austin neighborhood
East Austin:
In many ways, development has displaced the cultural arts traditions of East Austin, long the home of the city’s Black community. Now, its champions — Black artists, creatives and community leaders — are working to restore that soul.
Capitol View Arts and the Austin Justice Coalition, with support from local artists and dozens of volunteers from the Austin area, painted a ‘Black Artists Matter’ mural on East 11th Street the morning of Thursday, June 18 2021. #BlackArtistMatter
DeLea Becker for The Austin Business Journal: Inflation, The Silent Killer and our Best Bet Against It
Here, DeLea shares where and why she sees inflation creeping into the market, how inflation interacts with typical investment vehicles, and how Commercial Real Estate is one of the best places to safeguard wealth against it.
2021 REDNews Austin Summit Recap - Retail Expert DeLea Becker
"Everyone in this room right now should feel extremely lucky working in this city"
On June 23rd, DeLea Becker spoke alongside fellow Commercial Real Estate Experts at the REDNews 2021 Summit Retail panel about opportunities and trends of the Austin Market.
2021 REDNews Austin Summit Set for June 23rd!
REDNews has been the first word in Texas Commercial Real Estate for over 25 years now. Their Summits brings together dozens of experts to speak on the “State of the Market” in their view. This year’s Summit will take place on June 23rd in Austin!
Beck-Reit Commercial is proud to sponsor the event once again this year, and even more excited to see our own DeLea Becker speaking as a panel-member on opportunities and trends in the current retail market! Her panel starts at 10:25AM. The Retail Market Panel will also include the following market experts:
Beck-Reit is Always Proud to Sponsor the REDNews Annual Summit! DeLea is joined by other panelist from
Beck-Reit Broker - Jim Rourke's South Lamar Assemblage for Development
Jim Rourke
Jim joined Beck-Reit at the early onset of Pandemic in 2020, and quickly put together a prominent assemblage play of 4 properties on South Lamar.
Beck-Reit Development - 2131 Theo Sells! A 6-year Investment Pays Off
6 years ago, Beck-Reit sold one of our mixed-use propertys in East Austin and did a 1031 exchange into 2 properties. 1 was a Ferrari Repair Shop on Theo Dr. off Airport Blvd near The Mueller Development. Our full redevelopment transformed the space into 5 unique creative office spaces with a shared kitchen common area and conference room. Now, just 6 years later, the property has been picked up by Cumby Development as the last piece of a new multi-family development getting ready to break ground.