IHOP Franchisee Buys Tract at Boonville Town Center

Brokerage Services, Commercial Management

May 1, 2009 by OLDHAM GOODWIN

Oldham Goodwin Brokerage Services

Bryan, Texas – The Oldham Goodwin Group, LLC, in conjunction with the City of Bryan, is pleased to announce that a tract has been sold to a franchisee of International House of Pancakes (IHOP), on the northwest side of the Boonville Town Center Development, located near State Highway 6 and Boonville Road in Bryan, Texas.

The IHOP franchisee has purchased the ~1.27 acre tract at the northwest corner of State Highway 6 Feeder Road and Austin’s Colony Parkway Extension. This is the third mover in the development, following Walgreens Pharmacy and the five floor, 100 room, upper mid-scale “Best Western Atrea at Old Town Center,” which features approximately 4,000 SF of meeting space. Construction of the IHOP is projected to begin in late spring and completed by the end of 2009.

Dennis Goehring, Director of Economic Development for the City of Bryan, said,

“This chronicles another chapter of economic growth that the City of Bryan is undergoing. With the revitalization of Downtown, construction of the Texas A&M Health Science Center and the completion of the Brazos County Expo Center, the City of Bryan is providing development assistance to businesses and individuals seeking to locate, relocate or expand within Bryan. The City of Bryan has placed great emphasis on retail, tourism and commercial developments in recent years.”

Jesse Durden, Development Manager and Sales Associate, The Oldham Goodwin Group, LLC, represented the seller, Five Ags Investments, LLC, in the negotiation and disposition of the property.

Six tracts remain available at Boonville Town Center, ~1 acre to ~4 acres, zoned C-2, Retail. The remaining tracts offer architectural controls with deed restrictions and feature exceptional location and visibility on State Highway 6.

For more information about Boonville Town Center or other Commercial Real Estate Projects visit www.OldhamGoodwin.com